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CleanTech Vanadium Mining Corp. (TSXV:CTV) has successfully closed the initial tranche of its non-brokered private placement, raising gross proceeds of $433,033.37 by issuing 3,936,667 units at $0.11 each. Oracle Commodity Holding Corp., an insider and control person, subscribed for 2,466,667 units, boosting its ownership stake to approximately 29.14% on an undiluted basis. The company plans to allocate net proceeds toward general corporate purposes and may pursue additional tranches pending regulatory approval.
Key Points
- CleanTech Vanadium Mining Corp. (TSXV:CTV) closed the first tranche of its non-brokered private placement announced July 6, 2026.
- Raised $433,033.37 gross proceeds through sale of 3,936,667 units at $0.11 each.
- Each unit includes one common share and one transferable warrant exercisable at $0.15 for three years.
- Oracle Commodity Holding Corp., an insider, subscribed for 2,466,667 units worth $271,333.37, increasing its ownership to about 29.14% undiluted.
- Securities are subject to a regulatory hold period expiring November 22, 2026.
- Additional tranches may be completed pending TSX Venture Exchange approval.
Details of First Tranche Financing and Unit Composition
On July 21, 2026, CleanTech Vanadium Mining Corp. closed the first tranche of its non-brokered private placement, initially announced on July 6, 2026. The company issued 3,936,667 units at $0.11 each, generating gross proceeds of $433,033.37. This structure offers investors both equity and warrant participation in the company’s future growth.
Each unit comprises one common share and one transferable common share purchase warrant exercisable at $0.15 per share for three years from issuance. This warrant arrangement enables investors to acquire additional shares within the three-year period, providing potential upside in CleanTech’s equity.
Oracle Commodity Holding Corp.’s Insider Investment and Ownership Increase
Oracle Commodity Holding Corp., an insider and control person of CleanTech, subscribed for 2,466,667 units, contributing $271,333.37 to the first tranche. This accounted for approximately 62.6% of the units issued in this tranche. Before this transaction, Oracle held 42,799,502 common shares, representing roughly 28.28% of the company’s outstanding shares.
Post-closing, Oracle’s holdings rose to 45,266,169 common shares plus 2,466,667 warrants. On an undiluted basis, Oracle’s ownership increased to about 29.14%, and on a partially diluted basis, assuming all warrants are exercised, ownership reaches approximately 30.25%. This reflects Oracle’s ongoing commitment to CleanTech’s mineral development projects.
Related Party Transaction Exemptions Under MI 61-101
Oracle’s participation qualifies as a related party transaction under Multilateral Instrument 61-101 (MI 61-101), designed to protect minority shareholders in special transactions. CleanTech utilized exemptions under sections 5.5(a) and 5.7(1)(a) of MI 61-101, avoiding formal valuation and minority approval requirements since the transaction’s value did not exceed 25% of the company’s market capitalization.
The company will file a material change report concerning this related party transaction to ensure transparency for investors and regulators.
Finder’s Fee and Canaccord Genuity’s Role
CleanTech paid a finder’s fee to Canaccord Genuity Corp. for introducing subscriptions totaling 1,120,000 units. The fee comprised 89,600 units, representing 8% of the units sold to these subscribers. This compensation is standard in private placements where placement agents facilitate investor connections.
The finder’s units each include one common share and one non-transferable warrant exercisable at $0.15 for three years, mirroring terms of the offering’s warrants but differing by being non-transferable.
Regulatory Hold Period and Compliance
All securities issued in the first tranche, including those to Canaccord Genuity, are subject to a regulatory hold period expiring November 22, 2026. This approximately four-month hold restricts trading of shares and warrants on the secondary market, aligning with Canadian securities regulations to maintain market stability post-issuance.
Use of Proceeds and Corporate Strategy
CleanTech intends to use net proceeds from this tranche for general corporate purposes, including working capital, operational expenses, exploration, and administrative costs. The company confirmed that proceeds will not fund any transaction requiring TSX Venture Exchange approval, indicating the capital supports ongoing operations rather than acquisitions.
Potential Additional Tranches and Financing Flexibility
The company may complete further tranches of this private placement, subject to regulatory approvals including TSX Venture Exchange consent. This multi-tranche approach offers CleanTech flexibility to raise capital based on market conditions and investor demand.
Additional tranche announcements will provide insights into the company’s capital needs and growth plans.
CleanTech’s Mineral Assets and Business Focus
CleanTech Vanadium Mining Corp. focuses on discovering and supplying critical minerals within the U.S. market, targeting demand in battery technology and renewable energy sectors. Its assets include options to acquire over 17,550 acres of mineral rights with historic fluorspar resources in the Illinois-Kentucky Fluorspar District and a 100% interest in the Gibellini Vanadium Mine Project in Nevada.
Funds from this private placement may support exploration, development, and permitting activities related to these key mineral properties.
Market Presence and Trading Liquidity
CleanTech trades on the TSX Venture Exchange under ticker CTV and on the U.S. OTC market as CTVFF, offering liquidity and access to both Canadian and U.S. investors. The successful first tranche closing reflects investor confidence, highlighted by insider participation from Oracle Commodity Holding Corp. and institutional interest via Canaccord Genuity.
Units were priced at $0.11 each with warrants exercisable at $0.15, aligning with current market valuations of CleanTech’s assets and growth potential.
