CleanTech Announces $1.56 Million Non-Brokered Private Placement

About this update from Cleantech Vanadium Mining Corp

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") to raise gross proceeds of up to $1,560,000 through the sale of up to 12,000,000 units (the "Units") at a price of $0.13 per unit. Each Unit consists of one common share of the Company (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant") entitling the holder to purchase one additional Share at a price of $0.18 per Share for a period of three (3) years from the date of issuance. Insiders of the Company (the "Insiders") will be subscribing for up to 3,000,000 Units for gross proceeds of up to $390,000. The issuance of Units to the Insiders will be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As part of this insider participation, Oracle Commodity Holding Corp. ("Oracle"), an insider and control person of the Company, has agreed to subscribe for 1,000,000 Units for gross proceeds of $130,000 under the Offering. Prior to the closing of the Offering, Oracle held 42,799,502 common shares of the Company, representing approximately 28.28% of the issued and outstanding common shares. Upon closing of the Offering, Oracle will hold 43,799,502 common shares and a total of 2,737,857 common share purchase warrants (inclusive of 1,737,857 warrants held prior to the Offering), representing approximately 26.82% of the issued and outstanding common shares of the Company on an undiluted basis, and approximately 28.02% on a partially diluted basis, assuming the exercise of all warrants held by Oracle. The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the "related-party transactions" under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating Insiders nor the consideration to be paid by such Insiders is anticipated to exceed 25 percent of the Company's market capitalization. The Company will file a mat...

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