CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) has announced a non-brokered private placement to raise gross proceeds of up to $500,000 through the sale of up to 5,000,000 units priced at $0.10 each. Each unit includes one common share and one transferable warrant exercisable at $0.15 per share for three years. Notably, company insiders are expected to participate for up to $400,000 of the total raise, triggering related-party transaction provisions under Canadian securities regulations. Proceeds are earmarked for general working capital.

Key Points

  • CleanTech Vanadium Mining Corp. (TSXV: CTV / OTCQB: CTVFF) announced the private placement on October 13, 2026
  • Up to 5,000,000 units offered at $0.10 each, with attached warrants exercisable at $0.15 for three years
  • Insiders expected to subscribe for up to 4,000,000 units, representing up to $400,000 of the total raise
  • Investors should watch for TSX Venture Exchange approval and the filing of the related-party material change report

Unit Structure and Warrant Terms of the CTV Private Placement

Each unit in the offering consists of one common share and one transferable common share purchase warrant. The warrants entitle holders to acquire one additional common share at an exercise price of $0.15 per share for a period of three years from the date of issuance. At a unit price of $0.10, the offering represents a potential path for warrant holders to increase their equity position at a 50 percent premium to the placement price, should they choose to exercise. All securities issued under the offering are subject to a statutory hold period of four months and one day from issuance under applicable Canadian securities laws.

Insider Participation Triggers Related-Party Transaction Disclosure

Insiders of CleanTech Vanadium Mining Corp. are expected to subscribe for up to 4,000,000 units, representing aggregate gross proceeds of up to $400,000. The company's announcement confirms this constitutes a related-party transaction under Multilateral Instrument 61-101. CleanTech states it intends to rely on exemptions from minority shareholder approval and formal valuation requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that neither the fair market value of units nor consideration paid by insiders is anticipated to exceed 25 percent of the company's market capitalisation. A material change report will be filed accordingly.

Proceeds to Support Working Capital Across Fluorspar and Vanadium Projects

The company states that proceeds from the offering will be used for general working capital purposes. CleanTech Vanadium Mining Corp. holds an option to acquire more than 17,550 acres of mineral rights with historic Fluorspar resources across multiple projects in the Illinois-Kentucky Fluorspar District. The company also owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada. The offering remains subject to TSX Venture Exchange approval, and the company may pay finders' fees to eligible finders in accordance with exchange policies. The immediate share price impact was not clear from available public information.