CleanTech Vanadium Mining Corp. (NYSE:CTV) has taken a significant step in the fluorspar market with its recent acquisition of projects within the Illinois-Kentucky Fluorspar District. The deal, valued at $4 million, positions CleanTech prominently within the U.S. fluorspar sector. The acquisition involves a structured option-to-purchase agreement, enabling CleanTech to acquire the projects incrementally, with full payment due by September 2029. The projects are strategically located near major industrial consumers.

This acquisition highlights CleanTech’s intent as the U.S. heavily depends on fluorspar imports. Used across industries like uranium enrichment, electric vehicle batteries, and steel production, fluorspar demand is on the rise. CleanTech’s move aligns with this evolving market landscape while aiming to ensure reliable domestic mineral supply.

With more than 12.5 million tons extracted from the Illinois-Kentucky Fluorspar District since the 1800s, CleanTech faces promising long-term exploration opportunities. Global fluorspar production is dominated by China, representing over 60% of worldwide supplies. However, recent shifts in China’s role have increased domestic demand for U.S. sources like CleanTech’s projects.

On the financial side, CleanTech (CTV) currently trades at $3.14, with a market capitalization of roughly $474 million. Recent market reports underline active trading interest, with a 52-week high at $3.40 and a low of $1.47. Upgrades from agencies, including KeyBanc to “Buy,” signify growing optimism for CleanTech’s trajectory going forward.