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Oracle Commodity Holding Corp. ( (TSE:ORCL) ) has shared an announcement.
Oracle Commodity Holding Corp. and CleanTech Vanadium Mining Corp. have amended their royalty agreement to include the Pope Fluorspar Properties in Illinois. This strategic move expands Oracle’s interests in the Illinois-Kentucky Fluorspar District, a key domestic source of fluorspar in the U.S., which is crucial given the country’s reliance on imports. The amendment involves Oracle receiving a 2% net smelter return royalty from the properties, with significant cash payments to CleanTech’s subsidiary, U.S. Fluorspar LLC. This development underscores Oracle’s commitment to strengthening its position in the fluorspar market, leveraging the district’s rich geological features and established infrastructure.
More about Oracle Commodity Holding Corp.
Oracle Commodity Holding Corp. operates in the commodity industry, focusing on investments and holdings in mineral and resource sectors. The company is involved in strategic partnerships and agreements to enhance its portfolio, particularly in the fluorspar market.
Average Trading Volume: 314,273
Technical Sentiment Signal: Sell
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