Major Fluorspar Discovery in the U.S.
Cleantech Vanadium( TSX-V: CTV, OTCQB: CTVFF) Invest in Fluorspar for Under 10 cents, why wait?
Fluorspar, scientifically known as fluorite, is a mineral composed of calcium fluoride (CaF₂). It exhibits a cubic crystal structure and is renowned for its vibrant colors
Metspar is a key raw material in the production of steel, when added to the slag, it becomes a competitive solution in the removal of implurities (such as sulfur) bringing benefits to high-end stainless steel. Metspar is a valuable addictive in the production of clinker for the cement industry, increasing productivity and product performance.
Acidspar is key to our integrated production of fluorine-based solutions. A key component if hydrofluoric acid (HF), it provides the primary source of the fluoride ion and forms the basis of vast range of industrial, pharmaceutical, polymer, electronics, petroleum, personal car, agrochemical and fine chemical products.
Modern Electric Vehicle batteries like Tesla’s required roughly 10KG of fluorspar content per vehicle. Fluorspar demand from the lithium ion battery sector is expected to exceed 1.6 million tonnes by 2030, representing a significant portion of the overall market, according to Benchmark’s Fluorspar Market Outlook.
Fluorspar is essential in nuclear energy as it serves as a fluxing agent in producing uranium hexafluoride (UF6), a key compound in the uranium fuel cycle. Its unique chemical properties also aid in uranium extraction and purification.
China, the largest fluorspar supplier, has now turned into a net importer of fluorspar with tightened export controls since 2018, contributing to supply chain challenges. This could potentially lead to a further increase in fluorspar prices, exacerbating the supply-demand imbalance.
CleanTech Vanadium Mining Corp ("CleanTech") is a highly specialised critical mineral mining company ( TSXV: CTV , OTCQB: CTVFF ).
CleanTech's Fluorspar Projectsreceived over 720 historic drill holes, covering over 7,180 acres and collectively control key segments of the Western Kentucky Fluorspar District's most productive fault systems, In addition, CleanTech's Vanadium mining project (Gibellini, Nevada) is advancing towards production in the United States with a Record of Decision approving the Environmental Impact Statement in October 2023.
The USA currently has no Fluorspar mine production or Vanadium mine production.
