<SEC-DOCUMENT>0001171843-25-003539.txt : 20250530
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<ACCEPTANCE-DATETIME>20250530120115
ACCESSION NUMBER:		0001171843-25-003539
CONFORMED SUBMISSION TYPE:	SD
PUBLIC DOCUMENT COUNT:		2
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<RULE-NAME>13p-1
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<ITEM-NUMBER>1.01
<ITEM-PERIOD>20241231
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FILED AS OF DATE:		20250530
DATE AS OF CHANGE:		20250530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Clearfield, Inc.
		CENTRAL INDEX KEY:			0000796505
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				411347235
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SD
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16106
		FILM NUMBER:		251008727

	BUSINESS ADDRESS:	
		STREET 1:		7050 WINNETKA AVE. N.
		STREET 2:		SUITE 100
		CITY:			BROOKLYN PARK
		STATE:			MN
		ZIP:			55428
		BUSINESS PHONE:		763-476-6866

	MAIL ADDRESS:	
		STREET 1:		7050 WINNETKA AVE. N.
		STREET 2:		SUITE 100
		CITY:			BROOKLYN PARK
		STATE:			MN
		ZIP:			55428

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APA Enterprises, Inc.
		DATE OF NAME CHANGE:	20041116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APA OPTICS INC /MN/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<SEQUENCE>1
<FILENAME>sd_052925.htm
<DESCRIPTION>FORM SD
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: 0.15pt"><B>UN</B></FONT><B><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt">I</FONT></B><B><FONT STYLE="font-size: 10pt; letter-spacing: 0.15pt">TE</FONT></B><B><FONT STYLE="font-size: 10pt">D
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: 0.15pt"><B>FOR</B></FONT><B><FONT STYLE="font-size: 10pt">M
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Clearfield,
    Inc.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact
    name of registrant as specified in its charter)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Minnesota</B></FONT></TD>
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>000-16106</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.1pt">(S</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.05pt">t</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.1pt">a</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.05pt">t</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e
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  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>7050 Winnetka
    North, Suite 100 </B></FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Brooklyn Park,
    Minnesota</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>55428</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.05pt">(</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.1pt">Add</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.05pt">r</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.1pt">es</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">s
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    Code)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Daniel
    Herzog </B><FONT STYLE="background-color: white">(763) 476-6866</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.1pt">(Na</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.15pt">m</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">e
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  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
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<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 3%">&#9744;</TD>
  <TD STYLE="width: 97%">Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal
year ended ________________.</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt"><B>Section 1 &ndash;
Conflict Minerals Disclosure</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt"><B>Item 1.01</B></FONT></TD><TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt; letter-spacing: 0.05pt"><B>Conflict
                                            Minerals Disclosure and Report</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt; background-color: white">This
Form SD of Clearfield, Inc. (the &ldquo;Company&rdquo;) is filed for the reporting period from January&nbsp;1, 2024 to December&nbsp;31,
2024 pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">A copy of the Company&rsquo;s
Conflict Minerals Report is filed as Exhibit 1.01 to this Form SD and is publicly available on the Company&rsquo;s website at <U>www.seeclearfield.com/conflict-minerals.html</U>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Any reference in this
Form SD to the Company&rsquo;s corporate website, and the contents thereof, is provided for convenience only. Such website and the contents
thereof are not incorporated by reference into this Form SD nor deemed filed with the Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt"><B>Item 1.02</B></FONT></TD><TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt; letter-spacing: 0.05pt"><B>Exhibit</B></FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">As specified in Section 3, Item 3.01 of
this Form SD, the Company is hereby filing its Conflict Minerals Report as Exhibit 1.01 to this report.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Section 2 - Resource Extraction Issuer
Disclosure</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt"><B>Item 2.01</B></FONT></TD><TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt"><B>Resource Extraction Issuer
                                            Disclosure and Report</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Not applicable.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Section 3 - Exhibits</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt"><B>Item 3.01</B></FONT></TD><TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt"><B>Exhibits</B></FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">The following exhibit is filed as part of
this report.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt; width: 14%; border-bottom: Black 1pt solid; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
    No.</FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0pt; width: 82%; border-bottom: Black 1pt solid; padding-right: 0pt; padding-left: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="exh_101.htm">1.01</A></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="exh_101.htm">Conflict Minerals Report of Clearfield, Inc. as required by Items 1.01 and 1.02 of this Form SD.</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt">Pu</FONT><FONT STYLE="font-size: 10pt; letter-spacing: 0.05pt">r</FONT><FONT STYLE="font-size: 10pt; letter-spacing: 0.1pt">suan</FONT><FONT STYLE="font-size: 10pt">t
<FONT STYLE="letter-spacing: 0.05pt">t</FONT>o <FONT STYLE="letter-spacing: 0.05pt">t</FONT><FONT STYLE="letter-spacing: 0.1pt">h</FONT>e
<FONT STYLE="letter-spacing: 0.05pt">r</FONT><FONT STYLE="letter-spacing: 0.1pt">equ</FONT><FONT STYLE="letter-spacing: 0.05pt">ir</FONT><FONT STYLE="letter-spacing: 0.1pt">e</FONT><FONT STYLE="letter-spacing: 0.15pt">m</FONT><FONT STYLE="letter-spacing: 0.1pt">en</FONT><FONT STYLE="letter-spacing: 0.05pt">t</FONT>s
<FONT STYLE="letter-spacing: 0.1pt">o</FONT>f <FONT STYLE="letter-spacing: 0.05pt">t</FONT><FONT STYLE="letter-spacing: 0.1pt">h</FONT>e
<FONT STYLE="letter-spacing: 0.1pt">Secu</FONT><FONT STYLE="letter-spacing: 0.05pt">riti</FONT><FONT STYLE="letter-spacing: 0.1pt">e</FONT>s
<FONT STYLE="letter-spacing: 0.1pt">Exchang</FONT>e <FONT STYLE="letter-spacing: 0.1pt">Ac</FONT>t <FONT STYLE="letter-spacing: 0.1pt">o</FONT>f
<FONT STYLE="letter-spacing: 0.1pt">1934, the registrant ha</FONT>s <FONT STYLE="letter-spacing: 0.1pt">du</FONT><FONT STYLE="letter-spacing: 0.05pt">l</FONT>y
<FONT STYLE="letter-spacing: 0.1pt">cause</FONT>d <FONT STYLE="letter-spacing: 0.05pt">t</FONT><FONT STYLE="letter-spacing: 0.1pt">h</FONT><FONT STYLE="letter-spacing: 0.05pt">i</FONT>s
<FONT STYLE="letter-spacing: 0.05pt">r</FONT><FONT STYLE="letter-spacing: 0.1pt">epo</FONT><FONT STYLE="letter-spacing: 0.05pt">r</FONT>t
<FONT STYLE="letter-spacing: 0.05pt">t</FONT>o <FONT STYLE="letter-spacing: 0.1pt">b</FONT>e <FONT STYLE="letter-spacing: 0.1pt">s</FONT><FONT STYLE="letter-spacing: 0.05pt">i</FONT><FONT STYLE="letter-spacing: 0.1pt">gne</FONT>d
<FONT STYLE="letter-spacing: 0.1pt">o</FONT>n <FONT STYLE="letter-spacing: 0.05pt">it</FONT>s <FONT STYLE="letter-spacing: 0.1pt">beha</FONT><FONT STYLE="letter-spacing: 0.05pt">l</FONT>f
<FONT STYLE="letter-spacing: 0.1pt">b</FONT>y <FONT STYLE="letter-spacing: 0.05pt">t</FONT><FONT STYLE="letter-spacing: 0.1pt">h</FONT>e
<FONT STYLE="letter-spacing: 0.1pt">du</FONT><FONT STYLE="letter-spacing: 0.05pt">l</FONT>y <FONT STYLE="letter-spacing: 0.1pt">au</FONT><FONT STYLE="letter-spacing: 0.05pt">t</FONT><FONT STYLE="letter-spacing: 0.1pt">ho</FONT><FONT STYLE="letter-spacing: 0.05pt">ri</FONT><FONT STYLE="letter-spacing: 0.1pt">ze</FONT>d
<FONT STYLE="letter-spacing: 0.1pt">unde</FONT><FONT STYLE="letter-spacing: 0.05pt">r</FONT><FONT STYLE="letter-spacing: 0.1pt">s</FONT><FONT STYLE="letter-spacing: 0.05pt">i</FONT><FONT STYLE="letter-spacing: 0.1pt">gned</FONT>.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt; width: 72%; padding-right: 0pt; padding-left: 0pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">CLEARFIELD, INC.</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0pt; width: 20%; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt; border-bottom: Black 1pt solid; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Daniel Herzog</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0pt; border-bottom: Black 1pt solid; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">May
    30, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0pt; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.1pt">By</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:
    Daniel Herzog, Chief Financial Officer</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0pt; padding-right: 0pt; padding-left: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-1.01
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 1.01
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Exhibit 1.01</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>CLEARFIELD, INC.</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Conflict Minerals Report</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>For the reporting period from January 1, 2024 to December 31, 2024</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">This Conflict Minerals Report of Clearfield, Inc. (the &ldquo;Company&rdquo;) has been prepared
pursuant to Rule 13p-1 and Form SD (the &ldquo;Rule&rdquo;) promulgated under the Securities and Exchange Act of 1934, as amended, for
the reporting period from January 1, 2024 to December 31, 2024.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Rule requires SEC registrants whose products contain tin, tantalum,
tungsten or gold (collectively, &ldquo;Conflict Minerals&rdquo;) that are necessary to the functionality or production of those products
to disclose annually whether any of the Conflict Minerals in such products originated in the Democratic Republic of the Congo or one of
its adjoining countries (collectively, the &ldquo;Covered Countries&rdquo;). If the registrant knows that the Conflict Minerals necessary
to its products originated in the Covered Countries, or has reason to believe the Conflict Minerals may have originated in the Covered
Countries and did not or may not have come from scrap or recycled sources, the registrant must exercise due diligence on the source and
chain of custody of the Conflict Minerals and prepare and file a report that includes a description of those due diligence measures.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Clearfield&rsquo;s Products</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">In accordance with the Rule, the Company reviewed its products and determined
that Conflict Minerals may be necessary to the functionality or production of the following products the Company manufactured or contracted
to manufacture in the reporting period of January 1, 2024 to December 31, 2024: (1) cable assemblies made with metal compounds that may
contain tin and gold; and (2) cabinets and panels comprised of sheet metal that may contain tin. These cable assemblies, cabinets and
panels are referred to in this report as &ldquo;Covered Products.&rdquo; The Company&rsquo;s fiber connectivity products contain a wide
variety of materials that do not contain Conflict Minerals.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Description of Reasonable Country of Origin Inquiry</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">In accordance with the Rule, the Company undertook a reasonable country
of origin inquiry (the &ldquo;2024 RCOI&rdquo;) to determine whether the Conflict Minerals necessary to the functionality or production
of the Covered Products were sourced from the Covered Countries or are from recycled or scrap sources.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company&rsquo;s 2024 RCOI was based upon the due diligence framework
in the <I>OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Third Edition</I>,
and the related supplements on Conflict Minerals.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">The 2024 RCOI included the following steps:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">The Company first identified all its active first-tier suppliers that may supply products to the Company
(components, subassemblies, and materials) containing Conflict Minerals.&nbsp;&nbsp;For this purpose, the Company identified those first-tier
suppliers that offered products that may contain Conflict Minerals for sale generally, whether or not the Company actually purchased those
products in 2024.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; margin: 0pt 0"><B>Exhibit 1.01</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">The Company next conducted a survey of these suppliers using the Conflict Minerals Reporting Template
(&ldquo;CMRT&rdquo;) (version 6.5) developed by the <FONT STYLE="background-color: #FEFEFE">Responsible Minerals Initiative (&ldquo;RMI&rdquo;).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">From responsive suppliers that indicated the products they supply to the Company contain Conflict Minerals
that originated in the Covered Countries, the Company independently compared the list of smelters and refiners collected from such suppliers
to the lists of smelters and refiners maintained by the RMI to determine the RMI Responsible Minerals Assurance Process (&ldquo;RMAP&rdquo;)
assessment status of such smelters and refiners.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">For non-responsive suppliers, the Company reviewed publicly available information and information generated
in the course of the supply relationship to determine if there exists any indication that the products such suppliers provided to the
Company contain Conflict Minerals that originated or may have originated in the Covered Countries.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Results of Reasonable Country of Origin Inquiry</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The 2024 RCOI results are as follows:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">As to the suppliers that submitted CMRTs that were complete and responsive: (A) 20 suppliers constituting
18.2% of the dollar volume of all purchases of products that may contain Conflict Minerals in 2024 indicated that none of the products
included in the Covered Products contained Conflict Minerals; (B) 8 suppliers constituting 55.9% of the dollar volume of all purchases
of products that may contain Conflict Minerals in 2024 indicated that the products included in the Covered Products contained Conflict
Minerals originating in the Covered Countries, but that the smelters and refiners of those Conflict Minerals were deemed conformant with
the RMAP assessment protocols, however, in reviewing the list of smelters and refiners identified by these suppliers, the Company determined
certain of these smelters and refiners do not appear on the lists of conformant or active smelters and refiners maintained by the RMI;
(C) 6 suppliers constituting 3.0% of the dollar volume of all purchases of products that may contain Conflict Minerals in 2024 indicated
that the products included in the Covered Products contained Conflict Minerals, but the suppliers were unable to state the country of
origin of the Conflict Minerals in the products; (D) none of the suppliers of products that may contain Conflict Minerals in 2024 indicated
that the products included in the Covered Products contained Conflict Minerals originating in Covered Countries from smelters and refiners
that were not conformant with the RMAP assessment protocols; and (E) none of the suppliers of products that may contain Conflict Minerals
in 2024 indicated the products included in the Covered Products contained Conflict Minerals from recycled or scrap sources.</TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font-size: 10pt; margin: 0pt 0"><B>Exhibit 1.01</B></P></DIV>
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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">As to the suppliers that did not submit complete and responsive CMRTs, the Company did not identify any
indicators that the Conflict Minerals in the products supplied to the Company originated or may have originated in the Covered Countries.</TD></TR></TABLE>

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