CleanTech Acquires Rights to El Triunfo Gold-Antimony Project in Bolivia from Silver Elephant
CleanTech Vanadium Mining (OTCQB: CTVFF) has successfully closed the acquisition of rights to the El Triunfo Gold and Antimony Project from Silver Elephant Mining Corp. The project, located 75km east of La Paz, Bolivia, covers approximately 256 hectares.
Under the transaction, CleanTech paid CAD 155,000 in cash to acquire Silver Elephant's option rights to purchase 100% equity interest in Mururata S.R.L., which owns the mining rights to the Triunfo Project. The deal was executed through an option assignment agreement dated April 8, 2025.
Due to existing ownership structures where Silver Elephant controls Oracle Commodity Holding Corp. (which holds 42,799,502 CleanTech shares), the transaction qualifies as a related-party transaction but is exempt from formal valuation requirements as it represents less than 25% of CleanTech's market capitalization of $6,451,952.
CleanTech Vanadium Mining (OTCQB: CTVFF) ha completato con successo l'acquisizione dei diritti sul Progetto Oro e Antimonio El Triunfo da Silver Elephant Mining Corp. Il progetto, situato a 75 km a est di La Paz, Bolivia, copre circa 256 ettari.
In base all'accordo, CleanTech ha pagato 155.000 CAD in contanti per acquisire i diritti di opzione di Silver Elephant per l'acquisto del 100% delle quote di Mururata S.R.L., che detiene i diritti minerari sul Progetto Triunfo. L'operazione 猫 stata formalizzata tramite un accordo di cessione di opzione datato 8 aprile 2025.
Considerando le strutture di propriet脿 esistenti, dove Silver Elephant controlla Oracle Commodity Holding Corp. (che detiene 42.799.502 azioni di CleanTech), la transazione 猫 qualificata come operazione con parti correlate, ma 猫 esente dai requisiti di valutazione formale poich茅 rappresenta meno del 25% della capitalizzazione di mercato di CleanTech, pari a 6.451.952 $.
CleanTech Vanadium Mining (OTCQB: CTVFF) ha cerrado con 茅xito la adquisici贸n de los derechos del Proyecto de Oro y Antimonio El Triunfo de Silver Elephant Mining Corp. El proyecto, ubicado a 75 km al este de La Paz, Bolivia, abarca aproximadamente 256 hect谩reas.
En la transacci贸n, CleanTech pag贸 155,000 CAD en efectivo para adquirir los derechos de opci贸n de Silver Elephant para comprar el 100% de las acciones de Mururata S.R.L., que posee los derechos mineros del Proyecto Triunfo. El acuerdo se ejecut贸 mediante un contrato de cesi贸n de opci贸n fechado el 8 de abril de 2025.
Debido a las estructuras de propiedad existentes, donde Silver Elephant controla Oracle Commodity Holding Corp. (que posee 42,799,502 acciones de CleanTech), la transacci贸n se califica como una operaci贸n con partes relacionadas, pero est谩 exenta de los requisitos formales de valoraci贸n ya que representa menos del 25% de la capitalizaci贸n de mercado de CleanTech, que es de $6,451,952.
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CleanTech Vanadium Mining (OTCQB : CTVFF) a finalis茅 avec succ猫s l'acquisition des droits sur le projet aurif猫re et antimoine El Triunfo aupr猫s de Silver Elephant Mining Corp. Le projet, situ茅 脿 75 km 脿 l'est de La Paz, en Bolivie, couvre environ 256 hectares.
Dans le cadre de la transaction, CleanTech a vers茅 155 000 CAD en esp猫ces pour acqu茅rir les droits d'option de Silver Elephant visant 脿 acheter 100 % des parts de Mururata S.R.L., propri茅taire des droits miniers du projet Triunfo. L'accord a 茅t茅 conclu par un contrat de cession d'option dat茅 du 8 avril 2025.
En raison des structures de propri茅t茅 existantes, o霉 Silver Elephant contr么le Oracle Commodity Holding Corp. (qui d茅tient 42 799 502 actions de CleanTech), la transaction est consid茅r茅e comme une op茅ration entre parties li茅es, mais est exempt茅e des exigences formelles d'茅valuation car elle repr茅sente moins de 25 % de la capitalisation boursi猫re de CleanTech, qui s'茅l猫ve 脿 6 451 952 $.
CleanTech Vanadium Mining (OTCQB: CTVFF) hat erfolgreich die Erwerbsrechte am El Triunfo Gold- und Antimonprojekt von Silver Elephant Mining Corp. abgeschlossen. Das Projekt liegt 75 km 枚stlich von La Paz, Bolivien, und umfasst etwa 256 Hektar.
Im Rahmen der Transaktion zahlte CleanTech 155.000 CAD in bar, um die Optionsrechte von Silver Elephant zum Kauf von 100 % der Anteile an Mururata S.R.L., dem Eigent眉mer der Bergbaurechte am Triunfo-Projekt, zu erwerben. Der Vertrag wurde durch eine Optionsabtretungsvereinbarung vom 8. April 2025 abgeschlossen.
Aufgrund der bestehenden Eigentumsstrukturen, bei denen Silver Elephant die Oracle Commodity Holding Corp. kontrolliert (die 42.799.502 CleanTech-Aktien h盲lt), gilt die Transaktion als ein Gesch盲ft mit verbundenen Parteien, ist jedoch von formellen Bewertungsanforderungen ausgenommen, da sie weniger als 25 % der Marktkapitalisierung von CleanTech in H枚he von 6.451.952 $ ausmacht.
- Strategic acquisition of El Triunfo Gold and Antimony Project in prime location near La Paz, Bolivia
- Relatively low acquisition cost of CAD 155,000 for potentially valuable mining rights
- Project spans significant area of 256 hectares with gold and antimony potential
- Complex related-party transaction structure involving multiple entities
- Current market capitalization of only $6.45M suggests limited financial resources
- Low share price of $0.045 indicates potential market concerns
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") and CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) (FSE: C9R) ("CleanTech") are pleased to announce that, further to their joint press release dated April 8, 2025, they have closed the Transaction (as defined below) whereby CleanTech was assigned an option to purchase the El Triunfo Gold and Antimony Project (the "Triunfo Project") located in the Bolivian department of La Paz, about 75km to the east of Bolivia's capital city of La Paz and spans an area of approximately 256 hectares.
On April 8, 2025, Silver Elephant and CleanTech entered into an option assignment agreement pursuant to which Silver Elephant assigned its rights in and to an option agreement dated July 10, 2020, pursuant to which, Silver Elephant has the right, through a wholly owned subsidiary of Silver Elephant, to acquire
Oracle Commodity Holding Corp. ("Oracle") is a control person of CleanTech, holding 42,799,502 common shares of CleanTech. Silver Elephant is a control person of Oracle, holding 28,793,110 common shares of Oracle. As such, CleanTech and Silver Elephant are related parties to each other within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). CleanTech will rely on the exemptions from the formal valuation and minority approval requirements of MI 61-10 (and Policy 5.9 of the TSX Venture Exchange) as the fair market value of the consideration paid for the Transaction does not exceed
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with precious metal projects in Bolivia.
Further information on Silver Elephant can be found at .
About CleanTech Vanadium Mining Corp.
CleanTech is an exploration-stage mining company focused on critical mineral resources in the USA. CleanTech owns a
Further information on CleanTech can be found at .
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
Phone: 1.604.569.3661 ext. 101
[email protected]
CLEANTECH VANADIUM MINING CORP.
ON BEHALF OF THE BOARD
"Masateru Igata"
Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements and Cautionary Disclaimers
References to $ herein refer to the lawful currency of Canada.
This news release is not an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the Transaction. Except for statements of historical fact relating to each of Silver Elephant and CleanTech, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur.
Although each of Silver Elephant and CleanTech has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Neither Silver Elephant nor CleanTech undertakes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Further, each of Silver Elephant and CleanTech may make changes to its business plans that could affect results.
To view the source version of this press release, please visit
FAQ
What did CleanTech Vanadium Mining (CTVFF) acquire in the El Triunfo transaction?
How much did CleanTech pay for the El Triunfo mining rights?
Where is the El Triunfo Gold and Antimony Project located?
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Why is this considered a related-party transaction for CleanTech?
