Cleantech Acquires Rights to El Triunfo Gold-Antimony Project in Bolivia from Silver Elephant
Silver Elephant Mining (OTCQB: SILEF) has completed the transfer of its option rights for the El Triunfo Gold and Antimony Project to CleanTech Vanadium Mining Corp. The transaction, valued at CAD 155,000 in cash, gives CleanTech the option to acquire 100% equity interest in Mururata S.R.L., which owns the mining rights to the 256-hectare project located 75km east of La Paz, Bolivia.
Due to the related-party nature of the transaction - with Silver Elephant controlling Oracle Commodity Holding Corp., which in turn controls CleanTech - the deal was structured to comply with MI 61-101 regulations. CleanTech, with a market capitalization of approximately $6.45 million, qualified for exemptions from formal valuation and minority approval requirements as the transaction value falls below the 25% threshold.
Silver Elephant Mining (OTCQB: SILEF) ha completato il trasferimento dei diritti di opzione per il Progetto El Triunfo Oro e Antimonio a CleanTech Vanadium Mining Corp. L鈥檕perazione, del valore di 155.000 CAD in contanti, conferisce a CleanTech l鈥檕pzione di acquisire il 100% delle quote di Mururata S.R.L., che detiene i diritti minerari su un鈥檃rea di 256 ettari situata a 75 km a est di La Paz, Bolivia.
Poich茅 la transazione coinvolge parti correlate 鈥� Silver Elephant controlla Oracle Commodity Holding Corp., che a sua volta controlla CleanTech 鈥� l鈥檃ccordo 猫 stato strutturato per rispettare le normative MI 61-101. CleanTech, con una capitalizzazione di mercato di circa 6,45 milioni di dollari, ha ottenuto esenzioni dalle valutazioni formali e dall鈥檃pprovazione delle minoranze, dato che il valore della transazione 猫 inferiore alla soglia del 25%.
Silver Elephant Mining (OTCQB: SILEF) ha completado la transferencia de sus derechos de opci贸n sobre el Proyecto de Oro y Antimonio El Triunfo a CleanTech Vanadium Mining Corp. La transacci贸n, valorada en 155,000 CAD en efectivo, otorga a CleanTech la opci贸n de adquirir el 100% de las acciones de Mururata S.R.L., que posee los derechos mineros sobre el proyecto de 256 hect谩reas ubicado a 75 km al este de La Paz, Bolivia.
Dado que la transacci贸n es entre partes relacionadas 鈥� Silver Elephant controla Oracle Commodity Holding Corp., que a su vez controla CleanTech 鈥� el acuerdo se estructur贸 para cumplir con las regulaciones MI 61-101. CleanTech, con una capitalizaci贸n de mercado de aproximadamente 6.45 millones de d贸lares, calific贸 para exenciones de valoraci贸n formal y aprobaci贸n de minor铆as, ya que el valor de la transacci贸n est谩 por debajo del umbral del 25%.
Silver Elephant Mining (OTCQB: SILEF)电� El Triunfo 旮� 氚� 鞎堩嫲氇� 頂勲鞝濏姼鞐� 雽�頃� 鞓奠厴 甓岆Μ毳� CleanTech Vanadium Mining Corp.鞐� 鞚挫爠頃樀鐢 鞝堨皑毳� 鞕勲頄堨姷雼堧嫟. 鞚措矆 瓯半灅电� 順勱笀 15毵� 5觳� 旌愲倶雼� 雼煬(CAD) 攴滊搿�, CleanTech臧� 氤茧Μ牍勳晞 霛柬寣鞀れ棎靹� 霃欖鞙茧 75km 霒柎歆� 256項ロ儉毳� 攴滊鞚� 頂勲鞝濏姼鞐� 雽�頃� 甏戩偘 甓岆Μ毳� 氤挫湢頃� Mururata S.R.L.鞚� 歆�攵� 100%毳� 鞚胳垬頃� 靾� 鞛埖鐢 鞓奠厴鞚� 攵�鞐暕雼堧嫟.
Silver Elephant臧� Oracle Commodity Holding Corp.毳�, Oracle鞚� 雼れ嫓 CleanTech毳� 歆�氚绊晿电� 甏�瓿勳偓 臧� 瓯半灅鞚措瘈搿� MI 61-101 攴滌爼鞚� 欷�靾橅晿霃勲 瓯半灅臧� 甑“頇旊悩鞐堨姷雼堧嫟. 鞎� 645毵� 雼煬鞚� 鞁滉皜齑濎暋鞚� 臧�歆� CleanTech电� 瓯半灅 臧�旃橁皜 25% 旮办 鞚错晿鞚搓赴鞐� 瓿奠嫕 韽夑皜 氚� 靻岇垬 欤检＜ 鞀轨澑 鞖旉贝鞐愳劀 氅挫牅霅橃棃鞀惦媹雼�.
Silver Elephant Mining (OTCQB : SILEF) a finalis茅 le transfert de ses droits d'option sur le projet El Triunfo Or et Antimoine 脿 CleanTech Vanadium Mining Corp. La transaction, d'une valeur de 155 000 CAD en esp猫ces, offre 脿 CleanTech l'option d'acqu茅rir 100 % des parts de Mururata S.R.L., qui d茅tient les droits miniers sur le projet de 256 hectares situ茅 脿 75 km 脿 l'est de La Paz, en Bolivie.
脡tant donn茅 la nature li茅e des parties 鈥� Silver Elephant contr么le Oracle Commodity Holding Corp., qui contr么le 脿 son tour CleanTech 鈥� l'accord a 茅t茅 structur茅 pour se conformer aux r茅glementations MI 61-101. CleanTech, avec une capitalisation boursi猫re d'environ 6,45 millions de dollars, a b茅n茅fici茅 d'exemptions concernant l'茅valuation formelle et l'approbation des minoritaires, la valeur de la transaction 茅tant inf茅rieure au seuil de 25 %.
Silver Elephant Mining (OTCQB: SILEF) hat die 脺bertragung seiner Optionsrechte am El Triunfo Gold- und Antimon-Projekt an die CleanTech Vanadium Mining Corp. abgeschlossen. Die Transaktion, die mit 155.000 CAD in bar bewertet wird, gibt CleanTech die Option, 100 % der Anteile an Mururata S.R.L. zu erwerben, die die Bergbaurechte an dem 256 Hektar gro脽en Projekt besitzt, das 75 km 枚stlich von La Paz, Bolivien, liegt.
Da es sich um eine Transaktion zwischen verbundenen Parteien handelt 鈥� Silver Elephant kontrolliert Oracle Commodity Holding Corp., welche wiederum CleanTech kontrolliert 鈥� wurde der Deal so strukturiert, dass er den MI 61-101-Vorschriften entspricht. CleanTech, mit einer Marktkapitalisierung von etwa 6,45 Millionen US-Dollar, qualifizierte sich f眉r Ausnahmen von formalen Bewertungs- und Minderheitenzustimmungspflichten, da der Transaktionswert unter der 25%-Schwelle liegt.
- None.
- Complex related-party transaction structure involving multiple entities
- CleanTech's relatively low market capitalization of $6.45 million at $0.045 per share
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 is the value of the El Triunfo Project acquisition by CleanTech from Silver Elephant?
Where is the El Triunfo Gold-Antimony Project located and what is its size?
What is the relationship between Silver Elephant (SILEF) and CleanTech in this transaction?
What is CleanTech's market capitalization at the time of the transaction?
Why did CleanTech qualify for exemptions from MI 61-101 requirements?
