Cleantech, Silver Elephant close El Triunfo option deal

Executive Summary

• Cleantech Vanadium Mining Corp. closed a transaction acquiring an option to purchase the El Triunfo gold‑antimony project in Bolivia from Silver Elephant Mining Corp. for $155,000 cash.
• The deal involves related‑party parties (Cleantech, Silver Elephant, and Oracle Commodity Holding Corp.) and relies on TSX‑V exemptions because the consideration is less than 25 % of Cleantech’s market capitalization (~$6.45 M).
• The El Triunfo project covers ~256 ha in La Paz Department, located ~75 km east of Bolivia’s capital.

Key Details

• Transaction Structure: Option assignment agreement; Silver Elephant transferred its rights under a July 10 2020 option agreement (to acquire 100 % of Mururata SRL) to Cleantech.
• Consideration Paid: $155,000 cash paid by Cleantech to Silver Elephant.
• Project Description: El Triunfo gold‑antimony project; ~256 ha; situated in La Paz Department, Bolivia, ~75 km east of the city of La Paz.
• Related Party Relationships:
• Oracle Commodity Holding Corp. holds 42,799,502 Cleantech common shares (control person).
• Silver Elephant holds 28,793,110 Oracle common shares (control person).
• Regulatory Exemptions: Transaction qualifies for MI 61‑10 and TSX‑V Policy 5.9 exemptions; fair market value of consideration (<25 % of Cleantech’s market cap) based on $0.045/share and 143,376,716 shares outstanding (≈$6.45 M market cap).
• Closing Date: Transaction closed as of the press release date (April 8 2025).

Notable Quotes

(No direct quotes were provided in the release.)