Cleantech, Silver Elephant close El Triunfo option deal

Executive Summary

• Cleantech Vanadium Mining Corp. closed an option‑assignment transaction with Silver Elephant Mining Corp., acquiring the rights to the El Triunfo gold‑antimony project in Bolivia.
• The consideration paid was $155,000 cash; the transaction represents less than 25 % of Cleantech’s market capitalization, allowing reliance on TSX‑V exemption provisions.
• Both parties are related persons under MI 61‑101, with Oracle Commodity Holding Corp. holding significant shares in each company.

Key Details

• Transaction Structure: Option assignment – Silver Elephant transferred its option (originally dated July 10 2020) to acquire 100 % of Mururata SRL (owner of the El Triunfo project) to Cleantech.
• Consideration Paid: $155,000 cash paid by Cleantech to Silver Elephant.
• Project Description: El Triunfo gold‑antimony project located in La Paz Department, Bolivia; ~256 ha; approx. 75 km east of the capital city.
• Related Party Status: Oracle Commodity Holding Corp. is a control person of Cleantech (42,799,502 shares) and Silver Elephant is a control person of Oracle (28,793,110 shares). Both companies are related parties under MI 61‑101.
• Regulatory Exemption: Transaction valued at < 25 % of Cleantech’s market cap (≈$6.45 M based on $0.045/share and 143,376,716 shares), permitting exemption from formal valuation and minority approval per MI 61‑10 and TSX‑V Policy 5.9.
• Previous Announcement: The deal was initially announced in a joint press release dated April 8 2025; this release confirms closing of the transaction.

Notable Quotes

(No direct quotes were provided in the release.)