CleanTech Acquires El Triunfo Gold-Antimony Project Bolivia

CleanTech Vanadium Mining Corp. has acquired the rights to the El Triunfo Gold and Antimony Project in Bolivia from Silver Elephant Mining Corp. for CAD 155,000. The project spans approximately 256 hectares near La Paz, Bolivia, and the acquisition was completed through an option assignment agreement. This transaction is a related-party deal since Silver Elephant controls Oracle Commodity Holding Corp., which in turn holds a significant stake in CleanTech, but it is exempt from formal valuation and minority approval requirements due to its size relative to CleanTech’s market capitalization. Silver Elephant is facing financial challenges with no revenue and mounting losses, contributing to a bearish outlook on its stock. CleanTech, focused primarily on critical mineral resources in the USA, is expanding its portfolio into precious metals with this acquisition. The deal strategically positions CleanTech for growth in gold and antimony exploration in Bolivia, while Silver Elephant divests its interest in the project.