Cleantech Acquires Rights to El Triunfo Gold-Antimo ny Project in Bolivia from Silver Elephant
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Cleantech Acquires Rights to El Triunfo Gold-Antimo ny
Project in Bolivia from Silver Elephant
VANCOUVER, British Columbia, August 6, 2025 – Silver Elephant Mining Corp. (TSX: ELEF,
OTCQB:SILEF, Frankfurt:1P2) (“ Silver Elephant ”) and CleanTech Vanadium Mining Corp. (TSX-
V: CTV; OTCQB: CTVFF; Frankfurt: C9R) (“ CleanTech ”) are pleased to announce that, further
to their joint press release dated April 8, 2025, t hey 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, ab out 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 ent ered into an option assignment agreement
pursuant to which Silver Elephant assigned its righ ts 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 100% of the equity inte rests in the capital of Mururata S.R.L., a
commercial society existing pursuant to the laws of Bolivia that owns certain Bolivian mining rights
that comprise the Triunfo Project, to CleanTech in consideration for the payment of CAD 155,000
in cash (the “ Transaction ”).
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 Sil ver 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 c onsideration paid for the Transaction does
not exceed 25% of CleanTech’s market capitalization (using a listed share price of $0.045 as of
market close on August 5, 2025, and an listed share out of 143,376,716, the market capitalization
of CleanTech on August 5, 2025, is approximately $6,451,952).
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 www.silverelef.com .
About CleanTech Vanadium Mining Corp.
CleanTech is an exploration-stage mining company focused on critical mineral resources in the
USA. CleanTech owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada and
an option to acquire a 100% interest in the Campbell Crotser Fluorspar Project in Kentucky.
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Further information on CleanTech can be found at www.cleantechvanadium.com .
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
www.silverelef.com
CLEANTECH VANADIUM MINING CORP.
ON BEHALF OF THE BOARD
“Masateru Igata”
Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
www.cleantechvanadium.com
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 Disclaime rs
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” unde r
applicable Canadian and United States securities la ws. 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 Eleph ant and CleanTech, certain information contained he rein
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” an d other similar words, or statements that certain e vents or
conditions “may”, “should” or “will” occur.
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Although each of Silver Elephant and CleanTech has attempted to identify important factors that could
cause actual actions, events or results to differ m aterially 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 f rom those anticipated in such statements. Neither S ilver
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 a nd 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.