Latest news with #SilverElephant
Yahoo
07-08-2025
- Business
- Yahoo
Cleantech acquires rights to Bolivian gold-antimony project from Silver Elephant
CleanTech Vanadium Mining has finalised the acquisition of rights to the El Triunfo gold and antimony project in Bolivia from Silver Elephant Mining for C$155,000 ($112,430) in cash. Located near the capital city of La Paz, the project covers an area of approximately 256 hectares (ha). On 8 April 2025, the two companies entered into an agreement allowing CleanTech to take over Silver Elephant's rights to purchase 100% equity interests in Mururata, which owns the mining rights to the Triunfo Project. Oracle Commodity Holding, a major shareholder in CleanTech, is also significantly owned by Silver Elephant, establishing a related-party relationship between the companies under Multilateral Instrument 61-101. The transaction's value does not exceed 25% of CleanTech's market capitalisation, which was approximately C$6.45m as of 5 August 2025, allowing CleanTech to utilise exemptions from formal valuation and minority approval requirements. Silver Elephant's exploration efforts at El Triunfo have yielded positive results, with the initial drilling in 2020 uncovering 49m at 0.42 grams per tonne (g/t) of gold, 35g/t silver, 1.2% zinc and 0.8% lead. The mineralisation at El Triunfo is hosted in meta-sediments dating back to the Silurian and Devonian periods. These meta-sediments have been intruded by plutonic batholiths, which are believed to be related to the mineralising events. This type of mineralisation is not uncommon in Bolivia, with similar occurrences found at Cerro Rico and Porco. The maiden drill programme conducted by Silver Elephant has confirmed the mineralisation's broad continuity, spanning at least 225m in strike and remaining open beyond 100m depth in both east and west directions. The mineralisation is primarily found in altered black shales, featuring hydrothermal sheeted quartz-carbonate vein sets concentrated along regional anticlinal fold structures. "Cleantech acquires rights to Bolivian gold-antimony project from Silver Elephant " was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 登入存取你的投資組合
Yahoo
06-08-2025
- Business
- Yahoo
CleanTech Acquires Rights to El Triunfo Gold-Antimony Project in Bolivia from Silver Elephant
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 100% of the equity interests 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 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 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 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. 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. 101info@ CLEANTECH VANADIUM MINING CORP. ON BEHALF OF THE BOARD "Masateru Igata"Director For more information about CleanTech, please contact: Phone: 1.877.664.2535info@ 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
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Silver Elephant Closes First Tranche of Non-Brokered Private Placement raising Gross Proceeds of $172,000
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the " Company") announces that, further to its news releases dated June 11, 2025, it has closed the first tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of $172,000 through the sale of 860,000 units (the "Units") at a price of $0.20 per unit. Each Unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant") with each warrant entitling the holder to purchase one additional Share at a price of $0.30 per Share for a period of three years from issuance. Finder's Fees of 33,250 Finder's Units were paid with each Finder's Unit consisting of one Share and one Warrant. John Lee, a Director of the Company subscribed for 150,000 Units for gross proceeds of $30,000 and Ron Motz, a shareholder holding more than 10% of the Company's common shares, subscribed for 200,000 Units for gross proceeds of $40,000. The issuance of Units to Mr. Lee and Mr. Motz are considered related party transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that Mr. Lee's and Mr. Motz's participation in the Private Placement did not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction. The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. Proceeds of the Private Placement are expected to be used for general corporate purposes. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of that jurisdiction. About Silver Elephant Mining Corp. Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia. Further information on Silver Elephant 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: +1.604.569.3661 info@ FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at
Yahoo
12-06-2025
- Business
- Yahoo
Silver Elephant Increases Previously Announced Non-Brokered Private Placement to $220,000
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it proposes to amend the terms of the non-brokered private placement (the "Private Placement") announced earlier today. The Private Placement will be increased to raise gross proceeds of $220,000 through the sale of 1,100,000 units (the "Units") at a price of $0.20 per unit. Each unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant") with each warrant entitling the holder to purchase one additional Share at a price of $0.30 per Share for a period of three years from issuance. A Finder's Fees of up to 7% Finder's Units may be payable. Each Finder's Unit will consist of one common share of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.30 per share for three years. Company insiders will be subscribing for up to 600,000 Units for gross proceeds of up to $120,000. The issuance of Units to the insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insiders' participation in the Private Placement will not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction. The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. Proceeds of the Private Placement are expected to be used for general corporate purposes. The Private Placement is subject to approval by the Toronto Stock Exchange ("TSX"). About Silver Elephant Mining Corp. Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia. Further information on Silver Elephant 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:+1.604.569.3661 info@ FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Silver Elephant Increases Previously Announced Non-Brokered Private Placement to $220,000
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it proposes to amend the terms of the non-brokered private placement (the "Private Placement") announced earlier today. The Private Placement will be increased to raise gross proceeds of $220,000 through the sale of 1,100,000 units (the "Units") at a price of $0.20 per unit. Each unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant") with each warrant entitling the holder to purchase one additional Share at a price of $0.30 per Share for a period of three years from issuance. A Finder's Fees of up to 7% Finder's Units may be payable. Each Finder's Unit will consist of one common share of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.30 per share for three years. Company insiders will be subscribing for up to 600,000 Units for gross proceeds of up to $120,000. The issuance of Units to the insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insiders' participation in the Private Placement will not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction. The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. Proceeds of the Private Placement are expected to be used for general corporate purposes. The Private Placement is subject to approval by the Toronto Stock Exchange ("TSX"). About Silver Elephant Mining Corp. Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia. Further information on Silver Elephant 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:+1.604.569.3661 info@ FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR+ at Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws. 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