Latest news with #TriunfoProject
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
Globe and Mail
17-04-2025
- Business
- Globe and Mail
CleanTech clarifies technical disclosure on the El Triunfo Gold-Antimony Project in Bolivia
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the"Company") is pleased to announce that it has identified multiple occurrences of antimony in select drill core from the El Triunfo gold and antimony project (the "Triunfo Project") located 75 km east of La Paz city, Bolivia. While conducting due diligence on the Triunfo Project drillhole database, the Company observed several intervals of antimony mineralization from nine inspected diamond-drill-holes recently drilled in 2020 and 2022. The assays of the drill holes are tabulated below. All nine drill holes contained several intersections of antimony grading higher than 0.1%. Hole TR010 contained 1.2-meter intersection grading over 1% antimony. The Company is highly encouraged by the antimony results and will continue to evaluate this potential by reviewing and assaying prior historic drill core. The Company is optimistic about exploring Triunfo Project's potential to meet the increasing demand in critical sectors like energy storage, military and industrial alloy manufacturing. Antimony price has reached over US$40,000 per ton in 2025 representing over a 250% increase since January 2024 according to S&P Global [1]. This surge follows China's announcement on January 1, 2025, restricting antimony exports to the United States as part of broader controls on critical minerals, including antimony, gallium, and germanium. Antimony is a crucial material in flame retardants, lead-acid batteries, ammunition, and various metal alloys critical for industrial and defense applications. According to the U.S. Geological Survey [2], global annual antimony production was approximately 83,000 metric tons in 2023. China currently dominates global antimony supply, accounting for around 50% of total production and most of the world's exports. The United States currently has no domestic antimony production and relies entirely on imports to meet its antimony requirements. Bolivia produces approximately 3,000 metric tons of antimony annually, accounting for about 3.6% of global supply according to USGS. About the El Triunfo Project: CleanTech entered into an Option Assignment Agreement with Silver Elephant Mining Corp. (" Silver Elephant") on April 8, 2025 pursuant to which Silver Elephant proposes to assign its rights to an option agreement dated July 10, 2020 (the " Triunfo Option Agreement") 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, which owns certain Bolivian mining rights that comprise the El Triunfo Project to CleanTech in consideration for the payment of CAD 155,000 in cash (the " Transaction"). Closing of the Transaction is subject to the satisfaction of certain conditions precedent thereto including, without limitation, satisfactory completion of due diligence in respect of the Triunfo Project by CleanTech, the receipt of the requisite regulatory and stock exchange approvals by each of Silver Elephant and CleanTech, and the execution of an amendment to the Triunfo Option Agreement in form and substance acceptable to CleanTech. CleanTech paid Silver Elephant a refundable deposit in the amount of $155,000 which deposit shall be repaid in the event the Transaction is not completed by December 31, 2025 or if the Triunfo Option Assignment Agreement is otherwise terminated. Triunfo Project drilling results (drilling conducted by Silver Elephant): Triunfo Project 2020 Drill Program Significant Gold Intervals Hole ID From To Width True Width Au Ag Zn Pb (m) (m) (m) (m) (g/t) (g/t) (%) (%) TR004 14.00 15.00 1.00 0.77 0.24 18.85 0.21 0.65 17.00 18.00 1.00 0.77 0.74 2.21 0.03 0.04 71.00 74.00 3.00 2.30 1.11 5.01 0.00 0.00 TR005 61.00 62.00 1.00 0.94 0.59 8.00 0.00 0.01 122.00 124.00 2.00 1.88 0.50 2.29 0.01 0.02 TR006 5.00 6.00 1.00 0.94 0.73 3.19 0.10 0.13 20.00 21.00 1.00 0.94 0.15 11.10 0.35 0.29 40.00 76.00 36.00 33.83 0.49 15.46 0.54 0.44 including… 58.00 72.00 14.00 13.15 0.48 20.23 0.76 0.66 TR006 94.50 101.50 7.00 6.58 0.56 23.21 0.82 0.56 106.50 107.40 0.80 0.75 0.32 12.70 0.25 0.01 120.00 121.00 1.00 0.94 0.07 15.90 0.50 0.67 142.80 143.30 0.50 0.47 0.60 0.43 0.00 0.00 190.00 191.30 1.30 1.22 0.72 89.58 2.07 0.16 TR007 13.00 111.90 98.90 85.65 0.37 22.71 0.74 0.58 including… 63.00 111.90 48.90 42.35 0.42 35.49 1.17 0.83 TR007 118.50 119.50 1.00 0.87 0.03 4.55 0.17 0.53 121.50 122.50 1.00 0.87 0.30 3.69 0.07 0.46 125.50 126.30 0.80 0.69 0.56 3.18 0.09 0.03 179.00 181.00 2.00 1.73 1.05 1.38 0.01 0.01 185.60 186.20 0.60 0.52 0.44 5.69 0.02 0.01 196.00 197.00 1.00 0.87 0.74 1.46 0.00 0.00 TR008 6.80 84.00 77.30 72.63 0.31 17.65 0.57 0.53 including… 45.00 51.40 6.40 6.01 1.60 56.49 1.66 0.94 TR008 138.10 139.10 1.00 0.94 0.71 0.90 0.01 0.00 149.00 151.00 2.00 1.88 0.10 22.73 0.78 0.03 156.00 157.00 1.00 0.94 0.74 1.33 0.02 0.01 183.00 183.60 0.60 0.56 1.65 2.62 0.02 0.01 231.60 232.60 1.00 0.94 0.41 4.50 0.00 0.00 247.50 250.00 2.50 2.35 1.64 35.99 0.00 0.00 257.00 258.00 1.00 0.94 0.78 2.15 0.00 0.00 Triunfo Project 2022 Drill Program Significant Gold Intervals Hole ID From To Width True Width Au Ag Pb Zn (m) (m) (m) (m) (g/t) (g/t) (%) (%) TR009 3.00 250.00 247.00 223.86 0.20 8.10 0.17 0.14 incl… 46.00 47.00 1.00 0.91 0.40 1.70 0.01 0.00 …and 109.00 115.00 6.00 5.44 0.50 1.90 0.02 0.00 …and 137.00 138.00 1.00 0.91 0.40 18.30 0.70 0.14 …and 154.00 156.00 2.00 1.81 0.20 211.00 0.84 0.24 …and 164.00 178.00 14.00 12.69 0.80 65.00 1.74 1.44 …and 193.00 197.00 4.00 3.63 1.20 2.10 0.04 0.01 …and 232.00 236.00 4.00 3.63 2.40 12.90 0.19 0.04 TR010 7.00 52.00 45.00 38.97 0.30 8.70 0.58 0.40 incl… 24.00 25.00 1.00 0.87 1.80 27.00 0.81 1.25 …and 39.60 40.80 1.20 1.04 2.40 61.40 10.80 2.98 TR010 144.00 151.00 7.00 6.06 0.40 2.40 0.00 0.00 TR010 190.00 192.00 2.00 1.73 0.90 4.60 0.05 0.03 TR010 219.00 221.00 2.00 1.73 0.60 5.30 0.01 0.04 TR010 237.00 245.00 8.00 6.93 0.40 4.50 0.04 0.04 incl… 241.00 243.00 2.00 1.73 1.10 5.00 0.01 0.01 TR010 290.00 291.00 1.00 0.87 0.30 95.30 1.96 0.20 TR011 2.00 300.10 298.10 258.15 0.06 2.80 0.06 0.05 incl… 195.00 242.00 47.00 40.70 0.18 12.90 0.31 0.22 …and 197.00 201.00 4.00 3.46 0.34 46.00 1.16 0.78 …and 198.00 200.00 2.00 1.73 0.49 80.90 2.04 1.29 …and 210.00 214.00 4.00 3.46 0.42 16.60 0.50 0.44 …and 218.00 219.00 1.00 0.87 1.39 75.00 1.82 2.35 …and 229.00 230.00 1.00 0.87 0.10 99.70 1.41 0.02 TR012 164.00 164.50 0.50 0.35 1.04 61.40 1.87 0.84 …and 177.00 179.00 2.00 1.41 0.94 11.40 0.30 0.21 …and 184.00 187.50 3.50 2.47 0.32 21.70 0.67 0.28 …and 195.00 196.00 1.00 0.71 0.34 44.60 1.15 3.04 …and 201.00 203.00 2.00 1.41 1.50 18.80 0.52 0.32 …and 234.00 236.00 2.00 1.41 1.54 12.10 0.47 0.76 TR013 64.30 90.00 25.70 18.17 0.32 22.20 0.73 0.48 incl… 64.30 65.00 0.70 0.49 0.52 18.50 0.54 0.72 …and 75.00 83.00 8.00 5.66 0.76 41.10 1.45 0.98 …and 84.00 86.60 2.60 1.84 0.13 70.30 1.72 0.68 …and 286.00 290.00 4.00 2.83 0.41 9.40 0.31 0.77 Triunfo Project Drillholes Location HOLE_ID E_UTM N_UTM ELEVATION AZIMUTH DIP TOTAL DEPTH (m) (m) TR004 623424 8169608 4504.0 20.0 -50.0 150.0 TR005 623539 8169656 4518.0 200.0 -70.0 201.0 TR006 623869 8169669 4505.0 180.0 -70.0 201.0 TR007 623752 8169714 4536.0 180.0 -60.0 204.0 TR008 623654 8169712 4575.0 184.0 -70.0 261.4 TR009 623889 8169707 4518.0 205.0 -65.0 250.0 TR010 623519 8169724 4551.0 210.0 -60.0 296.0 TR011 624693 8169502 4560.0 200.0 60.0 300.1 TR012 624825 8169480 4578.0 180.0 45.0 300.0 TR013 625344 8169214 4501.0 190.0 -45.0 329.0 Triunfo Project Drillholes Map To view an enhanced version of this graphic, please visit: Location & Geology The Triunfo Project lies within Bolivia's Cordillera Real, an area with complex geology including Paleozoic metamorphic and igneous formations. This region has experienced multiple tectonic and orogenic (mountain-building) events, creating fractures and faults that host hydrothermal mineral deposits. QA/QC A Quality Assurance and Quality Control (QA/QC) program consistent with industry standards was implemented during the various drilling campaigns. The procedure involved cutting the core in half and sampling one half, with each sample weighing between 6 and 10 kg. All core and other samples were split, bagged, labeled, and shipped directly to the laboratory. The laboratory used for analysis was ALS Global, with sample preparation protocol PREP-31, and assays requested for silver (Ag) and 41 elements using the ME-ICP41 method. The remaining 50% of the split sample is securely stored at a dedicated facility. Sample preparation is carried out at the ALS Global laboratory in Oruro, Bolivia, and the analyses are performed at the ALS Global laboratories in Peru or Canada. Standards and blanks were inserted at regular intervals within each sample batch prior to shipment to the laboratory. These accounted for between 3% and 5% of the analyzed material, depending on the phase of the drilling campaign. Qualified Person The technical contents of this news release have been prepared under the supervision of Carlos Zamora,is a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024. Mr. Zamora is an independent qualified person as defined by National Instrument 43-101. About CleanTech Vanadium Mining Corp. CleanTech is an exploration-stage mining company focused on critical mineral resources. The Company owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada, United States and has the right to acquire the El Triunfo gold-antimony project in Bolivia. Further information on CleanTech can be found at 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 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 CleanTech'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 releases includes: the forward looking market data relating to antimony,that all conditions precedent to the Transaction will be met and the realization of the anticipated benefits derived therefrom for shareholders of each of CleanTech and perception of (i) the quality and the potential of the El Triunfo Project, (ii) the consideration offered by CleanTech for the El Triunfo Project, and (iii) the potential of CleanTech's businesses following completion of the Transaction. Forward-looking statements are based on the opinions and estimates of management of CleanTech at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of CleanTech, there is no assurance they will prove to be correct and are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee 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 information, including but not limited to: changes in operating plans; ability to secure sufficient financing to advance the Company's project; conditions impacting the Company's ability to mine at the project, such as unfavorable weather conditions, development of a mine plan, maintaining existing permits and receiving any new permits required for the project, and other conditions impacting mining generally; maintaining cordial business relations with strategic partners and contractual counter-parties; meeting regulatory requirements and changes thereto; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; political risk in the jurisdictions where the Company's projects are located; commodity price variation; and general market, industry and economic conditions. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis and annual information form (AIF), available 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
Yahoo
08-04-2025
- Business
- Yahoo
CleanTech To Acquire Rights to El Triunfo Gold-Antimony Project in Bolivia from Silver Elephant
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") and CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech") are pleased to announce that they have entered into an option assignment agreement (the "Option Assignment Agreement") pursuant to which Silver Elephant proposes to assign its rights in and to an option agreement dated July 10, 2020 (the "Triunfo Option Agreement") pursuant to which, among other things, 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, which owns certain Bolivian mining rights that comprise the El Triunfo Gold and Antimony Project (the "Triunfo Project") to CleanTech in consideration for the payment of CAD 155,000 in cash (the "Transaction"). Closing of the Transaction is subject to the satisfaction of certain conditions precedent thereto including, without limitation, satisfactory completion of due diligence in respect of the Triunfo Project by CleanTech, the receipt of the requisite regulatory and stock exchange approvals by each of Silver Elephant and CleanTech, and the execution of an amendment to the Triunfo Option Agreement in form and substance acceptable to CleanTech. CleanTech has provided Silver Elephant with a refundable deposit in the amount of $155,000 which such deposit shall be repaid in the event the Transaction is not completed by December 31, 2025 or if the Option Assignment Agreement is otherwise terminated. For purposes of Policy 5.3 of the TSX Venture Exchange, the Transaction is Non-Arm's Length as John Lee is a Director and Chief Executive Officer of Silver Elephant and CleanTech, Greg Hall is a Director of Silver Elephant and CleanTech, Andrew Yao is the Chief Financial Officer of Silver Elephant and CleanTech, Sara Knappe is the Corporate Secretary of Silver Elephant and CleanTech and Alex Bayer is the Chief Legal Officer of Silver Elephant and CleanTech. Both Mr. Lee and Mr. Hall declared their interest and abstained from voting on the Transaction. The Triunfo Project is a Gold-Antimony 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. 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 vanadium and critical mineral resources. The Company owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada, United States. Further information on CleanTech can be found at SILVER ELEPHANT MINING 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 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. Completion of the Transaction is subject to a number of conditions, including but not limited to, completion of due diligence by CleanTech, regulatory and stock exchange acceptance, and execution of an amendment to the Triunfo Option Agreement. Where applicable, the Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Trading in the securities of each of Silver Elephant and CleanTech should be considered highly speculative. Neither the Toronto Stock Exchange nor the TSX Venture Exchange has in any way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release. 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, the composition of consideration for the Transaction, the terms of the Transaction and the closing of the Transaction (including the timing thereof), and the ability of each of Silver Elephant and CleanTech to obtain the requisite stock exchange, regulatory and other approvals in connection with 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, including, without limitation, that all conditions precedent to the Transaction will be met and the realization of the anticipated benefits derived therefrom for shareholders of each of Silver Elephant and CleanTech and perception of (i) the quality and the potential of the Project, (ii) the consideration offered to CleanTech by Silver Elephant for the Project, and (iii) the potential of each of Silver Elephant's and CleanTech's businesses following completion of the Transaction. Forward-looking statements are based on the opinions and estimates of management of each of Silver Elephant and CleanTech at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Silver Elephant and CleanTech, there is no assurance they will prove to be correct and are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions; cash flow and availability of financing; the ability of each of Silver Elephant and CleanTech to obtain the requisite stock exchange, regulatory and other third party approvals; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for metals; fluctuating commodity prices and currency exchange rates; the possibility of project cost overruns or unanticipated costs and expenses; labour disputes and other risks of the mining industry. These factors are discussed in greater detail in CleanTech's and Silver Elephant's most recent MD&As filed on SEDAR+ at which also provide additional general assumptions in connection with these statements. Each of Silver Elephant and CleanTech cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements contained herein should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Each of Silver Elephant and CleanTech believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. 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 Sign in to access your portfolio
