Silver Elephant Mining Corp. entered into a definitive asset purchase agreement to acquire Non-core interest in the Robinson-Lasher zinc-germaniumgallium deposit from CleanTech Vanadium Mining Corp. for approximately $1.8 million.

Silver Elephant Mining Corp. (TSX:ELEF) entered into a definitive asset purchase agreement to acquire Non-core interest in the Robinson-Lasher zinc-germaniumgallium deposit from CleanTech Vanadium Mining Corp. (TSXV:CTV) for approximately $1.8 million on June 11, 2026. The consideration consists of $1.255 million in cash, payable in scheduled installments through September 2029, and 6.3 million common equity of Silver Elephant Mining Corp. to be issued for assets of Non-core interest in the Robinson-Lasher zinc-germaniumgallium deposit. Upon closing, CleanTech will hold approximately 9.9% of Silver Elephant.

The transaction is subject to approval of offer by acquirer shareholders, approval by regulatory board / committee and approval of offer by target shareholders. As an additional term, Silver Elephant is required to commit a minimum of $2 million in exploration expenditures on the project.