CleanTech Provides Update on Robinson-Lasher Asset Sale Transaction

What happened

CleanTech Vanadium Mining Corp. provided an update on its proposed sale of the Robinson-Lasher zinc-germanium-gallium deposit to Silver Elephant Mining Corp., which is not yet final. Under the agreement, Silver Elephant must pay US$1,255,000 in cash over time, and CleanTech received the first US$85,000 payment.

Proposed

Global impact / market context

The sale is not finished: CleanTech gets cash in stages and shares, so its proceeds depend on Silver Elephant meeting each payment and spending requirement. The staged cash reduces upfront money for CleanTech but ties its outcome to the buyer's follow-through.

Analyst inference

Small mining asset sales often use staged payments and shares instead of one lump sum, which shifts risk to the seller. Investors may weigh whether the buyer keeps paying and spending on exploration, since a missed step could delay or change the deal.

Analyst inference

What to watch

1. Silver Elephant must pay a total of US$1,255,000 in a series of cash payments ending on or before September 1, 2029, with US$85,000 already received. Confirmed
2. Silver Elephant must issue 6,300,000 common shares at a deemed price of $0.13 per share, which were issued on October 23, 2026, and no finder's fees are payable. Confirmed
3. The article says Silver Elephant is required to commit at least US$2,000,000 in exploration spending on the project, so watch whether that proposed commitment is met. Proposed

Evidence

• newsfilecorp.com