CleanTech Vanadium updates Robinson-Lasher sale after receiving $85K and 6.3M shares
CleanTech Vanadium Mining has received an $85K first payment and 6.3M Silver Elephant shares under the Robinson-Lasher project sale. Total cash due is $1.255M.
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what happened
CleanTech Vanadium Mining (CTV) said it has received $85K and 6.3M Silver Elephant shares as part of the sale of its Robinson-Lasher project to the buyer. The update was published by newsfilecorp.com.
Under the terms, the buyer must pay a total of $1.255M in cash by September 1, 2029. A minimum exploration spend of $2.0M is also required. The transfer of the asset depends on the exercise of an option that CleanTech has not yet exercised. The deal is a non-arm's length transaction, and approval from disinterested shareholders has been obtained.
why it matters
This is a mid-stage update to a previously announced divestiture, with the initial cash payment now received. Remaining steps include final TSXV approvals, exercise of the option, formal transfer of title and later cash milestones. For the broader market the news is mostly corporate: the amount is small, and the value of the shares received will depend on Silver Elephant's share price.
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sources
- CleanTech Vanadium Mining Corp. (CTV) Updates Robinson-Lasher Sale; Receives $85K, 6.3M Shares — newsfilecorp.com, 26 October 2026 at 19:54 UTC
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