CleanTech Vanadium Mining Shifts Strategy to Focus on Fluorspar
CleanTech Vanadium Mining is divesting from non-core projects to concentrate on Fluorspar, marked by a deal with Silver Elephant Mining and a new drilling campaign. This strategic pivot could enhance the company's market position and streamline future operations.
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CleanTech Vanadium Mining has finalized a binding asset purchase agreement with Silver Elephant Mining, selling its stake in the Robinson-Lasher Zinc-Germanium-Gallium project in Kentucky. In return, CleanTech will receive approximately 9.9% equity in Silver Elephant and total cash payments of $1.255 million by September 2029, alongside a commitment from Silver Elephant for at least $2 million in exploration expenditures.
Concurrently, CleanTech is initiating a diamond core drilling program at its Campbell-Crotser Fluorspar project, with plans for eight drill holes totaling around 9,000 feet, starting August 1, 2026. A conceptual exploration target of 150,000 to 250,000 tons of raw fluorspar is set, with results expected by January 2027. This strategic focus on Fluorspar could improve CleanTech’s resource base and operational efficiency.
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