Silver Elephant Mining Proceeds With Acquisition of Robinson-Lasher Project in Kentucky

03:54 PM EDT, 10/26/2026 (MT Newswires) -- Silver Elephant Mining (ELEF.TO) will proceed with its acquisition of the Robinson-Lasher zinc project in Kentucky from CleanTech Vanadium Mining (CTV.V), the company said on Monday. Silver Elephant will pay $1.26-million cash and issue 6.3-million shares at a deemed price of CA$0.13 each. The company will also commit at least $2 million in exploration expenditure for the project and prepare an independent National Instrument 43-101 technical report. In order to close the transaction and transfer the title of the project, CleanTech must exercise its option to acquire a package of fluorspar mining projects in Kentucky and Illinois which includes the Robinson-Lasher Project, from a third party. Once the conditions of the option agreement are met, title to the Robinson-Lasher Project will transfer to Silver Elephant, a statement said. Silver Elephant shares were last seen down down CA$0.015 at CA$0.15 on the Toronto Stock Exchange. Price: 0.15, Change: -0.02, Percent Change: -9.09