The TSX Venture Exchange has accepted for filing documentation relating to an asset purchase agreement dated June 11, 2026, among Silver Elephant Mining Corp. (the purchaser), CleanTech Vanadium Mining Corp. and its wholly owned subsidiary, U.S. Fluorspar LLC (the vendor). Pursuant to the terms of the agreement, the purchaser will acquire from the vendor all of the vendor's right, title, and interest in and to the Robinson-Lasher property, located in Livingston county, Kentucky, United States. In consideration, the purchaser paid $85,000 (U.S.) and has issued 6.3 million common shares at a deemed price of 13 cents per share on closing, and will pay additional aggregate cash consideration of $1.17-million (U.S.) to the company in scheduled instalments ending on or before Sept. 1, 2029. In addition, the purchaser is required to commit a minimum of $2-million (U.S.) in exploration expenditures on the property and complete an independent National Instrument 43-101 technical report. The Robinson-Lasher project title will be transferred to the purchaser upon the company fulfilling the OTP terms and the purchaser fulfilling the transaction terms. The property interest is subject to an existing 2-per-cent net smelter return royalty in favor of Oracle Commodity Holding Corp.

The transaction is non arm's length in nature, and no finders' fees are payable.

For further details, please refer to the company's news releases dated June 12, 2026, Sept. 14, 2026, and Oct. 26, 2026.