Core Insights - CleanTech Vanadium Mining Corp. has identified multiple occurrences of antimony in drill core from the El Triunfo Project in Bolivia, with some assays showing grades over 1% [1][2][6] - The price of antimony has surged to over US$40,000 per ton in 2025, representing a 250% increase since January 2024, driven by China's export restrictions on critical minerals [7][8] - Bolivia contributes approximately 3,000 metric tons of antimony annually, accounting for about 3.6% of global supply, while China dominates the market with around 50% of total production [8] Company Developments - CleanTech has entered into an Option Assignment Agreement with Silver Elephant Mining Corp. to acquire 100% of the equity interests in Mururata S.R.L., which owns the El Triunfo Project [9][10] - The transaction is subject to due diligence, regulatory approvals, and the execution of an amendment to the Triunfo Option Agreement [10] Drilling Results - The drilling program at the Triunfo Project has shown significant antimony mineralization, with Hole TR010 containing a 1.2-meter intersection grading over 1% antimony [2][3][4] - The company plans to continue evaluating the potential of the Triunfo Project by reviewing and assaying prior historic drill core [6] Market Context - Antimony is essential for various applications, including flame retardants, lead-acid batteries, and industrial alloys, which are critical for energy storage and defense sectors [7] - The global annual antimony production was approximately 83,000 metric tons in 2023, with the U.S. relying entirely on imports to meet its requirements [8] Geographical and Geological Context - The Triunfo Project is located in Bolivia's Cordillera Real, an area known for its complex geology and hydrothermal mineral deposits [18] - Nearby mineralized zones include the Illimani Zone and the Palca Zone, which host various mineral resources [19][20]
CleanTech Highlights Antimony at El Triunfo Project in Bolivia, Drill Core Assays Up to 1% Antimony