Core Insights - CleanTech Vanadium Mining Corp. has identified multiple occurrences of antimony in drill core from the El Triunfo gold and antimony project in Bolivia, indicating potential for further exploration and development [1][5][8] - The company observed significant antimony mineralization in nine diamond-drill holes, with notable intersections exceeding 1% antimony [2][3][4] - Antimony prices have surged to over US$40,000 per ton in 2025, reflecting a 250% increase since January 2024, driven by China's export restrictions on critical minerals [5][6][7] Company Developments - CleanTech has entered into an Option Assignment Agreement with Silver Elephant Mining Corp. to acquire rights to the El Triunfo Project, contingent upon due diligence and regulatory approvals [8][9] - The company is optimistic about the project's potential to meet increasing demand in sectors such as energy storage and industrial manufacturing [5][6] Industry Context - Antimony is essential for various applications, including flame retardants and lead-acid batteries, with global production around 83,000 metric tons in 2023, predominantly supplied by China [6][7] - Bolivia contributes approximately 3,000 metric tons annually, representing about 3.6% of global supply, highlighting its strategic importance in the antimony market [7][8]
CleanTech clarifies technical disclosure on the El Triunfo Gold-Antimony Project in Bolivia