Silver Elephant Transfers El Triunfo Project Rights to CleanTech

An update from Silver Elephant Mining ( (TSE:ELEF) ) is now available.

Silver Elephant Mining Corp. has transferred its rights to the El Triunfo Gold and Antimony Project in Bolivia to CleanTech Vanadium Mining Corp. This transaction, valued at CAD 155,000, involves an option to purchase the project, which spans 256 hectares near La Paz, Bolivia. The deal highlights the interconnectedness of the two companies, with Silver Elephant being a control person of Oracle Commodity Holding Corp., a major shareholder in CleanTech. The transaction is exempt from certain regulatory requirements due to its valuation relative to CleanTech’s market capitalization.

Spark’s Take on TSE:ELEF Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELEF is a Underperform.

Silver Elephant Mining faces significant financial challenges with zero revenue and mounting losses, which heavily impact its overall stock score. Technical analysis shows some short-term stability but a longer-term bearish trend. Valuation concerns due to a negative P/E ratio and lack of dividends further weigh on the score. Mixed corporate events add complexity, with financial initiatives slightly balancing operational setbacks. Overall, the stock presents high risk with limited immediate upside.

To see Spark’s full report on TSE:ELEF stock, click here.

More about Silver Elephant Mining

Silver Elephant Mining Corp. is a mineral exploration company with precious metal projects in Bolivia. CleanTech Vanadium Mining Corp. is an exploration-stage mining company focused on critical mineral resources in the USA, owning interests in the Gibellini Vanadium Mine Project in Nevada and the Campbell Crotser Fluorspar Project in Kentucky.

Average Trading Volume: 101,977

Technical Sentiment Signal: Sell

Current Market Cap: C$6.55M

For an in-depth examination of ELEF stock, go to TipRanks’ Overview page.