Silver Elephant Mining Corp Stock Price, News & Analysis

Silver Elephant Mining Corp. (SILEF) has reduced its stake in Oracle Commodity Holding Corp. through the sale of 4 million common shares on June 9, 2025, via the TSX Venture Exchange for $100,000. Prior to the sale, Silver Elephant held 36.7M shares (35.30% ownership), and after the transaction, it now holds 32.7M shares, representing 31.45% ownership on a non-diluted basis and 29.28% on a fully diluted basis. This represents a 3.85% reduction in Silver Elephant's shareholdings in Oracle. The company plans to use the proceeds for general working capital purposes and may adjust its Oracle holdings based on market conditions.

Silver Elephant Mining Corp. (SILEF) has announced a non-brokered private placement to raise $200,000 through the sale of 1,000,000 units at $0.20 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.30 per share for three years. Company insiders will participate by subscribing for up to 400,000 units ($80,000). A Finder's Fee of up to 7% in Finder's Units will be payable. The private placement requires TSX approval, and securities will have a four-month plus one-day holding period. Proceeds will be used for general corporate purposes.

Silver Elephant Mining Corp. has reached a significant milestone at its Paca Apuradita Silver Project in Bolivia, accessing the high-grade silver zone through tunnel development. The company has completed 157 meters of horizontal tunneling, encountering strong visual indicators of silver minerals. Current stockpile stands at 150 tonnes and is growing daily. The company plans to sign both toll milling and offtake agreements in June 2025, with mined materials to be processed in Potosí plants. The project targets an extraction rate of 50-100 tonnes per day with calculated average grades of 412 g/t Ag, 1.09% Pb, and 0.38% Zn. Drill hole results show impressive silver grades, including intercepts up to 715 g/t Ag. The operation employs local Bolivian nationals and has received support from local communities.

Silver Elephant Mining Corp. (SILEF) has increased its previously announced non-brokered private placement to CAD696,830. The company will issue 3,871,277 units at CAD0.18 per unit. Each unit includes one common share and one warrant, with warrants exercisable at CAD0.30 for three years. The placement includes participation from company director John Lee (50,000 units for CAD9,000) and major shareholder Ron Motz (450,000 units for CAD81,000). Finder's fees of 193,989 units will be paid. The securities will have a four-month plus one-day holding period, and proceeds will be used for general corporate purposes. The placement requires TSX approval.

Silver Elephant Mining Corp. (SILEF) has announced amendments to 11,676,258 common share purchase warrants, adjusting their exercise price to $0.30 CAD. The amendments will take effect on April 22, 2025, except for insider-held warrants which require shareholder approval.

The warrants, issued between May 2020 and November 2024, originally had exercise prices ranging from $0.45 to $1.60 CAD. Insiders hold 2,726,865 of these warrants, with CEO John Lee holding a significant portion. The new $0.30 exercise price represents a 19.52% premium to the company's five-day volume-weighted average price of $0.217.

The amendments require Toronto Stock Exchange approval and include a limitation on warrant exercise for 10% shareholder Ron Motz, preventing him from acquiring 20% or more of voting rights. This limitation also applies to his 400,000 warrants issued on January 15, 2025.

Silver Elephant Mining Corp. (SILEF) has announced an agreement to assign its rights to the El Triunfo Gold-Antimony Project in Bolivia to CleanTech Vanadium Mining Corp. for CAD 155,000 in cash. The transaction involves transferring Silver Elephant's option to acquire 100% equity in Mururata S.R.L., which owns the Bolivian mining rights.

The El Triunfo Project, located 75km east of La Paz, Bolivia, covers approximately 256 hectares. The deal's closing is contingent on several conditions, including due diligence completion, regulatory approvals, and an amendment to the original Triunfo Option Agreement. CleanTech has provided a refundable deposit of $155,000, returnable if the transaction isn't completed by December 31, 2025.

The transaction is classified as Non-Arm's Length due to overlapping leadership positions between the companies, with several executives and directors serving both entities. Key officers John Lee and Greg Hall declared their interest and abstained from voting on the transaction.

Silver Elephant Mining Corp. (SILEF) is facing challenges with its Mining Production Contract (MPC) in Bolivia after Comibol, the state mining company, issued a Notice of Cancelation in December 2024, alleging illegal mining activities. The company strongly denies these allegations, stating there is no physical evidence and maintaining that all permits were legally valid.

The situation is complicated by Andean Precious Metals Corp., a former customer, entering into a purchase agreement with Comibol for oxide materials from areas within Silver Elephant's MPC territory. This development follows a series of business interactions between the companies, including a terminated Master Services Agreement that resulted in a disputed $1,000,000 payment.

Silver Elephant has filed legal actions, including a Notice of Arbitration for payment and a Notice of Dispute regarding contractual interference. The company is actively pursuing administrative and judicial measures to reinstate the MPC for its 2,803-hectare Pulacayo-Paca Project.

Silver Elephant Mining Corp. (SILEF) announces plans to commence silver production at its Paca Apuradita Silver Project in Bolivia by May 2025. The company has completed 111 meters of a planned 160-meter tunnel development for its underground mining operation, advancing at 2.4 meters per day.

The project's infrastructure is fully operational, including rail transport systems, logistics infrastructure, air compressor systems, and civil works. The planned 100-tonne-per-day operation will utilize shrinkage stoping method across two stopes (30m length x 20m height x 4m width).

The calculated average grade of extracted sulphide materials is 412 g/t Ag, 1.09% Pb, and 0.38% Zn, based on diamond drill holes and internal mine modeling. High-grade intercepts show silver grades ranging from 424 g/t to 715 g/t. The company is finalizing toll milling and concentrate sales agreements, with production expected to begin in May 2025.

Silver Elephant Mining Corp (OTCQB: SILEF) has announced a non-brokered private placement to raise $300,000 through the sale of 1.5 million units at $0.20 per unit. Each unit includes one common share and one share purchase warrant, with warrants exercisable at $0.30 per share for three years.

The placement includes a Finder's Fee of up to 7% cash or Units. A company Director will subscribe for 400,000 units ($80,000), constituting a related party transaction under MI 61-101. The company is exempt from formal valuation and minority shareholder approval requirements as the Director's participation won't exceed 25% of market capitalization.

Securities issued will have a four-month plus one-day regulatory hold period. Proceeds will be used for general corporate purposes, subject to TSX approval.