STOCK TITAN

Silver Elephant Mining Corp - SILEF STOCK NEWS

Welcome to our dedicated page for Silver Elephant Mining news (Ticker: SILEF), a resource for investors and traders seeking the latest updates and insights on Silver Elephant Mining stock.

Silver Elephant Mining Corp. (SILEF) is a Toronto Stock Exchange-listed Canadian company primarily focusing on mining projects in Mongolia, Bolivia, and Canada. The company's flagship Pulacayo-Paca project in Bolivia has been producing since October 2023. Recently, Silver Elephant has achieved record-breaking monthly mining of Paca oxide materials at high silver grades, trucked to Andean Precious Metals Corp. The company has been expanding its Bolivian activities, becoming a significant employer in the region. With plans to advance towards Paca's phase 2 sulphide production, Silver Elephant is poised for further growth and revenue streams.

Rhea-AI Summary

Silver Elephant Mining announced a record monthly delivery of 20,894 tonnes of Paca oxide materials averaging 194.2 g/t silver in April 2023 to Andean Precious Metals. The company has been increasing its Bolivian activities since October 2023, benefiting from cash-flow from Paca oxide sales. CEO John Lee highlighted that the operation averaged 700 tonnes per day, with a focus on transitioning to phase 2 sulphide production. Silver Elephant plans to deliver up to 800,000 tonnes of Paca oxide materials for US$5-7 million, depending on silver prices. The Paca project hosts significant silver resources as detailed in a 2020 technical report by Mercator Geological Services. The report indicates high-grade silver and additional potential from sulphide resources, promising further revenue streams for the company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
Tags
none
-
Rhea-AI Summary

Silver Elephant Mining Corp. has resumed broker-dealer quotation on the OTC Pink market under the symbol 'SILEF' after voluntary deregistration with the U.S. SEC. The common shares do not trade on a national stock exchange and are not required to be registered.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Silver Elephant Mining Corp. closed the first tranche of its non-brokered private placement, raising $285,000 through the sale of 950,000 units at $0.30 per unit. The proceeds will be used for working capital and general corporate purposes. Certain directors subscribed for 250,000 units. The securities issued are subject to a regulatory hold period until August 30, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.7%
Tags
none
Rhea-AI Summary
Silver Elephant Mining Corp. (SILEF) announces a non-brokered private placement to raise $210,000 through the sale of 700,000 units at $0.30 per unit. Directors to subscribe for up to 495,700 units. Proceeds to be used for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Silver Elephant Mining Corp. announces mining of 51,567 tonnes of Paca oxide materials with an average grade of 165.1 g/t silver from October 2023 to March 2024. The company plans to sell up to 800,000 tonnes of Products to Andean for a total of up to US$7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Silver Elephant Mining Corp. acquires 3,500,000 units of Oracle Commodity Holding Corp. through private placement. The acquisition increases Silver Elephant's ownership interest by 3.56%, with a total purchase price of $175,000. Each unit includes one common share and one share purchase warrant. Silver Elephant now holds 35.82% of the issued and outstanding Oracle Shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Silver Elephant Mining Corp. (SILEF) has rescheduled its annual general meeting to May 1, 2024, due to an extension request granted by the BC Registrar of Companies and the Toronto Stock Exchange. The change in meeting date was necessitated by the Company's switch of auditors and fiscal year end from December 31st to March 31st.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.53%
Tags
none
-
Rhea-AI Summary
Silver Elephant Mining Corp. has filed a Form 15 with the SEC to voluntarily deregister its common shares, citing cost-saving measures. This move will not affect the trading and listing of the company's common shares on the Toronto Stock Exchange. The company's reporting obligations under the Exchange Act are currently suspended, and the termination of its reporting obligations is expected to take effect 90 days after filing the Form 15. Following deregistration, the company intends to upgrade its OTC quotation to a higher tier such as OTCQB or OTCQX in the United States.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Silver Elephant Mining Corp. (TSX: ELEF) (OTC: SILEF) (FSE: 1P2) announces the mining of 30,844 tonnes of Paca oxide materials with an average grade of 162.2 g/t silver, resulting in a sales agreement with Andean Precious Metals Corp. for US$1.8 million by January 31, 2024. The Paca project hosts high-grade silver resources, showcasing operational scalability and future growth potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
Tags
none
Rhea-AI Summary
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQX: SILEF) (FSE: 1P2N) announces the mining of 13,072 tonnes of Paca oxide materials with an average grade of 190.2 g/t silver and the trucking of the products to Andean Precious Metals Corp. The company expects to receive US$1.8 million from Andean by January 31, 2024, or when 36,000 tonnes of products have been delivered. The Paca project hosts a high-grade silver resource, and the company is studying a proposed Phase 2 for Paca sulphide development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of Silver Elephant Mining (SILEF)?

The current stock price of Silver Elephant Mining (SILEF) is $0.168 as of February 20, 2025.

What is the market cap of Silver Elephant Mining (SILEF)?

The market cap of Silver Elephant Mining (SILEF) is approximately 3.9M.

What is Silver Elephant Mining Corp. (SILEF)?

Silver Elephant Mining Corp. is a Toronto Stock Exchange-listed Canadian company focusing on mining projects in Mongolia, Bolivia, and Canada. Their flagship Pulacayo-Paca project in Bolivia has been in production since October 2023.

What recent achievement has Silver Elephant Mining Corp. announced?

Silver Elephant Mining Corp. recently achieved record-breaking monthly mining of Paca oxide materials with high silver grades and trucked the products to Andean Precious Metals Corp. in Bolivia.

How is Silver Elephant Mining Corp. impacting the Bolivian region?

Silver Elephant has become a major employer in the Pulacayo township due to its Bolivian activities and continues to foster development and innovation in the region.

What are the future plans of Silver Elephant Mining Corp.?

Silver Elephant is advancing towards Paca's phase 2 sulphide production, aiming to establish additional revenue streams and further growth opportunities for the company.

Where can I find more information about Silver Elephant Mining Corp.?

For further details and updates on Silver Elephant Mining Corp., visit their official website at www.silverelef.com or contact their Investor Relations team.
Silver Elephant Mining Corp

OTC:SILEF

SILEF Rankings

SILEF Stock Data

3.86M
28.74M
21.99%
Other Industrial Metals & Mining
Basic Materials
Link
Canada
Vancouver