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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.
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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.
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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.
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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.
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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.
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Silver Elephant Mining Corp. has begun mining silver oxide materials and delivering them to Andean Precious Metals Corp. The company has accelerated the timetable for Phase 2 Paca sulphide development, aiming to start mining and trucking materials to milling plants for sale in early 2024.
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Silver Elephant Mining Corp. successfully renews DEIA license for Ulaan Ovoo coal operations.
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Silver Elephant Mining Corp. announces exclusive sales agreement for silver-bearing oxide materials from Paca project in Bolivia
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Silver Elephant Mining Corp. has closed the first tranche of its private placement offering, issuing 639,999 Units for gross proceeds of $192,000. Each Unit consists of one common share and one-half of a share purchase warrant. A finder's fee of $210 was paid, and the Executive Chairman subscribed for 180,000 Units. The securities issued are subject to a regulatory hold period until December 18, 2023. The proceeds will be used for mineral project development and working capital.
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FAQ
What is the current stock price of SILVER ELEPHANT MNG (SILEF)?
The current stock price of SILVER ELEPHANT MNG (SILEF) is $0.25 as of December 20, 2024.
What is the market cap of SILVER ELEPHANT MNG (SILEF)?
The market cap of SILVER ELEPHANT MNG (SILEF) is approximately 11.6M.
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 MNG CORP
OTC:SILEF
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29.51M
22.25%
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