SILVER ELEPHANT MNG CORP - SILEF STOCK NEWS

Silver Elephant Mining Corp. announces the establishment of Battery Metals Royalties Corp., a wholly-owned subsidiary that will hold a 2% royalty on key mining projects, including Minago nickel, Gibellini vanadium, and Pulacayo silver. The royalties only take effect when threshold prices for the respective metals are reached, designed to reduce impact on mine construction. The company aims to leverage the expertise of new management to focus on mining investments and identify opportunities in nickel, vanadium, silver, copper, and gold.

Silver Elephant Mining Corp. has announced a plan of arrangement to spin out its Manitoba-based Minago Nickel project, Nevada-based Gibellini Vanadium project, and certain royalties into separate entities. Shareholders will receive shares in these SpinCos, with expected distributions of one share each for Minago and Gibellini, and two shares for Battery Metals Royalties for each share of Silver Elephant held. The arrangement is anticipated to close in December 2021, subject to approvals. Post-spin-out, Silver Elephant will manage its Pulacayo silver and El Triunfo gold-silver projects while Battery Metals Royalties targets mining investments.

Silver Elephant Mining Corp. (TSX:ELEF)(OTCQX:SILEF) has filed an independent Technical Report on the Minago Nickel Project, dated August 20, 2021, with an effective date of July 2, 2021. The report, prepared by Mercator Geological Services Limited and supported by AGP Mining Consultants and Stantec Consulting, has been filed on the System for Electronic Document Analysis and Retrieval. The Company continues to position itself as a leader in battery metals mining.

Silver Elephant Mining Corp (TSX: ELEF, OTCQX: SILEF) will hold a live presentation at VirtualInvestorConferences.com on July 27, 2021, at 2 PM ET. The presentation will feature Ron Espell and Danniel Oosterman, who will engage with investors in real time. Recently, the company reported a nickel resource estimate of 722 million pounds at the Minago project in Manitoba. They are also updating a preliminary economic assessment for the Gibellini vanadium project in Nevada. Archived access will be available post-event.

Silver Elephant Mining Corp. has filed an early warning report following the disposition of 8,061,000 common shares of Victory Nickel Inc. between July 14 and July 19, 2021, at an average price of $0.0168, totaling approximately $135,435. After this sale, Silver Elephant holds 17,222,000 shares, equating to 12.46% of Victory Nickel's issued shares. The shares were acquired for investment purposes, with intentions to adjust holdings as deemed appropriate. Both companies have a voting trust agreement regarding these shares.

Silver Elephant Mining Corp. has appointed Dr. Peter C. Lightfoot as a technical advisor for its Minago nickel project in Canada's Thompson nickel belt. Dr. Lightfoot, a seasoned geologist with over 20 years of experience in nickel exploration, is expected to enhance the project's exploration and evaluation efforts. The Minago project holds significant resources, with a mineral resource estimate indicating 722 million lbs of nickel (measured and indicated) and 319 million lbs (inferred). The project has attracted over $40 million in investments since the 2000s.

Silver Elephant Mining Corp. (OTCQX:SILEF) provided an update on its Minago Nickel Project in Manitoba. The company is working with Manitoba's government to finalize a Notice of Alteration (NOA) related to the tailings management area, crucial for updating its Environment Act License by year-end 2021. The project has a measured and indicated resource of 722 million lbs of nickel. Additionally, Silver Elephant is pursuing low-carbon mining initiatives, aiming to utilize renewable energy sources and an electric fleet to minimize environmental impact.

Silver Elephant Mining Corp. has released a new mineral resource estimate for its 100% owned Minago Nickel Project in Manitoba, effective July 2, 2021. The estimate indicates a Measured and Indicated resource of 722 million lbs of contained nickel, with an Inferred resource of 319 million lbs. The project has seen over $40 million in investments from various parties since 2000. The MRE was conducted by independent firms and adheres to CIM standards. Future plans include drilling to expand resources and a feasibility study to assess economic viability.

Silver Elephant Mining Corp. has received TSX approval to extend its Annual General Meeting (AGM), now scheduled for September 10, 2021, at 9:30 a.m. (EDT). The company focuses on silver mining and exploration, emphasizing its commitment to corporate governance and shareholder engagement. The announcement is part of Silver Elephant's ongoing efforts to align its operations with market expectations and regulatory requirements.