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Silver Elephant Mining Corp. reports on silver mining, development and exploration activity tied to its Apuradita/Paca Apuradita operation in Bolivia. Company updates center on underground mining, trucking of silver-bearing material to toll-mill facilities, production and sale of silver-lead concentrate, and sampling or development work that defines additional mineralized zones.
Recurring corporate news also includes non-brokered private placements, common-share and warrant issuances, related-party participation under Canadian securities rules, working-capital uses, and early warning disclosures tied to holdings in Oracle Commodity Holding Corp.
Silver Elephant Mining (SILEF) announced a non-brokered private placement to raise gross proceeds of $840,000 through the sale of 7,000,000 units at $0.12 per unit.
Each unit includes one common share and one warrant exercisable at $0.16 per share for three years. Finder’s fees of up to 7% in Finder’s Units may be paid, with each Finder’s Unit comprising one share and one non-transferable warrant at the same exercise price and term. Insiders are expected to subscribe for up to 2,000,000 units for gross proceeds of up to $240,000, which is characterized as a related party transaction under MI 61-101.
The company expects to rely on exemptions from minority approval and formal valuation requirements as the insider portion is not anticipated to exceed 25% of market capitalization. Securities will be subject to a hold period of four months plus one day, and the placement is primarily for general working capital and remains subject to Toronto Stock Exchange approval.
Silver Elephant (OTCQB: SILEF) reported that its Apuradita silver project in Bolivia produced and sold three silver‑lead concentrate batches in 2026, generating approximately US$1.4 million in cash proceeds. The batches, totaling 84.7 dry tonnes of concentrate, contained 24,538 oz of silver and 20 tonnes of lead.
Feed to the toll mill was 4,547 tonnes of mineralized material grading an average 297 g/t silver and 0.9% lead. Concentrate silver grades rose from 5,916 g/t in the first batch to 11,577 g/t (provisional) in the third, with lead grades increasing from 14.4% to 31%. According to the company, estimated cash flow margin from these sales is 35%, based on preliminary, unaudited costs and proceeds and excluding IFRS revenue measures.
Underground mining at Apuradita is ongoing at 400–600 tonnes per month, with additional mining faces, equipment upgrades and manpower in place. A fourth concentrate batch is being prepared for toll milling, with delivery targeted for October.
Silver Elephant (OTCQB: SILEF) reported discovery of a new high-grade silver-bearing zone at its Apuradita project in Bolivia. Underground channel sampling from the main development drift returned a length-weighted average of 539 g/t silver over 10.0 meters, based on five consecutive 2.0-meter channels. The company noted the mineralized lenses’ geometry is not fully defined and the true thickness is unknown.
Silver Elephant produced a third toll-milled concentrate batch of about 32 tonnes grading 12,168 g/t silver and 32.75% lead. It plans to mine 400–600 tonnes of mineralized material per month in 2026–2027, despite having no mineral reserves or feasibility study, which it states increases technical and economic risk. Historical drilling indicates sulphide mineralization averaging 412 g/t silver, 1.09% lead and 0.38% zinc, disclosed only as geological context. The release details QA/QC limitations, including use of a non-accredited internal lab, absence of certified reference materials and duplicate samples in this program, and lack of independent check assays on the channel samples to date, though a Qualified Person has supervised and verified available data.
Silver Elephant (OTCQB:SILEF) reported historic high-grade zinc-germanium-gallium drill assays from the optioned Robinson-Lasher project in Kentucky, about 90 miles from a proposed US$7.4 billion Clarksville critical-minerals smelter.
Historic holes returned up to 350 g/t germanium, 28.12% zinc over 6.6 ft, with composites of 11.2% and 13.4% zinc over significant widths, plus an historic 387,225-tonne estimate grading 14% zinc. All figures are historical and not current resources.
Silver Elephant (OTCQB:SILEF, TSX:ELEF) signed a lease for its wholly owned Ulaan Ovoo coal mine in Mongolia with a major Mongolian mining and industrial conglomerate. The lessee will extract coal and pay Silver Elephant a royalty of US$2/tonne for the first two years, rising to US$3/tonne from January 1, 2028. Ulaan Ovoo thermal coal has historically shown low ash and sulphur levels and will be blended with higher-rank coking coal for sales to international and domestic customers. The mine is subject to an underlying royalty in favor of Oracle Commodity Holding.
Summary not available.
Silver Elephant (OTCQB:SILEF) announced changes to its Board of Directors effective June 2026.
Anthony Garson has been appointed as a director, bringing experience in project oversight and commercial operations. Nigel Lees retired as director on June 11, 2026. The Board now includes John Lee, Greg Hall, Douglas Flett, and Anthony Garson.
Silver Elephant (OTCQB:SILEF, TSX:ELEF) trucked 1,220 tonnes of silver-bearing material from its Apuradita project in Bolivia to a toll mill, averaging 410 g/t Ag. This third concentrate batch is expected to be sold in June, ahead of schedule.
Underground output has improved through more mining faces, equipment upgrades, and added manpower. The company targets 400–600 tonnes per month in 2026, subject to permitting, with quarterly concentrate sales. Ongoing surface sampling and rigorous QA/QC are overseen by a NI 43-101 qualified person.
Silver Elephant (OTCQB:SILEF) agreed to acquire the Robinson-Lasher zinc-germanium-gallium project in Kentucky from CleanTech under a binding asset purchase agreement.
Consideration includes 6.3 million shares at C$0.13, US$1.255 million in staged cash, and at least US$2 million of exploration spending by 2029, subject to regulatory and shareholder approvals.
Silver Elephant (OTCQB: SILEF) sold a second silver‑lead concentrate lot from its Apuradita operation in Bolivia in April 2026. The 31.6‑tonne concentrate graded 8,795 g/t Ag and 24% Pb, containing ~8,936 oz Ag sold at US$74.8/oz. Processing treated ~1,845 tonnes of feed grading 248 g/t Ag and 0.8% Pb.
Underground operations target a steady 300 tonnes per month for the remainder of 2026; exploration and open‑pit sampling are underway to define additional mineralized zones.