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) has engaged Mercator Geological Services to prepare an independent technical report on its Robinson-Lasher project in Kentucky. Mercator anticipates completing the report under Canadian mineral-disclosure standard NI 43-101 by the end of October 2026; it is not expected to include a current mineral resource estimate.
Sampling has commenced on 151.9 feet of archived core across four holes drilled in 2008 to verify and extend historical germanium and gallium results. Historical zinc intervals include 81.4 feet at approximately 11.2% and 16.0 feet at approximately 13.4%; individual samples returned germanium up to 350 g/t and gallium up to 20 g/t. These results remain unverified. The company expects sampling completion in the fourth quarter of 2026, with laboratory results approximately two to three weeks after submission. Further drilling and metallurgical work depend on results.
Silver Elephant Mining (SILEF) completed the first closing of its non-brokered private placement, raising gross proceeds of $840,000 through unit sales.
The company issued 7,000,000 units at $0.12 each. Each unit includes one common share and one warrant to purchase an additional share at $0.16 for three years from issuance. Finders received 106,750 units as fees, each containing one share and one non-transferable warrant with the same exercise price and term.
Insider John Lee subscribed for 1,500,000 units. His participation did not exceed 25% of the fair market value of the company's market capitalization, allowing exemptions from formal valuation and minority shareholder approval requirements. Securities issued in the placement carry a regulatory hold of four months plus one day from issuance. The company expects proceeds to be used primarily for general working capital.
Silver Elephant Mining (SILEF) increased its non-brokered private placement to gross proceeds of up to CAD 882,000.
The offering comprises up to 7,350,000 units at CAD 0.12 each. Each unit includes one common share and one warrant to buy an additional share at CAD 0.16 for three years from issuance. Finder's fees of up to 7% in Finder's Units may be payable; each includes a share and a non-transferable warrant with the same exercise price and term.
Up to 2,000,000 units may be issued to insiders in a related-party transaction. The company anticipates using exemptions from minority shareholder approval and formal valuation requirements. Securities carry a four-month-and-one-day hold from issuance. Silver Elephant intends to use net proceeds primarily for general working capital and expects completion by October 9, 2026, subject to Toronto Stock Exchange approval.
Silver Elephant Mining (SILEF) shareholders approved all resolutions at the annual general meeting held September 25, 2026.
Shareholders set the number of directors at four and elected John Lee, Greg Hall, Douglas Flett and Anthony Garson until the next annual meeting. Votes in favor were 96.866%, 96.857%, 96.617% and 96.284%, respectively. Shareholders also approved Mao & Ying as auditor and authorized the directors to set its remuneration.
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.
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