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 (OTCQB: SILEF) generates frequent news related to its mining operations, corporate finance activities, and legal matters. The company’s disclosures highlight its work at the Apuradita Paca Mining Project in Bolivia, where it reports mining silver-bearing and lead-bearing mineralized material, toll milling, and concentrate sales under an off-take agreement with a major international buyer.
News releases from Silver Elephant often cover operational milestones at Apuradita, such as the delivery of silver-bearing material to a toll-milling facility, commencement of toll milling, and the completion of the first silver-lead concentrate sale. These updates include technical details on mining methods, internal production targets, and assay results for concentrates, providing context for how the project is being advanced.
Investors following SILEF can also expect regular announcements on non-brokered private placements, where the company raises gross proceeds through units composed of common shares and share purchase warrants. These financings frequently involve participation by directors, officers, and significant shareholders and are described in the context of Multilateral Instrument 61-101 related party transaction requirements.
Additional Silver Elephant news items include shareholder meeting results, changes in legal leadership, and updates on arbitration proceedings against Andean Precious Metals Corp. over an additional consideration payment under a Master Services Agreement and Sales and Purchase Agreement. Together, these releases provide a detailed picture of the company’s operational progress, corporate governance, financing strategy, and legal environment.
This news page aggregates such disclosures so readers can review Silver Elephant’s latest operational, financial, and legal updates in one place and track how developments at Apuradita and other corporate actions may affect the company over time.
Silver Elephant Mining Corp. has announced the appointment of Zula Kropivnitski as its new Chief Financial Officer, succeeding Irina Plavutska, who retires after 11 years but will continue as a consultant.
Kropivnitski brings over ten years of financial reporting experience, having previously served as CFO at Abraplata Resource Corp. and Financial Controller at Sacre-Coeur Minerals Ltd. The company also received TSX approval for an extension of its Annual General Meeting, now scheduled for August 11, 2022, at 9:30 a.m. PST.
Silver Elephant Mining Corp. (SILEF) has updated its NSR agreement with Battery Metals Royalties Corp. regarding coal from its Ulaan Ovoo mine in Mongolia. The royalty payment has increased from $2 to the greater of $3 per tonne, 5% of gross sales, or 3% of the benchmark price for coal sold to China. Battery Metals will transfer shares of Flying Nickel Mining Corp. valued at $336,765 to Silver Elephant. Additionally, they have extended the LOI closing date to December 31, 2022, allowing Battery Metals to complete its TSX Venture listing.
Silver Elephant Mining Corp. (OTCQX:SILEF) announced a binding LOI with Battery Metals Royalties Corp. to acquire a 45% interest in its wholly-owned Mega Thermal Coal Corp. for $6.3 million. This move aims to shift Silver Elephant towards being a pure silver mining entity by divesting non-core thermal coal assets. The transaction includes adjustments to royalty agreements and will result in a direct equity stake for Silver Elephant shareholders in Mega Coal. The deal is expected to close by July 15, 2022, pending regulatory approvals.
Silver Elephant Mining Corp. reports initial diamond drill results from its El Triunfo gold-silver project in Bolivia. Five holes totaling 1,500 meters are being drilled to test geophysical anomalies. Significant findings include TR009 with 14 meters of 2.5 g/t AuEq and TR010 with 1.2 meters of 7.7 g/t AuEq. The exploration expands the mineralized width and enhances prospects, potentially tripling the mineralized strike length to 2.3 kilometers. Assay results for additional holes are expected in April, which could further confirm mineralization at the Triunfo project.
Silver Elephant Mining Corp. announced diamond drilling results from the Paca deposit at its Pulacayo silver project in Bolivia. Eight holes were drilled, totaling 1,717 meters. Notable results include PND 123, which intercepted 27 meters of 159 g/t silver, indicating a northern extension of the Paca oxide resource. Future drilling is planned to expand the resource, and a prefeasibility study will be commissioned for a potential open-pit operation. The exploration aligns with ongoing environmental permitting for an oxide leach processing operation.
Silver Elephant Mining Corp. announced significant diamond drilling results from its Paca deposit in Bolivia, comprising 1,717 meters across 8 holes. Key findings include PND 123, which intercepted 27 meters at 159 g/t silver, indicating a northern and northeastern extension of the resource. The company is set to expand drilling efforts in the second half of 2022, focusing on a potential open-pit operation. Additionally, they plan to conduct a prefeasibility study and complete environmental permitting to advance development decisions by early 2023.
Silver Elephant Mining Corp. (SILEF) reported results from its recent exploration drilling at the Pulacayo silver project in Bolivia. A total of 9 holes were drilled over 3,251 meters, targeting geophysical anomalies. Notably, PUD292 intersected high-grade mineralization of 299 g/t silver, indicating potential for undiscovered vein systems outside the main Tajo Vein System. The ongoing exploration aims to refine future targets and enhance geological understanding of the area, which holds significant historical production.
Silver Elephant Mining Corp. has successfully completed its previously announced Plan of Arrangement, consolidating shares on a 10:1 basis. Shareholders will receive one post-Consolidation share of Silver Elephant, along with shares of Flying Nickel Mining Corp., Nevada Vanadium Mining Corp., and Battery Metals Royalties Corp.. Effective January 18, 2022, trading will occur under the same symbol ELEF on the TSX, while the OTCQX trading symbol changes to SILEFD temporarily. The new entities will commence their respective operations, focusing on mining projects in Bolivia and Canada.
Silver Elephant Mining Corp. has announced that the trading of its common shares will begin on a post-Arrangement and post-Consolidation basis on January 18, 2022, following its confirmed Effective Date of January 14, 2022. Shareholders will exchange 10 pre-Consolidation shares for one post-Consolidation share and shares in Flying Nickel Mining Corp., Nevada Vanadium Mining Corp., and Battery Metals Royalties Corp. For detailed information, refer to the management information circular available at www.sedar.com.
Silver Elephant Mining Corp. has received final approval from the British Columbia Supreme Court for its plan of arrangement, following nearly unanimous shareholder approval on December 22, 2021. The arrangement will consolidate common shares on a 10:1 basis effective January 14, 2022. Shareholders will receive common shares in three new entities: Flying Nickel Mining Corp., Nevada Vanadium Mining Corp., and Battery Metals Royalties Corp. Trading in post-consolidation shares is expected to start January 18, 2022, pending TSX bulletin issuance.