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. (TSX: ELEF, OTCQX: SILEF) announced the release of $1.5 million from escrow following the conversion of 1,992,437 flow-through subscription receipts into common shares at $0.77 each. An additional $7.1 million remains in escrow pending court approval. The company issued 4.6 million shares to Victory Nickel Inc. as part of an asset purchase agreement. Notably, no further payments are required unless nickel prices exceed $10 per pound for 30 consecutive days before the end of 2023.
Silver Elephant Mining Corp. announced the approval of all resolutions at its special general meeting held on December 22, 2021. Key voting results included:
- Approval of a special resolution for an arrangement under British Columbia's Business Corporations Act.
- Approval of incentive plans for SpinCo 1, SpinCo 2, and SpinCo 3 with high voter support of 97.53%, 98.43%, and 97.51%, respectively.
- Approval of a resolution for SpinCo 1 Financing with 82.78% in favor.
A final order from the Supreme Court of British Columbia is expected on January 11, 2022, with a subsequent share consolidation.
Silver Elephant Mining Corp. provides an update on its private placement for Flying Nickel Mining Corp., which closed on November 29, 2021, raising $8.6 million. The funds are currently in escrow pending approval from the Toronto Stock Exchange that requires a resolution from disinterested shareholders at a special meeting on December 22, 2021. Notably, interested shareholders, who hold approximately 2.1% of outstanding shares, will be excluded from voting on this resolution. The Company also appointed Flora Lo as corporate secretary.
Silver Elephant Mining Corp. has announced key management appointments for its spinout, Flying Nickel Mining Corp., which is well-funded following an $8.6 million equity offering. CEO Danniel Oosterman will lead the team to advance the Minago project, boasting substantial nickel resources. The new leadership includes seasoned professionals with extensive mining experience, aimed at strengthening operations in the Canadian nickel sector. The project is located in Manitoba’s Thompson Nickel Belt, housing significant nickel deposits and receiving over $40 million in investment since the early 2000s.
Silver Elephant Mining Corp. has successfully completed a private placement through its subsidiary, Flying Nickel Mining Corp., raising $8.6 million. The offering included over 10 million non-flow through subscription receipts priced at $0.70 each and nearly 2 million flow-through eligible receipts at $0.77. Proceeds will support the Minago Nickel Project and general working capital. Key conditions include shareholder approval for a plan of arrangement scheduled for December 22, 2021.
Silver Elephant Mining Corp. announced an upsized private placement for its subsidiary, Flying Nickel Mining Corp., increasing the offering from $7 million to $8.6 million. The offering will consist of Non-FT Subscription Receipts priced at $0.70 and FT Subscription Receipts priced at $0.77. Blackstone Minerals Limited is set to invest $2.975 million, acquiring 4.25 million Non-FT Subscription Receipts, which will give it a projected 6.85% stake in Flying Nickel upon completion. The proceeds will be allocated towards the Minago Nickel Project and general working capital.
Silver Elephant Mining Corp. (TSX:ELEF, OTCQX:SILEF) has successfully closed the final tranche of its private placement, raising a total of $3,740,000 by issuing 17,000,000 shares at $0.22 each. The third tranche alone contributed $1,796,000 from 8,163,640 shares. Proceeds will support mineral project development and working capital. The shares are under a regulatory hold until March 13, 2022. This follows previous announcements regarding the upsized offering.
Silver Elephant Mining Corp. has announced a private placement for its spin-off, Flying Nickel Mining Corp., aiming to raise up to $7,000,000 through the sale of subscription receipts. The offering includes 5,000,000 Non-FT Subscription Receipts priced at $0.70 each and flow-through Subscription Receipts at $0.77. The funds will be escrowed until certain conditions are met, including shareholder and regulatory approvals. The arrangement is expected to close around November 17, 2021, and Flying Nickel aims to list its shares on the TSX Venture Exchange.
Silver Elephant Mining Corp. will hold a Special Meeting of Shareholders on December 14, 2021, at 9:00 am PST. The meeting's purpose is to seek shareholder approval for a Plan of Arrangement and the Spin-Out of the Company's Nickel and Vanadium assets, previously announced on August 26 and September 23, 2021. Shareholders will receive the Notice of Meeting and supporting documents around November 17, 2021. Silver Elephant is recognized as a premier silver mining and exploration company.
Silver Elephant Mining Corp. has successfully closed the second tranche of its private placement offering, raising $1,025,800 through the issuance of 4,662,727 common shares at $0.22 per share. This follows an increase in the offering size from 15 million to 17 million shares, targeting total gross proceeds of $3,740,000. The funds will support mineral project development and general working capital. Additionally, 141,000 Finder's Warrants were issued, exercisable at $0.26 until October 2022. The shares are subject to a hold period until February 22, 2022.