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 filing of an independent Technical Report on the Gibellini Vanadium Project, conducted by Wood Group USA, Inc. and Mine Technical Services Ltd. The report, dated October 8, 2021, updates the preliminary economic assessment (PEA) for the project. This development reflects the company's ongoing efforts to advance its nickel, silver, and vanadium projects in Nevada. The report is available on SEDAR, highlighting Silver Elephant's commitment to transparency and reporting in the mining sector.
Silver Elephant Mining Corp. has appointed Robert Van Drunen as Chief Operating Officer effective September 27, 2021. Van Drunen, who has over 30 years of experience at Vale and Inco, will oversee the company’s mining projects in Bolivia and Mongolia. He also aims to assist with the spinout plan for Flying Nickel Mining Corp., which will operate the Minago nickel project. His focus will be on exploration, permitting, mine construction, and production, leveraging his track record in process improvement and safety culture.
Silver Elephant Mining Corp. has completed the first tranche of a private placement, raising $918,199 by issuing 4,173,632 common shares at $0.22 each. This is part of a larger offering aiming for $3,300,000 from 15,000,000 shares. The funds will support mineral project development and general working capital. Additionally, the company granted 6,500,000 options to directors and employees at $0.26 per share, vesting over two years. The final tranche is expected by October 15, 2021.
Silver Elephant Mining Corp. is set to implement a plan of arrangement to spin out its projects, including the Minago Nickel and Gibellini Vanadium projects, into new entities: Flying Nickel Mining Corp., Nevada Vanadium Mining Corp., and Battery Metals Royalties Corp.. This restructuring is expected around December 2021, with significant share distribution changes for shareholders. Post-Arrangement, Silver Elephant will retain its core silver and gold-silver projects in Bolivia, alongside a 33.2% stake in Battery Royalties. Shareholder approval will be sought in early-to-mid December.
Silver Elephant Mining Corp. announced that all resolutions were approved during the Annual General and Special Meeting held on September 10, 2021. Key voting results showed significant support: 99.83% approved the number of directors fixed at four, and 99.92% re-appointed Davidson & Company LLP as auditors. Notably, a new 10% Rolling Incentive Plan received 70.56% approval, although 29.44% voted against it. The meeting was attended by 173 shareholders representing 23,113,518 shares.
Silver Elephant Mining Corp. (TSX:ELEF, OTCQX:SILEF) announced a proposed non-brokered private placement to raise up to $3.3 million by issuing 15 million common shares at $0.22 per share. Subject to Toronto Stock Exchange approval, the offering is expected to close around September 22, 2021. Proceeds will fund exploration, working capital, and corporate purposes. The shares will be subject to a four-month hold period following issuance. Finder’s fees may apply, subject to TSX policies.
Silver Elephant Mining Corp. has reported positive developments in its exploration efforts at the Pulacayo silver project and the El Triunfo gold-silver project in Bolivia.
At Pulacayo, 1,972 meters of drilling has been completed, confirming the presence of galena and other minerals at significant depths.
The El Triunfo project has identified new IP anomalies, potentially expanding the mineralized strike from 750m to 2.3km. The company plans to prioritize drilling targets for October. Recent survey results affirm the potential for further resource enhancement.
Silver Elephant Mining Corp. announced a preliminary economic assessment (2021 PEA) for its Gibellini vanadium project, showing a 25.4% after-tax internal rate of return and $260.8 million in cumulative cash flow based on a $10.00 per pound V2O5 price. The project, in Nevada, is set for open pit heap leach mining, requiring $147 million in initial capital costs, with an average annual production of 10.2 million pounds of V2O5 at an all-in sustaining cost of $6.04 per pound. The project is aligned with U.S. green energy initiatives, and a technical report will be available in 45 days.
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.