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. (SILEF) announced the complete assay results from its diamond drill program at the Paca silver-lead-zinc deposit in Bolivia. All five drill holes showed mineralization, with PND115 reporting 66 meters at 75g/t silver equivalent and PND118 showing 112 meters at 50g/t. The company has $9 million in treasury and plans for further drilling in 2021 to expand its current resource base of 106.7 million oz indicated silver. The mineralization remains open to the north and east, enhancing the potential for growth.
Silver Elephant Mining Corp. (SILEF) announced results from its diamond drill program at the El Triunfo project in Bolivia. Borehole TR007 reported 48.9 meters of mineralization with grades of 0.42 g/t gold, 35.5 g/t silver, 1.17% zinc, and 0.83% lead (1.45 g/t AuEq). The program demonstrates broad continuity of mineralization over 225 meters, with potential for further exploration. The upcoming drilling phase is planned for the first half of 2021. Quality control measures in sampling and analysis adhere to industry standards.
Silver Elephant Mining Corp. has completed a bought deal offering, issuing 23 million common shares at a price of C$0.40 each, raising C$9.2 million in gross proceeds. The offering was led by Mackie Research Capital and included an over-allotment option. Proceeds will fund the exploration and development of the company’s mineral properties and support working capital needs. Investors should consider the associated risks and uncertainties outlined in the company’s forward-looking statements.
Silver Elephant Mining Corp. (SILEF) announced the filing of an independent amended technical report for the Pulacayo project, dated November 12, 2020, and effective October 13, 2020. This report, prepared by Mercator Geological Services, is available on SEDAR. The company has filed a final short form prospectus for a bought deal offering of 20 million common shares at C$0.40 per share, aiming to raise $8 million. The offering is expected to close on November 24, 2020, pending regulatory approval. Insider participation includes 750,000 shares by director John Lee.
Silver Elephant Mining Corp. has filed an independent technical report for its Pulacayo project, effective October 13, 2020. The report, prepared by Mercator Geological Services Limited, is available on SEDAR. The company also filed a preliminary short form prospectus to conduct a bought deal offering of 20 million common shares at C$0.40 each, expected to close by November 12, 2020, subject to regulatory approvals. The press release clarifies that these securities are not registered in the U.S., emphasizing compliance with securities regulations.
Silver Elephant Mining Corp. has successfully completed a 545 meter exploration drilling program at its Paca deposit within the Pulacayo Project in Bolivia. This drilling tested potential 'blind' mineralization through angled holes, expanding on the previous north-south drilling. The Mineral Resource Estimate, effective as of October 13, 2020, includes an Indicated Resource of 106.7 million oz of silver, with significant quantities of zinc and lead as well. Assay results from the recent drilling program are anticipated in November 2020.
Silver Elephant Mining Corp. announced an NI43-101 compliant Mineral Resource Estimate for its Pulacayo silver-lead-zinc project in Bolivia, effective October 13, 2020. The estimate reveals an Indicated Resource of 106.7 million oz silver, 1,384.7 million lbs zinc, and 693.9 million lbs lead, alongside an Inferred Resource of 13.1 million oz silver, 122.8 million lbs zinc, and 61.9 million lbs lead. The company has invested over US$30 million in the project since 2006. A detailed technical report will be filed within 45 days.
Silver Elephant Mining Corp. announced positive initial results from Sunawayo silver project in Bolivia, with 48 sample assays revealing significant silver and lead values. Notably, 10 samples exceeded 100g/t silver or 10% lead. This early indication suggests potential for multiple mineral discoveries. The project covers 59.5 square km and is near the historic 350 million oz Malku Khota deposit. The firm plans geological mapping and aims to identify drill targets by year-end. The findings were received favorably, showcasing the project's high mineralization potential.
Silver Elephant Mining Corp. has successfully acquired the Bisoni vanadium project through its subsidiary Nevada Vanadium LLC, as per the Asset Purchase Agreement announced on August 24, 2020. The acquisition involved issuing 4 million common shares and paying $200,000 in cash to CellCube Energy Storage Systems. If vanadium pentoxide prices exceed $12 per pound by December 31, 2023, an additional $500,000 worth of shares will be issued. This project, located near the Gibellini Project, enhances Silver Elephant's position in the vanadium market.
Nevada Vanadium has successfully acquired the Bisoni vanadium project from CellCube Energy Storage Systems for $200,000 and 4 million shares of Silver Elephant. This acquisition, finalized on September 18, 2020, is pivotal as the Bisoni Project is located adjacent to Nevada Vanadium's Gibellini Project. Additionally, should vanadium prices exceed $12 per pound for 30 consecutive days by December 31, 2023, an extra $500,000 in shares will be issued to CellCube. This acquisition is anticipated to bolster Nevada Vanadium's market position in North America's vanadium sector.