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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.
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Silver Elephant (OTCQB: SILEF) completed its first 29.8-tonne silver-lead concentrate sale from the Apuradita Paca project on November 19, 2025, at pricing of US$47.4/oz Ag and US$0.90/lb Pb. Assays returned concentrate grades of 5,853 g/t Ag and 14.9% Pb, consistent with internal metallurgical forecasts.
Mining continues with a forecasted monthly production target of 1,000–1,500 tonnes of silver-bearing material and an estimated 10,000 tonnes of feed in the initial six-month campaign. Extracted sulphide material average grades cited: 412 g/t Ag, 1.09% Pb, and 0.38% Zn. The company is developing additional faces and exploring near-surface oxide layers while engaging potential third-party processors for oxide material.
Silver Elephant Mining Corp (OTCQB: SILEF) closed the second and final tranche of a non-brokered private placement on October 15, 2025, raising gross proceeds of $445,411 through the sale of 2,783,824 Units at $0.16 per Unit. Each Unit includes one common share and one warrant exercisable at $0.20 per Share for three years.
Finder's Fees of 145,250 Finder's Units were issued. Director John Lee subscribed for 193,750 Units for $31,000; this is a related party transaction for which the company relied on MI 61-101 exemptions and will file a material change report. Securities are subject to a regulatory hold period of four months plus one day. Proceeds are expected to be used for general corporate purposes.
Silver Elephant (OTCQB: SILEF) appointed Stephanie Lee as Vice President Legal, effective October 10, 2025. Ms. Lee is a Canadian-qualified lawyer with eight years of experience in corporate finance, securities and governance, focused on mining and natural resources. She joins from a national law firm where she advised on financings, disclosure, M&A and regulatory compliance. The company also announced that Alex Bayer will step down as Chief Legal Officer effective October 25, 2025 and will remain available as a consultant.
The appointments position the company to maintain legal continuity across its project portfolio while transitioning senior legal leadership.
Silver Elephant (OTCQB: SILEF) began toll milling silver-bearing material from its Apuradita Paca project in Bolivia and has delivered over 1,200 tonnes to the toll mill to date.
The company executed a concentrate off-take agreement with a major international buyer and expects the first concentrate shipment in October 2025. Mining continues at a steady rate with a near-term monthly feed target of 1,000–1,500 tonnes and an internal estimate of ~10,000 tonnes of mineralized feed in the initial six-month campaign.
Reported average grade of extracted sulphide material is 412 g/t Ag, 1.09% Pb, and 0.38% Zn. Samples are prepared at ALS Global Oruro and analyzed in Lima under accredited ISO procedures. A company employee is the named qualified person.
Silver Elephant Mining (OTCQB:SILEF) held its Annual General & Special Meeting on September 25, 2025, where shareholders approved all proposed resolutions. The meeting resulted in the election of four directors: John Lee (92.099% approval), Greg Hall (92.235% approval), Douglas Flett (92.139% approval), and Nigel Lees (89.432% approval).
Shareholders also approved the appointment of Mao & Ying LLP as auditors, amendments to the Company's Articles, modifications to insider warrant exercise prices, and removal of a warrant exercise limitation for a 10% shareholder.
Silver Elephant Mining (OTCQB: SILEF) has announced an increase to its previously announced non-brokered private placement, now aiming to raise $735,200 through the sale of 4,595,000 units at $0.16 per unit.
Each unit comprises one common share and one share purchase warrant, with warrants exercisable at $0.20 per share for three years. Company insiders will subscribe for 1,000,000 units ($160,000). The offering includes potential Finder's Fees of up to 7% in Finder's Units. The private placement requires TSX approval, and securities will have a four-month plus one-day holding period.
Silver Elephant Mining (OTCQB: SILEF) has reduced its stake in Oracle Commodity Holding Corp through the sale of 3.5 million common shares for total proceeds of $87,500. The transaction was executed on September 15, 2025, through the TSX Venture Exchange.
Following the sale, Silver Elephant's ownership in Oracle decreased from 15.11% to 11.74% on a non-diluted basis and 9.15% on a fully diluted basis. The company plans to use the proceeds for general working capital purposes and maintains flexibility to adjust its Oracle holdings based on market conditions.
Silver Elephant Mining (OTCQB: SILEF) has completed the first tranche of its non-brokered private placement, raising $264,308 through the sale of 1,651,926 units at $0.16 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at $0.20 per share for three years.
Notable participants include Director John Lee subscribing for 406,250 units ($65,000) and major shareholder Ron Motz acquiring 400,000 units ($64,000). The company paid Finder's Fees of 14,000 Finder's Units. The securities will have a four-month plus one day regulatory hold period, with proceeds intended for general corporate purposes.
Silver Elephant Mining Corp. (TSX: ELEF, OTCQB: SILEF) has reduced its stake in Oracle Commodity Holding Corp. through the sale of 5 million common shares for total proceeds of $90,000 on September 3-4, 2025.
Following the transaction, Silver Elephant's ownership in Oracle decreased from 19.92% to 15.11% on a non-diluted basis and 11.78% on a fully diluted basis, representing a 4.81% reduction in shareholdings. The company plans to use the proceeds for general working capital purposes and may adjust its Oracle holdings based on market conditions.