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. 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.
Silver Elephant Mining (OTCQB: SILEF) has announced a non-brokered private placement to raise $672,000 through the sale of 4.2 million units at $0.16 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.20 per share for three years.
Company insiders will participate by subscribing for up to 1 million units ($160,000). The offering includes a Finder's Fee of up to 7% in Finder's Units. The proceeds will be used for general corporate purposes, and the offering is subject to Toronto Stock Exchange approval.
Silver Elephant Mining (OTCQB:SILEF) has commenced trucking silver-mineralized material from its Apuradita Paca Project in Bolivia to a 400-tonnes-per-day toll milling facility in Potosi. The company currently has 855 tonnes of stockpiled materials ready for processing, with additional fresh materials from ongoing production.
The company maintains a monthly production forecast of 1,000-2,000 tonnes of silver-bearing material and projects to toll-mill approximately 10,000 tonnes in the initial campaign. The calculated average grade of extracted materials is 412 g/t Ag, 1.09% Pb, and 0.38% Zn. During tunnel development, the company discovered several high-grade silver-bearing stockwork veinlet systems, including a 10-meter-wide highly mineralized interval not included in the current resource model.
Silver Elephant Mining Corp. (OTCQB: SILEF) has reduced its stake in Oracle Commodity Holding Corp. through the sale of 4 million common shares for total proceeds of $60,000 on September 2, 2025.
Following the transaction, Silver Elephant's ownership in Oracle decreased from 23.77% to 19.92% on a non-diluted basis, and 15.53% on a fully diluted basis, representing a 3.85% 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.
Silver Elephant Mining (OTCQB: SILEF) and Oracle Commodity Holding have amended their existing net smelter return (NSR) royalty agreements for Mongolian coal and Bolivian silver properties. For coal properties, the royalty has been reduced to the greater of US$2 per tonne or 3% of NSR from the previous US$3 per tonne or 5%. For silver properties, the royalty on raw minerals has been reduced to 2% of (70% of gross metal value) from the previous 2% of 100%, with the $30/oz silver price threshold removed.
Silver Elephant, as a control person of Oracle, will provide payment guarantees for both coal and silver royalties through its Mongolian and Bolivian subsidiaries. The companies will rely on exemptions from formal valuation and minority approval requirements due to their related-party status.
Silver Elephant Mining Corp. (OTCQB: SILEF) has announced the sale of 3,683,000 common shares of Oracle Commodity Holding Corp. through the TSX Venture Exchange for $73,660.
Following the transaction, Silver Elephant's ownership in Oracle decreased from 27.31% to 23.77% on a non-diluted basis and 22.27% on a fully diluted basis, representing a 3.54% 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.
Silver Elephant Mining (OTCQB: SILEF) has completed the transfer of its option rights for the El Triunfo Gold and Antimony Project to CleanTech Vanadium Mining Corp. The transaction, valued at CAD 155,000 in cash, gives CleanTech the option to acquire 100% equity interest in Mururata S.R.L., which owns the mining rights to the 256-hectare project located 75km east of La Paz, Bolivia.
Due to the related-party nature of the transaction - with Silver Elephant controlling Oracle Commodity Holding Corp., which in turn controls CleanTech - the deal was structured to comply with MI 61-101 regulations. CleanTech, with a market capitalization of approximately $6.45 million, qualified for exemptions from formal valuation and minority approval requirements as the transaction value falls below the 25% threshold.
Silver Elephant Mining (OTCQB:SILEF) has announced a significant operational milestone with the execution of a toll-milling agreement for its Apuradita Paca Project in Bolivia. The company will begin shipping silver-bearing materials in early August 2025, with a capacity to process up to 10,000 tonnes of oxide and sulphide materials.
Metallurgical tests have shown promising results, with sulphide samples achieving 92% silver recovery and producing concentrates grading 25,552 g/t Ag. The company has already stockpiled 1,000 tonnes of material and targets a monthly production of 1,000 to 2,000 tonnes. The main Apuradita tunnel has advanced 175 meters, with additional branch drifts extending 9 meters west and 14 meters east.
Silver Elephant Mining (OTCQB: SILEF) has reduced its stake in Oracle Commodity Holding Corp through the sale of 3,000,000 common shares on July 18 and 21, 2025. The shares were sold through TSX Venture Exchange for total proceeds of $60,035.
Following the transaction, Silver Elephant's ownership in Oracle decreased from 31.45% to 28.56% on a non-diluted basis, and represents 22.27% on a fully diluted basis. The company plans to use the proceeds for general working capital purposes and may adjust its Oracle holdings based on market conditions.
Silver Elephant Mining (OTCQB: SILEF) has completed the second and final tranche of its non-brokered private placement, raising $44,000 through the sale of 220,000 units at $0.20 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.30 per share for three years.
Company Director John Lee subscribed for all 220,000 units. The transaction qualifies as a related party transaction under MI 61-101, but was exempt from formal valuation and minority shareholder approval requirements as it represented less than 25% of the company's market capitalization. Proceeds will be used for general corporate purposes.
Silver Elephant Mining (OTCQB: SILEF) has completed the first tranche of its non-brokered private placement, raising $172,000 through the sale of 860,000 units at $0.20 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.30 per share for three years.
Notable participants include Director John Lee subscribing for 150,000 units ($30,000) and major shareholder Ron Motz acquiring 200,000 units ($40,000). The company paid Finder's Fees of 33,250 Finder's Units. The proceeds will be used for general corporate purposes, with securities subject to a four-month plus one day regulatory hold period.