Silver Elephant Mining Corp Stock Price, News & Analysis

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.

Silver Elephant Mining Corp. (SILEF) has announced that Chief Operating Officer Rob Van Drunen will step down from his position effective July 1, 2025, citing personal reasons. CEO John Lee will assume Van Drunen's duties to ensure a smooth transition of operations. The company states that this management change is not expected to impact company operations. The Board of Directors has expressed gratitude for Van Drunen's contributions to the company during his tenure.

Silver Elephant Mining Corp. (SILEF) has announced an increase to its previously announced non-brokered private placement, now aiming to raise $220,000 through the sale of 1.1 million 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 insiders will participate by subscribing for up to 600,000 units ($120,000). The company may pay 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 hold period. Proceeds will be used for general corporate purposes.

Silver Elephant Mining Corp. (SILEF) has reduced its stake in Oracle Commodity Holding Corp. through the sale of 4 million common shares on June 9, 2025, via the TSX Venture Exchange for $100,000. Prior to the sale, Silver Elephant held 36.7M shares (35.30% ownership), and after the transaction, it now holds 32.7M shares, representing 31.45% ownership on a non-diluted basis and 29.28% on a fully diluted basis. This represents a 3.85% reduction in Silver Elephant's shareholdings in Oracle. 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 Corp. (SILEF) has announced a non-brokered private placement to raise $200,000 through the sale of 1,000,000 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 insiders will participate by subscribing for up to 400,000 units ($80,000). A Finder's Fee of up to 7% in Finder's Units will be payable. The private placement requires TSX approval, and securities will have a four-month plus one-day holding period. Proceeds will be used for general corporate purposes.

Silver Elephant Mining Corp. has reached a significant milestone at its Paca Apuradita Silver Project in Bolivia, accessing the high-grade silver zone through tunnel development. The company has completed 157 meters of horizontal tunneling, encountering strong visual indicators of silver minerals. Current stockpile stands at 150 tonnes and is growing daily. The company plans to sign both toll milling and offtake agreements in June 2025, with mined materials to be processed in Potosí plants. The project targets an extraction rate of 50-100 tonnes per day with calculated average grades of 412 g/t Ag, 1.09% Pb, and 0.38% Zn. Drill hole results show impressive silver grades, including intercepts up to 715 g/t Ag. The operation employs local Bolivian nationals and has received support from local communities.

Silver Elephant Mining Corp. (SILEF) has increased its previously announced non-brokered private placement to CAD696,830. The company will issue 3,871,277 units at CAD0.18 per unit. Each unit includes one common share and one warrant, with warrants exercisable at CAD0.30 for three years. The placement includes participation from company director John Lee (50,000 units for CAD9,000) and major shareholder Ron Motz (450,000 units for CAD81,000). Finder's fees of 193,989 units will be paid. The securities will have a four-month plus one-day holding period, and proceeds will be used for general corporate purposes. The placement requires TSX approval.

Silver Elephant Mining Corp. (SILEF) has announced amendments to 11,676,258 common share purchase warrants, adjusting their exercise price to $0.30 CAD. The amendments will take effect on April 22, 2025, except for insider-held warrants which require shareholder approval.

The warrants, issued between May 2020 and November 2024, originally had exercise prices ranging from $0.45 to $1.60 CAD. Insiders hold 2,726,865 of these warrants, with CEO John Lee holding a significant portion. The new $0.30 exercise price represents a 19.52% premium to the company's five-day volume-weighted average price of $0.217.

The amendments require Toronto Stock Exchange approval and include a limitation on warrant exercise for 10% shareholder Ron Motz, preventing him from acquiring 20% or more of voting rights. This limitation also applies to his 400,000 warrants issued on January 15, 2025.

Silver Elephant Mining Corp. (SILEF) has announced an agreement to assign its rights to the El Triunfo Gold-Antimony Project in Bolivia to CleanTech Vanadium Mining Corp. for CAD 155,000 in cash. The transaction involves transferring Silver Elephant's option to acquire 100% equity in Mururata S.R.L., which owns the Bolivian mining rights.

The El Triunfo Project, located 75km east of La Paz, Bolivia, covers approximately 256 hectares. The deal's closing is contingent on several conditions, including due diligence completion, regulatory approvals, and an amendment to the original Triunfo Option Agreement. CleanTech has provided a refundable deposit of $155,000, returnable if the transaction isn't completed by December 31, 2025.

The transaction is classified as Non-Arm's Length due to overlapping leadership positions between the companies, with several executives and directors serving both entities. Key officers John Lee and Greg Hall declared their interest and abstained from voting on the transaction.