Silver Elephant Mining (SILEF) Stock News

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.

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.