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 (SILEF) delivers advanced silver exploration and production through its flagship Pulacayo-Paca project in Bolivia. This page serves as the definitive source for verified corporate announcements, operational updates, and strategic developments.
Investors and analysts will find timely reporting on drilling results, production milestones, and resource estimations. Our curated collection includes earnings releases, technical reports, and corporate governance updates – all essential for informed decision-making.
Key focus areas include oxide zone operations, sulphide processing advancements, and quality-controlled resource verification. Regular updates cover permit approvals, leadership changes, and project financing developments specific to SILEF's operations.
Bookmark this page for structured access to critical updates about Bolivia's evolving silver sector. Check back regularly for unfiltered reporting on SILEF's progress in mineral extraction and resource development.
Silver Elephant Mining Corp. announced its subsidiary, Mega Thermal Coal Corp., will commence coal production at the Ulaan Ovoo project in Mongolia in Q4 2022. The project aims to produce 30,000 tonnes of coal monthly using a fleet of mining equipment.
Notably, thermal coal prices have surged to US$427 per tonne, allowing the company to capitalize on this trend. Additionally, there are around 90,000 tonnes of coal stockpiled, and rail congestion is expected to ease by Q4 2022. Plans for spinning out Mega Coal by late 2022 are underway.
Silver Elephant Mining Corp. has announced the appointment of Zula Kropivnitski as its new Chief Financial Officer, succeeding Irina Plavutska, who retires after 11 years but will continue as a consultant.
Kropivnitski brings over ten years of financial reporting experience, having previously served as CFO at Abraplata Resource Corp. and Financial Controller at Sacre-Coeur Minerals Ltd. The company also received TSX approval for an extension of its Annual General Meeting, now scheduled for August 11, 2022, at 9:30 a.m. PST.
Silver Elephant Mining Corp. (SILEF) has updated its NSR agreement with Battery Metals Royalties Corp. regarding coal from its Ulaan Ovoo mine in Mongolia. The royalty payment has increased from $2 to the greater of $3 per tonne, 5% of gross sales, or 3% of the benchmark price for coal sold to China. Battery Metals will transfer shares of Flying Nickel Mining Corp. valued at $336,765 to Silver Elephant. Additionally, they have extended the LOI closing date to December 31, 2022, allowing Battery Metals to complete its TSX Venture listing.
Silver Elephant Mining Corp. (OTCQX:SILEF) announced a binding LOI with Battery Metals Royalties Corp. to acquire a 45% interest in its wholly-owned Mega Thermal Coal Corp. for $6.3 million. This move aims to shift Silver Elephant towards being a pure silver mining entity by divesting non-core thermal coal assets. The transaction includes adjustments to royalty agreements and will result in a direct equity stake for Silver Elephant shareholders in Mega Coal. The deal is expected to close by July 15, 2022, pending regulatory approvals.
FAQ
What is the current stock price of Silver Elephant Mining (SILEF)?
What is the market cap of Silver Elephant Mining (SILEF)?
