Silver Elephant Announces a $375,000 Non-Brokered Private Placement

Rhea-AI Summary

Silver Elephant (TSX: ELEF / OTCQB: SILEF) announced a non-brokered private placement to raise gross proceeds of $375,000 by issuing 1,500,000 units at $0.25 per unit. Each unit includes one common share and one warrant exercisable at $0.30 for three years. Finder's fees of up to 7% in Finder's Units may be payable. Certain directors and officers may subscribe for up to 600,000 units (up to $150,000), a related party participation for which the company expects to rely on applicable MI 61-101 exemptions. Securities will be subject to a four-month-plus-one-day hold and the financing is subject to Toronto Stock Exchange approval. Proceeds intended for general working capital.

Positive

• Private placement raises $375,000 in gross proceeds
• Issuance includes 1,500,000 units at $0.25 each
• Insiders may subscribe up to 600,000 units ($150,000)
• Warrants exercisable at $0.30 for three years

Negative

• Potential dilution: 1,500,000 shares plus 1,500,000 warrants
• Finder's fees up to 7% payable in units
• Related-party participation relying on MI 61-101 exemptions
• Securities subject to a four-month-plus-one-day regulatory hold

News Market Reaction

+0.36%

1 alert

+0.36% News Effect

On the day this news was published, SILEF gained 0.36%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Private placement size: $375,000 Units offered: 1,500,000 units Unit price: $0.25 per unit +5 more

8 metrics

Private placement size $375,000 Gross proceeds targeted in current non-brokered private placement

Units offered 1,500,000 units Units to be sold at $0.25 per unit

Unit price $0.25 per unit Subscription price in the private placement

Warrant exercise price $0.30 per share Exercise price for unit and Finder’s warrants

Warrant term 3 years Duration from issuance for warrant exercise

Finder’s fee rate 7% Maximum Finder’s Units payable on the placement

Insider subscription 600,000 Units Maximum units expected to be subscribed by directors and officers

Insider proceeds $150,000 Gross proceeds from insider participation at $0.25 per unit

Market Reality Check

Price: $0.2217 Vol: Volume 174,443 is 4.16x t...

high vol

$0.2217 Last Close

Volume Volume 174,443 is 4.16x the 20-day average of 41,954 shares. high

Technical Price $0.25 is trading above the 200-day MA of $0.16.

Peers on Argus

Peers show mixed moves, from -2.81% (NRVTF) to +11.27% (ARXRF), indicating stock...

Peers show mixed moves, from -2.81% (NRVTF) to +11.27% (ARXRF), indicating stock-specific drivers for SILEF rather than a broad sector trend.

Historical Context

5 past events · Latest: Dec 02 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Private placement	Neutral	+0.4%	Announced $375,000 non-brokered private placement with units and warrants.
Nov 19	Legal/arbitration	Positive	+2.0%	Update on arbitration to collect US$1,000,000 plus fees from counterparty.
Nov 19	Operations update	Positive	+2.0%	First high-grade silver-lead concentrate sale and production targets disclosed.
Oct 15	Private placement	Negative	-8.0%	Closed final tranche of private placement raising $445,411 with warrants.
Oct 10	Management change	Positive	+7.2%	Appointed Vice President Legal and announced transition of Chief Legal Officer.

Pattern Detected

Recent news events, including multiple private placements, have generally seen price moves align in direction with the perceived sentiment of each announcement.

Recent Company History

Over the last six months, Silver Elephant reported several financings and operational updates. Private placements on Sep 4, Sep 17, and Oct 15 raised capital through units and warrants, with price reactions ranging from modest declines to larger selloffs. Operationally, the company completed its first high-grade silver concentrate sale on Nov 19, while also pursuing arbitration to collect US$1,000,000. Governance was addressed with a new VP Legal in October. Today’s private placement continues this pattern of capital-raising for corporate needs.

Market Pulse Summary

This announcement details a non-brokered private placement to raise $375,000 via 1,500,000 units at ...

Analysis

This announcement details a non-brokered private placement to raise $375,000 via 1,500,000 units at $0.25, each with a three-year warrant at $0.30. Directors and officers may subscribe for up to 600,000 units, classed as a related party transaction under MI 61-101 with reliance on standard exemptions. Proceeds are earmarked for working capital, continuing a pattern of unit-and-warrant financings that investors may monitor for cumulative dilution and execution on deployed capital.

Key Terms

non-brokered private placement, share purchase warrant, Finder's Fees, related party transaction, +3 more

7 terms

non-brokered private placement financial

"is pleased to announce a non-brokered private placement (the "Private Placement")"

A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.

share purchase warrant financial

"and one share purchase warrant with each warrant entitling the holder"

A share purchase warrant is a tradable instrument that gives its holder the right, but not the obligation, to buy a company’s shares at a fixed price within a set time frame. Think of it like a coupon to buy a product at today’s price later on; warrants matter to investors because exercising them can increase the number of shares outstanding (which can lower existing share value) and they offer a leveraged way to benefit if the stock rises above the warrant price.

Finder's Fees financial

"Finder's Fees of up to 7% Finder's Units will be payable."

Finder's fees are payments made to a person or firm that introduces two parties to a transaction—such as an investor and a company, buyer and seller, or lender and borrower. Like a matchmaker’s commission, they reward the connector for making the deal happen and are usually a one-time fee or small percentage of the deal. Investors care because these fees reduce the net proceeds of a transaction, can indicate how difficult it was to source financing, and may create potential conflicts of interest.

related party transaction regulatory

"Such participation will be considered to be a "related party transaction" as defined"

A related party transaction is any deal or transfer of value between a company and people or entities with close ties to it — such as executives, major owners, family members, or affiliated businesses. Investors watch these transactions because they can favor insiders over outside shareholders, skirt fair market pricing, or hide risks; like selling your car to a relative at a friendly price, they require clear disclosure and scrutiny to judge impact on value.

Instrument 61-101 regulatory

"as defined under Instrument 61-101 - Protection of Minority Security Holders"

Instrument 61-101 is a Canadian securities rule that requires extra disclosure, independent valuations and sometimes shareholder approval when a company makes major deals involving people or entities connected to its board or executives. It matters to investors because it acts like a neutral referee and clear scoreboard for potentially conflicted transactions, helping minority holders judge whether a deal is fair and reducing the risk of insiders prioritizing their own interests.

MI 61-101 regulatory

"requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101"

MI 61-101 is a Canadian securities rule that sets procedures for major deals involving insiders or controlling shareholders, requiring independent valuations, extra disclosure and often shareholder approval to protect minority holders. It matters to investors because it acts like an impartial referee and independent appraiser, reducing the chance that people in control can push through unfair sales, mergers or asset transfers that would harm ordinary shareholders.

regulatory hold period regulatory

"The securities issued under the Private Placement will be subject to a regulatory hold period"

A regulatory hold period is a temporary pause imposed by government or market regulators that limits certain actions related to a security—most commonly trading, distribution, or promotional activity—while an official review, approval, or disclosure process is underway. For investors it matters because the pause can reduce liquidity and delay buying or selling, and it signals that an important decision or additional information affecting the security’s value is pending, like a “pause” while an inspection is completed.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") to raise gross proceeds of $375,000 through the sale of 1,500,000 units (the "Units") at a price of $0.25 per unit. Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant with each warrant (each, a "Warrant") entitling the holder to purchase one additional Share at a price of $0.30 per Share for a period of three years from issuance.

Finder's Fees of up to 7% Finder's Units will be payable. Each Finder's Unit will consist of one Share and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.30 per share for three years.

Certain directors and officers of the Company are expected to be subscribing for up to 600,000 Units for gross proceeds of up to $150,000. Such participation will be considered to be a "related party transaction" as defined under Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating directors and officers nor the consideration to be paid by such directors and officers is anticipated to exceed 25 percent of the Company's market capitalization.

The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. The Company intends to use the net proceeds from the Private Placement primarily for general working capital purposes.

The Private Placement is subject to approval by the Toronto Stock Exchange.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

"John Lee"

CEO and Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661

info@silverelef.com
www.silverelef.com

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release includes the use of proceeds raised from the Private Placement.

Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.

Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276619

FAQ

What is the size and price of Silver Elephant's December 2, 2025 private placement (SILEF)?

The company aims to raise $375,000 by issuing 1,500,000 units at $0.25 per unit.

What does each Silver Elephant unit include in the SILEF private placement?

Each unit includes one common share and one warrant exercisable at $0.30 for three years.

How much are directors and officers expected to subscribe in the SILEF private placement?

Certain directors and officers may subscribe for up to 600,000 units for gross proceeds up to $150,000.

Will Silver Elephant pay finder’s fees for the SILEF financing and how large are they?

Finder's fees of up to 7% may be payable, settled in Finder's Units under the offering.

When can purchasers trade the securities issued in Silver Elephant's private placement (SILEF)?

Securities will be subject to a four-month-plus-one-day regulatory hold from issuance.

What will Silver Elephant use the net proceeds from the SILEF private placement for?

The company intends to use net proceeds primarily for general working capital.

Is Silver Elephant's December 2, 2025 private placement subject to regulatory approval?

Yes, the private placement is subject to approval by the Toronto Stock Exchange.