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Silver Elephant Early Warning Report

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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 Corp. (OTCQB: SILEF) ha ridotto la propria partecipazione in Oracle Commodity Holding Corp. vendendo 4 milioni di azioni ordinarie per un ricavato complessivo di $60.000 il 2 settembre 2025.

A seguito dell’operazione, la quota di Silver Elephant in Oracle è diminuita dal 23,77% al 19,92% su base non diluita e al 15,53% su base completamente diluita, pari a una riduzione delle partecipazioni del 3,85%. La società intende impiegare il ricavato per il capitale circolante generale e potrà adeguare la propria partecipazione in Oracle in funzione delle condizioni di mercato.

Silver Elephant Mining Corp. (OTCQB: SILEF) ha reducido su participación en Oracle Commodity Holding Corp. mediante la venta de 4 millones de acciones ordinarias por un importe total de $60,000 el 2 de septiembre de 2025.

Tras la transacción, la participación de Silver Elephant en Oracle descendió del 23,77% al 19,92% en base no diluida y al 15,53% en base totalmente diluida, lo que representa una reducción del 3,85% en su participación accionarial. La compañía planea destinar los fondos a capital de trabajo general y podría ajustar sus posiciones en Oracle según las condiciones del mercado.

Silver Elephant Mining Corp. (OTCQB: SILEF)는 2025년 9월 2일 보통주 400만 주를 매도해 총 $60,000의 수익을 올리며 Oracle Commodity Holding Corp. 지분을 축소했습니다.

거래 후 Silver Elephant의 Oracle 지분은 비희석 기준으로 23.77%에서 19.92%로, 완전 희석 기준으로는 15.53%로 감소했으며, 이는 지분의 3.85% 축소에 해당합니다. 회사는 수익금을 일반 운전자본으로 사용할 예정이며 시장 상황에 따라 Oracle 지분을 조정할 수 있습니다.

Silver Elephant Mining Corp. (OTCQB: SILEF) a réduit sa participation dans Oracle Commodity Holding Corp. en vendant 4 millions d’actions ordinaires pour un produit total de 60 000 $ le 2 septembre 2025.

À la suite de la transaction, la détention de Silver Elephant dans Oracle est passée de 23,77% à 19,92% sur une base non diluée et à 15,53% sur une base totalement diluée, soit une diminution de 3,85% de ses participations. La société prévoit d’utiliser le produit pour le fonds de roulement général et pourra ajuster sa participation dans Oracle en fonction des conditions de marché.

Silver Elephant Mining Corp. (OTCQB: SILEF) hat seinen Anteil an Oracle Commodity Holding Corp. durch den Verkauf von 4 Millionen Stammaktien am 2. September 2025 für insgesamt $60.000 reduziert.

Nach der Transaktion sank Silver Elephants Beteiligung an Oracle von 23,77% auf 19,92% auf nicht verwässerter Basis und auf 15,53% auf voll verwässerter Basis, was einer Reduktion der Anteilsquote um 3,85% entspricht. Das Unternehmen plant, den Erlös für das allgemeine Betriebskapital zu verwenden und kann seine Oracle-Beteiligung je nach Marktbedingungen anpassen.

Positive
  • Generated $60,000 in cash for working capital
Negative
  • Reduced strategic ownership in Oracle from 23.77% to 19.92%

Vancouver, British Columbia--(Newsfile Corp. - September 3, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that on September 2, 2025, it sold 4,000,000 common shares in the capital of Oracle Commodity Holding Corp. ("Oracle") through the facilities of the TSX Venture Exchange for total consideration of $60,000 (the "Oracle Share Sale").

Prior to the Oracle Share Sale, Silver Elephant held 24,700,110 Oracle common shares, representing approximately 23.77% of Oracle's issued and outstanding common shares. After the Oracle Share Sale, Silver Elephant now holds 20,700,110 Oracle Shares representing approximately 19.92% of Oracle's issued and outstanding common shares on a non-diluted basis and 15.53% on a fully diluted basis. This represents a change of 3.85% in Silver Elephant's shareholdings in Oracle.

Silver Elephant will use the proceeds from the Oracle Share Sale for general working capital purposes. Silver Elephant may from time to time increase or decrease ownership or control of securities of Oracle depending on market conditions and/or other relevant factors.

A copy of the early warning report has been filed on www.sedarplus.ca.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with 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 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/265003

FAQ

How many Oracle shares did Silver Elephant Mining (SILEF) sell on September 2, 2025?

Silver Elephant Mining sold 4 million common shares of Oracle Commodity Holding Corp. for total proceeds of $60,000.

What is Silver Elephant Mining's (SILEF) current ownership percentage in Oracle after the share sale?

After the sale, Silver Elephant Mining now owns 19.92% of Oracle's shares on a non-diluted basis and 15.53% on a fully diluted basis.

How will Silver Elephant Mining (SILEF) use the proceeds from the Oracle share sale?

Silver Elephant Mining will use the $60,000 proceeds from the Oracle share sale for general working capital purposes.

What was the percentage change in Silver Elephant Mining's (SILEF) ownership of Oracle?

The transaction represented a 3.85% decrease in Silver Elephant Mining's shareholdings in Oracle, reducing from 23.77% to 19.92%.
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