Silver Elephant Early Warning Report

Core Viewpoint - Silver Elephant Mining Corp. has sold 3,000,000 common shares of Oracle Commodity Holding Corp. for a total of $60,035, reducing its ownership stake in Oracle from approximately 31.45% to 28.56% on a non-diluted basis [1][2]. Group 1: Share Sale Details - The sale occurred on July 18 and July 21, 2025, through the TSX Venture Exchange [1]. - Prior to the sale, Silver Elephant held 32,700,110 shares of Oracle, which represented approximately 31.45% of Oracle's total shares [2]. - After the sale, Silver Elephant now holds 29,700,110 shares, representing approximately 28.56% on a non-diluted basis and 22.27% on a fully diluted basis, indicating a decrease of 2.89% in its shareholding [2]. Group 2: Use of Proceeds - The proceeds from the Oracle Share Sale, amounting to $60,035, will be utilized for general working capital purposes [3]. - The company may adjust its ownership in Oracle based on market conditions and other relevant factors [3]. Group 3: Company Overview - Silver Elephant Mining Corp. is a mineral exploration company focused on silver projects located in Bolivia [4].