Workflow
Silver Elephant Mining Corp.
icon
Search documents
Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement
TMX Newsfile· 2026-02-13 21:50
Core Viewpoint - Silver Elephant Mining Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $825,000 from the sale of units at a price of $0.25 per unit [1][2]. Group 1: Private Placement Details - The second tranche raised gross proceeds of $260,000 through the sale of 1,040,000 units, bringing the total raised from both tranches to $825,000 [1]. - Each unit consists of one common share and one share purchase warrant, allowing the holder to purchase an additional share at $0.32 for three years [2]. - The company issued 28,000 finder's units to eligible finders, with the same terms as the warrants in the units [2]. Group 2: Insider Participation - Three insiders subscribed for a total of $85,000, which is classified as a related party transaction under Multilateral Instrument 61-101 [3]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements, as the insiders' participation did not exceed 25% of the fair market value of the company's market capitalization [3]. Group 3: Use of Proceeds and Regulatory Information - Proceeds from the private placement are intended for general corporate purposes [4]. - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue [4]. Group 4: Company Overview - Silver Elephant Mining Corp. is focused on the development of its silver-lead-zinc project in Bolivia [6].
Silver Elephant Increases Non-Brokered Private Placement to $825,000
TMX Newsfile· 2026-02-03 18:16
Core Viewpoint - Silver Elephant Mining Corp. has announced an increase in its non-brokered private placement to a total of 3,300,000 units at a price of $0.25 per unit, aiming for gross proceeds of up to $825,000 [1] Group 1: Private Placement Details - Each unit in the private placement consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $0.32 for three years [1] - Finder's fees of up to 7% may be payable, with each Finder's Unit also consisting of one share and one non-transferable warrant [2] - The net proceeds from the private placement will primarily be used for directors' fees and general working capital [2] Group 2: Regulatory and Financial Information - The securities issued are subject to a regulatory hold period of four months plus one day from the date of issue under Canadian securities laws, and the placement is subject to final acceptance by the Toronto Stock Exchange [3] - The company is also pursuing amounts owed from Andean Precious Metals Corp. as per an arbitration award [3] Group 3: Company Overview - Silver Elephant is focused on the development of its silver-lead-zinc project in Bolivia [4]
Silver Elephant Receives Favorable Arbitration Award in Dispute with Andean Precious Metals
TMX Newsfile· 2026-01-28 14:18
Core Viewpoint - Silver Elephant Mining Corp. has received a favorable arbitration award against Andean Precious Metals Corp. regarding a contractual dispute, resulting in a financial recovery for the company [1][2]. Group 1: Arbitration Outcome - The arbitrator ruled that Andean breached the Master Services Agreement (MSA) by failing to pay an additional consideration of USD 1.0 million to Silver Elephant, along with pre-judgment interest of approximately USD 36,077.37 [2]. - All counterclaims made by Andean were rejected, including allegations of wrongful termination of the MSA and illegal mining activities [3]. Group 2: Financial Recovery - A security deposit of USD 274,553.55 paid by Andean in 2024 will be set off against the additional consideration owed to Silver Elephant, leading to a substantial net recovery for the company [4]. Group 3: Ongoing Disputes - Silver Elephant is evaluating further claims against Andean related to ongoing mining activities in the Paca area, which is part of a Mining Production Contract (MPC) that has been in dispute since December 31, 2024 [5]. - The MPC grants Silver Elephant exclusive rights to mine and develop the Pulacayo and Paca projects since 2019, and the company is pursuing various administrative and judicial avenues to reinstate the MPC [5].
Silver Elephant Announces Favorable Tax Tribunal Ruling in Mongolia
TMX Newsfile· 2026-01-28 14:05
Core Viewpoint - Silver Elephant Mining Corp. has successfully dismissed a supplementary tax assessment from the Mongolian tax authorities, which alleged a total of MNT 63.8 billion (approximately CAD 24.6 million) in taxes and penalties against its subsidiary, Redhill Mongolian LLC [2][3]. Group 1: Tax Assessment Details - The supplementary tax assessment was issued on September 11, 2024, and was related to corporate income tax, value-added tax, and associated penalties stemming from the company's internal restructuring of its Mongolian subsidiaries in 2021 [2]. - Following a hearing on January 23, 2026, the Mongolian Tax Tribunal ruled in favor of Redhill, dismissing the tax assessment entirely [3]. Group 2: Tribunal Decision - The Tribunal's decision is final, and the official written decision is expected to be delivered in February 2026 [3]. - The cancellation of the tax assessment is a significant outcome for Silver Elephant, alleviating potential financial burdens related to the alleged tax liabilities [3]. Group 3: Company Overview - Silver Elephant Mining Corp. is focused on mineral exploration, particularly developing its silver-lead-zinc project in Bolivia [4]. - Further information about the company can be accessed through its official website [4].
Silver Elephant Closes First Tranche of Non-Brokered Private Placement for Gross Proceeds of $565,000
TMX Newsfile· 2026-01-23 21:34
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE:1P2) ("Silver Elephant" or the "Company") announces that, further to its news release dated January 19, 2026, it has closed the first tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of $565,000 through the sale of 2,260,000 units (the "Units") at a price of $0.25 per unit. Each Unit consists of one common share of the Company (each, a ...
Silver Elephant Announces a $625,000 Non-Brokered Private Placement
TMX Newsfile· 2026-01-19 13:10
Core Viewpoint - Silver Elephant Mining Corp. is conducting a non-brokered private placement to raise gross proceeds of $625,000 through the sale of 2,500,000 units at a price of $0.25 per unit, with each unit consisting of one common share and one share purchase warrant [1] Group 1: Private Placement Details - The private placement aims to raise $625,000 by selling 2,500,000 units at $0.25 each, with each unit including one common share and one warrant [1] - Each warrant allows the holder to purchase an additional share at $0.32 for three years [1] - Finder's fees of up to 7% will be payable, with each Finder's Unit consisting of one share and a non-transferable warrant [2] Group 2: Related Party Transactions - Certain directors and officers are expected to subscribe for up to 550,000 units, generating gross proceeds of up to $137,500, which is classified as a related party transaction [3] - The company plans to rely on exemptions from minority shareholder approval and formal valuation requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [3] Group 3: Use of Proceeds and Regulatory Compliance - The net proceeds from the private placement will primarily be used for directors' fees and general working capital [4] - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue, and the private placement is subject to approval by the Toronto Stock Exchange [4] Group 4: Company Overview - Silver Elephant Mining Corp. is focused on the development of its silver-lead-zinc project in Bolivia [5]
Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $85,000
TMX Newsfile· 2025-12-29 21:32
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE:1P2) ("Silver Elephant" or the "Company") announces that, further to its news releases dated December 2, 2025 and December 12, 2025, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of $85,000 through the sale of 340,000 units (the "Units") at a price of $0.25 per Unit. Each Unit consists of one comm ...
Silver Elephant Closes First Tranche of Non-Brokered Private Placement for Gross Proceeds of $290,000
Newsfile· 2025-12-12 22:29
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that, further to its news release dated December 2, 2025, it has closed the first tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of $290,000 through the sale of 1,160,000 units (the "Units") at a price of $0.25 per unit. Each Unit consists of one common share of the Company (each, ...
Silver Elephant Announces a $375,000 Non-Brokered Private Placement
Newsfile· 2025-12-02 13:02
Core Viewpoint - Silver Elephant Mining Corp. is conducting a non-brokered private placement to raise gross proceeds of $375,000 through the sale of 1,500,000 units at a price of $0.25 per unit [1] Group 1: Private Placement Details - The private placement consists of 1,500,000 units, each unit includes one common share and one share purchase warrant [1] - Each warrant allows the holder to purchase one additional share at a price of $0.30 for three years from issuance [1] - Finder's fees of up to 7% will be payable, with each Finder's Unit consisting of one share and one non-transferable share purchase warrant [2] Group 2: Related Party Transactions - Certain directors and officers are expected to subscribe for up to 600,000 units for gross proceeds of up to $150,000, which is classified as a related party transaction [3] - The company plans to rely on exemptions from minority shareholder approval and formal valuation requirements under MI 61-101 [3] Group 3: Use of Proceeds and Regulatory Information - The net proceeds from the private placement will primarily be used for general working capital purposes [4] - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue [4] - The private placement is subject to approval by the Toronto Stock Exchange [4] Group 4: Company Overview - Silver Elephant Mining Corp. is a mineral exploration company with gold and silver projects located in Bolivia [5]
Oracle Commodity Holding Receives Final Approval for the Amended Royalty Agreements with Silver Elephant
Newsfile· 2025-11-25 21:38
Core Viewpoint - Oracle Commodity Holding Corp. has received final approval from the TSX Venture Exchange for amended royalty agreements with Silver Elephant Mining Corp., consolidating previous arrangements related to Silver Elephant's coal and silver properties [1][2]. Group 1: Amended Agreements - The amended and restated net smelter return royalty agreements will replace and consolidate prior royalty arrangements concerning Silver Elephant's Mongolian coal properties and Bolivian silver properties [2]. - Silver Elephant continues to guarantee the payment of royalties under the amended agreements on behalf of its subsidiaries, which are the royalty payors [2]. Group 2: Related Party Transactions - The amended agreements are classified as "related party transactions" under Multilateral Instrument 61-101, which protects minority security holders in special transactions [3]. - Oracle Commodity Holding has relied on available exemptions from formal valuation and minority shareholder approval requirements in relation to the amended agreements [3]. Group 3: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on various precious metal and critical mineral mining projects [4].