Silver Elephant Mining Corp. announces it has closed the third and final tranche of its private placement offering announced on September 6, 2021 which was upsized as described in a news release on October 22, 2021. Pursuant to the Closing, the Company issued 8,163,640 Shares for gross proceeds of $1,796,000. In total, the Company raised $3,740,000 through the aggregate sale of 17,000,000 common shares of the Company at [...]
Silver Elephant Mining Corp. is pleased to announce that further to its press releases on August 26 and September 23 2021 regarding the creation and planned spin-out of its 100% owned Minago Nickel Project in Manitoba to form Flying Nickel Mining Corp., Silver Elephant has entered into an agreement with Red Cloud Securities to act as lead agent and sole bookrunner on behalf of a syndicate of agents, including Canaccord [...]
Silver Elephant Mining Corp. announces that it will hold a Special Meeting of Shareholders on December 14, 2021, at 9:00 am PST . The purpose of the Special Meeting is to seek Shareholder approval to the Plan of Arrangement and Spin-Out of the Company's Nickel and Vanadium assets as previously announced in the Company's news releases dated August 26, 2021 and September 23, 2021. The Notice of Meeting and Information [...]
Silver Elephant Mining Corp. announces that, further to its news release dated September 6, 2021, it has closed the second tranche of its previously announced private placement offering of 15,000,000 common shares of the Company at a price per Share of $0.22 for aggregate gross proceeds of $3,300,000 . Pursuant to the Closing, the Company issued an aggregate of 4,662,727 Shares for aggregate gross proceeds from the [...]
Silver Elephant Mining Corp. is pleased to announce that, further to its press release dated August 30, 2021, it has filed its independent Technical Report titled "Gibellini Vanadium Project, Eureka County, Nevada, NI 43-101 Technical Report on Preliminary Economic Assessment Update" with a report date of October 8, 2021 and an effective date of August 30, 2021. The Report was prepared by Wood Group USA, Inc and Mine [...]
Silver Elephant Mining Corp. is pleased to announce the appointment of Robert Van Drunen as the Company's Chief Operating Officer. Mr. Van Drunen joined the Company as a consultant in May 2021 and will transition to his new role effective September 27, 2021. Robert Van Drunen, who is based in Thompson, Manitoba, has over 30 years of experience with Vale and Inco. He started his mining career with Inco in 1990 and [...]
Silver Elephant Mining Corp. announces that, further to its news release dated September 6, 2021, it has closed the first tranche of its previously announced private placement offering of 15,000,000 common shares of the Company at a price per Share of $0.22 for aggregate gross proceeds of $3,300,000 . Pursuant to the Closing, the Company issued an aggregate of 4,173,632 Shares for aggregate gross proceeds from the [...]
Silver Elephant Mining Corp. is pleased to provide the following update further to its news release dated August 26, 2021 with respect to the Company's proposed plan of arrangement to spin-out its Manitoba based Minago Nickel project , its Nevada based Gibellini Vanadium project , and Battery Metals Royalties into Flying Nickel Mining Corp. , Nevada Vanadium Mining Corp. , and Battery Metals Royalties Corp. . Further to [...]
Silver Elephant Mining Corp. is pleased to report that all proposed resolutions were approved at the Company's Annual General and Special Meeting of shareholders held on September 10, 2021, via teleconference . Voting Results were as follows: Votes in Favour Votes Against Abstained 1. The number of directors was fixed at four 21,135,892 36,560 0 2. Election of Directors John Lee 19,882,165 0 1,290,286 Greg Hall 21,142,804 [...]
Silver Elephant Mining Corp. announces that, subject to the approval of the Toronto Stock Exchange , it proposes to undertake a non-brokered private placement of up to 15 million common shares of the Company at a price of $0.22 per Share to raise aggregate gross proceeds of up to $3,300,000. The Shares will be subject to a hold period of four months plus one day from the date of issue. Closing of the Placement is expected [...]
Silver Elephant Mining Corp. is pleased to report the ongoing exploration at both the Pulacayo silver project and the El Triunfo gold-silver project in Bolivia are yielding encouraging results as follows: Pulacayo District Exploration Further to news dated June 21, 2021, Silver elephant has drilled 1,972 meters of its announced 2,000m drill program. Drilling has been completed at El Abra, Veta Quattro, and Pacamayo [...]
Silver Elephant Mining Corp. is pleased to announce the results of a preliminary economic assessment for its Gibellini vanadium project that demonstrates an after-tax internal rate of return of 25.4%, and after-tax cumulative cash flow of $260.8 million, assuming an average vanadium pentoxide price of $10.00 per pound. The Gibellini project is designed to be an open pit, heap leach operation in Nevada's Battle Mountain [...]