Silver Elephant Announces $840,000 Non-Brokered Private Placement
Silver Elephant Announces $840,000 Non-Brokered Private
Placement
Vancouver, British Columbia, September 3, 2026 — Silver Elephant Mining Corp. (“Silver
Elephant” or the “ Company”) (TSX: ELEF, OTC QB: SILEF, Frankfurt: 1P2) is pleased to
announce a non-brokered private placement (the “ Private Placement”) to raise gross proceeds
of $840,000 through the sale of 7,0 00,000 units (the “ Units”) at a price of $0.12 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 $0.16 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 $0.16 per share for three years.
Insiders of Company are expected to subscribe for up to 2,000,000 Units for gross proceeds of
up to $240,000. The issuance of Units to insiders are considered “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 that optioned the Robinson-Lasher zinc-
germanium-gallium project in Kentucky located near a proposed US$7.4 billion smelter. The
Company also operates the Apuradita silver project 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
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.