Silver Elephant Delivers Additional 3,771 Tonnes of Coal to China from its Ulaan Ovoo Mine in Mongolia
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Silver Elephant Delivers Additional 3,771 Tonnes of Coal
to China from its Ulaan Ovoo Mine in Mongolia
Vancouver, British Columbia, February 22, 2023 – Silver Elephant Mining Corp. (“Silver
Elephant” or “the Company”) (TSX: ELEF, OTCQX: SILEF, Frankfurt:1P2N) announces
that, further to its news release dated February 1, 2023, two separate rail shipments totaling
3,771 tonnes of coal have departed for China from its Ulaan Ovoo mine in Mongolia.
“The Company has consistently demonstrated its capability to export quality thermal coal to China
from Mongolia since December 2022. The Company is planning to expand Ulaan Ovoo operation
as we continue to receive inquiries from major Chinese coal buyers.” commented John Lee, CEO
of the Company.
Further coal shipment will resume after Mongolian lunar new year (February 21 to February 24).
The Company expects to fulfill the 15,000 -tonne sales and purchase contract with Hong Kong
based coal buyer by March 31, 2023.
About Mega Thermal Coal Corp.
Mega Ther mal Coal Corp. is a wholly -owned subsidiary of Silver Elephant, which owns and
operates the Ulaan Ovoo mine. Mega Thermal Coal Corp. also owns and operates Chandgana
Khavtgai and Chandgana Tal coal mines in Mongolia.
Further information on Mega Coal can be found at www.megacoal.ca.
About Silver Elephant Mining Corp.
Silver Elephant Mining Corp. is a premier silver mining and exploration company, with its flagship
Pulacayo silver project in Bolivia . It also owns 100% of Mega Thermal Coal Corp and 39% of
Oracle Commodity Holding Corp. (“Oracle”). Oracle has equity and royalty investments in nickel
and vanadium mining companies.
Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
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John Lee
CEO
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
[email protected] / www.silverelef.com
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in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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respect to the debt settlements, the terms of the debt settlements, and the completion of the debt
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