Finder’s Fees of up to 7% of the Finder’s Units may be payable in connection with the Private Placement. Each Finder’s Unit will consist of one Share and one non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional Share of the Company at a price of $0.32 per share for three years from the date of issuance.
The Company intends to use the net proceeds from the Private Placement primarily for director compensation and general working capital purposes.
The securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus one day from the date of issuance under applicable Canadian securities laws. The Private Placement is subject to final acceptance by the Toronto Stock Exchange.
Following the company’s press release dated January 28, 2026, the company is continuing its efforts to collect amounts owed to Andean Precious Metals Corp. in accordance with the arbitral award.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company focused on developing its silver-lead-zinc project in Bolivia.
More information about Silver Elephant can be found at www.zilverelef.com.
Silver Elephant Mining CORP.
ON BEHALF OF THE BOARD
“John Lee”
CEO and Executive Chairman
FORWARD-LOOKING INFORMATION
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information generally can be identified by the use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “could,” “estimates,” “expects,” “predicts,” “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 that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information in this press release includes the use of proceeds 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 those anticipated in the forward-looking statements, including, but not limited to: market conditions; changes in business plans; the ability to secure sufficient financing to advance the Company’s mining projects; and general economic conditions. Additional risk factors about the Company are set forth in the Company’s most recent annual and interim management discussions and analyzes and the Annual Information Form available under the Company’s profile on SEDAR at www.sedarplus.ca.
Forward-looking information is based on management’s reasonable assumptions as of the date of this press release, and no assurance can be given that actual results will be consistent with the forward-looking information contained herein. Readers are cautioned that all forward-looking statements contained in this press release are made as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking information contained in this press release to reflect circumstances or events occurring after the date of this press release, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282554
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