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Silver Elephant Increases Non-Brokered Private Placement to $825,000
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Silver Elephant Mining Corp.&...
About this update from Silver Elephant Mining Corp
[{"type":"text","content":"Silver Elephant Increases Non-Brokered Private Placement to $825,000Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) (\"Silver Elephant\" or the \"Company\") announces that it has increased the size of its non-brokered private placement (the \"Private Placement\") previously announced in its news releases of January 19, 2026 and January 23, 2026, to an aggregate of up to 3,300,000 units (each, a \"Unit\") at a price of $0.25 per Unit, for gross proceeds of up to $825,000. Each Unit consists of one common share of the Company (each, a \"Share\") and one share purchase warrant (each, a \"Warrant\"), with each Warrant entitling the holder to purchase one additional Share at a price of $0.32 per Share for a period of three years from the date of issuance.Finder's Fees of up to 7% 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, with 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 directors' fees and general working capital purposes.The securities issued in connection with the Private Placement are subject to a regulatory hold period of four months plus one day from the date of issue under applicable Canadian securities laws. The Private Placement is subject to final acceptance by the Toronto Stock Exchange. Further to the Company's news release dated January 28, 2026, the Company continues its efforts to collect amounts owing from Andean Precious Metals Corp. pursuant to the arbitration award.About Silver Elephant Mining Corp.Silver Elephant is a mineral exploration company focused on the development of its silver-lead-zinc 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 ChairmanFor more information about Silver Elephant, please contact Investor Relations:+1.604.569.3661 [email protected] INFORMATIONThis news release contains \"forward-looking information\" and \"forward-looking state...