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Silver Elephant Signs Toll Milling Agreement and Ready to Start Apuradita Silver-Bearing Shipments in Early August 2025
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Silver Elephant Mining Corp.
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About this update from Silver Elephant Mining Corp
[{"type":"text","content":"Silver Elephant Signs Toll Milling Agreement and Ready to Start Apuradita Silver-Bearing Shipments in Early August 2025Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) (\"Silver Elephant\" or the \"Company\") is pleased to announce that it will commence shipping silver-bearing materials from its Apuradita Paca Project (\"Apuradita\") in Bolivia for toll milling. Shipments will begin the first week of August under a newly executed toll-milling agreement with an arms-length Bolivian private company. Pursuant to the terms of the toll-milling agreement dated July 7, 2025, Silver Elephant's Bolivian subsidiary will deliver up to 10,000  tonnes of oxide and sulphide-bearing materials for treatment at a fixed toll milling fee. The agreement may be extended as more Apuradita resource is developed. The toll milling facility (the \"Toll Milling Facility\") will generate a high-grade lead - silver and zinc - silver concentrates from the Apurdita silver materials feed. The Company will then sell the concentrates to an international concentrate buyer under a proposed contract. As at July 23, 2025, the Company has stockpiled approximately 1,000 tonnes of silver-bearing materials from Apuradita. The mineralized materials will be trucked to the Toll Milling Facility for processing located approximately 180 km from Apuradita. The Apuradita mining claim is registered under Silver Elephant's Bolivia subsidiary with the Bolivian Jurisdictional Administrative Mining Authority. Apuradita is not within the area covered under the Mining Production Contract between the Company and the Corporacion Minera de Bolivia (COMIBOL). Silver Elephant maintains its near-term monthly production target of 1,000 to 2,000 tonnes of silver-mineralized materials. The Company currently forecasts approximately 10,000 tonnes of mineralized feed over the first campaign, with further upside potential once additional resources are developed. To date, the main Apuradita tunnel has advanced approximately 175 meters, and in addition, branch drifts of  9 meters to the west and 14 meters to the east have been developed, each positioned to access additional mineralized zones. Logistics have been secured with a fleet...