Northwire Canada EditionWednesday, July 29, 2026
Sign inSubscribe
Northwire
⌕
ACS 0.070 +0.0% EMPR 0.830 −1.2% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.20 −3.5% CDA 0.890 +0.0% AUMB 0.570 −1.7% BOL 0.075 +15.4% ABRA 13.68 −5.1% GMIN 40.53 −3.7% PBM 0.045 +0.0% AEF 0.150 +3.5% EDCU 0.425 −6.6% ACS 0.070 +0.0% EMPR 0.830 −1.2% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.20 −3.5% CDA 0.890 +0.0% AUMB 0.570 −1.7% BOL 0.075 +15.4% ABRA 13.68 −5.1% GMIN 40.53 −3.7% PBM 0.045 +0.0% AEF 0.150 +3.5% EDCU 0.425 −6.6%
Financings

Silver Elephant trims Oracle Commodity interest to 15%

By The Northwire Desk — AI Analysis Sep 05, 2025 · 19:26 ELEF · 0.185 Silver Elephant Mining Corp.
ELEF · Price

Executive Summary

  • Silver Elephant Mining Corp. sold 5,000,000 common shares of Oracle Commodity Holding Corp. for a total consideration of $90,000.
  • The sale reduced Silver Elephant’s ownership in Oracle from ~19.92% to ~15.11% (non‑diluted) and to ~11.78% on a fully diluted basis.
  • Proceeds will be used for general working capital purposes.

Key Details

  • Sale executed on Sept. 3–4, 2025 through TSX Venture Exchange facilities.
  • Aggregate consideration received: $90,000 (cash).
  • Pre‑sale holding: 20,700,110 Oracle common shares (~19.92% of outstanding).
  • Post‑sale holding: 15,700,110 Oracle common shares (~15.11% non‑diluted; ~11.78% fully diluted).
  • Ownership change: 4.81 percentage points reduction in Silver Elephant’s stake.
  • Use of proceeds: general working capital for Silver Elephant Mining Corp.
  • Company may adjust its Oracle holdings in the future based on market conditions or other factors.

Notable Quotes

(No CEO/President quotes provided in the release.)

Read the original news release →

More from Silver Elephant Mining Corp.

Jul 27, 2026 · 08:01

Silver Elephant’s Apuradita channel sampling confirmed high-grade silver, though QA/QC gaps and a lack of reserves cap the project's upside potential.

Drill Results Jul 06, 2026 · 12:27

Silver Elephant rehashes unverified historical germanium and zinc assays at its newly optioned Kentucky MVT project.

Drill Results Jul 06, 2026 · 09:30

Silver Elephant Leases Ulaan Ovoo Coal Mine in Mongolia to Major Mining and Industrial Conglomerate

M&A / Property Jun 17, 2026 · 09:41

Silver Elephant files a cross-border lawsuit as Andean Extracts pulls $100m from the Pulacayo oxide deposit, intensifying the legal dispute over the contract.

Regulatory Jun 12, 2026 · 08:20

Silver Elephant Expects June Sale of New Silver Concentrate Batch Ahead of Schedule

Production / Operations Jun 12, 2026 · 07:02

Silver Elephant to Acquire High-Grade Robinson-Lasher Zinc-Germanium-Gallium Project in Kentucky, 90 Miles from Proposed US$7.4 Billion Korea Zinc Smelter in Tennessee

M&A / Property