Northwire Canada EditionThursday, July 23, 2026
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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Financings

Silver Elephant Announces a $625,000 Non-Brokered Private Placement

Production Milestones Overshadowed by Severe Working Capital Deficit and Related-Party Debt Settlements

By The Northwire Desk — AI Analysis Jan 19, 2026 · 08:10 ELEF · 0.31 Silver Elephant Mining Corp.
Executive Summary
  • Silver Elephant has announced a non-brokered private placement to raise $625,000 through the issuance of 2,500,000 units.
  • Each unit is priced at $0.25, consisting of one common share and one warrant exercisable at $0.32 for 36 months.
  • The use of proceeds is explicitly stated for "directors' fees" and "general working capital."
  • The placement is a related-party transaction, with directors and officers participating.
  • This news follows a series of small, incremental raises in December 2025 ($290,000 and $85,000) at the same $0.25 price point.
Material Impact
  • The material impact is neutral to slightly negative for common shareholders. While it provides immediate liquidity, the primary use of funds to pay directors' fees suggests the company is unable to cover basic overhead from operations despite reaching commercial production at Apuradita.
  • The $0.25 price represents a significant ~19% discount to the market price of $0.31 on the last trading day prior to the news (Jan 16, 2026).
  • This is a survival-level financing. The recurring nature of these small "non-brokered" placements (four raises in the last two months) indicates a "hand-to-mouth" existence rather than a strategic capital infusion for growth.
  • The positive news of the first concentrate sale in November 2025 (US$47.4/oz silver price realized) has not yet translated into a balance sheet strong enough to avoid dilutive, discounted raises.
ELEF · Price
Company Overview
  • Silver Elephant is a silver producer with its flagship Pulacayo-Paca project in Potosi, Bolivia.
  • Flagship Project: Pulacayo Paca is a high-grade silver-lead-zinc project.
  • Current Status: The company is currently toll-milling material from the Apuradita zone (30-50 tonnes/day) while disputing the cancellation of its larger MPC area with the Bolivian government.
  • Recent Success: Achieved commercial concentrate sales in November 2025 with grades of 5,853 g/t Ag.
Read the original news release →

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