Silver Elephant to Assay Historic Drill Cores for Germanium, Prepare Technical Report on the Robinson-Lasher Zinc-Germanium-Gallium Project

Silver Elephant Mining Corp. has engaged Mercator Geological Services Limited to prepare an independent NI 43-101 technical report for its Robinson-Lasher zinc-germanium-gallium project in Kentucky. Completion of the technical report is expected by the end of October 2026.

The company has commenced a core sampling and assay program on archived 2008 drill core to verify and extend historical germanium and gallium results. Sampling covers 151.9 feet across four historical holes (DXHR-01, DXHR-02, DXHR-03, DXHL-01) using portable X-ray fluorescence and laboratory analysis at the University of Kentucky. Historical 2008 assays highlighted high-grade zinc intervals with significant germanium and gallium values, specifically in holes DXHR-01 and DXHR-03.

The company explicitly states the technical report will consolidate historical potential but is not expected to include a current mineral resource estimate. Historical data limitations are noted: germanium/gallium analysis was only performed on two of the four holes, true widths are unknown, and intervals approximate true thickness due to vertical drilling. QA/QC for the current program includes matrix-matched external standards, internal standards, and rigorous laboratory procedures.

Next steps include completing sampling in Q4 2026, receiving results 2-3 weeks post-submission, followed by database validation, confirmatory drilling, and preliminary metallurgical testwork.

Silver Elephant Mining Corp. (ELEF) has released a routine follow-up to its June 2026 acquisition of the Robinson-Lasher project. Management is currently executing on the exploration plan by verifying historical data and preparing a technical report, a standard prerequisite for advancing a mineral property.

The release includes an explicit disclaimer that the technical report will not contain a current mineral resource estimate. The market likely anticipated this verification step post-acquisition, and the news confirms progress without altering the fundamental risk profile or valuation drivers at this stage. No material positive or negative impact is expected on the stock price, as the release is incremental and aligns with prior guidance.

Silver Elephant Mining Corp. (ELEF) is a mineral exploration and early-production company listed on the TSX, Frankfurt, and OTCQX. Its flagship asset is the Apuradita Silver Project in Bolivia, where underground mining using shrinkage stoping operates at a rate of 400-600 tonnes per month. In 2026, the company successfully produced and sold multiple batches of silver-lead concentrate, generating approximately $1.4 million USD in cash proceeds with an estimated 35% cash flow margin.

The company also holds other assets, including the Robinson-Lasher project in Kentucky, which focuses on zinc, germanium, and gallium; the Ulaan Ovoo coal mine in Mongolia, which is leased; and the Pulacayo-Paca project in Bolivia, which is currently under litigation. All of the company's properties are in the exploration or early production stage. No mineral reserves have been established, and the company lacks a history of sustained profitable operations.