Silver Elephant Received US$1.4 Million in Cash Proceeds from Apuradita Silver Concentrate Sales in 2026

Silver Elephant Mining Corp. (ELEF) reported the production and sale of three batches of silver-lead concentrate from its Apuradita project in Bolivia during 2026. The company generated approximately US$1.4 million in cash proceeds from these sales.

Total feed processed amounted to 4,547 tonnes with a weighted average grade of 297 g/t Ag and 0.9% Pb. Output totaled 84.7 dry tonnes of concentrate containing 24,538 ounces of silver and 20 tonnes of lead metal.

Underground mining continues at a steady rate of 400–600 tonnes per month using shrinkage stoping. A fourth concentrate batch is currently in preparation and scheduled for toll milling in October 2026.

Technical notes highlight QA/QC limitations on preliminary underground channel sampling, noting the absence of certified reference materials, blanks, or duplicates, with reliance on laboratory internal procedures and check assaying.

Silver Elephant Mining Corp. (ELEF) has confirmed the successful execution of its toll-milling and concentrate sales strategy, which was initiated in late 2025. The company generated $1.4 million in cash from three batches, a result that validates the operational model and provides working capital without immediate equity dilution.

The reported production rate of 400–600 tonnes per month aligns with previous management guidance and demonstrates consistent operational execution. This announcement serves as a direct follow-up to prior production updates regarding April and June 2026 sales, and does not introduce new strategic shifts, unexpected volume spikes, or major contract changes.

The inclusion of QA/QC limitations is a standard disclosure for early-stage channel sampling but does not materially alter the financial impact of the concentrate sales.

Silver Elephant Mining Corp. (ELEF) is a mineral exploration and development company focused on precious and base metals. Its flagship asset is the Apuradita Paca Project in Bolivia, an underground silver-lead-zinc operation that utilizes shrinkage stoping. The company has successfully transitioned from exploration to toll-milling and concentrate sales, generating consistent cash flow.

The company’s other assets include the Pulacayo Project in Bolivia, a silver-lead-zinc property subject to ongoing litigation; the Robinson-Lasher Project in Kentucky, USA, which contains zinc, germanium, and gallium and was recently acquired; the Ulaan Ovoo Coal Mine in Mongolia, which is leased to a major conglomerate; and the Triunfo Project in Bolivia, which hosts gold, silver, lead, and zinc. The company is currently in a production and verification stage, lacking NI 43-101 compliant mineral reserves for its primary assets.