Silver Elephant Increases Non-Brokered Private Placement to $825,000

Executive Summary

• Silver Elephant Mining Corp. increased its non‑brokered private placement to up to 3,300,000 units at $0.25 per unit, targeting gross proceeds of up to $825,000.
• Each unit includes one common share and one warrant to purchase an additional share at $0.32 for three years; finder’s fees of up to 7% may be paid in kind.
• Net proceeds are intended primarily for directors’ fees and general working capital, and the placement is subject to a four‑month hold period and TSX acceptance.

Key Details

• Private Placement Size: Up to 3,300,000 units (previously announced on Jan 19 & Jan 23, 2026).
• Unit Price: $0.25 per unit → Gross Proceeds: up to $825,000.
• Unit Composition:
• 1 common share of Silver Elephant Mining Corp.
• 1 share purchase warrant (right to buy one additional share at $0.32 for three years).
• Finder’s Fees: Up to 7% of the placement may be paid in “Finder’s Units” (each consisting of 1 share + 1 non‑transferable warrant with same exercise terms).
• Use of Proceeds: Primarily to cover directors’ fees and general working capital.
• Regulatory Hold Period: Four months plus one day from issuance, per Canadian securities law.
• Exchange Acceptance: Placement subject to final acceptance by the Toronto Stock Exchange.
• Related Litigation: Company continues efforts to collect amounts owed by Andean Precious Metals Corp. pursuant to an arbitration award (referenced from Jan 28, 2026 release).

Notable Quotes

• “The additional capital will support our ongoing operational needs and allow us to continue advancing our silver‑lead‑zinc project in Bolivia.” – John Lee, CEO and Executive Chairman.