Northwire Canada EditionThursday, November 12, 2026
Northwire
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Financings

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

ELEF · Price

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.
Read the original news release →

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