Silver Elephant Mining Corp. Raises Private Placement Offering to $825,000

Silver Elephant Mining Corp. has announced an increase in its non-brokered private placement offering to $825,000. The company initially set the financing target at a lower amount but decided to raise it due to investor demand. This adjustment reflects the company’s ongoing efforts to secure additional funding for its operations and projects.

The private placement involves the issuance of units, each consisting of one common share and one warrant, which allows holders to purchase additional shares at a predetermined price within a specified timeframe. The proceeds from this offering will be allocated toward general working capital and advancing Silver Elephant’s mining projects. The company has not disclosed further details about the timeline or specific allocation of funds but stated that the offering remains subject to regulatory approvals.

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Date: February 3, 2026

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