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Silver Elephant Mining ( (TSE:ELEF) ) just unveiled an announcement.
Silver Elephant Mining Corp. has initiated arbitration proceedings against Andean Precious Metals Corp. to recover US$1,000,000 plus fees, following Andean’s failure to pay the agreed additional consideration under a Master Services Agreement. The arbitration process has faced delays due to disagreements over arbitrator selection, prompting Silver Elephant to seek court intervention. Additionally, Silver Elephant is addressing Andean’s commercial activities in areas covered by its Mining Production Contract with Comibol, which is currently under appeal.
More about Silver Elephant Mining
Silver Elephant Mining Corp. operates in the mining industry, focusing on the extraction and sale of mineral resources, particularly silver. The company is involved in agreements to sell and deliver mining materials and has a market presence in North America and Europe.
YTD Price Performance: 26.32%
Average Trading Volume: 103,306
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.71M
See more insights into ELEF stock on TipRanks’ Stock Analysis page.