Silver Elephant Raises $85,000 in Final Tranche of Private Placement

The latest announcement is out from Silver Elephant Mining ( (TSE:ELEF) ).

Silver Elephant Mining Corp. has closed the second and final tranche of its non-brokered private placement, raising gross proceeds of $85,000 through the issuance of 340,000 units priced at $0.25 per unit, each comprising one common share and a three-year warrant exercisable at $0.30. The entire tranche was subscribed by director John Lee, making it a related-party transaction under Canadian securities rules; the company relied on exemptions from formal valuation and minority approval requirements and will file a material change report, while the new securities are subject to a four-month-plus-one-day hold period and the funds are earmarked for general corporate purposes, modestly strengthening the company’s balance sheet as it advances its Bolivian gold and silver exploration activities.

Spark’s Take on TSE:ELEF Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELEF is a Underperform.

Silver Elephant Mining faces significant financial challenges with zero revenue and mounting losses, which heavily impact its overall stock score. Technical analysis shows some short-term stability but a longer-term bearish trend. Valuation concerns due to a negative P/E ratio and lack of dividends further weigh on the score. Mixed corporate events add complexity, with financial initiatives slightly balancing operational setbacks. Overall, the stock presents high risk with limited immediate upside.

To see Spark’s full report on TSE:ELEF stock, click here.

More about Silver Elephant Mining

Silver Elephant Mining Corp. is a mineral exploration company focused on gold and silver projects in Bolivia, positioning itself within the precious metals sector through early-stage project development and exploration activities.

Average Trading Volume: 170,216

Technical Sentiment Signal: Buy

Current Market Cap: C$18.13M

For an in-depth examination of ELEF stock, go to TipRanks’ Overview page.