Silver Elephant Mining (ELEF) AI Stock Analysis

• Market Cap: C$13.75M
• Dividend Yield: N/A
• Average Volume (3M): 146.91K
• Price to Earnings (P/E): 0.9
• Beta (1Y): 1.78
• Revenue Growth: N/A
• EPS Growth: 15.69%
• Country: CA
• Employees: 20
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.51
• Shares Outstanding: 56,142,178
• 10 Day Avg. Volume: 58,948
• 30 Day Avg. Volume: 146,908
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$0.24 ▼(-25.31% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is held back primarily by weak financial performance (pre-revenue profile and persistent cash burn) and soft technical momentum (below key moving averages with negative MACD). A very low P/E provides valuation support but does not offset the cash-flow and execution risk.

Positive Factors

Low Financial Leverage

Very low reported debt materially reduces solvency and rollover risk for an exploration-stage miner. Over a 2–6 month horizon this structural low leverage gives management flexibility to pursue option/jv deals or time financings, lowering immediate bankruptcy or liquidity stress.

Clear Monetization Pathways

The company’s business model—advancing and vending mineral projects or structuring earn-ins/royalties—is a durable strategy in exploration mining. It enables value capture without full-cycle mine financing, lets partners fund subsurface work, and reduces perpetual reliance on operating revenue to create shareholder value.

Reported Improvement in TTM Earnings

A reported swing to positive TTM earnings, while needing scrutiny, can materially improve access to capital and partner interest. Improved reported profitability over trailing periods can make joint-venture negotiations and equity financings easier, supporting project advancement decisions.

Negative Factors

Persistent Negative Operating Cash Flow

Consistent negative operating and free cash flow is a core durability risk: ongoing cash burn forces repeated external funding or asset sales. Over months this increases dilution and execution risk, constraining the company’s ability to complete drill programs or advance projects without partner funding.

Balance Sheet Instability

Meaningful swings in equity and a declining asset base indicate balance-sheet volatility and potential impairments or financing-related dilution. This structural instability reduces operating flexibility, may hamper securing attractive JV terms, and raises execution risk across the development pipeline.

Weak Earnings Quality

Positive accounting earnings that aren’t backed by revenue or operating cash flow are low-quality and unreliable as a durable strength. Such disconnects can mislead stakeholders, complicate financing terms and partner assessments, and leave long-term viability dependent on external capital rather than internal cash generation.

Silver Elephant Mining Business Overview & Revenue Model

Company Description

Silver Elephant Mining Corp., a mineral exploration stage company, engages in the acquisition, exploration, and development of mineral and energy projects. The company explores for gold, nickel, silver, lead, zinc, iron, vanadium, titanium, and coal. Its flagship project is the Pulacayo project, including seven mining areas covering an area of approximately 3,560 hectares of contiguous areas located in Quijarro province, Bolivia. The company was formerly known as Prophecy Development Corp. and changed its name to Silver Elephant Mining Corp. in March 2020. Silver Elephant Mining Corp. is headquartered in Vancouver, Canada.

How the Company Makes Money

Silver Elephant Mining generates revenue through the exploration, development, and eventual extraction and sale of mineral resources, particularly silver and nickel. The company identifies and acquires mineral-rich properties with high potential for economic extraction. Upon successful exploration and development of these properties, Silver Elephant Mining either enters into production, extracting and selling the mined minerals, or forms strategic partnerships and joint ventures to develop the mining operations further. Additionally, the company may generate revenue through the sale of mining rights or interests in its properties to other mining companies. These activities are supported by capital raised through equity offerings, debt financing, and, occasionally, partnerships with other mining entities or investment firms.

Silver Elephant Mining Financial Statement Overview

Summary

Financials remain high-risk: the company is pre-revenue with recurring negative gross profit and persistent negative operating and free cash flow (ongoing cash burn). Low recent debt is a positive, but equity and asset levels have been volatile, and the recent swing to positive TTM earnings appears less supported by stable revenue or cash generation.

Income Statement

The company is still in a pre-revenue phase (revenue is consistently $0), with recurring negative gross profit across periods. Profitability is volatile: after multi-year net losses (2020–2023 and FY2025 annual), TTM (Trailing-Twelve-Months) shows a sharp swing to positive EBIT/EBITDA and net income, which is a major improvement but looks less tied to a stable revenue base. Overall, earnings quality and predictability remain weak despite the recent reported profitability.

Balance Sheet

Leverage appears low in the most recent periods (very small total debt in FY2025 annual and TTM), which reduces financial risk. However, the balance sheet has shown meaningful instability: stockholders’ equity flipped negative in FY2025 annual and then positive in TTM (Trailing-Twelve-Months), indicating significant swings in capital structure and/or valuation items. Total assets have also trended down materially versus 2022–2023 levels, which can limit operating flexibility.

Cash Flow

Cash generation is a key weakness: operating cash flow is negative in every period shown, including TTM (Trailing-Twelve-Months), and free cash flow is also consistently negative. The latest TTM (Trailing-Twelve-Months) free cash flow declined further (negative growth), pointing to ongoing cash burn. While TTM net income is positive, it is not translating into operating cash flow, increasing reliance on external funding over time.

Breakdown	Dec 2025	Jun 2025	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-123.25K	-87.34K	-543.14K	-151.29K	-22.06K
EBITDA	23.22M	-3.83M	-6.48M	-7.82M	-4.54M
Net Income	18.81M	-8.23M	-6.54M	-11.55M	-7.93M
Balance Sheet
Total Assets	23.37M	23.12M	50.74M	88.14M	62.05M
Cash, Cash Equivalents and Short-Term Investments	244.13K	271.84K	2.21M	1.04M	579.51K
Total Debt	64.39K	54.61K	4.02M	4.05M	0.00
Total Liabilities	6.85M	33.01M	15.44M	9.57M	11.36M
Stockholders Equity	16.53M	-9.61M	21.93M	30.13M	49.19M
Cash Flow
Free Cash Flow	-2.83M	-4.46M	-2.09M	-14.69M	-17.40M
Operating Cash Flow	-2.50M	-3.60M	-260.08K	-5.25M	-2.19M
Investing Cash Flow	-1.07M	-948.70K	-1.86M	-7.39M	-15.43M
Financing Cash Flow	2.58M	2.63M	2.83M	13.09M	18.11M

Silver Elephant Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ELEF, the sentiment is Negative. The current price of 0.32 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.30, and above the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.43 is Neutral, neither overbought nor oversold. The STOCH value of 37.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ELEF.

Silver Elephant Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TGOL	51 Neutral	C$40.70M	66.13	-6.33%	―	―	6.45%
ELEF	49 Neutral	C$13.75M	0.89	-179.75%	―	―	15.69%
STE	49 Neutral	C$31.73M	-27.98	-6.76%	―	―	78.16%
CXC	48 Neutral	C$20.62M	-12.90	-442.21%	―	―	-27.66%
SMY	45 Neutral	C$19.41M	-6.64	-6.20%	―	―	-205.83%

Silver Elephant Mining Corporate Events

Silver Elephant Resumes Trucking and Expands Development at Bolivian Silver Project

Silver Elephant Mining Corp. has resumed trucking silver-bearing mineralized material from its Paca Apuradita mining project in Bolivia to a toll-milling plant, after a temporary suspension caused by diesel shortages and heavy rains. The company currently has about 1,750 tonnes stockpiled for processing into high-grade silver-lead concentrate for international sale, while underground operations at the Apuradita tunnel are ongoing at a rate of 500 to 1,000 tonnes per month, with an estimated at least 10,000 tonnes of remaining mineralized material that is conceptual in nature and not supported by a current resource or reserve estimate. Mining is being carried out via shrinkage stoping targeting sulphide zones averaging 412 g/t silver, 1.09% lead and 0.38% zinc, and Silver Elephant is simultaneously developing additional high-grade faces and evaluating near-surface oxide layers that could support open-pit extraction, signalling potential to scale output and diversify its production profile if these zones prove economically viable.

The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Silver Elephant Mining stock, see the TSE:ELEF Stock Forecast page.

Silver Elephant Upsizes Private Placement to $825,000 to Bolster Working Capital

Silver Elephant Mining Corp. has increased its previously announced non-brokered private placement to a total of up to 3.3 million units at $0.25 per unit, for potential gross proceeds of $825,000. Each unit comprises one common share and one warrant exercisable at $0.32 for three years, with finder’s fees of up to 7% in finder’s units also payable. The funds are earmarked primarily for directors’ fees and general working capital, with the financing subject to a four-month-plus-one-day hold period and final approval from the Toronto Stock Exchange. The company also reiterated that it is continuing efforts to collect amounts owed by Andean Precious Metals Corp. under an arbitration award, highlighting ongoing attempts to strengthen its financial position while advancing its Bolivian silver-lead-zinc project.

The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Silver Elephant Mining stock, see the TSE:ELEF Stock Forecast page.

Silver Elephant Wins Final Ruling in Mongolia Tax Dispute, Canceling $24.6 Million Assessment

Silver Elephant Mining Corp. has received a favorable ruling from the Mongolian Tax Tribunal, which dismissed and cancelled a supplementary tax assessment of approximately CAD 24.6 million levied against its subsidiary Redhill Mongolian LLC in connection with an internal restructuring carried out in 2021. The Tribunal’s majority decision, delivered after a January 23, 2026 hearing and deemed final, removes a significant potential financial and legal overhang for the company, reducing uncertainty for investors and allowing management to focus on advancing its core silver-lead-zinc project in Bolivia without the burden of the disputed Mongolian tax liability.

The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Silver Elephant Mining stock, see the TSE:ELEF Stock Forecast page.

Silver Elephant Wins US$1 Million Arbitration Ruling Against Andean Precious Metals

Silver Elephant Mining Corp. has received a favorable arbitration award in its dispute with Andean Precious Metals Corp. over a Master Services Agreement and related sales and purchase agreement, with the arbitrator finding that Andean breached the contract by failing to pay additional consideration. The decision orders Andean to pay US$1.0 million plus interest, while rejecting all of Andean’s counterclaims, including allegations of wrongful termination and illegal mining, and allowing a security deposit set-off that still leaves Silver Elephant with a substantial net recovery. The ruling strengthens Silver Elephant’s position in its broader dispute over the Mining Production Contract with COMIBOL, as the company evaluates further claims against Andean related to ongoing mining activities in the Paca area and continues to pursue administrative and judicial avenues to reinstate its mining rights at the Pulacayo and Paca projects.

The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Silver Elephant Mining stock, see the TSE:ELEF Stock Forecast page.

Silver Elephant Raises $565,000 in First Tranche of Private Placement

Silver Elephant Mining Corp. has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of $565,000 through the issuance of 2,260,000 units priced at $0.25, each comprising one common share and a three-year warrant exercisable at $0.32. The financing, which included participation by a 10% insider and a company officer under related-party transaction rules, also involved the issuance of finder’s units and is subject to a four-month-plus-one-day hold period, with proceeds earmarked for general corporate purposes and a second and final tranche expected to close later in January pending regulatory approval, providing additional working capital as the company advances its Bolivian silver-lead-zinc project.

The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Silver Elephant Mining stock, see the TSE:ELEF Stock Forecast page.

Silver Elephant to Raise $625,000 in Non-Brokered Private Placement

Silver Elephant Mining Corp. has announced a non-brokered private placement to raise $625,000 through the issuance of 2.5 million units at $0.25 each, with each unit comprising one common share and one three-year warrant exercisable at $0.32. Certain directors and officers plan to subscribe for up to 550,000 units, a related-party transaction for which the company intends to rely on exemptions from minority approval and valuation requirements under Canadian securities rules. The financing, which remains subject to Toronto Stock Exchange approval and carries a standard four-month-plus-one-day hold period, is earmarked primarily for directors’ fees and general working capital, underscoring the junior explorer’s ongoing need to fund corporate overhead while it continues to advance its Bolivian project.

The most recent analyst rating on (TSE:ELEF) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Silver Elephant Mining stock, see the TSE:ELEF Stock Forecast page.

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

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.

Silver Elephant Mining Closes First Tranche of Private Placement

Silver Elephant Mining Corp. has successfully closed the first tranche of its non-brokered private placement, raising $290,000 through the sale of 1,160,000 units. The proceeds are intended for general corporate purposes, with a second tranche expected to close by the end of December 2025. The transaction involved related party transactions with company director John Lee and major shareholder Ron Motz, which were exempt from certain regulatory requirements. This move is expected to support the company’s operational funding and potentially strengthen its market position in the mining sector.