Silver Elephant Completes Private Placement, Raising $445,411

Silver Elephant Mining ( (TSE:ELEF) ) has provided an announcement.

Silver Elephant Mining Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising gross proceeds of $445,411. The funds raised will be used for general corporate purposes, and the issuance included related party transactions with director John Lee. This move is expected to support the company’s operational activities and potentially enhance its market position in the mineral exploration industry.

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 with gold and silver projects located in Bolivia.

Average Trading Volume: 165,935

Technical Sentiment Signal: Hold

Current Market Cap: C$11.26M

See more data about ELEF stock on TipRanks’ Stock Analysis page.