Silver Elephant Closes Final Tranche Of Oversubscribed Private Placement For Gross Proceeds Of $1,796,000

VANCOUVER, BC / ACCESSWIRE / November 15, 2021 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces it has closed the third and final tranche (the “Closing“) of its private placement offering announced on September 6, 2021 which was upsized as described in a news release on October 22, 2021.

Pursuant to the Closing, the Company issued 8,163,640 Shares for gross proceeds of $1,796,000. In total, the Company raised $3,740,000 through the aggregate sale of 17,000,000 common shares of the Company (“Shares“) at $0.22 per Share.

No fees were paid in connection with this third tranche closing.

The Closing proceeds are expected to be used for the Company’s mineral project development and for general working capital purposes.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration company in silver, nickel, and vanadium.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD

“John Lee”
Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:

+1.604.569.3661 ext. 101
ir@silverelef.com

www.silverelef.com