Silver Elephant Mining raises $840,000 in first closing of private placement

• Silver Elephant Mining completed a first closing of a non-brokered private placement, raising $840,000 from 7,000,000 units priced at $0.12.
• Units include one common share, one warrant exercisable at $0.16 for three years.
• Issued 106,750 finder’s units as fees; finder’s warrants are non-transferable, exercise price $0.16 for three years.
• Insider John Lee bought 1,500,000 units; proceeds targeted for general working capital.
• Securities carry a four-month-plus-one-day hold period under Canadian securities laws.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silver Elephant Mining Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610131205NEWSFILECNPR____20261013_318726_1) on October 13, 2026, and is solely responsible for the information contained therein.