Silver Elephant Mining Corp. announced a non-brokered private placement of up to 3,000,000 units at an issue price of CAD 0.45 per share for gross proceeds of up to CAD 1,350,000 on November 21, 2022. Each unit will consist of one common share and one share purchase warrant with each warrant entitling the holder to purchase one additional share at a price of CAD 0.55 per share for 3 years.

The securities issued will be subject to a hold period of four months plus one day from the date of issue. The transaction expected to close on or about December 10, 2022. The company will pay finder's fees of up to 7% cash or 7% finder's units.

Each finder's unit will consist of one common share of the company and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share at a price of CAD 0.55 per share for 3 years.