Silver Elephant Mining Corp. announced a non-brokered private placement of 639,999 units at a price of CAD 0.30 per share for gross proceeds of CAD 192,000 on August 17, 2023. Each unit consists of one common share and one-half share purchase warrant with each whole warrant entitling the holder to purchase one additional share at a price of CAD 0.45 per share for 24 months.

The company paid CAD 210 as finder's fees.