12:00 PM EDT, 06/11/2025 (MT Newswires) -- Silver Elephant Mining ( SILEF ) on Wednesday said it will seek $200,000 from a a non-brokered private placement of share units.

The company will look to place one-million units at a price of $0.20 each and made up of a share and a three-year warrant to buy an additional share for $0.30.

Company insiders will be subscribing for up to 400,000 units for gross proceeds of up to $80,000.

Proceeds will be used for general corporate purposes.

Silver Elephant shares were last seen down $0.025 to $0.23 on the Toronto Stock Exchange.

Price: 0.23, Change: -0.03, Percent Change: -9.80