Silver Elephant Announces Sale of Its Non Core Titan Project for an Aggregate of $1,290,000 in Cash and Cachee Shares
Silver Elephant Announces Sale of Its Non Core Titan Project for an Aggregate of $1,290,000 in Cash and Cachee Shares
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQX: SILEF) (FSE: 1P2) ("Silver Elephant" or "the Company") is pleased to announce the closing of sale of the Company's Titan vanadium-iron-titanium project ("Titan Project") in Ontario to Cachee Gold Mines Corp. ("Cachee") and Cachee's subsidiary Osprey Advanced Materials Corp.
溫哥華,不列顛哥倫比亞省-(Newsfile Corp.-2023年8月9日)-銀象礦業公司(多倫多證券交易所:ELEF)(OTCQX:SILEF)(FSE:1P2)(《銀象》或《公司》)欣然宣佈完成出售本公司位於安大略省的泰坦釩鐵鈦專案(“泰坦專案”)予Cachee Gold Mines Corp.(“Cachee“)和Cachee的子公司魚鷹先進材料公司。
To acquire the Titan Project, Cachee paid Silver Elephant an aggregate of approximately $1.29 million, comprised of the following: i) $231,000 in cash; and ii) issued 13,283,801 common shares in the capital of Cachee ("Shares"), valued at a price of $0.08 per Share, being the last financing price of Cachee. In addition, Cachee granted to Silver Elephant a net smelter royalty ("NSR") equal to 0.5% applicable after the commencement of commercial production if the V205 Flake 98% price per pound exceeds US$12.00/lb. NSR may be purchased back by Cachee at any time for $500,000 in cash. The number of Shares issued to Silver Elephant in connection with the transaction, equals 19.99% of total issued and outstanding Shares as of the date hereof. The Shares issued to Silver Elephant are subject to certain contractual and regulatory resale restrictions. Furthermore, Cachee granted to Silver Elephant a pre-emptive right for a period of 18 months from the closing date to participate in future equity financings of Cachee to maintain its 19.99% interest in Cachee.
為了收購泰坦專案,Cachee向Silver Ephant支付了總計約129萬美元,其中包括:i)現金231,000美元;以及ii)以Cachee的資本發行了13,283,801股普通股(“股票),估值為每股0.08美元,為Cachee的最後融資價。此外,Cachee向Silver Ephant授予冶煉廠特許權使用費淨額(NSR如果V205薄片98%的每磅價格超過12.00美元/磅,則相當於開始商業生產後適用的0.5%。Cachee可以隨時以50萬美元現金回購NSR。與交易有關而向Silver Ephant發行的股份數目,相當於截至本交易日期已發行及已發行股份總數的19.99%。向Silver Elephant發行的股票受某些合同和監管轉售限制。此外,Cachee授予Silver Ephant自截止日期起計為期18個月的優先購買權,以參與Cachee未來的股權融資,以維持其於Cachee的19.99%權益。
John Lee, Chairman and CEO of Silver Elephant Mining Corp. commented:
銀象礦業公司董事長兼首席執行官李家超評論道:
"Working with Alex and his team at Cachee has been a top-notch experience. We are confident Cachee will make great strides with Titan Project."
與亞歷克斯和他的團隊在Cachee工作是一次一流的經歷。我們相信Cachee將在泰坦專案中取得長足進步。
About the Titan Project
關於泰坦計劃
The Titan vanadium-iron-titanium project is located at Flett and Angus Townships, 120 kilometres northeast of Sudbury, Ontario. The Titan Project consists of 262 contiguous hectares comprising 17 patented claims, with access to water, roads and electrical power.
泰坦釩鐵鈦專案位於安大略省薩德伯裡東北120公里處的Flett和Angus鎮。泰坦專案由262公頃的毗連土地組成,其中包括17項專利主張,可以獲得水、道路和電力。
About Cachee Gold Mines Corp.
Cachee Gold Mines公司簡介
Cachee Gold Mines Corp. is a private mineral exploration company headquartered in Toronto. Cachee's leadership team is comprised of seasoned individuals with a track record in mining, technology, life sciences and finance.
Cachee Gold Mines Corp.是一家總部位於多倫多的私營礦產勘探公司。Cachee的領導團隊由經驗豐富的個人組成,他們在採礦、技術、生命科學和金融方面有著良好的記錄。
For more information
Alex Storcheus, Chief Executive Officer
Cachee Gold Mines Corp.
+1.416.777.6165
alex.storcheus@ospreyminerals.ca
瞭解更多資訊
首席執行官亞歷克斯·斯托切斯
Cachee金礦公司
+1.416.777.6165
郵箱:alex.storcheus@ospreyminals.ca
About Silver Elephant Mining Corp.
關於銀象礦業公司
Silver Elephant Mining Corp. is a premier silver mining and exploration company, with its flagship Pulacayo silver project in Bolivia.
Silver Elephant礦業公司是一家主要的白銀開採和勘探公司,在玻利維亞擁有其旗艦白銀專案Pulacayo。
Further information on Silver Elephant can be found at .
有關銀象的更多資訊,請訪問。
SILVER ELEPHANT MINING CORP.
銀象礦業公司。
ON BEHALF OF THE BOARD
我代表董事會
John Lee
CEO and Executive Director
李家超
首席執行官兼高管董事
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
info@silverelef.com /
有關Silver Ephant的更多資訊,請聯繫投資者關系部:
+1.604.569.3661分機101
郵箱:info@silverelef.com/
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Cautionary Note Regarding Forward-Looking Statements and Reader Advisory
有關前瞻性陳述的注意事項 和讀者諮詢
Certain statements contained in this or other news release, including, but not limited to, statements with respect to the debt settlements, the terms of the debt settlements, and the completion of the debt settlements, among other things, and statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "targets", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding either of Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
本新聞稿或其他新聞稿中包含的某些陳述,包括但不限於有關債務結算、債務結算條款和債務結算完成等的陳述,以及可能包含“預期”、“預期”、“打算”、“計劃”、“相信”、“估計”、“目標”或類似表述的陳述,以及與非歷史事實有關的陳述,均屬適用證券法所指的前瞻性資訊。這些前瞻性表述反映了管理層對Silver Ephant未來增長、經營業績、業績、業務前景和機會的預期,是基於某些因素和假設,涉及已知和未知的風險和不確定性,可能會導致實際結果、業績或成就與此類前瞻性表述明示或暗示的未來結果、業績或成就大不相同。
These factors should be considered carefully, and readers should not place undue reliance on Silver Elephant's forward-looking statements. Silver Elephant believe that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable based on information available to it, but no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Silver Elephant undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
這些因素應慎重考慮,讀者不應過度依賴銀象的前瞻性陳述。Silver Ephant認為,根據其掌握的資訊,本新聞稿中包含的前瞻性陳述和本文引用的檔案中反映的預期是合理的,但不能保證這些預期將被證明是正確的。此外,儘管Silver Ephant試圖確定可能導致實際行動、事件或結果與前瞻性陳述中描述的大不相同的重要因素,但可能存在其他因素導致行動、事件或結果與預期、估計或預期的不同。除非法律明確要求,否則Silver Elephant沒有義務公開發布未來對前瞻性陳述的任何修訂,以反映本新聞發佈後的事件或情況,或反映意外事件的發生。
To view the source version of this press release, please visit
要查看本新聞稿的源版本,請訪問