Reported Earnings • Nov 26
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Net loss: US$562.0k (loss narrowed 57% from 3Q 2020). Revenue was in line with analyst estimates. Reported Earnings • Aug 27
Second quarter 2021 earnings released: US$0.01 loss per share (vs US$0.009 loss in 2Q 2020) Second quarter 2021 results: Net loss: US$1.46m (loss widened 60% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • May 31
First quarter 2021 earnings released: EPS US$0.02 (vs US$0.007 loss in 1Q 2020) First quarter 2021 results: Net income: US$1.59m (up US$2.25m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Executive Departure • May 06
Interim CEO, Acting CFO, VP of Corporate Affairs & Corporate Secretary Sean Stokes has left the company On the 30th of April, Sean Stokes' tenure as Interim CEO, Acting CFO, VP of Corporate Affairs & Corporate Secretary of the company ended after 2.5 years in the role. As of December 2020, Sean personally held only 90.80k shares (CA$3.2k worth at the time). A total of 3 executives have left over the last 12 months. Under Sean's leadership, the company delivered a total shareholder return of 67%. Recent Insider Transactions • Mar 03
CEO & Director at Victory Silica Ltd recently sold CA$80k worth of stock On the 22nd of February, Ken Murdock sold around 1m shares on-market at roughly CA$0.08 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$116k more than they bought in the last 12 months. 공시 • Feb 11
Silver Elephant Mining Corp. (TSX:ELEF) completed the acquisition of Minago Project from Victory Nickel Inc. (CNSX:NI). Silver Elephant Mining Corp. (TSX:ELEF) entered into a binding definitive Asset Purchase Agreement to acquire Minago Project from Victory Nickel Inc. (CNSX:NI) for $13.3 million on January 21, 2021. Subject to the terms of the APA, Silver Elephant will acquire the Minago Project for aggregate consideration of $11.7 million which consists of $6.7 million credit, made at closing, against an aggregate of approximately $11.9 million owed by Victory Nickel pursuant to a Secured Debt Facility. Under the APA, Silver Elephant will further credit the remaining balance under the SDF to Victory Nickel’s benefit, upon the completion of an independent economic study proving positive net present value being prepared in respect of the Minago Project in the future after closing. The consideration also consists of $5 million in Silver Elephant common shares to be issued over a one-year period. The consideration shares will be issued in three tranches as follows: $2 million worth of consideration shares at closing; a further $2 million worth of consideration shares on or before August 31, 2021, and a further $1 million worth of consideration shares on or before December 30, 2021. Additionally, Silver Elephant will agree to issue to Victory Nickel CAD 2 million ($1.6 million) in Silver Elephant common shares, upon the price of nickel exceeding $10 per pound for 30 consecutive business days, occurring before December 31, 2023. At closing, pursuant to the APA, Silver Elephant will also subscribe for 40 million common shares of Victory Nickel (each, a “VN Share”) at a price per VN Share of $0.025 for consideration of CAD 1 million ($0.79 million). Closing of contemplated transaction is subject to customary closing conditions, including the final approval of the Toronto Stock Exchange and Canada Stock Exchange and is expected by February 9, 2021.
Silver Elephant Mining Corp. (TSX:ELEF) completed the acquisition of Minago Project from Victory Nickel Inc. (CNSX:NI) on February 9, 2021. All Consideration Shares are subject to 4-month plus 1-day statutory hold period. Red Cloud Securities, Inc. acted as financial advisor to Victory Nickel Inc. Rob Eberschlag from WeirFoulds LLP served as a legal advisor for Victory Nickel. Mahdi Shams from MLT Aikins LLP served as a legal advisor for Silver Elephant Mining. 공시 • Jan 24
Silver Elephant Mining Corp. (TSX:ELEF) entered into a binding definitive Asset Purchase Agreement to acquire Minago Project from Victory Nickel Inc. (CNSX:NI) for $13.3 million. Silver Elephant Mining Corp. (TSX:ELEF) entered into a binding definitive Asset Purchase Agreement to acquire Minago Project from Victory Nickel Inc. (CNSX:NI) for $13.3 million on January 22, 2021. Subject to the terms of the APA, Silver Elephant will acquire the Minago Project for aggregate consideration of $11.7 million which consists of $6.7 million credit, made at closing, against an aggregate of approximately $11.9 million owed by Victory Nickel pursuant to a Secured Debt Facility. Under the APA, Silver Elephant will further credit the remaining balance under the SDF to Victory Nickel’s benefit, upon the completion of an independent economic study proving positive net present value being prepared in respect of the Minago Project in the future after closing. The consideration also consists of $5 million in Silver Elephant common shares to be issued over a one-year period. The consideration shares will be issued in three tranches as follows: $2 million worth of consideration shares at closing; a further $2 million worth of consideration shares on or before August 31, 2021, and a further $1 million worth of consideration shares on or before December 31, 2021. Additionally, Silver Elephant will agree to issue to Victory Nickel CAD 2 million ($1.6 million) in Silver Elephant common shares, upon the price of nickel exceeding $10 per pound for 30 consecutive business days, occurring before December 31, 2023. At closing, pursuant to the APA, Silver Elephant will also subscribe for 40 million common shares of Victory Nickel (each, a “VN Share”) at a price per VN Share of $0.025 for consideration of CAD 1 million ($0.79 million). Closing of contemplated transaction is subject to customary closing conditions, including the final approval of the Toronto Stock Exchange and Canada Stock Exchange and is expected by February 9, 2021. 공시 • Jan 08
Victory Nickel Inc. Announces the Resignation of Peter R. Jones as a Director Victory Nickel Inc. announced the resignation of Peter R. Jones as a Director of the Company, effective immediately. The Board of Directors thanks Mr. Jones for his service to Victory Nickel and wishes him well in the future. Reported Earnings • Dec 02
Third quarter 2020 earnings released: US$0.01 loss per share Third quarter 2020 results: Net loss: US$1.32m (loss widened 40% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year.