SEC Comment Letter 0000000000-23-002333 to Silver Elephant Mining Corp. (SILEF) (CIK 0001545224) (SILEF)
Silver Elephant Mining Corp. (SILEF) (CIK 0001545224)
Date: March 9, 2023 · CIK: 0001545224 · Accession: 0000000000-23-002333
AI Filing Summary & Sentiment
File numbers found in text: 000-55985
Letter
United States securities and exchange commission logo March 9, 2023 John Lee Chief Executive Officer Silver Elephant Mining Corp. Suite 1610- 409 Granville Street Vancouver, British Columbia Canada V6C1T2 Re:Silver Elephant Mining Corp. Form 20-F for the Fiscal Year ended December 31, 2021 Filed May 9, 2022 File No. 000-55985 Dear John Lee: We have reviewed your March 3, 2023 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our October 18, 2022 letter. Form 20-F for the Fiscal Year ended December 31, 2021 Item 4. Information on the Company, page 7 1.We note that you amended your filing to provide incremental summary and individual property disclosures in response to prior comment 2. However, the stages associated with four projects in the table following the second map in your amendment do not correlate with any of the property stage definitions in Item 1300 of Regulation S-K.
For example, a project without mineral reserves (measured or indicated mineral resources that are economically mineable) should be identified as an exploration stage property, while a project for which mineral reserves have been established and not yet undergoing
FirstName LastNameJohn Lee Comapany NameSilver Elephant Mining Corp. March 9, 2023 Page 2 FirstName LastName John Lee Silver Elephant Mining Corp. March 9, 2023 Page 2 material extraction should be identified as a development stage property. Please confirm that you will correct information regarding the property stage in subsequent filings.
You may contact John Coleman, Mining Engineer, at 202-551-3610, or Gus Rodriguez, Staff Accountant, at 202-551-3752 if you have questions regarding the comments. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: James Guttman
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United States securities and exchange commission logo
March 9, 2023
John Lee
Chief Executive Officer
Silver Elephant Mining Corp.
Suite 1610- 409 Granville Street
Vancouver, British Columbia
Canada V6C1T2
Re:Silver Elephant Mining Corp.
Form 20-F for the Fiscal Year ended December 31, 2021
Filed May 9, 2022
File No. 000-55985
Dear John Lee:
We have reviewed your March 3, 2023 response to our comment letter and have the
following comments. In some of our comments, we may ask you to provide us with information
so we may better understand your disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional
comments. Unless we note otherwise, our references to prior comments are to comments in our
October 18, 2022 letter.
Form 20-F for the Fiscal Year ended December 31, 2021
Item 4. Information on the Company, page 7
1.We note that you amended your filing to provide incremental summary and individual
property disclosures in response to prior comment 2. However, the stages associated with
four projects in the table following the second map in your amendment do not correlate
with any of the property stage definitions in Item 1300 of Regulation S-K.
For example, a project without mineral reserves (measured or indicated mineral resources
that are economically mineable) should be identified as an exploration stage property,
while a project for which mineral reserves have been established and not yet undergoing
FirstName LastNameJohn Lee
Comapany NameSilver Elephant Mining Corp.
March 9, 2023 Page 2
FirstName LastName
John Lee
Silver Elephant Mining Corp.
March 9, 2023
Page 2
material extraction should be identified as a development stage property. Please confirm
that you will correct information regarding the property stage in subsequent filings.
You may contact John Coleman, Mining Engineer, at 202-551-3610, or Gus Rodriguez,
Staff Accountant, at 202-551-3752 if you have questions regarding the comments.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: James Guttman