Silver Elephant Mining Corp.
Silver Elephant Leases Ulaan Ovoo Coal Mine in Mongolia to Major Mining and Industrial Conglomerate
Silver Elephant Mining Corp. has signed a lease agreement for its Ulaan Ovoo coal mine in Mongolia with a major local conglomerate. Under the terms, the company will receive a royalty of US$2 per tonne for the first two years, increasing to US$3 per tonne from 2028, alongside an immediate US$300,000 advance payment.