Battery Metals Royalties to Acquire 45% Interest in Mongolian Coal Assets from Silver Elephant Mining For $6.3 Million

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Apr 04, 2022

VANCOUVER, BC / ACCESSWIRE / April 4, 2022 / Silver Elephant Mining Corp. ("Silver Elephant") (TSX:ELEF, Financial)(OTCQX:SILEF, Financial)(Frankfurt:1P2N) and Battery Metals Royalties Corp. ("Battery")announce that they have entered into a binding letter of intent (the "LOI") pursuant to which Battery proposes to acquire a 45% equity interest of Silver Elephant's wholly owned Mega Thermal Coal Corp. (formerly Asia Mining Inc.) ("Mega Coal"), which owns and operates the Ulaan Ovoo and Chandgana thermal coal mines in Mongolia through Mega Coal's wholly-owned Mongolian subsidiaries.