next hurdlewell, 7M warrants are gone.
but ELEF has the next major hurdle on the road-
An initial tranche of 5,363,630 Consideration Shares worth US$2,000,000 was issued on February 9, 2021, a further US$2,000,000 worth of Consideration Shares will be issued on or before August 31, 2021, and a further US$1,000,000 worth of Consideration Shares on or before December 31, 2021, at such timings as may be determined at the sole option of Silver Elephant. All Consideration Shares are subject to 4-month plus 1-day statutory hold period.
https://money.tmx.com/en/quote/ELEF/news/8539824890535153/Silver_Elephant_Completes_Acquisition_of_Minago_Nickel_Sulphide_Project_in_Thompson_Nickel_Belt_Manitoba_Canada
Victory Nickel needs cash and will sell all or a part of the initial tranche (5.363.630 shares) after June 10th. Not until then ELEF stock may rise.