Silver Elephant Mining Corp 6-K, filed Jun 1, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-06-01
For: 2021-06-01
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on June 1, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of June
2021
Commission
File Number 000-55985
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SILVER ELEPHANT MINING CORP.
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(Translation
of registrant’s name into English)
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Suite 1610 – 409 Granville Street
Vancouver, British Columbia, Canada V6C 1T2
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(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F
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Form
20-F
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☒
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Form
40-F
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☐
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
☐
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Note: Regulation S-T Rule 101(b)(1) only permits
the submission in paper of a Form 6-K if submitted solely to
provide an attached annual report to security holders.
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7): ☐
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Note: Regulation S-T Rule 101(b)(7) only permits
the submission in paper of a Form 6-K if submitted to furnish
a report or other document that the registrant foreign private
issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant’s “home
country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the
report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security
holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on
EDGAR.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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SILVER
ELEPHANT MINING CORP.
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Date: June 1,
2021
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By:
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/s/
Brigitte
McArthur
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Brigitte
McArthur
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Corporate
Secretary
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INDEX TO EXHIBITS
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News
release dated May 31, 2021
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Exhibit 99.1
Silver Elephant Engages Wood PLC to Conduct Preliminary Economic
Assessment on Gibellini Vanadium Project
Vancouver, British Columbia, May 31, 2021 – Silver Elephant
Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N)
announces that the Company’s wholly owned subsidiary Nevada
Vanadium LLC. (“Nevada
Vanadium”) has commissioned a Preliminary Economic
Assessment (“PEA”) in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral
Projects (“NI
43-101”) in respect of its Gibellini vanadium project,
located in Eureka Country, Nevada, USA.
Vanadium
is one of the best performing metals of 2021. Vanadium pentoxide
price has risen 52% from US$5.4/lb in early January to US$8.2/lb
today. The Gibellini project encompasses the Gibellini, Louie Hill,
and Bisoni McKay properties which the Company acquired in 2017 and
2020.
The PEA
will be prepared in collaboration between Wood PLC
(“Wood”) and
Mine Technical Services (“MTS”) as part of its proposed
spinout strategy.
About the Gibellini Project
The Gibellini vanadium project, designed to be an open-pit,
heap-leach operation, is located in Nevada, USA. Nevada was ranked
by the Fraser Institute as the world’s #1 mining investment
jurisdiction in 2018 and 2020. The Gibellini project development
achieved an important milestone in July 2020 when the Notice of
Intent to prepare an Environmental Impact Statement
(“EIS”) was published in the Federal Register. A
final Record of Decision on EIS is expected in 2021. The U.S.
government has designated vanadium as one of 35 critical minerals
to the national security and the economy. Vanadium alloys and
catalysts are used in the aerospace, defense, energy storage, and
infrastructure sectors. Over $35 million has been invested at
Gibellini to date.
Qualified Persons
The
scientific and technical contents of this news release have been
prepared under the supervision of Danniel Oosterman B. Sc.(Hons),
P.Geo., Vice President, Exploration of the Company. Mr. Oosterman
is a “Qualified Person” as defined in NI 43-101 and is
not independent of the Company due to his employment by the
Company.
About Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and
exploration company with proposed vanadium and nickel
spinouts.
Further information on Silver Elephant can be found at
www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON
BEHALF OF THE BOARD
“John Lee”
Executive Chairman
For more information about Silver Elephant, please contact Investor
Relations:
+1.604.569.3661 ext. 101
ir@silverelef.com www.silverelef.com
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Toronto
Stock Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain
statements contained in this news release, including statements
which may contain words such as “expects”,
“anticipates”, “intends”,
“plans”, “believes”,
“estimates”, or similar expressions, and statements
related to matters which are not historical facts are
forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements, which reflect
management’s expectations regarding Company’s future
growth, results of operations, performance, and business prospects
and opportunities, are based on certain factors and assumptions and
involve known and unknown risks and uncertainties which may cause
the actual results, performance, or achievements to be materially
different from future results, performance, or achievements
expressed or implied by such forward-looking statements. In this
news release, forward-looking statements relate, among other
things, to: statements about the estimation of mineral resources;
magnitude or quality of mineral deposits; anticipated advancement
of mineral properties or programs; future operations; future
exploration prospectus; future corporate events; the completion and
timing of mineral resource estimates and the PEA; future growth
potential for the Company and Nevada Vanadium; and future
development plans.
These
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business. Management believes that
these assumptions are reasonable. Forward-looking information
involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information. Such factors include, among others:
risks related to the speculative nature of the Company’s
business; the Company’s stage of development; the impact of
COVID-19 on the timing of exploration and development work; the
Company’s financial position; possible variations in
mineralization, grade or recovery rates; actual results of current
exploration activities; actual results of reclamation activities;
conclusions of future economic evaluations; business integration
risks; fluctuations in general macroeconomic conditions;
fluctuations in securities markets; fluctuations in spot and
forward prices of vanadium, nickel, silver, base metals or certain
other commodities; fluctuations in currency markets (such as the
Canadian dollar to United States dollar exchange rate); change in
national and local government, legislation, taxation, controls
regulations and political or economic developments; risks and
hazards associated with the business of mineral exploration,
development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formation pressures, cave-ins and
flooding); inability to obtain adequate insurance to cover risks
and hazards; the presence of laws and regulations that may impose
restrictions on mining; employee relations; relationships with and
claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); and title to
properties. Although the forward-looking statements contained in
this news release are based upon what management of the Company
believes, or believed at the time, to be reasonable assumptions,
the Company cannot assure its shareholders that actual results will
be consistent with such forward-looking statements, as there may be
other factors that cause results not to be anticipated, estimated
or intended. These factors should be considered carefully, and
readers should not place undue reliance on the Company’s
forward-looking statements. Although the Company has attempted to
identify important factors that could cause actual actions, events,
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events, or results not to be as anticipated, estimated, or
intended. Forward-looking statements contained herein are made as
of the date of this news release and the Company undertakes no
obligation to publicly release any future revisions to
forward-looking statements to reflect events or circumstances after
the date of this news or to reflect the occurrence of unanticipated
events, except as expressly required by law. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.