Silver Elephant Mining Corp 6-K, filed Oct 14, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-10-14
For: 2021-10-14
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on October 14, 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 October
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:
October 14, 2021
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By:
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/s/
Irina Plavutska
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Irina
Plavutska
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CFO
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INDEX TO EXHIBITS
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News
release dated September 27, 2021.
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Silver Elephant Announces Filing of Preliminary Economic Assessment
for the Gibellini Vanadium Project, Nevada, USA
Vancouver,
British Columbia, October 14, 2021 – Silver Elephant Mining
Corp. (“Silver Elephant” or the “Company”)
(TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to
announce that, further to its press release dated August 30, 2021,
it has filed its independent Technical Report titled
“Gibellini Vanadium Project, Eureka County, Nevada, NI 43-101
Technical Report on Preliminary Economic Assessment Update”
(the “Report”) with a report date of October 14, 2021
and an effective date of August 30, 2021. The Report was prepared
by Wood Group USA, Inc (Wood) and Mine Technical Services Ltd.
(MTS). The report has been filed under the Company’s profile
on the System for Electronic Document Analysis and Retrieval at
www.sedar.com.
About Silver Elephant
Silver
Elephant Mining Corp. is a premier mining and exploration company
in nickel, silver, and vanadium.
Further
information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP
ON
BEHALF OF THE BOARD
“JOHN
LEE”
CEO and
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 11 / 12 Silver Elephant Mining Corp
https://www.silverelef.com policies of the Toronto Stock Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements
Forward-looking statements in this news release relate
to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future
events and include, but are not limited to, statements with respect
to: (i) the 2021 PEA representing a viable development option for
the Gibellini project; (ii) construction of mining project
operations and related actions; (iii) estimates of the capital
costs of constructing mine facilities and bringing a mine into
production, of sustaining capital and the duration of financing
payback periods; (iv) the estimated amount of future production,
both produced and metal recovered; and (vi) life of mine estimates
and estimates of operating costs and total costs, cash flow, net
present value and economic returns including internal rate of
return estimates from an operating mine constructed at the
Gibellini project. All forward-looking statements are based on
Silver Elephant’s or its consultants’ current beliefs
as well as various assumptions made by them and information
currently available to them. The most significant assumptions are
set forth above, but generally these assumptions include: (i) the
presence of and continuity of vanadium mineralization at the
Gibellini project at estimated tonnages and grades; (ii) the
geotechnical and metallurgical characteristics of rock conforming
to sampled results; (iii) infrastructure construction costs and
schedule; (iv) the availability of personnel, machinery and
equipment at estimated prices and within the estimated delivery
times; (v) currency exchange rates; (vi) vanadium sale prices;
(vii) appropriate discount rates applied to the cash flows in the
economic analysis; (viii) tax rates applicable to the proposed
mining operation; (ix) the availability of acceptable financing on
reasonable terms; (x) projected recovery rates and use of a process
method, that although well-known and proven on other commodity
types such as copper, has not been previously brought into
production for a vanadium project; (xi) reasonable contingency
requirements; (xii) success in realizing proposed operations; and
(xiii) assumptions that project environmental approval and
permitting will be forthcoming from county, state and federal
authorities. The economic analysis is partly based on Inferred
Mineral Resources that are considered too speculative geologically
to have the economic considerations applied to them that would
enable them to be categorized as Mineral Reserves, and there is no
certainty that the2021 PEA based on these Mineral Resources will be
realized. Currently there are no Mineral Reserves on the Gibellini
property. Although the Company’s management and its
consultants consider these assumptions to be reasonable based on
information currently available to them, such assumptions may prove
to be incorrect. Many forward-looking statements are made assuming
the correctness of other forward-looking statements, such as
statements of net present value and internal rates of return, which
are based on most of the other forward-looking statements and
assumptions herein. The cost estimate and economic analysis
information was prepared using current values, but the time for
incurring the costs will be in the future and it is assumed costs
will remain stable over the relevant period. These factors should
be considered carefully, and readers should not place undue
reliance on Silver Elephant’s or its consultants’
forward-looking statements. Silver Elephant and its consultants
believe that the expectations reflected in the forward-looking
statements contained in this news release and the documents
incorporated by reference herein are reasonable, but no assurance
can be given that these expectations will prove to be correct. In
addition, although Silver Elephant and its consultants have
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. Silver Elephant and its consultants
undertake no obligation to release publicly 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. Powered by TCPDF
(www.tcpdf.org)