Silver Elephant Mining Corp 6-K, filed Dec 7, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-12-07
For: 2021-12-07
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April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on December 7, 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 December,
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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/s/
Irina
Plavutska
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Date:
December 7, 2021
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Irina Plavutska
Chief Financial Officer
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INDEX TO EXHIBITS
| Press Release dated
December 7, 2021 |
Exhibit
99.1
Silver Elephant’s Flying Nickel Spinout Appoints Management
and Directors
Vancouver, British Columbia, December 7, 2021 – Silver
Elephant Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N)
announces the following management and director appointments to the
Company’s proposed spinout, Flying Nickel Mining Corp.
(“Flying Nickel”). Flying Nickel is well financed
having completed its recent $8.6 million equity offering and has
applied
with TSX Venture Exchange to list its common shares as soon as
practicably possible.
Dan
Oosterman, CEO of Flying Nickel remarks:
“Our
experienced exploration, environmental, operational, and M&A
executives will strive to advance the Minago project and take
Flying Nickel to great heights in the Canadian nickel
space.”
Management:
Danniel Oosterman, P. Geo: Chief Executive Officer
Based in Toronto, Danniel Oosterman began his career with
Falconbridge and Inco (now Vale) and has been in mining and
exploration for over 20 years. At Inco he was part of the
exploration team that drilled the T-3 underground nickel deposit at
Thompson. Mr. Oosterman is a highly experienced field geologist. He
has successfully managed multi-million-dollar drilling programs in
challenging weather and altitude conditions in northern Canada, the
Western Cordillera, and the Bolivian Andes.
Mr. Oosterman holds a B.Sc. (Hons) in geology from Laurentian
University and is a member of the Professional Geoscientists of
Ontario. He is a Qualified Person as defined in NI
43–101.
Rob Van Drunen: Chief Operating Officer
Robert Van Drunen, who is based in Thompson, Manitoba, has over 30
years of experience in mining with Vale and Inco, progressing
through his career with increasing levels of responsibility,
including Mine Manager and most recently Senior Project Manager of
the Thompson Operation. In the latter role, he led
multi-disciplinary teams in all aspects of mining, including
operations, maintenance, exploration, procurement, supply chain
management, and contract management.
Mr. Van Drunen holds a Masters Certificate in Project Management
from York University (Schulich School of Business) and the
University of Winnipeg. He specializes in process improvement and
cost control, as well as having an award winning track record for
zero-harm safety culture. Mr. Van Drunen is also the Chief
Operating Officer of Silver Elephant Mining Corp.
Sam Yik, CPA, CA: Chief Financial Officer
Samuel Yik is
a Chartered Professional Accountant based in Vancouver, British
Columbia.
Mr. Yik has
a Bachelor of Commerce degree from the University of British
Columbia, and obtained his CA designation while articling with
KPMG.
Mr. Yik spent
over 11 years with Methanex Corporation (TSX: MX, Nasdaq: MEOH),
the world’s largest producer and supplier of methanol to
major international markets in North America, Asia Pacific, Europe
and South America, in various financial and commercial roles with
increasing responsibilities. In addition, Mr. Yik brings over 10
years of CFO experience with publicly listed resource companies on
the TSX and TSXV and hands on management experience in
jurisdictions including Asia, Europe, Australasia, Africa, and the
Americas.
Ryan Coombes: Chief Legal Officer
Ryan Coombes has over 15 years of experience in the mining
industry. He started his legal career at McCarthy
Tetrault
and subsequently took on roles of
increasing responsibility with Kinross Gold, BHP, Ausenco and most
recently as Deputy General Counsel for Eldorado
Gold.
Mr. Coombes holds a Juris Doctor from the University of Ottawa, as
well as a Master of Arts from Carleton University and a Bachelor of
Arts from the University of Saskatchewan.
Along with a general focus on corporate and commercial law, Mr.
Coombes has a keen mining interest and has been involved in all
phases of mining development including: exploration, project
finance and construction, mine operations and reclamation.
Mr. Coombes has worked in multiple jurisdictions, including West
Africa, Latin America, Greece, Turkey, Russia, Australia, and North
America. Mr. Coombes will be responsible for the overall legal
affairs of both Flying Nickel and Silver Elephant.
Doug Ramsey, M.Sc., R.P.Bio: Environmental Manager
Doug Ramsey is a Registered Professional Biologist in British
Columbia, with four decades of experience in the areas of
environmental assessment, permitting, and indigenous consultations
in the mining sector. In Manitoba, Mr. Ramsey led the environmental
monitoring and permitting at the Tanco mine for 12 years, and acted
as the lead Technical Director for the Sherridon orphaned mine site
reclamation project.
Over his career, Mr. Ramsey’s practice has included clients
such as Inco, Falconbridge, Kinross, Barrick, Spanish Mountain
Gold, Environment Canada, and Fisheries and Oceans Canada, as well
as numerous First Nations in Manitoba as well as in Ontario,
Quebec, and British Columbia.
Mr. Ramsey is regularly called upon to present scientific
information to indigenous stakeholders and has made presentations
on environmental and reclamation issues at various mining
conferences.
Flora Lo: Corporate Secretary
Ms. Lo is an experienced corporate secretary specializing in
corporate governance, regulatory compliance and legal affairs
management for TSX, TSXV and NYSE listed natural resource
companies. Prior to immigrating to Canada, Ms. Lo worked as
Government Counsel at the Department of Justice in Hong Kong,
and as a solicitor in the Civil
& Commercial Litigation Division at various local and
international law firms. Ms. Lo
graduated from the University of London with a Master
of Laws in commercial and corporate law. She has a
Bachelor of Arts in Geography and Economics from the
University of Hong Kong.
David Gower, P Geo: Advisor
David Gower has 20 years’ experience in nickel exploration
with Falconbridge (now Glencore), most recently as Director of
Global Nickel and PGM exploration. While at Falconbridge, he led
exploration teams to brownfield discoveries at Raglan, Sudbury,
Matagami, Falcondo and greenfield discoveries at Araguaia in
Brazil, Kabanga in Tanzania, and Amazonas, Brazil.
Mr. Gower is currently the CEO of Emerita Resources Corp. For the
past 10 years he has held executive and director positions with
several junior and mid-sized mining companies. Mr. Gower will
advise on Minago and regional nickel exploration at Thompson nickel
belt.
Peter C. Lightfoot P.Geo, PhD: Advisor
During a 20-year career as a geologist with Inco and Vale Dr.
Lightfoot was responsible for nickel exploration at Voisey’s
Bay, Sudbury and Carajas. Peter was also involved in project
generation, evaluation and technical support in Canada, Greenland,
Scandinavia, Finland, China, India, Australia, Brazil, Angola,
South Africa and the United States.
Dr. Lightfoot is currently an Adjunct Professor at the University
of Western Ontario. In 2016, Peter published the first
comprehensive textbook on the Ni-Cu-precious metal ore deposits of
the Sudbury Igneous Complex. Peter received his B.A. in Earth
Sciences from Oxford in 1980, his M.Sc. degree from the University
of Toronto in 1982 and his PhD from the Open University (U.K.) in
1985. He completed post-doctoral studies at the University of
Toronto and undertook extensive research on the geology and
geochemistry of the Noril’sk ore deposits during his tenure
as an Adjunct Professor.
Harald Batista: Advisor
Based in Brazil and California, Harald Batista is the son of the
honorable Eliezer Batista (1924–2018), the founder and former
president of CVRD (now Vale). With extensive network and fluency in
Portuguese, German, English, and Spanish, Mr. Batista will advise
on Flying Nickel’s Mergers and Acquisitions (M&A)
strategy.
Directors:
John Lee, CFA: Executive Chairman
Mr. Lee specializes in M&A and has raised over $130 million for
junior miners listed on the Toronto Stock Exchange and TSX Venture
Exchange since 2009. Mr. Lee led the Minago acquisition by Silver
Elephant Mining Corp. in February 2021 and later architected Silver
Elephant’s proposed spinout of Flying Nickel to operate
Minago. In addition, Mr. Lee led Silver Elephant in acquiring the
Pulacayo silver project, Gibellini vanadium project, Ulaan Ovoo
coal project in the past 10 years. Mr. Lee graduated from Rice
University with bachelor’s degrees in Economics (BA) and in
Engineering (BSc).
Mark Scott: Director
Mark Scott has had a distinguished 20-year career with Vale, Inco
and Noranda. His past roles include: Vice President & Head of
Manitoba Operations, Vale Canada Ltd.; Director Mining &
Milling, Vale Manitoba Operations; Manager, Thompson Nickel
Refinery; General Manager, Human Resources & Sustainability;
President & Board Chair, Mining Association of Manitoba
Inc.
Mr. Scott is currently President & CEO of Sassy Resources
Corporation. He holds a Bachelor of Arts from Dalhousie University,
a Master of Industrial Relations from the University of Toronto,
and a Masters Certificate in Project Management from York
University (Schulich School of Business) and the University of
Winnipeg. He brings to the Minago operation a wealth of experience
in mining, processing & exploration, strategic planning,
projects, and business & organizational
development.
Masa Igata: Director
Mr. Igata has more than 35 years’ experience in Asian
financial markets. Previously until 2004, he was the Managing
Director at Salomon Brother (later renamed as Nikko
Citigroup) for more than a decade. Mr. Igata has
extensive network contacts with Japanese
commodity trading companies and advises resource companies
on cross-border capital raising. Mr. Igata received his
Graduate of Law from Kyoto University and is a member of the
Securities Analysts Association of Japan.
About the Minago Project
The Minago Project is located in the southern part of
Manitoba’s Thompson Nickel Belt (“TNB”), which is
the fifth largest sulphide nickel belt in the world based on
contained nickel endowment, containing over 18 nickel deposits and
over 5 billion lbs of nickel production since 1959. (Naldrett,
A.J., 2004, Magmatic Sulfide Deposits; Geology, Geochemistry and
Exploration: Springer-Verlag, Berlin, 725 p.).
On July 6, 2021, Silver Elephant announced Mineral Resource
Estimate for Minago prepared by Mercator and AGP with an effective
date of July 2, 2021 that includes a Measured and Indicated Mineral
Resource of 722 million lbs of nickel, and an Inferred Mineral
Resource of 319 million lbs of nickel at an average grade of 0.74%
nickel. The Minago Project has received over $40 million in
investment since early 2000.
Manitoba Provincial Highway 6 and a high-voltage (230 kV)
transmission line both transect the Minago project. Minago has been
demonstrated to produce a 22.3% nickel concentrate based on
representative feed of 0.54% nickel through extensive metallurgical
testing by SGS. Vale currently produces nickel concentrates in
Thompson at the heart of the TNB, 270 km northeast of the Minago
project. Its nickel concentrates are shipped to its Sudbury smelter
for processing to refined nickel.
In 2011, the Environmental Act License submitted by Victory nickel
for a 10,000-tonnes-per-day open-pit operation at Minago was
approved by the Manitoba government. Flying nickel will provide an
update on the Environmental Act License in early 2022.
Qualified Persons
The technical contents of this news release have been prepared
under the supervision of Danniel Oosterman, the CEO for Flying
Nickel. Mr. Oosterman is not independent of the Company as this
term is defined under NI 43-101.
About Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and
exploration company with proposed nickel and vanadium
spinouts.
Further information on Silver Elephant and Flying Nickel can be
found at
www.silverelef.com and
www.flynickel.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.
These factors should be considered carefully, and readers should
not place undue reliance on the Company’s forward-looking
statements. The Company believes 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 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. 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.