Silver Elephant Mining Corp 6-K, filed Jul 7, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-07-07
For: 2021-07-06
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April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on July 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 July
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: July 7,
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 July 7, 2021.
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Exhibit
99.1
Silver Elephant Announces Permitting Update and Low Carbon
Initiative For Minago Nickel Project at Thompson Nickel Belt in
Manitoba
Vancouver, British Columbia, July 7, 2021 – Silver
Elephant Mining Corp. (“Silver Elephant” or “the
Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N)
announces the following update for its
100% owned Minago Nickel Project (“Minago Project”) at
Manitoba’s Thompson’s Nickel Belt in
Canada.
Environment Act License
In August 2011, the Minago Project achieved a major milestone when
the Environment Act License (“EAL”) was issued by the
province of Manitoba. The prior operator of the project
subsequently filed a Notice of Alteration (NOA) to the EAL, in
December 2013, related to relocation of the tailings management
area to address First Nation concerns. The NOA process was not
completed by the prior operator and remains outstanding. Since
acquiring the project in February 2021, Silver Elephant has
re-engaged the Manitoba Government regarding the NOA status for the
10,000 tonne-per-day open-pit mining operation at Minago. The ARDD
has confirmed that the NOA can still be completed and the Company
is currently working with ARDD to finalize the NOA approval,
leading to issuance of an updated Environment Act License, which is
expected by the end of 2021.
A
socioeconomic assessment was conducted and the prior operator
signed a Memorandum of Understanding (MOU) with each of the
Pimichikamak Cree Nation (Cross lake), Mosakahiken First Nation
(Moose Lake), and Misipawistik Cree Nation (Grand Rapids). The
Company is re-engaging the First Nations with traditional
territories that include the project site, including the Norway
House Cree Nation, to work toward inclusion and renewal of the MOUs
in 2021.
The Agriculture and Resource Development Department
(“ARDD”) has expressed support for the Minago Project,
which would supply much needed Class 1 high-purity nickel to make
nickel-lithium batteries used in electric vehicles.
Low Carbon Operation
Several
initiatives are being considered or taken to minimize the carbon
footprint of potential future mining operation at Minago. For
mining, the Company will examine the use of a fully electric mine
fleet and review the use of waste material to expose the serpentine
component to air to absorb carbon dioxide through carbonation. For
ore and waste processing, the crushing, milling and flotation
processes would be powered by renewable hydroelectricity, which
accounts for 97% of all electricity generation in
Manitoba.
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 (mineral resources
are not mineral reserves and do not have demonstrated economic
viability). 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.
Qualified Persons
The technical contents of this news release have been prepared
under the supervision of Danniel Oosterman, VP Exploration. Mr.
Oosterman is not independent of the Company in that he is employed
by it. Mr. Oosterman is a qualified person (“QP”) as
defined by the guidelines in NI 43-101.
About Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and
exploration company.
Further information on Silver Elephant can be found at
www.silverelef.com.
SILVER ELEPHANT MINING CORP.
“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 the 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.