Silver Elephant Mining Corp 6-K, filed May 21, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-05-21
For: 2021-05-21
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on May 21, 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 May
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: May 21,
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 21, 2021
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Exhibit 99.1
Silver Elephant To Pause Sunawayo Payments and
Exploration
Vancouver, British Columbia, May 21, 2021 – Silver Elephant
Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces
that it has suspended the Sunawayo property installment payments
pending verification of the status of Sunawayo title and
environmental permit (held by the Vendors as defined below) with
authorities. The Company acquired
its interest to the Sunawayo Project pursuant to a sales and
purchase agreement executed with certain Vendors dated August 25,
2020 (the "SPA").
The Company has notified the Vendors of their breach of certain
disclosure representations in the SPA. To date, the Company has
made one payment totaling US$300,000 and has no further
contractual obligations unless it wishes to pursue the SPA further
to acquire Sunawayo.
Sunawayo
is an early-stage exploration project and represents a small,
non-material part of the Company's overall strategy. By excluding
future Sunawayo payments, Silver Elephant has total mineral
property cash payments of approximately US$250,000 for the
remainder of 2021 and US$400,000 for 2022.
Further
to the news releases dated May 14, 2021 and May 20, 2021,
the Company plans to focus on its
Pulacayo project’s resource expansion and its environmental
permitting in Potosi department, Bolivia. The Company found a large
1.4km geophysical anomaly at Pulacayo which it intends to drill in
the near future. Pulacayo hosts 107 million oz of silver in the
indicated category, according to a Mercator Geological Services
technical report dated October 13, 2020 available on
sedar.com.
In parallel, the Company will work on proposed dual spinouts of its
wholly owned subsidiaries (Flying Nickel Mining Corp. and Nevada
Vanadium Mining Corp.) to return to a silver exploration
company
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.
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.