Silver Elephant, previously known as PCY, just changed name on March 23rd- Silver & Vanadium Mines

Discussion in 'Penny Stocks' started by Intern shIp, Mar 25, 2020.

  1. Intern shIp

    Intern shIp Member

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    Silver Elephant Mining Corp (TSX: ELEF, OTC: SILEF), is a TSX listed company advancing its 100% controlled top-tier Pulacayo silver mining project in Bolivia.

    Silver Elephant's Pulacayo silver project features diamond drill intercept of 1,030 g/t Ag over 25 meters, a starter resource 31 million indicated oz at 455g/t, 21 million oz inferred*. Only 30% of the known mineralization is drilled. Pulacayo is near New Pacific’s major silver discovery in Potosi, and ELEF is selling for a fraction of NUAG’s valuation.

    Silver Elephants objective in 2020 is drill and expand Pulacayo silver resource base which is open to the west and at depth, as well as drill district-scale targets (Paca, Al Abra, Pero, Pacamayo).

    Silver Elephant specializes in mine permitting, construction, and operations.

    The company is managed by mine builders and governed by industry renowned directors from Barrick Gold Corp, Klondex Mines Ltd, Tahoe Resources Inc, and Bear Creek Mining Corp.

    Mr. Eric Sprott owns 9% of Silver Elephant, Company insiders own further 15% of Silver Elephant, which has no bank debt and approximately 122 million shares outstanding

    (https://www.silverelef.com/company/management/)
    https://www.juniorminingnetwork.com...ng-on-otcqx-under-silef-on-march-23-2020.html
     
  2. Intern shIp

    Intern shIp Member

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    *this article from today doesn't mention it but the company mentioned in there belongs to Silver Elephant (TSX:ELEF) so that explains why it got bigger and better*

    https://mynews4.com/news/local/review-fast-tracked-for-nevada-vanadium-mine-1st-in-the-us

    RENO, Nev. (AP) — Invoking President Trump’s executive order streamlining environmental reviews of projects critical to U.S. security, federal land managers have launched an expedited permitting process for the first U.S. vanadium mine at a high-desert site in Nevada.

    The rare metal has been used as an alloy to strengthen steel, aluminum and titanium in the construction, auto, aerospace and computer industries but must currently be imported — primarily from Austria, Canada and Russia.

    The Bureau of Land Management said in announcing plans earlier this month for the mine’s expedited review that U.S. dependence on foreign vanadium “creates a strategic vulnerability for both the economy and military to adverse government action or other events that can disrupt the supply of this key mineral.”

    Henry Ford is credited with the first commercial application of vanadium when he used it to toughen the steel in the frame of the Model T in the early 1900s.

    Vanadium has been extracted in small amounts in the U.S. but only as a minor byproduct of other mining operations, mostly uranium mines in Utah.

    China produces more than half the world’s vanadium but consumes most of it domestically. China’s recent move toward adopting standards for construction rebar metal rod standards as tough as those in the U.S. is a driving force in increased demand for the material valued for its high strength-to-weight ratio.

    The Nevada Vanadium Co. plans to mine about 10 million pounds (4.5 million kilograms) a year, or about half of the overall U.S. demand, on 10 square miles (2,589 hectares) land owned by the Bureau of Land Management about 200 miles (321 kilometers) east of Reno.

    The Canadian-based company with an office in the tiny community of Eureka near the mine site plans also plans to extract about 50,000 pounds (22,679 kilograms) of yellow cake uranium annually, a concern to environmentalists who aren’t worried about vanadium.

    Enriched yellow cake uranium can be used to make nuclear weapons or produce fuel for nuclear power plants.

    Environmental reviews for large mines can take years under normal regulatory schemes. But Bureau District Manager Doug Furtado is expecting a decision in about 12 months.

    “If approved, this project would provide hundreds of jobs and will contribute to the nation’s domestic source of critical minerals,” Furtado said.

    Expedited review is allowed under Trump’s 2017 order directing the interior and commerce secretaries to develop a to protect and expand commercial access to critical minerals.

    The final list of the 35 designated minerals issued in May 2018 included vanadium, aluminum, lithium, magnesium, platinum, tungsten and uranium.

    In addition to airplanes and rockets, critical minerals are used to manufacture batteries, computer LCD screens, integrated circuits, optical devices and medical imaging.

    “Without them, the nation’s economy would grind to a halt, and the technological edge maintained by the Armed Forces and intelligence community would erode,” the agency said.

    Nevada Vanadium Co. began developing plans for the mine five years ago. It submitted a management plan to the bureau in 2018.

    In addition to Chinese construction standards, demand is being driven by development of a unique vanadium flow battery showing promise for meeting future energy storage needs.

    Ron Espell, Nevada Vanadium’s vice president for environment and sustainability, said vanadium mines historically have been cost-prohibitive in the U.S. because of the poor quality of deposits.

    Vanadium produced as a byproduct at uranium mines is especially impure, as is vanadium produced during the oil refining process. China extracts vanadium during steel slag production, but the resulting emissions are extremely high and far above what’s legal under the U.S. Clean Air Act, Espell said.

    “It’s all about the purity and it never pencils out economically,” he said. “This one is unique. It’s in the 98 to 99% percent pure range. It makes our project very attractive.”

    The mine would employ up to 120 construction workers starting as early as next year, followed by up to 120 mine employees.

    Environmentalists are concerned that the mine could hurt wildlife, including the imperiled greater sage grouse.

    “Groundwater contamination in this area from uranium mining could spell catastrophe for the biodiversity there,” said Patrick Donnelly, Nevada director of the Center for Biological Diversity.

    Uranium mining hasn’t occurred in Nevada for years, Donnelly said. He said Nevada has a “troubled history with the nuclear industry,” from atomic weapons detonations at the Nevada Test site to proposals to dump nuclear waste at Yucca Mountain.

    “Nevadans are going to be very wary of foreign mining companies inserting our public lands into the nuclear supply chain,” he said.
     
  3. Intern shIp

    Intern shIp Member

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    Silver Elephant purchases bisoni mines!


    Silver Elephant Mining Subsidiary Completes Acquisition of Bisoni Vanadium Project


    TSX: ELEF
    www.silverelef.com

    Mr. John Lee reports:

    VANCOUVER, BC / ACCESSWIRE / September 18, 2020 /Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that its wholly owned subsidiary Nevada Vanadium LLC ("Nevada Vanadium") has completed the acquisition of the Bisoni vanadium project ("Bisoni Project") from CellCube Energy Storage Systems Inc. ("Cellcube") pursuant to the Asset Purchase Agreement ("APA") announced on August 24, 2020. The Bisoni Project is situated immediately southwest to Nevada Vanadium's Gibellini Project.

    Under the terms of the APA, the Company has issued 4 million Silver Elephant common shares ("Compensation Shares") and paid $200,000 cash to Cellcube. The Compensation Shares are subject to a statutory four month and one day hold period expiring on January 19, 2021.

    Additionally, subject to TSX approval, if, on or before December 31, 2023, the price of European vanadium pentoxide on the Metal Bulletin (or an equivalent publication) exceeds US$12 a pound for 30 consecutive days, Silver Elephant will issue to CellCube, an additional $500,000 worth of Silver Elephant's common shares (the "Bonus Shares"), calculated based upon the 5 day volume weighted average price of the Silver Elephant common shares immediately following the satisfaction of the vanadium pentoxide pricing condition.

    About Nevada Vanadium

    Nevada Vanadium, a wholly owned subsidiary of Silver Elephant Mining Corp., is developing the Gibellini Project, the only large-scale, open-pit, heap-leach vanadium project of its kind in North America. Located in Nevada, Gibellini is currently undergoing project engineering and permit development. Nevada Vanadium additionally develops and adds the Bisoni Vanadium Project to its portfolio. Further information on Nevada Vanadium can be found at www.nevadavanadium.com.

    About Silver Elephant

    Silver Elephant is a premier silver mining company. The Company's goal is to enable shareholders to own as much silver in the ground as possible. 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
    [email protected] www.silverelef.com
     
  4. Intern shIp

    Intern shIp Member

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    https://www.juniorminingnetwork.com...ught-deal-public-offering-to-c-8-million.html


    Silver Elephant Mining Announces Upsize of its Previously Announced Bought Deal Public Offering to C$8 Million


    TSX: ELEF
    www.silverelef.com

    Mr. John Lee reports:

    VANCOUVER, BC / ACCESSWIRE / October 21, 2020 / Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF) (OTCQX:SILEF) (Frankfurt:1P2N) is pleased to announce that it has entered into an amended agreement with Mackie Research Capital Corporation as lead underwriter and sole bookrunner (the "Lead Underwriter"), on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and Sprott Capital Partners LP (collectively with the Lead Underwriter, the "Underwriters"), to increase the size of the previously announced bought deal short-form prospectus offering (the "Offering") of common shares of the Company (the "Common Shares") to purchase, on a bought-deal basis, an aggregate of 20,000,000 Common Shares at a price of $0.40 per Common Share for aggregate gross proceeds of $8,000,000.

    The Company has granted the Underwriters an option (the "Over-Allotment Option") to increase the size of the Offering by up to an additional number of Common Shares that in aggregate would be equal to 15% of the total number of Common Shares to be issued under the Offering, at any time up to 30 days following the closing of the Offering.

    The net proceeds from the sale of the Common Shares will be used for the exploration, development and/or improvement of the Company's mine properties and for working capital purposes.

    The Offering is scheduled to close on or about November 12, 2020, or such later or earlier date as the Lead Underwriter may agree upon, and is subject to a number of conditions, including receipt of all necessary securities regulatory approvals and the approval of the Toronto Stock Exchange.

    The Common Shares will be offered by way of a short form prospectus to be filed in those provinces of Canada, other than Quebec, as the Underwriters may designate pursuant to National Instrument 44-101 - Short Form Prospectus Distributions and may be offered in the United States on a private placement basis pursuant to an appropriate exemption from the registration requirements under applicable U.S. law.

    This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or under any U.S. state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the "United States" or to, or for the account or benefit of, persons in the "United States" or "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act) except in certain transactions exempt from the registration requirements of the U.S. Securities Act and all applicable U.S. state securities laws. This release does not constitute an offer to sell or a solicitation of an offer to buy such securities in the United States, Canada or in any other jurisdiction where such offer, solicitation or sale is unlawful.

    About Silver Elephant

    Silver Elephant is a premier silver mining company. The Company's goal is to enable shareholders to own as much silver in the ground as possible.
     

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