This change of financial year-end facilitates the audit process given the great demand for audit services with the December 31 year end. Vancouver, British Columbia, December 30, 2022 Silver Elephant Mining Corp. (Silver Elephant or the Company) (TSX: ELEF, OTCQX: SILEF, Frankfurt:1P2N) announces that it is changing its financial year end from December 31 to March 31. 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 minprojecting 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. Pursuant to the Arrangement, Battery Metals received the Flying Nickel Shares and Nevada Vanadium Shares as partial consideration for the issuance of 80,000,000 Battery Metals Shares. var addy_textf434a66a840288fec0ab5263bcbc5929 = 'info' + '@' + 'silverelef' + '.' + 'com';document.getElementById('cloakf434a66a840288fec0ab5263bcbc5929').innerHTML += ''+addy_textf434a66a840288fec0ab5263bcbc5929+'<\/a>'; www.silverelef.com. Silver Elephant Mining Corp. is a premier silver mining and exploration company. Once the material is stacked, solution will be added to the leach heap at a rate of 0.0025 gallons per minute per square foot. An early warning report pursuant to the requirements of applicable securities laws will be issued by Silver Elephant and will be posted to SEDAR at www.sedar. Orbock III, RM SME. Tietosuojakytnnstmme ja evstekytnnstmme voit lukea listietoa siit, miten kytmme henkiltietojasi. Vanadium Recoveries and Metallurgical Testing. Battery life is projected to be a minimum of 20 years with no expected degradation of the vanadium or the charge density. Silver Elephant 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. All dollar values are expressed in US dollars unless otherwise noted. JOHN LEE Silver Elephant Mining Announces Change in Financial Year End Serpent Shield - Warhammer 40k - Lexicanum The total initial capital cost is estimated at approximately $147 million. Further information on Silver Elephant can be found at www.silverelef.com. 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. For more information about Silver Elephant, please contact Investor Relations: +1.604.569.3661 ext. It is used extensively in the aerospace and defense sectors, as well as in skyscraper construction. Note: OH&P = overhead and profit, EPCM = engineering, procurement and construction management. Baroyeca Gold and Silver is a mineral exploration company focused on high-grade silver and gold projects in Colombia. As of August 27, 2021, the European price of vanadium pentoxide (98%) was $9.60 per pound according to www.asianmetal.com. The 2021 PEA was prepared by Wood Group USA, Inc (Wood) and Mine Technical Services Ltd. (MTS). If you are looking to buy or sell your rare coins and are in the New Jersey area, we have been serving both the coin collectors and coin investors since 1955. Non-YouTube, Vanadium Gibellini Heap Leach Animation (2:29min) Tonnage and grade measurements are in US units. Silver Elephant confirms that until such date, which will be beyond the Effective Date of January 14, 2022, the common shares will continue to trade on the TSX on a pre-Arrangement and pre-Consolidation basis. Further information on Silver Elephant, Flying Nickel, Nevada Vanadium, and Battery Metals can be found at www.silverelef.com, www.flynickel.com, www.nevadavanadium.com, and www.royalbatt.com, respectively. A subset of the Gibellini and Louie Hill Mineral Resource estimates were adopted in the 2021 PEA mine plan. We have a wide and varied assortment of all types of rare US coins, world coins and collectible coins. The solution will be collected in a pond and this pregnant leach solution (PLS) will be sent to the process building for metal recovery. Nevada Vanadium or its consultants believe that the expectations reflected in the forward-looking statements contained on this page and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. 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. Pursuant to the Arrangement, Silver Elephant received 80,000,000 Battery Metals Shares in consideration for the transfer of certain assets to Battery Metals, of which, 48,269,890 such Battery Metals Shares were subsequently transferred to shareholders of Silver Elephant on the basis of two Battery Metals Shares for each one post Consolidation common share of Silver Elephant held ("Silver Elephant Post-Consolidation Shares"). Samples were obtained to ensure that tests were performed on sufficient sample mass. A 30% increase in the vanadium price to $13/lb V2O5 relative to the base case translates to a 42% IRR and $295.4 million after-tax net present value at a 7% discount rate. Additionally, Battery Metals acquired, directly and indirectly, 22,953,991 common shares ("Flying Nickel Shares") of Flying Nickel and 22,953,991 common shares ("Nevada Vanadium Shares") of Nevada Vanadium pursuant to the Arrangement. Silver Elephant Mining Corp. is a premier mining and exploration company in silver, nickel, and vanadium. Mineral Resources are reported at various cut-off grades for oxide, transition, and reduced material. Plus500. Mineral Resources are reported within a conceptual pit shell that uses the following assumptions: Mineral Resource V. Rounding as required by reporting guidelines may result in apparent summation differences between tons, grade and contained metal content. You need JavaScript enabled to view it.document.getElementById('cloakf434a66a840288fec0ab5263bcbc5929').innerHTML = ''; Post-Arrangement, each company will commence its corresponding core business with the following: For more information regarding the Arrangement, readers should refer to the Company's management information circular prepared in connection with the Meeting, a copy of which is available at www.sedar.com and silverelef.com. The NOI commences the National Environmental Policy Act (NEPA) review by the Bureau of Land Management (BLM). Vancouver, British Columbia, December 23, 2021 - Silver Elephant Mining Corp. ("Silver Elephant", or the "Company") (TSX: ELEF, OTCQX: SILEF, Frankfurt: 1P2N) is pleased to report that all. For further information, including a copy of the early warning report required under applicable Canadian securities laws to be filed by Silver Elephant as a result of the Arrangement referred to in this press release, please contact Flora Lo at 604-437-8232. Calibre Mining Announces Initial High-Grade Drill Results at its Eastern Borosi Mine Complex; Drilling Intersects 12.9 g/t Gold over 8.5 metres Including 23.30 g/t Gold over Arras Minerals Completes Analytical Review of 2022 Regional Exploration Licence Field Program, New Age Metals Completes Phase 3 Rhodium Geochemistry Study of the River Valley Palladium Project, Silver Elephant Mining Announces Appointment of Douglas M. Flett, J.D. Kun kytt sivustojamme ja sovelluksiamme, kytmme, tarjotaksemme sivustomme ja sovelluksemme sinulle, todentaaksemme kyttjt, estksemme roskapostia ja vrinkytksi sek toteuttaaksemme tietoturvatoimia. The leach material will be fed to the agglomerator where sulfuric acid, flocculent and water will be added to achieve adequate agglomeration. Sewaren, NJ Map & Directions - MapQuest XBRL Voluntary Filing Program The direct heap leach vanadium recovery estimates used in the 2021 PEA were based on extensive metallurgical test work performed by SGS Lakefield Research Laboratories, Dawson Minerals Laboratories, and McClelland Laboratories. The average annual mine production during the 11.1 year mine life will be 3.56 million tons of leach material (3 Mst) and waste (0.56 Mst) at a strip ratio of 0.18 (w:l). October 2021 Preliminary Economic Assessment for the Gibellini Project (pdf). You need JavaScript enabled to view it. British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland, North West Territories, Yukon, Nunavut. Silver Elephant Mining Corp. is a premier silver mining and exploration company. The Woodruff Formation is the host of the vanadium mineralization in the three deposits. 86% of retail CFD accounts lose money, https://www.accesswire.com/683320/Silver-Elephant-Provides-Update-On-Its-Pre-Consolidated-Share-Trading, Registration on or use of this site constitutes acceptance of our. A power line would be constructed from an existing transmission line and water will be leased from a private ranch. Check your email inbox now for the latest private placement opportunity. CEO Although the Companys management and its consultants consider these assumptions to be reasonable based on information currently available to them, such assumptions may prove to be incorrect. Operating costs are estimated to average $16.12 per ton leached, or $4.7/lb V2O5 recovered. Oracle has equity investments in nickel and vanadium mining companies. Non-YouTube, Vanadium Gibellini Aerial Looking North-East (0:49sec) Operating permits from the State of Nevada are on track to be received on the same timeline as the ROD. 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, with 24,134,945 post-Consolidation common shares outstanding, holding a 100% interest in the Pulacayo silver and El Triunfo gold-silver projects in Bolivia, and 31,730,110. If selected by the BLM, the Gibellini project would be the first mine in the US completely powered by renewable energy. Non-YouTube, Vanadium Gibellini Advancing To Development (1:35min) Non-YouTube, Vanadium Gibellini overlooking Louie Hill (0:31sec) Additional laboratory scale testing was successfully conducted on the loaded strip solution to purify, precipitate and extract final marketable vanadium-bearing products. nyttksemme sinulle kohdennettuja mainoksia ja sislt kiinnostusprofiileiden perusteella, mitataksemme kohdennettujen mainosten ja sisltjen tehokkuutta. var prefix = 'ma' + 'il' + 'to'; Mining will be completed using contract mining, with Silver Elephants mining staff overseeing the contracted mining operation and performing the mine engineering and survey work. The Gibellini project is designed to be an open pit, heap leach operation in Nevadas Battle Mountain region (25 km south of Eureka) with initial capital cost of $147 million, average annual production is 10.2 million pounds of V2O5 , at an all-in sustaining cost of $6.04 per pound with strip ratio of 0.18 to 1 (waste rock:leach material). kehittksemme ja parantaaksemme palveluitamme sek tuotteitamme. Non-YouTube, Vanadium Zoom to Gibellini (1:10min) A sensitivity analysis to vanadium price indicates strong project economics even in very challenging conditions, and that the Gibellini project is well positioned to benefit from the current rising vanadium price environment. jlee@silverelef.com, Vanadium Gibellini Skyline (0:50sec) Of the 31,730,110 Battery Metals Shares retained by Silver Elephant, 5,822,128 are reserved for transfer to holders of options and warrants of Silver Elephant ("Convertible Securities") such that, upon exercise of each such Convertible Security, the holder thereof shall receive, inter alia, two Battery Metals Shares in addition to each one Silver Elephant Post-Consolidation Share issuable upon exercise thereof (the "Reserved Shares"). This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Samples were selected from a range of depths within the Gibellini deposit, and are considered to be representative of the various types and styles of mineralization within that deposit. In addition, although Company 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. PDF Resource List of Health and Social Service Agencies - The Official Web 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. Non-YouTube, Vanadium Gibellini Advancing To Development (1:35min) Such forward-looking statements, which include statements regarding the completion of the Arrangement, issuance of a TSX trading bulletin in respect of the Arrangement and the settlement of securities into beneficial shareholders' accounts, 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. The notice for the change in financial year-end required under National Instrument 51-102 - Continuous Disclosure Obligations will be filed under the Company's SEDAR profile at www.sedar.com. In addition, although Nevada Vanadium 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. The Battery Metals Shares were acquired as part of the Arrangement. Silver Elephant Mining Corp. is a premier mining and exploration company in nickel, silver, and vanadium. Sustaining capital is estimated at $25.2 million. Subscribe to Nevada Vanadium news the moment its out by email for free. Further information on Silver Elephant can be found at www.silverelef.com. 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. Pursuant to the Arrangement, the common shares of the Company were consolidated on a 10:1 basis (the "Consolidation") and each holder of common shares of the Company will receive in exchange for every 10 pre-Consolidation common shares held: (i) one post-Consolidation common share of the Company; (ii) one common share of Flying Nickel Mining Corp. ("Flying Nickel"); (iii) one common share of Nevada Vanadium Mining Corp. ("Nevada Vanadium"); and (iv) two common shares of Battery Metals Royalties Corp. ("Battery Metals"). Following the Arrangement, Battery Metals owns and controls: (i) 22,953,991 Flying Nickel Shares, which represents approximately 39.7% of the Flying Nickel Shares outstanding following completion of the Arrangement; and (ii) 22,953,991Nevada Vanadium Shares, which represents approximately 45.9% of the Nevada Vanadium Shares outstanding following completion of the Arrangement. Sustaining capital is estimated at $25.2 million. Operating permits from the State of Nevada are on track to be received on the same timeline as the ROD. his change of financial year-end facilitates the audit process given the great demand for audit services with the December 31 year end. A structural vanadium deficit is expected to occur by 2025 with the rising popularity of the vanadium redox flow battery which is a mature technology featuring up to an eight-hour duration discharge and is scalable to hundreds of megawatt hours. Currently there are no Mineral Reserves on the Gibellini property. Silver Elephant Provides Update On Its Pre-Consolidated Share Trading 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 2021 PEA was prepared by Wood Group USA, Inc (Wood) and Mine Technical Services Ltd. (MTS). Silver Elephant: Gibellini Vanadium Project's PEA Shows 25.4% After Tax Tonnage and grade measurements are in US units. Early warning reports pursuant to the requirements of applicable securities laws will be issued by Battery Metals and will be posted to SEDAR at www.sedar.com and available on request at the number below. Vanadium alloy steel is 30% lighter than non-alloyed steel, with double the tensile strength. Silver Elephant Mining Corp. is a premier silver mining and exploration company. It also owns 100% of Mega Thermal Coal Corp. and 39% of Oracle Commodity Holding Corp. ("Oracle"). one post-Consolidation common share of the Company; one common share of Flying Nickel Mining Corp. (", one common share of Nevada Vanadium Mining Corp. (", two common shares of Battery Metals Royalties Corp. (". CERTIFIED RARE COINS. In addition, although Silver Elephant 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. Once the material is stacked, solution will be added to the leach heap at a rate of 0.0025 gallons per minute per square foot. addyf434a66a840288fec0ab5263bcbc5929 = addyf434a66a840288fec0ab5263bcbc5929 + 'silverelef' + '.' + 'com'; This change of financial year-end facilitates the audit process given the great demand for audit services with the December 31 year end. Battery Metals Royalties to Acquire 45% Interest in Mongolian Coal Solvent extraction processing was conducted to recover vanadium from sulfuric acid PLS generated during pilot column testing on bulk leach samples from the Gibellini project. The processing method envisioned will be to feed leach material from the mine via loader to a hopper that will feed a crushing plant. About Silver Elephant. Further information on Silver Elephant can be found at, These factors should be considered carefully, and readers should not place undue reliance on the Silver Elephants forward-looking statements. The PLS will be continuously collected with leach material undergoing, on average, a 150 day heap-leaching cycle. The acquisition of the Bisoni McKay deposit in September of 2020 significantly expanded the Companys land position from approximately 7 km of Woodruff Formation strike to 21 km . Silver Elephant Mining Corp. (Silver Elephant or the Company) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to announce the results of a preliminary economic assessment (the 2021 PEA) for its Gibellini vanadium project (Gibellini project) that demonstrates an after-tax internal rate of return (IRR) of 25.4%, and after-tax cumulative cash flow of $260.8 million, assuming an average vanadium pentoxide (V2O5) price of $10.00 per pound. Non-YouTube, Vanadium Gibellini Aerial Looking Eastward (0:48sec) The acquisition of the Bisoni McKay deposit in September of 2020 significantly expanded the Companys land position from approximately 7 km of Woodruff Formation strike to 21 km . Silver Elephant Announces Change in Financial Year End Silver Elephant Announces Change in Financial Year End
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