Silver Elephant Mining Corp Stock Price, News & Analysis

Silver Elephant Mining Corp (TSX: ELEF, OTCQX: SILEF) will hold a live presentation at VirtualInvestorConferences.com on July 27, 2021, at 2 PM ET. The presentation will feature Ron Espell and Danniel Oosterman, who will engage with investors in real time. Recently, the company reported a nickel resource estimate of 722 million pounds at the Minago project in Manitoba. They are also updating a preliminary economic assessment for the Gibellini vanadium project in Nevada. Archived access will be available post-event.

Silver Elephant Mining Corp. has filed an early warning report following the disposition of 8,061,000 common shares of Victory Nickel Inc. between July 14 and July 19, 2021, at an average price of $0.0168, totaling approximately $135,435. After this sale, Silver Elephant holds 17,222,000 shares, equating to 12.46% of Victory Nickel's issued shares. The shares were acquired for investment purposes, with intentions to adjust holdings as deemed appropriate. Both companies have a voting trust agreement regarding these shares.

Silver Elephant Mining Corp. has appointed Dr. Peter C. Lightfoot as a technical advisor for its Minago nickel project in Canada's Thompson nickel belt. Dr. Lightfoot, a seasoned geologist with over 20 years of experience in nickel exploration, is expected to enhance the project's exploration and evaluation efforts. The Minago project holds significant resources, with a mineral resource estimate indicating 722 million lbs of nickel (measured and indicated) and 319 million lbs (inferred). The project has attracted over $40 million in investments since the 2000s.

Silver Elephant Mining Corp. (OTCQX:SILEF) provided an update on its Minago Nickel Project in Manitoba. The company is working with Manitoba's government to finalize a Notice of Alteration (NOA) related to the tailings management area, crucial for updating its Environment Act License by year-end 2021. The project has a measured and indicated resource of 722 million lbs of nickel. Additionally, Silver Elephant is pursuing low-carbon mining initiatives, aiming to utilize renewable energy sources and an electric fleet to minimize environmental impact.

Silver Elephant Mining Corp. has released a new mineral resource estimate for its 100% owned Minago Nickel Project in Manitoba, effective July 2, 2021. The estimate indicates a Measured and Indicated resource of 722 million lbs of contained nickel, with an Inferred resource of 319 million lbs. The project has seen over $40 million in investments from various parties since 2000. The MRE was conducted by independent firms and adheres to CIM standards. Future plans include drilling to expand resources and a feasibility study to assess economic viability.

Silver Elephant Mining Corp. has received TSX approval to extend its Annual General Meeting (AGM), now scheduled for September 10, 2021, at 9:30 a.m. (EDT). The company focuses on silver mining and exploration, emphasizing its commitment to corporate governance and shareholder engagement. The announcement is part of Silver Elephant's ongoing efforts to align its operations with market expectations and regulatory requirements.

Silver Elephant Mining Corp. has initiated a 2,000-meter drilling program at its Pulacayo silver-lead-zinc project in Bolivia, based on positive results from an ongoing Induced Polarization (IP) geophysical survey. The program plans a minimum of 10 drill holes to assess a new IP anomaly, measuring 1,400 meters by 250 meters, which has never been drilled. The current resource estimate includes 106.7 million oz of indicated silver and 13.1 million oz of inferred silver. This initiative aims to expand Pulacayo’s silver resource base.

Silver Elephant Mining Corp. has initiated a Preliminary Economic Assessment (PEA) for its Gibellini vanadium project in Nevada through its subsidiary, Nevada Vanadium. The project has seen a significant rise in vanadium prices, increasing by 52% in 2021, which may enhance economic feasibility. The PEA will be conducted with Wood PLC and Mine Technical Services. The Gibellini project is positioned in a top mining jurisdiction and has received over $35 million in investments. A final Environmental Impact Statement is expected in 2021.

Silver Elephant Mining Corp. has appointed key personnel for its Minago nickel operation and the proposed spinout of Flying Nickel Mining Corp. Rob Van Drunen becomes Project Manager, bringing over 30 years of mining experience. Doug Ramsey takes the role of Environmental Manager with extensive knowledge in environmental assessment. Advisors Mark Scott and David Gower will focus on operational efficiency and nickel exploration, respectively. The Minago project, located in Manitoba's Thompson Nickel Belt, spans 197 km² and has received $35 million in investments.