Silver Elephant Releases Pea For Nevada Vanadiu... May 2026

: The project received its Record of Decision (ROD) from the Bureau of Land Management in late 2023.

According to the 2021 PEA results published by Silver Elephant Mining Corp., the project demonstrates robust economics: : 25.4%. After-Tax NPV : $127.9 million at a 7% discount rate. Cumulative Cash Flow : $260.8 million after-tax. Payback Period : 2.5 years.

: Silver Elephant recently reorganized to focus on silver, spinning out the vanadium assets into Nevada Vanadium Mining Corp. . Silver Elephant releases PEA for Nevada vanadium project Silver Elephant releases PEA for Nevada vanadiu...

: The mine is planned to be the first in the U.S. powered completely by renewable energy, utilizing a 6 MW solar array and a 10 MW vanadium flow battery.

The Gibellini project is a critical asset for domestic supply in the U.S., where 100% of vanadium demand is currently met through imports. : The project received its Record of Decision

: $147 million, including a 25% contingency. Operational Specifications

: 10.2 million pounds of vanadium pentoxide ( V2O5cap V sub 2 cap O sub 5 Life of Mine (LOM) : 11.1 years. Cash Operating Cost : $4.70 per lb V2O5cap V sub 2 cap O sub 5 All-In Sustaining Cost (AISC) : $6.04 per lb V2O5cap V sub 2 cap O sub 5 Average Grade : 0.271% V2O5cap V sub 2 cap O sub 5 Strip Ratio : 0.18:1 (waste to leach material). Strategic Importance and Status Cumulative Cash Flow : $260

The project is designed as an open-pit, heap-leach operation located in the Battle Mountain region of Nevada: