: $147 million, including a 25% contingency. Operational Specifications
: The project received its Record of Decision (ROD) from the Bureau of Land Management in late 2023.
Silver Elephant Mining Corp. released the results of a 2021 Preliminary Economic Assessment (PEA) for its in Nevada , which is positioned to become the first primary vanadium mine in the United States. Key Financial Highlights (2021 PEA)
: 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.
: 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
The project is designed as an open-pit, heap-leach operation located in the Battle Mountain region of Nevada:
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.