: The project received its Record of Decision (ROD) from the Bureau of Land Management in late 2023.
The project is designed as an open-pit, heap-leach operation located in the Battle Mountain region of Nevada:
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)
: 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
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.