August 26, 2021 Silver Elephant Mining Corp. announced that it has entered into 2% royalty agreements (the “Royalty Agreements”) whereby the Company now holds a 2% royalty over each of the Company’s key projects (the “Royalties”), and, in connection with the previously announced spin-out and plan of arrangement of the Company (the “Arrangement”), such Royalties will be transferred into a newly incorporated wholly-owned subsidiary of the Company named Battery Metals Royalties Corp. (“Battery Metals Royalties”).

Pursuant to the Royalty Agreements and in connection with the Arrangement, Silver Elephant and its subsidiaries shall place the Royalties, which primarily consists of 2% net smelter return royalty over the Company’s Minago nickel project, 2% royalty over the Company’s Gibellini vanadium project, and 2% net smelter return royalty over the Company’s Pulacayo silver project, into Battery Metals Royalties.

In all but one case, the Royalties are payable to Battery Metals Royalties only when the price of the underlying metal in the mining project has been reached (“Threshold Prices”). The Threshold Prices have been set well above current metal prices by design to minimize the Royalties’ impact on future mine construction decisions.

Project, all 100%	Country	43-101 Resource (1)	Royalty Payment, Threshold Price (8)
Minago Nickel	Manitoba, Canada	722 million lbs Ni (I) (2) 319 million lbs Ni (Inf) (2)	2% when Nickel is over $15/lb
Gibellini Vanadium	Nevada, USA	131 million lbs V2O5 (M&I) (3) 94 million lbs V2O5 (Inf) (3)	2% when V2O5 is over $12/lb
Pulacayo Silver-Lead-Zinc	Potosi, Bolivia	107million oz Ag (I) (4) 1,410 million lbs Zn (I) (4) 690 million lbs Pb (I) (4)	2% when Silver is over $30/oz
El Triunfo Gold-Silver	Bolivia	N/A	2% when Silver is over $30/oz
Titan Iron Vanadium	Canada	434 million lbs V2O5 (Inf) (5)	2% when V2O5 is over $12/lb
Ulaan Ovoo Coal Chandgana Coal	Mongolia	20.7 million tonnes (Proven) (6) 124 million tonnes (Measured) (7)	$2 per tonne of coal sold no Threshold Price

 

1. Measured (M) Indicated (I), Inferred (Inf)
2. Minago resource completed by Mercator Technical Services and AGP Mining Consultant, refer to news release dated July 6th, 2021.
3. Gibellini resource completed by Wood, Plc, refer to news release dated May 29th, 2018.
4. Pulacayo resource completed by Mercator Geotechnical Services refer to news release dated October 13th, 2020.
5. Titan resource completed by Mine Development Associates refer to news release dated November 8, 2017
6. Ulaan Ovoo resource completed by Wardrop refer to news release dated December 16, 2010
7. Chandgana resource completed by John T. Boyd Company refer to news April 3, 2014
8. Dollars valued in USD

It is expected that upon completion of the Arrangement, Battery Metals Royalties will be managed by John Lee, CFA. Mr. Lee has over 20 years of experience in metals and mining. Battery Metals Royalties will focus on mining investments in nickel, vanadium, silver, copper, and gold, and seek to leverage Mr. Lee’s extensive network to locate opportunities before they become mainstream.

In the past decade, Mr. Lee visited well over 50 mining projects around the world and led Silver Elephant in the acquisition of over 15 mining properties in Canada, US, Bolivia, and Asia. Mr. Lee has helped raised over $120 million in equity financings for Silver Elephant, a skill which he will apply to grow Battery Metal Royalties.

About Nevada Vanadium Mining Corp.

Nevada Vanadium Mining Corp. is a Canadian reporting issuer, holding a 100% interest in the Gibellini Vanadium project in Nevada, United States. 
To find out more about Nevada Vanadium, visit  www.nevadavanadium.com

NEVADA VANADIUM MINING CORP.

ON BEHALF OF THE BOARD

“Ron Espell”

CEO 

For more information about Nevada Vanadium, please contact Investor Relations: info@nevadavanadium.com

 Cautionary Note Regarding Forward-Looking Statements

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. Such forward-looking statements, which reflect management’s expectations regarding Company’s future growth, results of operations, performance, and business prospects and opportunities, 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.

These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company 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. In addition, although the Company 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. The Company undertakes no obligation to publicly release any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.