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Flying Nickel Announces 405,020 oz of M&I Inaugural Platinum and Palladium Mineral Resource; 41.95% Increase of In-Pit M&I Nickel Resource at the Minago Nickel PGM Project


Vancouver, British Columbia, April 11, 2024 Flying Nickel Mining Corp. (“Flying Nickel” or the “Company”) (TSX-V: FLYN, OTCQB: FLYNF) announces the results of an updated Mineral Resource Estimate (“MRE”) prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (“MRMR”) (2014) and CIM MRMR Best Practice Guidelines (2019) for its 100% owned Minago nickel platinum group metals (“PGM”) project (“Minago Project”) in Manitoba’s Thompson Nickel Belt in Canada.

The Minago Project MRE, effective date March 18th 2024, was prepared by Mercator Geological Services Limited (“Mercator”) and includes a total Measured and Indicated (“M&I”) Mineral Resource of 125,700 oz of platinum (“Pt”), 279,330 oz of palladium (“Pd”), and 689.53 million pounds  of nickel (“Ni”) (43.44 million tonnes grading 0.20 grams per tonne (“g/t”) Pd, 0.09 g/t Pt, 0.72% Ni). Table 1 presents the updated Minago Project MRE.

Table 1: Minago Project Mineral Resource Estimate – Effective Date: March 18, 2024

Type Ni % Cut-off Category Tonnes (millions) Ni % NiS % Pd g/t Pt g/t
In-Pit 0.29 Measured 11.53 0.74 0.53 0.21 0.09
Indicated 24.44 0.63 0.43 0.16 0.07
Measured and Indicated 35.97 0.67 0.46 0.18 0.08
Inferred 3.14 0.66 0.35 0.14 0.06
Underground 0.75 Measured 0.39 0.97 0.75 0.28 0.12
Indicated 7.08 0.97 0.75 0.29 0.12
Measured and Indicated 7.47 0.97 0.75 0.29 0.12
Inferred 6.05 0.97 0.75 0.18 0.08
Combined 0.29/0.75 Measured 11.92 0.75 0.54 0.22 0.09
Indicated 31.52 0.71 0.5 0.19 0.08
Measured and Indicated 43.44 0.72 0.51 0.2 0.09
Inferred 9.2 0.86 0.61 0.16 0.07

Mineral Resource Estimate Notes:

1.Mineral resources were prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (“MRMR”) (2014) and CIM MRMR Best Practice Guidelines (2019).

2. In-Pit Mineral Resources are defined within an optimized pit shell with pit slope angles ranging between 40⁰ and 51⁰ and an overall 14.8:1 strip ratio (waste: mineralized material).

3. An exchange rate of 1.35 CAN$/US$ was applied. All prices are in US$ currency.

4. Pit optimization parameters include: metal pricing at $9.20 per pound Ni, $1,035 per ounce of Pt, $1,380 per ounce of Pd; costs for mining at $1.35 per tonne of waste and $1.54 per tonne processed and an incremental mining cost of $0.03 per 12 meters (“m”) below 244 meters above sea level (“masl”), processing at $11.64 per tonne processed, general and administrative (“G&A”) at $3.38 per tonne processed; recoveries to concentrate of 72.9% sulphide Ni (“NiS”) (average recovery above the cut-off grade ranging from 45.6% to 91.1%), 44% Pt, and 61% Pd; and a 60% concentrate payable for Pt and Pd. An average Ni recovery of 50% can be calculated using the average NiS recovery and the average ratio of NiS to Ni (68%) reported above the cut-off grade. A potential frac-sand overburden unit was assigned a value of $20 per tonne, a recovery factor of 68.8%, mining cost of $1.54 per tonne plus $0.03 per 12m below 244 masl, and processing cost of $6.30 per tonne processed.

5. In-Pit Mineral Resources are reported at a cut-off grade of 0.20% NiS within the optimized pit shell. The 0.20% NiS cut-off grade approximates a 0.29% Ni grade when applying the average ratio of NiS to total Ni for the In-Pit Mineral Resource. The cut-off grade reflects the marginal cut-off grade to define reasonable prospects for eventual economic extraction by open pit mining methods.

6. Underground Mineral Resources are reported at a cut-off grade of 0.58% NiS. The 0.58% NiS cut-off grade approximates a 0.75% Ni grade when applying the average ratio of NiS to Ni (77%) for the Underground Mineral Resource. The cut-off grade reflects total operating costs of $59.46 per tonne processed and an average sulphide NiS recovery above the cut-off grade of 87% (ranging from 81% to 91%) to define reasonable prospects for eventual economic extraction by underground mining methods.

7. Deposit grades were estimated from 2 m downhole assay composites using Ordinary Kriging for Ni % and Inverse Distance Squared for Pd g/t and Pt g/t. No grade capping was applied. NiS % block values were calculated from Ni % block values using a regression curve based on Ni and NiS drilling database assay values. The model block size is 6 m (x) by 6 m (y) by 6 m (z).

8. Bulk density was applied on a lithological model basis and reflects averaging of bulk density determinations for each lithology.

9. Estimates of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. See the Company’s latest annual and interim management’s discussion and analysis for further details.

10. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

11. Mineral Resource tonnages are rounded to the nearest 10,000 tonnes.

John Lee, CEO of Flying Nickel states: “This is an outstanding MRE update with an inaugural PGM resource and a 42% increase in the M&I nickel In-Pit Mineral Resource estimate. Those two factors will be studied further in Minago’s on-going feasibility study. In a short time under Flying Nickel’s watch, the Minago Project is now known for both its nickel and PGM endowment.

Platinum is a key ingredient in hydrogen engines in the next generation electric vehicles planned by GM and Toyota. Hydrogen engines require up to 5 times more platinum compared to amounts required by today’s catalytic converters. Our Minago Project potentially plays an important role in supplying key battery ingredients for the current and future generations of electric vehicles, catering to the North American market.”

The updated MRE results in a 41.95% increase in the M&I In-Pit Mineral Resource to 531.31 million pounds of nickel over the previous MRE published in the Company’s July 6, 2021 news release (35.97 million tonnes grading 0.67% Ni, 0.08 g/t Pt, 0.18 g/t Pd). The M&I In-Pit resource increase is attributed to the Company’s 2022 drill program.

The PGM addition to the MRE is based on PGM assays before 2022, additional PGM assays from the Company’s 2022 drill program, and the Company’s 2023 PGM assay program on historic drill cores (refer to Company news releases dated September 7, 2022, October 11, 2022, November 14, 2022, January 16, 2023, March 30, 2023, April 19, 2023, May 4, 2023, May 29, 2023, July 12, 2023 and September 28, 2023). In total, 4,041 meters from 47 holes (drilled prior to 2021) were assayed for PGM in 2023. This expanded on the existing PGM sample dataset that includes 6 holes and 1,320 meters of PGM sampling completed by Flying Nickel in 2022 and 70 holes and 9,622 meters of PGM sampling completed by previous operators prior to 2021. A comparison between the 2024 and 2021 Minago Project Mineral Resources is presented in Table 2. Ounces, pounds, and tonnes in the table may not sum due to rounding.

Table 2: Comparison of the 2024 and 2021 Minago Project Mineral Resource Estimates

Tonnes (millions) Ni (‘000,000 lbs) 2024 MRE (‘000oz)
Type Category 2024 MRE % Difference from 2021 MRE 2024 MRE % Difference from 2021 MRE Pd Pt
In-Pit Measured 11.53 0.35% 188.1 1.72% 77.85 33.36
Indicated 24.44 96.31% 339.45 79.24% 125.72 55
Measured and Indicated 35.97 50.25% 531.31 41.95% 208.16 92.52
Inferred 3.14 51.69% 45.69 75.64% 14.13 6.06
Underground Measured 0.39 -36.07% 8.34 -23.44% 3.51 1.5
Indicated 7.08 -64.02% 151.4 -54.68% 66.01 27.32
Measured and Indicated 7.47 -63.18% 159.74 -53.62% 69.65 28.82
Inferred 6.05 -65.39% 129.38 -55.83% 35.01 15.56
Combined Measured 11.92 -1.49% 197.09 1.21% 84.31 34.49
Indicated 31.52 -1.90% 493.38 -5.88% 192.54 81.07
Measured and Indicated 43.44 -1.79% 689.53 -4.44% 279.33 125.7
Inferred 9.2 -52.94% 174.43 -45.31% 47.33 20.71

The Minago Project has been the subject of over $50 million in exploration, a historical feasibility study and environmental permitting expenditures by various previous interests since 1980’, the most recent of these being by Victory Nickel Inc. and Flying Nickel since the Company acquired the project in 2021. On July, 21, 2022, Flying Nickel submitted the Notice of Alteration (“NOA”) to Environment Act Licence No. 2981 for the Minago Project. Flying Nickel expects to receive the final decision on the NOA in the fall of 2024.

A technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), which documents the MRE will be filed under the Company’s profile on SEDAR+ within 45 days of the date of this news release.

Qualified Person 

Matthew Harrington, P. Geo., of Mercator is responsible for technical disclosure regarding the Minago Project MRE contained in this press release. Mr. Harrington is an external consultant to and “independent” of the Company as this term is defined under NI 43-101.

The disclosure of scientific and technical information in this news release has been approved by Robert Smith, P. Geo., who is an external consultant of the Company, as well as “independent” of the Company and a “Qualified Person” as such terms are defined under NI 43-101.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John Lee

Chief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email:  info@flynickel.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 Flying Nickel’s future growth, results of operations, performance, 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. Forward-looking information in this news release includes the estimated grade and quantity of Mineral Resources for the Minago Project, and anticipated uses of any future production from the project.

Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: inconsistencies of mineralization and grades; differing recovery rates; changes to project parameters as studies and plans continue to be refined; changes in business plans; ability to secure sufficient financing to advance the Company’s project; maintaining cordial business relations with strategic partners and contractual counterparties; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; the risk that mineral resources that are not mineral reserves do not have demonstrated economic viability; receiving and maintaining required permits and regulatory approvals to advance the project; maintaining the support of local communities and First Nations for the project; commodity pricing, demand and supply; and general market, industry and economic conditions. Additional risk factors are set out in the Company’s latest annual and interim management’s discussion and analysis, available on SEDAR+ at www.sedarplus.ca.

Forward-looking statements in this news release are made as of the date of this news release and are based on reasonable assumptions by management as of such date. There can be no assurance that actual results will be consistent with any forward-looking statements included herein. The Company undertakes no obligation to update or revise any forward-looking statements included herein to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

Source : https://flynickel.com

Vanadium Stocks Are Bleeding: Is Now the Time to Buy?


Vanadium stocks are an unsung hero of the mining industry. You don’t usually see vanadium stocks on the front page of Forbes or other investing media outlets. Often overlooked, this niche of stocks has proven to reward investors handsomely. They have also been known to be a major stressor for investors. Especially in the last few years.

But that doesn’t mean the belief in vanadium stocks and the metal itself isn’t justified. Before we get into some of the vanadium stocks turning worth watching, let’s break down exactly what vanadium is. 

Vanadium is a transition metal with a bright future, to say the least. It is a chemical element with the symbol “V” and has an atomic number of 23. This transition metal is typically found in combination with other minerals, often in various ores.  It is used in a wide variety of applications, including steelmaking, energy storage, and aerospace. As the demand for vanadium continues to grow, so too does the potential for investors.

One notable application of vanadium is in vanadium redox flow batteries (VRFBs), a type of rechargeable flow battery. These batteries are used for grid energy storage, providing a means to store and release electrical energy efficiently. But we’ll discuss that more later. 

As a versatile metal with remarkable properties, vanadium is gaining significant attention in the investment world. But while vanadium seems to gain in popularity, the stocks lose ground. This article delves into the realm of vanadium stocks, shedding light on their potential and why they have become a hot topic for investors. If you’re considering investing in the mining sector, vanadium stocks might be worth your attention. 

The Rise of Vanadium and Vanadium Redox Flow Batteries (VRFBs)

The increasing global demand for renewable energy solutions, particularly in the solar and wind sectors, has led to a surge in the need for energy storage systems. This surge, in turn, has sparked a rising interest in vanadium, a crucial element for the development of high-performance redox flow batteries.

Vanadium’s unique ability to store and release energy efficiently, coupled with its long lifespan and high charge-discharge efficiency, makes it an ideal choice for RFBs. Furthermore, vanadium’s high heat resistance and durability make it indispensable in the construction of steel. This reinforces vanadium’s demand in industries such as aerospace, automotive, and infrastructure. 

Just take a look at how VRFBs compare to lithium batteries:

Needless to say, The rise of vanadium is creating new opportunities for investors. At the end of 2023, the global vanadium market was valued at $46.2 billion. Experts anticipate the vanadium market to reach $105.4 billion within 10 years. One of the main reasons there is so much optimism regarding Vanadium is its involvement in the growing EV industry.

Investors are increasingly favoring vanadium stocks, and experts anticipate a continued rise in the price of vanadium in the coming years. But will vanadium stocks follow a similar trend? Let’s explore below. 

Vanadium Stocks Worth Watching

Bushveld Minerals (OTC: BSHVF) is a South African mining company that is one of the world’s largest producers of vanadium. The company’s primary asset is the Bushveld Complex, which is the world’s largest vanadium-titanium-magnetite (VTM) deposit. Located in South Africa, the Bushveld Complex holds an estimated 1 billion tons of vanadium.

This company also has interests in other vanadium projects, including the Vametco project in South Africa and the Platreef project in South Africa. The Vametco project currently operates as a vanadium mine, while the Platreef project represents a future major vanadium producer in its development stage.

Bushveld Minerals is a well-positioned company to benefit from the growing demand for vanadium. The company has a large resource base and is developing several projects that are expected to become major vanadium producers. Bushveld Minerals is also a leading supplier of vanadium to the steelmaking and energy storage industries.

Largo Inc. (NASDAQ:LGO) is a Canadian mining company that is developing the world’s largest vanadium deposit, the Maracás Menchen Mine in Brazil. The Maracás Menchen Mine is estimated to contain over 1 billion pounds of vanadium, making it the largest vanadium deposit in the world.

Largo Resources is a well-positioned company to benefit from the growing demand for vanadium. The company has a large resource base and is developing a mine that is expected to become a major vanadium producer. Largo Resources is also a leading supplier of vanadium to the steelmaking and energy storage industries.

Vanadiumcorp Resource Inc. (OTC: VRBFF) is a Canadian mining company that is developing the Gibellini vanadium project in Australia. With an estimated vanadium reserve exceeding 200 million pounds, the Gibellini project ranks among the world’s largest vanadium projects.

This Canadian-based company focuses on developing innovative and sustainable vanadium extraction methods. With a diverse portfolio of vanadium projects, VanadiumCorp aims to meet the increasing demand for this valuable metal.

VanadiumCorp Resource Inc. is a well-positioned company to benefit from the growing demand for vanadium. The company has a large resource base and is developing a project that is expected to become a major vanadium producer. VanadiumCorp Resource Inc. is also a leading supplier of vanadium to the steelmaking and energy storage industries.

As you can see from the charts above, vanadium stocks have had a rough go the last few years. To put it simply, vanadium stocks are bleeding. We can see the dips clear as day, which begs the question: Is now the time to buy? Some would argue that it’s the perfect time to scoop up shares of vanadium stocks. 

If this were indeed the bottom of the vanadium market, there are many advantages to investing in vanadium stocks. 

Potential Advantages of Investing in Vanadium Stocks

Investing in vanadium stocks offers several potential advantages. A lot of vanadium stocks are considered small or micro-cap stocks. Investors like smaller cap stocks because they allow for more “get rich quick” opportunities. Since a lot of these vanadium companies are beaten down, the shares trade for significantly less. Because shares trade for significantly less, you can buy a lot more of them. 

Let’s say you find a micro-cap vanadium stock that you believe has the potential to grow much higher. You invest $5,000 into a micro-cap vanadium stock trading for $0.05. This enables you to have 100,000 shares. Now, let’s say that vanadium stock announces a new vanadium discovery or patent and shares skyrocket to $5, $10, or even $15 per share… While those might not be very high share prices compared to NVDA or AMZN, your 100,000 shares (that you got for $5,000) are now worth a possible $100,000, $1 million even, or maybe as high as $1.5 million. Maybe more if shares exceed $15.

This is a purely hypothetical scenario, but it happens more often than you think. That is one of the main attractions to vanadium stocks like the ones listed above.

Some other advantages of investing in vanadium stocks include gaining exposure to a growing market driven by renewable energy and infrastructure development. Some other advantages of investing in vanadium stocks include: 

  • Growing Demand: The increasing adoption of renewable energy and the subsequent need for energy storage systems position vanadium stocks as a lucrative investment opportunity. As the demand for RFBs and steel continues to rise, so does the demand for vanadium.
  • Diversification: Investing in vanadium stocks provides an opportunity to diversify one’s portfolio. Vanadium’s connection to both the renewable energy and steel industries allows investors to tap into multiple sectors with promising growth potential.
  • Limited Supply: Vanadium is relatively rare, with few viable sources of production worldwide. This limited supply, combined with its increasing demand, makes vanadium stocks an attractive proposition for investors seeking exposure to a commodity with limited availability.
  • Price Volatility: Vanadium prices have exhibited notable volatility in recent years. While this volatility may present risks, it also opens avenues for substantial returns on investment for astute investors who can capitalize on market fluctuations.

Final Thoughts On Vanadium Stocks

Simply put, vanadium stocks offer an attractive investment opportunity in today’s market. The rising demand for renewable energy storage and the essential role of vanadium in steel production make it a lucrative market.

Investing in vanadium stocks allows diversification and active participation in multiple sectors. Limited supply and price volatility create the potential for significant returns. Furthermore, technological advancements and global infrastructure development further boost the growth prospects of vanadium stocks.

However, it’s crucial to conduct thorough research, stay informed, and evaluate companies’ financial health to mitigate risks. Investing in vanadium stocks aligns with sustainability goals and supports the transition to cleaner energy. It presents an opportunity for financial gains while contributing to a greener future. Vanadium stocks connect investors to renewable energy and steel industries, with active participation and potential for portfolio diversification. 

Alex Koyfman recently joined the Angel Research Podcast to discuss graphene, vanadium, and other trends. to watch for 2024. If you’re interested in learning more about Alex’s top vanadium play, I highly encourage you to give that podcast episode a watch. 

If you don’t have time to watch the full podcast episode right now but want to learn more about Alex’s top vanadium play, you can do so right here.

Also, be sure to return to Energy and Capital over the coming weeks as Alex plans on doing a dedicated series focused solely on Vanadium. 

📰https://www.energyandcapital.com/vanadium-stocks/

Nevada Vanadium – Emerging Critical Metal Vanadium Producer in the United States

🔗http://linktr.ee/nevadavanadium

Vanadium: A Critical Mineral Catalyst for Grid-Scale Storage


When the United States Geological Survey listed vanadium as a critical mineral in 2022, the announcement came as a public acknowledgement of the metal’s emerging value in the United States. Vanadium has historically proven to be an essential mineral commodity for industrial and aerospace applications. But as it stands today, the vast majority of the United States’ supply relies on imports from foreign countries like Russia and China.

Now, at a time when demand for the critical mineral is growing, a new market for vanadium is also emerging: grid-scale storage.

“About 80 to 90 percent of the vanadium consumption is currently for steel production, because a small percentage of vanadium – about two percent – literally doubles the strength of steel,” said Ron Espell, president of Nevada Vanadium. “But there’s been a growing interest on the battery side with vanadium flow batteries being able to provide grid-level power storage.”

A perennial challenge for renewable energy development has been and continues to be long-duration, grid-scale storage. When renewable sources produce energy, such as when the sun shines or the wind blows, the timing doesn’t always align with the higher energy consumption hours for the general public – typically in the evening.

Vanadium, however, has properties that are conducive for long-duration, grid-scale energy storage. Now, with increasing financial incentives for renewable energy development, the market for vanadium flow batteries appears to be maturing.

“Vanadium flow batteries have been around for a long time,” said Terry Perles, the director of U.S. Vanadium. “If we go back to 1990, there were efforts to commercialize these batteries, but there wasn’t a market. But now, we see the confluence of technology development to build these batteries.”

As a battery source, vanadium has different characteristics compared to its better-known counterpart – lithium-ion batteries. Whereas lithium is conducive to short-term battery applications such as rechargeable electronic devices and cars, vanadium could be more suitable to the long-term storage needs of power grids.

“One of the problems with lithium ion is the fact that you see capacity fade over time,” Perles said. “For a grid-level battery, you’re investing in a technology for 20 or 30 years. After about 800 cycles with a lithium battery, or about three years, you’re going to have to start replacing 20 percent or more of those cells every year because of this issue.”

While known to be generally safe, lithium ion batteries can be a fire hazard if damaged or not stored properly. A vanadium flow battery, however, does not seem to share these risks.

“With the vanadium battery, it’s primarily a water-based solution,” Perles said. “The life of the battery will be defined by the life of the pumps and the plastic piping in the kit, because the vanadium itself is never consumed.”

There’s also economic potential for vanadium, at least in Nevada. The Gibellini Vanadium Project has been proposed for development in Eureka County, with a record of decision by the Bureau of Land Management (BLM) expected before the end of this year. The BLM recently issued the Final Environmental Impact Statement for the mine, which is overseen by Nevada Vanadium Mining Corp. If approved, Gibellini can become operational as soon as 2024 and will be the first domestic mine to primarily extract vanadium.

Despite its potential, however, concerns around the mining operation exist. Traces of uranium have been detected at the site, in addition to common mining-related issues such as groundwater depletion and contamination.

Espell, however, asserts that Nevada Vanadium has developed solutions to mitigate these concerns.

“Creating [uranium] yellowcake, which is the most stable form of uranium, has the least potential impact on human health from a transportation or spilling standpoint and has the highest resale value, so we can actually sell this material as a secondary product,” Espell said. “We’re going to be getting our water from Fish Creek Ranch and by using surface water source, we have no net impact on the water basin. Water would be diverted from hay production and about one pivot of hay is what we’d be taking away.”

Additionally, Espell said the Gibellini mine is projected to be powered with renewable energy – a somewhat novel and unrealistic approach in the traditional mining industry – and one that federal regulators have been encouraging from the beginning.

Nevada Vanadium has entered into an agreement with Hitachi Energy to meet this request with elements of the very resource it aims to advance: vanadium.

“A previous company [at the Gibellini site], designed a six-megawatt solar field with a ten-megawatt vanadium flow battery to be able to provide 100% of the mine’s power needs,” Espell said. “So we dusted that off, brought the technology up to date and put together a proposal for an alternative power source to the [Environmental Impact Statement]. We’re looking at a hybrid vanadium-lithium battery system from Hitachi Energy.”

A hybrid vanadium-lithium battery is unique in that it provides the short-term power capability lithium offers, with the long-term storage capacity of vanadium. Perles acknowledged the potential of a hybrid battery such as the one Nevada Vanadium is proposing, which makes the 10GW solar field near the proposed plant a feasible option to power the mine and serves as a real-time example of vanadium’s increasing value as a critical mineral.

“It’s a good concept,” Perles said. “Typically, [mines] are located in remote areas and so getting power is an issue. To the extent there’s wind or solar, in conjunction with those projects, this battery is a perfect match. We can produce the power whenever the wind blows or the sun shines, but we can deliver it at a very consistent rate to the plant using the battery as the buffer.”

These emerging applications for vanadium, whether in the form of a vanadium flow battery or as a hybrid vanadium-lithium battery, means that demand for the critical mineral is expected to accelerate.

“Just for grid-scale [storage], the global market today is about 125,000 metric tons of vanadium,” Perles said. “Some forecasts suggest that by 2030, we’re going to need 180,000 metric tons of vanadium per year going into these batteries. So in essence, have to more than double the supply base over the next seven years to meet those forecasts.”

Vanadium, however, can be difficult to procure – a driving factor in its listing as a critical mineral.

In the United States, vanadium is either imported, or obtained as a byproduct of other mining operations and chemical recycling. But the Gibellini mine, Espell suggests, will tip the scale toward a more direct, domestic supply chain that may meet the expected surge in demand.

“Right now, about 99 percent of vanadium is imported from Russia, China and South Africa,” Espell said. “This mine will be able to produce approximately 50 to 60 percent of the current consumption of vanadium in the United States, so we’re basically going from zero to 50 to 60 percent of domestically produced vanadium with the Gibellini mine.”

While awaiting a record of decision from the Bureau of Land Management, Nevada Vanadium is now finalizing other formalities in the permitting process before it seeks financing for the project.

“We’re finishing up the feasibility studies and permitting for the project, so we haven’t set up any offtake agreements yet for the vanadium,” said Espell. “But as we go into project financing, our focus is domestic consumption of the vanadium.”

Assuming the Gibellini Vanadium Mine moves forward as proposed, Nevada’s position as a critical mineral and renewable energy leader may be further solidified.

“Nevada prides itself on developing as an energy state,” Espell said. “Not only is [the Gibellini Vanadium Project] good for Nevada in development of energy resources, but the idea of the diversification of critical minerals other than gold provides better economic diversification for the county and the state.”

According to Perles, the Gibellini Vanadium Project’s operations would be coming at the appropriate time.

“There’s plenty of incentives out there right now to support the ongoing development of renewable energy sources,” Perles said. “Everyone’s familiar with lithium ion, but we have to think about new technologies and [vanadium] is a technology whose time has come.”

 

Nevada Vanadium – Emerging Critical Metal Vanadium Producer in the United States
🔗linktr.ee/nevadavanadium

Oracle Commodity Holding Corp.Announces Conditional Approval to List on TSX Venture Exchange


Vancouver, British Columbia, February 29, 2024Oracle Commodity Holding Corp. (“Oracle” or the “Company”) is pleased to announce the receipt of conditional approval from the TSX Venture Exchange (the “TSXV”) to list common shares of Oracle as a Tier 2 Investment Issuer.  The common shares of Oracle, when listed, will trade under the symbol “ORCL”.

The Company also announces that it has amended the terms of its private placement announced on December 4, 2023.  The proposed private placement will consist of the issuance of up to 16,000,000 units (the “Units” and each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of $800,000.  Each Unit will consist of one common share of the Company and one share purchase warrant (a “Warrant”) with each Warrant entitling the holder to purchase one additional share of the Company at a price of $0.06 per share for 3 years from the date of issuance (the “Private Placement”). The Company presently has 82,308,927 common shares issued and outstanding prior to the completion of the Private Placement, taking into the account the common shares issued pursuant to the Debt Settlement (as announced below).

Insiders of the Company will be subscribing, in the aggregate, for up to 4 million Units for gross proceeds of up to $200,000. The issuance of Units to insiders pursuant to the Private Placement will be considered related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Private Placement by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company will file a material change report in respect of the related party transactions in connection with the Private Placement.

Finder’s fees of up to 7% in cash or Units may be payable in connection with the Private Placement.

The securities issued as part of the Private Placement will be subject to a hold period of four months from the date of issue.

Final approval of the listing is subject to the Company satisfying certain customary conditions required by the TSXV, including closing of the Private Placement. The Company expects that it will satisfy all such conditions to list, and will provide an update concurrent with the Private Placement closing, including the date for commencement of trading as confirmed by the TSXV.

The Company also announces that it has entered into agreements to settle aggregate debt of $115,446.35 owed to three directors of the Company for management fees and directors’ fees in consideration for the issuance of 2,308,927 common shares of the Company at a price of $0.05 per share (the “Debt Settlement”).

The insider debt settlements aggregating $115,446.35 and 2,308,927 common shares are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to insiders does not exceed 25% of its market capitalization. All securities issued pursuant to the Debt Settlement will be subject to a statutory four month hold period.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Oracle Commodity Holding Corp.

Oracle Commodity Holding Corp. is a Canadian reporting issuer, holding certain interests in other mining companies.

Further information on Oracle Commodity can be found at www.oracleholding.com.

ORACLE COMMODITY HOLDING CORP.

ON BEHALF OF THE BOARD

“Anthony Garson”

CEO 

For more information about Oracle Commodity, please contact:

Email: info@oracleholding.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 Oracle’s future growth, results of operations, performance, 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. Forward-looking information in this news release includes statements concerning the listing of the Company’s common shares for trading on the TSX Venture Exchange, which is subject to certain customary conditions to listing and the expected completion of the Private Placement.

Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: receiving stock exchange listing approval and ability to meet customary conditions for listing; market conditions and investor sentiment to invest in a new investment business with a limited trading history; changes in business plans; ability to secure sufficient financing to advance the Company’s investment business; and general market and economic conditions. Additional risk factors are set out in the Company’s latest annual and interim management’s discussion and analysis, available on SEDAR at www.sedarplus.ca.

Forward-looking statements are based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking statements included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking statements in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

News and Financial Reports

Refer to Sedar.com

Contact info

  • Vancouver, BC, Canada (Head Office)
  • info@oracleholding.com
  • +1.604.569.3661
  • Suite 1610 – 409 Granville Street
    Vancouver, BC V6C 1T2 Canada

🚀 HOT STOCK TO WATCH THIS WEEK! 💥 HUGE CATALYST!💥 URGENT UPDATE! 😱 (Silver Elephant Mining Corp)


https://www.youtube.com/watch?v=MvR-GD9u5uU

🚀 HOT STOCK TO WATCH THIS WEEK! 💥 HUGE CATALYST!💥 URGENT UPDATE! 😱 (Silver Elephant Mining Corp)

B.John interviews:

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

100M oz Bolivian SILVER Deposit Valued at 7 CENTS per oz — (and CASH FLOW!)


https://www.youtube.com/watch?v=fQ_80ZaA0vE

100M oz Bolivian SILVER Deposit Valued at 7 CENTS per oz — (and CASH FLOW!)

B.John interviews:

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

Top Mining Stock News Now | Battery Metals Stocks to Watch | Flying Nickel Mining | FLYN


https://www.youtube.com/watch?v=nEMweT1mIdM

Top Mining Stock News Now | Battery Metals Stocks to Watch | Flying Nickel Mining | FLYN

B.John interviews:

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

CEO John Lee Reveals Flying Nickel’s nickel project and exciting battery metals story



https://www.youtube.com/watch?v=lHFee6lVOjY

CEO John Lee Reveals Flying Nickel’s nickel project and exciting battery metals story

B.John interviews:

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

Silver Elephant And The Pulacayo-Paca Silver Project


Below is our recent interview with Morris Xu from Silver Elephant:

Q: Could you provide our readers with a brief introduction to Silver Elephant?

A: Silver Elephant is a silver mining company listed on Toronto Stock Exchange with ticker symbol ELEF (OTC: SILEF), we have been active in silver exploration since 2016 and mining started in october 2023 at our Pulacayo-Paca silver project which is located in Bolivia.

Q: Any highlights on your latest announcement?

A: This is a monumental event for the company and upgrade the company to producer status after 10 years, and $40million in explorations and technical studies.

The company signed a toll-milling agreement with Andean Precious Metals, whereby Silver Elephant receives total of US$5 million from Andean in the next 18 months for the mining and trucking of Elephant’s Paca minerals to Andean’s processing facility about 180km from Paca.

Further, Andean reimburses the company of all operating expenses. Current production rate is 500 to 1,000 tonnes per day grading between 150 to 250 grams of silver per tonne.

Q: Can you tell us about your Pulacayo-Paca Project?

A: The project has a rich history with over 600 million oz of past production from just Tajo vein. The company has identified additional veins and areas and was able to prove up over 100million oz of silver in measured and indicated category, plus over 2 billion pounds of lead and zinc as by products. The community and the government are very supportive of Pulacayo.

Q: What can we expect from Silver Elephant in next 6 months? What are your plans?

A: We are mining and delivering Paca materials to our partner Andean, and studying the construction of a processing plant at Pulacayo-Paca so we can capture higher margin. The resource is plentiful, so increasing cashflow is our priority rather than exploration.

Q: Would you might update us on the status of Silver Elephant Spin Off?

A: The company had spun off 3 companies in 2022. The nickel company is now listed on TSXV: FLYN (OTC: FLYNF). Public listings of vanadium and royalty companies are planned in 2024.

Q: What is the best thing about Silver Elephant that people might not know about?

A: Silver Elephant is an active silver producer with over 100million oz of high grade silver, which is heavily undervalued given the current $10 million market capitalisation. We have no debt and are not looking to dilute our shareholders. This could be one of the best valued silver stories.

 

Silver Elephant And The Pulacayo-Paca Silver Project

Flying Nickel (TSXV:FLYN) Aims to Be Among First New Nickel Mines During EV Demand Surge: Interview with CEO John Lee


Minago Nickel Project. Source: Flying Nickel Mining Corp.

With electric vehicle adoption accelerating globally, demand for battery metals like nickel is skyrocketing. Flying Nickel Mining (TSXV:FLYN)(OTCQB:FLYNF) aims to be one of the few new nickel producers coming online in the next few years to meet this demand.

MiningFeeds spoke with Flying Nickel CEO John Lee about advancing the company’s flagship Minago nickel project in Manitoba, which he believes can reach production within 5 years to capture surging nickel demand from the EV industry.

“Nickel is a key ingredient in electric vehicle batteries. Flying Nickel aims to be the first new nickel mine in Canada within the next 5 years to supply clean nickel with a low carbon footprint to the electric vehicle industry,” said Lee.

The Minago project is located in the prolific Thompson nickel belt, the second-largest nickel district in North America. Flying Nickel is focused on permitting and development at Minago, with the goal of bringing it into production by 2025 to meet rising nickel demand from the surging electric vehicle market. According to Lee, Minago holds a number of key advantages that position it to be one of the few new nickel mines coming online in the next half-decade.

Competitive Advantages

The Minago project holds a number of competitive advantages that Lee believes will make it one of the top new nickel mines globally.

“Our project is expected to achieve full permit status in 2024 and will be one of very few projects that can get nickel out of the ground in the next 5 years,” he explained. “It has high grade 0.7% nickel in an open pit configuration, which means low technical risk and low cost relative to our peers.”

Minago is located in the Thompson nickel belt, the 2nd largest in North America, with excellent infrastructure and local support. The nearby Norway House Cree Nation is one of Flying Nickel’s largest shareholders, aligning interests between the company and the community.

Advancing Towards Production

With permitting expected in 2024, Flying Nickel is positioned to make a construction decision shortly after. “The company is in a position to make a construction decision in 2024 after full permit is granted to Minago,” noted Lee.

The recent $600k private placement provides capital to advance permitting and technical studies. A new resource estimate incorporating palladium and platinum is also underway, which Lee believes could significantly expand in-situ metals and enhance project economics.

Capturing EV Growth

Looking ahead, Lee sees Flying Nickel emerging as a major North American nickel producer as demand balloons.

“Flying Nickel aims to be a significant producer of clean nickel with a low carbon footprint in North America in 5 years. It’s one of very few new greenfield nickel deposits going into production before 2030,” he commented.

Lee believes Minago can help fill the growing global nickel deficit as EV adoption accelerates. “Nickel demand is projected to double with increasing EV adoption by 2030. Minago aims to capture that market share.”

With permitting expected soon, Flying Nickel presents a unique nickel exploration and development opportunity. “Our project is expected to achieve full permit status in 2024 and announce the construction decision, it will be one of very few projects that can get nickel out of the ground in the next 5 years.”

Flying Nickel (TSXV:FLYN) Aims to Be Among First New Nickel Mines During EV Demand Surge: Interview with CEO John Lee

Silver Elephant Announces 30,844 Tonnes of Paca Silver Oxide Delivered to Andean Precious Metals Corp. Since October


Vancouver, British Columbia,  January 12, 2024 — Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX: ELEF, OTC:SILEF, Frankfurt:1P2N) announces from October 17, 2023 to December 27, 2023, the Company  mined a total of 30,844 tonnes of Paca  oxide materials with an average grade of 162.2 g/t silver (“Products”) and trucked the Products to Andean Precious Metals Corp. (“Andean”).

Paca Material Delivered (t)             Average Grade (g/t)

October                      4,502                                                 244.9

November                  7,269                                                 156.5

December                 19,704                                                144.9

Total                         30,844                                                 162.2

All Products are excavated from the Paca resources tabulated below.

Pursuant to the sales and purchase agreement and master services agreement both dated September 12, 2023 between Silver Elephant and Andean, Andean has agreed to pay Silver Elephant US$1.8 million by January 31, 2024, or when 36,000 tonnes of Products have been delivered to Andean’s processing facility.

John Lee, Silver Elephant CEO comments: “The continued progress and activities demonstrated Paca operational scalability at close to 1,000 tonnes per day. Silver Elephant aims to expand and maintain local employment; in addition to contributing to government royalties in the months and years ahead.”

The Paca project hosts a high grade silver resource according to a technical report by Mercator Geological Services, dated effective October 13, 2020 titled “Mineral Resource Estimate Technical Report for the Pulacayo Project, Potosi Department Antonnio Quijarro Province Bolivia” (the “Technical Report”). The mineral resource estimate from the Technical Report is as follows:

Paca Zone Category Tonnes Ag g/t Ag Moz Zn% Pb %
Phase 1 Oxide In Pit Indicated 800,000 231 5.9
Inferred 235,000 159 1.2
Phase 2 Sulfide In Pit Indicated 1,810,000 256 14.9 1.22 1.22
Inferred 190,000 338 2.1 0.61 0.98

Oxide resources are based on a Pit-constrained estimate using a 90 g/t Ag cutoff. Sulfide resources are based on a pit-constrained estimate using a 200 g/t Ag Eq cutoff. Ag Eq  = Silver Equivalent (Recovered) = (Ag g/t*89.2%)+((Pb%*(US$0.95/lb. Pb/14.583 Troy oz./lb./US$17 per Troy oz. Ag)*(10,000*91.9%))+((Zn%*(US$1.16/lb. Zn/14.583 Troy oz./lb./US$17 per Troy oz. Ag)*(10,000*82.9%)). Sulphide zone metal recoveries of 89.2% for Ag, 91.9% for Pb, and 82.9% for Zn were used in the Silver Equivalent (Recovered) equation and reflect metallurgical testing results disclosed previously for the Pulacayo Deposit.Matthew Harrington P. Geo. is the independent Qualified Person for the resource estimate.

The Technical Report was filed on October 26, 2020 and is available under the Company’s profile on SEDAR+ at www.sedarplus.ca. This news release includes an estimate of mineral resources as disclosed in the Technical Report. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

About Pulacayo-Paca

The Paca project is part of the Company’s Pulacayo project with a total indicated resource of 106.7 million oz silver, 1.4 billion pounds of zinc and 690 million pounds of lead published in the Technical Report and tabulated below. Silver Elephant and its subsidiaries have spent over $35 million on Pulacayo and Paca, which is considered to be an advanced project with over 96,000 meters of drilling, and a historic feasibility study.

Combined Pulacayo and Paca Indicated Mineral Resources
Tonnes Ag g/t Pb % Zn %
Oxide 2,185,000 155  –
Sulfide 45,855,000 65 0.69 1.37

Combined Indicated Mineral Resources includes Pulacayo pit-constrained and out-of-pit plus only Paca pit-constrained resources. Oxide resources use a 50 g/t Ag cutoff. Sulfide resources use a 100 g/t Ag Eq cutoff. Ag Eq  = Silver Equivalent (Recovered) = (Ag g/t*89.2%)+((Pb%*(US$0.95/lb. Pb/14.583 Troy

oz./lb./US$17 per Troy oz. Ag)*(10,000*91.9%))+((Zn%*(US$1.16/lb. Zn/14.583 Troy oz./lb./US$17 per

Troy oz. Ag)*(10,000*82.9%)). Sulphide zone metal recoveries of 89.2% for Ag, 91.9% for Pb, and 82.9%

for Zn were used in the Silver Equivalent (Recovered) equation and reflect metallurgical testing results

disclosed previously for the Pulacayo Deposit. Matthew Harrington P. Geo. is the independent Qualified Person for the resource estimate.

A subsidiary of Silver Elephant entered into a Mining Production Contract (“MPC”) with Corporación Minera de Bolivia (“COMIBOL”), a branch of the Bolivian Ministry of Mining and Metallurgy on October 3, 2019. The MPC grants the Company’s subsidiary an exclusive right to develop and mine at the Pulacayo and Paca concessions for up to 30 years.

The Pulacayo Project is at the center of a major silver mining district in Bolivia and is within 250 km driving distance to the San Cristobal mine, the Cerro Rico mine, Pan American’s San Vicente mine, Eloro’s Iska Iska project, and New Pacific’s Silver Sands project.

Qualified Person

The technical contents of this news release have been prepared under the supervision of Bill Pincus, who is an independent consultant of the Company. Bill Pincus is a qualified person as defined by the guidelines of NI 43-101.

About Silver Elephant Mining Corp.

Silver Elephant Mining Corp. is an active silver mining and exploration company advancing its flagship Pulacayo silver project in Bolivia.

Further information on Silver Elephant can be found at www.silverelef.com.

Featured on The Silver Academy: https://thesilveracademy.com/news/silver-elephant-announces-30844-tonnes-of-paca-silver-oxide-delivered-to-andean-precious-metals-corp-since-october/

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

“John Lee”

Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:

+1.604.569.3661 ext. 101

info@silverelef.com

www.silverelef.com

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management’s expectations regarding Silver Elephant’s future growth, results of operations, performance, 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 information. Forward-looking information in this news release includes expected benefits and scalability of the Paca project.

Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking information, including but not limited to: changes in operating plans; ability to secure sufficient financing to advance the Company’s project; conditions impacting the Company’s ability to mine at the project, such as unfavourable weather conditions, development of a mine plan, maintaining existing permits and receiving any new permits required for the project, and other conditions impacting mining generally; maintaining cordial business relations with strategic partners and contractual counterparties; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; commodity price variation; and general market, industry and economic conditions. Additional risk factors are set out in the Company’s latest annual and interim management’s discussion and analysis and annual information form (AIF), available on SEDAR+ at www.sedarplus.ca.

Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

Flying Nickel Closes Final Tranche of Private Placement for Proceeds of $120,000


Flying Nickel Closes Final Tranche of Private Placement for Proceeds of $120,000

Vancouver, British Columbia, November 22, 2023 – Flying Nickel Mining Corp. (“Flying Nickel” or the “Company”) (TSX-V:FLYN, OTCQB:FLYNF) is pleased to announce that it has closed the final tranche of a non-brokered private placement (the “Private Placement”) of 1,333,350 common shares of the Company previously announced on September 25, 2023, raising gross proceeds of $120,001.50. The Private Placement was priced at $0.09 per share.

Proceeds of the Private Placement will be used for exploration and general working capital.

The Company also issued 161,129 common shares to Red Cloud Securities Capital Inc. as a finder’s fee in in connection with the closing of the first tranche of the private placement, which closing was announced on November 1, 2023.

The common shares issued in connection with the Private Placement and the finder’s fee are subject to a regulatory hold period expiring on March 21, 2024.

About Flying Nickel

Flying Nickel is a nickel sulphide exploration-stage mining company. The company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John Lee

Chief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 Flying Nickel’s future growth, results of operations, performance, 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. Forward-looking information in this news release includes the statement concerning the expected use of proceeds raised from the Private Placement.

Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: changes in business plans; ability to secure sufficient financing to advance the Company’s project, ability to complete the Company’s prosed merger with Nevada Vanadium Mining Corp. by plan of arrangement (the “Proposed Transaction”), as announced by press releases on October 5 and August 23, 2022 (collectively, the “Joint News Releases”); and general market, industry and economic conditions. See the Joint News Releases for further details about the Proposed Transaction and its associated risks. Further details about the risk factors concerning the proposed transaction are set out in such news releases. Additional risk factors are set out in the Company’s latest annual and interim management’s discussion and analysis, available on SEDAR at www.sedarplus.ca.

Forward-looking statements are based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking statements included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking statements in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

🚀 HOT STOCK TO WATCH THIS WEEK! 💥 HUGE CATALYST!💥 MOST WILL MISS! 😱 Flying Nickel Mining Corp


https://www.youtube.com/watch?v=0849OdI8ORE

🚀 HOT STOCK TO WATCH THIS WEEK! 💥 HUGE CATALYST!💥 MOST WILL MISS! 😱 Flying Nickel Mining Corp

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

Why The World needs Nickel, Explained! | Flying Nickel $FLYN


https://www.youtube.com/watch?v=tCV484CHfeE

Why The World needs Nickel, Explained! | Flying Nickel $FLYN

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

EV Manufacturers WILL Need to Invest in THIS | Flying Nickel $FLYN


https://www.youtube.com/watch?v=sSIQlxA0nOo

EV Manufacturers WILL Need to Invest in THIS | Flying Nickel $FLYN

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

Flying Nickel (TSXV:FLYN) – Pitch Perfect


https://www.youtube.com/watch?v=20PK8vJatTk

Flying Nickel (TSXV:FLYN) – Pitch Perfect

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Check out latest Flying Nickel Presentation

Subscribe to receive Flying Nickel news the moment it’s out by email for free 

Follow Flying Nickel

linktr.ee/flyingnickel

Must watch! John Lee on path to Supply Canadian Nickel to Electric Vehicle Revolution


https://www.youtube.com/watch?v=ObJ5lsAH1SE

Must watch! John Lee on path to Supply Canadian Nickel to Electric Vehicle Revolution

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The company’s flagship Minago project, located on the Thompson nickel belt in Manitoba, Canada is one of the world’s largest high-grade open-pit optimized nickel sulphide deposits in the world. Minago contains a measured and indicated nickel resource roughly equal to the nickel content in 10 million Tesla model 3 vehicle batteries (722M lbs indicated and 319M lbs inferred nickel)*

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

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John Lee: Silver & Gold Under Pressure From Rising Dollar


https://www.youtube.com/watch?v=ObJ5lsAH1SE

John Lee: Silver & Gold Under Pressure From Rising Dollar

Silver Elephant is a silver mining company (TSX: ELEF, OTCQX: SILEF), developing 100% owned Pulacayo-Paca Project which has 107 million indicated ounces of silver with lead and zinc credits*. Silver Elephant is initiating a drill program to expand the open pit optimized resource at Paca.
Pulacayo-Paca had received $40 million in prior investment and over 100,000 meters of drilling. Silver Elephant has approximately 31 million shares outstanding.
Further information on Silver Elephant can be found at www.silverelef.com.
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*ALERT* SILVER SHORTAGE To create BIG GAINS🚨 (John Lee CEO / Silver Elephant Mining)


https://www.youtube.com/watch?v=A35urROlM3o

*ALERT* SILVER SHORTAGE To create BIG GAINS🚨 (John Lee CEO / Silver Elephant Mining)

Silver Elephant is a silver mining company (TSX: ELEF, OTCQX: SILEF), developing 100% owned Pulacayo-Paca Project which has 107 million indicated ounces of silver with lead and zinc credits*. Silver Elephant is initiating a drill program to expand the open pit optimized resource at Paca.
Pulacayo-Paca had received $40 million in prior investment and over 100,000 meters of drilling. Silver Elephant has approximately 31 million shares outstanding.
Further information on Silver Elephant can be found at www.silverelef.com.
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Silver Elephant Renewed DEIA License to Restart Ulaan Ovoo Operation


Vancouver, British Columbia, September 18, 2023 – Silver Elephant Mining Corp. (“Silver Elephant” or “the Company”) (TSX: ELEF, OTCQX: SILEF, Frankfurt:1P2N) announces the Company has successfully renewed  Detailed Environmental Impact Assessment license (“DEIA”) required to restart Ulaan Ovoo coal operations. The DEIA is subject to renewal by the Ministry of Environment every 5 years. The Company has held 100% rights to Ulaan Ovoo mineral claims and mining licenses in Mongolia since 2007.

Ulaan Ovoo features a single massive coal seam exposed to surface and highly sought-after quality of NCV 5000 kcal/kg, ash 5% and sulphur 0.3%. The Australia Newcastle thermal coal benchmark pricing currently quoted US$160 per tonne (NCV 6,000 kcal/kg, ash 15% sulphur 0.75%)

A total of 18,757 tonnes of Ulaan Ovoo coal was exported to China via Erlian port from December 2022 to May 2023. The coal is then mostly transported to China eastern seaports from Erlian by rail. The Ulaan Ovoo operation stopped in May due to falling global thermal coal prices and scheduled equipment repair. The thermal coal prices in September have recovered since May however they are still trailing the prices at the start of the year.

John Lee, CEO of Silver Elephant states: “2023 was a remarkable year for the Company’s Mongolia operation, which generated cashflow from Ulaan ovoo coal export to China. Our Mongolia subsidiaries are carefully managing expenses, while preparing to resume coal export as coal market conditions continue to improve alongside rising oil prices.”

The mine and coal export will remain on standby while Silver Elephant finalizes export pricing with potential coal buyers.

About Mega Thermal Coal Corp.

Mega Thermal Coal Corp. is a wholly-owned subsidiary of Silver Elephant, which owns and operates the Ulaan Ovoo mine. Ulaan Ovoo produced approximately 1 million tonnes of coal sold to over 30 international and Mongolian customers since 2007.  Mega Thermal Coal Corp. also owns and operates Chandgana Khavtgai and Chandgana Tal coal mines in Mongolia.

Further information on Mega Coal can be found at www.megacoal.ca.

About Silver Elephant Mining Corp.

Silver Elephant Mining Corp. is a premier silver mining company with its flagship Pulacayo-Paca silver project in Bolivia. It also owns 100% of Mega Thermal Coal Corp. and 39% of Oracle Commodity Holding Corp. (“Oracle”). Oracle holds royalties and equities in various mining projects.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

John Lee
Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:

+1.604.569.3661 ext. 101

info@silverelef.com  www.silverelef.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements and Reader Advisory

Certain statements contained in this news release, including, but not limited to, statements with respect to the debt settlements, the terms of the debt settlements, and the completion of the debt settlements, among other things, and 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 either of Silver Elephant’s future growth, results of operations, performance, 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 Silver Elephant’s forward-looking statements. Silver Elephant believe that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable based on information available to it, but no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant 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. Silver Elephant undertakes no obligation to release publicly 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.