Notice of Intent to Prepare EIS Published for Gibellini Vanadium Project
Nevada Vanadium, LLC. (“Nevada Vanadium” or the “Company”) is pleased to announce that its Gibellini Project passed an important milestone yesterday as its Notice of Intent (“NOI”) to prepare an Environmental Impact Statement (“EIS”) was published in the Federal Register. If approved, Gibellini would become the first U.S. primary vanadium mine.
The Gibellini Project, located in Eureka County, Nevada, USA, is 100% owned by Nevada Vanadium. Nevada Vanadium is a Nevada corporation and a wholly owned subsidiary of Silver Elephant Mining Corp.
The Gibellini Project has been designed as a potential model of sustainability in the extraction and processing of critical minerals required for a low-carbon economy and greater renewable energy deployment. Vanadium is an important component in lightweight steel and has the potential to increase the life and reduce the cost of batteries when used in utility-scale wind and solar projects.
“The publication of the Notice of Intent is a major milestone for the Gibellini Project, which will produce nearly 10 million pounds of vanadium annually if approved,” said Ron Espell, Nevada Vanadium’s Vice President for Environment and Sustainability. “That represents greater than 50 percent of U.S. demand which is now entirely met by imports from foreign nations. Nevada Vanadium wants to ensure U.S. production of this strategic and critical mineral is domestic and secure.”
The U.S. government has designated vanadium a critical mineral of strategic importance to the nation. Its many applications as an alloy and catalyst span the aerospace, defense, energy, and infrastructure sectors. |
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