SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549

                                   FORM 8-K

                                CURRENT REPORT

                      Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934


                               February 1, 2001
                               -----------------
                       (Date of Earliest Event Reported)



                              SOLV-EX CORPORATION
                              -------------------
            (Exact Name of Registrant as specified in its charter)



                                  New Mexico
                                  ----------
                (State or other jurisdiction of incorporation)



             0-9897                                   85-0283729
             ------                                   ----------
     (Commission File Number)             (IRS Employer Identification Number)




                2127 Menaul NE, Albuquerque, New Mexico   87107
                -----------------------------------------------
          (Address of principal executive offices including zip code)



                                (505) 883-0331
                                --------------
              (Registrant's telephone number including area code)


                                Not Applicable
                                --------------
         (Former name or former address, if changed since last report)


Item 3.   Bankruptcy or Receivership
          --------------------------

          On February 1, 2001, the Company filed a petition for relief pursuant
          to Chapter 11 of Title 11 of the United States Code ("Bankruptcy
          Code"). The petition was filed in the District of New Mexico of the
          United States Bankruptcy Court, Case No. 11-01-10630-SA.

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                                  SIGNATURES
                                  ----------

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date:  February 7, 2001                SOLV-EX CORPORATION
                                       (Registrant)



                                       By  /s/ Frank Ciotti
                                         ------------------
                                         Frank Ciotti
                                         Chief Executive Officer

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