April 2021 - MiningNewsWire

FridayApr 16, 2021 11:30 am

Report Suggests Biden’s EV Plan May Trigger Bull Market for Energy Metals

According to Fastmarkets, an analytics firm, a $2 trillion infrastructure measure proposed by President Joe Biden would help establish bull conditions in commodity markets, especially for copper, lithium, cobalt and steel, which are key materials needed for the energy transition. Fastmarkets metals & mining expert Thorsten Schier stated that in comparison with the package proposed by Obama in 2009, the infrastructure plan proposed by Biden could be more beneficial to the metals market, for reasons beyond its large size. Schier explained that it created the potential for strong demand in the near future, as it did not need shovel-ready projects.…

ThursdayApr 15, 2021 3:26 pm

Global Business Giants Call for a Ban on Deep-Sea Mining

Google, Volvo, BMW and Korean battery manufacturing company Samsung SDI have pledged not to purchase metals extracted from deep-sea mining until the activity’s environmental risks are better understood. These companies are the first international companies to back a World Wildlife Fund action for a moratorium on deep-sea mining. This move could deal a significant blow to companies that plan to mine the deep ocean in the near future. In addition to these companies, the European Parliament also called for a ban on deep-sea mining until the environmental risks and effects of disrupting unique ecosystems were understood. The companies have also…

ThursdayApr 15, 2021 12:10 pm

Uranium Energy Corp. (NYSE American: UEC) Positioned to Capitalize on Rising Uranium Demand with Diverse Portfolio of Low-Cost, Environmentally Friendly Projects and Strong Balance Sheet

Bi-partisan support seen in U.S.; Democratic party supports nuclear energy for first time in 48 years – nuclear power included in Biden’s Clean Energy Standard Nuclear energy is projected to increase worldwide to combat climate change UEC utilizes in-situ recovery (“ISR”) technology at its fully licensed projects, including Palangana, Burke Hollow, Goliad, Reno Creek UEC controls of one of largest historical uranium exploration, development databases in United States Largest resource base of fully permitted ISR projects of any U.S. based producer Over $110 Million in Cash, Equity and Inventory Holdings as of April 9, 2021 The U.S. Democratic Party changed…

ThursdayApr 15, 2021 11:56 am

Asia Broadband Inc. (AABB) Poised for Higher Gold Token Sales Following Over $1 Million Recorded in First Two Weeks

Asia Broadband Inc. announced it had recorded over $1 million in AABB Gold Token sales, despite not undertaking an international marketing campaign The announcement follows a series of methodical steps that saw the company launch the AABB Wallet and Gold token in collaboration with developer CSHC The initial token release meets the criteria for a successful cryptocurrency launch per an IEEE study, indicating that AABB is on course to record higher sales Asia Broadband (OTC: AABB), a resource company that produces, supplies and sells precious and base metals, primarily to the Asian market, recently made another important stride in its…

WednesdayApr 14, 2021 1:45 pm

Study Finds That Recycling Battery Minerals Produces Smaller Carbon Footprint

A new study conducted by a team of researchers from the Aalto University in Finland has found that the carbon footprint of raw materials acquired through recycling electric vehicle batteries is 38% less than that of virgin raw materials. In order to reach this conclusion, the researchers used simulation-based life cycle to account for water and energy consumption as well as emissions in smelting, a hydrometallurgical recycling process. Generally, this technique loses various raw materials including lithium while new hydrometallurgical processes work by separating battery metals from waste through dissolution, which allows the minerals to be recovered. However, the process…

TuesdayApr 13, 2021 2:15 pm

Demand for Battery Minerals for EVs Underscores Importance of Mining Sector

As the world embraces electric vehicles (“EVs”) and more countries work toward adopting a zero carbon economy, the demand for battery minerals continuously grows. The battery itself was the brainchild of an Italian more than 270 years ago, but it wasn’t until the 19th century that the idea was enhanced by a team of scientists. Currently, the battery may be the key to the universal acceptance of the natural resources sector, especially if one considers the steadily increasing demand for metals out of which batteries can be made. As stated above, this big appetite is primarily driven by a widespread acceptance…

TuesdayApr 13, 2021 11:49 am

Uranium Energy Corp. (NYSE American: UEC) Focused Strategy Means Price Target Increase, Stronger Position in Growing Sector

H.C. Wainwright and Co. increase price target, reiterate buy rating for UEC Key moves by company lead to stronger position UEC investing to build next generation of low-cost and environmentally friendly uranium projects that will be competitive on global basis, says CEO Recent action taken by Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company that controls one of the country’s largest historical uranium exploration and development databases, has prompted H.C. Wainwright and Co. to increase its price target for the company and reiterate its buy rating (https://ibn.fm/6wWpO). In its updated report, Wainwright specifically cited three main factors…

MondayApr 12, 2021 3:11 pm

Canada in the Race to Acquire Minerals from Outer Space

As countries and companies work on addressing the climate crisis, space mining has become a popular topic whose relevance increases, day by day. For a zero-carbon economy to thrive, an increase in the supply of various natural resources that are nonrenewable, such as battery metals, is needed. This makes up the basis for the space race, which involves various companies in the private sector as well as countries from different parts of the world. One of these countries, Canada, is a major player in the global carbon economy and, apart from being a world leader in the mining industry, is…

MondayApr 12, 2021 12:09 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Has Keen Interest in President’s Supply Chain Review

Biden calls for 100-day review of strategic supply chains Already leading uranium/vanadium producer, UUUU has made significant strides in REE space in 2021 Energy Fuels on schedule to produce intermediate rare earth product in 2021 In the midst of President Joe Biden’s 100-day review of U.S. strategic supply chains (https://ibn.fm/jc5jW), companies around the country, including Energy Fuels (NYSE American: UUUU) (TSX: EFR), are watching closely for the results. Last year, Energy Fuels, the country’s largest producer of uranium and the leading conventional producer of vanadium, announced plans to enter the rare earth elements (“REE”) space. Just under a year later,…

FridayApr 09, 2021 2:45 pm

Australia Seeks Data Scientists for Mining Industry

The implementation of digitization and automation in various processes in almost every industry has allowed smart and digital technologies to be applied in nearly every aspect of mining, albeit in varying capacities. Of the many countries that have embraced this change, Australia has been crucial in ushering the natural resources industry into the 21st century through various ways, including automated haul trucks, AI ventilation systems and smart monitoring for drill and blast operations. The Western Australia Data Science Innovation Hub released a report last year with KPMG, an accountancy firm, which forecasted that over the next 10 years, the country…

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Month: April 2021