ThursdayApr 08, 2021 11:46 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Receives Monazite Shipments, Initial Step in Becoming Key U.S. Rare Earth Supplier

Initial shipments of rare earth bearing monazite mineral mark beginning of plans to produce mixed rare earth element (“REE”) carbonate Company ramping up operations for “what we believe will become a burgeoning supply chain,” says CEO Energy Fuels plans to commercially produce REE product at a stage more advanced than any other U.S. company Energy Fuels (NYSE American: UUUU) (TSX: EFR) has received the first shipments of natural monazite ore at its White Mesa Mill in Utah ( Monazite ore is a naturally occurring mineral, rich in rare earth elements, which is currently mined as a byproduct of other metal…

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WednesdayApr 07, 2021 12:30 pm

Recent Battery Metal IPO to Benefit from Interest in Ethically Sourced Minerals

The steadily increasing investor demand for battery minerals that have been ethically sourced allowed Green Minerals AS, an offshore mining company based in Norway, to become the pioneer deep-sea mining stock to be offered publicly. The company revealed that it would be able to exploit the demand for copper and cobalt required by electric vehicles (“EVs”) without causing damage to the environment as well as people. Most of the present production of the company originates from mines in the Democratic Republic of Congo. The company joins a list of other companies that want to clean up supply chains by extracting…

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TuesdayApr 06, 2021 12:45 pm

Mining Report Shows Sector Made $230 Billion Profit Last Year

Moody’s Investor Service recently released a report which showed that following the 2015–2016 market downturn that led to an adjustment of volatile commodity prices, many mining companies adopted more conservative approaches and shifted their focus onto expanding liquidity, productivity and cost cutting. The market downturn was a period in which there was a decline in the value of share prices of different companies across the globe. The sell-off occurred between June 2015 and June 2016. It was made up of stock market turbulence in the Chinese market, which led to a 43% decline in the SSE Composite Index in roughly…

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MondayApr 05, 2021 2:45 pm

Minnesota Senator Requests Biden Administration to Resume Copper Mining Study

Senator Tina Smith of Minnesota is calling for the Biden administration to resume a study that could possibly affect the proposed Twin Metals Mine. Last week, the senator sent a letter to Interior Secretary Deb Haaland and Agriculture Secretary Tom Vilsack, asking them to continue with a study on the safety of mining copper-nickel-sulfide ore in the Rainy River Watershed, which includes the site of the proposed Twin Metals Mine as well as the Boundary Waters Canoe Area Wilderness and Voyageurs National Park (BWCAW). The study was commenced under the Obama administration but terminated under the Trump administration. It would…

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ThursdayApr 01, 2021 2:59 pm

Price of Gold Drops as Feds Increase Bond Yields

Last week, the price of gold dropped significantly, decreasing from a more than two-week high as bullion continues to lose its appeal as well as its value, with the value of the dollar climbing steadily and the U.S. Treasury yields increasing. Meanwhile, the U.S. gold futures for April delivery remained stable at $1,728.80/ounce while spot gold declined to $1,728.96/ounce by midday EST, which is roughly a 1.1% drop. On the other hand, zinc dropped to $2,792 per metric ton, a 1.2% decline while palladium surged by nearly 7%, the biggest increase since May 2020. Other metals, such as tin, advanced…

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