FridayMay 07, 2021 10:17 am

As U.S. Prepares to Fix Production Gap, Uranium Energy Corp. (NYSE American: UEC) Further Grows Only Recent U.S. Uranium Discovery

Despite consuming 27% of the world’s uranium requirements, the U.S. produces virtually no uranium Texas-based Uranium Energy Corp. has more than 100 million pounds of uranium in the ground in its portfolio, in addition to 2.1 million pounds of warehoused physical uranium inventory UEC recently completed 40 development holes at its flagship Burke Hollow project, adding data to what potentially is the largest Goliad Formation deposit ever discovered in the South Texas Uranium Trend Currently, U.S. uranium production is practically nonexistent: Most of the country’s requirements are from foreign sources with almost half coming from Former Soviet Union countries, including…

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ThursdayMay 06, 2021 3:00 pm

Opposition to Mining in the U.S. May Affect Energy Transition

As more countries around the world adopt the use of electric vehicles and that of sustainable energies, the disconnect between the crucial need for various minerals required for the batteries of electric cars as well as the advancement of wind and solar power, and the processes used in mining to extract said minerals, grows larger. This is mainly because these processes negatively impact the environment, which may likely become a public bone of contention. With the Biden/Harris administration striving to achieve its Green New Deal-related goals, which propose an end to internal combustion engines and the use of fossil fuels…

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WednesdayMay 05, 2021 12:00 pm

Report Finds Transparency, Data Usage Will Characterize Mining Industry’s Future

Wikistrat, a global crowdsourcing platform, and Sandpit Innovation, a consulting firm based in Perth, Australia, recently published a report that explores the future of the mining industry. The report, which was compiled after engaging with a team of 90 experts from the fields of futurism, disruptive technologies, innovation and mining, generated many proposals in more than a week’s time. The review combined the experts’ insights on how they imagine the mining industry a decade from now. This was followed by a vote to help decide on the most likely scenarios. The report highlighted primary findings that rising competition over talent,…

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WednesdayMay 05, 2021 9:15 am

H.C. Wainwright Publishes Analyst Research Report on Uranium Energy Corp. (NYSE American: UEC), Reiterates Buy Rating

Brokerage firm H.C. Wainwright & Co. recently released report featuring UEC, reiterates Buy rating Recent drilling activities at UEC’s Burke Hollow in situ recovery (“ISR”) project show strong results, potential for further resource growth UEC well-financed to aggressively pursue key developmental targets, the Company has over $110 million in cash, equity and inventory holdings UEC is production ready with four fully licensed uranium projects and a state-of-the-art Central Processing plant with a combined production profile of 4 million pounds of uranium per year Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, was recently featured…

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TuesdayMay 04, 2021 2:20 pm

US Economic Recovery Pushes Price of Aluminum Higher

The premiums that U.S. purchasers of aluminum have to pay for the lightweight metal to be shipped to the United States hit a record high last week. The numbers surpassed the level reached more than five years ago when trading houses and banks began to participate in warehouse merry-go-round deals in order to collect higher rents. This latest increase, however, wasn’t driven by merry-go-round deals. It was instead propelled by a tariff holdover and a surge in shipping costs and demand from the Trump administration. According to Harbor Intelligence, a global researcher focused on the aluminum industry’s outlook and analysis,…

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MondayMay 03, 2021 11:50 am

Gold Supplies Fail to Keep Pace with Demand

Many economies and industries were affected by the onset of the coronavirus pandemic and the spread of this disease, which led to shutdowns of facilities and countrywide lockdowns in various regions in the world. However, while most industries suffered, producers of gold in the mining industry enjoyed increases in revenue as the price of gold rose by more than 20% last year. These price surges were caused by various demand shocks that were brought about by the pandemic, such as investors moving from equities to bonds and the U.S. dollar losing more of its purchasing power. Last year’s increase in…

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