August 2021 - Page 2 of 3 - MiningNewsWire

ThursdayAug 19, 2021 2:45 pm

Long-Duration Energy Storage Market Growth Faces Policy Bottlenecks

A panel of experts has come to the conclusion that market mechanisms in the energy sector must be adjusted with the aim of supporting long-duration energy storage, as current frameworks have found it hard to incentivize these technologies. The experts debated the policy outlook for long-duration storage during the 2021 Energy Storage Summit, which was organized by Solar Media. Robert Hull, the energy advisory managing director at Riverswan, called attention to how revenue-generating mechanisms weren’t supportive of long-duration, energy-storage technologies, despite the support of overall policies. He noted that nearly all of the 4GW long-duration, energy-storage assets in the United…

WednesdayAug 18, 2021 2:30 pm

Could Gold Be Experiencing a Mid-Cycle Market Correction?

Paul Wong, a strategist at Sprott Market, believes that gold may soon experience a rally in the coming months. Last month, gold bullion increased by 2.5%, with mining equities also seeing a modest recovery in their fortunes, with an increase of 3.33%. The price of gold at the month’s end was $1,814.19 per ounce. Despite this gain, the precious metal is still down 4.44% year to date, with silver also down by 3.44%. In his report, Wong stated that this year’s weak performance of gold was a mid-cycle correction for precious metals, adding that gold performance in June was most…

TuesdayAug 17, 2021 1:26 pm

Why In-Situ Recovery Is a Great Mining Method

Mining is the extraction of geological materials and valuable minerals out of the ground, with the most popular mining methods being open surface, underground and in-situ mining. Unlike the other mining methods mentioned, in-situ mining doesn’t involve a lot of digging or landscape disturbance. Also known as in-situ leaching and in-situ recovery, the method isn’t a new innovation in the natural resources industry, having been used for more than five decades to mine uranium. Nearly 50% of the total uranium mined globally is mined using in-situ recovery. Other minerals that can be extracted from the earth using this method include…

TuesdayAug 17, 2021 9:30 am

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Reports Strong Second Quarter Financial Results

The company reported revenues of $9.7M, in-line with Q1 2021’s sales while gross profit improved to $2.1M, up 16% quarter over quarter Excellon’s production cost per tonne decreased to $273, down 8% quarter over quarter The company also increased its exploration expenditures to $1.8M in Q2 2021, with ongoing mining activity at Mexico’s Platosa mine, as well as in their German and Idaho-based sites Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, has recently published their second quarter results for the 2021 fiscal year.…

MondayAug 16, 2021 1:45 pm

Four Technologies That May Help Address Energy Storage Challenge

Many of the renewable sources of energy, such as solar and wind energy, flow and ebb depending on the prevailing weather conditions. If renewable energy is to become the dominant source of global energy, reliable and cost-effective solutions on a utility scale have to be developed and deployed so that excess energy can be stored in order to be used when the natural supply is low, such as at night when solar panels cannot collect energy from the sun. Here are four technologies that hold the greatest promise for fixing the energy storage challenge. Pumped hydro The basic thinking behind…

MondayAug 16, 2021 10:21 am

First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Continues To Release Lithium Drill Results As Lithium Demand Continues to Grow Globally

Company reported various lithium oxide volumes at LC21-22 and LC21-003 drill holes The drilling showed irregular values of rare metals, including niobium, rubidium, tantalum, beryllium, cesium, and iron Analysis of the samples is done through a process called Code Ultratrace 7 using Peroxide Fusion, ICP, and ICP/MS First Energy Metals granted incentive stock options to certain directors, officers, and consultants to purchase up to 900,000 common shares under the Stock Options Plan, exercisable for five years at a price of $0.25 per share Global Li-ion Battery Market to Reach $80.5 Billion by 2024 First Energy Metals (CSE: FE) (OTCQB: FEMFF),…

FridayAug 13, 2021 11:20 am

Novel Battery Designs Unlikely to Dent Metals Demand by EV Industry

Mining companies have revealed that plans to make an EV battery that doesn’t contain lithium by China’s Contemporary Amperex Technology Co. Ltd (“CATL”) likely will not ease the demand for lithium as well as other battery metals. This is mainly because the battery will have a limited range, and competing battery technologies are expected to eat up lithium’s supply in the near future. Earlier in June, CATL revealed that it would be developing a sodium ion alternative that wouldn’t contain cobalt, lithium or nickel. This battery will be heavier and less powerful in comparison with the lithium ion battery, which…

ThursdayAug 12, 2021 2:05 pm

A “Time Lapse” View of the Silver Mining Steps

Silver has had many applications in the past, its use in jewelry for millenniums to its use in powering the current new tech innovations and the green energy transition. The metal, which has the greatest electrical conductivity in comparison to all other metals, is also used in 5G devices, circuit boards, electric vehicles, electrical contacts and solar panels, among other devices. For all its uses and applications, the full process of extracting the mineral isn’t well known. We discuss this extraction and refining process of this metal, which is growing in demand, below. Silver, like most metals, is found in…

WednesdayAug 11, 2021 2:45 pm

EU Regulators Boost the Renewables Sector

The European Commission, which is the regulatory arm of the European Union (“EU”), has modified the regional block’s energy law with an aim of setting targets for the use of sustainable forms of energy in the heating, cooling and transportation sectors. The new plan mandates member states to reduce the emissions from new vans and cars by 65% before the end of 2035 when compared to the levels of emissions registered in 2021. Thereafter, countries are expected to cut emissions by 100 percent in comparison to the levels of 2021. The enhanced emissions law also came with additional rules asking…

TuesdayAug 10, 2021 1:45 pm

PwC Says Higher ESG Scores Correlate with Superior Mining Stocks Performance

Earlier in June, Andries Rossouw of PwC Africa Mining released a statement noting that during the peak of the coronavirus pandemic, mining companies with higher environmental, social and governance (“ESG”) ratings surpassed the broader market to deliver a 34% average total shareholder return, which is 10 points higher than the general market index. Companies with higher ESG ratings are showing stronger long-term performance in market and shareholder value, as they continue to attract premiums on low-carbon inputs and benefit from capital access at lower interest rates. This data was obtained from the annual review of the top-40 mining companies compiled…

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Month: August 2021