September 2021 - MiningNewsWire

ThursdaySep 30, 2021 2:45 pm

An Overview of Gold Production in 2020

Last year, the price of gold set a new record when it sold for $2,000 per ounce, which gave miners a boost in profitability. However, the pandemic caused various mines across the globe to shut down, which in turn impacted the production of the precious metal. Before gold is used in its numerous applications, such as jewelry, etc., it has to undergo a challenging production process, which usually starts with mining. Mining this precious metal is an international business. However, only a trio of countries, namely Russia, Australia and China, dominated gold production last year. The countries’ production of this…

WednesdaySep 29, 2021 12:00 pm

Why Uranium Demand Could Double in a Decade

The demand for nuclear power is set to rise significantly not only from consumers in the Far East but also from domestic U.S. consumers as the adoption of cleaner energy continues. Uranium Energy Corp CEO Amir Adnani believes that by 2030, the People’s Republic of China will have more nuclear generation than the United States, which will significantly increase the demand for uranium and the profile for nuclear generation. At the start of last week, uranium futures rallied to $50 per pound from the mid-August price of $30 per pound. The significant increase in price was mainly driven by various…

TuesdaySep 28, 2021 1:15 pm

Lithium Continues Price Surge in September

Since the start of September, the price of lithium has risen steadily as the metal’s demand increases and concerns about its supply drive Chinese domestic prices to new highs. Data shows that these prices are the highest the Chinese market has seen since 2018. During the first half of September, the price of battery-grade and technical lithium carbonate rose by more than 20%. Currently, the prices have surged by 214% and 189% respectively on the Chinese domestic market. Benchmark Mineral Intelligence has stated that increases in the carbonate price had surpassed lithium hydroxide, adding that the price rally for feedstock…

MondaySep 27, 2021 1:46 pm

StorEn Technologies Inc. Announces ANYSeed Converts Note, Becomes New Shareholder

StorEn issued ANYSeed a convertible note in 2019; the fund recently converted the note into equity ANYSeed supports science and technology-based, early-stage ventures located in downstate New York Focused on offering innovative battery storage, StorEn Technologies is leading way in the development of evolutionary vanadium flow batteries StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, has announced that Accelerate New York Seed Fund (ANYSeed) has become a shareholder (https://ibn.fm/vJewK). “Over three years ago, in March of 2019, we raised funds from ANYSeed and issued them a convertible note after receiving the…

MondaySep 27, 2021 12:15 pm

Should You Add Precious Metals to Your Retirement Portfolio?

The world we live in now is full of uncertainties, which only raises more concerns about the future and how we can be better prepared for it. You’ve probably heard that investing for your future is a good way to plan ahead, but how do you know what would be good to invest in? A financial advisor can offer helpful insights into how you should invest your money and what might afford you the highest returns. However, even without a financial advisor, you can still invest in your retirement plan to ensure that you can relax when you eventually retire.…

MondaySep 27, 2021 11:29 am

Greenstone Belt Gold Potential Drives StraightUp Resources Inc. (CSE: ST) Survey Work in Ontario’s Rich Red Lake Mining District

StraightUp Resources is a mineral property acquisition and exploration company currently focused on potential production targets in Ontario, Canada’s historic Red Lake Mining District StraightUp has options to four flagship properties that together comprise over 20,000 hectares (about 50,000 acres) in a region that has produced more than 30 million ounces of gold historically The company announced this month that it has completed a high-resolution heli-borne magnetic survey (“MAG”) on its largest project that will help the company decide where potential gold mineralization worth further exploration may lie The company’s efforts to fund its exploration work include a recently announced…

FridaySep 24, 2021 1:30 pm

Three Technologies That Can Make Shift to Renewable Energy Easier

The cost of renewable energy generation has significantly decreased in the last few years. This is one of the reasons why the U.S. Department of Energy believes renewable energy will be the quickest-growing energy source through 2050 in the country. However, while energy storage is essential, the cost of energy storage is still relatively expensive. A recent report released by researchers at the National Renewable Energy Laboratory estimates that the possibility of increasing energy storage capacity in the U.S. by roughly 3,000% exists. Below are some of the technologies that can boost this shift to renewable energy. Renewable fuels While…

FridaySep 24, 2021 9:15 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Creation of Million-Dollar Foundation to Support Local Communities

UUUU’s San Juan County Clean Energy Foundation designed to assist communities surrounding Energy Fuels' White Mesa Mill in southeastern Utah Company initially donating $1 million, plans to donate annual funding equal to 1% of the mill's future revenues Investing back into the San Juan County community will give company opportunity to support, catalyze sustainable economic and community development Committed to being a strong member of the community, Energy Fuels (NYSE American: UUUU) (TSX: EFR) has established the San Juan County Clean Energy Foundation (https://ibn.fm/y7aW1). The foundation is a fund created to contribute to the communities surrounding Energy Fuels' White Mesa Mill in…

ThursdaySep 23, 2021 2:30 pm

Electric Vehicle Demand to Boost Silver’s Price, Market

Guardian Vaults business development manager John Feeney revealed in a report published last week that despite silver struggling to perform at the moment, the metal should attract new investors in the near future as it became clear that the Fed wouldn’t tighten monetary policies given the lower-than-expected employment figures released in August. Currently, the metal is going for about $24 per ounce. Normalizing interest rates or shifting monetary policy would have negative consequences on the economy, which is why the Federal Reserve will not be taking any action on this. International monetary policies support precious metals, which include silver, whose…

ThursdaySep 23, 2021 9:59 am

StorEn Technologies Inc. Names New Director of Business Development

New director will add significant strength to business development and marketing initiatives Davis has decades of sales and business development experience heavily focused on emerging technology solutions for telecommunications, utilities industries StorEn focused on revolutionizing the world of residential, industrial energy storage StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, has named John Davis as its new director of business development (https://ibn.fm/XkKIa). Davis is a seasoned executive with almost three decades of experience in sales and business development. “The appointment will add significant strength in our business development and marketing initiatives,…

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Month: September 2021