November 2021 - Page 2 of 3

ThursdayNov 18, 2021 12:00 pm

U.S. Geological Survey to Remove Uranium from Critical Minerals List

The U.S. Geological Survey has suggested that uranium be removed from the national list of critical minerals. The draft list of critical minerals published by the agency in the Federal Register earlier in September of this year highlights 50 minerals that have been deemed essential to ecoomic security and national defense. Uranium is a radioactive metal mainly used as fuel for nuclear power plants. The metal had been excluded from the draft list of minerals, together with strontium, rhenium, helium and potash. However, it was included in the initial critical minerals list, which was issued in 2018 and sanctioned by…

WednesdayNov 17, 2021 3:15 pm

Harmony Energy’s IPO Raises $251 Million for Battery-Storage Deployment

Harmony Energy, a battery-storage development company focused on renewable energy, launched its initial public offering ("IPO") in October of this year. Thus far, the UK-based firm has raised roughly $251 million, which it plans to use to finance battery-storage deployment. This amount is equivalent to about £186 million. The company announced that it would be selling their shares to the public through Harmony Energy Income Trust, its investment company. This initial public offering has seen the company issue more than 200 million ordinary shares, each of which was going for £1 ($1.34). The company also issued 23.5 million ordinary shares…

TuesdayNov 16, 2021 1:00 pm

Price of Gold Hits Two-Month High

Despite mounting pressure from increasing U.S. treasury yields, gold continued its rally this week. This comes as investors try to work with the expectation that major central banks around the globe will keep low interest rates in the short term. Gold futures in the United States rose by 0.5%, hitting $1825. 80/ounce in New York, while spot gold also carried on with its momentum from last week, rising by 0.4% to reach $1824.28/ounce. This is the highest price spot gold has occupied in two months. Before this, the price of gold futures in the U.S. was $1,810.10 per ounce while…

TuesdayNov 16, 2021 8:00 am

Mining Developer StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Increases Investment Exposure with OTCQB Listing

Mineral property exploration company StraightUp Resources has pursued greater scale of its acquisitions and holdings in recent months, including properties in Canada, the United States, and Peru StraightUp announced recently that it has upgraded its listing in the United States to the OTCQB Venture Market under the symbol STUPF to gain access to a larger investor base StraightUp continues to be listed on the Canadian Securities Exchange under the symbol ST as well The company’s flagship operations are in Ontario, where it has obtained options in several properties within the prolific Red Lake Mining Division’s greenstone belt StraightUp Resources (CSE:…

MondayNov 15, 2021 3:55 pm

Sprott Asset Management LP to Acquire North Shore’s Uranium Mining ETF

Last week, North Shore Indices entered into an agreement with Sprott Asset Management. The agreement involves Sprott acquiring an exclusive license that will allow the company to utilize the North Shore Global Uranium Mining Index. This transaction between the two companies hasn’t yet been approved by the shareholders of North Shore Global Uranium Mining ETF and its board of trustees. Once it is granted approval, the company will undergo reorganization in order to establish Sprott Uranium Miners ETF, which will be subadvised and advised by Alps Advisors Inc. and Sprott Asset Management, respectively. It is expected that the reorganization will…

FridayNov 12, 2021 12:45 pm

COP26 Ideal for Emphasizing Battery Storage Role in Energy Transition

This year’s UN climate change conference, dubbed COP26 and running Oct. 31 through Nov. 12, 2021. With the climate crisis at its worst, policymakers are under significant pressure to turn things around. Various issues will be discussed during the climate change conference, including the establishment of an international carbon market and the reduction of the use of coal. Energy storage will enable renewable energy to replace fossil fuels globally, which makes it essential. However, discussions on storage technologies such as batteries may not be covered during this annual event. This is a bit worrying, especially if one considers the fact…

ThursdayNov 11, 2021 12:45 pm

Pros and Cons of Investing in Silver Bullion

When the price of silver increases, interest from investors in the silver market rises. Like gold, the metal is considered to be a safe haven asset that investors can use to protect themselves in times of uncertainty. Silver can also be used by investors to preserve their wealth in times of difficulty. Today, we look at the advantages and disadvantages of purchasing silver bullion. Advantages of Investing in Silver Bullion Provides anonymity Silver affords its users a degree of anonymity when it comes to spending, just like cash. Individuals who would prefer to not have their transactions in public records…

WednesdayNov 10, 2021 11:20 am

Why Nuclear Energy Isn’t Growing Fast in America

As more countries adopt the use of renewable energies and cut down on fossil fuel use in order to meet their carbon neutrality goals, the debate on whether nuclear energy should be used continues. Nuclear energy doesn’t emit high levels of carbon dioxide such as other renewable energies, which makes it a good option to complement solar and wind energies. While nuclear energy is considered to be a renewable energy source, the material it uses to generate power — uranium — is not renewable. At the moment, uranium exists in plenty and, despite having a volatile price, is easier to stockpile…

TuesdayNov 09, 2021 12:30 pm

Report Finds That Corporate Funding into Battery-Storage Sector Reached Billions

During the first nine months of this year, companies involved in the battery-storage sector raised roughly $11 billion in corporate funding. This figure represents a more than 360% rise in sector funding when compared to the same period in 2020. Mercom Capital, a clean-energy markets research group, stated that the amount it had recorded in its most recent report on M&A activity and battery-storage funding was made up of more than 70 deals. Between January and September 2020, battery-storage companies only closed 35 deals, with a total value of $3.5 billion. The company’s report highlights the activity of the smart…

MondayNov 08, 2021 3:00 pm

Factors Influencing Silver Demand

Silver has various applications, including in investments as well as in different industries, meaning its demand stems from different sectors. The metal is considered to be versatile, with its demand being driven by its end uses that range from medicine to silverware. Technological and industrial uses for silver account for more than one-half of annual international demand, stimulated by its ductility, malleability and strength. Last year, the global demand for the metal decreased by roughly 99 million ounces, with the largest decline in consumption being recorded in the silverware and jewelry segments. Projections show that the demand for the metal…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (310) 299-1717

Month: November 2021