February 2022 - MiningNewsWire

MondayFeb 28, 2022 10:24 am

US Utility-Scale Energy Storage Installation Tripled in 2021

The American Clean Power Association recently released its latest yearly figures for utility-scale battery energy storage system installations in the United States. The figures show a significant increase in installations, highlighting that last year, this number increased by more than 195% to 2.6GW. However, overall clean power installations also dropped by 3%, with installations in the fourth quarter in 2021 also declining by more than 30%. The utility-scale battery energy storage system capacity also quadrupled over the course of last year, with the trade body finding that the energy made up 2% of the nation’s total clean power capacity. More…

FridayFeb 25, 2022 1:44 pm

Are Precious Metals Royalty Agreements a Good Investment?

Some investors venture into the mining sector because of its high potential returns. What many aren’t aware of is precious metals royalties, which have high upside potential and long-term revenues. Precious metals royalties also often outperform other income investments, potentially making them a good investment. Royalties were created between mining firms and prospectors so prospectors could gain long-term revenue from the development of their discoveries. Gradually, royalty agreements became a funding mechanism that allowed mine operators to receive up-front funding for the development of mines in exchange for 1% to 3% of the lifetime revenue generated by the mine. Once…

ThursdayFeb 24, 2022 3:42 pm

Macron Announces New Policy for French Nuclear Sector

Last week, President Emmanuel Macron introduced a new energy policy for France, stating that the policy’s primary objective was to increase the country’s production capacity for carbon-free energy and decrease its energy consumption. Macron stated that the country needed to produce more carbon-free electricity in the coming decades because even if it decreased its consumption of energy by 40%, the exit from gas and oil in the short term implied that it would replace a portion of the fossil fuel consumption with electricity. This, he said, was why France needed to be able to produce at least 60% more electricity…

ThursdayFeb 24, 2022 9:15 am

With Bulls on the Side of Gold Trends, StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Charges Ahead with Greenstone Belt Drill Plans

Metals exploration and acquisition company StraightUp Resources has spent recent months optioning potential drill sites in the gold-producing region of Ontario’s famed Red Lake Mining District StraightUp conducted ground and airborne magnetic surveys last year to help guide its strategy for potential exploration, with results showing some “high merit” areas of potential mineralization The company has obtained the necessary permit for a summer drilling program on one of its five sites in Ontario’s well-known greenstone belt region in and around the Red Lake District Gold prices declined during the pandemic as many people held off on buying jewelry and turned…

WednesdayFeb 23, 2022 2:26 pm

US Government to Award $3 Billion in Grants to Support Battery Value Chain

Earlier this week, the U.S. Department of Energy awarded a limited breakdown for grants that would be used to improve battery production for the energy storage and electric vehicle markets. These grants, which total $2.9 billion, are among the few mentioned in the Bipartisan Infrastructure Deal. Funds will be allocated by the Office of Energy Efficiency and Renewable Energy under the Department of Energy and will be used to finance battery pack and cell recycling and manufacturing facilities and battery materials production and refining plants. The Office of Energy Efficiency and Renewable Energy has released two notices to issue announcements…

WednesdayFeb 23, 2022 10:00 am

StorEn Technologies Inc. Gains Attention as Developer of Innovative Vanadium Flow Batteries

Company ranked as one of 50 most innovative New York-Based energy-management companies and startups Companies were selected based on exceptional performance in innovation, growth, management or societal impact StorEn also cited as partner with organization investigate battery storage options and increase the lifetime of redox flow batteries StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, was recently listed as one of the 50 Most Innovative New York Based Energy Management Companies & Startups by Futurology Inc. (https://ibn.fm/4VXZR). In addition, the company also garnered some attention from the Graphene Council, which called out the…

WednesdayFeb 23, 2022 9:45 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Emerging Leader in Rare Earth Sector Slated for Growth in 2022

The rare earth element market expected to see interest from investors, governments around the world in coming year Supply will need to pick up to meet global demand for REEs, primarily from EVs Restoring REE production to U.S. will greatly benefit the nation’s economy and clean energy sector Last year saw more major developments in the rare earth elements (“REE”) space than the last seven years combined, according to a recent InvesBrain report (https://ibn.fm/Mlutg). Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), which has historically been a leading U.S. uranium mining company, is keenly interested in the space, as the company has…

TuesdayFeb 22, 2022 2:22 pm

Gold Set to Benefit from Possible ECB Interest Rate Hikes

Toward the end of last year, the European Central Bank announced that it would end its emergency purchase program for the pandemic in March 2022. While this doesn’t signal a stop to quantitative easing, as the central bank of the Eurozone continued to purchase assets under this program, it does mean that it will be reducing the frequency of its purchases in 2022. During a conference held recently, the president of the European Central Bank, Christine Lagarde, admitted that the bank would stop net asset purchases done through this program next month. In the press conference, Lagarde acknowledged the shift…

TuesdayFeb 22, 2022 9:15 am

Billion-Dollar Acquisition, Region’s History, Survey Results, Support StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Focus on the Prolific Red Lake District

StraightUp Resources has optioned or acquired several properties in the historic Red Lake District in Ontario, which has produced over 30 million ounces of gold to date The company’s properties in the area include RLX North, RLX South, Belanger, and Ferdinand properties Late last year, a senior gold mining company entered into an agreement to acquire Great Bear Resources, one of the success stories of the Red Lake District This acquisition, coupled with results from own surveys and the district’s storied history, support StraightUp’s focus in the area When StraightUp Resources (CSE: ST) (OTCQB: STUPF) optioned mining claims comprising the…

FridayFeb 18, 2022 12:49 pm

Cameco to Resume Operations at McArthur River Mine

Cameco, the biggest publicly traded uranium company in the world, recently announced its plans to resume operations at its McArthur River mine. The mine, which is located in northern Saskatchewan, halted production in 2018. The mine was placed in care and maintenance mode soon after. Cameco CEO and president Tim Gitzel stated last week that production at the Key Lake mill and McArthur River mine was expected to be 15 million pounds annually from 2024. In his statement, Gitzel explained that Cameco would take some time to transition the mine from care and maintenance mode to its planned production capacity…

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Month: February 2022