March 2022 - MiningNewsWire

ThursdayMar 31, 2022 3:22 pm

Russia May Soon Ban Uranium Exports

Last week, the Russian state’s news agency quoted comments made by the country’s deputy prime minister, Alexander Novak, who stated that Russia was considering imposing a ban on uranium exports. It is presumed that the potential ban on uranium is retaliation for President Joseph Biden’s decision to stop purchasing oil from Russia. While it isn’t clear whether the Eastern European country will implement the policy, following through on its threat would cause a significant increase in the price of uranium. Currently, Russia supplies more than 15% of the uranium that nuclear plants in America use to generate power. In the…

WednesdayMar 30, 2022 3:08 pm

Report Suggests Lithium Iron Phosphate Could Play Key Role in Energy Storage

As territories around the globe move away from fossil fuel energy to green energy sources over the next few years, the need for stationary energy storage will increase exponentially. Unlike fossil fuels such as coal, which can provide energy 24/7, renewable sources such as solar peak during certain times of the day. Stationary power storage facilities can be used to store solar and wind energy generated during the day when demand is low and then release it back into the grid when energy use peaks. According to a new report from research firm Wood Mackenzie Power & Renewables, lithium iron…

TuesdayMar 29, 2022 2:09 pm

World Gold Council Recommends That Mining Companies Cooperate More With Artisanal Miners

Last week, the World Gold Council asked that small-scale miners and large mining firms cooperate more. This was while the WGC was making recommendations that would facilitate the introduction of artisanal miners into the market and manage their interactions with larger miners. Small-scale miners are miners who work independently in mines and aren’t official employees of mining firms. These subsistence miners, also referred to as artisanal miners, extract minerals from the earth using their own resources. Leading global institutions estimate that artisanal and small-scale gold mining accounts for about 20% of the newly mined gold supply yearly. The World Gold…

MondayMar 28, 2022 2:37 pm

Canadian Solar Sees Sales Increase for Energy Storage Solutions in Canada

Green, renewable sources of energy will play a major role in reducing carbon emissions and combating climate change. However, the power output from these sources isn’t consistent and tends to peak when energy use is low. Stationary energy storage facilities can be used to store this excess energy, which is typically generated during the day, and release it back into the grid at night when most of the population is home and energy consumption peaks. The market for stationary storage solutions is poised to explode as the use of solar energy becomes more prominent. Canadian Solar, an Ontario-based company that…

FridayMar 25, 2022 12:16 pm

Wisconsin Utility Firms Receive Approval to Invest $433M in Solar Plus Energy Storage Project

WEC Energy and Madison Gas and Electric, investor-owned utilities based in Wisconsin, recently acquired regulatory approval to buy 110 MW and 200 MW solar and battery energy storage system. Two subsidiaries of WEC Energy and Madison Gas and Electric received the go-ahead to purchase a solar-battery park, which is set to begin operations next year. The park, dubbed the Paris Solar-Battery park, was developed by Invenergy and is located in Kenosha County. WEC Energy will own about 75% of the project while Madison Gas and Electric will own 10%. The remaining share will be owned by the Wisconsin Public Service.…

FridayMar 25, 2022 9:15 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Anticipates Growth in Value Given the Continued Rise in Inflation

The inflation rate in the United States for the 12 months ending February 2022 was 7.9%, the highest it has been since January 1982 In addition to the rise in inflation, the price of gold has risen to levels not previously seen StraightUp Resources Inc. looks to capitalize on this growing price and looks to benefit from it given its investments in properties with a rich history of gold production Although today there are a number of investments being touted as the best hedges against inflation, the current high rate of inflation, and its long-term prospects for continuing, together with…

ThursdayMar 24, 2022 3:30 pm

Imposing Sanctions on Russian Imports May Be Easier Said Than Done for the EU

The future of nuclear energy is becoming uncertain as the European Union looks for ways to decrease its dependence on oil and gas from Russia, which invaded Ukraine last month. Russia is the second-largest source of uranium around the globe despite the supply chain’s diversification, with countries such as Canada, Kazakhstan and Niger contributing substantial amounts of uranium. Currently, the domestic production of uranium in the EU is still low, with uranium being supplied from foreign sources making up more than 90% of total consumption. Russia, which has the biggest enrichment capacity globally, is also a major provider of enriched…

WednesdayMar 23, 2022 3:30 pm

Could Ukraine’s Invasion Trigger a Revival in Uranium Mining in the US?

The Biden administration recently imposed a ban on imports from Russia following the Eastern European country’s invasion of Ukraine. Uranium, which is a key radioactive metal used to make fuel for nuclear reactors in the United States, wasn’t included in this ban. However, the U.S. is considering imposing sanctions on Rosatom State Nuclear Energy Corp, a Russian state atomic corporation, which caused the price of uranium to rise to $60. America’s dependence on foreign sources for uranium leaves its nuclear energy sector vulnerable to conflict. Currently, Russia exports 20% of the uranium used in reactors in the United States. The…

TuesdayMar 22, 2022 2:07 pm

Rising Interest Rates May Trigger Recession, Boost Price of Gold

The Federal Reserve may soon raise interest rates and end quantitative easing this month. Many expect that this tightening cycle will be accompanied by a recession as the economy slows down. So, what does the Central Bank’s tightening cycle mean for gold? The gold market will be positively influenced given that this precious metal performs even better during an economic crisis. We have witnessed the yellow metal’s recent resilient performance to rising bond yields, which many explain as the demand for gold as a hedge against the Federal Reserve’s failure to pull off a soft landing. The Federal Reserve may…

TuesdayMar 22, 2022 9:00 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Prepares Summer Gold Exploration Program in Ontario, Amid European War Era Instability

StraightUp Resources is a mining acquisition and exploration company with flagship properties in Ontario, Canada, and an expanding international footprint Following on the acquisition of aerial digital magnetic survey data last year for its flagship properties, the company is preparing a summer work program that will include analysis of its data, identification of key geological targets, and geophysical sampling including a drill program The war Russia launched in Ukraine last month has driven some new interest in gold amid concerns about the war’s potential far-reaching impact as well and the immediate impact on Russia’s and the world economy as a…

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

Contact us: (310) 299-1717

Month: March 2022