News Archives - Page 2 of 15

WednesdayMar 31, 2021 11:01 am

MiningNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Announces Calgary Facility with Automotive Class Manufacturing Capabilities

Exro Technologies (TSX.V: EXRO) (OTCQB: EXROF), a leading clean-technology company that has developed a new class of power electronics for electric motors and batteries, unveiled plans for a new Calgary-based facility that will have the capability to produce up to 100,000 Coil Driver products with automotive industry certifications annually. Scheduled to open late Q4 2021, the 37,000-square-foot structure will include production lines, product showrooms and office spaces and is slated to obtain automotive certified production by the end of 2022. The facility will use solar power and battery energy storage solutions with a net zero carbon emissions objective. This key…

TuesdayMar 30, 2021 12:04 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Increases Upcoming Stock Dividend

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, today announced that its management and board of directors have approved an increase in the upcoming stock dividend. According to the update, the restricted common share dividend will be distributed on the basis of one dividend share for every 45 shares owned to AABB shareholders of record on May 3, 2021. In response to shareholder requests and interest, the company increased the dividend by 10% and extended the shareholders of record date. The majority of shareholders will receive the dividend shares…

TuesdayMar 30, 2021 11:15 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Featured in Bell2Bell Podcast

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, was featured in The Bell2Bell Podcast, a part of InvestorBrandNetwork’s (“IBN”) sustained effort to provide specialized content distribution via widespread syndication channels. Uranium Energy’s CEO and President, Amir Adnani, joined the latest episode to discuss the company’s recent news and milestones, which include strengthening of its balance sheet that totals close to $95 million in cash and equity holdings, including approximately $61 million in cash. Adnani also discussed the company’s establishment of a physical uranium holding initiative. “This has really both resonated with the market and,…

FridayMar 26, 2021 12:15 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) VP Presented Testimony at Senate Committee Hearing

Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has reported that Scott Melbye, UEC’s vice president and current president of the Uranium Producers of America, testified during a recent hearing for the U.S. Senate Committee on Energy & Natural Resources. The hearing was on March 25, 2021. During the hearing, Melbye noted his 36 years of experience in every facet of the international nuclear fuel cycle, from production and global marketing of uranium to its use as clean-energy fuel. He observed that nuclear is currently providing electricity to one in five American homes and provides more…

WednesdayMar 24, 2021 11:20 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Achieves All-Time High Annual Gross Profit of $16.8M

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, today announced its finalization of financial results for the year ending December 31, 2020. According to the update, Asia Broadband has achieved an all-time high annual gross profit of $16.8 million. Having recently received its final 2020 year-end price adjusted gold and silver sales revenues, the company will be publishing the annual report in the coming week. Asia Broadband’s accomplishment of its record profit milestone attests to the company’s successful mining operations established in 2020. AABB’s strategic growth focus has enabled…

WednesdayMar 24, 2021 9:43 am

MiningNewsBreaks – Northern Oil and Gas Inc. (NYSE American: NOG) Secures $140.2M in Underwritten Public Offering

Northern Oil and Gas (NYSE American: NOG) has closed an underwritten public offering of 14,375,000 shares of its common stock, including 1,875,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, Northern Oil and Gas secured approximately $140.2 million in gross proceeds, with each of the shares sold at the public offering price of $9.75. The company intends to use the proceeds to partially fund the cash purchase price of its recently announced pending acquisition of certain non-operated natural gas assets in the Appalachian Basin from Reliance Marcellus LLC (the “Reliance…

MondayMar 22, 2021 12:21 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces 2020 Results and Transformative Year, to Host Webcast on March 23, 2021

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, today reported its financial results for the year-ended December 31, 2020. The company also announced that it will host a video webcast at 4:00 p.m. ET (2:00 p.m. MT) on Tuesday, March 23, 2021, to discuss its 2020 financial results and other corporate initiatives. Interested parties should visit https://ibn.fm/qE1UK to register for and join the webcast and to access the presentation and viewer-controlled webcast slides. "2020 was a transformative year for Energy Fuels, as we worked on developing a rare earth business complementary to our core uranium…

MondayMar 22, 2021 10:57 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Secures $30.5M in Registered Direct Offering

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, has closed its previously announced offering of an aggregate of 10,000,000 shares of common stock of the company. Per an update released today, Uranium Energy secured gross proceeds of $30,500,000 in the registered direct offering, with each of the shares sold at a purchase price of $3.05. The company offered and sold the shares per a securities purchase agreement, dated March 17, 2021, with certain institutional investors. UEC intends to use the net proceeds for additional uranium purchases and for general corporate and working capital purposes.…

WednesdayMar 17, 2021 2:33 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Completion of Uranium Purchases, Additional Funding

Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has secured 800,000 pounds of additional U.S.-warehoused uranium; the shipment is comprised of a delivery in April consisting of 500,000 pounds and a second delivery scheduled for December consisting of 300,000 pounds; this uranium purchase follows a previously announced acquisition of 400,000 pounds. In total, UEC now has contracts to purchase 1,200,000 pounds of U3O8 at a volume-weighted average price of $28.94 per pound. In addition, the company has entered into definitive agreements with institutional investors to purchase 10,000,000 UEC common shares at $3.05 per share. The registered direct offering, which…

WednesdayMar 17, 2021 12:27 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Releases Annual, Q4 Financial Results

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) has released its financial numbers for the three- and twelve-month periods ended Dec. 31, 2020. Fourth-quarter financial and operational highlights of the report include a 41% increase in revenues from Q4 2019 ($9 million this quarter compared to $6.4 million in 2019); a gross profit increase of 37%, from a loss in Q4 2019 to $1.6 million in Q4 2020; an increase in silver production from 259,282 ounces in Q4 2019 to 355,581 in Q4 2020, resulting in the company’s strongest quarter of silver production since 2014. Fiscal year 2020 highlights included…

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