News Archives - Page 20 of 52

WednesdayMay 24, 2023 2:28 pm

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Updates Regarding Assay Results, Projects

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) is reporting on assay results from its Ontario-based Sothman Property and status on its other projects. Highlights of the assay results indicate that long, shallow mineralized intervals have been reported at both Sothman and Midlothian, with Sothman returning 319 meters of 0.29% nickel starting at 15 meters in East Zone and Midlothian returning 343 meters of 0.28% nickel starting at 2 meters. In addition, high-grade mineralization has been confirmed at Sothman within larger mineralized intervals. “Our regional exploration program successfully continues to deliver positive results, as we add Mann Northwest to the string of…

WednesdayMay 24, 2023 2:11 pm

MiningNewsBreaks — Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) CEO to Present at Upcoming Conference

Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2), a mineral exploration company based in British Columbia, will be participating in the Benchmark Mineral Intelligence Gigafactory Conference. The two-day event will be held June 8–9, 2023, Washington, D.C. The company announced that CEO Paul Gorman will be a panel member during a session focused on the graphic supply chain. Recognized as a premier event for industry professionals, government leaders, investors and key stakeholders in the electric vehicle (EV) and energy storage sectors, the Benchmark Mineral Intelligence Gigafactory Conference is hosted by Benchmark Mineral Intelligence, the world's leading provider of independent…

WednesdayMay 24, 2023 1:58 pm

MiningNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Payment of Senior Secured Debt, 39% Debt Reduction

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has taken a significant step in reducing its debt. The company has repaid $25 million of its senior secured debt; the payment was made to Sprott Resource Lending, resulting in Sprott no longer being a lender to the comp in senior secured debt along with a $15 million unsecured promissory note for a total debt of $65 million. Following the repayment to Sprott, the company noted that its senior secured debt had been amended and restated to total $40 million, with a monthly interest at 9.75%…

TuesdayMay 16, 2023 1:34 pm

MiningNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTC: RFLXF) (FWB: HF2) Enters Strategic Partnership with LSTM

Reflex (CSE: RFLX) (OTC: RFLXF) (FWB: HF2) today announced a partnership with Lone Star Tech Minerals (“LSTM”), a Texas-based graphite and industrial minerals marketing consulting firm, which will assist Reflex with competitive analysis, market research and marketing strategies. Under the partnership, LSTM will provide Reflex with a strategic production and marketing plan. “We are excited to partner with Lone Star Tech Minerals and leverage their marketing and technical experience,” said Paul Gorman, CEO of Reflex Advanced Materials Corp. “Lone Star’s extensive knowledge of the CSPG industry will be invaluable as we aim to deliver high-quality, custom graphite products to a…

FridayMay 12, 2023 2:43 pm

Nuclear Physicists Discover New Uranium Isotope

Nuclear physicists associated with different institutions in Japan and their colleague from South Korea have found a new uranium isotope. In the past few decades, nuclear physicists have discovered that finding the properties of isotopes rich in neutrons is challenging, because of the problems caused by their creation. This has prompted some studies to focus on finding new ways to synthesize the isotopes under laboratory conditions. For this recent study, the team of researchers used a new approach that involved using an isotope separation system to fire a sample nuclei of uranium-238 at a sample nuclei of platinum-198. These interactions…

WednesdayMay 10, 2023 1:47 pm

MiningNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Issues Corporate Update, Extends Term of Outstanding Convertible Debentures

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) today provided a corporate update and announced that it intends to extend the term of certain outstanding convertible debentures, which currently have a maturity date of May 31, 2023. According to the update, the debentures were originally issued in May of 2020, with a three-year term. On May 21 and 29, 2020, Ucore issued 1,280 and 1,520 convertible debentures respectively, with a face value of $1,000 each for total gross proceeds of $2.8 million. These unsecured debentures bear interest at a rate of 7.5% payable semi-annually and mature on May 31, 2023. Per…

WednesdayMay 10, 2023 1:29 pm

MiningNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTC: RFLXF) (FWB: HF2) Confirms High Density Graphite Material at Ruby Project

Reflex (CSE:RFLX) (OTC: RFLXF) (FWB: HF2) today announced results of preliminary metallurgical findings for its natural vein graphite at its Ruby Graphite deposit located in southwest Montana. Initial testing conducted by American Energy Technologies Company (“AETC”) enabled measuring of the specific surface area, which had values of less than 5 m 2 /g, indicative of graphite material with very low porosity, a prerequisite of high-density graphite. “We are very pleased that graphite material was left on the Ruby property from original mining operations in the 1940s, enabling us to evaluate the material using modern metallurgical techniques,” said Paul Gorman, CEO…

TuesdayMay 09, 2023 1:58 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Q1 2023 Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) yesterday reported its first quarter (Q1) results for the period ended March 31, 2023. “This quarter we completed a series of large financing transactions involving shares of our McEwen Copper subsidiary, which has increased the market value attributable to our copper business to $550 million (for 100%) from $257 million at the conclusion of the prior financing round in August 2022. As 52% owner, McEwen Mining shareholders are benefitting from this value accretion, which validates the strategy we set out in July 2021 to surface value from Los Azules by funding it independently,”…

MondayMay 08, 2023 12:51 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Issues Exploration Update for Stock Property

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported assay results from three zones at the Stock Property, part of the Fox Complex near Timmins. According to the update, results from eight near-surface holes close to high-grade intersections in hole SM22-110 that included 264.5 g/t gold (Au) over 2.7 meters (m) returned attractive grades up to 18.9 g/t Au over 9.4 m. Drill holes were also completed in the lower portion of the Stock Mine Extension Trend, where recent deeper drilling was designed to expand lenses of mineralization in proximity to the Stock Mine. The lenses could represent early mining…

MondayMay 08, 2023 11:50 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases Q1 2023 Financial, Corporate Report, Announces Earnings Call

Energy Fuels (NYSE American: UUUU) (TSX: EFR) is reporting on its financial results for the quarter ended March 31, 2023; the company also announced that it will host an earning conference call and webcast on May 9, 2023. According to the report, Energy Fuels sold 300,000 pounds of uranium resulting in a gross margin of 58% and 79,344 pounds of vanadium totaling a 37% gross margin of 37%; the company also sold its Alta Mesa property for a total gain of $116.45 million. The report showed that UUUU’s working capital grew with total assets increasing and total liabilities decreasing. Other highlights…

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