News Archives - Page 25 of 71

ThursdayJan 04, 2024 12:09 pm

MiningNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Announces Acquisition of Louisiana Facility for Future REE Processing Plant

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has acquired an 80,800-square-foot brownfield facility in Alexandria, Louisiana. The company plans to use the structure, which is located on a 10-plus acre industrial parcel, for the development of its first commercial rare earth element (“REE”) processing facility. According to the announcement, Ucore has entered into a multidecade lease for the property with the England Economic and Industrial Development District (“EEIDD”). The facility is situated at the England Airpark, which is a former Air Force base dedicated to generating economic development in central Louisiana. Ucore…

FridayDec 29, 2023 11:53 am

MiningNewsBreaks — Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Releases Shareholder Letter Reviewing Year

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a publicly traded Canadian company in the rare earth element and uranium sectors, has released an end-of-year letter for its shareholders. Signed by company president Stephen Burega, the letter reviewed the year’s successes and achievements for the company. Highlights of the letter included the company’s expansion into Brazil through an earn-in agreement to acquire up to 70% interest in the PCH Ionic Adsorption Clay project in Goiás State; the hiring of of SGS Geological Services, led by Marc-Antoine Leporte, to prepare a Mineral Resource Estimate (“MRE”) on its high-grade Ionic…

ThursdayDec 28, 2023 10:39 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), Astron Corp. Enter MOU to Develop Australia-Based REE and Mineral Sands Project

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REE”) and vanadium, has entered into a nonbinding Memorandum of Understanding (“MOU”) with Astron Corporation Limited to jointly develop the Donald Rare Earth and Mineral Sands Project in Victoria, Australia. According to the MOU, Energy Fuels has exclusive rights through March 1, 2024, to conduct due diligence on the project and negotiate definitive and binding agreements regarding the joint venture. The agreement outlines plans for Energy Fuels to invest approximately $122 million to earn a 49% interest in the venture and to issue $17.5…

WednesdayDec 27, 2023 3:00 pm

MiningNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Comments on China Ban on Export of REE Tech, Notes Company’s REE Focus Is of ‘Increasing Strategic Importance’

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has released comments regarding the ban by China on the export of technology for the processing of rare earth elements (“REEs”). According to the statement, China announced a ban last week on the export of technology to produce REE permanent magnets and also confirmed its existing ban on technology associated with the separation of REEs. In the announcement, Ucore noted the Asian country’s “virtual monopoly” on the processing of heavy rare earth elements such as dysprosium, observing that Ucore’s current $4 million contract with…

ThursdayDec 21, 2023 3:26 pm

MiningNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Completes Final Stage of Demo Plant Commissioning, Begins DOD Demonstration Program

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has completed the third and final stage of planned commissioning procedures at the company's RapidSX(TM) Commercial Demonstration Plant; the company has also begun the U.S. Department of Defense (“DoD") demonstration program. The demo plant is situated at Ucore's 5,000-square-foot RapidSX Commercialization and Demonstration Facility in Kingston, Ontario; the facility is operated by Ucore's commercialization partner, Kingston Process Metallurgy Inc. “Since early this year, the company has been testing, adjusting and optimizing its 52-stage demo plant to meet its RapidSX commercialization and demonstration deployment objectives…

ThursdayDec 21, 2023 2:48 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Commences Production at Three US Uranium Mines

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REE”) and vanadium, has begun uranium production at three of its permitted and developed uranium mines in response to strong uranium market conditions; those mines are located in Arizona and Utah. The company is also preparing two additional mines in Colorado and Wyoming for expected production within the next year while advancing permitting on several other large-scale U.S. mine projects in order to increase uranium production in the coming years. According to the announcement, nuclear energy is increasingly being recognized as a clean-energy resource around the world, with many buyers…

ThursdayDec 21, 2023 2:34 pm

MiningNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Announces Settlement Agreement over Termination of Strategic Alliance

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) has announced that, further to its news release of Feb. 13, 2023, it has settled the claim brought by Barrick Gold Corporation (NYSE: GOLD) on a mutually acceptable basis. According to the update, the company and Barrick have agreed that the strategic alliance agreement entered into by them on Feb. 3, 2019, has been terminated. The parties have no outstanding obligations under the agreement, and there are no properties subject to the agreement. A consent dismissal order will be entered in the Ontario Superior Court to dismiss the claim. To view the full press…

WednesdayDec 20, 2023 1:23 pm

MiningNewsBreaks – GEMXX Corporation (GEMZ) Amends LOI Closing Deadline, Plans Implementation of Pilot Mine on Yukon Gold Property

GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment, continues to make progress in its assessments quantifying the proven and potential gold resources on the Yukon Gold property. Currently GEMXX is working closely with the project’s current owners to implement a work plan calling for a pilot mine as soon as weather permits in 2024. With that in mind, the company announced that the closing deadline in the original letter of intent (“LOI”) has been extended. The company believes that the project represents a valuable asset and a return on investment (“ROI”) with proven resources of 2.2 million…

MondayDec 18, 2023 12:03 pm

MiningNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Launches Redesigned Corporate Website

Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0) today unveiled its new corporate website, which better presents project milestones and company information. The newly designed site includes a dedicated projects landing page, updated corporate presentation and fact sheet that prominently highlights the substantial strides Appia has made on its rare earth element (“REE”) and uranium projects in Canada and REE Ionic Adsorption Clay (“IAC”) project in Brazil, providing insights into both current and historical endeavors. “Our website redesign is not just about aesthetics; it’s a window into the depth of our commitment and progress,” said Tom Drivas, CEO of Appia Rare…

MondayDec 18, 2023 10:51 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports ‘Encouraging’ Results from Definition Drill Program at Iska Iska Project

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, is reporting on the first assay results from five of the 11 drill holes in its current definition drill program at the Iska Iska silver-tin polymetallic project, which is situated in southwestern Bolivia. According to the announcement, the drill hole results are “most encouraging” because they demonstrate substantive higher-grade intervals, especially for silver, in the potential starter pit mineral resource area, which may now be potentially upgraded and expanded. The definition diamond drill program is focused on upgrading and expanding the higher-grade Polymetallic (“Ag-Zn-Pb”) Domain Type inferred…

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