News Archives - Page 53 of 71

WednesdayJul 21, 2021 12:08 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Provides Update on Mining Properties, Facilities

Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, released an update on its mining properties and facilities. AABB is focusing its efforts in parts of Mexico where the company has a comparative advantage of development resources and expertise readily available, enabling the rapid expansion and duplication of previous gold production success. The company observed that in 2020 it had explored a property diversification initiative and pursued several potential development projects, including a gold property in Colombia and a lithium property in Mexico; the company has determined that…

WednesdayJul 21, 2021 9:43 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Historically High Productivity Rates for Platosa Mine

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced second quarter 2021 production results from the Platosa Mine in Durango, Mexico. Among the highlights, the company reported silver equivalent (“AgEq”) production of 487,009 oz. In addition, Platosa achieved its fourth consecutive quarter of over 21,000 tonnes mined and milled, with record tonnes mined (86,316) and milled (88,648) over the trailing twelve months. “Platosa delivered a fourth consecutive quarter of production at historically high productivity rates,” said Brendan Cahill, president and CEO of Excellon Resources. “We continue to see room for improvement, with our ongoing work to improve recoveries at…

TuesdayJul 20, 2021 10:45 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Impressive Drill Results at Augustus Lithium Property

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole LC21-22 at its Augustus Lithium Property in Quebec, Canada. According to the update, the drill hole intersected a 10.5-meter-wide zone with 1.22% lithium oxide (“Li 2 O”) at 69 metres (“m”) drilled depth. There are additional anomalous values of other rare metals, including average values of niobium (“Nb”) 65 parts per million (“ppm”), rubidium (“Rb”) 967 ppm, tantalum (“Ta”) 83 ppm, beryllium (“Be”) 187 ppm, cesium (“Cs”) 39.9 ppm, and iron (“Fe”) is 0.42. The company reported that there is an…

ThursdayJul 15, 2021 11:31 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), International Consolidated Uranium Inc. (TSX.V: CUR) (OTCQB: CURUF) Announce Acquisition, Strategic Alliance

Energy Fuels (NYSE American: UUUU) (TSX: EFR) and International Consolidated Uranium Inc. (TSX.V: CUR) (OTCQB: CURUF) today announced that CUR has entered into a definitive asset purchase agreement with certain wholly owned subsidiaries of Energy Fuels (collectively, the “EF parties”). Under the agreement, CUR will acquire a portfolio of conventional uranium projects located in Utah and Colorado (the “projects”) from the EF parties (collectively, the “transaction”). In connection with the closing of the transaction, the companies have also agreed to enter into toll-milling and operating agreements with respect to the projects, which positions CUR as a potential near-term U.S. Uranium producer subject to…

WednesdayJul 14, 2021 10:06 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces 1.35% Drilling at Its Quebec Property Drill Hole

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has released results of drill hole LC21-003 at its Augustus Lithium Property in Quebec, Canada. The announcement stated that the drill hole intersected a six-meter-wide zone with 0.62% lithium oxide (“Li2O”) at 45 meters in depth; the hole included a two meter-wide wide intersection with 1.35% Li2O at 48 meters depth. In addition, a second two-meter-wide pegmatite intersection assayed 0.63% Li2O at 73 meter depth. First Energy noted that its trenching and sampling program is still underway. The company stated that several historical drill hole collars were located throughout the Augustus Lithium Property,…

TuesdayJul 13, 2021 12:23 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Completion of Share Retirement, 120M Reduction in Total Outstanding Shares

Asia Broadband (OTC: AABB) today announced that its management and board of directors recently completed the retirement and return of 120 million restricted common shares to the company treasury. According to the update, the reduction in the total outstanding company shares was 13 million more than the 107 million share reduction previously approved and announced in May. Asia Broadband’s initiative to create shareholder value led to the agreements with several third-party shareholders to retire the 120 million shares. In addition, AABB expects to retire more shares to its treasury in the near future with the ongoing plans to continue the…

WednesdayJul 07, 2021 10:10 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Begins Shipping Rare Earths Materials to Europe in Key Supply Chain Move

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, announced that it has shipped the first container of mixed rare earth (“RE”) carbonate from its White Mesa Mill in Utah to Neo Performance Materials in Estonia, thus creating a new rare earth supply chain from the United States to Europe. The container, which contained approximately 20 tonnes of RE carbonate, is one of 15 planned for shipment as Energy Fuels continues to process natural monazite sand ore mined in the U.S. Once the RE carbonate arrives at the New Performance Materials plant, it will be…

WednesdayJun 30, 2021 10:45 am

MiningNewsBreaks – Gratomic Inc. (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) Prepares for Pioneering Move to Begin Commodity Trading on TM2

Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) today announced that it will soon begin trading graphite on the metals exchange platform Technology Metals Market ("TM2"). TM2 has officially launched the world's first technology metals marketplace in partnership with NASDAQ, providing access to high-value metals that power technology globally. According to the update, Gratomic continues the development of its M97 graphite product and the commissioning of its Aukam processing plant as scheduled. A versatile and customizable graphite product, M97 can be used for various applications. Upon completion of M97 development and commissioning of the Aukam facility, the company will begin supplying…

TuesdayJun 29, 2021 10:10 am

MiningNewsBreaks – Gratomic Inc. (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) Completes Acquisition Agreement Regarding Aukam Property

Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82), has finalized a definitive agreement outlining its acquisition of Next Graphite Inc.’s 37% interest in Gazania Investments Two Hundred and Forty Two (Proprietary) Limited, a Namibian company that holds licenses on the Aukam property. According to the agreement, which was first announced in November 2020, Gratomic will hold 100% of the rights and interests in the Aukam Mining License and exploration License. Next Graphite noted that combining the interests in Aukam provides an opportunity to optimize the potential of Aukam and allow Next Graphite shareholders to participate in the success of Gratomic; the…

MondayJun 28, 2021 1:01 pm

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Options Gold-Copper Endowed Project in Sought-After Metal Belt

GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, today announced its entry into an earn-in agreement. Under the agreement, GoldHaven may earn a 100% interest in the 4,190-hectare Smoke Mountain copper-gold property located in central British Columbia approximately 60 kilometers southwest of Houston and 23 km north-northwest of Imperial Metals Corporation’s copper-molybdenum-silver Huckleberry Mine. Per the update, the property is accessible via a series of gravel forest service roads off Highway 16. “The Smoke Mountain Project provides GoldHaven’s shareholders with access to a gold-copper endowed project…

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