News Archives - Page 56 of 71

FridayApr 23, 2021 12:57 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), Penn State Receive $1.75M to Complete Rare Earth Feasibility Study

Energy Fuels (NYSE American: UUUU) (TSX: EFR), along with a team from Penn State University has received additional funds to complete an ongoing feasibility study focused on the production of rare earth element ("REE") products from natural, coal-based resources. The funds were awarded by the U.S. Department of Energy ("DOE") Office of Fossil Energy and National Energy Technology Laboratory, which provided an initial $150,000 for the study last year. The study also looks at the production of REE products from other materials such as REE-containing ores like the natural monazite ore produced at UUUU’s White Mesa Mill, located in Utah.…

ThursdayApr 22, 2021 10:29 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters LOI to Acquire Acaponeta Gold Project

Asia Broadband (OTC: AABB) today announced its entry into a letter of intent (“LOI”) to acquire a historic-production mine property in the prolific mining region of Acaponeta in Nayarit, Mexico. The high-grade acquisition target, located approximately 48 kms southeast from the city of Acaponeta and 3 kms from the town of El Carrizo, has existing infrastructure, two mine sites and a facility capable of processing 200 tons per day. The Acaponeta gold project is another prospective high-yield asset addition in Asia Broadband’s strategic expansion initiative to acquire production and increase AABB’s physical gold holdings. In the coming weeks, the company…

ThursdayApr 22, 2021 9:49 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces High-Grade Silver Drill Results at Platosa Mine

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced results from underground expansion and exploration drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported further definition and expansion of the Guadalupe North, 623, NE-1 and NE-1S mantos. Results from underground drilling include 1,293 G/t silver equivalent over 6.5 metres. "Underground drilling at Platosa continues to delineate high-grade silver," said Ben Pullinger, Excellon’s SVP of Geology and Corporate Development. "We are currently advancing development to support further drilling of the Gap Zone. As that development progresses, we are identifying areas of historical production where…

WednesdayApr 21, 2021 9:44 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Strengthens REE Position with Signing of MOU

Energy Fuels (NYSE American: UUUU) (TSX: EFR) announced that it has taken the next step in the development of a fully integrated U.S. rare earth element (“REE”) supply chain by signing a memorandum of understanding (“MOU”) with Hyperion Metals Limited. The MOU calls for Energy Fuels to receive natural monazite sands from Hyperion's Titan Project in Tennessee, which UUUU anticipates using to produce mixed rare earth element products at its White Mesa Mill in Utah. In addition, the announcement noted that the two companies have agreed to assess a potential partnership that would advance Energy Fuels’ initiative to create a fully integrated,…

TuesdayApr 20, 2021 1:57 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Promising Results During Advancement of Gold Mine Property Acquisition

Asia Broadband (OTC: AABB) today announced its receipt of mapping and rock sample assay results during the ongoing due diligence process regarding the letter of intent to acquire a historic production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. Per the Los Reyes Preliminary Geological Report, non-targeted rock samples were randomly collected throughout the property at the beginning of the due diligence procedures. Among the most significant gold values assayed were 2.53 grams per ton (g/t), 2.25 (g/t) and 2.21 (g/t). Asia Broadband is highly encouraged by these general results, which…

MondayApr 19, 2021 12:15 pm

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) Releases Assay Results from Quebec Project

First Energy Metals (CSE: FE) has announced assay results from its Augustus Lithium Property in Quebec. Derived from 24 grab and channel samples of varying lengths, assay results revealed up to 4.61% lithium oxide. The samples consisted of varying lengths and were taken from the Beluga Pegmatite Zone with a surface exposure of more than 100 meters wide and 250 m along a strike located at the Canadian Lithium Prospect. The company noted that its field crew will be consistently cutting and sampling remaining outcrops, and those results will also be available soon. Additional sample details revealed that that three out of four…

FridayApr 16, 2021 12:21 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Featured in Research Report

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, was featured in a research report by H.C. Wainwright & Co. The piece covers ongoing wellfield development and resource delineation drilling at UEC’s Burke Hollow in-situ recovery (“ISR”) uranium project in Texas, as well as its fully funded physical uranium initiative. “We are reiterating our Buy rating on UEC and our PT of $5. Our valuation remains based on a DCF of future operations for the firm, utilizing our recently revised 7.5% discount rate,” the report reads. “We then add an in-situ value of $75.0M for…

FridayApr 16, 2021 10:36 am

MiningNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) Releases Annual Shareholder Letter

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, has shared its annual shareholder letter from CEO Sue Ozdemir. The letter provides a brief overview of the company’s development in the past year, including insight into its product technology and proprietary intellectual property, as well as outlining Exro’s growing partner strategies and organizational structure. The letter noted that the company is moving its technology from development into commercialization, with a strategic plan in place that involves continued development of patents, deployment of validated technology and…

ThursdayApr 15, 2021 10:08 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) Releases Q1 Production Results from Platosa Project

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) has announced production results from its Platosa Mine located in Durango, Mexico; the results include results from first quarter 2021 compared to first quarter 2020. Highlights of the report include silver production increase of 11% to 328,747 oz. compared with 296,281 oz. in 2020, lead production increase of 11% to 2.1 million lb. compared to 1.9 million lb. in 2020, and zinc production increase of 13% to 2.4 million lb. compared to 2.1 million lb. in 2020. The announcement noted that overall production in Q1 2021 as changes and enhancements implemented…

WednesdayApr 14, 2021 10:37 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Impressive PAA-1 Results at Burke Hollow ISR Project

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced its completion of an initial 40 development holes in the first production area ("PAA-1") of its Burke Hollow ISR Project in South Texas. "We are pleased with the drilling results to date, which continue to improve our understanding of the five Goliad Formation roll fronts or trends within PAA-1," said Andy Kurrus, VP of Resource Development. "The continuity of the uranium roll fronts, and the exceptional uranium grade intercepts are impressive. The development of Burke Hollow, the only recent uranium discovery in the United…

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