News Archives - Page 60 of 83

WednesdayMar 16, 2022 10:23 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases 2021 Financial, Corporate Report

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has released its financial results and corporate update for the year ended Dec. 31, 2021. Highlights of the report include the company’s net income of $1.5 million for 2021 along with a strong balance sheet showing $143.2 million in working capital, including $113 million of cash and marketable securities, $30.8 million in inventory and no short-term or long-term debt. According to the announcement, the company’s Dec. 31, 2021, product inventory would be valued at more than $60 million based on current commodity prices. The report noted that prices for all commodities produced…

TuesdayMar 08, 2022 2:14 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), IperionX Collaborate on Rare Earth Mineral Production

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has undertaken laboratory evaluation of rare earth mineral concentrates, including monazite and zenotime, from IperionX Limited’s Titan Project located in west Tennessee. The evaluation indicated that IperionX’s rare earth minerals are suitable as a high-quality feedstock to supply UUUU’s commercial production of mixed rare earth carbonate. Energy Fuels also indicated that it plans to build solvent extraction (“SX”) rare earth separation infrastructure at its mill moving forward, which means the facility could produce separated rare earth oxides from high-quality feedstocks such as the rare earth…

MondayMar 07, 2022 11:45 am

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Signs Purchase Option Agreement for Ranger/Otter Project

StraightUp Resources (CSE: ST) (OTCQB: STUPF), a public company engaged in the business of mineral exploration and the acquisition of mineral property assets in North America, has entered into a purchase option agreement with 1544230 Ontario Inc. The agreement, entered into on behalf of Perry English and Gravel Ridge Resources Ltd., gives StraightUp Resources the exclusive right and option to acquire an undivided interest in the Ranger/Otter mining project, which is located in Red Lake, Ontario. According to the announcement, the agreement is subject to a 1.5% net smelter returns royalty. The agreement also notes that StraightUp Resources has the…

WednesdayFeb 09, 2022 12:51 pm

MiningNewsBreaks – Joshua Gold Resources Inc. (JSHG) to Identify Potential Drill Targets at Seymour Lake Extension Property

Joshua Gold Resources (OTC: JSHG), an American gold and mineral exploration company headquartered in Canada, today announced that it will be conducting a Drone Magnetometer Survey on its 100% owned Seymour Lake Extension property. JSHG is commencing the survey in order to pinpoint potential lithium (“Li”) drill targets at its property situated in northwestern Ontario within the Caribou-Marshall Lake Greenstone Belt. The Seymour Lake Extension property is adjacent to Green Technology Metals’ Seymour Lake lithium deposit, estimated to contain 2 to 3 million tons of 1.25% lithium. “With the global surge in electric vehicle production, lithium prices have exploded as…

WednesdayFeb 09, 2022 12:11 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Results from Diamond Drilling Campaign

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has shared the results from a diamond drilling campaign conducted last year as part of its ongoing exploration program at the Silver City project in Saxony, Germany. With 24 diamond drill holes completed on the program to date, highlights from the drilling include news that the step-out drilling intersected significant silver mineralization at four targets and that the historical data review, structural and geological modelling, and soil sampling and prospecting is in progress on the Bräunsdorf license. Excellon is also planning additional soil lines for the Oederan, Mohorn and Frauenstein licenses to be…

TuesdayJan 18, 2022 11:11 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Production Results for Q4, FY2021

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has shared production numbers for its Platosa Mine project, located in Durango, Mexico. Highlights of the report note that compared to 2020, silver equivalent production has increased 25%, from 1.6 million AgEq oz. to 2 million AgEq oz; that number specifically comes from an increase in silver, lead and zinc production throughout 2021. For the fourth quarter, AgE1 production decreased 12% compared to 2020 overall. Despite that decline, the announcement noted that consistent throughput continued during Q4, which was the sixth consecutive quarter of more than 20,000 tons mined and milled from…

ThursdayJan 13, 2022 2:33 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Announces Receipt of Early Exploration Permit for RLX North Property

StraightUp Resources (CSE: ST) (OTCQB: STUPF), a public company engaged in the business of mineral exploration and the acquisition of mineral property assets in North America, has received an early exploration permit from the Ministry of Northern Development and Mine, Natural Resources and Forestry (“NDMNF”). The permit, which is effective for three years, allows the company to conduct mechanized drilling and ground geophysical surveys that require a generator. The permit covers the company’s RLX North Property, which is located in the Red Lake Greenstone Belt of northwestern Ontario, and which has been identified as a high-priority exploration target. StraightUp has…

ThursdayJan 13, 2022 12:47 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Results from Platosa Drilling

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has announced results from its latest underground drilling at the Platosa Mine in Durango, Mexico. The follow-up drilling was conducted on the 817 Zone below Manto 623. Results defined a zone of high-grade silver mineralization with highlights including the following: 2,490 g/t silver equivalent over 2.9 meters and 5,089 g/t AgEq over 0.4 meters in EX21UG761; 3,905 g/t AgEq over 1.8 meters) in EX21UG760; 2,124 g/t AgEq over 2.8 meters in EX21UG812; 4,939 g/t AgEq over 0.9 meters in EX21UG769; and 3,158 g/t AgEq over 1.0 meters (2,956 g/t Ag, 6.1% Pb and…

TuesdayJan 11, 2022 3:05 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Expands Proprietary Crypto Exchange with New Trading Pairs

Asia Broadband (OTC: AABB) today announced that it has incorporated additional trading pairs in its proprietary cryptocurrency exchange (the “Exchange”) within the AABB Wallet. To access the desktop version of the AABB Exchange, visit https://ibn.fm/tWS5H.The Exchange was launched several weeks ago in its initial phase to optimize stability, functionality and integration of the various component modules and features. Users can now place buy and sell orders to execute cryptocurrency trades for an expanded number of trading pairs available on the Exchange platform. In collaboration with Asia Broadband’s digital assets developer, the continued roll out of the Exchange components in the…

ThursdayJan 06, 2022 9:37 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Update on Company Operations, Explorations

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has shared an overview of its operations. The update includes information regarding EXN’s Platosa project as well as other upcoming exploration plans; the company stated that additional updates would be forthcoming. The company noted that last year the Platosa mine and the Miguel Auza mill produced four quarters of stable production at record rates, with final numbers for 2021 expected in the next few weeks. In addition, the company has identified strategic exploration plans for each of its projects — Platosa, Evolución, Kilgore and Silver City — in 2022; Excellon is also evaluating other corporate…

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