News Archives - Page 94 of 106

TuesdayMar 09, 2021 11:32 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Characteristics of Gold-Backed Crypto Token

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, today specified the characteristics of the company’s AABB Gold (“AABBG”) cryptocurrency wallet and token developed by Core State Holdings Corp. (“CSHC”). According to the update, the AABBG token is backed 100% by physical gold held by the company in several high security, private locations in Mexico. AABB will continue to back the token 100% by additional physical gold acquired from future mining production and gold purchased from cash reserves or credit. The initial token release will be backed by $30 million…

TuesdayMar 09, 2021 10:36 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) to Begin Commercial Recovery of Rare Earths in Coming Weeks

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading producer of uranium and critical minerals in the United States, today announced that the first shipments of natural monazite ore arrived this past weekend at the company's White Mesa Mill in Blanding, Utah. According to the update, the material was separated by The Chemours Company at its Offerman Mineral Sand Plant in Georgia and transported by truck to the White Mesa Mill. In the coming weeks, Energy Fuels expects to gradually ramp-up production of an intermediate rare earth element ("REE") product, called a "mixed REE carbonate," which will then advance to…

ThursdayMar 04, 2021 12:34 pm

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Issues Rio Loa Drilling Update, Prepares for First Phase Drilling at Alicia

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 that Phase I drilling continues to advance as planned at Rio Loa. According to the update, the Rio Loa project is located 25 km south of Gold Field's Salares Norte deposit (5.2 million ounces equivalent of gold scheduled to produce 450,000oz of gold per annum*) and 6 km south of Gold Field's Horizonte discovery. The GoldHaven team is actively drilling hole RCRL-003, which is currently in argillic altered limonite-rich volcanic rocks. Silicified volcaniclastic rocks with incipient…

ThursdayMar 04, 2021 11:58 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters LOI to Acquire Mexico-Based Gold Mine and Production Facilities

Asia Broadband (OTC: AABB) today announced its entry into a letter of intent (“LOI”) to acquire a historic production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. According to the update, the 200-hectare property, located near the community of Navidad, has two mine sites, existing infrastructure and a 50-ton per day processing facility operating on 25 hectares of the property. Asia Broadband has been strategically broadening its initiative to acquire gold production and increase its physical gold holdings. The company will be conducting further due diligence and continuing its negotiations to…

WednesdayMar 03, 2021 9:44 am

MiningNewsBreaks – Exro Technologies Inc. (TSX.V: EXRO) (OTCQB: EXROF) CEO Releases Integrity Statement

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 made available what it is calling an integrity statement from company CEO Sue Ozdemir. The statement was released in response to a report, which impacted EXRO stock, that was not affiliated in any way with Exro or the company’s management team. In her statement, Ozdemir noted that the report was full of inaccuracies, innuendos and outright distortions in what she called a “short seller attack” on the company. “We will not take this report lightly and…

TuesdayMar 02, 2021 12:31 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) to Present at BMO Global Metals and Mining Conference

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced that Spencer Abraham, UEC's chairman and former United States Secretary of Energy, will be speaking tomorrow, March 3, 2021, in a virtual fireside chat at the BMO Global Metals and Mining Conference. Interested parties can access Abraham's live fireside chat at 5:45 p.m. ET through the registration link at https://ibn.fm/tXw7o. In addition, a replay of the session will be made available on the BMO conference web app after the event and will be accessible to registered attendees. To view the full press release, visit…

TuesdayMar 02, 2021 9:39 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Joins with Neo Performance Materials (TSX: NEO) to Launch U.S.-European Rare Earth Production Initiative

Energy Fuels (NYSE American: UUUU) (TSX: EFR) has partnered with Neo Performance Materials (TSX: NEO) to unveil a new rare earth production initiative spanning both North American and European critical material supply chains. The separated rare earth products produced in Europe from U.S.-sourced feedstock should strengthen and diversify the U.S. and European rare earth supply chains. As outlined in the announcement, the initiative will produce value-added rare earth products from natural monazite sands processed by Energy Fuels in the Southeastern United States. The resulting mixed rare earth carbonate will be shipped to Neo’s rare earth separations facility in Estonia, where it…

ThursdayFeb 25, 2021 10:03 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Compelling 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, diamond drilling results from underground included 1,422 g/t silver equivalent ("AgEq") over 8.9 metres and 1,539 g/t AgEq over 1.6 metres. "Initial drilling from the top of the Gap Zone has returned compelling high grade results," said Ben Pullinger, SVP Geology and Corporate Development. "This sub-vertical structure connects the 623 and NE-1S mantos and represents a significant opportunity to define additional mineralization at Platosa. We also continue to define and add further…

TuesdayFeb 23, 2021 9:24 am

MiningNewsBreaks – Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Presents Completed ESIA to Argentina Governor

Josemaria Resources(TSX: JOSE) (OMX: JOSE) (OTCQB: JOSMF), a 100% owned copper-gold project with proven and probable mineral reserves of 6.7 billion pounds copper, 7 million ounces of gold, and 30.7 million ounces of silver, participated in an Environmental Social Impact Assessment (“ESIA”) completion ceremony today. During the ceremony, led by Argentine Governor Sergio Uñac, the company presented its completed ESIA. The official ceremony shows the government’s support of the company and represents a significant milestone for the company as it develops the wholly owned Josemaria copper-gold mining project, which is located in Argentina. Located in the San Juan province of Argentina,…

MondayFeb 22, 2021 9:35 am

MiningNewsBreaks – Augusta Gold Corp. (CSE: G) (OTCQB: BFGCD) (FSE: 11B) Announces Increase of Private Placement

Augusta Gold (CSE: G) (OTCQB: BFGCD) (FSE: 11B) has increased the size of its previously announced private placement; the placement will now comprise 7.56 million units offered at C$2.25 with anticipated gross proceeds of C$17.0 million. The announcement notes that each unit includes one common share of the company as well as one-half of one common share purchase warrant, with each full warrant giving its holder the right to purchase a common share at the exercise price of C$2.80 anytime over the next three-year period. Augusta Gold intends to use the net proceeds from the private placement to support and continue…

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