Mining Stocks Archives - Page 134 of 159

FridayMar 26, 2021 12:15 pm

Lithium Prices Still on Rise in 2021

Benchmark Mineral Intelligence recently released an assessment that showed how the price of lithium had risen significantly in China, driven by the heavy demand for lithium iron phosphate (“LFP”) batteries. Benchmark, which is a battery supply chain research and price reporting agency, found that the mid-March midpoint price for battery-grade lithium carbonate had increased by 88% since the start of 2021 to more than $12,600/ton. This is the highest level recorded since March 2019. In its new report, the agency reveals that some transactions were completed as high as $13,400 with signs of a market shortage showing as suppliers run…

ThursdayMar 25, 2021 3:08 pm

Vision Blue Resources Launches $300M SPAC Focused on Becoming Battery Metals Giant

Mick Davis, who is the former CEO of Xstrata, recently founded Vision Blue Resources, a battery metals investment firm whose objective is to become a battery metals giant. The company recently launched a $300 million SPAC (special-purpose acquisition company). Last week, ESM Acquisition Corp, co-sponsored by the Energy and Minerals Group, a private equity mining investor and VBR, made its debut on the U.S. market. The company seeks to invest in mining projects that are engaged in the production of minerals required by electric vehicles and other green energy technologies. The objective is to use ESM to look for bigger…

WednesdayMar 24, 2021 12:30 pm

Poll Finds M&A Activity in the Mining Sector Will Grow Due to Covid-19 Effects

The mining industry may soon experience an increase in merger and acquisition activity, especially with overhauling of balance sheets and strong commodity prices, according to a recent poll. Verdict carried out a poll that analyzed how the coronavirus pandemic, which impacted different sectors and many economies around the world, will affect M&A activity within the natural resource sector. An analysis of the results from the poll show that the coronavirus pandemic will grow M&A activity in the natural resources sector, which 39% of the poll respondents agreed upon. Of the remaining 61%, 34% of the poll’s respondents were of the…

TuesdayMar 23, 2021 3:00 pm

Report Suggests That Europe Trailing Behind in Battery Metal Production

Last week, Aperio Intelligence released a report on battery metal production that predicts a significant growth in the demand for raw materials for the e-mobility sector in Europe by 2025. The report reveals that local producers may not be able to meet this increase in demand. According to the report, in 2019, Europe produced roughly 750,000 electric vehicles (“EVs”). This total is set to increase to by more than 4 million electric vehicles by 2025. This corresponds to a growth from 4% of market share in 2019 to 22% market share in 2025. Aperio Intelligence states that this growth in…

MondayMar 22, 2021 10:30 am

US Companies Eye Copper Resources in Colombia

Colombia is working on decreasing its dependence on coal and oil by developing copper deposits in advance of a predicted increase in the demand for metals that are used in rechargeable batteries. The country’s authorities plan to grant five copper exploration blocks before the end of June in the La Guajira and Cordoba provinces, where the majority of the country’s coal is mined. Diego Mesa, the country’s mines and energy minister, stated that in addition to companies that are already operating locally in the country, Canadian and United States juniors are interested in copper extraction in the country. Offered incentives…

FridayMar 19, 2021 1:00 pm

Sprott Mining Sells Gold Mine in Nevada to First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (Frankfurt: FMV)

First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (Frankfurt: FMV), a Canadian silver-mining company, is purchasing the Jerritt Canton gold mine located in Nevada’s Elko County from Sprott Mining. First Majestic Silver is buying the mine for 5 million share purchase warrants and $470 million in shares. As part of the sale agreement, Eric Sprott, the president of Sprott Mining, will conclude a $30 million private place investment in First Majestic Silver. First Majestic revealed that it had identified opportunities to help increase the mine’s production and cost profile. Jerritt Canyon was found decades ago in 1972 and began production…

ThursdayMar 18, 2021 1:52 pm

GoldHaven Resources Group (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Starts Drilling Campaign at Promising Rio Loa Project

Drilling at GOH’s Rio Loa Project begins; major milestone in development to unlock potential of area Based on proximity to nearby top-producing projects, GoldHaven anticipates Rio Loa could deliver impressive drill results GoldHaven’s high-priority projects, unique land position are starting to yield attractive targets GoldHaven Resources Group (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a Canadian junior exploration company active in the Maricunga Gold Belt of Northern Chile, has mobilized a drill crew and commenced drilling its 5,000 meter Phase 1 drill campaign at Rio Loa (https://ibn.fm/n18yj). “This is a major milestone in our development to unlock the potential of our 251-square-kilometer Maricunga district…

ThursdayMar 18, 2021 1:32 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) May Be “Best Untold Clean-Energy, Sustainability Story,” Says CEO

UUUU committed to industry-leading recycling programs; dedicated to sustainability Company helping address some of world’s most daunting health, environmental issues: air pollution and climate change Energy Fuels’ sustainability report tells story of company’s commitment to human rights and corporate and social responsibility As one of the nation’s largest producers of uranium and critical minerals, Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) places a high priority on environmental responsibility and sustainability. The company’s recently published Sustainability Report outlines its commitment to a number of initiatives, including producing many of the raw materials that make clean energy and advanced technologies possible…

ThursdayMar 18, 2021 1:25 pm

Australian Indigenous Group Introduces Scorecard to Rate ESG Performance of Mining Companies

The Wintawari Guruma Aboriginal Corp. (“WGAC”) recently publicized its plans to issue a scorecard that rates miners in Western Australia on how well they observe the ESG (environmental, social and governance) standards. The scorecard focuses on the following elements: ESG reporting, relationships with native title holders, caring for the environment, regulatory compliance and heritage surveys. The company speaks for the Eastern Guruma area, which is located in the Pilbara region and is rich in iron ore. The company hopes that its idea will highlight the importance of ESG standards for both the public as well as investors. This development comes…

WednesdayMar 17, 2021 2:50 pm

Uranium Energy Corp. (NYSE American: UEC) Chairman and Former U.S. Energy Secretary: A Renaissance Coming for Nuclear Energy Under New Administration

Currently, nuclear power is the nation’s 2nd largest source of electricity production, providing 20% of the nations’ total generation As a result of its carbon-free, emission free attributes, nuclear power is likely to grow with the new Administration’s clean energy initiatives, including those supporting a transition to more EV’s Nuclear energy is America’s largest source of carbon-free energy and its largest source of baseload power that isn’t a fossil fuel source UEC has a near-term production profile of 4 million pounds U3O8 per year via its low cost, environmentally friendly In-Situ Recovery (“ISR”) projects in Texas and Wyoming With every…

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