Mining Stocks Archives - Page 168 of 216

FridayDec 03, 2021 3:30 pm

Fed Chair’s Renomination Prompts Drop in Price of Gold

Last week, the price of gold dropped below the $1,800 level as the U.S. bond yields and the dollar rose, with expectations that rates of interest will increase in 2022. This came after Jerome Powell, the current chair of the U.S. Federal Reserve, was renominated for a second term, which adds to confidence that the United States Central Bank may increase interest rates. The price of spot gold also dropped by a little more than 1% to reach $1,783.82 per ounce, which is its lowest price in almost three weeks. In New York, U.S. gold futures declined by 1.2% to…

FridayDec 03, 2021 9:00 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Marks the Successful Completion of its 2021 Ferdinand Gold Project Exploration Plan With the Discovery of Multiple Targets

Groundwork exploration kicked off in August, led by Orix Geosciences The survey revealed multiple areas of high merit and potential mineralization This complements a sediment sampling conducted back in 2001 by the Ontario Geological Survey With these results, StraightUp can now execute its right to acquire 100% interest in the property In early 2021, StraightUp Resources (CSE: ST) (OTCQB: STUPF) acquired an option to purchase the Ferdinand Gold Property in Ontario and set out to explore the property for potential mineralization (https://ibn.fm/o1XoL). Groundwork exploration kicked off in the month of August, spearheaded by Orix Geosciences. On November 29, 2021, the…

ThursdayDec 02, 2021 2:30 pm

Uranium Extractors Stare Supply Chain Issues in the Eye

Kazatomprom, a uranium producer in Kazakhstan, has decreased its expected figures for uranium production for this year because of delays in well-field exploration and development activity. The company points to supply chain issues related to the coronavirus pandemic that have had a significant impact on its schedules for production. The company’s announcement came a few days after Cameco, a Canadian-based company, also decreased its prediction for fuel services production, pointing to issues with the supply chain. For the first three quarters of this year, Kazatomprom’s production of uranium was 6% higher in comparison to the same period last year. However,…

WednesdayDec 01, 2021 2:30 pm

Battery Analytics Could Provide Energy Storage Tipping Point

As the energy sector transitions to the use of renewable energies, battery storage systems have become a crucial component in this shift. Currently, roughly 24GWh of stationary battery storage has been installed globally. This figure is set to increase significantly, as transitioning from the use of fossil fuels continues. Batteries are designed to not only supply energy but also to store the energy, which makes them suitable for numerous uses. The declining prices of batteries make them even more attractive investments. However, a changing regulatory environment that causes price fluctuation, market challenges and the technical risks involved in battery projects…

TuesdayNov 30, 2021 3:15 pm

Precious Metals Poised to Perform Well in Current Economic Environment

In a broadcast aired in October, Tavi Costa, the portfolio manager of Crescat Capital, and Kevin Smith, the company’s chief investment officer, discussed how precious metals would do well in this current “stagflationary” environment. The portfolio manager asserted that the intrinsic value of these metals was remarkable, in relation to the monetary system in the United States. Smith explained that the company used precious metals as a primary hedge with gold particularly positioned against deep valuations and inflation. Both experts believe that a rally of precious metals is on the horizon, noting that silver is on the verge of a…

TuesdayNov 30, 2021 9:30 am

As Markets Keep Wary Eye on Inflation, StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Builds Important Gold Mining Resources

The global COVID pandemic has had a significant impact on the world’s markets, but a basic optimism has generally persisted after the shock of the initial outbreak Gold continues to generate interest among investors amid concerns about inflation and the potential for consumer prices to continue in an uncontrolled climb Mineral property acquisition and exploration company StraightUp Resources is focused on potential gold production targets in Ontario, Canada, and has begun to expand its resource portfolio internationally The company’s international interests include a mine recently acquired in Nevada’s historically productive Beatty region, as well as one of the largest silver…

TuesdayNov 30, 2021 9:00 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Emerging as Leader in Growing Uranium Mining Market

Growth in the uranium mining market is attributable to increase in nuclear fuel spend, reports the Business Research Company Report also noted key factors in projected growth of space, which should reach $10.18 billion by 2020 UUUU is the leading U.S. producer of uranium, the fuel for carbon- and emission-free nuclear energy, in the country The uranium mining market is projected to reach nearly $10.18 billion next year, according to a Business Research Company report, which noted that the industry should see CAGR of 4.6% during the forecast period (https://ibn.fm/vvT93). Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest producer…

MondayNov 29, 2021 2:45 pm

Largest Alaskan Gold Nugget to Be Auctioned in December

Miners have been sourcing for gold in the state of Alaska for more than a century now, with miners discovering various-sized nuggets. The biggest gold nugget that was discovered in the state was found more than two decades ago by Barry Lloyd Clay, a gold miner from the Palmer region. This huge and rare gold nugget, which was dubbed the Alaska Centennial Nugget, has been put up for sale at an auction that is set to take place on Dec. 8, 2021. Many forecast that the nugget will be bought for no less than $1 million. The nugget was discovered…

WednesdayNov 24, 2021 1:15 pm

Billionaires Bankroll Planned Rolls-Royce Modular Uranium Reactors

BNF Capital director Sean Benson has revealed that the Perrodo family decided to invest into Rolls Royce’s small modular reactor technology plans as the energy transition will not be possible without the use of nuclear power. The billionaire French oil family, whose fortune was built on investments in gas and oil, is one-half of the pair of private backers of the aero-engine group’s plan for mini nuclear power plants. This move is part of a series of investments based on a revival for nuclear power, with Benson noting that the family believes uranium will play a crucial role in meeting…

WednesdayNov 24, 2021 8:30 am

StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Exploration and Expansion Program, A 2021 Outlook

StraightUp marked 2021 with strategic opportunities in the United States and Peru These projects were selected by management based on past exploration and proven reserves in these regions 2021 also marked the year StraightUp up-listed to the OTCQB Venture Market in the United States StraightUp is optimistic about 2022 For the 2021 fiscal and calendar year, StraightUp Resources (CSE: ST) (OTCQB: STUPF) set out on an aggressive asset acquisition plan, coupled with an exploration program that would be the highlight of the year. Thus far, it has acquired the West Cat Mine in Nevada, along with the Ferdinand Gold Project…

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