MiningNewsBreaks Archive - MiningNewsWire

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…

WednesdayApr 14, 2021 10:20 am

MiningNewsBreaks – Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B) Appoints Donald Taylor as President and CEO

Augusta Gold (TSX: G) (OTCQB: AUGG) (FSE: 11B) today announced its appointment of Donald Taylor, currently serving as a director of the company, as its president and chief executive officer, effective immediately. Maryse Belanger has resigned as CEO, president and a director of Augusta Gold for personal reasons. Taylor, currently chief executive officer of Titan Mining Corporation, has extensive experience spanning 30 years in mineral exploration with precious and base metals on five continents, taking projects from exploration to mine development. He is the recipient of the Prospectors and Developers Association of Canada's 2018 Thayer Lindsley Award for the 2014…

TuesdayApr 13, 2021 4:10 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Participation in H.C. Wainwright Mining Conference, Featured in Streetwise Reports Article

Uranium Energy (NYSE American: UEC) has announced that it will be a featured presenting company at the upcoming H.C. Wainwright Spring Mining Conference, slated for April 19–20, 2021. UEC CEO Amir Adnani will present at the virtual event. His live presentation is scheduled for Monday, April 19, at 10 a.m. ET. Adnani will also be available to participate in one-on-one meetings with investors attending the conference. An archived presentation will be available on EUC’s website for 90 days after the conference. In addition, Adnani talks about the company’s business play and objectives in a recent Streetwise Reports article, noting that…

MondayApr 12, 2021 1:35 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Collaborates to End 20-Year Drought with New Initiative

Energy Fuels (NYSE American: UUUU) (TSX: EFR) has partnered with Neo Performance Materials (TSX: NEO) in an initiative that will see feedstock from the United States being used to manufacture separated rare earth (“RE”) materials outside China for the first time in over 20 years. “A leading U.S.-based uranium mining company, Energy Fuels, has been working with Neo for almost a year in a technical collaboration focused on establishing a monazite processing and RE carbonate production capacity at Energy Fuels’ White Mesa Mill plant in Utah,” reads an article detailing the partnership. “That successful collaboration has led to the current…

FridayApr 09, 2021 10:22 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Closes Direct Offering, Reports on Financial Status

Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, announced that it has closed on its recent registered direct offering. The previously announced offering included an aggregate of 3,636,364 shares of UEC common stock, sold at a purchase price of $3.30 per share, for potential gross proceeds of $12 million for the company. The offering was sold according to an April 5, 2021, securities purchase agreement made with institutional investors. Following the closing, UEC reported that it currently has more than $110 million in cash, equity and inventory holdings; the announcement noted that with the closing UEC’s physical uranium…

TuesdayApr 06, 2021 12:28 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Secures Over $1M in Gold-Backed Crypto Sales in Two Weeks Following Launch

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, today announced that it has recorded over $1 million in AABBG Gold Token sales within the first two weeks after the token became available for sale on March 22. According to the update, the initial two weeks of token sales have allowed the company’s AABBG token developer, Core State Holdings Corp. (“CSHC”), to monitor and refine the information and transaction processing to validate token sales operations. With the sales verification phase now complete, Asia Broadband is proceeding to implement an international…

TuesdayApr 06, 2021 11:17 am

MiningNewsBreaks – Perpetual Industries Inc. (PRPI) Announces Completion of Software System Acquisition

Perpetual Industries (OTC: PRPI), an incubator for the development of innovative, energy-efficient technologies aimed at commercializing products that have the potential to impact and advance a wide range of industries on a global scale, has completed its acquisition of the AutoGrafic Software System. AutoGrafic is a software as a service (SaaS) and social application that uses cutting-edge technology to host a myriad of aspects for automotive promotion and preservation. The software is designed for global collector car and automotive enthusiasts and enables a unique, multifaceted, interactive automotive experience focused on a visual-based social community; the software also provides collection management,…

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