MiningNewsBreaks Archive - MiningNewsWire

TuesdayAug 03, 2021 11:02 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Results of Augustus Lithium Drill Hole

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has announced the results of drill hole LC21-15 from its Augustus Lithium Property in Quebec, Canada. According to the announcement, the drill hole intersected a four-meter-wide zone with 1.27% lithium oxide at 62 meters drilled depth. The study indicated anomalous values of other rare metals: niobium, 100.45 parts per million (“ppm”); rubidium, 29.73 ppm, tantalum, 169.13 ppm; beryllium, 335.75 ppm; cesium, 36.48 ppm. The study noted that all Reported intersections were based on drilled width and hadn’t been converted to true width. FEMFF’s drill program is based on historical…

MondayAug 02, 2021 9:45 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases Q2 2021 Financial Report, Schedules Results Webcast

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has reported second-quarter financial results for the period ended June 30, 2021. Noteable numbers include the announcement that UUUU has $98.8 million — $79.4 million in cash and marketable securities and $29.2 million in inventory — working capital and that the company saw a net loss of $10.8 million, which included a non-cash, mark-to-market increase in warrant liabilities of $3.6 million resulting from a significant increase in the company’s share price. The report also noted that Energy Fuels is ready to provide uranium for the proposed U.S. Uranium Reserve once it is established by…

ThursdayJul 29, 2021 10:47 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Strategic Alliance Focused on Recovery of Isotopes Needed for Emerging Cancer Therapeutics

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, is partnering with RadTran LLC to evaluate the recovery of thorium, and potentially radium, from UUUU’s existing rare earth carbonate and uranium process streams for use in producing medical isotopes for emerging targeted alpha therapy (“TAT”) cancer therapeutics. The partnership is outlined in a strategic alliance agreement and has the potential to develop commercial technologies and sources of isotopes needed for a new domestic medical supply chain. RadTran is a Colorado-based tech-development company working on closing critical gaps in the procurement of medical isotopes for…

WednesdayJul 28, 2021 11:10 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Progress of Silver City Drilling Program

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today provided an update on the ongoing drilling program at the Silver City Project located in Saxony, Germany. Among the highlights, the company reported smooth commencement of drilling at the first of four priority targets of the 12,000-metre diamond drilling program planned for 2021. In addition, a second drill rig was added to the program, with drilling now underway at the Peter Vein (Neue Hoffnung Gottes) and Bräunsdorf (Christbescherung) targets. “We have had another smooth startup of drilling at Silver City this year,” said Ben Pullinger, SVP Geology & Corporate Development.…

WednesdayJul 21, 2021 12:08 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Provides Update on Mining Properties, Facilities

Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, released an update on its mining properties and facilities. AABB is focusing its efforts in parts of Mexico where the company has a comparative advantage of development resources and expertise readily available, enabling the rapid expansion and duplication of previous gold production success. The company observed that in 2020 it had explored a property diversification initiative and pursued several potential development projects, including a gold property in Colombia and a lithium property in Mexico; the company has determined that…

WednesdayJul 21, 2021 9:43 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Historically High Productivity Rates for Platosa Mine

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced second quarter 2021 production results from the Platosa Mine in Durango, Mexico. Among the highlights, the company reported silver equivalent (“AgEq”) production of 487,009 oz. In addition, Platosa achieved its fourth consecutive quarter of over 21,000 tonnes mined and milled, with record tonnes mined (86,316) and milled (88,648) over the trailing twelve months. “Platosa delivered a fourth consecutive quarter of production at historically high productivity rates,” said Brendan Cahill, president and CEO of Excellon Resources. “We continue to see room for improvement, with our ongoing work to improve recoveries at…

TuesdayJul 20, 2021 10:45 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Impressive Drill Results at Augustus Lithium Property

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole LC21-22 at its Augustus Lithium Property in Quebec, Canada. According to the update, the drill hole intersected a 10.5-meter-wide zone with 1.22% lithium oxide (“Li 2 O”) at 69 metres (“m”) drilled depth. There are additional anomalous values of other rare metals, including average values of niobium (“Nb”) 65 parts per million (“ppm”), rubidium (“Rb”) 967 ppm, tantalum (“Ta”) 83 ppm, beryllium (“Be”) 187 ppm, cesium (“Cs”) 39.9 ppm, and iron (“Fe”) is 0.42. The company reported that there is an…

ThursdayJul 15, 2021 11:31 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), International Consolidated Uranium Inc. (TSX.V: CUR) (OTCQB: CURUF) Announce Acquisition, Strategic Alliance

Energy Fuels (NYSE American: UUUU) (TSX: EFR) and International Consolidated Uranium Inc. (TSX.V: CUR) (OTCQB: CURUF) today announced that CUR has entered into a definitive asset purchase agreement with certain wholly owned subsidiaries of Energy Fuels (collectively, the “EF parties”). Under the agreement, CUR will acquire a portfolio of conventional uranium projects located in Utah and Colorado (the “projects”) from the EF parties (collectively, the “transaction”). In connection with the closing of the transaction, the companies have also agreed to enter into toll-milling and operating agreements with respect to the projects, which positions CUR as a potential near-term U.S. Uranium producer subject to…

WednesdayJul 14, 2021 10:06 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces 1.35% Drilling at Its Quebec Property Drill Hole

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has released results of drill hole LC21-003 at its Augustus Lithium Property in Quebec, Canada. The announcement stated that the drill hole intersected a six-meter-wide zone with 0.62% lithium oxide (“Li2O”) at 45 meters in depth; the hole included a two meter-wide wide intersection with 1.35% Li2O at 48 meters depth. In addition, a second two-meter-wide pegmatite intersection assayed 0.63% Li2O at 73 meter depth. First Energy noted that its trenching and sampling program is still underway. The company stated that several historical drill hole collars were located throughout the Augustus Lithium Property,…

TuesdayJul 13, 2021 12:23 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Completion of Share Retirement, 120M Reduction in Total Outstanding Shares

Asia Broadband (OTC: AABB) today announced that its management and board of directors recently completed the retirement and return of 120 million restricted common shares to the company treasury. According to the update, the reduction in the total outstanding company shares was 13 million more than the 107 million share reduction previously approved and announced in May. Asia Broadband’s initiative to create shareholder value led to the agreements with several third-party shareholders to retire the 120 million shares. In addition, AABB expects to retire more shares to its treasury in the near future with the ongoing plans to continue the…

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