ThursdayMay 19, 2022 1:04 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Agreement for Major Rare Earth Land Position in Brazil

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has signed binding agreements to secure an estimated 58.3 square-mile, heavy-mineral sand position. The agreements cover the acquisition of 17 mineral concessions located between Prado and Caravelas, towns in the state of Bahia, Brazil. Called the Bahia Project, the area has potential to feed the Energy Fuel’s White Mesa Mill with rare earth element and uranium bearing natural monazite sand for decades. “This is another very significant step in Energy Fuels' development as a major global rare earth element producer based in the United States,” said…

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TuesdayMay 17, 2022 11:48 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Q1-2022 Results, to Host Video Webcast

Energy Fuels (NYSE American: UUUU) (TSX: EFR) today announced its financial results for the quarter ended March 31, 2022. Among the highlights, the company reported a robust balance sheet with $136.6 million of working capital, including $105.8 million of cash and marketable securities, $29.7 million of inventory, and no short- or long-term debt. “Energy Fuels continues to benefit from increases in the prices for all of the critical elements and materials we produce,” said Mark S. Chalmers, Energy Fuels’ president and CEO. “Though volatile, uranium prices have continued to exhibit strength and resilience, which we expect to continue as Russia’s…

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TuesdayMay 10, 2022 11:25 am

MiningNewsBreaks – Austin Gold Corp. (NYSE American: AUST) Secures $13.85M in IPO

Austin Gold (NYSE American: AUST) recently announced the closing of its initial public offering of 3,265,000 of its common shares, each at a price of $4.00. The company also announced that the underwriters have exercised their option to acquire an additional 489,750 shares to cover overallotments in connection with the offering. The company has received approximately $13.85 million in net proceeds after the underwriting discount and estimated offering expenses. Roth Capital Partners acted as sole book-running manager and Pacific Century Securities acted as a co-manager for the offering. To view the full press release, visit About Austin Gold Corp.…

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FridayApr 29, 2022 3:16 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Stands Distinct in REE Processing, Production Capabilities

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company that is also moving faster than any other company to re-establish a domestic rare earth elements (“REE”) supply chain, appears set to benefit from growth of the global REE market. A recent Mordor Intelligence article is reporting that the sector has reached an estimated 161,354.65 tons this year, with an expected compound annual growth rate (“CAGR”) of more than 4% between now and 2027. “According to Mordor, factors driving the growth of the market include high demand from emerging economies and dependency of ‘green technology’ on rare…

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FridayApr 22, 2022 2:06 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Poised Amid Strong Support for Nuclear Energy

Energy Fuels (NYSE American: UUUU) (TSX: EFR) is well positioned as clean energy has become a top priority worldwide. A recent article discussing this shines the spotlight on Capitol Hill and strong bipartisan support for nuclear energy. Energy Fuels, a member of the Nuclear Energy Institute (“NEI”), is among the companies paying close attention as hallmark pieces of legislation have demonstrated that carbon-free, always-on nuclear power is an indispensable driver of the clean energy future. The article discusses the “Build Back Better Act, which is currently on the back burner but contains broadly supported climate provisions that include a production…

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WednesdayApr 13, 2022 11:20 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Marks Historic Week with Shipments of Uranium, Vanadium, REE

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, hit a critical mineral “trifecta” this month, making commercial shipments of uranium, vanadium and advanced rare earth materials — all in a single week. According to the announcement, the company shipped natural uranium concentrates (“U308”) to the Metropolis Works uranium conversion facility in Metropolis, Illinois;  vanadium pentoxide (“V205”) to the Bear Metallurgical Company in Butler, Pennsylvania; and high-purity mixed rare earth element (“REE”) carbonate to the Neo Performance Materials facility in Estonia. “I believe the week of April 4, 2022, will go down as one of the most important weeks in…

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TuesdayApr 05, 2022 3:40 pm

MiningNewsBreaks – South Star Battery Metals Corp. (TSX.V: STS) (OTCQB: STSBF) Announces ‘Next Cornerstone’ Toward World-Class Graphite Production

South Star (TSX.V: STS) (OTCQB: STSBF) has announced its entry into a binding streaming agreement with Sprott Resource Streaming and Royalty Corp (“SRSR”) for a total cash consideration of up to US$28 million as prepayment for graphite concentrates from the Santa Cruz Graphite Project in Brazil. According to the announcement, South Star will act as sales agent for SRSR on the percentage of production subject to the agreement. “We are delighted to have a long-term strategic partner like Sprott,” Richard Pearce, CEO of South Star, said in the press release. “This financing delivers excellent value for South Star shareholders by…

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FridayApr 01, 2022 3:16 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Positioned to Expand Portfolio, Capitalize on Growing Demand for Gold

StraightUp Resources (CSE: ST) (OTCQB: STUPF) recently entered into a purchase option agreement that gives it exclusive right and option to acquire from Perry English and Gravel Ridge Resources Ltd. (“Optionors”), a 100% dividend interest in the Ranger/Otter mining project located in Red Lake, Ontario. “This agreement opens an opportunity for StraightUp to grow its property portfolio while also capitalizing on the surging gold market prices, which have surpassed $2,000 an ounce, fueled by growing gold demand from the war in Ukraine,” reads a recent article. StraightUp seeks to capitalize on this growing demand, hence its optimism for the new…

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FridayMar 25, 2022 3:12 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Focused on Executing 2022 Plans, Including New Acquisitions, Expanded Market Reach

StraightUp Resources (CSE: ST) (OTCQB: STUPF) recognizes the issues posed by the Ukraine crisis, which, though focused on Eastern Europe, is affecting various sectors globally. “Despite its properties being located in North America, the developments in Russia and Ukraine, coupled with the former’s sanctions, are affecting its operations and its shareholders’ willingness to take more investment risks,” a recent article reads. “Following the conflict, the price of gold and other precious metals has surged. Palladium, for instance, has seen a 5.1% increase in value for the third consecutive month, while gold has risen by 6.5%, reaching an 18-month high of…

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FridayMar 18, 2022 12:44 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Confirms Potential of Optioned Gold Properties

StraightUp Resources (CSE: ST) (OTCQB: STUPF), a precious metals explorer, has spent the past year examining the potential for gold exploration on flagship properties it has optioned in Canada’s well-known greenstone belts in Ontario, anticipating persistent demand for the metal worldwide. “Ground magnetic surveys and helicopter-borne high-resolution aerial magnetic surveys have helped confirm the potential of StraightUp’s five gold properties in the Red Lake Mining region, such as ‘multiple areas of high merit and potential mineralization’ reported in November at the Ferdinand Gold Project, which consists of 17 contiguous mining claims covering 7,143 hectares (17,651 acres),” a recent article reads.…

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