MiningNewsBreaks Archive - Page 103 of 132

WednesdayNov 17, 2021 1:39 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Exceeds $1.1M in Gold-Backed Cryptocurrency Sales Prior to Launch of Proprietary Exchange

Asia Broadband (OTC: AABB) is pleased to announce that it has recorded over $1.1 million in “AABBG” Gold Token sales within the recent four-week period ending Nov. 15, in advance of the imminent launch of the proprietary cryptocurrency exchange. AABB is progressively expanding AABBG token circulation to primary sales markets of North America and Europe with a goal to expand globally to other predominant and high growth market areas to become a worldwide standard of exchange that is secured and trusted with gold backing. The launch of the company’s AABB wallet in March 2021 introduced the market release of its…

TuesdayNov 16, 2021 11:31 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Q3 2021 Financial Report

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has reported its financial results for the three- and nine-month periods ended Sept. 30, 2021. Highlights of the report include revenues of $9.2 million with gross profit of $1.8 million and total cash cost net of byproducts per silver ounce payable improved to $11.02. The company noted that all-in sustaining cost ("AISC") per silver ounce payable totaled $21.52, in part due to increased underground exploration at Platosa, with production cost of $281 per ton. Excellon also saw more than 21,000 tons mined and milled for the fifth quarter in a row, with sizeable stockpiles of ore and…

FridayNov 12, 2021 11:19 am

MiningNewsBreaks – Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Reigniting Saxony’s Storied Mining History

Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) is actively working to reignite the Saxony region’s proud and storied history, which has long been synonymous with silver mining. According to Ben Pullinger, SVP Geology and Corporate Development for Excellon, Saxony has become an important jurisdiction for the company over that past year. “In mid-2020, Excellon announced that it had entered into a research and development alliance with the Helmholtz Institute Freiberg (‘HIF’). The company’s team seeks to apply modern exploration technology on the historically significant Silver City mineral field in Saxony, Germany,” reads a recent article. Excellon, which holds…

TuesdayNov 09, 2021 1:45 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Announces Move to OTCQB Listing

StraightUp Resources (CSE: ST) (OTCQB: STUPF), a public company engaged in the business of mineral exploration and the acquisition of mineral property assets in North America, has started trading on the OTCQB Venture Market in the United States under the symbol STUPF. The company noted that its common shares will also continue to trade on the Canadian Securities Exchange (“CSE”) under the symbol ST. The OTCQB exchange is designed for early-stage and developing companies. StraightUp Resources anticipates that the OTCQB listing will result in greater exposure, visibility and trading convenience for its U.S. investors. “Upgrading to the OTCQB provides a…

WednesdayNov 03, 2021 2:13 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Establishes El Salvador-Based Presence, Operations Hub Prior to Launch of Proprietary Exchange

Asia Broadband (OTC: AABB) today announced that it has established a corporate presence and satellite office in El Salvador to serve as the company’s Central and South American operations hub in preparation for the upcoming exchange launch. The company recently registered a subsidiary in El Salvador, AABBG Exchange Sociedad Anonima De Capital Variable, to form the foundation of the new business development and marketing facility. According to the update, an initial team of support staff was assembled to continue building demand for the “AABBG” token and exchange in Latin America. In recent months, the AABB management team has traveled regularly…

TuesdayNov 02, 2021 3:18 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) Making Indelible Mark on the Mining Scene

StraightUp Resources (CSE: ST) is positioning itself in the mining sector and maximizing shareholder wealth and value through its focus on strategic acquisitions and exploration work. Following the completion of an initial public offering (“IPO”) in March last year and a non-brokered private placement a month later, StraightUp embarked on a journey that saw it acquire the RLX North, RLX South and Belanger Red Lake gold properties in June 2020, the Ferdinand Gold Property in Ontario in March of this year, and the Bear Head Gold Property later in July. The company also commenced a ground magnetic (“MAG”) survey at…

TuesdayNov 02, 2021 3:06 pm

MiningNewsBreaks – Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Well Primed to Serve Burgeoning Precious Metals Market

Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2), a silver and base metals producer with precious metals projects in Mexico, Idaho and Germany, has employed a world-class leadership team with a proven track record to capitalize on positive trends in the precious metals space even as the results of the market’s increasingly optimistic outlook on silver’s prospects are seen in North America, Europe and Asia. A six-story high warehouse near Singapore’s Changi airport, which currently holds around 400 tons of silver, is expected to store as much as 15,000 tons once complete, indicating the potential that the market currently…

MondayNov 01, 2021 10:25 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Q3 2021 Financial Results

Energy Fuels (NYSE American: UUUU) (TSX: EFR) today released its financial results for the quarter ended Sept. 30, 2021. Among the highlights, the company reported a very robust balance sheet with $132.8 million of working capital, including $100.8 million of cash and marketable securities and $29.3 million of inventory as of Sept. 30, 2021. At current commodity prices, Energy Fuels’ product inventory has a $46.9 million value. “Energy Fuels continues to make rapid progress toward positioning our White Mesa Mill as America's ‘Critical Minerals Hub,’ by maintaining the Mill's key uranium and vanadium production capabilities while further diversifying our portfolio…

ThursdayOct 28, 2021 2:53 pm

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

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, and Consolidated Uranium (TSX.V: CUR) (OTCQB: CURUF) have closed a previously announced acquisition. In July 2021, the two companies announced plans for Consolidated Uranium to acquire a portfolio of UUUU’s conventional uranium projects located in Utah and Colorado as well as enter into toll-milling, operating and investor rights agreements in connection to the acquired project. The projects included in the transaction include the Tony M Mine, located in the Henry Mountains area of southeastern Utah; the Daneros Mine, located in the White Canyon District; and the Rim Mine, located in the…

WednesdayOct 27, 2021 10:10 am

MiningNewsBreaks – Society of Economic Geologists Provides Overview of Saxony’s Mining History, an Area of Focus for Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2)

The Society of Economic Geologists (“SEG”) Student Chapter from the Freiberg’s University of Mining & Technology, one of the world’s oldest and most traditional mining-focused universities, recently carried out an overview of Germany’s Freiberg and the re-emergence of mining exploration within the area. Located within the Saxony region, the town of Freiberg has a long and storied mining history dating back to 1168 AD, when the first silver ore was found in the surrounding areas to the town. By the 16th Century, mining in the Erzebirge, or ‘Ore’ Mountains, had turned Saxony into one of Europe’s wealthiest kingdoms. Today, nearly…

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