MiningNewsBreaks Archive - Page 107 of 132

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…

WednesdayJul 07, 2021 10:10 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Begins Shipping Rare Earths Materials to Europe in Key Supply Chain Move

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, announced that it has shipped the first container of mixed rare earth (“RE”) carbonate from its White Mesa Mill in Utah to Neo Performance Materials in Estonia, thus creating a new rare earth supply chain from the United States to Europe. The container, which contained approximately 20 tonnes of RE carbonate, is one of 15 planned for shipment as Energy Fuels continues to process natural monazite sand ore mined in the U.S. Once the RE carbonate arrives at the New Performance Materials plant, it will be…

ThursdayJul 01, 2021 12:02 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Positioned Amid Silver’s Rising Demand/Declining Supply

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) is a silver and base metals producer with precious metal projects located in Mexico, Idaho and Germany. According to a recent article, “The World Silver Survey has forecast a rise in total silver demand in 2021 of 15% to 1.03 billion ounces, with industrial demand set to rebound by 8% year-over-year. However, the rosy demand outlook contrasts against the commodity’s rapidly declining supply profile. In 2020, global mine production registered its fourth consecutive annual decline, with silver output declining by 5.9% to 784.4 million ounces.” The piece further clarifies that the…

ThursdayJul 01, 2021 11:46 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Eyes Promising Assay Results in Leveraging Mine-to-Token Strategy

Asia Broadband (OTC: AABB), a precious metals resource holder and cryptocurrency developer, has been assessing several gold mining projects and has issued letters of intent (“LOIs”) for mines and processing facilities in the Mexico-based states of Jalisco and Nayarit. These efforts are underway in order for AABB to add to its gold holdings under its mine-to-token strategy. The company is moving forward with its intent to acquire new gold reserves and recently announced that one of the mines subject to its LOI has produced high-grade assay results from random samples collected throughout the property when due diligence procedures began. “The…

WednesdayJun 30, 2021 10:45 am

MiningNewsBreaks – Gratomic Inc. (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) Prepares for Pioneering Move to Begin Commodity Trading on TM2

Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) today announced that it will soon begin trading graphite on the metals exchange platform Technology Metals Market ("TM2"). TM2 has officially launched the world's first technology metals marketplace in partnership with NASDAQ, providing access to high-value metals that power technology globally. According to the update, Gratomic continues the development of its M97 graphite product and the commissioning of its Aukam processing plant as scheduled. A versatile and customizable graphite product, M97 can be used for various applications. Upon completion of M97 development and commissioning of the Aukam facility, the company will begin supplying…

TuesdayJun 29, 2021 1:04 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Making Strides to Restore Critical US Rare Earth Supply Chains

Energy Fuels (NYSE American: UUUU) (TSX: EFR) continues to focus on its efforts to produce commercial rare earth elements (“REEs”) as well as on uranium production as the U.S. government looks to support moves to limit dependence on other countries for the mining and production of various metals. “Without a doubt, Energy Fuels is making major strides toward restoring critical U.S. rare earth supply chains while also maintaining our position as the leading U.S. uranium producer,” said UUUU’s president and CEO Mark S. Chalmers in a recent update. “On rare earths, our efforts over the past several months culminated in…

TuesdayJun 29, 2021 10:10 am

MiningNewsBreaks – Gratomic Inc. (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) Completes Acquisition Agreement Regarding Aukam Property

Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82), has finalized a definitive agreement outlining its acquisition of Next Graphite Inc.’s 37% interest in Gazania Investments Two Hundred and Forty Two (Proprietary) Limited, a Namibian company that holds licenses on the Aukam property. According to the agreement, which was first announced in November 2020, Gratomic will hold 100% of the rights and interests in the Aukam Mining License and exploration License. Next Graphite noted that combining the interests in Aukam provides an opportunity to optimize the potential of Aukam and allow Next Graphite shareholders to participate in the success of Gratomic; the…

MondayJun 28, 2021 1:01 pm

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Options Gold-Copper Endowed Project in Sought-After Metal Belt

GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, today announced its entry into an earn-in agreement. Under the agreement, GoldHaven may earn a 100% interest in the 4,190-hectare Smoke Mountain copper-gold property located in central British Columbia approximately 60 kilometers southwest of Houston and 23 km north-northwest of Imperial Metals Corporation’s copper-molybdenum-silver Huckleberry Mine. Per the update, the property is accessible via a series of gravel forest service roads off Highway 16. “The Smoke Mountain Project provides GoldHaven’s shareholders with access to a gold-copper endowed project…

FridayJun 25, 2021 2:00 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Eyes Promising Results at Platosa

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) is a silver and base metals producer with operations in Mexico and precious metal exploration projects in Mexico, Idaho and Germany. The company is working on developing a precious metals growth pipeline across a myriad of geographies and has announced exceptional results from its drilling program at Platosa. “Excellon has seen particularly promising results from its Platosa Mine located in Durango, Mexico. Over the course of 2020, the company revealed that its Mexican-based mining operations had resulted in a 37% year-over-year increase in silver production, with lead output rising by 32%…

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