MiningNewsBreaks Archive - Page 109 of 132

TuesdayJun 01, 2021 2:27 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Anticipates High Gold Concentrations, Production from Likely Acquisitions

Asia Broadband (OTC: AABB), a resource company that produces, supplies and sells precious and base metals, recently received mapping and rock sample assay results for the Los Reyes property, located in the prolific region of Mascota in Jalisco, Mexico. “The results from non-targeted rock samples showed great promise for AABB and strongly demonstrated that targeted drilling samples, directed by geophysics data, could have higher gold concentrations and values,” reads a recent article. The Los Reyes property is one of two assets Asia Broadband plans to acquire. “AABB’s sights are also set on a second property located in the region of…

TuesdayJun 01, 2021 11:59 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Large Drilled Widths of Lithium-Bearing Zones at Quebec Property

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole NC21-16 at its Augustus Lithium Property in Quebec, Canada. According to the update, the drill hole intersected a 19-meter-wide zone with 1.17% lithium oxide (“Li 2 O”) at 126 metres (“m”) drilled depth. In addition, there are anomalous values of other rare metals including average values of niobium (“Nb”) 77.83 parts per million (“ppm”), rubidium (“Rb”) 1,378.58 ppm, tantalum (“Ta”) 96.79 ppm, beryllium (“Be”) 181 ppm, and cesium (“Cs”) 67.45 ppm. Average value of iron (“Fe”) is 0.47%. “We are pleased…

FridayMay 28, 2021 12:03 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Results of Election of Directors

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, recently held its annual and special meeting of shareholders. The meeting, which was held on May 26, 2021, was held virtually. At the meeting, the company held its election of directors. Eight individuals were proposed by management for election as directors. Those eight individuals are J. Birks Bovaird, Mark S. Chalmers, Benjamin Eshleman III, Barbara A. Filas, Bruce D. Hansen, Dennis L. Higgs, Robert W. Kirkwood and Alexander Morrison. The company announced that all eight nominees were elected by company shareholders through a combination of…

ThursdayMay 27, 2021 12:07 pm

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Is Focused on Building Diversified Portfolio

First Energy Metals’ (CSE: FE) (OTCQB: FEMFF) primary focus is to develop a multicommodity mineral property portfolio by identifying, acquiring and exploring mineral prospects in North America in the precious, base and industrial metals sectors. The company’s core properties are Augustus Lithium and Titan Gold. “Located in Landrienne & Lacorne-Townships, Quebec, Canada, in an active lithium exploration/mining area, the Augustus Lithium Property and surrounding claims total 14,367.71 hectares. It is equipped with excellent infrastructure support, including a road network, railway, electricity, water and trained manpower available locally,” reads a recent article discussing the company. “The Titan Gold Property is located…

ThursdayMay 27, 2021 9:47 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) to Retire 107M Restricted Common Shares

Asia Broadband (OTC: AABB) today announced that its management and board of directors have approved the retirement and return of 107 million restricted common shares to the company treasury. According to the update, the share retirement process has been initiated with AABB’s transfer agent and is anticipated to be completed in the coming weeks. Asia Broadband’s initiative to create shareholder value led to the agreements with several third-party shareholders to retire the shares. With ongoing plans to continue the shareholder value initiative, AABB expects to retire additional shares to the company treasury in the near future. To view the full…

WednesdayMay 26, 2021 10:01 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Commences Drilling at Idaho-Based Oakley Project

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced the commencement of a 2,800-metre diamond drilling program at the Oakley Project, Idaho in collaboration with Centerra (U.S.) Inc. According to the update, Centerra has the option to earn up to a 70% interest in the project by, among other things, spending up to US$7 million in exploration expenditures prior to May 2026. Under the terms of the option agreement between the parties, Excellon is the manager of the project and Centerra is the operator and currently funds all expenditures. "Oakley is a low-sulphidation, epithermal gold project with the…

TuesdayMay 25, 2021 1:52 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Able to Fully Fund Physical Uranium Initiative

Uranium Energy (NYSE American: UEC), a Texas-based uranium mining and exploration company, was the subject of a recent research report by H.C. Wainwright & Co. (“Wainwright”). The analysts reiterated a buy rating for UEC’s stock, which, as they project, would reach a price target of $5. According to an article reporting the matter, the price projection and the buy rating are “based on a discounted cash flow (‘DCF’) model of future operations and in situ asset values.” Wainwright used a revised discount rate of 7.5%, as well as the value of assets, including Reno Creek ($75.0M), Alto Parana ($41.5M), Paraguay…

TuesdayMay 25, 2021 10:49 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces High-Grade Assay Results for Prospective Gold Mine Acquisition

Asia Broadband (OTC: AABB) today announced its receipt of mapping and rock sample assay results during the ongoing due diligence process with respect to the letter of intent to acquire a historic production gold mine property in the prolific mining region of Acaponeta in Nayarit, Mexico. The Acaponeta gold project, located approximately 48 kms southeast from the city of Acaponeta, is another prospective high-yield asset addition in the company’s strategic expansion initiative to acquire gold production and increase AABB’s physical gold holdings. According to the update, the assays in the geological report revealed high-grade gold, silver and copper values from the…

MondayMay 24, 2021 1:59 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Eyes What May be ‘The Best Resource Opportunity’ at White Mesa Mill

Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently expanded into the rare earth elements (“REE”) market, which is projected to grow at a CAGR of 12.3%, expanding from $5.3 billion in 2021 to $9.6 billion by 2026 (https://ibn.fm/n8eCy). A recent article, which termed the REE market as promising, described UUUU’s efforts in this space. “Energy Fuels is the key U.S. player for raw materials such as uranium, rare earth elements and vanadium, that make many clean energy and advanced technologies possible,” it reads. The company recently received the first shipment of natural monazite ore, one of the most valuable rare…

ThursdayMay 20, 2021 12:36 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Increases in Physical, Equity Uranium Holdings

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced recent increases in its physical and equity uranium holdings. Per the update, the company has acquired an additional 200,000 pounds of U.S. warehoused uranium. UEC’s physical uranium initiative is fully funded with cash on hand and, with this latest acquisition, now includes 2.305 million pounds of U.S. warehoused uranium. The company has also acquired an additional 1,000,000 common shares of Uranium Royalty Corp. (TSX.V: URC) (NASDAQ: UROY) in order to maintain its existing strategic ownership position. The company completed the subscription under a recent bought deal…

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