MiningNewsBreaks Archive - Page 123 of 155

FridayJan 21, 2022 12:35 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Expected to Benefit as Investors Seek Alternatives to Cash

StraightUp Resources (CSE: ST) (OTCQB: STUPF) is positioning amid the price rally experienced within the precious metals market following a rise in inflation. December numbers released by the Bureau of Labor Statistics showed the U.S. inflation rate rose to 6.8%, its highest point since 1982, on the back of higher housing, food and gas prices. Earlier in November, in spite of normal and expected ups and downs, gold prices rallied to a near-five-month high after consumer price data prompted people to buy gold as a hedge against inflation. “Economists expect that strong inflation will continue to drive buyers into gold……

TuesdayJan 18, 2022 11:11 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Production Results for Q4, FY2021

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has shared production numbers for its Platosa Mine project, located in Durango, Mexico. Highlights of the report note that compared to 2020, silver equivalent production has increased 25%, from 1.6 million AgEq oz. to 2 million AgEq oz; that number specifically comes from an increase in silver, lead and zinc production throughout 2021. For the fourth quarter, AgE1 production decreased 12% compared to 2020 overall. Despite that decline, the announcement noted that consistent throughput continued during Q4, which was the sixth consecutive quarter of more than 20,000 tons mined and milled from…

FridayJan 14, 2022 12:12 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Stands Distinct in High-Purity Rare Earth Carbonate Production

Energy Fuels (NYSE American: UUUU) (TSX: EFR) has partnered with Nanoscale Powders LLC (“NSP”) with plans to develop a novel technology for the production of rare earth elements (“REE”) metals. The company believes the technology, initially developed by NSP and to be advanced by the UUUU-NSP partnership, has the potential to revolutionize the rare earth metal making industry by increasing safety, reducing production costs and energy consumption, and significantly reducing greenhouse gas emissions. NSP brings its tech while UUUU contributes the rare earth material and industrial-scale processing facility. A recent article quotes UUUU president and CEO Mark S. Chalmers as…

ThursdayJan 13, 2022 2:47 pm

MiningNewsBreaks – StorEn Technologies Inc.’s Collaborative Project Set to Bring Opportunity to Local Manufacturing Community

StorEn Technologies is a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology. The company takes pride in offering solutions that meet consumers’ demand for efficient, durable and cost-effective energy storage, enabling self-consumption of self-produced electricity and the transition toward a carbon-free economy. StorEn is involved in a project in Australia led by Future Battery Industries CRC, with QUT, research partners, state and federal governments, which allows researchers to test and develop safety standards for vanadium flow batteries. The 30-kWh battery is provided by Multicom Resources Limited in partnership with StorEn. A recent article, which…

ThursdayJan 13, 2022 2:33 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Announces Receipt of Early Exploration Permit for RLX North Property

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 received an early exploration permit from the Ministry of Northern Development and Mine, Natural Resources and Forestry (“NDMNF”). The permit, which is effective for three years, allows the company to conduct mechanized drilling and ground geophysical surveys that require a generator. The permit covers the company’s RLX North Property, which is located in the Red Lake Greenstone Belt of northwestern Ontario, and which has been identified as a high-priority exploration target. StraightUp has…

ThursdayJan 13, 2022 12:47 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Results from Platosa Drilling

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has announced results from its latest underground drilling at the Platosa Mine in Durango, Mexico. The follow-up drilling was conducted on the 817 Zone below Manto 623. Results defined a zone of high-grade silver mineralization with highlights including the following: 2,490 g/t silver equivalent over 2.9 meters and 5,089 g/t AgEq over 0.4 meters in EX21UG761; 3,905 g/t AgEq over 1.8 meters) in EX21UG760; 2,124 g/t AgEq over 2.8 meters in EX21UG812; 4,939 g/t AgEq over 0.9 meters in EX21UG769; and 3,158 g/t AgEq over 1.0 meters (2,956 g/t Ag, 6.1% Pb and…

TuesdayJan 11, 2022 3:05 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Expands Proprietary Crypto Exchange with New Trading Pairs

Asia Broadband (OTC: AABB) today announced that it has incorporated additional trading pairs in its proprietary cryptocurrency exchange (the “Exchange”) within the AABB Wallet. To access the desktop version of the AABB Exchange, visit https://ibn.fm/tWS5H.The Exchange was launched several weeks ago in its initial phase to optimize stability, functionality and integration of the various component modules and features. Users can now place buy and sell orders to execute cryptocurrency trades for an expanded number of trading pairs available on the Exchange platform. In collaboration with Asia Broadband’s digital assets developer, the continued roll out of the Exchange components in the…

FridayJan 07, 2022 12:41 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Building Portfolio, Expanding Access to Potential Mining Assets

StraightUp Resources (CSE: ST) (OTCQB: STUPF) in 2021 expanded its access to potential assets, building a portfolio that includes options for five anticipated gold properties in Ontario, Canada’s well-known greenstone belt, acquisition of an existing gold and silver mine in the western United States, and an opportunity to acquire a silver mine and processing plant in the Lima region of Peru. Most of the company’s development work thus far has centered on the properties in eastern Canada. “The Red Lake district where the RLX North, RLX South, Belanger Red Lake, Bear Head, and Ferdinand gold properties are centered is part…

ThursdayJan 06, 2022 3:17 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Poised to Leverage Growth in Nuclear Energy Space

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company that supplies U3O8 to major nuclear utilities, is ideally positioned to make the most of the anticipated growth in the nuclear energy sector. The World Nuclear Association’s Annual Nuclear Fuel Report projects that the demand for uranium fuel will increase over the next two decades. Nuclear power is expected to play an increasingly important role in the future because of its near-zero emissions of carbon dioxide and other pollutants, its on-demand, reliable and secure nature, and its long-term cost competitiveness. Energy Fuels holds three of America’s key…

ThursdayJan 06, 2022 9:37 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Update on Company Operations, Explorations

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has shared an overview of its operations. The update includes information regarding EXN’s Platosa project as well as other upcoming exploration plans; the company stated that additional updates would be forthcoming. The company noted that last year the Platosa mine and the Miguel Auza mill produced four quarters of stable production at record rates, with final numbers for 2021 expected in the next few weeks. In addition, the company has identified strategic exploration plans for each of its projects — Platosa, Evolución, Kilgore and Silver City — in 2022; Excellon is also evaluating other corporate…

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