MiningNewsBreaks Archive - Page 50 of 116

WednesdayDec 27, 2023 3:00 pm

MiningNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Comments on China Ban on Export of REE Tech, Notes Company’s REE Focus Is of ‘Increasing Strategic Importance’

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has released comments regarding the ban by China on the export of technology for the processing of rare earth elements (“REEs”). According to the statement, China announced a ban last week on the export of technology to produce REE permanent magnets and also confirmed its existing ban on technology associated with the separation of REEs. In the announcement, Ucore noted the Asian country’s “virtual monopoly” on the processing of heavy rare earth elements such as dysprosium, observing that Ucore’s current $4 million contract with…

ThursdayDec 21, 2023 3:26 pm

MiningNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Completes Final Stage of Demo Plant Commissioning, Begins DOD Demonstration Program

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has completed the third and final stage of planned commissioning procedures at the company's RapidSX(TM) Commercial Demonstration Plant; the company has also begun the U.S. Department of Defense (“DoD") demonstration program. The demo plant is situated at Ucore's 5,000-square-foot RapidSX Commercialization and Demonstration Facility in Kingston, Ontario; the facility is operated by Ucore's commercialization partner, Kingston Process Metallurgy Inc. “Since early this year, the company has been testing, adjusting and optimizing its 52-stage demo plant to meet its RapidSX commercialization and demonstration deployment objectives…

ThursdayDec 21, 2023 2:48 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Commences Production at Three US Uranium Mines

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (“REE”) and vanadium, has begun uranium production at three of its permitted and developed uranium mines in response to strong uranium market conditions; those mines are located in Arizona and Utah. The company is also preparing two additional mines in Colorado and Wyoming for expected production within the next year while advancing permitting on several other large-scale U.S. mine projects in order to increase uranium production in the coming years. According to the announcement, nuclear energy is increasingly being recognized as a clean-energy resource around the world, with many buyers…

ThursdayDec 21, 2023 2:34 pm

MiningNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Announces Settlement Agreement over Termination of Strategic Alliance

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) has announced that, further to its news release of Feb. 13, 2023, it has settled the claim brought by Barrick Gold Corporation (NYSE: GOLD) on a mutually acceptable basis. According to the update, the company and Barrick have agreed that the strategic alliance agreement entered into by them on Feb. 3, 2019, has been terminated. The parties have no outstanding obligations under the agreement, and there are no properties subject to the agreement. A consent dismissal order will be entered in the Ontario Superior Court to dismiss the claim. To view the full press…

WednesdayDec 20, 2023 1:23 pm

MiningNewsBreaks – GEMXX Corporation (GEMZ) Amends LOI Closing Deadline, Plans Implementation of Pilot Mine on Yukon Gold Property

GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment, continues to make progress in its assessments quantifying the proven and potential gold resources on the Yukon Gold property. Currently GEMXX is working closely with the project’s current owners to implement a work plan calling for a pilot mine as soon as weather permits in 2024. With that in mind, the company announced that the closing deadline in the original letter of intent (“LOI”) has been extended. The company believes that the project represents a valuable asset and a return on investment (“ROI”) with proven resources of 2.2 million…

TuesdayDec 19, 2023 3:10 pm

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Looking to Triple Daily Crude Output with Launch of Second Phase of Drilling Program

Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), an oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada, announced that its sixth horizontal well had successfully commenced production as of early November, only weeks after the resumption of its horizontal infill drilling program. “Prospera has recently launched the second phase of its drilling program, centered around drilling 10 horizontal well locations across its Cuthbert and Hearty Hill properties, with the eventual goal of tripling the company’s daily crude output in 2023. The company revealed that the initial batch of five horizontal wells…

MondayDec 18, 2023 12:03 pm

MiningNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Launches Redesigned Corporate Website

Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0) today unveiled its new corporate website, which better presents project milestones and company information. The newly designed site includes a dedicated projects landing page, updated corporate presentation and fact sheet that prominently highlights the substantial strides Appia has made on its rare earth element (“REE”) and uranium projects in Canada and REE Ionic Adsorption Clay (“IAC”) project in Brazil, providing insights into both current and historical endeavors. “Our website redesign is not just about aesthetics; it’s a window into the depth of our commitment and progress,” said Tom Drivas, CEO of Appia Rare…

MondayDec 18, 2023 10:51 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports ‘Encouraging’ Results from Definition Drill Program at Iska Iska Project

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, is reporting on the first assay results from five of the 11 drill holes in its current definition drill program at the Iska Iska silver-tin polymetallic project, which is situated in southwestern Bolivia. According to the announcement, the drill hole results are “most encouraging” because they demonstrate substantive higher-grade intervals, especially for silver, in the potential starter pit mineral resource area, which may now be potentially upgraded and expanded. The definition diamond drill program is focused on upgrading and expanding the higher-grade Polymetallic (“Ag-Zn-Pb”) Domain Type inferred…

FridayDec 15, 2023 10:36 am

MiningNewsBreaks – Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) Announces Private Placement for up to $1M

Reflex (CSE:RFLX) (OTCQB: RFLXF) (FSE: HF2) today announced a non-brokered private placement of units, each at a price of $0.10, for gross proceeds of up to $1,000,000 (the “offering”). According to the announcement, each unit will comprise of one common share of the company (each, a “share”) and one common share purchase warrant of the company (each, a “warrant”), with each warrant exercisable to acquire one common share of the company (each, a “warrant share”) at a price of $0.15 per warrant share for a period of twenty-four months from the date of issuance. Reflex intends to use the net…

ThursdayDec 14, 2023 12:33 pm

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Per-Day Production Report

Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a publicly traded energy company based in Western Canada specializing in the exploration, development and production of crude oil and natural gas, is reporting its per-day production. According to the announcement, the company announced a medium light oil 500-plus barrels per day flowing well from a full day of production testing. The report noted that this above-gradient pressure reservoir will typically flow for a few months and then transition into an artificial lift system production of approximately 150-plus bblspd of stabilized rate. The company also anticipates a second well will be coming…

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