MiningNewsBreaks Archive - Page 80 of 107

ThursdaySep 09, 2021 3:33 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Playing Essential Role in US Efforts to End Dependence on China for REEs

Energy Fuels (NYSE American: UUUU) (TSX: EFR) may be the only company outside of China with the equipment, expertise and licenses in place to responsibly process monazite, one of the most valuable rare earth elements (“REEs”) in the world. A recent article reads, “The company, along with key partners, is focused on establishing the United States again as a producer of advanced rare earth products, all produced from monazite, with a commitment to sustainability, environmental protection and human rights. The company is also creating a supply chain option that allows monazite suppliers in the U.S. and around the world to…

ThursdaySep 09, 2021 9:45 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Results of Drill Program at Augustus Lithium Drill Hole

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has completed phase 1 exploration drill work at its Augustus Lithium Property, which is located in Quebec. The drill program included a total of 32 NQ size diamond drill holes, with a cumulative drilling of 5,847.15 meters; 27 of the drill holes intersected spodumene bearing lithium pegmatites with five holes showing low-grade lithium intercepts or not hitting any significant mineralization at all. Results also noted that two drill holes were drilled for metallurgical test-work purposes at the same locations as holes LC21-16 and LC21-20, respectively. Other results worth…

ThursdayAug 26, 2021 1:12 pm

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Poised as Lithium-Ion Batteries Increasingly Become the Rage

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company with a primary focus on developing a multicommodity mineral property portfolio, recently announced the results of drill hole LC21-22 at its Augustus Lithium Property in Quebec. “The drill hole intersected a 10.5-meter-wide zone with 1.22% lithium oxide at 69 meters drilled depth,” reads a recent article. “First Energy Metals is well positioned to leverage growing opportunities in the global lithium-ion battery market. Lithium-ion batteries (Li-ion batteries or LiB) are increasingly becoming the rage due to their potential for use in a wide range of products and applications…

ThursdayAug 26, 2021 12:59 pm

MiningNewsBreaks – Excellon Resources Inc.’s (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Platosa Continues Production at Historically High Rates

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, recently published its second quarter results for the 2021 fiscal year. Among the highlights, the company reported Q2 2021 revenues of $9.7 million, up from the $0.7 million registered in Q2 2020, and significantly improved gross profit to $2.1 million, up from last year’s loss of -$2.6 million. “Excellon Resources’ strong second quarter results were directly correlated to the robust production numbers generated from the Platosa Mine in Durango, Mexico,” reads a recent article. “Excellon saw…

WednesdayAug 18, 2021 10:42 am

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

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has reported that it is drilling 1,828 g/t silver equivalent over more than five meters at its Platosa Mine in Durango, Mexico. Additional highlights of the report include 2,368 g/t AgEq over 1.6 meters in EX21UG597 and 1,481 g/t AgEq over 2.5 meters in EX21UG601. In addition, the company noted that the drilling results from underground continue to define mineralization in areas ahead of production at the 623, NE-1 and NE-1S Mantos as well as outside of the current mine plan. The drilling into the 623 and NE-1 Mantos specifically improve…

TuesdayAug 17, 2021 2:39 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Collaborates to Mark Important Milestone to Restore Critical RE Supply Chains

Energy Fuels (NYSE American: UUUU) (TSX: EFR) and Neo Performance Materials (TSX: NEO) recently announced that the first container of mixed rare earth (“RE”) carbonate was shipped from UUUU’s White Mesa Mill in Utah to NEO’s rare earth separation facility in Estonia. This shipment marked an important milestone toward restoring the critical U.S. and European rare earth supply chains. Chemours (NYSE: CC), based in Georgia, mines natural monazite that contains both the rare earth elements and naturally occurring uranium. “The rare earth elements are then processed into RE carbonate by UUUU’s White Mesa Mill before being shipped off to Estonia…

TuesdayAug 17, 2021 10:06 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Drills 1.47% Li2O at 11.5 Meters Depth at Augustus Lithium Property

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole LC21-05 at its Augustus Lithium Property in Quebec, Canada. According to the update, highlights of LC21-05 include a four-meter-wide zone with 1.47% lithium oxide (“Li2O”) at 11.5 meters (“m”) depth and a three-meter-wide zone with 0.56% Li2O at 32m depth, including a one-meter-wide zone with 1.14% Li2O at 33m depth. The drill program is based on historical exploration data and the company's in-progress surface trenching and sampling program. Several historical drill hole collars were also located on the property, which helped…

TuesdayAug 10, 2021 11:04 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Update Regarding Mexico Litigation

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has provided an update on litigation involving the company’s subsidiary San Pedro Resources SA de CV. The litigation is regarding part of the Evolución property in Zacatecas and was first disclosed in 2019. The company is confirming that, as it reported in July, San Pedro’s appeal to the federal courts of Mexico in respect of the litigation was dismissed, despite the lack of evidence, facts or law to support this outcome. The company has received the formal written decision regarding the appeal; the decision, which is not subject to further legal appeal, appears to uphold the…

TuesdayAug 03, 2021 11:02 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Results of Augustus Lithium Drill Hole

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has announced the results of drill hole LC21-15 from its Augustus Lithium Property in Quebec, Canada. According to the announcement, the drill hole intersected a four-meter-wide zone with 1.27% lithium oxide at 62 meters drilled depth. The study indicated anomalous values of other rare metals: niobium, 100.45 parts per million (“ppm”); rubidium, 29.73 ppm, tantalum, 169.13 ppm; beryllium, 335.75 ppm; cesium, 36.48 ppm. The study noted that all Reported intersections were based on drilled width and hadn’t been converted to true width. FEMFF’s drill program is based on historical…

MondayAug 02, 2021 9:45 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases Q2 2021 Financial Report, Schedules Results Webcast

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has reported second-quarter financial results for the period ended June 30, 2021. Noteable numbers include the announcement that UUUU has $98.8 million — $79.4 million in cash and marketable securities and $29.2 million in inventory — working capital and that the company saw a net loss of $10.8 million, which included a non-cash, mark-to-market increase in warrant liabilities of $3.6 million resulting from a significant increase in the company’s share price. The report also noted that Energy Fuels is ready to provide uranium for the proposed U.S. Uranium Reserve once it is established by…

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