MiningNewsBreaks Archive - Page 81 of 108

TuesdaySep 28, 2021 3:34 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces LOI to Form JV with Mexico Gold Mine

Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, has signed a letter of intent (“LOI”) outlining a joint venture agreement to secure an 80% interest in the development and production of the Tequila Gold Mine Project. The gold mine is located some 70 kilometers north of Guadalajara, Mexico. AABB noted in the announcement that previous exploration and drilling on the property conducted by a Canadian mining company showed multiple gold and silver mineralization veins that exhibited high-grade potential. The Tequila project is another potential high-yield asset…

TuesdaySep 28, 2021 12:21 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) Announces Acquisition of Historic Nevada Mine

StraightUp Resources (CSE: ST) today announced its acquisition of the West Cat Mine, which includes an unpatented lode mining claim on federal land in the historic Beatty Mountain Nevada Mining District in Nye County, Nevada, located about 15 kilometers east of U.S. Route 95 and approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. According to the update, the West Cat Mine is part of a 20.66-acre land package discovered in the early years of the Bullfrog mining boom. Gold-bearing quartz veins occur in the west-draining canyons and along the western slopes of Bare Mountain,…

MondaySep 20, 2021 12:12 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Entirely New Realm – the World of Medicine

Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently entered into a strategic alliance with RadTran LLC, a technology development company focused on closing critical gaps in the procurement of medical isotopes, to evaluate the recovery of thorium and possibly radium from the company’s existing rare earth carbonate and uranium process streams. “The company just began producing rare earths by unlocking the value of a mineral called monazite because this mineral contains the radioactive elements uranium and thorium. And UUUU’s most recent strategic partnership takes the company into an entirely new realm: the world of medicine,” reads a recent article. RadTran…

ThursdaySep 16, 2021 12:23 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Showcases Corporate Activities at Open House; Establishes Foundation to Support Local Communities

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, held an open house for business, community and industry leaders at its White Mesa Mill location in Blanding, Utah. During the event, the company showcased its uranium production and introduced its production and shipment of an intermediate rare earth element (“REE”) product. According to the announcement, an estimated 15 containers of RE carbonate produced at the mill is being shipped to Europe; upon arrival, that carbonate will be processed into separated rare earth oxides and other value-added RE compounds. These shipments of commercial quantities of rare…

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…

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