MiningNewsBreaks Archive - Page 82 of 116

TuesdayApr 05, 2022 3:40 pm

MiningNewsBreaks – South Star Battery Metals Corp. (TSX.V: STS) (OTCQB: STSBF) Announces ‘Next Cornerstone’ Toward World-Class Graphite Production

South Star (TSX.V: STS) (OTCQB: STSBF) has announced its entry into a binding streaming agreement with Sprott Resource Streaming and Royalty Corp (“SRSR”) for a total cash consideration of up to US$28 million as prepayment for graphite concentrates from the Santa Cruz Graphite Project in Brazil. According to the announcement, South Star will act as sales agent for SRSR on the percentage of production subject to the agreement. “We are delighted to have a long-term strategic partner like Sprott,” Richard Pearce, CEO of South Star, said in the press release. “This financing delivers excellent value for South Star shareholders by…

FridayApr 01, 2022 3:16 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Positioned to Expand Portfolio, Capitalize on Growing Demand for Gold

StraightUp Resources (CSE: ST) (OTCQB: STUPF) recently entered into a purchase option agreement that gives it exclusive right and option to acquire from Perry English and Gravel Ridge Resources Ltd. (“Optionors”), a 100% dividend interest in the Ranger/Otter mining project located in Red Lake, Ontario. “This agreement opens an opportunity for StraightUp to grow its property portfolio while also capitalizing on the surging gold market prices, which have surpassed $2,000 an ounce, fueled by growing gold demand from the war in Ukraine,” reads a recent article. StraightUp seeks to capitalize on this growing demand, hence its optimism for the new…

FridayMar 25, 2022 3:12 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Focused on Executing 2022 Plans, Including New Acquisitions, Expanded Market Reach

StraightUp Resources (CSE: ST) (OTCQB: STUPF) recognizes the issues posed by the Ukraine crisis, which, though focused on Eastern Europe, is affecting various sectors globally. “Despite its properties being located in North America, the developments in Russia and Ukraine, coupled with the former’s sanctions, are affecting its operations and its shareholders’ willingness to take more investment risks,” a recent article reads. “Following the conflict, the price of gold and other precious metals has surged. Palladium, for instance, has seen a 5.1% increase in value for the third consecutive month, while gold has risen by 6.5%, reaching an 18-month high of…

FridayMar 18, 2022 12:44 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Confirms Potential of Optioned Gold Properties

StraightUp Resources (CSE: ST) (OTCQB: STUPF), a precious metals explorer, has spent the past year examining the potential for gold exploration on flagship properties it has optioned in Canada’s well-known greenstone belts in Ontario, anticipating persistent demand for the metal worldwide. “Ground magnetic surveys and helicopter-borne high-resolution aerial magnetic surveys have helped confirm the potential of StraightUp’s five gold properties in the Red Lake Mining region, such as ‘multiple areas of high merit and potential mineralization’ reported in November at the Ferdinand Gold Project, which consists of 17 contiguous mining claims covering 7,143 hectares (17,651 acres),” a recent article reads.…

WednesdayMar 16, 2022 10:23 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases 2021 Financial, Corporate Report

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has released its financial results and corporate update for the year ended Dec. 31, 2021. Highlights of the report include the company’s net income of $1.5 million for 2021 along with a strong balance sheet showing $143.2 million in working capital, including $113 million of cash and marketable securities, $30.8 million in inventory and no short-term or long-term debt. According to the announcement, the company’s Dec. 31, 2021, product inventory would be valued at more than $60 million based on current commodity prices. The report noted that prices for all commodities produced…

MondayMar 14, 2022 3:44 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Taping ‘Truly Immense Opportunity’ Amid Rising Demand for Rare Earths

Energy Fuels (NYSE American: UUUU) (TSX: EFR) is emerging to become one of the diverse suppliers of rare earth elements (“REEs”). The company has seen monumental progress in its efforts to enter the REE market, which is expected to experience healthy growth. And, if demand continues to grow at its current pace, supply will need to pick up to meet the need for REEs globally. Analyst Ryan Castilloux, managing director of Adamas Intelligence, indicates that, while China will almost certainly remain a key player in the space, the next two to three years will be transitional for the supply chain…

FridayMar 11, 2022 2:04 pm

MiningNewsBreaks – StorEn Technologies Inc. Recognized for Bringing Real Innovation to Vanadium Flow Batteries

StorEn Technologies, a developer of evolutionary batteries with a disruptive patent-pending, all-vanadium flow battery technology, was recently named by Futurology Inc. as among the 50 most innovative energy management companies and startups in New York. A recent article, which contains excerpts from the Futurology write-up detailing the list, reads: “‘This article showcases our top picks for the best New York-based energy management companies,’ reported Futurology when releasing its 50 Most Innovative List. ‘These startups and companies are taking a variety of approaches to innovating the energy management industry, but are all exceptional companies well worth a follow.’ Futurology noted that…

TuesdayMar 08, 2022 2:14 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), IperionX Collaborate on Rare Earth Mineral Production

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has undertaken laboratory evaluation of rare earth mineral concentrates, including monazite and zenotime, from IperionX Limited’s Titan Project located in west Tennessee. The evaluation indicated that IperionX’s rare earth minerals are suitable as a high-quality feedstock to supply UUUU’s commercial production of mixed rare earth carbonate. Energy Fuels also indicated that it plans to build solvent extraction (“SX”) rare earth separation infrastructure at its mill moving forward, which means the facility could produce separated rare earth oxides from high-quality feedstocks such as the rare earth…

MondayMar 07, 2022 11:45 am

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Signs Purchase Option Agreement for Ranger/Otter Project

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 entered into a purchase option agreement with 1544230 Ontario Inc. The agreement, entered into on behalf of Perry English and Gravel Ridge Resources Ltd., gives StraightUp Resources the exclusive right and option to acquire an undivided interest in the Ranger/Otter mining project, which is located in Red Lake, Ontario. According to the announcement, the agreement is subject to a 1.5% net smelter returns royalty. The agreement also notes that StraightUp Resources has the…

TuesdayMar 01, 2022 3:10 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Targeting Cash Flow Generation, Leveraging Advanced Technology to Guide Explorational Focus

StraightUp Resources (CSE: ST) (OTCQB: STUPF), a company that has, since inception, remained committed to mineral exploration as well as the acquisition of mineral property assets both in North and South America, now seeks to tap into expected growth trends while generating cash flow. StraightUp has been on an aggressive campaign to secure properties in the region, having most recently acquired the West Cat Mine in the historic Beatty Mountain Mining District in Nye County, Nevada. The company has also secured rights of exclusivity with Premier Silver Corp, signaling a possible entry into Peru. “While these acquisitions have been integral…

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