MiningNewsBreaks Archive - Page 85 of 116

WednesdayDec 15, 2021 11:00 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Strategic Venture with NSP to Develop Novel REE Metal-Making Technology

Energy Fuels (NYSE American: UUUU) (TSX: EFR) today announced the execution of a memorandum of understanding (“MOU”) with Nanoscale Powders LLC (“NSP”) for the development of an innovative technology for the production of rare earth element (“REE”) metals. “Metal-making is a critical step in the rare earth supply chain. Energy Fuels has already restored monazite ‘crack-and-leach’ capabilities to the U.S. at our White Mesa Mill in Utah, where today we are producing a high-purity mixed rare earth carbonate, which is ready for separation. No other company in the U.S. is currently producing a high-purity REE product ready for separation at…

TuesdayDec 14, 2021 2:28 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Positioned Amid Expected Strong Growth in Nuclear Energy

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest producer of uranium in the United States, is committed to playing a significant role in the growing uranium mining sector. According to a Business Research Company report, the uranium mining market is projected to reach nearly $10.18 billion next year and should see CAGR of 4.6% during the forecast period (https://ibn.fm/vvT93). “With nuclear energy expected to see strong growth in the coming years as nations around the world work to provide affordable, sustainable clean energy, Energy Fuels looks to be in an ideal position. The company is the leading producer of…

FridayDec 10, 2021 1:29 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Expanding Market Reach

StraightUp Resources (CSE: ST) (OTCQB: STUPF), at the beginning of the year, broke down its 2021 exploration program into four elements: historical data review, compilation and interpretation; examining historical drill core (“ENDM” core library, Red Lake); geological mapping and sampling; and geophysical surveys. “The objective was to add new 2021 data to enhance interpretations, locate prime locations for drilling holes and conduct soil sampling to inform the company’s investment decisions and guarantee a return on its investment,” reads a recent article. “So far, these efforts have allowed StraightUp to acquire prime properties with tremendous potential to maximize shareholder wealth. It…

WednesdayDec 08, 2021 1:31 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Scheduled December Launch of Proprietary Cryptocurrency Exchange

Asia Broadband (OTC: AABB) today announced a confirmed release date of Dec. 28, 2021, for its proprietary cryptocurrency exchange (the “Exchange”) within the AABB Wallet. In collaboration with AABB’s digital assets developer, the integration and testing of network components continues in preparation for the initial staged launch of the Exchange. Currently, 150 cryptocurrency Exchange trading pairs have been added into to the BCGateway platform, while 50 more will be added in the coming weeks. The Exchange project has evolved in recent months to vastly improve the finished product. This includes the addition of many new features and capabilities to expand…

MondayDec 06, 2021 3:43 pm

MiningNewsBreaks – Ceylon Graphite Corp. (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) Announces Strong Initial Resource Estimate for K1 Mine

Ceylon Graphite (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) today announced the filing on SEDAR the results of an initial NI 43-101 mineral resource estimate for the K1 Mine Project in Sri Lanka. According to the update, the estimate comprised of total indicated and inferred resources of 274,489 tonnes at a grade of more than 90% Cg. “We are very pleased with this strong resource estimate for the K1 Mine. K1 is the first of potentially 10+ mining prospects of similar potential contained within our land package, covering 30,000 acres containing many of the 3,000 abandoned mines,” Ceylon CEO Don Baxter said…

MondayDec 06, 2021 12:42 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Focused on Efforts to Support ESG Priorities

Energy Fuels (NYSE American: UUUU) (TSX: EFR) places a high priority in the production of raw materials that support global clean-energy efforts. This comes as the world is becoming more focused on and committed to clean energy and sustainability, with companies in every sector recognizing the importance of advancing ESG (environmental, sustainability and governance) priorities. “With that as a backdrop, Energy Fuels does much more than just produce uranium, which is the fuel for nuclear energy, producing 50% of all clean, carbon-free electricity in the U.S.,” a recent article reads. In addition to producing uranium, UUUU began operations to recover…

ThursdayDec 02, 2021 1:28 pm

MiningNewsBreaks – Excellon Resources Inc.’s (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Platosa Marks 4th Quarter of >21,000 Tons Mined and Milled

Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) is a diversified metals producer with a precious metals growth pipeline that includes Mexico’s Platosa Mine, Kilgore, a high-quality gold development project in Idaho, as well as and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany boasting more than 750 years of mining history. The company recently released details of its robust second-quarter production numbers generated from its Durango, Mexico-based Platosa Mine. “Excellon saw silver production of 296,013 ounces, lead production of 1.9 million pounds and zinc production of 2.5 million pounds — in aggregate totaling…

WednesdayDec 01, 2021 1:06 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Announces DTC Eligibility

StraightUp Resources (CSE: ST) (OTCQB: STUPF) today announced its receipt of confirmation from the Depository Trust Company (“DTC”) that its common shares are now eligible for electronic clearing and settlement through DTC in the United States. DTC eligibility reduces costs and accelerates the settlement process for investors and brokers, allowing the company's common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. “DTC eligibility improves StraightUp’s access to the marketplace during our next phase of growth,” said StraightUp’s president and CEO Mark Brezer. “I expect our shareholders to benefit from…

TuesdayNov 30, 2021 1:57 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters Definitive Acquisition Agreement for High-Grade Bonanza Gold Mine Project

Asia Broadband (OTC: AABB) today announced its entry into a definitive purchase agreement to acquire a 100% interest in the Bonanza Gold Mine Project. According to the update, the company came to terms with Martin Augusto Vallejo Lujambio for the 19.25-hectare concession # 221977, Bonanza, located approximately 48 kms southeast from the city of Acaponeta and 3 kms from the town of El Carrizo, in Nayarit, Mexico. The property’s total purchase price was $6 million, split into $ 2 million cash and $ 4 million in restricted shares of Asia Broadband. The project is another prospective high-yield asset addition in…

MondayNov 29, 2021 2:58 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Discovers Multiple Targets Through Exploration of Ferdinand Gold Project

StraightUp Resources (CSE: ST) (OTCQB: STUPF) today announced that its 2021 ground exploration and heli-bourne magnetic surveys on the Ferdinand Gold Project (the “property”) are complete. According to the update, all available geologic data has been compiled by Orix Geosciences, with their structural interpretation confirming multiple areas of high merit and potential mineralization on the property. StraightUp Resources has the right to acquire 100% interest in the property consisting of 17 contiguous mining claims covering 7,143 hectares located in the south Uchi greenstone belt, 120 km east of Red Lake, Ontario. “We now have confirmation of D2 folding and ultramafic…

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