MiningNewsBreaks Archive - Page 87 of 107

MondayApr 26, 2021 2:04 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) to Utilize ISR to Supply Global Utilities, US Needs

Uranium Energy (NYSE American: UEC) aims to change the current state of affairs in the United States as the country is struggling to maintain its uranium industrial base. “The United States is now nearly completely dependent on foreign uranium imports. Meanwhile, the nation’s domestic enrichment capacity is close to non-existent,” reads an article highlighting Scott Melbye’s testimony at the Senate Committee hearing. Melbye, UEC’s executive vice president, elaborated that the United States possesses over one billion pounds of uranium in known and likely deposits and that his company is keen on turning the tide. “Uranium Energy Corp has worked towards…

MondayApr 26, 2021 11:30 am

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Announces Results of Phase I Drilling at Rio Loa

GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, today announced the results of the recently completed Phase 1, five-hole (1,793 meters) reverse circulation ("RC") drill program at Rio Loa. The program was designed to test a series of geochemically (lead-arsenic) and geophysically (magnetics and IP) defined high-sulphidation epithermal gold targets associated with a broad zone of steam heated alteration (silica-clay). Although none of the RC holes reached planned depths due to the presence of clay-rich ground water, higher-temperature alteration minerals and anomalous pathfinder geochemical elements (arsenic,…

FridayApr 23, 2021 12:57 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), Penn State Receive $1.75M to Complete Rare Earth Feasibility Study

Energy Fuels (NYSE American: UUUU) (TSX: EFR), along with a team from Penn State University has received additional funds to complete an ongoing feasibility study focused on the production of rare earth element ("REE") products from natural, coal-based resources. The funds were awarded by the U.S. Department of Energy ("DOE") Office of Fossil Energy and National Energy Technology Laboratory, which provided an initial $150,000 for the study last year. The study also looks at the production of REE products from other materials such as REE-containing ores like the natural monazite ore produced at UUUU’s White Mesa Mill, located in Utah.…

ThursdayApr 22, 2021 10:29 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters LOI to Acquire Acaponeta Gold Project

Asia Broadband (OTC: AABB) today announced its entry into a letter of intent (“LOI”) to acquire a historic-production mine property in the prolific mining region of Acaponeta in Nayarit, Mexico. The high-grade acquisition target, located approximately 48 kms southeast from the city of Acaponeta and 3 kms from the town of El Carrizo, has existing infrastructure, two mine sites and a facility capable of processing 200 tons per day. The Acaponeta gold project is another prospective high-yield asset addition in Asia Broadband’s strategic expansion initiative to acquire production and increase AABB’s physical gold holdings. In the coming weeks, the company…

ThursdayApr 22, 2021 9:49 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces High-Grade Silver Drill Results at Platosa Mine

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced results from underground expansion and exploration drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported further definition and expansion of the Guadalupe North, 623, NE-1 and NE-1S mantos. Results from underground drilling include 1,293 G/t silver equivalent over 6.5 metres. "Underground drilling at Platosa continues to delineate high-grade silver," said Ben Pullinger, Excellon’s SVP of Geology and Corporate Development. "We are currently advancing development to support further drilling of the Gap Zone. As that development progresses, we are identifying areas of historical production where…

WednesdayApr 21, 2021 9:44 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Strengthens REE Position with Signing of MOU

Energy Fuels (NYSE American: UUUU) (TSX: EFR) announced that it has taken the next step in the development of a fully integrated U.S. rare earth element (“REE”) supply chain by signing a memorandum of understanding (“MOU”) with Hyperion Metals Limited. The MOU calls for Energy Fuels to receive natural monazite sands from Hyperion's Titan Project in Tennessee, which UUUU anticipates using to produce mixed rare earth element products at its White Mesa Mill in Utah. In addition, the announcement noted that the two companies have agreed to assess a potential partnership that would advance Energy Fuels’ initiative to create a fully integrated,…

TuesdayApr 20, 2021 2:34 pm

MiningNewsBreaks – Why Perpetual Industries Inc. (PRPI) Is ‘One to Watch’

Perpetual Industries (OTC: PRPI) is an incubator for the development of innovative technologies aimed at commercializing products with the potential to impact and advance a wide range of industries on a global scale. The company’s leadership team is comprised of experts and trusted industry partners with the resources to provide essential components needed to drive projects from their initial stages through to novel end products. “Perpetual Industries is expanding expertise and knowledge of energy-efficient technology by developing low-cost solutions for various industries, including artificial intelligence, blockchain mining, graphic rendering, renewable energy, cloud computing and internet of things (‘IoT’),” reads a…

TuesdayApr 20, 2021 1:57 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Promising Results During Advancement of Gold Mine Property Acquisition

Asia Broadband (OTC: AABB) today announced its receipt of mapping and rock sample assay results during the ongoing due diligence process regarding the letter of intent to acquire a historic production gold mine property and on-site processing facilities in the prolific mining region of Mascota in Jalisco, Mexico. Per the Los Reyes Preliminary Geological Report, non-targeted rock samples were randomly collected throughout the property at the beginning of the due diligence procedures. Among the most significant gold values assayed were 2.53 grams per ton (g/t), 2.25 (g/t) and 2.21 (g/t). Asia Broadband is highly encouraged by these general results, which…

MondayApr 19, 2021 12:15 pm

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) Releases Assay Results from Quebec Project

First Energy Metals (CSE: FE) has announced assay results from its Augustus Lithium Property in Quebec. Derived from 24 grab and channel samples of varying lengths, assay results revealed up to 4.61% lithium oxide. The samples consisted of varying lengths and were taken from the Beluga Pegmatite Zone with a surface exposure of more than 100 meters wide and 250 m along a strike located at the Canadian Lithium Prospect. The company noted that its field crew will be consistently cutting and sampling remaining outcrops, and those results will also be available soon. Additional sample details revealed that that three out of four…

FridayApr 16, 2021 12:21 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Featured in Research Report

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, was featured in a research report by H.C. Wainwright & Co. The piece covers ongoing wellfield development and resource delineation drilling at UEC’s Burke Hollow in-situ recovery (“ISR”) uranium project in Texas, as well as its fully funded physical uranium initiative. “We are reiterating our Buy rating on UEC and our PT of $5. Our valuation remains based on a DCF of future operations for the firm, utilizing our recently revised 7.5% discount rate,” the report reads. “We then add an in-situ value of $75.0M for…

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