MiningNewsBreaks Archive - Page 90 of 116

WednesdayJul 21, 2021 9:43 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Historically High Productivity Rates for Platosa Mine

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced second quarter 2021 production results from the Platosa Mine in Durango, Mexico. Among the highlights, the company reported silver equivalent (“AgEq”) production of 487,009 oz. In addition, Platosa achieved its fourth consecutive quarter of over 21,000 tonnes mined and milled, with record tonnes mined (86,316) and milled (88,648) over the trailing twelve months. “Platosa delivered a fourth consecutive quarter of production at historically high productivity rates,” said Brendan Cahill, president and CEO of Excellon Resources. “We continue to see room for improvement, with our ongoing work to improve recoveries at…

TuesdayJul 20, 2021 10:45 am

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

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole LC21-22 at its Augustus Lithium Property in Quebec, Canada. According to the update, the drill hole intersected a 10.5-meter-wide zone with 1.22% lithium oxide (“Li 2 O”) at 69 metres (“m”) drilled depth. There are additional anomalous values of other rare metals, including average values of niobium (“Nb”) 65 parts per million (“ppm”), rubidium (“Rb”) 967 ppm, tantalum (“Ta”) 83 ppm, beryllium (“Be”) 187 ppm, cesium (“Cs”) 39.9 ppm, and iron (“Fe”) is 0.42. The company reported that there is an…

ThursdayJul 15, 2021 11:31 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), International Consolidated Uranium Inc. (TSX.V: CUR) (OTCQB: CURUF) Announce Acquisition, Strategic Alliance

Energy Fuels (NYSE American: UUUU) (TSX: EFR) and International Consolidated Uranium Inc. (TSX.V: CUR) (OTCQB: CURUF) today announced that CUR has entered into a definitive asset purchase agreement with certain wholly owned subsidiaries of Energy Fuels (collectively, the “EF parties”). Under the agreement, CUR will acquire a portfolio of conventional uranium projects located in Utah and Colorado (the “projects”) from the EF parties (collectively, the “transaction”). In connection with the closing of the transaction, the companies have also agreed to enter into toll-milling and operating agreements with respect to the projects, which positions CUR as a potential near-term U.S. Uranium producer subject to…

WednesdayJul 14, 2021 10:06 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces 1.35% Drilling at Its Quebec Property Drill Hole

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has released results of drill hole LC21-003 at its Augustus Lithium Property in Quebec, Canada. The announcement stated that the drill hole intersected a six-meter-wide zone with 0.62% lithium oxide (“Li2O”) at 45 meters in depth; the hole included a two meter-wide wide intersection with 1.35% Li2O at 48 meters depth. In addition, a second two-meter-wide pegmatite intersection assayed 0.63% Li2O at 73 meter depth. First Energy noted that its trenching and sampling program is still underway. The company stated that several historical drill hole collars were located throughout the Augustus Lithium Property,…

TuesdayJul 13, 2021 12:23 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces Completion of Share Retirement, 120M Reduction in Total Outstanding Shares

Asia Broadband (OTC: AABB) today announced that its management and board of directors recently completed the retirement and return of 120 million restricted common shares to the company treasury. According to the update, the reduction in the total outstanding company shares was 13 million more than the 107 million share reduction previously approved and announced in May. Asia Broadband’s initiative to create shareholder value led to the agreements with several third-party shareholders to retire the 120 million shares. In addition, AABB expects to retire more shares to its treasury in the near future with the ongoing plans to continue the…

WednesdayJul 07, 2021 10:10 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Begins Shipping Rare Earths Materials to Europe in Key Supply Chain Move

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, announced that it has shipped the first container of mixed rare earth (“RE”) carbonate from its White Mesa Mill in Utah to Neo Performance Materials in Estonia, thus creating a new rare earth supply chain from the United States to Europe. The container, which contained approximately 20 tonnes of RE carbonate, is one of 15 planned for shipment as Energy Fuels continues to process natural monazite sand ore mined in the U.S. Once the RE carbonate arrives at the New Performance Materials plant, it will be…

ThursdayJul 01, 2021 12:02 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Positioned Amid Silver’s Rising Demand/Declining Supply

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) is a silver and base metals producer with precious metal projects located in Mexico, Idaho and Germany. According to a recent article, “The World Silver Survey has forecast a rise in total silver demand in 2021 of 15% to 1.03 billion ounces, with industrial demand set to rebound by 8% year-over-year. However, the rosy demand outlook contrasts against the commodity’s rapidly declining supply profile. In 2020, global mine production registered its fourth consecutive annual decline, with silver output declining by 5.9% to 784.4 million ounces.” The piece further clarifies that the…

ThursdayJul 01, 2021 11:46 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Eyes Promising Assay Results in Leveraging Mine-to-Token Strategy

Asia Broadband (OTC: AABB), a precious metals resource holder and cryptocurrency developer, has been assessing several gold mining projects and has issued letters of intent (“LOIs”) for mines and processing facilities in the Mexico-based states of Jalisco and Nayarit. These efforts are underway in order for AABB to add to its gold holdings under its mine-to-token strategy. The company is moving forward with its intent to acquire new gold reserves and recently announced that one of the mines subject to its LOI has produced high-grade assay results from random samples collected throughout the property when due diligence procedures began. “The…

WednesdayJun 30, 2021 10:45 am

MiningNewsBreaks – Gratomic Inc. (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) Prepares for Pioneering Move to Begin Commodity Trading on TM2

Gratomic (TSX.V: GRAT) (OTCQX: CBULF) (FRANKFURT: CB82) today announced that it will soon begin trading graphite on the metals exchange platform Technology Metals Market ("TM2"). TM2 has officially launched the world's first technology metals marketplace in partnership with NASDAQ, providing access to high-value metals that power technology globally. According to the update, Gratomic continues the development of its M97 graphite product and the commissioning of its Aukam processing plant as scheduled. A versatile and customizable graphite product, M97 can be used for various applications. Upon completion of M97 development and commissioning of the Aukam facility, the company will begin supplying…

TuesdayJun 29, 2021 1:04 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Making Strides to Restore Critical US Rare Earth Supply Chains

Energy Fuels (NYSE American: UUUU) (TSX: EFR) continues to focus on its efforts to produce commercial rare earth elements (“REEs”) as well as on uranium production as the U.S. government looks to support moves to limit dependence on other countries for the mining and production of various metals. “Without a doubt, Energy Fuels is making major strides toward restoring critical U.S. rare earth supply chains while also maintaining our position as the leading U.S. uranium producer,” said UUUU’s president and CEO Mark S. Chalmers in a recent update. “On rare earths, our efforts over the past several months culminated in…

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