MiningNewsBreaks Archive - Page 93 of 100

ThursdaySep 17, 2020 1:27 pm

MiningNewsBreaks – Kingman Minerals Ltd. (TSX.V: KGS) Set to Benefit as Gold Surpasses Forecast Numbers, Reaches Record Price

Kingman Minerals (TSX.V: KGS), a Canadian-listed gold miner with extensive claims in key mining jurisdictions spanning the North American continent, is ideally positioned in a market where gold recently crested the $2,000 per oz. mark. Investors looking for a safe haven in a chaotic market are sparking the record-breaking spike, with the precious metal rising by $560 an oz. already this year. And experts don’t expect the price to level out any time soon. Goldman Sachs recently revised its previous gold forecast of $2,000 per oz., announcing that it now epects that the market will see gold at $2,300 an…

WednesdaySep 16, 2020 3:35 pm

MiningNewsBreaks – Why GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Is ‘One to Watch’

GoldHaven Resources (CSE: GOH) (OTCQB: ATUMF) is positioning for opportunity as gold prices continue a remarkable run, in 2020 breaking above $2,000 per ounce for the first time on record. The company has recently announced acquisition agreements for multiple gold projects in Chile, including several advanced projects and assets located in the country’s prolific mining area known as the Maricunga Gold Belt. A recent article discussing the company reads, “GoldHaven Resources (formerly Altum Resources Corp.), a Canada-based company engaged in the business of acquiring and exploring mineral resource properties, recently announced its entry into agreements to acquire seven advanced gold…

WednesdaySep 16, 2020 12:40 pm

MiningNewsBreaks – Petroteq Energy Inc. ‎(TSX.V: PQE) (‎OTC: PQEFF) (FSE: PQCF) Announces Completion of Study, Confirmation of Technology’s Lower Costs and Increased Capabilities

Petroteq Energy (TSX.V: PQE) (‎OTC: PQEFF) (FSE: PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, has completed a Pre-FEED (preliminary) design for a proposed 5,000 bopd oil sands plant (single train). The study, conducted by Crosstrails Engineering LLC, a subsidiary of Valkor LLC, confirmed that an initial 5,000 bopd train can be constructed using conventional oil processing equipment at an estimated cost of $92.5 million. The study also noted that the same design, in a 2-train configuration, can be used for a proposed 10,000 bopd oil sands plant in Eastern…

TuesdaySep 15, 2020 10:09 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), Other US Uranium Producers to Benefit from Extended Limitations on Russian Imports

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, announced that the U.S. Department of Commerce has finalized a deal with Russia to reduce Russian imports through 2040. The Russian Suspension Agreement extends limitations on uranium imports from Russia into the United States and is a key step toward reviving the long-term health of the U.S. uranium mining industry. The agreement was originally scheduled to expire at the end of 2020 and could have resulted in unlimited Russian uranium imports into the country. “Energy Fuels thanks the Department of Commerce for its efforts in…

ThursdaySep 10, 2020 12:55 pm

MiningNewsBreaks – Kingman Minerals Ltd. (TSX.V: KGS) Leverages Innovative Production Strategy as Gold Continues Its Reign

Kingman Minerals (TSX.V: KGS), a Canada-listed gold miner with extensive claims in key mining jurisdictions spanning North America, intends to increase gold production in anticipation of rising prices. Despite recent drops, the value of gold continues to endure and set record highs as investors shift capital to “safe haven” assets like precious metals. A recent article discussing this reads, “KGS anticipated the rising trend of gold prices long before they reached this critical point, sourcing historic mining sites throughout North America as part of its production strategy aimed at extracting the remaining gold left behind by previous generations through the…

ThursdaySep 10, 2020 12:28 pm

MiningNewsBreaks – Manganese X Energy Corp. (TSX.V: MN) (FSE: 9SC2) (OTC: MNXXF) Produces High-Grade EV Battery Material with Development Partner

Manganese X Energy (TSXV: MN) (FSE: 9SC2) (OTC: MNXXF) announced that, working in conjunction with Kemetco Research Inc., the company has improved flowsheet optimization to produce high-grade battery material for the EV and stored-energy space. Manganese X Energy noted that it had received metallurgical results from Kemetco in the development process that demonstrate greater efficiency and improved economics leading to commercialization. The announcement noted that this “transformational achievement” demonstrates key resource material can be compliant with electric vehicles and other requirements. The two companies are working to produce ultra-high-purity, battery-grade manganese products for the growing electric-vehicle and energy storage sectors,…

WednesdaySep 09, 2020 11:42 am

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Begins Trading on OTCQB Exchange

GoldHaven Resources (CSE: GOH) (OTCQB: ATUMF) president and CEO David Smith has announced that GoldHaven has received an upgrade to trade on the OTCQB(R) exchange. Based in New York City, OTCQB is a United States stock market operated by OTC Markets Group. Formerly known as the Altum Resources Corp., GoldHaven will trade its shares on OTCQB under the ticker symbol ATUMF. "We are very pleased to begin trading on OTCQB and continue our outreach into the U.S," Smith stated in the press release. “Further, it will provide liquidity in the trading of its shares and create an opportunity for American…

WednesdaySep 09, 2020 10:48 am

MiningNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Announces First Large-Volume Shipment from DLE Demonstration Plant

Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF), an innovative technology and lithium project development company, today announced that it has shipped its first large volume of lithium chloride product from the company’s Direct Lithium Extraction (“DLE”) Demonstration Plant for final conversion to lithium carbonate. “Standard Lithium keeps on delivering and de-risking our pre-commercial plants. We’ve been successfully operating our first-of-its-kind industrial scale DLE plant in Arkansas, and we’ve been continuously making lithium chloride product for months,” Dr. Andy Robinson, president and COO of Standard Lithium, said in the news release. “We’re now at the point where we’ve got our…

WednesdaySep 09, 2020 10:04 am

MiningNewsBreaks – Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Announces Strategic Transaction, New Cornerstone Shareholders

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B), on Tuesday announced its entry into a binding term sheet to acquire rights to 1,500 acres adjoining the company's Bullfrog Gold Deposit from Barrick Gold Corporation (TSX: ABX) (NYSE: GOLD) and a C$22 million financing to be completed by Augusta Investments Inc. Among the highlights of the transaction, Barrick and Augusta will become new cornerstone shareholders, with Barrick to own 15.9% and Augusta to own 31.9% of Bullfrog's shares outstanding after closing, calculated on an undiluted basis. “This is potentially another value-creating transaction which, once completed will consolidate assets to create…

TuesdaySep 08, 2020 11:42 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Delivers Notice to Debenture Holders, to Reach Debt-Free Status by October

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, has announced a cash redemption of all outstanding debentures; the redemption will result in the company being debt free by Oct. 6, 2020. To reach this significant milestone, the company announced that it had delivered a notice to holders of currently outstanding debentures, which it plans to redeem on Oct. 6, 2020. The announcement notes that the debentures are redeemable for an amount equal to 101% of their principal amount plus accrued and unpaid interest up to but excluding the redemption date. "Energy Fuels is…

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