NewsRoom Articles - MiningNewsWire

FridayJul 11, 2025 10:00 am

Why Thefts of Catalytic Converters Have Plummeted in the US

Catalytic converters contain a catalyst that helps convert pollutants like smog in exhaust systems into less harmful ones. Most vehicles that run on gasoline, including buses, trucks, motorcycles and automobiles have exhaust systems that use catalytic converters. In 2022, 5548 converters were stolen from motor vehicles in New York City. Former crime analyst supervisor, Christopher Herrmann, explains that these devices are stolen as they contain metals like platinum and palladium which can be extracted and sold for up to $500 to scrap yards. It costs about $2000-$3000 to replace a converter as the damaged electric lines, fuel line and undercarriage…

FridayJul 11, 2025 9:00 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Clears Regulatory Hurdle for 7.2 MW Hoadley Hill Solar Project in New York

The Hoadley Hill project has passed the CESIR process, a key step toward interconnection with the local grid. The 7.2 MW ground-mount solar array is expected to power the equivalent of 850 homes. The project is structured as a community solar initiative, enabling local residents to subscribe and receive utility bill credits. It will benefit from New York’s VDER compensation system, offering US$0.0971/kWh in projected year-one compensation. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout…

ThursdayJul 10, 2025 9:45 am

Why Nevada’s Walker Lane Could Be the Next Big Thing in Gold Mining

Lahontan Gold’s flagship Santa Fe Mine project sits in Nevada’s prolific Walker Lane, a geological corridor that has produced some of North America’s most significant gold discoveries The company’s 1.95-million-ounce Au Eq resource base, combined with previous production of 359,202 ounces gold and 702,067 ounces silver, demonstrates proven mineralization in a mining-friendly jurisdiction With Basel III regulations now recognizing gold as a Tier 1 asset and institutional demand surging, well-positioned junior miners like Lahontan are attracting renewed investor attention The gold mining sector finds itself at a fascinating inflection point. While spot gold prices continue reaching new all-time highs, recently…

ThursdayJul 10, 2025 9:00 am

Baker Hughes Report Shows Decline in US Oil, Gas Rigs

A recent report released by Baker Hughes shows that energy companies in the U.S. continue to reduce the numbers of natural gas and oil rigs in operation, signalling a continued slowdown in drilling activity. This past week, the natural gas and oil rig count fell to 539, its lowest number since 2021. Natural gas rigs saw their numbers drop to 108 while 7 oil rigs were shut down, bringing their total to 425. This marks a total decline of 46 rigs, which represents an 8% dip as compared to the same period in 2024. The rig count is an early…

ThursdayJul 10, 2025 9:00 am

New ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) CEO Discusses Background, Outlines Direct Revenue Building Strategy, Offers Forecast for Gold Market

Vancouver-based ESGold recently announced a leadership transition, as new CEO Gordon Robb comes aboard and former CEO Paul Mastantuono moves into COO position The new CEO talked about how the company’s near-term cash flow strategy, moving right to production from processing historic tailings, funding future exploration, is a more attractive opportunity to a risk-off investor market ESGold expects to begin mill circuit production on a tailings cleanup project later this year at an abandoned mine in Quebec The company holds 265 mining claims on the historic Montauban mine site and expects the tailings cleanup to both improve the environment and…

TuesdayJul 08, 2025 10:00 am

The West is Staring at a Looming Crisis in Metals Smelting

In recent years, China has imposed some restrictions on the export of rare earth metals like yttrium, samarium, lutetium, gadolinium, dysprosium, terbium, and scandium. The East Asian country has also become a global leader in base metals smelting, particularly for copper, steel, and aluminum. While technically impressive, China’s rapid smelting expansion has flooded the global market, driving down processing fees and profits and pushing many Western smelters to the brink. Chinese smelters recently entered a copper supply deal with Antofagasta that included zero conversion fees, an unprecedented move that shows smelters are now paying miners for ore, eliminating their primary…

MondayJul 07, 2025 12:30 pm

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) Positioned to Supply Critical Global Silver Demand from Bolivia Assets

New Pacific Metals owns two of the largest undeveloped open-pit silver projects globally, both located in Bolivia. Its flagship Silver Sand project is projected to produce 12 million ounces of silver annually at low all-in sustaining costs. The Carangas project could add 6.6 million ounces of silver annually, with over 1 million ounces of gold potential at depth. New Pacific is working through Bolivia’s permitting process to unlock the upside potential of its high-quality, large-scale projects. Global silver demand, particularly for industrial and renewable energy applications, adds urgency to project development. New Pacific Metals (NYSE American: NEWP) (TSX: NUAG), a…

MondayJul 07, 2025 11:05 am

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) Drives Metallurgical Testing to Unlock Santa Fe Value

Lahontan has commenced column leach testing at Santa Fe, targeting more efficient cyanide leach gold recovery in the mixed oxide-sulfide transition zone The Santa Fe project serves as the backbone of Lahontan’s development strategy Beyond metallurgical testing, Lahontan is preparing for an expanded 2025 drilling campaign to resource growth and project optimization Lahontan (TSX.V: LG) (OTCQB: LGCXF) is accelerating its mission to develop top-tier gold and silver assets in Nevada’s renowned Walker Lane, with a renewed focus on advancing the Santa Fe project toward production. In its latest strategic move to accomplish that mission, the company has initiated in-depth metallurgical testing…

MondayJul 07, 2025 10:00 am

Gold Completes its Best Six Months Since 2007

The price of gold bounced back at the start of the week, beginning the month with 25.7% in gains thus far into the year. Spot gold saw its price rise to $3281 an ounce, with experts arguing that the precious metal’s performance these past 6 months may be its best since the global financial crisis hit in 2007. Meanwhile, the dollar saw its value drop to new lows on the currency market amid growing concerns over President Trump’s economic and geopolitical policies. The Dollar Index dropped by 0.4%, hitting its lowest level since 2022. Over the last 6 months, the…

ThursdayJul 03, 2025 10:30 am

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Builds Funding in Ramp-up to Production on Strategic Mine Tailings Cleanup, and Reuse Project

ESGold is celebrating the successful close of a private placement funding effort that will generate important financing for the company’s planned launch of a mine tailings cleanup and reclamation project later this year The financing drive was oversubscribed by more than 11%, which ESGold executives hail as evidence that investors like the company’s strategy for generating revenue The company holds 265 mining claims on the historic Montauban mine site in Quebec, covering 13,116 hectares (about 32,410 acres) of gold and silver exploration ESGold expects to begin mill circuit production on the tailings cleanup later this year Mica recovered in the…

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