NewsRoom Articles - MiningNewsWire

FridaySep 20, 2024 10:00 am

Gold Hits New Price High as Wall Street Awaits Fed Rate Decision

New reports show that the price of gold dipped slightly this week after hitting a new record of $2,617.40, based on Comex December futures. The price of silver has also risen slightly, with figures showing that the metal’s price rose to $31.23, a $0.16 increase. The Fed’s Open Market Committee meeting, which ended yesterday with a press conference and statement from Jerome Powell, the Fed’s chairman, is this week’s data point. In July, the committee kept the rate of federal funds unchanged at 5.25–5.5%, while decreasing holdings of U.S. Treasury securities. Latest figures show that thinking in the marketplace has…

ThursdaySep 19, 2024 9:45 am

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Boasts North American Gold Projects of High-Grade Gold Content

Dynasty Gold represents a significant investor opportunity in the secure North American gold market, holding a still small market resting on an impressive portfolio potential. The company has two 100% owned gold assets (Ontario and Nevada) in two of the most desirable mineral belts in North America. Thundercloud project hosts a measured and indicated resource of 232,000 oz at 8.04 g/t, an impressive high-grade for an open–pit mine, or 439,000 at 2.14 g/t (internal resource estimate, not NI43-101), a robust open-pit mine. The drill holes are shallow holes of less than 250 meters in length and it opens at depth.…

WednesdaySep 18, 2024 10:00 am

Russia Moves to Exploit Bolivia’s Lithium Reserves

Bolivia is home to the largest lithium deposits worldwide. Lithium has many uses, among them its use in rechargeable batteries for electric vehicles as well in energy storage. The demand for the metal is increasing as the transition to clean energy is adopted by more countries around the globe. In an effort to become a major player in the international lithium market, Bolivia recently entered into a partnership with Uranium One Group to construct a lithium carbonate plant in the Uyuni salt flats. The salt flats hold an estimated 21 million tons of the silvery-white metal. Uranium One Group is…

WednesdaySep 18, 2024 9:45 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) Details Recent Milestones, Upcoming Goals in MiningNewsWire Podcast

Company’s flagship Duquesne West Gold Property is believed to host an estimated historical mineral resource of 727,000 ounces of gold. Emperor Metals aims to scale this resource as quickly and efficiently as possible, with the goal of increasing its market cap and enhancing shareholder value. An updated mineral resource estimate (“MRE”) is planned for Q1 2025, based on drilling results achieved last year and this year’s overall 16,000 meters assayed, and associated cutoff grades are planned to be significantly lowered. Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH), an advanced stage gold exploration company, was recently featured on IBN’s The…

TuesdaySep 17, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Announces Expansion of Historic Project as EV Market Forecasted to Reach 50% of Global Sales

An estimated 50% of all cars sold globally will be EVs by 2035, predicts the International Energy Agency’s Global EV Outlook. Fathom Nickel reports that the geochemical footprint of its Gochager Lake deposit has been extended by up to four kilometers. Company “ecstatic” with the results from soil and rock geochemistry program, says CEO. Despite headlines touting a slowing electric vehicle market, Forbes reports that actual data shows increasing sales, with projections indicating almost one-half of all cars sold in by 2035 will be EVs (https://ibn.fm/CuHiK). Those numbers are good news for Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), a…

MondaySep 16, 2024 10:00 am

Wood MacKenzie Report Highlights Complexities in Mining Copper Supplies

Copper is expected to play a significant role in electrification as the world works to decarbonize supply chains to reduce global emissions. As the demand for the red metal increases, obtaining a steady supply of the metal has become a priority for industries and governments alike. However, a recently published report by Wood Mackenzie highlights that making this a reality may be harder than investing in new mines. The report starts by explaining that without copper, the world cannot decarbonize. It adds that with demand expected to increase as countries work toward achieving climate goals, the demand for the red…

MondaySep 16, 2024 9:45 am

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Is ‘One to Watch’

Gold may be at the front edge of a new commodity supercycle. Dynasty Gold is conducting a low-cost drill program at an all-in cost of $250 per meter, with shallow drill holes and extremely high-grade (averaging 8.04 g/t) for an open pit. The Thundercloud property boasts access to excellent infrastructure, positioning it as a turnkey operation. Dynasty Gold is led by a team of accomplished geologists with a track record for discoveries, such as a former chief geologist for Newcrest Mining; a member of its board was inducted to the Mining Hall of Fame. In August 2024, the company completed…

MondaySep 16, 2024 9:00 am

Emperor Metals Inc. (OTCQB: EMAUF) (CSE: AUOZ) (FRA: 9NH) Seen as Standing Out in an Already Promising Sector

The argument for investing in gold juniors has never been more compelling, for a number of reasons: Serious economic pressures continue to push gold prices to historically unprecedented levels, with the spot price up roughly two-fold from the $1500 range that held for nearly a decade Although there is often a delay between the price of metals and the price in associated stocks, gold juniors are expected to see, or are already seeing, a rise in earnings and free cashflow. A trend further accelerated by a looming dearth of new, logistically viable discoveries sufficient to meet forward demand for the…

FridaySep 13, 2024 10:00 am

The World’s Top 5 Nickel Mines, Ranked

Nickel’s popularity has been growing in the recent years, with the automotive sector being the largest consumer of the element. In addition to nickel being used in electric-vehicle batteries, it is also utilized in stainless-steel production as well as in electroplating as it offers a decorative and protective coating. The aerospace sector also uses superalloys based on nickel in their jet engines because they can weather high temperatures. Further, the element is used as a catalyst by the chemicals industry for a range of processes, including petroleum refining and margarine production. Currently, the top nickel producer globally is Indonesia,with the…

FridaySep 13, 2024 9:45 am

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Production Numbers Indicate Potential for Growth Amid Increasing Global Gas Demand

IEA forecasts global increase in gas demand. Trillion Energy is reporting August production numbers that show robust performance, significant gas revenue. Trillion Energy’s growth represents company’s strengthening foothold in the European energy market. As the International Energy Association (“IEA”) predicts a global increase in demand for gas (https://ibn.fm/L7Xue), Trillion Energy International (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye, is releasing its August production update for its oil and gas fields. The report indicates the company’s expectations of “robust performance and strategic developments” along with “significant gas revenue growth” (https://ibn.fm/mwhYt). “Natural…

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