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FridayFeb 03, 2023 11:03 am

Norway Discovers Huge Mineral Deposits On Seabed

Norwegian authorities revealed last week the discovery of “substantial” amounts of mineral deposits on its continental shelf seabed. Officials announced that a study had discovered the presence of significant metal and mineral deposits ranging from rare earths to copper along the seabed on its extended continental shelf. Led by the Norwegian Petroleum Directorate (NPD), the study unearthed the presence of niobium, cobalt, magnesium and rare earth metals that are documented on the European Commission’s critical minerals list. Norway is one of the largest oil and gas exporters in the world, with the Nordic country planning to export an estimated 122…

FridayFeb 03, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) – Los Azules Project Could Be World’s Next Copper Unicorn

Both gold and copper have seen significant increases in market value in recent months, and copper is forecast to be one of the best-performing of all commodities in 2023, based upon increased demand and projected shortages McEwen Mining is a majority shareholder of McEwen Copper, which owns the Los Azules copper deposit in Argentina, one of the largest undeveloped copper projects in the world McEwen Copper plans to update its PEA (preliminary economic assessment) during Q1 2023, follow with IPO during Q2, and complete the Feasibility Study in 2024 Historically, gold has been a staple in investment portfolios due to…

ThursdayFeb 02, 2023 12:37 pm

Four Compelling Reasons to Invest in Precious Metals

Investing in precious metals can seem like a pointless endeavor as gold and silver don’t generate interest and will not grow investments in any way. This is contrary to other asset classes that generate interest and dividends, allowing investors to steadily grow their investments and earn a passive income. Such asset classes can be quite lucrative for investors, especially as the U.S. Federal Reserve has raised benchmark interest rates for several consecutive months and increased the potential earnings investors could earn from certain holdings. So why would an investor who is new to the precious metals market invest their hard-earned…

WednesdayFeb 01, 2023 12:27 pm

UK Grid Operator Asks Coal Plants to Stand Down Hours After ‘Warm-Up’ Request

National Grid instructed coal-fired power plants to stand down hours after issuing them an order to “warm up” last week. The United Kingdom grid operator had asked one unit at West Burton, Nottinghamshire, and two in Drax, Yorkshire, to do so before midnight on Wednesday night. The Electricity Supply Operator (ESO) asked the West Burton unit to stand down on Thursday morning before informing the two coal units in Drax later that they also would not be firing up. These three coal-fired power plants were placed on standby to produce additional power amid an energy crunch that has significantly increased…

WednesdayFeb 01, 2023 9:00 am

Flush With Cash, Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Intersects New Gold/Copper Zone

Arizona Metals owns two highly compelling properties in Arizona, the Kay Mine Project and Sugarloaf Peak The company had $58 million in cash at the end of Q3, enough to complete its ongoing Phase 2 drilling program, as well as a large Phase 3 program to continue building the resource at the Kay Mine Deposit, and explore around it for additional deposits The latest drill results provided more compelling data, including discovery of a new gold/copper zone and extension of known mineralization The U.S. mining industry produced $90.4 billion in non-fuel metals in 2021, with Arizona being the single-largest producer…

TuesdayJan 31, 2023 12:31 pm

What You Should Know About Adding Precious Metals to Your Investment Portfolio

The demand for precious metals has increased greatly these last few years. Precious metals such as silver and gold are great for introducing a bit of stability into your portfolio, particularly if you’re keen on diversifying it. While traditional currencies tend to fluctuate in value over time, especially during times of economic upheaval when their purchasing power can reduce drastically, precious metals tend to maintain their value. This means that adding some gold or silver to your portfolio can allow you to retain your purchasing power, even as economic inflation reduces the utility of fiat currencies such as the U.S.…

TuesdayJan 31, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Is ‘One to Watch’

Ucore currently owns REE mining projects and advanced separation technology Commercial demonstration of the company’s RapidSX(TM) technology is ongoing Ucore plans several modern REE refineries in North America, with the first SMC slated to begin construction in Louisiana in 2023. This planned REE separation and rare earth oxide production plant is scheduled to process 2,000 tons of total rare earth oxides by the end of 2024, increasing to 5,000 tons in 2026 Through its strategic partnerships with Kingston Process Metallurgy Inc., Mech-Chem Associates Inc. and other supporting contractors and vendors, Ucore is developing a North American REE supply chain Ucore…

MondayJan 30, 2023 11:17 am

BHP Enters Agreement to Explore for Copper in Serbia

BHP Group has entered into an agreement with Serbia involving the exploration for copper in the country. The Australian multinational mining, metals and natural gas petroleum public company is focused on expanding efforts to find new copper deposits because the metal will play a crucial role in the green revolution. BHP is bullish on copper’s outlook because the red metal’s use in grids, wind turbines and electric cars grows. With the demand for copper expected to surpass supply in the near-term, concerns about shortages in the long-term are growing. Last month, BHP also acquired OZ Minerals Ltd. for more than…

MondayJan 30, 2023 9:00 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Releases Exploration Update, 100%-Owned VMS Deposit Shows Significant Potential

AZMCF expanding the 100%-owned Kay Mine Projects in Arizona, surrounded by sixty historic underground VMS copper, gold, zinc, and silver mines Volcanogenic massive sulfide (“VMS”) deposits are critical global sources of copper, zinc, lead, gold, and silver ores Recent company update reveals progress on Kay Mine Project, including 33,000 meters of core drilling completed in 2022, drill permits received for Central and Western targets, and drilling initiated on targets outside deposit Company fully funded (cash of $58 million at Sept 30, 2022) to complete remaining 8,600 meters for Kay Mine Phase 2, as well as 76,000 meters for Phase 3…

FridayJan 27, 2023 10:40 am

Dollar Devaluation, Soaring US Debt May Trigger Precious Metals Boom

Traditionally, precious metals such as silver and gold have seen their values soar during times of economic upheaval because of their ability to retain their value. While other investments may depreciate during an economic downturn, precious metals tend to retain their value, allowing investors to retain the value of their holdings even as other commodities lose value. However, while you would expect that precious metals would have performed admirably in 2022 due to global economic stagnation, several other factors prevented this from happening. One key factor was the increased value of the U.S. dollar, which increased the opportunity cost of…

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