NewsRoom Articles - Page 110 of 159

TuesdayDec 21, 2021 3:07 pm

Asteroid Nereus Holds Precious Metals Worth Billions

Space mining is the exploitation of minerals from bodies in outer space. This type of mining has been heralded as a new way to obtain minerals without the environmental risks associated with land mining. This is in addition to revolutionizing the commercial space economy by creating employment opportunities for private astronauts and robots. Many believe that space mining is the future because it can facilitate the exploration for and extraction of precious metals and rare earth minerals from near-Earth asteroids. However, little has been done to advance the idea. Recently, an egg-shaped, near-Earth asteroid with a 330-meter diameter passed near…

MondayDec 20, 2021 3:35 pm

Newly Launched Uranium Fund Sending Shockwaves Through Nuclear Fuels Market

The Sprott Physical Uranium Trust was established roughly six months ago and is the only publicly listed fund in North America to invest in physical uranium. Currently, the Canadian-listed fund holds about one-third of the global annual supply of uranium, which is set to increase as time goes by. The trust’s establishment and significant growth has been sending shockwaves through the nuclear fuels market, which has spurred a rally in the heavy metal this year. Reports from Sprott show that its assets have risen in value to reach $1.9 billion, which has forced the product to increase its financing limit…

MondayDec 20, 2021 12:38 pm

Mining Developer StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Builds Gold & Silver Assets as Analysts Eye Inflation Trends

Mineral property exploration company StraightUp Resources is building a portfolio of gold and silver mining options in Canada, the United States and Peru The company has been particularly focused thus far on its options in Ontario, Canada’s prolific Red Lake mining district, where airborne surveys and follow up ground investigation have been completed to analyze site potential While gold’s market performance has been lackluster in recent months due to investor skittishness, many analysts predict that inflationary pressures will create a resurgence of gold-hungry activity Silver-bullish investors are likewise predicting the metals’ prospects will improve in coming years as a result…

FridayDec 17, 2021 3:08 pm

MIT Researchers Develop Potentially Superior Flow Battery

Researchers at MIT have created a zinc-manganese dioxide flow battery for the storage of energy for long durations, which may be more affordable in comparison to other energy storage technologies. This Zn-MnO2 flow battery has been designed using a new electrode that is made from a mixture that contains diffused manganese dioxide particles and a lot of carbon black. Carbon black is an additive that is electrically conductive, which was added to give it an electric punch as well as pigment. The researchers stated that the compound reacted with zinc plate or a zinc solution, which enabled efficient conversion of…

ThursdayDec 16, 2021 1:37 pm

Metals Focus Forecasts Silver Shortage Moving into 2022

A leading independent precious metals research consultancy expects silver to benefit from the rising price of gold early next year. The consultancy firm, Metals Focus, reported this in its recently released 2021/2022 annual report, which focuses on investment in silver, gold, palladium and platinum. Director of Silver and Gold at Metals Focus, Neil Meader, stated that the innate high volatility of silver meant that the metal could probably outperform gold during early 2022. However, the consultancy added that the metal’s prices would probably drop after this, especially when the Federal Reserve gives a more clear guidance on the timing of…

WednesdayDec 15, 2021 2:51 pm

Silver Institute Reveals Silver Demand Has Surged to Levels Last Seen in 2015

The impact of the coronavirus pandemic on most elements of physical supply and demand was significant, with a number of major silver mining countries being affected by the lockdown restrictions, which led to a decline in the supply of silver. However, in a recently released report, the Silver Institute stated that the international demand for silver is set to increase to 1.02 billion ounces in 2021. This figure is a 15% increase from last year’s figures as well as the first time global demand for the metal has exceeded a billion ounces since 2015. The forecast is a slight drop…

TuesdayDec 14, 2021 3:32 pm

Chinese Researchers Develop Redox Flow Battery with 99.98% Retention Capacity

Redox flow batteries are electrochemical energy storage devices, which convert chemical energy into electrical energy via reversible oxidation. Researchers have designed an aqueous redox flow battery with a positive electrolyte made from an organic molecule known as Tempo. Tempo is an electro-active aminoxyl radical with a high potential for energy and easily reversible oxidation states. The chemical compound, known by its (CH2)3(CMe2)2NO formula, is comprised of a bright-orange solid that has a free and stable radical nature. The compound can be stored for a long time and has different applications in molecular biology and organic chemistry. This is in addition…

TuesdayDec 14, 2021 1:05 pm

Mining Acquisition and Development Firm StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Improves US Market Access, Celebrates Report on Ontario Site Potential

Mineral property exploration company StraightUp Resources is in an expansive stage, adding significant site acquisition rights in the United States and Peru to its Canadian portfolio and expanding its stock trading from Canada to the United States markets StraightUp recently announced that it is improving access to its U.S. stock on the OTCQB Venture Market by achieving eligibility for electronic clearing and settlement of its transactions through the Depository Trust Company StraightUp holds rights to five properties in Ontario’s prolific Red Lake greenstone belt, has acquired a mining property and its resources in western Nevada, and has an option to…

MondayDec 13, 2021 2:00 pm

US Study Documents Shift in Attitudes to Nuclear Energy

Recently, ecoAmerica, an environmental not-for-profit organization focused on building political will, public support and institutional leadership for climate solutions, released its annual survey, which focused on Americans’ current perspectives on clean energy use. The survey looks into how sentiment has shifted from 2018 to 2021. The organization drew its survey sample from a panel of adults in the United States. It conducted the survey online between Aug. 27, 2021, and Sept. 10, 2021, revealing that the survey included a total of 1,110 responses. The survey found that in the aforementioned period, the support for nuclear energy has grown in the…

FridayDec 10, 2021 2:05 pm

Price of Gold Increases After Release of Subpar US Jobs Report

Last week, the price of gold increased as the market tried to figure out the possible effect of the weak U.S. jobs report on the Fed’s monetary policy. This comes as the new coronavirus variant, dubbed omicron, continues raising uncertainty in the economy. In New York, U.S. gold futures rose on Friday by 1% to reach $1,780 per ounce. By 12:15 p.m. ET, spot gold was up by almost 1%, reaching $1781. 60 per ounce, avoiding another weekly loss. Earlier that day, the Bureau of Labor Statistics had reported that only 210,000 jobs were created in November, which is significantly…

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