NewsRoom Articles - Page 112 of 159

MondayNov 29, 2021 2:45 pm

Largest Alaskan Gold Nugget to Be Auctioned in December

Miners have been sourcing for gold in the state of Alaska for more than a century now, with miners discovering various-sized nuggets. The biggest gold nugget that was discovered in the state was found more than two decades ago by Barry Lloyd Clay, a gold miner from the Palmer region. This huge and rare gold nugget, which was dubbed the Alaska Centennial Nugget, has been put up for sale at an auction that is set to take place on Dec. 8, 2021. Many forecast that the nugget will be bought for no less than $1 million. The nugget was discovered…

WednesdayNov 24, 2021 1:15 pm

Billionaires Bankroll Planned Rolls-Royce Modular Uranium Reactors

BNF Capital director Sean Benson has revealed that the Perrodo family decided to invest into Rolls Royce’s small modular reactor technology plans as the energy transition will not be possible without the use of nuclear power. The billionaire French oil family, whose fortune was built on investments in gas and oil, is one-half of the pair of private backers of the aero-engine group’s plan for mini nuclear power plants. This move is part of a series of investments based on a revival for nuclear power, with Benson noting that the family believes uranium will play a crucial role in meeting…

WednesdayNov 24, 2021 8:30 am

StraightUp Resources Inc.’s (CSE: ST) (OTCQB: STUPF) Exploration and Expansion Program, A 2021 Outlook

StraightUp marked 2021 with strategic opportunities in the United States and Peru These projects were selected by management based on past exploration and proven reserves in these regions 2021 also marked the year StraightUp up-listed to the OTCQB Venture Market in the United States StraightUp is optimistic about 2022 For the 2021 fiscal and calendar year, StraightUp Resources (CSE: ST) (OTCQB: STUPF) set out on an aggressive asset acquisition plan, coupled with an exploration program that would be the highlight of the year. Thus far, it has acquired the West Cat Mine in Nevada, along with the Ferdinand Gold Project…

WednesdayNov 24, 2021 8:30 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Produces Raw Materials for Numerous Clean-Energy, Advanced Technologies

An ever-increasing demand for energy is fueling the focus on sustainable energy solutions. UUUU is proud to produce the raw materials that make numerous clean-energy and advanced technologies possible. Energy Fuels began producing rare earths in 2021, which are used in electric vehicles, renewable energy, batteries and other technologies. As the world becomes more focused on and committed to clean energy and sustainability, companies in every sector are recognizing the importance of advancing ESG (environmental, sustainability, and governance) priorities. A leading U.S.-based uranium mining company Energy Fuels (NYSE American: UUUU) (TSX: EFR) places a high priority on its efforts to…

TuesdayNov 23, 2021 12:45 pm

Analysts Forecast Significant Increase in Energy-Storage Installations

Analysts forecast that by 2030, we will have hit new highs with regard to energy-storage installation, referring to this period as the energy-storage decade. As of December 2020, only 17GW/34 GWh of energy storage was installed. However, in the latest Global Energy Storage Outlook report, analysts forecast that investments valued at more than $260 billion will be injected into the energy sector, resulting in 344 GW/999 GWh of new energy-storage technology to be deployed. By 2030, analysts at BloombergNEF expect that installations will have reached 362 GW/ 1033 GWh. Yayoi Sekine, who is the head of decentralized energy at BloombergNEF,…

MondayNov 22, 2021 2:00 pm

Gold vs. Bitcoin: Which Asset Is a Better Hedge Against Inflation?

Since its introduction to the global market, cryptocurrency (and in particular Bitcoin) has outperformed gold by far. Currently, the precious metal is down by roughly 4% while this digital coin has risen by about 133%. Some analysts believe that investors may be opting for this digital currency over the yellow metal as a hedge against increasing inflation. However, the chief gold strategist at State Street’s SPDR ETFs, George Milling-Stanley, disagrees with this. In a recent interview with the ETF Edge on CNBC, the strategist stated that the digital currency and gold could co-exist without friction in the market as they…

FridayNov 19, 2021 2:30 pm

The Price of Gold Increases After Strong Payroll Data

The latest employment report shows that the U.S. economy added more than 530,000 jobs last month, which was higher than the 450,000 jobs analysts had predicted. This is a welcome change from the August employment report, which showed that only 366,000 jobs were added to the economy. The rate of unemployment also dropped in the same month, declining to 4.6% from 4.8%. This increase in jobs, coupled with the drop in the rate of unemployment, prompted an increase in the price of gold futures, which began to sell for $1,820. Some analysts find the metal’s behavior surprising, as it typically…

ThursdayNov 18, 2021 12:00 pm

U.S. Geological Survey to Remove Uranium from Critical Minerals List

The U.S. Geological Survey has suggested that uranium be removed from the national list of critical minerals. The draft list of critical minerals published by the agency in the Federal Register earlier in September of this year highlights 50 minerals that have been deemed essential to ecoomic security and national defense. Uranium is a radioactive metal mainly used as fuel for nuclear power plants. The metal had been excluded from the draft list of minerals, together with strontium, rhenium, helium and potash. However, it was included in the initial critical minerals list, which was issued in 2018 and sanctioned by…

WednesdayNov 17, 2021 3:15 pm

Harmony Energy’s IPO Raises $251 Million for Battery-Storage Deployment

Harmony Energy, a battery-storage development company focused on renewable energy, launched its initial public offering ("IPO") in October of this year. Thus far, the UK-based firm has raised roughly $251 million, which it plans to use to finance battery-storage deployment. This amount is equivalent to about £186 million. The company announced that it would be selling their shares to the public through Harmony Energy Income Trust, its investment company. This initial public offering has seen the company issue more than 200 million ordinary shares, each of which was going for £1 ($1.34). The company also issued 23.5 million ordinary shares…

TuesdayNov 16, 2021 1:00 pm

Price of Gold Hits Two-Month High

Despite mounting pressure from increasing U.S. treasury yields, gold continued its rally this week. This comes as investors try to work with the expectation that major central banks around the globe will keep low interest rates in the short term. Gold futures in the United States rose by 0.5%, hitting $1825. 80/ounce in New York, while spot gold also carried on with its momentum from last week, rising by 0.4% to reach $1824.28/ounce. This is the highest price spot gold has occupied in two months. Before this, the price of gold futures in the U.S. was $1,810.10 per ounce while…

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