NewsRoom Articles - Page 141 of 165

MondayMar 22, 2021 10:30 am

US Companies Eye Copper Resources in Colombia

Colombia is working on decreasing its dependence on coal and oil by developing copper deposits in advance of a predicted increase in the demand for metals that are used in rechargeable batteries. The country’s authorities plan to grant five copper exploration blocks before the end of June in the La Guajira and Cordoba provinces, where the majority of the country’s coal is mined. Diego Mesa, the country’s mines and energy minister, stated that in addition to companies that are already operating locally in the country, Canadian and United States juniors are interested in copper extraction in the country. Offered incentives…

FridayMar 19, 2021 1:00 pm

Sprott Mining Sells Gold Mine in Nevada to First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (Frankfurt: FMV)

First Majestic Silver Corp. (TSX: FR) (NYSE: AG) (Frankfurt: FMV), a Canadian silver-mining company, is purchasing the Jerritt Canton gold mine located in Nevada’s Elko County from Sprott Mining. First Majestic Silver is buying the mine for 5 million share purchase warrants and $470 million in shares. As part of the sale agreement, Eric Sprott, the president of Sprott Mining, will conclude a $30 million private place investment in First Majestic Silver. First Majestic revealed that it had identified opportunities to help increase the mine’s production and cost profile. Jerritt Canyon was found decades ago in 1972 and began production…

ThursdayMar 18, 2021 1:52 pm

GoldHaven Resources Group (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Starts Drilling Campaign at Promising Rio Loa Project

Drilling at GOH’s Rio Loa Project begins; major milestone in development to unlock potential of area Based on proximity to nearby top-producing projects, GoldHaven anticipates Rio Loa could deliver impressive drill results GoldHaven’s high-priority projects, unique land position are starting to yield attractive targets GoldHaven Resources Group (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a Canadian junior exploration company active in the Maricunga Gold Belt of Northern Chile, has mobilized a drill crew and commenced drilling its 5,000 meter Phase 1 drill campaign at Rio Loa (https://ibn.fm/n18yj). “This is a major milestone in our development to unlock the potential of our 251-square-kilometer Maricunga district…

ThursdayMar 18, 2021 1:32 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) May Be “Best Untold Clean-Energy, Sustainability Story,” Says CEO

UUUU committed to industry-leading recycling programs; dedicated to sustainability Company helping address some of world’s most daunting health, environmental issues: air pollution and climate change Energy Fuels’ sustainability report tells story of company’s commitment to human rights and corporate and social responsibility As one of the nation’s largest producers of uranium and critical minerals, Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) places a high priority on environmental responsibility and sustainability. The company’s recently published Sustainability Report outlines its commitment to a number of initiatives, including producing many of the raw materials that make clean energy and advanced technologies possible…

ThursdayMar 18, 2021 1:25 pm

Australian Indigenous Group Introduces Scorecard to Rate ESG Performance of Mining Companies

The Wintawari Guruma Aboriginal Corp. (“WGAC”) recently publicized its plans to issue a scorecard that rates miners in Western Australia on how well they observe the ESG (environmental, social and governance) standards. The scorecard focuses on the following elements: ESG reporting, relationships with native title holders, caring for the environment, regulatory compliance and heritage surveys. The company speaks for the Eastern Guruma area, which is located in the Pilbara region and is rich in iron ore. The company hopes that its idea will highlight the importance of ESG standards for both the public as well as investors. This development comes…

WednesdayMar 17, 2021 2:50 pm

Uranium Energy Corp. (NYSE American: UEC) Chairman and Former U.S. Energy Secretary: A Renaissance Coming for Nuclear Energy Under New Administration

Currently, nuclear power is the nation’s 2nd largest source of electricity production, providing 20% of the nations’ total generation As a result of its carbon-free, emission free attributes, nuclear power is likely to grow with the new Administration’s clean energy initiatives, including those supporting a transition to more EV’s Nuclear energy is America’s largest source of carbon-free energy and its largest source of baseload power that isn’t a fossil fuel source UEC has a near-term production profile of 4 million pounds U3O8 per year via its low cost, environmentally friendly In-Situ Recovery (“ISR”) projects in Texas and Wyoming With every…

WednesdayMar 17, 2021 2:30 pm

NASA Looking into How Metals, Water Can Be Mined on Moon

As space exploration starts to concentrate on landing on the surface of other celestial bodies, in-situ resource utilization (“ISRU”) is becoming a prevalent topic. ISRU is focused on designing items that are required to support an exploration mission. These items are made using easily accessible materials that can be found at exploration sites. NASA’s Institute for Advanced Concepts program (“NIAC”) recently began looking into various ISRU projects that will be included in its Phase I Fellows program. One of the projects that was chosen, which was led by University of Texas’ Dr. Amelia Grieg, developed a mining technique that would…

WednesdayMar 17, 2021 10:53 am

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Sees Unique Advantage as Junior Mining Company

Gold reached historic highs in 2020, is predicted to surpass $3,100 per ounce by 2026 Mining companies are worth value of their reserves; GOH has seven promising projects in play GOH is committed to spending responsibly, incentivizing management for success GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is a junior gold mining company based in Canada that acquires and explores mineral resource properties. The company has acquired seven advanced gold projects in the Maricunga Gold Belt in Northern Chile, with four of those categorized as high-priority sites. GoldHaven seeks to identify and capitalize on valuable precious metal projects in…

MondayMar 15, 2021 3:11 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Joins with Neo Performance Materials to Create New Rare Earth Supply Chain Spanning North America and Europe

Energy Fuels, Neo join in initiative that will strengthen, diversify U.S. and European rare earth supply chains In 2021, UUUU will ship mixed rare earth carbonate to Neo’s plant in Europe, where it will be separated into commercial value-added product Partnership marks first time in two decades that monazite ore from U.S. will be used to manufacture separated rare earth materials outside of China Energy Fuels (NYSE American: UUUU) (TSX: EFR) has joined with Neo Performance Materials (TSX: NEO) in a new rare earth production initiative that spans North American and European critical material supply chains (https://ibn.fm/YnEYB). The initiative, which calls for…

MondayMar 15, 2021 2:45 pm

British Columbia Report Shows Increase in Mineral Exploration Expenditure

EY, a global consultancy firm, recently released its annual British Columbia Mineral and Coal Exploration Survey 2020 report. The report discovered that the exploration price index surged by 26% by August 2020, despite the almost 11% decline in global exploration expenditures. The report notes that while base metals such as copper fluctuated and recorded the highest declines in exploration spend, gold continued to dominate around the globe. Despite experiencing a marginal decline, the exploration expenditure of Canada remained in third place, following South America and Australia in global rankings. This report also found that exploration spend across the British Columbia…

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