NewsRoom Articles - Page 145 of 202

WednesdayMar 23, 2022 3:30 pm

Could Ukraine’s Invasion Trigger a Revival in Uranium Mining in the US?

The Biden administration recently imposed a ban on imports from Russia following the Eastern European country’s invasion of Ukraine. Uranium, which is a key radioactive metal used to make fuel for nuclear reactors in the United States, wasn’t included in this ban. However, the U.S. is considering imposing sanctions on Rosatom State Nuclear Energy Corp, a Russian state atomic corporation, which caused the price of uranium to rise to $60. America’s dependence on foreign sources for uranium leaves its nuclear energy sector vulnerable to conflict. Currently, Russia exports 20% of the uranium used in reactors in the United States. The…

TuesdayMar 22, 2022 2:07 pm

Rising Interest Rates May Trigger Recession, Boost Price of Gold

The Federal Reserve may soon raise interest rates and end quantitative easing this month. Many expect that this tightening cycle will be accompanied by a recession as the economy slows down. So, what does the Central Bank’s tightening cycle mean for gold? The gold market will be positively influenced given that this precious metal performs even better during an economic crisis. We have witnessed the yellow metal’s recent resilient performance to rising bond yields, which many explain as the demand for gold as a hedge against the Federal Reserve’s failure to pull off a soft landing. The Federal Reserve may…

TuesdayMar 22, 2022 9:00 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Prepares Summer Gold Exploration Program in Ontario, Amid European War Era Instability

StraightUp Resources is a mining acquisition and exploration company with flagship properties in Ontario, Canada, and an expanding international footprint Following on the acquisition of aerial digital magnetic survey data last year for its flagship properties, the company is preparing a summer work program that will include analysis of its data, identification of key geological targets, and geophysical sampling including a drill program The war Russia launched in Ukraine last month has driven some new interest in gold amid concerns about the war’s potential far-reaching impact as well and the immediate impact on Russia’s and the world economy as a…

MondayMar 21, 2022 12:48 pm

Most Upcoming US Battery Storage Systems Will Have Solar Component

Recently, the U.S. Energy Information Administration revealed that of the battery storage that is to be deployed in the United States, more than 50% will be installed with solar PV. The U.S. Energy Information Administration is an independent group that carries out surveys to gather statistics on planned and existing generators and linked equipment at power plants. This administration is an agency of the U.S. Federal Statistical System. The agency stated in its most recent figures that last year, more than 3 GW of battery storage was added in the United States, highlighting that this was a substantial increase on…

FridayMar 18, 2022 3:42 pm

Report Says Nonlithium Chemistries Poised to Grow in Battery Energy Storage Sector

Since their development back in the ‘70s and ‘80s, lithium-ion batteries completely revolutionized the world. They allowed manufacturers to make computers and phones smaller, lighter and more portable, completely changing the way we communicated with each other, worked and accessed information. Decades after physicist and chemist John B. Goodenough invented the lithium-ion battery, they are poised to change the world again. In a bid to reduce carbon emissions, governments across the world are planning on steadily replacing internal combustion engine cars with battery-powered electric cars. However, a report from independent market research firm IDTechEx shows that lithium-ion chemistries will have…

ThursdayMar 17, 2022 1:17 pm

How Russia’s Invasion of Ukraine May Affect the Nuclear Sector in the U.S.

Last month, we saw Russia invade Ukraine after years of conflict. This invasion has raised questions about the flow and cost of fuel to the advanced nuclear reactors in the United States, which are considered a primary tool in the fight against climate change. When issuing an executive order to block imports of natural gas and crude oil from Russia earlier this month, President Biden did not include uranium on the list. However, the White House has been conferring with the nuclear sector about the possible impact of imposing sanctions on Rosatom, a Russian-based nuclear energy company. Imposing sanctions on…

WednesdayMar 16, 2022 1:04 pm

Uranium Imports Excluded from Russian Energy Products Ban by the US

Earlier this week, President Joe Biden placed a ban on imports of Russian oil and other energy products into the country. However, this ban didn’t include a ban on uranium imports because the U.S. power industry relies on Russia, Uzbekistan and Kazakhstan for about one-half of the uranium it uses to power its nuclear power plants in order to meet energy demand. Figures from last year show that the U.S. imported more than 240 million barrels of petroleum products and crude oil from Russia, which was about 25% higher than the barrels imported in 2020. The U.S. nuclear industry has…

TuesdayMar 15, 2022 2:03 pm

New Stabilization Method Could Revolutionize Solid State Batteries

Researchers at the Brookhaven National Laboratory and MIT have developed a new way to add more energy into solid-state batteries without increasing their volume or weight. Unlike with lithium ion batteries where a liquid electrolyte carries the charge between electrodes, a solid electrolyte layer is present in solid-state batteries. While this solid layer does away with the fire hazard linked to li-ion batteries and helps deliver more energy, the instability at the boundary between the two electrodes and the solid electrolyte layer shortens battery lifetime. The researchers developed a new technique that involves the elimination of any carbon dioxide present…

MondayMar 14, 2022 11:35 am

Uranium Could Soon Regain Designation as a Critical Mineral

Last year, uranium was removed from the federal list of critical minerals by the U.S. Geological Survey. However, it may not be long before the government declares it critical once again. The finalized proposal submitted by the U.S. Geological Survey removed the radioactive material from the list of minerals that are considered important to economic and national security. The proposal quoted a legal requirement which stated that fuel minerals weren’t supposed to be included on the list. Soon after this, the U.S. Department of Energy (“DOE”) released a report on minerals strategy stating that it was preparing its own critical…

MondayMar 14, 2022 9:30 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Builds Position in Ontario’s Red Lake Mining District Following Acquisition of Option to Purchase the Ranger/Otter Project

StraightUp announced having entered into a Purchase Option Agreement for a 100% dividend interest in the Ranger/Otter mining project This adds to the company’s growing property portfolio, which currently comprises the RLX North and RLX South Properties in Red Lake, Ontario StraightUp also recently received an early exploration permit for gold exploration in its RLX North property The Ranger/Otter Project addition, coupled with the early exploration permit, positions StraightUp to capitalize on the growing demand for gold, which has already surpassed $2,000 per ounce In 2020, StraightUp Resources (CSE: ST) (OTCQB: STUPF), optioned mining claims that consisted of RLX North,…

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