NewsRoom Articles - Page 147 of 173

TuesdayApr 13, 2021 11:49 am

Uranium Energy Corp. (NYSE American: UEC) Focused Strategy Means Price Target Increase, Stronger Position in Growing Sector

H.C. Wainwright and Co. increase price target, reiterate buy rating for UEC Key moves by company lead to stronger position UEC investing to build next generation of low-cost and environmentally friendly uranium projects that will be competitive on global basis, says CEO Recent action taken by Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company that controls one of the country’s largest historical uranium exploration and development databases, has prompted H.C. Wainwright and Co. to increase its price target for the company and reiterate its buy rating (https://ibn.fm/6wWpO). In its updated report, Wainwright specifically cited three main factors…

MondayApr 12, 2021 3:11 pm

Canada in the Race to Acquire Minerals from Outer Space

As countries and companies work on addressing the climate crisis, space mining has become a popular topic whose relevance increases, day by day. For a zero-carbon economy to thrive, an increase in the supply of various natural resources that are nonrenewable, such as battery metals, is needed. This makes up the basis for the space race, which involves various companies in the private sector as well as countries from different parts of the world. One of these countries, Canada, is a major player in the global carbon economy and, apart from being a world leader in the mining industry, is…

MondayApr 12, 2021 12:09 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Has Keen Interest in President’s Supply Chain Review

Biden calls for 100-day review of strategic supply chains Already leading uranium/vanadium producer, UUUU has made significant strides in REE space in 2021 Energy Fuels on schedule to produce intermediate rare earth product in 2021 In the midst of President Joe Biden’s 100-day review of U.S. strategic supply chains (https://ibn.fm/jc5jW), companies around the country, including Energy Fuels (NYSE American: UUUU) (TSX: EFR), are watching closely for the results. Last year, Energy Fuels, the country’s largest producer of uranium and the leading conventional producer of vanadium, announced plans to enter the rare earth elements (“REE”) space. Just under a year later,…

FridayApr 09, 2021 2:45 pm

Australia Seeks Data Scientists for Mining Industry

The implementation of digitization and automation in various processes in almost every industry has allowed smart and digital technologies to be applied in nearly every aspect of mining, albeit in varying capacities. Of the many countries that have embraced this change, Australia has been crucial in ushering the natural resources industry into the 21st century through various ways, including automated haul trucks, AI ventilation systems and smart monitoring for drill and blast operations. The Western Australia Data Science Innovation Hub released a report last year with KPMG, an accountancy firm, which forecasted that over the next 10 years, the country…

FridayApr 09, 2021 1:38 pm

Asia Broadband Inc. (AABB) Records Highest Year-end Profit and Dividend Expansion as Gold Mining Portfolio and Stablecoin Grow

Precious and base metals producer Asia Broadband, Inc., reported its highest-ever annual gross profits in its recent 2020 year-end financials report Asia Broadband has been building its portfolio of gold mining interests along Mexico’s western coastline amid the economic ravages of the COVID pandemic Asia Broadband recently launched a gold-backed cryptocurrency tied to $30 million in gold currently held by the company The company has an existing pipeline of gold production from its initial Mexico site to high resource demand and abundant investment capital in Asia Precious and base metals producer and gold-backed stablecoin developer Asia Broadband (OTC: AABB) has…

FridayApr 09, 2021 12:07 pm

Uranium Energy Corp.’s (NYSE American: UEC) Executive Vice President Scott Melbye Presents Testimony at Senate Committee Hearing

Uranium Energy Corp’s Executive Vice President, Scott Melbye, presented testimony to Senate Committee on Energy & Natural Resources During his testimony, Melbye provided detail on current state of American nuclear energy industry as well as challenges being faced by the sector While nuclear power is an integral part of United States electricity framework, the country is now nearly completely dependent on foreign uranium imports to fuel its nuclear generators Melbye urged Congress to work towards increasing domestic uranium production within United States while simultaneously, building out recently established strategic uranium reserve Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining…

ThursdayApr 08, 2021 2:11 pm

Colombia Opens Five Blocks to Bids from Interested Mining Firms

Last week, Colombia commissioned and opened five mining areas with the objective of encouraging the exploration for mineral resources. The areas have the potential to develop copper and other polymetallic projects and have been opened to bids from potential investors. Companies interested in the areas have had since February 25, 2021, to study datasets of each area. The five blocks are located in the northeastern part of the country, as noted by the Colombian Geological Service, which availed information about these areas, including their mineral potential. Representatives of the mining association held virtual business rounds with investors to offer details…

ThursdayApr 08, 2021 11:46 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Receives Monazite Shipments, Initial Step in Becoming Key U.S. Rare Earth Supplier

Initial shipments of rare earth bearing monazite mineral mark beginning of plans to produce mixed rare earth element (“REE”) carbonate Company ramping up operations for “what we believe will become a burgeoning supply chain,” says CEO Energy Fuels plans to commercially produce REE product at a stage more advanced than any other U.S. company Energy Fuels (NYSE American: UUUU) (TSX: EFR) has received the first shipments of natural monazite ore at its White Mesa Mill in Utah (https://ibn.fm/SFNkh). Monazite ore is a naturally occurring mineral, rich in rare earth elements, which is currently mined as a byproduct of other metal…

WednesdayApr 07, 2021 12:30 pm

Recent Battery Metal IPO to Benefit from Interest in Ethically Sourced Minerals

The steadily increasing investor demand for battery minerals that have been ethically sourced allowed Green Minerals AS, an offshore mining company based in Norway, to become the pioneer deep-sea mining stock to be offered publicly. The company revealed that it would be able to exploit the demand for copper and cobalt required by electric vehicles (“EVs”) without causing damage to the environment as well as people. Most of the present production of the company originates from mines in the Democratic Republic of Congo. The company joins a list of other companies that want to clean up supply chains by extracting…

TuesdayApr 06, 2021 12:45 pm

Mining Report Shows Sector Made $230 Billion Profit Last Year

Moody’s Investor Service recently released a report which showed that following the 2015–2016 market downturn that led to an adjustment of volatile commodity prices, many mining companies adopted more conservative approaches and shifted their focus onto expanding liquidity, productivity and cost cutting. The market downturn was a period in which there was a decline in the value of share prices of different companies across the globe. The sell-off occurred between June 2015 and June 2016. It was made up of stock market turbulence in the Chinese market, which led to a 43% decline in the SSE Composite Index in roughly…

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