NewsRoom Articles - Page 157 of 180

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…

FridayMar 12, 2021 3:15 pm

Tsingshan Holding Deal Causes Nickel Prices to Decline on London Metal Exchange

Last week, the price of nickel in London declined by more than 8% while the price of the metal over in Shanghai plunged to nine-month lows after an important deal by Tsingshan Holding, a Chinese firm, relieved concerns of supply shortages of battery-grade nickel. Expectations of a surge in demand from the electric vehicle sector had led to the benchmark prices for the metal trading at six-year highs with many expecting a shortage of the metal as a result. Earlier in February, Tesla CEO Elon Musk had stated that his company’s top concern was a steady supply of nickel. Prior…

FridayMar 12, 2021 12:59 pm

Asia Broadband Inc. (AABB) Envisions Establishing its AABB Gold Token as a Trusted Medium of Global Exchange

Asia Broadband Inc. entered into an advanced collaboration with Core State Holdings Corp. for the production of its white-label gold-backed cryptocurrency coin AABB announced CSHC is moving through the final stages of testing of the iOS and Android AABB Wallet applications The company is working on a robust marketing campaign with CSHC for the expansion of the AABB Gold token, the AABB Wallet, and the brand as a whole Asia Broadband (OTC: AABB) is a company engaged in the production of natural resources, and subsequently the supply and sale of base and precious metals, mainly to the Asian markets. Asia…

ThursdayMar 11, 2021 2:39 pm

Uranium Energy Corp. (NYSE American: UEC) Positioned to Produce Low-Cost Uranium for Carbon-Free Nuclear Energy

IAEA report notes that an adequate supply of uranium will be vital as nuclear power continues to provide an important source of the world’s carbon-free energy “Undiscovered resources must be converted to discoveries, which must then be developed in a timely matter,” report concludes UEC is focused on expanding uranium production while developing a pipeline of low-cost resources for major ongoing growth A recent analysis of the world’s uranium supply by the International Atomic Energy Agency (“IAEA”) states that nuclear power will be a primary source of energy for the world in the coming years — assuming an adequate supply…

WednesdayMar 10, 2021 2:30 pm

Surging Protectionism May Threaten Natural Resources Sector

A study conducted recently found that nations that are rich in natural resources have become more protectionist in the last year as the COVID-19 pandemic threatened their economies. The study, which was published last week by Verisk Maplecroft, a risk consultancy firm, found that over the course of last year, 34 nations had observed a considerable growth in resource nationalism, with the coronavirus pandemic only aggravating an existing trend toward government intervention. Maplecroft discovered that of the 34 nations, 18 of them were dependent on the hydrocarbons or minerals they export; the firm forecasted that the isolationism threat would only…

TuesdayMar 09, 2021 2:15 pm

Tesla Inc. (NASDAQ: TSLA) to Provide Technical Advice During Caledonian Nickel Mining

Last year, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk stated that he’d award a huge contract to any miner that could extract nickel in a way that was environmentally sustainable. Recently, Musk stated that his biggest concern was how to increase the supply of nickel, which is needed for electric vehicle (“EV”) batteries. This is how Tesla came to be a technical adviser of a contentious nickel mine in New Caledonia. Last week, leaders in the French Pacific region decided to sell their stake in Vale to Prony Resources. Vale had been trying to find a buyer for the mine…

MondayMar 08, 2021 3:00 pm

Investors Turning Their Backs on Mining Firms with Questionable Human Rights Records

Earlier this year, the Capital Markets Modernization Taskforce in the Ontario government gave a few recommendations for improving Ontario’s investment environment. In part, the body advocated for compulsory climate change-related disclosure and recognized that Environmental, Social and Governance standards played a huge role in the market and could impact a company’s financial performance. However, the body proposed a reporting standard that did not account for the social effects and risks of investing and failed to address Indigenous concerns and human rights. Conversely, the internationally recognized UN Guiding Principles Reporting Framework requires that firms disclose any human rights issues. Prior to…

FridayMar 05, 2021 1:45 pm

Copper Demand Expected to Exceed Supply in 2021

Earlier in January, copper was trading at the highest price recorded in nearly eight years. The price of the metal increased in February with forecasts showing that this trend will continue in March. However, investors wager that as the world slowly recovers from the effects of the coronavirus pandemic, the supply tightness of copper will grow. Senior StoneX metals analyst Natalie Scott-Gray predicts that this year the demand for copper will increase by roughly 5%, which will overtake the metal’s supply, which shortage she expects to rise by 2.3% annually. If Scott-Gray’s forecasts are spot on, this would mean that…

FridayMar 05, 2021 12:05 pm

Uranium Energy Corp. (NYSE American: UEC) Positioned Favorably to Capitalize on Rising Uranium Demand

Increased nuclear power projects fueling rising demand for uranium UEC controls one of the largest historical uranium exploration and development databases in United States UEC property portfolio includes properties previously explored and developed by senior energy firms UEC has fully licensed, low cost, ISR projects positioned to supply the U.S. Uranium Reserve Nuclear energy included in Democratic Party’s energy platform for first time in 48 years After spending a solid ten years in a downward trend, uranium stocks are now making fresh 52-week highs amid increased demand for energy (https://ibn.fm/GXF7e). Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and…

ThursdayMar 04, 2021 3:00 pm

Cross-Border Mining Sector Deals Total $2.4B in Last Quarter of 2020 in North America

During the last quarter of 2020, the mining and metals industry in North America registered a 6.98% decline in cross-border deal activity. This is according to the most recent data from analysis conducted by GlobalData, which compared numbers from 2020’s last quarter to the average of the last four quarters. While the average of the last four quarters had 43 cross-border deals, 2020’s final quarter announced 40 cross-border deals in the region, which were valued at $2.4 billion. With regard to all types of deals, M&A witnessed the most activity in last year’s final quarter with 38 deals, which made…

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