NewsRoom Articles - Page 160 of 180

WednesdayFeb 10, 2021 3:00 pm

Antarctic Ice Reveals Traces of Mineral from Mars

Researchers stumbled upon jarosite in Antarctica while analyzing deep ice cores in an attempt to understand ice age cycles. The mineral is found on the surface of Mars. In a study reported in the “Nature Communications” journal, the researchers stated that this finding was of great value as it could possibly help confirm theories that suggest that Mars has had water before, a few billion years ago. Currently though, almost all water on the planet is in the form of ice while a tiny portion of it exists as vapor in the atmosphere. The researchers explain that this is because…

TuesdayFeb 09, 2021 3:20 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) Fortifies Leadership Team, Commences Drilling and Further Exploration Campaigns

Chris Ford joins GOH’s advisory board as company beefs up leadership team to prep for 2021 exploration campaign Company is starting phase I drill program at high-priority Rio Loa gold/silver project; continues trenching programs at Coya, Alicia and Roma projects GOH is committed to mobilize a world-class exploration talent, one of key success factors in junior mining GoldHaven Resources (CSE: GOH) (OTCQB: ATUMF) (FSE: 4QS), a Canadian junior exploration company active in the Maricunga Gold Belt of Northern Chile, has announced the appointment of Chris Ford to the company's advisory board; Ford will be a significant contributor to the company’s…

TuesdayFeb 09, 2021 3:15 pm

Canadian Silver Mining Futures Jump Courtesy of Social Media Discussions

Shares in various Canadian silver mining firms recorded double-digit surges as the price of the metal increased to eight-year highs. Some credit the increment to promotional discussions on social media sites such as Reddit. CEOs of mining firms stated that they didn’t expect the high to last long, noting that they were OK with that, as prices for the shiny white metal had been rising for over a year because of limited new supply and an increase in demand. Endeavour Silver Corp. CEO Brad Cooke said that it was nice to witness this short rally, explaining that squeezing shorts was…

MondayFeb 08, 2021 2:30 pm

New Laser Scanners Could Hasten Decision-Making Processes on Mining Sites

RIEGL has developed three new mining apps that can be used in everyday mining and also in especially critical situations. These applications allow users to make decisions based on real-time reliable data made available through the apps. The company’s terrestrial laser scanner, which has increased user optionality, can be integrated into any infrastructural network by using LTE, Wi-Fi and LAN interfaces. This allows users to fully operate the scanners remotely. These customized applications, which acquire and process data automatically, also allow users to receive real-time results automatically without having to interact with equipment manually. RIEGL’s mining business division manager Thomas…

MondayFeb 08, 2021 1:52 pm

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Is ‘One to Watch’

Excellon’s portfolio currently includes active production at the Platosa Mine, with four additional assets in the development or exploration stages Excellon saw significant increases in production of lead, zinc and silver at the Platosa Mine from Q4 2019 to Q4 2020 The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and…

FridayFeb 05, 2021 1:30 pm

Nevada Plans to Mine More Lithium as EV Sector Increases Demand

During his state of the state address, Nevada Governor Steve Sisolak included a section that addressed the new energy economy. He pledged to work on energy laws, explaining that the state had the opportunity to grow. The governor also spoke on lithium mining in the state. Lithium is a low-density metal used in rechargeable mobile phone batteries, laptops and electric vehicles (“EVs”) as well as in nonrechargeable batteries for pacemakers and clocks. In years past, speculators and companies have filed claims to mine lithium in the state, with many dubbing it “a rush.” Developing a lithium mine can be a…

FridayFeb 05, 2021 12:24 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Eager to Be Part of Biden’s Plan of ‘Bringing Home Critical Supply Chains’

U.S. miners — and mining industry — will help drive country’s post-pandemic recovery Biden sees the “importance of bringing home critical supply chains so that we aren’t dependent on other countries in future crises” UUUU committed to play key role in that plan on critical minerals The new Joe Biden White House agenda “rests on a foundation provided by the nation’s nearly 600,000 miners — miners and a mining industry ready to do their parts to help drive America’s post-pandemic recovery,” according to recent NWITimes article (https://ibn.fm/cSMsr). That agenda is welcomed by U.S. mining companies, including Energy Fuels (NYSE American:…

ThursdayFeb 04, 2021 12:30 pm

Legendary Mining Financier Forecasts Mining Industry Gains Resulting From Global Electrification

While delivering a keynote speech at the AME Remote Roundup, Robert Friedland, the co-chair and founder of Ivanhoe Mines, stated that the mineral mining and exploration sector would benefit greatly from worldwide electrification. He explained that at the moment, the natural resource industry was in an up-cycle, and it wouldn’t be until 2023 onward that the world would be fully centered on a $50 trillion to $100 trillion venture to electrify the global economy. Friedland stated that global electrification would have to start from the ground up, changing how electrical energy is not only stored but also how it’s distributed…

TuesdayFeb 02, 2021 3:15 pm

Solar Microgrids Could Help Decarbonize Mining Operations

Similar to other industries, mining is an energy-intensive industry. The only difference is that the processes involve a lot of crushing, digging and processing of minerals, which consumes a lot of power. Mines also operate 24 hours a day on every day of the week. Now that climate action is a priority under the Sustainable Development Goals (“SDGs"), many industries, including mining, are looking for solutions to decrease their emissions in a bid to incorporate more environmentally friendly approaches to mining, which will in turn help the planet. In addition to this, producers of minerals want to make their entire…

MondayFeb 01, 2021 3:15 pm

New Coronavirus Outbreak in China Dampens Copper Prices

The prices of copper decreased on Friday, with many concerned that the rising numbers of coronavirus cases in China following a fresh outbreak would impact demand. The new outbreak comes ahead of the traditional Lunar New Year holiday, which sees industrial activity in the country slow down. This comes after the copper smelting activity in the world increased in December 2020, led by China’s strong economy as well as its government’s stimulus efforts against the coronavirus pandemic. On the London Metal Exchange, three-month copper declined to $7,970 per ton, aluminum dropped to $1,985.50 per ton while nickel fell to $18,075/ton.…

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