NewsRoom Articles - Page 2 of 28

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…

MondayApr 05, 2021 2:45 pm

Minnesota Senator Requests Biden Administration to Resume Copper Mining Study

Senator Tina Smith of Minnesota is calling for the Biden administration to resume a study that could possibly affect the proposed Twin Metals Mine. Last week, the senator sent a letter to Interior Secretary Deb Haaland and Agriculture Secretary Tom Vilsack, asking them to continue with a study on the safety of mining copper-nickel-sulfide ore in the Rainy River Watershed, which includes the site of the proposed Twin Metals Mine as well as the Boundary Waters Canoe Area Wilderness and Voyageurs National Park (BWCAW). The study was commenced under the Obama administration but terminated under the Trump administration. It would…

ThursdayApr 01, 2021 2:59 pm

Price of Gold Drops as Feds Increase Bond Yields

Last week, the price of gold dropped significantly, decreasing from a more than two-week high as bullion continues to lose its appeal as well as its value, with the value of the dollar climbing steadily and the U.S. Treasury yields increasing. Meanwhile, the U.S. gold futures for April delivery remained stable at $1,728.80/ounce while spot gold declined to $1,728.96/ounce by midday EST, which is roughly a 1.1% drop. On the other hand, zinc dropped to $2,792 per metric ton, a 1.2% decline while palladium surged by nearly 7%, the biggest increase since May 2020. Other metals, such as tin, advanced…

WednesdayMar 31, 2021 2:30 pm

US Eyes Canada as Source of Minerals for EV Manufacturing

The federal government of the United States is working toward helping battery manufacturers and miners in America expand into the neighboring country, Canada. This is part of the government’s strategy to counter Chinese dominance in the market and improve the regional production of minerals that are used to make electric cars. Last week, the U.S. Department of Commerce hosted a virtual meeting with battery manufacturers and miners to talk about different ways to improve production of electric vehicle materials over in Canada. This move comes at a time when demand for electrified transportation is set to rise tremendously over the…

TuesdayMar 30, 2021 1:45 pm

Green Hydrogen Could Help to Decarbonize Mining Activities

The latest industry report released by Fitch Solutions shows that, in the near future, green hydrogen will have a crucial part to play in decarbonizing the metals and mining sector. Fitch, a market analyst, expects that in the mining industry, energy storage and transportation will be the main applications for the use of green hydrogen, especially with companies generating their own supplies of this fuel initially by purchasing the needed on-site components and systems. Green hydrogen is simply hydrogen fuel that has been created using renewable sources. Currently, green hydrogen makes up a paltry 0.1% of the worldwide hydrogen market…

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