NewsRoom Articles - Page 22 of 164

FridayOct 11, 2024 10:00 am

IXM Reveals EV Demand for Copper Still Intact Despite Sales Slump

Despite the gradual decline in sales of electric vehicles, the growing demand for metals such as copper remains intact. EV sales have slowed for various reasons, including concerns about the resale values of the vehicles and a lack of charging infrastructure. IXM’s head of refined metal, Tom Mackay, states that the evolving market makes it harder to estimate numbers though. He explains that there are plenty of variables in the nascent electric vehicle industry, including battery chemistries and rates of penetration, which make predicting demand a game of guessing. He adds that while growth in EV sales has reduced, sales…

FridayOct 11, 2024 9:00 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Making Strong Statement in Multicommodity Mineral Space

Diversification can be an effective way to manage risk, maximize returns. Multicommodity properties provide an array of benefits that make them attractive to both individual and institutional investors. Canadian-based Renforth Resources offers a diverse portfolio of properties containing valuable commodities such as gold, copper and nickel. In today’s volatile economic landscape, diversification is a key principle in managing risk and maximizing returns. This can be especially true in the mining and natural resources sector, where fluctuations in commodity prices can significantly impact the profitability of mining projects. One effective way for investors to mitigate these risks and capture upside potential…

ThursdayOct 10, 2024 9:45 am

How AI is Transforming Mineral Discovery and Driving Efficiency

AI Transforms Mining: AI speeds up mineral discovery by analyzing large datasets, predicting drill targets, and improving operational efficiency. A McKinsey report estimates that AI could unlock $290 billion to $390 billion in annual savings for producers of key resources by 2035. Emperor Metals' Advantage: At Duquesne West, Emperor Metals used AI and DomainMCF to develop a 3D geological model, accelerating discovery and unlocking new high-priority exploration targets. As the global mining industry faces mounting pressures to boost productivity, reduce costs and minimize its environmental impact, artificial intelligence (“AI”) is emerging as a necessary evolution. A 2022 McKinsey report estimates…

WednesdayOct 09, 2024 11:15 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program

“The first deep drill hole of the year adds another success to the 2024 exploration program at Storm,” said Aston Bay CEO. So far this year, the drilling program has completed a total of 128 RC drill holes and 14 diamond drill holes at Storm and Tempest, exceeding the planned target. Data obtained from these drill holes will be “fed back into the model,” providing additional refinement to targeting for even better copper intercepts at depth. Accelerated drilling at the Storm Copper Project has discovered Cyclone-style copper mineralization at depth and confirmed the prospectivity of the Central Graben area, reported Aston…

WednesdayOct 09, 2024 10:30 am

Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) Is ‘One to Watch’

In September 2024, Foremost announced an option agreement with Denison Mines for 10 uranium projects in Saskatchewan’s Athabasca Basin. The company has aggressive exploration plans across its 330,000-acre uranium portfolio, with both shallow and deep targets. The Athabasca Basin is known for hosting some of the richest uranium deposits in the world, with strong infrastructure supporting exploration. Foremost’s partnerships with Denison Mines and local geological firms, along with its strong management team, position it well for future success. The company also holds a secondary portfolio of lithium projects, covering over 50,000 acres, providing additional long-term growth potential. Foremost Clean Energy…

WednesdayOct 09, 2024 10:00 am

Gold Stutters as Strong US Jobs Data Dampens Expectations of Large Rate Cuts

The price of gold dipped last week following strong data on jobs in the United States, which showed that nonfarm payrolls rose by more than 250,000 jobs in September. The report reduced expectations of an aggressive reduction in rates from the Fed, boosting the greenback. Figures show that traders reduced expectations for a rate cut from 28% to almost 0% once the payrolls data was released. Spot gold slipped to $2,649.69 an ounce, a 0.2% decrease. This is after its record high of $2,685.42 an ounce. U.S. gold futures also dropped by 0.4% to reach $2,667.80 an ounce. The report…

MondayOct 07, 2024 10:30 am

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Reports SASB Gas Field Well Now in Production

Bringing a well into production involves several critical steps, including drilling, completion and the establishment of infrastructure to extract and transport the gas. Recently Trillion Energy announced that its Akcakoca-3 well at the SASB Gas Field has been put into production. Company reports that all wells but one have been put on production or flow tested to determine if gas is present and capable of production. Natural gas has emerged as a crucial component of the global energy landscape, serving as a cleaner alternative to coal and oil. For a natural gas company, such as Trillion Energy International (CSE: TCF)…

MondayOct 07, 2024 10:00 am

Research Company Publishes New Graphite Market Report

Graphite is a stable form of carbon that occurs naturally. There are two types of graphite: natural and synthetic graphite. Estimates show that in 2022, 1.3 million metric tons of graphite was consumed. The element is a good conductor of thermal heat and electricity, which makes it ideal for use in the steel industry, where it’s used in bricks that line blast furnaces. Other uses of graphite include lubricants, pencils, brushes for electric motors, polishes and nuclear reactor cores. Earlier this week, the Business Research Company released a report on the international graphite market. The report showed that the market…

FridayOct 04, 2024 10:30 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Positioned to Become Dynamic Player in Renowned Malartic Mining Region

The Malartic mining region is part of the larger Abitibi Greenstone Belt, one of the world’s richest mineral belts. Renforth Resources’ strategic presence in Malartic underscores the company’s commitment to tapping into the region’s abundant resources. In addition to its exploration work in Malartic, Renforth Resources is also actively involved in projects elsewhere in Quebec and Ontario. The region of Malartic, located in Quebec, Canada, is synonymous with gold mining. Since the early 20th century, Malartic has been a cornerstone of Canada’s mining industry, playing a pivotal role in the development of the province’s rich mineral resources. Renforth Resources (CSE:…

FridayOct 04, 2024 10:00 am

Chinese Stimulus Measures Boost Market Sentiment, Copper Price

Earlier this week, the price of copper on the London Metal Exchange was on track to hit a new high, its biggest monthly gain since April. Three-month copper in London rose to $10,008 per metric ton, a 0.3% increase. This comes after the price of the red metal reached $10,158 in June. Copper has various uses, among them its use in construction, industrial machinery and electrical equipment. The metal is a good conductor of both electricity and heat. Thus far this month, the red metal has risen by 8.3%. The most recent price run comes after the People’s Bank of…

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