NewsRoom Articles - Page 25 of 126

ThursdayAug 10, 2023 2:06 pm

Exxon Mobil Looks to Join Lithium Mining

Exxon Mobil’s CEO has indicated that the oil and natural gas company is looking to join the electric vehicle craze by mining lithium, a key ingredient in electric vehicle batteries. While speaking to analysts about the company’s earnings recently, Exxon Mobil CEO Darren Woods said that the company is “actively exploring” the opportunity presented by lithium mining and likes what it has seen so far. Several countries have pledged to steadily electrify their roads over the next few decades as part of global efforts to fight climate change. Newer companies such as Tesla quickly captured the electric vehicle market by…

WednesdayAug 09, 2023 1:45 pm

Three Options the US Can Use to Break Loose from China’s REE Dominance

As the world transitions to a future where electric vehicles and green infrastructure will be key to the global economy, most developed countries are extremely apprehensive of China’s monopoly in the worldwide rare earth metals industry. China has currently captured close to 90% of the global rare earth metal supply and plays an overwhelmingly significant role in virtually every step of the supply chain. This monopoly allows the eastern Asian nation to exert its agenda on a global scale and limit supplies of crucial minerals to countries that don’t toe the line. With relations between China and the United States…

WednesdayAug 09, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO Addresses Critical Minerals Institute Summit II

Ucore is engaged in the exploration for and separation and scalable production of REEs in Canada and the US Ucore Chairman and CEO Pat Ryan recently presented at the Critical Minerals Institute Summit II, where he discussed the risk mitigation strategies Western countries could execute to disrupt China’s dominance in the REE space On its part, and having identified has identified the need and demand for US-based REE refining and processing facilities, Ucore is working on developing, upscaling, and commercializing RapidSX(TM) RapidSX(TM) is the company’s transformative advanced column-based solvent extraction technique for separating both light and heavy REEs; it offers…

WednesdayAug 09, 2023 9:00 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Announces Strategic Steps in Fulfilling Mission to Supply Metals to NA Markets

“Milestone” uplisting gives company greater access, exposure to the crucial U.S. investment market The uplisting has drawn increased focus, credibility to company’s two flagship projects Partnership with IBN designed to strengthen First Tellurium’s presence in growing essential metals market First Tellurium (CSE: FTEL) (OTCQB: FSTTF) is taking key steps that reflect its growth and commitment to explore for — and provide — green and critical metals. Most recently the company announced that it had uplisting to the OTCQB venture market (https://ibn.fm/ZNYik) and had partnered with a veteran corporate communications consulting firm to strengthen the company’s news dissemination (https://ibn.fm/yE468). Upgrading to OTCQB will…

TuesdayAug 08, 2023 11:47 am

Nickel Mine in Indonesia Moves to Address Environmental Concerns

The company behind a massive industrial mine in Indonesia that is swiftly becoming a major nickel producer says that it is implementing policies to address the environmental concerns associated with mining nickel. Nickel is among a group of minerals used to develop the rechargeable batteries in everything from mobile phones and laptops to electric vehicles and stationary storage solutions. As major economies such as the United States, China and countries in the European Union transition from dirty fuels and gas-powered cars to electric vehicles and renewable energy, demand for metals such as nickel are expected to skyrocket. Last year, Brazilian…

TuesdayAug 08, 2023 9:45 am

GEMXX Corp. (GEMZ) Announces Significant Progress Regarding Financing for Gold and Ammolite Mining Operations

The company offers an approach that gives them a cost-saving edge over other producers in the market Preliminary discussions have been made to shortlist engineering firms capable of conducting the necessary SK-1300 technical reports for the company’s newest gold and Ammolite assets – with anticipated completion by the end of FY-2023 GEMXX is participating in Regulation A financing, and interested investors, shareholders, institutions, and financiers, are urged to visit the company’s website for more information GEMXX (OTC: GEMZ), a mine-to-market enterprise specializing in gold, gemstone, and jewelry production, recently announced that it has made significant progress in its efforts to…

MondayAug 07, 2023 3:36 pm

Archeological Study Uncovers Ancient Use of Coal

A recent archaeological study has revealed that humans may have been exploiting coal for fuel more than 3,500 years ago. Published in the “Science Advances” journal, the study found that humans were carrying out mining operations in northwestern China around 3,600 years ago, pushing back humanity’s first mining exploits and interactions with the fuel to more than three and a half millennia ago. Prior studies had found potential evidence of coal combustion in prehistoric sites, but it was entirely unclear when humans began to systematically use the mineral for fuel. The earliest reliable records of ancient systematic coal use pointed…

FridayAug 04, 2023 11:54 am

High Prices of Imported Fertilizers Worsen African Food Crisis

The ongoing Russia-Ukraine war is causing fertilizer prices to surge even higher than they have in recent months and exacerbating the food crisis in Africa. Fertilizer prices have been on the rise in the past year as the war dragged on and fertilizer exports from Ukraine became increasingly scarce, resulting in extremely high profits through the end of 2022 and into 2023. Data shows that in some cases top fertilizer producers saw their profits triple from 2020 to 2022 based on soaring prices and sky-high demand from countries desperate for fertilizer imports. However, while these companies have earned millions more…

ThursdayAug 03, 2023 2:16 pm

IEA Update Shows Global Coal Use to Remain Elevated

A recent International Energy Agency (IEA) market update has revealed that the agency expects global demand for coal to remain high for the rest of the year. Although Europe and the United States have taken steps to cut down coal use, increased use in Asia offset the decline in coal use in the West, indicating the need for more robust policies and investments in clean energy. Coal demand in the U.S. and the European Union fell by 24% and 16% respectively over the first six months of the year while demand in China and India, the largest coal consumers in…

WednesdayAug 02, 2023 2:18 pm

Codelco Slashes 2023 Copper Output Predictions

Chile’s state copper miner Codelco has slashed its copper output predictions for the year amid expectations of more disruptions in production. The new forecast puts the miner’s annual production at 1.31 million to 1.35 million metric tons of copper from the previous forecast of 1.35 million to 1.45 million metric tons. This announcement comes after months of declines and just as Codelco reported an 86% drop in pretax profit in the first half of 2023. Codeldo recently suffered a large rock explosion accident at El Teniente its largest mine, which has impacted productivity on the north side of the mine…

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