NewsRoom Articles - Page 30 of 173

ThursdayOct 24, 2024 10:00 am

Why Gold Prices are Notching New Records

Last week saw the price of gold hit a new high as uncertainty about the upcoming presidential elections in the U.S. and conflict in the Middle East prompted investors to seek out safe haven assets. Experts believe that an image of global instability often prompts investors to buy more gold in a bid to safeguard their finances. A senior market analyst at Kitco Metals, Jim Wyckoff, explains that the lack of consensus among the public or the market on which candidate will win the election is causing uncertainty, which often triggers demand for gold as a safe haven asset. This…

ThursdayOct 24, 2024 9:45 am

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Making ‘Significant Strides’ in Promising Black Sea Region

The Black Sea basin is estimated to contain significant amounts of natural gas. Being geographically closer to European markets and offering untapped potential, the Black Sea is ideally positioned to become a crucial supplier of natural gas to the area. With active projects in the region, particularly in the South Akçakoca Sub-Basin (“SASB”) off the coast of Türkiye, Trillion Energy is capitalizing on the area’s promise. In recent years, the Black Sea has emerged as a critical region for natural-gas exploration and development. As Europe seeks to diversify its energy sources, reduce dependency on Russian natural gas and transition to…

WednesdayOct 23, 2024 9:00 am

Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) will Capitalize on the Growing Demand for AI Resources

Artificial intelligence is rapidly reshaping the landscape of economies around the world. Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade. As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry. To put the skyrocketing demand…

MondayOct 21, 2024 10:00 am

The Use of Silver by the Military Remains Shrouded in Mystery

A new analysis posits that the use of silver by the military may be significantly higher than demand from investment, solar panels, and electronics combined. These findings raise questions regarding transparency of the metal’s demand data, with a new discovery showing that the U.S. turned 1,000-ounce silver bars obtained from the West Point Bullion Depository into cylindrical billets and made magnetic coils from them. Experts also found that five federal agencies, such as the U.S. Geological Survey, Department of the Interior, Department of Energy, and Department of Defense stopped giving reports on the metal’s inventories in the late 90s. Actions…

FridayOct 18, 2024 1:30 pm

Groundbreaking Work on AI Wins Duo Nobel Prize in Physics

Geoffrey Hinton, undeniably referred to as “the Godfather of AI,” has been awarded the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind artificial intelligence as we know it today. The duo got this global recognition for the foundational work that they did that made it possible for various AI applications and products to become a reality. Hinton, a University of Toronto-based computer scientist and his peer Hopfield, a Princeton University professor, shared a $1m cash prize that came with their coveted award. The ceremony recognizing the pair…

FridayOct 18, 2024 10:00 am

FPX Nickel Completes Pilot Test in Refining Battery-Grade Nickel

FPX Nickel Corp. recently announced that it’d successfully concluded a pilot test at its Baptiste Nickel Project and produced battery-grade nickel sulfate. The Baptiste Nickel Project is an open-pit mining project that hosts awaruite (Ni3Fe) in an ultramafic/ophiolite complex. The project’s mineral claims cover an area of 408 km2. It is in British Columbia, within the keyohs, territories, and consultative boundaries of the Takla Nation, Binche Whut'enne, Tl'azt'en Nation, and Yekooche First Nation. This announcement represents progress in demonstrating the technical maturity of refining awaruite concentrate from the project and finalizes a campaign that was partly funded by Natural Resources…

FridayOct 18, 2024 9:45 am

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Takes ‘Giant Step’ Forward with Initiation of VS Program

Velocity strings (“VS”) play crucial role in addressing a common challenge in oil and natural-gas production: the buildup of liquids in the wellbore. Trillion Energy recently initiated a VS program to enhance productivity of existing wells at SASB natural gas field. This move underscores the company’s commitment to maximizing shareholder value through operational excellence and innovative solutions. In the world of oil and natural gas production, maximizing the efficiency of well operations is critical to maintaining profitable and sustainable operations. One of the most effective ways to optimize well performance, particularly in aging or declining wells, is using velocity strings…

ThursdayOct 17, 2024 9:00 am

Saudi Arabia’s Mining Sector Set for Major Leap: Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) Targets New Growth with PGM Smelter Deal

Saudi Arabia aims to increase its mining sector’s contribution to the economy from $17 billion today to $75 billion by 2035, as part of its Vision 2030 initiative. Platinum Group Metals Ltd. has entered a cooperation agreement with Ajlan & Bros Mining and Metals Co. to explore the establishment of a platinum group metals smelter and base metals refinery in Saudi Arabia. The agreement includes a global market study, a definitive feasibility study and the potential formation of a 50:50 joint venture for project development. A new, potentially enormous force is sweeping the mining industry. Gulf countries, desperate to diversify…

WednesdayOct 16, 2024 11:15 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Announces Successful Completion of Initial TOMRA Testing

Results include high-definition recognition of mineralization in the drill core submitted, showing sulphide mineralization and mineralized inclusions in waste rock. TOMRA’s X-ray transmission technology separates material based on atomic density and has an impressive track record. By removing waste rock early in the processing cycle, Renforth expects to reduce the amount of material processed. Renforth Resources (CSE: RFR) (OTCQB: RFHRF) has released key information regarding an initial test of materials from the company’s Quebec-based Victoria critical minerals polymetallic system. According to the company’s latest shareholder update, the test has been successfully completed at the TOMRA Mining Test Centre in Wedel,…

WednesdayOct 16, 2024 10:30 am

Golden Opportunity: Why McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shines Amid Surging Demand for Critical Minerals

Gold has been surging in popularity and value. Just this year, the precious metal has increased by approximately 28%, reaching a peak of more than $2,680 per ounce. In addition to Federal Reserve rate cuts and central bank purchases across emerging markets, the prospect of new financial sanctions imposed by the U.S. and growing concerns about the national debt could provide additional momentum for gold as many analysts forecast prices will continue to set new all-time highs. In the current market landscape, gold stands out as a strategic hedge against both geopolitical and financial risks, making it an attractive option…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000