NewsRoom Articles - Page 32 of 173

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…

FridayOct 04, 2024 9:45 am

Copper-Gold Mining Sector Set to Gain as Torr Metals Inc. (TSX.V: TMET) Announces $600K Private Placement Amid Interest Rate Cuts

Torr Metals' $600,000 private placement is strategically aimed at advancing its Filion Gold Project in Ontario, positioning the company to capitalize on rising metal prices driven by the U.S. Federal Reserve’s rate cuts, a move that benefits the Company’s diversified gold and copper portfolio. The funds will support ongoing exploration at Filion, where promising untested kilometer-scale gold-in-soil anomalies and drill-ready targets present strong discovery potential adjacent to the Trans-Canada Highway. Investors can participate through both flow-through shares, which offer tax benefits, and non-flow-through units with the added upside of future gains through warrants, making it a compelling opportunity to back…

ThursdayOct 03, 2024 9:00 am

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Launches Second Phase of 2024 Drill Campaign at Flagship Thundercloud Property

The second phase of Dynasty’s drill campaign will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024, and will focus on testing the West Contact Zone, south of Pelham. Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone. Typical intercepts at the property ranged between 50m and 160m averaging between 1 and 8.4g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t. The company is preparing an additional drilling phase late 2024 or early 2025 to…

WednesdayOct 02, 2024 10:00 am

US Nickel Mine Strives to Be Trailblazer in Greening Mining Operations

With the demand for minerals required to power the transition to clean energy rising, mines such as the Eagle mine find themselves in the limelight. The Eagle mine is a high-grade copper and nickel mining project, located in the Upper Peninsula of Michigan, in western Marquette County. The mine, which is operated and owned by Lundin Mining, is the sole primary nickel mine in the United States. Currently, the mine is helping meet the demand for batteries used in electric cars along with stainless steel. For some time now, the Biden administration has been promoting the mine as a project…

WednesdayOct 02, 2024 9:00 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Ideally Positioned as Hybrid-Fueled Surge in PGM Demand Creates Key Opportunity

Reuters reports that “a surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals.” While the global supply of platinum and palladium has been relatively stable, the increase in demand from the automotive sector is expected to create supply pressures. Platinum Group Metals Ltd., a prominent player in the PGM space, is well positioned to capitalize on this trend. The automotive industry’s shift toward hybrid and electric vehicles (“EVs”) is reshaping numerous sectors, including the precious metals market. A recent Reuters article highlights how this transition…

TuesdayOct 01, 2024 9:00 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) Has More Going For It Than Unprecedented Gold Prices

Gold prices have surged to record highs, providing a favorable market for gold exploration companies. Bullion rose to $2,634.90 an ounce and spot gold was at $2,666.99 an ounce on September 25. Emperor Metals’ flagship Duquesne West Gold Project is believed to host a historical estimated mineral resource of 727,000 ounces of gold, at a high grade of 5.42 g/t and a robust average thickness of 5.7 meters. The company’s current drill program is focusing on the open-pit concept revealed during last year’s program, with the open-pit model indicating gold potential on top of the existing high-grade underground gold resource,…

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