NewsRoom Articles - Page 33 of 180

TuesdayDec 10, 2024 10:00 am

Mining Giants Usha, Rio Tinto and Taseko Move to Address Copper Supply Shortage

Copper is a critical metal needed for everything from wind turbines to batteries for electric vehicles. Estimates expect that by 2025, the supply deficit of copper will have surpassed 200,000 tons. This comes as more individuals globally adopt the use of electric vehicles and more countries pivot to renewable energy. The International Energy Forum argues that to meet increasing demand for copper, over one billion tons of new mining capacity will be required annually until 2050. On average, copper mines need about 20 or so years to come online. With copper mines usually needing years before production can commence, sustained…

TuesdayDec 10, 2024 8:45 am

Former PayPal COO to Head White House Crypto and AI Desk

On Thursday, the incoming U.S. President Donald Trump revealed that David Sacks, a former Chief Operations Officer at PayPal Holdings Inc. (NASDAQ: PYPL), had been chosen to be the “White House AI and Crypto Czar.” This announcement marks the latest step that the President-elect has taken in his bid to overhaul American policy on various industries and sectors. Using Truth Social, a social media platform owned by Trump, the President-elect explained that Sacks would be tasked to formulate a framework through which the cryptocurrency industry would get the regulatory clarity it had been yearning for. Such a framework, Trump added,…

TuesdayDec 10, 2024 8:00 am

Filion Gold Project: At the Forefront Setting the Stage for the Next Breakthrough Discovery

Torr Metals’ Filion Gold Project is strategically located in a prolific gold-endowed region of northern Ontario, offering 42 kilometers of untapped exploration potential along the Filion Fault Recent advancements include the completion of a comprehensive ~9 km2 surface sampling program and initiation of ground magnetic and VLF-EM geophysical surveys, designed to identify and prioritize high-value drill targets With both Filion West and East permitted for drilling, Torr is poised to advance toward a pivotal phase in uncovering potential brand-new district-scale gold discoveries Gold is often seen as a symbol of wealth and stability, serving as a hedge against economic uncertainty and…

MondayDec 09, 2024 8:00 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports that Recent Exploration Successes ‘All Point to Untapped Potential’

Copper is projected to be a sought-after commodity, driven by diverse applications in clean energy, electric vehicles (“EVs”) and sustainable infrastructure. Amid growing demand, exploration companies such as Aston Bay are intensifying their efforts to discover new copper reserves. Exploration efforts continue to deliver discoveries at Storm Project. Copper, often referred to as the “metal of electrification,” plays an indispensable role in the transition to a more sustainable and energy-efficient future. As the world intensifies its commitment to reducing carbon emissions and embracing renewable energy, the demand for copper is set to soar. The recent discovery of new copper targets…

FridayDec 06, 2024 10:00 am

HEG, Graphite India See Major Stock Gains as China’ Graphite Export Curbs Expand

Earlier this week, the Chinese government announced a ban on the export of gallium and germanium to the United States. The announcement by the Chinese government was made in response to America imposing new export restrictions that target the East-Asian country’s ability to manufacture advanced semiconductors. This crack down affected more than 100 Chinese firms, including SiCarrier and Piotech, which manufacture advanced chips. The East-Asian country has also made the decision to apply a stricter review of its graphite exports to America. This has seen share prices for top graphite electrode manufacturers in India surge, with investor interest in Graphite…

FridayDec 06, 2024 8:00 am

Sam Altman Expresses Confidence in the US Leading the AI Race

Sam Altman, the CEO of OpenAI, has voiced his confidence in President-elect Donald Trump supporting the AI sector and ensuring that America, together with its allies, retain pole position in this nascent industry. Altman was speaking during a recent interview with Fox News. During the interview, Sam Altman highlighted the fact that support in the form of massive infrastructure needed to be directed to the artificial intelligence industry. Altman added that he was certain that the incoming administration would provide this needed support. He reiterated that the massive infrastructure was necessary to enable the U.S. to stamp its leadership on AI technology and AI…

ThursdayDec 05, 2024 10:00 am

Gold Retreats as the USD Strengthens

The price of gold dropped as the greenback’s value rose, with France’s National Rally Party led by Marine Le Pen announcing that it was willing to support a no-confidence motion against the government led by Prime Minister Michel Barnier. This is based on disputes over the proposed budget for next year that would see taxes hike and spending reduce in a bid to reduce the country’s deficit. This has in turn, added more pressure on French government bonds and the euro. On the other hand, the greenback is being strengthened by the U.S. president-elect’s rhetoric on BRICS nations, with Trump…

ThursdayDec 05, 2024 9:30 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Reports ‘New Understanding of Gold’ at Parbec Gold Project

Bank of America notes that gold remains “the ultimate perceived safe-haven asset.” While demand for gold grows, the industry faces challenges in maintaining adequate supply. New initiatives at Parbec intended to increase deposit knowledge base and move production forward. According to a Bank of America analyst, gold could reach $3,000 per ounce next year (https://ibn.fm/NRDTZ), a forecast welcomed by those in the gold space, including Renforth Resources (CSE: RFR) (OTCQB: RFHRF), an active mineral exploration company. “Bank of America released a bullish note on gold [in October], just as the precious metal reached new record highs at $2,696 per ounce,” a Benzinga article…

ThursdayDec 05, 2024 8:45 am

Riding the Wave of the Next Commodity Supercycle

Within the past several years, commodity prices reached a 50-year low relative to equity valuations (https://ibn.fm/QrRMU). Historically, such lows in the commodity-to-equity ratio have marked the onset of new commodity supercycles—prolonged periods of sustained growth in raw material prices—and we’ve clearly seen the markets shifting with gold hitting all-time highs throughout much of this year. As global economic conditions evolve, commodities have been re-emerging as an important consideration when reconstructing investment portfolios. The last major commodity supercycle (1996–2011) was fueled by the industrialization of emerging economies like China, India and Brazil. Today, a combination of inflationary pressures, supply chain disruptions,…

WednesdayDec 04, 2024 8:45 am

Torr Metals Inc. (TSX.V: TMET) Distinguishing Itself: Driving New Exploration and Discovery in Canada’s Premier Mining Districts

In just over one year, Torr Metals has identified six undrilled gold anomalies covering a 1.2 x 2-kilometer (“km”) corridor, with gold soil grades up to 1.32 g/t Au along the Trans-Canada Highway; additional 2024 surface assays pending testing a highly prospective 7 km strike-length to potential mineralization At the 100% owned Kolos Copper-Gold Project, Torr’s inaugural soil sampling over the past year defined a 7 km porphyry trend with three undrilled copper-gold centers, boasting a footprint 33% larger than Copper Mountain Mine and double the average grades of regional deposits Investors can look forward to continued updates on upcoming…

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