NewsRoom Articles - Page 41 of 178

MondaySep 09, 2024 10:00 am

Report Says Brazilian Gold Ending Up in Europe Could Be Illicit

A new report has found that more than 90% of gold imports by the European Union from Brazil could be illegal. Total gold imports for 2023 into the EU, valued at $93 million, added up to 1.5 metric tons. The report, compiled by the Escolhas Institute, rated all areas where the metal is produced in mines referred to as garimpos as high risk. These mines aren’t subject to oversight, or the strict rules imposed on large-scale commercial mines. Areas with a lot of garimpos include the Amazonian states of Pará and Amazonas, with the report finding that high-risk trade also…

MondaySep 09, 2024 9:45 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Releases Status Report in Sector Noted as ‘Essential Contributor’

“Canada’s minerals and metals are essential contributors to our economy, infrastructure, innovation and environmental stewardship,” report states. Renforth Resources provided an update on completed summer exploration activities as well as those set to begin. “Our team is delivering on multiple fronts with success in the field, laying the groundwork for our winter exploration season,” states CEO. In the wake of the Canadian government acknowledging the importance of the country’s minerals and metals (https://ibn.fm/jTJBw), Renforth Resources (CSE: RFR) (OTCQB: RFHRF) is providing an update on its exploration activities. The Canada-based mineral exploration company is engaged in the acquisition, exploration and development of mineral…

FridaySep 06, 2024 12:52 pm

Ridgeline Minerals Corp. (TSX.V: RDG) (OTCQB: RDGMF) Featured in Virtual Coverage of the Precious Metals Summit

Ridgeline (TSX.V: RDG) (OTCQB: RDGMF) is a discovery focused, precious and base metal explorer with a 201 km2 exploration portfolio across five projects in Nevada, USA. The company retains a highly prospective and 100% owned exploration portfolio consisting of the Bell Creek and Big Blue projects as well as two earn-in exploration agreements with Nevada Gold Mines at the Swift and Black Ridge gold projects and a third earn-in exploration agreement with South32 at the Selena CRD project. The executive team has a broad skill set that brings together the exploration, development and financial experience required to advance Ridgeline’s portfolio of assets.…

FridaySep 06, 2024 10:50 am

Stillwater Critical Minerals Corp. (TSX.V: PGE) (OTCQB: PGEZF) Featured in Virtual Coverage of the Precious Metals Summit

Stillwater Critical Minerals (TSX.V: PGE) (OTCQB: PGEZF) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore plc, the company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101…

FridaySep 06, 2024 10:49 am

Cassiar Gold Corp. (TSX.V: GLDC) (OTCQX: CGLCF) Featured in Virtual Coverage of the Precious Metals Summit

Cassiar (TSX.V: GLDC) (OTCQX: CGLCF) is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km and consists of two main project areas: Cassiar North, which hosts a NI 43-101-compliant inferred resource estimate of 1.4Moz at 1.14 g/t Au (cutoff grade of 0.5 g/t Au) known as the Taurus Deposit; and Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of…

FridaySep 06, 2024 10:00 am

Why Gold’s Price Increase Could Continue

Gold has, for millennia, been used as a reliable store of wealth, in addition to acting as a safe haven for investors. These past few months, the precious metal has seen a surge in its prices, capturing the attention of many investors. It is expected that the metal’s price will continue to increase in September, having hit a new high of $2,525 an ounce in August. Below, we discuss why this could happen. Increasing demand from investors Appetite for gold from investors remains strong, with the current increase in price confirming the precious metal’s value proposition. It is also an…

ThursdaySep 05, 2024 9:00 am

Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Completes Perforation Program, Boosts Gas Production to 7.3 MMCF/d

SASB gas field is producing critical domestic supply of natural gas during Europe’s current energy crisis. With all perforations now complete, West Akcakoca-1 is producing 2.8 MMcf/d using a 28/64 choke to ensure its high pressure will not back out other wells. The next program phase aims to end this year with five development wells and one stratigraphic well, for a total of six producing wells. Trillion Energy International (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye, has perforated all remaining gas pay in the SASB wells and has provided an…

WednesdaySep 04, 2024 10:00 am

Softening Dollar Boosts Gold as Market Awaits Additional Fed Guidance

Earlier this week, the price of gold rose, a weaker dollar driving the increase. Spot gold hit $2,524.94 an ounce, just a few dollars short of its $2,531.60 record, while U.S. gold futures dropped to $2,552.90. The dollar index also dropped 0.3%, which made the precious metal more attractive to holders of other currencies. RJO Futures senior market strategist, Bob Haberkorn, stated that a lot of buying occurred after gold was given a little push following a decrease in the value of the U.S. dollar. Currently, the precious metal is up more than 20% since the end of last year…

TuesdaySep 03, 2024 11:15 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Ideally Positioned to Support Federal Efforts to Expand, Develop Critical Minerals Mining

The nation’s overreliance on foreign sources, adversarial nations for critical minerals and materials poses national and economic security threats, says report If establishing critical mineral independence is truly a western goal, it is essential that North American nickel mines be discovered, developed Fathom Nickel is focused on supplying critical minerals to support the new green economy Early in the Biden-Harris Administration, a first-of-its-kind report was released providing a supply chain assessment for critical minerals that found the nation’s “overreliance on foreign sources and adversarial nations for critical minerals and materials posed national and economic security threats” (https://ibn.fm/QOB8b). The report provided several suggestions…

TuesdaySep 03, 2024 10:30 am

Torr Metals Inc. (TSX.V: TMET) Bolsters Board with Distinguished Industry Leader

Torr Metals has strengthened its board by appointing Gordon Maxwell, a highly distinguished geologist who brings nearly four decades of experience from major industry players like Noranda, Xstrata, and Glencore Maxwell’s expertise in exploration and sustainable mining, along with his recognized contributions to Indigenous communities, aligns well with Torr’s values and project goals The addition of Maxwell mirrors successful strategies by other mining companies that have enhanced corporate value by assembling diverse, experienced boards, positioning Torr Metals for future growth and value creation Torr Metals (TSX.V: TMET) has made a strategic move to strengthen its board of directors with the appointment…

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