NewsRoom Articles - Page 44 of 174

FridayJun 07, 2024 10:00 am

BHP-Anglo Saga Highlights Copper Shortage

After many attempts to acquire Anglo American by BHP, the deal seems to have been unsuccessful. During a six-week negotiation period, offer prices were increased twice with BHP urging Anglo-American’s shareholders and executives to sell its copper resources. Despite this, the deal still fell through. Sources posit that this was primarily because BHP mainly wanted Anglo-American’s copper operations. This deal highlights the current scarcity of the red metal. Just last week, the price of copper hit a new high, going for more than $11,000 a ton. It is expected that sooner or later, the red metal’s market will go into…

FridayJun 07, 2024 9:00 am

Kolos Rising: Torr Metals Inc. (TSX.V: TMET) Unveils Major Expansion and Breakthroughs in their Copper – Gold Venture

While British Columbia is viewed as instrumental in Canada’s mining future, Torr Metals is developing its Kolos Copper-Gold Project located at the heart of British Columbia’s most significant copper mining district Torr recently expanded the project size by 75% to roughly 240 square kilometers Highlights of the strategic expansion includes several important new exploration findings that suggest Kolos may be a treasure trove of multiple potential discoveries, providing metals critical to the nation’s economy and security The company was also featured in a syndicated broadcast covering the increase in size of the project, establishing Torr Metals as a significant new…

ThursdayJun 06, 2024 10:30 am

Future of Mining Perth to Offer Sustainable and Effective Mining Solutions

The Future of Mining Perth invites resource industries, miners, innovators, and investors from across Australia, for two days of discussions, debates, learning, and collaborations on June 17-18, 2024 in Pan Pacific Perth. As the pressure of sustainable and efficient mining is growing, experts will share solutions and strategies to keep up with the technology revolution while still finding ways to maintain sustainable practices and do profitable business. The event is expecting over 1,000 attendees comprising 700+ executives and decision-makers, 100+ industry leaders presiding over speaker sessions, and 60+ companies and brands looking to get insights and promote their brand in…

WednesdayJun 05, 2024 10:00 am

Costco Reveals Precious Metals Boosting Online Sales

In its latest earnings call, Costco announced that total growth recorded in e-commerce sales in the third quarter was led by silver and gold bullion, appliances and gift cards. Gary Millerchip, the company’s chief financial officer, revealed that they recorded a more than 20% increase in online sales in the last quarter. The company’s latest earnings exceed Wall Street’s expectations, noting in its statement that their members flocked to their warehouses looking for quality goods at affordable prices. In December 2023, the company revealed that it was selling gold bars worth more than $100 million in a quarter, noting that…

WednesdayJun 05, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Takes a Community-Driven Approach to Extending Flagship Mine’s Life

Tartisan Nickel Corp., a Canadian mineral and battery materials exploration and mining development company, recently announced a plan to complete an all-season access road at its flagship Kenbridge Nickel Project in Ontario This initiative will play a key role in improving the value of the property while also aligning with and providing benefit to Indigenous communities The move speaks to the company’s comprehensive and culturally sensitive approach to resource extraction, ultimately fostering a healthy relationship with the community Tartisan Nickel (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA), a Canadian mineral and battery materials exploration and mining development company, recently announced an…

MondayJun 03, 2024 11:15 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Continues to Grow the Resource at its Flagship Project in a Tier 1 District with a Rising Gold Sector

Emperor Metals announced an ambitious initial 2024 fully funded 8,000-meter drill program and 8,000-meter historical core assaying at its Duquesne West Gold Project, set to commence this month Emperor is fully funded with approximately $4 million in working capital and will advance the Duquesne West project towards an updated mineral resource expected by Q1, 2025 Company receives $1 Million From Industry Legend – Rob McEwen, Founder of Goldcorp Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH), an advanced stage gold exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project located in…

MondayJun 03, 2024 10:00 am

Surging Oil, Gold Prices an Indicator of Looming Inflation

In the last 12 months, the price of gold has risen by more than 20% while that of oil has increased by 15%. Investors of the precious metal are currently having a good run, with gold severing its ties with interest rates in the United States to trade at new highs. As of Tuesday this week, U.S. gold futures were trading at $2,356.50 per ounce while the price of spot gold stood at $2,357.4 an ounce. Earlier this month, the precious metal had risen to a near one-month high, its performance being bolstered by lower treasury yields and a weakening…

FridayMay 31, 2024 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Advances Los Azules Project with Comprehensive Drilling Program

Completion of a 70,000 meters drilling program at Los Azules project, is confirming the potential for significant copper production Discovery of significant mineralization extensions beyond the planned pit area, suggesting the possibility of resource expansion Strategic multi-year drilling campaign aimed at supporting the Los Azules Bankable Feasibility Study, with a focus on sustainability and low environmental impact McEwen Copper Inc., under the partial ownership of McEwen Mining (NYSE: MUX) (TSX: MUX), has made significant progress at its Los Azules project in Argentina, marking a pivotal moment with the recent completion of a comprehensive 70,000 meters drilling program. This achievement is not…

FridayMay 31, 2024 10:00 am

Active Coal Mines Could Facilitate Green-Energy Revolution

As the use of renewable energy grows, the demand for critical minerals continues to increase. Minerals such as nickel, lithium, copper and cobalt, among other rare earth elements, are crucial for renewable energy installations and storage solutions. The production of these minerals is limited as current supply chains are already struggling with demand. As a result, prices of these minerals are soaring. This highlights a significant economic opportunity to create new supply chains for these minerals. America is geologically rich in various critical minerals and is now working to build its own domestic supply chains to help meet its own…

FridayMay 31, 2024 9:45 am

GEMXX Corp. (GEMZ) Enters Alliance with Latin Energy Partners to Advance Groundbreaking Developments in Oil Exploration in Latin America

GEMXX recently entered a significant partnership with Latin Energy Partners that has seen the two companies define terms to jointly drill four test wells in a promising geologic formation in a Latin American country The partnership is part of GEMXX’s plans to strategically expand its current successful business model, diversifying its business portfolio, and exploring new underground resource opportunities Latin America has large tracts and regions of under-explored sedimentary basins which hold significant oil and gas resources potential Preliminary explorations in the two basins suggest potential for more than 1 billion barrels each of recoverable oil, positioning GEMXX and Latin…

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