NewsRoom Articles - Page 44 of 187

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…

WednesdayOct 16, 2024 10:00 am

German Investor Demand for Gold Drops

Over the last couple of years, Germany has observed a significant drop in retail gold investment. In 2022, the European country was the second largest market for the precious metal’s investment, generating 185 tons of net gold coin and bar demand. Last year, this figure dropped dramatically to 47 tons. In the first half of 2024, retail investors in Germany purchased only 5 tons of the precious metals. A recently conducted online survey carried out by Toluna, which involved more than 3,000 investors in Germany, sought to determine what may have affected retail investment in the last two years. The…

WednesdayOct 16, 2024 9:45 am

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Shows an Unusually Strong Financial Position, and Growing Signs of Rich Gold Resources, as Drilling Expands at Thundercloud High-Grade Gold Project

Dynasty has no debt and approximately 61 million shares issued and outstanding, with approx. 40% owned by insiders and long-term shareholders. The largest shareholder, owning 9.7%, is mining legend Rob McEwen, founder, executive chairman and largest shareholder of McEwen Mining Inc. The company recently launched the second phase of this year’s drilling campaign that will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024. Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone. Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF), a…

MondayOct 14, 2024 10:00 am

In Addition to Gold, Costco Starts Selling Platinum Bars

Costco began selling 1-ounce gold bars late last year. While this was restricted to members of Costco, analysts at Wells Fargo estimate that the popular retailer sells between $100 million to $200 million in gold bars monthly. Now members of Costco can also purchase one-ounce bars of platinum at $1089.99. Platinum’s value has risen by 15% since last year, with its demand growing significantly. The silvery-white metal is resistant to corrosion, just like gold. It has many different uses, among them its use in catalytic converters for trucks, cars, and buses. This use makes up 50% of its annual demand.…

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