NewsRoom Articles - Page 48 of 183

WednesdayAug 14, 2024 10:00 am

Q2 Saw Tech, Industry Demanding More Gold, WGC Data Shows

Data released by the World Gold Council shows that in the second quarter, the demand for gold from tech and industry continued rebounding. Industrial and technology applications consumed more than 80 gold tons this past quarter, representing an 11% increase year-on-year. This rise pushed up the demand for gold for the first half of 2024 to 162 tons. In the tech industry, the field of electronics was the main driver of gold demand. This comes as the demand for chips used in applications such as computing and artificial intelligence (AI) continued to increase. During this quarter, the sector also recorded…

WednesdayAug 14, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF): A Canadian Junior Mining Company on the Hunt for Nickel Riches

The Trans-Hudson Orogeny (Corridor) stretches hundreds of kilometers across North America and includes a long history of successful mines, while remaining highly underexplored Fathom Nickel owns the commanding land position in the Rottenstone Domain region of the Trans-Hudson Corridor, with 122,000+ highly prospective hectares Fathom Nickel projects include the past-producing Rottenstone Mine, multiple high-grade deposits that remain open in all-directions, mineralization that the company continues to prove via surveys and drilling Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is a Canadian junior mining exploration and development company focused on acquiring, exploring, and developing high-quality nickel, copper, and cobalt deposits.…

TuesdayAug 13, 2024 10:30 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Q2, H1 Financial Results, Key Update on Argentinian Mining Project

This has been the company’s most profitable quarter in the last eight years, according to CEO Rob McEwen Revenue was up 38%, driven by an increase in gold prices and the amount of gold equivalent ounces sold Infill drilling at Los Azules copper project has been completed, confirming the geological model and the high-grade zone New Argentinian legislation designed to facilitate foreign investment is expected to significantly improve the economics of the Los Azules project and lower risks for investors McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer in the Americas with a large…

TuesdayAug 13, 2024 9:45 am

Torr Metals Inc. (TSX.V: TMET): A Rising Star in the Next Big Exploration Play

Torr Metals is lighting up the map by advancing three high-potential copper and gold projects in Canada, all located in prime mining jurisdictions with increasing M&A activity by major mining companies Each of Torr’s projects boasts key traits sought by majors: high-grades, prime location, robust infrastructure, full project ownership, and significant scalability The company’s assets are situated near major mining operations, including Canada’s largest open-pit copper mine at Highland Valley, within regions rich in mining history and established infrastructure With projects positioned in some of Canada’s most prolific mining regions, Torr Metals is well-placed to attract attention from industry giants…

MondayAug 12, 2024 10:00 am

China Controls Graphite Supply Chain, a Concern for Energy Transition

Graphite is a crucial element in li-ion batteries used in electric cars and energy-storage devices, among others. The element is mainly produced by China, which has a monopoly over the battery production, refining and export. Currently, China refines more than 90% of the graphite used in electric-vehicle batteries. Most of the global supply of this element is concentrated in China, Brazil and Turkey. This dominance by the east Asian country is worrying many, particularly those aiming to diversify their supply chains. Last year, Beijing included graphite on its list of items that need an export license. This has been interpreted…

FridayAug 09, 2024 10:00 am

US Coal Stocks Reach Highest Level Since 2020

Latest data released by the Energy Information Administration shows that electric power plants in the United States held 138 million tons of coal by May’s end. According to the agency, this is the highest level since the drop in the demand for coal and power recorded at the beginning of the pandemic in 2020. Overall, the share of coal used to generate power in the country over the last couple of years has greatly decreased. This has, in turn, caused coal stocks at power plants to plunge from record highs. For instance, the power sector in America used 385 million…

WednesdayAug 07, 2024 10:00 am

Studies Explore Changing Wastewater into Fertilizer

New studies are exploring whether using organic waste to make fertilizers could help promote sustainable production and decrease fossil fuel consumption. One of the studies, by the University of Illinois Urbana-Champaign, focused on using a fungal treatment to make fertilizer from leftover wastewater for agricultural crops. The researchers were using a process known as hydrothermal liquefaction (HTL), which makes biocrude oil from biomass via a high-pressure, high-temperature process. Paul Davidson, an associate professor in the university’s agricultural and biological engineering department, stated that the process through which HTL uses wet biomass from organic sources, such as food waste or swine…

MondayAug 05, 2024 10:00 am

IEA Says Worldwide Demand for Coal Could Stay Flat in 2025

A recent coal market trend update from the International Energy Agency (IEA) notes that global demand for coal will most likely remain stable through 2025. Coal use in energy generation has been on the decline over the last decade as dozens of countries worldwide work to eliminate the dirty fossil fuel from their energy mixes. Electrification coupled with a significant surge in renewable energy capacity has helped to reduce coal use and reduce greenhouse-gas emissions as much as possible. The result has been a notable decline in the demand for coal as major markets, including the European Union, China and…

MondayAug 05, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Reveals Blue Sky Potential at Gochager Lake Property with Mal Lake Similarities

Fathom Nickel’s sprawling Gochager Lake Project covers 22,000+ hectares in the metal rich Trans-Hudson Corridor in Saskatchewan, Canada Located on the west side of the property about 10 kilometers from the Gochager deposit, the Mal Lake tenure hasn’t been explored since 1967; Fathom just re-evaluated available historic drill core The findings suggest similarities in nickel tenor, nickel-to-copper ratio, and even the source magma type between Mal Lake and Gochager Lake, hinting at a potential magmatic conduit system Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is pointing towards a bright future for its Gochager Lake property, thanks to recent core reviews…

FridayAug 02, 2024 10:00 am

WGC Chief Says Chinese Gold Market Will Keep Leading Industry Innovation

The 2024 China Gold Congress, cohosted by the World Gold Council and the China Gold Association, was recently held in Shanghai. The event, which ran from July 26–28, 2024, attracted roughly 2,000 participants from abroad as well as home. The event focused on three sectors: gold consumption, gold market and gold mining, with issues such as gold ESG, utilization of resources, safe production, green mine construction and intelligent applications being discussed. Consumption upgrades, new gold product R&D and the dual carbon strategy were also discussed. The event’s objective was to build a healthy and green-development path for the worldwide gold…

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