NewsRoom Articles - Page 48 of 164

TuesdayDec 12, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) at Forefront of Race to Develop Western Rare Earth Refining Solutions

A recent Reuters report focused its attention on rare earth mining companies’ efforts to strengthen American self-sufficiency in the production of natural elements vital to modern computerized products Rare earth element (“REE”) enterprise Ucore Rare Metals Inc. is gaining attention as a company focused on the refining of already mined rare earths to specialize in a particular sector of the supply chain, using its proprietary RapidSX(TM) technology The rare earth supply chain has been a subject of concern for years because of China’s near-monopoly on mining, refining, and production, for permanent magnets, strategic because of their use in a wide…

TuesdayDec 12, 2023 9:00 am

China Plans to Set Up Coal Production Reserve Despite Pledging to Phase Out Dirty Fuels

A Chinese state planner says the country will set up a backup production system for coal production to secure China’s coal supply and stabilize prices despite national plans to begin phasing out coal use in the latter half of the decade. China is one of dozens of countries that pledged to phase out coal use as part of global efforts to combat climate change. However, the world’s largest polluter seems to have gone all-in on coal in recent years. The Asian nation’s reinvestment in the dirty fuel was triggered by a global energy crisis that was significantly exacerbated by the…

MondayDec 11, 2023 11:48 am

Gold Reaches Highest Price Ever

Gold was trading at record high prices last week as rising geopolitical tensions, a weakening dollar and expectations of an interest rate cut by the U.S. Federal Reserve buoyed demand for the precious metal. Prices went up by as much as 3% at the start of the week to hit $2,135 per ounce, surpassing August 2020 prices, which hit a record $2,072 before falling to around $2,023 on Monday at noon. A combination of varied factors has caused gold prices to skyrocket in recent weeks after rising interest rates and a stronger dollar consistently battered them. The conflict between Hamas…

FridayDec 08, 2023 3:43 pm

Gold ETF Sees Highest Inflows in Nearly Two Years

Gold exchange-traded funds (ETFs) experienced their largest inflows in close to two years last month as investor interest in the precious metal skyrocketed amid record prices. After months of consecutive interest rate hikes pressured gold prices, a confluence of factors has caused gold prices to surge to record levels in recent weeks. The increasing rate of violent conflicts, specifically the Hamas attack on Israel, caused gold prices to spike as investors desperately sought a safe-haven asset to preserve their holdings from the fallout of a potential conflict in the broader Middle East. Hopes that the U.S. Federal Reserve will finally…

ThursdayDec 07, 2023 2:38 pm

Awareness of Associations Between Minerals Could Unlock Keys to Addressing Critical-Metals Supply

The world stands at the precipice of an event that threatens to significantly impact human society by disrupting the natural, social and economic systems it relies on to thrive. With the effects of climate change becoming frighteningly clearer by the day, most countries have pledged to transition from fossil fuels to clean and renewable sources of energy such as solar, wind and geothermal power. However, the global-energy transition will have to overcome an issue that could prevent many nations from achieving their green-energy goals in time: a shortage of critical minerals. Critical minerals are metallic and nonmetallic elements that have…

ThursdayDec 07, 2023 10:30 am

GEMXX Corp. (GEMZ) Releases Positive Q2 2023 Results, Provides 2023 Business and Mining Updates

GEMXX reported significant growth in its Q2 2023 revenue and net income, with the company anticipating additional growth and increased production of its gold assets in 2024 GEMXX, in partnership with Crazy Horse Mining Inc., proved the commercial viability of the Snow Creek gold mine and is looking to similarly prove the viability of the Rosella Creek gold asset in 2024 For the balance of 2023 and into 2024, the company is targeting additional acquisitions, more mine production, and more revenues, and plans to expand gemstone and jewelry production by 300% in 2024 GEMXX (OTC: GEMZ), a company specializing in…

WednesdayDec 06, 2023 2:40 pm

Why Gold Could Trade at $2,400 Next Year

Analysts are offering bulling predictions of gold bullion prices hitting up to $2,400 per ounce next year thanks to a confluence of market, geopolitical and economic factors. Kedia Advisory director Ajay Kedia says that gold prices are experiencing significantly higher volatility but notes that the metal has provided strong returns in the past several months. Kedia Advisory remains bullish on the precious metal and expects gold prices to reach around $2,240 per ounce if price volatility does not reduce and up to $2,400 in 2024 if the “fundamentals remain strong.” The Kedia Advisory report notes that gold reaching highs of…

WednesdayDec 06, 2023 11:15 am

Podcast: Jewelry Maker GEMXX Corp. (GEMZ) Enjoys Rapid Growth Thanks to Gold Interest, Focus on Vertical Mine-to-Market Integration

GEMXX Corporation is unique as a jewelry maker with important Canadian mining assets, supporting its mine-to-market operations dealing in gold and the rare Ammolite gemstone Amid recent market fluctuations, gold continues to maintain a strategic profile as an investment safe haven, with consumption continuing at a historic pace GEMXX is riding high on recent “explosive” revenue growth and a no long-term debt position, looking forward to fulfilling select goals to improve its overall production, uplisting to a major exchange and aggressively seeking out strategic acquisitions to add revenue and / or reduce its costs A new NetworkNewsAudio News Podcast and…

WednesdayDec 06, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Advances Solution to Chinese Controls on REE Supply Chain

Strategic metals supply chain innovator Ucore Rare Metals Inc. has developed a proprietary technology it expects to improve rare earth element (“REE”) processing, and is preparing for commercial use of its solution The REE supply chain has become a matter of concern to Western governments as well as private industry because of the tremendous market dominance enjoyed by the People’s Republic of China and fears China will exploit that dominance with increasing export restrictions Ucore is currently demonstrating the ability of its RapidSX(TM) REE processing solution to match and / or exceed the capacity of industry-standard CSX processing technology while…

TuesdayDec 05, 2023 3:41 pm

Kiyosaki Urges Investors to Put Money in Silver, Gold, Bitcoin

The author of the best-selling novel “Rich Dad, Poor Dad,” Robert Kiyosaki has called on people to invest in gold, silver and Bitcoin “before it is too late.” In a statement posted on X (formerly Twitter), Kiyosaki urged people to “get out of the fake money system” and invest in the three assets as gold prices surge to new highs. Investing in gold is a relatively sound financial move because it adds some stability to a portfolio and grants it some resistance to market forces. And with gold prices surging amid significantly renewed interest in the precious metal as a…

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