NewsRoom Articles - Page 49 of 173

MondayApr 15, 2024 10:00 am

GE to Help South Korean Company Switch from Coal to Gas

Earlier this week, GE Vernova announced that it would provide a H65 generator and a 7HA.02 gas turbine to Korea Western Power Co’s Gongju-si power station in the province of Chungcheongnam-do. Korea Western Power Co (KOWEPO) operates as a subsidiary of Korea Electric Power Corp. KOWEPO is spearheading a 500MW project as it transitions to using natural gas by 2027. At the moment, however, the station is powered using coal. GE Vernova is part of a group developing the project, together with Daewoo E&C, an engineering, construction and procurement company based in Korea. The project will use hydrogen in its…

MondayApr 15, 2024 9:45 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Advances Gochager Lake Exploration, Government Pledges Millions in Industry Support

Canadian government recently announced investments exceeding $15 million to support the mining sector FNICF targets high-grade nickel sulfide discoveries at Albert Lake and Gochager Lake projects Albert Lake site includes historic Rottenstone mine, produced high-grade nickel, copper, and platinum group elements (“PGE”) from 1965 to 1969 Historical drilling at Gochager Lake identified a resource of 4.2 million tons grading 0.29% nickel and 0.08% copper The Canadian government recently announced investments exceeding $15 million to support the mining sector at the 2024 Prospectors and Developers Association of Canada (“PDAC”) convention (https://ibn.fm/uhm31). The initiative aligns with Canada’s vision of becoming a leading…

MondayApr 15, 2024 9:00 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Starts Exploration Program as Growth Is Forecast for Copper Sector

Experts project demand for copper is set to rise in coming years Increased demand from power generation, EVs and electronic devices may push the copper supply deficit to 6.5 million MT “We are excited about this significant exploration program at Storm,” said Aston Bay CEO Thomas Ullrich In a space projected to see significant growth and demand in the coming decade, Canadian minerals exploration company Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) is focused on establishing a strong foothold. As an explorer of high-grade copper and gold deposits in North America, the company is beginning an aggressive exploration program focused on immediate resource…

FridayApr 12, 2024 10:00 am

Startup Using Microbes to Convert Methane into Fertilizer

The smell of methane that pervades many dairy farms could be a thing of the past if a new system that uses microbes to convert methane into fertilizer is widely adopted. Windfall Bio is the startup behind this innovation. The company revealed that it completed a funding round that put $28 million in its hands to commercialize the production of these microbes. It should be noted that this technique of converting methane into nitrogen fertilizer isn’t only applicable on farms. It can be deployed wherever methane accumulates, including landfills, oil wells or wetlands. The startup aimed at getting a novel…

WednesdayApr 10, 2024 10:00 am

Texas’ Monthly Solar Generation Trounces Coal Despite Massive Support for Fossil Fuels

Despite moves from public officials to protect fossil-fuel interests in Texas, interest in renewable energy continues to grow. The state recently established itself as a possible market for new solar power technology, a surprise since the oil and gas industry has a firm grip on the state’s economy. In a 2023 recap, Glenn Hegar, Texas’ state comptroller, revealed that the state ranked second in lignite coal production in the United States as of 2022, with North Dakota being the first. Data from the U.S. Energy Information Agency also shows that Texas is the largest consumer of coal in the country,…

MondayApr 08, 2024 10:00 am

Underperforming Copper, Precious Metals Stocks to Recover Soon

Precious metals stocks such as gold and silver as well as copper are poised to recover after a notable period of poor performance; the recovery will be based on a confluence of positive factors. Spot gold prices went up by 13% through the year 2023 and have already gone up by 6% so far in 2024, putting the precious metal prices on a positive note. The precious metal has exhibited especially strong performance over the last few weeks and closed Thursday, March 28, 2024, at $2,233 per ounce, despite facing significant headwinds. This includes positive real yields, a strengthening U.S.…

MondayApr 08, 2024 9:00 am

Torr Metals Inc. (TSX.V: TMET) Is ‘One to Watch’

Torr in March 2024 announced soil sample assay results from its maiden field program at the Kolos Project, showing five kilometer-scale mineralized zones each boasting soil sample copper concentrations surpassing 200 ppm up to 1175 ppm, including up to 725 ppb gold; a property-wide ZTEM geophysical survey, utilized by industry for porphyry exploration, and 47 rock grab sample assays remain pending In January 2024, the company announced multiple new gold anomalies with assays yielding up to 1.32 grams per ton located in areas of the Filion Gold Project that have never been drill tested In November 2023, Torr completed the…

FridayApr 05, 2024 10:00 am

US Data Boosts Optimism of Fed Cuts, Buoys Gold Price to New Record

At the start of last week, the price of gold extended its rally, boosted by its appeal as a safe haven asset and expectations of an interest rate cut. U.S. gold futures increased by more than 1% to reach $2,266.39 an ounce while spot gold hit $2,245.79 an ounce, representing a 0.6% increase. In an interview, the head of commodities research at Citi’s North America desk, Aakash Doshi, suggested that the price of gold could hit $2,300 an ounce by the second half of this year, particularly against the expectations that the Fed could reduce interest rates during the same…

WednesdayApr 03, 2024 10:00 am

The Need for Critical Metals Draws US, Australia Closer

The demand for critical minerals is growing globally as the adoption of renewable energy continues and technologies continue to advance. This need has drawn Australia and the United States closer, while widening the gap between other countries and China. The mining sector has even major miners come together as the hunt for these minerals grows. For instance, Pilbara Minerals recently expressed interest in strengthening its relationship with the United States and making use of the incentives being offered by the federal government. Pilbara, a major lithium miner based in Australia, hopes to utilize America’s Inflation Reduction Act to its advantage.…

MondayApr 01, 2024 10:00 am

Goldman Sachs Predicts Surge in Commodity Prices as Central Banks Slash Rates

Goldman Sachs Group is predicting a surge in commodity prices in 2024 as central banks across the United States and Europe work to reduce interest rates in their respective countries that would likely support both consumer and industrial demand. According to a March 24, 2024, note, raw materials could see a return of up to 15% through the year as the cost of debt reduces, the manufacturing sector starts to recover and global geopolitical risks with the potential to affect commodity prices persist. Several Goldman analysts, including Daan Struyven and Samantha Dart, believe that oil, gold, aluminum and copper products…

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