NewsRoom Articles - Page 49 of 194

FridayNov 15, 2024 10:00 am

Piedmont Lithium Releases its Q3 Financial Reports

Earlier this week, Piedmont Lithium Inc. reported its Q3 financial results. The American mining company is the leading supplier of lithium products needed for the country’s electric car supply chain. The results show that the company shipped roughly 31,500 dry metric tons of spodumene concentrate, which generated $27.7 million in revenue. Spodumene concentrate is a mineral concentrate that contains lithium used to make lithium products like Li-ion batteries. The company expects to ship between 40,000-55,000 dry metric tons of the concentrate in the next quarter, which will bring total shipments for 2024 to 102,000-116,000 dry metric tons. The report also…

ThursdayNov 14, 2024 10:00 am

Strengthening Dollar, Upcoming Fed Policy Announcement Cause Gold price to Slide

The start of the week saw the price of gold drop by over 2% as the dollar continued to rise. U.S. gold futures fell 2.9% to $2617.70 while spot gold settled 2.5% lower at $2617.96 an ounce. This decline follows Donald Trump’s victory in the recently concluded U.S. presidential election, which experts expect will influence interest rate cuts and fiscal policy. Following the announcement of his victory, the dollar index which had already surged 0.5% to reach its highest level in months, rose by over 1.5% to 105.44. Bullion also recorded its worst week in more than 5 months following…

ThursdayNov 14, 2024 9:30 am

Torr Metals Inc. (TSX.V: TMET) ‘Sets Stage’ for Major Discoveries with Exploration Efforts at Filion Gold Project

Discovering viable gold deposits involves advanced geoscientific techniques, significant financial investment and years of rigorous exploration and development. Torr Metals, an emerging player in the mining sector, is making significant strides in gold exploration with its Filion project. The company recently announced that it had organized field crews to undertake a large-scale surface exploration program at Filion. Gold has long been a cornerstone of global economic stability, acting as both a store of value and a hedge against inflation. For centuries, this precious metal has provided a haven during economic downturns and geopolitical uncertainties. Central banks hold vast reserves of…

TuesdayNov 12, 2024 10:00 am

Copper Retreats as Disappointment Over Limited Chinese Fiscal Intervention Mounts

Friday saw the price of copper drop following disappointment over the support package announced by China to revive its economy. On the London Metal Exchange, three-month copper declined by 2.2% to reach $9,456 per metric ton. This came just a day after the red metal’s price rebounded by 3.4% the previous day. China is a huge consumer of various metals, including copper, steel, and aluminum. Despite slowing its copper wire purchases this year, China through the State Grid Corporation of China, uses over one-quarter of copper produced globally in its electrical cables. In addition to being the biggest consumer of…

TuesdayNov 12, 2024 8:00 am

AI Solutions Startup Secures $15m in Fundraising Round

Cogna, an artificial intelligence software firm, just brought in $15 million in new backing. The company has the largest gas distribution network in Britain among its clients. This latest funding includes investment from key venture capital firms Chalfen Ventures and Notion Capital. Cogna intends to use the funding to boost productivity and resolve inefficiencies within the operations of their target clientele. According to the company, they intend to use “precision solutions” in the diagnosis and fixing of those challenges faced by their customers. Their clients are currently within the manufacturing, utilities and energy sectors. With this new funding, Cogna plans to…

MondayNov 11, 2024 8:45 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Reports ‘Continued Exploration Success’ with Recent Gold Discovery Updates at Beaupré, Parbec Projects

“Gold has value beyond its appreciated aesthetics; gold is a very unique precious metal,” Forbes reports. In its recent update to shareholders, Renforth Resources noted key progress in its gold-exploration efforts. Findings “demonstrate the potential of our properties” and speak to “the immense opportunity ahead,” notes CEO. Long an essential component of a healthy global economy, gold has steadily increased in value since the turn of the century. Companies operating in gold exploration and mining, such as Renforth Resources (CSE: RFR) (OTCQB: RFHRF), play a key role in discovering and supplying gold. Renforth Resources recently strengthened its position in the gold…

FridayNov 08, 2024 10:00 am

MIT Researchers Discuss How Nickel Mining Impacts Communities and How it Can Be Produced Sustainably

With more and more countries working to reduce emissions globally, the demand for metals and minerals required for clean energy tech has increased significantly. While current demand can be met, the harming of local environments and strain experienced by existing supply chains may soon affect the supply of these critical minerals. New research has looked into whether nickel can be produced in a sustainable way. The research was conducted by a team of 12 researchers, including Prof. Elsa Olivetti; Karan Bhuwalka and Basuhi Ravi, who recently graduated with PhDs. Nickel is needed for electric car batteries as well as wind…

FridayNov 08, 2024 9:30 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Working to Become Leading Provider of Essential Green Metals

Green metals play a pivotal role in promoting sustainability due to their critical use in clean-energy technologies. Renforth Resources is well positioned to contribute to the green-metals supply through its Quebec-based Malartic Metals Package. The company’s exploration efforts on the Malartic Metals Package reflect a commitment to advancing the green-metals supply in an environmentally conscious way. In a world that’s increasingly focused on sustainability, “green metals” have emerged as vital materials for building an environmentally friendly future. Green metals, including nickel, zinc, copper and cobalt, are essential for developing sustainable technologies and supporting the transition away from fossil fuels. These…

ThursdayNov 07, 2024 10:00 am

Gold Investments to Weigh as Interest Rates are Reduced

Up until the Fed decreased its federal funds rate in October, rates of interest were high. Now with reduced rates of interest and expectations that the Federal Reserve may cut rates further this month, investors are advised to examine which gold investment best suits them. This is because many investors often turn to the precious metal during economic uncertainty as it can protect their wealth while also providing stable value as well as steady returns despite fluctuations in the market. Below, we look at different investment options that may be favorable in the current environment. Physical gold With a possible…

WednesdayNov 06, 2024 9:45 am

Rising Demand for Physical Metals Boosts Platinum’s Investment Appeal

Economic uncertainties are driving investor interest in tangible assets like gold and platinum, with Costco entering the market by offering bullion. Costco's introduction of platinum bars, following high demand for gold, reflects growing recognition of platinum as a viable investment option. Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is well-positioned to capitalize on rising platinum demand, supported by positive developments at its Waterberg PGM Project. As economic uncertainties loom, investors are increasingly gravitating toward tangible assets, with physical metals emerging as a standout choice. This trend has become so significant that even major retailers, such as Costco (NASDAQ:…

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