MondayNov 02, 2020 10:21 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Achieves Debt-Free Milestone, Provides ‘Clean Slate’ for Increased Uranium Production

One of few uranium, natural resource companies in North America with no debt Sets stage for increasing uranium production as markets improve; launching rare earth element initiative Allows rare earth production as markets warrant Applauds U.S. government for securing agreement to limit imports of uranium from Russia Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium mining company in the United States, has officially reached debt-free status, a goal it has been working toward for the past several months (https://ibn.fm/BFes9). The company reached that goal following the retirement of its remaining Cdn$10.4 million of floating rate convertible unsecured subordinated debentures; the…

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FridayOct 30, 2020 2:00 pm

Important Copper Negotiations Reveal Limited Supply

The COVID-19 pandemic has made it hard for companies to negotiate deals, as evidenced by the Freeport-McMoRan copper benchmark deal. Instead of personally receiving key customers during the London Metal Exchange Week, miners have resorted to using virtual meetings, whose progress is slower than traditional face-to-face meetings, to hammer out deals. Apart from impacting gatherings, the pandemic is also affecting mine supply and stirring up market uncertainty. Javier Targhetta, Freeport’s senior VP of sales and marketing, expects that the deficit of copper concentrate in the market will continue. He adds that prior to the pandemic, inflexible supply of concentrates had…

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FridayOct 30, 2020 12:30 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Cites 2020 as Year of Milestones

Changed name to reflect acquisitions, exploration, developments beyond Canada Created opportunity for American investors to participate through OTCQB Acquired seven advanced gold projects in Maricunga Gold Belt with plans to start drilling in early 2021 GoldHaven Resources (CSE: GOH) (OTCQB: ATUMF), previously Altum Resource Corp., is a mineral-exploration and resource-development company focused on identifying economically viable resource opportunities in the Americas. The company has gold assets in Northern Chile and Western Canada. This year has been an exciting year for the company as it has undergone a name change, tapped into new opportunities, acquired resources and laid plans for the future.…

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ThursdayOct 29, 2020 2:00 pm

Five Companies That Could Win Tesla’s Giant Nickel Contract

Earlier in July this year, Tesla’s Elon Musk asked miners to mine more nickel. He pledged a “giant contract” for any firm that could mine nickel in an environmentally and economically sensitive way. Many speculate this to be an indication of Tesla upscaling its production of lithium-ion batteries. Forecasts show that Tesla may reach production of 5 million electric vehicles (EVs) by 2025. So assuming each Tesla EV requires roughly 55 kilograms of nickel, and Tesla manufactures 5 million electric vehicles annually, the company would potentially need approximately 275 million kilograms (275,000 tons) of nickel annually. No wonder the company…

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WednesdayOct 28, 2020 2:00 pm

Mining Company Records Highest In-Situ Gold Grades in Quebec

Troilus Gold Corp. recently reported that its 2020 summer regional exploration program, which was centered on the generation of high-priority targets within the Frôtet-Evans Greenstone Belt, yielded the highest gold grades ever. These grades were recovered on the Troilus Project, which is found in the northeast area of Chibougamau, Quebec. The news comes after Troilus grew its land position earlier this year with more than 90,000 ha, which made the company the biggest claim holder in the greenstone belt. These impressive results were obtained from the Testard target, which is another one of Troilus’s projects. The target is found roughly…

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WednesdayOct 28, 2020 12:54 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Looks to Nuclear Energy Future with Bipartisan Support

Nuclear power is seeing bipartisan government support Executive order declared state of emergency to address America’s overreliance on critical minerals, including rare earth elements and uranium, from foreign sources House Speaker spearheaded climate bill that calls for reducing emissions to zero by 2050; Biden wants same goal by 2035 Energy Fuels (NYSE American: UUUU) (TSX: EFR) is a U.S. miner that stands ready with the unique abilities and resources to supply the United States with its growing demand for clean nuclear energy. As election day looms closer, the one thing both parties seem to agree on is that nuclear energy…

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TuesdayOct 27, 2020 2:00 pm

A Glimpse into the US, Canada’s Critical Minerals Plan

For the past two years, the Unites States has made an effort to decrease its dependence on foreign mineral imports while encouraging domestic miners to provide these minerals. The America First mining program designated 35 products that were important to the national and economic security of the country; China currently dominates the production of many of these important minerals, including aluminum. China is the world’s largest producer of aluminum with a yearly production capacity of roughly 36 million tons. With tensions rising between China and the U.S., the United States is eager to enter into trading relationships with other countries…

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FridayOct 23, 2020 2:00 pm

New Study Discovers Countries with Transparent Mining Sectors Have Lower Carbon Emissions

In a new study conducted by the University of Sussex, data shows that countries which are part of the EITI (Extractive Industries Transparency Initiative) have recorded a 13% average decline in carbon emissions between the years 2000 and 2014. However, the world average carbon footprint per capita increased by 23% in the same period. The initiative demands financial transparency over gas, oil and mining revenues. Benjamin Sovacool, an energy policy professor involved in the research, explains how the scheme has allowed nations globally to use recovered funds that would have been lost to corruption to invest in more sustainable energy…

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ThursdayOct 22, 2020 2:00 pm

Challenges of Incorporating Electro-Mobility in Mining

In a bid to make the mining industry more sustainable, Codelco, Chile’s state copper miner and the world’s largest copper producer, is incorporating electro-mobility into its operations. However, major challenges lie ahead. In a webcast, Codelco’s innovation management specialist, Gonzalo Ramirez, stated that greater electro-mobility adoptions inside the mines would be dependent on the availability of well-trained and informed people as well as the technological feasibility of the business. He mentioned that from a market perspective, the company needed to validate business models and lower battery prices while on the technological side, Codelco needed the massive use of equipment. According…

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WednesdayOct 21, 2020 2:00 pm

Union Wins Against Nevada Gold Mines in Unlawful Conduct Dispute

The world’s largest gold mining complex; the Nevada Gold Mines, was formed in 2019 as a joint venture between Barrick and Newmont. The mining entities stated that they expected the business combination to generate $500 million in savings every year within the first 5 years. Newmont is the world’s biggest gold miner and owns 38.5% of NGM and Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), who is the world’s 2nd largest gold miner, owns the remaining 61.5% and operates the business. In the first 12 months of its operation, NGM showed a strong performance despite a dispute with its union.…

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