NewsRoom Articles - Page 53 of 199

ThursdayNov 21, 2024 10:00 am

US House Passes Critical Minerals Consistency Act

Last week, the U.S. House of Representatives approved a bill that amends the Energy Act of 2020 to broaden the definition of critical minerals to include materials designated by the energy department. The bill in question, the Critical Mineral Consistency Act of 2024, was passed with bipartisan support of Democrats and Republicans. Under current regulations, the critical minerals list contains minerals that are needed for energy, including those on a similar list by the United States Geological Survey. The bill directs that the geological survey include the materials in the energy department’s list on its own list. In detail, it…

ThursdayNov 21, 2024 8:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports on Storm Copper Project Deep Drilling Campaign

Aston’s CEO reports that drilling confirms the company’s geological model. The 2024 deep-drilling program has delivered further evidence of a very extensive laterally oriented deeper copper horizon that covers an area of more than 10 square kilometres (km2) and remains open. All three deeper drill holes in the 2024 program — collared approximately 2 km apart from each other — have intersected copper sulfides and prospective stratigraphy within the interpreted deeper copper horizon. Additional results from the 2024 campaign to be reported in the coming weeks. Amid strategic diamond-drilling activities, Aston Bay Holdings (TSX.V: BAY) (OTC: ATBDF), a publicly traded…

TuesdayNov 19, 2024 10:00 am

3 Smart Moves to Make as the Price of Gold Drops

Since 2024 began, interest in gold investing has increased significantly, driven largely by the metal’s price surging over the last few months. Over the last ten months, gold’s price has risen to new highs while attracting even more investors and breaking prior records. Some analysts forecast that the metal’s price may hit $3000 an ounce before the year ends, based on its current trajectory. However, it is also important for investors to keep in mind that the price of gold can just as easily start dropping. This month, the precious metal’s price has dropped to $2560.90 an ounce, quite a…

MondayNov 18, 2024 8:00 am

The Safe-Haven Asset Crypto Investors Are Missing

In recent years, cryptocurrency has captured the imagination of investors, who have embraced it as a revolutionary asset class offering high-growth potential. With Bitcoin and other digital currencies reaching new heights, many investors have turned to the crypto market as their hedge against inflation, government intervention and traditional assets. But there’s a time-tested asset that deserves more attention and has also been reaching all-time highs this year: gold. Much like Bitcoin, gold’s scarcity is one of the key factors driving its value. The finite nature of both assets appeals to investors who are drawn to the idea of owning something…

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…

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