NewsRoom Articles - Page 54 of 164

FridayOct 20, 2023 10:30 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Increases Output as Canadian Oil Production Hits Record High

International Energy Agency (“IEA”) forecasts record oil production in Canada, global demand and prices expected to rise as Russia and Saudi Arabia cut production Prospera Energy operates 42,000+ cumulative acres, estimates approximately 8% of over half a billion available barrels was recovered using traditional vertical well technology The company completed Phase 1 of restructuring plan, production expanded from 80 to 1,200 BOE and NPV increased from $3 million to $72 million Phase 2 focuses on horizontal well transformation, piloting an enhanced oil recovery application, executing liability management objectives, and furthering ESG initiatives The company recently completed four horizontal wells of…

FridayOct 20, 2023 9:00 am

GEMXX Corp. (GEMZ) On Track to Exceed Estimated Production for the Season Following 2nd Clean-Out and Recording of Gold Production at Snow Creek Mine Site

GEMXX Corp., producer and distributor of gold and gems, draws on its own mining assets to manufacture its colorful jewelry, unique in the jewelry industry, and is the leading producer of top-quality finished Ammolite products. GEMXX just completed its second clean-out and recording of gold production at its Snow Creek Mine site, yielding 172.3 ounces of gold from 18,000 cubic yards of material, resulting in 0.96 ounces per 100 cubic yards. 2023 gold production is a huge milestone for the company, as it looks to de-risk its revenues and complement its Ammolite production, and the company is on track to…

ThursdayOct 19, 2023 1:24 pm

Abandoned Coal Mines Now Providing Winter Heating to Communities in Europe

A ground-breaking project in the English town of Gateshead is using abandoned coal mines to provide winter heating to hundreds of businesses and homes. The former coal community has been drawing heat from the warm water filling the labyrinth of old coal mining tunnels for the last six months. With an estimated one-quarter of homes in the United Kingdom sitting atop networks of coal tunnels, the pilot project shows that using abandoned coal mines for heating could be a feasible option for millions of UK residences. The project provides a means for the UK to leverage coal mines that are…

ThursdayOct 19, 2023 9:00 am

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) Advances Exploration Efforts in Brazilian REE Project Site

Canadian mineral explorer Appia Rare Earths & Uranium is acquiring project sites with rare earth element (“REE”) potential to help sustain American hemisphere independence in the REE supply chain The People’s Republic of China currently enjoys a near-monopoly over REE mining and production, leading Western nations to seek greater security for the metallic elements vital to modern computer technologies and the strong magnets used in them Appia recently reported updated results from its drilling programs designed to identify the extent of REE mineralization at the company’s project site in central Brazil, expressing excitement over the project’s potential The company is…

WednesdayOct 18, 2023 2:01 pm

Barrick Gold Positioned to End 2023 Strong

Barrick Gold Corporation has reported preliminary sales numbers for the third quarter of the year that will have the company close 2023 with a strong finish. The company reported Q3 sales of 101 million pounds of copper and 1.3 million ounces of gold and a preliminary Q3 production rate of 112 million pounds of copper and 1.04 million ounces of gold. While production in the third quarter was lower compared to prior production plans for the quarter, the numbers still put Barrick Gold on track to a strong finish as the year draws to a close. Barrick Gold may be…

WednesdayOct 18, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Takes Aim at Supply Chain Threats with Strategy to Bolster American Production of Tech-essential REEs

Strategic metals supply chain enterprise Ucore Rare Metals Inc. has developed its own proprietary solution for separating rare earth elements from their host ores in hopes of re-establishing a North American base for the REE supply chain During an era of international trade tensions over computer tech asset sourcing, Ucore aims to reduce Americans’ reliance on China for the REEs critical to modern technology ranging from cell phones and computers to electric vehicle batteries Ucore’s RapidSX(TM) REE processing solution is being demonstrated as advantageous over industry-standard CSX processes in side-by-side testing at Ucore’s facility in Ontario, Canada Ucore is preparing…

WednesdayOct 18, 2023 9:00 am

Jewelry Maker GEMXX Corp. (GEMZ) Notes Growing Success in Quarterly Financial Statement

Las Vegas-based jewelry maker GEMXX Corporation is reporting positive net revenues, and $0.00 in long-term liabilities, in the company’s recently released quarterly financial statement GEMXX is unique in that it mines its own gold resources and is making plans to operate the world’s largest Ammolite gemstone mine soon, all for its distinctively iridescent jewelry products Ammolite is a gemstone derived from the fossilized shells of large, extinct marine nautiluses — commercially mined in Alberta, Canada, and nowhere else in the world The company has a fully qualified Tier 1, Form 1A registration to raise up to $6 million through its…

TuesdayOct 17, 2023 2:54 pm

World Gold Council Expects Q4 2023 to Exhibit Gold Market Turbulence

The World Gold Council predicts that gold will experience market turbulence in Q4 2023. After a historic gold-buying spree by central banks propped up the precious metal’s price, gold has seen its performance wane in recent months amid increasing inflation and higher interest rates. Gold prices went down by 3.7% last month, the World Gold Council reports, and the organization expects market turbulence in the last quarter of the year to place further pressure on gold prices. The precious metal typically performs strongly during uncertain times, but high interest rates coupled with a strong dollar reduced interest in gold as…

TuesdayOct 17, 2023 1:09 pm

IMARC 2023: Exploring the relationship between Indigenous Peoples and the mining industry

The global mining industry is at a critical juncture in its engagement with First Nations communities, with progress on economic participation and employment being tempered by ongoing challenges around cultural heritage and land use. The destruction of Indigenous heritage sites in the western Pilbara in 2020, which attracted world headlines, has brought the relationship between mining leaders and traditional landowners into sharp focus. But while there continues to be challenges around environmental and cultural heritage, attention is also focusing on how mining can boost the employment, skills and economic participation of the First Nations communities in which they operate. This…

MondayOct 16, 2023 2:57 pm

Tellurium Could Accelerate Transition to Green Energy

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF), a Delta, Canada-based company that is currently developing next-generation battery technologies, may play a significant role in the global green-energy transition thanks to a mineral called tellurium. The mineral has applications in everything from solid-state battery designs to thermoelectric devices and solar panels that can transform energy from the sun into relatively low-carbon energy. While conventional batteries use a polymer gel or liquid electrolyte to move lithium ions from the anode and cathode, solid-state batteries rely on solid electrolytes to carry ions between the electrodes. Lithium-tellurium batteries outclass conventional lithium-ion batteries in terms…

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