NewsRoom Articles - Page 62 of 191

MondayJun 03, 2024 10:00 am

Surging Oil, Gold Prices an Indicator of Looming Inflation

In the last 12 months, the price of gold has risen by more than 20% while that of oil has increased by 15%. Investors of the precious metal are currently having a good run, with gold severing its ties with interest rates in the United States to trade at new highs. As of Tuesday this week, U.S. gold futures were trading at $2,356.50 per ounce while the price of spot gold stood at $2,357.4 an ounce. Earlier this month, the precious metal had risen to a near one-month high, its performance being bolstered by lower treasury yields and a weakening…

FridayMay 31, 2024 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Advances Los Azules Project with Comprehensive Drilling Program

Completion of a 70,000 meters drilling program at Los Azules project, is confirming the potential for significant copper production Discovery of significant mineralization extensions beyond the planned pit area, suggesting the possibility of resource expansion Strategic multi-year drilling campaign aimed at supporting the Los Azules Bankable Feasibility Study, with a focus on sustainability and low environmental impact McEwen Copper Inc., under the partial ownership of McEwen Mining (NYSE: MUX) (TSX: MUX), has made significant progress at its Los Azules project in Argentina, marking a pivotal moment with the recent completion of a comprehensive 70,000 meters drilling program. This achievement is not…

FridayMay 31, 2024 10:00 am

Active Coal Mines Could Facilitate Green-Energy Revolution

As the use of renewable energy grows, the demand for critical minerals continues to increase. Minerals such as nickel, lithium, copper and cobalt, among other rare earth elements, are crucial for renewable energy installations and storage solutions. The production of these minerals is limited as current supply chains are already struggling with demand. As a result, prices of these minerals are soaring. This highlights a significant economic opportunity to create new supply chains for these minerals. America is geologically rich in various critical minerals and is now working to build its own domestic supply chains to help meet its own…

FridayMay 31, 2024 9:45 am

GEMXX Corp. (GEMZ) Enters Alliance with Latin Energy Partners to Advance Groundbreaking Developments in Oil Exploration in Latin America

GEMXX recently entered a significant partnership with Latin Energy Partners that has seen the two companies define terms to jointly drill four test wells in a promising geologic formation in a Latin American country The partnership is part of GEMXX’s plans to strategically expand its current successful business model, diversifying its business portfolio, and exploring new underground resource opportunities Latin America has large tracts and regions of under-explored sedimentary basins which hold significant oil and gas resources potential Preliminary explorations in the two basins suggest potential for more than 1 billion barrels each of recoverable oil, positioning GEMXX and Latin…

ThursdayMay 30, 2024 10:30 am

Exploration Marvels: Torr Metals Inc. (TSX.V: TMET) Surges Forward in a Shining Era for Copper and Gold

Global copper contracts on the London Metals Exchange breaking records, similar trends observed in New York and Shanghai TMET focuses on 100% owned gold and copper projects spanning 1,000+ square kilometers with highway accessibility in Ontario and British Columbia The Filion Gold Project features six undrilled orogenic gold targets along the Filion Fault, historical sampling revealed high-grade gold potential The Kolos Copper-Gold Project targets untapped copper-gold porphyry potential comparable to regional deposits like Copper Mountain The Latham Copper-Gold Project encompasses five never-drilled copper-gold exploration targets in addition to the Gnat Pass copper-gold porphyry deposit, located adjacent to Highway 37 with…

WednesdayMay 29, 2024 10:00 am

Newmont Reopens Gold Mine in Argentina

Newmont, the biggest producer of gold globally, recently announced that it had once more commenced operations at the Cerro Negro mine in Argentina. This is after operations at the mine were suspended following the death of two workers on site. In a statement, the Denver-based company’s general mine manager Marcelo Campos revealed that the organization’s plan to resume operations had been assessed by governmental authorities. Campos noted that the approval by the authorities reflected Newmonth’s commitment to operational excellence and security. Capromisa, the provincial suppliers and services chamber, had raised concerns about the impact a continuous suspension would have on…

WednesdayMay 29, 2024 9:00 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) CEO Featured as Guest in Recent Bell2Bell Podcast

CEO explains that Aston Bay is in the business of adding value through discovery of high-grade critical metals and precious metals deposits ATBHF is working with partner to develop the Storm Copper Project, located in Canada Storm project is serving as a model as the company looks to discover, develop other projects Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) CEO Thomas Ullrich talked all things copper in a recent episode of the Bell2Bell podcast, which delivers informative updates and exclusive interviews with executives operating in fast-moving industries (https://ibn.fm/fwJak). During the interview, Ullrich and host Stuart Smith discussed key information about…

TuesdayMay 28, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Grows Asset Portfolio with Additional Claims Acquisition at the Flagship Kenbridge Nickel Project

Tartisan Nickel Corp., a Canadian mineral and battery materials exploration and mining development company, just acquired additional contiguous claims at its flagship Kenbridge Nickel Project This brings the total coverage to 4,273 ha, with 93 contiguous patents, four mining licenses, and 153 single-cell mining claims The company also announced the commencement of the 2024 baseline field work conducted by Aspen Biological Ltd. These two milestones are a testament to the company’s commitment to creating shareholder value and following through with its plans for the 2024 calendar year Tartisan Nickel (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA), a Canadian mineral and battery…

FridayMay 24, 2024 10:30 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), JV Partner Report New Exploration Targets at Storm Project Amid Rising Copper Prices

Preliminary interpretation of initial MLEM survey results indicates new exploration targets highlighting excellent potential to discover additional copper mineralization Copper process projected to continue upward trend Results open “a whole new space for potential discovery,” says Aston Bay CEO As copper prices climb to a 2024 high, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) is reporting initial results from geophysical activities that are currently underway at its Nunavut-based Storm Copper Project (https://ibn.fm/d5faa). According to the report, preliminary interpretation of the initial moving loop electromagnetic (“MLEM”) survey results indicates several new exploration targets highlighting excellent potential to discover additional copper mineralization. “Soaring copper…

FridayMay 24, 2024 10:00 am

Revenue from Graphite Electrode Segment Surges

The graphite-electrode-rod segment has grown significantly in the last couple of years, driven by a number of factors, including evolving market dynamics, growing demand by end-use industries and technological advancements. The market is expected to grow even more, with a compound annual growth rate of 6.6% from 2023–2032 and a projected revenue of $23.7 billion by 2032. Below, we look at the trends, highlights and growth drivers shaping the market’s global landscape. Latest figures show that the Asia-Pacific region is the dominant player in the worldwide graphite electrode rod market, raking in roughly $5.5 billion in revenue in 2022. The…

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