NewsRoom Articles - Page 62 of 188

FridayMay 03, 2024 10:00 am

G7 Agree to End Coal Power Generation by 2035

The Group of Seven Nations (G7) has ramped up its green-energy transition efforts with an expedited timeline that will see its member nations stop the “unabated use” of coal by the year 2035. This represents a significant breakthrough in climate policy after G7 negotiators spent several years unsuccessfully trying to set a common target for eliminating unabated coal use. Shortly after G7 climate, environment and energy ministers held talks in Italy to discuss a common target for the phase-out of coal-fired power plants, the group released a communiqué announcing that it had committed to phasing out the unabated use of…

FridayMay 03, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Moves Toward Feasibility Study, Exploration at Kenbridge Nickel Project on Strength of PEA Report

Tartisan originally released a Preliminary Economic Assessment (“PEA”) report in 2022, which confirmed the significant nickel-copper-cobalt mineral resource at its 100%-owned Kenbridge Nickel Project The PEA noted that the measured and indicated mineral resources represent 3,508,000 tons at 0.70% Ni, 0.35% Cu, and 0.01% Co (54 Mlb Ni, 27 Mlb Cu), while inferred mineral resources represent 1,013,000 tones at 1.21% Ni, 0.56% Cu, and 0.01% Co (27 Mlb Ni, 13 Mlb Cu) The PEA also indicated a 9-year mine plan based on a 1,500-ton-per-day underground mining and processing operation The company transitioned to the Advanced Exploration (“AEX”) and Project Development…

WednesdayMay 01, 2024 10:00 am

Why Portfolios of Seniors Should Include Gold Now

Investing in gold has always been encouraged, with the metal’s recent performance only adding to its appeal. By mid-February, the precious metal’s value had hit $1,990 an ounce, moving to $2,160 an ounce by March. By late April, the price of gold was just below $2,400 an ounce. This significant increase in the metal’s price has been attributed to different factors, among them geopolitical tensions, rising inflation and other economic uncertainties. For individuals in retirement, investing in gold may be appealing, particularly since it’s a good way to maximize one’s returns. Below, we look at other factors that make gold…

MondayApr 29, 2024 10:00 am

Copper Shortages Crucial to Expected Price Increases

The unexpected deficit in global copper supplies through 2024 will be critical to maintaining the metal's price increases through the year. As 2023 drew to a close, two major copper mines closed down and cut down expected copper supplies by a wide margin, plunging the global supply chain into an unexpected deficit that eventually caused a surge in copper prices. This upward momentum pushed copper prices to such a high degree they almost reached the $10,000 per metric ton mark that is expected to be supported through the rest of the year by impending copper shortages. Increased expectations of a…

FridayApr 26, 2024 10:00 am

Experts Explain How Investors Can Leverage Current Gold Prices

A confluence of geopolitical factors has caused gold prices to surge in recent months and made the precious metal an attractive prospect for many investors. With many countries experiencing rising living costs and high interest rates amid an increase in armed conflicts, investors are looking at gold as a means of diversifying their portfolios and protecting them from volatility. Many experts are advising investors to buy now before gold prices get out of control. The precious metal has already experienced a major surge in price that has left original holders with significant gains and will likely see continued upward pressure…

FridayApr 26, 2024 9:45 am

Torr Metals Inc. (TSX.V: TMET) Set to Capitalize on Green Energy’s Rising Demand for Copper

Copper is expected to play an increasingly important role in powering the world’s transition towards net zero technologies The average electric vehicle can contain up to 183lbs of copper, a massive 277% increase relative to internal combustion engine cars The surge in copper demand is expected to drive a necessary increase in supply, requiring an additional 9.7 million metric tons (Mt) production per annum by 2031. With a deficit of 114,000 tonnes projected for 2023, the copper supply is anticipated to remain in deficit by the beginning of the next decade with a forecasted shortfall of 6.5 Mt Torr Metals…

WednesdayApr 24, 2024 11:15 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shines in the Basic Materials Sector

McEwen Mining (NYSE: MUX) (TSX: MUX) has been a standout performer in the Basic Materials sector this year, showcasing a remarkable growth trajectory that has caught the attention of investors and analysts alike. With a year-to-date stock price increase of approximately 51%, MUX has significantly outpaced the average performance of its sector peers, which have seen an average decline of about 2.7%. This impressive growth is not just a number but a testament to the company’s resilience and potential for future gains. The surge in MUX’s stock price is further bolstered by a substantial upward revision in earnings estimates. Over the past quarter, the Zacks…

WednesdayApr 24, 2024 10:30 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Retains Northwest Solutions Inc. to Complete Kenbridge Nickel Project All-Season Access Road

Mineral exploration and mining company Tartisan Nickel Corp. recently engaged Northwest Solutions Inc. (“NWS”) to provide project management and other support for its flagship Kenbridge Nickel Project in Ontario NWS Inc. offers a range of services, including forestry, mining, and environmental services, as well as training, project management support, and communications consulting services Kevin Shorthouse, NWS, has been named Road Design and Road Permitting Project Manager Brandi Shorthouse, NWS, will be the Finance and Communications Manager for the Kenbridge Road Project Greg Edwards (Tartisan), current Project Manager for the Kenbridge Nickel Project, has been named the Company's First Nations Liaison…

WednesdayApr 24, 2024 10:00 am

Goldman Sachs Says Gold Could Reach $2,700

Last week, the price of gold held steady with increasing geopolitical risks continuing to prop its prices up. This is despite the fact that the Fed also signaled a potential delay in a reduction in rates of interest. U.S. gold futures dropped by 0.2% to reach $2,402.50 an ounce in New York while the price of spot gold rose by 0.1% to hit $2,387.12 an ounce. Spot gold’s price is roughly $50 short of its all-time high of $2,400.59 per ounce, which was recorded the previous week. As of two weeks ago, three-month gold futures in the United States were…

MondayApr 22, 2024 10:00 am

Federal Officials Unveil New Rules Regulating Silica Dust Levels in Mines

Earlier this week, federal officials unveiled new rules protecting miners from silica dust, a toxic component that gets trapped in lung tissue causing scarring and inflammation. Silica is found in abundance on earth and is roughly 20 times more toxic than coal dust. It is commonly found in the quartz that surrounds coal seams. This is a growing issue in mines that has left some individuals sick and even caused some individuals to die. Researchers have, for decades now, recommended that exposure to silica dust be limited and regulated so overexposure is avoided. The new rules impose exposure limits applied…

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