NewsRoom Articles - Page 62 of 187

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…

FridayApr 19, 2024 10:30 am

New Rare Earths Resource Estimate Showcases World-Class Project

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) will already be familiar to many readers via a previous full-length feature article [https://ibn.fm/3jlnn]. In that piece, we labeled the previous spectacular drill results from Appia’s PCH Ionic Adsorption Clays Project “a game-changer”. Since that time, Appia has released a maiden mineral resource estimate (“MRE”) for the PCH Project based upon that drilling data. The impressive numbers for this REE deposit fully justify our original assessment. Appia Announces Maiden Rare Earth Mineral Resource Estimate of 6.6 Million Tonnes Indicated Grading 2,513 ppm TREO and 46.2 Million Tonnes Inferred grading 2,888 ppm…

FridayApr 19, 2024 10:00 am

Unconventional Market Factors Cause Gold Market to Rise

A Goldman Sachs report has found that unconventional market factors are increasingly affecting gold prices and causing them to respond differently from traditional trends. The recent report pointed out that nontraditional factors caused gold prices to rise by more than 11% in India, indicating a pattern where emerging rather than conventional factors are influencing the precious metal’s prices. Although this trend has been mostly confined to India, it shows that gold is still susceptible to factors other than known determinants. Gold prices in India have increased by more than 11% in recent weeks, a surge that was particularly notable despite…

FridayApr 19, 2024 9:00 am

Securing a Domestic Supply Chain: Why Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Matters for North America

North America is deeply dependent on foreign nickel, which is a position of weakness for meeting EV and carbon goals Canada has the potential to once again be a dominant player in nickel production thanks to companies like Fathom Nickel The company holds a dominant land position in the prolific Trans Hudson Corridor, controlling over 113,000 hectares of highly prospective property, inclusive of a past producing nickel mine The rise and fall of Canada’s nickel production in recent years highlights a critical issue for North America – dependence on foreign sources of this essential metal. Despite a resurgence in 2023,…

ThursdayApr 18, 2024 10:30 am

The Race is On: Declining Production Pushes for New Gold and Copper Mines, Highlights the Value of Torr Metals Inc. (TSX.V: TMET)

With about 70% of the world’s known gold reserves mined, there is a growing urgency to discover and develop new gold and copper mines Torr Metals searching is searching for the next big gold & copper deposit across its 1,100 km² of 100% owned highway-accessible projects located in some of Canada’s most prolific mining jurisdictions Recent findings at the Kolos Copper-Gold Project defined a previously unknown trend to Cu-Au ± Mo mineralization with multiple potential undrilled porphyry centers stretching over 7 kilometers adjacent to Highway 5 Gold has been treasured for its beauty and value for thousands of years. The…

ThursdayApr 18, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) Is ‘One to Watch’

Tartisan Nickel is a Canadian mineral and metals exploration and mining development company with its shares listed on the Canadian Securities Exchange and the OTCQB Venture Market The company’s flagship project is the Kenbridge Nickel Project, located in the Kenora Mining District of northwestern Ontario and covering about 10,150 acres The company’s other assets include two additional exploration and development projects in Ontario and another in the central Peru mineral belt Tartisan Nickel in December 2023 closed C$1.35 million in flow-through financing with proceeds to fund the exploration and development of the Kenbridge Nickel Project Tartisan Nickel (CSE: TN) (OTCQB:…

WednesdayApr 17, 2024 10:00 am

Malaysian Company to Transform Agricultural Waste into Graphite in Nevada

Last week, Graphjet Technology (NASDAQ: GTI) revealed its plans to construct an artificial graphite manufacturing facility in Nevada. The company develops patented technologies for the sustainable production of graphene, graphene-based anode materials and graphite from agricultural waste. The facility will be the first-of-its-kind in the United States and will have the capacity to recycle up to 30,000 metric tons of agricultural waste, with an annual production aim of 10,000 metric tons of artificial graphite. This is expected to be able to support production of batteries to power over 100,000 electric cars annually. Graphjet Technology’s Malaysia plant, which is to be…

WednesdayApr 17, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Sees Great Potential Across its Saskatchewan Nickel Projects

Electric vehicles are expected to account for over 50% of automobile sales in 2040, driving a six-fold increase in global nickel demand Fathom Nickel has looked to capitalize on the world’s ambitions for a carbon-neutral future through the exploration and development of two promising nickel deposits located within Canada’s Saskatchewan province The site of historic exploratory and mining activity during the 1960’s, initial exploration work across both the Albert Lake and Gochager Lake projects have found great potential in terms of resource and mineral yields Forecasts suggest that by 2040, electric vehicles (“EVs”) will comprise over 50 percent of annual…

MondayApr 15, 2024 10:00 am

GE to Help South Korean Company Switch from Coal to Gas

Earlier this week, GE Vernova announced that it would provide a H65 generator and a 7HA.02 gas turbine to Korea Western Power Co’s Gongju-si power station in the province of Chungcheongnam-do. Korea Western Power Co (KOWEPO) operates as a subsidiary of Korea Electric Power Corp. KOWEPO is spearheading a 500MW project as it transitions to using natural gas by 2027. At the moment, however, the station is powered using coal. GE Vernova is part of a group developing the project, together with Daewoo E&C, an engineering, construction and procurement company based in Korea. The project will use hydrogen in its…

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