NewsRoom Articles - Page 76 of 126

ThursdayJan 06, 2022 12:30 pm

Sprott CEO Foresees Bull Run for Uranium in 2022

In a recent interview, CEO of Sprott Asset Management John Ciampaglia stated that he foresaw a bull run for uranium this year. Sprott’s Physical Uranium Trust is the sole publicly listed fund that invests in physical uranium in North America. The Toronto-based company was launched last year in July and has grown its assets to roughly $ 1.9 billion, which is a significant increase from its initial $630 million value. When Sprott’s units hit the market after its launch, uranium’s spot price was about $30/pound. Since that time, the company has amassed more than 41 million pounds of uranium, which…

WednesdayJan 05, 2022 1:53 pm

Major Battery Energy Storage Project to Be Launched in San Diego

A major energy storage project is set to launch battery storage systems across San Diego, California, which will add more emissions-free energy to the state’s electric grid. The systems will be designed, constructed and operated by EnerSmart Storage, a renewable energy company based in the county. The company has a portfolio of more than 40 battery storage systems that will make up 160 megawatts and about 330 megawatt-hours of battery storage electricity. This amount is enough to power more than 100,000 homes for a couple of hours. The company plans to construct 12 sites in total by the project’s completion,…

TuesdayJan 04, 2022 2:36 pm

Natixis Predicts $1,630 Price Range for Gold in 2022

Natixis analysts expect tighter monetary policies in the United States and the normalization of the global economy next year to impact silver and gold prices. Bernard Dahdah, a precious metals analyst at the French Bank, stated in an interview that while he wasn’t expecting a total collapse in gold in 2022, he did expect the price of the metal to decline to the levels recorded prior to the pandemic. The French Bank’s 2022 precious metals forecast shows the price of gold averaging at about $1630 per ounce. With regard to silver, Natixis isn’t optimistic either. Dahdah stated that the price…

ThursdayDec 30, 2021 3:45 pm

University of Sydney Researchers Design New Long-Range Wi-Fi System for Underground Mines

Telecommunication researchers at the University of Sydney have designed an industrial long-range Wi-Fi system that maintains high data rates while transmitting signals to places that are difficult to reach. This is unlike existing systems, which have high-latency, short-communication ranges of less than 100 meters and are primarily designed for indoor applications. These features make them unsuitable for critical applications. The system is being developed for crucial applications in underground mines, which require control of sensitive equipment and remote-worker monitoring, with signals that extend a few kilometers underground. The developers assert that the system could also be utilized in university campuses,…

ThursdayDec 30, 2021 10:24 am

Why Energy Storage Systems Are Urgently Needed

As the adoption of clean energy grows, the need for new storage technologies that can do away with the issues that plague renewable energy, such as seasonal imbalances and short-term variability, also grows. Long-term energy storage technologies are the solution to these issues because they can store electricity for a significant amount of time. However, given that the full commercialization of these technologies may be achieved in the long term, the need for a current solution remains. This is where battery energy storage comes in, as the rechargeable technology can store electricity for a couple of hours, which makes a…

WednesdayDec 29, 2021 12:25 pm

WGC Report Shows Gold’s Investment Appeal Growing

A new report by the World Gold Council (“WGC”) highlights that investors have begun to shift towards assets that are less liquid than conventional investments to improve portfolio performance. The council states that investors are also getting involved in riskier investment alternatives seeking higher yields, even with fixed income investments making up a large chunk of their portfolios. The council believes that the investment appeal for gold will strengthen amid the shift to less liquid and riskier assets, given its usefulness as a highly liquid diversifier, which can decrease portfolio volatility. Anecdotal evidence from international conferences and investors, as well…

WednesdayDec 29, 2021 9:51 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Increasing Gold, Silver Mining Assets, as Investors Eye Precious Metals To Counter Inflation

StraightUp is expected to benefit from increased interest in precious metals as investors, traders, and savers rush into gold and silver markets to hedge against inflation, which has risen to its highest point since 1982 Economists expect that the strong inflation will continue driving buyers into gold and other precious metals StraightUp is acquiring various gold and silver mineral property assets in historically prolific regions of both North and South America The latest data released December 10 by the Bureau of Labor Statistics show the US inflation rate rose to 6.8%, its highest point since 1982, on the back of…

TuesdayDec 28, 2021 2:10 pm

Concerns Over Omicron Variant, Inflation Has Increased Gold’s Safe-Haven Appeal

Last week, the price of gold rose above the $1,800 level as rising inflation drove investors to safe-haven assets and worries over the new coronavirus variant increased. U.S. gold futures rose by .4% to reach $1,804 while spot gold rose by .2% to sell at about $1,802 per ounce. Equities also dropped, recoiling from a hawkish turn by international central banks focused on the economic risk that may be brought on by the increasing number of coronavirus cases and taming increasing price pressures. The omicron variant was identified in November and has added a new level of uncertainty for central…

TuesdayDec 28, 2021 9:00 am

StorEn Technologies Inc. Partnership Part of ‘New Era’ for Australia’s Battery Storage Industry

The project allows researchers to test and develop safety standards for vanadium flow batteries StorEn provided 30kWhr battery through partnership Multicom Resources Limited Industry expert reports that a switch to vanadium batteries and other renewables could save the Australian industry more than $1.6 billion a year StorEn Technologies, a developer of evolutionary vanadium flow batteries with a disruptive patent-pending, all-vanadium flow battery technology, is involved in a project that could save Australia more than $1 billion a year (https://ibn.fm/2idBg). A key player in the project, Shay Chalmers, recently wrote about the “exciting collaboration” that focused on converting to vanadium flow…

MondayDec 27, 2021 7:40 pm

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Signs Agreement with NSP to Develop Revolutionary Rare Earth Metal Technology

New tech has potential to reduce costs of production, energy consumption and greenhouse gas emissions MOU key step in building a new, environmentally friendly REE supply chain in the United States Two companies to create a new entity that will hold exclusive license to the technology as it specifically relates to REE metal making Energy Fuels (NYSE American: UUUU) (TSX: EFR) is partnering with Nanoscale Powders LLC (“NSP”) with plans to develop a novel technology for the production of rare earth elements (“REE”) metals (https://ibn.fm/FO5x2). In the announcement, Energy Fuels noted that the Nanoscale's patented rare earth metal-making technology has potential…

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