NewsRoom Articles - Page 78 of 159

WednesdayFeb 01, 2023 9:00 am

Flush With Cash, Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Intersects New Gold/Copper Zone

Arizona Metals owns two highly compelling properties in Arizona, the Kay Mine Project and Sugarloaf Peak The company had $58 million in cash at the end of Q3, enough to complete its ongoing Phase 2 drilling program, as well as a large Phase 3 program to continue building the resource at the Kay Mine Deposit, and explore around it for additional deposits The latest drill results provided more compelling data, including discovery of a new gold/copper zone and extension of known mineralization The U.S. mining industry produced $90.4 billion in non-fuel metals in 2021, with Arizona being the single-largest producer…

TuesdayJan 31, 2023 12:31 pm

What You Should Know About Adding Precious Metals to Your Investment Portfolio

The demand for precious metals has increased greatly these last few years. Precious metals such as silver and gold are great for introducing a bit of stability into your portfolio, particularly if you’re keen on diversifying it. While traditional currencies tend to fluctuate in value over time, especially during times of economic upheaval when their purchasing power can reduce drastically, precious metals tend to maintain their value. This means that adding some gold or silver to your portfolio can allow you to retain your purchasing power, even as economic inflation reduces the utility of fiat currencies such as the U.S.…

TuesdayJan 31, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Is ‘One to Watch’

Ucore currently owns REE mining projects and advanced separation technology Commercial demonstration of the company’s RapidSX(TM) technology is ongoing Ucore plans several modern REE refineries in North America, with the first SMC slated to begin construction in Louisiana in 2023. This planned REE separation and rare earth oxide production plant is scheduled to process 2,000 tons of total rare earth oxides by the end of 2024, increasing to 5,000 tons in 2026 Through its strategic partnerships with Kingston Process Metallurgy Inc., Mech-Chem Associates Inc. and other supporting contractors and vendors, Ucore is developing a North American REE supply chain Ucore…

MondayJan 30, 2023 11:17 am

BHP Enters Agreement to Explore for Copper in Serbia

BHP Group has entered into an agreement with Serbia involving the exploration for copper in the country. The Australian multinational mining, metals and natural gas petroleum public company is focused on expanding efforts to find new copper deposits because the metal will play a crucial role in the green revolution. BHP is bullish on copper’s outlook because the red metal’s use in grids, wind turbines and electric cars grows. With the demand for copper expected to surpass supply in the near-term, concerns about shortages in the long-term are growing. Last month, BHP also acquired OZ Minerals Ltd. for more than…

MondayJan 30, 2023 9:00 am

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Releases Exploration Update, 100%-Owned VMS Deposit Shows Significant Potential

AZMCF expanding the 100%-owned Kay Mine Projects in Arizona, surrounded by sixty historic underground VMS copper, gold, zinc, and silver mines Volcanogenic massive sulfide (“VMS”) deposits are critical global sources of copper, zinc, lead, gold, and silver ores Recent company update reveals progress on Kay Mine Project, including 33,000 meters of core drilling completed in 2022, drill permits received for Central and Western targets, and drilling initiated on targets outside deposit Company fully funded (cash of $58 million at Sept 30, 2022) to complete remaining 8,600 meters for Kay Mine Phase 2, as well as 76,000 meters for Phase 3…

FridayJan 27, 2023 10:40 am

Dollar Devaluation, Soaring US Debt May Trigger Precious Metals Boom

Traditionally, precious metals such as silver and gold have seen their values soar during times of economic upheaval because of their ability to retain their value. While other investments may depreciate during an economic downturn, precious metals tend to retain their value, allowing investors to retain the value of their holdings even as other commodities lose value. However, while you would expect that precious metals would have performed admirably in 2022 due to global economic stagnation, several other factors prevented this from happening. One key factor was the increased value of the U.S. dollar, which increased the opportunity cost of…

ThursdayJan 26, 2023 11:01 am

As Fed Pivot Nears, Gold Could Soar

The U.S. Federal Reserve has moved to increase the benchmark interest rate for several consecutive months in an effort to forestall escalating inflation. While the Fed’s efforts have been noble, the effect of these consistent interest rate hikes on gold prices has been immense. As benchmark interest rates rose and the dollar surged in value, gold saw its prices drop amid the increased opportunity cost of holding gold bullion and investor interest in asset classes that could allow them to take advantage of the higher interest rates. The result is that gold saw its prices slump for a significant portion…

WednesdayJan 25, 2023 11:50 am

Increasing Use of Renewable Energies May Dent Share of Natural Gas, Coal

Coal as well as natural gas have collectively made a significant percentage of the total energy used worldwide for decades. Natural gas made up about 32% of total energy use in America while coal accounted for around 11% in 2011, bringing the share of natural gas and coal to nearly 50%. Like oil, these resources are relatively abundant and easy to use, especially for electricity generation and home heating. But, as green-energy generation and use in the country picks up over the next couple of years, power generation from coal and natural gas-fired power plants may take a decent dent.…

WednesdayJan 25, 2023 9:00 am

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Set to Potentially Benefit as Renowned Gold Bug, Claude Bejet, Says Now is the Time to Invest in Precious Metals

Claude Bejet, a long-time precious metals investor and author of the Swiss Gold Letter, was interviewed on the sidelines of the recent Mines and Money Conference in London During his interview, Bejet commented on his optimism in regards to the precious metals complex as well as the considerable value held by junior mining companies Eloro Resources possesses a 100% option agreement on the Iska Iska deposit, a major polymetallic epithermal porphyry complex covering over 900 hectares of land The company is due to publish their initial assessment of Iska iska’s resource potential by March 2023, a process which Eloro are…

TuesdayJan 24, 2023 12:31 pm

Researchers May Have Found a Way to Store Energy Using Abandoned Mines

A team made up of researchers from all over the world has developed a new way to store energy by lowering sand into defunct underground mines. The novel technique, called Underground Gravity Energy Storage (UGES), presents an effective long-term solution to store energy that makes use of abandoned mining sites. The researchers stated that the technique could be used when the price of electricity was high. The approach involves transporting sand into underground mines and then converting the soil’s potential energy into electricity through regenerative braking. The researchers explained that when electricity was cheap, the soil could then be removed…

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