NewsRoom Articles - Page 81 of 212

MondayJun 24, 2024 10:00 am

Gold Price Registers Uptick as Softer American Data Raises Rate Cut Possibility

Recently released economic data from the United States indicates that consumer spending may be constrained at the moment. This comes after the U.S. Department of Commerce released a report showing that last month’s retail sales improved in comparison to data from April. The report has facilitated an increase in the price of gold and led many to speculate that the Fed may soon reduce interest rates, after it stated in the last meeting that the present monetary policy was appropriate. During this period, the U.S. dollar index dropped by .05% to 105.27. Additional data also showed improved industrial production last…

FridayJun 21, 2024 12:45 pm

Mining Journal Select 2024 In London, Presenting the Latest List of Exceptional Investment Opportunities

Mining companies, investors, and analysts, are invited to attend the Mining Journal Select 2024 Conference in London, July 1-2, 2024. At Mining Journal Select, the team creates a curated list of mining companies and entities with rated development projects. They identify 24 different metrics and create a weighted index across 13 key metrics to arrive at a list of top development projects across the globe. This is an Aspermont mining event series, conducted in partnership with Rule Investment Media. The event is excited to welcome resources investment legend, Rick Rule, President & CEO, Rule Investment Media as a partner. Aspermont,…

FridayJun 21, 2024 12:00 pm

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Update on Major Holdings, Operations Amid Rising Demand for Gold and Copper

The company has released a fact sheet outlining progress on its high-grade copper and gold deposits in the state of Virginia and in Nunavut, Canada U.S Global Investors reports that gold and copper are “pivotal players” in the global financial market With rising demand as the backdrop, the progress that Aston Bay is reporting at its Canadian and U.S. projects is particularly promising With gold and copper trending upward, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company, is strengthening its position in both sectors. The company recently released a fact sheet (https://ibn.fm/IKzqR), titled “Discovering High-Grade…

FridayJun 21, 2024 10:00 am

Record Prices Could Prevent US Copper Scrap Being Shipped to China

Copper concentrate is usually processed into refined metal for use in the construction and power industries. The People’s Republic of China is the largest buyer of raw materials such as scrap and concentrates, and is also home to about half of copper smelters globally. Since 2023, copper smelters in China have been grappling with concentrate shortages after First Quantum forfeited the right to operate its Cobre mine. In 2022, the output of this mine, valued at $10 billion, made up 1% of global mined copper supply. Reducing production at other mines, most of which are in Latin America, has only…

FridayJun 21, 2024 9:45 am

Historic Nickel Project Shows New Promise: Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Discovers High-Grade Mineralization

The International Energy Agency forecasts nickel demand to nearly double by 2050 due EV deployment Fathom Nickel is developing two high-grade nickel projects in Canada’s prolific Trans Hudson Corridor, with recent results from Gochager Lake providing evidence of widespread mineralization Fathom has yet to find the source of the semi-massive to massive sulphide veins at Gochager Lake, a project that Quinton Hennigh of Crescat Capital has the potential to be an economical underground mine Geologists have a fascinating way of speaking. They use terms like “gabbro” and “interstitial disseminated magmatic pyrrhotite” to describe rocks, and their discussions can delve into…

FridayJun 21, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) Advances Expanded EV Metal Project in Ontario with Land Acquisition and Impact Studies

Ontario, Canada-based Tartisan Nickel Corp. is developing a number of mining exploration projects that will provide resources for the electric vehicle and hybrid automobile battery market Tartisan recently announced the acquisition of additional land to increase the size of its flagship project in Ontario’s Kenora Mining Division to 4,273 hectares (more than 10,500 acres) Tartisan owns two other exploration projects in Ontario and one in central Peru The company is dedicated to responsible social and environmental stewardship as nickel mining’s chain of custody comes under a growing degree of public and investor scrutiny In spite of the challenges that naturally…

TuesdayJun 18, 2024 9:45 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Announces High-Grade Mineralization at Historic Gochager Lake Deposit

FNICF’s recent drill program at Gochager Lake deposit showed significant high-grade mineralization Historical exploration at Gochager Lake in the 1960s set the stage for modern drilling, revealing high-grade nickel, copper, and cobalt mineralization FNICF completed 16 drill holes totaling 5,543 meters, defining a mineralized gabbro unit over 300 meters along a strike and exceeding 400 meters vertically FNICF also operates Albert Lake project, former site of the Rottenstone Mine Exploration activity at Albert Lake shows promising mineralization, part of a larger magmatic nickel system Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), a Canadian natural resource development and exploration company…

TuesdayJun 18, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Targets Rapid Global Growth in Nickel Demand

Tartisan Nickel Corp., a Canadian mineral and battery materials exploration and mining development company, is positioning itself to take advantage of the rapidly growing global demand for nickel This growth is primarily driven by continually developing needs in energy storage and EV applications and many low-carbon technologies Canada is currently ranked sixth in the world nickel mine production at 143,000 tons, and Tartisan expects to add to this through its flagship Kenbridge Nickel Project in Ontario The International Energy Agency projects that by 2040, the demand for nickel will increase by 40 times. This growth will be fueled by a…

MondayJun 17, 2024 10:00 am

Copper Producers Start Paying Attention to ‘Urban Mining’

For years now, manufacturers have been recycling and reusing copper. The International Copper Association estimates that roughly two-thirds of all the copper produced over the last century is still in use. The metal has been used in home appliances and electrical systems, among other applications. With experts forecasting that the need for the red metal will almost double come 2035, the need to increase these efforts is growing. Experts expect that the increased demand for the metal will be partly driven by the shift to renewable energy use, with some adding that the manufacture of cell phones as well as…

MondayJun 17, 2024 9:45 am

The Engine room of Canada’s Copper Rush: Torr Metals Inc.’s (TSX.V: TMET) Role in BC’s South–Central’s Landscape

Hudbay Minerals paying $439 million in June 2023 for 75% stake in Copper Mountain Mine exemplifies potential for Canada’s emerging “Copper Highway” Torr Metals recently expanded its land package at its Kolos Copper-Gold project in the heart of the region by 75% to 240-square kilometers Historical rock grab samples at Kolos have yielded high grades, such as 4.24 g/t Au, 0.52% Cu, and 11.3 g/t Ag, yields that company hopes will be further validated soon with the arrival of a spate of samples and survey data Canada's mining industry is booming and gaining steam, fueled by an increased focus on…

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