NewsRoom Articles - Page 82 of 127

FridayOct 29, 2021 12:00 pm

Former Goldcorp Executives Expect Dramatic Gold Price Rally

Pandemic aftershocks have stressed supply chains, which has led to the surge in the price of various commodities, including natural gas and aluminum, with some believing that gold may soon experience a rally as well. Rob McEwen and David Garofalo, former Goldcorp Inc. chiefs, expect investors to realize soon that international inflationary pressures are more intense and less transitory than consumer price indexes and central bankers suggest. Once investors do so, Garofalo expects that the inflation-protection appeal of gold will cause the precious metal’s price to move from its current $1,800 per ounce price to about $3,000 per ounce. In…

ThursdayOct 28, 2021 12:45 pm

IAEA Makes Case for Nuclear Energy

In a recently released report, the director general of the International Atomic Energy Agency, Rafael Mariano Grossi, made a case for the deployment of nuclear energy to allow for coal to be phased out. The agency plans to argue nuclear’s case during the UN Climate Change Conference, which will take place next month. In the report’s introduction, Grossi stated that nuclear had to have a seat at the table at any given time when climate and energy policies were being discussed. Grossi noted that an unwillingness to embrace the use of nuclear energy could cause virtually no growth in capacity…

WednesdayOct 27, 2021 2:45 pm

Huawei Lands Major Energy-Storage Contract in Saudi Arabia

Last week, Huawei entered into a contract with SEPCOIII for an energy-storage project. SEPCOIII is a power plant operator and a construction and engineering companys that operates in China. The battery-energy storage project, which has been dubbed the Red Sea Project, is considered to be a major project in Saudi Arabia’s vision 2030 initiative. The project has SEPCOIII handling EPC services and playing the role of general contractor. It was developed by ACWA Power. The country’s 2030 initiative features a smart city that will be known as Neom and will be situated on the coast of the Red Sea, in…

WednesdayOct 27, 2021 9:00 am

StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Acquires Bear Head Gold Project Along Meen-Dempster Greenstone Belt; Property Offers Promising Drilling History

StraightUp has incorporated Bear Head Gold Project into its cache of properties, which already include RLX North & South Projects, Belanger Project, and the Ferdinand Gold Project The Meen-Dempster Greenstone Belt produced the Golden Patricia, a lucrative mine with rich drilling history Bear Head Gold Project historical drilling in 1989 yielded 11.09 g/t Au over 1.79m, 3.98 g/t Au over 2.3m, and 3.08 g/t Au over 2.5m, associated with iron formation and silicified mafic volcanos Acquisition of West Cat Mine in the state of Nevada and offers the company expansion opportunities into new areas of exploration Canada-based mineral exploration and…

TuesdayOct 26, 2021 2:00 pm

Scientists Suggest More Eco-Friendly Gold Extraction Process

Scientists from the Aalto University in Finland recently published a study in which they describe a new, nontoxic and scalable way to extract gold from metal ore. Their study was published in the “Chemical Engineering” journal. This new method uses chloride, which is one of a major pair of elements in table salt. It involves the leaching and recovery of the yellow metal. Leaching refers to the process that is commonly used to extract metals by treating a metal’s ore with chemicals that convert the metals into soluble salts. The impurities from the ore usually remain insoluble during this process.…

MondayOct 25, 2021 11:30 am

Uranium Exchange-Traded Funds Enjoying Price Rally

Last week, the Global X Uranium ETF and the NorthShore Global Uranium Mining ETF stocks increased by 11.6% and 13.5% respectively, delivering new gains to investors. The rally for these exchange-traded funds focused on uranium occurred after investors injected more than $1 billion into the funds earlier in the year as many expected a resurgence in the demand for nuclear power. The surge puts an end to October’s unsteady start for both exchange-traded funds, which had been impacted by the increasing prices of fossil fuels. The growing interest in nuclear power has been facilitated by the worsening power shortages, the…

FridayOct 22, 2021 1:30 pm

Sodium-Ion Battery Systems Could Free Up Lithium for EVs

Since 2013, we’ve seen a significant growth in the use of li-ion batteries in the stationary storage market, and lithium-based technologies make up more than one-half of all installations annually. The main factors that have allowed the metal to dominate the storage market include its flexible performance, wide availability and low cost. Other technologies that have tried to compete with the metal have found it hard to match these factors. This comes at a time when the search for alternatives in the electric vehicle (“EV”) world is at its highest and driven by similar motivations, including fewer and safer constrained…

FridayOct 22, 2021 12:51 pm

Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Set to Partake in the Predicted Commodity Supercycle

An estimated $173 trillion in energy supply and infrastructure investment is needed over the next 3 decades to facilitate the transition towards electric vehicles and renewable energy sources The energy transition is set to drive the next commodity supercycle; however, commodity supply growth has thus far been slow to catch up to rampant demand Only a single, dedicated silver mine commenced production in 2019, the last uninterrupted production year prior to the onset of the pandemic Through its diversified resource base and robust production profile, Excellon Resources has positioned itself well within the metal markets The ongoing, era-defining shift from…

ThursdayOct 21, 2021 11:46 am

StraightUp Resources Inc. (CSE: ST) Gold Exploration Expansion Rides Wave of Inflationary Concerns

Market analysts and investors are preparing for inflation to reach high levels as a result of COVID-19 pressures, although key financial policy managers expect inflation pressures to be temporary Analysts are also observing the 50th anniversary of the end of the gold standard in the United States with reports that offer mixed views on gold’s ability to hedge against inflation in the short term, but its proven success for long-term prospects Amid the uncertainty in preparing for the coming years’ economic trends, mineral property acquisition company StraightUp Resources is building asset classes such as gold in high-value regions The company…

ThursdayOct 21, 2021 11:45 am

Sen. Cruz Introduces Legislation Targeting Illicit Mining, Trading of Precious Metals

Last week, Senators Marco Rubio, Thom Tillis and Ted Cruz introduced a bill to suspend illegal mining and trafficking of gold and other precious metals, which are often used to finance rogue regimes and terrorist groups. This legislation empowers the United States to take action against entities that are complicit in not only extracting these resources but also selling them illegally. Cruz, who is a member of the Senate Foreign Relations Committee, first introduced this legislation in 2019, but it did not advance. Last month, the senator joined a bipartisan measure that draws attention to the increase in the illegal…

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