NewsRoom Articles - Page 84 of 165

MondayFeb 06, 2023 12:00 pm

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Successful Capital Raising; Net Proceeds Will Be Destined Towards Ongoing Bolivian Mining Operations

Eloro Resources announced the successful completion of its primary share issuance in late January, 2023 The placement, which comprised of over 3.4 million primary shares issued at a price of c$3.15, raised gross proceeds of approximately C$10.9mn The proceeds will be destined to Eloro’s ongoing Bolivian mining operations as well as general corporate purposes Eloro Resources is set to disclose its initial resource estimates for its flagship Iska Iska Project in coming months Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec,…

MondayFeb 06, 2023 11:19 am

Renewables Look Increasingly Attractive As Coal Plant Costs Remain High

As America looks to adopt green-energy sources into its energy mix over the next few decades, most of the benefits of this move have been described as environmental. After all, cutting out polluting sources of energy such as coal and oil would clean up our air and keep water bodies clean and fresh for human consumption. Furthermore, a long-term and sustained green-energy drive could halt global warming and even undo some of the damage caused by burning dirty fossil fuels for centuries. With these goals in mind, the United States is planning on investing billions of dollars into researching, developing…

FridayFeb 03, 2023 11:03 am

Norway Discovers Huge Mineral Deposits On Seabed

Norwegian authorities revealed last week the discovery of “substantial” amounts of mineral deposits on its continental shelf seabed. Officials announced that a study had discovered the presence of significant metal and mineral deposits ranging from rare earths to copper along the seabed on its extended continental shelf. Led by the Norwegian Petroleum Directorate (NPD), the study unearthed the presence of niobium, cobalt, magnesium and rare earth metals that are documented on the European Commission’s critical minerals list. Norway is one of the largest oil and gas exporters in the world, with the Nordic country planning to export an estimated 122…

FridayFeb 03, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) – Los Azules Project Could Be World’s Next Copper Unicorn

Both gold and copper have seen significant increases in market value in recent months, and copper is forecast to be one of the best-performing of all commodities in 2023, based upon increased demand and projected shortages McEwen Mining is a majority shareholder of McEwen Copper, which owns the Los Azules copper deposit in Argentina, one of the largest undeveloped copper projects in the world McEwen Copper plans to update its PEA (preliminary economic assessment) during Q1 2023, follow with IPO during Q2, and complete the Feasibility Study in 2024 Historically, gold has been a staple in investment portfolios due to…

ThursdayFeb 02, 2023 12:37 pm

Four Compelling Reasons to Invest in Precious Metals

Investing in precious metals can seem like a pointless endeavor as gold and silver don’t generate interest and will not grow investments in any way. This is contrary to other asset classes that generate interest and dividends, allowing investors to steadily grow their investments and earn a passive income. Such asset classes can be quite lucrative for investors, especially as the U.S. Federal Reserve has raised benchmark interest rates for several consecutive months and increased the potential earnings investors could earn from certain holdings. So why would an investor who is new to the precious metals market invest their hard-earned…

WednesdayFeb 01, 2023 12:27 pm

UK Grid Operator Asks Coal Plants to Stand Down Hours After ‘Warm-Up’ Request

National Grid instructed coal-fired power plants to stand down hours after issuing them an order to “warm up” last week. The United Kingdom grid operator had asked one unit at West Burton, Nottinghamshire, and two in Drax, Yorkshire, to do so before midnight on Wednesday night. The Electricity Supply Operator (ESO) asked the West Burton unit to stand down on Thursday morning before informing the two coal units in Drax later that they also would not be firing up. These three coal-fired power plants were placed on standby to produce additional power amid an energy crunch that has significantly increased…

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…

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