NewsRoom Articles - Page 85 of 165

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…

MondayJan 23, 2023 1:36 pm

Bill Gates Lauds Green Energy Industries in West Virginia

West Virginia is poised to play a major role in green energy after the state lifted a ban on the construction of nuclear power plants last February. As America and the world at large go through one of the most debilitating energy crunches in recent history, states such as West Virginia will allow the nation to make its energy mix greener while reducing reliance on imported energy from countries such as Russia. During a recent visit to West Virginia, Bill Gates noted that the state had a “unique opportunity” to build on its history of energy production and take the…

MondayJan 23, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Is ‘One to Watch’

McEwen Mining is an asset rich gold and silver producer with large exposure to copper McEwen Mining CEO Rob McEwen maintains a 17.3% ownership stake in McEwen Mining with a cost base of roughly $220 million McEwen Copper’s Los Azules project is one of the world’s largest and most economically robust underdeveloped copper projects A proposed IPO of McEwen Copper, with its implied market cap of $258 million, could effectively turbocharge the balance sheet of McEwen Mining McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas and has a large exposure…

FridayJan 20, 2023 11:15 am

EU Nations Delay Coal Exit as Energy Shortage Deepens

Before 2022, several European countries were planning on scaling down their consumption of coal as part of a global initiative to cut down carbon emissions by investing in cleaner energy. Coal may have played a significant role in human industrialization, but it is also a prolific emitter of carbon dioxide, producing more carbon than all other sources and contributing to a significant portion of air pollution. However, Europe’s plans to phase coal out from its energy mix came to a screeching halt when the Russian army invaded Ukraine in February 2022. As several EU nations criticized the Kremlin’s move to…

ThursdayJan 19, 2023 12:12 pm

Russia Saw 70% Increase in Fertilizer Revenue Following Price Hikes

Shortly after Russia invaded Ukraine, its fertilizer export revenue surged despite a decrease in sales volumes. During the first 10 months of last year, fertilizer exports from Russia soared by 70% to reach $16.7 billion. This is quite an increase, especially when compared to revenue generated in the same period in 2021. Data from an analysis done by the UN Food and Agriculture Organization shows that Russia’s overseas sales dropped by 10% from the same period in 2021. This is mild in comparison to analysts’ predictions that shipments would decline significantly because of the war. While Western sanctions have been…

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