NewsRoom Articles - Page 86 of 194

WednesdayOct 04, 2023 3:57 pm

Coal Makes Quiet Comeback Amid Clean-Energy Push

Coal-generated energy is making a quiet comeback in many countries even though the global community has pledged to move away from coal to cleaner alternatives such as solar and wind. The fossil fuel was undeniably responsible for powering humanity through the industrial era, but it also played a significant role in heating up the atmosphere and contributing to climate change. With many countries across the globe already dealing with extreme weather events due to climate change, transitioning from dirty fossil fuels such as coal is crucial to cutting carbon emissions and mitigating climate change. In addition, large banks such as…

TuesdayOct 03, 2023 2:06 pm

Gold Rush at Costco as Retailer Puts Gold Bars on Sale

American retailer and warehousing giant Costco is currently experiencing a major gold run after it began offering gold bars for sale at discounted prices. Costco recently added gold bars from PAMP Suisse and Rand Refinery to its list of discounted products, limiting purchases to only two per member. Prices for the gold bars vary depending on the location, with Costco listing the gold bars at around $1,985.20 per ounce in Canada and $1,979 in the United States. In spite of the relatively high prices and limits on purchases, Costco reports that the gold bars are flying off the shelves. During…

TuesdayOct 03, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Celebrates Tax-based Advantages in Rare Earth Processing Strategy

Rare earth supply chain innovator Ucore Rare Metals Inc. is working to strategically develop a North American-based supply chain for rare earth elements (“REEs”) that are vital to technologies ranging from smartphone to F-16 fighter jet parts China currently has a near-monopoly on REE refining and production, and international tech trade tensions in recent years have pushed Western nations to seek ways to revive their own REE industries Ucore has developed a proprietary RapidSX(TM) REE separation technology platform for refining rare earths, beginning with a strategic facility in development in Louisiana The company is celebrating announcement this month that it…

TuesdayOct 03, 2023 9:00 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Publishes NI43101-compliant Mineral Resource Estimate; Forecasts Mineral Value of Approximately $6.8 Billion

Eloro Resources recently published its initial NI-43101 compliance mineral resource estimate (“MRE”) The company’s long-awaited MRE revealed the existence of total inferred mineral resources amounting to 670 million tonnes – equivalent to nearly $6.8 billion in value Whilst impressive, Eloro’s management has revealed that the company has more exploratory drilling work to continue towards the site’s western edge, with further mineral resource estimate enhancement remaining likely Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mining company focused on developing its potential world-class Iska Iska silver-tin polymetallic property located in the Potosi Department in southern Bolivia, recently updated…

MondayOct 02, 2023 12:10 pm

Battery Producers Feel Pressure in Securing Graphite Supplies

Electric vehicle manufacturers will play a key role in global efforts to cut carbon emissions and fight climate change. With around one-fifth of global carbon dioxide coming from the transport segment, replacing traditional gasoline and diesel-powered cars with cleaner alternatives will go a long way toward curbing global emissions. As such, battery electric vehicles (BEV) are poised to replace fossil fuel cars on the world’s roads, and automakers are investing billions into electrifying their lineups to keep in line with national and global climate change efforts. To keep in line with increasing EV demand and production in an increasingly competitive…

MondayOct 02, 2023 11:15 am

Meeting Phase 2 KPIs, Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Emerging as a Model for Sustainable Growth in the Oil & Gas Industry

Prospera in 2021 launched a new strategy to improve margins and oil and gas production while minimizing environmental impact Horizontal well-technology allows for increase in production and Prospera has now abandoned 60 vertical wells as part of its three-year LMRP to reclaim surface land and reduce environmental footprint that will see 200+ vertical wells abandoned Prospera this month completed the drilling of four horizontal wells of a ten-well multi-pad infill drill program that can add an additional ~750 bpd at a low decline to Prospera’s current 900+boepd With more than 42,000 cumulative acres across Cuthbert, Luseland and Heart Hills in…

MondayOct 02, 2023 10:30 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Looks to Secure Property Rights at Zigzag Lithium Project Site; Announces Start of Drill Work at Ruby Graphite Mine

With EV sales skyrocketing around the world, securing lithium and natural graphite supplies has become a priority for battery manufacturers Reflex Advanced Materials has centered its efforts around catering to the lithium and graphite supply chains, with the company announcing that it had fulfilled the penultimate capital payment step needed to secure 100% ownership of its Ontario-based Zigzag lithium project The company also took the opportunity to announce the start of core exploratory drill work within the Montana-based Ruby Graphite project As auto sales staged a significant recovery in the United Kingdom this summer, electric vehicles led the surge. The…

FridaySep 29, 2023 3:20 pm

How Vietnam Plans to Cut into China’s Hold on Rare Earths Supply Chain

Vietnam is poised to become a major competitor to China in the critical metals supply chain and could potentially threaten China’s stranglehold on the global rare earth industry. Vietnamese leaders are planning to restart the Đông Pao mine, a massive rare earth mine in Northern Vietnam. Đông Pao is among the largest rare earth mines in the country, and it has attracted significant interest from Western backers looking for alternative rare earth metal suppliers. With financial backing from Western investors, Vietnam is looking to relaunch the mine in a project with the potential to threaten China’s overwhelming dominance in the…

FridaySep 29, 2023 10:30 am

GEMXX Corp. (GEMZ) Plans 300% YoY Expansion in Gemstone and Jewelry Production to Meet Growing Demand

GEMXX is a mine-to-market enterprise that specializes in the production and distribution of gemstones, like Ammolite, and jewelry on a global scale Ammolite is a rare gemstone that exhibits a unique iridescence and is only found in southern Alberta, Canada The company recently announced that demand for its Ammolite in jewelry designs by Kenneth Bradley is growing exponentially GEMXX plans to expand gemstone and jewelry production by 300% year over year in response to growing demand Its shopping channel division is preparing to supply $5.5 million worth of Ammolite gemstones and jewelry over the next 12 months Although officially recognized…

ThursdaySep 28, 2023 2:41 pm

US Admits It Can’t Remove China from Supply Chain of Critical Metals

A top official in the Biden administration has revealed that the United States cannot eliminate China from its critical metals supply chain. With the U.S. keen on cutting its carbon emissions by transitioning to zero-emission electric vehicles, the country needs massive amounts of critical metals to build electric vehicle batteries, stationary power storage and renewable energy infrastructure such as solar panels. Critical minerals are also key to the development of everything from consumer electronics to defense systems, making these minerals critical to America’s economy and national security. However, China plays a key role in the global critical metals supply chain…

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