NewsRoom Articles - Page 87 of 174

TuesdayMar 28, 2023 1:18 pm

Nuclear Industry Calls on EU to Gain Prominence in Net-Zero Push

Solar and wind power are poised to play an integral role in efforts to decarbonize the global economy. With dozens of countries pledging to move away from dirty sources of energy such as coal to reduce their greenhouse gas emissions, solar and wind power are expected to act as alternative suppliers of green, renewable energy. Governments across the world are now investing billions of dollars to build up wind and solar power generation infrastructure and are expected to ramp up their investments ahead of the 2050 net-zero emissions goal. However, one power source that seems to be left out of…

TuesdayMar 28, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Completes Successful First Stage of Proprietary REE Process at Canadian Demo Plant

Ucore Rare Metals Inc. is a Canada-headquartered company passionate about strengthening North America’s rare earth element (“REE”) supply chain to reduce reliance on potentially adversarial foreign nations Rare earths play small but critical roles in high-tech products, such as in making up permanent magnets that are resistant to heat from high capacity electronic products Only one mine in California provides a domestic supply of REEs to the United States, which has netted it strategic financial support from the Pentagon Ucore recently completed the first stage of demonstrating its proprietary RapidSX(TM) solvent extraction process for improving REE production, inviting dozens of…

MondayMar 27, 2023 1:09 pm

Canada Wants to Dethrone China as Top Rare Earths Producer

Over the past few decades, China has steadily monopolized the global rare earth element industry. It controls roughly 90% of global rare earth element production, refining around 85% of the world’s cobalt and producing nearly 100% of global graphite supplies. China is also responsible for 100% of the global production of high-temperature magnets, which are critical in developing weapons systems. Several developed nations are keen on breaking China’s monopoly of the rare earth element segment. Canada, which has one of the largest deposits of rare earth elements on the planet, is looking to position itself as a major competitor to…

FridayMar 24, 2023 1:03 pm

EU Categorizes Nickel, Copper as Critical Minerals

The European Union (EU) has added copper and nickel to its list of critical minerals at a time when both metals are facing significant shortages. Critical or strategic minerals are either nonmetallic or metallic elements that play a significant role in the function of modern technology, national security or economies, and that face an inherent risk of supply chain disruption. Copper is crucial in the development of renewable energy technologies and electric cars while nickel is a major raw ingredient in electric vehicle batteries. As the world strives to move away from dirty energy sources such as oil and coal…

ThursdayMar 23, 2023 2:04 pm

Morgan Stanley Report Forecasts Renewable Energy Will Replace Coal by 2033

A report by Morgan Stanley published last month predicts that by 2033, coal-fired power plants will be replaced by renewable energy. The American multinational investment management and financial services firm helps mobilize capital to help corporations, governments, institutions and individuals around the globe achieve their financial goals. The article states that renewable energy such as wind and solar power will provide almost 40% of electricity in America by 2030. This is expected to increase to 55% by 2035. Last year, coal-fired plants supplied roughly 20% of electricity in the United States. The Energy Information Administration expects that this will rise…

ThursdayMar 23, 2023 9:45 am

McEwen Mining Inc.’s (NYSE: MUX) (TSX: MUX) 52%-Owned McEwen Copper Releases ‘Exciting Results’ from Los Azules Copper Project Revealing Continuity of Mineralization

McEwen Mining, a diversified gold and silver producer with operations in the Americas, owns 52% of McEwen Copper and its Los Azules Project in San Juan, Argentina McEwen Copper has reported initial exploration and solid delineation results that have similarities to world class porphyry copper deposits in Chile and Peru Exploration results (AZ22174) include 1,052 m of continuous copper mineralization to the end of the hole implying extensions of the deposit to the north and at depth Delineation results (AZ23191) revealed copper continuity in the core of the deposit, with some of the highest grades reported to date McEwen Copper…

ThursdayMar 23, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) – Leveraging Strategic Partnerships and Advanced Processing Technology to Disrupt China’s Dominance in Critical REE Space

Ucore is a company engaged in the exploration for and separation and scalable production of REEs in Canada and the US The company is focusing on a section of the REE supply chain where China has taken control of rare earth oxide production: the midstream Ucore is focused on finding US-allied friendly feedstocks upstream, processing them, and then feeding them to customers downstream that want to find an ex-China solution to be able to make things work for them The company’s RapidSX is a more competitive REE processing technology that improves the efficiency of the conventional solvent extraction process, resulting…

WednesdayMar 22, 2023 2:10 pm

Mining Interest in Fertilizer Production Increases

Anglo American recently announced its revival plans for the former Sirius Minerals mine. This comes as more miners turn to the growing fertilizer market. The global fertilizer market is still being rehabilitated a year after Ukraine was invaded by Russia. The primary reasons for this are the fact that Belarus and Russia are huge fertilizer exporters and that increasing gas prices have affected ammonium nitrate and urea prices, which are key fertilizer inputs. For instance, the price for potash shot up from about $250 per ton at the start of 2022 to almost $1,200 per ton by the end of…

WednesdayMar 22, 2023 9:45 am

121 Mining Investment is in Las Vegas To Offer Two Days of Investment Meetings and Exceptional Market Analysis

121 Mining Investment Las Vegas (28-29 March) offers junior resource companies and investors from the mining spectrum a unique platform to connect and network for future growth and key business prospects. The CEOs from 55 vetted natural resource companies are heading to bustling Las Vegas to present project updates and meet over 150 investors for two days of 1-2-1 meetings. These meetings will run alongside a content-packed conference schedule, covering topics such as the energy transition, the gold outlook, precious metals investment strategies, uranium, and the impacts of megatrends on metals and mining investing. Qualified investors are able to attend…

TuesdayMar 21, 2023 1:52 pm

Analysts Warn That China’s Coal Surge Is Jeopardizing Global Climate Goals

Several countries have pledged to cut down and ultimately stop their use of coal in energy generation amid global efforts to reduce greenhouse carbon emissions and halt climate change. The need for cleaner power generation means, such as solar and wind, has grown even greater in recent years as climate change has caused extreme weather events across the world such as wildfires and extreme cold. However, China has spent the last few months accelerating plans to build new coal-fired power plants. In the last half of 2022, China grew its coal project pipeline by a whopping 50% to bring its…

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