- 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
Archives: MiningNewsWire
MiningNewsBreaks – Society of Economic Geologists Provides Overview of Saxony’s Mining History, an Area of Focus for Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2)
The Society of Economic Geologists (“SEG”) Student Chapter from the Freiberg’s University of Mining & Technology, one of the world’s oldest and most traditional mining-focused universities, recently carried out an overview of Germany’s Freiberg and the re-emergence of mining exploration within the area. Located within the Saxony region, the town of Freiberg has a long and storied mining history dating back to 1168 AD, when the first silver ore was found in the surrounding areas to the town. By the 16th Century, mining in the Erzebirge, or ‘Ore’ Mountains, had turned Saxony into one of Europe’s wealthiest kingdoms.
Today, nearly 1,250 miles of mine tunnels zigzag through the hard stone beneath the town of Freiberg and surrounding areas. Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) has multiple exploration licenses related to the 34,150-hectare Silver City Project in Saxony, Germany. Boasting a mining history which ran nearly continuously from the 11th to late-19th century, initial drilling results carried out by the company confirmed the presence of a high-grade, district-scale epithermal silver system running throughout the project site.
To view the full video segment, visit https://ibn.fm/L7G4s
About Excellon Resources Inc.
Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) is a silver and base metals producer with precious metal exploration and development projects in Mexico, Idaho and Germany. The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality advanced exploration gold project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. For more information, visit the company’s website at www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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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…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Enters ROE with Premier Silver Corp.
StraightUp Resources (CSE: ST) (OTCQB: STUPF) today announced its entry into a right of exclusivity agreement (“ROE”) with Premier Silver Corp. (“Premier” or “PSC”). According to the update, the ROE provides that StraightUp and Premier will exclusively negotiate an agreement for a period of 60 days, whereby StraightUp will acquire all of the outstanding shares of Premier from the current shareholders. Premier was formed by a group with a combined 100-plus years of experience in the junior mining industry, raising in excess of $700 million in capital and creating more than $1 billion in shareholder value. PSC, in 2020, concluded commercial discussions with Buenaventura Mining Company Inc. (NYSE: BVN) and completed the acquisition of one of the largest silver mining land packages in Peru with over US$120 million in capitalised expenditures: the Mallay Mine & Processing Plant and associated exploration and development assets. “Mallay has been developed, capitalised and permitted by a multibillion-dollar, globally recognised mining company in Buenaventura (NYSE: BVN), a company that adheres to the highest of industry standards. The opportunity to acquire such an asset that provides this level of depth in optionality, as the market begins to aggressively search for projects quick to cash flow with district scale mineral discoveries in a recognised silver district, puts Premier Silver in a unique position to provide the market leveraged exposure to the silver industry. This demand has been demonstrated in Premier Silver raising in excess of $10 million in private funding to date,” said Duncan Gordon, founder and chairman of Premier Silver Corp. “I look forward to continuing our discussions with StraightUp in progressing due diligence and potential corporate transactions.”
To view the full press release, visit https://ibn.fm/rX77c
About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada and the U.S. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and Ferdinand Gold Project, all located in the Red Lake Mining Division, as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. The company’s recently acquired West Cat Mine includes an unpatented mining claim on federal land, located in the historic Beatty Mountain Nevada Mining District/Nye County, Nevada, about 15 kilometers east of U.S. Route 95, approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
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MiningNewsBreaks – Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Announces High-Grade Mineralization Results at Platosa
Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) today announced results from underground drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported high-grade results from the 623, NE-1, NE-1S and Pierna mantos, with diamond drilling results from underground. According to the update, underground drilling continues to define and delineate mineralization to support mine planning, and follow-up drilling on vertical zone intersected in hole EX21UG690 is underway with assays pending. “Drilling at Platosa continues to define and extend high-grade mineralization ahead of production,” said VP of Exploration Jorge Ortega in the news release. “We continue to focus on infill drilling to support planning for upcoming and future production, as well as testing the recently discovered high-grade zone — the 817 zone — below manto 623. We have now drilled an additional 20 holes on the 817 zone with assays pending. This zone appears to have a vertical orientation and has the potential to open up a more vertical dimension to the deposit.”
To view the full press release, visit https://ibn.fm/IqTSJ
About Excellon Resources Inc.
Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality advanced exploration gold project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
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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 race to reduce carbon dioxide emissions and the decarbonization of various industries around the globe…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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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…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
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MiningNewsWire is part of the InvestorBrandNetwork.
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
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 has acquired options to four sites in the well-known greenstone belt surrounding Ontario’s Red Lake Mining District and in Nevada’s famed Bullfrog boom zone
MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters Joint Venture Agreement for Producing Tequila Gold Mine Project
Asia Broadband (OTC: AABB) today announced its entry into a definitive joint venture agreement to secure a 75% interest in the Tequila Gold Mine Project and 100% of the current and future gold production from the property. According to the update, the company came to terms with owner Juan Enrique Michel Arambula Y Socios for the 66.6792-hectare concession # 219165, La Guadalupe, located approximately 70 kilometers north of Guadalajara near the town San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. In addition, negotiations are ongoing to add concessions to the Tequila Project joint venture. The Tequila property is currently producing gold, silver and base metals from its 25 ton-per-day processing facility, and efforts are underway to significantly increase daily production capacity with a mill facilities expansion installation in the first quarter of 2022. AABB will continue the previous exploration and drilling program, done by a Canadian mining company, that revealed multiple high-grade potential gold and silver mineralization veins. The additional development work on the property will facilitate completion of a professional geological resource assessment report as well as further define the scope of the joint venture’s capital budget.
To view the full press release, visit https://ibn.fm/CSrlh
About Asia Broadband Inc.
Asia Broadband is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive value for shareholders. The company has recently released its freshly minted mine-to-token, gold-backed cryptocurrency AABB Gold token (“AABBG”) and strives to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. For more information, visit www.AsiaBroadbandInc.com and www.AABBGoldToken.com.
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
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Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
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MiningNewsWire is part of the InvestorBrandNetwork.
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…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
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MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) Acquires Historically Productive Mine in Nevada’s Bullfrog Boom Zone
StraightUp Resources (CSE: ST), a Canada-based mineral exploration and mining property acquisition company, recently announced the acquisition of the West Cat Mine. With this move, the company adds the historically productive mine located within the renowned Bullfrog boom zone of southwestern Nevada to its Ontario greenstone belt options. “Barrick Bullfrog Inc. produced about 2.3 million ounces of gold and more than 3 million ounces of silver during the 1990s from its property in the Bullfrog boom zone near Beatty, Nevada…. The area has generated new excitement among explorers in recent months, as demonstrated by South Africa-based gold miner AngloGold Ashanti’s definitive agreement for about US$370 million to acquire its remaining stake in Canadian firm Corvus Gold, which owns the North Bullfrog and Mother Lode projects as well as other exploration assets in Nevada,” reads a recent article. “According to StraightUp, the West Cat Mine has reportedly produced some very rich gold ore from quartz veins high in base metals within fault zones and shears that also cut dolomite limestones and metamorphic schists.”
To view the full article, visit https://ibn.fm/wTMED
About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic, precious and base metal properties of merit. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
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MiningNewsWire is part of the InvestorBrandNetwork.
10 EU Countries Push for Inclusion of Nuclear Energy in Taxonomy
Earlier this week, ministers from various countries throughout Eastern Europe published a joint article highlighting the need to decarbonize their economies through the use of nuclear energy. The article stated that decarbonizing the economy required swift or prompt transformations in energy consumption and production patterns in order to reduce carbon dioxide emissions, which would require the development of low-carbon industries and the electrification of consumption.
The ministers from the countries of Slovenia, Slovakia, Romania, Poland, Hungary, France, Finland, Czech Republic, Croatia and Bulgaria stated that nuclear energy must be part of the solution to decrease CO2 emissions as other sources of carbon-free energy were needed in order to meet the needs of the general population both sufficiently and consistently…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Takes Part in Reviving Saxony’s Rich Mining History
- Saxony’s Freiberg has a rich & storied mining history, dating back to 1168 AD, as depicted by a recent video from the Society of Economic Geologists (“SEG”) Student Chapter from the Freiberg University of Mining & Technology
- The region quickly became synonymous with mineral breakthroughs, including the discovery of novel chemical elements such as Germanium and Indium
- Excellon Resources has sought to revive the region’s rich mining traditions, acquiring interests in 34,150 hectares within the historically significant Silver City mineral field in Saxony, Germany
Resilience Project in Atlanta to Provide Energy Equity as an Energy Storage Model
West Atlanta has the world’s largest and oldest association of historically Black universities and colleges, including Clark Atlanta University, Morehouse School of Medicine, Spelman College and Morehouse College. According to the Southeast Energy Efficiency Alliance, low-income residents in Atlanta pay more than four times more for power than the residents in the North, with the American Council for an Energy-Efficiency Economy also revealing that nearly 35% of Hispanic and Black households in the city also experience a high energy burden. To combat this energy inequity, Morehouse College plans to build a resilience center on campus grounds that will operate on solar power.
The center has been designed to be supported by a solar-powered microgrid with the solar energy being stored in batteries…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Announces Another Solid Quarter of Production at Platosa
Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) today announced third quarter 2021 production results from the Platosa Mine in Durango, Mexico. Among the highlights, the company reported silver-equivalent (“AgEq”) production of 521,160 oz, the fifth consecutive quarter of over 21,000 tonnes mined and milled and the strongest nine-months of silver production since 2014. “We have had another solid quarter of production from Platosa at the higher productivity rates that we have realized since Q3 2020,” said Brendan Cahill, Excellon’s president and CEO. “We realized good improvements in mill recoveries late in Q3, which we continue to see as Q4 processing has commenced.”
To view the full press release, visit https://ibn.fm/sZobY
About Excellon Resources Inc.
Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Study Finds Asteroids Close to Earth May Contain Precious Metals
Data released by researchers show that one of the two metallic asteroids floating in Earth’s vicinity could contain precious minerals worth more than $11 trillion. The researchers expect that the asteroid may have more cobalt, nickel and iron than the global metal reserves combined. These metal-rich asteroids have been dubbed 2016 ED85 and 1986 DA.
The findings from the study’s analysis were reported in the “Planetary Science” journal, with researchers noting that the two asteroids are potential targets for asteroid mining in the future…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Shares of Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Climb to New 52-Week High
Shares of Energy Fuels (NYSE American: UUUU) (TSX: EFR) hit a new 52-week high of $8.51 during Monday morning trading, continuing to build on recent momentum. Over the course of the last 12 months, shares of Energy Fuels have moved between this new high and a 52-week low of $1.42. At time of publishing, approximately 5.6 million shares have changed hands today, compared with average volume of 4.5 million.
Throughout this period of strong performance, Energy Fuels has remained committed to the communities in which it operates. Last month, the company announced the establishment of the San Juan County Clean Energy Foundation, a fund specifically designed to contribute to the communities surrounding Energy Fuels’ White Mesa Mill in Southeastern, Utah.
In tandem with the announcement, Energy Fuels deposited $1 million into the foundation and detailed plans to provide ongoing annual funding equal to 1% of White Mesa Mill’s future revenues, providing funding to support the local economy and local priorities. The foundation will focus on supporting education, the environment, health/wellness, Tribal initiatives and economic advancement in the City of Blanding, San Juan County, the White Mesa Ute Community, the Navajo Nation and other area communities.
Learn more by viewing the company’s latest investor presentation at https://ibn.fm/OpmoH
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States.
Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year.
In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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StraightUp Resources Inc. (CSE: ST) Moving Toward Goal Of Becoming One Of The Biggest Mineral Exploration Companies in North America with New Acquisitions
- The mining sector has suffered some setbacks, including low demand for products, fluctuating commodity prices, and a push for green initiatives
- Most companies have tried to cope with this by raising their total production value
- StraightUp, however, is making strategic acquisitions within the North American market, optimistic that strategic investments will best grow shareholder value and bring the company closer to becoming one of North America’s largest mineral exploration companies
World Nuclear Association Requests Representation at 2021 UN Climate Change Conference
This year’s United Nations Climate Change Conference is slated for Oct. 31–Nov. 12, 2021, in Glasgow, Scotland. Sama Bilbao y León, director general of the World Nuclear Association wrote a letter to the UN Climate Change Conference president highlighting the association’s concerns about the rejection of applications on nuclear energy for the Green Zone.
The director urged Climate Change Conference President Alok Sharma to ensure that nuclear energy was well represented alongside other sources of energy that produce low levels of carbon, in addition to treating the energy fairly…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – StraightUp Resources Inc.’s (CSE: ST) RLX Properties ‘Highly Prospective’ for Economic Gold Deposits
StraightUp Resources (CSE: ST) recently announced the completion of a high-resolution Heli-borne magnetic survey (“MAG”) on the RLX North and RLX South properties (“RLX Properties”) that comprise the company’s largest area of operation currently. According to Mark Brezer, the company’s president and CEO, the projects are in the heart of the Red Lake Mining District, an area that is seeing a resurgence of gold-bearing deposits that were overlooked in the past. “The Red Lake district is renowned for over 30 million ounces of historic gold production, and the RLX projects are situated near the Red Lake Mine complex that is the district’s largest gold deposit with estimated reserves of 3.23 million ounces as of a 2019 report,” reads a recent article. “The company regards the contact between the metavolcanic packages of North and South RLX properties as ‘highly prospective’ for economic deposits of gold, or deposits that are formed in such a way that they can be mined out of economic interest. Most of the ore production that has taken place in the district historically has come from within a few hundred meters of the contact point, according to the company.”
To view the full article, visit https://ibn.fm/kdDxl
About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and the Ferdinand Gold properties, all located in the Red Lake Mining Division as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Benefits of Battery Storage for Homes with Solar Power Systems
As more countries around the globe adopt the use of clean energies in an attempt to reduce global emissions, more homeowners are adding solar energy to their homes. Solar has plenty of benefits, including practical and financial advantages such as reduced reliance on fossil fuels, tax credits and decreased electric bills.
Did you know, however, that having battery storage for your solar energy can also increase your bill savings? Today, we look at some of the benefits of battery storage as well as some of its limitations…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Researchers Discover New Method That Recovers Valuable Minerals from Electronic Waste
Researchers have discovered a new method of extracting minerals from electronic waste that uses significantly less energy than current techniques, produces ecofriendly waste and can reduce the demand for mined raw materials. The method is based on the flash Joule heating method, which was designed to produce thin graphene from carbon sources such as plastic and wood.
New adaptations by a group of researchers from Rice University will allow the technique to be used to recover substances including silver, gold, palladium and rhodium from waste, so they can be reused…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Stands Poised to Benefit from a Surge in Global Silver Demand
- Rising investment demand for silver has seen several entities inaugurate dedicated warehouses set to house the precious metal
- Demand for silver is being led by a combination of investment demand and industrial usage, driven by resurgent demand for renewable energy resources
- Excellon Resources is well poised, benefitting from the ongoing production at their Platosa Mine project as well as the promising prospects for their Kilgore and Silver City deposits
Tingo Inc. (IWBB) Seeks to Boost Africa’s Agricultural Economy
- Farming accounts for over 20% of Nigeria’s GDP, yet most of the nation’s farmers live well below the poverty line due to the mechanics of the regional agricultural economy
- Tingo has sought to eliminate the market’s friction, providing farmers and agricultural cooperatives with digital access to a network of agricultural services, agents, and end purchasers
- The company operates a market leading Agri-Fintech through four key business pillars – mobile phone leasing, mobile voice and data services, the Nwassa Marketplace Platform and Tingo Pay
Test, Demonstration Reactors to Play Crucial Role in Nuclear Sector Innovation
U.S. Secretary of Energy Secretary Jennifer M. Granholm has made it clear that we need to use every new and existing technologies in order to moderate the effects of climate change, which will include innovations in nuclear energy. The United States is home to some of the best nuclear innovators globally that are involved in the development of new reactor technologies that will increase access to clean and reliable energy around the globe.
Since the 1960s, nuclear innovation has been sustained by R&D infrastructure at universities and labs, which includes the Idaho National Laboratory’s Advanced Test Reactor…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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StraightUp Resources Inc. (CSE: ST) Driving Shareholder Wealth Through Acquisition and Exploration of Select Mineral Resource Properties
- StraightUp Resources’ mission is to maximize shareholder wealth and value through mineral discoveries at projects with carefully analyzed potential, focused on the acquisition, development, and exploration of mineral resource properties in North America
- The company completed an IPO in March 2020 and has since acquired six properties in Canada and the United States (RLX NORTH, RLX SOUTH, BELANGER, FERDINAND, BEAR HEAD, WEST CAT MINE).
- Its Canadian properties are located in an area with a rich mining history and currently revealing a resurgence of gold-bearing deposits that were overlooked in the past
- Together with the recent acquisition of property in Nevada, StraightUp is positioning itself among companies of significant potential within this sector
LS Energy Launches Utility-Scale Battery Energy Storage System Units
LS Energy Solutions recently launched modular battery-storage system units for the industrial, commercial and utility-scale markets. This makes the company the most recent energy-storage tech provider to launch these complete units. Two models of the company’s energy storage systems are available for purchase.
The two systems include the Energy series, which is suited for two- to four-hour applications, and the Power series, which is suited for one-hour applications. The systems are factory preassembled, using the company’s fourth-generation string inverters that are housed in an enclosure with li-ion batteries. Both the Energy and Power series systems can be supplemented by adding new…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Analyst Says Bull Market Still On for Precious Metals
Bull markets are perceived differently by investors focused both on the long term as well as the short term. In 2019, gold entered a bull market after exiting a basing channel at $1,370. Before that, the metal was trading for a little below $2,000 in 2011 and fell to $1,200 in 2013. After this, the metal entered a new channel in 2014, before exiting it once more in 2020. Analysts now reveal that the long-term outlook for precious metals such as silver and gold is positive, despite the recent decline in the price of precious metals in August last year.
In a recently released video, CPM Group managing partner Jeff Christian stated that the current prices of both precious metals were in the consolidation phase, given that silver usually follows gold. The veteran analyst noted that the consolidation phase occurred after a rally, which began in 2015–16, depending on the metal. Data from Yahoo also shows that in August, the iShares Silver Trust SLV +1.5% and the SPDR Gold Shares GLD 0.2% exchange-traded fund, which track the prices…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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StraightUp Resources Inc. (CSE: ST) Acquires Nevada Mine in Boom Zone to Expand its Footprint
- Mineral property exploration company StraightUp announced Sept. 28 that it is expanding its footprint with the acquisition of a mine in Nevada’s historic Bullfrog boom zone about 125 miles northwest of Las Vegas
- The company recently completed high-resolution heli-borne magnetic surveys (“MAG”) on its largest properties in Ontario, and on another nearby property in a renowned greenstone belt
- Both regions have generated excitement among explorers as gold prices have climbed sharply during the past four years, with analysts predicting the potential for continued increases if market instability resumes during the ongoing COVID pandemic
- The Nevada mine is in an area that produced about 2.3 million ounces of gold and more than 3 million ounces of silver during the 1990s
MiningNewsBreaks – Why StraightUp Resources Inc. (CSE: ST) Is ‘One to Watch’
StraightUp Resources (CSE: ST) is engaged in the business of mineral exploration and the acquisition of mineral property assets across North America. “The company’s flagship properties are located in the Red Lake Mining District of Ontario, Canada, renowned for over 30 million ounces of historic gold production. Other key projects extend into the neighboring Meen-Dempster Greenstone Belt of the Uchi Subprovince. The company’s management team is led by dedicated professionals, aiming to maximize shareholder value while employing modern exploration techniques and principles to achieve its goals,” reads a recent article. “The mission of StraightUp Resources is to maximize shareholder wealth through mineral discoveries at projects with robust potential, maintain long-lasting partnerships, and continue to focus on the acquisition, development and exploration of mineral resource properties in North America. The company’s objective is to continue to locate and develop economic, precious and base metal properties of merit.”
To view the full article, visit https://ibn.fm/EtJd1
About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and the Ferdinand Gold properties, all located in the Red Lake Mining Division as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Nuclear Power Report Sees Rosy Future for Uranium
A nuclear fuel report that was launched earlier last month at the World Nuclear Association Annual Symposium highlights that the generation capacity of nuclear energy is predicted to increase by almost 3% annually, reaching roughly 610 GWe in the next two decades. By 2030, nuclear capacity is anticipated to have reached 439 GWe. At the moment, global nuclear capacity is about 395 GWe.
This report was written by Exelon Generation’s James Nevling and Tenex’s Alexander Boytsov, with input provided by more than 80 experts from the international nuclear industry. It relies on publicly available data gathered from organizations that actively participate in the fuel cycle of nuclear energy to generate forecasts for uranium production and nuclear capacity. The scenarios included in the report — lower, upper and designated…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Power Price Fluctuations Create Opportunities for Battery Storage Investments
As more countries adopt the use of clean energies, disparities between the demand and supply are expected to drive more returns for the funds specializing in battery energy storage systems as well as for battery energy storage systems.
Berenberg analysts expect that the returns of battery energy storage systems for funds such as Gresham House Energy Storage Fund and Gore Street Energy Storage Fund will remain high as a portion of their revenues are associated with power price volatility and they are dependent on the growth of electricity markets. The analysts note that both Gresham House Energy Storage and Gore Street shares…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Establishes Foundation to Benefit Communities Surrounding the White Mesa Mill
Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently established the San Juan County Clean Energy Foundation, a fund created to contribute to the communities surrounding UUUU’s White Mesa Mill in southeastern Utah. “The funds from the foundation are earmarked to support the local economy and local priorities, specifically focusing on supporting education, the environment, health/wellness, and economic advancement in the city of Blanding, San Juan County, the White Mesa Ute Community, the Navajo Nation, and other area communities,” reads a recent article. The foundation will have a community-based advisory board to ensure that the foundation’s contributions are well planned and correspond to the specific needs and aspirations of the community. Energy Fuels CEO Mark Chalmers stated that the communities surrounding the company’s facility deserve to share in the benefits of the mill’s clean-energy future. Local community leaders reacted to the announcement, with Blanding Mayor Joe B. Lyman noting: “Over the last year, the company has met with local community members to understand and identify needs in the area. The formation of the foundation is a culmination of these efforts and the beginning of a long-term commitment to improve the quality of life for everyone in the San Juan County area to help us reach our full potential.”
To view the full article, visit https://ibn.fm/Z48xh
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States . Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol UUUU, and the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol EFR. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Notorious Reddit Investor Forum Picks Interest in Uranium Stocks
Nuclear energy is one of the safest and cleanest energies to use given that it has a virtually nonexistent carbon footprint. However, nuclear disasters that have occurred in the past such as Chernobyl, Three Mile Island and Fukushima Daiichi, have made its use less than popular. The long half-life of radioactive nuclear waste doesn’t help this energy’s profile in the public eye as more nuclear plants around the globe get decommissioned.
Despite this, nuclear energy kills far fewer individuals than fossil fuels, with estimates showing that coal energy kills more than 300 times as many individuals per terawatt-hour of energy produced in comparison with nuclear power…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Excellon Resources Inc.’s (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Drill Campaign Continues to Define High-Grade Mineralization at Platosa
Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced results from underground drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported further high-grade results from the 623, NE-1S, and Guadalupe South mantos, with diamond drilling results from underground. “Drilling at Platosa continues to define high-grade mineralization ahead of production,” said SVP of Geology and Corporate Development Ben Pullinger. “With EX21UG690, we have potentially discovered a new zone of very high-grade mineralization sitting below the historically mined upper part of the 623 Manto. This mineralization is located approximately 80 metres above the deepest current development heading and appears to have a vertical attitude that was not tested in historical drilling. Follow-up drilling to test this zone is an immediate priority of the ongoing drill campaign.”
To view the full press release, visit https://ibn.fm/AqM6K
About Excellon Resources Inc.
Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Factors Affecting Precious Metals Arbitrage
Precious metals can be traded through various multiple security classes, such as exchange traded funds, funds, options, futures and metal trading. The metals are usually classified as commodities. The most popular and most heavily traded commodities for investments globally, namely silver and gold, provide a lot of trading opportunities with high liquidity. This means that arbitrage opportunities exist in the trading of precious metals, just as with other tradable assets.
Below, we discuss the basics of the arbitrage trading of precious metals as well as factors that affect precious metals arbitrage.
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Key Attributes of Utility-Scale Battery Storage Systems
As the adoption of clean energies continues and more countries work toward decreasing their emissions and attaining their targets, the popularity of battery storage technology grows. Battery storage technology allows utilities and power system operators to store energy for future use, which may come in handy in the event of unexpected outages or failures.
An energy storage system works by collecting energy from a power plant or grid and then discharging it at a later time, providing electricity and other grid services when required…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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An Overview of Gold Production in 2020
Last year, the price of gold set a new record when it sold for $2,000 per ounce, which gave miners a boost in profitability. However, the pandemic caused various mines across the globe to shut down, which in turn impacted the production of the precious metal.
Before gold is used in its numerous applications, such as jewelry, etc., it has to undergo a challenging production process, which usually starts with mining. Mining this precious metal is an international business…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Why Uranium Demand Could Double in a Decade
The demand for nuclear power is set to rise significantly not only from consumers in the Far East but also from domestic U.S. consumers as the adoption of cleaner energy continues. Uranium Energy Corp CEO Amir Adnani believes that by 2030, the People’s Republic of China will have more nuclear generation than the United States, which will significantly increase the demand for uranium and the profile for nuclear generation.
At the start of last week, uranium futures rallied to $50 per pound from the mid-August price of $30 per pound…
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces LOI to Form JV with Mexico Gold Mine
Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, has signed a letter of intent (“LOI”) outlining a joint venture agreement to secure an 80% interest in the development and production of the Tequila Gold Mine Project. The gold mine is located some 70 kilometers north of Guadalajara, Mexico. AABB noted in the announcement that previous exploration and drilling on the property conducted by a Canadian mining company showed multiple gold and silver mineralization veins that exhibited high-grade potential. The Tequila project is another potential high-yield asset that has been added to AABB’s plans to acquire gold production and increase its physical gold holdings. Moving forward, AABB will be involved in due diligence efforts as well as continued negotiations regarding the property JV, which it anticipates becoming definitive before the end of October 2021. The company is working to accelerate this acquisition so AABB can commence an expansion program. In the announcement, AABB also noted that it has completed its assessment program in connection with the Acaponeta-Bonanza property in Mexico, which it is targeting as well. The company anticipates negotiating a definitive agreement by mid-October.
To view the full press release, visit https://ibn.fm/z3FT2
About Asia Broadband Inc.
Asia Broadband is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive value for shareholders. The company has also recently released its freshly minted mine-to-token, gold-backed cryptocurrency AABB Gold token (“AABBG”) and strives to become a world-wide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. For more information about the company, please visit www.AsiaBroadbandInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Lithium Continues Price Surge in September
Since the start of September, the price of lithium has risen steadily as the metal’s demand increases and concerns about its supply drive Chinese domestic prices to new highs. Data shows that these prices are the highest the Chinese market has seen since 2018.
During the first half of September, the price of battery-grade and technical lithium carbonate rose by more than 20%. Currently, the prices have surged by 214% and 189% respectively on the Chinese domestic market…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) Announces Acquisition of Historic Nevada Mine
StraightUp Resources (CSE: ST) today announced its acquisition of the West Cat Mine, which includes an unpatented lode mining claim on federal land in the historic Beatty Mountain Nevada Mining District in Nye County, Nevada, located about 15 kilometers east of U.S. Route 95 and approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. According to the update, the West Cat Mine is part of a 20.66-acre land package discovered in the early years of the Bullfrog mining boom. Gold-bearing quartz veins occur in the west-draining canyons and along the western slopes of Bare Mountain, and the mine has reportedly produced some very rich gold ore within fault zones and shears. “We are extremely excited to begin our expansion into new mining districts and continue to position ourselves among top-quality assets and companies,” said StraightUp CEO and President Mark Brezer. “Nevada calls itself the ‘Silver State’ for good reason. It’s the second-largest producer in the United States, after Alaska, and, in 2014, Nevada produced roughly 11 million troy ounces — more than half of which came as a byproduct from gold mining. This is clearly an area ready for large-scale operations to come.”
To view the full press release, visit https://ibn.fm/DkJeI
About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and the Ferdinand Gold properties, all located in the Red Lake Mining Division as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to ST are available in the company’s newsroom at https://ibn.fm/STR
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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StorEn Technologies Inc. Announces ANYSeed Converts Note, Becomes New Shareholder
- StorEn issued ANYSeed a convertible note in 2019; the fund recently converted the note into equity
- ANYSeed supports science and technology-based, early-stage ventures located in downstate New York
- Focused on offering innovative battery storage, StorEn Technologies is leading way in the development of evolutionary vanadium flow batteries
Greenstone Belt Gold Potential Drives StraightUp Resources Inc. (CSE: ST) Survey Work in Ontario’s Rich Red Lake Mining District
- StraightUp Resources is a mineral property acquisition and exploration company currently focused on potential production targets in Ontario, Canada’s historic Red Lake Mining District
- StraightUp has options to four flagship properties that together comprise over 20,000 hectares (about 50,000 acres) in a region that has produced more than 30 million ounces of gold historically
- The company announced this month that it has completed a high-resolution heli-borne magnetic survey (“MAG”) on its largest project that will help the company decide where potential gold mineralization worth further exploration may lie
- The company’s efforts to fund its exploration work include a recently announced private placement offering and an initial financing tranche closing that raised C$301,100
Should You Add Precious Metals to Your Retirement Portfolio?
The world we live in now is full of uncertainties, which only raises more concerns about the future and how we can be better prepared for it. You’ve probably heard that investing for your future is a good way to plan ahead, but how do you know what would be good to invest in?
A financial advisor can offer helpful insights into how you should invest your money and what might afford you the highest returns…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Three Technologies That Can Make Shift to Renewable Energy Easier
The cost of renewable energy generation has significantly decreased in the last few years. This is one of the reasons why the U.S. Department of Energy believes renewable energy will be the quickest-growing energy source through 2050 in the country. However, while energy storage is essential, the cost of energy storage is still relatively expensive.
A recent report released by researchers at the National Renewable Energy Laboratory estimates that the possibility of increasing energy storage capacity in the U.S. by roughly 3,000% exists. Below are some of the technologies that can boost this shift to renewable energy…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Creation of Million-Dollar Foundation to Support Local Communities
- UUUU’s San Juan County Clean Energy Foundation designed to assist communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah
- Company initially donating $1 million, plans to donate annual funding equal to 1% of the mill’s future revenues
- Investing back into the San Juan County community will give company opportunity to support, catalyze sustainable economic and community development
StorEn Technologies Inc. Names New Director of Business Development
- New director will add significant strength to business development and marketing initiatives
- Davis has decades of sales and business development experience heavily focused on emerging technology solutions for telecommunications, utilities industries
- StorEn focused on revolutionizing the world of residential, industrial energy storage
Electric Vehicle Demand to Boost Silver’s Price, Market
Guardian Vaults business development manager John Feeney revealed in a report published last week that despite silver struggling to perform at the moment, the metal should attract new investors in the near future as it became clear that the Fed wouldn’t tighten monetary policies given the lower-than-expected employment figures released in August.
Currently, the metal is going for about $24 per ounce. Normalizing interest rates or shifting monetary policy would have negative consequences on the economy, which is why the Federal Reserve will not be taking any action on this…
NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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New Investment Fund Increases Possibility of Uranium Bull Run
The Sprott Physical Uranium Trust has been buying the metal on the spot market since August, which signals the start of a bull run for uranium. At the moment, Sprott holds more than 23 million pounds of uranium, which equates to roughly 14% of international reactor consumption. This move to amass huge amounts of the metal brings the potential bull market period a few years closer to now.
Uranium is popularly used by nuclear plants for nuclear fission, and while it can be found in various parts of the globe, it is considered a nonrenewable energy source…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Researchers Have Found New Type of Catalyst That May Protect Endangered Elements
A new study conducted by researchers from the University of Nottingham has found that palladium may help produce new and sustainable ways of protecting the supply of precious metals as well as using and making molecules. The researchers discovered that the behavior of palladium didn’t match the standard characteristics that classify catalysts as being heterogeneous or homogeneous.
Normally, catalysts are defined as heterogeneous when reactions occur on the surface of a catalyst and homogeneous when the catalytic centers are mixed with reactive molecules…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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StraightUp Resources Inc. (CSE: ST) Is ‘One to Watch’
- StraightUp’s objective is to continue to locate and develop economic, precious and base metal properties of merit
- In April 2021, StraightUp closed a non-brokered private placement raising C$697,700
- The company’s RLX Projects are well positioned on-strike to the southeast of the Red Lake Mining District’s largest gold deposit
- StraightUp Resources recently completed a heliborne magnetic survey of its Ferdinand Gold Project
- The company’s management team is led by dedicated professionals with experience in modern exploration techniques
Gold Rally May Have Hit Plateau
Since the height of the pandemic, the price of gold has been hitting record highs. Last week, the price of gold also rose after the publication of lower than expected nonfarm payrolls. However, this was short lived as the price declined later in the week, falling below $1,800 on Wednesday.
This decline is bearish for the yellow metal and shows its inability to maintain gains in the current environment, which displays the metal’s innate weakness…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Entirely New Realm – the World of Medicine
Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently entered into a strategic alliance with RadTran LLC, a technology development company focused on closing critical gaps in the procurement of medical isotopes, to evaluate the recovery of thorium and possibly radium from the company’s existing rare earth carbonate and uranium process streams. “The company just began producing rare earths by unlocking the value of a mineral called monazite because this mineral contains the radioactive elements uranium and thorium. And UUUU’s most recent strategic partnership takes the company into an entirely new realm: the world of medicine,” reads a recent article. RadTran and UUUU “will work together to evaluate the potential to use thorium from existing rare earth and uranium process streams for the production of medical isotopes needed for emerging targeted alpha therapy (‘TAT’) cancer therapeutics.” With the limited supply of these isotopes constraining the research and development of new TAT drugs, Energy Fuels and the feeds at its White Mesa Mill “may offer a possible solution to this medical supply dilemma.”
To view the full article, visit https://ibn.fm/VXIIM
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol UUUU, and the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol EFR. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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ClearPath Finds That Nuclear Power Is Essential for Decarbonization
ClearPath, a not-for-profit organization, states that in addition to longer operation for nuclear power plants and utility commitments to net-zero emissions, public policy is needed to help avert the plateau to 2050. In a new report, the DC-based organization warned that continued load growth in states that don’t have climate targets and the closure of existing nuclear plants, as well as the exhaustion of economic coal-to-gas shifting in the future, would result in shallow decarbonization.
The company expects carbon dioxide emissions to stop decreasing after 2025 and plateau until 2050, even with the recently enacted state-level clean energy standards and federal incentives…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Showcases Corporate Activities at Open House; Establishes Foundation to Support Local Communities
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, held an open house for business, community and industry leaders at its White Mesa Mill location in Blanding, Utah. During the event, the company showcased its uranium production and introduced its production and shipment of an intermediate rare earth element (“REE”) product. According to the announcement, an estimated 15 containers of RE carbonate produced at the mill is being shipped to Europe; upon arrival, that carbonate will be processed into separated rare earth oxides and other value-added RE compounds. These shipments of commercial quantities of rare earths from UUUU’s White Mesa Mill represent a milestone in the creation of a new supply chain that will reduce dependence on foreign suppliers and increase economic potential to the area. Energy Fuels also noted that it will continue its U.S. industry-leading uranium production capabilities; the company has been the largest producer of uranium in the country for the past several years. In addition, the company announced that it has established the San Juan County Clean Energy Foundation. The foundation and related funds will be contributed to the local communities surrounding the White Mesa Mill in southeastern Utah. To kick off the foundation, Energy Fuels donated $1 million; the company noted that it plans to provide annual funding equal to 1% of the mill’s future revenues. Foundation efforts will focus on education, the environment, health/wellness and economic advancement in Blanding, Utah, as well as the White Mesa Ute community, the Navajo Nation and other area communities. “The communities that surround our facility deserve to share in the benefits of the mill’s clean-energy future,” said Energy Fuels CEO Mark Chalmers in the press release. “We see San Juan County as becoming a critical minerals hub for the U.S., and we believe the foundation is truly the best way to make an impact and difference in the lives of those who work alongside us as we pursue these goals. . . . Investing back into the San Juan county and community will give us the opportunity to help support and catalyze sustainable economic and community development, beyond good jobs and more tax revenues.”
To view the full press releases, visit https://ibn.fm/7vJ6D and https://ibn.fm/cO8RT
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium for certain projects as market conditions warrant, as well as rare earth carbonate. With corporate offices in Lakewood, Colorado, and all of its assets and employees in the United States, Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming and the Alta Mesa ISR Project in Texas. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Post-Lockdown Demand for Batteries Good for Lead Market
Lead is widely used in cable sheathing, ammunition, pigments and, most importantly, car batteries. In July, the metal hit a new high of $2,343 per ton, its highest figure in three years. This high was driven by the resurgence of demand for lead-acid batteries post-lockdown as more motorists return to the roads.
Before this, in June, the cash premium over the anchor London Metal Exchange lead price was $35 per ton. This is the most serious squeeze on cash metal since February last year. Much like prior periods of tightness, the squeeze is likely the result of a position clash between…
NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsWire is part of the InvestorBrandNetwork.
Dismal Jobs Report Boosts Gold While Depressing Dollar
Forecasts released earlier in the year estimated that the U.S. economy would introduce 735,000 jobs in August. However, a report released last week found that last month only about 233,000 jobs were added. This was well below the forecast and is the smallest gain thus far.
The dollar fell after the report was released, which in turn boosted the demand for metals such as gold, which hit a four-week…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Scientists Seek Solutions to Degradation of Li-ion Battery Performance
A team of researchers at the University of Southern California has developed a solution that averts the degradation of the structural integrity of li-ion batteries. This degradation is what causes the decline in the battery’s functionality over time.
The solution involves stretching battery elements to allow them to be cycled over and over without structural fatigue. The researchers’ paper was reported…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
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A Review of Vanadium’s Market Performance for First Half of 2021
As economies across the globe recovered from the impact of the coronavirus pandemic, experts forecasted an increase in the demand for vanadium. The majority of the vanadium produced globally is used in the production of steel in China. Here’s a review of vanadium’s market performance in 2021, particularly for the first half of the year, as well as what some experts and analysts expect for the future.
Price
The vanadium market struggled to navigate the uncertainty brought on by the COVID-19 pandemic last year. During the pandemic period, the demand for the metal increased by 7% in China but declined by 8% in the rest of the world…
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About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Playing Essential Role in US Efforts to End Dependence on China for REEs
Energy Fuels (NYSE American: UUUU) (TSX: EFR) may be the only company outside of China with the equipment, expertise and licenses in place to responsibly process monazite, one of the most valuable rare earth elements (“REEs”) in the world. A recent article reads, “The company, along with key partners, is focused on establishing the United States again as a producer of advanced rare earth products, all produced from monazite, with a commitment to sustainability, environmental protection and human rights. The company is also creating a supply chain option that allows monazite suppliers in the U.S. and around the world to participate in the profits from downstream rare earth processing and production of advanced materials.” This comes in the wake of the commitment by the U.S. government to end the country’s dependence on China for REEs. According to Energy Fuels, China dominates every aspect of the global rare earth market, from mining to processing to manufacturing. China has wielded this monopoly of the REE supply chain to influence foreign policies, a weaponization that threatens the economic and national security of the U.S. and other countries around the world. As a result, Energy Fuels’ involvement in this effort is essential.
To view the full article, visit https://ibn.fm/BkDIh
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States . Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol UUUU, and the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol EFR. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
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The Top Four Global Producers of Vanadium
Vanadium is a silver-gray metal used to make various metal alloys and particularly in the manufacture of ferrovanadium. Ferrovanadium is an alloy of vanadium and iron used in steel production. Recently, countries that produce vanadium have greatly benefited from infrastructure spending in China and around the world. Global economic recovery, coupled with the growing interest in vanadium redox batteries, could further drive the demand for the metal as well as increase its price.
This is despite the decline in the production of vanadium in the recent past. Data from the U.S. Geological Survey shows that mined production of the metal declined from 80,000 metric tons in 2017 to 71,200 megatons in 2018, before increasing slightly to 73,000 megatons in 2019…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Results of Drill Program at Augustus Lithium Drill Hole
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has completed phase 1 exploration drill work at its Augustus Lithium Property, which is located in Quebec. The drill program included a total of 32 NQ size diamond drill holes, with a cumulative drilling of 5,847.15 meters; 27 of the drill holes intersected spodumene bearing lithium pegmatites with five holes showing low-grade lithium intercepts or not hitting any significant mineralization at all. Results also noted that two drill holes were drilled for metallurgical test-work purposes at the same locations as holes LC21-16 and LC21-20, respectively. Other results worth noting are that the results of seven drill holes are completed and have been reported in previous news releases, 10 holes intersected low-grade or no lithium mineralization while two holes have been kept for metallurgical test work; results are still pending from 13 drill holes. Finally, the company noted that the Augustus prospect spodumene bearing lithium mineralization has been delineated along a strike length of more than 400 meters in a northwest-southeast direction, while at the Beluga/Canadian lithium prospect, a high-grade lithium bearing spodumene pegmatite zone has been channel sampled with the drill holes beneath this pegmatite zone showing large pegmatite widths but smaller lithium-bearing intersects. “We are very pleased with successful completion of the Phase 1 exploration work on the Augustus property,” said First Energy Metals CEO Gurminder Sangha in the press release. “The current work not only confirmed the historical lithium mineralization reported on the property but also was able to define targets for further exploration work. The company is looking forward to commencing a Phase 2 exploration work as soon as the results of the current exploration work are compiled and completed. I commend the hard work of the project team members who were able to successfully complete exploration work despite global impact of COVID-19 pandemic and restrictions on movement which made it difficult to organize logistics for the project.”
To view the full press release, visit https://ibn.fm/NX9O6
About First Energy Metals Limited
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, please visit www.FirstEnergyMetals.com.
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About MiningNewsWire
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Aluminum Price Hits New Highs After Supply Concerns Grow
Last week, the price of aluminum hit a new three-year high as concerns about supplies from China, which is the world’s top producer of the metal, increased after the Xinjiang region in the country began imposing output curbs on smelters.
For example, last Friday, benchmark aluminum on the London Metal Exchange had increased by 1.5%, hitting almost $2,670 by noon. Earlier in the session, prices had gone up to $2664.50, which is the metal’s highest price since April 2018…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
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Gold Rises on Fed Remarks Regarding Dialing Back Monetary Intervention
The price of gold increased last week as Jerome Powell, the chairman of the Federal Reserve, gave his virtual speech at the Jackson Hole symposium. By noon, spot gold had risen slightly above 1%, reaching $1,811.50 per ounce, exceeding the $1,800 level for the second time in the week. In New York, U.S. gold futures were trading at $1,811.61 per ounce, a 0.9% increase.
In his speech, Powell stated that the economy has reached a point where it doesn’t need as much policy support, adding that the Fed would begin to decrease its monthly bond purchases before the year’s end. However, this would only be the case if economic progress continues…
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About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Analyst Says Procurement of Battery Storage Still Chaotic in US
The battery storage market in the United States is plagued with many procurement challenges, which include making sure that consumers understand the performance claims and warranties that come from manufacturers and ensuring the sturdiness of the supply chain. Adam Walters, an experienced renewable energy lawyer, says the growing battery storage procurement market in the U.S. is chaotic.
In an interview, he stated that, unlike in 2011 when China surpassed American and European solar PV manufacturers when it began offering incentives, the storage space will be more balanced, even with the involvement of Chinese manufacturers in the industry…
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MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Report Finds Increase in US Critical Mineral Imports
Critical minerals are minerals that are important to the economy. A mineral’s criticality changes with time as society’s needs and supply shifts. Most critical minerals are metals that are essential to high-tech sectors. They include rare earth elements and metals such as platinum group elements, manganese, vanadium, molybdenum, cobalt, magnesium, gallium, tellurium and lithium.
An analysis conducted by S&P Global Market Intelligence has found the import of critical minerals into the United States remained relatively unchanged quarter over quarter but increased by almost 8% in the second quarter of this year, in comparison with 2020’s second quarter...
NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN
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Canadian, .US Nuclear Regulators Conclude Maiden Collaborative Project
Nuclear safety regulators in the United States and Canada recently concluded their collaborative project, which focused on small modular reactor licensing. The U.S. Nuclear Regulatory Commission and the Canadian Nuclear Safety Commission have released a joint report that offers feedback on the manufacturing codes it suggests for use in both Canada and the U.S. for the Xe-100 reactor pressure vessel design.
The report is the first result of the program of cooperation that the U.S. Nuclear Regulatory Commission and the Canadian Nuclear Safety Commission entered into in August 2019…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
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Copper Price Rallies After Hitting Half-Year Low
Last week, the price of copper increased, with copper for delivery in September increasing by 2% to $9,084 per ton. This comes after a six-month low that saw copper drop to $8,715 per ton on the Comex market in New York. Analysts believe that the metal’s prices are on course for a decline based on several factors, including the rising coronavirus cases, the Federal Reserve withdrawing stimulus measures and worries about decreasing demand in China, which is the biggest consumer of the red metal.
Edward Meir, an analyst at ED&F Man Capital Markets, stated that the macro numbers out of China had been slow for a while, adding that the spreading delta virus strain and the stronger dollar were other factors that could influence…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
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Report Finds Greenhouse Gas Emissions Didn’t Increase at Gold Mines During Lockdown
S&P Global Market Intelligence recently released a report that looked into greenhouse gas emissions in gold mines. The company analyzed sustainability reports for 2020, which were obtained from more than 90 leading gold mines in order to carry out a year-over-year comparison of emissions and determine the influence of the coronavirus lockdown on greenhouse gas emissions.
The report states that despite fluctuations in gas emissions, mining grades declined last year, which led to a decline in the output of gold and, in turn, caused a decrease in per-ounce emissions intensity…
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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Signs Alliance to Evaluate Potential Production of Isotopes for Emerging Cancer Therapeutics
- UUUU, RadTran to study the recovery of thorium, radium, from existing rare earth carbonate and uranium process streams
- The alliance has the potential to develop commercial technologies and sources of isotopes needed for a new domestic medical supply chain
- Partnership aims to alleviate major bottleneck in the targeted alpha therapy market
US Utilities Planning to Add 10GW of Battery Storage to Grid by 2023
Between 2015 and 2019, the cost of battery energy storage declined by 72% in the United States. Consequently, utilities in the U.S. are now planning to bring in 10GW of new grid-connected capacity online in the near future.
The deployment of battery storage across the country has increased to about 1,650MW, which has allowed power grids to operate more resiliently and flexibly…
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About MiningNewsWire
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MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Poised as Lithium-Ion Batteries Increasingly Become the Rage
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company with a primary focus on developing a multicommodity mineral property portfolio, recently announced the results of drill hole LC21-22 at its Augustus Lithium Property in Quebec. “The drill hole intersected a 10.5-meter-wide zone with 1.22% lithium oxide at 69 meters drilled depth,” reads a recent article. “First Energy Metals is well positioned to leverage growing opportunities in the global lithium-ion battery market. Lithium-ion batteries (Li-ion batteries or LiB) are increasingly becoming the rage due to their potential for use in a wide range of products and applications ranging from smartphones and smartwatches to electric vehicles (‘EVs’) and energy storage systems. Since being launched commercially in 1991, Li-ion batteries have witnessed significant improvements in performance and capabilities, thus making them indispensable for a range of products.”
To view the full article, visit https://ibn.fm/OukFy
About First Energy Metals Ltd.
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. Its goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. The company’s strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, visit www.FirstEnergyMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Excellon Resources Inc.’s (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Platosa Continues Production at Historically High Rates
Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), a silver and base metals producer with precious metal projects in Mexico, Idaho and Germany, recently published its second quarter results for the 2021 fiscal year. Among the highlights, the company reported Q2 2021 revenues of $9.7 million, up from the $0.7 million registered in Q2 2020, and significantly improved gross profit to $2.1 million, up from last year’s loss of -$2.6 million. “Excellon Resources’ strong second quarter results were directly correlated to the robust production numbers generated from the Platosa Mine in Durango, Mexico,” reads a recent article. “Excellon saw silver production of 296,013 ounces, lead production of 1.9 million pounds and zinc production of 2.5 million pounds — in aggregate totaling silver equivalent production of 487,009 ounces. Although comparative results relative to the equivalent period in 2020 were impacted by the suspension of activities in Mexico from April 2, 2020, to June 1, 2020, on account of the COVID-19 outbreak, the second quarter of 2021 marked the fourth consecutive quarter of over 21,000 tonnes mined and milled. ‘Platosa delivered a fourth consecutive quarter of production at historically high productivity rates,’ stated Brendan Cahill, president & CEO of Excellon Resources.”
To view the full article, visit https://ibn.fm/YSpXy
About Excellon Resources Inc.
Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Price of Copper Drops Amid Concerns of Fourth Coronavirus Wave
The price of copper has been declining for the past few weeks, as concern over a fresh surge in coronavirus cases in North America and Europe rises among investors. On the Comex market, copper for delivery in September declined by about 2%, reaching $4.22 per pound. On the Shanghai Futures Exchange, the most-traded copper contract for September fell by about 0.5% to $10777.34 per ton.
The price of copper is saddled by the increasing coronavirus cases globally and potential tightening in policies in some major economies, which may make it more difficult to recover…
NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Nuclear Power Reactors Allocated $6 Billion in Bipartisan Infrastructure Bill
Under the new bipartisan infrastructure legislation, nuclear power reactors have been allocated $6 billion. This move is supported by the Biden administration and Senator Joe Machin, who is an advocate for nuclear reactor incentives and the chairman of the Senate Energy and Natural Resources Committee.
Nuclear energy is a zero-emission, clean-energy source that generates power through uranium atoms splitting in a process known as fission…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Only NA Company in Position to Produce Monazite-Derived REE
- Monazite sand is so valuable because of its superior distributions of magnetic REEs for use in clean-energy, defense and other technologies
- UUUU has licenses, ability to unlock the value of this domestic resource
- This year, the company and its partners have created a U.S.-E.U. rare earth supply chain
US Infrastructure Policy a Boon for Industrial Metals
The $1 trillion infrastructure package introduced by the Biden Administration will help boost the demand for aluminum, copper and steel as well as improve the domestic supply of critical minerals and battery metals. That package includes roughly $6 billion set aside for battery materials manufacturing and processing projects, with more than $100 million being issued for the development of a rare earth demonstration plant. The objective of the Biden Administration is to invest in domestic critical metals production.
Presently, about 80% of the rare earth metals used in the United States is imported from China. The $140 million awarded will build a rare earth facility that will show the commercial viability of a full-scale integrated rare earth metal extraction, separation and refining facility…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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How Ocean Mining Could Play Out
Pandemic recovery packages for some countries have driven the demand for commodities such as lithium, iron ore and copper even higher. With the demand for metals needed for the clean energy transition and electrification increasing, many companies are thinking about venturing into ocean mining, a virtually unexplored market. Research has shown that the sea floor is abundant in various metals, with reserves estimated to be worth more than $16 trillion.
Where is ocean mining expected to occur?
Research has found that the Clarion Clipperton Zone, located between Mexico and Hawaii in the Eastern Pacific Ocean, has the most minerals…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Long-Duration Energy Storage Market Growth Faces Policy Bottlenecks
A panel of experts has come to the conclusion that market mechanisms in the energy sector must be adjusted with the aim of supporting long-duration energy storage, as current frameworks have found it hard to incentivize these technologies. The experts debated the policy outlook for long-duration storage during the 2021 Energy Storage Summit, which was organized by Solar Media.
Robert Hull, the energy advisory managing director at Riverswan, called attention to how revenue-generating mechanisms weren’t supportive of long-duration, energy-storage technologies, despite the support of overall policies…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Could Gold Be Experiencing a Mid-Cycle Market Correction?
Paul Wong, a strategist at Sprott Market, believes that gold may soon experience a rally in the coming months. Last month, gold bullion increased by 2.5%, with mining equities also seeing a modest recovery in their fortunes, with an increase of 3.33%. The price of gold at the month’s end was $1,814.19 per ounce. Despite this gain, the precious metal is still down 4.44% year to date, with silver also down by 3.44%.
In his report, Wong stated that this year’s weak performance of gold was a mid-cycle correction for precious metals, adding that gold performance in June was most probably caused by a de-grossing event…
NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Results from Underground Drilling at Platosa Project
Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has reported that it is drilling 1,828 g/t silver equivalent over more than five meters at its Platosa Mine in Durango, Mexico. Additional highlights of the report include 2,368 g/t AgEq over 1.6 meters in EX21UG597 and 1,481 g/t AgEq over 2.5 meters in EX21UG601. In addition, the company noted that the drilling results from underground continue to define mineralization in areas ahead of production at the 623, NE-1 and NE-1S Mantos as well as outside of the current mine plan. The drilling into the 623 and NE-1 Mantos specifically improve understanding and confidence, company officials observed, and extend mineralization in these areas. Excellon will continue to test target areas ahead of production. The company also noted that its drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico. “Drilling at Platosa continues to define high-grade mineralization ahead of production,” said Excellon senior vice president of geology and corporate development Ben Pullinger in the press release. “Additionally drilling into areas previously defined by historical surface holes is upgrading our confidence in the grade and tenor of mineralization and expanding the mineralized envelope around 623 and NE-1.”
To view the full press release, visit https://ibn.fm/rJxSw
About Excellon Resources Inc.
Excellon Resources has a vision to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes the following: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany, with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. For more information about the company, please visit www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Collaborates to Mark Important Milestone to Restore Critical RE Supply Chains
Energy Fuels (NYSE American: UUUU) (TSX: EFR) and Neo Performance Materials (TSX: NEO) recently announced that the first container of mixed rare earth (“RE”) carbonate was shipped from UUUU’s White Mesa Mill in Utah to NEO’s rare earth separation facility in Estonia. This shipment marked an important milestone toward restoring the critical U.S. and European rare earth supply chains. Chemours (NYSE: CC), based in Georgia, mines natural monazite that contains both the rare earth elements and naturally occurring uranium. “The rare earth elements are then processed into RE carbonate by UUUU’s White Mesa Mill before being shipped off to Estonia and separated into rare earth oxides and other value-added rare earth compounds,” a recent article reads. “This commercial-scale process has established Energy Fuels as the only company in North America that currently produces a monazite-derived, enhanced rare earth material, and the shipment of the product represents the beginning of a new, environmentally responsible rare earth supply chain.”
To view the full article, visit https://ibn.fm/eC3Ao
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol UUUU, and the company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol EFR. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Why In-Situ Recovery Is a Great Mining Method
Mining is the extraction of geological materials and valuable minerals out of the ground, with the most popular mining methods being open surface, underground and in-situ mining. Unlike the other mining methods mentioned, in-situ mining doesn’t involve a lot of digging or landscape disturbance.
Also known as in-situ leaching and in-situ recovery, the method isn’t a new innovation in the natural resources industry, having been used for more than five decades to mine uranium. Nearly 50% of the total uranium mined globally is mined using in-situ recovery. Other minerals that can be extracted from the earth using this method include…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Reports Strong Second Quarter Financial Results
- The company reported revenues of $9.7M, in-line with Q1 2021’s sales while gross profit improved to $2.1M, up 16% quarter over quarter
- Excellon’s production cost per tonne decreased to $273, down 8% quarter over quarter
- The company also increased its exploration expenditures to $1.8M in Q2 2021, with ongoing mining activity at Mexico’s Platosa mine, as well as in their German and Idaho-based sites
MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Drills 1.47% Li2O at 11.5 Meters Depth at Augustus Lithium Property
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole LC21-05 at its Augustus Lithium Property in Quebec, Canada. According to the update, highlights of LC21-05 include a four-meter-wide zone with 1.47% lithium oxide (“Li2O”) at 11.5 meters (“m”) depth and a three-meter-wide zone with 0.56% Li2O at 32m depth, including a one-meter-wide zone with 1.14% Li2O at 33m depth. The drill program is based on historical exploration data and the company’s in-progress surface trenching and sampling program. Several historical drill hole collars were also located on the property, which helped in the location and orientation of drill holes for the current program. The samples were processed using best practices and delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario, for sample preparation and analyses using Ultratrace 7 and sodium peroxide fusion (“Na2O2”) as summarized in the update. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.
To view the full press release, visit https://ibn.fm/5WeNg
About First Energy Metals Limited
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. Its goal is to identify, acquire and explore North American mineral prospects in the precious metal, base metal and industrial metals sector. The company’s strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, visit www.FirstEnergyMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Four Technologies That May Help Address Energy Storage Challenge
Many of the renewable sources of energy, such as solar and wind energy, flow and ebb depending on the prevailing weather conditions. If renewable energy is to become the dominant source of global energy, reliable and cost-effective solutions on a utility scale have to be developed and deployed so that excess energy can be stored in order to be used when the natural supply is low, such as at night when solar panels cannot collect energy from the sun. Here are four technologies that hold the greatest promise for fixing the energy storage challenge.
Pumped hydro
The basic thinking behind this option is that water can be pumped uphill during the hours when there is limited demand for hydroelectric power…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Continues To Release Lithium Drill Results As Lithium Demand Continues to Grow Globally
- Company reported various lithium oxide volumes at LC21-22 and LC21-003 drill holes
- The drilling showed irregular values of rare metals, including niobium, rubidium, tantalum, beryllium, cesium, and iron
- Analysis of the samples is done through a process called Code Ultratrace 7 using Peroxide Fusion, ICP, and ICP/MS
- First Energy Metals granted incentive stock options to certain directors, officers, and consultants to purchase up to 900,000 common shares under the Stock Options Plan, exercisable for five years at a price of $0.25 per share
- Global Li-ion Battery Market to Reach $80.5 Billion by 2024
Novel Battery Designs Unlikely to Dent Metals Demand by EV Industry
Mining companies have revealed that plans to make an EV battery that doesn’t contain lithium by China’s Contemporary Amperex Technology Co. Ltd (“CATL”) likely will not ease the demand for lithium as well as other battery metals. This is mainly because the battery will have a limited range, and competing battery technologies are expected to eat up lithium’s supply in the near future.
Earlier in June, CATL revealed that it would be developing a sodium ion alternative that wouldn’t contain cobalt, lithium or nickel…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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A “Time Lapse” View of the Silver Mining Steps
Silver has had many applications in the past, its use in jewelry for millenniums to its use in powering the current new tech innovations and the green energy transition. The metal, which has the greatest electrical conductivity in comparison to all other metals, is also used in 5G devices, circuit boards, electric vehicles, electrical contacts and solar panels, among other devices.
For all its uses and applications, the full process of extracting the mineral isn’t well known. We discuss this extraction and refining process of this metal, which is growing in demand, below…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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EU Regulators Boost the Renewables Sector
The European Commission, which is the regulatory arm of the European Union (“EU”), has modified the regional block’s energy law with an aim of setting targets for the use of sustainable forms of energy in the heating, cooling and transportation sectors. The new plan mandates member states to reduce the emissions from new vans and cars by 65% before the end of 2035 when compared to the levels of emissions registered in 2021. Thereafter, countries are expected to cut emissions by 100 percent in comparison to the levels of 2021.
The enhanced emissions law also came with additional rules asking governments to ramp up the establishment of EV charging infrastructure…
NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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PwC Says Higher ESG Scores Correlate with Superior Mining Stocks Performance
Earlier in June, Andries Rossouw of PwC Africa Mining released a statement noting that during the peak of the coronavirus pandemic, mining companies with higher environmental, social and governance (“ESG”) ratings surpassed the broader market to deliver a 34% average total shareholder return, which is 10 points higher than the general market index. Companies with higher ESG ratings are showing stronger long-term performance in market and shareholder value, as they continue to attract premiums on low-carbon inputs and benefit from capital access at lower interest rates.
This data was obtained from the annual review of the top-40 mining companies compiled by PwC, which examines the global trends in the mining industry…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Update Regarding Mexico Litigation
Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has provided an update on litigation involving the company’s subsidiary San Pedro Resources SA de CV. The litigation is regarding part of the Evolución property in Zacatecas and was first disclosed in 2019. The company is confirming that, as it reported in July, San Pedro’s appeal to the federal courts of Mexico in respect of the litigation was dismissed, despite the lack of evidence, facts or law to support this outcome. The company has received the formal written decision regarding the appeal; the decision, which is not subject to further legal appeal, appears to uphold the judgment granting the plaintiff an award of approximately $23 million. “These court decisions are the product of rank corruption and are a black mark on the judicial system of Mexico,” said Excellon Resources president and CEO Brendan Cahill in the press release. “The value ascribed in the judgment is impossible based on evidence, facts or law. Simply put, the maximum value realizable by the plaintiff from the agreement on La Antigua was US$500,000 in the best-case scenario, yet the Miguel Auza Mine was shut down in 2008 almost immediately after operations commenced. We continue to pursue avenues through our labor, community and government relationships and are investigating remedies under international law. In the interim, San Pedro continues to operate in the ordinary course. We do not expect this decision to impact any of our other assets, including Platosa, Kilgore, Oakley and Silver City. Additionally, to realize on the judgment, the plaintiff will need to contend with the interests of the 90 people San Pedro employs in the town of Miguel Auza and the economy of northern Zacatecas.”
To view the full press release, visit https://ibn.fm/c7Sxm
About Excellon Resources Inc.
Excellon Resources has a vision to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes the following: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany, with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. For more information about the company, please visit www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Poll Forecasts Increase in Price of Gold Before Plateauing in 2022
Last week, Reuters conducted a poll with results predicting that the price of gold would average slightly above its present level of $1,830 per ounce for the remainder of this year before declining in 2022, as central banks begin to tighten their monetary policies and the global economy recovers.
The price of this precious metal, which is historically considered to be a good store of value and a safe haven by investors, hit record highs of more than $2,000 per ounce at the onset of the coronavirus pandemic before dropping as economies reopened…
NOTE TO INVESTORS: The latest news and updates relating to First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) are available in the company’s newsroom at https://ibn.fm/FEMFF
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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The Royal Mint Finds More Young Investors Interested in Gold Investments
The Royal Mint recently released a statement reporting that it had observed a fivefold increase in the number of young investors partaking in gold investment. The Royal Mint, which produces coins for the United Kingdom and is fully owned by the Treasury, stated that young investors who were attracted to its new digital platform were focused mainly on gold investment. These investments are financed by gold that is stored in the mint’s vaults.
Gold is popular among investors across the globe, especially during times of uncertainty, such as during the coronavirus pandemic…
NOTE TO INVESTORS: The latest news and updates relating to Asia Broadband Inc. (OTC: AABB) are available in the company’s newsroom at https://ibn.fm/AABB
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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IDTechEx Report Finds Interest in Vanadium Growing Even as Alternatives Hit the Market
The vanadium redox flow battery (“VRFB”) is the first battery of its kind to be commercialized and is gaining popularity in the global energy storage system market. The most recent report on redox flow batteries by IDTechEx show that redox flow batteries will be adopted extensively in the near future, as interest in it grows.
The large adoption of redox flow battery systems doesn’t imply that lithium-ion batteries will cease to exist in the market but that both systems will be addressing different needs…
NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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Rising Metals Prices Trigger Renewed Interest in Zombie Mines
A mine located in Bosnia and Herzegovina may soon resume silver production, after a more than three-decade hiatus, following years of civil unrest. Paul Cronin, CEO of Adriatic Metals Plc, which is the mining company that will be handling this project dubbed the Vares project, reveals that the silver mine could begin production by next year’s end. This is part of an emerging trend that involves resuming operations in “zombie” mines that halted production due to various reasons including political unrest, owner bankruptcy or weak prices.
In an interview, Cronin, a former investment banker, stated that some of these mines, which were abandoned and are scattered across the globe, created potential environmental issues that need to be addressed…
NOTE TO INVESTORS: The latest news and updates relating to Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) are available in the company’s newsroom at https://ibn.fm/EXN
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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US Report Forecasts Demand for Nuclear Microreactors
The Global Market of Microreactors report centers on the potential of microreactors and the future international microreactor market, evaluating their potential deployment and unique capabilities in certain international markets in the period between 2030 and 2050. The report observes that the coming years will see a growing demand for nuclear microreactors in key markets around the world.
The study utilized various techniques to analyze rising market trends and rank markets in more than 60 nations, including newcomer countries and current users of nuclear energy in order to obtain various potential demands…
NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Results of Augustus Lithium Drill Hole
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has announced the results of drill hole LC21-15 from its Augustus Lithium Property in Quebec, Canada. According to the announcement, the drill hole intersected a four-meter-wide zone with 1.27% lithium oxide at 62 meters drilled depth. The study indicated anomalous values of other rare metals: niobium, 100.45 parts per million (“ppm”); rubidium, 29.73 ppm, tantalum, 169.13 ppm; beryllium, 335.75 ppm; cesium, 36.48 ppm. The study noted that all Reported intersections were based on drilled width and hadn’t been converted to true width. FEMFF’s drill program is based on historical exploration data along with the company’s current surface trenching and sampling program, with several historical drill hole collars being used to help locate and orient current drill holes. First Energy began the current drill program on April 5, 2021, at its property located by Forage Hebert Inc., and the program has completed 22 drill holes thus far, resulting in a cumulative core drilling of 3,551 meters. The company noted that the drill core is being carefully logged and sampled at the core shack using a rock saw with field duplicates and blanks being inserted at an industry standard interval for quality control; another QA measure is samples being bagged and tagged following best practices. All samples have been sent to Ontario-based Activation Laboratories, an independent accredited ISO certified lab, for sample preparation and analyses.
To view the full press release, visit https://ibn.fm/4zcgy
About First Energy Metals Limited
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, please visit www.FirstEnergyMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
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