December 2020 - Page 3 of 4

TuesdayDec 08, 2020 10:00 am

Defense Department Awards California Firm Grant For Rare Earth Element Extraction

The operator of the biggest rare element mines in the Western Hemisphere, MP Materials, was among three firms that received grants from the Department of Defense (DOD) on Nov. 17. These grants are centered on restoring the production of rare earth elements in the United States. The company uplisted on the New York Stock Exchange the day after receiving the grant. The Defense Production Act Title III grant, worth $9.6 million, was awarded by the Pentagon to the firm so it could start refining critical minerals at its California Mountain Pass mine. In an interview, MP Materials CEO James Litinsky…

MondayDec 07, 2020 1:41 pm

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Set to Benefit as Industrial Demand for Copper Surges in Wake of Renewable Energy Demands

Josemaria Resource’s flagship copper-gold-silver mine is expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life Copper is known for its varied industrial uses, particularly within renewable power generation sector A single wind turbine is said to utilize up to 4.7 tonnes of copper, while each MW of solar power energy employs over 5.5 tonnes of copper during installation Research suggests that global copper production will have to rise by 3-6% per annum over next ten years for countries to meet their targets under remits…

MondayDec 07, 2020 10:30 am

Utah Ranked as One of Top Mining States in Country

The multibillion-dollar natural resources industry in Utah is thriving, with copper being the most valuable metal extracted in the industry. The Utah Geological Survey (UGS) recently released a report on the state’s mining activities in the last year. Last year’s figures indicate a growth of 2.4%, which equates to more than $90 million. The most valuable metal mineral of the state is copper while the total value with regard to extractive resources, inclusive of gas and oil, is approximated at $6.5 billion. Mining takes up a huge chunk of this value — 60% of it — bringing the value of…

FridayDec 04, 2020 12:15 pm

Gold Production in Australia Drops

Despite the global coronavirus pandemic and its effects, the Australian mining sector has pushed on. In this year’s second quarter, April through June, miners in Australia yielded 95 tons of gold. This was a 10% growth from the first quarter output of 77 tons. However, in the third quarter of the year, the output of gold decreased to 81 tons, a four-ton decline from the quarter. The decline was mainly a result of lower output in some of the biggest gold mines in the country. Mining consultant firm Surbiton Associates, which specializes in gold, believes that despite this decline in…

ThursdayDec 03, 2020 10:30 am

EU Launches Initiative to Improve Raw Minerals’ Access

The European Union has set in motion a scheme whose aim is to help secure access to 30 fundamental raw materials. This will be done by promoting the recycling of critical elements, especially rare earth elements (REEs), and by growing domestic production. The collaboration of 300 governments, business associations and firms will help the European Raw Materials Alliance Center (ERMA) reduce Europe’s import dependence from resource-rich nations, particularly China. China is the main exporter for the EU’s rare earth elements, making up 98% of the union’s imports. Other countries that provide imports include Brazil, which provides the European Union with…

ThursdayDec 03, 2020 10:00 am

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Offers Strengths Investors Look For During Uncertain Times

“Gold Investing News” cites project quality, management experience as key factors contributing to succes Project quality is jurisdiction–related with transparent permitting, well-developed infrastructure being critical GOH operates assets in Chile and Canada, led by experienced management team An article published by “Gold Investing News” cites quality projects and strong management teams as major factors determining the success of junior exploration companies as they navigate economic downturns (https://ibn.fm/Attdv). GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF), a Canadian junior mining company, is well equipped with strength in both areas and is poised to capitalize on those strengths as investors seek de-risking in…

ThursdayDec 03, 2020 9:30 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Produces Rare Earth Carbonate Concentrate, a Milestone Moment for US

Energy Fuels has produced rare earth element (“REE”) concentrate on a pilot scale at wholly owned White Mesa Mill. The high-purity concentrate is ready to send to separation plant for final acceptance test work. Company used existing infrastructure and technologies, thereby avoiding years of permitting and development, as well as need for significant capital. Energy Fuels (NYSE American: UUUU) (TSX: EFR) has produced a rare earth element (“REE”) carbonate concentrate on a pilot scale at its wholly owned White Mesa Mill, located in Utah (https://ibn.fm/WImVU). This may be the first REE concentrate produced from monazite sands at any significant quantity…

WednesdayDec 02, 2020 10:00 am

Collaboration May Help Mining Firms Reap Benefits of Digitization

The mining industry as a whole has made great strides with regard to digitizing various mining site operations and processes. This offers mining firms many benefits, including the reduction of operation costs of the mine. These measures also optimize a mine’s major assets, allowing the goals and objectives of a mine to be predicted and monitored easily. This progress also allows mines to keep track of their operating assets, ensuring that they remain undamaged. Digitization also allows mine operators to redistribute the water used in one process. This helps minimize effluent discharge volumes as well as the mine’s water intake.…

TuesdayDec 01, 2020 3:05 pm

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) Leverages Key Strengths Essential in Today’s Mining Sector

David Elliott, industry veteran and member of Canadian Mining Hall of Fame, cites right people, right science as key factors to mining success Elliott finds certain jurisdictions, including Canada and South America, compelling mining locations Led by industry-seasoned professionals and operating in Canada and Chile, GoldHaven Resources appears well positioned to respond to mining investors' demands During an interview at the recent Global Mining Symposium, David Elliott, a new member of the premier Canadian Mining Hall of Fame, noted that the right people and the right science are critical elements that investors look at when determining which mining companies to…

TuesdayDec 01, 2020 11:09 am

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Releases Q3 Financial Results, Corporate Highlights

Financial report notes working capital of $44.7 million at end of Q3 2020, increase of 17% over Q2 2020 Key quarter highlights include becoming debt-free, progress on rare earth elements (“REEs”) CEO reports company making “significant strides in the last quarter on our uranium, rare earths and other initiatives” Energy Fuels (NYSE American: UUUU) (TSX: EFR) has released its financial results for the quarter ended Sept. 30, 2020, as well as a corporate update (https://ibn.fm/dZn68). In addition to being debt free, the report noted that the company had working capital of $44.7 million at the end of Q3 2020, which is an increase of 17%…

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Month: December 2020