July 2023 - Page 3 of 4 - MiningNewsWire

FridayJul 14, 2023 9:00 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Updates Corporate Presentation; Remains Focused on Upcoming Release of Mineral Resource Estimate

Eloro Resources recently published their updated corporate presentation online The company has been focused on its holdings within the Bolivian-based Iska Iska Property since 2020, with the site holding the potential of extensive silver and tin deposits Having successfully drilled over 120 holes within the site over the past three years, Eloro are now expanding their horizon to encompass the adjoining Casiterita property Eloro Resources are targeting the release of their initial mineral resource estimate (“MRE”) report later this year Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) is an exploration and mining company focused on developing its potential world-class Iska…

ThursdayJul 13, 2023 1:30 pm

Coal Project Funding Drops to Lowest Since 2010

A few years ago, coal use seemed to be on the decline. Several major economies had pledged to replace the dirty fuel with cleaner alternatives and were already shutting down some of their old coal-fired plants. Then Russia invaded Ukraine and plunged the world into chaos, exacerbating an ongoing energy crisis that caused prices to soar and left countries scrambling to find alternative sources of energy. The Kremlin blocking natural gas exports to the rest of Europe made the situation significantly worse and forced many European countries to return to their coal-power plants to shore up their energy supplies in…

ThursdayJul 13, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) RapidSX(TM) Technology Offers Best Solution for Current and Possible Future Chinese Export Restrictions

China has demonstrated their intension to weaponize access to critical metals, with restrictions on germanium and gallium scheduled for August, and rare earth metals used in permanent magnets could be next China accounts for 90% of the gallium and 80% of the germanium supply exports used in the United States and other European countries Gallium and germanium are two materials important for the production of semiconductor chips, and China’s control of the market makes it exceedingly difficult for secure production without a North American supply Ucore’s RapidSX(TM) technology utilizes similar chemistry to conventional SX and significantly improves the well-established, well-understood,…

WednesdayJul 12, 2023 5:25 pm

Resourcing Tomorrow, Accelerating the Energy Transition: Full Conference Agenda Out Now

Resourcing Tomorrow, taking place in London from November 28th to 30th has just launched the 2023 programme, dedicated to accelerating the energy transition and addressing the challenges of moving towards a cleaner, more sustainable future. Click here to download the full agenda. As we strive to obtain the commodities necessary for electric cars, wind turbines, and other new energy technologies, the world is facing complex supply issues. In our pursuit of the global net zero 2050 target, it is imperative that we find innovative solutions, and the mining industry will play a leading role in this. At Resourcing Tomorrow, experts from across the mining industry…

WednesdayJul 12, 2023 12:24 pm

Bullion Dealers Call for Clarification of State Tax Changes

Following a slew of penalty assessments by the California Department of Tax and Fee Administration (CDTFA) against bullion dealers, the California Coin and Bullion Merchants Association (CCBMA) is calling for clarification on state tax changes. California raised its exemption threshold for use and sales tax on bulk sales of non monetized silver or gold billion numismatic coins and monetized bullion after a review of data on inflation last October. Effective Jan. 1, 2023, the exemption threshold for the aforementioned taxes increase from $1,500 to $2,000. However, several bullion dealers did not adjust to the new rates, primarily due to limited…

WednesdayJul 12, 2023 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) 2023 PEA’s Proposed Base Case Development Strategy Expected to Measurably Reduce Environmental Impact of Mining Operations at Los Azules Project

McEwen Mining, an asset-rich diversified gold and copper producer that owns a 52% stake in McEwen Copper, recently released the results of an updated Preliminary Economic Assessment (“2023 PEA”) The 2023 PEA documented, among others, an updated independent mineral resource estimate and a base case development strategy that is distinctly different from that proposed in the 2017 PEA The recent PEA proposes the development of an open pit mine with crushing, heap leaching, and solvent extraction and electrowinning (“SW/EW”) facilities to process the mined materials, producing copper cathodes that meet LME Copper Grade A quality standards The updated development strategy…

TuesdayJul 11, 2023 2:36 pm

If Low Prices Persist, Zinc Production Cuts Could Increase

Zinc prices have been on a downward trend for several months, and they are expected to remain low until 2025 based on weak demand and oversupply. Even though the output from zinc mining and refining companies is growing, analysts expect demand for zinc to remain weak through the next few years, resulting in a cap on prices. Weak demand in the construction sector has been a major factor in the decline of zinc prices, with many miners making little to no profits as prices dipped under $2,400 a metric ton and stayed there for prolonged periods. By May 25, 2023,…

MondayJul 10, 2023 12:07 pm

Increasing Demand for Solar Energy Creating a Silver-Supply Deficit

Solar energy is poised to play a significant role in global efforts to roll out clean-energy infrastructure to replace dirty fuels such as coal and oil. Experts predict that solar energy will experience explosive growth over the next couple of decades as countries invest more in renewable energy, including solar and wind. However, the accelerating demand for solar energy is placing significant stress on the supply of silver, a metal that is critical in building new-gen solar panels. The precious metal is used in paste form to provide a conductive layer on the back and front ends of silicon solar…

MondayJul 10, 2023 11:15 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Is ‘One to Watch’

First Tellurium in June 2023 successfully uplisted from the OTC Pink Market to the OTCQB Venture Market First Tellurium has contracted for IP geophysics on its Deer Horn Project during summer 2023 to develop targets for a drilling program The company has engaged consultants to stake additional claims around its Klondike gold-tellurium project in Colorado Key applications for tellurium include high efficiency cadmium telluride solar panels, next-gen lithium-ion batteries, semiconductors, thermoelectric devices, phase-change memory chips and low-energy desalination The company plans to investigate and acquire other tellurium projects in North America First Tellurium (CSE: FTEL) (OTCQB: FSTTF) is committed to…

FridayJul 07, 2023 11:31 am

Decommissioned Coal Plants May Help Accelerate Energy Transition

If the world stays true to its green-energy and anticlimate-change agenda, coal use will inevitably die out. Several countries around the world are already taking steps to reduce their coal use in favor of cleaner forms of energy. In the United States alone, 173 coal-fired power plants in 33 states are slated to shut down by 2030 with another 55 plants scheduled to close from 2031 to 2040. However, decommissioned coal power plants may still serve a purpose even if their days of generating power on the grid are over. Since most of these power stations are still tied to…

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Month: July 2023