August 2023 - Page 3 of 4 - MiningNewsWire

TuesdayAug 15, 2023 9:00 am

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) May Become Vital Cog in Tin’s Tenuous Supply Chain

Tin has become an increasingly important commodity within the renewable energy supply chain Nonetheless, supply of the commodity is heavily concentrated, with over 60% of global supply accounted for by only three nations The metal’s tenuous supply picture was most recently on display in early August when militia officials in Myanmar – the third largest global tin producer – unilaterally shut down many of the country’s tine mines Eloro Resources’ Iska Iska deposit may emerge as one of the most significant contributors to global tin supply in the coming years, with the company set to publish their inaugural NI 43-101…

MondayAug 14, 2023 3:15 pm

Coal Plant Approvals in China Exceed 50 GW in 2023, Reports Greenpeace

Most countries have pledged to phase dirty fuels such as coal out of their energy mixes over the next couple of decades as part of global efforts to reduce carbon emissions and combat climate change. However, experts are worried that China’s recent return to coal may harm global climate change goals in the long term. A recent report by Greenpeace has revealed that the Eastern Asian nation has approved the production of more than 50 gigawatts of new coal power in the first half of the year, a clear indicator that China doesn’t plan to ditch coal-generated energy any time…

MondayAug 14, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Moving to Become the Leading Metal Separation Products and Services Provider, One Investment at a Time

Ucore recently announced the closing of the first tranche of its previously announced private placement offering of units of the company On June 6, the company announced that the U.S. DOD had awarded it a $4 million project grant Together, these moves bolster Ucore’s working capital and continue to stamp its position as a leader in its space Through its investments, Ucore is inching closer to taking over the global rare earth elements market, which is expected to hit $5.6 billion by 2025 Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company engaged in the exploration for and separation and…

MondayAug 14, 2023 9:45 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Unique Strategy Ideally Suited for Growing Tellurium Sector

Recent report projects estimated growth of tellurium market at CAGR of 3.41% between 2022 and 2027 Growth is tied to increased demand from the consumer electronics industry Company’s unique approach offers significant advantages over larger mines With recent market projections showing steady growth in the tellurium market (https://ibn.fm/11Lg4), First Tellurium’s (CSE: FTEL) (OTCQB: FSTTF) small-mine, phased-approach strategy is sure to strengthen the company’s position in the growing space. “The tellurium market is estimated to grow at a CAGR of 3.41% between 2022 and 2027,” a 2023 Technavio analysis study reported. “The size of the market is forecast to increase by 83.72 MT.” The report…

FridayAug 11, 2023 3:12 pm

WGC Official Discusses Gold’s Price Drivers

The World Gold Council’s market strategist and head of Americas Joe Cavatoni recently discussed the primary drivers of gold prices in the podcast “What Goes Up.” Gold typically sees increased demand during times of political and economic upheaval as investors try to preserve the value of their assets while fiat currencies such as the dollar depreciate. However, gold prices have trended lower than usual in recent years despite the occurrence of significant economic and political upheavals that would have traditionally pushed gold prices up. Prices spiked toward the end of 2022 and early 2023 as central banks around the world,…

FridayAug 11, 2023 9:00 am

Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Leading Out in Sustainably Producing Nickel for Growing Steel Space

A Fortune Business Insights report states that the global stainless steel market is projected to grow from $204.17 billion in 2022 to $298.85 billion in 2029 Nickel is one of several components that form a powerful stainless steel alloy Canada Nickel is focused on sustainably producing the critical minerals needed for a low-carbon future As the stainless steel market rebounds from COVID-19 slowdowns, Canada Nickel Company (TSX.V: CNC) (OTCQX: CNIKF) is working on advancing the next generation of high-quality, high-potential nickel-cobalt projects to deliver the metals needed to feed the high-growth stainless steel market. The company is particularly focused on…

ThursdayAug 10, 2023 2:06 pm

Exxon Mobil Looks to Join Lithium Mining

Exxon Mobil’s CEO has indicated that the oil and natural gas company is looking to join the electric vehicle craze by mining lithium, a key ingredient in electric vehicle batteries. While speaking to analysts about the company’s earnings recently, Exxon Mobil CEO Darren Woods said that the company is “actively exploring” the opportunity presented by lithium mining and likes what it has seen so far. Several countries have pledged to steadily electrify their roads over the next few decades as part of global efforts to fight climate change. Newer companies such as Tesla quickly captured the electric vehicle market by…

WednesdayAug 09, 2023 1:45 pm

Three Options the US Can Use to Break Loose from China’s REE Dominance

As the world transitions to a future where electric vehicles and green infrastructure will be key to the global economy, most developed countries are extremely apprehensive of China’s monopoly in the worldwide rare earth metals industry. China has currently captured close to 90% of the global rare earth metal supply and plays an overwhelmingly significant role in virtually every step of the supply chain. This monopoly allows the eastern Asian nation to exert its agenda on a global scale and limit supplies of crucial minerals to countries that don’t toe the line. With relations between China and the United States…

WednesdayAug 09, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO Addresses Critical Minerals Institute Summit II

Ucore is engaged in the exploration for and separation and scalable production of REEs in Canada and the US Ucore Chairman and CEO Pat Ryan recently presented at the Critical Minerals Institute Summit II, where he discussed the risk mitigation strategies Western countries could execute to disrupt China’s dominance in the REE space On its part, and having identified has identified the need and demand for US-based REE refining and processing facilities, Ucore is working on developing, upscaling, and commercializing RapidSX(TM) RapidSX(TM) is the company’s transformative advanced column-based solvent extraction technique for separating both light and heavy REEs; it offers…

WednesdayAug 09, 2023 9:00 am

First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Announces Strategic Steps in Fulfilling Mission to Supply Metals to NA Markets

“Milestone” uplisting gives company greater access, exposure to the crucial U.S. investment market The uplisting has drawn increased focus, credibility to company’s two flagship projects Partnership with IBN designed to strengthen First Tellurium’s presence in growing essential metals market First Tellurium (CSE: FTEL) (OTCQB: FSTTF) is taking key steps that reflect its growth and commitment to explore for — and provide — green and critical metals. Most recently the company announced that it had uplisting to the OTCQB venture market (https://ibn.fm/ZNYik) and had partnered with a veteran corporate communications consulting firm to strengthen the company’s news dissemination (https://ibn.fm/yE468). Upgrading to OTCQB will…

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Month: August 2023