February 2024 - Page 2 of 2

TuesdayFeb 13, 2024 9:45 am

GEMXX Corp. (GEMZ) Anticipates Significant Growth over the Next 24 Months on ‘Tremendous Potential’ in Ammolite and Gold Markets

GEMXX expects the growing demand for Ammolite, coupled with the positive outlook for gold prices, to support significant growth over the next 24 months Last year, GEMXX moved to complement its Ammolite operations with the purchase of gold assets in Canada The price of gold has held steady above US$2,000 per ounce, coming off a record-breaking 2023 when it rallied to a record-high year-end close The future looks promising for gold because it is projected to reach new highs in the coming months, according to GEMXX The price of an ounce of gold rallied to a record high year-end close…

MondayFeb 12, 2024 11:30 am

Weakening Chinese Economy, Geopolitical Tensions Push Gold Prices to Record Levels

A new report by the World Gold Council shows that in 2023, the demand for gold hit new highs as a slowdown in China’s economy and geopolitical tensions drove investors to the precious metal. Last year, total gold transactions came to 4,899 tons, a slight increase from 2022’s figure of 4,741. In December 2023, the price of gold stood at $2,100 per ounce as retail investors and central banks increased their gold purchases. The biggest drivers of the metal’s demand were the Israel-Hamas conflict, the Russia-Ukraine war and China’s weak economy. The global head of central banks at the World…

FridayFeb 09, 2024 11:30 am

NextSource Announces Progress at Its Madagascar Graphite Mine

NextSource Materials Inc., a battery materials development company, recently gave an update on the commissioning process at its southern Madagascar graphite mine. The property, Molo Mine, began producing graphite in June last year. The Toronto-based company’s objective is to become a global supplier of battery minerals via the mining and value-added processing of minerals, particularly graphite. The Molo graphite mine is one of the biggest and highest-quality graphite resources in the world. It is also the only mine with SuperFlake graphite. The mine, which already commenced phase 1 operations, is focused on increasing production in an effort to achieve its…

FridayFeb 09, 2024 10:30 am

China Rare Earths ‘Crisis’ Spells BIG Opportunity

We’ve known this was coming, for a very long time. For well over a decade, various experts have been warning governments and industry about global over-reliance on China for the supply of rare earth elements (REE). Now, this day of reckoning has arrived. Beginning in the spring of 2023, China first “threatened” to impose restrictions on the export of some rare earths. Just recently, China passed a law that could reduce its exports of critical REE. However, you don’t have to be Chinese to see “crisis” and “opportunity” as being two sides of the same coin. Fortunately, a number of…

ThursdayFeb 08, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Is ‘One to Watch’

In December 2023, Fathom Nickel launched a non-brokered private placement to accredited investors for proceeds of C$4.5 million In September 2023, Fathom drilled seven drillholes at the Gochager Lake project as a follow-up program to two drillholes drilled in February 2023; as of the end of 2023, Fathom drilled nine holes at the project amounting to ~2,800 meters Fathom Nickel in June 2023 announced completion of a non-brokered private placement to accredited investors for proceeds of C$3 million The company in June 2023 commenced geophysical survey programs at its Albert Lake and Gochager Lake nickel projects Fathom Nickel in September…

WednesdayFeb 07, 2024 11:15 am

Three Key Trends That Could Impact Rare Earths in 2024

A slew of developments and challenges significantly impacted the rare earth mining landscape in 2023. Rare earth elements or minerals are a group of different metallic elements that have a number of applications, including in consumer electronics, high-technology devices, renewable technologies such as electric cars, and the development of magnets for industrial and national security purposes. The sector experienced a surge of mergers and acquisitions, lower lithium prices, strategic action in the critical minerals sector by China, record gold prices and a challenging period for both nickel and cobalt. Below we look at factors that may affect rare earth minerals…

TuesdayFeb 06, 2024 9:45 am

Groups Want Coal Ash Regulated More Stringently

More than 150 public interest groups have called for tighter regulation of coal ash after the U.S. Environmental Protection Agency (EPA) published a proposed risk assessment revealing an elevated risk of cancer from coal ash radiation. The assessment revealed that there are additional radiation-related risks from coal ash use and included an arsenic draft toxicological assessment that found its cancer potency was 35 times higher. Coal ash is a residual material left after combusting coal for energy-generation purposes with a long history of being used as an additive in cement, grout and concrete as well as a filling material in…

MondayFeb 05, 2024 11:30 am

Catalyst Surface Study Could Revolutionize Fertilizer Manufacturing

Stockholm University researchers conducting an ammonia catalyst surface study have made a breakthrough that could revolutionize fertilizer manufacturing. The scientists studied the surface of ruthenium and iron catalysts during the formation of ammonia from hydrogen and nitrogen for the first time ever and published their results in the journal “Nature.” Their findings gave a deeper understanding of the catalytic process involved in ammonia formation and opened the door to the discovery of more efficient fertilizer materials. Ammonia is a critical base chemical in fertilizer production. It is typically produced via the Haber-Bosch process, a technique that has been referred to…

FridayFeb 02, 2024 12:58 pm

Recent Price Pullback Reaffirms Gold’s Bullish Trend

After several months of surging prices and rising investor interest, gold prices suffered a pullback during a recent sell-off. Fortunately, the pullback seems like a minor dip in gold’s bullishness that was driven mostly by modest gold futures selling. Similar periodic flares of bearishness are critical to keeping sentiment balanced as commodities such as gold experience an upleg. The precious metal has trended bullish for the past several months, thanks to increased investor interest in its safe-haven appeal. With the ongoing Gaza crisis triggering fears of a wider conflict that could impact global oil prices, investors are increasingly turning to…

ThursdayFeb 01, 2024 2:24 pm

Study Suggests Coal Could Find New Uses in Semiconductors

Researchers from the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) have found that coal may have applications in the electronics industry. NETL researchers have discovered a way of using coal in the semiconductor supply chain that could open the door to an era of 2D materials semiconductors. The research team created ultrathin insulating films using coal that have shown significant potential as an insulating material for 2D semiconductors. Silicon semiconductors have been used to build transistors for electronic devices for well over half a century. As the world’s demand for smaller and more powerful semiconductors has increased, so…

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Month: February 2024