May 2024 - Page 2 of 4 - MiningNewsWire

TuesdayMay 21, 2024 11:15 am

Torr Metals Inc. (TSX.V: TMET): Shaping the Future of Precious Metals with Gold and Copper

Central banks bought 290 metric tons of gold during Q1 2024, while copper prices continue to climb as part of the green energy transition Torr Metals has three highly prospective Canadian gold and copper projects including Kolos, a major intrusive complex considered the last remaining to be tested in the southern Quesnel Trough with similarities to the Copper Mountain porphyry deposit; and Filion, an underexplored gold-bearing greenstone belt adjacent to the Trans-Canada Highway in northern Ontario TMET insiders are holding tight, controlling about 40% of the company’s outstanding shares as the stock enters a new uptrend The global market is…

TuesdayMay 21, 2024 10:30 am

GEMXX Corp. (GEMZ) Expands to Oil and Gas Exploration Ventures, Creating New Strategic Partnerships in Industry

In an expansion of operations, GEMXX plans to finance the exploration of extensive oil reserves, specifically targeting giant fields with reserves of 500 million barrels and super-giant fields with over 3 billion barrels located primarily in Latin America By leveraging a comprehensive network in the oil and gas sector, GEMXX plans to develop strong strategic partnerships and secure funding to propel exploration efforts quickly GEMXX has also announced Richard Clowater as the new Chief Executive Officer and Chairman of the Board, and the appointment of Deane Preston to its Board of Directors, effective May 15, 2024 GEMXX (OTC: GEMZ), an…

MondayMay 20, 2024 10:30 am

Torr Metals Inc. (TSX.V: TMET) Forges Ahead: Reinforcing Strategic Stance Amid Copper Trade Constraints

Recent bans on Russian-origin metals raise concerns of tightening supply and price increases through 2025 Copper is used in solar panels, wind turbines, and electric vehicles, crucial for the renewable energy industry due to its conductivity and durability Copper prices are expected to hit $12,000 this year according to recent Goldman Sachs report TMET is advancing three copper and gold exploration projects: Kolos Copper-Gold Project, Filion Gold Project, and Latham Copper-Gold Project; that were strategically acquired due to geological settings akin to regional mines in British Columbia and Ontario, suggesting multiple potentials for major new discoveries adjacent to established infrastructure…

MondayMay 20, 2024 10:00 am

US Spends $174M in March on Russian Fertilizer Imports

According to RIA Novosti data, American companies spent $174 million in March 2024 on fertilizers imported from Russia. These purchases depict a 10% increase from those recorded in February. RIA Novosti is a Russian news agency owned by the Russian government. According to the agency’s data, the proportion of fertilizers imported from Russia has grown to 17.1% from a year ago when the fraction stood at 9.7% of all fertilizers imported into the United States. The current figures show that Russia is now second to Canada, which is the leading exporter of fertilizers to America. Potash fertilizers sourced from Russia…

MondayMay 20, 2024 9:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Updates Storm Copper Project Exploration Strategy

CNN report notes that “after thousands of years of use, copper continues to play a key role in the global economy and human development” Copper mining stocks are not only one of the easiest ways for investors to gain exposure to the copper market, but they also tend to leverage rising metals prices With its 20% interest carried to production in the Storm Copper Project, Aston Bay and its investors may be looking at money in the bank with the project With the copper market heating up, increasing numbers of investors are looking for opportunities in copper. CNN has even…

MondayMay 20, 2024 9:30 am

Did Institutional Investors Drop The Ball With McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)?

Mid-cap mining company, McEwen Mining (NYSE: MUX) (TSX: MUX) recently reported its first quarter results for 2024. (https://ibn.fm/ZDZ5U). It wasn’t a stellar quarter for the company’s gold/silver/copper operations. However, in pricing in this news it appears that the market and institutional investors, in particular, took their eye off the ball here – and lost track of the Big Picture. The Big Picture right now for McEwen Mining is McEwen Copper. McEwen Copper is a private company, with ownership roughly split between McEwen Mining (47.7%), institutional investors (33.9%), and other major investors including Rob McEwen himself (12.9%). For those not already…

FridayMay 17, 2024 10:00 am

Why Japanese Are Struggling to Wean Off Coal Use

Last month, the G7 countries including Canada, the United States, Italy, Germany, France, the United Kingdom and Japan agreed to phase out coal use by 2035. While this is a commendable goal to work toward, some members of the coalition are already showing that it could be a tall order to hit that target. Japan is one such country that is likely to struggle. It has the wealth, so money is unlikely to be the issue. The country also has the technology, so the argument that it may not have the know-how is moot. For starters, Japan imports 94% of…

ThursdayMay 16, 2024 10:30 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Sees Developing Kenbridge Nickel Project as a Highly Cost Effective, Modest Capex Source, for Critical Mineral Market

Tartisan Nickel Corp., a Canadian mineral and battery materials exploration and mining development company, is looking to carve out a significant market share in the global nickel mining market It looks to achieve this by banking on its flagship Kenbridge Nickel Project, which has shown significant potential, as evidenced in the recent preliminary Assessment Report (“PEA”) Its management has expressed its confidence in the value of the project and the potential to expand the mine’s life, offering a rich source and modest capex compared to other deposits Tartisan Nickel (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA), a Canadian mineral and battery…

ThursdayMay 16, 2024 9:45 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Is ‘One to Watch’

Tier 1 Jurisdiction: The flagship Duquesne West Gold Project is located in the heart of Rouyn-Noranda – a prolific mining district Historical Inferred Mineral Resource Estimate: 727,000 ounces of gold at a grade of 5.42 g/t and an average thickness of 5.71 meters in 4.171 million tonnes* Fully Funded Drill Program: Expected to begin in Q2 2024 and will focus on the new open pit model Strategic Investor: Rob McEwen, founder of Goldcorp, recently invested C$1M investment, now owning 8% of the company AI – Machine Learning: Used to create the first 3D and geological models in record time Long term objectives: Continue to develop the…

ThursdayMay 16, 2024 9:00 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), Other Mineral Exploration Companies Watching 2024 Budget Impact

Canada’s 2024 budget builds upon earlier commitments to mining industry, strategy Changes to the Mineral Exploration Tax Credit have potential to impact mining exploration Aston Bay, other mining companies make up Canada’s mining industry, which is a major sector of the country’s economy Last week Canada officials released the official budget, which included a mix of measures that will impact the country’s mining and mineral exploration sector (https://ibn.fm/91cP2). Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Canada’s Nunavut territory, may be impacted by the announcement, along with other Canada-based…

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Month: May 2024