August 2024 - Page 2 of 3 - MiningNewsWire

MondayAug 19, 2024 9:45 am

Canada’s Resource Rich Future: Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Taking Canada Beyond Oil & Gold

Canada is recognized globally as an oil and gold powerhouse, but the country is also a world leader in other metals, a trend that looks to be gaining steam With strategic acquisitions, Fathom Nickel has assembled a dominant land position in Saskatchewan’s Trans-Hudson Corridor, positioning the company to become a leading nickel provider in the sustainable energy market Data continues to show mineralization open on strike and at depth, with evidence that the deposits may be interconnected as part of one massive system A surge in exports in June confounded pundits that called for Canada to experience a fourth straight…

FridayAug 16, 2024 10:30 am

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Is ‘One to Watch’

Operator of flagship Waterberg PGM Project located in South Africa, which is home to 70% of platinum and 35% of palladium global mine production in 2023 Over $89M invested to date in exploration and feasibility engineering since initial discovery in 2011 The Waterberg Project has proven and estimated reserves of 19.5 million ounces of PGMs and gold with a projected production life of 45 years Partnered with major integrated PGM producer Impala Platinum Holdings Ltd. and Japanese consortium HJ Platinum, which includes trading house Hanwa Co. and the government-backed Japan Organization for Metals and Energy Security A 2019 Definitive Feasibility…

FridayAug 16, 2024 10:00 am

US Data Lifts Market Optimism, Gold Price Rebounds

Following a recent surge, the price of gold has shifted, with new data supporting a broader market rally while alleviating concerns about a possible hard landing for the U.S. economy. Last week, bullion for immediate delivery recorded a 1.9% rise, a huge recovery from the almost 3% decrease it recorded during its losing streak. This rebound was observed after the U.S. Department of Labor released data reporting the largest reduction in unemployment benefit applications in almost 12 months. This development has increased optimism that the Central Bank may start easing monetary policy as early as September while steering clear of…

ThursdayAug 15, 2024 9:00 am

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Is ‘One to Watch’

Renforth Resources Inc. is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties in Canada The company holds gold and battery mineral resources in Quebec’s mining heartland Renforth Resources in July 2024 resumed exploration on its Parbec Gold Deposit, consisting of a surface soil sampling and prospecting campaign The company in July 2024 received a C$262,500 grant from the Province of Quebec to identify and study the metallurgical characteristics of the Victoria mineralization Renforth Resources (CSE: RFR) (OTCQB: RFHRF) is an active mineral exploration company engaged in the exploration and development of the company’s wholly…

WednesdayAug 14, 2024 10:00 am

Q2 Saw Tech, Industry Demanding More Gold, WGC Data Shows

Data released by the World Gold Council shows that in the second quarter, the demand for gold from tech and industry continued rebounding. Industrial and technology applications consumed more than 80 gold tons this past quarter, representing an 11% increase year-on-year. This rise pushed up the demand for gold for the first half of 2024 to 162 tons. In the tech industry, the field of electronics was the main driver of gold demand. This comes as the demand for chips used in applications such as computing and artificial intelligence (AI) continued to increase. During this quarter, the sector also recorded…

WednesdayAug 14, 2024 9:00 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF): A Canadian Junior Mining Company on the Hunt for Nickel Riches

The Trans-Hudson Orogeny (Corridor) stretches hundreds of kilometers across North America and includes a long history of successful mines, while remaining highly underexplored Fathom Nickel owns the commanding land position in the Rottenstone Domain region of the Trans-Hudson Corridor, with 122,000+ highly prospective hectares Fathom Nickel projects include the past-producing Rottenstone Mine, multiple high-grade deposits that remain open in all-directions, mineralization that the company continues to prove via surveys and drilling Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is a Canadian junior mining exploration and development company focused on acquiring, exploring, and developing high-quality nickel, copper, and cobalt deposits.…

TuesdayAug 13, 2024 10:30 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Q2, H1 Financial Results, Key Update on Argentinian Mining Project

This has been the company’s most profitable quarter in the last eight years, according to CEO Rob McEwen Revenue was up 38%, driven by an increase in gold prices and the amount of gold equivalent ounces sold Infill drilling at Los Azules copper project has been completed, confirming the geological model and the high-grade zone New Argentinian legislation designed to facilitate foreign investment is expected to significantly improve the economics of the Los Azules project and lower risks for investors McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer in the Americas with a large…

TuesdayAug 13, 2024 9:45 am

Torr Metals Inc. (TSX.V: TMET): A Rising Star in the Next Big Exploration Play

Torr Metals is lighting up the map by advancing three high-potential copper and gold projects in Canada, all located in prime mining jurisdictions with increasing M&A activity by major mining companies Each of Torr’s projects boasts key traits sought by majors: high-grades, prime location, robust infrastructure, full project ownership, and significant scalability The company’s assets are situated near major mining operations, including Canada’s largest open-pit copper mine at Highland Valley, within regions rich in mining history and established infrastructure With projects positioned in some of Canada’s most prolific mining regions, Torr Metals is well-placed to attract attention from industry giants…

MondayAug 12, 2024 10:00 am

China Controls Graphite Supply Chain, a Concern for Energy Transition

Graphite is a crucial element in li-ion batteries used in electric cars and energy-storage devices, among others. The element is mainly produced by China, which has a monopoly over the battery production, refining and export. Currently, China refines more than 90% of the graphite used in electric-vehicle batteries. Most of the global supply of this element is concentrated in China, Brazil and Turkey. This dominance by the east Asian country is worrying many, particularly those aiming to diversify their supply chains. Last year, Beijing included graphite on its list of items that need an export license. This has been interpreted…

FridayAug 09, 2024 10:00 am

US Coal Stocks Reach Highest Level Since 2020

Latest data released by the Energy Information Administration shows that electric power plants in the United States held 138 million tons of coal by May’s end. According to the agency, this is the highest level since the drop in the demand for coal and power recorded at the beginning of the pandemic in 2020. Overall, the share of coal used to generate power in the country over the last couple of years has greatly decreased. This has, in turn, caused coal stocks at power plants to plunge from record highs. For instance, the power sector in America used 385 million…

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Month: August 2024