Mining Stocks Archives - Page 9 of 156

MondayDec 16, 2024 9:30 am

US Defense Department Unveils Initiatives to Expedite Adoption of AI Technologies

The Chief Digital and AI office at the Pentagon has launched a rapid fielding effort to pave the way for different initiatives geared at expediting the DoD’s adoption of AI capabilities. Different units within the Pentagon will work together on an initial four AI pilot projects looking into how generative AI can be integrated into DoD enterprise management and warfighting use cases. These four pilot projects form part of the Pentagon’s wider plan to leverage emerging technologies, so that major enablers in the Department of Defense and those who fight wars can benefit from the advantages that these technologies are…

FridayDec 13, 2024 10:00 am

Feds Move Closer to Authorizing Zinc Mine Expansion in Alaska

The Red Dog Mine in Alaska has, for years now, remained underutilized as its Canadian operator awaited a federal permit to access new ore deposits. Earlier this week, the United States Army Corp of Engineers approved the permit for this mine, authorizing its operator to construct infrastructure like roads to reach new zinc prospects. An agency spokesperson, John Budnik, revealed that Teck Resources Limited first filed a permit application in 2018, before withdrawing it in 2019 as it was missing required data linked to historic preservation. In 2022, the operator submitted the application again. The operator manages the mine via…

ThursdayDec 12, 2024 10:00 am

Gold’s Price Rises as the Chinese Central Bank Resumes Bullion Purchases

The price of gold rose by nearly 1% after the People’s Bank of China added gold to its reserves for the first time in more than 6 months. In the same period, the Bloomberg Dollar Spot Index remained steady while spot gold saw its price hit $2656.72 per ounce, representing a 0.9% increase. Silver, palladium, and platinum also recorded strong gains in their prices. This comes as the ruling dynasty in Syria collapses, further contributing to the instability being observed in the Middle East. Israel continues to target civilians across Gaza, with ongoing military operations intensifying as the days go…

TuesdayDec 10, 2024 10:00 am

Mining Giants Usha, Rio Tinto and Taseko Move to Address Copper Supply Shortage

Copper is a critical metal needed for everything from wind turbines to batteries for electric vehicles. Estimates expect that by 2025, the supply deficit of copper will have surpassed 200,000 tons. This comes as more individuals globally adopt the use of electric vehicles and more countries pivot to renewable energy. The International Energy Forum argues that to meet increasing demand for copper, over one billion tons of new mining capacity will be required annually until 2050. On average, copper mines need about 20 or so years to come online. With copper mines usually needing years before production can commence, sustained…

TuesdayDec 10, 2024 8:45 am

Former PayPal COO to Head White House Crypto and AI Desk

On Thursday, the incoming U.S. President Donald Trump revealed that David Sacks, a former Chief Operations Officer at PayPal Holdings Inc. (NASDAQ: PYPL), had been chosen to be the “White House AI and Crypto Czar.” This announcement marks the latest step that the President-elect has taken in his bid to overhaul American policy on various industries and sectors. Using Truth Social, a social media platform owned by Trump, the President-elect explained that Sacks would be tasked to formulate a framework through which the cryptocurrency industry would get the regulatory clarity it had been yearning for. Such a framework, Trump added,…

TuesdayDec 10, 2024 8:00 am

Filion Gold Project: At the Forefront Setting the Stage for the Next Breakthrough Discovery

Torr Metals’ Filion Gold Project is strategically located in a prolific gold-endowed region of northern Ontario, offering 42 kilometers of untapped exploration potential along the Filion Fault Recent advancements include the completion of a comprehensive ~9 km2 surface sampling program and initiation of ground magnetic and VLF-EM geophysical surveys, designed to identify and prioritize high-value drill targets With both Filion West and East permitted for drilling, Torr is poised to advance toward a pivotal phase in uncovering potential brand-new district-scale gold discoveries Gold is often seen as a symbol of wealth and stability, serving as a hedge against economic uncertainty and…

MondayDec 09, 2024 8:00 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports that Recent Exploration Successes ‘All Point to Untapped Potential’

Copper is projected to be a sought-after commodity, driven by diverse applications in clean energy, electric vehicles (“EVs”) and sustainable infrastructure. Amid growing demand, exploration companies such as Aston Bay are intensifying their efforts to discover new copper reserves. Exploration efforts continue to deliver discoveries at Storm Project. Copper, often referred to as the “metal of electrification,” plays an indispensable role in the transition to a more sustainable and energy-efficient future. As the world intensifies its commitment to reducing carbon emissions and embracing renewable energy, the demand for copper is set to soar. The recent discovery of new copper targets…

FridayDec 06, 2024 10:00 am

HEG, Graphite India See Major Stock Gains as China’ Graphite Export Curbs Expand

Earlier this week, the Chinese government announced a ban on the export of gallium and germanium to the United States. The announcement by the Chinese government was made in response to America imposing new export restrictions that target the East-Asian country’s ability to manufacture advanced semiconductors. This crack down affected more than 100 Chinese firms, including SiCarrier and Piotech, which manufacture advanced chips. The East-Asian country has also made the decision to apply a stricter review of its graphite exports to America. This has seen share prices for top graphite electrode manufacturers in India surge, with investor interest in Graphite…

FridayDec 06, 2024 8:00 am

Sam Altman Expresses Confidence in the US Leading the AI Race

Sam Altman, the CEO of OpenAI, has voiced his confidence in President-elect Donald Trump supporting the AI sector and ensuring that America, together with its allies, retain pole position in this nascent industry. Altman was speaking during a recent interview with Fox News. During the interview, Sam Altman highlighted the fact that support in the form of massive infrastructure needed to be directed to the artificial intelligence industry. Altman added that he was certain that the incoming administration would provide this needed support. He reiterated that the massive infrastructure was necessary to enable the U.S. to stamp its leadership on AI technology and AI…

ThursdayDec 05, 2024 10:00 am

Gold Retreats as the USD Strengthens

The price of gold dropped as the greenback’s value rose, with France’s National Rally Party led by Marine Le Pen announcing that it was willing to support a no-confidence motion against the government led by Prime Minister Michel Barnier. This is based on disputes over the proposed budget for next year that would see taxes hike and spending reduce in a bid to reduce the country’s deficit. This has in turn, added more pressure on French government bonds and the euro. On the other hand, the greenback is being strengthened by the U.S. president-elect’s rhetoric on BRICS nations, with Trump…

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