MiningNewsBreaks Archive - Page 82 of 100

WednesdayMar 24, 2021 11:20 am

MiningNewsBreaks – Asia Broadband Inc. (AABB) Achieves All-Time High Annual Gross Profit of $16.8M

Asia Broadband (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, today announced its finalization of financial results for the year ending December 31, 2020. According to the update, Asia Broadband has achieved an all-time high annual gross profit of $16.8 million. Having recently received its final 2020 year-end price adjusted gold and silver sales revenues, the company will be publishing the annual report in the coming week. Asia Broadband’s accomplishment of its record profit milestone attests to the company’s successful mining operations established in 2020. AABB’s strategic growth focus has enabled…

WednesdayMar 24, 2021 9:43 am

MiningNewsBreaks – Northern Oil and Gas Inc. (NYSE American: NOG) Secures $140.2M in Underwritten Public Offering

Northern Oil and Gas (NYSE American: NOG) has closed an underwritten public offering of 14,375,000 shares of its common stock, including 1,875,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, Northern Oil and Gas secured approximately $140.2 million in gross proceeds, with each of the shares sold at the public offering price of $9.75. The company intends to use the proceeds to partially fund the cash purchase price of its recently announced pending acquisition of certain non-operated natural gas assets in the Appalachian Basin from Reliance Marcellus LLC (the “Reliance…

MondayMar 22, 2021 12:21 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces 2020 Results and Transformative Year, to Host Webcast on March 23, 2021

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, today reported its financial results for the year-ended December 31, 2020. The company also announced that it will host a video webcast at 4:00 p.m. ET (2:00 p.m. MT) on Tuesday, March 23, 2021, to discuss its 2020 financial results and other corporate initiatives. Interested parties should visit https://ibn.fm/qE1UK to register for and join the webcast and to access the presentation and viewer-controlled webcast slides. "2020 was a transformative year for Energy Fuels, as we worked on developing a rare earth business complementary to our core uranium…

MondayMar 22, 2021 10:57 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Secures $30.5M in Registered Direct Offering

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, has closed its previously announced offering of an aggregate of 10,000,000 shares of common stock of the company. Per an update released today, Uranium Energy secured gross proceeds of $30,500,000 in the registered direct offering, with each of the shares sold at a purchase price of $3.05. The company offered and sold the shares per a securities purchase agreement, dated March 17, 2021, with certain institutional investors. UEC intends to use the net proceeds for additional uranium purchases and for general corporate and working capital purposes.…

FridayMar 19, 2021 2:58 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Aims to Supply up to 50% of US Rare Earth Demand

Energy Fuels (NYSE American: UUUU) (TSX: EFR) expects to commence commercial production of rare earth elements (“REE”) in 2021 and is focused on supplying up to 50% of U.S. rare earth demand contained in a mixed REE concentrate over the next few years. The company set out to penetrate the REE market in April 2020 “to complement its core uranium product lines,” reads an article about UUUU’s growth. “Since the announcement of the expansion into REEs, the company has made significant strides, quickly becoming an emerging player in the space.” This growth is thanks to existing momentum. “After the initial…

WednesdayMar 17, 2021 2:33 pm

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Completion of Uranium Purchases, Additional Funding

Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, has secured 800,000 pounds of additional U.S.-warehoused uranium; the shipment is comprised of a delivery in April consisting of 500,000 pounds and a second delivery scheduled for December consisting of 300,000 pounds; this uranium purchase follows a previously announced acquisition of 400,000 pounds. In total, UEC now has contracts to purchase 1,200,000 pounds of U3O8 at a volume-weighted average price of $28.94 per pound. In addition, the company has entered into definitive agreements with institutional investors to purchase 10,000,000 UEC common shares at $3.05 per share. The registered direct offering, which…

WednesdayMar 17, 2021 12:27 pm

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Releases Annual, Q4 Financial Results

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) has released its financial numbers for the three- and twelve-month periods ended Dec. 31, 2020. Fourth-quarter financial and operational highlights of the report include a 41% increase in revenues from Q4 2019 ($9 million this quarter compared to $6.4 million in 2019); a gross profit increase of 37%, from a loss in Q4 2019 to $1.6 million in Q4 2020; an increase in silver production from 259,282 ounces in Q4 2019 to 355,581 in Q4 2020, resulting in the company’s strongest quarter of silver production since 2014. Fiscal year 2020 highlights included…

TuesdayMar 16, 2021 11:13 am

MiningNewsBreaks – Uranium Energy Corp. (NYSE American: UEC) Announces Balance Sheet Update, Physical Uranium Initiative

Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, today announced, in accordance with NYSE American requirements, the filing of its quarterly report on Form 10-Q for the six months ended January 31, 2021 with the U.S. Securities and Exchange Commission (the "SEC"). The Form 10-Q filing, which includes UEC’s condensed consolidated financial statements, related notes and management's discussion and analysis, is available for viewing on the SEC's website or the company’s website. "With $65.8 million in cash and equity holdings, UEC has the balance sheet strength to lead U.S. uranium production higher at the…

MondayMar 15, 2021 3:29 pm

MiningNewsBreaks – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) Reaches Key Milestone Considered Essential Success Factor

GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), a Canadian junior exploration company, looks poised to achieve success given its recent appointment of Chris Ford to the company’s advisory board. “Ford will be a significant contributor to the company’s Chilean operations,” reads an article discussing the appointment and GOH’s prospects. “The latest move is in line with GOH’s strategic ambition to attract robust talent pool as the company believes that essential to its success is the right people along with the right product and right timing enhanced by strong commitment. The latest addition to its supervisory board shows that GOH is poised…

MondayMar 15, 2021 10:58 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Announces Expansion of Silver City Project in Germany

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) has more than doubled its Silver City Project with the addition of three exploration licenses for Frauenstein, Mohorn and Oederan. The project now totals an estimated 34,150 hectares. The additional areas have historical records that show centuries of high-grade silver production to shallow depths and recent confirmation samples assaying multi-kilo silver and significant gold. Silver mining in the Frauenstein area, which totals 5,700 hectares, began as early as the 13th century with significant production of silver ranging from the early 1700s until the area closed in 1884. In Mohorn, also 5,700…

MiningNewsWire provides insights and opportunities in the mineral and mining sectors.

Contact us: (512) 354-7000

MiningNewsBreaks