MiningNewsBreaks Archive - Page 9 of 100

ThursdayDec 12, 2024 8:00 am

MiningNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) Gains National Recognition with PyroDelta’s Innovative Thermoelectric Technology

First Tellurium (CSE: FTEL) (OTCQB: FSTTF) announced that its subsidiary, PyroDelta Energy, and its tellurium-based thermoelectric generator were featured in a USA Today article titled "How PyroDelta’s Thermoelectric Technology Could Change Energy Independence." The piece highlights the generator's ability to produce power without reliance on large batteries, solar panels, or the electrical grid. PyroDelta’s Director of Engineering, Michael Abdelmaseh, emphasized the device's scalability, versatility, and potential to address critical energy storage challenges. He also noted the generator's automotive application, which converts waste heat from engine coolant into electricity, replacing the alternator entirely. First Tellurium President and CEO Tyrone Docherty expressed optimism…

WednesdayDec 11, 2024 2:53 pm

MiningNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Committed to Advancing Gold Assets, Developing Critical Minerals Project

Companies operating in exploration and mining, such as Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), play a key role in discovering and supplying gold. Renforth recently strengthened its position in the gold space with an update on significant exploration advances at two of its properties. “We are encouraged by our continued exploration success, including the recent gold anomaly discovery at Beaupré and the promising visual results from our follow-up work at Parbec. These findings again demonstrate the potential of our properties; continued success in identifying gold mineralization, particularly in underexplored areas, speaks to the immense opportunity ahead,” a recent article…

MondayDec 09, 2024 2:38 pm

MiningNewsBreaks – Platinum Group Metals Ltd.’s (NYSE American: PLG) (TSX: PTM) Waterberg Project Poised for Robust Output Amid Increased Demand

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is emerging as a noteworthy player in the sector as interest in platinum continues to rise. “The company operates the Waterberg PGM Project, a large palladium and platinum deposit located in South Africa. Recently, Platinum Group Metals announced and filed with securities regulators an updated Independent Definitive Feasibility Study (‘2024 DFS’) for the Waterberg Project, which underscores its potential to meet the growing demand for these metals,” reads a recent article. “The 2024 DFS detailed several encouraging developments. First, the company reported a 20% increase in its proven and probable mineral…

MondayDec 09, 2024 12:55 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Adjusts 2023 Financial Statements, Reduces Reported Net Loss

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has reissued its 2023 consolidated financial statements to correct a classification error, reducing its net loss for the year to $43,842 from the previously reported $1,102,194. The adjustment stems from a foreign exchange loss on intercompany accounts, which under IAS 21 should have been recorded as other comprehensive loss rather than net loss. Despite changes to several financial statement line items, the company confirmed the adjustments have no impact on cash flows or the overall financial position. Quarterly statements for Sept. 30, 2024, remain unaffected. To view the full article, visit https://ibn.fm/PznTq About Trillion Energy…

FridayDec 06, 2024 9:59 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Launches $50 Million At-the-Market Equity Program

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) as entered into an equity distribution agreement with BMO Nesbitt Burns Inc., Beacon Securities Limited, and BMO Capital Markets Corp. to establish a new at-the-market equity program ("2024 ATM Program"). The program allows the company to sell up to $50 million in common shares through market-based transactions at prevailing prices, with proceeds designated for pre-construction site work and phase one development at the Waterberg Project, a Saudi Arabia smelter feasibility study, and general corporate purposes. The agreement is valid until December 2026 or until the $50 million cap is reached, with sales…

TuesdayDec 03, 2024 9:30 am

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Boosts Production with Successful Tubing Operation at SASB Gas Field

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has completed the installation of 2 3/8 velocity string tubing in four wells at the SASB Gas Field in Turkey, including three long-reach wells on the Akcakoca Platform. This operation aims to reduce water loading and enhance gas production by enabling wells to produce at lower wellhead pressures. Initial results show steady production improvements from Guluc-2 and West Akcakoca-1, while Akcakoca-3 continues with reduced water output. The next phase includes similar upgrades to two tripod wells, reservoir stimulation, and optimized choke adjustments to maximize gas recovery. Despite winter delays, Trillion anticipates a significant boost…

MondayDec 02, 2024 2:30 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Poised to Contribute Significantly to Global Copper Supply

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded company exploring for high-grade critical and precious metal deposits, is positioned for opportunity in the electrified world where the demand for copper is set to rise dramatically. “Copper’s unique conductive properties make it indispensable in virtually all electric systems. As society pivots toward renewable energy, copper’s role will become even more significant, as it is used extensively in wind turbines, solar panels, electric vehicles (‘EVs’) and power transmission,” reads a recent article. “To support this transition, companies such as Aston Bay are focused on discovering and developing new copper sources. Aston…

WednesdayNov 27, 2024 3:00 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Poised to Tap Explosive Growth of AI Industry

McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned for opportunity as artificial intelligence is rapidly reshaping the landscape of economies around the world. “Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade… As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are…

WednesdayNov 27, 2024 8:00 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Advances Plans for Saudi-Based PGM Smelter and Refinery

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) has signed a memorandum of understanding (MOU) with Ajlan & Bros Company for Mining and Saudi Arabia's Ministry of Investment (MISA) to explore the development of a platinum group metals smelter (“PGM Smelter”) and base metal refinery (“BMR”) in Saudi Arabia. The initiative supports Saudi Arabia’s Vision 2030 by fostering the mining and minerals sector as a key economic pillar. Building on a 2023 Cooperation Agreement with Ajlan, the project includes a global PGM concentrate market study, a feasibility study, and potential for a 50:50 joint venture. The project aims to process…

TuesdayNov 26, 2024 9:32 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports High-Grade Mineralization in Santa Barbara Zone of Iska Iska Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced initial assay results from its definition diamond drilling program in the Santa Barbara starter pit area of the Iska Iska silver-tin polymetallic project in Bolivia. Highlighted results from Hole DSB-68 include a 289.13-meter intersection grading 66.90g Ag/t, 0.63% Zn, 0.42% Pb, and 0.11% Sn, with higher-grade intervals reaching up to 126.10g Ag/t over 122.03 meters. The drilling confirms large high-grade mineralized shoots within breccia pipes that serve as feeders, with mineralization widening at depth. These results align with the geological zoning model of Bolivia's Tin Belt and suggest the potential for…

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