Western Magnesium, and from Paul Sauve, the Company's Vice President of Operations that the Company's focus is bringing magnesium production back into the United States, targeting industries, such as the auto, aerospace, airline, electric car batteries, US government and the DOD. We learned from Mr. Ataya and Mr. Sauve that their proprietary technology is scalable, and price competitive with the w...Read More
According to an SEC filing released late on Friday, Berkshire Hathaway bought a sizable position in Canadian miner Barrick Gold (NYSE: GOLD) in the second quarter while simultaneously selling shares of U.S. banks.The filing shows Berkshire purchased 20.9 million share of GOLD, worth over $560 million. Shares of GOLD jumped over 8% in after-market trading following the announcement.Meanwhile, the f...Read More
Mexico has approved the environmental impact statement (EIS) for Orla Mining's (TSX: OLA) Camino Rojo oxide gold project in Zacatecas state - clearing the way for mine construction to start.The approval from the Mexican Federal Environmental Department (Semarnat) also satisfies one of the key conditions for the company to drawdown the remaining US$100 million available on a US$125 million project...Read More
The latest drill results from the Berry zone, within the 6-km long Sprite corridor at Marathon Gold's (TSX: MOZ) Valentine gold project, extend the strike length of this area of mineralization to 650 metres, from approximately 450 metres previously.The highlight intercepts include 47 metres of 2.96 grams gold per tonne starting at 166 metres; 30 metres of 2.23 grams gold per tonne from 121 metres;...Read More
Banyan Gold (TSXV: BYN) has released assays for nine holes completed at the Airstrip zone within its AurMac property, 56 km northeast of Mayo, Yukon. The drilling has extended the strike length of the mineralized zone by approximately 300 metres to the west, as well as down-dip, within the limits of the conceptual pit that constrains the existing Airstrip deposit.Drill highlights include 116 metre...Read More
Rare earths miner Lynas Corp. (ASX: LYC) posted a smaller-than-expected annual loss and outlined plans to raise A$425 million (around US$307 million) to fund construction of a new ore processing plant in Australia.The world's biggest rare earths miner outside China said the loss (after tax) came in at A$19.4 million for the year ended June 30, compared with a profit of A$83.1 million a year earlie...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) is gearing up to resume construction activities at its Cauchar?--Olaroz lithium project in Jujuy, Argentina, after halting operations in March to comply with the country's measures against the coronavirus pandemic.The company, which is developing the asset with the help of China's Ganfeng Lithium, had to suspend construction at Cauchar?--Olaroz again in July,...Read More
Sibanye-Stillwater last year acquired the Lonmin operation in South Africa where the violence against striking mineworkers had taken place.Ahead of the miner's inaugural Marikana memorial lecture by social justice advocate Professor Thuli Madonsela, CEO Neal Froneman said the company had completed the Lonmin acquisition "with our eyes wide open to the fact that this would bring with it the legacy...Read More
Warren Buffett, who has a long history with precious metals (his dad was a goldbug and Buffett himself is alleged to have attempted to corner the silver market in the late 80s), has done an about-face and decided that even Berkshire Hathaway's portfolio needs exposure to the barbarous relic.Berkshire Hathaway added nearly 21 million shares of Barrick Gold. A $560 million investment that's sure to...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index continued its purposeful upward climb and added 21.74 points or 2.1% and closed at 1069.58. The INK CIN is now up over 11.5% in the past 6 weeks.MACD dipped 1.48 to 1.41. RSI remained steady, dropping just 0.16 points to 76.36. It has now been trading elevated above 7...Read More
President and CEO of the Mining Association of Canada (MAC), Pierre Gratton said the worker inaction stacked on top of other national supply chain disruptions brought about by COVID-19, Indigenous rights demonstrations, and railway strikes late last year lowered the country's competitiveness on the international stage."On the backdrop of massive supply chain disruption, and unprecedented reputatio...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Berkshire Hathaway's only new purchase in the second quarter was Barrick Gold, which doesn't indicate confidence in a quick economic recovery. Read full newsRead More
Berkshire Hathaway's only new purchase in the second quarter was Barrick Gold, which doesn't indicate confidence in a quick economic recovery. Read full newsRead More
Australian shares rose on Friday, buoyed by gains in gold stocks and the central bank's reassurance on policy measures to ease the economic pain of the coronavirus crisis.Read full newsRead More
See what the mainstream does and then do the opposite. It's fair to say that's been a guiding principle here at the Outsider Club since the beginning, and it's one that has served the readers well. With headlines that have been popping up recently, it might be time to remind you that going against the grain could be the best choice you can make financially in these strange times we live in. The...Read More
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world's top economies gear up to review a January deal after a prolonged trade war.Read full newsRead More
Capital 10X has put together an investing series looking at the most promising states for cannabis investment. We begin with Nevada, the state with the highest ticket sales.Read full newsRead More
Lots of news flow from NV Gold recently as they are mobilizing for geophysical surveys at Slumber Gold Project and Sandy Gold Project in Nevada, and preparin...Read full newsRead More
NORTH BAY - The Ontario government is investing $5 million in Norgalv to help the steel galvanizing company open a new plant in North Bay. The funding is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC) and will be used to build a new facility, purchase equipment and establish a single production line, creating 45 new full-time jobs."We are proud to support the expans...Read More