Desert Mountain Energy Corp. (TSX.V: DME) is engaged in exploration and development of helium, oil & gas and mineral properties, in the Southwestern United States. At PDAC2019, we learned, from Irwin Olian, President and CEO of Desert Mountain Energy, the Company's current focus is on helium, which is in surging demand in the high-tech world. There is currently a worldwide shortage of helium, its...Read More
Two graduate students at Colorado School of Mines have received funding from the U.S. Department of Energy to conduct a portion of their thesis research at a national laboratory. Erin Bertelsen and Anna Ryken were among 70 students at 52 universities nationwide selected for the Office of Science Graduate Student Research Program this year, DOE announced April 12. Bertelsen, a PhD candidate in ap...Read More
Colorado School of Mines has been recognized by the National Center for Women & Information Technology (NCWIT) for its work to increase meaningful participation in computing education among women. The Mines Department of Computer Science is the grand prize recipient of the 2019 NCWIT Extension Services Transformation (NEXT) Award, the nonprofit organization announced. Powered by NCWIT with su...Read More
The U.S. Bureau of Land Management has approved Newrange Gold's (TSXV: NRG; US-OTC: NRGOF) proposal to transfer the company permits for the Merritt decline, part of its 16.7-sq.-km Pamlico gold project in Nevada, as well as to collect a 1,000-ton bulk sample at the project.The project's previous operators, the Merritt family, developed the Merritt decline in 2013 for between US$2 million and US$3...Read More
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA)-level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after-...Read More
BHP (NYSE: BHP) is investing in Midland Exploration (TSXV: MD) to support the junior's copper exploration in northern Quebec, including its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one share and one warrant that allows the holder to buy another share for $2.05 per shar...Read More
Thor Explorations (TSXV: THX) estimated in a definitive feasibility study two months ago that pre-production capex to build an open-pit mine at its Segilola gold project in Nigeria would cost about US$87 million.Today, the company announced it has secured a US$78-million financing package from the Africa Finance Corporation, a multilateral finance institution with US$4.5 billion on its balance she...Read More
I've explained before that global growth was slowing and that Fed Chairman Powell had blinked. That blink has quickly blossomed into a full capitulation.I don't believe the rate hike planned by the Fed in 2020 happens and, as I explained last month, I believe we will get a rate cut - not a hike - in the second half of this year or early next year.So why the capitulation in such obvious fashion?It...Read More
...the message from lumber should be paid attention to.Read full newsRead More
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For a few hours on Sunday, some 40 people from the farming community of Tacrara, located in the Cusco department in southern Peru, blockaded a road used by Canadian miner Hudbay Minerals (TSX, NYSE: HBM) to transport copper from its Constancia project to the Port of Matarani.Local media report that about 60 trucks carrying mineral were being prevented from leaving Cusco's Espinar province. The pro...Read More
For a few hours on Sunday, some 40 people from the farming community of Tacrara, located in the Cusco department in southern Peru, blockaded a road used by Canadian miner Hudbay Minerals (TSX, NYSE: HBM) to transport copper from its Constancia project to the Port of Matarani.Local media report that about 60 trucks carrying mineral were being prevented from leaving Cusco's Espinar province. The pro...Read More
China's steel industry isn't prepared for a looming shortage of iron ore, the metal used to make the building material that last week rose to its highest price in almost five years, according to a prominent industry adviser in China.Prices will "absolutely" continue to increase as mine closures in Brazil spur a market deficit in the second half of the year, Wu Wenzhang, founder and president of Sh...Read More
Gold producer Metallon Corp. halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations.The suspension is the latest sign of stress in the southern African nation's gold industry, which has been hampered by a shortage of foreign exchange. Zimbabwean laws force producers to sell their metal to...Read More
Researchers at Sweden's Chalmers University of Technology have developed the first hydrogen sensors ever to meet the future performance targets for use in hydrogen-powered vehicles. The device is capable of detecting 0.1 percent hydrogen in the air in less than a second.In a study published in the scientific journal Nature Materials, physicists Ferry Nugroho, Christoph Langhammer and other colleag...Read More
Researchers at Sweden's Chalmers University of Technology have developed the first hydrogen sensors ever to meet the future performance targets for use in hydrogen-powered vehicles. The device is capable of detecting 0.1 percent hydrogen in the air in less than a second.In a study published in the scientific journal Nature Materials, physicists Ferry Nugroho, Christoph Langhammer and other colleag...Read More
Following a blockade that lasted for over two months, Peru's national highway CU-135, known as Corredor Minero del Sur, was reopened this weekend and trucks carrying copper concentrate from Las Bambas mine started running through it again.A 12-kilometre section of the runway in the southern Cusco department had been blocked for 68 days by protesters from the Nueva Fuerabamba community, whose farml...Read More