Last week, Ford announced several plans to source new EV batteries and related minerals, including lithium and nickel, to support the company's goal of achieving annual production of 600,000 electric vehicles by next year and over 2 million by 2026.The company announced Chinese battery maker Contemporary Amperex Technology Co. Ltd. (SHE: 300750) will supply lithium-iron-phosphate batteries for new...Read More
Consensus opinion projected the Federal Reserve would elevate its target rate 75 basis points today.The monetary authority greeted expectations, precisely - 75 basis points it was, announced at 2 p.m. Eastern.Thus the federal funds rate presently ranges between 2.25-2.50%.This rate of course falls miles and miles beneath the 9.1% (official) consumer price inflation currently going.Assume today's b...Read More
Share this article VANCOUVER - TNR Gold Corp. [TNR-TSXV] said Tuesday it has monetized its royalty holding on the Mariana lithium-potash brine project in Argentina via a partial sale to an Ontario limited partnership affiliated with Lithium Royalty Corp. (LRC).TNR shares rallied on the news, rising 25% or $0.01 to $0.05 on volume of 737,390. The shares are currently trading in a 52-week range o...Read More
In April, Ascot said it had been unable to reach an agreement with Sprott Private Resource Lending on the satisfaction of the drawdown conditions for the remaining US$60 million of an $80 millionRead More
OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDVan Eck was once of the institution investors irked by the premium, reminding its clients in a resea...Read More
Rumble Resources describes its flagship Earaheedy project in Western Australia as an emerging world-class base metals discovery, where it's set an initial exploration target of 100-120Mt at 3.5%-4.5% lead-zinc sulphide, as managing director Shane Sikora outlines, along with a host of catalysts including an upcoming maiden JORC resource.Read More
(IDEX Online) - Two suspects have been arrested after an armed robbery in Phoenix, Arizona, USA, that left a jewelry store worker in a critical condition with a gunshot wound.Matthew David Jones, 22, and Helen Ann Simmons, 18, were caught two days later at Huntington Beach, California, 400 miles away, following an hour-long car chase that was caught on camera.One suspect allegedly pointed a gun at...Read More
(IDEX Online) - GIA is to open a lab in Dubai for the first time, it was announced today.It is scheduled to open in mid-2023, offering its services to over 1,150 diamond companies at the Dubai Multi Commodities Centre (DMCC).News follows an announcement in February that Dubai had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021.The move "reflects Dubai�...Read More
"Most of the impact to production came from lower-grade ore and crushing circuit throughput," Copper Mountain's president and CEO Gil Clausen said.Read More
In this week's episode, we take a closer look at Alcoa's Q2 earnings call, featuring Alcoa president and CEO Roy Harvey and CFO William F. (Bill) Oplinger, who discuss rising energy costs, the benefits of a strong U.S. dollar, challenges to smelter profitability and ongoing environmental initiatives to reduce greenhouse gas emissions.All this and more with host Adrian Pocobelli.Music Credits:"R...Read More
The equity in Aztec Minerals (TSXV: AZT; US-OTCQB) jumped as much as 41.5% on Tuesday after it announced a deal with private concern Kootenay Silver Inc. to acquire a 100% interest in the Cervantes porphyry copper-gold project in Sonora state of northwestern Mexico.Aztec has agreed to issue to Kootenay 10 million shares at 25 ? apiece in return for Kootenay's 35% interest in Cervantes. Kootenay wi...Read More
Frontier Lithium (TSXV: FL; US-OTC: LITOF) has released results for four drill holes completed at the Spark pegmatite, part of the company's PAK lithium property located north of Red Lake, Ont.The current drill program began in May 2022 and is still in progress. The initial drill holes were designed to quickly convert the inferred resource within the central portion of the Spark deposit to the ind...Read More
Wallbridge Mining (TSX: WM; OTC: WLBMF) has reported positive assay results from ongoing resource drilling at its flagship Fenelon gold project, further expanding the lateral footprint of the deposit beyond its initial 2021 resource estimate.Fenelon is located 80 km east of Agnico Eagle Mining's (TSX: AEM; NYSE: AEM) Detour Lake gold mine at the centre of Wallbridge's land package, which covers ro...Read More
Australia-based Greenland Minerals (ASX: GGG) said on Tuesday it will fight the Greenland government's draft decision to reject a mining permit for the company's Kvanefjeld rare earths project, based on a nationwide ban to uranium exploitation and exploration passed in November.The miner's vast Kvanefjeld project, one of the world's biggest, was granted preliminary approval in 2020. While focuse...Read More
All the talk right now is about recession. Are we in one right now? (We'll have the technical answer on Thursday.)The spinmeisters in the Biden administration and the media are of course trying to redefine a recession in an attempt to get ahead of the news cycle.But today, I want to take the longer view and see the bigger picture. What is it? Here it is:The economy remains stuck in the New Great D...Read More
The company is looking to raise gross proceeds of up to $2 million from the placement of up to approximately 11.1 million units priced at $0.18 per unit. Eac...Read full newsRead More
Creates a company with larger scale and significant free cash flow to unlock shareholder value Substantial combined gold reserve of 3.8 Moz and resource base of 18.3 Moz Measured & Indicated and 7.7 Moz Inferred 1 Strengthened mine-building, operating and financial capacity Streamli...Read full newsRead More
Adjusted second quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) for the Denver-based firm fell 28% to US$1.1 billion from $1.6 billion a year earlier.Read More
Share this article VANCOUVER - GCM Mining Corp. [GCM-TSX, TPRFF-OTCQX] said Monday it has agreed to acquire all the outstanding shares of Aris Gold Corp. [ARIS-TSX, ALLXF-OTCQX] not already held by GCM. The resulting entity will be named Aris Gold Corp. and will be led by Ian Telfer as Chair and Neil Woodyer as CEO and director.GCM already owns 60.9 million Aris Gold shares or 44.3% of the comp...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipOzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsAn additional 90,000oz were converted from the inferred to indicated category. This resulted in an updated estimate comprising 263,000oz gr...Read More