Colorado mountains. Image by David Mark from Pixabay. USA Rare Earth, the funding and development partner of the Round Top heavy rare earth project and Texas Mineral Resources announced Thursday that its rare earths pilot plant processing facility in Wheat Ridge, Colorado has received the required permits and officially opened. Once fully commissioned, the plant will be focused on group separatio...Read More
Credit: First Mining Gold First Majestic Silver (NYSE: AG; TSX: FR) has agreed to acquire a stream on 50% of the payable silver produced from First Mining Gold's (TSX:FF) Springpole gold project in Ontario, Canada."This new silver stream gives First Majestic significant upside potential to higher silver prices while minimizing risks and costs," First Majestic president and CEO Keith Neumeyer said...Read More
Beaufor mining complex. (Image courtesy of Monarch Gold) Monarch Gold (TSX: MQR) announced on Thursday the closing of a C$5.4 million private placement with Yamana Gold (TSX: YRI, NYSE: AUY), Alamos Gold (TSX: AGI, NYSE: AGI) and other investors.Pursuant to the placement, Monarch has issued approximately 22.6 million common shares at C$0.24 each and 11.3 million warrants, with each warrant entitl...Read More
Johann Strauss Denkmal Wien. Stock Image. Gold prices edged higher on Thursday after the US Federal Reserve painted a grim economic outlook and vowed to keep interest rates lower for the foreseeable future.Earlier in the session, spot gold rose 0.4% to a one-week high of $1,744.60 per ounce, before pulling back to $1,735.05 by noon EST. US Gold futures also rose 1.3% to $1,737.50 per ounce, headi...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 11 that are worth another look.GFG Alliance is to create its first "Greensteel" facility in Europe at its Liberty Steel facility in Galati, Romania, as part of its plan to become carbon neutral by 2030, the company said this week.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $68 p...Read More
All base metals lost ground during trading on Thursday June 11, with the London Metal Exchange three-month aluminium price falling by 2% to close at $1,601.50 per tonne.There were 15,086 lots of aluminium traded on Thursday, and the underlying aluminium price touched an intraday high of $1,629.50 per tonne, although that is still lower than Wednesday's closing price of $1,638 per tonne.LME alumini...Read More
The London Metal Exchange has bolstered efforts to explore low-carbon initiatives this month, emphasizing green aluminium production as its target, but at a time of unprecedented distortions across the global raw materials supply chain, market sentiment remains mixed. The exchange is set to begin exploring steps to incorporate diversified aluminium production into its systems, LME chief executive...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 11 that are worth another look.GFG Alliance is to create its first "Greensteel" facility in Europe at its Liberty Steel facility in Galati, Romania, as part of its plan to become carbon neutral by 2030, the company said this week.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $68 p...Read More
Zambian blister copper producer Chambishi (CCS) has brought forward its 43-day maintanence plan after being hit by a furnace outage since early June, Fastmarkets understands.With a 250,000 tonne-per-year copper capacity, the CCS plant is one of the biggest copper smelters in Zambia to supply blister copper to the export market. The subsidiary of China Nonferrous Mining Corp (CNMC) h...Read More
The $7.25 million is being raised by issuing shares at 27.3c, and follows FSDEA investing $2.1 million in March.Read More
Formerly with ASX-listed companies Sally Malay/Panoramic, Aquarius Platinum and others, (as well as resource sector investment firm Mineral Securities), Liddell and ex-WMC executive David Chapman willRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") responding to a marked increase in demand for retail channel connections, today announced a set of process and technology changes that facilitate more rapid retail "plug & play" connections and enhanced workflow capabilities to satisfy manufacturer demand.Built to leverage modern Machine Learning and AI tools, t...Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that it has acquired a strategic group of mineral claims that are highly prospective for high-grade silver-gold mineralization and already surrounded by the Company's Hughes Property. In addition, the Company has located a series of historic high-grade underground chip samples...Read More
However it said the figure only scratched the surface of the work being done by members and cited in-kind efforts, along with other support for health care including the donation of hospitals.The briefing noted in South Africa, Anglo American had made its Highveld Hospital available for treating COVID-19 cases and AngloGold Ashanti had donated two hospitals.It said Gold Fields' South Deep mine had...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 11 that are worth another look.GFG Alliance is to create its first "Greensteel" facility in Europe at its Liberty Steel facility in Galati, Romania, as part of its plan to become carbon neutral by 2030, the company said this week.A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $68 p...Read More
A slew of extensive stimulus measures to boost the adoption of electric vehicles (EVs) in Europe in the aftermath of the Covid-19 pandemic is unlikely to provide any immediate support to prices for cobalt and lithium in China, according to market participants. In the past two weeks, several European countries, including Germany and the United Kingdom, either announced schemes to encourage the adop...Read More
By: Gary Savage Gold attacked last Friday, right on que. Gold is churning $1800 resistance zone. Banks still stuck in this huge short position:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold is $20 from new close highs! Gold negated downtrend on Tuesday, Wednesday trying to build an uptrend. The $1733 area is support on the 18-dma:Read More
Gold is on the way to $1836.70. Comments by Federal Reserve chairman at the Federal Reserve meeting is the reason. Correction of gold price in US session will come only if US weekly jobless numbers beats street expectations by a big margin. Selling gold and silver on the basis of US May nonfarm payrolls has resulted in short covering yesterday post FOMC surprise. I was focused more on copper and...Read More