No more haze. The global energy storage market is expected to balloon over the next 15 years, according to a report released by Lux Research."The energy storage industry is poised for a massive increase in annual revenue and deployment capacity as key innovative technologies, such as solid-state batteries and flow batteries, reach commercialization," said analyst Chloe Holzinger, one of the repor...Read More
The Almaden project is Located 140 km north of Boise, Idaho, pictured here. (Wikimedia Commons) GoldMining (TSE: GOLD) has agreed to buy the Almaden (TSE: AMM) gold project in west-central Idaho from Sailfish Royalty for $1.2 million in cash and shares.Located 140 km north of Boise, the Almaden project is a historic, resource-stage property with 70,234 metres (934 holes) of drilling. It hosts ou...Read More
Corvus Mother Lode Project in Nevada (Credit: Corvus) Infill drilling at Corvus Gold's (TSE: KOR) Mother Lode deposit in Nevada has intercepted higher-grade and broader than expected mineralization.Highlights include 88.4 metres of 1.92 g/t gold and 56.4 metres of 1.92 g/t gold: both of these holes targeted areas with limited drill data, intersecting better grades and geometries than suggested...Read More
Rio Tinto and the Society for Mining, Metallurgy & Exploration announced a multiyear partnership during the SME's Conference & Expo in Phoenix, Arizona. (Credit: Rio Tinto) Rio Tinto and the Society for Mining, Metallurgy & Exploration (SME) signed a multiyear partnership that will provide professional development opportunities to Rio Tinto employees. The announcement came at SME's Annual Confere...Read More
SourceOne screenshot (Credit: Eclipse) Mining technology provider Eclipse Mining Technologies has announced the launch of SourceOne, its flagship product. SourceOne features a collaborative platform to connect data from different sources as well as a datahub to store historical and contextual data, making it suitable for analytics and use of advanced technology like artificial intelligence and...Read More
1. The US stock market is in "sleigh ride" mode against gold stocks.2. Please click here now. Double-click to enlarge this chart. Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.3. The disintegration of the US stock market against GDX began long before Corona started, and it will likely continu...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 25 that are worth another look.European steel producers, represented by regional steel association Eurofer, hope to achieve a further toughening of the region's existing safeguard measures on steel product imports, market sources told Fastmarkets on February 25.The US Midwest aluminium premium reversed a more than nine-mon...Read More
The three-month zinc price on the London Metal Exchange was lower at the close of trading on Tuesday February 25, with the price edging down by 0.3% in a broadly positive trading afternoon, while lead futures topped the base-metals complex.Zinc's outright price on the LME closed at $2,030 per tonne in the afternoon, failing to close in positive territory despite strong turnover throughout the day....Read More
Weekly Reports |Feb 25 2020Different approaches to nuclear power generation are being taken across the globe.-Congress to assess US uranium reserve proposal-US to open first new reactor in 30 years-France to close its oldest reactorsBy Greg PeelThe Trump Administration has allocated US$150m in its proposed 2021 budget for the creation of a national uranium reserve. The budget will need to be appro...Read More
The three-month nickel price on the London Metal Exchange outperformed its peers across morning trading on Tuesday February 25, with all base metals trading in positive territory, while complex-wide selling pressure that emerged on Monday afternoon continued to ease.Nickel's outright price on the LME was recently seen at $12,640 per tonne on Tuesday morning, up from Monday's closing price on $12,4...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 25, 2020The US stock market is in “sleigh ride” mode against gold stocks.Pleaseclick here now.Double-click to enlarge this chart.Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.The disint...Read More
Jack ChanPosted Feb 25, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high, but what more important is, a new speculative bottom is now established. That will hel...Read More
Manganese ore producer Consolidated Minerals (Consmin) has had to delay shipments to China from Port Hedland in Western Australia as a result of disruption caused by the novel coronavirus (2019-nCov) outbreak."Due to the coronavirus, we have struggled to get vessels to take all our February tonnage, so our February [cargoes] will be sailing in March," a spokesman told Fastmarkets on Monday Fe...Read More
Hong Kong's Hang Seng was yesterday's exception, up 0.27%.Futures are pointing to another day of losses."Market participants are becoming resigned to the fact that the economic slowdown caused by the coronavirus may extend longer than previously anticipated," IG analyst Kyle Rodda explained in a column piece.China's top economic planner told reporters yesterday the country was making considerable...Read More
Shares in Firestone have plummeted from 56.5p in November 2016 to just 0.30p on Tuesday, as lower than expected diamond prices saw the company struggle to pay down debt.Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report chemical assays from two drill holes that intersected strong radioactivity early in the winter drilling program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of S...Read More
The A3c/share interim dividend was declared after the drilling business generated $7 million in operating cashflow from group revenue that increased 8% to $81.5 million.Read More
Join Fastmarkets' web seminar on what could be in store for the minor metals markets now most stocks formerly held by the Fanya Metal Exchange in China have been sold off in auctions.The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015.Fastmarkets wi...Read More
Silver has not risen at all. Just trade in the technical in silver. Corrections in gold are healthy. There are lots of US economic data next week. US various February jobs report will be there next week. Correction or profit booking in gold and silver will be there. Corrections will be healthy to ensure that the current rally in gold is a sustainable one. A continued one way rise will imply a bo...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 25 that are worth another look.European steel producers, represented by regional steel association Eurofer, hope to achieve a further toughening of the region's existing safeguard measures on steel product imports, market sources told Fastmarkets on February 25.The US Midwest aluminium premium reversed a more than nine-mon...Read More