Mining Stocks Archives - Page 2 of 11

WednesdayMay 21, 2025 9:00 am

Gold Gains Stability as Moody’s Downgrades US Rating

Gold ticked upwards on Monday following the weakening of the U.S. dollar after Moody’s downgraded the government of America’s credit rating. This boosted the safe haven appeal of gold and helped the precious metal to register some gains on the day. Spot gold registered a 0.9% boost to reach $3,229 per ounce while gold futures saw a 1.5% gain to hit $3,233 per ounce. Moody’s slashed the U.S. credit rating from “AAA” to “AA1” on Friday, explaining that the country’s rising debt and the interest accruing on that debt are markedly higher than the levels for other countries having the…

TuesdayMay 20, 2025 11:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) CEO Discusses Business Model, Competitive Advantage During GotStocks Podcast

CEO Dr. Richard Lu discussed SolarBank’s vertically integrated business model on a recent GotStocks podcast. SolarBank is an expanding developer, builder, operator, and owner of clean energy projects across North America, maintaining a $184 million portfolio of assets generating recurring revenue. The company’s flexible supply chain strategy helps mitigate any tariff risks while reducing costs. Going forward, a recently announced up to $100 million transaction with CIM Group is set to fund up to 97 MW of U.S. community solar projects. Disseminated on behalf of SolarBank Corporation Dr. Richard Lu, CEO of SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer…

MondayMay 19, 2025 9:00 am

Scrap Copper to Start Moving After Trump Declared Truce with China

Scrap copper exports effectively came to a sudden halt after Trump started a trade war with China and other trading partners around the world. China imports more than 50% of the scrap copper collected in the U.S., and the prohibitive tariffs between these major trading partners made it nearly impossible for this metal to change hands. US dealers and their Chinese counterparts are frantically working the phones in order to complete deals and get scrap copper moving during the temporary truce that Trump says could end with high tariffs in case an appropriate deal isn’t agreed upon during the expected…

FridayMay 16, 2025 2:00 pm

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Positions Itself for Growth Amid Palladium Market Dynamics

With its essential role in automotive, industrial and emerging technology applications, palladium is poised to remain a critical asset in 2025 and beyond. Projected palladium price ranges indicate confidence that the metal will maintain significant market value due to constrained supply and ongoing industrial necessity. Platinum Group Metals Ltd. is positioning itself as a strong player in the palladium space. As the global economy continues to evolve and diversify, investors are seeking opportunities in sectors with long-term growth potential and strong fundamentals. Precious metals, long viewed as stores of value and industrial cornerstones, are receiving renewed attention, particularly palladium. With…

FridayMay 16, 2025 1:30 pm

Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) Poised to Capitalize on Copper Demand Surge Driven by AI-Powered Data Centers

According to the International Energy Agency, global demand for copper from data-center development alone will more than double by 2030. Nicola Mining is well-positioned to meet this burgeoning demand through its New Craigmont Copper Project in British Columbia. The company owns 100% of the New Craigmont high-grade copper property, which has a rich history of production and significant exploration potential. As artificial intelligence (“AI”) continues to revolutionize industries, the infrastructure supporting its growth — particularly data centers — has become increasingly reliant on copper due to its superior electrical conductivity. This surge in demand for copper presents significant opportunities for mining…

FridayMay 16, 2025 12:30 pm

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Draws Additional Experience to Board Amid Ramp-up to Production

Vancouver-based gold and silver resource developer ESGold Corp. is preparing to begin production on a legacy mine restoration project at Quebec that will improve the environment while generating revenue for the company’s planned exploration project As the company prepares for transition to the production stage, it has announced the appointment of experienced junior miner builder Peter Espig to its Board of Directors Espig gained distinction by helping junior miner Nicola Mining into a cash-flowing enterprise from creditor-protection status ESGold’s Montauban Gold-Silver Project covers 265 mining claims across 13,116 hectares (about 32,410 acres) with tailings for its reclamation effort, while the…

WednesdayMay 14, 2025 9:00 am

Nickel Miners in Indonesia Decry Royalty Rate Increase, Warn of Possible Layoffs

The nickel mining industry in Indonesia has reacted negatively to the government’s increase of mining royalties from 10% to rates that vary from 14-19%. The change took effect at the start of May. The government is looking at these increased royalties as a source of needed revenue to fund the ambitious programs initiated by President Subianto. For example, he started a program to offer free meals for pregnant mothers and children. He has also established a sovereign wealth fund for the country. The minerals targeted for royalty increases include copper, bauxite, nickel, gold, tin, among others. While the mining industry…

MondayMay 12, 2025 9:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Announces $100 Million Project Financing from CIM Group for U.S. Solar Expansion

SolarBank and CIM Group have announced a US$100 million financing deal for a portfolio of U.S. solar energy projects totaling 97 MW. The deal is structured as a preferred equity investment at the project level, preserving SolarBank’s share capital, with CIM receiving a 3% annual coupon and retaining full ownership of transferred investment tax credits. SolarBank expects to maintain majority ownership of the 21-project portfolio post-financing, supporting SolarBank’s shift toward becoming a long-term solar asset owner in the U.S. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable…

MondayMay 12, 2025 9:00 am

Copper Supplies in China Expected to Fall Further, Increasing Supply Concerns

Copper inventories on the SHFE (Shanghai Futures Exchange) are forecast to further reduce at the end of this week. The quick drop in supplies is expected to trigger a rise in prices, which could incentivize traders to resume shipping the metal to China. In April, inventories of the metal declined on the SHFE by 60% on a month-on-month basis. The end of the month saw stockpiles drop to 89,307 tons. This is the sharpest recorded drop in supplies in the history of the SHFE. Traders revealed to Reuters that they expected further declines to be announced by the close of…

MondayMay 12, 2025 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Is ‘One to Watch’

Ucore currently owns an REE mining project and an advanced separation technology. Commercial demonstration of the company’s RapidSX(TM) technology is at the commissioning stage. Ucore plans several modern REE refineries in North America, with the first SMC slated to begin construction in Louisiana in 2023. This planned REE separation and rare earth oxide production plant is scheduled to process 2,000 tons of total rare earth oxides by the end of 2024, increasing to 5,000 tons in 2026. Through its strategic partnerships with Kingston Process Metallurgy Inc., Mech-Chem Associates Inc. and other supporting contractors and vendors, Ucore is developing a North…

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Category: Mining Stocks