Orano’s $1.6B Mongolia Uranium Project in Limbo Over Political Tensions
A $1.6 billion uranium mining deal between France and Mongolia, aimed at diversifying France’s nuclear reactor fuel supplies, likely won’t be finalized until after June’s elections, according to Bloomberg which cited two people familiar with the matter. The delay, according to these sources, stems from an ongoing debate over the protection of Mongolia’s strategic resources. […]
Market Shrugs At Libya’s Temporary Pipeline Shutdown
Libya’s energy sector faces significant disruptions as protests and the closure of vital infrastructure have rocked the nation’s oil and gas production. The gas pipeline connecting Libya to Italy was abruptly shut down at the Mellitah hub by a guard force, impacting the flow of natural gas to Italy. The National Oil Corporation (NOC) has […]
Mining Execs Want Pension Funds To Be Invested In Canadian Mining
Veteran mining executives Pierre Lassonde and Frank Giustra are pressing the government to wield influence on pension funds, as it surfaces that Canadian pension funds, boasting a whopping $2.1 trillion in assets, allocate only a fraction to domestic mining ventures. The call for action comes amidst growing concerns over the dearth of domestic investments in […]
Argentina to Penalize Bankers Who Print Money
Argentine President Javier Milei has announced plans to propose a bill aimed at preventing the central bank from financing the nation’s treasury. The move is part of Milei’s strategy to curb inflation, which currently is exceeding 200% annually, by halting the monetary authority’s printing of more bills. Milei, a libertarian president who assumed office in […]
Aston Bay To See 22,000 Metre Drill Program Conducted At Storm Copper Project
Aston Bay Holdings (TSXV: BAY) is looking to recapture the excitement it saw in August 2023 with its early exploration data, announcing this morning that its Storm Copper Project, which has been optioned to American West Metals, will be subjected to a large drill program this spring. The program, which is to be fully funded […]
Metallic Minerals Reports Maiden Resource Of 18.1 Million Oz Silver Equivalent At Keno Silver
Metallic Minerals (TSXV: MMG) published a maiden mineral resource estimate this morning for its Keno Silver project, found in the Yukon. The estimate combines both underground as well as open pit mining models across four separate deposits at the project. The estimate amounts to inferred resources of 18.16 million ounces of contained silver equivalent, which […]
enCore Energy Sells Off 30% Of Alta Mesa To Fund Uranium Asset Development
enCore Energy (TSXV: EU) has sold off a portion of its Alta Mesa project in Texas in an effort to fund the development of certain Wyoming and Texas projects. The company has sold a 30% stake in Alta Mesa to that of Boss Energy, an Australia-based ISR uranium producer. The sale has resulted in the […]
MCF Energy Acquires O&G Assets Ready For Near-Term Production
MCF Energy (TSXV: MCF) is looking to quickly move from being an oil and gas explorer to that of an oil and gas producer. The firm this morning revealed it has acquired additional European assets for roughly US$4.8 million, a portion of which are set to see near term production. The assets acquired are found […]
More Nuclear Plants Being Built: Philippines to Add 1,200 MW by 2032
The Philippines’ Department of Energy (DOE) is aiming to achieve a 1,200-megawatt installed power capacity from nuclear resources through small modular reactor (SMR) technologies by 2032, DOE officials announced in an interview on Friday. Secretary Raphael Lotilla emphasized the government’s openness to various technologies to meet the country’s growing power demand. He mentioned plans for […]
Washington Post Reveals Russia’s Disinformation Campaign To Undermine Zelensky
To no one’s surprise, it was recently uncovered that in 2023, the Kremlin launched a disinformation campaign to undermine Ukrainian President Volodymyr Zelensky and create unrest, the Washington Post reported on Friday. The task force, led by Kremlin’s First Deputy Chief of Staff Sergei Kiriyenko, aimed to spread false information through Ukrainian social media on […]