asxstocks
Privately owned explorer Saga Metals has announced the execution of an option to joint venture agreement with Rio Tinto Exploration Canada (RTEC) for its Legacy lithium project in Québec, Canada. Announced on Wednesday (July 3), the deal outlines the terms under which RTEC can acquire up to a 75 percent interest in the asset through staged investments and exploration expenditures. The Legacy lithium project, located in the Eeyou Istchee James Bay region of Québec, is comprised of 663 claims covering 34,243 hectares and features 100 kilometers of striking paragneiss. Under the agreement, RTEC, ...
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Uranium has broken out, with the spot price rising to a 16 year high of US$106 per pound in early 2024. Despite a pullback to about US$85, prices were still nearly 55 percent higher than this time in July last year. Although the market's turnaround has taken time, experts are predicting a bright future as countries around the world pursue clean energy goals. Against that backdrop, ASX-listed uranium companies have been making moves in 2024. Below the Investing News Network has listed the best uranium stocks on the ASX by year-to-date gains. Data was gathered using TradingView's stock screener ...
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Pivotal Metals (ASX:PVT) Managing Director Ivan Fairhall shared his company's plans for the Horden Lake copper-nickel-PGM project in Quebec following the release of successful results from its 2024 diamond drilling program, which confirmed substantially thicker mineralisation. Fairhall shared his thoughts on the early results, and explained there are still more to come, with results from 25 holes still pending. He is confident there is an opportunity to expand the project’s grade and resource. “We already are thinking about and planning our next drill program. We've got targets to follow up on...
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Copper has hit record highs in recent years, and after setbacks at the start of 2024 its fortune has begun to turn. Prices rebounded to an all-time high on the COMEX of US$5.20 per pound, or US$11,464 per metric ton, on May 20 on tightening supply and increasing demand from the transition to renewable energy. In the longer term, many market watchers see tight supply and higher consumption from sectors like the electric vehicle industry creating a robust outlook for copper. Against that backdrop, the top ASX copper stocks have put on impressive year-to-date share price performances. The list be...
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Gold has set records in nearly every currency this past year, and it smashed through Australian records on April 22 when it reached AU$3,638.01. The price has seen a pullback since that time but continues to trend near historical highs. As for gold's US dollar price, it hit an all-time high of US$2,450.05 on May 20. The meteoric gains of 2024 come on the back of several factors including continued purchases by Central Banks in Asia, an improving economic situation in the United States and continued geopolitical instability including the potential for regional escalation of tensions between Isr...
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Australia's Paladin Energy (ASX:PDN,OTCQX:PALAF) has announced plans to acquire Saskatchewan-focused Fission Uranium (TSX:FCU,OTCQX:FCUUF) in a transaction valued at C$1.14 billion. “The acquisition of Fission, along with the successful restart of our Langer Heinrich Mine, is another step in our strategy to diversify and grow into a global uranium leader across the top uranium mining jurisdictions of Canada, Namibia and Australia,” said Paladin CEO Ian Purdy in a press release on Monday (June 24). Under the terms of the agreement, Paladin will acquire 100 percent of the issued and outstanding ...
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Boss Energy (ASX:BOE,OTCQX:BQSSF) has officially begun uranium production at its Alta Mesa in-situ recovery central processing uranium plant and wellfields, located in South Texas. “The start of production at the Alta Mesa Project is another key milestone in the implementation of our strategy to be a global uranium supplier with a diversified production base in tier-one locations,” said Managing Director Duncan Craib. “With operations now ramping up at both Honeymoon and Alta Mesa, we are on track to hit our combined nameplate production target of 3 million pounds of uranium per annum," he add...
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BPH Energy (ASX:BP8) has completed a AU$1 million (before costs) capital raise to execute the next phase of investment in its hydrocarbon projects and the development of Cortical Dynamics. David Breeze, the company’s managing director and executive chairman, said part of the funds will be used for the next-phase development of Cortical Dynamics’ anaesthesia monitoring EEG-based device called BARM, which stands for brain anaesthesia response monitor. Cortical’s BARM device helps keep the patient optimally anaesthetised during surgery, and Breeze emphasised the significant unmet need in the anae...
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The geopolitical landscape is shifting, and African nations, particularly resource-rich countries like Malawi, are becoming vital to the global supply chain of rare earth metals, according to Lloyd Kaiser, CEO of Australia-based DY6 Metals (ASX:DY6). Countries such as the US are aiming to diversify their sources of critical minerals and reduce their reliance on China by enhancing relations with African countries. “Africa offers a lot — it's rich in critical materials and could also help secure supply," Kaiser said, commenting on calls for the US government to build stronger trade relationships...
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The gold price has pulled back from record-setting levels seen earlier in 2024, but remains historically high. Against that backdrop, explorers are working to bring past-producing assets back into production. Last week, Aguia Resources (ASX:AGR) announced plans to expedite the reopening of its recently acquired Santa Barbara gold mine in Colombia, while West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF) provided an outline of the steps it is taking to restart its Madsen gold mine, which is located in Ontario, Canada. Here's a look at the work the companies are doing at their respective operation...
Investing News Network
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