Unlike the fluctuations observed in 2023, the lithium market in Q1 2024 exhibited greater stability.Lithium carbonate prices, which began the quarter at US$13,377.44 per ton, concluded around US$14,874.31, reflecting an 11 percent increase. Market oversupply prompted some lithium producers to trim 2024 output targets in hopes that some of the…
Lithium prices remained subdued at the beginning of 2024, still well below highs set in late 2022 and 2023. Several factors, including oversupply and weak electric vehicle (EV) demand, united to keep prices muted over the 90 day period. Despite a market glut keeping prices down, Fastmarkets is forecasting that…
Nine men have been arrested and more than 19 charges laid after an incident last year. The exploit, which has been described as Canada’s largest gold heist and the sixth largest in the world, was elaborately planned and included a 5 metric ton truck, as well as rudimentary smelting equipment.…
In terms of gold, he believes US$2,500 per ounce is a ‘lock’ in 2024, with US$3,000 possible within 12 to 18 months. However, he cautioned investors that the yellow metal is likely to pull back before reaching those heights. ‘While I still think gold has more upside, you have to…
1,500 metre inaugural Bear drill program scheduled to start in coming weeksCatharsis drill program is complete, with results to be released when assays received Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (‘Baselode’ or the ‘Company’) is pleased to provide updates for its Bear (‘Bear’) and Catharsis (‘Catharsis’) uranium projects in…
VVC Exploration Corporation, dba VVC Resources, (‘VVC’) or (the ‘Company’), (TSX-V:VVC and OTCQC:VVCVF) announces the rework of a pre-existing oil well in southwest Kansas as a test for oil production in the region. Initiation of Ardery Oil Well Rework Building on its experience in natural resource management, especially recent work…
Source Rock Royalties (TSXV:SRR) focuses on oil & gas royalties in the provinces of Alberta and Saskatchewan. The company’s portfolio comprises various gross overriding royalty interests in southeast Saskatchewan and a gross overriding royalty in largely contiguous Clearwater interests in Central Alberta. Source Rock Royalties offers investors low-risk and low-capital-cost…
Trident Royalties (AIM:TRR,OTC:TDTRF) provides investors with exposure to lithium, gold, copper, silver, iron ore, and other commodities (excluding thermal coal) through its diversified commodity portfolio. Trident is establishing itself as a royalty company using a unique royalty model that brings under its umbrella the entire gamut of the mining industry.…
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down 3% on Monday morning. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of…
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while…