Utilities, Mining, Oil & Gas

Noteworthy Industry Profiles


Golden Minerals Sells Mexican Subsidiary for $600k

Golden-based Golden Minerals Co. (OTCQB: AUMN and TSX: AUMN) has sold its wholly-owned Mexican subsidiary, Minera de Cordilleras, S. de R.L. de C.V. to a privately held Mexican company for consideration of US $600,000. The sale agreement was signed on April 1. Upon consummation of the transaction, Minera Cordilleras held net operating losses, inflation-adjusted capital…more

Rare Element Resources Inches Closer to $553M U.S. Funding for Wyoming Project

Rare Element Resources Ltd. (RER) received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for debt financing of up to $553 million for the Bear Lodge Project in Wyoming. The funding aims to support the project’s permitting, engineering design and construction. This announcement coincides with President Donald Trump’s Executive…more

Energy Fuels, POSCO Intl. Collaborate on Rare Earth Magnet Supply Chain

Energy Fuels Inc., a Lakewood-based producer of uranium and rare earth elements, announced a strategic Memorandum of Understanding (MOU) with South Korea-based POSCO International Corp. This collaboration aims to establish a non-China rare earth element (REE) supply chain for electric vehicle (EV) and hybrid EV drivetrains, targeting automakers in the U.S., E.U., Japan and South…more

Ur-Energy’s Lost Creek Becomes US’s Top Uranium Producer in 2024

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) has announced updates regarding its uranium production and development projects, underscoring its position as a key player in the US uranium sector. The company’s operations are centered around the Lost Creek in situ recovery (ISR) uranium project in south-central Wyoming and the under-construction Shirley Basin ISR project, which is expected to…more

IPT Well Solutions Completes Drilling Campaign

Golden-based IPT Well Solutions, in collaboration with Providence Operating and Baker Hughes, completed a successful drilling campaign encompassing nine wells with zero trips. This achievement highlights operational efficiency and performance, with the project featuring challenging well geometries, including high tangents in vertical sections and extended laterals exceeding two miles. The drilling program accomplished several key…more

Solitario Resources Reports Gold Discovery at South Dakota Project

Wheat Ridge-based Solitario Resources Corp. (NYSE American: XPL; TSX: SLR) announced notable drilling results from its Golden Crest Project, intersecting significant gold mineralization in drill hole GC-008. This hole encountered mineralization in the lower Deadwood rock formation with an average gold grade of approximately 1.0 gram per tonne (“gpt”) over a length of 41.0 meters.…more