AakaashBali / iStock via Getty ImagesWhen American Resources Corp. (NASDAQ: AREC) reported quarterly results in late July, the company said it created a wholly-owned subsidiary, American Rare Earth, to explore and monetize rare earth mineral deposits. Founded as a coal company, American Resources said it mined no coal in the quarter because it shut down its mines due to the COVID-19 pandemic. As a result, the company reported no revenues for the quarter.

Wednesday morning the company announced that its American Rare Earth subsidiary has begun “exploring strategic options to unlock the value of its rare earth assets.” The subsidiary plans to begin exploration at 10 former coal mine sites in eastern Kentucky. Coal, rare earth elements, what gives?

It turns out that many of the 17 rare earth elements exist in coal processing refuse and ash residue and that the concentration of heavy rare earth elements (the lowest

Read More

LAS VEGAS, Sept. 29, 2020 /PRNewswire/ — Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., today announced that it has signed a Letter of Intent (LOI) to acquire a high potential mineral property in the state of Colima, Mexico.  The property is located in a prolific iron-copper-gold production area approximately 25 kms east of the Pena Colorada mine in Minatitlan, Mexico.  Advantageously located with direct access to main Highway #3, the property also has a natural water supply.  The land parcel is located at 19°18’47.3″N 103°53’49.9″W and consists of 100 hectares.  Strategically viewed as a diversification acquisition, the Colima property is situated in a region where AABB has a comparative advantage of development resources and expertise readily available to rapidly develop the project.  The Company is conducting its final stages of due diligence in preparation to complete the property acquisition agreement.  

AABB

Read More

Many investors historically have turned to safe haven assets such as precious metals in times of economic and political turmoil. One way to gain exposure is by owning companies in the metals and mining industry, which are involved in the exploration, extraction, and sale of metals and other minerals. These materials are used in a wide range of applications in jewelry making, industry, technology, aviation, aerospace and more. Some of the industry’s biggest companies globally include Franco Nevada Corp. (FNV) and Wheaton Precious Metals Corp. (WPM).

Despite the economic upheaval in 2020, though, mining companies as a group have dramatically underperformed the broader market. The benchmark iShares MSCI Global Metals and Mining Producers ETF (PICK) has provided 1-year trailing total returns of 4.3% as compared with 12.6% for the Russell 1000 as of September 21, 2020. All other figures below are as of September 22, 2020.

Here are

Read More

InvestorPlace

7 Monthly Dividend Stocks To Buy Now For Safe Payouts

The stock market can be broadly separated into two groups — dividend stocks and non-dividend stocks. Among stocks that pay dividends to shareholders, most do so on a quarterly basis. But there are other directions a company can take with its capital return policy. Some companies decide to pay a dividend once per year, while others pay semi-annually. There are even monthly dividend stocks.Income investors may find monthly dividend stocks to be attractive, as they pay 12 dividends per year. Monthly dividend stocks deliver more frequent income payments than stocks with other payout schedules. * 10 Education Stocks to Buy for the Fall School Season This article will discuss our top 7 monthly dividend stocks right now.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * Realty Income (NYSE:O) * STAG Industrial (NYSE:STAG) * Shaw Communications (NYSE:SJR) *

Read More

Thesis

Resolute Mining’s (OTCPK:RMGGF) recently withdrawn FY 2020 production and cost guidance (following a 10-day strike notice from mineworkers’ union at the company’s Malian operations) has hit the share price hard. Considering the current prices, one may assume that the stock is technically attractive; but I disagree. In my view, RMGGF’s business performance is tainted by a plethora of issues relating to its operations, financials, as well as overall business management.

This article will highlight the key red flags in RMGGF’s balance sheet and income statement. Broadly, these issues relate to the company’s liquidity and debt profiles, outstanding share count, revenues, and profitability (including EBITDA margins). We’ll also discuss the operational challenges that hinder the company from taking maximum advantage of the prevailing high gold-price environment. Finally, we will discuss RMGGF’s pricing and considerations for potential investors who wish to expand their gold miners’ portfolio by investing in a geographically-diversified

Read More

By Sabrina Valle and Luciano Costa

RIO DE JANEIRO/SAO PAULO, Sept 18 (Reuters)Despite two major deadly mining disasters since 2015, Brazilian iron ore miner Vale SA VALE3.SA has not complied with a number of commitments signed with authorities to prevent a third disaster, federal prosecutor Edison Vitorelli told Reuters.

Twenty-nine dams that Vale uses to store mining waste still present elevated safety risks, according to Vitorelli, who forms part of a task-force of about two dozen federal and state prosecutors who pressed charges against the company after the most recent disaster which killed 270 people in January 2019.

Some of the mines linked to the dams that Vitorelli’s team regard as unsafe are vital to Vale’s plans to recover lost iron ore production and grow capacity to 450 million tonnes per year, a level that would make it once again the world’s largest producer of the steel-making

Read More

  • Jean-Sébastien Jacques, Rio Tinto’s chief executive, is stepping down following the backlash over the firm’s destruction of 46,000 year-old indigenious caves in western Australia.
  • The mining company is on the hunt for another CEO to replace Jacques. Two other senior executives will depart by the end of this year.
  • Rio Tinto chairman said in a statement that the company is determined to regain the trust of the indigenous people and “reestablish its reputation as a leader in communities and heritage management.”
  • Visit Business Insider’s homepage for more stories.

Mining giant Rio Tinto announced on Friday that CEO Jean-Sébastien Jacques will quit the firm along with two other senior executives, following the outcry over its destruction of two ancient caves in Australia that were considered sacred by indigenous people.

Jacques, who has headed the Anglo-Australian firm since 2016, will remain chief executive until the end of March 2021 or until the

Read More

Evolution Mining Investment Overview

Evolution Mining (OTCPK:CAHPF) reported its results for full-year 2020 on August 13th, 2020. The full-year results are as of June 30th, 2020.

Here are some of the notable achievements of Evolution Mining during this period.

  • The company completed the acquisition of the Red Lake Mine in Ontario, Canada.
  • Operating Mine Cash Flow increased 45 percent year over year.
  • Encouraging Maiden Reserve estimates for the Cowal mine.
  • The company completed the divestiture of the Cracow gold mine.
  • Increased reserves that resulted in an average mine life above ten years.
  • The company also had encouraging increases in the EBITDA margin year over year at every mine except Mt. Carlton.

Evolution Mining EBITDA Margin YoY Bar Chart

Source: Evolution Mining presentation

Cowal Mine

The Cowal Mine in New South Wales is an open-pit mine with a processing capacity of 7.5 million tons per year. Currently, the plant is being upgraded to be able to process 9.8

Read More

Figure 1

Alpha Property Map with corridors

Alpha Property Map with corridors

Figure 2

Mineral Prospectivity Indices (MPI) Map of Alpha Property with stripping locations

Mineral Prospectivity Indices (MPI) Map of Alpha Property with stripping locations

  • 176 g/t Au, 38.0 g/t Ag, 0.1% Cu over 0.6 metres at Valdora Zone 4
  • 9.0 g/t Au over 1.3 metres at Valdora Zone L17
  • Read More

    MARA) (“Marathon” or “Company”), today announced it has executed a Letter of Intent to acquire Fastblock Mining for 8,658,009 shares of its Common Stock in a private placement transaction exempt from registration. Once the transaction closes, the Company’s cost to mine Bitcoin will decline from $7,400 per Bitcoin to $3,600 per Bitcoin due to the lower than industry-standard electricity cost of $0.0285 per KwH.
    ” data-reactid=”13″LAS VEGAS, Aug. 26, 2020 (GLOBE NEWSWIRE) — Marathon Patent Group, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), today announced it has executed a Letter of Intent to acquire

    Read More