Gold saw incredible price gains in 2024, rising from US$2,000 per ounce to close to US$2,800. Various factors have lent support, including 75 basis points worth of interest rate cuts from the US Federal Reserve, geopolitical instability in Eastern Europe and the Middle East and uncertainty in global financial markets. Of course, it wasn’t all...
Tag: investing news
US$30 Million Prepayment Term Sheet and Offtake Agreement Executed with a Global Commodities Trader
In conjunction with the Offtake Agreement, the Company, SHPL and Trafigura have executed a binding term sheet (the “Prepayment Term Sheet”) for a US$30 million prepayment facility (the “Prepayment Facility”) which is subject to the satisfaction of certain conditions precedent. HIGHLIGHTS OF THE PREPAYMENT AND OFFTAKE TRANSACTIONS Prepayment Term Sheet Offtake Agreement Boab Managing Director...
Zero Candida Receives South African Patent for its ZC- 01 device
Zero-Candida T technologies, Inc. (ZCT) is FemTech developing an AI smart tampon-like device based on a therapeutic light source with a selected wave-length and intensity that can treat the Candida fungus successfully of 99.999% an POC overnight. Vulvo-Vaginal Candidiasis (“VVC”) affects about 75% of women globally, and ZCT’s device is game changer that has the...
Black Swans, White Swans and Trump’s Clash with the Fed
The Trump administration’s ability to reign in government spending, quash inflation and bolster the economy were the most prevalent topics during the popular economy panel at the New Orleans Investment Conference. Moderated by Adrian Day, president Adrian Day Asset Management, this year’s discussion featured James Lavish, Jim Bianco, Dr. Mark Skousen, Brent Johnson and James...
29Metals Shares Feasibility Study and Final Investment Decision for Gossan Valley Project
The feasibility study is an update to the 2022 version of the document. It outlines production of 4,000 tonnes of copper and 20,000 tonnes of zinc annually at Gossan Valley over an initial mine life of seven years. CEO James Palmer said the development of Gossan Valley is the “next logical development option” when it...
Cerro Leon drill results
HIGHLIGHTS Managing Director, Todd Williams: “The first nine holes at Karina exceed expectations and confirms the continuity of mineralisation along 300m strike and the potential for further extensions at depth. Notably, hole PR003-24 reported an exceptional individual assay of 2C03gpt silver, validating the shallow high-grade nature of mineralisation. With assays for 42 additional holes still...
Astral Resources Eyes Gold Production at Mandilla Project in Western Australia
Managing Director Marc Ducler outlined the positive economics for Mandilla, which is in Western Australia. He said they have improved significantly since a scoping study for the project was released in September 2023. “We were (projecting) a net present value of AU$440 million. And that’s at AU$2,750 (for the gold price). You move it to...
Top Stories This Week: Gold’s Post-Election Price Drop Explained, Friedland’s ASX Iron Ore IPO
The gold price continued its post-US election correction this week, sinking to nearly US$2,540 per ounce. While gold tends to fare better when rates are low, the opposite is true for the dollar. Yields for the 10 Year Treasury have moved higher since voting day too, although they’ve seen some bumpiness. “The economy is not...
Exclusive Interview with Alvopetro Energy CEO Corey Ruttan
To date, Alvopetro’s production accounts for roughly 13 percent of the natural gas produced in Bahia, and with investments already made in its gas production infrastructure and pipelines, any new natural gas discoveries moving forward can be quickly converted into production and cashflow. Watch the full interview with Alvopetro Energy President and CEO Corey Ruttan....
Cobalt Price Recovery Uncertain as Battery Chemistry Shifts Erode Demand
Cobalt market watchers are warning that a near-term resurgence in prices and demand may not occur. Prices are now sitting at the US$23,383.80 per metric ton level, an eight year low. The primary factor weighing on cobalt prices is softening demand from the battery sector. Cobalt usage has declined as the industry shifts away from...