Peak Rare Earths secures approval for offtake agreement with Shenghe
Peak Rare Earths Secures Offtake Deal Approval with Shenghe Resources for Ngualla Project in Tanzania In a significant development for the mining industry, the Tanzanian Mining Commission has granted approval for an offtake agreement between Peak Rare Earths (ASX: PEK) and Shenghe Resources (SSE:600392) that covers 100% of rare earths concentrate production from the Ngualla […]
VERSES Announces US $10M Investment by G42
VERSES AI Inc. has secured a $10 million investment from Group 42 Holding Ltd (G42), a UAE-based AI technology leader, through a private placement of convertible debentures and warrants. The funding aims to enhance AI development towards smarter, safer, and more sustainable solutions. Each debenture includes a 10% interest rate, maturing in June 2026, convertible […]
Iran indicates a significant increase in nuclear enrichment at critical site
Iran’s Nuclear Expansion Raises Concerns of Accelerating Toward Nuclear Arsenal An alarming report reveals that Iran’s most secure nuclear facility, Fordow, is undergoing a major expansion that could triple its production of enriched uranium. This expansion, confirmed by International Atomic Energy Agency inspectors, is set to escalate tensions with Western governments and heighten fears that […]
Canada prohibits the sale of rare earths to China
The decision by Canada to block the sale of rare earth elements to China marks a significant shift in its approach to critical minerals and national security. With China’s domination in the sector, Ottawa is taking steps to reduce foreign reliance and develop secure domestic value chains. This move comes as part of a broader […]
Nvidia AI Servers Set This In Revenue Pure Play Up For Explosive Growth
Revenue Generating Pure Play AI Company Knocking it Out of the Park Sponsored by Alset AI Ventures The demand for enterprise AI is rapidly growing with the global AI market expected to reach $170 billion USD by 2029. With China pulling out all the stops in an effort to become the de facto leader in AI development […]
Production of Uranium Commences at Alta Mesa Facility in Texas, USA
Uranium production has officially started at the Alta Mesa in-situ recovery (ISR) central processing plant in South Texas, US. The facility, majority-owned by enCore Energy, is anticipated to produce 1.5mlb of uranium annually. Additionally, Boss Energy, holding a 30% stake in the project, has the rights to sell and market its share of the uranium […]
US Government Lays the Foundation for Onshoring of Uranium Exploration
The uranium market has reached a critical juncture. Supply constraints, uranium inventory drawdowns, extension of existing nuclear power generation projects as well as the development of advanced nuclear technologies have rocketed demand levels. Unfortunately, there are almost no safe domestic supplies for uranium. China and Russia control 60 percent of the globe’s uranium enrichment capacity, […]
Iran acquires 300 tons of uranium from Niger for nuclear purposes
The Islamic Republic of Iran has been making headlines with its recent purchase of 300 tons of refined uranium from Niger in a secret deal, fueling concerns about Tehran’s nuclear ambitions. The London-based independent news organization Iran International broke the news about Iran’s clandestine negotiations with Niger’s Junta government, shedding light on the covert agreement. […]
Carlyle Announces Private Placement of up to $600,000 – Carlyle Commodities
Carlyle Commodities Corp. (CSE:CCC, FSE:BJ4, OTC:CCCFF) plans to conduct a non-brokered private placement offering of up to 15 million units at $0.04 each, aiming for gross proceeds of $600,000. Each unit comprises one common share and a warrant to purchase another share at $0.10 within 36 months. The funds will support the advancement of the […]
Vietnam not to export rare earth elements, says Deputy PM
Deputy Prime Minister Tran Hong Ha makes clear some issues relating to the government’s plan to exploit rare earth elements in Vietnam Addressing National Assembly deputies, Ha said Vietnam’s rare earth reserves account for 18% of the world’s total. He cited statistics stating the current global market demand for rare earth elements has increased about […]