Latest news with #mineralreserves
Globe and Mail
01-07-2025
- Business
- Globe and Mail
$150 Trillion Mineral Wealth Could Transform U.S. Economy, Expert Says
Jim Rickards: 'America isn't broke — we're sitting on a fortune.' WASHINGTON, D.C. - July 1, 2025 - As the U.S. grapples with a national debt exceeding $34 trillion, a massive $150 trillion in untapped mineral reserves beneath federal lands could offer a game-changing solution, according to Jim Rickards, a former advisor to the CIA, Pentagon, and U.S. Treasury. 'This wealth could pay off the national debt multiple times over,' Rickards asserts. 'It's time to debunk the myth that America is broken.' A Hidden Economic Powerhouse Buried beneath public lands, these reserves — rich in copper, lithium, rare earth elements, and other critical minerals — have been locked away for decades by regulatory restrictions. Now, emerging opportunities are bringing these resources within reach. 'We're on the verge of accessing this enormous asset,' Rickards says. 'This could redefine America's economic future.' With global demand for minerals surging due to technology and clean energy needs, tapping these reserves could position the U.S. as a leader in the global economy. Reviving a Historic Opportunity In the 1800s, America's public lands were a springboard for wealth creation, turning dreams of 'rags to riches' into reality. Over time, regulations restricted access, leaving these resources largely untapped. Today, the potential to unlock these reserves could spark a new era of prosperity. 'This isn't a government handout,' Rickards emphasizes. 'It's an opportunity for businesses, investors, and everyday Americans to benefit from a resource that's part of our nation's foundation.' A Path to Economic Strength Rickards argues that leveraging these minerals could address economic challenges without raising taxes or increasing foreign borrowing. 'Trillions of dollars in wealth lie beneath our soil,' he says. 'Accessing it could drive unprecedented growth.' Experts suggest that tapping these reserves could create millions of jobs, bolster domestic manufacturing, and secure supply chains for critical technologies like electric vehicles and renewable energy systems. Why This Matters Now As global competition for resources intensifies, unlocking America's mineral wealth could strengthen national security by reducing reliance on foreign supplies. It also offers a chance to stabilize the economy and fuel growth for generations. 'This is about harnessing our nation's potential,' Rickards says. 'The wealth is here — we just need to act.' About Jim Rickards Jim Rickards, a leading economic strategist, served as an advisor to the CIA, Pentagon, and U.S. Treasury. With an esteemed career shaping geopolitical policies, including the Petrodollar Accord and crisis-era responses, he now edits Strategic Intelligence, providing insights on economic trends, national security, and global opportunities. Media Contact: Derek Warren Public Relations Manager Paradigm Press Group To view original press release on PR Gun, please visit Media Contact Company Name: Paradigm Press Group Contact Person: Derek Warren - Public Relations Manager Email: Send Email City: Washington State: D.C. Country: United States Website:
Yahoo
26-06-2025
- Business
- Yahoo
Integra Resources Launches Gold Resource Growth Drill Program at Florida Canyon Mine
Integra Resources Corp. (NYSE:ITRG) is one of the best Canadian stocks with huge upside potential. Earlier in May, Integra Resources announced the commencement of a gold resource growth-focused drill program at its primary operating asset, which is the Florida Canyon Mine in Nevada. The 2025 drill program, which began in early May, is the first phase of a multi-year growth strategy aimed at expanding mineral reserves and resources, extending mine life, and maximizing the value of Florida Canyon. The program is expected to conclude in Q3 2025, with initial results anticipated during the summer months of 2025. The 2025 drill program will consist of ~10,000 meters of reverse circulation/RC drilling, which is budgeted at ~$1.5 million. This drilling is focused on 3 key near-mine targets at Florida Canyon to support oxide mineral reserve and resource growth and extend the mine's operational life. An aerial view of a vast mining project in a remote area of a landscape. The program is designed to support a mineral resource and reserve update, along with a revised life-of-mine plan, in early 2026. The Florida Canyon Mine has a long operating history, having produced ~2.7 million ounces of gold from over 200 million tonnes of ore mined since operations began in 1986 through the end of 2024. As of December 31, 2024, proven and probable mineral reserves at Florida Canyon totaled 70.4 million tonnes at a grade of 0.35 grams per tonne gold, amounting to 785,000 ounces of gold. Integra Resources Corp. (NYSE:ITRG) is a precious metals producer that acquires, explores, and develops mineral properties in the Great Basin of the Western US. While we acknowledge the potential of ITRG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
19-06-2025
- Business
- Globe and Mail
AEM's Reserve Growth Spurs Confidence: Can It Keep Drilling Success?
Agnico Eagle Mines Limited AEM made substantial efforts in the first quarter for the continuation of its mineral reserve replacement, a critical metric reflecting growth potential. At the end of 2024, AEM boosted its proven and probable gold reserves by 0.9% year over year to 54.3 million ounces. More notably, inferred mineral resources expanded around 9% to 36.2 million ounces, thanks to successful exploration drilling at Detour Lake, East Gouldie, Hope Bay, Meliadine, Fosterville and Macassa. Year-end expansion set a strong foundation, and the first quarter of 2025 saw further progress as drilling campaigns advanced key projects. During the quarter, AEM continued exploration drilling to extend the East Gouldie deposit at Canadian Malartic to the east and extend the newly discovered Eclipse zone. Underground conversion drilling into the upper eastern extension of the East Gouldie deposit also indicated potential to add mineral resources and mineral reserves to East Gouldie by the end of 2025. At Hope Bay, shallow drilling at Patch 7 also suggests the potential for mineral resource expansion. Drilling at the Marban deposit, added through the acquisition of O3 Mining, also focuses on mineral reserve and mineral resource expansion. Agnico Eagle's initiatives in expanding its reserve base and inferred resources position it as a growth-oriented player among major peers. Maintaining drilling pace and converting potential into formally declared reserves through 2025 will be key, as it constitutes a critical barometer for long-term growth. Among its peers, Newmont Corporation NEM logged gold reserves of 134.1 million attributable ounces at the end of 2024 (including assets held for sale), a 1.3% decline from 135.9 million attributable ounces a year ago, weighed down by depletion and unfavorable revisions. Newmont's go-forward Tier 1 portfolio included 125.5 million attributable gold ounces. While Newmont's overall reserve base remains substantial, the lack of growth raises red flags. Barrick Mining Corporation B reported robust growth in reserves, with its proven and probable gold mineral reserves climbing approximately 17.4 million ounces in 2024, a clear sign of strong reserve replacement. Barrick's attributable proven and probable mineral reserves were at 89 million ounces at the end of 2024, up from 77 million ounces a year ago. Barrick demonstrates proactive exploration and conversions, insulating its reserve profile from near-term production drawdowns. The Zacks Rundown for AEM Agnico Eagle's shares have rallied 56.8% year to date against the Zacks Mining – Gold industry's rise of 56.4%, driven by the record-setting upside in gold prices. From a valuation standpoint, AEM is currently trading at a forward 12-month earnings multiple of 20.27, a roughly 42.6% premium to the industry average of 14.21X. It carries a Value Score of C. The Zacks Consensus Estimate for AEM's 2025 and 2026 earnings implies a year-over-year rise of 42.6% and 0.8%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days. AEM stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Barrick Mining Corporation (B): Free Stock Analysis Report
Times
22-05-2025
- Business
- Times
Inside Zelensky's mineral deal with US — by minister who signed it
When President Trump celebrates his 'rare earths deal' coming into force today, the economy minister who signed it for Ukraine will have only a moment's respite before embarking on her next challenge: extracting the cash needed to make it work.'It will only become practical when the United States provides the first contribution,' Yulia Svyrydenko, 39, told The Times in her first interview since signing the agreement alongside Scott Bessent, the US Treasury secretary, in Washington on April 30. 'We need a $5 billion to $10 billion investment — implementing critical raw materials projects is time-consuming and very costly. New projects require us to conduct a geological survey, a pre-feasibility study and a feasibility study.' Ukraine is believed to have vast mineral reserves, including 19
