Exploring Mining Podcast 312 - News from (NYSE: MT) (NYSE: FSM) (NYSEAmerican: PZG) (TSXV: XPLR)
Vancouver, Kelowna, Delta, BC - December 6, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts.
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Exploring Mining Podcast 313 - News from (NYSE: MT) (NYSE: FSM) (NYSEAmerican: PZG) (TSXV: XPLR)
ArcelorMittal (NYSE:MT) has acquired Riwald Recycling, described as "a state-of-the-art ferrous scrap metal recycling business based in the Netherlands." Riwald operates two fully certified scrap metal yards in Almelo and Beverwijk, the Netherlands - each with direct port access - and processed over 330,000 tonnes of ferrous scrap metal in 2021. Geert Van Poelvoorde, ArcelorMittal Europe CEO, commented:
"This is the third metal recycling acquisition we have undertaken this year, reinforcing the important role that scrap steel can play in our efforts to decarbonise and meet our target to reduce the carbon intensity of the steel we produce in Europe by 35 per cent by 2030. Although it is ultimately the various low-carbon emissions steelmaking technologies which we are developing and deploying which will take us to net zero, given the urgent need to make progress this decade we are working hard to move forward on all fronts."
Fortuna Silver Mines Inc. (NYSE:FSM) has posted an update on its exploration program at the Seguela gold Project in Cote d'Ivoire. This, according to the press release, includes an upgraded Mineral Resource estimate with an additional 41 diamond and reverse circulation drill holes totaling 14,520 meters to the maiden Inferred Mineral Resource. Paul Weedon, Senior Vice President of Exploration at Fortuna, said:
"Drilling at Seguela has continued to highlight the exploration potential of the project including the definition of a maiden Indicated Mineral Resource and a substantial increase in the Inferred Mineral Resource at the Sunbird Deposit. Successful regional exploration work has identified two new prospects, at Barana and Badior, and additional high-grade results from Kestrel."
Paramount Gold Nevada Corp. (NYSEAmerican:PZG) has received a permit from the US Forest Service to drill its Bald Peak Project in Mineral County, Nevada. According to the press release, Bald Peak comprises "a 4-mile-long prospective area with significant gold mineralization identified in surface samples, promising geophysical targets, and excellent geology within the Aurora-Borealis mining district." Glen Van Treek, the company's President and COO, said:
"Our team has been excited about this Nevada opportunity from the completion of the initial due diligence. When considering the proximity to open pit gold mines coupled with initial excellent mineralized surface samples and co-incident geophysical anomalies on this property, which has never been drilled, all indications point to the potential for an open pit deposit."
Xplore Resources Corp. (TSXV:XPLR) has acquired, through staking, an additional seven claims totaling 9,120 hectares in the Borborema Pegmatite Province (BPP) of Brazil. The company's President and CEO, Wes Hanson, commented:
"We believe the Borborema district offers outstanding potential for lithium discovery and our goal is to mobilize field teams to both the Borborema as well as our Energia lithium property in Minas Gerais in 2023 to conduct reconnaissance mapping and sampling on both properties."
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