Morning Briefing: Energy Fuels Begins Producing Heavy Rare Earths at White Mesa
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Thursday, July 17th
Helen Keller once said Life is a daring adventure or nothing at all. And when it comes to ideas and news headlines out of Washington anymore, every day is a new adventure. Yesterday, the rumor mill out of DC was the speculation that President Trump does intend to fire Fed Chair Jerome Powell. The news was fairly quickly negated by President Trump, but caused whipsaws in markets, including the US Dollar, which saw more than a 100 basis point swing in the DXY. But this morning, the dollar has renewed strength, causing gold to fall back to $3,300/oz. Silver is currently trading just north of $38 per ounce.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Revival Gold
Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-gold.com
And here’s what you need to know this morning…..
Energy Fuels says they have commenced producing heavy rare earth element oxides at its White Mesa Mill at pilot scale and could be in a position to produce separated heavy rare earth oxides on commercial scale as early as Q4 of next year. Energy Fuels expects to complete production of its first kilogram ("kg") of Dy oxide within the next 30 days. The Company expects to continue producing Dy oxide on a pilot scale until the end of September 2025, at which time it expects to have produced approximately 15 kg of Dy., generating enough residuals to feed its Terbium ("Tb") circuit starting the beginning of October 2025. The Company expects to have produced one kg of Tb on a pilot scale by the end of November 2025. If progress continues as planned, the Company expects to be able to start producing samarium ("Sm") oxide on a pilot scale at the Mill in January of 2026. (NYSE American: UUUU) (TSX: EFR) News Release
Integra Gold provided an interim operational update for the second quarter. The Florida Canyon Mine ("Florida Canyon") produced 18,086 ounces of gold and sold 18,194 ounces of gold during the second quarter 2025, in-line with the Company's expectations. Consistent gold production was supported by the recovery of gold ounces placed on the Phase IIIa heap leach pad in the first and second quarters of 2025, as well as residual ounces leached from Phase I and II heap leach pads. (TSXV: ITR) (NYSE American: ITRG) News Release
NexGold provided additional drill results from a recently-completed 26,854-metre diamond drill program initially announced on January 22, 2025 at the Company’s Goldboro Open Pit Gold Project in Nova Scotia. The drill program is primarily designed to infill specific areas of the open pit Mineral Resource identified to improve geological and grade continuity and potentially upgrade certain areas of Inferred and Indicated Mineral Resources. Highlighted results this morning include 50.73 g/t gold over 6.65 metres, 5.28 g/t gold over 19.20 metres and 59.60 g/t gold over 0.85 metres. Results from the drill program, to date, demonstrate the presence of mineralization that is consistent with previous drill results in the proposed west and east pits. In particular, the existing geological model appears to broadly predict the location of gold mineralization with local adjustments to the model where mineralization is either not in the exact positions predicted by the model or if no mineralization is intersected. Significantly, the drill program continues to intersect additional gold mineralization in areas where mineralization was previously unknown or predicted. (TSXV: NEXG; OTCQX: NXGCF) News Release
Gold Hart Copper has acquired three new gold-copper-silver properties in Chile. Specifically, Gold Hart has acquired the Pingo Property, Nessa Property, and Manto Carolina Property, with the acquisitions increasing Gold Hart's total land position in Chile by approximately 30%.
These new Gold Hart properties are situated on Chile's Paleocene-Eocene Belt on the Domeyko Fault, with Kinross' La Copia Gold Mine to the east, Rio2's Fenix-Maricunga Gold asset to the south, and Chile's state-owned Codelco's Portrerillos & El Salvador Copper Mines just to the north. (TSXV: HART) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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