Hot News in this Week
Jun 13, 2025
Nova Scotia has received no bids for its request for proposals (RFPs) covering three areas prospective of nuclear fuel uranium, despite recently lifting its decades-long ban on uranium exploration. The RFPs were announced last month and the application deadline was June 11, with the province's Premier Tim Houston stating that uranium mining can be done safely, but acknowledging that pushback from municipalities and the Assembly of Nova Scotia Mi’kmaw Chiefs has been received. The Mining Association of Nova Scotia (MANS) believes that cutting red tape in permitting is essential to expedite the process while maintaining environmental standards, as current delays can take an average of 17 years from mineral deposit discovery to actual mining, hindering efforts to achieve climate goals.
Source: www.mining.com
Gold prices surged to a one-month high on Thursday, driven by simmering Middle East tensions and increased momentum for a Federal Reserve rate cut, with spot gold advancing 1.0% to $3,388.20 an ounce and US gold futures rising 1.9% to $3,406.60 an ounce.
Source: www.mining.com
Silver prices have soared to a 13-year high of $36.90 per ounce on Monday, fueled by a weakening U.S. dollar, inflation concerns, and expectations of lower interest rates, with the metal's price movement closely mirroring that of gold and analysts watching next week's Federal Reserve meeting for any signs of an easing monetary stance that could further boost prices.
Source: www.miningfeeds.com
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