ACN Newswire
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Palladium One Initiates 2023 Exploration Program and Expands the Tyko Nickel – Copper Project, Canada

indie
3 minutes

TORONTO, ON, Jan 26, 2023 - (ACN Newswire via SEAPRWire.com) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to report that a high-resolution airborne magnetic survey has commenced at Tyko and that the Company has acquired an additional 4,520 hectares through staking contiguous with the Tyko Nickel - Copper Project, in Ontario, Canada (Figure 1).Figure 1. New Tyko property position map showing various mineralized zones, multi-line VTEM anomalies and interpreted feeder dyke / chonolith structures. Background is the 2021 survey magnetic survey Calculated Vertical Gradient ("CVG"). Greyed out zones are controlled by third parties.President and CEO, Derrick Weyrauch commented, "This low-cost strategic expansion of the Tyko property secures additional ground interpreted to host prospective feeder dykes / chonolith structures. The 2023 high-resolution magnetic survey, that is currently being flown, will incorporate these new claims and will greatly refine structures across the entire property. Results of the magnetic survey will be compiled in 3D along with a broad soil sampling / mapping program that is scheduled to start ...

ACN Newswire
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Jinchuan International’s 2021 Profit Attributable to Shareholders Surges 303% to US$120.5 Million

indie
7 minutes

HONG KONG, Mar 29, 2022 - (ACN Newswire via SEAPRWire.com) - Jinchuan Group International Resources Co. Ltd., (the "Company" or "Jinchuan International"; together with its subsidiaries, the "Group"; stock code: 2362), Jinchuan Group's flagship platform for overseas mineral resources development, has announced its audited annual results for the year ended 31 December 2021 (the "Year").Highlights of 2021 Annual Results-- Revenue amounted to US$831.9 million, up by 25.2% year-on-year. Revenue from mining segment was US$620.6 million and revenue from the trading of mineral and metal products was US$211.3 million-- Gross profit increased considerably by 188% to US$251.7 million-- Profit attributable to shareholders soared by 303% to US$120.5 million-- During the Year, the Group produced 61,260 tonnes of copper and 3,379 tonnes of cobalt and sold 57,001 tonnes of copper and 2,617 tonnes of cobalt-- Cost of sales of the mining business declined 16%, attributable to the Group's stringent control of costsDuring the Year, the Group recorded revenue of US$831.9 million, a year-on-year increase of 25.2%, which was attributable to the rise in the benchmark copper and cobalt prices. Total revenu...

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MC and Jetti Agree to Form Strategic Business Alliance

ruth
3 minutes

TOKYO, Jun 8, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce that it has increased its stake in Jetti Holdings, Inc. (Jetti), an American natural resources company that has developed a cutting-edge, catalytic technology that allows for effective extraction of copper from primary sulfide ores. MC and Jetti have also agreed to form a new business alliance. With global efforts to decarbonize intensifying, demand is on the rise for copper, a material that it vital for growth in electric vehicles and renewable energies. Unfortunately, this rise in demand is depleting copper resources and forcing mines to produce more low-grade ore. Jetti's catalytic technology enables heap and stockpile leach extraction of copper trapped in primary sulfide ores, which are usually discarded due to their low copper yields being insufficient to justify traditional processing methods. Jetti has already confirmed the commercial-scale effectiveness of its technology through its trial application at the Pinto Valley copper mine in Arizona. If the technology can be applied more broadly, it should result in more efficient development, conservation, and supply stabili...