US Department of Energy officials have met with key congressional staff, where they said such funding is urgently needed, Bloomberg reported.Read More

RAPAPORT... Zack Kramer has left his position as president of Brilliant Earth after just over a year in the role.In June, he became chief operating officer of financial services company Pendrell Corporation, according to his LinkedIn profile. Kramer started at Brilliant Earth in March 2021, following three years as vice president and general manager of sound and audio brand Sonos.Brilliant Earth,...Read More

RAPAPORT... The Gemological Institute of America (GIA) plans to convert all of its paper reports to digital within the next three years, beginning with its Diamond Dossier in 2023.The digital reports, which it will link to an app, will be more secure than their paper counterparts, the GIA said Tuesday. They will be paired with a new inscription-matching service, called GIA Match iD. This feature c...Read More

(IDEX Online) - Sanction-hit Alrosa is expected to make no dividend payment to shareholders for the second half of last year, citing the need to "maintain sustainability of its operations".The miner, a third owned by the Russian government, today announced that its supervisory board was recommending the move.In 1H 2021, Alrosa paid out just over $1bn (RUB64.7bn) to shareholders, more than 70% of t...Read More

(IDEX Online) - Bank of America is forecasting a 15 per cent increase in diamond prices this year, amid the ongoing squeeze on supplies.It says supply of diamonds is now the lowest since the Great Financial Crisis of 2008. And the US currently accounts for a half of global demand, says the bank, one of the world's largest financial institutions.Sanctions on Russia, over its invasion of Ukrain...Read More

(IDEX Online) - The Responsible Jewellery Council (RJC) appointed seven directors at its AGM, but has yet to find a permanent replacement for executive director Iris Van der Veken.She quit at the end of March over the council's failure to take a tougher stance against Alrosa, the miner that is one-third owned by the Russian government.The London-based watchdog was also rocked by the departure...Read More

(IDEX Online) - A huge 1kg platinum coin, set with 6.5-carats of Argyle pink diamonds, smashed estimates when it sold at auction for just over US$1m.The one-off creation is the highlight of the Royal Canadian Mint's Opulence Collection, featuring gems from the iconic Australian mine that closed in November 2020.The rose gold-plated, platinum coin, known as The Ultimate, was hand set with 462...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade.Novavax jumped $9.96 to $57.50 after the FDA Advisory Group voted to recommend the company's COVID 19 vaccine.Scotts Miracle Grow plunged $13.86 to $88.32 after issuing a profit warning. Campbell Soup added $1.70 to $48.30 after reporting higher than consensus fiscal third quarter revenu...Read More

Graphite One (GPH: TSXV; US-OTC: GPHOF) has reported high-grade results from its 2021 drill program at the Graphite Creek project in Alaska as it looks to complete a prefeasibility study towards the end of July. Highlights from the 2,150 metres of drilling include 5.8 metres grading 35.78% graphitic carbon starting from 61.6 metres in hole 21GC0624800; and 16 metres grading 6.9% graphitic carb...Read More

Fireweed Zinc (TSXV: FWZ) has inked a binding Letter of Intent (LOI) to acquire a 100% interest in the Mactung Tungsten Project in Yukon and the Northwest Territories, the company said in a news release Tuesday.The Mactung site, which straddles the border of the two territories contains one of the largest and highest-grade tungsten deposits in the world and is among the few potential sizable sourc...Read More

Montage Gold (TSXV: MAU; OTC: MAUTF) has entered into an agreement with Barrick Gold (TSX: ABX; NYSE: ABX) and Endeavour Mining (TSX: EDV; LSE: EDV) to acquire a 100% interest in the Mankono-Siss?(C)dougou joint venture project in C??te d'Ivoire.The JV project consists of three properties - Siss?(C)dougou, Gbongogo and Siss?(C)pl?(C) - that lie within the perimeter of the company's Kon?(C) gold pr...Read More

The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting.Alrosa reported a net profit of 91.32 billion rubles ($1.89 billion) in 2021, nearly triple the 32.25 billion rubles ($662.87 million) profit in 2020. Dividends for the first half of 2021 amounted to 64.7 billion rubles ($1.3 billion), topping 70...Read More

Amid the frenzied analyses of supply, demand and spiking prices for green metals and critical minerals, another metal may be preparing to steal the spotlight: gold. While the price of gold spiked earlier this year to US$2,068 per oz. (just shy of its August 2020 all-time high) on Russia's invasion of Ukraine, it hasn't stayed at those elevated levels. At press time, the yellow metal was at a rela...Read More

Canada's Hudbay Minerals (TSX: HBM; NYSE: HBM) unveiled Wednesday a preliminary economic assessment (PEA) for its Copper World Complex in Arizona, which includes recently discovered deposits at the property as well as the Rosemont asset.The document comes only two weeks after a U.S. court cleared the path for the company to proceed with its planned Copper World mine.Hudbay's other major copper...Read More

Savannah Resources (AIM: SAV), the company building western Europe's largest lithium mine, said on Wednesday it sympathized with shareholders' frustration regarding the time Portugal has taken to review its application, but noted it was a political process beyond the company's control.Chairman Matthew King said the company expected to make further progress at the Mina do Barroso project this year,...Read More

Share this articleVANCOUVER - Uranium stocks surged Tuesday, on the news, reported by Bloomberg, that the Biden Administration is seeking $4.3 billion in funds to purchase enriched uranium, a move aimed at spurring the development of the US uranium industry.The US has long been largely dependent on Russian uranium imports to meet demand for the nuclear reactor fuel. The proposed plan, which would...Read More

Kitco News, Released on 6/8/22Bill Baruch, President of Blue Line Futures, joins David Lin, Anchor and Producer at Kitco News, to discuss a possible recession, inflation, and which assets will perform best. Follow Bill Baruch on Twitter: @bill_baruch (https://twitter.com/bill_baruch)0:00 - Inflation7:23 - Recessions12:13 - Gold and silver18:39 - Oil bill baruch, gold, inflation, oil, recession,...Read More

The Korelin Economics Report, Released on 6/8/22Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review prior analogs in gold during bull market corrections, how the 2-year treasuries yield is a leading indicator of the Fed funds rate and monetary policy, and how peaks in oil pricing often coincide with lows in the precious metals mining stocks. It's a wide ranging discussion wh...Read More

Off-Guardian, Released on 6/8/22For those who haven't got to that stage yet, consider all the ways that monkeypox is following the exact same path as "Covid"...Continue... Monkeypox is following the Covid playbook step by step added by Herman James on 06/09/2022View all posts by Herman James ?+'Read More

The Felder Report, Released on 6/8/22The weakness in the stock market so far this year has many pundits and investors alike wondering Continue... Jesse Felder: Stocks can fall A LOT more from here added by Herman James on 06/09/2022View all posts by Herman James ?+'Read More