Articles for tag: 1.2bn, breaks, ground, lithium, Oklahoma, power, refinery, Stardust

January 28, 2025

Ron Finklestien

mining

Stardust Power Begins Construction on $1.2 Billion Lithium Refinery in Oklahoma

Stardust Power Takes Major Step in Lithium Refinery Development Acquisition of Prime Location Near Port of Muskogee Stardust Power acquired a 66-acre site (approximately 267,000 square metres) close to the Port of Muskogee in December 2024. This purchase follows an environmental evaluation in 2023, which confirmed the property is ideal for building a lithium refinery. The shovel-ready site is near the country’s largest inland waterway system and extensive road and rail networks. Strategic Benefits for Construction and Operations The company notes that the site presents numerous advantages for both construction and operations. Its location provides access to major logistical networks

October 15, 2024

Ron Finklestien

mining

“Power Nickel Achieves Record-Breaking Intersection in Quebec”

Power Nickel’s Recent Drill Success Ignites Hope for Carbon-Neutral Mining In a promising update, Power Nickel has successfully drilled into the mineralized zone at a depth of 118 meters, building on previous exploration efforts. By using data from earlier drill holes, the company adjusted its drilling approach, moving to a shallower depth further west. This change resulted in a productive strike, raising hopes for the project’s future. “This is very encouraging for lots of reasons: size of the zone, grade, depth of the intersection, and the move westward,” stated Power Nickel’s CEO, Lynch. Power Nickel got involved with the NISK

April 24, 2024

Ron Finklestien

mining

Power Nickel earns 80% of Nisk project in Quebec, adds polymetallic zone

Shares in Power Nickel have soared nearly 60% since it reported the first Lion drill results on April 15. They were up 4% on Wednesday to C41¢ apiece, valuing the company at C$65.6 million ($47.8m). “We have a real sentiment of having found a large prolific area hosting different styles of multi-elements mineralization, each being a smaller part of a much larger system,” Lynch said. “We look forward to ramping up our efforts throughout ’24 and ’25 as we seek to bring these targets to a production decision.” Drill hole PN-24-047 cut 14.4 metres grading of 0.59 gram gold per tonne,

April 24, 2024

Ron Finklestien

mining

Integrated Power to acquire ABB industrial services business

IPS offers complete in-shop electric motor and generator repair, including ABB and General Electric models. Credit: Integrated Power Services Integrated Power Services (IPS) is acquiring the assets of ABB’s industrial services business. The acquisition brings to IPS five well-equipped electric motor, generator, mechanical, switchgear, and circuit breaker service centers in Edmonton, Alberta, Burlington, Ontario, Arizona, Indiana, and North Carolina. The ABB business offers high-quality repair and field service capabilities for electric motors up to 50,000 hp  (37,285 kW) and low and medium-voltage switchgear equipment from 480 V to 15 kV. Additionally, the service centers perform rotating equipment repair services for

February 8, 2024

Ron Finklestien

mining

A Mining Crusade: Power Nickel CEO Exposes the Hazards of Naked Short-Selling

Terry Lynch, Power Nickel. Credit: The Northern Miner A crusade for transparency and the survival of junior mining companies against market manipulation is unfolding before our eyes, with Power Nickel (TSXV: PNPN; US-OTC: PNPNF) CEO Terry Lynch leading the charge. Lynch, a steadfast guardian of his company’s fortunes, uncovered what he deemed as persistent and suspicious trading patterns, prompting him to launch an investigation. In 2019, he spearheaded the formation of Save Canadian Mining, an alliance that has rallied industry leaders to confront and counter what he is convinced are illicit short-selling practices aimed at undermining the junior mining sector.

January 30, 2024

Ron Finklestien

mining

China’s Renewable Power Surging Ahead of Coal

Wind and solar power are projected to surpass coal in China’s power mix by the end of this year, ending coal’s slight 2023 advantage over the renewable sources, which accounted for 36% of capacity by the close of last year. China is set to generate 1,300 gigawatts (GW) of solar and wind power by the close of 2024, exceeding its official 2035 target of 1,200 GW five years ahead of schedule, a recent report indicates. Source: Global Energy Monitor, June 2023. The nation has outstripped the rest of the world in solar power capacity, boasting more than half of the