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X @TechCrunch
TechCrunch· 2026-03-13 19:46
Travis Kalanick is making a renewed comeback, with a new company called Atoms that will focus on robotics within the food, mining and transportation industries.How Atoms will actually accomplish that remains to be seen, but it could be starting with a "wheelbase for robots" that would be further specialized for non-humanoid robots.As for his existing ghost kitchen company, that will be folded into Atoms, amid additional chatter that Kalanick could be reentering the self-driving vehicle business with an Uber ...
X @Bloomberg
Bloomberg· 2026-03-13 19:24
Uber's co-founder Travis Kalanick has launched a new venture that will focus on creating “gainfully employed robots” for the food, mining and transport industries. https://t.co/a757nASde1 ...
IEA: Largest Oil Disruption in History. What It Means for Silver
Investorideas.com· 2026-03-13 18:00
Core Insights - The oil market is experiencing significant disruptions, with Brent crude prices surpassing $100 per barrel due to geopolitical tensions, particularly the Iran war, leading to the largest supply disruption in history [2][18] - India's SEBI reforms are set to open a substantial institutional investment channel for precious metals, potentially directing up to $970 billion into gold and silver ETFs, which could significantly impact silver demand [6][28] - The U.S. economy is facing stagflation, characterized by job losses and rising inflation, complicating the Federal Reserve's ability to respond effectively [11][26] Oil Market Dynamics - Brent crude closed above $100 per barrel for the first time since August 2022, following Iran's declaration regarding the Strait of Hormuz [2] - The International Energy Agency announced a historic release of 400 million barrels from emergency reserves, with the U.S. contributing 172 million barrels [2] - Gulf countries have cut production by at least 10 million barrels per day, exacerbating supply issues [2] Silver Market Developments - Silver is currently trading around $84, with a significant institutional demand expected from India's mutual fund industry, which manages approximately ₹81 trillion (around $970 billion) [3][7] - The SEBI reforms allow mutual funds to allocate up to 35% of assets to non-core holdings, including precious metals, with a specific activation date of April 1 [6][10] - At various allocation rates, the estimated silver demand could reach up to 20% of total global mine supply at a 5% allocation [8] Economic Indicators - The U.S. economy lost 92,000 jobs in February, with the unemployment rate rising to 4.4%, indicating a contracting labor market [11][14] - Q4 2025 GDP growth was reported at just 1.4%, with core PCE inflation at 3.0% and PPI rising by 0.5% month-over-month [12][14] - The combination of high oil prices and stagnant job growth exemplifies the conditions of stagflation, reminiscent of the economic environment of the 1970s [15][18] Mining Industry Constraints - The silver mining industry is facing significant structural constraints, including declining ore grades and a lengthy mine development timeline of approximately 15.7 years [21][24] - Major silver producers like Fresnillo PLC have reduced their production guidance, indicating a lack of responsiveness to rising prices due to geological and regulatory challenges [20][22] - The ongoing moratorium on new mining concessions in Mexico, which accounts for 25% of global silver supply, further complicates the supply situation [22][24] Future Outlook - The combination of India's SEBI reforms, the inability of the mining industry to respond to price signals, and the current stagflation environment suggests a tightening supply-demand balance for silver [26][28] - The current silver price does not yet reflect the potential impact of institutional investments or the rising costs associated with $100+ oil [28] - The structural supply-demand imbalance is expected to persist, driven by geological constraints and regulatory factors, rather than short-term price fluctuations [25][27]
Rio Silver Provides Corporate Update Highlighting Continued Operational Progress at Maria Norte
Globenewswire· 2026-03-13 17:19
Core Viewpoint - Rio Silver Inc. is advancing its Maria Norte Project in Peru and believes it is in its strongest operational position in history [1] Recent Developments - The company has achieved significant milestones including community engagement, permitting initiatives, metallurgical optimization, and access preparation for the Maria vein system [2][3] - These milestones reflect the company's disciplined strategy to develop a silver-dominant project in a historic mining district in Peru [3] Management Commentary - The President and CEO emphasized a methodical approach to overcoming barriers such as community engagement and permitting, leading to a stronger operational position [4] - The company is focused on a capital-efficient development strategy and aims to unlock long-term value from the project [4] Recent Operational Milestones - Key operational milestones include: - Permission to commence site activities - Progress toward formal community authorization - Advancements in access preparation and portal planning - Ongoing metallurgical optimization to refine processing flowsheet design - Engagement with local stakeholders and regional authorities - Technical programs supporting staged development planning [8]
Rio Silver Provides Corporate Update Highlighting Continued Operational Progress at Maria Norte
Globenewswire· 2026-03-13 17:19
Core Viewpoint - Rio Silver Inc. reaffirms its strongest operational position to date as it advances key development milestones for the Maria Norte Project in Peru [1] Group 1: Recent Developments - The company has achieved significant milestones including ongoing dialogue with the local community, advancing permitting initiatives, initiating metallurgical optimization work, and preparing access to the Maria vein system [2][3] - These milestones reflect the company's disciplined strategy to develop a silver-dominant project in one of Peru's historic mining districts [3] Group 2: Management Commentary - The President and CEO of Rio Silver emphasized the focus on execution and the removal of barriers such as community engagement, access preparation, permitting progress, and metallurgical validation [4] - The company is advancing the Maria Norte Project step by step with a clear pathway forward, supported by local communities and a capital-efficient development strategy [4] Group 3: Operational Milestones - Recent operational milestones include permission to commence site activities, progress toward formal community authorization, access preparation, and ongoing metallurgical optimization programs [6] - Technical programs are advancing to support staged development planning [6] Group 4: Company Overview - Rio Silver Inc. is a Canadian resource company focused on advancing high-grade, silver-dominant assets in Peru, which is the world's second-largest silver producer [5] - The company aims to establish itself as one of Peru's next emerging silver producers through a clear development strategy and a growing portfolio of prospective silver assets [5]
X @Bloomberg
Bloomberg· 2026-03-13 16:20
China’s state-backed iron ore trader has told steel mills that it’s temporarily easing restrictions on one of BHP Group’s grades, after worries over a broadening of bans against the mining giant sent prices rising this week https://t.co/Rt7hIBV5HN ...
Better Mining Stock: The Metals Company (TMC) vs. SSR Mining (SSRM)
Yahoo Finance· 2026-03-13 16:05
The opportunity to secure a domestic supply of other critical minerals has opened up a market for up-and-coming companies, including The Metals Company (NASDAQ: TMC). Meanwhile, the higher gold and silver prices have been a windfall for precious metals miners like SSR Mining (NASDAQ: SSRM). If you're weighing your investment options and are considering these two mining stocks, here's what you need to know and which one is a better investment today. Will AI create the world's first trillionaire? Our team j ...
Future Mineral Closes First Tranche of Private Placement
Globenewswire· 2026-03-13 15:22
TORONTO, March 13, 2026 (GLOBE NEWSWIRE) -- Future Mineral Resources Inc. (“Future Mineral” or the “Company”) (TSX: FMR) is pleased to announce that it has closed a first tranche (the “First Tranche”) of a previously announced non-brokered private placement financing of up to 15 million common shares at a price of $0.30 per share for gross proceeds of up to $4.5m (the “Offering”). For more information about the Offering, please see the Company’s press releases dated January 7, 2026, and February 2, 2026, ea ...
X @Bloomberg
Bloomberg· 2026-03-13 13:50
Rio Tinto will slow down construction of the Nemaska Lithium processing plant in Becancour, Quebec, just few weeks after it announced it has taken majority control of the project https://t.co/Gzm2o1iqGQ ...
Rockland Announces Ms. Paula Caldwell St-Onge to its Board Of Directors
Thenewswire· 2026-03-13 12:00
Core Insights - Rockland Resources Ltd. has appointed Ms. Paula Caldwell St-Onge to its Board of Directors, enhancing its governance and strategic capabilities [1][4] - Ms. Caldwell St-Onge has over 30 years of experience in the public sector, with expertise in international relations, trade, governance, and environmental sciences [2][3] - The company is focused on mineral exploration and aims to unlock value through its flagship Cole Gold Mines project in Ontario's Red Lake district [5] Company Overview - Rockland Resources Ltd. is committed to delivering meaningful growth and long-term value to its shareholders through disciplined exploration and strategic project development [5] - The company has recently seen a change in its Board of Directors, with the resignation of Ms. Tracy Hughes [4] Board Member Expertise - Ms. Caldwell St-Onge has significant governance experience in the mining sector, having served as an independent director for publicly listed mining companies [3] - She holds a Masters in Business Administration focused on Leadership and Sustainability and has an Institute of Corporate Directors Designation from the University of Toronto [2]