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Potential Supply-Demand Imbalance? The Growing Role Of Uranium And Copper Amid The Global Energy Transition

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–News Direct–

By Austin DeNoce, Benzinga

The global renewable energy landscape, spurred by the green transition, is marked by growing demand for a number of commodities. Among those, two critical materials in particular are gaining traction: uranium and copper. This trend is intricately linked to the worldwide shift toward zero-carbon emissions and the pursuit of more reliable and efficient energy sources.

The projected 86% increase in electricity demand by 2050, underscores the critical need for energy-related commodities in the energy transition. Uranium, vital for nuclear energy, and copper, essential for any kind of electrical transmission, are at the forefront of this shift, presenting potential investment opportunities as their demand likely outpaces supply in the coming years.

Uraniums Role In The Energy Industry And Green Transition

One uranium fuel pellet can produce energy equivalent to 149 gallons of oil or one ton of coal, yet the commodity still managed to take a back seat to fossil fuels over the last several decades despite being a much cleaner energy source. However, uranium seems to finally be claiming its pivotal role in the energy sector, primarily driven by the resurgence of nuclear power as a reliable and low-carbon energy source. The global expansion of nuclear energy, highlighted by numerous new reactor constructions in countries like China, reflects a global commitment to diversifying energy sources and minimizing carbon footprints.

Nuclear energy's density, reliability and efficiency make it an attractive option for powering high-demand sectors, such as data centers and computationally demanding AI models that require massive amounts of baseload power. Unlike wind, solar and many other renewables, nuclear power can more easily supply energy around the clock. And unlike fossil fuels, it doesnt produce direct carbon dioxide emissions. In other words, nuclear power could potentially offer the best of both worlds. The only catch is that nuclear power plants take a long time to be built and brought online, and there currently seems to be an undersupply of uranium due to underinvestment in mining. However, uranium miners are working to catch up.

Coppers Role In The Energy Industry And Transition to Cleaner Energy

Copper is another metal that often flies under the radar in regard to the energy transition, but it is fundamental to the energy sector's evolution, especially in the upgrade and expansion of energy grids and the global shift toward the electrification of vehicles. Coppers high electrical conductivity positions it as an essential commodity used in construction, power generation and increasingly in the electric vehicle (EV) and renewable energy sectors.

As the world strives to meet its net-zero emission goals, the demand for copper looks poised to soar, driven not only by its traditional roles but also by its critical function in renewable energy technologies and electricity networks. This anticipated surge in demand juxtaposes a looming supply challenge, with projections suggesting that existing mines and projects under construction may only meet 80% of the copper requirements by 2030. This scenario, similar to that of uranium, underscores the urgency for strategic investments in copper mining and production to bridge the potential supply-demand gap. For copper to play its indispensable role in facilitating a sustainable, electrified future, it is likely going to take a lot more investment to bring more supply to market.

Sprotts Uranium And Copper ETFs

For investors looking to tap into the burgeoning markets of uranium and copper, Sprott Asset Management offers targeted investment solutions through its specialized exchange-traded funds (ETFs). For those interested in uranium investments, Sprotts offerings include the Sprott Physical Uranium Trust (OTCMKTS: SRUUF), the Sprott Uranium Miners ETF (NYSE: Arca: URNM) and the Sprott Junior Uranium Miners ETF (NASDAQ: URNJ). These funds aim to provide investors with diversified exposure to the uranium sector through physical uranium and uranium mining companies.

Similarly, the Sprott Copper Miners ETF (NASDAQ: COPP) and the Sprott Junior Copper Miners ETF (NASDAQ: COPJ) offer investment avenues in the copper industry, focusing on pure-play mining companies that stand to benefit from copper's critical role in the energy transition. Pure-play means that the companies in the holdings earn more than 50% of their revenue from the mining and production of copper. Together, Sprott's ETFs represent a possible strategic opportunity for investors to engage with the essential materials driving the global shift toward renewable energy and sustainability.

Investment Insights In A Clean Energy Future

Uranium's resurgence in the nuclear sector and copper's critical function in electricity transmission and renewable technologies highlight their growing roles in the global energy landscape. Sprott says its specialized ETFs provide investors with opportunities to gain exposure to these vital sectors, and a way to participate in the growth potential of the energy transition. As the demand for clean and efficient energy sources continues to rise, uranium and copper could potentially drive significant returns in the pursuit of a greener future.

Featured photo by Riccardo Annandale on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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SlowBlink Maine Coons Recognized as the Only BBB Accredited Cat Breeder in Canada

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Ongoing Accreditation Highlights Commitment to Ethical Breeding Practices

SlowBlink Maine Coons (https://slowblinkmainecoons.com), a family-run Maine Coon cattery, proudly announces its status as the only cat breeder in Canada with ongoing accreditation from the Better Business Bureau® (BBB) since 2023. 

“SlowBlink Maine Coons is one of the best Maine Coon catteries in the world,” said Mia Wiens, breeder at SlowBlink Maine Coons, “Slow blinking is how cats say ‘I love you.’ Our cats are always slow blinking at us, and that is why we named our cattery SlowBlink!”

Each kitten is raised as a member of their family, sleeping in their bed with them every night. SlowBlink makes the adoption process easy and stress-free.

Leading the Way in the Industry

In addition to its BBB certification, SlowBlink Maine Coons has received prestigious recognitions, including TICA Outstanding Cattery and CFA Cattery of Excellence awards. These accolades highlight the Maine Coon breeder’s unwavering commitment to providing top-quality care and ensuring the well-being of each kitten.

SlowBlink is also equipped with Veterinary and Feline Genetics related Certifications from Stanford Medicine, Thompson Rivers University, WSAVA (World Small Animal Veterinary Association), American Association of Feline Practitioners (AAFP), and PawPeds.

These credentials help ensure each Maine Coon kitten receives the best possible care, from nutritional needs to overall health. 

SlowBlink’s recently released Maine Coon Color Calculator (https://slowblinkmainecoons.com/color-calculator) has quickly become the top Color Calculator used by Researchers, Breeders, Veterinarians, and Cat Owners.

Trust and Quality at the Forefront

SlowBlink Maine Coons’ dedication to transparency and quality comes at a time when the cat breeding industry is often marred by unethical practices and scams. 

Digital quality, security, and accessibility are also a priority. Google Chrome recognizes SlowBlink as a trusted site by including it in the browser’s code ensuring secure and trusted access for all visitors.

As the only BBB-Accredited breeder in Canada, potential cat parents can adopt with confidence, knowing they are working with a trustworthy cattery committed to the highest standards of care and professionalism.

About SlowBlink Maine Coons

Located in Burnaby and on Vancouver Island in British Columbia, SlowBlink specializes in breeding the most beautiful, rare, healthy and well-socialized Maine Coon kittens from proven European bloodlines. 

SlowBlink provides free local delivery across the Lower Mainland, Greater Vancouver Area, and Vancouver Island, and offers safe shipping throughout Canada and the USA, ensuring that each kitten arrives safely at their new families.

Give the greatest gift — the love of a Maine Coon from the only BBB-Accredited cat breeder in Canada.

Media Contact

Organization: SlowBlink Maine Coons

Contact Person: Mia Wiens

Website: https://slowblinkmainecoons.com

Email: Send Email

Contact Number: +17788749866

City: Vancouver

State: British Columbia

Country: Canada

Release Id: 21102418673

The post SlowBlink Maine Coons Recognized as the Only BBB Accredited Cat Breeder in Canada appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Monique Nikkole Releases Empowering New Single “Queen Of The Hustle”

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Monique Nikkole, the rising R&B artist known for her powerful vocals and empowering lyrics, has just dropped her latest single “Queen Of The Hustle”. The song, which is now available on all major streaming platforms, is a celebration of hard work, determination, and resilience.

“Queen Of The Hustle” is a timely release, as it comes at a time when many people are facing challenges and uncertainties due to the ongoing pandemic. The song serves as a reminder that no matter the circumstances, we all have the strength and resilience to overcome any obstacle and achieve our goals.

Monique Nikkole’s soulful voice and heartfelt lyrics make “Queen Of The Hustle” a must-listen for anyone in need of a motivational boost. The song’s catchy beat and uplifting message will have listeners feeling empowered and ready to take on the world.

In addition to her powerful vocals, Monique Nikkole is also known for her philanthropic efforts. She has used her platform to raise awareness and funds for various causes, including mental health and women’s empowerment. With “Queen Of The Hustle”, she continues to inspire and uplift her audience, spreading a message of strength and resilience.

“Queen Of The Hustle” is just the beginning for Monique Nikkole, as she has more music and projects in the works. Fans can stay updated on her latest releases and performances by following her on social media and streaming her music on all major platforms. With her talent, passion, and dedication, Monique Nikkole is undoubtedly on her way to becoming a household name in the music industry.

For media inquiries or to schedule an interview with Monique Nikkole, please contact www.moniquenikkole.com. Don’t forget to check out “Queen Of The Hustle” and let Monique Nikkole’s powerful voice and inspiring lyrics be the soundtrack to your hustle.

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MEYA MINING’S 391-CARAT DIAMOND RECOVERY MARKS MEGA CLIPPIR DISCOVERY

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Trustco Group Holdings Ltd (“Trustco”) has announced the findings of a recent examination of the 391.47-carat diamond recovered by Meya Mining (“Meya”) in Sierra Leone. Trustco holds a 19.5% interest in Meya, which operates under a 25-year exclusive diamond mining license in the Kono District.

The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024, in the first of 16 domains targeted by Meya. Along with two smaller fragments weighing 105.43 carats and 18.11 carats, this marks the second significant find from the region, confirming its potential as a source of high-value diamonds.

A detailed examination, conducted by Dr. Evan M. Smith of the Gemological Institute of America (GIA), confirmed the diamond as Type IIa, a classification that indicates high purity due to the absence of nitrogen. Further analysis showed the diamond is part of the CLIPPIR variety (Cullinan-like, large, inclusion poor, pure, irregular, resorbed), similar to some of the world’s most valuable diamonds.

According to the examination report, the diamond contains metallic inclusions, mainly iron-rich metals, which suggest it formed deep in the Earth, between 360 and 750 kilometers below the surface. Despite these inclusions, large parts of the stone remain clear, making it an important geological find. The discovery of this CLIPPIR diamond at the Meya mine confirms that the area contains large Type IIa diamonds.

Quinton Z van Rooyen, Deputy CEO of Trustco

Quinton Z van Rooyen, Deputy CEO of Trustco, added: “The recovery of this CLIPPIR diamond sheds light on Meya’s extraordinary geological landscape. As the diamond world contemplates the eventuality of a 5000-carat stone, our recent find indicates that Meya’s unique geology positions us well for potentially historic discoveries in the future.”

On June 5, 2024, shareholders were informed that Z Star Mineral Consultants, an independent consulting firm, estimated the in situ resource of Meya River Domain at USD 763 million. This Meya River domain accounts for less than 3% of the overall Meya Mining project potential resources. (Available here: https://tinyurl.com/2twpv78v).

Additionally, on September 2, 2024, shareholders were advised that the NI 43-101 Technical Report for the Meya Diamond Mine Project was published, offering a Preliminary Economic Assessment (PEA). The PEA showed promising economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of USD 95.1 million at a 10% discount rate over a projected 7-year mine life. (Available here: https://tinyurl.com/yvy8p6xs).

These reports also noted that the estimated value of diamonds recovered from bulk samples and run of mine production of the Meya River domain which were sold at public auctions is USD 380 per carat.  This estimation excluded the sale of the 476ct Meya Prosperity diamond (USD 34 664 per carat) or several subsequent large stones found due to their distinct nature. The valuation matrix currently used to assess Trustco’s 19.5% stake in Meya Mining, at USD 110 million, may be adjusted in the future to account for these historical exceptional finds. Shareholders are advised that this could affect future valuations.

The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024

Meya Mining is now focused on improving its recovery process to prevent breakages of large diamonds in the future. The company is working with its engineering and processing partners to upgrade the plant and increase its capacity to recover large diamonds intact. This discovery strengthens Trustco’s Mining portfolio but also highlights Sierra Leone’s position as a key player in the global diamond market.

About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.

Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with  recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 21102418730

The post MEYA MINING’S 391-CARAT DIAMOND RECOVERY MARKS MEGA CLIPPIR DISCOVERY appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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