“Those are the key catalysts to look forward to, and we think they can really move the company's valuation along, particularly if the uranium term price continues marching northward,” said Bruce Lane, executive director of American Uranium.
American Uranium (ASX:AMU) is advancing drilling at its Lo Herma project in Wyoming, with work continuing into the winter season, according to Executive Director Bruce Lane in an interview with the Investing News Network.
The company is currently awaiting results from recent hydrogeological testing to assess aquifer flows at the project site. Lane said results are expected before Christmas, with the potential to finish the full program by year end depending on Wyoming’s winter conditions. The drill results will feed into an upgraded mineral resource estimate planned for the early part of next year.
“Once that process is done, we'll look back to our planned infill drilling program, and we'll tweak that based on the results from the program we're doing now. The infill drilling then would lead us to potentially another resource update, and then a scoping study update,” Lane said.
Lane emphasized Wyoming’s long-established uranium-mining environment as a key advantage. He noted the state “has been mining uranium via the in-situ recovery (ISR) method since the late '60s and early '70s, and was really the heart of uranium mining in the US."
The Lo Herma project’s geology is well suited for ISR mining, a cleaner and more cost-effective process for uranium extraction.
Watch the full interview with Lane above.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Keith Weiner, founder and CEO of Monetary Metals, shares his gold and silver outlook.
In his view, all of their drivers remain intact, meaning that current trends are likely to continue in 2026.
"I don't think you're going to go wrong with either," Weiner said.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Jay Martin, CEO of VRIC Media, outlines the resource sector trends he's watching.
He also discusses what he's doing with his money and shares details on the Vancouver Resource Investment Conference (VRIC), which is set to run from January 25 to 26, 2026.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Bert Dohmen, founder and CEO of Dohmen Capital Research, discusses precious metals.
He believes gold's fundamentals support "much higher prices" for a number of years, and sees silver doing even better as the US faces down the specter of potential deflation.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
The gold price remained fairly steady this week after last week's brief uptick, largely trading between US$4,000 and US$4,100 per ounce during the period.
Silver was more volatile, jumping briefly above the US$52 per ounce level.
The precious metals faced some pressure on Thursday (November 20) after the release of September US jobs data. The Department of Labor report, which was delayed due to the government shutdown, came in stronger than expected, with nonfarm payrolls increasing by 119,000 for the month.
That's more than double the gain of 50,000 estimated by analysts.
The jobs numbers have dampened expectations that the US Federal Reserve will reduce interest rates at its December gathering, as have minutes from the central bank's latest meeting.
The minutes highlight dissent surrounding October's rate cut. They also state that while "several participants" believe lowering rates could be appropriate next month, "many" disagree.
Fed Chair Jerome Powell said previously that a December cut isn't a "foregone conclusion."
Aside from that, the minutes indicate broad approval for the end of quantitative tightening (QT) on December 1. Adrian Day of Adrian Day Asset Management recently highlighted the end of QT, saying that he sees a potential transition to quantitative easing (QE) ahead.
Here's how he explained it:
"(Powell) actually announced, as of December 1, there will be no more QT — okay. He also said that any money from mortgage-backed securities that rolls over, that matures, will now be put back into treasuries. Excuse me, well, that begins to sound an awful lot like QE to me, or the beginnings of QE."
Day went on to say that he previously thought QE was going to start earlier, potentially this fall, but the government shutdown appears to have delayed it.
"I think that's going to be the big story for the next six months," he added.
Turmoil continued for major gold and copper producer Barrick Mining (TSX:ABX,NYSE:B) this week after a series of company developments made headlines.
First, Reuters reported that Barrick's board is considering splitting the company into two different entities: one focused on North America, and the other on Africa and Asia.
Four sources familiar with the firm's thinking told the news outlet that Barrick's African assets could also be sold outright, as could the Pakistan-based Reko Diq mine.
This would essentially undo Barrick's 2019 merger with Africa-focused Randgold Resources.
Barrick didn't respond to requests for comment, but later in the week news hit that activist investor firm Elliott Investment Management has taken a "large stake" in Barrick.
Sources told the Financial Times that Elliott is now among Barrick's 10 top investors, meaning its stake is worth at least US$700 million. Elliott hasn't shared information about what it would like Barrick to do, but is reportedly "encouraged" by the idea of breaking the company in two.
Barrick has faced numerous headwinds recently, including the seizure of a key gold mine in Mali and the departure of CEO Mark Bristow. Bristow, who took the helm at Barrick after it joined forces with Randgold, abruptly stepped down in September after facing criticism.
Although shares of Barrick are up just over 130 percent year-to-date, the company has underperformed compared to its peers in the gold space.
Bristow is not the only person to leave Barrick lately — the last piece of news about the company this week is that two senior managers and a top executive have departed. CEO Mark Hill announced the changes in a memo seen by Bloomberg, saying the company is looking to evolve its operating model so that it's in line with the firm's strategic priorities.
Rare earths miner MP Materials (NYSE:MP) and the US Department of Defense are teaming up on a strategic joint venture with Saudi Arabian Mining Company (Maaden).
The deal, which will see the three entities collaborate on a Saudi Arabian rare earths refinery, comes after the US and Saudi Arabia signed a strategic framework on securing critical supply chains.
The refinery will process rare earths feedstock from Saudi Arabia and elsewhere, and will be able to produce both light and heavy rare earths, which are crucial to many high-tech industries.
Under the Trump administration, the US has ramped up efforts to break China's rare earths dominance, boosting its relationship with MP Materials in the process — in July, the defense department agreed to buy US$400 million worth of preferred stock in the company, a move that MP Materials called a "transformational public-private partnership."
Shares of MP Materials are up over 250 percent year-to-date.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.
And don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, looks back on gold's performance in 2025 and forward to what could be coming in 2026.
In his view, risk and uncertainty are key gold drivers that are likely to stay in place next year.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
