Geothermal Energy Stocks on Boil in Canada

Source: Reuters (11/8/10)

"Shares of Canada-listed geothermal energy companies leaped on Monday."

Shares of geothermal energy companies listed in Canada leaped on Monday following a spate of positive announcements in recent weeks for this bombed-out corner of the clean power sector.

US Geothermal Inc. rose as much as 35%, Nevada Geothermal Power (TSX.V:NG) gained 11% and Magma Energy Corp. was up nearly 14% at one point on the Toronto Stock Exchange on recent news of money starting to flow again into this cash-hungry industry.

"There has been a string of good news out of the sector," said Jacobs Securities analyst John McIlveen.

"They were all down almost 50% since the start of year. Much of the rest of the (clean energy) sector has already made its move back up," he said.

Earlier on Monday, Ram Power Corp. (TSX:RPG) announced it had closed a $160 million debt financing for its San Jacinto-Tizate geothermal project in Central America.

That follows news of Enbridge's investment of up to $23 million in U.S. Geothermal's Neal Hot Springs project.

"There is no specific news for Magma however there has been a lot of good industry news lately," said Magma spokeswoman Alison Thompson. "I suspect that this is helping all of us," she said in an email.

In geothermal power production, hot water and steam from deep underground are piped up and used to drive turbines in plants that generate electricity.

The industry has experienced a rash of mergers and acquisitions as small companies have struggled to capital to develop their projects.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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