What a U.S rate cut could mean for gold prices

Gold prices dropped nearly 1.2% on Monday morning, slipping from a 14-month high of $1,348.08/oz in the previous trading session.

The Commerce Department on Tuesday released a report requested by President Donald Trump in December 2017, when he asked officials to look into U.S. access to so-called rare earths.

Gold Rock is one of the few federally-permitted development projects in Nevada.

The threat of "weaponizing" rare earths by China means potential sellers of the minerals to the US stand to gain from a tightened international supply and higher prices.

Shares of Delrey Metals surged by 17% on Tuesday morning following positive re-assay results from its Four Corners iron-titanium-vanadium project in Newfoundland.

Once at full-tilt, the open-pit operation is expected to generate 65,000 ounces of gold annually over an 8-year mine life.

The company also holds ten other properties on the Carlin, Independence and Northern Nevada Rift gold trends.

According to the Vancouver-based miner, there are low exploration and development costs associated with the project.

The United States has half of the world's 18 large-scale CCS (carbon capture and storage) projects.