Base Metals Archives - Page 41 of 97

Vancouver, British Columbia–(Newsfile Corp. – October 1, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company", or "EMX") is pleased to announce that it intends to carry out a private placement of up to 5,000,000 units at C$ 3.30 each for gross proceeds of up to C$ 16,500,000. Members of the Sprott Group have agreed to act as finders in connection with the sale of some of the units.

The units will consist of one common share of the Company and one-half of one transferable warrant. Each whole warrant will entitle the purchase for two years of one common share at C$ 4.00 in the first year and C$ 4.50 in the second year.

Eligible finders will be paid a 6.0% cash commission and issued that number of non-transferable compensation warrants equal to 6.0% of the number of units sold to investors introduced by them. Each compensation warrant will entitle the purchase for one year of one common share of the Company for C$ 3.50.

The placement is subject to stock exchange approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any U.S. state securities laws and may not be offered or sold within the "United States" or to "U.S. Persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable U.S. state securities laws, or an exemption from such registration is available.

About EMX. EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol EMX, as well as on the Frankfurt exchange under the symbol "6E9". Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
Ibelger@EMXroyalty.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain "forward-looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding completion of the transaction, perceived merits of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential", "upside" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors. It is possible EMX may not complete the transaction, as a result of failure to fulfill conditions of closing, unavailability of financing or for other reasons EMX cannot anticipate at this time.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended June 30, 2021 and the year ended December 31, 2020 (the "MD&A"), and the most recently filed Revised Annual Information Form (the "AIF") for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98219

Here are five stocks added to the Zacks Rank #5 (Strong Sell) List today:

Kirby Corporation KEX operates domestic tank barges. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 30 days.

BHP Group BBL engages in the natural resources business. The Zacks Consensus Estimate for its current year earnings has been revised 22.9% downward over the last 30 days.

AB Electrolux ELUXY manufactures and sells household appliances. The Zacks Consensus Estimate for its current year earnings has been revised 4.3% downward over the last 30 days.

TDK Corporation TTDKY manufactures and sells electronic components. The Zacks Consensus Estimate for its current year earnings has been revised 34.1% downward over the last 30 days.

Weichai Power Co., Ltd. WEICY manufactures and sells diesel engines, automobiles, and other major automobile components. The Zacks Consensus Estimate for its current year earnings has been revised 8.3% downward over the last 30 days.

View the entire Zacks Rank #5 List.

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Electrolux AB (ELUXY) : Free Stock Analysis Report

BHP Billiton PLC (BBL) : Free Stock Analysis Report

Weichai Power Co. (WEICY) : Free Stock Analysis Report

Kirby Corporation (KEX) : Free Stock Analysis Report

TDK Corp. (TTDKY) : Free Stock Analysis Report

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VANCOUVER, British Columbia, Oct. 01, 2021 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") announces the following operations and corporate updates.

Operations Update

Aton signed a drilling contract with Energold Drilling Ltd. in June to complete a minimum of 4,250 metres of diamond drilling at the Corporation’s Abu Marawat Concession (see news release dated June 14, 2021). At the time of signing the contract it was expected that drilling would commence in September 2021. Due to export clearance and shipping delays caused by the COVID-19 pandemic, the scheduled delivery date of the drill rig to the port in Egypt is now October 9, 2021. As a result, Aton expects to commence drilling during the month of November 2021. A summary of the drill program is provided below.

The program will commence at Rodruin with 3,350 metres of drilling, with the objective of following up on the successful 2018 reverse circulation percussion drill program, as well as testing for the first time the high-grade veins sampled at surface on the North Ridge, which returned assays of up to 321 g/t Au (see news release dated February 6, 2018). Drilling will also further test and delineate the distribution of the near-surface oxide mineralisation identified on the South Ridge, which returned intercepts including 36m @ 12.47 g/t Au (see news release, dated October 1, 2018) and 20m @ 5.36 g/t Au (see news release, dated December 10, 2018). The program will also follow up on the deeper sulphide mineralisation which returned wide intersections including 61m @ 1.55 g/t Au, 8.9 g/t Ag and 0.86% Zn (see news release dated January 29, 2019).

The drilling program at Hamama will consist of 900 metres of drilling with the objective of delineating additional oxide and transitional resources at the Hamama East and Central areas, which have not been effectively drill tested to date. Channel sampling of surface trenches has indicated the potential for relatively high grade oxide mineralisation, and has returned intercepts including 84m @ 1.13 g/t Au, 49.7 g/t Ag and 7.29% Zn and 42.8m @ 1.28 g/t Au, 55.5 g/t Ag and 10.37% Zn (see news release dated May 3, 2018).

During the last six months the Corporation has completed all the necessary work required to commence the above noted drill program, including the acquisition of capital items, construction of a new camp at the Rodruin project, road construction and drill pad preparation.

Aton’s exploration team has also resumed field activities, continuing with the surface channel sampling program at Rodruin, and have also undertaken further sampling, mapping and ionic leach sampling at the Abu Gaharish prospect. Samples have been dispatched to the ALS Minerals for analysis, and results will be released when they become available.

Corporate Update

Due to other professional commitments, Mr. Bill Koutsouras has resigned from his position as Director and Interim CEO of the Corporation, effective immediately. Mr. Koutsouras will continue to be available to provide ongoing support to the Corporation in the future as an advisor.

Mr. Tonno Vahk will assume the role of Interim CEO, effective immediately and until such time as a permanent CEO is recruited by the Board of Directors. Mr. Vahk has been a director of Aton since 2017 and is a significant shareholder of the Corporation with his current shareholding (held indirectly in OU Hektik) representing 12.97% of the issued and outstanding shares of Aton.

About Aton Resources Inc.

Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession (“Abu Marawat”), located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the advanced Rodruin exploration prospect in the south of the Concession. Two historic British gold mines are also located on the Concession at Sir Bakis and Semna. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety of styles of precious and base metal mineralisation. Abu Marawat is 447.7 km² in size and is located in an area of excellent infrastructure; a four-lane highway, a 220kV power line, and a water pipeline are in close proximity, as are the international airports at Hurghada and Luxor.

Qualified Person

The technical information contained in this News Release was prepared by Javier Orduña BSc (hons), MSc, MCSM, DIC, MAIG, SEG(M), Exploration Manager of Aton Resources Inc. Mr. Orduña is a qualified person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

For further information regarding Aton Resources Inc., please visit us at www.atonresources.com or contact:

TONNO VAHK

Interim CEO
Tel: +1 604 318 0390
Email: info@atonresources.com

Note Regarding Forward-Looking Statements

Some of the statements contained in this release are forward-looking statements. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

After charging to $80 per barrel on Tuesday, oil prices fell back on news of inventory builds and extra supply, and now markets are nervously waiting for the OPEC+ meeting

Oil Prices Today, Friday, October 1st, 2021

As OPEC+ meets once again next Monday, speculation has been rife regarding the oil group’s intentions to bring more crude into the market. Whilst prices are still close to the $80 per barrel mark, with Brent trading around $78 per barrel and WTI trending around $74.5 per barrel, the first US inventory stock build since late July and news of OPEC+ laggards (Russia and Kazakhstan) ramping up supply has provided some downside for prices. At the same time, exorbitantly high gas prices driving gas-to-oil switching in Asia and the US dollar weakening are largely offsetting those factors.

Spot LNG Price Surge Continues.

Increasing purchasing activity in East Asia amid China’s power demand crunch and continuing supply tightness have pushed spot LNG prices to $34.5 per mmBtu in Asia, the highest on record.

Germany Merges Gas Trading Hubs.

Germany launched a nationwide gas trading hub called THE (Trading Hub Europe), having merged two of its hubs – Gaspool and NetConnect – to be able to compete with the Dutch TTF and British NBP.

Embattled and indebted, PEMEX Raises Oilmen Salaries.

Following a series of negotiations with its oil workers union (to which most PEMEX employees belong), the Mexican national oil company indicated it agreed to increase oil workers’ wages by 3.4% and their benefits by 1.76%, despite its debt spiraling out of control.

Albemarle Buys into China’s Processing.

US-based lithium producer Albemarle (NYSE:ALB) agreed to buy China’s Guangxi Tianyuan New Energy Materials for $200 million, a lithium converter that is on the verge of launching its 25,000 tons per annum processing plant, in a bid to increase its foothold in the world’s largest demand center.

Russia’s LUKOIL Wants More Azerbaijan.

Longtime interested in expanding within Azerbaijan, Russia’s largest private oil producer LUKOIL (MCX:LKOH) agreed to buy a 25% stake in the Shallow Water Absheron Peninsula (SWAP) project from BP, only several weeks after the UK-based firm spudded its first exploration well at North Khali.

Wind Blows Again in the North Sea.

Despite European gas prices hitting several consecutive all-time highs and nearing €100 per MWh, coal-fired generation has decreased w-o-w in Germany as wind generation moved back into its normal range, averaging 11 GWh so far this week, a 10% increase year-on-year.

CNOOC to Boost Ownership of Buzios Field.

Brazil’s national oil companyPetrobras (NYSE:PBR) is in talks with China’s CNOOC (HK:0883) for a deal that would see the Chinese firm buy another 5% stake in the Latin American country’s second-largest Buzios field for $2.08 billion.

Guyana Court Sets Exxon Hearing Date.

Guyana’s High court has scheduled a June 2022 hearing dealing with the environmental impact of ExxonMobil’s (NYSE:XOM) production offshore Guyana, with local NGOs claiming the oil industry threatens the rights of locals to a clean environment.

Saudi Aramco Gets Footing in India’s Largest Private Refiner.

Reliance Industries (NSE:RELIANCE), operator of the world’s largest refinery in Jamnagar, India, stated the candidature of Yasir Al-Rumayyan, chairman of Saudi Aramco, meets all regulatory criteria to become independent director, in a move that is seen as a harbinger of Aramco’s buying-in into the Indian firm’s oil-to-chemicals business.

Malaysian LNG Disrupted Again by Fire.

Malaysia’s LNG terminal in Bintulu, wielding 30 million tons of LNG per annum capacity, caught fire this week however the operator Petronas claimed operations were unaffected.

China Asks for More Russian Electricity.

Attesting to China’s ongoing issues with nationwide power cuts, Russian state-owned power company Inter RAO (MCX:IRAO) claimed it had received a request from Chinese authorities to ramp up electricity exports. The current transmission lines could be delivering up to 7 billion KWh.

Rio Tinto Still Not Progressing with Resolution Copper.

The controversial Resolution Project, a prospective copper mine in Arizona to be operated by Rio Tinto (NYSE:RIO) that could meet 25% of the United States’ total demand for the red metal, has still seen no progress after the company’s CEO failed to meet the head of the San Carlos Apache tribe that opposes it.

BP and ENI Seek $2 Billion for Angola JV.

UK major BP (NYSE:BP) and Italian firm ENI (ETS:ENI) are seeking to raise $2 billion for their oil and gas joint venture in Angola, as both companies seek to spin off carbon-emitting subsidiaries into separate entities.

China Wants More Term LNG Deals with Qatar.

CNOOC (HKG:0883) signed a new supply deal with Qatar’s QP for a period of 15 years starting from January 2022, adding 3.5mtpa LNG to the country’s aggregate contracted volumes

Jamaica Alumina Refinery Out For At Least One Year.

The Jamalco alumina refinery, operated by Noble Group with a production capacity of 1.4 million tons per annum, will not be back until September 2022 on the back of a fire last month, putting additional pressure on aluminum prices.

By Michael Kern for Oilprice.com

More Top Reads From Oilprice.com:

Read this article on OilPrice.com

Vancouver, British Columbia–(Newsfile Corp. – October 1, 2021) – Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce the appointment of Dr. Thomas Mumford as a Director of the Company. In addition, Mr. Xiang has stepped down from the Board of Directors effective September 30, 2021 but will remain as an advisor to the Company.

Dr. Mumford is an exploration geologist with over 15 years experience. He has extensive technical and project management experience in Au, REE, Cu-porphyry, and U deposits. He is a registered professional geologist and professional engineering licensee with Engineers and Geoscientists British Columbia (EGBC), and currently acts as the Vice President, Exploration for Scottie Resources Corp. He is a director for the Association for Mineral Exploration (AME) and has served as a lecturer at Carleton University and British Columbia Institute of Technology. He holds a B.Sc. and M.Sc. from University of New Brunswick, and a Ph.D. from Carleton University which focused on magmatic controls of the Nechalacho REE deposit in the NWT.

"We would like to thank James for his contributions to Thesis over the past year and we look forward to continuing working with him in his new role as an advisor to the Company," Ewan Webster, President and CEO commented.

"I am delighted to welcome Thomas to the board. His extensive exploration experience will be invaluable to the Company as we continue to advance our Ranch Gold project."

The Company is also pleased to announce it has entered into a letter agreement (the "Letter Agreement") dated September 15, 2021 with Steven Scott, pursuant to which the Company acquired British Columbia mineral claim numbers 1074376, 1074335 and 1074333 (the "Acquisition") (Figure 1). The mineral claims are all British Columbia mineral claims that were originally staked and are owned by an arm's length third party, Mr. Scott (the "Vendor"). Under the terms of the Letter Agreement, the Company paid cash consideration the amount of $5,000 plus the cost of transferring the title of the mineral claims to the Company. No finder's fees were paid in connection with the Acquisition.

Figure 1: Ranch project outline and inset showing the acquired claims.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2191/98200_e9261cc5e4b709a0_001full.jpg

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

Ewan Webster Ph.D., P.Geo.
President, CEO and Director

About Thesis Gold Inc.

Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C. For further details about the Ranch Gold Project, please refer to the Company's current geological Technical Report dated September 18, 2020 available under the Company's profile on SEDAR at www.sedar.com.

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President
The Howard Group Inc.
Email: dave@howardgroupinc.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

Nick Stajduhar
Director
Thesis Gold
Telephone: 780-701-3216
Email: nicks@thesisgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98200

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.' When they buy such story stocks, investors are all too often the patsy.

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Anglo American (LON:AAL). Even if the shares are fully valued today, most capitalists would recognize its profits as the demonstration of steady value generation. In comparison, loss making companies act like a sponge for capital – but unlike such a sponge they do not always produce something when squeezed.

View our latest analysis for Anglo American

How Quickly Is Anglo American Increasing Earnings Per Share?

If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. It certainly is nice to see that Anglo American has managed to grow EPS by 32% per year over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be smiling.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. Anglo American shareholders can take confidence from the fact that EBIT margins are up from 18% to 36%, and revenue is growing. That's great to see, on both counts.

The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.

In investing, as in life, the future matters more than the past. So why not check out this free interactive visualization of Anglo American's forecast profits?

Are Anglo American Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. This view is based on the possibility that stock purchases signal bullishness on behalf of the buyer. However, small purchases are not always indicative of conviction, and insiders don't always get it right.

It's good to see Anglo American insiders walking the walk, by spending US$153k on shares in just twelve months. And when you consider that there was no insider selling, you can understand why shareholders might believe that lady luck will grace this business. Zooming in, we can see that the biggest insider purchase was by James Rutherford for UK£144k worth of shares, at about UK£24.30 per share.

The good news, alongside the insider buying, for Anglo American bulls is that insiders (collectively) have a meaningful investment in the stock. Notably, they have an enormous stake in the company, worth US$92m. This suggests to me that leadership will be very mindful of shareholders' interests when making decisions!

Does Anglo American Deserve A Spot On Your Watchlist?

For growth investors like me, Anglo American's raw rate of earnings growth is a beacon in the night. On top of that, insiders own a significant stake in the company and have been buying more shares. So it's fair to say I think this stock may well deserve a spot on your watchlist. We should say that we've discovered 3 warning signs for Anglo American (1 is a bit concerning!) that you should be aware of before investing here.

As a growth investor I do like to see insider buying. But Anglo American isn't the only one. You can see a a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Investors interested in stocks from the Mining – Miscellaneous sector have probably already heard of Teck Resources Ltd (TECK) and Wheaton Precious Metals Corp. (WPM). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Teck Resources Ltd and Wheaton Precious Metals Corp. are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that TECK likely has seen a stronger improvement to its earnings outlook than WPM has recently. But this is just one piece of the puzzle for value investors.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.

TECK currently has a forward P/E ratio of 7.88, while WPM has a forward P/E of 25.04. We also note that TECK has a PEG ratio of 0.24. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. WPM currently has a PEG ratio of 5.01.

Another notable valuation metric for TECK is its P/B ratio of 0.76. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, WPM has a P/B of 2.85.

These metrics, and several others, help TECK earn a Value grade of B, while WPM has been given a Value grade of D.

TECK is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that TECK is likely the superior value option right now.

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Teck Resources Ltd (TECK) : Free Stock Analysis Report

Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 1st:

RCM Technologies, Inc. RCMT: This provider of business and technology solutions has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28% over the last 60 days.

RCM Technologies, Inc. Price and Consensus

RCM Technologies, Inc. price-consensus-chart | RCM Technologies, Inc. Quote

RCM Technologies’ shares gained 17.9% over the last one month compared with the S&P 500’s growth of 4.8%. The company possesses a Momentum Score of A.

RCM Technologies, Inc. Price

RCM Technologies, Inc. price | RCM Technologies, Inc. Quote

Capital Bancorp, Inc. CBNK: This provider of various banking products and services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.1% over the last 60 days.

Capital Bancorp, Inc. Price and Consensus

Capital Bancorp, Inc. price-consensus-chart | Capital Bancorp, Inc. Quote

Capital Bancorp’s shares gained 3.7% over the last one month. The company possesses a Momentum Score of A.

Capital Bancorp, Inc. Price

Capital Bancorp, Inc. price | Capital Bancorp, Inc. Quote

Teck Resources Limited TECK: This company that engages in exploring for, acquiring, developing, and producing natural resources has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.4% over the last 60 days.

Teck Resources Ltd Price and Consensus

Teck Resources Ltd price-consensus-chart | Teck Resources Ltd Quote

Teck Resources’ shares gained 4.3% over the last one month. The company possesses a Momentum Score of A.

Teck Resources Ltd Price

Teck Resources Ltd price | Teck Resources Ltd Quote

Ramaco Resources, Inc. METC: This producer and seller of metallurgical coal has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 88.9% over the last 60 days.

Ramaco Resources, Inc. Price and Consensus

Ramaco Resources, Inc. price-consensus-chart | Ramaco Resources, Inc. Quote

Ramaco Resources’ shares gained 27.6% over the last one month. The company possesses a Momentum Score of A.

Ramaco Resources, Inc. Price

Ramaco Resources, Inc. price | Ramaco Resources, Inc. Quote

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

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Capital Bancorp, Inc. (CBNK) : Free Stock Analysis Report

Teck Resources Ltd (TECK) : Free Stock Analysis Report

Ramaco Resources, Inc. (METC) : Free Stock Analysis Report

RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

(Reuters) -Australia's Fortescue Metals Group Ltd said on Friday it had restarted operations at its Solomon Hub site in Western Australia, a day after a worker died at the site, adding that its cost and output forecasts for fiscal 2022 remained unchanged.

The world's No.4 iron ore miner was forced to temporarily halt work at Solomon Hub after a worker lost his life following a ground collapse on Thursday, prompting an investigation by the state's mining department and police.

The pause also partly led to a spike in iron ore prices on Thursday.

"Ore processing activity has recommenced and mining activity is progressively resuming. Fortescue continues to work closely with all relevant authorities on the incident investigation," the miner said in a statement.

The Solomon Hub comprises of the Firetail, Kings Valley and Queens Valley mines, which together have a production capacity of 75 million tonnes of iron ore a year.

(Reporting by Shashwat Awasthi; Editing by Rashmi Aich and Ramakrishnan M.)

Toronto, Ontario–(Newsfile Corp. – September 30, 2021) – GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot" or the "Company"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by MacDonald Mines Exploration Ltd. (TSXV: BMK) (OTC Pink: MCDMF) ("MacDonald Mines") to assist in the exploration of MacDonald Mines' 100%-owned SPJ Project in Northern Ontario.

GoldSpot will help delineate drill-ready targets for high-grade gold mineralization, as well as identify prospective areas regionally. GoldSpot will homogenize, integrate, process, and interpret exploration datasets such as geological maps, drill logs, geophysics, surface and downhole geochemistry, and structural data. The interpreted and derived products will be used as input layers to GoldSpot's proprietary AI (machine learning) techniques, which will be validated by the Company's team of expert geoscientists, in collaboration with MacDonald Mines' technical team.

Stuart Adair, Interim Chief Executive Officer of MacDonald Mines, stated, "We are delighted to welcome GoldSpot as a strategic service provider of MacDonald Mines. The SPJ Project will benefit tremendously from the assistance of GoldSpot's technologies and data-driven approach to exploration. Our team looks forward to working with the GoldSpot team to evaluate and unlock the potential of the SPJ Project."

Denis Laviolette, Executive Chairman and President of GoldSpot, stated, "GoldSpot is excited to provide our proprietary technology to MacDonald Mines. The size of the SPJ Project's land package is substantial and we believe the large number of potential targets on the property are ripe for further analysis and refining under our team's technological and geological guidance."

GoldSpot works with leading exploration and mining clients across all commodities and deposit types, using cutting-edge technology and geoscientific expertise to mitigate exploration risks and significantly increase the efficiency and success rate of mineral exploration across resources.

About MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK". The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 19,380 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it. To learn more about MacDonald Mines, please visit www.macdonaldmines.com.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves time, reduces costs and provides accurate results.

For further information please contact:
Denis Laviolette
Executive Chairman and President
GoldSpot Discoveries Corp.
Tel: 647-992-9837
Email: investors@goldspot.ca

Cautionary Statement on Forward-Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98062

MONTREAL, Sept. 30, 2021 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that InnovExplo Inc. of Val-d'Or has been awarded the mandate to conduct a structural geology study of the Aquilon gold property in Eeyou Istchee James Bay, Quebec. The study will be initiated in the coming days by an InnovExplo structural specialist accompanied by Sirios’ geologists. The field work on the property will also allow Sirios' geologists to examine the logistics required to carry out an overburden stripping program on the sectors where the gold in soil anomalies, as recently announced (press release 13/09/2021), have been identified.

Corrections to press releases dated September 1 and September 17, 2021
In Sirios' press release dated September 1, 2021 regarding the closing of the first tranche of a flow-through private placement, the amount of finder's fees paid to intermediaries for the first tranche should have read $30,000 instead of $14,000. In addition, in the press release dated September 17, 2021 regarding the closing of the second and final tranche, the total amount of finder's fees paid to intermediaries for the first and second tranches should have read $30,280 instead of $16,280.

About the Aquilon Property
The property includes more than thirty gold showings on surface, including some with very high grades, most notably 560 g/t Au over 0.49m, 834 g/t Au over 1.71m and 3,230.89 g/t Au over 0.8m (ref.: press releases 02/12/2014; 01/01/2011; 26/06/2008). The property has been drilled extensively over the years, however the vast majority of these holes averaged less than 60 metres and were focused directly on four main showings when the project was managed by its partner at the time. Sirios has completed a recompilation of all available data and is proposing a new exploration program for the property which is considered to have excellent potential.

The Aquilon property, held 100% by Sirios, is comprised of 140 claims covering nearly 70 km². It is located about 490 km east of Radisson and is easily accessible by an all season road via the Trans-Taiga highway through the Eeyou Istchee James Bay region.

More information on the property is available in the Sirios corporate presentation, available at the following link: Présentation corporative Sirios – Septembre 2021.

Roger Moar, P.Geo. and Dominique Doucet, P.Eng. qualified persons under NI 43-101 prepared and verified the technical information in this press release and reviewed the final version of the text.

About Sirios
A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada, Sirios Resources Inc. is focusing primarily on its Cheechoo gold discovery, while actively exploring the gold potential of its other properties.

About InnovExplo
InnovExplo Inc. is a consulting firm providing services in mineral exploration and mining engineering. Since its founding in 2003, InnovExplo has carried out multiple projects in an innovative way in Canada and internationally. Its knowledge of geology and mining engineering has been developed based on the field experience of a multidisciplinary team combined with the use of state-of-the-art software technology.

Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws based on expectations, estimates and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties and other factors that could cause actual events, results, performance, expectations and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to: capital and operating costs that differ materially from estimates; the tentative nature of metallurgical test results; delays or failures in obtaining required governmental, environmental or other approvals; uncertainties related to the availability and cost of necessary financing in the future changes in financial markets; inflation; fluctuations in metal prices; delays in project development; other risks relating to the mineral exploration and development industry; and risks disclosed in public filings of the Company on SEDAR at www. sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements contained in this news release are reasonable, readers should not place undue reliance on this information, which speaks only as of the date of this news release, and there can be no assurance that such events will occur or occur within the time periods presented. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Rules of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact :
Dominique Doucet, President, CEO, Eng.
Tel.: (514) 918-2867
ddoucet@sirios.com
website : www.sirios.com

MELBOURNE, Sept 30 (Reuters) – Rio Tinto Plc has declared force majeure on some copper cathode contracts after shutting the smelter at its Kennecott mine in the United States following an accident on last week, a spokesperson said on Thursday.

"The work needed to safely restart operations at the smelter is currently being assessed. We are working closely with our customers to minimise any impacts," the spokesperson said in emailed comments.

Rio Tinto said it had declared force majeure on some contracts for copper cathode and acid after the Kennecott smelter was shut due to a release of molten copper on Sept. 21.

Force majeure is triggered when a company cannot meet its contract obligations due to unforeseen circumstances.

Kennecott, in Utah, produced 82,100 tonnes of refined copper in the first half of 2021. (Reporting by Sonali Paul; Editing by Lincoln Feast)

Fancamp’s AGM will take place on Tuesday, October 5, 2021 at 10:00 a.m. ET.

Shareholders are encouraged to vote on the GOLD proxy FOR Fancamp’s director nominees.

If you have any questions or need help voting, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

VANCOUVER, British Columbia, September 30, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) would like to correct the inaccurate statements in Mr. Peter H. Smith’s September 27, 2021 press release and reiterate the facts from the Corporation’s recent developments.

ScoZinc Transaction Terminated

As announced on September 16, the proposed business combination with ScoZinc Mining Ltd. ("ScoZinc") has been terminated. Instead, Fancamp will become a shareholder of ScoZinc by way of a private placement, which will allow Fancamp to save from paying the termination fee and benefit from ScoZinc’s significant near-term production potential and corporate upside in today’s strong commodity environment. The foregoing is subject to regulatory approval.

Moving Forward with a Refreshed Board and Strategic Plan

Following the annual general meeting ("AGM"), which will take place on Tuesday, October 5, 2021 at 10:00 a.m. ET, Fancamp’s highly experienced Board of Directors (the "Board") will advance the Corporation’s strategic plan focused on exploration properties, titanium technology and strategic alternatives. Additional details regarding exploration program will be announced in the near future.

In light of the recent court decision in favour of Fancamp, shareholders have expressed a clear desire to move forward with this clear and united corporate strategy and take advantage of a unique and strategic project portfolio. The agreement with Mr. Ferron and certain other shareholders confirms this position and aligns the interests of shareholders with the Board and management, and Fancamp looks forward to a bright new future.

Mr. Smith and Others' Unreasonable Attempts to Extort Over $1 Million in Fees

Fancamp remains open to reaching further agreements with Mr. Smith and others for the benefit of all shareholders; however, it will not accommodate unreasonable attempts to extort extravagant fees and excessive costs.

Mr. Smith started this proxy fight to regain control of the Corporation and has indicated he will use Fancamp’s treasury to personally repay himself and others for expenses. The Corporation understands Mr. Smith will seek over $1 million to repay himself and others for the needless and avoidable proxy fight he started. This is not in the interests of all shareholders.

Vote Your Gold Proxy by 10:00 a.m. ET on Friday, October 1, 2021

Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees. If you have any questions or need help voting, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

AGM:

Date and Time: Tuesday, October 5, 2021 at 10:00 a.m. ET
In Person: Hotel Fairmont The Queen Elizabeth, 900 René-Lévesque Blvd W., Montreal
Live Webcast: https://web.lumiagm.com/218675958

Shareholders as of the record date of Friday, May 28, 2021 are eligible to vote at the AGM.

Advisors

Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210930005281/en/

Contacts

For Further Information

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

TORONTO, Sept. 30, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) announces the issuance of 96,150,000 common shares of the Company (the “Conversion Shares”) in full satisfaction of its US$15 million amended and restated loan agreement (the “Loan Agreement”) held by Wyloo Canada Holdings Pty Ltd. (Wyloo). The number of shares were derived using the USD – CAD exchange rate on the day prior to the effective date of conversion being September 22, 2021 and using the conversion price of $0.20 per share as stipulated in the Loan Agreement.

The Company will also be paying the final interest payment due under the loan agreement of $350,789 for the period from July 1, 2021 to September 22, 2021 by the delivery of 468,969 common shares of the Company (the “Interest Shares”) at an effective price of $0.748 per Interest Share, subject to Exchange acceptance. The Interest Shares will be subject to a four month hold period expiring on February 2, 2022.

The calculation of the number of Interest Shares to be issued is based on the volume weighted average trading price of the common shares of the Company during the 20 trading days prior to September 22, 2021.

After giving effect to the issuance of the Conversion and Interest Shares, there will be 559,536,300 common shares of the Company issued and outstanding and Wyloo will hold a direct interest of 37.25% in the Company.

About Noront Resources

Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com

Contact Information

Media Relations	Investor Relations
Ian Hamilton	Greg Rieveley
Tel: +1 (905) 399-6591	Tel: +1 (416) 367-1444
ihamilton@longviewcomms.ca	greg.rieveley@norontresources.com

Janice Mandel
Tel: +1 (647) 300-3853
janice.mandel@stringcom.com

Horizonte Secures Credit Approval for US$346.2 Million Senior Debt Facility for the Development of the Araguaia Project

LONDON, UK / ACCESSWIRE / September 30, 2021 / Horizonte Minerals Plc, (AIM:HZM)(TSX:HZM) ("Horizonte" or "the Company") the nickel company focused in Brazil is pleased to announce that it has received credit approvals from a syndicate of five international financial institutions (the "Senior Lenders") in addition to the previously announced approval by the two export credit agencies (the "ECAs") for a senior secured project finance facility (the "Senior Debt Facility") of up to US$346.2 million to fund the construction and development of its Araguaia ferro-nickel project ("Araguaia" or the "Project").

The Senior Lenders are BNP Paribas Securities Corp ("BNPP"), ING Capital LLC ("ING"), Natixis, New York Branch ("Natixis"), Société Générale ("SocGen"), and Swedish Export Credit Corporation ("SEK"). The ECAs are EKF, Denmark's Export Credit Agency ("EKF") and Finnvera plc, Finland's Export Credit Agency ("Finnvera").

The Senior Debt Facility will include two tranches:

Tranche A of US$146.2 million, to be guaranteed by the ECAs in relation to a number of key equipment and service provider contracts; and
Tranche B of US$200 million.

The term of the Senior Debt Facility will be ten and a half years for Tranche A, and eight and a half years for Tranche B. The interest rate of the Senior Debt Facility will be at a rate of LIBOR plus 1.80% for Tranche A, and LIBOR plus 4.25 to 4.75% for Tranche B. Closing of the Senior Debt Facility is subject to customary conditions, including the negotiation and settlement of definitive documentation and the entry into a comprehensive intercreditor agreement, among others.

Endeavour Financial is acting as financial advisor to the Company and Norton Rose Fulbright LLP has acted as legal counsel to the Company with support from the Freitas Ferraz law firm in Brazil.

The Senior Lenders and ECAs are being advised by Milbank LLP, Micon International Limited (Independent Engineer), and Arcadis (Independent Environmental, Social, Health & Safety Consultant).

Horizonte CEO, Jeremy Martin commented: "I am delighted to announce the receipt of these final credit approvals from five leading international financial institutions. The Horizonte team and our advisors have worked over the past 18 months to reach this point. Coupled with the two export credit agencies, this syndicate of seven provides a U$346.2 million Senior Debt Facility to help finance the construction of Araguaia. This milestone represents the conclusion of an intensive due diligence process which included site visits by the Senior Lenders and independent experts, and extensive technical, marketing, environmental, social and legal evaluations of the Project.

Credit approval from the full syndicate is the catalyst for finalising the other components of the overall financing requirement for Araguaia. As previously announced, the process with the offtake partner and strategic investor is well advanced, and we look forward to updating the market on its conclusion, alongside financial close of the Senior Debt Facility in the coming months.

The strength of the syndicate we have secured is testament to the robust economics of the Project, our team's technical ability and our best practice sustainability standards. With very few new nickel projects with these credentials at construction phase we believe today's news is a pivotal point in Horizonte's story as we work to become a major nickel producer. This is against a backdrop of strong nickel market fundamentals where we are seeing significant demand in the stainless-steel sector alongside accelerating growth in the EV battery space."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as retained in the UK pursuant to S3 of the European Union (Withdrawal) Act 2018.

For further information, visit www.horizonteminerals.com or contact:

Horizonte Minerals plc

Jeremy Martin (CEO)

Anna Legge (Corporate Communications)

info@horizonteminerals.com

+44 (0) 203 356 2901

Peel Hunt (NOMAD & Joint Broker)

Ross Allister

David McKeown

+44 (0)20 7418 8900

BMO (Joint Broker)

Thomas Rider

Pascal Lussier Duquette

Andrew Cameron

+44 (0) 20 7236 1010

About Horizonte Minerals:

Horizonte Minerals plc (AIM:HZM)(TSX:HZM) is developing two 100% owned, tier one projects in Parà state, Brazil – the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large scale, high-grade, low-cost, low-carbon and scalable. Araguaia is construction ready and will produce 29,000 tonnes of nickel per year to supply the stainless-steel market. Vermelho is at feasibility study stage and will produce 25,000 tonnes of nickel and 1,250 tonnes of cobalt to supply the EV battery market. Horizonte's combined near-term production profile of over 50,000 tonnes of nickel per year positions the Company as a globally significant nickel producer. Horizonte is developing a new nickel district in Brazil that will benefit from established infrastructure, including hydroelectric power available in the Carajás Mining District.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the Acquisition as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the ability of the Company to complete the Placing as described herein, and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete the Acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Horizonte Minerals PLC

View source version on accesswire.com:
https://www.accesswire.com/666203/Horizonte-Minerals-PLC-Announces-Credit-Approval-for-Senior-Debt-Facility

MELBOURNE, September 29, 2021–(BUSINESS WIRE)–Rio Tinto has published its first report on progress in improving Communities and Social Performance (CSP) practices, as the company works to rebuild trust and relationships with Traditional Owners following the destruction of the Juukan Gorge rock shelters in Western Australia.

As part of efforts to increase transparency in its approach to cultural heritage protection, Rio Tinto has engaged with investors to develop reporting that details the company’s work to improve its CSP practices and outcomes.

The report details progress made to 30 July 2021 in areas such as Traditional Owner partnerships and agreement modernisation in Western Australia; the introduction of new CSP structures and practices across the company; improved governance; and increasing social expertise within the business.

Importantly, it includes direct feedback from Traditional Owner groups regarding commitments made by the company as part of the Board Review of Cultural Heritage Management in August 2020.

Rio Tinto Chief Executive Jakob Stausholm said "We are working hard to rebuild trust and meaningful relationships with the Puutu Kunti Kurrama and Pinikura (PKKP) people and other Traditional Owners across Australia. We understand this will take time and consistent effort, but our absolute focus is on improving our engagement with Indigenous Peoples and host communities so that we can better understand their priorities and concerns, minimise our impacts, and responsibly manage cultural heritage.

"We thank those Traditional Owners who generously shared their feedback and perspectives. While their insights confirm we have much more to do, feedback like this is vital to shaping relationships that are respectful, genuine and inclusive.

"We know that we cannot change the past. But we can continue to seek out, listen to and respect different voices and perspectives, to ensure that in the future, cultural heritage sites of significance are treated with the care they deserve. And the changes we make should improve, over time, our engagement with Indigenous and First Nations communities in every region where we operate worldwide."

Some of the actions outlined in the report include:

Ongoing remediation work of the Juukan Gorge in consultation with the PKKP people.
The commencement of agreement modernisation discussions with ten Pilbara Traditional Owner groups and their representatives.
A detailed review of heritage sites that Rio Tinto manages in the Pilbara to ensure there are no other sites of exceptional cultural significance within the company’s existing mine plans.
Building social performance capacity, capability and governance across the company. There are now more than 300 Communities and Social Performance professionals working on 60 sites in 35 countries, up from 250 professionals in 2020.
Important steps to grow Indigenous leadership to help better understand host communities in the future. This includes a $50 million investment to retain, attract and grow Indigenous professionals and leaders in our Australian business.
Enhancing cultural awareness training, with all frontline staff undertaking e-learning or face-to-face training with Indigenous Australians.
Progressing the establishment of an Australian Advisory Group to help better manage policies and positions that are important to Indigenous Australians and the business; and
A commitment to work with Traditional Owner groups to co-design and implement leading practice cultural heritage management.

Rio Tinto will integrate further reporting into its full-year reporting suite, complemented by additional disclosures where appropriate. Further consultation with a broad range of investors and other stakeholders will continue to assist in developing these disclosures.

The full report is available here https://www.riotinto.com/invest/reports.

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005992/en/

Contacts

Please direct all enquiries to
media.enquiries@riotinto.com
Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: GENERAL

(Bloomberg) — The world needs more mines to meet demand for copper and other battery metals required to shift to less polluting energy sources — even if such moves are seen as environmentally unappealing, according to Hudbay Minerals Inc. financial chief.

How Quickly Is IGO Increasing Earnings Per Share?

If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. It's no surprise, then, that I like to invest in companies with EPS growth. Impressively, IGO has grown EPS by 20% per year, compound, in the last three years. As a result, we can understand why the stock trades on a high multiple of trailing twelve month earnings.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. The good news is that IGO is growing revenues, and EBIT margins improved by 11.1 percentage points to 26%, over the last year. Ticking those two boxes is a good sign of growth, in my book.

The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.

While we live in the present moment at all times, there's no doubt in my mind that the future matters more than the past. So why not check this interactive chart depicting future EPS estimates, for IGO?

Are IGO Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. Because oftentimes, the purchase of stock is a sign that the buyer views it as undervalued. However, small purchases are not always indicative of conviction, and insiders don't always get it right.

Any way you look at it IGO shareholders can gain quiet confidence from the fact that insiders shelled out AU$352k to buy stock, over the last year. When you contrast that with the complete lack of sales, it's easy for shareholders to brim with joyful expectancy. Zooming in, we can see that the biggest insider purchase was by Independent Non-Executive Chairman Michael P. Nossal for AU$256k worth of shares, at about AU$6.40 per share.

Along with the insider buying, another encouraging sign for IGO is that insiders, as a group, have a considerable shareholding. To be specific, they have AU$37m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 0.6% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders.

Does IGO Deserve A Spot On Your Watchlist?

Given my belief that share price follows earnings per share you can easily imagine how I feel about IGO's strong EPS growth. Not only that, but we can see that insiders both own a lot of, and are buying more, shares in the company. So I do think this is one stock worth watching. Before you take the next step you should know about the 1 warning sign for IGO that we have uncovered.

As a growth investor I do like to see insider buying. But IGO isn't the only one. You can see a a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

See our latest analysis for IGO

How Quickly Is IGO Increasing Earnings Per Share?

The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.

Are IGO Insiders Aligned With All Shareholders?

Does IGO Deserve A Spot On Your Watchlist?

As a growth investor I do like to see insider buying. But IGO isn't the only one. You can see a a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Drilling To Test Multiple Gold Veins

MIRAMICHI, New Brunswick, Sept. 29, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has completed 10 diamond drill holes for a total of 719 metres at its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick. The first 4 holes numbered BG21-09 TO BG21-12 tested the No. 18 vein where the Company reported visible gold with assay results grading up to 3,955 g/t gold over 0.10 m thick from a trench sample as reported by the Company on December 03, 2020.

Hole BG21-12 tested the original No. 9 vein. Holes BG21-13 to BG21-18 tested vein No. 22 over an 80 metre strike length. All 10 holes intersected quartz veins. Visible gold was noted in one hole. Logging and sampling are in progress as drilling continues. To date 102 samples sawn from holes BG21-09 to BG21-14 have been submitted to the lab. The drill is currently set up to test the No. 2 vein where assays up to 353 g/t gold were reported October 07, 2020 from trenching results. For additional information and maps visit Menneval Gold Project.

The Menneval Project: The Menneval Gold project is SLAM’s flagship project, the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.

About SLAM Exploration Ltd:

SLAM is a project-generating resource company focused on is its flagship Menneval Gold project where the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Millstream Break in northern New Brunswick. SLAM also expects to conduct preliminary programs on the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in southern New Brunswick. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC.

The Company has generated cash from the sale of securities received from mineral property option agreements with other companies and has sufficient funds for the work currently in progress. The Company has applied for funding assistance up to $100,000 under the New Brunswick Junior Mining Assistance Program in support of a proposed 2021 drilling program. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

QA-QC Sampling Procedures
The trenching and soil geochemical results referenced above were previously reported as were the QA-QC Sampling Procedures.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:
Mike Taylor, President & CEO Contact: 506-623-8960 mike@slamexploration.com

Eugene Beukman, CFO Contact: 604-687-2038 ebeukman@pendergroup.ca	SEDAR: 00012459E

Precious metal prices have been on the rise in 2020, and one analyst is bullish on two big-name copper producers.

The Analyst: Bank of America analyst Lawson Winder reinstated coverage of Teck Resources Ltd (NYSE: TECK) with a Buy rating and $36 price target. He also reinstated coverage of Freeport-McMoRan Inc (NYSE: FCX) with a Buy rating and $39 price target.

The Thesis: Winder said Teck is building a massive copper mine in Chile that will double the company’s copper production to 583,000 tons in 2025. At the same time, the copper project will reduce the company’s exposure to steelmaking coal to just 37% of 2025 EBITDA.

Winder said the copper market has a mixed outlook in the next couple of years, but he is bullish on low-cost production growth and says copper is a solid long-term investment beyond 2025.

“We believe that decarbonization means increased metal intensity. Often this means electrification, requiring ever more copper,” Winder wrote in a note.

He said Teck offers investors a rare combination of sizable production growth, rising free cash flow and impressive capital returns.

For Freeport McMoRan, Winder said the company has made it through a risky period and is a compelling value given its liquidity, its diverse asset base and its strong track record of capital returns. Management also successfully navigated a tricky ownership change and transition from open pit to block cave at its Grasberg mine.

He projects copper production growth could increase Freeport’s copper output by 34% through 2028.

Benzinga’s Take: Winder’s copper stock initiations come just a week after Bank of America reduced its price forecasts for gold, silver and copper and cut its targets for 18 precious metal stocks. Obviously it's not good news for precious metal investors to see target prices falling, but BofA analysts still see plenty of opportunity for robust free cash flow and sizable returns for selective precious metal investors.

See more from Benzinga

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So, the natural question for Rox Resources (ASX:RXL) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for Rox Resources

How Long Is Rox Resources' Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at June 2021, Rox Resources had cash of AU$12m and no debt. Importantly, its cash burn was AU$8.0m over the trailing twelve months. Therefore, from June 2021 it had roughly 18 months of cash runway. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. Depicted below, you can see how its cash holdings have changed over time.

How Is Rox Resources' Cash Burn Changing Over Time?

Although Rox Resources reported revenue of AU$70k last year, it didn't actually have any revenue from operations. That means we consider it a pre-revenue business, and we will focus our growth analysis on cash burn, for now. As it happens, the company's cash burn reduced by 9.8% over the last year, which suggests that management are maintaining a fairly steady rate of business development, albeit with a slight decrease in spending. Rox Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Rox Resources Raise More Cash Easily?

While Rox Resources is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Rox Resources has a market capitalisation of AU$56m and burnt through AU$8.0m last year, which is 14% of the company's market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution.

So, Should We Worry About Rox Resources' Cash Burn?

The good news is that in our view Rox Resources' cash burn situation gives shareholders real reason for optimism. One the one hand we have its solid cash runway, while on the other it can also boast very strong cash burn relative to its market cap. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. Taking a deeper dive, we've spotted 5 warning signs for Rox Resources you should be aware of, and 2 of them make us uncomfortable.

Of course Rox Resources may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

Rogue Stone's ramps-up, continued sales into the summer season
In Q1-2022, Rogue Stone sold 6,547 tons realizing $88/ton with COGS of $40/ton
Rogue recorded $197,908 in Adjusted EBITDA in Q1-2022
Sales have now begun from Shadow Lake, Rogue Stone's third quarry

TORONTO, ON / ACCESSWIRE / September 29, 2021 / Rogue Resources Inc. (TSXV:RRS) ("Rogue" or the "Company") is pleased to announce continued progress at Rogue Stone with 6,547 tons¹sold in Q1-2022, from May through July, with an average realized price per ton of $88 and Cost of Goods Sold ("COGS") of $40/ton. The Company has filed its Q1-2022 financials for the quarter ended July 31, 2021 (available on Rogue's website or through the SEDAR filing system).

Rogue Stone has also completed initial sales from the "Shadow Lake", Rogue's third operating quarry in its limestone business, referred to as "Rogue Stone". Rogue Stone will pay a set royalty to access the material. Shadow Lake consists of privately owned parcels and currently has a Class B Aggregate License to extract up to 20,000 tonnes of Natural Stone per year (22,000 tons) and produces Armour Stone, Steps and Flagstone. This Class B Aggregate License allows for the same tonnage as Rogue Stone- Orillia and Rogue Stone- Bobcaygeon.

"Rogue Stone continues to ramp-up safely and helps deliver positive Adjusted EBITDA is for the Company", said Sean Samson, President and CEO of Rogue." The third producing quarry helps with our product offering and helps us build a predictable and profitable business supplying dimensional limestone into the landscape industry."

About Rogue Resources Inc.

Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and quality deposits that can withstand all stages of the commodity price cycle. The Company includes Rogue Stone selling quarried limestone for landscape applications from two operating quarries in Ontario; Rogue Quartz focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Québec; Rogue Timmins with the gold potential at Radio Hill and an ownership position in the private company EV Nickel, exploring in the Shaw Dome.

Qualified Person

The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

For more information visit www.rogueresources.ca or contact:

+1-647-243-6581
info@rogueresources.ca

Cautionary Note Regarding Forward-Looking Statements:

This news release contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "believes", "anticipates", "expects", "plans", "intends", "target", "estimates", "projects", "continue", "potential" and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the following: closing of future tranches of the Private Placement.

The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of the Company including, without limitation: business strategies and the environment in which the Company will operate in the future; commodity prices; exploration and development costs; mining operations, drilling plans and access to available goods and services and development parameters; regulatory restrictions; the ability of the Company to obtain applicable permits; the ability of the Company to service its debt obligations; the Company's ability to qualify for government funded support programs; the Company's ability to raise capital on terms acceptable to it or at all; activities of governmental authorities (including changes in taxation and regulation); currency fluctuations; the unpredictable economic impact of the COVID-19 pandemic, including the acquisition of equipment and recruitment of human resources required for the sales expansion; the global economic climate; and competition.

The Company believes that the material factors, expectations and assumptions reflected in the forward-looking statements contained in this news release are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation, those risks identified in the Company's most recent annual and interim management's discussion and analysis, copies of which are available on the Company's SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.

The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

The landscape stone trade is transacted using imperial "tons" in contrast to both base metals and industrial minerals (including nickel and quartz, which use metric "tonnes". Permitting of stone in Ontario is regulated in tonnes.

SOURCE: Rogue Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/666038/Rogue-Update-Quarterly-Results-Stone-Sales-Continue-Close-to-200K-in-Adjusted-EBITDA-for-Q1-2022

Lundin Mining Corporation (TSE:LUN) shareholders might be concerned after seeing the share price drop 16% in the last quarter. Looking further back, the stock has generated good profits over five years. After all, the share price is up a market-beating 81% in that time.

Since it's been a strong week for Lundin Mining shareholders, let's have a look at trend of the longer term fundamentals.

See our latest analysis for Lundin Mining

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During the last half decade, Lundin Mining became profitable. That's generally thought to be a genuine positive, so we would expect to see an increasing share price. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. We can see that the Lundin Mining share price is up 38% in the last three years. Meanwhile, EPS is up 13% per year. This EPS growth is reasonably close to the 11% average annual increase in the share price (over three years, again). That suggests that the market sentiment around the company hasn't changed much over that time. Rather, the share price has approximately tracked EPS growth.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. Dive deeper into the earnings by checking this interactive graph of Lundin Mining's earnings, revenue and cash flow.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Lundin Mining's TSR for the last 5 years was 100%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Lundin Mining shareholders have received returns of 34% over twelve months (even including dividends), which isn't far from the general market return. Most would be happy with a gain, and it helps that the year's return is actually better than the average return over five years, which was 15%. Even if the share price growth slows down from here, there's a good chance that this is business worth watching in the long term. It's always interesting to track share price performance over the longer term. But to understand Lundin Mining better, we need to consider many other factors. For example, we've discovered 4 warning signs for Lundin Mining (1 shouldn't be ignored!) that you should be aware of before investing here.

Lundin Mining is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

TTC, TransLink, Teck and Vancouver Coastal Health expand copper pilot after successful first phase

TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) — Antimicrobial copper coatings are being installed on high-touch transit surfaces on Toronto Transit Commission (TTC) and TransLink vehicles, following a successful pilot phase on transit that supports copper’s ability to kill up to 99.9 per cent of bacteria on transit surfaces.

This new round of testing seeks to confirm those results from the first phase in Vancouver by evaluating copper surfaces on more transit vehicles over a longer duration of time across two different regions. For this phase, the medical microbiology teams at Vancouver Coastal Health (VCH) and Mount Sinai Hospital/University Health Network will be undertaking regular bacteria testing, and VCH will be conducting laboratory testing on copper’s ability to kill viruses in addition to bacteria.

This trial, fully funded by Teck Resources Limited (Teck) as part of its Copper & Health program, will outfit copper on high-touch surfaces on several TTC buses, subway cars, and streetcars, as well as several TransLink buses and SkyTrain cars.

TRIAL DETAILS

This trial will test three types of registered products including functional copper surface layers, copper alloys, and copper decals.
Copper products will be installed on buses, subway cars, and streetcars in the Greater Toronto Area as well as buses and SkyTrains in Metro Vancouver.
Samples will be analyzed from copper surfaces as well as non-copper surfaces on transit by VCH’s medical microbiology team, supported by Mount Sinai Hospital/University Health Network in Toronto and the University of British Columbia in Vancouver.
- These tests will occur every two months over a one-year period.
Researchers from the University of British Columbia will also test and analyze the durability of the three products as they age over the course of the year.
This trial is being conducted at no cost to either transit service.

The results of this trial could improve understanding of options for infection prevention for the transit industry and other industries that rely on shared public spaces.

The project is the result of a partnership between Teck Resources Limited, Toronto Transit Commission, TransLink, Vancouver Coastal Health (VCH), Mount Sinai Hospital/University Health Network, the Coalition for Healthcare Acquired Infection Reduction (CHAIR), UBC Department of Materials Engineering, VGH & UBC Hospital Foundation, and Westech Cleaning Audit Systems. The trial follows preceding studies conducted by the Infection Prevention and Control team at VCH that have shown copper to be highly durable and effective at killing bacteria in laboratory and healthcare settings.

FAST FACTS

Copper is the only solid metal touch surface registered as a public health product by Health Canada and the U.S. Environmental Protection Agency, proven to naturally eliminate up to 99.9% of bacteria.
During Phase One’s five-week trial period, more than 1,140 samples were collected and analyzed by VCH at Vancouver General Hospital and at the University of British Columbia.
- The trial supports copper’s ability to kill up to 99.9 per cent of bacteria on transit surfaces.

QUOTES

Don Lindsay, President and CEO, Teck –
“I want to thank the TTC, TransLink and all partners for their leadership in making our communities safer using antimicrobial copper on transit. Through our Copper & Health program, Teck is working with numerous organizations to leverage copper’s unique antimicrobial properties and enhance public health and safety.”

Richard J. Leary, Toronto Transit Commission CEO –
“Safety has always been the top priority for the TTC – and it’s important that both our employees and customers feel safe every time they’re on one of our vehicles. Participating in a pilot like this with our hospital partners is a real opportunity to look at new ways to curb the spread of infection. The COVID-19 pandemic has reminded us of the importance of innovating and planning for the future. I’m proud that the TTC is working with Teck to do just that.”

Kevin Quinn, TransLink CEO –
“The pandemic has taught us to be bold and innovative to continue meeting the needs of our customers. Through this copper pilot, we have partnered with healthcare professionals to find creative ways to make transit cleaner and safer for our customers, and we’ve found that copper can kill up to 99.9 per cent of bacteria on transit surfaces so far. We’re so excited to have our industry-leading pilot expand nationally to learn more about copper’s potential health benefits on transit.”

Dr. Marthe Charles, Medical Microbiologist, Vancouver Coastal Health –
“Gaining a better understanding of the effectiveness and feasibility of using copper to kill bacteria on frequently-touched surfaces has implications that are far reaching. We are grateful for industry partners like Teck, TransLink and the Toronto Transit Commission which are supporting research that could decrease our society’s exposure to potential pathogens on transit and in public spaces for years to come.”

Dr. Tony Mazzulli, Microbiologist-in-Chief, Sinai Health/University Health Network –
“If this study confirms the results of the initial first phase study conducted in Vancouver showing the effectiveness of copper to kill 99.9% of bacteria, which I believe it will, it will open up the potential for its use in a broad range of settings where there are high touch surfaces. The potential impact of this at reducing the spread of infections from surfaces will be tremendous.”

Angela Chapman, President & CEO, VGH & UBC Hospital Foundation –
“Vancouver Coastal Health’s Infection Prevention & Control leaders are among the best in the world and we are thrilled to see their important research project expand across the country. Donor support is vital to accelerate and expand projects like this copper trial and we’re grateful to Teck for continuing to fund this vital research.”

MORE INFORMATION:
Coppersaveslives.com
Vancouver Coastal Health copper pilot webpage

Media downloads:
Images and Video

Teck media contact:
Chris Stannell
C: 604.699.4368
E: chris.stannell@teck.com

TTC media contact
TTC Media Relations
C: 416.981.1900
E: media@ttc.ca

TransLink media contact:
TransLink Media Relations
E: media@translink.ca

Vancouver Coastal Health media contact:
April Penney
C: 604.290.7482
E: april.penney@vch.ca

Investor Contact
Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621
fraser.phillips@teck.com

In this article, we discuss the 10 best international stocks in 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best International Stocks in 2021.

Diversifying your stock portfolio by increasing exposure to international companies working in high-growth areas is perhaps one of the best ways to hedge against risks, according to analysts. According to a study by consulting firm McKinsey & Company published in March 2021, the Mega 25 companies generated a collective market-capitalization growth of over $5.8 trillion. The Mega 25 includes international stocks such as Alibaba Group Holding Limited (NYSE: BABA), Apple Inc. (NASDAQ: AAPL), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), and Sea Limited (NYSE: SE).

Furthermore, during the fourth quarter of 2020, international stocks began to gain traction in the global stock market propelled by anticipation for COVID-19 vaccinations. The international vaccine-manufacturing stocks are likely to have benefited most from the fast-growing biotech sector. German biotech firm BioNTech SE (NASDAQ: BNTX) has gained 258%, year-to-date. On the other hand, shares of British vaccine maker AstraZeneca PLS (NASDAQ: AZN) increased 16% year-to-date.

Our Methodology

With this context in mind, here is our list of the 10 best international stocks in 2021. Most of these companies are headquartered outside of the United States and operate internationally. These stocks were selected based on their basic business fundamentals, hedge fund sentiment, and analyst ratings. The stocks were chosen and ranked based on the number of hedge fund holdings as of the end of the second quarter of 2021, based on our data of 873 hedge funds.

Why use hedge fund sentiment to choose stocks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Best International Stocks in 2021

10. Toyota Motor Corporation (NYSE: TM)

Number of Hedge Fund Holders: 12

Toyota Motor Corporation (NYSE: TM) is a Japan-based multinational automotive manufacturer that produces vehicles under five brands, namely Lexus, Ranz, Hino, Daihatsu, and Toyota. Toyota ranks tenth on the list of the best international stocks in 2021.

Toyota Motor Corporation (NYSE: TM) markets vehicles in over 170 countries worldwide with manufacturing plants located in Europe, Africa, Asia & Middle East, Oceania, North America, and Japan. The company was founded in 1937 and started publicly trading in the NYSE in September 1999.

In April 2021, Toyota Motor Corporation (NYSE: TM) signed a definitive agreement to acquire the self-driving division of ride-hailing company Lyft for $550 million. The deal is expected to close in the third quarter of 2021.

On March 30th, Citi analyst Arifumi Yoshida resumed coverage on Toyota Motor Corporation (NYSE: TM) with a Buy rating. The analyst mentioned the company can deliver a 10% operating margin over fiscal 2022.

The company has a market cap of $278.79 billion and currently offers a dividend yield of 2.58%. In the fiscal fourth quarter of 2021, Toyota Motor Corporation (NYSE: TM) reported revenue of $69.44 billion.

Just like Alibaba Group Holding Limited (NYSE:BABA), Apple Inc. (NASDAQ:AAPL), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), BioNTech SE (NASDAQ:BNTX), AstraZeneca PLS (NASDAQ:AZN), and Sea Limited (NYSE:SE), Toyota Motor Corporation (NYSE: TM) is one of the best international stocks in 2021.

9. BioNTech SE (NASDAQ: BNTX)

Number of Hedge Fund Holders: 20

BioNTech SE (NASDAQ: BNTX) markets active immunotherapies for the treatment of diseases and it ranks ninth on the list of 10 best international stocks in 2021.

On August 31, the price target of BioNTech SE (NASDAQ: BNTX) was raised to $300 from $111 with a Neutral rating from UBS analyst Eliana Merle. The analyst believes BioNTech SE (NASDAQ: BNTX) plays a key role in the rollout of COVID vaccines.

The company has a market cap of $83.67 billion. In the second quarter of 2021, BioNTech SE (NASDAQ: BNTX) reported an adjusted EPS of $12.64, beating estimates by $3.68. The company’s revenue in the second quarter of 2021 came in at $6.23 billion, beating estimates by $2.35 billion.

Baron Funds mentioned BioNTech SE (NASDAQ: BNTX) in its Q2 2021 investor letter:

“BioNTech SE is a leader in the emerging field of mRNA drugs, with additional programs in engineered cell therapies, antibodies, and immunomodulators. Shares performed well for the quarter as the COVID-19 vaccine rollout progressed, and we believe the pandemic has been a strong proof point of the speed and efficacy of the mRNA platform. Beyond vaccines, we think BioNTech has potential to disrupt the biopharmaceutical space with a pipeline spanning oncology, infectious diseases, and rare diseases.”

8. Rio Tinto Plc (NYSE: RIO)

Number of Hedge Fund Holders: 21

Rio Tinto Plc (NYSE: RIO) is an Australian metals and mining corporation based in London that ranks eighth on the list of 10 best international stocks in 2021. The global mining giant operates in over 35 countries worldwide with most of its assets strategically located in Australia, North America, Europe, Asia, Africa, and Central and South America.

This August, Wells Fargo analyst Edward Kelly upgraded Rio Tinto Plc (NYSE: RIO) to a Buy rating from a Neutral rating with a $105.77 per share price target. Kelly believes that RIO has a compelling FCF outlook.

The company has a market cap of $122.21 billion and currently offers a dividend yield of 9.01%.

Just like Alibaba Group Holding Limited (NYSE:BABA), Apple Inc. (NASDAQ:AAPL), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), BioNTech SE (NASDAQ:BNTX), AstraZeneca PLS (NASDAQ:AZN), and Sea Limited (NYSE:SE), Rio Tinto Plc (NYSE: RIO) is one of the best international stocks in 2021.

7. Nokia Corporation (NYSE: NOK)

Number of Hedge Fund Holders: 26

Nokia Corporation (NYSE: NOK) is a multinational consumer electronics manufacturer based in Finland. The company specializes in telecommunications, information technology, and electronics. Nokia Corporation has operations in over 130 countries. Nokia Corporation (NYSE: NOK) ranks seventh on the list of 10 best international stocks in 2021.

Recently, Nokia Corporation (NYSE: NOK) released its Nokia 5.3, an Android phone made in India. The smartphone has a 64MP quad-camera and provides 2 days of battery life with one charge.

On August 3, Societe Generale analyst Aleksander Peterc raised the price target of Nokia Corporation (NYSE: NOK) to $7.81 from $6.27 per share and kept His Buy rating on the stock.

The company has a market cap of $29.33 billion. In the second quarter of 2021, Nokia Corporation (NYSE: NOK) reported an EPS of $0.11, beating estimated by $0.05. The company reported second-quarter revenue of $6.32 billion, beating estimates by $193.68 million.

6. Canadian Natural Resources Limited (NYSE: CNQ)

Number of Hedge Fund Holders: 27

Canadian Natural Resources Limited (NYSE: CNQ) is a hydrocarbon exploration company based in Canada and it ranks sixth on the list of 10 best international stocks in 2021. The company is the largest producer of oil and gas in Alberta with reserves in the Arctic and off the East Coast.

This August 6, TD Securities raised the price target of Canadian Natural Resources Limited (NYSE: CNQ) to $43.71 per share from $41.33 per share and kept its Buy rating on the stock.

The company has a market cap of $39.49 billion and currently offers a dividend yield of 4.51%. In the second quarter of 2021, Canadian Natural Resources Limited (NYSE: CNQ) reported an EPS of $0.99, beating estimates by $0.23. Following solid quarterly results, Canadian Natural Resources Limited (NYSE: CNQ) reported its expected FY2021 capital of $3.2 billion with a 1,225,000 BOD/d production.

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CATEGORY	TONNAGE (MT)	CU %	AU G/T	AG G/T	AU (MOZ)	CU (KT)	AG (MOZ)
Indicated	207	0.23	0.35	1.09	2.33	476.1	7.25
Inferred	147	0.15	0.33	1.02	1.56	220.5	4.82

CATEGORY	TONNES (MT)	AG (G/T)	CU (%)	PB (%)	ZN (%)	AG (MOZS)	CU (MLBS)	PB (MLBS)	ZN (MLBS)
MEASURED	52.0	39.2	0.04%	0.3%	4.0%	65.5	45.9	379.1	4,589.3
INDICATED	18.4	37.0	0.03%	0.2%	1.9%	21.9	10.8	87.0	764.6
TOTAL M&I	70.4	38.6	0.04%	0.3%	3.4%	87.4	56.8	466.1	5,353.9
INFERRED	0.1	8.8	0.02%	0.2%	6.4%	0.02	0.04	0.4	10.7

CORPORATE EXPENSES	Minimum Offering*		Maximum Offering*
	6 months (Oct. 2021 – April 2022)		12 months (Oct. 2021 – Sept. 2022)
Management fees & consulting (CEO & CFO)	$	100,000	$	200,000
Shareholder communications (incl. IR activities)		30,000		60,000
Audit fees		20,000		40,000
Professional fees		40,000		80,000
Public company fees		13,750		27,500
Insurance		7,500		15,000
Transfer agent		2,100		4,200
Office rent		5,500		11,000
Telecommunications		4,000		8,000
General office		7,500		15,000
Total Corporate Expenses	$	230,350	$	460,700

PROJECT EXPENDITURES
Drilling		293,850		938,500
Artificial intelligence and machine learning		350,000		350,000
Geophysical work		–		125,000
Field mapping		125,800		125,800
Total Project Expenditures	$	769,650	$	1,539,300

Grand Total	$	1,000,000	$	2,000,000

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A Different Perspective

Best International Stocks in 2021

10. Toyota Motor Corporation (NYSE: TM)

9. BioNTech SE (NASDAQ: BNTX)

8. Rio Tinto Plc (NYSE: RIO)

7. Nokia Corporation (NYSE: NOK)

6. Canadian Natural Resources Limited (NYSE: CNQ)

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