Sept 21 (Reuters) – Canadian miner Teck Resources Ltd cut its forecast for annual refined zinc production on Tuesday, citing an impact on its operations from wildfires in British Columbia.

The company projected refined zinc production for 2021 to be in the range of 285,000 tonnes to 290,000 tonnes, down from a previous estimate of 290,000 tonnes to 300,000 tonnes. https://refini.tv/3nN5u3M

Teck's Trail Operations, located in British Columbia, were temporarily shut in August for about ten days due to poor ambient air quality resulting from wildfires. It contains one of the world's largest fully integrated zinc and lead smelting and refining complexes, as per the company's website.

The miner also reduced its third-quarter sales outlook for contained zinc from its Red Dog operations in northwest Alaska to 145,000 tonnes to 155,000 tonnes, down from 180,000 tonnes to 200,000 tonnes expected previously.

The latest production forecast cut comes months after Teck in July slashed its steelmaking coal output outlook by 1.9% at midpoint due to the wildfires. (Reporting by Aakriti Bhalla in Bengaluru; editing by Uttaresh.V)

VANCOUVER, BC, Sept. 20, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX) ("FPX" or the "Company") is pleased to announce the completion of drilling programs at the Decar Nickel District in Central British Columbia. The previously announced programs (see FPX's June 29, 2021 news release) mark the most active campaign at Decar since 2012, with a focus on resource conversion of the Baptiste Deposit ("Baptiste") plus a maiden drill campaign at the Van Target, located 6 kilometres north of Baptiste.

At the Van Target, a total of 2,689 metres of drilling in nine widely-spaced diamond drill holes has been completed. Maiden drilling at Van was designed to test the sub-surface potential for mineralization in areas below and adjacent to prospective samples of outcropping bedrock, which had defined a target area of approximately 2.9 square kilometres. The size of the Van Target defined by outcrop sampling is comparable to the Baptiste deposit, which measures 3.2 kilometres along strike with widths of up to 1,080 metres.

At Baptiste, a 10-ten hole, 2,710-mere infill diamond drilling program has been completed. Drilling at Baptiste was designed to convert the deposit's near-surface inferred resources to the indicated classification to support an eventual Baptiste preliminary feasibility study. The mine plan in the Baptiste preliminary economic assessment envisaged the mining of a total of approximately 1.5 billion tonnes of material for processing over the Project's 35-year mine life, with approximately 89% of this mineralization classified in the indicated category and 11% in the inferred category.

Assays from the Van and Baptiste programs are pending, and first results are expected to be reported by the Company in October.

Dr. Peter Bradshaw, P. Eng., FPX's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

About the Decar Nickel District

The Company's Decar Nickel District claims cover 245 km² of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia. The District is a two-hour drive from Fort St. James on a high-speed logging road.

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni₃Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling in the first three plus petrographic examination, electron probe analyses and outcrop sampling on all four. Since 2010, approximately US $24 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 82 holes and over 31,000 metres of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit. The Van target was not drill-tested at that time as rock exposure was very poor prior to more recent logging activity.

As reported in the current NI 43-101 resource estimate, having an effective date of September 9, 2020, the Baptiste Deposit contains 1.996 billion tonnes of indicated resources at an average grade of 0.122% DTR nickel, containing 2.4 million tonnes of nickel, plus 593 million tonnes of inferred resources with an average grade of 0.114% DTR nickel, containing 0.7 million tonnes of nickel, both reported at a cut-off grade of 0.06% DTR nickel. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne, President, CEO and Director

Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/20/c2358.html

(Bloomberg) — Australia’s top three iron ore miners have shed a combined $109 billion in share value in less than two months — roughly equivalent to the market cap of General Electric Co. — following a record-breaking price rout.

It’s a dramatic reversal of fortunes for Rio Tinto Group, BHP Group and Fortescue Metals Group Ltd., which only last month were showering record dividends on shareholders after prices of the steel-making ingredient surged to an all-time high above $230 a ton in May. They’ve since plunged to near $90 as China stepped up curbs on steel production to meet environmental goals.

Rio Tinto, the world’s biggest ore producer, has retreated 29% from July 29, BHP is down 30% and Fortescue has plunged 44%. That adds up to value destruction of A$150 billion ($109 billion), Bloomberg calculations show. The three miners together account for more than 8% of Australia’s benchmark S&P/ASX 200 share index, which has slipped 2% over the period.

See also: Iron Ore’s Rout Keeps Rolling as China Imposes More Steel Curbs

There could be more weakness — both in iron ore and the miners’ shares — to come as Beijing doubles down on efforts to cut pollution before it hosts the Winter Olympics next February. The price rout has seen analysts scurrying to their spreadsheets to downgrade earnings forecasts for the big miners. Morgans Financial Ltd. slashed its share price target for Fortescue by more than a quarter to A$14.15 late last week and also trimmed targets for BHP and Rio.

“Despite trading back at lower levels, we remain cautious on our big miners, expecting more short-term weakness in iron ore to unfold,” Adrian Prendergast, resources analyst at Morgans, said in a note. BHP and Rio are “trading around accumulate territory, but again we remain cautious given the poor state of their largest exposure,” he said.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

Rio Tinto Group (LSE:RIO) investors are taken on a rollercoaster ride with the high success in the last 12 months, followed by the recent downfall of Iron Ore prices. Dividend yields for investors reached some 14%, however, the seemingly attractive yield may not be sustainable in light of the changing macro situation. We are going to overview the dividend policy and earnings potential for Rio Tinto, in order to see if the recent market volatility represents an opportunity or a convergence to true value.

Rio Tinto Group likely looks attractive to investors for the dividends, given its high dividend yield and a payment history of over ten years.

Some simple analysis can reduce the risk of holding Rio Tinto Group for its dividend, and we'll focus on the most important aspects below.

Explore this interactive chart for our latest analysis on Rio Tinto Group!

Payout ratios

Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable.

Rio Tinto Group paid out 60% of its profit as dividends, over the trailing twelve month period. This is a healthy payout ratio, and also gives the company some earnings to fund sustainable growth.

We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend.

Rio Tinto Group paid out a conservative 44% of its free cash flow as dividends last year. It's positive to see that Rio Tinto Group's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable.

While the above analysis focuses on dividends relative to a company's earnings, we do note Rio Tinto Group's strong net cash position, which will let it pay larger dividends for a time, should it choose.

Remember, you can always get a snapshot of Rio Tinto Group's latest financial position, by checking our visualisation of its financial health.

Dividend Sustainability Factors

Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. With recent, rapid earnings per share growth and a payout ratio of 60%, this business looks like an interesting prospect if earnings are reinvested effectively.

However, the company is massively dependent on iron ore prices, and their spike in the recent year has accounted for a large portion of their profit growth.

This scenario is unlikely to repeat, as Iron Ore prices are plummeting because of reduced demand in China. In the graph below, you can see the extent of the fall.

In their risk-factor outline (page 6), the company outlines "Credit conditions, cooling exports and softer housing market in China main risks to demand", which unfortunately seems to be currently materializing with the decline in demand from China, and the slowdown of the Chinese housing market stemming from Evergrande's financial distress.

With all that in mind, Rio Tinto is a great stock to watch and look for recovery points, since the company is using last year's great performance to stabilize debt and invest in growth projects with US$3.3b in CapEx.

Conclusion

To summarize, shareholders should always check that Rio Tinto Group's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. While the last 12 months were immensely successful to the point of the company declaring a special dividend, we see trouble on the horizon and Rio Tinto will have to cut back in order to stabilize.

The company is in great shape, working down its debt, financing new growth projects and finding sustainable replacements for expiring excavation sites.

Considering the dividends, Rio Tinto Group has an acceptable payout ratio and its dividend is well covered by cashflow, and while current investors were positively surprised, future investors will need to keep an eye out for any potential changes in the dividend payout.

Additionally, we've come across 3 warning signs for Rio Tinto Group you should be aware of, and 1 of them is a bit unpleasant.

If you are a dividend investor, you might also want to look at our curated list of dividend stocks yielding above 3%.

Simply Wall St analyst Goran Damchevski and Simply Wall St have no position in any of the companies mentioned. This article 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.

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

Depressed demand for industrial commodities is seen, but these companies have strong balance sheets and low price-to-earnings multiples.

By Dhirendra Tripathi

Investing.com – Stocks of steel and iron-ore producers took a knock in global markets Monday on fears over the cascading impact of the crisis unfolding at real estate developer China Evergrande (OTC:EGRNY).

ADRs of ArcelorMittal (NYSE:MT) fell 5.5%, BHP (NYSE:BHP) 5.4%, Rio Tinto (NYSE:RIO) 6% and Vale (NYSE:VALE) 3% in Monday’s premarket trading on the NYSE. Elsewhere, Anglo American (LON:AAL) fell 7% in London and Fortescue Metals closed (ASX:FMG) 4% lower in Sydney.

Evergrande shares fell more than 10% to touch their 11-year low in Hong Kong trading as the beleaguered developer began to sell its assets at hefty discounts. Traders stayed jittery as China’s second largest property developer has a bond interest due Thursday, according to Reuters.

There are concerns that a default on its $300 billion of liabilities could crystallize broader risks in China's financial system.

Shares of metals and iron-ore have lately been under pressure as the world’s biggest consumer attempts to limit its steel output at last year’s level of around 1.05 billion tons. According to UBS, output is likely to be near 1.07 billion tons in 2021-22 and flat in 2022-23. This is around 5% lower than its previous forecast of 1.13 billion tons.

Also weighing on markets more broadly is uncertainty ahead of a suite of central bank meetings this week. most notably at the U.S. Federal Reserve.

The Fed begins its two-day meet Tuesday. All eyes are on the central bank’s likely commentary on the timeline of the tapering. According to Reuters, market consensus is that it will stick with broad plans to begin stimulus withdrawal this year but will hold off providing details on a timeline for at least a month.

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, September 20, 2021–(BUSINESS WIRE)–Sherritt International Corporation ("Sherritt") (TSX: S) today released its 2020 Sustainability Report, outlining the Company’s recent performance on environmental, social, and governance (ESG) matters and upgraded targets and commitments, including achieving net-zero emissions by 2050.

"Sherritt has a long and positive track record of sustainable activities in the communities in which we operate," said Leon Binedell, President and CEO of Sherritt International. "We extended this performance in 2020 by making progress on a number of our ESG commitments, including achieving zero fatalities at our operations and implementing additional health and safety measures to protect employees at our operations from COVID-19. We plan to extend this momentum through a number of upgraded ESG targets in the near and longer terms as well through the role our nickel and cobalt products and Technologies capabilities will play in reducing carbon emissions in the years ahead."

Sherritt’s 2020 Sustainability highlights include:

• Experienced zero work-related fatalities at our operations and in our local communities.

• Continued peer-leading reductions in injury rates, with a Total Recordable Incident Frequency Rate (TRIFR) decrease of 49% and a Lost Time Incident Frequency Rate (LTIFR) decrease of 63% over three years.

• Maintained safe and full production despite the COVID-19 pandemic by utilizing an essential workforce as permitted by local public health guidance.

• Implemented a number of additional health and safety measures designed to protect employees, contractors, suppliers and other stakeholders at our operations from COVID-19.

• Generated more than $500 million in economic benefits for host communities and countries.

• Sherritt’s community investments were aligned with local priorities. Donations in-kind consisted of items such as refrigeration equipment for educational and public health centres, road maintenance equipment, and equipment to increase potable water supply.

• Completed a conflict-affected and high-risk areas (CAHRA) assessment based on OECD guidance that concluded that Sherritt, its subsidiaries, and the Moa Joint Venture do not source from, produce in, or transit through CAHRAs. This assessment was independently validated.

• Signed the BlackNorth Initiative Pledge.

• Experienced no security incidents involving allegations of human rights abuses at any of Sherritt’s operations.

Sherritt’s upgraded ESG Targets include:

• Achieving net carbon neutrality by 2050.

• Ensuring that 36% of employees are female by 2030, doubling the total from 2019.

• Reducing overall greenhouse gas (GHG) emissions intensity by 10% by 2030.

• Generating 15% of our overall energy needs through renewable sources by 2030.

• Aligning 100% of our community investments with local priorities by 2024.

Sherritt’s 2020 Sustainability Report, which was prepared in accordance with the Global Reporting Initiative’s (GRI) Standards and with the Sustainability Accounting Standards Board (SASB) Metals and Mining Standard, is available online at http://sustainability.sherritt.com.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol "S".

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005621/en/

Contacts

Joe Racanelli, Director of Investor Relations
Email: investor@sherritt.com
Telephone: (416) 935-2457
www.sherritt.com

MELBOURNE, Australia, September 19, 2021–(BUSINESS WIRE)–Rio Tinto has approved a new solar farm and battery storage at Weipa in Queensland, in a move that will more than triple the local electricity network’s solar generation capacity and help provide cleaner power to Rio Tinto’s operations.

Under the plans, EDL has been contracted to build, own and operate a 4MW solar plant and 4MW/4MWh of battery storage at Weipa. Work on the battery facilities will start this year, with construction of the whole project expected to be complete by late 2022.

The new solar farm and battery storage will complement the existing 1.6MW solar farm at Weipa, which was completed in 2015 and is also owned and operated by EDL. The 4MWh battery system will be built next to the existing Weipa power station and will help provide a stable power network for Rio Tinto’s Weipa Operations bauxite mines and the Weipa township.

Rio Tinto Aluminium Pacific Bauxite Operations General Manager Michelle Elvy said "The new solar farm and battery storage at Weipa will help us lower our carbon footprint and diesel use in a reliable way.

"The original Weipa solar farm was the largest solar facility at an off-grid Australian mine site at the time it was built, and it played an important role in showing the viability of renewable energy systems in remote locations.

"The new solar farm and battery storage system is part of Rio Tinto’s group-wide commitment to reduce emissions across our operations. There is clearly more work to be done, but projects like this are an important part of meeting our climate targets."

EDL Chief Executive Officer James Harman said "We welcome the opportunity to continue supporting Rio Tinto to reduce carbon emissions.

"EDL will be leveraging expertise from our hybrid renewable energy systems around Australia to deliver clean and reliable energy for Rio Tinto’s operations and the local community."

When complete, the combined 4MW solar capacity and 4MW/4MWh battery will provide about 11 gigawatt hours of energy annually. Combined with upgrades to the existing Weipa power generation network, the improvements will reduce Weipa Operations’ diesel consumption by an estimated 7 million litres per year and lower its annual carbon dioxide emissions by about 20,000 tonnes – the equivalent of taking more than 3,750 cars off the road.

Rio Tinto Weipa Operations will purchase electricity from EDL and the new solar plant will be connected directly to the Weipa electricity network.

More information on Rio Tinto’s climate targets can be found here.

riotinto.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210919005041/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: Weipa

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at Mount Gibson Iron (ASX:MGX) so let's look a bit deeper.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Mount Gibson Iron is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.13 = AU$101m ÷ (AU$898m – AU$123m) (Based on the trailing twelve months to June 2021).

So, Mount Gibson Iron has an ROCE of 13%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 8.8% it's much better.

See our latest analysis for Mount Gibson Iron

In the above chart we have measured Mount Gibson Iron's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Mount Gibson Iron here for free.

What Does the ROCE Trend For Mount Gibson Iron Tell Us?

Mount Gibson Iron has recently broken into profitability so their prior investments seem to be paying off. The company was generating losses five years ago, but now it's earning 13% which is a sight for sore eyes. Not only that, but the company is utilizing 80% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

The Bottom Line

Long story short, we're delighted to see that Mount Gibson Iron's reinvestment activities have paid off and the company is now profitable. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 84% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.

On a final note, we found 4 warning signs for Mount Gibson Iron (1 makes us a bit uncomfortable) you should be aware of.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

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.

BHP, Rio Tinto, Anglo American, Glencore, and Vale are now more disciplined in their spending and more vital for renewable power.

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So should Great Western Exploration (ASX:GTE) shareholders be worried about its 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. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Great Western Exploration

How Long Is Great Western Exploration's Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at June 2021, Great Western Exploration had cash of AU$5.2m and no debt. Looking at the last year, the company burnt through AU$2.5m. Therefore, from June 2021 it had 2.1 years of cash runway. That's decent, giving the company a couple years to develop its business. Depicted below, you can see how its cash holdings have changed over time.

How Is Great Western Exploration's Cash Burn Changing Over Time?

While Great Western Exploration did record statutory revenue of AU$81k over the last year, it didn't 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. During the last twelve months, its cash burn actually ramped up 71%. Oftentimes, increased cash burn simply means a company is accelerating its business development, but one should always be mindful that this causes the cash runway to shrink. Great Western Exploration makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Great Western Exploration Raise More Cash Easily?

Given its cash burn trajectory, Great Western Exploration shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future 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.

Since it has a market capitalisation of AU$29m, Great Western Exploration's AU$2.5m in cash burn equates to about 8.5% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Great Western Exploration's Cash Burn?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Great Western Exploration's cash burn relative to its market cap was relatively promising. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. On another note, we conducted an in-depth investigation of the company, and identified 5 warning signs for Great Western Exploration (2 don't sit too well with us!) that you should be aware of before investing here.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

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.

MELBOURNE, Australia, September 17, 2021–(BUSINESS WIRE)–Rio Tinto Iron Ore chief executive Simon Trott joined WA Health Minister Roger Cook today to open the Tom Price COVID-19 vaccination clinic aimed at boosting vaccination rates in the Pilbara, Western Australia.

The clinic, set up in partnership with Rio Tinto, WA’s Department of Health, WA Country Health Service and the Shire of Ashburton, will operate from 9am to 6pm at the Tom Price Community Centre from today through to 21 September. It will return in the coming weeks to enable the community to receive their second dose of the vaccine.

Vaccination bookings are available for all people who live or are currently in the region, including local and Aboriginal communities, Rio Tinto employees, contractors and their families. Walk-in appointments will also be welcomed.

Vaccine supply is sufficient to vaccinate the entire population of Tom Price over the age of 12, which is estimated to be about 3,000 people.

The WA Department of Health is also taking bookings for the Paraburdoo clinic, which is set to open to the community at Ashburton Hall on 23 September.

Rio Tinto is working with the WA Government to establish similar clinics in Pannawonica and Dampier, and stands ready to provide logistical support as required to assist with the vaccination rollout in remote Aboriginal communities.

The vaccination hubs at Perth Airport (T2 and T3) will open from 11 October, targeting workers returning to Perth, with bookings open from 27 September via rollup.wa.gov.au.

Rio Tinto is pleased to announce that the hubs will be available to Rio Tinto’s FIFO workforce who regularly travel to and from the Pilbara, as well as Western Australia’s wider FIFO mining industry who wish to utilise the facilities.

For further information or to make an appointment, visit rollup.wa.gov.au.

Rio Tinto Iron Ore chief executive Simon Trott urged all eligible community members in Tom Price to ‘roll up for WA’ and play their part in boosting vaccination rates in the Pilbara.

"We urge the local community to take advantage of having the clinic on their doorstep, and make an appointment as soon as possible. At the end of this blitz, we would love for Tom Price to be the most vaccinated town in Australia which would be a terrific outcome.

"By setting up and running the clinic in Tom Price, it allows the Department of Health to free up resources that can be used to prioritise vaccinations in remote Aboriginal communities, which is a vital part of WA’s pathway out of the pandemic.

"Rio Tinto is proud to work with the WA Government on this important partnership and will continue to look at ways to help to boost vaccination rates across regional WA."

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005961/en/

Contacts

Please direct all enquiries to
Media.enquiries@riotinto.com

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

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Jamie Macdonald
M +61 467 725 517

Kate Barcham
M +61 438 990 238

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: Pilbara

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

MONTREAL, Sept. 17, 2021 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX-V: SOI) (the “Corporation”) announces that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $350,000 (the “Unit Offering”). The Unit Offering consisted of the issuance of 3,500,000 units of the Corporation (the “Units”) at a price of $0.10 per Unit. Each Unit consists of one common share of the Corporation (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.15 per Common Share for a period of 18 months from the date of issuance thereof. The net proceeds from the sale of the Units will be mainly used by the Corporation to advance its Cheechoo gold project, as well as for general and corporate working capital purposes.

In addition, the Corporation is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered flow-through private placement for additional gross proceeds of approximately $98,996 (the “FT Offering” and, collectively with the Unit Offering, the “Offerings”). In connection with this FT Offering, the Corporation issued 824,967 common shares of the Corporation (the “FT Shares”) at a price of $0.12 per FT Share. The aggregate gross proceeds of the FT Offering, including the first tranche previously closed on August 31, 2021, are $886,468.

Each FT Share qualifies as a “flow-through share” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec). The qualifying expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2021. The net proceeds from the sale of the FT Shares will be used by the Corporation to incur eligible “Canadian exploration expenses” related to the Cheechoo, Aquilon and Maskwa gold projects of the Corporation located in Eeyou Istchee James Bay in the province of Quebec.

Finder’s fees totalling $16,280 were paid to finders in connection with the first and second tranches of the FT Offering. The Common Shares and the Warrants issued pursuant to the Unit Offering and the FT Shares issued pursuant to the second tranche of the FT Offering are subject to a restricted hold period ending on January 18^th, 2022. The Offerings remain subject to the final approval of the TSX Venture Exchange.

The President and Chief Executive Officer and a director of the Corporation have subscribed in the Unit Offering for a total of $45,000, which constitutes a “related party transaction” within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61-101”) and TSX Venture Exchange Policy 5.9 – Protection of Minority Security Holders in Special Transactions. However, the directors of the Corporation who voted in favour of the Unit Offering have determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be relied on as neither the fair market value of the Units issued to insiders nor the fair market value of the consideration paid exceeded 25% of the Corporation’s market capitalization. None of the Corporation’s directors have expressed any contrary views or disagreements with respect to the foregoing. A material change report in respect of this related party transaction will be filed by the Corporation but could not be filed earlier than 21 days prior to the closing of the Unit Offering due to the fact that the terms of the participation of each of the non-related parties and the related parties in the Unit Offering were not confirmed.

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 “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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Sirios Resources Inc.
Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Québec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.

Visit our website at www.sirios.com or contact:
Dominique Doucet, President, Eng.
514-918-2867
ddoucet@sirios.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 release.

Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offerings, the renunciation of the eligible “Canadian exploration expenses” by the Corporation in favour of the subscribers no later than December 31, 2021, the final approval of the TSX Venture Exchange in connection with the Offerings, the development of the Cheechoo, Aquilon and Maskwa projects and, generally, the above “About Sirios Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavors to develop the Cheechoo, Aquilon and Maskwa projects and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Friday

It's another red day on Wall Street with all three major indexes lower. As of 11:28 AM eastern time, the Dow Jones index is down around 0.48%, the S&P 500 is 0.73% lower, and the NASDAQ has fallen around 0.87%. With a Federal Reserve meeting next week and September being a historically volatile month, it seems that some investors are a little bit more cautious than usual.

Some important stocks that are on the move on Friday include Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), BeiGene, Ltd. (NASDAQ:BGNE), BHP Group (NYSE:BBL), Thermo Fisher Scientific Inc. (NYSE:TMO), and SmileDirectClub, Inc. (NASDAQ:SDC), among others discussed in detail in this article.

Let's examine why each stock is trending and how elite funds are positioned among them.

Photo by Austin Distel on Unsplash

Why do we care about hedge fund fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. 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 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.

10. Lucid Group, Inc. (NASDAQ: LCID) shares continued their hot streak from yesterday with another 7% rally on Friday.

The electric car maker has momentum due to the EPA this week having given Lucid Group, Inc. (NASDAQ: LCID)'s Dream Air edition vehicle a range of 520 miles, the longest of any electric car that the agency has rated. Some analysts are bullish too. John Murphy of Bank of America said of Lucid on Thursday, "I think it's somewhat somewhere between a combination of Tesla and Ferrari." Murphy has a $30 price target.

For the filing period ended June 30, 2021, Philippe Laffont's Coatue Management owned more than 3.5 million shares of Lucid Group, Inc. (NASDAQ: LCID).

Like Moderna, Inc. (NASDAQ: MRNA) and Thermo Fisher Scientific Inc. (NYSE:TMO), Lucid Group, Inc. (NASDAQ: LCID) is on the move on Friday.

9. BeiGene, Ltd. (NASDAQ:BGNE) stock has rallied more than 4% after after the company announced it received positive CHMP opinion for Zanubrutinib for the potential treatment of adults with Waldenström’s Macroglobulinemia. After the positive CHMP positive opinion, the European Commission will need to consider BeiGene, Ltd. (NASDAQ:BGNE)'s marketing application for the drug candidate with a final decision expected within 67 days of receipt of the CHMP opinion. For the latest 13F filing period, Julian Baker And Felix Baker's Baker Bros. Advisors owned 11,668,897 shares of BeiGene, Ltd. (NASDAQ:BGNE), worth more than $4 billion as of June 30, 2021.

8. BHP Group (NYSE:BBL) is down around 4.5% due to weakness in iron ore prices.

Iron ore prices have weakened due to China pledging to limit steel output to better control carbon emissions. Iron ore accounts for a substantial part of BHP Group (NYSE:BBL)'s total business and China has been a major importer of iron ore. Although UBS analysts expect iron prices to slide below $100 a ton by 2021, they think China's decline in steel production could be due to the weak property market in the country.

Of the around 873 elite funds we track, 24 were long BHP Group (NYSE:BBL) at the end of Q2, 2021.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID) and Thermo Fisher Scientific Inc. (NYSE:TMO), BHP Group (NYSE:BBL) is on the move on Friday.

7. Thermo Fisher Scientific Inc. (NYSE:TMO) shares have surged more than 8% after the company announced that it sees adjusted EPS of $21.16 for FY22 versus the consensus of $19.68. Thermo Fisher Scientific Inc. (NYSE:TMO) also sees FY22 revenue of $40.3 billion, which is also higher than the consensus fo $34.29 billion.

Of the around 873 elite funds we track, 87 were long Thermo Fisher Scientific Inc. (NYSE:TMO) in the second quarter, up from 79 in the first quarter.

6. SmileDirectClub, Inc. (NASDAQ:SDC) is up around 12.8% despite there being no fundamental news and the market being relatively weak. One potential reason could be Reddit traders, who have moved in and out of highly shorted stocks in the past. SmileDirectClub, Inc. (NASDAQ:SDC) has a short float of around 33%.

In terms of the funds we track, 19 elite funds were long SmileDirectClub, Inc. (NASDAQ:SDC) in Q2 2021, down 2 from the prior quarter.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), Thermo Fisher Scientific Inc. (NYSE:TMO) and BHP Group (NYSE:BBL), SmileDirectClub, Inc. (NASDAQ:SDC) is making moves on Friday. Click to continue reading and see Why These 5 Stocks Are On the Move on Friday. Suggested articles

• 25 Best Things to Do in NYC During COVID-19

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Disclosure: None.

The article Why These 10 Stocks Are On the Move on Friday was originally published on Insider Monkey.

Mining stocks came under renewed pressure in London on Friday, as iron-ore prices continued to slump amid China’s push to restrict steel production.

Great Western Bancorp (GWB) shares soared 11.9% in the last trading session to close at $32. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8% loss over the past four weeks.

The announcement of the all-stock merger deal worth $2 billion with First Interstate BancSystem drove Great Western Bancorp’s stock higher in last day’s trading session. Per the deal, Great Western Bancorp will merge into First Interstate and the resulting firm will operate under the First Interstate name and brand.

The transaction is expected to be 20% accretive to First Interstate’s earnings per share in 2023, assuming the fully phased-in cost synergies. Following the merger, Great Western Bancorp will be able to offer its customers access to additional branch locations and new products and services, while delivering additional returns to shareholders.

This holding company for Great Western Bank is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of +280%. Revenues are expected to be $111.99 million, up 9.7% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Great Western Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GWB going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Great Western Bancorp, Inc. (GWB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
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MELBOURNE, September 16, 2021–(BUSINESS WIRE)–On 2 March 2021 the Australian Taxation Office (ATO) issued Rio Tinto Limited with amended assessments related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. The borrowing was repaid in 2018.

The ATO has today issued further assessments in relation to the same transaction levying penalties of A$352m (US$257.9m) and reducing the original interest assessment from A$47m to A$27m (US$19.8m).

Borrowing to fund the payment of a dividend is a normal commercial practice. Rio Tinto is confident of its position and will dispute the primary tax and penalty assessments. In accordance with the usual practice Rio Tinto has paid 50% of the primary tax up-front as part of the objections process. Penalties and interest are not required to be paid until the primary tax matter is resolved.

Rio Tinto Limited paid more than A$8.4bn (US$6.4bn) of Australian income tax during the relevant period.

Please direct all enquiries to media.enquiries@riotinto.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210915006227/en/

Contacts

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

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 plc

6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

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

• Greg Ferron, Frank Hoegel, and certain other shareholders, who, together, hold in aggregate of approximately 12 million shares, have agreed to reverse their previous votes and will vote FOR Fancamp’s director nominees. Mr. Ferron will be appointed to Fancamp’s board of directors.

• As part of the agreement, Fancamp and ScoZinc have agreed to terminate the ScoZinc transaction. Instead, Fancamp will purchase, by way of a private placement, 1,969,697 common shares of ScoZinc at $0.66 per share for $1,300,000. The $300,000 termination fee payable by Fancamp to ScoZinc will be credited towards the private placement purchase price.

• In light of the recent court decision in favour of Fancamp, shareholders have expressed a clear desire to move forward with a strong corporate strategy and avoid further costs and delays.

VANCOUVER, British Columbia, September 16, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) today announced that it has entered into an agreement with Mr. Greg Ferron (the "Agreement"). Mr. Ferron has withdrawn his agreement to serve as a nominee on Mr. Peter H. Smith’s dissident slate, and Mr. Ferron, Frank Hoegel and certain other shareholders will reverse their previous votes and vote FOR Fancamp’s director nominees.

The Agreement aligns the interests of shareholders with the Fancamp Board of Directors (the "Board") and management. Pursuant to the terms of the Agreement:

• Mr. Ferron will be appointed to Fancamp’s Board, replacing Mr. Paul Ankcorn who is resigning. Following the Corporation’s annual general meeting ("AGM"), it is contemplated that Mr. Ankcorn and two other directors will be replaced by Mr. Ferron and two of his nominees who are acceptable to the Board.

• The proposed business combination between Fancamp and ScoZinc Mining Ltd. ("ScoZinc") has been terminated. Instead, Fancamp will purchase, by way of a private placement, 1,969,697 common shares of ScoZinc at $0.66 per share for $1,300,000. The $300,000 termination fee will be credited towards the private placement and Fancamp will pay the balance of $1,000,000. Once the private placement has closed, ScoZinc will appoint one nominee of Fancamp to its board of directors. ScoZinc will also issue 378,788 common shares to Fancamp at a price of $0.66 per share on a shares-for-debt basis to satisfy the $250,000 loan and any other amounts that ScoZinc may owe to Fancamp as part of the loan. This arrangement, which Mr. Ferron supports, will allow Fancamp to benefit from ScoZinc’s production potential and corporate upside. The foregoing is subject to regulatory approval.

• Following the AGM, the Board will advance the Corporation’s strategic plan focused on: exploration properties, titanium technology and strategic alternatives. Fancamp looks forward to working collaboratively with Mr. Ferron and other advisory members.

Vote Your Gold Proxy Today

Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees. Fancamp remains committed to holding the AGM as soon as possible and will advise shareholders of a new date in due course.

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

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. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, information and statements relating to the Corporation’s annual general meeting, and objectives, goals or future plans. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but 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. Accordingly, readers should not place undue reliance on forward-looking 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 news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005305/en/

Contacts

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

The recent 12% drop in Native Mineral Resources Holdings Limited's (ASX:NMR) stock could come as a blow to insiders who purchased AU$114k worth of stock at an average buy price of AU$0.34 over the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth AU$77k, which is not what they expected.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Native Mineral Resources Holdings

The Last 12 Months Of Insider Transactions At Native Mineral Resources Holdings

The Non-Executive & Independent Director Philip Gardner made the biggest insider purchase in the last 12 months. That single transaction was for AU$87k worth of shares at a price of AU$0.37 each. That means that even when the share price was higher than AU$0.23 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months Native Mineral Resources Holdings insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Have Native Mineral Resources Holdings Insiders Traded Recently?

MD, CEO & Director Blake Cannavo bought just AU$5.1k worth of shares in that time. That's not much at all. Looking at the net result, we don't think these recent trades shed much light on how insiders, as a group, are feeling about the company's prospects.

Does Native Mineral Resources Holdings Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Native Mineral Resources Holdings insiders own about AU$14m worth of shares (which is 71% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Native Mineral Resources Holdings Tell Us?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like Native Mineral Resources Holdings insiders think the business has merit. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Native Mineral Resources Holdings has 4 warning signs (and 2 which shouldn't be ignored) we think you should know about.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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.

Assays include 69.6m at 0.65g/t gold and 0.2% copper

OTTAWA, Sept. 16, 2021 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP; OTC:CTNXF; FWB:GWN1) is pleased to provide an update on its Bramaderos gold and copper joint venture in southern Ecuador (see Figures 1 and 2) in which it has a 12.5% interest carried by JV partner and project operator Sunstone Metals Inc. (ASX: STM) through to the start of commercial production (see “About Bramaderos”, below).

Figures related to this news release can be seen in PDF format by accessing the version of this release on the Company’s website (www.cornerstoneresources.com) or by clicking on the link below:

https://cornerstoneresources.com/site/assets/files/5827/nr21-17figures.pdf.

HIGHLIGHTS:

• Strong assay results received for holes BMDD009, 010, and 011 at the Brama prospect:

  • BMDD009: 185.3m¹ at 0.4g/t gold, 0.15% copper, (0.64g/t gold equivalent AuEq²) from 116.8m

  • BMDD010: 170.65m at 0.46g/t gold and 0.15% copper. (0.7g/t AuEq) from 311.75m, including

    • 69.6m at 0.65g/t gold, 0.2% copper, (0.97g/t AuEq) from 347m

  • BMDD011: 404.8m at 0.32g/t gold, 0.09% copper, (0.46g/t AuEq) from surface, including

    • 51.3m at 0.54g/t gold, 0.07% copper (0.65g/t AuEq) from surface

• BMDD009 and 010 have further defined the gold-copper mineralized porphyry and intrusive breccia

• BMDD011 has extended the gold-copper mineralized domain to the northwest, below well mineralized trench sampling

• A detailed 3-D geological model has been built for Brama and will underpin a Mineral Resource Estimate (MRE) to be undertaken in early 2022

• Drilling is ongoing with six more holes planned as part of the maiden Mineral Resource drill program

FURTHER INFORMATION:

The results from holes BMDD009, 010 and 011 further highlight the potential for Brama to host a substantial gold-copper porphyry system (Figure 3).

In light of these results Sunstone has defined a drill program to continue through to December 2021, after which all data will be compiled and an initial Mineral Resource Estimate undertaken in early 2022.

Cornerstone VP Exploration, Yvan Crepeau, said:

The Bramaderos Project is ideally located immediately adjacent to the Pan American highway, and within reasonable distance of available hydropower, supporting the economics of potential development opportunities. The project is also supported by nearby commercial airports and significant cities (Loja) and enjoys strong community support.

* The reader is cautioned that there has been insufficient exploration to define a mineral resource at Brama and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Discussion of Results

Drill hole BMDD009 was drilled in the east and central parts of the main Brama porphyry system (Figures 4 & 5) and intersected a veined porphyry system hosted by diorite. The drill hole further strengthened the interpretation of geology and mineralization between holes BMDD001 and 002.

Drill hole BMDD010 (Figures 4 & 5) intersected the main Brama porphyry stockwork style mineralization and the deeper northern part of the intrusive breccia intersected in BMDD008. The hole drilled orthogonal (at right angles) to previously drilled holes BMDD001, 002 and 005 and has better defined the higher-grade mineralization reported from BMDD001 and historical hole CURI-03, and from the intrusive breccia in hole BMDD005. Hole BMDD010 was drilled at a shallow dip of -30⁰ and therefore the intersections are between 200m and 300m below surface.

Drill hole BMDD011 was drilled towards the northwest from the collar of hole BMDD008 (Figures 4 & 5) and was sited to test the northwest up-dip continuation of the mineralized intrusive breccia body that was intersected at depth in BMDD008, and to test below well mineralized trench intervals of 70m at 0.68g/t gold and 0.16% copper, and 63m at 0.77g/t gold and minor copper.

Assays are pending for holes BMDD012 and 013. Both holes have tested magnetic anomalies to the northwest of the Brama area and have intersected mineralization.

BMDD014 has recently been completed and hole BMDD015 is in progress. Both are testing areas of limited drilling within the higher-grade intrusive breccia.

Table 1: Summary of mineralized intersections in Brama drill holes BMDD009, 010 and 011.

* Gold equivalent values are included in Table 1 to enable comparison, in general terms in an early-stage exploration context, to other large lower-grade gold systems, and to other porphyry systems that are often reported in metal-equivalent terms and are invariably gold and copper deposits, with both metals being targeted by exploration.

Exploration Program at Brama for the Remainder of 2021

Drilling will continue at the Brama target with 1 drill rig through to December 2021. During that period an additional 6 holes for 2,300m are planned to be completed.

This drilling program will form the basis for an maiden (initial) Mineral Resource Estimate (MRE) to be undertaken in early 2022. The goal of this MRE is to establish an initial near surface resource estimate that can then be expanded as exploration continues at Brama and the other nearby targets such as Limon and Melonal (Figure 2). At Brama the >0.4g/t gold equivalent domain is shown in Figure 3 extending from surface to a depth of ~500m as currently modeled and is open at depth. The domain is a plunging ovoid shape with dimensions of 460m (plunge) x 350m (long) x 220m (width).

Planning is also underway for an electrical geophysical survey over the Limon target in late 2021 to early 2022. It is expected that this program will define anomalies for further drill testing in areas where alteration has compromised the magnetic signature of the porphyry systems. The drill targets to be defined will be followed up in 2022. If the results of the survey are promising, then additional surveys may be undertaken at Brama Hill and other targets (Figure 2).

About Bramaderos

Measuring 4,948 hectares, the Bramaderos project is located approximately 130km from the Loja provincial capital in southern Ecuador. The project is easily accessible via the Pan American Highway that crosses the property.

The Bramaderos concession is owned by La Plata Minerales S.A. (“PLAMIN”), which in turn is owned 87.5% by Sunstone (the project operator) and 12.5% by Cornerstone. Cornerstone’s 12.5% interest is carried by Sunstone through to the start of commercial production and repayable at Libor plus 2% out of 90% of Cornerstone’s share of earnings or dividends from the Bramaderos project (see news release 20-01 dated January 7, 2020).

More information about the property can be found at www.cornerstoneresources.com.

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone’s Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Bramaderos project for Cornerstone and has reviewed and approved the information contained in this news release.

Sampling and assaying

Surface and drill core samples from Brama were sent to the LAC y Asociados Cia. Ltda. Sample Preparation Facility in Cuenca, Ecuador for sample preparation. The standard sample preparation for drill core samples (Code PRP-910) is: Drying the sample, crushing to size fraction 70% <2mm and splitting the sample to a 250g portion by riffle or Boyd rotary splitter. The 250g sample is then pulverised to >85% passing 75 microns and then split into two 50g pulp samples. Then one of the pulp samples was sent to the MS Analytical Laboratory in Vancouver (Unit 1, 20120 102nd Avenue, Langley, BC V1M 4B4, Canada) for gold and base metal analysis.

PLAMIN uses a fire assay gold technique for Au assays (FAS-111) and a four acid multi element technique (IMS-230) for a suite of 48 elements. FAS-111 involves Au by Fire Assay on a 30-gram aliquot, fusion and atomic absorption spectroscopy (AAS) at trace levels. IMS-20 is considered a near total 4 acid technique using a 20g aliquot followed by multi-element analysis by ICP-AES/MS at ultra-trace levels. This analysis technique is considered suitable for this style of mineralization.

Standards, blanks and duplicates are inserted ~1/28 samples. The values of the standards range from low to high grade and are considered appropriate to monitor performance of values near cut-off and near the mean grade of the deposit. The check sampling results are monitored and performance issues are communicated to the laboratory if necessary.

Sample security was managed through sealed individual samples and sealed bags of multiple samples for secure delivery to the laboratory by permanent staff of the joint venture. MS Analytical is an internationally accredited laboratory that has all its internal procedures heavily scrutinized in order to maintain their accreditation. MS Analytical is accredited to ISO/IEC 17025 2005 Accredited Methods.

PLAMIN’s sampling techniques and data have been audited multiple times by independent mining consultants during various project assessments. These audits have concluded that the sampling techniques and data management are to industry standards. All historical data has been validated to the best degree possible and migrated into a database.

Rock samples are collected by PLAMIN’s personnel, placed in plastic bags, labeled and sealed, and stored in a secure place until delivery by PLAMIN employees to the LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca, Ecuador.

Rock samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada, where samples are assayed for a multi-element suite (MSA code IMS-136, 15.0 g split, Aqua Regia digestion, ICP-AES/MS finish) and gold by Fire Assay (MSA code FAS-111, 30 g fusion, AAS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish).

Soil samples are dried at low temperature, screened to 80 mesh (MSA code PRP-757); a 15 grams portion is then assayed for a multi-elements suite (MSA code IMS-136, Aqua Regia digestion, ICP-AES/MS finish).

Quality assurance / Quality control (QA/QC)

The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 20-25 samples) as part of PLAMIN’s QA/QC program. Rejects, a 100 g pulp for each rock sample, are stored for future use and controls.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 20.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.86% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither 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 release.

¹ The true width of downhole intersections cannot be determined at this time due to insufficient drilling.

² AuEq is calculated on a gold and copper basis only using metals prices at August 30^th 2021, being US$1,814/oz gold, US$4.36/lb copper using the formula: (gold grade in g/t) + 1.6 * (Cu grade in %). No metallurgical recoveries have been applied to exploration results.

³ See footnote 2 above.

SAP SE’s SAP latest Rise with SAP solution is witnessing strong traction. The solution was recently leveraged by Canada-based Capstone Mining to overhaul its IT infrastructure and slash costs.

Capstone Mining is also planning to deploy SAP S/4HANA Cloud on Microsoft’s MSFT Azure cloud platform by the end of 2021. By implementing Rise with SAP, Capstone Mining will be able to seamlessly transition of SAP services across its mining operations. This will provide management with a complete and unified view of its entire operations, added SAP.

Rise with SAP is the company’s comprehensive business transformation as a service solution that helps enterprises simplify digital transformation in the cloud and achieve better business outcomes. The company launched the solution as a subscription service in January 2021.

The solution includes elements like SAP S/4HANA Cloud enterprise resource planning (ERP) solution and SAP’s Business Process Intelligence platform along with SAP Business Technology Platform consumption credits.

SAP SE Price and Consensus

SAP SE price-consensus-chart | SAP SE Quote

Rise with SAP also has embedded services and tools to offer access to products and services necessary for seamless transformation to SAP S/4HANA.

The solution witnessed addition of more than 250 new clients including the likes of Advanced Micro Devices, EBANX, Fujifilm Diosynth Biotechnologies, The Great Eastern Shipping Co., Inchcape and National Basketball Association among others in the last reported quarter.

A Look at Growth Opportunities for SAP

Walldorf, Germany-based SAP is one of the largest independent software vendors in the world and the leading provider of ERP software. The company’s performance is benefitting from continued strength in its cloud business along with increasing demand for its Rise with SAP solution.

Per a Grand View Research report, the worldwide business software and services market is expected to witness a CAGR of 11.3% between 2021 and 2028. Spending on enterprise software is expected to pick up pace after being hit hard by the pandemic. The projections bode well for SAP.

The company’s cloud-based SAP SuccessFactors HXM solutions are also gaining steady traction. SAP’s SuccessFactors Human Experience management (HXM) solution exited 2020 with more than 900 customers. The SuccessFactors Employee Central solutions form the mainstay of the company’s HXM offerings. Continued momentum witnessed by Ariba and Fieldglass offerings is noteworthy.

Recently, SAP launched SAP Fioneer globally. SAP Fioneer is the company’s financial services joint venture established in association with Dediq GmbH. Fioneer is created to design solutions that cater to the evolving needs of banking and insurance industry participants, particularly in the areas of core insurance, core banking and financial services industry (FSI)-specific finance solutions.

The company’s latest offering from the SAP HANA family, S/4HANA is an extensive ERP solution, embedded with latest technologies like machine learning, AI and advanced analytics, which enables businesses to upgrade operations. The company considers Rise with SAP as an important catalyst for fueling the adoption of the company’s S/4HANA Cloud and Business Technology Platform.

In second-quarter 2021, the S/4HANA adoption increased 16% year over year to around 17,000 customers. The company introduces regular advances to SAP S/4HANA Cloud to attract new customers.

Zacks Rank & Stocks to Consider

Currently, SAP carries a Zacks Rank #3 (Hold).

Some other better-ranked stocks in the Computer Technology sector include Cadence Design Systems CDNS and PTC PTC. Both the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.

Long-term earnings growth rate for Cadence and PTC is pegged at 11.7% and 23.2%, respectively.

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Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – Mountain Boy Minerals Ltd (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") is pleased to announce the appointment of Fraser Ruth as Manager of Investor Relations and the engagement of Kirsti Mattson as a media relations consultant. Fraser and Kirsti are key components in Mountain Boy's strategy to raise its profile with current and potential investors and the media as the Company moves forward with the exploration programs in the Golden Triangle of British Columbia.

Lawrence Roulston, President and CEO, stated, "We are very pleased to welcome Fraser and Kirsti to our team. Fraser will give Mountain Boy a strong presence in the market and amongst investors. Kirsti's extensive experience and contacts will help raise the profile of the Company within the mining and financial communities. These moves are important as we continue our exploration programs on multiple properties in the Golden Triangle of British Columbia."

Prior to joining Mountain Boy, Fraser worked for a Toronto-based investor relations and corporate communications consulting firm. Fraser focused on helping junior mining and resource companies engage new, existing and prospective shareholders to increase awareness, gain access to capital and create shareholder value. He holds a Bachelor of Commerce in Accounting and Marketing. With a diversified background in investor relations and communications, Fraser will be focusing on raising the Company's visibility within the investment community.

Kirsti Mattson has over 30 years of experience in media and corporate communications with a focus on junior precious metal exploration and development companies.

Fraser has been granted 200,000 stock options and Kirsti has been granted 350,000 stock options, all exercisable at C$0.21 per share for a period of 5 years, subject to the policies of the TSX Venture Exchange and the Company's stock option plan.

All of us at Mountain Boy offer a huge thank you to Nancy Curry for the exceptional service she provided to the Company as Vice President, Investor Relations and wish her well in her new position.

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

1. The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.

2. On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Work this year is aimed at extending that zone with drilling due to begin in August.

3. Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.

4. On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).

5. Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc. A property wide Skytem survey has been completed.

6. The Telegraph project, acquired in May 2021, has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle. Exploration this season has been organized in two phases. Phase one is now complete and phase two is set to begin in September.

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Lawrence Roulston
President & CEO
(604) 618-4756

Fraser Ruth
Manager of Investor Relations
(416) 274-3195

Kirsti Mattson
Corporate Communications/Media Relations
(778) 434-2241

NEITHER 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 RELEASE.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96729

VANCOUVER, British Columbia, Sept. 16, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has partnered with SFU to outfit campuses and student residences with bacteria-fighting antimicrobial copper patches on high-touch surfaces to enhance safety for students and staff as they return this fall.

Health Canada-certified Copper Clean™ Antimicrobial Surface Patches, manufactured by the Canadian company Coptek, continuously kill 99% of bacteria left behind on surfaces. Funded by Teck through its Copper & Health program, the covers have been installed on high-touch surfaces such as frequently used door handles and push bars at SFU campuses.

Installations at Burnaby and Surrey campuses are complete, with more patches to be installed at SFU Vancouver and Burnaby student residence buildings in the coming weeks. More than 1,600 copper patches will be installed across SFU facilities this fall.

Copper is the only solid metal touch surface registered by Health Canada and the U.S. Environmental Protection Agency, proven to eliminate up to 99.9% of bacteria. A pilot on two TransLink buses on high-ridership routes and two SkyTrain cars launched in November 2020 also showed that copper is effective at killing up to 99.9% of bacteria on high-touch transit surfaces.

In addition to the two SFU campuses, Teck has installed antimicrobial copper covers at BCIT’s Burnaby campus and the University of British Columbia’s Faculty of Applied Science buildings. Teck has also supported the installation of antimicrobial copper surfaces in B.C. hospitals including Vancouver General Hospital, Lions Gate Hospital and Kootenay Boundary Regional Hospital. Copper surfaces will also be installed at the Teck Emergency Department at the new St. Paul's Hospital in Vancouver.

Quotes:
Don Lindsay, President and CEO, Teck
"We are proud to partner with SFU on this initiative as part of Teck’s work to expand the use of antimicrobial copper in high-traffic public spaces. Students, staff and our communities are now safer thanks to the leadership of SFU to install these copper surfaces throughout their facilities.”

Larry Waddell, Chief Facilities Officer at Simon Fraser University
“As we welcome our students, faculty, and staff to SFU this fall, creating a safe place for everyone to learn and work remains our top priority. In addition to the measures we have in place, we are very pleased that our partnership with Teck to install antimicrobial copper on high touch surfaces can provide another layer of protection for our community.”

Louis Goldberg, Founder, Coptek
"We are humbled to be part of the solution towards returning to everyday life again. We commend SFU's dedication to offer students, faculty, and community members a safer environment. Forward-thinking initiatives like this project can give people comfort that SFU is going above and beyond to keep everyone safe."

About Teck’s Copper & Health Program
Through its Copper & Health program, Teck is working with partners across Canada and beyond to increase the use of copper-infused surfaces in healthcare and public spaces to reduce the spread of infections. When installed on high touch surfaces, copper is a proven killer of bacteria, reducing the spread of infection and improving health outcomes. There is no commercial benefit to Teck from the increased use of antimicrobial copper as the amount of metal needed is very small; the goal of the program is to improve health and safety for communities.

For more information about the role of antimicrobial copper, the Copper & Health program, and other examples of copper in action, please visit www.coppersaveslives.com.

Media downloads
Images

About Teck
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

About SFU
As Canada’s engaged university, SFU works with communities, organizations and partners to create, share and embrace knowledge that improves life and generates real change. We deliver a world-class education with lifelong value that shapes change-makers, visionaries and problem-solvers. We connect research and innovation to entrepreneurship and industry to deliver sustainable, relevant solutions to today’s problems. With campuses in British Columbia’s three largest cities—Vancouver, Burnaby and Surrey—SFU has eight faculties that deliver 193 undergraduate degree programs and 144 graduate degree programs to more than 37,000 students. The university now boasts more than 170,000 alumni residing in 145+ countries.

Teck Media Contact
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

SFU Media Contact
Matt Kieltyka
Communications Associate
236.880.2187
matt_kieltyka@sfu.ca

Coptek Media Contact
Bradley Pines
Marketing Specialist
bradley@coptek.ca

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

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – InZinc Mining Ltd. (TSXV: IZN) (the "Company") is pleased to announce further results and plans for fall programs at the Indy Sedex project in central British Columbia where near surface, high-grade Sedex-type zinc mineralization was discovered by soil geochemistry and follow-up diamond drilling in 2018.

New Silver Targets Discovered – Combined 1.7 km in Length

Further to a news release on September 14^th (see NR2021-09), additional geochemical results¹ have outlined strong silver-in-soil responses in the area located between the new 1.9 km long Echo zinc target and the 1.5 km long Delta Horizon zinc target (outlined in 2019).

Main Trend – New Silver Targets Silver (Ag) in Soil

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6480/96689_figure1.jpg

Relative to Anomalies B and C, the soils in the area between the Delta horizon and Echo zinc targets are strongly enriched with silver. Two extensive, sub-parallel zones returning from 2.0 ppm to 24.8 ppm (or 24.8 g/t) silver are now outlined. Named Fox (1.0 km length) and Hat (700 m length) the zones are roughly parallel with the nearby large zinc targets and stratigraphy. Of particular interest is a 400 – 500 m trend of multi-station soil samples returning greater than 10 ppm (or 10 g/t) silver in the upper Fox target. Preliminary mapping of sparse outcrops suggests these new silver zones are hosted in shales.

"This phase of exploration has been tremendously successful at Indy, and we look forward to the follow-up programs commencing shortly. Including these extensive new silver targets and the 1.9 km long Echo zinc target, also discovered in 2021, we now have 8.2 km of high-quality, base and precious metal targets at Indy – possibly the largest accumulation of untested targets in such an accessible part of Canada," commented Wayne Hubert, CEO of InZinc. "We see years ahead of exploration and drilling programs, self-funded through the significant cash payments to be received as a result of the West Desert option agreement and the planned IPO of American West Metals (see NR2021-05)."

Follow-up Programs

Field crews plan to return to Indy in early October to follow-up these results and commence initial preparations in the northern Main Trend area (Delta, Echo, Fox and Hat) for drilling. A pre-existing trail will be rehabilitated to provide road access to the Delta Horizon and possibly the Hat target. In addition, soil sampling will detail another potential silver target located between Anomaly B and Anomaly C. Further prospecting and sampling are also planned over the Fox and Hat silver targets to better understand the geology and distribution of silver at these new precious metal targets.

About InZinc

InZinc is focused on growth through exploration and advancement of its interest in multiple North American base metals projects. The road accessible Indy project (100% earn-in), located in central British Columbia, comprises discoveries of near surface mineralization and large untested exploration targets along a 25km long trend with potential for the discovery of a new regional scale zinc belt. The West Desert option (100% option to American West Metals) provides significant cash payments and continuing leverage through ownership in American West Metals as it funds the advancement of the West Desert project to prefeasibility (planned in Q3 2023) and the Storm Copper and Copper Warrior projects in North America. In addition, upon exercise of the West Desert option, InZinc will receive 50% of the revenue from the sale of indium mined from West Desert.

InZinc Mining Ltd.

Wayne Hubert

____________

Chief Executive Officer
Phone: 604.687.721
Website: www.inzincmining.com

For further information contact :
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com

¹Dave Heberlein, M.Sc., P.Geo. of Heberlein Geoconsultants has reviewed, validated and provided interpretive summaries for the results of the Phase 1 2021 geochemical program.

Qualified Person

Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in NI43-101, has approved the technical content of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management Discussion and Analysis for the year ended December 31, 2020 and for the three months ended March 31, 2021 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96689

Rio Tinto plc RIO and Caterpillar, Inc. CAT recently joined forces to develop zero-emissions autonomous haul trucks for use at one of Rio Tinto’s Western Australian mining operations. This marks a significant step in Rio Tinto’s mine automation and digitalization program, and the target of attaining net zero emissions by 2050. The move also highlights Caterpillar’s efforts in developing autonomous solutions for customers.

Both of the parties will work together to advance the development of Caterpillar’s future 220-ton 793 zero-emissions autonomous haul truck including the validation of Caterpillar’s emerging zero-emissions technology. Prototypes will be developed, tested, and undergo pre-production trials. It is anticipated that the world’s first operational deployment of approximately 35 new Caterpillar 793 zero-emissions autonomous haul trucks will be at Gudai-Darri, which is Rio Tinto’s most technically advanced iron ore mine in the Pilbara region, Western Australia. Rio Tinto intends to make Gudai-Darri one of the world’s most technologically advanced mines. Construction at Gudai-Darri continues to progress with production ramp-up on track for early 2022. Once completed, the mine will have an annual capacity of 43 million tons.

Earlier in June, Rio Tinto announced that it will deploy the world’s first fully autonomous water truck at its Gudai-Darri mine in partnership with Caterpillar. Water spraying is a vital part of mining operations and this new technology will enhance productivity by enabling digital tracking of water consumption, while cutting down water wastage. Rio Tinto has earmarked approximately $1 billion in investments over the next five years to get its operations down to net zero emissions by 2050.

Rio Tinto’s existing Autonomous Haulage System has improved safety by reducing the risks associated with operators working around heavy machinery. With the help of technology and automation, miners are bringing radical changes to mining operations to increase productivity, reduce cost and improve frontline safety. These efforts will help the industry meet its sustainability target by cutting down on carbon emissions, which is the need of the hour considering the severity of climate change.

Earlier this month, Brazilian miner Vale S.A VALE announced that it has started operating six autonomous haul trucks in Carajás — its largest iron ore complex in Brazil and plans to take it up to 10 vehicles by this year-end. This follows the success of the autonomous operation at Vale’s second largest mine, Brucutu, in Minas Gerais, Brazil, in 2016. Last month, BHP Group BHP announced a partnership with Caterpillar to develop and deploy zero-emissions mining trucks at BHP sites to reduce operational greenhouse gas emissions.

Last year, Newmont Mining Corporation NEM announced investment in implementation of the Autonomous Haulage System at Boddington mine in Australia to enhance safety and productivity, while extending mine life. Once operational, Boddington will be the first open pit gold mine in the world with a fully autonomous haul truck fleet.

Given its benefits to the miners, the driverless fleet is becoming increasingly popular among miners. The number of autonomous trucks is expected to surge over the next few years, thanks to major investments by miners globally. Capitalizing on this demand, Caterpillar is enhancing its autonomous capabilities and bringing innovative products into markets that provide it with a competitive edge in mining. The intensifying global focus on shifting from fossil fuels to zero emissions will require a huge amount of commodities. This is a win-win situation for both miners and mining equipment makers.

Caterpillar and Newmont currently carry a Zacks Rank #3 (Hold). BHP, Vale and Rio Tinto carry a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Val-d'Or, Québec–(Newsfile Corp. – September 15, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTCQX: ATBYF) "Abitibi Royalties" or the "Company") announces that the Company's monthly dividend payment of CDN$0.015 per common share for October 2021 will be paid as follows:

The October 2021 payment will represent the 21st dividend payment made to shareholders since the Company's adoption of a dividend policy in September 2019. The full amount of the dividend will be designated as an "eligible dividend" as defined in the Income Tax Act (Canada).

About Abitibi Royalties

Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or Québec. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares.

For additional information, please contact:
Shanda Kilborn – Director, Corporate Development
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

Forward-Looking Statements:

This news release contains certain statements that may be deemed "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96545

(Bloomberg) — Conglomerate Grupo Mexico SAB and Canada’s Hudbay Minerals Inc. are among final bidders competing to acquire a Spanish copper miner from Trafigura Group, people with knowledge of the matter said.

The parties made binding offers last week for Minas de Aguas Tenidas, which is known as Matsa and could fetch about $2 billion, according to the people, who asked not to be identified because the information is private. Grupo Mexico, which could make the purchase through its listed mining unit Southern Copper Corp., is seen as a strong contender for the business, the people said.

Hudbay is working with Ontario Teachers’ Pension Plan, which would provide funding to the Canadian miner for the potential acquisition, the people said.

Shares of Hudbay, which jumped as much as 7.7% in U.S. trading Wednesday, closed up 2%. Southern Copper shares gained 2.6%, bettering the 0.4% rise in the MSCI World Metals & Mining Index.

Trafigura, one of the world’s biggest commodity traders, and Abu Dhabi wealth fund Mubadala Investment Co. have been looking to sell Matsa since the start of the year, Bloomberg News has reported. Deliberations are ongoing, and a winning bidder hasn’t been chosen yet, the people said.

The sale process comes after copper prices hit a record high earlier this year. The world’s biggest miners are universally bullish on the metal, expecting a surge in demand as the global economy decarbonizes, while long-term supply looks constrained by the lack of new mine development.

Matsa also attracted interest from Rio Tinto Group, the world’s second-biggest miner, though the company is seen as a less likely buyer, the people said.

Representatives for Grupo Mexico, OTPP, Rio and Trafigura declined to comment. A spokesperson for Hudbay said the company has a disciplined growth strategy with stringent strategic criteria, declining to comment further. Representatives for Southern Copper and Mubadala didn’t immediately respond to requests for comment.

Matsa owns the Agua Tenidas, Sotiel and Magdalena mines in southern Spain, which produce copper, zinc and lead concentrates. Trafigura sold a 50% stake in Matsa to Mubadala in 2015 as part of plans to team up on base-metals investments. Mubadala paid about $500 million for the stake, a person familiar with the matter said at the time.

(Updates with closing share prices in fourth paragraph)

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores?

Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on — that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value Score

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth Score

While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum Score

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM Score

What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

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The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Southern Copper (SCCO)

Phoenix, AZ-based Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The company conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru.

SCCO is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. SCCO has a Growth Style Score of A, forecasting year-over-year earnings growth of 122.2% for the current fiscal year.

For fiscal 2021, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.18 to $4.51 per share. SCCO boasts an average earnings surprise of 10.2%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, SCCO should be on investors' short list.

 

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The big shareholder groups in APN Convenience Retail REIT (ASX:AQR) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that have been privatized tend to have low insider ownership.

APN Convenience Retail REIT is not a large company by global standards. It has a market capitalization of AU$487m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions own shares in the company. We can zoom in on the different ownership groups, to learn more about APN Convenience Retail REIT.

Check out our latest analysis for APN Convenience Retail REIT

What Does The Institutional Ownership Tell Us About APN Convenience Retail REIT?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

We can see that APN Convenience Retail REIT does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at APN Convenience Retail REIT's earnings history below. Of course, the future is what really matters.

Hedge funds don't have many shares in APN Convenience Retail REIT. Our data shows that APN Funds Management Ltd. is the largest shareholder with 8.1% of shares outstanding. The second and third largest shareholders are Perpetual Corporate Trust and APN Property Group Limited, with an equal amount of shares to their name at 7.4%.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of APN Convenience Retail REIT

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our most recent data indicates that insiders own some shares in APN Convenience Retail REIT. In their own names, insiders own AU$22m worth of stock in the AU$487m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.

General Public Ownership

The general public collectively holds 53% of APN Convenience Retail REIT shares. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.

Private Company Ownership

Our data indicates that Private Companies hold 8.8%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand APN Convenience Retail REIT better, we need to consider many other factors. For example, we've discovered 4 warning signs for APN Convenience Retail REIT (1 is significant!) that you should be aware of before investing here.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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.

VANCOUVER, British Columbia, Sept. 15, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”, “Company”) is pleased to announce that it has commenced an exploration program at the Canyon Creek Copper Project in northwestern British Columbia (“B.C.”), Canada.

Exploration will focus on confirming and expanding previously discovered copper (“Cu”) and molybdenum (”Mo”) mineralization in bedrock as well as geochemical and geophysical anomalies all of which are typical of porphyry style mineralization.

The Canyon Creek property comprises 24 square kilometres and covers extensive copper-molybdenum-silver anomalies delineated by both regional stream sediments and soil sampling. The anomalous levels of Mo and Cu in soils extend over 5 km by 2 km east of the stream sediment anomalies. Mo ranges from 10 to 270 parts per million (“ppm”) and Cu ranges from 40 to 780 ppm. Please see: https://www.candentecopper.com/projects/canyon-creek-bc-canada/ for maps.

Chalcopyrite (copper sulphide) and molybdenite (molybdenum sulphide) with grades of up to 1.56% Cu; up to 0.1% Mo and up to 17.6 grams per tonne (“g/t”) silver (“Ag”) have been found within quartz veining and stockwork zones in altered intrusive rocks including quartz monzonite. This mineralization occurs in two areas covering 800 metres (“m”) by 300m and 400m by 400m, respectively and much of the area between is hidden by glacial till or other cover.

Current exploration will include stream sediment sampling, soil sampling, prospecting and geological mapping to expand the known anomalies and mineralization.

The Canyon Creek property is located in the northwestern end of the Quesnelia Zone (Terrane) approximately 160 kilometres (“km”) from the Red Chris Mine, 15 km from a main highway and 60 km from the town of Dease Lake.

Large granodiorite to quartz monzonite plutons are affiliated with the Quesnel Terrane of B.C. Overall, quartz-monzonite plutons form the largest world class deposits of Cu-Mo-Au and Cu-Mo. Examples are Edernet with 1.78 billion tonnes of 0.62% Cu and 0.025% Mo, Chuquicamata, 6.45 billion tonnes of 0.55% Cu and Bingham Canyon, 3.24 billion tonnes of 0.88% Cu, 0.02% Mo and 0.5 g/t Au. *There are no assurances that the Company will have similar results at the Canyon Creek Copper Project.

B.C. hosts 13 districts of copper-rich deposits in the production and development stage within two major zones (Quesnel and Coastal/Stikine volcanic-plutonic arc – terranes). The most prominent deposits are the Red Chris, Galore Creek, Schaft Creek, Kemess North, Mount Milligan in the north of the province; and Highland Valley and Copper Mountain in the south. Many of these deposits produce both copper and gold. *There are no assurances that the Company will have similar results at the Canyon Creek Copper Project.

For further details about the Canyon Creek Project, including the terms of the option agreement, please refer to news release dated May 26, 2021.

About Candente Copper

Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

Please see https://www.candentecopper.com/investors/presentations for details from previous resource and engineering studies which delineated 9B lbs copper, 2M oz gold and 54M oz silver in: Measured and Indicated Resources of 752.4 million tonnes grading 0.45% copper, 0.07 grams per tonne (“g/t”) gold and 1.9 g/t silver (0.52% Cu equivalent) containing 7.533 B lb Cu, 1.67 M oz Au and 45.24 M oz Ag and Inferred Resources of 157.7 million tonnes grading 0.44% copper, 0.06 g/t gold and 1.8 g/t silver containing 1.434 B lb Cu, 0.3M oz Au and 8.932 M oz Ag.

Details from the Cañariaco Norte Copper Project Pre-Feasibility Study Progress Report available at https://www.candentecopper.com/site/assets/files/5389/canariaco-pfs.pdf estimate NPVs and IRRs of $1.06B and 17.5% at $2.50 Cu and $1.56B and 21.5% at $2.90 Cu. The Incentive Price for Cañariaco Norte is in the lowest quartile of top 84 copper projects worldwide named by Goldman Sachs. Cash Costs are also in lowest quartile of the copper industry.

Joanne C. Freeze, P.Geo., CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She has reviewed and approved the contents of this release.

This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente Copper relies upon litigation protection for forward-looking statements.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:

info@candentecopper.com
www.candentecopper.com

NR-138