MELBOURNE (Reuters) – An executive with mining company Rio Tinto has played down damage to Indigenous Australian heritage, an Aboriginal group said on Thursday, in a submission to an inquiry into widespread destruction of sites of cultural significance.

A spokesman for Rio Tinto said the company declined to comment.

News emerged this year that Rio forerunner Hamersley Iron failed to protect artefacts belonging to the Wintawari Guruma Aboriginal Corporation (WGAC) that had been salvaged from its Marandoo iron ore project including 18,000-year-old evidence showing how people lived during the last Ice Age.

Those and other artefacts were thrown in a Darwin rubbish heap.

The group's complaint centres on a statement by Rio's head of Indigenous Affairs, Brad Welsh, who last month told the Juukan Gorge Inquiry: "We have not identified any evidence that Rio Tinto directed any disposal of artefacts," according to the submission.

The group said such comments showed Rio's "continued lack of regard and respect for Eastern Guruma cultural heritage".

"The comments clearly sought to downplay importance of the cultural material disposed and lessen Rio’s involvement and responsibility for what occurred," the group said in its submission.

Rio Tinto operates six of its 16 mines and three rail lines on the group's traditional lands.

Last year, Rio Tinto triggered a public outcry with the destruction of rock shelters in Western Australia that showed human habitation dating back 46,000 years, during iron ore mining operations.

Welsh told the inquiry that the world's biggest iron ore miner had not been able to put together a "complete picture" of the potential cultural or archaeological value of what was discarded, given the passage of time, and without knowing if its records were complete.

"However, we do recognise that decisions made on the management of these materials may not have adequately considered archaeological and cultural values in the analysis completed," he said, adding that current standards of analysis would be more comprehensive.

(Reporting by Melanie Burton; Editing by Robert Birsel)

Figure 1

Figure 1 – SPJ Property Overview

TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) announces that Mia Boiridy has left the organization, effective immediately.

Stuart Adair, CPA, CA, MA, BA, a member of the Board of Directors of MacDonald Mines and Chair of its Audit Committee, has been designated as the Company’s interim Chief Executive Officer effective September 8, 2021. Mr. Adair has extensive financial and operating experience as a “C” suite executive and will provide support, direction, and guidance to MacDonald Mines’ Management during this transition.

MacDonald Mines priorities are to continue with our business plan, deliver on our exploration models, and maintain a stable and effective organization. The Board of Directors has commenced a search for a new CEO. We thank Mia for her contributions and wish her success in her future endeavours.

MacDonald Mines also reports on results from its Summer 2021 mechanized stripping, channel sampling and regional prospecting program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario (Figure 1).

In the Glade area, channel sampling extended gold mineralization in the Alkin-Glade trend over 225 metres along strike. Exploration work in the Glade area also led to the discovery of a broad zone of anomalous gold in the Espanola limestone 150 m below the mineralized Alkin-Glade corridor in hole AG-21-097. Channel sampling at the Jerome showing indicates that the Nipissing intrusion contains palladium-rich mineralization.

https://www.globenewswire.com/NewsRoom/AttachmentNg/1d270f26-066d-4d43-8bce-83e5905c0387

Figure 1 – SPJ Property

2021 exploration highlights include:

Alkin-Glade

• New channel sample results confirming gold mineralization at the Glade West showing

  • 5.12 g/t gold over 3.40 metres including 17.10 g/t gold over 0.80 metre

• Discovery of quartz veins with visible gold 100 metres west of the Glade East showing and 125 metres east of the Glade West showing on trench AGT-21-011

  • Suggests that gold mineralization in the Alkin-Glade extends between the Glade East and Glade West showings over 225 metres

• Identification of a broad zone of anomalous gold in the Espanola limestone at the southern margin of the Nipissing diabase (Glade diabase) hosting the Glade system 150 m below the Alkin-Glade trend

  • Analysis of the Espanola limestone below the southern contact of the Nipissing sill in hole AG-21-097 indicated 0.14 g/t gold over 31.50 metres

Rathbun block of the SPJ project

• Confirmation that palladium-rich mineralization exists in the Nipissing sill at the Jerome showing in the Rathbun block of the SPJ property

  • Channel sample contains 2.97 g/t Pd, 0.42 g/t Pt and 0.24 g/t Au over 4 m (Cu and Ni assays are pending)

Fall 2021 exploration plans

During the Fall of 2021, the Company plans to complete the channel sampling and mapping program in the Glade and Alkin areas of the Alkin-Glade trend in preparation for diamond drilling in the Alkin-Glade corridor. The first phase of the drilling program will consist of a series of drill holes to test the continuity of gold mineralization between the Glade East and Glade West showings, separated by 225 m.

In parallel, the Company plans to prospect, sample and map the McLeod showing where historic diamond drilling intersected significant gold mineralization. The Company also plans to prospect and map gold-copper mineralization at the historic Alwyn Mine and explore for additional palladium-rich mineralization in the Nipissing sill hosting the Jerome showing,

Table 1 – Results of channel sampling along the northern contact of the Glade diabase in the Alkin-Glade trend

*Assay results are presented over the apparent length of the channel samples. Additional work is necessary to define the true width of the zone of mineralization.

Table 2 – Results from diamond drilling and channel sampling along the southern contact of the Glade diabase and the Espanola Limestone

*Assay results are presented over core and channel sample length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.

Table 3 – Results from channel sampling at the Jerome showing

*Assay results are presented over core length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.

Table 4. Coordinates of the reported channel samples and drill hole

Alkin-Glade

The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization – the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins was reported historically. Old exploration trenches, now overgrown with vegetation are the only evidence of the 1930’s and 1940’s exploration work done at Glade with gold mineralization still exposed at the Glade East and Glade West showings.

The historical Alkin gold mine is located 2.2 km W-NW of the Glade showings. At the Alkin mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that a qualified person has not done sufficient work to validate the accuracy of the historical results. The Company is not treating the historical estimates as current mineral resources.

Diamond drilling under the Glade West Showing in holes AG-21-096 and AG-21-097 revealed a large alteration and mineralization system where shear-hosted quartz veins are surrounded by networks of gold mineralized, multidirectional and variably spaced quartz tension veins concentrated in the Nipissing intrusion at its northern contact with the Bruce conglomerate. Diamond drilling also identified that mineralization extends in the Espanola limestone along the southern contact of the Nipissing diabase hosting the networks of gold-bearing shear zones and quartz veins. Visible gold was observed in many of the quartz veins in both holes AG-21-096 and AG-21-097, and in the channel samples taken at Glade East. Surface work at the Glade East showing confirmed comparable mineralization 225 m east of the Glade West discovery. Visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West is similar to the iron-chlorite and gold at the Scadding Deposit. The observed relationship in mineralization could represent a considerable extension of the mineralized system of over 800m.

Jerome Showing
The Jerome showing is located on the Rathbun block of the SPJ property. PGE mineralization is hosted in an intrusion pertaining to the Nipissing sills according to the Ontario Geological Survey maps of the area. PGE mineralization is associated with disseminations of pyrrhotite, chalcopyrite and magnetite in the Nipissing sills. The base metal results for the channel samples taken by MacDonald Mines remain pending.

Qualified Person
Jean-François Montreuil, P.Geo., Chief Geologist of MacDonald Mines, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for preparing, supervising, and approving this news release’s scientific and technical content.

On-site Quality Assurance/Quality Control (“QA/QC”) Measures

Drill core samples were transported in security sealed bags for analysis to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The samples transported to Actlabs were dropped in rice bags with security seals by Manitoulin Transport. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

MacDonald Mines has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates. All samples over 10 g/t gold or the samples with abundant visible gold are analyzed using a 1-kilogram metallic screen. Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

COVID-19 Precautions
MacDonald Mines has developed and implemented precautions and procedures that are compliant with Ontario’s health guidelines. Strict protocols are in place to ensure the safety of all staff, thereby reducing the potential for community contact and spreading of the virus.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol “BMK”.

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,340 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Stuart Adair, CEO, sadair@macdonaldmines.com
Fiona Fitzmaurice, CFO, ffitzmaurice@macdonaldmines.com

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

We feel now is a pretty good time to analyse Sherritt International Corporation's (TSE:S) business as it appears the company may be on the cusp of a considerable accomplishment. Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Canada and Cuba. The CA$179m market-cap company’s loss lessened since it announced a CA$86m loss in the full financial year, compared to the latest trailing-twelve-month loss of CA$50m, as it approaches breakeven. The most pressing concern for investors is Sherritt International's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts’ expectations for the company.

See our latest analysis for Sherritt International

Consensus from 2 of the Canadian Metals and Mining analysts is that Sherritt International is on the verge of breakeven. They expect the company to post a final loss in 2021, before turning a profit of CA$13m in 2022. Therefore, the company is expected to breakeven just over a year from now. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 63%, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.

We're not going to go through company-specific developments for Sherritt International given that this is a high-level summary, however, keep in mind that generally metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. This means that a high growth rate is not unusual, especially if the company is currently in an investment period.

Before we wrap up, there’s one issue worth mentioning. Sherritt International currently has a relatively high level of debt. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, which in Sherritt International's case is 77%. A higher level of debt requires more stringent capital management which increases the risk around investing in the loss-making company.

Next Steps:

There are key fundamentals of Sherritt International which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Sherritt International, take a look at Sherritt International's company page on Simply Wall St. We've also put together a list of key factors you should look at:

1. Valuation: What is Sherritt International worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Sherritt International is currently mispriced by the market.

2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Sherritt International’s board and the CEO’s background.

3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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–(Newsfile Corp. – September 9, 2021) – Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") is pleased to provide a surface exploration update for its Ranch Gold-Copper Project (the "Property"). Detailed bedrock and alteration mapping have identified significant kilometre-scale alteration zones, including Albert's Hump, Patti, Steves, BV South, and BBX (Figure 1). Surface samples collected from these zones are included in the comprehensive surface sampling program, with laboratory results expected in the coming weeks. The combination of geological, alteration, and structural mapping with surface geochemistry and numerous geophysical surveys from the 2021 field season, will further refine current drill targets and define additional targets for the future.

Ewan Webster, President and CEO, commented, "The scope and scale of these alteration systems are impressive and far larger than the currently known zones of mineralization. The zonation in the alteration assemblages is typical of high-sulphidation epithermal systems and the upper parts of porphyry systems. What is encouraging is the gold mineralization at the surface, suggesting a fertile system below remains to be discovered. Our top-tier geological team is now using all of our data sets to generate strong drill targets for the latter part of this season's drilling campaign to test the many compelling targets that have been generated so far."

Mapped Targets

Albert's Hump
Albert's Hump is a large northwest-trending 2 km by 1 km interpreted lithocap with mapped exposures of vuggy silica, quartz-alunite, argillic, and propylitic alteration (Figures 1 & 2). Historical rock sampling of lithocap material has yielded between 5 and 20 ppb Au; as lithocap material is generally barren of precious metals content, these results coupled with the large alteration footprint suggest significant potential for a mineralized high-sulphidation or porphyry system at depth.

The southern extension of Albert's Hump is stratigraphically and topographically lower. It features prevalent vuggy quartz with secondary barite and silica along a northwest-trending exposure of intensely hematized dacitic rock with multiphase quartz veining. Historical rock grab sampling in the area returned gold concentrations of up to 2.74 grams per tonne (g/t), with several other grab samples above 0.80 g/t Au. The alteration footprint at Alberts Hump is significantly larger than those of the historical high-grade alterations zones at Thesis III and Bonanza pits, respectively.

BBX
The BBX zone is approximately 600 metres to the east of Alberts Hump and may be part of the same system that a fault has offset. Alteration at BBX is dominantly quartz-alunite with lesser massive or vuggy silica. Bladed alunite is present within the vugs locally. Historical rock grab sampling has yielded gold concentrations of up to 1.4 g/t Au.

Patti and Steves
Patti and Steves display typical high-sulphidation epithermal alteration zonation, grading from a vuggy silica core into massive silica and argillic alteration and an extensive propylitic-altered envelope. Sparse outcrop between Patti and Steves is also silicified and pervasively altered, suggesting these areas may be a part of a single, much larger alteration system. Vuggy silica displays evidence of secondary bladed barite and alunite growth in vugs, an important indication of multiphase fluid flow necessary for precious metals precipitation. Historical rock grabs in the area include a peak value of 68.2 g/t Au.

Figure 1: 2021 bedrock lithology and alteration mapping at Ranch.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2191/95977_70edb44914129bb0_001full.jpg

Figure 2: 2021 alteration mapping at Albert's Hump and South Hump.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2191/95977_70edb44914129bb0_002full.jpg

Thesis has also completed a regional geochemical surface sampling program consisting of >8,000 soil samples >1,000 rock grab samples. The surface geochemistry sampling results will be incorporated into a rigorous targeting review with 2021 geophysical surveys and bedrock mapping programs to produce robust drill targets for current and future drilling campaigns.

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

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

About Thesis Gold Inc.

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

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

Cautionary Statement Regarding Forward-Looking Information

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

For further information:

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

Dave Burwell
Vice President, The Howard Group
Telephone; 403-410-7907
Email: dave@howardgroupinc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95977

If you want to know who really controls Metals X Limited (ASX:MLX), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of AU$263m, Metals X is a small cap stock, so it might not be well known by many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Metals X.

View our latest analysis for Metals X

What Does The Institutional Ownership Tell Us About Metals X?

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.

Metals X already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Metals X's earnings history below. Of course, the future is what really matters.

Our data indicates that hedge funds own 14% of Metals X. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. APAC Resources Limited is currently the largest shareholder, with 14% of shares outstanding. With 14% and 6.1% of the shares outstanding respectively, Old Peak Limited and Credit Suisse, Investment Banking and Securities Investments are the second and third largest shareholders.

We did some more digging and found that 6 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

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. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.

Insider Ownership Of Metals X

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own some shares in Metals X Limited. As individuals, the insiders collectively own AU$10m worth of the AU$263m company. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling.

General Public Ownership

The general public holds a 27% stake in Metals X. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

Our data indicates that Private Companies hold 11%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Public Company Ownership

We can see that public companies hold 14% of the Metals X shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Metals X better, we need to consider many other factors. For example, we've discovered 2 warning signs for Metals X (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

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.

TSX-V: GBR

VANCOUVER, BC, Sept. 9, 2021 /CNW/ – Great Bear Resources Ltd. (the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF) today provided an update on geological modelling and detailed assay results from one of twenty-three high-grade gold domains being modeled within the LP Fault zone at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, "We continue to model twenty-three high-grade domains along 4 kilometres of the LP Fault. These domains typically have predictable planar or "sheet like" geometries due to their development at large-scale geological contacts and discrete structural corridors marked by a penetrative foliation fabric. Today we provide detailed results from the Auro2 domain, which is present from bedrock surface near the centre of the LP Fault zone and remains open at depth. We provide every in-zone assay from all (100%) of the 58 drill holes that have intersected the domain to date. Results are shown in the figures and table in this release, and can also be downloaded from our website."

Key points of this release:

• The Auro2 domain begins at bedrock surface, follows a highly consistent, steeply-dipping geological contact between meta-sedimentary and felsic volcanic rocks, and is situated near the centre of the LP Fault zone. It has been drilled from bedrock surface to over 450 metres depth and remains open to extension.

• All composite intervals defining the Auro2 high-grade domain are provided in Table 1.

• A long section of the Auro2 domain is provided in Figure 1. All drill holes are shown on this section.

• A cross section through the Auro2 domain is provided in Figure 2. All individual assays comprising the composite intervals are shown visually.

• An updated three-dimensional plan map of all 23 high-grade domains is provided in Figure 3.

• All individual assay results comprising the composite intervals can be downloaded from the Company's website at https://greatbearresources.ca/projects/overview/dixie-project-data/.

• Note that additional gold intervals from adjacent high-grade and bulk tonnage gold domains that were also intersected by the drill holes reported in this release are not included in Table 1, Figure 1 or Figure 2 and represent additional gold mineralization to that reported here.

Three additional high-grade domains have been reported to date by Great Bear: BR7 on May 19, 2021, and BR1 and Auro20 on June 3, 2021. The Company will continue to release detailed high-grade domain results as LP Fault zone modelling progresses.

Table 1: All composite gold intervals defining the Auro2 high-grade domain to date. Drill results were originally published by Great Bear between September 3, 2019 and June 3, 2021. Additional gold-bearing intervals in these holes that intersect adjacent high-grade and bulk tonnage domains have been omitted for clarity.

About the Dixie Project

The 100% owned flagship Dixie project boasts one of the largest recent gold discoveries in a Canadian mining jurisdiction. Proximal to major infrastructure near the town of Red Lake, Ontario, the Dixie property comprises over 91.4 square kilometres of contiguous claims that extend over 22 kilometres with a paved highway and provincial power and natural gas lines. The property also hosts a network of well-maintained logging roads which facilitate access.

The 23 high-grade domains discussed in this release are structurally and geologically distinctive from the surrounding lower grade, bulk tonnage style gold mineralization. Together, they span a strike length of 4.2 kilometres and occur within larger stratigraphically controlled lower grade domains. They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and transition from upper greenschist to lower amphibolite facies metamorphism. Gold in the high-grade domains is generally observed as free gold, is often transposed into, and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.

To date, Great Bear has completed a total of 630 drill holes (283,000 metres), identifying three high-grade gold discoveries. The most significant discovery is the large-scale "LP Fault" zone, which comprises high-grade disseminated gold mineralization within broad moderate-to-lower-grade envelopes in felsic volcanic and sediment units. LP Fault drilling has identified gold mineralization along 11 kilometres of strike length to date, and a detailed drill grid is being completed along approximately 4 kilometres of strike length. The nearby "Hinge" and "Limb" gold zones are more characteristic of the renowned Red Lake mined deposits, comprising gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic units. Over 80% of the Company's drill holes into the LP Fault, Dixie Limb and Hinge zones contain visible gold mineralization. Gold occurs mainly as free gold, neither bound to nor within sulphide minerals.

Great Bear adheres to industry-leading quality assurance / quality control (QA/QC) practices in data collection, analysis and disclosure, and detailed assays including all historical LP Fault drill hole data are available on the Company's website at https://greatbearresources.ca/projects/overview/dixie-project-data/.

About Great Bear

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets. The Company is currently in the process of compiling all historical data together with incoming assay results, with the goal of publishing an initial NI 43-101 compliant multi-million ounce mineral resource estimate for the Dixie project in early 2022.

Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.

QA/QC and Core Sampling Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab. Selected samples are also chosen for duplicate assay from the coarse reject of the original sample. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

Qualified Person and NI 43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

ON BEHALF OF THE BOARD

"Chris Taylor"

Chris Taylor, President and CEO

www.greatbearresources.ca

Cautionary note regarding forward-looking statements

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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SOURCE Great Bear Resources Ltd.

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VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”, “Company”) is pleased to advise that Ausenco Engineering Inc. has been awarded the contract to conduct an updated Preliminary Economic Assessment Study (“PEA”) to evaluate a new development strategy for the Cañariaco Norte Project. The updated PEA study will commence immediately and is estimated to take approximately 12 weeks to complete.

Ausenco is committed to deliver an outcome that will leverage conceptual work completed in the recent desktop study to maximize shareholder value through a project concept that is financeable and executable in the current market environment. Ausenco has a deep understanding of the spectrum of activities that need to be executed through the PEA as well as the subsequent phases, to reduce risk and ensure a seamless and expedited advancement of the project.

The scope of work will include cost-effective mining, process plant and infrastructure design concepts, as well as managing the overall NI 43-101 PEA to drive value-adding initiatives across the entire project, meeting Candente Copper’s ESG vision.

“Ausenco is well positioned to deliver a PEA which can be significant to shareholder value with their team of innovative thinkers, extensive mineral processing expertise and other experienced subject matter experts. They have a culture that focuses on finding a better way to enhance project economics and drive down capital as demonstrated during the Cañariaco Norte desktop study and many other recent studies, on projects and studies of comparable size and complexity to Cañariaco,” stated Joanne Freeze.

Recent Ausenco work in Peru includes the following projects:

• Marcobre’s Mina Justa Project PFS, FS and EPCM;

• Nexa Resources Magistral PFS;

• Antamina DBN and CCS PFS; and

• Hudbay Peru Constancia Copper FS and EPCM.

*PFS, FS, EPCM, DBN, CCS are abbreviations for: Pre-feasibiity; Feasibility; Engineering, Construction and Procurement Management; Debottlenecking; Crushing, Conveying and Stockpiling.

About Candente Copper

Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company’s most advanced project is its 100% owned Cañariaco project, which includes the 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.

Joanne C. Freeze, P.Geo., CEO, Candente Copper is a Qualified Person as defined by National Instrument 43-101 for the projects discussed above and 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-137

NEW YORK, Sept. 9, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Abitibi Royalties, Inc. (TSX-V: RZZ) (OTCQX: ATBYF), a company which owns various royalties at the Canadian Malartic Mine near Val-d'Or Quebec, has qualified to trade on the OTCQX® Best Market. Abitibi Royalties, Inc. upgraded to OTCQX from the Pink® market.

Abitibi Royalties, Inc. begins trading today on OTCQX under the symbol "ATBYF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

B. Riley Securities, Inc. acted as the company's OTCQX sponsor.

About Abitibi Royalties, Inc.
Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or Quebec. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines and generating mineral projects for sale or option. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and by having the lowest outstanding common shares in the gold mining sector.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

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SOURCE OTC Markets Group Inc.

TORONTO, Sept. 9, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announced today that the Company's President and Chief Executive Officer, Ms. Marie Inkster has informed the Board of Directors that she will be stepping down as of December 31, 2021, for personal reasons. Mr. Peter Rockandel has been selected to assume the role of President and Chief Executive Officer and will join the Board of Directors as of January 1, 2022.

Ms. Inkster joined Lundin Mining in 2008 and served as Chief Financial Officer for 10 years prior to being appointed President and CEO, and Director in 2018. During her time with Lundin Mining, the Company has adeptly navigated through periods of challenging metal prices allowing it to grow profitably with the highly successful acquisitions of the Eagle Mine in Michigan in 2013, the Candelaria Mining Complex in Chile in 2014 and the Chapada Mine in Brazil in 2019. While pursuing growth, the Company has also maintained financial discipline and strength, allowing for the introduction of a dividend policy to provide peer-leading direct returns to shareholders.

Ms. Inkster will be stepping down from the Board of Directors as at December 31, 2021, though will act as an advisor to the Company until the end of 2022.

Mr. Lukas Lundin, Chair of Lundin Mining's Board of Directors stated, "On behalf of the Board, I would like to thank Marie for her dedication and contribution to Lundin Mining's evolution into the strong company it is today. The Company has a bright future due to the solid foundation that has been built during her time with Lundin Mining and she has put together a highly effective senior leadership team around her to continue building on the success."

Mr. Rockandel has nearly 30 years of experience in the global resources and mining sectors, including currently as the Company's Senior Vice President, Corporate Development and Investor Relations. Prior to joining Lundin Mining, Mr. Rockandel was Managing Director, Investment Banking at GMP Securities where he led their North American Mining practice, responsible for originating and executing capital markets strategy for mining clients.

"Peter is a well known and respected executive in mining capital markets with an exceptional track record," said Mr. Lundin. "In his current role, Peter has led strategic progress and delivered value for stakeholders, including the successful acquisition of Chapada. Peter's intimate knowledge of Lundin Mining surpasses his time with the Company, having supported, through previous positions, most of the Company's financing and acquisition efforts over the last decade and a half. The Board believes that Peter is an excellent fit, focused on the future of the Company in achieving its long-term strategic goals."

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on September 9, 2021 at 19:15 Eastern Time.

Cautionary Statement on Forward-Looking Information

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans, prospects and business strategies; the Company's guidance on the timing and amount of future production and its expectations regarding the results of operations; expected costs; permitting requirements and timelines; timing and possible outcome of pending litigation; the results of any Preliminary Economic Assessment, Feasibility Study, or Mineral Resource and Mineral Reserve estimations, life of mine estimates, and mine and mine closure plans; anticipated market prices of metals, currency exchange rates, and interest rates; the development and implementation of the Company's Responsible Mining Management System; the Company's ability to comply with contractual and permitting or other regulatory requirements; anticipated exploration and development activities at the Company's projects; and the Company's integration of acquisitions and any anticipated benefits thereof. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements.

Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor; assumed and future price of copper, nickel, zinc, gold and other metals; anticipated costs; ability to achieve goals; the prompt and effective integration of acquisitions; that the political environment in which the Company operates will continue to support the development and operation of mining projects; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: risks inherent in mining including but not limited to risks to the environment, industrial accidents, catastrophic equipment failures, unusual or unexpected geological formations or unstable ground conditions, and natural phenomena such as earthquakes, flooding or unusually severe weather; uninsurable risks; global financial conditions and inflation; changes in the Company's share price, and volatility in the equity markets in general; volatility and fluctuations in metal and commodity prices; the threat associated with outbreaks of viruses and infectious diseases, including the COVID-19 virus; changing taxation regimes; reliance on a single asset; delays or the inability to obtain, retain or comply with permits; risks related to negative publicity with respect to the Company or the mining industry in general; health and safety risks; exploration, development or mining results not being consistent with the Company's expectations; unavailable or inaccessible infrastructure and risks related to ageing infrastructure; actual ore mined and/or metal recoveries varying from Mineral Resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; risks associated with the estimation of Mineral Resources and Mineral Reserves and the geology, grade and continuity of mineral deposits including but not limited to models relating thereto; ore processing efficiency; community and stakeholder opposition; information technology and cybersecurity risks; potential for the allegation of fraud and corruption involving the Company, its customers, suppliers or employees, or the allegation of improper or discriminatory employment practices, or human rights violations; regulatory investigations, enforcement, sanctions and/or related or other litigation; uncertain political and economic environments, including in Brazil and Chile; risks associated with the structural stability of waste rock dumps or tailings storage facilities; estimates of future production and operations; estimates of operating, cash and all-in sustaining cost estimates; civil disruption in Chile; the potential for and effects of labor disputes or other unanticipated difficulties with or shortages of labor or interruptions in production; risks related to the environmental regulation and environmental impact of the Company's operations and products and management thereof; exchange rate fluctuations; reliance on third parties and consultants in foreign jurisdictions; climate change; risks relating to attracting and retaining of highly skilled employees; compliance with environmental, health and safety laws; counterparty and credit risks and customer concentration; litigation; risks inherent in and/or associated with operating in foreign countries and emerging markets; risks related to mine closure activities and closed and historical sites; changes in laws, regulations or policies including but not limited to those related to mining regimes, permitting and approvals, environmental and tailings management, labor, trade relations, and transportation; internal controls; challenges or defects in title; the estimation of asset carrying values; historical environmental liabilities and ongoing reclamation obligations; the price and availability of key operating supplies or services; competition; indebtedness; compliance with foreign laws; existence of significant shareholders; liquidity risks and limited financial resources; funding requirements and availability of financing; enforcing legal rights in foreign jurisdictions; dilution; risks relating to dividends; risks associated with acquisitions and related integration efforts, including the ability to achieve anticipated benefits, unanticipated difficulties or expenditures relating to integration and diversion of management time on integration; activist shareholders and proxy solicitation matters; and other risks and uncertainties, including but not limited to those described in the "Risk and Uncertainties" section of the Annual Information Form and the "Managing Risks" section of the Company's MD&A for the year ended December 31, 2020, which are available on SEDAR at www.sedar.com under the Company's profile. All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

SOURCE Lundin Mining Corporation

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The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of EROAD Limited (NZSE:ERD) stock is up an impressive 175% over the last five years. The last week saw the share price soften some 3.5%.

So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.

View our latest analysis for EROAD

We don't think that EROAD's modest trailing twelve month profit has the market's full attention at the moment. We think revenue is probably a better guide. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue.

For the last half decade, EROAD can boast revenue growth at a rate of 26% per year. That's well above most pre-profit companies. Meanwhile, its share price performance certainly reflects the strong growth, given the share price grew at 22% per year, compound, during the period. This suggests the market has well and truly recognized the progress the business has made. EROAD seems like a high growth stock – so growth investors might want to add it to their watchlist.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free report showing analyst forecasts should help you form a view on EROAD

A Different Perspective

It's good to see that EROAD has rewarded shareholders with a total shareholder return of 38% in the last twelve months. That gain is better than the annual TSR over five years, which is 22%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for EROAD you should be aware of.

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.

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

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.

Grange Resources Limited (ASX:GRR) is about to trade ex-dividend in the next 3 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase Grange Resources' shares before the 13th of September in order to receive the dividend, which the company will pay on the 30th of September.

The company's next dividend payment will be AU$0.02 per share. Last year, in total, the company distributed AU$0.04 to shareholders. Based on the last year's worth of payments, Grange Resources stock has a trailing yield of around 7.4% on the current share price of A$0.54. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

View our latest analysis for Grange Resources

Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Grange Resources has a low and conservative payout ratio of just 13% of its income after tax. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. The good news is it paid out just 9.4% of its free cash flow in the last year.

It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.

Click here to see how much of its profit Grange Resources paid out over the last 12 months.

Have Earnings And Dividends Been Growing?

Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's comforting to see Grange Resources's earnings have been skyrocketing, up 42% per annum for the past five years. With earnings per share growing rapidly and the company sensibly reinvesting almost all of its profits within the business, Grange Resources looks like a promising growth company.

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Grange Resources's dividend payments are effectively flat on where they were 10 years ago.

Final Takeaway

Is Grange Resources an attractive dividend stock, or better left on the shelf? Grange Resources has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. It's a promising combination that should mark this company worthy of closer attention.

While it's tempting to invest in Grange Resources for the dividends alone, you should always be mindful of the risks involved. In terms of investment risks, we've identified 2 warning signs with Grange Resources and understanding them should be part of your investment process.

We wouldn't recommend just buying the first dividend stock you see, though. Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend.

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.

(Bloomberg) — BHP Group is joining forces to explore for metals crucial to the energy transition with a startup backed by a group of tycoons including Jeff Bezos and Bill Gates.

The world’s biggest miner has entered an alliance with Silicon Valley-based KoBold Metals Co. to deploy its artificial intelligence technology to look for metals like cobalt, nickel and copper, which are used in electrical vehicle chargers and batteries. The two companies will jointly fund and operate exploration programs — initially in Western Australia — and will each have the right to share in any identified prospects.

KoBold has used data-crunching algorithms to build what’s been described as a Google Maps for the Earth’s crust. The technology can locate resources that may have eluded more traditionally-minded geologists, and helps miners to decide where to acquire land and drill, the company said.

See also: Algorithms Join Cobalt Hunt Backed by Gates, Bezos and Dalio

The tie-up offers an opportunity to access exploration databases built up by BHP over many years, Kurt House, KoBold’s chief executive officer, said in an interview. “In Western Australia, there’s extensive information. A lot of this data is dark data – it hasn’t been used more than once.”

Shareholders of KoBold Metals also include Silicon Valley venture capital firm Andreessen Horowitz, Norwegian oil major Equinor ASA and Breakthrough Energy Ventures, a fund backed by a dozen high-profile investors including Bezos, Gates and Ray Dalio, as well as Michael Bloomberg, founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.

“Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface,” Keenan Jennings, vice president at BHP Metals Exploration, said in a statement. “This alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden.”

KoBold now has about a dozen exploration properties around the world that have resulted from joint ventures and tie-ups like the one with BHP, House said. “BHP engaged us, and we had many detailed discussions about KoBold’s technology,” he said. “Our approach is very different, and as such, various partners are keen to have ringside seats to see it deployed.”

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MELBOURNE (Reuters) – BHP Group will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday.

The world's largest miner is building out its portfolio in what it calls "future facing commodities", expecting demand for electric vehicles and green energy to determine the minerals that will drive profits in coming years.

Privately held KoBold uses machine learning and artificial intelligence to hunt for raw materials. Its principal investors include Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft's Bill Gates, Bloomberg founder Michael Bloomberg and Amazon's Jeff Bezos.

Miners have been moving towards machine learning to find underground deposits in recent years, leading to some big discoveries, such as Rio Tinto's copper project Winu.

"Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface," said Keenan Jennings, vice-president of BHP Metals Exploration.

"We need new approaches to find the next generation of essential minerals, and this alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden," he said.

The alliance will cover an area in Western Australia of more than 500,000 sq km (193,000 sq miles), KoBold CEO Kurt House told Reuters.

"Exploration success rates have been declining over the last couple of decades … because the easy things have been found," House said.

The discovery zones over the next 20 years will be at depths of 200 m to 1,500 m, he said.

"That’s the area that is very poorly explored (and) is likely to host a tremendous number of ore bodies."

KoBold has a dozen tie-ups across about 20 locations including Sub-Saharan Africa, North America and Australia, looking for copper, cobalt, nickel and lithium, House said.

Australia has some of the world's best mapping data for prospective minerals, while its solid regulatory environment also make it an attractive destination, House said.

KoBold, however, said it is closely watching development of a bill to protect Aboriginal heritage in Western Australia. Indigenous groups have protested a draft of the bill because it denies them final say-so over protection of their sacred sites, which could become a governance issue for miners and investors.

KoBold is planning to set up an Australian office in the next 12 months and is looking for other exploration partners.

"Inside the area of interest we are exclusive for BHP, but outside we are open for business."

(Reporting by Melanie Burton; Editing by Tom Hogue)

(Bloomberg) — Argentina’s Mendoza province is in talks with some of the world’s top producers of potash to revive a mine that requires an investment of as much as $5 billion.

Mendoza — better known for its exports of Malbec wine than its vast mineral wealth — took over the Rio Colorado potash project several months ago after years of wrangling with Vale SA. The Brazilian company pulled the plug in 2013 after spending $2.2 billion to build almost half the mine.

Provincial officials have since spoken to several would-be partners to finally put Rio Colorado into production, signing non-disclosure agreements with five of the world’s biggest producers of the crop nutrient, said Emilio Guinazu, director general of province-owned PRC SA, which holds the asset.

Luring investment to Rio Colorado 15 years after Rio Tinto first sought to develop it would be big win — not only for Mendoza, which has struggled to spur new mines because of environmental opposition, but for the whole country, where onerous business rules including capital controls have scared off investors. Guinazu says now is the time because prices of potash are rallying along with other fertilizers as strong demand from farmers collides with a slew of supply disruptions.

“A window of opportunity has begun to open that we don’t want to waste,” he said in an interview Wednesday.

U.S. sanctions against Belarus potash producers are jeopardizing mine expansion there, while pandemic- and hurricane-related shipping disruptions are slowing fertilizer trade. A decision last month by BHP Group to proceed with the $5.7 billion Jansen project in Canada after years of hesitation underscores the market’s buoyant long-term prospects.

Rio Colorado has potential to produce 4.5 million metric tons a year, similar to Jansen, which would require roughly $5 billion. This version of the project needs 500 miles of train track to be built or upgraded to get the potash to an Atlantic port for export to markets like Brazil.

A more likely scenario, Guinazu said, is to attract $1 billion for annual output of 1 million tons, which could be transported by truck, though Mendoza would be prepared to scale down even further just to get the project off the ground. An investment of $200 million would produce enough fertilizer for Argentina and its small neighbor Uruguay, he said.

The province wants to find an investor that would take a majority stake and operate the mine within 18 months. It’s currently looking for an adviser to guide the search.

Because of risks in Argentina, where markets are often intervened, investors need a strong stomach. But they can also be drawn in by specially-designed benefits. For instance, federal and provincial governments are in talks for legislation for oil and gas drillers in the Vaca Muerta shale patch to be able to increase sales abroad and to free some of those export revenues from capital controls. A similar mechanism is under discussion for miners, Guinazu said.

“Without a doubt, some of the benefits in the oil and gas bill are being studied for mining too,” he said.

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VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports continued expansion of high grade mineralization at the newly discovered East Ridge zone at the Red Chris mine.

East Ridge drill hole RC705 returned 254 metres of 1.0g/t gold and 1.1% copper from a depth of 718 metres, including 80 metres of 1.6g/t gold and 1.4% copper. This hole is located 100 metres above RC678 (previously reported) and confirms continuity over 300 metres vertically. The East Ridge zone mineralization is open to the east and at depth.

Drilling at East Ridge, which is located adjacent to the East Zone, is ongoing with 14 holes completed and six in progress. The follow up drilling is being completed on a nominal 100 metre by 100 metre grid to determine the dimensions and continuity of this important new zone of higher grade mineralization.

A step out exploration hole RC701, which was drilled 700 metres east of East Ridge, returned 206 metres grading 0.2g/t gold and 0.49% copper from 1,816 metres. The intercept is one of the deepest on the property and has extended the mineralized porphyry corridor beyond the limit of the East Ridge drilling. Exploration drilling will continue to evaluate this corridor to the east toward RC701.

Brian Kynoch, President of Imperial Metals, said, “The East Ridge drilling continues to yield excellent results. This near mine exploration continues to result in long intervals of copper-gold mineralization along with shorter higher grade intervals. Drillhole RC701, drilled 700 metres to the east of the East Ridge, returned a long interval of copper gold mineralization at depth and has confirmed that the Red Chris copper-gold mineralization continues further east.”

Red Chris – Significant results:

At the GJ Project, an initial program of two holes for 2,500 metres to test the depth potential of the Donnelly Zone which is part of a 10 kilometre porphyry corridor (Groat Stock) has been rescheduled from this month to next summer.

Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2021 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.

Cross section and plan view maps and the Drillhole data table for all drill results since the last Red Chris Exploration Update are available on imperialmetals.com.

—

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia.

Company Contacts

Brian Kynoch | President | 604.669.8959
Jim Miller-Tait | Vice President Exploration | 604.488.2676

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to the current and planned drilling programs at Red Chris, including plans to define the extent and continuity of the mineralization in the East Ridge zone and statements regarding the potential copper-gold mineralization of the Red Chris mine site.

In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which 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.

In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking 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 and all forward-looking statements in this news release are qualified by these cautionary statements. Such information is given only as of the date of this news release. The Company does not assume any obligation to update its forward-looking information to reflect new information, subsequent events or otherwise, except as required by law.

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

MONTREAL, Sept. 08, 2021 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX-V: SOI) announces its intent to undertake a non-brokered private placement with investors relying on a prospectus exemption pursuant to Regulation 45-106 respecting Prospectus Exemptions (the «Placement»). The Placement consists of a maximum of 15,000,000 Units for an amount of $1,500,000. This private placement has been conditionally approved by the TSX Venture Exchange. Each Unit price is $0.10 and consists of one common share and one warrant. Each warrant will entitle its holder thereof to subscribe for one common share at $0.15 per share for a period of 18 months after the closing date of the private placement.

The proceeds of the Placement will be mainly used by Sirios to advance its Cheechoo gold project, as well as for general purposes.

Sirios can pay up to 6 % of the total amount as finder’s fee. Directors, officers and employees may participate in this placement.

There will be a hold period of four months and one day on all securities issued under this financing. This private placement is subject to regulatory approval and filings.

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 Offering, the closing of any additional tranches to the private placement, the final approval of the TSX Venture Exchange in connection with the Offering, the development of the Cheechoo project 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.

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay and members of Teck’s senior management team will be presenting on Tuesday, September 21, 2021 from 1:00 p.m. to 4:00 p.m. Eastern / 10:00 a.m. to 1:00 p.m. Pacific time at Teck’s virtual Investor and Analyst Day.

The live webcast will be available on Teck's website at www.teck.com.

Participants will be able to ask questions through the conference call facilities, and materials to accompany the event will be available online. The conference call dial-in is 416.340.2217 or toll free 800.806.5484, quote 7240967 if requested. Media are invited to attend on a listen-only basis.

The recording of the live webcast will be available from 3:00 p.m. Pacific time, September 21, 2021 on Teck’s website at www.teck.com.

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.

Investor Contact:
Ellen Lai
Coordinator, Investor Relations
604.699.4257
ellen.lai@teck.com

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

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CRANBROOK, BC / ACCESSWIRE / September 8, 2021 / Eagle Plains Resources (TSXV:EPL) is pleased to announce that option partner Rockridge Resources Ltd. (ROCK) (RRRLF) (RR0) ("Rockridge") has commenced its field program at the Knife Lake Copper Project located in Saskatchewan, Canada (the "Knife Lake Project" or "Property"). The Knife Lake Project, consisting of 81 claims totaling 55,471 hectares (137,069 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan host to the Knife Lake Deposit.

Rockridge holds the exclusive option from Eagle Plains to acquire a 100% interest in the Property that covers the Knife Lake Cu-Zn-Ag-Co VMS deposit (details following). The contiguous claims are located approximately 50 km northwest of Sandy Bay, Saskatchewan. A 357kV powerline runs within 16 km of the Knife Lake Deposit area.

See Knife Lake VMS Project Location Map here

Crews have commenced a helicopter-borne electromagnetic (EM) and horizontal magnetic gradiometer geophysical survey utilizing Geotech Ltd.'s VTEM Plus System. The 610 line kilometer survey has been designed to investigate over 30 kilometers of highly prospective VMS stratigraphy, never before surveyed using modern time-domain geophysics. Mineralized drill intersections at the Gilbert Lake target area have proven that VTEM plus is a valuable exploration tool for identifying VMS-style mineralization within prospective stratigraphy on the Property, increasing discovery potential in regional target areas. Combined with surficial geochemical data and geological mapping, results from the current program will help identify and prioritize additional drill targets.

See Knife Lake Project VTEM Coverage Map here

Knife Lake Geology and History

The Knife Lake Deposit is interpreted to be a remobilized VMS deposit. The stratabound mineralized zone is approximately 15m thick and contains copper, silver, zinc, gold and cobalt mineralization which dips 30° to 50° eastward over a known strike-length within Rockridge's claim area of 3,700 metres, and a known average down-dip extension of approximately 300 metres.

See Knife Lake Deposit Map here

The deposit is hosted by felsic to intermediate volcanic and volcaniclastic rocks which have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy which has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and occurs on both limbs of an interpreted overturned fold.

Rockridge has completed twenty-four holes consisting of 3096 metres of diamond drilling in the 2019 and 2021 winter drilling programs. This represented the first drilling on the property since 2001. Both programs have given Rockridge's technical team valuable insights into the property geology, alteration, and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

Highlights from the drill programs include previously reported hole KF19003 which intersected net-textured to semi-massive sulphide mineralization from 11.2m to 48.8m downhole. This 37.6 metre interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn, and 0.01% Co for an estimated 2.42% CuEq. Additionally, previously reported drill hole KF19001 intersected net-textured to fracture-controlled sulphide mineralization from 7.5 metres to 40.6 metres downhole. This 33.1 metre interval returned 1.28% Cu, 0.12 g/t Au, 4.80 g/t Ag, 0.13% Zn, and 0.01% Co for an estimated 1.49% CuEq.

In August 2019, Rockridge announced a maiden NI 43-101 resource estimate for the Knife Lake deposit which consisted of a pit-constrained indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource of 7.9 million tonnes at 0.67% CuEq using a 0.4% CuEq cut-off. For more information please refer to the News Release dated August 14^th, 2019 or the NI 43-101 Technical Report on the Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.

Knife Lake Option Agreement Details

To earn a 100% interest in the Knife Lake Project, Rockridge has agreed to make a cash payment to Eagle Plains of $150,000 (complete), issue up to 5,550,000 common shares of Rockridge (2,750,000 shares issued to date) and complete $3,250,000 in exploration expenditures ($1,195,000 to date) over four years. Eagle Plains will retain a 2% net smelter royalty ("NSR") on certain claims which comprise the project area. Under the terms of the agreement Rockridge is designated as the Operator of the project.

Qualified Person

Kerry Bates, P. Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and a Geologist employed by TerraLogic Exploration Inc., has reviewed and approved the scientific and technical disclosure in this news release relating to the Knife Lake Project.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, most of which was funded by third-party partners. This exploration work resulted in approximately 37,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

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. This news release may contain forward-looking statements including but not limited to comments regarding the 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.

SOURCE: Eagle Plains Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/663045/Eagle-Plains-Partner-Rockridge-Resources-Commences-Exploration-Program-at-the-Knife-Lake-Copper-Project-Saskatchewan

TORONTO, ON / ACCESSWIRE / September 8, 2021 / Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to provide an update of Bold's Koper Lake Project that is located contiguous to the mining claim hosting the Noront Resources Ltd. ("Noront") Eagles Nest Nickel-Copper-PGE deposit. The Koper Lake Project hosts the Black Horse Chromite Resource that is contiguous to the east end of Noront's Blackbird Chromite deposit. The Black Horse Chromite Resource has a published inferred resource containing 85.9 million tonnes grading 34.5% Cr₂O₃ (Aubut 2015, see *Note below).

Recently, two competing offers have emerged for control of Noront Resources Ltd.

"Being located as close to the Eagles Nest and Blackbird deposits as we are, it is encouraging that the value of this emerging multi-metals, district scale, camp is coming back into focus. Having been involved from the outset, our team is quite aware of the potential of the Ring of Fire and that it has been extremely undervalued over the past decade," commented Bold CEO David Graham. "With our understanding of the chromite, battery and precious metals known to exist there, we feel the value of our Koper Lake Project and the Ring of Fire camp will only grow in time. The upside is substantial."

The Bold-Fancamp Option Agreement

Bold optioned the Koper Lake claims from Fancamp Exploration Ltd. in 2012 and has the right to earn up to a 100% interest in the claims, subject to certain royalties (see Bold news release dated January 7, 2013).

In turn, the Company optioned a portion of its right to earn up to a 100% interest in the Koper Lake claims to KWG Resources Ltd. ("KWG"). At that time, the property interests were divided into two commodity streams for the purposes of the KWG option. The two streams consist of chromite and "all other metals".

The Bold-KWG Option Agreement

By fulfilling the optional terms of the Bold-Fancamp Option Agreement, KWG has the right to earn up to 80% of Bold's interests in chromite found within the claims, while Bold retains up to a 20% carried interest. Concurrently, KWG has the right to earn up to a 20% working interest in "all other metals" and Bold will earn up to an 80% working interest in "all other metals" (see Bold news release dated March 6, 2018).

At this time, KWG has fulfilled the terms required for Bold's first 50% earn-in interest and as a result KWG has earned a 40% working interest in chromite and Bold retains a 10% carried interest in chromite. Bold holds a 40% working interest in "all other metals" and KWG holds a 10% working interest in "all other metals". KWG is the Operator of the chromite exploration work. Fancamp Exploration Ltd. owns the remaining 50% interest in the claims.

A Dundee Resources Ltd. subsidiary is Bold's co-venturer in its Ring of Fire regional exploration project and holds a one-third interest in Bold's interests within an area of interest that includes the Ring of Fire and is part of an option agreement signed in 2011 (see Bold news release dated April 12, 2011).

*Note: The Black Horse Chromite inferred resource is quoted as 85.9 million tonnes grading 34.5% Cr₂O₃ as described in the report titled: National Instrument 43-101 Technical Report, Koper Lake Project Chromite Deposit, McFauld's Lake Area, Ontario, Canada, Porcupine Mining Division
NTS 43D16, Updated Mineral Resource Estimation Technical Report
UTM: Zone 16, 548460m E, 5842511m N, NAD83

Prepared For KWG Resources Inc. and Fancamp Exploration Ltd.

By Alan Aubut P.Geo., December 15, 2015

The technical information found within this news release has been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI 43-101.

A full description of Bold's Ring of Fire interests is found on the Company's Ring of Fire Project page at www.boldventuresinc.com.

About Bold Ventures Inc.

The Company explores for Gold and Base Metals in Canada. Bold is exploring properties located within active gold camps of Northern Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

As a result of the current COVID-19 virus concerns, the Company's management and contractors are following public guidelines and taking recommended steps to protect the health and safety of all personnel while carrying out operations. As a result of the COVID-19 pandemic giving rise to local and national anti-virus measures, the scheduling of activities is subject to change. COVID-19 impacts may affect timing and availability of goods and services for the foreseeable future.

For additional information about Bold Ventures and our projects please visit www.boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

"David B Graham"
David Graham
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.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Bold Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/663064/Bold-Ventures-Updates-Koper-Lake-Project–Ring-of-Fire

TORONTO, Sept. 8, 2021 /CNW/ – Trading resumes in:

Company: Aquila Resources Inc.

TSX Symbol: AQA

All Issues: Yes

Resumption (ET): 8:00 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/September2021/08/c9243.html

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — BCIT and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced the installation of more than one thousand antimicrobial copper patches on high-touch surfaces at the British Columbia Institute of Technology (BCIT) in Burnaby, BC, the first installation of its kind at a post-secondary institution in Canada. Funded by Teck through its Copper & Health program, the installation creates a safer environment for students, faculty, and staff due to copper’s naturally antimicrobial properties.

Health Canada-certified Copper Clean™ Antimicrobial Surface Patches have been installed in public areas on surfaces including door handles and railings across five buildings at BCIT. Manufactured by the Canadian company Coptek Copper Covers, the patches are self-sanitizing adhesive copper covers that continuously kill 99% of bacteria left behind on surfaces.

This initiative follows a five-week trial that Teck funded in 2020 in which the antimicrobial properties of copper products were tested on two TransLink buses on high-ridership routes and two SkyTrain cars. Results from that industry-leading trial showed that copper is effective at killing up to 99.9% of bacteria on high-touch transit surfaces.

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 left behind on surfaces.

Quotes:

Don Lindsay, President and CEO, Teck –
"We are proud to partner with BCIT and commend the institute’s leadership on this initiative which creates a safer environment for students and staff. As part of our Copper & Health program, Teck has been working to expand the use of antimicrobial copper in high-traffic public spaces. This partnership is another important step forward and we will continue working to make our communities safer.”

Kathy Kinloch, President, BCIT –
“As we start a new Fall term, we are committed to continuing to provide a safe place to work and learn for all staff, faculty, and students. With the installation of this innovative antimicrobial copper on high touch surfaces across our Burnaby campus, the Copper & Health program builds on a productive and exciting partnership between Teck and BCIT spanning over 35 years.”

Louis Goldberg, Founder, Coptek Copper Covers –
“We commend Teck's efforts to both spread awareness and further our mission of making the world a safer place by expanding the use of antimicrobial copper. Through this innovative partnership, BCIT is putting health and safety at the forefront and helping to make our communities safer.”

Media downloads
Images
Video

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.

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 BCIT
For more than 55 years, the British Columbia Institute of Technology (BCIT) has been delivering flexible, relevant, and future-proof education that prepares learners to provide applied solutions to industry challenges – across BC and around the world. With five campuses and nearly 50,000 students enrolled each year, BCIT is one of BC’s largest post-secondary institutes. Through its unique applied education model, BCIT is empowering people, shaping BC, and inspiring global progress. Learn more at www.bcit.ca

More information: About Coptek’s antimicrobial patches

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

BCIT Media Contact
Jocelyne Leszczynski
Communications Manager
jleszczynski2@bcit.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

TORONTO, Sept. 7, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Aquila Resources Inc.

TSX Symbol: AQA

All Issues: Yes

Reason: Pending News

Halt Time (ET): 4:17 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/September2021/07/c7751.html

TORONTO, September 07, 2021–(BUSINESS WIRE)–Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to announce that it has entered into a binding letter agreement (the "Letter Agreement") with Gold Resource Corporation ("GORO") (NYSE American: GORO) setting out certain key terms of a proposed acquisition by GORO of all the issued and outstanding common shares of Aquila by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction").

Pursuant to the Transaction, which is subject to the entering into of a definitive arrangement agreement (the "Arrangement Agreement"), GORO will acquire all the issued and outstanding Aquila shares for 0.0399 of a GORO share per Aquila share (the "Exchange Ratio"). Based upon the 20-day volume-weighted average price ("VWAP") of GORO’s shares on the NYSE American stock exchange on September 3, 2021, being the last trading day prior to the date of the Letter Agreement, the Exchange Ratio represents a 29% premium to the 20-day VWAP of Aquila’s shares on the Toronto Stock Exchange as of such date. The Exchange Ratio represents consideration of C$0.09 per Aquila share (the "Per Share Price"), reflecting a premium of 12.5%, based upon the closing prices of the Aquila shares and the GORO shares on September 3, 2021. The Per Share Price implies an aggregate acquisition price for 100% of the outstanding Aquila shares of approximately C$30.9 million.

Upon closing of the Transaction, the existing GORO and Aquila shareholders will own approximately 85.1% and 14.9%, respectively, of the combined company on a fully diluted basis.

Strategic Rationale for the Transaction

Barry Hildred, Executive Chair, commented, "We believe strongly that this Transaction provides substantial immediate and long-term benefits to Aquila shareholders. The business combination with GORO, a proven operator of a cash flowing mine in the Americas, materially de-risks the financing and development of the Back Forty Project. The Transaction also allows our shareholders to maintain exposure to the value that is created as Back Forty advances towards production."

Guy Le Bel, President & CEO, added, "We share Allen’s vision for the combined company which, as a growth-oriented, multi-jurisdictional, diversified precious and base metal producer, will be well-positioned to create value for all shareholders."

Commenting on the entering into of the Letter Agreement, Allen Palmiere, President and Chief Executive Officer of GORO, said: "This proposed business combination offers an attractive opportunity to the shareholders of both GORO and Aquila. By combining our complementary assets, we will enhance our mineral inventory and add jurisdictional diversification to our project portfolio. The combined company will become a new intermediate gold producer following the commencement of production at Aquila’s Back Forty Project, and its shareholders can look forward to the potential of a company that is expected to benefit from a peer leading growth profile, underpinned by a healthy balance sheet and strong cash flow capable of supporting the development of the Back Forty Project. We look forward to entering into the Arrangement Agreement with Aquila and successfully completing the Transaction."

Further details of the benefits of the Transaction to Aquila and GORO shareholders include the following:

• Immediate and Significant Premium to Aquila Shareholders. Based on the 20-day VWAPs of the GORO shares and the Aquila shares, the Transaction offers an immediate and significant premium to Aquila’s shareholders of 29%.

• Enhanced Market Presence and Re-Rating Potential. GORO currently benefits from inclusion in the VanEck Junior Gold Miners ETF (the "GDXJ") and from an average daily trading volume of approximately 1 million shares, trailing three months. The Transaction is intended to result in the Back Forty Project being placed into production on a more accelerated basis, funded by cash flow generation, thus elevating the combined company to intermediate producer status. Following the completion of the Transaction, GORO is expected to continue to be included in the GDXJ and to benefit from an enhanced capital markets profile in the United States and Canada, as well as increased trading liquidity and broadened appeal to global index, resource, and generalist investors. This offers the potential for a re-rating to a multiple more in line with other intermediate gold producers.

• Enhanced Project and Jurisdictional Diversification. Each of GORO and Aquila is currently a single-asset, single-jurisdiction company. Through the Transaction, GORO and Aquila shareholders will have the opportunity to participate in the ongoing growth of a multi-jurisdictional, diversified precious and base metal producer with exposure to gold, silver, zinc, copper and lead through GORO’s producing Don David Gold Mine in Oaxaca, Mexico and Aquila’s Back Forty Project in Menominee County, Michigan. It is anticipated that Aquila’s previously announced sale of its Bend and Reef exploration properties will be completed prior to the completion of the Transaction.

• Growth Profile and Financial Strength of Combined Company. The combined company is expected to benefit from a peer leading growth profile, a robust balance sheet with no debt and cash of US$30.2 million at June 30, 2021, free cash flow generation from its Don David Gold Mine and the synergies that generally accrue from scale in the areas of general and administrative expenses, from less duplication of salaries, wages and other public company expenses, improved concentrate sales and marketing and supply chain efficiencies.

• Materially De-Risks the Financing and Development of the Back Forty Project for Aquila Shareholders. Benefitting from the free cash flow generated by the Don David Gold Mine, Aquila shareholders will not be diluted by a near-term equity financing that would otherwise be required to advance the Back Forty Project through the final stages of permitting and engineering. GORO is supportive of Aquila’s project development plans including continuing working towards an optimized Feasibility Study. The combined Company’s position of financial strength is also expected to result in an improved ability to access required additional financing to fund the Back Forty Project’s construction capital expenditures.

• All-Stock Transaction Enables Aquila Shareholders to Maintain Upside Exposure. Through their ownership in the combined company, Aquila shareholders will maintain exposure to the value that is expected to be unlocked as the Back Forty Project is advanced towards construction and production. Despite being a proven gold producer, GORO currently trades at only approximately 2.5 times free cash flow from operations. Aquila shareholders will participate in the anticipated re-rating of GORO from a one mine company in Mexico to a two-mine company with jurisdictional diversification.

• Experienced Management Team. The combined company will benefit from GORO’s and Aquila’s technical and operational teams’ expertise in polymetallic open pit and underground mines. The GORO executive team has a demonstrated record of success in developing and operating mining projects in the Americas.

• Demonstrated Consistent Dividend History. Post-Transaction, GORO intends to continue to pay dividends in accordance with its past practice. GORO has made consistent dividend payments to its investors for more than ten years.

Support for the Transaction from Key Aquila Stakeholders

Aquila’s largest shareholder, Orion Mine Finance ("Orion"), which holds 28.6% of the issued and outstanding Aquila shares, has confirmed to GORO that it is supportive of the Transaction. Subject to its review of the proposed Arrangement Agreement, Orion has indicated its intention to enter into a voting support agreement in favor of the Transaction, on terms to be agreed between GORO and Orion, contemporaneously with the execution of the Arrangement Agreement. The Letter Agreement also provides for the delivery of voting support agreements by each of Aquila’s directors and officers at such time (together with the aforementioned Orion agreement, the "Support Agreements").

Osisko Bermuda Limited, a wholly-owned subsidiary of Osisko Gold Royalties and which is a party to gold and silver stream agreements with Aquila relating to the Back Forty Project, has also confirmed that it considers GORO to be an approved purchaser under those agreements, and that it is supportive of the proposed Transaction.

Board Approvals

The Letter Agreement has been unanimously approved by the boards of directors of both GORO and Aquila. The Aquila board’s approval of the Letter Agreement was based in part on the unanimous recommendation of a special committee of independent directors of Aquila which was appointed to consider the Transaction.

Arrangement Agreement and Transaction Approvals

The Letter Agreement provides for a period of up to 45 days of exclusive negotiations by Aquila with GORO (the "Exclusivity Period") with a view to entering into a mutually acceptable Arrangement Agreement, and provides that the Arrangement Agreement will reflect the Exchange Ratio and other economic terms set out in the Letter Agreement. The Arrangement Agreement will contain customary representations and warranties, covenants, closing conditions and deal protection mechanisms for a transaction of this nature, including a break fee payable by Aquila to GORO equal to 4.0% of the total Transaction value in the event of termination of the Arrangement Agreement under certain circumstances.

The entering into of the Arrangement Agreement is subject to certain conditions set out in the Letter Agreement, including (i) the satisfaction of each of GORO and Aquila with its respective ongoing due diligence investigations, (ii) the receipt by Aquila’s board of directors of an opinion that the consideration proposed to be received by the Aquila shareholders pursuant to the Transaction is fair, from a financial point of view, to the Aquila shareholders, (iii) the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and (iv) the entering into of the Support Agreements and certain other arrangements with third parties under certain of Aquila’s material contracts on a basis acceptable to GORO. The Letter Agreement also provides that if the Arrangement Agreement is not entered into, Aquila or GORO will reimburse the other party for certain of its expenses incurred in connection with the proposed Transaction depending on the circumstances.

The Transaction will require the approval of at least 66⅔% of the votes cast in person or by proxy at a special meeting of Aquila shareholders. The Transaction is also subject to Ontario court approval and the receipt of applicable regulatory approvals. The parties anticipate that the Aquila special shareholder meeting and the closing of the Transaction will take place in the fourth quarter of 2021. The Transaction will not require the approval of GORO’s shareholders.

Advisors

Goodmans LLP is Aquila’s Canadian legal advisor and Scotiabank is Aquila’s financial advisor.

Conference Call and Live Webcast

Management of GORO will host a conference call and live webcast at 10:00 a.m. Toronto time / 8:00 a.m. Denver time on September 8, 2021 to discuss the Transaction. Please use the following information to access the call and/or webcast:

There are two ways to join the conference call.

To join the conference via webcast, please click on the following link:
https://www.webcaster4.com/Webcast/Page/2361/42777.

To join the call via telephone please use one of the following dial-in details:
Participant Numbers:
Toll Free: 844-602-0380
International: 862-298-0970

Replay Number: Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 42777

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development‐stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is currently advancing pre-construction activities for its flagship 100%‐owned gold and zinc‐rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

ABOUT GOLD RESOURCE CORPORATION
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GORO’s website, located at www.goldresourcecorp.com and read the company’s Form 10-K for an understanding of the risk factors associated with its business.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". In particular, this news release contains forward-looking information pertaining to the following: statements regarding the proposed Transaction (including with respect to the satisfaction of conditions to the entering into of the Arrangement Agreement, the terms and conditions of the Arrangement Agreement and Support Agreements, and the receipt of shareholder, court and regulatory approvals for the Transaction); the potential strategic benefits of the Transaction and expectations regarding the combined company (including its growth profile and resource profile, the development of the Back Forty Project, cash flow generation from the Don David Gold Mine, and its market presence and re-rating potential and expectations regarding the payment of dividends); and timing expectations for all of the foregoing. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability of the Company and GORO to negotiate the Arrangement Agreement and the satisfaction of the conditions precedent to the execution of the Arrangement Agreement (including the satisfaction of each of GORO and Aquila with their respective due diligence investigations, the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and the execution of the Support Agreements); the satisfaction of all conditions precedent to closing the Transaction (including the obtaining of all shareholder, court, and regulatory approvals); inherent risks of mining exploration, development and production operations; economic factors affecting the Company and/or GORO; the integration of the businesses of the Company and GORO; political conditions and the regulatory environment in the United States and Mexico; and the scope, duration, and impact of the COVID-19 pandemic on the Company and GORO as well as the scope, duration and impact of government action aimed at mitigating the pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005878/en/

Contacts

Guy Le Bel, President & CEO, Director
Tel: 450.582.6789
glebel@aquilaresources.com

David Carew, VP Corporate Development & IR
Tel: 647.943.5677
dcarew@aquilaresources.com

• Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees.

• If you have mistakenly voted on Mr. Smith’s green proxy or want to change your vote, you may do so by voting on the GOLD proxy. This will revoke and replace the previous vote.

• For questions or voting assistance, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

VANCOUVER, British Columbia, September 07, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) is pleased to announce that on Friday, September 3, 2021, the Supreme Court (British Columbia) ("SCBC") dismissed all of Mr. Peter H. Smith’s remaining applications in relation to the Corporation’s annual general meeting ("AGM"). The SCBC had previously dismissed Mr. Smith’s application for the AGM to be held on July 26, 2021.

As to Mr. Smith’s remaining applications, the SCBC:

• Dismissed the application to replace Mr. Mark Billings with an independent chair because Mr. Smith had failed to show any improper act or omission by the Board of Directors or Mr. Billings;

• Ruled that all votes collected through Broadridge QuickVote will be counted and that cancelling those votes – as Mr. Smith had requested – could disenfranchise those shareholders; and

• Dismissed the application that Fancamp be ordered not to close the ScoZinc transaction until any applications arising from the conduct of the meeting are resolved on the ground that Mr. Smith was required to show that there was a serious issue to be tried and had failed to do so;

(collectively, the "Dismissed Applications").

AGM Date

Fancamp is committed to holding the AGM as soon as possible and will advise shareholders of a new date in due course. The AGM, which was originally scheduled for June 29, 2021, was postponed to accommodate the court application. After stalling for a month, Mr. Smith, just two weeks before the meeting, filed a last-minute petition, making a fair hearing of the petition impossible. Fancamp wanted to ensure that, in spite Mr. Smith’s tactical games, there was a fair court hearing and postponed the AGM.

In addition, the forensic investigation with KPMG into Mr. Smith’s past conduct is progressing. However, given Mr. Smith’s continued refusal to provide documentation (despite repeated demands) and history of poor or non-existent record keeping during his time as CEO, more time is required to complete the investigation. The Corporation looks forward to providing full updates as soon as possible.

VOTE YOUR GOLD PROXY TODAY

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

If you have mistakenly voted on Mr. Smith’s green proxy or want to change your vote, you may do so by voting on the GOLD proxy. This will revoke and replace the previous vote.

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, Mr. Peter H. Smith's ability to exhaust all means of appeal with respect to the Dismissed Applications, uncertainties relating to the development of the relevant mining properties and risks relating to the terms and duration of any government orders suspending or limiting operations that are applicable to Fancamp or the relevant mining properties; the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses, 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005902/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

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — The Board of Directors of Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) acknowledges receipt of a form of Arrangement Agreement from Wyloo Metals (“Wyloo”) on the evening of Friday September 3, 2021 (the "Arrangement Agreement"), which provides the terms and conditions of the potential transaction proposed by Wyloo to acquire all of the outstanding common shares of Noront for C$0.70 per share.

Noront and its advisors are reviewing the Arrangement Agreement and the Noront Board and Special Committee remain focused on fulfilling their fiduciary duties and on surfacing maximum value for the Noront shareholders. At the current time, Noront understands that the potential transaction proposed by Wyloo remains subject to satisfaction of preconditions, including completion of due diligence. Noront intends to negotiate with Wyloo directly and constructively, with a view to the best interests of Noront minority shareholders, as it has always been willing to do.

Noront confirms it has signed and returned to Wyloo a Confidentiality Agreement in the form provided by Wyloo, thus allowing Wyloo the ability to conduct due diligence on the terms it requested. Noront views the terms and conditions of its initial confidentiality agreement and of the support agreement with BHP Western Mining Resources International Pty Ltd (“BHP”) and its parent, BHP Lonsdale Investments Pty Ltd (the “Support Agreement”) as entirely in line with prevailing market practice; however, Noront sought and received the agreement of BHP to enter into the modified form of Confidentiality Agreement requested by Wyloo in order to facilitate completion of due diligence by Wyloo. This consent is required pursuant to the Support Agreement which requirement is customary for transactions of this nature.

Noront further confirms that there are no undisclosed agreements, understandings, payments or other incentives for Noront’s directors or officers in connection with the transaction with BHP. Wyloo’s assertions that, among other things, the exercise of options and share awards by Noront officers and directors is unusual is simply incorrect. The acceleration provisions provided in the Support Agreement for the options and share awards are also customary for a transaction of this nature and are fully disclosed in the Support Agreement and other public filings relating to the proposed transaction with BHP. As is customary, the lock-up agreements BHP entered into with the directors and officers of Noront will automatically terminate if the Support Agreement is terminated in accordance with its terms, including if Noront terminates the Support Agreement to accept a superior proposal.

Noront looks forward to providing its shareholders with updates in respect of the transaction proposed by Wyloo in due course.

About Noront Resources

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

Contact Information

Forward Looking Statements

Certain statements contained in this news release contain “forward-looking information” within the meaning of applicable securities laws and are prospective in nature. Forward-looking information and statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: the Wyloo arrangement agreement; the BHP offer; and the intentions of Wyloo to make a binding offer to acquire Noront (if at all).

Although Noront believes that the expectations reflected in such forward-looking information and statements are reasonable, such information and statements involve risks and uncertainties, and undue reliance should not be placed on such information and statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs that the Offer will be successful, that all required regulatory consents and approvals will be obtained and all other conditions to completion of the transaction will be satisfied or waived, and the ability to achieve goals. Noront cautions that the foregoing list of material factors and assumptions is not exhaustive. Many of these assumptions are based on factors and events that are not within the control of Noront, and there is no assurance that they will prove correct. Consequently, there can be no assurance that the actual results or developments anticipated by Noront will be realized or, even if substantially realized, that they will have the expected consequences for, or effects on, Noront or its future results and performance.

Forward-looking information and statements in this news release are based on Noront’s beliefs and opinions at the time the statements are made, and there should be no expectation that these forward-looking statements will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and Noront disavows and disclaims any obligation to do so except as required by applicable law. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Noront.

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.

Highlights:

• PBM-138 intersected 37m of 6.00% copper, 0.35 g/t gold and 6.13 g/t silver;

• PBM-133 intersected 7.71m of 2.62% CuEq including 1.70% copper, 0.52 g/t gold, 8.25 g/t silver and 1.29% zinc; and

• One drill is currently testing the up plunge extent of the Rainbow Deposit to surface.

VANCOUVER, BC, Sept. 7, 2021 /PRNewswire/ – Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTC: CLLXF) is pleased to announce additional drill results from the ongoing 30,000m drilling campaign to expand the high-grade copper, gold, silver and zinc Rainbow Deposit (the "Rainbow"). The Rainbow is located at the 100% owned Pine Bay Project within a mineral lease, less than 250m from a high-voltage hydroelectric power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon, MB (District Overview Map).

PBM-138 intersected the Orange Zone and returned 37.0m of 6.00% copper ("Cu"), 0.35 g/t gold ("Au"), 6.13 g/t silver ("Ag"), 0.09% zinc ("Zn") or 6.33% copper equivalent ("CuEq") including two high-grade one meter intervals which returned over 18% Cu (Rainbow Drill Core Photo) . PBM-138 is located 210m vertically above and along strike to the north of PBM-129-W2 which intersected 67.0m of 2.73% Cu and a 34m step-out from PBM-131 which intersected 20.53m of 2.58% Cu (Orange Zone Grade/Width Contour Long Section) (See News Release Dated June 30, 2021).

Max Porterfield, President and CEO, stated, "We continue to be impressed with assay results coming out of the Rainbow as Callinex expands the high-grade copper deposit. The Company recently mobilized one of the two drill rigs to define how close the Rainbow deposit comes to surface. To date the Rainbow deposit has been intersected from 300m vertical depth down to 890m."

Additionally, PBM-133 intersected the Orange Zone with 2.62% CuEq over 7.71m (1.70% Cu, 0.52 g/t Au, 8.25 g/t Ag and 1.29% Zn) including 3.21m of 3.48% Cu, 0.70 g/t Au, 12.18 g/t Ag and 0.98% Zn (Rainbow Deposit Long Section).

Two drill holes, PBM-135 and PBM-136, were drilled to test the down plunge extent of mineralization below discovery hole PBM-111, the deepest intersection to date at the Rainbow. Drill holes PBM-135 and PBM-136 have been interpreted to have gone above and below the plunge line. Additional drilling is required to further delineate the deposit at depth.

One rig is currently drilling to test the up plunge extent of the Rainbow deposit above 300m vertical depth. A second drill rig is operating to test regional exploration targets to the north and along strike of the Rainbow Deposit, while vectoring with borehole electromagnetic surveys. Since the Company commenced its 2021 exploration campaign, 27 holes (including 5 wedges) have been announced for a total of 18,700 meters out of a fully funded 30,000 meter budgeted drill program. Callinex will continue to provide results for the duration of the 2021 drilling campaign.

Table 1: Pine Bay Drill Results

J.J. O'Donnell, P.Geo, a qualified person under National Instrument 43-101, has reviewed and approved the technical information in this news release.

Core Photo: PBM-128 37m of 6% Copper Core Photo

Figure 1: Flin Flon Mining District Region Overview

Figure 2: Pine Bay Long Section Looking West with 2021 Drilling

Figure 3: Pine Bay Orange Zone Grade/Width Contour Long Section

Figure 4: Pine Bay Yellow Zone Grade/Width Contour Long Section

QA / QC Protocols
Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to SGS lab in Vancouver, BC for analysis. Samples were weighed then crushed to 75% passing 2mm and pulverized to 85% passing 75 microns in order to produce a 250g pulverized split. 35 elements including copper, zinc, lead and silver assays were determined by Aqua Regia digestion with a combination of ICP-MS and ICP-AES finish, with over limits rerun using an ore grade analysis (two acid digest ICP-AES). Gold was analyzed by fire assay. Specific gravity (sg) measured for each sample using the pycnometer and water and air method. QA/QC included the insertion and continual monitoring of numerous standards, blanks, and duplicates

About Callinex Mines Inc.

Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by the rapidly expanding Rainbow Discovery at its Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Additionally, Callinex has emerging near-surface silver discoveries at its Nash Creek Project located in the Bathurst Mining District of New Brunswick. A 2018 PEA on the Company's Bathurst projects outlined a mine plan that generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax).

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.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.

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SOURCE Callinex Mines Inc.

Iron ore prices have been on a downward spiral lately, due to China’s efforts to cut steel production and expectations of a pick-up in global iron ore supply.

Future prices for iron ore with 62% iron content, hit a nine-month low of $140.54 a ton on Sep 2. It eventually recovered to settle at $144.83 a ton on Sep 3. Iron ore prices are currently 34% below the high of $219.77 in July. Year to date, iron ore prices have declined 12%, which is in stark contrast to the rally of 70% witnessed last year. Robust demand in China stemming from the government’s measures to stimulate the economy from the COVID-19 slump amid concerns of supply shortage from Brazil had worked in favor of iron ore prices last year.

The tables seem to have turned this year, as China’s intensified focus on cutting down emissions has dealt a blow to the steel industry, which given its high energy consumption and outdated technology and equipment is one of the biggest contributors to pollution in the country. China is, thus, working toward reducing its crude steel output in 2021 from a year earlier. The China Iron and Steel Association (“CISA”) announced that in late August, the average aggregate daily crude steel output of large and medium sized steel enterprises in China was down 4% compared to mid-August, which highlights the impact of the implementation of production restrictions at steel mills.

Meanwhile, the Caixin China General Manufacturing PMI contracted for the first time since April to 49.2 in August 2021. It came below 50.3 in July and missed market estimates of 50.2. This was primarily due to measures to curb rising cases of the Delta strain, supply chain bottlenecks, and raw material cost inflation. Output shrank for the first time in 17 months and new orders declined at the steepest rate in 16 months. Exports sales contracted for the first time since February. Consequently, the lower demand in China and output recovery in Brazil have been weighing on iron ore prices.

Demand for Iron Ore to Remain Resilient

The World Steel Association projects steel demand to grow 5.8% in 2021 and reach 1,874 million. In 2022, steel demand is expected to go up 2.7% to reach 1,924.6 Mt. In China, steel demand is expected to grow 3.0% in 2021 but will decline 1% in 2022 due to the intensified environmental push. Meanwhile, steel demand will go up 8.2% and 4.2% in 2021 and 2022, respectively, in advanced economies. The ongoing recovery in automotive and construction sectors worldwide will drive demand for steel. In the United States, massive government spending to rebuild infrastructure including railroads, highways and bridges will significantly boost steel demand, thus raising the requirement of more iron ore.

3 Stocks to Keep an Eye on

We recommend these iron mining stocks that are well-poised to capitalize on the increase in demand for iron ore. These stocks have a Zacks Rank 3 (Hold) and a VGM Score of A. Our research shows that stocks with such a combination offer the best investment opportunities. They also have solid earnings growth projections.

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

Image Source: Zacks Investment Research

BHP Group BHP: In fiscal 2022, the company expects to produce between 249 Mt and 259 Mt of iron ore backed by productivity improvements at Western Australia Iron Ore operations. Efforts to make operations more efficient through smart technology adoption across the entire value chain will aid in reducing costs, thereby bolstering its margins. Its focus on lowering debt is commendable. The company’s exit of the petroleum business, investment in growth projects and decision to unify its dual-listed structure will aid growth as well. These factors have resulted in a share price appreciation of 18.8% over the past year. .

The company has a long-term estimated earnings growth rate of 4%. The Zacks Consensus Estimate for current fiscal earnings indicates year-over-year improvement of 37.8%. The consensus estimate has moved up 6% over the past 90 days.

Rio Tinto plc RIO: The company expects to produce at the low end of its range of 325 Mt to 340 Mt of iron ore in fiscal 2021. It boasts a world-class portfolio of high-quality assets and continues to strengthen it by increasing investment in high-value projects to ensure long-term growth. Rio Tinto is strengthening the portfolio further with its commitment to fund the high-quality Jadar lithium project, which signals its entry into the fast-growing battery materials market. The company remains focused on making its operations as efficient as possible through the use of technology and innovation, including automation. A strong balance sheet and a disciplined capital allocation support its ability to sustain production and increase investment in development projects (in high-return iron ore and copper), while delivering superior returns to shareholders. All of these factors have contributed to its share price gain of 24.6% in a year’s time.

The Zacks Consensus Estimate for fiscal 2021 earnings indicates year-over-year improvement of around 104%. The consensus mark has been revised upward by 5% over the past 90 days. The company has a long-term estimated growth rate of 3%.

Vale S.A VALE: The Brazilian miner expects to produce between 315 Mt and 335 Mt of iron ore in 2021. Backed by solid cash flow, Vale continues to lower debt and strengthen its balance sheet. The company also continues to invest in growth projects that will help it achieve annual iron ore production capacity of 450 Mt in the future. Vale is working toward transforming its base metals business, and believes it will attain 500 ktpy (kilo tons per year) with projects already in pipeline. Its ongoing efforts to improve productivity, introduce more high-quality ore in the market and control costs have been impressive, leading to a 72.8% surge in its share price over the past year. The company is also investing in its autonomous program in a bid to ensure safety in mining, reduce carbon footprint, improve efficiency and lower costs.

The company has a long-term estimated earnings growth rate of 30.7%. The Zacks Consensus Estimate for fiscal 2021 earnings suggests year-over-year growth of around 170%. The consensus mark has moved north by 6% over the past 60 days. The company delivered a trailing four-quarter earnings surprise of 14.3%, on average.

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To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, British Columbia and Val-d'Or, Québec–(Newsfile Corp. – September 7, 2021) – Gold Royalty Corp. ("Gold Royalty") (NYSE American: GROY), Abitibi Royalties Inc. ("Abitibi Royalties") (TSXV: RZZ) (OTC PINK: ATBYF) and Golden Valley Mines and Royalties Ltd. ("Golden Valley") (TSXV: GZZ) (OTCQX: GLVMF) are pleased to announce that they have entered into definitive agreements (the "Agreements") dated September 6, 2021, pursuant to which Gold Royalty will acquire all of the issued and outstanding common shares of each of Abitibi Royalties and Golden Valley by way of statutory plans of arrangement (the "Arrangements").

Under the terms of the Agreement with Abitibi Royalties, which was negotiated at arms-length, each holder of the common shares of Abitibi Royalties (each, an "Abitibi Royalties Share") will receive 4.6119 Gold Royalty common shares (each, a "Gold Royalty Share") for each Abitibi Royalties Share held. Such share exchange ratio implies consideration of C$25.33 per Abitibi Royalties Share and a premium of approximately 22%^[1] to Abitibi Royalties shareholders based on the 20-day volume weighted average price of the Gold Royalty Shares and Abitibi Royalties Shares ending on September 3, 2021.

Under the terms of the Arrangement with Golden Valley, which was negotiated at arms-length, each holder of the common shares of Golden Valley (each, a "Golden Valley Share") will receive 2.1417 Gold Royalty Shares for each Golden Valley Share held. Such share exchange ratio implies consideration of C$11.76 per Golden Valley Share and a premium of approximately 86%¹ to Golden Valley shareholders based on the 20-day volume weighted average price of the Gold Royalty Shares and Golden Valley Shares ending on September 3, 2021. The consideration for the Golden Valley Shares reflects Golden Valley's ownership in Abitibi Royalties plus the additional value of its other assets.

At closing, existing Gold Royalty, Abitibi Royalties (excluding Golden Valley's ownership in Abitibi Royalties) and Golden Valley shareholders will own approximately 54%, 23% and 23%, respectively, of Gold Royalty after giving effect to the Arrangement ("GRC") on a fully diluted and in-the-money basis.

Transaction Highlights

• Balanced Portfolio with 191 Royalties Across Cash Flowing, Development and Exploration Assets (Schedule A): Well-balanced, diversified and peer-leading portfolio of royalties with current cash flow generation and further growth potential, including:

  • Cash-Flowing: Six royalties owned on operating mines with additional immediate cash generation potential from current investments.

  • Near-Term Cash Flow: Royalties in production expected to more than double with seven mines currently under development based on the respective operators' disclosed plans.

  • Development: 14 Feasibility / PEA stage royalties and 15 resource stage royalties.

  • Exploration: 12 key exploration royalties and 137 early stage exploration royalties.

• Cornerstone Royalty on a Portion of Canada's Largest Gold Mine, Canadian Malartic: Coveted exposure to portions of Canada's largest producing gold mine, Canadian Malartic. With significant resource and reserve estimates, premier operators, and a multi-decade mine life, Canadian Malartic is widely regarded as a world-class mine. The Odyssey underground mine will become a significant cash flow generator for the combined company.

• Multiple Avenues for Expected Growth (Cash Flow, Exploration, Royalty Generator Model): Royalty portfolio expected to drive year-over-year cash flow growth. GRC to leverage unique royalty generator model with a track record of success at Ely Gold and Golden Valley to facilitate organic growth.

• Premier Operating Partners with Americas Focus (Concentration in Nevada and Québec): Increased diversity of the combined company's mining operators, with over 15 key operators ranging in scale from senior gold mining companies to junior developers and concentrated in premier jurisdictions such as Nevada and Québec.

• Strong Balance Sheet and No Debt: The combined company is expected to have $47 million in cash and marketable securities and no debt^[2].

• Experienced Management Team with Track Record of Creating Value: With a balance of technical and capital markets experience, GRC will continue to be led by a highly credible and established management team with a track record of creating value and sourcing accretive transactions.

• Path to Re-Rate Through Increased Scale, Asset Quality and Precious Metals Focus: Potential share price re-rate through increased operating scale, royalty portfolio diversification, capital markets presence, increased trading liquidity and greater support from institutional investors.

David Garofalo, CEO, President and Chairman of Gold Royalty, stated: "We are pleased to present this consolidation opportunity to the shareholders of Golden Valley, Abitibi Royalties and Gold Royalty that will firmly establish the combined company as the leading growth and Americas-focused precious metals royalty company. We will have a significant presence in Québec and Nevada, two of the most favoured mining regions worldwide. The acquisition of Golden Valley and Abitibi Royalties represents a very compelling extension of our strategy by adding royalties over the world class Canadian Malartic mine – a generational asset that will continue to deliver gold production for decades to come. This business combination also provides a strong balance of asset quality, scale, financial strength and management to drive significant growth and to deliver further potential upside through a significant value re-rating to the benefit of all our stakeholders."

Glenn Mullan, CEO, President and Chairman of Golden Valley, who will be joining GRC's board of directors on completion of the transactions, commented: "This is a great outcome for Golden Valley shareholders. The transaction provides an immediate and compelling premium for our shareholders and the opportunity to continue to participate in the continued growth of what is a world class asset portfolio. Having considered the landscape, we are convinced that Gold Royalty is the best fit among the peer group of royalty companies to take over stewardship of our assets and I am particularly excited to be joining the Gold Royalty board at closing and to work with the Gold Royalty management team to execute on the growth strategy"

Ian Ball, CEO and President of Abitibi Royalties, commented: "Upon joining Abitibi Royalties in 2014, my goal was to build the "Best Gold Company." I define this as the company that achieves the best share performance – period. In 2014, we started at C$0.35 per share and today we are announcing a combination with Gold Royalty at an implied value of C$25.33 per share. We have always tried to do it the right way, by walking in the same shoes as our shareholders. However, there is a point when someone with different skills is needed in order to continue the success of the company. I believe Abitibi Royalties has reached this stage. I look forward to seeing the Gold Royalty team build upon this exciting platform."

Benefits to Gold Royalty Shareholders

• Adds a large, high-quality and strategic portfolio of North American-focused royalties, including:

  • Four royalties (1.5% NSR, 2% NSR, 3% NSR, 15% NPI) on portions of Canadian Malartic, a large, long-life and cornerstone asset with the potential to sustain production for decades; and

  • A royalty (2.5-4.0% NSR) on Cheechoo, proximate to Newmont's Eleonore Mine in Québec.

• Builds on Gold Royalty's royalty generator model with dedicated teams focused in Québec, Ontario and Nevada to help originate, evaluate and target opportunities with exploration upside.

• Significantly enhances Gold Royalty's cash position, while remaining debt free.

Benefits to Abitibi Royalties and Golden Valley Shareholders

• Significant premiums of 22% and 86% to Abitibi Royalties and Golden Valley shareholders, respectively, in each case, based on the 20-day volume-weighted average price as of September 3, 2021.

• Meaningful ownership in a leading growth and Americas-focused precious metals royalty company with continued exposure to Abitibi Royalties' and Golden Valley's respective royalty portfolio through ownership of GRC shares.

• Expanded presence in Québec through Gold Royalty's royalties on properties managed by Monarch Mining Corporation and Wallbridge Mining Company Limited.

• Increase exposure to royalties that are in production, currently under development, in the feasibility or preliminary economic assessment stage and on numerous key exploration projects.

• Incremental potential upside to Abitibi Royalties and Golden Valley shareholders due to increased operating scale, capital markets presence, royalty portfolio diversification and growth profile.

• Simplifies ownership of Abitibi Royalties and eliminates Golden Valley's current holding company structure, unlocking value for Golden Valley shareholders.

• Improved trading liquidity due to NYSE American listing.

Transaction Conditions & Timing

Gold Royalty executed Agreements with each of Abitibi Royalties and Golden Valley, respectively. Pursuant to each such Agreement, the Arrangement with Abitibi Royalties will be by way of a plan of arrangement under this Business Corporations Act (British Columbia) and the Arrangement with Golden Valley will be by way of a plan of arrangement under the Canada Business Corporations Act. Each Agreement is subject to customary conditions applicable to the transactions contemplated therein, including receipt of requisite court, shareholder and stock exchange approvals.

Each of Abitibi Royalties and Golden Valley intend to call a meeting of shareholders to seek shareholder approval for their respective Arrangements. Completion of each Arrangement will require:

• approval of at least 66 2/3% of the votes cast by applicable shareholders at the applicable meeting, and

• approval of a simple majority of the votes cast by applicable shareholders excluding certain shareholders as required under Multilateral Instrument 61-101.

In addition, each Agreement is conditional on the completion of the Arrangement contemplated in the other Agreement. Each Agreement provides for, among other things, non-solicitation covenants, with "fiduciary out" provisions that allow each of Abitibi Royalties and Golden Valley to consider and accept a superior proposal, subject to a "right to match period" in favour of Gold Royalty. The Agreements also provide for a termination fee of C$10.0 million to be paid by Abitibi Royalties and C$5.0 million by Golden Valley to Gold Royalty. The Agreement between Abitibi Royalties and Gold Royalty provides for a reciprocal expense reimbursement of C$1.5 million if the Agreement is terminated under certain circumstances. The Agreement between Golden Valley and Gold Royalty provides for a reciprocal expense reimbursement of C$1.0 million if the Agreement is terminated under certain circumstances.

The directors, senior officers and certain shareholders of Abitibi Royalties and Golden Valley, holding in the aggregate approximately 65.4% and 38.0%, respectively, of the issued and outstanding common shares of each of Abitibi Royalties (including Golden Valley) and Golden Valley, have entered into voting support agreements with Gold Royalty, pursuant to which they have agreed to vote their shares in favour of their respective Arrangements at the applicable shareholder meeting. Of such shares, approximately 11.2% of the outstanding Abitibi Royalties Shares and 31.4% of the outstanding Golden Valley Shares are subject to a "hard" lock-up voting support agreement.

Each of Gold Royalty, Abitibi Royalties and Golden Valley are working towards closing the applicable transactions in the fourth quarter of 2021.

Board Approval

The boards of directors of each of Abitibi Royalties and Golden Valley have formed special committees of independent directors (the "Special Committees") to consider the proposed transactions. The Abitibi Royalties Special Committee has received an opinion from Maxit Capital LP that, based upon and subject to the limitations, assumptions and qualifications of and other matters considered in connections with the preparation of such opinion, the consideration to be received by Abitibi Royalties shareholders (excluding Golden Valley) pursuant to the Abitibi Royalties Arrangement is fair, from a financial point view (the "Abitibi Fairness Opinion"). The Golden Valley Special Committee has also received an opinion from Maxit Capital LP that, based upon and subject to the limitations, assumptions and qualifications of and other matters considered in connections with the preparation of such opinion, the consideration to be received by Golden Valley shareholders pursuant to the Golden Valley Arrangement is fair, from a financial point view (together with the Abitibi Fairness Opinion, the "Fairness Opinions").

Following their review and in consideration of, among other things, the Fairness Opinions, the Special Committees have unanimously recommended to their respective boards of directors to approve the Arrangements. The Abitibi Royalties and Golden Valley boards, following the receipt and review of the recommendations from their Special Committees, have unanimously approved the Agreements and have determined that the Arrangements are fair to shareholders of Abitibi Royalties and Golden Valley, respectively, and are in the best interest of their respective shareholders, and recommend that their respective shareholders vote in favour of their respective Arrangements.

Advisors and Counsel

BMO Capital Markets and Raymond James Ltd. are acting as financial advisors to Gold Royalty in connection with the Arrangements. Sangra Moller LLP is acting as Canadian legal advisor to Gold Royalty, Lavery de Billy, LLP is acting as Québec legal advisor to Gold Royalty and Haynes & Boone LLP is acting as U.S. legal advisor to Gold Royalty.

Maxit Capital LP is acting as financial advisor to Abitibi Royalties and Golden Valley in connection with the transaction. Getz Prince Wells LLP is acting as legal advisor to Abitibi Royalties and Golden Valley. Dentons Canada LLP is acting as legal advisor to the Special Committee of Abitibi Royalties and Maxis Law Corporation is acting as legal advisor to the Special Committee of Golden Valley.

Webcast and Conference

Gold Royalty, Abitibi Royalties and Golden Valley will host a joint webcast and conference call on September 7, 2021 at 11:00 AM Eastern (8:00 AM Pacific) for members of the investment community to discuss the Arrangement. Webcast and call-in information is provided below.

About Abitibi Royalties Inc.

Abitibi Royalties Inc. owns various royalties at the Canadian Malartic Mine near Val-d'Or, Québec. In addition, Abitibi Royalties is building a portfolio of royalties on early-stage properties near producing mines and generating mineral projects for option or sale.

About Golden Valley Mines and Royalties Ltd.

Golden Valley Mines and Royalties Ltd. is focused on project and royalty generation and continues to evaluate opportunities to enhance its mining exploration property portfolio. Golden Valley is able to grow its current assets by way of partner-funded option/joint ventures and through its shareholdings in related-entities.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balances portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Additional Information

Further details on the respective Agreements and Arrangements will be filed by Abitibi Royalties and Golden Valley under their respective profiles on SEDAR at www.sedar.com. In addition, further information regarding the respective Arrangements will be contained in management information circulars to be prepared by Abitibi Royalties and Golden Valley in connection with their respective shareholder meetings and filed on their respective SEDAR profiles on www.sedar.com at the time that such circulars are mailed to shareholders. All shareholders are urged to read the applicable management information circular once it becomes available as it will contain additional important information concerning the Arrangements.

For additional information, please contact:

Abitibi Royalties Inc.
Ian Ball, President & CEO
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

Golden Valley Mines and Royalties Ltd.
Glenn Mullan, President & CEO
Tel.: 1-819-824-2808 ext.204
Email: glenn.mullan@goldenvalleymines.com

Gold Royalty Corp.
David Garofalo, CEO, President and Chairman
Tel.: 1-833-396-3066
Email: info@goldroyalty.com

Cautionary Statement on Forward-Looking Information:

Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements") and involve known and unknown risks, uncertainties and other factors that may cause Gold Royalty's, Abitibi Royalties' and/or Golden Valley's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Such forward-looking statements, including but not limited to statements relating to: the proposed transactions and the respective Arrangement; the ability of the parties to satisfy the conditions to closing of one or both Arrangements; the anticipated timing, benefits and effects of the completion of the Arrangements, expected cash flows from royalties and other assets, expected development and operations at projects underlying the parties' existing interests and the parties' future growth plans and strategies, involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among others, obtaining required court, shareholder and regulatory approvals, exercise of any termination rights under the respective Agreements, any inability to satisfy the other conditions in the Agreements, material adverse effects on the business, properties and assets of the parties; any inability of the parties to realize the benefits of either proposed transaction. Inability of the parties to identify and complete suitable acquisition opportunities; any inability of the operators of the properties underlying the parties' royalty and other interests to execute proposed plans for such properties, risks related to such operators or the exploration, development and mining operations of the properties underlying the parties' royalty and other interests; impacts of macroeconomic developments as well as the impact of and the responses of relevant governments to the COVID-19 pandemic and the effectiveness of such responses; and any inability of the parties to carry out growth plans. Although each of Gold Royalty, Abitibi Royalties and Golden Valley has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. None of Gold Royalty, Abitibi Royalties or Golden Valley undertakes to update any forward-looking statements, except in accordance with applicable securities laws.

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

SCHEDULE A

^[1] Spot exchange rate on September 3, 2021 of 1.2513 Canadian dollars per U.S. dollar.

^[2] Pro forma cash and equivalents (including $19.9 mm of Agnico Eagle Mines shares and $4.4 mm of Yamana Gold shares based on share prices as at 3-Sep-21) less estimated transaction costs of $8.75 mm. On September 3, 2021, Gold Royalty announced that it entered into a commitment letter for an up to $25 mm revolving credit facility.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95705

PERTH, Australia, Sept. 06, 2021 (GLOBE NEWSWIRE) — Wyloo Metals Pty Ltd (“Wyloo Metals”) confirms it submitted an Arrangement Agreement to the Board of Noront Resources Ltd (TSXV:NOT) (“Noront”) for consideration on September 3, 2021. In submitting the agreement, Wyloo Metals calls upon the Noront Board to act in the best interest of shareholders and progress the formalization of Wyloo Metals’ superior proposal in line with its fiduciary obligations.

Wyloo Metals restricted on due diligence

Wyloo Metals received a revised confidentiality agreement from the Noront Board on August 31, 2021. Wyloo Metals was surprised to learn that the removal of the standstill provision required the consent of BHP Western Mining Resources International Pty Ltd. (“BHP”). The Noront Board was aware of Wyloo Metals’ objections to the standstill given the adverse and inappropriate restrictions such a provision would place on Wyloo Metals as an existing shareholder. By granting BHP this consent right to control the terms on which Wyloo Metals can access due diligence information, the Noront Board continues to frustrate a clearly superior offer for its shareholders.

While BHP may have consented to the removal of the standstill provision, unfortunately, Wyloo Metals and Noront have been unable to agree on a form of the confidentiality agreement that preserves Wyloo Metals’ unrestricted freedom to communicate directly with shareholders. BHP’s consent continues to be required. Despite this obstacle and its inability to conduct confirmatory due diligence, Wyloo Metals remains committed to delivering the best result for Noront shareholders. While Wyloo Metals’ preference would be to conduct confirmatory diligence as would be customary, rather than subjecting itself to a gag order, Wyloo Metals intends to proceed directly to the finalization of transaction documentation.

Clarification of misleading comments from Noront

Wyloo Metals would like to clarify a misleading comment made by Mr. Alan Coutts, President and CEO of Noront, in an article published by Northern Ontario Business on September 4, 2021. In the article, Mr. Coutts suggests that the inclusion of the standstill provision is to ensure Wyloo Metals does not “go out and buy stock on the market based on what [Wyloo Metals] may or may not see in the data room”. Mr. Coutts and the Noront Board would be fully aware that Wyloo Metals cannot purchase any shares in Noront in the open market without triggering the Shareholder Rights Plan (i.e. poison pill defense), adopted by Noront on May 27, 2021. Rather, the primary purpose of the standstill clause appears to be to prevent Wyloo Metals from submitting an acquisition proposal directly to shareholders, advocating for changes to the Noront Board or publicly communicating directly with Noront shareholders without the approval of the Noront Board. Given the Noront Board’s track record of favoring BHP as a counterparty to a transaction, Wyloo Metals could not accept such a standstill clause.

Head of Wyloo Metals Luca Giacovazzi said, “As we have shown from day one of this process, Wyloo Metals is fully committed to working quickly and collaboratively to formalize a binding superior proposal for the benefit of Noront shareholders. However, we cannot allow our proposal to be subject to inappropriate restrictions from the Noront Board, particularly given that our proposal calls for the Board’s replacement.”

Additional benefits to Noront directors and officers

Wyloo Metals is disappointed by Noront’s continued public support of BHP’s Cdn$0.55 per share offer considering Wyloo Metals has made a clearly superior C$0.70 per share proposal. Wyloo Metals therefore requests that Noront directors and officers disclose the full details any benefits afforded to them by BHP that will not be made available to ordinary shareholders, including any early exercise or vesting of options and/or share rights, change of control payments, future employment opportunities and any other arrangements with BHP.

Wyloo Metals’ proposed Arrangement Agreement does not contemplate the early exercise of options or share awards of Noront directors or officers. Such options and share awards will survive on the same terms and conditions as they would have done prior to the transaction, as specified in Noront’s existing option plan and share award plan.

Wyloo Metals notes the lock-up agreements entered into by certain directors and officers of Noront, in support of the BHP offer, assume certain options or share awards exercise earlier than they otherwise would according to Noront’s existing option plan and share award plan. These options and share awards, some of which were issued as recently as April 2021, are not being exercised in the ordinary course of business but as a direct result of the BHP offer. The resulting shares would be tendered in favor of the BHP offer, to the direct financial benefit of the Noront directors and officers that own them. At BHP’s offer price, the gross monetary value of these converted options and share awards is approximately Cdn$10 million dollars and represents a substantial benefit for those Noront directors and officers.

ABOUT WYLOO METALS

Wyloo Metals is the metals and mining subsidiary of Tattarang, one of Australia’s largest private investment groups. Led by a multidisciplinary team of geologists, engineers and financial professionals, Wyloo Metals manages a diverse portfolio of exploration and development projects and cornerstone interests in a number of public and private companies. Wyloo Metals seeks to work closely with all stakeholders to accelerate projects through the development cycle while meeting the highest international environmental, social and governance standards. See more at: www.wyloometals.com.

Wyloo Canada Holdings Pty Ltd (“Wyloo Canada”), a wholly owned subsidiary of Wyloo Metals, currently holds an aggregate of 111,815,458 common shares of Noront, representing approximately 24.4% of the outstanding common shares of Noront. As previously announced on July 23, 2021, Wyloo Metals intends to convert its US$15 million convertible loan (“Convertible Loan”) into common shares of Noront at or before the September 30, 2021 maturity date. At an exchange rate of 0.799 US Dollars per Canadian Dollar¹, Wyloo Canada would acquire an additional 93,847,496 common shares of Noront upon conversion of its Convertible Loan, following which it would hold 205,662,954 common shares of Noront, representing approximately 37.2% of the outstanding common shares of Noront on a partially diluted basis.

Wyloo Canada also holds warrants (“Noront Warrants”) to acquire 1,774,664 common shares of Noront at an exercise price of Cdn$0.35 per share. If the Noront Warrants are also fully exercised, Wyloo Canada would hold 207,437,618 common shares of Noront, representing approximately 37.5% of the outstanding common shares of Noront on a partially diluted basis.

DISCLAIMER

Some of the statements in this press release may be forward looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Wyloo Metals does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Wyloo Metals and its affiliate companies be liable to anyone for any decision made or action taken in connection with the information and/or statements in this press release or for any related damages.

This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed under Noront’s profile on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of such report may be obtained by contacting Wyloo Metals at info@wyloometals.com. The address of Wyloo Metals is PO Box 3155, Broadway Nedlands, WA 6009 Western Australia.

¹ At September 3, 2021.