Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

MIRAMICHI, New Brunswick, July 19, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (TSXV: SXL) (the “Company”) announces that it has closed the previously announced private placement and it has issued 3,299,731 flow-through units (the “FT Units”) at a price of $0.09 per FT Unit for gross proceeds of $296,975.79 (the “Private Placement”). Each FT Unit is comprised of one common share in the capital of the Company issued on a “flow-through” basis and one-half of one common share purchase warrant issued on a non-flow-through basis (with two half common share purchase warrants being a “Warrant”). Each Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of $0.10 for a period of 24 months from the date of closing. The FT Units are subject to a four-month and one day hold period that expires on November 16, 2021.

Three insiders of the Company participated in the Private Placement and subscribed for an aggregate of 1,611,110 FT Units; the transaction is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the Insiders do not exceed 25% of its market capitalization.

The Company has paid $10,567 cash and issued 53,150 non-flow-through units (“NFT Units”) with each NFT Unit being comprised of one common share and one Warrant that is exercisable to purchase one additional common share at a price of $0.10 for a period of two years to qualified parties.

Proceeds received from the FT Units will be used to fund exploration on SLAM's gold and base metal projects in Canada with the main focus on the Menneval gold project in New Brunswick.

For additional information call Mike Taylor at 506-623-8960.

About SLAM Exploration Ltd:

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

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

(Bloomberg) — Brazilian mining giant Vale SA produced slightly less iron ore than expected last quarter because of teething problems at a new plant in a fresh blow to an already tight global market for the steelmaking ingredient.

The world’s second-largest iron producer churned out 75.7 million metric tons in the second quarter compared with the 78 million-ton average estimate among analysts tracked by Bloomberg. The result was still up from both the previous three months and the Covid-impacted year-ago period.

Vale’s ongoing recovery from an early-2019 dam disaster makes it a major swing factor in a market in which demand remains strong despite China’s efforts to curb emissions and contain commodity inflation. Vale’s ability and willingness to expand and take back the No. 1 producer title it lost to Rio Tinto Group will help determine whether the market moves back into surplus. Rio Tinto has said suppliers are struggling to meet demand.

While Vale is resolving a rail interruption at one of its complexes in southern Brazil, production was held back by disruptions cause by the installation of a crusher plant at its S11D complex in the country’s north. The Rio de Janeiro-based also said it had pushed back resumption dates at other operations due to slower-than-expected permitting and extra work to increase dam safety.

Vale’s ramp-up took a hit in early June when it was ordered to restrict operations at its Timbopeba complex amid concerns surrounding the stability of another dam. In the first quarter, the partial resumption of Timbopeba had helped push up Vale’s output.

Still, Timbopeba delivered a better performance thanks to the commissioning of the three additional wet-processing lines in March. The company said a driver-less train solution at the complex is performing well.

In Monday’s production report, Vale maintained its full-year guidance of 315 million to 335 million tons and said it achieved annual output capacity of 330 million tons. The company expects to reach 350 million tons capacity by year-end and 400 million tons by the end of 2022.

Still, quarterly iron ore sales lagged output, coming in at 67.2 million tons. Rio Tinto said last week that its shipments fell 2% on the previous quarter and flagged annual exports could come in at the low end of its forecast, partly because of rainier-than-normal weather. BHP Group reported a 12% increase in quarterly shipments.

Vale is also one of the world’s largest nickel producers and a major copper supplier. Production of both metals fell in the second quarter and Vale said it’s reviewing annual guidance amid a strike at one of its complexes in Canada.

The Brazilian miner is set to release earnings on July 28.

(Updates with iron sales and nickel production)

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ROUYN-NORANDA, Quebec, July 19, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has optioned the 77-hectare, Eagle Gold Mine property located in Joutel township, Quebec to Maple Gold Mines Ltd.

Under the agreement, Maple has the option to pay $1,200,000, half in cash and half in shares, over a 5-year period to Globex and undertake $1,200,000 in exploration over 4 years in order to earn 100% interest in the Eagle Gold Mine property. The terms of the option are the following:

Globex will retain a 2.5% Gross Metal Royalty (GMR) of which 1% GMR may be purchased by Maple prior to commercial production for $1,500,000.

The Eagle Gold Mine adjoins the historic Telbel Gold Mine which together are reported to have produced 6,168,773 t grading 6.57 g/t Au. Historical resources at the Eagle Mine property are estimated at 277,710 t grading 5.83 g/t Au. (Source: SIGÉOM –Cogite number: 32E/08-0005).

Globex continues to hold a large package of claims in Joutel and adjoining Valrennes townships including the historic copper/zinc Poirier Mine which has reported production of 4,670,000 T grading 2.22% Cu and 748,000 T grading 5.58% Zn. A historical resource of 1,400,863 T grading 1.24% Cu and 9.77% Zn in the West and Q Zones, 300,000 T grading 8.05% Zn in the East lens and 534,000 T grading 2.5% Cu in the Main Zone are reported in a 1990 report by Bharti Engineering Associates Inc.

In addition, Globex owns the Joutel Copper Mine which produced 1,167,000 t grading 2.16% Cu between 1967 and 1975 and 372,400 t grading 8.88% Zn from 1972 and 1975 (Source: Dubé, 1993 – ET-90-12). In 1994, Aur Resources Inc. estimated a historic resource of 242,800 t grading 10.37% Zn (Source: Martin and Britt, 1994 – internal report, project # 16706). Globex also owns the Eagle Northwest property consisting of 11 kilometres of the Eagle /Telbel gold localizing horizon extending northwest from just beyond the Eagle Mine, and the historic Gagné mineralized area, located south of the Eagle Northwest property, where trench samples are reported to have returned 0.79 oz./t Au over 5 feet (27.09 g/t Au over 1.52 m), 0.44 oz./t Au over 5 feet (15.09 g/t Au over 1.52 m) and 0.52 oz./t Au over 5 feet (15.09 g/t Au over 1.52 m) (Source: Parent, 1981 – GM37949), and finally the Joutel P5 mineral occurrence where drill hole KR-96-08 returned a 2.21 metre intersection grading 7.86% Cu, 72.2 g/t Ag and 0.31 g/t Au (Source: Caillé, 1996 – GM54483).

The resources described above are historical and should not be relied upon. A qualified person has not done sufficient work for Globex to classify the historical estimates as current mineral resource under National Instrument 43-101 and CIM Standards for mineral resources and reserves.

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements.” These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.

For Immediate Release

Chicago, IL – July 19, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BHP Group BHP, Materion Corp. MTRN, Tronox Holdings plc TROX, MP Materials Corp. MP and Freeport-McMoRan Inc. FCX.

Here are highlights from Friday’s Analyst Blog:

U.S. Bulks Up Rare Earth Production: 5 Stocks to Track

According to the U.S. Geological Survey, China was responsible for 80% of rare earth imports in 2019. While the pandemic caused disruptions in the supply chain and exports fell short last year, China’s dominance over the rare earth market cannot be denied. After all, the country currently holds about 70% of the world’s known rare earth reserves.

The group of 17 elements is used in electric vehicles (EV), batteries, renewable energy systems and a wide range of electric appliances, ranging from smartphones, display panels, speakers, televisions and more. Cerium and neodymium are commonly used in smartphones, flat-screen TVs and LED lights as well as in F-35 fighter jets and missiles, radar and lasers by the U.S. Department of Defense. Elements like lanthanum are used in oil refining.

America is making an effort in upping its game in rare earth element production as several big trends are at play. President Joe Biden’s administration has massive investments planned in climate change technology, and rare earth elements are essential to this change. However, as the name suggests, these elements are not widely available, and extracting, processing and refining these elements entail several political and environmental issues.

Recently, Lynas Rare Earths Limited (LYSCF) received a $30-million grant from the U.S. government to open a new processing facility with Blue Line. The plant is one of the many rare earth production plants that Biden hopes to open in order to boost production and reduce reliance on China for the elements.

On Jul 13, the Senate Democrats reached an agreement on a $3.5-trillion budget plan that encompasses an expansion in Medicare, fund climate change initiatives and fulfill other parts of Biden’s economic agenda. The Democrats hope to pass this budget plan on top of a bipartisan infrastructure bill, which will surely aid the rare earth mining space.

As Biden plans to boost the EV market, supply-chain vulnerabilities might pose hindrances. In February, Biden ordered a federal review analysis of supply-chain vulnerabilities to make better investments in mines abroad and boost refining.

To address issues on groundwater and air pollution, as rare earth mining creates radioactive waste byproducts, the White House holds up an Initiative for Responsible Mining Assurance as a model for the mining industry. This model includes mining companies, unions and groups of advocates, and plans to create environmental and human rights principles for this industry.

In fact, it emphasizes getting prior and informed consent from Indigenous communities and local residents before mineral processing operations. Additionally, mining and processing companies have to arrange for the permanent disposal of toxic waste and build waste treatment facilities.

5 Stocks to Keep an Eye On

It may take America time to lower its reliance on China for rare earth elements but the new government funding will boost production which open up investment opportunities that investors should watch out for. Per a Valuates.com report, the global rare earth elements market size is projected to reach $3757.7 million by 2026, up from $2664.5 million in 2020, at a CAGR of 5.9%.

BHP Group engages in the exploration, development, and production of oil and gas properties, and also engages in mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. The company's expected earnings growth rate for the current year is more than 100% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%.

The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.7% upward over the past 60 days. BHP Group currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Materion Corp produces PVD rare earth elements for modern technologies and supports most major OEM thin film deposition platforms. The company's expected earnings growth rate for the ongoing year is 57.1% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%.

The Zacks Consensus Estimate for the company’s current-year earnings has been revised nearly 1% upward over the past 60 days. Materion holds a Zacks Rank #2 (Buy), at present.

Tronox operates titanium-bearing mineral sand mines, and beneficiation and smelting operations. The company's expected earnings growth rate for the current year is more than 100% compared with the Zacks Chemical – Diversified industry’s projected earnings growth of 27.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 6.7% upward over the past 60 days. Tronox presently carries a Zacks Rank #3 (Hold).

MP Materials engages in the ownership and operation of integrated rare-earth mining and processing facilities. This Zacks Rank #3 company's expected earnings growth rate for 2021 is 81.5% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised nearly 29% upward over the past 90 days.

Freeport-McMoRan engages in the mining of mineral properties. This Zacks Rank #3 company's estimated earnings growth rate for the ongoing year is more than 100% against the Zacks Mining – Non Ferrous industry’s projected earnings decline of 1.3%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 10.2% upward over the past 60 days.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                      

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Newmont Corporation’s NEM board recently approved the advancement of the Ahafo North Project to the execution stage. The project, exceeding the required internal rate of return (“IRR”), will be bringing profitable production from the best un-mined gold deposit in West Africa.

The Ahafo North Project includes four open-pit mines and the setting up of a stand-alone mill. The construction is expected to complete in the second half of 2023. At the current gold prices, production from the mine is expected to deliver more than 30% IRR.

It will also lead to the creation of approximately 1,800 jobs, with more than 550 permanent roles. The company aims to focus on the key aspect of achieving gender parity in the workforce after the commencement of operations.

There have been considerable engagements with traditional leaders, local and regional government agencies and also public stakeholder engagement meetings by the company. Stakeholders have backed the project’s infrastructure plans and permits necessary to begin construction.

The company remains dedicated to maintaining its stakeholder interaction by providing regular updates as the project proceeds. This will strengthen its social acceptance.

The full scope of funding will be deployed to high-impact activities, including but not limited to tasks like finalizing engineering and EPCM services, relocating of the national highway and support of additional resettlement activities, constructing and commissioning a 3.7-million-ton per annum plant, constructing a Tailings and Wastewater Management Storage Facility, and long-lead sourcing including the acquisition of 14 CAT 770 haul trucks.

Newmont noted that the project will expand its existing footprint in Ghana and add more than three million ounces of gold production over the initial 13-year mine life. It is committed to sustainably develop and operate the project to add value to its stakeholders.

Shares of Newmont have declined 3.8% over a year against the industry’s rise of 26%. Its earnings growth rate for the current year is pegged at 25.6%.

Image Source: Zacks Investment Research

In its first-quarter earnings call, the company said that it expects attributable gold production of 6.5 million ounces, gold cost applicable to sales (CAS) to be $750 per ounce and all-in sustaining costs (AISC) to be $970 per ounce. It also foresees an increase in gold production and is undertaking investments in its operating assets and other growth prospects.

Newmont Corporation Price and Consensus

Newmont Corporation price-consensus-chart | Newmont Corporation Quote

Zacks Rank & Stocks to Consider

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

Better-ranked stocks in the basic materials space include Glencore PLC GLNCY and Rio Tinto Group RIO, both sporting a Zacks Rank #1 (Strong Buy), and BHP Group BHP, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Glencore has a projected earnings growth rate of 296.7% for the current year. The company’s shares have appreciated 82.9% over a year.

Rio Tinto has a projected earnings growth rate of 124.3% for the current year. The company’s shares have grown 32.6% over a year.

BHP has a projected earnings growth rate of 192.5% for the current year. The company’s shares have gained 38.8% over a year.

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These are the materials stocks with the best value, fastest growth, and most momentum for August 2021.

• Underground mapping and sampling of historic workings has highlighted the geometry of the mineralized zones.

• Detailed structural mapping has highlighted important features to aid targeting.

• Drilling to start by the end of July.

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2021) – Mountain Boy Minerals Ltd. (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") announces that detailed structural mapping as well as underground mapping and sampling on the American Creek project is underway. Drilling is anticipated to begin before month-end.

The American Creek Project is a 2,600 hectare property centered on the past-producing Mountain Boy silver (MB-Ag) mine, located 20 kilometres north of Stewart in BC's Golden Triangle.

Detailed structural mapping has concentrated around the mineralized showings on the American Creek project, including the High-Grade Zone. Results from this mapping suggests that the High-Grade Zone mineralization is related to an interpreted shallow westward dipping thrust fault and east west steeply dipping cross-cutting structures. It is postulated that the best mineralization occurs at the intersection of these two structures and future drilling will test this hypothesis.

Geologists have been working with a mountain guide mapping the cliffs around the MB-Ag mine. This has resulted in the discovery of several new mineralized showings to the north. The mineralization appears to be within the same stratigraphic horizon as the High-Grade Zone and is cut by similar steeply dipping cross structures. Several samples have been collected from the new showings and assays are pending.

A mining shift boss has been hired to evaluate and monitor the condition and safety of the underground workings and geologists are currently mapping and sampling several adits. There are 720 metres of underground workings and access will provide the opportunity to analyze the controlling structures, host lithologies and mineralization in three dimensions prior to drilling.

The upcoming drill program is targeting four areas; the High-Grade zone, the newly discovered extension of the High-Grade zone, the Four Bees zone and the Maybee zone to the north. Drilling of the High-Grade zone will be at a different azimuth with the intention of testing the intersection of the shallow westward dipping thrust fault and the east-west cutting cross structures.

Telegraph Project

The first phase of a field program was carried out on the Company's Telegraph project. Field crews conducted mapping and sampling and also examined the 2014 drill core. Mountain Boy's Telegraph project now has a compiled and digitized data set of historic work and a newly acquired fine resolution satellite orthophoto, both of which help with mapping structural and geochemical trends.

Mountain Boy is collaborating with the Geological Survey of Canada, the British Columbia Geological Survey and the Mineral Deposit Research Unit at the University of British Columbia in an upcoming research program. The research is part of the, "Targeted Geoscience Initiative," a program that is fully funded until 2025 and focused on critical elements, including copper (https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/critical-minerals/23414). Additional samples from drill core were taken to be analyzed by short wave infrared radiation (SWIR) at MDRU. This analysis will help in the evaluation of the alteration assemblage of the drill core and with vectoring for future potential drilling.

Lucia Theny, Vice President Exploration, commented: "I am very excited to collaborate with the GSC, BCGS and MDRU as their expertise and advanced analytical methods will be tremendously helpful for the next stage of exploration on the project."

About Mountain Boy Minerals

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

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

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

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

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

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

6. The Telegraph project, acquired in May 2021, has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle.

Mountain Boy is funded for the coming field season and plans to advance these projects, including drilling on select project(s).

The technical disclosure in this release has been read and approved by Andrew Wilkins, B.Sc., P.Geo., a qualified person as defined in National Instrument 43-101.

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Nancy Curry
VP Corporate Development
(604) 220-2971

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90503

St. Paul, Minnesota–(Newsfile Corp. – July 19, 2021) – Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) (together PolyMet or the company), issued the following statement regarding today's Minnesota Court of Appeals decision remanding the Company's air permit to the Minnesota Pollution Control Agency for additional explanation supporting its permitting decision.

While disappointed in the court's decision, we stand firmly in our belief that the Minnesota Pollution Control Agency appropriately accounted for the potential effects of the NorthMet Project and will expeditiously provide the supporting explanation requested by the court.

The facts and science that prove the project can meet air quality standards are not in doubt. Copper, nickel, palladium and cobalt are high demand metals for infrastructure projects and the production of electric vehicles and renewable and clean energy technologies including solar panels, wind turbines and batteries. These mineral resources need to be mined to support future clean energy and electric mobility technologies consistent with the priorities of the Biden Administration and as outlined in a June 2021 White House report on vulnerabilities within essential supply chains. Critical minerals such as those PolyMet will produce and large capacity batteries were two of the vulnerabilities identified in the 250-page report.

* * * * *

About PolyMet

PolyMet is a mine development company that owns 100% of the NorthMet Project, the first large-scale project to have received permits within the Duluth Complex in northeastern Minnesota, one of the world's major, undeveloped mining regions. NorthMet has significant proven and probable reserves of copper, nickel and palladium – metals vital to global carbon reduction efforts – in addition to marketable reserves of cobalt, platinum and gold. When operational, NorthMet will become one of the leading producers of nickel, palladium and cobalt in the U.S., providing a much needed, responsibly mined source of these critical and essential metals.

Located in the Mesabi Iron Range, the project will provide economic diversity while leveraging the region's established supplier network and skilled workforce, and generate a level of activity that will have a significant effect in the local economy. For more information: www.polymetmining.com.

For further information, please contact:

Media
Bruce Richardson, Corporate Communications
Tel: +1 (651) 389-4111
brichardson@polymetmining.com

Investor Relations
Tony Gikas, Investor Relations
Tel: +1 (651) 389-4110
investorrelations@polymetmining.com

PolyMet Disclosures

This news release contains certain forward-looking statements concerning anticipated developments in PolyMet's operations in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding the ability to receive environmental and operating permits, job creation, and the effect on the local economy, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.

PolyMet's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations and opinions should change.

Specific reference is made to risk factors and other considerations underlying forward-looking statements discussed in PolyMet's most recent Annual Report on Form 40-F for the fiscal year ended December 31, 2020, and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission.

The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.

No regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90639

VANCOUVER, BC, July 19, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX) ("FPX" or the "Company") is pleased to announce the appointment of Randy MacGillivray as the Company's Manager, Environment and Government Affairs. Mr. MacGillivray, formerly Regional Manager, Environment and Regulatory Affairs for Centerra Gold, will support FPX's senior leadership in managing the environmental, community and government engagement efforts of the Company's PEA-stage Decar Nickel District in central British Columbia.

"We are happy to add Randy to our fast-growing team and look forward to drawing on his deep experience in managing environmental and community engagement efforts for mining operations in British Columbia," commented Martin Turenne, FPX Nickel's President and CEO. "Randy has a strong track record of respective and collaborative engagement with First Nations governments on several B.C. projects and mines, and has played a hands-on management role in advancing projects through the environmental assessment and permitting process both in B.C. and abroad. As we move our flagship Baptiste project toward a preliminary feasibility study, he will play a critical role in ensuring the Company maintains a high standard of environmental stewardship and mutually beneficial collaboration with our First Nations partners."

Mr. MacGillivray has over 25 years' experience in permitting and community consultation and engagement activities at mining projects and operations in British Columbia and abroad. In his previous role at Centerra Gold's Mount Milligan Mine and Kemess project in British Columbia, he was responsible for negotiating, implementing and maintaining compliance with Impact Benefit Agreement commitments and Environmental Assessment Certificate conditions. This experience included developing and leading joint implementation and environmental management committees with impacted First Nations in central and northern B.C. Prior to joining Centerra, Mr. MacGillivray occupied several senior environmental and community engagement roles in the mining industry, including as Director, Environment and Sustainability for Thompson Creek Metals Company, as Manager, Environment for Coeur Mining and as Environmental Superintendent for Barrick Gold's Eskay Creek and Snip Mines in northwestern B.C. Mr. MacGillivray holds a Bachelor of Science in Geology from the University of British Columbia.

FPX has granted 250,000 stock options to Mr. MacGillivray. The stock options have an exercise price of $0.50 per share and will expire on July 19, 2026.

About the Decar Nickel District

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

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

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

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

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600 or ceo@fpxnickel.com.

On behalf of FPX Nickel Corp.

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

Forward-Looking Statements

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

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

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/19/c5339.html

VANCOUVER, British Columbia, July 19, 2021 (GLOBE NEWSWIRE) — Mr. Ashwath Mehra reports that ASTOR Management AG, a company that he controls, purchased on July 16, 2021 6,668,000 common shares (“Common Shares”) of Fancamp Exploration Ltd. (“Fancamp”) through the TSX Venture Exchange at $0.125 per share for total consideration paid of $833,500.

The purchase of 6,668,000 Common Shares represents Mr. Mehra’s acquisition of beneficial ownership and control of an additional 3.8% of the outstanding Common Shares. Immediately prior to the purchase of the Common Shares, Mr. Mehra had beneficial ownership and control of 24,750,000 Common Shares, representing 14.0% of the outstanding Common Shares. Mr. Mehra currently has beneficial ownership and control of 31,418,000 Common Shares, representing 17.8% of the outstanding Common Shares.

Mr. Mehra has acquired the Common Shares for investment and may acquire additional Common Shares or dispose of Common Shares (through market or private transactions) from time to time.

A copy of the related early warning report may be obtained from the SEDAR website (www.sedar.com) or from Mr. Mehra by telephone at +41 41 544 5100.

The head office of Fancamp is 7290 Gray Avenue, Burnaby, BC, V5J 3Z2.

“Ashwath Mehra”

ASHWATH MEHRA

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. Indeed, Legacy Iron Ore (ASX:LCY) stock is up 433% in the last year, providing strong gains for shareholders. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So notwithstanding the buoyant share price, we think it's well worth asking whether Legacy Iron Ore's cash burn is too risky. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

See our latest analysis for Legacy Iron Ore

How Long Is Legacy Iron Ore's Cash Runway?

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. In March 2021, Legacy Iron Ore had AU$10m in cash, and was debt-free. In the last year, its cash burn was AU$2.8m. That means it had a cash runway of about 3.7 years as of March 2021. There's no doubt that this is a reassuringly long runway. Depicted below, you can see how its cash holdings have changed over time.

How Is Legacy Iron Ore's Cash Burn Changing Over Time?

Whilst it's great to see that Legacy Iron Ore has already begun generating revenue from operations, last year it only produced AU$321k, so we don't think it is generating significant revenue, at this point. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. Over the last year its cash burn actually increased by a very significant 59%. Oftentimes, increased cash burn simply means a company is accelerating its business development, but one should always be mindful that this causes the cash runway to shrink. Admittedly, we're a bit cautious of Legacy Iron Ore due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Easily Can Legacy Iron Ore Raise Cash?

While Legacy Iron Ore does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Legacy Iron Ore has a market capitalisation of AU$102m and burnt through AU$2.8m last year, which is 2.7% of the company's market value. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

So, Should We Worry About Legacy Iron Ore's Cash Burn?

It may already be apparent to you that we're relatively comfortable with the way Legacy Iron Ore is burning through its cash. For example, we think its cash runway suggests that the company is on a good path. Although its increasing cash burn does give us reason for pause, the other metrics we discussed in this article form a positive picture overall. Looking at all the measures in this article, together, we're not worried about its rate of cash burn; the company seems well on top of its medium-term spending needs. Separately, we looked at different risks affecting the company and spotted 4 warning signs for Legacy Iron Ore (of which 1 doesn't sit too well with us!) you should know about.

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

This article by Simply Wall St is general in nature. 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.

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying or selling shares in Aurelia Metals Limited (ASX:AMI).

What Is Insider Selling?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, most countries require that the company discloses such transactions to the market.

We don't think shareholders should simply follow insider transactions. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.

View our latest analysis for Aurelia Metals

Aurelia Metals Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director Robert Vassie for AU$100k worth of shares, at about AU$0.40 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.47. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Aurelia Metals insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Aurelia Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Aurelia Metals insiders own 3.4% of the company, worth about AU$20m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Aurelia Metals Insider Transactions Indicate?

The fact that there have been no Aurelia Metals insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Aurelia Metals and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aurelia Metals. Case in point: We've spotted 3 warning signs for Aurelia Metals you should be aware of.

Of course Aurelia Metals may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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

This article by Simply Wall St is general in nature. 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.

(Updates with Samarco comments)

SAO PAULO, July 16 (Reuters) – Creditors in bankrupt miner Samarco Mineracao SA, a joint venture between Vale SA and BHP Group PLC, objected to the company's restructuring plan on Thursday, according to a court document.

Creditors said the plan's main goal is to protect Samarco's giant shareholders, Vale and BHP, and reduce future payments to creditors.

They also rejected Samarco's offer to apply an 85% haircut to all creditors, including shareholders Vale and BHP, which extended 24 billion reais in loans to the company. Payments would occur in 2041.

Creditors said both Vale and BHP, as shareholders, should be paid only after all other creditors fully recover their money. They also questioned if both giant companies should recover any value as creditors consider that both miners are co-debtors.

They also refused Samarco's offer to swap their debt into shares in the company.

"It is unacceptable that a restructuring plan of a company controlled by the world's biggest miners outlines an outright (and illegal) debt forgiveness to create value for its multimillionaire shareholders, which are also responsible for Brazil's biggest environmental disaster," creditors said in the court document.

The collapse of a dam at the Samarco mine complex in 2015 killed 19 people, severely polluted the Doce River with mining waste and led the company into financial trouble.

Creditors have proposed Samarco, Vale and BHP pay in three equal parts for all damage caused by the rupture of the dam, creditors lawyers Paulo Padis and Marcos Pitanga said in an interview. That contrasts with Samarco's restructuring plan, which proposes the company pay for the damage entirely.

Both creditors and Samarco said they have recently signed confidentiality deals to start negotiations.

Samarco said in a statement that the proposed restructuring plan takes into consideration the company's financials and aims at keeping payments to repair damage caused by the disaster. It added creditors have not presented any alternative plan so far.

(Reporting by Carolina Mandl; Editing by Sam Holmes and Nick Macfie)

According to the U.S. Geological Survey, China was responsible for 80% of rare earth imports in 2019. While the pandemic caused disruptions in the supply chain and exports fell short last year, China’s dominance over the rare earth market cannot be denied. After all, the country currently holds about 70% of the world’s known rare earth reserves.

The group of 17 elements is used in electric vehicles (EV), batteries, renewable energy systems and a wide range of electric appliances, ranging from smartphones, display panels, speakers, televisions and more. Cerium and neodymium are commonly used in smartphones, flat-screen TVs and LED lights as well as in F-35 fighter jets and missiles, radar and lasers by the U.S. Department of Defense. Elements like lanthanum are used in oil refining.

America is making an effort in upping its game in rare earth element production as several big trends are at play. President Joe Biden’s administration has massive investments planned in climate change technology, and rare earth elements are essential to this change. However, as the name suggests, these elements are not widely available, and extracting, processing and refining these elements entail several political and environmental issues.

Recently, Lynas Rare Earths Limited (LYSCF) received a $30-million grant from the U.S. government to open a new processing facility with Blue Line. The plant is one of the many rare earth production plants that Biden hopes to open in order to boost production and reduce reliance on China for the elements. On Jul 13, the Senate Democrats reached an agreement on a $3.5-trillion budget plan that encompasses an expansion in Medicare, fund climate change initiatives and fulfill other parts of Biden’s economic agenda. The Democrats hope to pass this budget plan on top of a bipartisan infrastructure bill, which will surely aid the rare earth mining space.

As Biden plans to boost the EV market, supply-chain vulnerabilities might pose hindrances. In February, Biden ordered a federal review analysis of supply-chain vulnerabilities to make better investments in mines abroad and boost refining. To address issues on groundwater and air pollution, as rare earth mining creates radioactive waste byproducts, the White House holds up an Initiative for Responsible Mining Assurance as a model for the mining industry. This model includes mining companies, unions and groups of advocates, and plans to create environmental and human rights principles for this industry. In fact, it emphasizes getting prior and informed consent from Indigenous communities and local residents before mineral processing operations. Additionally, mining and processing companies have to arrange for the permanent disposal of toxic waste and build waste treatment facilities.

5 Stocks to Keep an Eye on

It may take America time to lower its reliance on China for rare earth elements but the new government funding will boost production which open up investment opportunities that investors should watch out for. Per a Valuates.com report, the global rare earth elements market size is projected to reach $3757.7 million by 2026, up from $2664.5 million in 2020, at a CAGR of 5.9%.

BHP Group BHP engages in the exploration, development, and production of oil and gas properties, and also engages in mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. The company's expected earnings growth rate for the current year is more than 100% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.7% upward over the past 60 days. BHP Group currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Materion Corporation MTRN produces PVD rare earth elements for modern technologies and supports most major OEM thin film deposition platforms. The company's expected earnings growth rate for the ongoing year is 57.1% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised nearly 1% upward over the past 60 days. Materion holds a Zacks Rank #2 (Buy), at present.

Tronox Holdings plc TROX operates titanium-bearing mineral sand mines, and beneficiation and smelting operations. The company's expected earnings growth rate for the current year is more than 100% compared with the Zacks Chemical – Diversified industry’s projected earnings growth of 27.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 6.7% upward over the past 60 days. Tronox presently carries a Zacks Rank #3 (Hold).

MP Materials Corp. MP engages in the ownership and operation of integrated rare-earth mining and processing facilities. This Zacks Rank #3 company's expected earnings growth rate for 2021 is 81.5% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised nearly 29% upward over the past 90 days.

Freeport-McMoRan Inc. FCX engages in the mining of mineral properties. This Zacks Rank #3 company's estimated earnings growth rate for the ongoing year is more than 100% against the Zacks Mining – Non Ferrous industry’s projected earnings decline of 1.3%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 10.2% upward over the past 60 days.

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It’s never easy to pick stocks to buy for the second half of a calendar year. That’s especially true when the markets are hotter than a pistol — which they are in 2021.

As of July 14, the S&P 500 was up 18.31% year-to-date (YTD). That’s an annualized return of almost 34%. Since 1928, the index has done better on just six occasions, the last being in 1995.

Ultimately, I want to give suggestions that can make money for readers over the long haul and not just the remaining five months of this year.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

With that in mind, a strategy based on 10 momentum stocks could backfire if the markets cool off in the second half. But on the other hand, if I go with 10 tried-and-true stocks and the markets stay hot, you’re likely to underperform relative to the index.

• 
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Therefore, I’ll try to have my cake and eat it too. These 10 stocks have high free cash flow (FCF) yields and are trading at or near the index’s YTD return:

• BHP Group (NYSE:BHP)

• ViacomCBS (NASDAQ:VIAC)

• Columbia Sportswear (NASDAQ:COLM)

• Nomad Foods (NYSE:NOMD)

• TechnipFMC (NYSE:FTI)

• Orix Corporation (NYSE:IX)

• Jazz Pharmaceuticals (NASDAQ:JAZZ)

• Masonite International (NYSE:DOOR)

• Paramount Group (NYSE:PGRE)

• Genpact (NYSE:G)

Stocks to Buy: BHP Group (BHP)

Source: Shutterstock

As with all my stock galleries, I try to provide sector diversification. I would like to load up on stocks in industries I enjoy, such as the consumer cyclical or consumer defensive sectors. But as my dad used to say — and he was generally an optimist — “Life is to be endured.” So, I endure by selecting a materials stock.

BHP Group is the world’s largest mining conglomerate. Based in Australia, it has a YTD return of 15% and an FCF yield of 5.6%. As for BHP stock’s rating, of the 15 analysts that cover it, nine rate it as either a buy or overweight. Only two rate it as underweight or an outright sell.

For the trailing 12 months (TTM) ended March 31, BHP had $46.3 billion in revenue. That’s higher than it’s been at any point in the past three years. Over the same period, the company has seen $16.6 billion in operating income.

I consider companies with FCF yields between 4% and 8% to be very attractive long-term investments.

ViacomCBS (VIAC)

Source: Jer123 / Shutterstock.com

The media conglomerate’s stock has gathered speed in the past three months. In that time, VIAC shares have risen 4% in response to rumors that the company may be the subject of a bid by Comcast (NASDAQ:CMCSA).

The main attraction for Comcast would be ViacomCBS’ Paramount+ streaming service. The telecommunications company has its own streaming unit, Peacock, as part of its NBCUniversal media conglomerate. Combining both services would put Comcast in a good position to capture the coveted number-three spot in the lucrative streaming industry.

Paramount+ is adding several items to its streaming repertoire this summer. Most notably, the service will stream hundreds of live soccer-related events like the Men’s Concacaf World Cup Qualifiers.

Tom Ryan, president and chief executive officer of ViacomCBS Streaming, said, “The breadth and depth of premium feature films and exclusive series coming to the service further strengthens our position in the market as a premium entertainment destination and, by offering this compelling content portfolio at an all-new low cost, makes us even more accessible to a wide consumer audience.”

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When you consider the boost Disney (NYSE:DIS) has gotten from Disney+, ViacomCBS executives have good reason to be excited.

Stocks to Buy: Columbia Sportswear (COLM)

Source: Ekaterina_Minaeva / Shutterstock.com

On average, the 12 analysts covering COLM stock rate it overweight with a 12-month target price of $127. That’s 28% upside at current prices.

In April, COLM stock hit its all-time high of $114.98. Up nearly 25% over the past year, CEO Timothy Boyle must be very happy with its run of late. Boyle’s shares are now worth $2.3 billion.

The board of directors could use a few more women — of the nine members, just two are female. It could also benefit from a few younger members, as the average director’s age is 68. But there’s no doubt that they are a group of very talented individuals.

Normally I’m not a fan of boards that are particularly ancient, especially when it comes to consumer-facing products such as apparel and footwear. But in Columbia’s case, the proof is in the pudding.

The company has managed to produce returns for shareholders in recent years. I see good things happening in the long term for investors in COLM stock.

Nomad Foods (NOMD)

Source: defotoberg / Shutterstock.com

If you haven’t heard of Nomad, it’s the largest frozen food company in Europe. In the U.S., the company is the third-largest of its kind, with Nestle (OTCMKTS:NSRGY) and Conagra Brands (NYSE:CAG) in the top two spots.

In March, Nomad announced that it will acquire Fortenova’s frozen food business. The company’s Ledo and Frikom brands are well-known to consumers in Central and Eastern Europe. Nomad paid 615 million Euros ($726 million) for the frozen food group. That’s less than 10 times the group’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA).

Nomad’s Green Cuisine brand is Europe’s fastest-growing frozen meat-free brand. In 2020, its retail sales grew by 299%. That’s almost five times faster than Beyond Meat (NASDAQ:BYND), which saw 65% growth in the same timeframe.

Another reason to like Nomad is that Sir Martin Franklin owns 7.4% of its stock. Franklin is a company builder with a success rate matched by few others.

As for the analysts’ perspective, 10 cover NOMD stock, with nine rating it a buy and one rating it overweight. They list a median target price of $28.66. I think we’ll see a bunch of revisions for this stock in the next few months.

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Nomad’s TTM FCF is $410.6 million. Based on a market cap of $4.9 billion, it has an FCF yield of 8.4%. I consider that to be value territory.

Stocks to Buy: TechnipFMC (FTI)

Source: abu emran / Shutterstock.com

If we were talking about weaknesses in stock coverage, the energy sector would be at the top of the list. I don’t see the point in covering businesses that probably won’t exist in a decade or two.

TechnipFMC was created during the January 2017 merger of FMC Technologies and Technip. The combination created a global leader in subsea and surface technologies. TechnipFMC also provides services to oil and gas exploration and production companies.

In the first quarter of 2021, the company’s subsea operations generated revenue of $1.39 billion, an 11% increase from last year. TechnipFMC’s subsea operations account for 85% of its overall revenue and has a backlog of $6.86 billion.

In 2021, the company expects to see revenue of at least $6.05 billion with an EBITDA margin in the low double digits.

In Q1, it had an FCF of $137 million. For the TTM ended March 31, its FCF was $620 million, implying an FCF yield of 18%.

I’m not a fan of energy stocks, but it’s hard not to notice FTI stock’s value at current prices.

Orix Corporation (IX)

Source: shutterstock.com/CC7

It’s always nice to be able to include a stock that I’ve previously recommended. In the case of Orix, I suggested investors take a look at the Japanese diversified financial services company in May 2020.

I recommended Orix partially because of its U.S. division, which has its hands in all kinds of financial pies. It manages more than $70 billion in assets.

Fast forward to today, and IX stock is up 48% over the past 14 months. Its momentum doesn’t look like it will slow in the second half of 2021.

I believe this despite the fact that fiscal 2021 wasn’t one of the company’s best years on record. On the top line, revenue grew by less than 1% to 2.293 trillion Japanese Yen ($20.7 billion). Its pre-tax income fell 30% to 287.5 billion Japanese Yen ($2.6 billion).

There are a lot of moving parts in Orix’s business. For example, Orix USA’s revenue was up 2% in 2021, but its segment profits fell 23%. The latter decline was primarily due to the sale of equity ownership in Houlihan Lokey (NYSE:HLI) in fiscal 2020.

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I suggest you visit Orix’s various sites, including its investor relations page. It’s a diamond in the rough.

Stocks to Buy: Jazz Pharmaceuticals (JAZZ)

Source: Michael Vi / Shutterstock.com

If there’s one thing I like to see from most non-financial stocks, it’s strong free cash flow.

Jazz Pharmaceuticals, a developer of medicines for neuroscience and oncology-related treatments, has excellent FCF. In the trailing 12 months, it had $750 million in FCF and an FCF yield of 6.8%.

Many cannabis investors jumped on JAZZ stock after the company acquired GW Pharmaceuticals in May for $7.6 billion in cash and stock.

GW’s cannabis-based medication Epidiolex treats children with rare types of early-onset epilepsy. In 2020, revenue from Epidiolex grew by 73% to $511 million. This growth, in addition to the company’s sleep disorder medicine Xyrem, shows that Jazz has the makings of a major player in the drug development industry.

Of the 17 analysts covering JAZZ, 15 rate it a buy, one rates it overweight, and one rates it a hold. In their eyes, it’s a clear buy with a target price of $208.82.

Masonite International (DOOR)

Source: David Papazian / Shutterstock

It wouldn’t be a proper gallery from a Canadian writer if it didn’t have a Canadian company in its midst. Masonite, a Toronto-based manufacturer of doors, fits the bill nicely.

Masonite’s history dates back to 1925, but the Canadian connection didn’t happen until 1999. That’s when Premdor Inc. entered into a strategic alliance with Masonite Corp., then owned by International Paper (NYSE:IP). A year later, Premdor acquired Masonite from IP for $523 million. Once the acquisition closed, the Premdor name was replaced with Masonite.

Masonite had sales of $301 million in 1999. In 2020, they were $2.26 billion with a TTM FCF of $230 million and an FCF yield of 8.5%.

As for Masonite’s business, it generates 73% of its sales from the North American residential market. Europe accounts for another 11% of sales, and its architectural business is responsible for the rest.

It is one of only two vertically integrated residential interior door manufacturers in North America. New residential construction accounts for 45% of its North American sales, while the renovation market accounts for the remaining 55%.

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The company is continuing to grow its margins. In 2015, its adjusted EBITDA margin was 10.9%. Today, it’s over 16%. That’s how you grow free cash flow.

Stocks to Buy: Paramount Group (PGRE)

Source: ImageFlow/shutterstock.com

Paramount Group is a real estate investment trust (REIT) focused on owning the best assets in the best markets and providing top-notch service for tenants.

Founded in 1978, it owns properties in New York, San Francisco and Washington, D.C. Its 19 assets are valued at approximately $13.5 billion. These properties cover 13.9 million square feet of leasable space and generate $358 million in annualized cash net operating income.

New York City accounts for 70% of the REIT’s gross asset value and 62% of its leasable square feet.

While the REIT’s office real estate accounts for a concerning 96% of its revenue, the quality of its properties enables it to charge top dollar rents compared to its peers. Further, none of its largest tenants accounts for more than 4.5% of its annual rent. Most importantly, 32% of its leases will not expire until 2031 or thereafter.

Despite Covid-19 affecting its business, Q1 2021 saw the REIT deliver $50.6 million in core funds from operations. That was down from $61.5 million a year ago, but still very positive. As re-openings accelerate, its earnings will too.

Genpact (G)

Source: Shutterstock

Genpact helps Global Fortune 500 companies transform their digital operations to deliver a world that works better for people.

In the first quarter, all Genpact’s financial metrics exceeded expectations. Revenues grew 1%, excluding currency, to $946 million while adjusted earnings per share rose 11% to 59 cents.

For all of 2021, Genpact expects revenue of at least $3.93 billion, 5% higher than last year, with an adjusted EPS of $2.27.

A real-world example of Genpact’s work is its partnership with Envision Virgin Racing, a Formula E racing team. The partnership aims to make the team’s electric vehicles as efficient as possible during Formula E races.

“Genpact’s technology helps Envision Virgin Racing do this with data analytics and augmented intelligence — the combination of machine-generated insights and human know-how, context, and experience — that engineers, drivers, and pit crew rely on during races to make quick decisions and shift strategies,” Fast Company reported on July 12.

Now, multiply this by hundreds of companies across many different industries, and you have the makings of a successful business services provider.

Genpact currently has an FCF yield of 6.7%, which can provide investors with an excellent entry point.

On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.

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Rio Tinto plc’s (RIO) iron ore shipments in the second quarter of 2021 declined 12% year over year to 76.3 million tons (Mt) as storms affected its West Australian operations. This takes total iron ore shipped by the company to 154.1 Mt for the first half of 2021, which reflects a 3% drop year over year. Iron production in the first half of 2021 came in 5% lower than the prior year, due to weather and labor constraints. Both shipments and production reported by the company in the first half of 2021 marks its weakest performance since 2015.

Iron ore production in the second quarter was down 9% year over year to 75.9 Mt. The company stated that the shortfall was due to above average rainfall in the West Pilbara, shutdowns to enable replacement mines to be tied in, processing plant availability and cultural heritage management. In the first quarter, the company’s iron production dipped 2% to 76.4 Mt on account of above average wet weather in the mines through February, and fixed plant reliability and labor resource availability. Ongoing travel restrictions due to COVID-19 and a tight labor market in Western Australia have been impacting the company’s ability to access experienced contractors and particular skill sets. Overall, in the first half of 2021, the company has produced 152.3 Mt of iron ore, which is 5% lower than the prior year comparable period.

Rio Tinto raised its iron ore production cost guidance for 2021 citing higher input costs (diesel and labor), costs related to mine heritage management as well as COVID-19 related expenses. The company has so far incurred around $100 million of COVID-19 related costs.

Due to this underperformance, Rio Tinto now expects to ship near the lower end of its range of its previous guidance of 325 Mt to 340 Mt in 2021. The company stated that the guidance remains subject to weather conditions, tie-in and ramp up of brownfield replacement mines, and ongoing cultural heritage management. The labor constraints also persist and will continue to impact operations. Brazilian miner Vale S.A VALE had reported a 14.2% year-over-year increase in its first quarter 2021 iron ore production to 68 Mt courtesy of the company’s ongoing operational stabilization and resumption plan. It is set to release its second-quarter production report on Jul 19, 2021. The company’s iron ore production guidance for 2021 is in the range of 315 Mt to 335 Mt. Meanwhile, BHP Group BHP anticipates producing between 245 Mt and 255 Mt of iron ore in fiscal 2021.

These companies will benefit from higher iron ore prices this year. Iron ore prices have gained around 40% so far this year and are currently trending above $220 per ton. Prices had hit a record high of $232 on May 12 on declining stockpiles and concerns over supply. Meanwhile, iron ore demand from China is benefiting from rise in infrastructure spending and renewed vigor in manufacturing activity. Despite the China government’s efforts to curb steel output to reduce carbon emissions, demand for iron ore showed resilience as mills that were not subject to output curbs continued to ramp up production. Healthy profit margins buoyed by higher demand and a rally in steel prices have led to a rise in production.

The World Steel Association projects steel demand to grow 5.8% in 2021 and reach 1,874 Mt. China's steel demand is expected to improve 3% this year. Further, the ongoing recovery in automotive and constructions sectors across the world will drive demand for steel and thereby for iron ore. In the United States, massive government spending to rebuild infrastructure including railroads, highways and bridges will significantly boost steel demand, thus fueling the requirement of more iron ore.

Image Source: Zacks Investment Research

In the past year, shares of Rio Tinto have gained 38.8%, compared with the industry’s rally of 31.2%.

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

Another top-ranked stock in the basic materials space is Nucor Corporation NUE which flaunts a Zacks Rank #1.

Nucor has a projected earnings growth rate of 259.9% for the current year. The company’s shares have soared around 131% over the past year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Rio Tinto PLC (RIO) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

VALE S.A. (VALE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

(Adds BHP, Vale comments, photo)

By Carolina Mandl

SAO PAULO, July 16 (Reuters) – Creditors of bankrupt miner Samarco Mineracao SA, a joint venture between Vale SA and BHP Group Plc, objected to the company's restructuring plan on Thursday, according to a court document.

Creditors said the plan's main goal is to protect Samarco's giant shareholders, Vale and BHP, and reduce future payments to creditors.

They also rejected Samarco's offer to apply an 85% haircut to all creditors, including shareholders Vale and BHP, which extended 24 billion reais in loans to the company. Debt payments to creditors would occur in 2041.

Creditors said both Vale and BHP, as shareholders, should be paid only after all other creditors fully recover their money. They also questioned if both giant companies should recover any value as creditors consider that both miners are co-debtors.

They also refused Samarco's offer to swap their debt for shares in the company.

"It is unacceptable that a restructuring plan of a company controlled by the world's biggest miners outlines an outright (and illegal) debt forgiveness to create value for its multimillionaire shareholders, which are also responsible for Brazil's biggest environmental disaster," creditors said in the court document.

They referred to the collapse of a dam at the Samarco mine complex in 2015 that killed 19 people, severely polluted the Doce River with mining waste and led the company into financial trouble.

Creditors have proposed Samarco, Vale and BHP pay in three equal parts for all damage caused by the rupture of the dam, creditors lawyers Paulo Padis and Marcos Pitanga said in an interview. That contrasts with Samarco's restructuring plan, which proposes the company pay for the damage entirely.

Creditors and Samarco have recently signed confidentiality agreements to start negotiations.

Samarco and Vale said in separate statements that the proposed restructuring plan takes into consideration the company's financials and aims at keeping payments to repair damage caused by the disaster.

BHP said loans extended to Samarco to allow its continuity in the last five years were at terms similar to credit lines taken by the miner before the disaster.

Samarco added creditors have not presented any alternative plan so far.

(Reporting by Carolina Mandl; Editing by Nick Macfie and Steve Orlofsky)

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of BHP Group (ASX:BHP) stock is up an impressive 169% over the last five years. We note the stock price is up 4.8% in the last seven days.

See our latest analysis for BHP Group

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the last half decade, BHP Group became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. We can see that the BHP Group share price is up 58% in the last three years. During the same period, EPS grew by 14% each year. This EPS growth is reasonably close to the 16% average annual increase in the share price (over three years, again). So one might argue that investor sentiment towards the stock hss not changed much over time. Rather, the share price has approximately tracked EPS growth.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

This free interactive report on BHP Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of BHP Group, it has a TSR of 253% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

A Different Perspective

We're pleased to report that BHP Group shareholders have received a total shareholder return of 43% over one year. That's including the dividend. That's better than the annualised return of 29% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. 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 BHP Group you should be aware of, and 1 of them is a bit unpleasant.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

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

This article by Simply Wall St is general in nature. 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.

TORONTO, July 16, 2021 /CNW/ – Today Rio Tinto released its operations review for the second quarter ending June 30, 2021, which included Iron Ore Company of Canada (IOC) production and sales information. Specifically, Rio Tinto announced that in the second quarter of 2021, IOC had total saleable iron ore production of 4.63 million tonnes, comprised of 2.67 million tonnes of pellets and 1.97 million tonnes of concentrate for sale (CFS). Rio Tinto also announced that IOC had total iron ore sales in the second quarter of 2021 of 4.01 million tonnes, comprised of 2.22 million tonnes of pellets and 1.79 million tonnes of CFS. Comparisons to prior quarters and Rio Tinto's commentary on the changes can be found in Rio Tinto's quarterly operational report which is posted on their website. Please note that the IOC sales tonnages are calculated slightly differently for the LIORC Royalty.

LIORC will be releasing its full second quarter report after the market close on August 5, 2021.

About Labrador Iron Ore Royalty Corporation

The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

Forward-Looking Statements
This press release may contain "forward-looking" statements that involve risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Words such as "may", "will", "expect", "believe", "plan", "intend", "should", "would", "anticipate" and other similar terminology are intended to identify forward-looking statements. These statements reflect current assumptions and expectations regarding future events and operating performance as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly, including iron ore price and volume volatility, exchange rates, the performance of IOC, market conditions in the steel industry, mining risks and insurance, relationships with indigenous groups, natural disasters, severe weather conditions and public health crises, changes affecting IOC's customers, competition from other iron ore producers, estimates of reserves and resources, government regulation and taxation and cybersecurity. A discussion of these factors is contained in LIORC's annual information form dated March 4, 2021 under the heading, "Risk Factors". Although the forward-looking statements contained in this press release are based upon what management of LIORC believes are reasonable assumptions, LIORC cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and LIORC assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances. This press release should be viewed in conjunction with LIORC's other publicly available filings, copies of which can be obtained electronically on SEDAR at www.sedar.com.

SOURCE Labrador Iron Ore Royalty Corporation

View original content: http://www.newswire.ca/en/releases/archive/July2021/16/c6030.html

CRANBROOK, BC / ACCESSWIRE / July 15, 2021 / Eagle Plains Resources (TSXV:EPL), ("EPL") has been notified by partner Rex Resources Corp. (OWN) that diamond drilling activities have commenced on EPL's 100% owned Kalum Property located approximately 35 km northwest of Terrace, British Columbia. A 300m, single hole program is planned for the Martin Zone. Rex has the exclusive right to earn a 60% interest in the property by completing exploration expenditures of $3,000,000, making cash payments of $500,000 and issuing 1,000,000 common shares to EPL over a four-year period.

Property Geology

The 1,600ha property is flanked by a large intrusive stock that has intruded sedimentary rocks of the Bowser Lake Group. A number of high-grade, vein-type gold and silver occurrences are associated with the contact zone and magnetic signature of the intrusive stock.

Property History

Eagle Plains acquired the property in 2003 and completed significant exploration work in 2003 and 2004. The programs included a VTEM airborne survey, extensive geochemical programs, geologic mapping, and a 19-hole diamond drill program. The best drill results from this work included drill-hole KRC04001, drilled at the Rico showing (discovered by Eagle Plains), which returned 35g/t Au over 2.5m from 101.8m to 104.3m; including a 0.5m interval that assayed 107g/t Au. Historical sampling at the Chris occurrence reported a grab sample of 158 g/t Au and 5,536 g/t Ag. Sampling at the Martin Zone returned samples ranging from trace values to a high of 8.2 g/t Au. The latest systematic work on the property was carried out in 2012 by Clemson Resources, who drilled a single hole to test for high-grade mineralization in an area outside of present claim boundaries. Management cautions that rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property.

All work to date continues to support the interpreted potential for the Kalum Property to host both high-grade gold-silver deposits and lower-grade bulk-tonnage type gold mineralization.

2021 exploration work will be undertaken by TerraLogic Exploration Services of Cranbrook BC under the supervision of Kerry Bates, P.Geo. Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a director of Eagle Plains, has prepared, reviewed, and approved the scientific and technical disclosure in the news release.

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, the majority 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/655582/Rex-Resources-Commences-Drilling-on-Eagle-Plains-Kalum-Gold-Property-Golden-Triangle-Region-British-Columbia

TORONTO, July 15, 2021 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) senior management will host a conference call on Tuesday, August 10, 2021 at 8:30 a.m. ET to discuss the company’s second quarter 2021 results.

Hudbay plans to issue a news release containing the second quarter 2021 results on Monday, August 9, 2021 and post it on the company’s website. An archived audio webcast of the call also will be available on Hudbay’s website.

About Hudbay

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s vision is to be a responsible, top-tier operator of long-life, low-cost mines in the Americas. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.

For further information, please contact:

Candace Brûlé
Director, Investor Relations
(416) 814-4387
candace.brule@hudbay.com

Val-d'Or, Québec–(Newsfile Corp. – July 15, 2021) – Golden Valley Mines Ltd. (TSXV: GZZ) ("Golden Valley" or the "Corporation") is pleased to announce that it has, effective today, filed Articles of Amendment to change its name to Golden Valley Mines and Royalties Ltd. Shareholders passed a special resolution to change the name at the Corporation's Annual General and Special Meeting of Shareholders held on June 25, 2021. The Corporation will commence trading under the new name on the TSXV under its current trading symbol, "GZZ," at the opening of trading on Friday, July 16, 2021.

New Website

As part of the name change initiative, the new corporate website will launch on July 16, 2021, to coincide with the commencement of the Corporation's shares trading under the new name on the TSXV. The new domain name will be: www.gvmroyalties.com. Visitors to the current website and emails to existing Corporation addresses will be redirected.

The new name, Golden Valley Mines and Royalties Ltd., better reflects the Corporation's focus on acquiring royalties and free carried interests pursuant to strategic partnerships and joint ventures on its previously wholly-owned properties.

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

For additional information please contact:

Glenn J. Mullan
Chairman, President, and CEO
Golden Valley Mines Ltd.
2864, chemin Sullivan
Val-d'Or, Québec J9P 0B9
Telephone: 819.824.2808 ext. 204
Email: glenn.mullan@goldenvalleymines.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90406

MELBOURNE (Reuters) -Rio Tinto reported a 12% fall in quarterly iron ore shipments on Friday after storms affected its West Australian operations, but is expected to report bumper results this month on soaring prices for the steel raw material.

Rio said it now expects to ship near the lower end of its range of 325 million tonnes (mt) and 340 mt in calendar 2021, meaning it may hand back its crown as the world's biggest producer to Brazilian rival Vale S.A..

Vale, which reports output later this month, is on track to meet the upper end of its 2021 guidance of 315-335 mt, according to UBS.

Rio shipped 76.3 million tonnes (mt) of the steel-making commodity for the three months ended June 30, down from 86.7 mt a year ago, just ahead of a UBS estimate of 76 mt.

"We would have liked to have seen higher production to capitalise on these iron ore prices. Still, they are going to be swimming in cash at results time," said analyst David Lennox at Fat Prophets in Sydney.

"Hopefully we will get a good dividend and we are looking for a share buyback as well."

Iron ore prices surged to records above $230 a tonne in May thanks to a post-COVID infrastructure drive by China.

Rio is expected to post half-year underlying earnings of $10.9 billion on July 28 according to a Vuma consensus of 14 analysts, more than double the $4.75 billion it reported for the same period last year.

Rio on Friday also raised its full-year iron ore production cost guidance due to increased labour and input costs.

The miner expects unit costs of $18.00-$18.50 per tonne for the year, up from its previous estimate of $16.70-$17.70 per tonne, even as prices it received for iron ore doubled to $168.40 a dry metric tonne free on board for the first half.

Miners have been facing labour shortages as Australia has shut international borders and snap closed state borders.

Rio also said it delayed commissioning at its new Gudai-Darri iron ore hub to later this year and first production from its Winu copper find in Australia to 2025 from original estimates of 2023, partly due to COVID restrictions.

It lowered 2021 production by 2 Mt due to new strategies to protect Aboriginal areas of high cultural significance as it seeks to repair relations with Aboriginal groups following its destruction of rock shelters at Juukan Gorge last year.

(Reporting by Melanie Burton in Melbourne and Sameer Manekar and Anushka Trivedi in Bengaluru; Editing by Krishna Chandra Eluri and Richard Pullin)

ST. JOHN'S, Newfoundland and Labrador, July 15, 2021–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report attributable quarterly royalty revenue^† of approximately $21.8 million ($0.53 per share) for the second quarter ended June 30, 2021. This compares to quarterly revenues of $17.8 million ($0.43 per share) in Q1 2021.

Base metal (primarily copper) revenue of $9.4 million is up 24% from Q1 2021 base metal revenue of $7.6 million, and represented 43% of total royalty revenue. Performance in the quarter was positively impacted by stronger metal prices, but was offset by lower copper production from both 777 and Chapada.

During the quarter, Vale commenced production from its new underground mine at Voisey’s Bay and Lundin Mining continued to aggressively drill near mine targets at Chapada in support of ongoing project expansion studies.

Potash revenue of $4.5 million is up 11% from Q1 2021 potash revenue of $4.1 million and represented 21% of total royalty revenue. Steady price improvements over the past year continued to be reflected while overall portfolio based production was down slightly from Q1 but similar to Q2 2020 production. Average realized prices for royalty calculation purposes continued to reflect timing of sales recognition lags with realized prices in Q2 generally aligned with Q1 2021 market prices. Market prices based on US Midwest and Brazil delivery increased by 50-60% during Q2 and these are expected to result in higher realized prices to Altius in the coming quarters.

During the quarter, Mosaic closed its Esterhazy K1 and K2 mining shafts while it continues to ramp up production from the new K3 mining shaft which is expected to reach full capacity early in 2022. Nutrien announced two 500,000 tonne increases to its annual potash production guidance during the quarter in response to increased demand.

Iron ore revenue in the form of dividends received from Labrador Iron Ore Royalty Corporation ("LIORC") was $5.0 million, or 23% of total royalty revenue, which compares to $2.9 million in Q1 2021. The 72% increase reflected strong royalty revenue and a significant equity dividend paid by the Iron Ore Company of Canada ("IOC") as it continued to benefit from strong demand and pricing for its high-purity iron ore products that result in lower emission steel making. The Corporation is a significant shareholder of LIORC which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of IOC.

On April 1, 2021, the Corporation received 600,000 Champion Iron Limited ("Champion") shares as consideration for the sale of its portion of secured debt of Alderon after Champion acquired the assets of Alderon through a court appointed and competitive bidding process. Interest income of $636,000 on this loan recovery is included in the table below under "other royalties and interest". Champion continued work to update the prior positive feasibility study and revise the project scope for its recently acquired Kami Iron Ore project. Kami is located nearby to the south of IOC’s operations and a few kilometres southeast of Champion’s Bloom Lake operations and is subject to a 3% gross sales royalty in favour of Altius. The Kami project hosts extensive resources of iron ore that are expected to be capable of producing high-purity, premium priced concentrate products.

Thermal coal revenue of $2.1 million, or just under 10% of total royalty revenue, compares to $2.9 million in Q1 largely due to slightly lower seasonal electricity demand at the integrated Genesee mine and power plant and only nominal revenue from the Sheerness operation.

Altius Renewable Royalties (ARR: TSX) ("ARR"), of which the Corporation is a controlling shareholder, reported the creation of five new royalty interests on US based development stage wind and solar projects. These royalties arise from project sales by investee partner Tri Global Energy LLC that collectively represent more than 1,100 MW of new renewable energy generation capacity. More information can be found at arr.energy. ARR, through subsidiary Great Bay Renewables which is jointly controlled with certain funds managed by affiliates of Apollo Global Management, Inc., also continued to advance several new royalty-based investment opportunities during the quarter that it believes will lead to additional capital deployment throughout the remainder of the year.

Second Quarter 2021 Financial Results Conference Call and Webcast Details

Additional details relating to individual royalty performances and asset level developments will be provided with the release of full financial results, which will occur on August 9, 2021 after the close of market, with a conference call to follow on August 10, 2021.

Date: August 10, 2021
Time: 9:00 AM ET
Toll Free Dial-In Number: +1(866) 521-4909
International Dial-In Number: +1(647) 427-2311
Conference Call Title and ID: Altius Q2 2021 Results, ID 9379845
Webcast Link: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=A7CADED0-3E8D-44EF-AF03-8F7FBFFF082E

^†Attributable royalty revenue is a non‐IFRS measure and does not have any standardized meaning prescribed under IFRS. For a detailed description and examples of the reconciliation of this measure, please see the Corporation’s MD&A disclosures for prior quarterly and annual reporting periods, which are available at https://www.altiusminerals.com

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. Altius has 41,504,597 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

Forward-Looking Information

This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210715005512/en/

Contacts

Flora Wood
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis
Email: Blewis@altiusminerals.com
Tel: 1.877.576.2209

MELBOURNE, Australia, July 15, 2021–(BUSINESS WIRE)–Rio Tinto Chief Executive Jakob Stausholm, said: "The global economy, in particular China, recovered strongly and we are intensely focused on servicing our customers with as much product as we can. However, we faced some challenges in the first half notably at our Pilbara operations, which were impacted by replacement mine tie-ins and materially higher rainfall. Heightened COVID-19 constraints, which resulted in numerous travel restrictions, added further pressure on the business and limited our ability to access additional people, particularly in Western Australia and Mongolia, in order to deliver operational improvements or maintenance initiatives and accelerate projects.

"Safety is our first priority and our performance in this area remains robust in challenging conditions. However, as identified shortly after my appointment, operationally we are not where we want to be. Our first half performance has reaffirmed my belief that we have identified the right priorities to strengthen the business: to become the best operator, strive for impeccable ESG credentials, excel in development and secure a strong social licence. We have made initial progress against our priorities, but a large volume of work remains to make Rio Tinto even stronger, so we can continue to deliver superior returns to shareholders, invest in sustaining and growing our portfolio, and make a broader contribution to society."

Q2 Operational update

• Our colleague Nico Swart was tragically killed in a shooting incident whilst driving to work at Richards Bay Minerals (RBM) in South Africa on 24 May. Our sympathies are with Nico's family and we are offering ongoing support to his family, friends and colleagues.

• We continue to prioritise the safety of our people and communities as some regions experience a resurgence of COVID-19. We have exceeded 30 months without a fatality on site but our all injury frequency rate (AIFR) of 0.39 has seen a slight increase versus the second quarter of 2020 (0.37), and prior quarter (0.35), which underlines that there is no room for complacency.

• We expect iron ore shipments to be at the low end of the guidance range which remains subject to COVID-19 disruptions, tie-in and ramp up of brownfield replacement mines and management of cultural heritage. Mined copper and bauxite production is expected to be at the low end of the guidance range. Full year titanium dioxide slag production guidance has been removed as a result of risks around the timing of resumption of operations at RBM in South Africa, due to an escalation in the security situation. We are working with the local and federal governments and police to ensure we can safely resume operations.

• Pilbara iron ore production of 75.9 million tonnes (100% basis) was 9% lower than the second quarter of 2020 due to above average rainfall in the West Pilbara, shutdowns to enable replacement mines to be tied in, processing plant availability, and cultural heritage management. Shipments of 76.3 million tonnes (100% basis) were 12% lower than the second quarter of 2020 with some additional drawdown of inventories. Ongoing COVID-19 restrictions and a tight labour market have further impacted our ability to access experienced contractors and particular skill sets.

• Bauxite production of 13.7 million tonnes was 6% lower than the second quarter of 2020 due to ongoing system instability following severe wet weather in Eastern Australia in the first quarter.

• Aluminium production of 0.8 million tonnes was 4% higher than the second quarter of 2020, underpinned by the ISAL smelter in Iceland and the Becancour smelter in Quebec operating at full capacity, and the Kitimat smelter in British Columbia nearing completion of its pot relining cycle.

• Mined copper production of 115.5 thousand tonnes was 13% lower than the second quarter of 2020, with lower recoveries and throughput at Escondida as a result of the prolonged impact of COVID-19, and a planned relocation of the in-pit crusher at Kennecott in April. On 31 May, an anticipated slope failure occurred in the south east wall of the Bingham Canyon pit at Kennecott. There were no injuries or damage to equipment as the slide was accurately predicted by our geotechnical experts. Mining in the affected area restarted progressively in June. No ore has been sterilised and we expect to recover the material from the slide which is largely copper bearing ore. Mining rates will however be slower due to the size distribution of the material, and therefore some high-grade production scheduled for late 2021 will be deferred to 2022.

• Titanium dioxide slag production of 298 thousand tonnes was 14% higher than the second quarter of 2020 due to consistent production at the Fer et Titane (RTFT) metallurgical complex in Quebec. Following weeks of violent disruptions, our RBM operations have been significantly hampered. As a result, we have declared force majeure, with all operations curtailed.

• Production of pellets and concentrate at Iron Ore Company of Canada (IOC) was 2% lower than the second quarter of 2020 due to labour and equipment availability issues impacting product feed. Force majeure declared in April following the fire at the port has been lifted.

• On 17 June, Peter Cunningham was appointed as Chief Financial Officer with immediate effect. Peter also joined the Rio Tinto Board as an executive director at the same time. On 7 July, we announced the appointment of Isabelle Deschamps who will join on 25 October as Chief Legal Officer & External Affairs, succeeding Barbara Levi.

• On 4 June, we announced the appointment of Ben Wyatt as a non-executive director of the Rio Tinto Board. Mr Wyatt, an Australian citizen, and former Treasurer and Aboriginal Affairs Minister in the Western Australian Government, will join the Board on 1 September 2021.

• In the second quarter, we entered into four partnerships to progress our work to decarbonise our value chain. These include one with the Australian Renewable Energy Agency (ARENA) to study whether hydrogen can replace natural gas in alumina refineries to reduce emissions, and one with POSCO to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain.

The full second quarter production results are available here.

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

LEI: 213800YOEO5OQ72G2R82

Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State

View source version on businesswire.com: https://www.businesswire.com/news/home/20210715006088/en/

Contacts

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

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

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

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

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

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

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

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

Amar Jambaa
M +61 472 865 948

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

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

Category: General

SAO PAULO, July 15 (Reuters) – Creditors in bankrupt miner Samarco Mineracao SA, a joint venture between Vale SA and BHP Group PLC, made on Thursday an objection to the company's restructuring plan, according to a court document.

Creditors said the plan's main goal is to protect Samarco's giant shareholders, Vale and BHP, and reduce future payments to creditors.

They also rejected Samarco's offer to apply an 85% haircut to all creditors, including shareholders Vale and BHP, which extended 24 billion reais in loans to the company. Payments would occur in 2041.

Creditors said both Vale and BHP, as shareholders, should be paid only after all other creditors fully recover their money. They also questioned if both giant companies should recover any value as creditors consider that both miners are co-debtors.

They also refused Samarco's offer to swap their debt into shares in the company.

"It is unacceptable that a restructuring plan of a company controlled by the world's biggest miners outline a outright (and illegal) debt forgiveness to create value for its multimillionaire shareholders, which are also responsible for Brazil's biggest environmental disaster," creditors said in the court document.

The collapse of a dam at the Samarco mine complex in 2015 killed 19 people, severely polluted the Doce River with mining waste and led the company to financial trouble.

Creditors have proposed Samarco, Vale and BHP pay in three equal parts for all damages caused by the rupture of the dam, creditors lawyers Paulo Padis and Marcos Pitanga said in an interview. That contrasts with Samarco's restructuring plan, which proposes the company pay for damages entirely.

(Reporting by Carolina Mandl; Editing by Sam Holmes)

LONDON, UK / ACCESSWIRE / July 15, 2021 / Horizonte Minerals Plc, (AIM:HZM)(TSX:HZM) ('Horizonte' or 'the Company') the nickel company focused on Brazil, is pleased to provide an operational update for the Araguaia Nickel Project ('Araguaia' or 'the Project').

Highlights:

• Significant progress on key project execution preparation activities, including competitive tendering for supply of key processing equipment, electric furnace and project management (EPCM) services

• Operational Readiness Plan well advanced with all key permits in place for commencement of construction

• Financing discussions remain on track. Credit committee approval for the senior debt facility expected in Q3 2021 as previously announced

• Key environmental and social programmes continuing in preparation for construction phase

• Mobilisation of Head of Projects to Brazil and appointment of Engineering, Community, Health and Safety Managers continues the build out of the project execution team

Horizonte's CEO, Jeremy Martin, commented: 'In the six months since the completion of the value engineering work, significant progress has been made on plans to implement the project. Tenders have been completed for approximately US$230M of key equipment and services to be supplied under contract with industry-leading vendors. This progress has enabled the project execution plan to be further advanced and to better reflect the current context in Brazil, allowing us to successfully deliver a tier-one nickel project. We have made progress with the senior debt facility following completion of due diligence by the lending syndicate, with credit committee approval on track for Q3 2021.

Mike Drake, our newly appointed Head of Projects has arrived in Brazil safely, successfully reopened the office in Belo Horizonte and is rapidly building out our project execution team.Together with the excellent progress being made on our financing initiatives and the recent strength in the nickel price, it is exciting to see an increase of activity on the ground in Brazil as our preparation to start construction in the coming months intensifies.'

Project Execution Readiness

Based on the optimised scope and execution plan that was generated by the Value Engineering work (see announcement 4 December 2020), the past six months have focused on final preparations for project execution.

The objectives of this project readiness process has been to:

• Define the final process equipment specification and suppliers that will be used by the Project, particularly the electric furnace and rotary kiln;

• Identify and partner with the best-placed Engineering, Procurement and Construction Management (EPCM) contractor to deliver the Project;

• Update and detail the Project Execution Plan to reflect these inputs; and

• Optimise the Operational Readiness Plan.

Key outcomes of the work include:

• Prioritising procurement of linked process equipment as 'process island packages' where possible, to reduce interface risk;

• Contract negotiations being well advanced with all key vendors following the completion of a detailed and rigorous assessment process of all technical and commercial proposals received and subsequent proposal optimisation process;

• Competitive tenders completed and significant progress made on the following key packages:

• Process equipment including crushers, conveyors, electrical, dryer, kiln, dust collection and refinery;

• Electric furnace and calcine transfer system;

• Overland powerline and main electrical infrastructure EPC; and

• Construction contracts, including bulk earthworks, temporary construction infrastructure and services, and civil works;

• Updated market proposals for key opex inputs; and

• Capital expenditure and operational expenditure remain in line with the Value Engineering work.

Environmental and Social

Horizonte's environmental and social workstreams are critical to our social licence to operate. As part of the financing due diligence phase and in preparation for the construction of the Project, the sustainability team has further de-risked Araguaia by completing a number of management plans to ensure Araguaia remains compliant with Equator Principles (IV) and IFC Performance Standards with input by consulting groups ERM and Kienbaum.

The Company has permitted all infrastructure components of Araguaia, including the award of construction licences for the transmission line and the water pipeline in early 2021.

A full suite of social and environmental control plans were developed as part of Araguaia's Brazilian environmental construction licences, and a number of programmes have commenced prior to construction. Some examples of work commenced include the resettlement action plan, social communication programme, safety improvements for school communities located along the PA-449 highway, and the Local Development Agenda programme.

Team

The Company's newly appointed Head of Projects, Michael Drake, (see announcement 1 March 2021) has mobilised in Brazil and is working from Horizonte's Belo Horizonte office. Mike is building out the execution team. Roles including project controls, contracts and procurement, human resources, industrial relations, and construction managers planned to mobilise in July 2021, supplementing Horizonte's existing strong technical, environmental and permitting team.

The Company's offices in Belo Horizonte and London are now fully open, operating with strict Covid compliant health and safety measures.

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

About Horizonte Minerals:

Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim of being able to supply nickel and cobalt to the EV battery market. Both projects are 100% owned.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

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

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

SOURCE: Horizonte Minerals PLC

View source version on accesswire.com:
https://www.accesswire.com/655654/Horizonte-Minerals-PLC-Announces-Araguaia-Nickel-Project-Operational-Update

The market expects Teck Resources Ltd (TECK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +316.7%.

Revenues are expected to be $2.12 billion, up 71.1% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.54% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Teck Resources Ltd?

For Teck Resources Ltd, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +14.33%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Teck Resources Ltd will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Teck Resources Ltd would post earnings of $0.43 per share when it actually produced earnings of $0.48, delivering a surprise of +11.63%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Teck Resources Ltd appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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Teck Resources Ltd (TECK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

VANCOUVER, British Columbia, July 15, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”, “Company”) is pleased to advise that based on the results of the Internal Desk Top Study by Ausenco Engineering Inc., proposals are being requested from two international engineering firms to conduct an updated Preliminary Economic Assessment Study (“PEA”) to evaluate the most attractive potential development strategy for the Cañariaco Norte Project.

Considerations for the PEA are various initial concentrator throughputs including 40,000; 50,000; and 60,000 tonnes per day (“tpd”) followed by a staged expansion of production rate.

Geometallurgical modelling of the deposit and updated smelting costs have indicated that the Outotec Roaster proposed during previous studies will not be required, and therefore it will not be contemplated in the PEA.

Tailings storage methodologies which could improve ESG practices will also be assessed in more detail as part of the PEA.

“The Internal Desk Top Study identified several opportunities with the potential to lower initial capital expenditures (“CapEx”) while also enhancing our environmental, social and governance (“ESG”) practices,” stated Joanne Freeze, President and CEO. “We look forward to embarking upon an updated Preliminary Economic Assessment (“PEA”) to evaluate the most attractive potential development strategy.”

For more details about the Desk Top Study, please see News Releases No. 129 and 132 (dated April 19^th and June 15^th, 2021) and: https://www.candentecopper.com/news-releases/news-releases/2021.

On another matter, the Company has issued 50,000 shares to the owner of the Canyon Creek Copper Project located in British Columbia, Canada and recently acquired under option. We plan to conduct our initial field work on the property within a month or two.

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-134

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

VANCOUVER, British Columbia, July 14, 2021 (GLOBE NEWSWIRE) — Lupaka Gold Corp. ("Lupaka Gold" or the “Company") (TSX-V: LPK, FRA: LQP) announces that the Company has closed the non-brokered private placement previously announced on June 23, 2021 (the “Placement”).

The Company issued 4,000,000 units at a price of $0.05 per unit for gross proceeds of $200,000. Each unit consists of one common share of the Company (“Share”) and one transferable common share purchase warrant (“Warrant Share”) entitling the holder to purchase an additional common share of the Company at a price of $0.10 for a period of three years from the closing (the “Placement”). All Shares issued and Warrants Shares (if exercised prior to November 15, 2021) are subject to a hold period expiring four months and one day from the closing date of the Placement in accordance with applicable securities laws. Closing of the Placement is subject to final acceptance by the TSX Venture Exchange.

In connection with the subscriptions received the Company expects to pay finders’ fees in the amount of $10,000 in cash. No insiders participated in this Placement.

The proceeds of the Placement will be used to pay ongoing operating costs as the Company continues to pursue its litigation against the Republic of Peru and to support review of potential new properties.

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, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Gordon Ellis, C.E.O.
gellis@lupakagold.com
Tel: (604) 985-3147

or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com