Investors focused on the Basic Materials space have likely heard of Impala Platinum Holdings (IMPUY), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Impala Platinum Holdings is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IMPUY is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for IMPUY's full-year earnings has moved 6.32% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, IMPUY has gained about 22.82% so far this year. At the same time, Basic Materials stocks have gained an average of 19.54%. As we can see, Impala Platinum Holdings is performing better than its sector in the calendar year.

Looking more specifically, IMPUY belongs to the Mining – Miscellaneous industry, a group that includes 47 individual stocks and currently sits at #106 in the Zacks Industry Rank. Stocks in this group have gained about 31.07% so far this year, so IMPUY is slightly underperforming its industry this group in terms of year-to-date returns.

IMPUY will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.

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Ferrexpo's (LON:FXPO) stock is up by a considerable 20% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Ferrexpo's ROE.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.

View our latest analysis for Ferrexpo

How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Ferrexpo is:

43% = US$635m ÷ US$1.5b (Based on the trailing twelve months to December 2020).

The 'return' is the yearly profit. That means that for every £1 worth of shareholders' equity, the company generated £0.43 in profit.

Why Is ROE Important For Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Ferrexpo's Earnings Growth And 43% ROE

To begin with, Ferrexpo has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 16% which is quite remarkable. So, the substantial 30% net income growth seen by Ferrexpo over the past five years isn't overly surprising.

Next, on comparing Ferrexpo's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 27% in the same period.

Earnings growth is an important metric to consider when valuing a stock. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Ferrexpo is trading on a high P/E or a low P/E, relative to its industry.

Is Ferrexpo Using Its Retained Earnings Effectively?

Ferrexpo's three-year median payout ratio to shareholders is 15%, which is quite low. This implies that the company is retaining 85% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

Moreover, Ferrexpo is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 51% over the next three years. Therefore, the expected rise in the payout ratio explains why the company's ROE is expected to decline to 15% over the same period.

Conclusion

Overall, we are quite pleased with Ferrexpo's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

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.

Highlights:

• PBM-129-W2 intersected 67.0m of 2.73% copper highlighted by 13.0m of 8.75% copper including 2.5m of 17.6% copper and 6.5m of 4.71% copper;

• PBM-131 intersected 20.53m of 3.21% copper equivalent consisting of 2.58% copper, 0.22 g/t gold, 6.63 g/t silver and 1.11% zinc; and

• The two drill holes are the widest intercepts to date in the emerging Rainbow Deposit.

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

The Yellow and Orange zones appear to be converging in drill hole PBM-129-W2 which intersected a broad mineralized interval that returned 67.0m of 2.89% copper equivalent ("CuEq") consisting of 2.73% copper ("Cu"), 0.13 g/t gold ("Au"), 3.46 g/t silver ("Ag"), 0.12% zinc ("Zn"). The Orange Zone returned 13.00m of 9.19% CuEq consisting of 8.75% Cu, 0.39 g/t Au, 11.59 g/t Ag, 0.19% Zn including a higher grade interval of 2.50m that returned 18.23% CuEq comprised of 17.60% Cu, 0.49 g/t Au, 24.81 g/t Ag and 0.24% Zn (Rainbow Drill Core Photo). The Orange Zone was preceded by an intersection in the Yellow Zone which returned 6.50m of 5.04% CuEq consisting of 4.71% Cu, 0.21 Au, 4.63 Ag and 0.40% Zn. PBM-129-W2 is located 60m along strike to the south of PBM-113-W1 and 67m vertically above PBM-129-W1 (Rainbow Deposit Long Section).

Max Porterfield, President and CEO, stated, "The drill results announced today represent the two widest intersections to date at the Rainbow Deposit. These wider intersections are typical of the pinching and swelling in Volcanogenic Massive Sulphide lenses as seen in the Orange and Yellow Zones. Drilling over the summer will continue to focus on building a high-grade copper resource at the Pine Bay Project."

PBM-131 intersected the Orange Zone with 20.53m of 3.21% CuEq (2.58% Cu, 0.22 g/t Au, 6.63 g/t Ag and 1.11% Zn) including 7.84m of 5.74% CuEq (5.50% Cu, 0.21 g/t Au, 7.17 g/t Ag and 0.11% Zn) and 14.75m of 3.64% CuEq (2.83% Cu, 0.23 g/t Au, 8.24 g/t Ag and 1.51% Zn) (Rainbow Deposit Cross Section). Drill hole PBM-131 is 62m vertically above PBM-113-W2 and 95m vertically below PBM-118.

There are currently two rigs operating to expand the Rainbow closer to surface and at depth. Since the Company resumed drilling in mid-February, 19 holes (including 2 wedges) have been announced for a total of 11,323 meters out of a fully funded 30,000 meter budgeted drill program. Callinex will continue to provide results on an ongoing basis for the duration of the 2021 drilling campaign.

Table 1: Pine Bay Drill Results

Notes:

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

Figure 1: Flin Flon Mining District Region Overview

Figure 2: Pine Bay Plan View with Rainbow Drilling

Figure 3: Pine Bay Long Section Looking West with 2021 Drilling

Figure 4: Pine Bay Cross Section Looking North with 2021 Drilling

Image 1: Rainbow Deposit Drill Core Photo – PBM-129-W2

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

About Callinex Mines Inc.

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

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

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/callinex-intersects-67m-of-2-73-copper-and-20-53m-of-2-58-copper-in-step-outs-at-the-rainbow-deposit-in-the-flin-flon-mining-district-mb-301323115.html

SOURCE Callinex Mines Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/30/c1823.html

Dixons Carphone has reinstated its dividend after posting a 34 per cent rise in annual profit, with the electronics retailer helped by a boom in online demand. For the year to May 1 Dixons reported an adjusted pre-tax profit of £156m on revenue of £10.3bn. Online sales more than doubled year on year to £4.7bn.

VANCOUVER, British Columbia, June 30, 2021–(BUSINESS WIRE)–Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) is pleased to announce that it has published its "Sustainable Thinking: Seeing Beyond" 2020 Sustainability Report (the "Sustainability Report" or the "Report"). The Sustainability Report is Capstone’s fifth full sustainability report and was prepared in accordance with the Global Reporting Initiative ("GRI") Standards, Core option. The Report provides details relating to the Company’s programs and performance on topics material to Capstone’s two operating mines: Pinto Valley in Arizona, USA, and Cozamin, in Zacatecas, Mexico, as well as the Santo Domingo project in Chile. The Report follows the publication of an Interim Sustainability Summary in October 2020, for the period January 1, 2018 – June 30, 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210630006034/en/

Capstone Mining 2020 Sustainability Report (Graphic: Business Wire)

Darren Pylot, Capstone’s President and CEO commented, "Our 2020 Sustainability Report reaffirms our unwavering commitment to sustainability and is a reflection of the key role that sustainability improvements play in our business and our long term goal of creating value for all stakeholders. Seeing Beyond translates into continuously improving our sustainability programs and utilizing technology to achieve ambitious ESG goals, even in the face of extraordinary challenges such as the unprecedented COVID-19 world pandemic that still poses a risk to the health and safety of our stakeholders. I am proud of our team’s dedication and resilience throughout last year and I thank each of the members of the Capstone family for presenting a united front and delivering on our business objectives responsibly, safely and sustainably."

2020 Sustainability Report Highlights

Capstone’s 2020 Sustainability Report is a testament to the Company’s annual commitment to transparent disclosure on non-financial performance across the material topics identified by the Company's internal and external stakeholder engagement process. The 2020 Sustainability Report and accompanying performance data and GRI Index are available to download on Capstone’s website at https://capstonemining.com/responsibility/. A Spanish version will be available soon.

ABOUT CAPSTONE MINING CORP.

Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our two producing mines are the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State, Mexico. In addition, Capstone owns 100% of Santo Domingo, a large scale, fully permitted, copper-iron-gold project in Region III, Chile, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.

Caution on Forward-Looking Information

Capstone Mining Corp. (the "Company") cautions readers regarding forward-looking statements found in this news release (including the documents incorporated by reference herein) and in any other statement made by, or on the behalf of the Company. Except for statements of historical fact, information contained in this news release and the documents incorporated by reference herein, constitutes "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking information and forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", and similar expressions, or describes a "goal", or variation of such words and phrases or states that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements in the 2020 Sustainability Report include, but are not limited to: statements relating to our sustainability strategy; short-term and long-term sustainability goals; strategic priorities and our goals, targets, commitments and plans and our expectations regarding those goals, targets, commitments and plans, including but not limited to our water policy goals and energy goals; expected timing of progress of water conservation projects; the expected timing and success of the underground paste backfill system study and tailings filtration project at Cozamin, the Pinto Valley HydroFloat project; the success of our use of the Jetti technology; the timing and success of the Cobalt Study for Santo Domingo, estimated timing and spending to achieve our goals; and expectations regarding the conduct of our suppliers and contractors.

The forward-looking statements in the 2020 Sustainability Report are based on a number of estimates, projections, beliefs and assumptions the management team believed to be reasonable as of the date of the Report, though inherently uncertain and difficult to predict, including but not limited to expectations and assumptions concerning: the development and performance of technology; our ability to attract and retain skilled employees; environmental compliance costs generally; and assumptions regarding the development of our business generally. Risks and uncertainties that could influence actual results include, but are not limited to: risks associated with the consequence of climate-change; risks associated with permitting and development of our properties; operational problems; regulatory action; environmental compliance challenges; changes in laws and governmental regulations; costs of compliance with environmental and other laws and regulation; risks relating to the development and use of new technology or lack of appropriate technologies needed to advance our goals; natural disasters and adverse weather conditions, changes in commodity prices; geotechnical challenges; global crises and pandemics; changes in carrying values of our assets; dependence on the availability of water; operations in foreign countries; general business and economic conditions and the future operation and financial performance of the company generally.

We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in the 2020 Sustainability Report including without limitation, those referred to in the Company’s Annual Information Form, the Company’s short form prospectus, and in the Company’s interim and annual financial statements and MD&A, all of which are filed and available for review under the Company’s profile on SEDAR at www.sedar.com. Accordingly, readers and investors should not place undue reliance on forward-looking statements. The Company does not intend to update forward-looking statements, except as required by law). There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630006034/en/

Contacts

Jerrold Annett, SVP, Strategy and Capital Markets
647-273-7351
jannett@capstonemining.com

Kettina Cordero, Director, Investor Relations & Communications
604-262-9794
kcordero@capstonemining.com

VANCOUVER, British Columbia, June 30, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its second quarter 2021 earnings results on Tuesday, July 27, 2021 before market open.

The company will hold an investor conference call to discuss the second quarter 2021 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Tuesday, July 27, 2021. The conference call dial-in is 416.340.2217 or toll free 800.806.5484, quote 9945185 if requested. Media are invited to attend on a listen-only basis.

A live audio webcast of the conference call, together with supporting presentation slides, will be available on Teck's website at www.teck.com.

The recording of the live audio webcast will be available from 10:00 a.m. Pacific time July 27, 2021 on Teck’s website at www.teck.com.

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

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

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

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 we'll take a look at whether insiders have been buying or selling shares in Mountain Boy Minerals Ltd. (CVE:MTB).

What Is Insider Selling?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. 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'.

See our latest analysis for Mountain Boy Minerals

Mountain Boy Minerals Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Eric Sprott bought CA$1m worth of shares at a price of CA$0.25 per share. That means that an insider was happy to buy shares at above the current price of CA$0.18. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Over the last year, we can see that insiders have bought 9.00m shares worth CA$2.2m. On the other hand they divested 1.46m shares, for CA$688k. In the last twelve months there was more buying than selling by Mountain Boy Minerals insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Mountain Boy Minerals Insiders Bought Stock Recently

At Mountain Boy Minerals,over the last quarter, we have observed quite a lot more insider buying than insider selling. In total, three insiders bought CA$288k worth of shares in that time. But insiders only sold shares worth CA$9.1k. Insiders have spent more buying shares than they have selling, so on balance we think they are are probably optimistic.

Insider Ownership of Mountain Boy Minerals

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 39% of Mountain Boy Minerals shares, worth about CA$3.8m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Mountain Boy Minerals Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Mountain Boy Minerals we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Mountain Boy Minerals has 5 warning signs (3 are potentially serious!) that deserve your attention before going any further with your analysis.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

(Bloomberg) —

China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see the Asian country as the last potential funder of their projects.

Industrial and Commercial Bank of China Ltd. told Go Clean ICBC, an ad-hoc body representing 32 environmental groups, that it won’t fund the 2,800-megawatt Sengwa coal project in northern Zimbabwe, according to a June 18 email seen by Bloomberg that was sent to 350.org, one of the Go Clean groups. ICBC didn’t immediately respond to a request for comment.

Western and South African banks have come under increasing pressure from their shareholders not to fund developments that could contribute to climate change, leaving Chinese lenders as one of the last avenues to secure finance. That door may now be closing, should China plan to improve its own environment credentials.

“This is highly significant, obviously for Zimbabwe but also for Chinese overseas energy financing,” said Lauri Myllyvirta, lead analyst for the Centre for Research on Energy and Clean Air. “It is the first time, to my knowledge, that a Chinese bank has pro-actively walked away from a coal-power project.”

The Sengwa project was being developed by RioEnergy Ltd., a unit of RioZim Ltd. RioEnergy Chairman Caleb Dengu said last year that ICBC had signed a formal notice of interest in funding the plant, to be constructed by China Gezhouba Group, while associated transmission lines would be built by Power Construction Corp. of China Ltd.

ICBC’s withdrawal marks the second time the bank’s coal-funding plans have been scrapped. A permit to build a coal-fired plant in Lamu in Kenya was canceled by the government last year.

ICBC described Sengwa as a “bad plan due to environmental problems,” 350.Org said in the email.

The Chinese lender has been under scrutiny over the environmental impact of funding coal projects and is in discussion with the coalition to “chart a clear road map to stop funding coal,” Go Clean ICBC said in the email. Nathalia Clark, the associate director of Global Communications at 350.org, declined to give further details.

The coalition had planned to roll out a global campaign last week against the lender’s coal activity, which it suspended after ICBC said it would halt engagement if it did so.

Over the past two decades, China Development Bank and the Export-Import Bank of China have funded more than $50 billion of coal projects across Asia, Europe, Africa and South America, according to research from Boston University’s Global Development Policy Center. A plan proposed last year would make it tougher for the so-called Belt and Road Initiative to finance environmentally damaging projects like coal power plants and metal smelters.

While President Xi Jinping in September put the country on a path to zero out carbon emissions by 2060, he plans to let coal consumption increase through 2026 and the fuel is expected to remain an important part of the country’s energy mix for a decade beyond that.

RioEnergy is seeking alternative financiers, a person with direct knowledge of the matter said, asking not to be identified because ICBC’s withdrawal hasn’t been formally announced. Simba Mhuriro, the general manager at RioEnergy, said he wasn’t privy to the matter and couldn’t comment. Wilson Gwatiringa, a spokesman for RioZim also declined to comment. Winston Chitando, Zimbabwe’s mines minister, said he wasn’t aware of ICBC’s decision.

Sengwa was initially owned by London-based miner Rio Tinto Group, the one-time parent of RioZim. It was set aside as Zimbabwe’s relations with the U.K., its former colonial ruler, deteriorated. After the project was revived in 2016, General Electric Co. and a unit of Blackstone Group LP didn’t pursue initial inquiries.

The backing of ICBC was seen by RioEnergy as a fresh start in a plan to develop the plant and end recurrent power outages in Zimbabwe. Climate activists say the company will struggle to find another funder.

“Opportunities to fund coal power are rapidly diminishing, given the climate and other impacts of coal,” said Robyn Hugo, director of climate change engagement at Just Share, a Cape Town-based shareholder activist group. “There is simply no basis to consider new coal-fired projects and all plans to do so are likely to be strongly opposed.”

(Adds analyst comment in fourth paragraph, activist in last)

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TSXV: GBR

VANCOUVER, BC, June 30, 2021 /CNW/ – Great Bear Resources Ltd. (the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF) announces the results of its Annual General Meeting ("AGM") held on, June 29, 2021. The total number of shares represented by shareholders present in person and by proxy at the Meeting was 33,673,676, representing 58.94% of the Company's issued and outstanding common shares.

The Company's shareholders voted in favour of all items of business brought forward at the AGM, as follows:

Election of Directors

Approval of Resolutions:

Chris Taylor, President and CEO stated: "On behalf of the Board of Directors we would like to thank our shareholders for their continued support. Mr. Tony Ricci did not stand for re-election as a director this year. Tony has served as a Director of Great Bear for 10 years and has been instrumental in the evolution of the Company. On behalf of the Board of Directors we thank Tony for his many years of service to the company and wish him well in the future."

About Great Bear

Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration. Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 200 km² of highly prospective tenure across 4 projects, all 100% owned: The flagship Dixie Project, the Pakwash Property, the Sobel Property, and the Red Lake North Property, all of which are accessible year-round through existing roads.

ON BEHALF OF THE BOARD

"Chris Taylor"

Chris Taylor, President and CEO

Cautionary note regarding forward-looking statements

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

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

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

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/great-bear-announces-voting-results-of-its-annual-general-meeting-301323774.html

SOURCE Great Bear Resources Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/30/c0810.html

(Bloomberg) — Rio Tinto Group declared force majeure on customer contracts at Richards Bay Minerals after escalating violence forced it to suspend activity at the minerals sands operation in South Africa.

Managing Director Werner Duvenhage said the company is prioritizing the safety of its 5,000 workers at RBM, which exports titanium dioxide slag, used to create ingredients for products including paint, plastics, sunscreen and toothpaste. The closing of Rio’s only South African business follows the death last month of RBM manager Nico Swart, who was shot on his way to work.

“It has become impossible for us to run the business,” Duvenhage said by phone. “We won’t go back until it’s safe for our people.”

The suspension of operations at RBM is a blow to the South African government’s efforts to attract new investment. Violence around RBM forced the operation to shut temporarily in 2019, with work subsequently halted on a $463 million expansion project.

In recent weeks, mining equipment and infrastructure have been destroyed and access roads blocked. South Africa mining operations frequently are dogged by community protests, which relate to issues ranging from poor municipal services to labor conditions. Duvenhage said there have been reports that the latest violence may be connected to youth unemployment.

The violence around mining communities, including the burning of equipment and the intimidation of mine workers, hurts South Africa’s reputation as an investment destination, said Minerals Council South Africa, an industry lobby group for bigger producers.

“The closure of mining operations due to security concerns negatively impacts on production, employment and investment, and will ultimately have severe adverse economic and social consequences,” the council said in a statement.

RBM’s furnaces are currently being run on low power as they can’t be shut down completely. The company is engaging with both regional and national governments to get a better understanding of the cause of the violence, Duvenhage said.

South Africa’s mines and energy ministry didn’t respond to a request for comment.

(Updates with industry group comments starting in sixth paragraph)

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Vancouver, British Columbia–(Newsfile Corp. – June 30, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to report that all proposed resolutions were approved at the Company's Annual General Meeting of shareholders held on June 30, 2021, in Vancouver, British Columbia (the "Meeting"). The number of directors was set at 7 and all director nominees, as listed in the Management Information Circular dated May 11, 2021 (the "Information Circular"), were elected as directors of the Company at the Meeting to serve for a one-year term and hold office until the next annual meeting of shareholders. According to the proxy votes received from shareholders, the results were as follows:

Shareholders voted 99.72% in favour of setting the number of directors at seven, 99.69% in favour of appointing Davidson & Company LLP, Chartered Accountants as auditors, and 96.47% in favour of approving and ratifying the Company's Stock Option Plan.

Voting results for all resolutions noted above are reported in the Report on Voting Results as filed under the Company's SEDAR profile on June 30, 2021.

Corporate Update

The Company is pleased to welcome Sunny Lowe and Henrik Lundin to EMX's Board of Directors with immediate effect following shareholder approval at the AGM.

Ms. Sunny Lowe – Ms. Lowe is a CPA and CA with more than 20 years of finance, international tax and risk management experience mostly spent in the mining sector. Ms. Lowe is currently the Chief Financial Officer of INV Metals Inc., an international mineral resource company focused on the acquisition, exploration and development of precious and base metal projects in Ecuador. Prior to joining INV Metals, Ms. Lowe was with Kinross Gold Corporation, first as Vice President, Internal Audit & Enterprise Risk Management, and then as Vice President, Finance, overseeing the company's External Financial Reporting and Corporate Controllership functions. Ms. Lowe also worked at Inmet Mining Corporation where she held leadership roles across functions including Enterprise Risk Management, Global Taxation & Compliance, and Business Systems & Controls. Ms. Lowe obtained her CPA, CA designation while working at Ernst & Young LLP and an MBA from the Schulich School of Business.

Mr. Henrik Lundin – Mr. Lundin has considerable global experience in the natural resource sector. He has a particularly strong understanding of the technical and business aspects of the oil and gas industry. Currently Mr. Lundin is the Chairman of Gold Line Resources Ltd., a Fennoscandia focused gold exploration company, as well as a Senior Reservoir Engineer at Lundin Energy AB. Formerly, Mr. Lundin held the position of COO of TAG Oil Ltd and was responsible for the global operations and led the farm-in/farm-out processes in Australia and New Zealand. Mr. Lundin is a Swedish citizen and has a B.Sc. Petroleum Engineering degree from the Colorado School of Mines in Golden, Colorado.

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

For further information contact:

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

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

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

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

Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89191

VANCOUVER, British Columbia, June 30, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named to the Best 50 Corporate Citizens in Canada ranking as one of the top 50 companies in Canada for corporate citizenship. This marks the 15th consecutive year Teck has been named to the Best 50 by Corporate Knights.

“Our commitment to being a positive corporate citizen is led by our employees who are dedicated to giving back to the communities where we operate,” said Don Lindsay, President & CEO. “We are focused on making a positive difference locally and globally as we responsibly provide the metals and minerals that the world needs for the transition to a low-carbon future.”

The Best 50 Corporate Citizens in Canada are each evaluated on a set of up to 24 environmental, social and governance indicators including board diversity, resource efficiency, financial management, and clean revenue. For more information about the Best 50 Corporate Citizens in Canada and the full rankings, visit www.corporateknights.com/reports/best-50/.

Teck has set ambitious targets in sustainability, including being carbon neutral by 2050. For more information on our sustainability goals and performance, visit www.teck.com/responsibility.

Teck has also been named one of the 2021 Global 100 Most Sustainable Corporations by Corporate Knights and is the industry leader in the Metals and Mining industry on the Dow Jones Sustainability World Index (DJSI). Sustainalytics ranks Teck first in the Diversified Metals and Mining category. Teck is also currently listed on the MSCI World ESG Leaders Index, FTSE4Good Index, Bloomberg Gender Equality Index and Jantzi Social Index.

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

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

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

TORONTO, June 30, 2021–(BUSINESS WIRE)–Nickel 28 Capital Corp. ("Nickel 28" or the "Company") (TSXV:NKL) (FSE:3JC) is pleased to announce that the TSX Venture Exchange has accepted the Company's notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 7,478,209 of its common shares, representing 8.7% of Nickel 28’s common shares (calculated in accordance with the rules of the TSX-V), over a twelve month period commencing on July 2, 2021. The NCIB will expire no later than July 1, 2022. Nickel 28 has entered into an exclusive agreement with Haywood Securities Inc. to conduct the NCIB on behalf of the Company.

All purchases made pursuant to the NCIB will be made through the facilities of the TSX Venture Exchange or alternative Canadian trading systems, in open market transactions or by such other means as may be permitted under applicable securities laws. The price that Nickel 28 will pay for common shares in open market transactions will be the market price at the time of purchase. The actual number of common shares which may be purchased, and the timing of such purchases, will be determined by Nickel 28. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors.

Any daily purchases on the TSX Venture Exchange under the NCIB will be subject to all limitations as set forth in the TSX Venture Exchange rules. As of June 28, 2021, the Company has 85,701,844 common shares issued and outstanding. All Shares purchased by Nickel 28 under the NCIB will be cancelled.

Nickel 28 is commencing the NCIB because in the opinion of management and the board of directors of the Company, the common shares have recently traded in a price range that represents a substantial discount to the Company's net asset value and does not reflect the underlying value of the Company.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements with respect to the proposed NCIB; and statements with respect to the business and assets of Nickel 28 and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005276/en/

Contacts

Investors:
Justin Cochrane
647.846.7765
info@nickel28.com

Iron ore prices are currently trending around $220.50 per ton — more than double the last year’s levels. In fact, in June last year, iron ore prices had breached $100 per ton mark for the first time since August 2019 driven by China’s massive infrastructure stimulus amid supply concerns from coronavirus-impacted Brazil. The situation this year has not changed much, with demand-supply imbalance favoring the prices of the steel making ingredient this year as well, leading to a year-to-date gain of 39%.

As of now, prices are being supported by a decline in portside stockpiles in China.. Imported iron ore stocked at Chinese ports declined for four consecutive weeks to 123.95 Mt (million tons) as of Jun 25, 2021 — the lowest level in eight months. On top of this, weekly Australian iron ore shipments have been disappointing through June. Iron ore prices are gaining further thanks to increasing concerns over Brazil’s supply. Brazilian miner, Vale S.A VALE recently announced that it has halted production at its Timbopeba mine and part of its Alegria mine following a warning from an authority about tailings dam risks. The closures will reduce its iron ore output by around 40,000 tons a day.

Meanwhile iron ore demand from China is gaining 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. Per the World Steel Association, global crude steel production was up 16.5% year over year to 174.4 Mt in May. This was primarily driven by record high production from China on the back of firm domestic demand and healthy margins at mills. Steel production in China, which accounts for more than half of the global steel output, went up 6.6% year over year to 99.5 Mt in May.

Among the other major Asian producers, India witnessed a 46.9% surge in production to 9.2 Mt in May as steel demand is picking up in the country following the resumption of industrial activities with the lifting of lockdowns and restrictions. In North America, crude steel production climbed 47.7% to 10.1 Mt in May with the resumption of operations across major steel-consuming sectors, leading to a recovery in capacity utilization and domestic steel production.

The World Steel Association projects steel demand to grow 5.8% in 2021 and reach 1,874.0 million. China's steel demand is expected to improve 3.0% 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 raising the requirement of more iron ore.

Industry Outperforms S&P 500 & Broader Sector

Image Source: Zacks Investment Research

In tandem with iron ore prices, the Zacks Mining – Iron industry has gained 119.9% in a year’s time, outperforming the S&P 500 and the Basic Materials sector’s rally of 40.4% and 46.7%, respectively.

The industry currently carries a Zacks Industry Rank #4, which places it in the top 2% of more than 250 Zacks industries. The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.

3 Iron Ore Stocks to Scoop Up

We have handpicked three iron mining stocks that are well-poised to ride on the rally in iron ore prices. These stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have outperformed the S&P 500’s growth in the past year. These also have solid earnings growth projections.

Image Source: Zacks Investment Research

BHP Group BHP: Headquartered in Melbourne, Australia, BHP engages in exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. The company produced 248 Mt of iron ore in fiscal 2020. BHP anticipates producing between 245 Mt and 255 Mt of iron ore in fiscal 2021. Efforts to make operations more efficient through smart technology adoption across the entire value chain will aid in reducing costs, thereby bolstering the company’s margins. Its focus on lowering debt is also commendable. The company has four major projects under development in petroleum, iron ore and potash, which will drive growth in the long run.

The company has a long-term estimated earnings growth rate of 4%. The Zacks Consensus Estimate for fiscal 2021 earnings indicates year-over-year improvement of 86.5%. The consensus estimate has moved up 3.8% over the past 30 days. The stock has appreciated 49.5% in the past year. It flaunts a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Rio Tinto plc RIO: Headquartered in London, the U.K., Rio Tinto engages in mining of aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. The company produced 333.4 Mt of iron ore in 2020. Rio Tinto expects to produce 325 Mt to 340 Mt of iron ore in fiscal 2021. The company boasts a world-class portfolio of high-quality assets and continues to strengthen it by increasing investment in high-value projects to ensure long-term growth. It also remains committed to making its operations as efficient as possible through the use of technology and innovation, including automation. A strong balance sheet and a disciplined capital allocation support its ability to sustain production, increase investment in development projects (in high-return iron ore and copper), while delivering superior returns to shareholders.

The Zacks Consensus Estimate for fiscal 2021 earnings indicates year-over-year improvement of around 104%. The consensus estimate has been revised upward by 16% over the past 60 days. The Zacks Ranked #1 stock has gained 53% in a year.

Vale: Rio de Janeiro, Brazil-based Vale produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company produced 300 Mt of iron ore in 2020. Backed by the start-up of new iron ore assets, the company expects to achieve 350 Mt capacity by 2021-end and 400 Mt per year by the end of 2022. It remains committed to introducing more high-quality ore in the market. Vale’s efforts to improve productivity and cut costs will aid margins. Further, investment in growth projects and efforts to lower debt will benefit it.

The company has a long-term estimated earnings growth rate of 32.4%. The Zacks Consensus Estimate for fiscal 2021 earnings suggests year-over-year growth of around 154%. The consensus estimate has moved north by 27% over the past 60 days. The company delivered a trailing four-quarter earnings surprise of 4.1%, on average. In a year’s time, the stock has gained 122%. It currently sports a Zacks Rank #1.

+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities

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To read this article on Zacks.com click here.

Zacks Investment Research

VANCOUVER, BC, June 29, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX) ("FPX" or the "Company") is pleased to announce that drilling programs have started at the Company's Decar Nickel District ("Decar") in central British Columbia. This marks the commencement of the most active campaign at Decar since 2012, with a focus on resource confirmation and expansion at the Baptiste Deposit ("Baptiste") plus an initial drill campaign at the Van Target, located 6 kilometres north of Baptiste.

Highlights

• Maiden drilling at the Van Target, which is defined by surface rock samples with an area extent and nickel grades similar to Baptiste

• Drilling at Baptiste to convert Inferred resources into the Indicated category to support an eventual Preliminary Feasibility Study ("PFS")

"We are very excited to assess the potential for a new discovery with a maiden, widely-spaced drilling program at Van this summer," commented Martin Turenne, FPX's President and CEO. "In addition to the drilling at Van and Baptiste, we will also conduct additional exploration around the Sid and B targets, plus regional exploration at five other under-explored areas at Decar, as described in our May 26 news release."

Van Target – Maiden Drilling

An initial nine-hole, 3,000-metre drill program has begun at the Van Target, which is located 6 kilometres north of Baptiste at similar elevations, and accessible via logging roads. The Van Target's bedrock samples occur in a previously unexplored area due to ground cover which was more recently exposed by logging activity.

Davis Tube magnetically-recovered ("DTR") nickel analysis of 54 bedrock samples, taken at intervals of 50 to 350 meters at the Van Target, has defined an area of approximately 2.9 square kilometers (see Figure 1). This compares very favorably with the area defined by outcrop sampling and subsequent drilling at Baptiste, which is 3.2 kilometres along strike with widths of 150 to 1,080 metres.

Prior to the start of drilling, the Company completed a ground-based magnetic survey to refine the drill-collar locations for the drilling program, which will take approximately 8 weeks to complete.

Figure 1: Decar Nickel District

Figure 2: Map of Bedrock Surface Sampling at Van Target

Baptiste Deposit – Infill Drilling

A ten-hole, 2,700 metre infill drilling program has begun at the Baptiste Deposit. The mine plan in the Baptiste PEA envisaged the mining of a total of approximately 1.5 billion tonnes of material for processing over the Project's 35-year mine life, with approximately 89% of this mineralization classified in the indicated category and 11% in the inferred category. This summer's drilling program, which will take approximately 8 weeks to complete, is expected to convert the indicated resources to the indicated category to support an eventual Baptiste PFS.

The majority of the inferred resources in the Baptiste mine plan are located along the margins of the open pit, with some of the resource blocks occurring near-surface in higher-grade areas of the deposit (see Figure 3 below). The Company has developed a three-dimensional drill-hole spacing model where spacing exceeds the 200-metre spacing requirement for categorization of indicated resources.

Figure 3: Plan View of Baptiste Deposit Resource Classification

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

About the Decar Nickel District

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

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

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

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

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. 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/June2021/29/c5105.html

LONDON, June 29, 2021–(BUSINESS WIRE)–Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals (RBM) in South Africa due to an escalation in the security situation at the operations. This has led to the decision to cease operations until the safety and security position improves.

Rio Tinto chief executive Minerals, Sinead Kaufman, said: "The safety of our people is our top priority.

We continue to offer our full support to the investigating authorities and I would like to acknowledge the ongoing support of the regional and national governments and South African Police Service as we work together to ensure that we can safely resume operations."

All mining and smelting operations at RBM have been halted until further notice. The Zulti South project has remained on full suspension since the security and community issues in 2019.

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

riotinto.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210629006102/en/

Contacts

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

Media Relations, UK

Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas

Matthew Klar
T +1 514 608 4429

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

Category: RBM

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

VANCOUVER, BC, June 29, 2021 /CNW/ – Finlay Minerals Ltd. (TSXV: FYL) ("Finlay" or the "Company") is pleased to report that all matters set before the Annual General Meeting of the Company on Friday, June 25, 2021 were approved by the shareholders. 55,706,280 shares were voted representing 59.7% of the issued and outstanding shares of the Company.

The seven nominees for the Board of Directors were elected and they are: John A. Barakso, Robert F. Brown, Richard T. Dauphinee, Alvin W. Jackson, Ilona Barakso Lindsay, David A. Schwartz, and Kristina Walcott.

Mr. John J. Barakso, founder of the Company, has retired as a director and Chairman of the Board of the Company.

Additionally, the reappointment of De Visser Gray LLP, Chartered Professional Accountants, as auditors for the Company was approved along with the Company's 10% Rolling Stock Option Plan for a further year.

At a Board Meeting subsequent to the Annual General Meeting, the following officers were appointed for the next year:

The Board is pleased to welcome Mr. Wade Barnes, a seasoned and respected geologist, to the Company. Mr. Barnes is a principal of Tripoint Geological Services and was instrumental in the discovery and delineation of the Kemess East deposit and moving the Kemess Underground deposit towards pre-feasibility for AuRico Metals. For his efforts in the Toodoggone, Mr. Barnes was co-recipient of the AMEBC's H.H. "Spud" Huestis Award in 2016.

The Board also welcomes Ms. Kristina Walcott, Dr. John A. Barakso and Ms. Ilona Lindsay to the Board of Directors.

Mssrs. Dauphinee and Jackson and Ms. Walcott were appointed to the Audit Committee.

Additionally, the Board created a Compensation and Corporate Governance Committee and appointed Mssrs. Dauphinee and Schwartz and Ms. Walcott.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia. The Company's properties are:

• the Silver Hope Property, which surrounds the former Equity Silver Mine, includes the 2020 newly discovered Equity East target, porphyry copper-molybdenum mineralization discovered in 2010, along with three silver-copper mineralized zones, in a contiguous trend with the mined-out deposits of the former Equity Silver Mine (71 million oz. silver, 185 million lbs. copper and 508,000 oz. gold; Reference: http://minfile.gov.bc.ca/Summary.aspx?minfilno=093L++001).

• the ATTY Property which is contiguous to the north side of the Kemess East deposit and adjacent to the Kemess Underground deposit of Centerra Gold Inc., and

• the PIL Property, which is adjacent to Sable Resource's Baker Mine, has nine known mineralized zones including the recently discovered and expanded Pillar East gold-silver structural system. The Company is focused on the discovery of copper-gold-molybdenum porphyry systems on the PIL Property.

Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange. For further information and details please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown, P. Eng.
President & CEO

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

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE Finlay Minerals Ltd.

View original content: http://www.newswire.ca/en/releases/archive/June2021/29/c8514.html

VANCOUVER, British Columbia., June 29, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente” or the “Company”) is pleased to announce the voting results for its Annual General Meeting of shareholders held Monday, June 28^th, 2021 in Vancouver, British Columbia.

A total of 79,791,878 common shares, representing 31.09% of the Company’s issued and outstanding shares were represented at the Meeting.

The following sets forth a summary of the voting results:

Number of Directors
Determining the number of Directors at six (6).

Election of Directors
Determining the Directors to hold office until the next annual meeting of shareholders of the Company.

Appointment of Auditor
Appointing Davidson and Company LLP, Chartered Professional Accountants, as Auditors of the Company for the ensuing year at a remuneration to be fixed by the Directors.

Other Matters
Approving, other business as may properly come before the Meeting or any adjournment thereof.

About Candente Copper

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

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

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

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

This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially

On behalf of the Board of Candente Copper Corp.

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

“Joanne C. Freeze” P.Geo.
President, CEO and Director
Tel +1 604-689-1957
info@candentecopper.com
www.candentecopper.com

NR-133

Just because a business does not make any money, does not mean that the stock will go down. Indeed, Thesis Gold (CVE:TAU) stock is up 362% in the last year, providing strong gains for shareholders. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

Given its strong share price performance, we think it's worthwhile for Thesis Gold shareholders to consider whether its cash burn is concerning. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

View our latest analysis for Thesis Gold

How Long Is Thesis Gold's Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. When Thesis Gold last reported its balance sheet in March 2021, it had zero debt and cash worth CA$5.2m. In the last year, its cash burn was CA$2.2m. Therefore, from March 2021 it had 2.4 years of cash runway. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.

How Is Thesis Gold's Cash Burn Changing Over Time?

Because Thesis Gold isn't currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Its cash burn positively exploded in the last year, up 16,745%. With that kind of spending growth its cash runway will shorten quickly, as it simultaneously uses its cash while increasing the burn rate. Admittedly, we're a bit cautious of Thesis Gold due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Thesis Gold Raise More Cash Easily?

While Thesis Gold 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. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Thesis Gold's cash burn of CA$2.2m is about 5.3% of its CA$41m market capitalisation. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

Is Thesis Gold's Cash Burn A Worry?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Thesis Gold's cash burn relative to its market cap was relatively promising. Based on the factors mentioned in this article, we think its cash burn situation warrants some attention from shareholders, but we don't think they should be worried. Separately, we looked at different risks affecting the company and spotted 2 warning signs for Thesis Gold (of which 1 shouldn't be ignored!) you should know about.

Of course Thesis Gold 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.

For Immediate Release

Chicago, IL – June 29, 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: Exxon Mobil Corporation XOM, Zoom Video Communications, Inc. ZM, Southern Copper Corporation SCCO, Ulta Beauty, Inc. ULTA and Burlington Stores, Inc. BURL.

Here are highlights from Monday’s Analyst Blog:

Top 5 Picks for an Investor-Friendly June

Historically, June is the second weakest month on Wall Street after September. However, this year, it is likely to end in positive territory despite growing concerns of an impending inflation and the Fed's sooner-than-expected rate hike signal.

Markets Unperturbed Despite Inflation Threat

The personal consumption expenditure (PCE) price index jumped 3.9% year over year in May, its highest since August 2008. The core (excluding volatile food and energy items) PCE — Fed's favorite inflation gauge — climbed 3.4%, its highest since April 1992.

The consumer price index (CPI) — popularly known as household inflation — jumped 5% year over year in May, its highest since September 2008. The core CPI climbed 3.8% in May, marking the largest monthly gain since 1992. Moreover, the producers' price index (PPI) soared 6.6% in May, historically its highest monthly rise.

Despite mounting inflationary pressure, the large-cap centric indexes like the S&P 500 and the Nasdaq Composite have rallied 1.8% and 4.4%, respectively, month to date. The Dow is down marginally by 0.3% so far in June. The small-cap specific Russell 2000 has surged 2.9% month to date while the mid-cap centric S&P 400 has remained almost flat. Three days of trading are still left this month.

The Fed has signaled a rate hike as early as in late 2023 and the beginning of the tapering of its $120 billion bond-buying program per month possibly in early 2022. Yet the yield on 10-Year U.S. Treasury Note continued to hover around 1.5%, far below its recent high of 1.778% recorded on Mar 30.

Inflation Likely to Promote Growth in 2021

The U.S. economy is yet to reach its pre-pandemic level as some parts of it are still not operational. Higher inflation means higher aggregate demand, which will enable businesses to deploy higher capital spending and recruit more manpower.

Moreover, businesses can generate higher profits despite raising the wage rate. The spread between higher inflation and higher wage will increase their profit and in turn encourage them to increase their scale of operation. Consequently, job creation would also increase.

Consumer spending, the biggest driver of the U.S. economy, remained steady. Personal spending in May increased by less than 0.1% while April's data was revised upward from 0.5% to 0.9%. Astonishing personal savings of around $2.6 trillion should support pent-up demand going forward.

Theoretically, inflation is generally helpful for debtors as their repayment of loan will be less valuable in real term (after adjusting inflation) than their borrowed money. Therefore, higher inflation together with a low-interest rate regime should lead to heavy deficit spending by the Federal government.

Inflation Appears Transitory

The central bank is still expecting the recent augmentation in the general price level to be transitory. On Jun 22, in his testimony before the House Select Subcommittee on the Coronavirus Crisis, Powell reiterated that inflation will be transitory as most of the recent price rise will not prevail in the long term.

The recent thrust of the demand-pull inflation will settle down once the initial euphoria of pent-up demand evaporates and the existing $300 per week unemployment benefit comes to an end in September. The cost-push inflation due to supply-chain disruptions and labor shortage problem is expected to cool down to a great extent by this year-end as businesses are already looking for affordable alternative sources.

In fact, the headline PCE inflation rose 0.4% month over month in May, lower than the 0.6% surge in April and March. Likewise, the core PCE inflation grew 0.5% month over month in May compared with 0.7% in April.

Moreover, a recent report of The Wall Street Journal revealed that after adjusting for the base effect, inflation may not be as severe as reported by the government agencies. Per the Wall Street Journal report, after adjusting for the base effect, the CPI in May rose much lower by 2.5% from the pre-pandemic level.

Finally, despite raising its projection for the inflation rate in 2021, the Fed Chairman said in his post FOMC statement that inflation will cool down to a little more than 2%, Fed's long-term inflation target, in 2022 and 2023. This is exactly what the central bank was looking for when it changed policies in the Jackson Hole Symposium in August 2020.

Our Top Picks

At this stage, it will be prudent to invest in growth stocks with a favorable Zacks Rank. We have narrowed down our search to five large-cap (market capital > $10 billion) stocks that have strong growth potential for the rest of 2021 and witnessed solid earnings estimate revisions within the last 30 days.

Each of our picks sports a Zacks Rank #1 (Strong Buy) and has Growth Score A. You can see the complete list of today's Zacks #1 Rank stocks here.

Exxon Mobil made multiple world-class oil discoveries at the Stabroek Block, located off the coast of Guyana. It recently announced another significant oil discovery at the Longtail-3 well, offshore Guyana which added to the prior estimate of gross recoverable resource of 9 billion barrels of oil equivalent. Moreover, the company also has a strong presence in the prolific Permian where it continues to lower its fracking & drilling costs.

The company  has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 0.8% over the last 7 days.

Zoom Video Communications is undoubtedly the biggest gainer of the coronavirus-induced remote working trend. Demand for its platform and solutions is expected to remain robust as healthcare experts believe that some form of social distancing will remain to prevent the recurrent transmission of COVID-19 infections. Moreover, its freemium business model helps in winning customers rapidly, which can later be converted into paying back customers.

The company has an expected earnings growth rate of 39.52% for the current year (ending January 2022). The Zacks Consensus Estimate for the current year improved 27% over the last 30 days.

Southern Copper engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 1.8% over the last 7 days.

Ulta Beauty operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools, salon services including nail products and accessories.

The company has an expected earnings growth rate of more than 100% for the current year (ending January 2022). The Zacks Consensus Estimate for the current year has improved  21.3% over the last 30 days.

Burlington Stores operates as a retailer of branded apparel products in the United States. It offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home and beauty products.

The company has an expected earnings growth rate of more than 100% for the current year (ending January 2022). The Zacks Consensus Estimate for the current year has improved  16.8% over the last 30 days.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the "Internet of Money" and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we're still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks' has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

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

VANCOUVER, British Columbia, June 29, 2021 (GLOBE NEWSWIRE) — Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce today that it has completed its previously announced overnight marketed offering (the “Offering”) which was over-subscribed for total gross proceeds of $18,400,000, which includes the exercise of the Agents’ Option (as defined below).

“We are very proud to close this significant, over-subscribed financing and we are grateful for the support of both new and existing investors, including major institutional support” stated Ewan Webster, Chief Executive Officer of Thesis. “These funds will enable us to accelerate our exploration plans at our Ranch Gold Project, where we are about to begin an extensive 20,000 metre multi-phase drill program. We expect that 2021 will be a transformational year for Thesis, aided significantly by having secured this financial backing to deliver on our plans well into 2022."

As described in a previous news release dated June 10, 2021 announcing the Offering, the Offering was for gross proceeds of $10,000,000 for common shares of the Company (the “Non-Flow Through Shares”) at a price of $1.50 per Non-Flow Through Share for the issuance of up to 6,666,666 Non-Flow Through Shares and gross proceeds of $6,000,000 for common shares of the Company which qualify as “flow-through shares” pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of $1.75 per Flow-Through Share for the issuance of up to 3,428,571 Flow-Through Shares, for combined aggregate gross proceeds of $16,000,000. The Flow-Through Shares and the Non-Flow-Through Shares are together, the "Offered Shares".

The Company granted the Agents an option (the "Agents’ Option") to offer for sale up to an additional 15% of the Offering on the same terms, exercisable in whole or in part at any time up to 30 days following the closing of the Offering. The Agents exercised the Agents’ Option in full on the date hereof.

The Offering was made pursuant to an agency agreement dated June 24, 2021 (the "Agency Agreement") among the Company and a syndicate of agents led by Clarus Securities Inc., and including Cormark Securities Inc. and P.I. Financial Corp (the "Agents").

Pursuant to the Agency Agreement, the Company (i) paid the Agents a cash commission (the "Agents' Fee") representing 6% of the gross proceeds raised under the Offering, including any gross proceeds raised upon the exercise of the Agents Option; and (ii) issued to the Agents non-transferable broker warrants (each, a "Broker Warrant") entitling the Agents to acquire that number of Non-Flow-Through Shares equal to 6% of the total number of Offered Shares sold pursuant to the Offering (including the Agents Option). Each Broker Warrant will entitle the holder to acquire one Non-Flow-Through Shares at a price of $1.50 per share at any time for a period of 18 months from the closing date of the Offering at an exercise price equal to the Non-Flow-Through Shares offering price.

The Flow-Through Shares and Non-Flow-Through Shares were issued under the Offering pursuant to a short form prospectus (the "Prospectus") dated June 24, 2021 filed in each of British Columbia, Alberta, Ontario, and on a private placement basis in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and applicable state securities laws, and by private placement to eligible purchasers resident in jurisdictions other than Canada and the United States.

The Company intends to use the net proceeds of the Offering to fund expenditures at the Company's Ranch Gold exploration project in British Columbia and for general working capital purposes.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Offered Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Thesis Gold

Thesis Gold is a Vancouver based mineral exploration company focused on proving and developing the resource potential of the 178km2 Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C.

Further details are available on the Company's website at: https://www.thesisgold.com/

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

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

For further information or investor relations inquiries, please contact:

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

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren't timid and registered double digit market beating gains. Financials, energy and industrial stocks initially suffered the most but many of these stocks delivered strong returns since November and hedge funds actually increased their positions in these stocks. In this article we will find out how hedge fund sentiment towards PolyMet Mining Corp. (NYSE:PLM) changed recently.

Is PolyMet Mining Corp. (NYSE:PLM) the right pick for your portfolio? The smart money was becoming hopeful. The number of bullish hedge fund bets went up by 2 recently. PolyMet Mining Corp. (NYSE:PLM) was in 6 hedge funds' portfolios at the end of March. The all time high for this statistic was previously 4. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that PLM isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Hedge funds have more than $3.5 trillion in assets under management, so you can't expect their entire portfolios to beat the market by large margins. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). So you can still find a lot of gems by following hedge funds' moves today.

John Overdeck of Two Sigma Advisors

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund owns nearly 40% of this $24 biotech stock and is trying to buy the rest for around $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind let's take a peek at the recent hedge fund action encompassing PolyMet Mining Corp. (NYSE:PLM).

Do Hedge Funds Think PLM Is A Good Stock To Buy Now?

At the end of the first quarter, a total of 6 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 50% from the previous quarter. On the other hand, there were a total of 3 hedge funds with a bullish position in PLM a year ago. With the smart money's capital changing hands, there exists an "upper tier" of noteworthy hedge fund managers who were boosting their holdings meaningfully (or already accumulated large positions).

Among these funds, Renaissance Technologies held the most valuable stake in PolyMet Mining Corp. (NYSE:PLM), which was worth $1 million at the end of the fourth quarter. On the second spot was Two Sigma Advisors which amassed $0.5 million worth of shares. Elkhorn Partners, Paloma Partners, and Millennium Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Elkhorn Partners allocated the biggest weight to PolyMet Mining Corp. (NYSE:PLM), around 0.24% of its 13F portfolio. Paloma Partners is also relatively very bullish on the stock, earmarking 0.0029 percent of its 13F equity portfolio to PLM.

As aggregate interest increased, specific money managers were breaking ground themselves. Renaissance Technologies, assembled the largest position in PolyMet Mining Corp. (NYSE:PLM). Renaissance Technologies had $1 million invested in the company at the end of the quarter. Ken Griffin's Citadel Investment Group also initiated a $0 million position during the quarter.

Let's go over hedge fund activity in other stocks similar to PolyMet Mining Corp. (NYSE:PLM). We will take a look at Arbutus Biopharma Corp (NASDAQ:ABUS), Centrus Energy Corp. (NYSE:LEU), Net 1 UEPS Technologies Inc (NASDAQ:UEPS), iRadimed Corporation (NASDAQ:IRMD), G. Willi-Food International Limited (NASDAQ:WILC), Cheetah Mobile Inc (NYSE:CMCM), and Utah Medical Products, Inc. (NASDAQ:UTMD). This group of stocks' market values resemble PLM's market value.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position ABUS,15,20046,4 LEU,6,16375,2 UEPS,8,23623,-3 IRMD,3,50698,-2 WILC,2,31828,0 CMCM,4,3156,0 UTMD,4,28627,-2 Average,6,24908,-0.1 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $25 million. That figure was $2 million in PLM's case. Arbutus Biopharma Corp (NASDAQ:ABUS) is the most popular stock in this table. On the other hand G. Willi-Food International Limited (NASDAQ:WILC) is the least popular one with only 2 bullish hedge fund positions. PolyMet Mining Corp. (NYSE:PLM) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for PLM is 52.4. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 19.3% in 2021 through June 25th and still beat the market by 4.8 percentage points. A small number of hedge funds were also right about betting on PLM as the stock returned 21.8% since the end of the first quarter (through 6/25) and outperformed the market by an even larger margin.

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VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of April 28, 2021 regarding the Default Notice received from Pala Investments Ltd (“Pala”) and the subsequent Standstill Agreement entered into with Pala.

The Company announces that it has today entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the standstill period until September 30, 2021.

Furthermore, Melior has also today entered into a further amended demand promissory note (the “Amended Promissory Note”) with Pala extending the maturity of the loan from June 30, 2021 to September 30, 2021. All other terms of the Amended Promissory Note remain unchanged.

MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
info@meliorresources.com

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

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is ANGLO AMER ADR (NGLOY). NGLOY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 6.24, while its industry has an average P/E of 7.48. Over the past year, NGLOY's Forward P/E has been as high as 12.90 and as low as 5.75, with a median of 8.42.

We should also highlight that NGLOY has a P/B ratio of 1.70. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.22. Over the past 12 months, NGLOY's P/B has been as high as 2.04 and as low as 1.03, with a median of 1.49.

These figures are just a handful of the metrics value investors tend to look at, but they help show that ANGLO AMER ADR is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NGLOY feels like a great value stock at the moment.

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VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce the completion a of a private placement of 500,000 shares of common stock of the Company (the “Shares”) at a price of C$1.00 per Share for gross proceeds of C$500,000. (the “Private Placement”).

No placement agent or finder’s fees were paid in connection with the Private Placement, and the net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes.

All securities issued pursuant to the Private Placement are subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from the date of closing of the Private Placement, and will be restricted securities for purposes of U.S. securities laws.

The securities issued under the Private Placement have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of Silver Bull’s securities in the United States.

Change of Transfer Agent

The Company also announces that Olympia Trust Company has replaced Equiniti Trust Company and TSX Trust Company as the registrar and transfer agent of the Company. Shareholders need not take action in respect of the change in transfer agent.

In all jurisdictions, all inquiries and correspondence relating to shareholders’ records, transfer of shares, lost certificates and or change of address should now be directed to Olympia Trust Company at the contact information below:

Olympia Trust Company
Attn: Corporate & Shareholder Services
PO Box 128, STN M
Calgary AB T2P 2H6
Tel: 1-833-684-1546 (toll free in North America)
Fax: (403) 668-8307
Email: cssinquiries@olympiatrust.com
Website: https://css.olympiatrust.com

About Silver Bull
Silver Bull is a Vancouver-based mineral exploration company whose shares are listed on the TSX and trade on the OTCQB in the United States. Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc. Sierra Mojada is currently under a joint venture option with South32 International Investment Holdings Pty Ltd. In addition, Silver Bull’s majority-owned subsidiary, Arras Minerals Corp., holds an Option Agreement to acquire the Beskauga Copper-Gold Project, located in North Eastern Kazakhstan.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer, President and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com

Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future events and Silver Bull's future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the U.S. Securities Act, and the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements in this news release include, among others, statements regarding the expected use of proceeds from the Private Placement. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull's exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull's management. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in Silver Bull's Annual Report on Form 10-K for the fiscal year ended October 31, 2020 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investors interested in stocks from the Mining – Miscellaneous sector have probably already heard of Billiton (BBL) and BHP (BHP). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Billiton and BHP are both sporting a Zacks Rank of # 1 (Strong Buy) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. But this is just one factor that value investors are interested in.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

BBL currently has a forward P/E ratio of 8.98, while BHP has a forward P/E of 10.96. We also note that BBL has a PEG ratio of 2.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BHP currently has a PEG ratio of 2.64.

Another notable valuation metric for BBL is its P/B ratio of 1.19. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, BHP has a P/B of 2.25.

These are just a few of the metrics contributing to BBL's Value grade of A and BHP's Value grade of D.

Both BBL and BHP are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that BBL is the superior value option right now.

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We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So should Red Metal (ASX:RDM) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for Red Metal

Does Red Metal Have A Long 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 December 2020, Red Metal had AU$3.5m in cash, and was debt-free. In the last year, its cash burn was AU$783k. That means it had a cash runway of about 4.5 years as of December 2020. 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 Well Is Red Metal Growing?

It was fairly positive to see that Red Metal reduced its cash burn by 28% during the last year. But the operating revenue growth of 204% was even better. We think it is growing rather well, upon reflection. In reality, this article only makes a short study of the company's growth data. You can take a look at how Red Metal is growing revenue over time by checking this visualization of past revenue growth.

Can Red Metal Raise More Cash Easily?

We are certainly impressed with the progress Red Metal has made over the last year, but it is also worth considering how costly it would be if it wanted to raise more cash to fund faster growth. Companies can raise capital through either debt or equity. 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).

Since it has a market capitalisation of AU$34m, Red Metal's AU$783k in cash burn equates to about 2.3% of its 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 Red Metal's Cash Burn?

As you can probably tell by now, we're not too worried about Red Metal's cash burn. In particular, we think its revenue growth stands out as evidence that the company is well on top of its spending. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash. Its important for readers to be cognizant of the risks that can affect the company's operations, and we've picked out 3 warning signs for Red Metal that investors should know when investing in the stock.

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

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

VANCOUVER, BC / ACCESSWIRE / June 28, 2021 / International Millennium Mining Corp. (TSXV:IMI) (the "Company" or "IMMC") is pleased to announce that it is in the process of changing the Company's name to "Millennium Silver Corp." Concurrent with the proposed name change the Company has reserved "MSC" as the new trading symbol for its common shares with the TSX Venture Exchange (the "TSX-V"). The proposed name change and trading symbol change are subject to final approval of the TSX-V.

No action will be required by existing shareholders with respect to the name change. Issued share certificates representing common shares of the Company will not be affected by the change of name and will not need to be exchanged. The Company encourages any shareholder concerns in this regard to be directed to their broker or agent.

Stock Option Grant

The Company also announces the granting of an additional 7,840,000 stock options, with an exercise price of $0.05 cents per share, for the purchase of up to 7,840,000 shares of the Company, expiring June 1, 2026. The stock options are being issued to directors, officers and employees of the Company and are subject to approval by regulatory authorities.

International Millennium Mining Corp. (TSXV:IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company's common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD
'John A. Versfelt"
John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com), the Company's website (www.immc.ca) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

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 forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. 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: International Millennium Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/653191/International-Millennium-Mining-Corp-Announces-Name-Change-and-Stock-Option-Grant

VANCOUVER, BC / ACCESSWIRE / June 28, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling them to purchase up to a total of 2,500,000 common shares at a price of $0.39 per share for a period of five years. The options will vest on a quarterly basis commencing three months from the date of grant.

About Strategic Metals Ltd.
Strategic is a project generator with 11 royalty interests, 8 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of $9 million and large shareholdings in a number of active mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.9% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio is approximately $33 million.

ON BEHALF OF THE BOARD
"W. Douglas Eaton"
President and Chief Executive Officer

For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:

Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.com

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

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/653179/Strategic-Metals-Ltd-Announces-Granting-of-Stock-Options

Historically, June is the second weakest month on Wall Street after September. However, this year, it is likely to end in positive territory despite growing concerns of an impending inflation and the Fed's sooner-than-expected rate hike signal.

Markets Unperturbed Despite Inflation Threat

The personal consumption expenditure (PCE) price index jumped 3.9% year over year in May, its highest since August 2008. The core (excluding volatile food and energy items) PCE — Fed's favorite inflation gauge — climbed 3.4%, its highest since April 1992.

The consumer price index (CPI) — popularly known as household inflation — jumped 5% year over year in May, its highest since September 2008. The core CPI climbed 3.8% in May, marking the largest monthly gain since 1992. Moreover, the producers' price index (PPI) soared 6.6% in May, historically its highest monthly rise.

Despite mounting inflationary pressure, the large-cap centric indexes like the S&P 500 and the Nasdaq Composite have rallied 1.8% and 4.4%, respectively, month to date. The Dow is down marginally by 0.3% so far in June. The small-cap specific Russell 2000 has surged 2.9% month to date while the mid-cap centric S&P 400 has remained almost flat. Three days of trading are still left this month.

The Fed has signaled a rate hike as early as in late 2023 and the beginning of the tapering of its $120 billion bond-buying program per month possibly in early 2022. Yet the yield on 10-Year U.S. Treasury Note continued to hover around 1.5%, far below its recent high of 1.778% recorded on Mar 30.

Inflation Likely to Promote Growth in 2021

The U.S. economy is yet to reach its pre-pandemic level as some parts of it are still not operational. Higher inflation means higher aggregate demand, which will enable businesses to deploy higher capital spending and recruit more manpower.

Moreover, businesses can generate higher profits despite raising the wage rate. The spread between higher inflation and higher wage will increase their profit and in turn encourage them to increase their scale of operation. Consequently, job creation would also increase.

Consumer spending, the biggest driver of the U.S. economy, remained steady. Personal spending in May increased by less than 0.1% while April's data was revised upward from 0.5% to 0.9%. Astonishing personal savings of around $2.6 trillion should support pent-up demand going forward.

Theoretically, inflation is generally helpful for debtors as their repayment of loan will be less valuable in real term (after adjusting inflation) than their borrowed money. Therefore, higher inflation together with a low-interest rate regime should lead to heavy deficit spending by the Federal government.

Inflation Appears Transitory

The central bank is still expecting the recent augmentation in the general price level to be transitory. On Jun 22, in his testimony before the House Select Subcommittee on the Coronavirus Crisis, Powell reiterated that inflation will be transitory as most of the recent price rise will not prevail in the long term.

The recent thrust of the demand-pull inflation will settle down once the initial euphoria of pent-up demand evaporates and the existing $300 per week unemployment benefit comes to an end in September. The cost-push inflation due to supply-chain disruptions and labor shortage problem is expected to cool down to a great extent by this year-end as businesses are already looking for affordable alternative sources.

In fact, the headline PCE inflation rose 0.4% month over month in May, lower than the 0.6% surge in April and March. Likewise, the core PCE inflation grew 0.5% month over month in May compared with 0.7% in April.

Moreover, a recent report of The Wall Street Journal revealed that after adjusting for the base effect, inflation may not be as severe as reported by the government agencies. Per the Wall Street Journal report, after adjusting for the base effect, the CPI in May rose much lower by 2.5% from the pre-pandemic level.

Finally, despite raising its projection for the inflation rate in 2021, the Fed Chairman said in his post FOMC statement that inflation will cool down to a little more than 2%, Fed's long-term inflation target, in 2022 and 2023. This is exactly what the central bank was looking for when it changed policies in the Jackson Hole Symposium in August 2020.

Our Top Picks

At this stage, it will be prudent to invest in growth stocks with a favorable Zacks Rank. We have narrowed down our search to five large-cap (market capital > $10 billion) stocks that have strong growth potential for the rest of 2021 and witnessed solid earnings estimate revisions within the last 30 days. Each of our picks sports a Zacks Rank #1 (Strong Buy) and has Growth Score A. You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past three months.

Image Source: Zacks Investment Research

Exxon Mobil Corp. XOM made multiple world-class oil discoveries at the Stabroek Block, located off the coast of Guyana. It recently announced another significant oil discovery at the Longtail-3 well, offshore Guyana which added to the prior estimate of gross recoverable resource of 9 billion barrels of oil equivalent. Moreover, the company also has a strong presence in the prolific Permian where it continues to lower its fracking & drilling costs.

The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 0.8% over the last 7 days.

Zoom Video Communications Inc. ZM is undoubtedly the biggest gainer of the coronavirus-induced remote working trend. Demand for its platform and solutions is expected to remain robust as healthcare experts believe that some form of social distancing will remain to prevent the recurrent transmission of COVID-19 infections. Moreover, its freemium business model helps in winning customers rapidly, which can later be converted into paying back customers.

The company has an expected earnings growth rate of 39.52% for the current year (ending January 2022). The Zacks Consensus Estimate for the current year improved 27% over the last 30 days.

Southern Copper Corp. SCCO engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 1.8% over the last 7 days.

Ulta Beauty Inc. ULTA operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools, salon services including nail products and accessories.

The company has an expected earnings growth rate of more than 100% for the current year (ending January 2022). The Zacks Consensus Estimate for the current year has improved 21.3% over the last 30 days.

Burlington Stores Inc. BURL operates as a retailer of branded apparel products in the United States. It offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home and beauty products.

The company has an expected earnings growth rate of more than 100% for the current year (ending January 2022). The Zacks Consensus Estimate for the current year has improved 16.8% over the last 30 days.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

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