Highlights:

• 4,000m drilling campaign to test seven target areas identified from elevated silver, lead and zinc soil anomalies along the controlling Fault that's associated with the previously announced silver discoveries; and

• Drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.5m of 94 g/t silver and NC19-306, located 6.8 kms to the south, intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc.

VANCOUVER, BC, June 28, 2021 /CNW/ – Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTC: CLLXF) is pleased to announce that personnel and a drill rig are being mobilized to commence an up to 4,000m drilling campaign to drill test 10 km of the 18 km Black Point Arleau Brook Fault (the "Fault"). The drilling campaign will focus on key drill targets identified during the 2020 soil sampling campaign at the 100% owned Nash Creek Project (the "Project") located within the Bathurst Mining District of New Brunswick (See Figure 1).

Max Porterfield, President and CEO, stated, "We are excited to commence drilling at the Nash Creek Project as we focus on expanding upon the two silver discoveries made last year." Mr. Porterfield continued, "The focus of this drilling campaign is to test for silver mineralization along the 10km trend. If successful, this would put the company on a path to begin building a near surface silver resource at Nash Creek and with it the potential to further improve upon the maiden Preliminary Economic Assessment ("PEA") that was published on the Bathurst Portfolio in 2018."

Callinex's technical team has identified seven new target areas based on elevated, silver, lead, and zinc soil anomalies that cover over 10 km of the southern portion of the 18 km Black Point Arleau Brook Fault (the "Fault"). The Fault is spatially associated with two previously announced silver discoveries located 6.8 km apart (See Figure 2). Drill hole NC20-313 intersected 28.6m of 57 g/t silver at a vertical depth of 120m including 16.5m of 94 g/t silver and NC19-306 which intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc at a starting depth of 34.0m (See News Releases dated June 15, 2020 and June 4, 2020).

The 10 km area of interest has been subdivided into two target areas:

Target Area 313

Target Area 313 is the northern 5.0 km of the sampled area where NC20-313 was drilled. Of the potential 5.0 km of strike, 3.7 km show strong linear correlations between silver/lead soil anomalies which supports the mineralization intersected in NC20-313 (See Figure 3). Additionally, this target area is associated with a low resistivity Induced Polarization ("IP") anomaly which suggests alteration similar to what was observed in NC20-313 (See Figure 4). The elevated soil anomalies and IP resistivity low coincide with the interpreted conductive airborne Versatile Time Domain Electromagnetic (VTEM) anomalies previously identified which could suggest an increase in silver rich sulphide mineralization similar to what was intersected in hole NC20-313.

Target Area 306

This target area is the southern 5 km of the sampled area where NC19-306 was drilled. As seen in the northern area, soil results in the southern portion define four targets recommended for drilling which span 1.7 km of prospective strike. Of particular interest from the soil sampling results are highlighted by anomalous silver along the Fault (See Figure 5). The elevated silver anomalies are coincident with a much larger IP resistivity low anomaly and sits along a felsic/sediment rock contact (See Figure 6). Drill hole NC19-306 was drilled vertically and did not test the main controlling fault. It should be noted that the 2006 VTEM survey that was completed was limited to a small portion of Target Area 313 and did not cover any of Target Area 306.

The silver mineralization defined by the two discovery holes is interpreted to be hosted within faulted / brecciated rhyolites, with alteration consisting of silica, pyrite, galena +/- calcite interstitial to the felsic fragments. Mineralization associated with faulting and the extensive soil anomalies defined along the Fault highlights the potential for additional silver mineralization to be discovered along the 10km trend.

Callinex is well funded to carry out the 4,000 metre drill campaign at Nash Creek and continues to carry out extensive drilling at the recently discovered Rainbow Deposit at the Pine Bay Project, Manitoba.

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

Figure 1: Bathurst Regional Overview

Figure 2: Nash Creek 2020 Soil Sampling Results Overview with Silver

Figure 3: Nash Creek Soil Sampling Results – Target Area 313 Silver with Geology

Figure 4: Nash Creek Soil Sampling Results – Target Area 313 Silver with Resistivity and VTEM

Figure 5: Nash Creek Soil Sampling Results – Target Area 306 Silver with Geology

Figure 6: Nash Creek Soil Sampling Results – Target Area 306 Silver with Resistivity

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:https://www.prnewswire.com/news-releases/callinex-to-commence-drilling-campaign-to-follow-up-on-silver-discoveries-at-the-nash-creek-project-in-bathurst-mining-district-new-brunswick-301320909.html

SOURCE Callinex Mines Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2021/28/c9017.html

Vancouver, British Columbia–(Newsfile Corp. – June 25, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce that it has closed the previously announced asset purchase transaction pursuant to which Gold Line Resources Ltd. (TSXV: GLDL) ("Gold Line") has acquired a 100% interest in Agnico Eagle Mines Limited's (NYSE: AEM) (TSX: AEM) ("Agnico") Oijärvi Gold Project located in central Finland and Solvik Gold Project located in southern Sweden (collectively, the "Projects") for an aggregate purchase price of US$10 million comprised of cash and shares of each of EMX and Gold Line (the "Transaction"). In connection with the Transaction, Agnico will retain a 2% net smelter return ("NSR") royalty on the Projects, 1% of which may be purchased at any time by EMX for US$1 million.

The Transaction has been completed pursuant to an asset purchase agreement dated March 19, 2021 (the "Agreement") among the Company, Gold Line, Agnico, Agnico Eagle Finland Oy and Agnico Eagle Sweden AB. As a result of the Agreement, Agnico has become a shareholder of EMX and Gold Line, and EMX will increase its equity holdings in Gold Line and receive staged cash payments from Gold Line. EMX will also gain additional royalty exposure in two emerging gold belts in the Nordic region.

Consideration for the Transaction is US$10 million, comprised of US$7 million in cash, US$1.5 million in common shares of EMX ("EMX Shares") and US$1.5 million in common shares of Gold Line ("Gold Line Shares"), which is required to be paid to Agnico as follows:

In addition, EMX will receive cash and share payments from Gold Line as set out in the table below:

EMX Shares and Gold Line Shares and issuable in connection with the Transaction are based on the volume-weighted average price for the 20 trading days (the "20-day VWAP") prior to the date of issuance, with the exception of the first tranche, which was based on the 20-day VWAP prior to the effective date of the Agreement on March 18, 2021.

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/88718

Toronto, Ontario–(Newsfile Corp. – June 25, 2021) – Xtierra Inc. (TSXV: XAG) ("Xtierra" or the "Company") reports that it held its Annual Meeting of Shareholders yesterday, June 24, 2021, in Toronto at which all resolutions were approved and passed.

Retirement of Directors

The meeting marked the retirement of two long serving Directors.

John Kearney had been Chairman of the Company since its incorporation in 2008 and Terence McKillen had previously served as Chief Executive from 2008 until 2013. The Board of Directors thanked them for their long standing contribution over many years.

Election of Directors at the AGM

All of the nominees for election as directors: Messrs. Tim Gallagher, Gerald Gauthier, Stephen Stewart and Paul O'Brien were unanimously elected as directors, to serve until the next annual general meeting of shareholders.

We are pleased to welcome two new directors to the Board, Stephen Stewart and Paul O'Brien.

Stephen Stewart is the CEO and Director of Orefinders Resources Inc. and QC Copper & Gold, both TSX Venture listed companies, while also being a Chair of Mistango River Resources and Baselode Energy Corp. He is also founder of the Ore Group, an organization focused on natural resource discovery and development. Stephen is also the founder and Chairman of the Young Mining Professionals Scholarship Fund, the largest mining-focused charitable organization and fund, which supports mining engineering and geology education in Canada.

Paul O'Brien has a total of 22 years experience in mining capital markets, including more than seven years of award-winning gold equity research covering developing companies to senior producers, as well as precious metals commodity forecasting, primarily for pension, mutual and hedge funds. In addition, he has +14 years experience in corporate advisory and investment banking primarily focused on the mining industry where he gained global capital markets experience having been based in various global mining centres (Toronto, Vancouver, Sydney, Perth) as a member of bank-owned capital markets groups and VP and Partner at independent firms.

Re-Appointment of Auditors

McGovern Hurley LLP Chartered Professional Accountants were re-appointed as Auditors for the current year and the directors were authorized to fix the remuneration of the Auditors.

Ratification of Stock Option Plan

The ratification of the Company's stock option plan was approved.

ABOUT XTIERRA INC.

Xtierra is a natural resource company with precious and base metal mineral properties in the Central Silver Belt of Mexico in the State of Zacatecas and is pursuing new opportunities including identifying and evaluating new potential royalty acquisitions.

Xtierra holds a 100% interest, subject to a 1.5% net smelter royalty repurchased in July 2019, on the Bilbao project silver-lead-zinc-copper project located in the southeastern part of the State of Zacatecas.

Xtierra owns 88% of the outstanding shares of Minera Portree de Zacatecas, S.A. de C.V ("Minera Portree") which holds various legal or royalty interests in certain mineral properties in Mexico, including the Company's Bilbao property, and an asserted claim to a 2% net smelter royalty on six mining concessions located adjacent to the Cozamin Mine operated by Capstone Mining Corp., which claim is challenged by Capstone.

For further information contact Xtierra Inc. at info@xtierra.ca

Tim Gallagher,
President & Director
416-925-0090

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88722

We often see insiders buying up shares in companies that perform well over the long term. 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 APN Convenience Retail REIT (ASX:AQR).

What Is Insider Selling?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. 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 logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

See our latest analysis for APN Convenience Retail REIT

The Last 12 Months Of Insider Transactions At APN Convenience Retail REIT

Over the last year, we can see that the biggest insider purchase was by Independent Director of APN Funds Management Limited Howard Brenchley for AU$90k worth of shares, at about AU$3.61 per share. That means that an insider was happy to buy shares at around the current price of AU$3.77. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months APN Convenience Retail REIT insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that APN Convenience Retail REIT insiders own 4.1% of the company, worth about AU$19m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The APN Convenience Retail REIT Insider Transactions Indicate?

There haven't been any insider transactions in the last three months — that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in APN Convenience Retail REIT and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing APN Convenience Retail REIT. Case in point: We've spotted 3 warning signs for APN Convenience Retail REIT you should be aware of.

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

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

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

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

VANCOUVER, British Columbia, June 25, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) is pleased to announce the successful completion of its previously announced rights offering (the “Rights Offering”), which expired at 2:00 p.m. (Pacific Time) today. The Company will issue a total of 12,853,267 common shares in the Rights Offering for gross proceeds of approximately $60.4 million.

The Company will issue a total of 10,992,281 common shares under basic subscription privileges in the Rights Offering and a total of 1,860,986 common shares under additional subscription privileges. To the knowledge of the Company, no person will become an insider as a result of the Rights Offering. The total number of issued and outstanding common shares of the Company upon completion of the Rights Offering will be 141,392,191.

The proceeds of the Rights Offering will be used as set out in the Company’s Rights Offering circular dated May 18, 2021.

This news release does not constitute an offer for sale or the solicitation of an offer to buy any securities in the United States. The Company registered the offer and sale of the shares issuable on exercise of the rights on a Form F-7 registration statement (File No. 333-256267) under the U.S. Securities Act of 1933, as amended, a copy of which can be found at www.sec.gov and may also be obtained by contacting the Chief Financial Officer at 604.488.2658 or by email at darb.dhillon@imperialmetals.com.

About Imperial

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

Company Contacts

Brian Kynoch | President | 604.669.8959
Darb Dhillon | Chief Financial Officer | 604.488.2658

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release are not statements of historical fact and are "forward-looking" statements. Forward-looking statements relate to future events or future performance and reflect Company management's expectations or beliefs regarding future events and include, but are not limited to, specific statements regarding the closing of the Rights Offering and the use of proceeds from the Rights Offering. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “outlook”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. Forward-looking information is not based on historical facts, but rather on then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including assumptions that: the Company will receive all necessary regulatory, stock exchange and third party approvals in respect of the Rights Offering; the timing of the Rights Offering will meet the Company’s expectations based on its business and operational requirements; and the Rights Offering will provide sufficient liquidity to support the Company’s intended use of the proceeds therefrom. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. We can give no assurance that the forward-looking information will prove to be accurate.

By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks that the Rights Offering will not provide the expected liquidity or benefits to the Company’s business or operations; risks that required consents and approvals will be delayed or not be received in order to advance or complete the Rights Offering; uncertainties relating to the cost of completing the Rights Offering; risks that could cause the Company to allocate the proceeds of the Rights Offering in a manner other than as disclosed, including all of the risks related to the Company's business, financial condition, result of operations and cash flows; and other risks related to the mining industry and the Rights Offering as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Hannans Limited (ASX:HNR).

What Is Insider Buying?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, most countries require that the company discloses such transactions to the market.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

View our latest analysis for Hannans

Hannans Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Christopher Reed for AU$365k worth of shares, at about AU$0.0044 per share. We do like to see buying, but this purchase was made at well below the current price of AU$0.007. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Christopher Reed bought 92.95m shares over the last 12 months at an average price of AU$0.0047. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 6.0% of Hannans shares, worth about AU$988k, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Hannans Tell Us?

It doesn't really mean much that no insider has traded Hannans shares in the last quarter. However, our analysis of transactions over the last year is heartening. The transactions are fine but it'd be more encouraging if Hannans insiders bought more shares in the company. 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. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Hannans.

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.

MELBOURNE (Reuters) -A Rio Tinto Ltd forerunner failed to protect 18,000-year-old artefacts showing how people lived during the last Ice Age, part of destruction that the mining giant kept secret for decades, an Australian Aboriginal group alleged on Friday.

The group said that Rio, despite pledges to improve how it protects Indigenous heritage after its destruction of sacred sites last year, did not come clean about the 1990s destruction of heritage at an iron ore mine that local Aboriginal people still do not have access to.

Australian mining "is an industry that hasn’t behaved responsibly and an industry that needs far greater oversight in heritage protection and agreement making," the Wintawari Guruma Aboriginal Corporation (WGAC) said in a statement.

The troubled relationship between mining, a core industry for Australia's economy, and the nation's Aboriginal heritage attracted global attention last year when Rio, with state approval, blew up two ancient rock shelters considered sacred to Indigenous people in Western Australia.

Outrage at the legal destruction featured in Black Lives Matter protests in a country where Aboriginal people have long suffered higher rates of imprisonment, unemployment and lower life expectancy.

The furore led Rio to replace top executives and promise to overhaul its heritage protection practices.

Friday's claims, in a submission to a government inquiry, concern different sites in the same region, around the Marandoo iron ore mine. The group said it had learned that material dating back at least 18,000 years and other artefacts had been thrown in a Darwin rubbish heap.

Rio Tinto Iron Ore chief executive Simon Trott said in a statement: "We’re not proud of many parts of our history at Marandoo and we reiterate our apology to the Traditional Owners of the land, the Eastern Guruma People, for our past actions. We know we have a lot of work ahead to right some of these historical wrongs, which fell well short of the standards we expect today."

Trott's statement did not address the Indigenous group's specific allegations. Rio declined to comment beyond the statement.

The Aboriginal group's submission highlights an Australian legal structure that has long greenlighted mining development at the expense of historically important cultural sites.

"Any site dating from the last Ice Age is significant because people were using these sites as refuges, so we can get a sense of how they were reacting to glacial conditions," said Duncan Wright, a specialist in Indigenous archaeology at Australian National University.

"If you had sites of this significance in England, they would be protected – it's like destroying Stonehenge," said Wright, who has not seen the material. The sites could, in fact, have been significantly older, given the technology available in the 1990s, he said.

HERITAGE 'IN THE BIN'

Hamersley Iron Pty Ltd and the Western Australia state government knew by May 1992 "that rock shelter 'MG2' in Manganese Gorge contained Aboriginal cultural material dating back 18,000 years," the first evidence of Aboriginal habitation through the Ice Age, WGAC said in the submission. Rio acquired Hamersley in 2001.

Material from that rock shelter was accidentally dumped in landfill, and Hamersley later approved plans to discard unanalysed material from 20 of 28 sites that were salvaged, it said.

"It is a wound that has not healed – that so many cultural sites were lost, blasted into fragments, without even a record, note or photograph kept," the group said. "Nothing remains today beyond a deep hole in the ground."

The group said this contravened state regulations requiring the miner to safeguard salvaged material, part of an arrangement that exempts Rio from complying with state heritage laws.

Indigenous groups have mounted opposition to state government revisions of heritage protection laws that have legalised the destruction of ancient sites.

Trott said Rio also supports repealing the law that created the exemption, the Marandoo Act 1992, and that "discussions with Traditional Owner groups to better understand and reflect their wishes are ongoing."

The Aboriginal group said artefacts in early reports had included grinding material, hearths, marine shell, bone, stone and wooden items from an area that contained numerous rock shelters, a ceremonial area and a waterhole with engravings.

"So little was the respect for either the State’s conditions, or for the cultural heritage that was destroyed on a massive scale, hundreds of Eastern Guruma cultural artefacts ended up in the bin," it said.

The group noted reports of vandalism at the M2 rock shelter, including a drill rig putting a hole through its roof.

WGAC said they remain unable to assess the heritage at Marandoo that is not included in their legal native title claim, and that Rio does not pay royalties on the three oldest of its six mines on its ancestral land.

"It is not surprising that this sort of behaviour occurred in Western Australia, some 28 years before Juukan Gorge," the area of last year's destruction, the WGAC board in a statement.

(Reporting by Melanie Burton; Editing by William Mallard)

(Reuters) – Hudbay Minerals Inc, a Canada-based diversified mining company, said late Thursday that it has resumed operations at its Lalor mine, where production was halted due to a fatality last week.

Hoisting activities resumed on June 23 and production has returned to normal levels at the mine, located in the town of Snow Lake in Manitoba, the company said in a statement.

The fatality at Lalor mine occurred when a worker employed by a service provider was fatally injured from a fall while working at a height.

(Reporting by Juby Babu in Bengaluru, Editing by Sherry Jacob-Phillips)

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

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 value investors might notice is Billiton (BBL). BBL is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 6.73, which compares to its industry's average of 7.35. BBL's Forward P/E has been as high as 14.06 and as low as 6.45, with a median of 10.47, all within the past year.

Investors should also recognize that BBL has a P/B ratio of 1.16. 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. BBL's current P/B looks attractive when compared to its industry's average P/B of 3.16. Within the past 52 weeks, BBL's P/B has been as high as 1.32 and as low as 0.78, with a median of 1.07.

These are just a handful of the figures considered in Billiton's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that BBL is an impressive value stock right now.

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

VANCOUVER, BC, June 25, 2021 /CNW/ – Finlay Minerals Ltd. (TSXV: FYL) ("Finlay" or the "Company") is pleased to announce that, due to strong investor demand for its non-brokered private placement previously announced on June 17, 2021 (the "Private Placement"), the Company has agreed to increase the size of the Private Placement from $2,000,000 to up to $2,635,000.

Under the increased Private Placement, the Company will sell up to: (i) 18,166,666 units (each, a "NFT Unit"), at a price of $0.09 per NFT Unit, with each NFT Unit comprising one common share of the Company and one common share purchase warrant (each, a "Unit Warrant"); and (ii) 8,333,333 flow-through units ("FT Units"), at a price of $0.12 per FT Unit, with each FT Unit comprising one common share of the Company which qualifies as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one Unit Warrant. Each Unit Warrant shall entitle the holder thereof to acquire one additional common share of the Company (each, a "Warrant Share") at an exercise price of $0.135 per Warrant Share for a period of twenty-four months from the issuance of each such Unit Warrant.

For further information regarding the Private Placement, please refer to the News Release dated June 17, 2021, a copy of which is available on the Company's SEDAR profile at www.sedar.com.

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 eight known copper-gold-molybdenum porphyry mineralized zones including several gold-silver epithermal structural systems.

Qualified Person:

Robert Brown, P.Eng. is the qualified person as defined by National Instrument 43-101 and has approved the technical content of this news release.

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 and Director

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. Forward-looking statements in this news release include statements regarding, among others, the anticipated size of the Private Placement. 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/June2021/25/c1457.html

TORONTO, June 25, 2021 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) announces that its wholly owned subsidiary, Goodman & Company, Investment Counsel Inc. on behalf of managed accounts, has disposed of 2,000,000 common shares (“Shares”) of Cantex Mine Development Corp. (TSXV:CD) (the “Issuer”) at an average price of $0.51 per share.

Immediately prior to the disposition of securities described in this news release, Dundee owned or controlled 4,214,545 Shares and warrants to purchase up to 2,000,000 Shares representing an approximate 7.92% interest in the Issuer on an undiluted basis and 11.25% on a partially diluted basis. Immediately following the transaction that triggered the requirement to file this news release, Dundee owns 2,214,545 Shares and warrants to purchase up to 2,000,000 Shares, representing an approximate 4.16% interest in the Issuer on an undiluted basis and 7.63% on a partially diluted basis.

Dundee disposed of the Shares of the Issuer for investment purposes only. Dundee intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Issuer, subsequent developments affecting the Issuer or its business, and the general market and economic conditions. Based upon these and other factors, Dundee may decide to purchase or sell securities of the Issuer.

For additional information, an early warning report will be filed on SEDAR or may be obtained by contacting:

Dundee Corporation
Legal Department
1 Adelaide Street East, Suite 2000
Toronto, Ontario M5C 2V9
Tel: (416) 350-3388

ABOUT DUNDEE CORPORATION
Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.

FOR FURTHER INFORMATION PLEASE CONTACT:
Greg DiTomaso
NATIONAL Public Relations
T: (416) 433-2801
E: gditomaso@dundeecorporation.com

Val-d'Or, Québec–(Newsfile Corp. – June 25, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) ("Abitibi Royalties" or the "Company") announces the results of its annual general meeting of its shareholders held in Val-d'Or, Québec, on June 25, 2021.

At the meeting, shareholders re-elected six incumbent directors, being Ian J. Ball, Louis Doyle, Frank Mariage, Glenn J. Mullan, Andrew T. Pepper and Dr. C. Jens Zinke. Shareholders also appointed MNP LLP as the Company's auditor.

Following the shareholder meeting, the Board reconstituted its Audit Committee and its Compensation and Corporate Governance Committee. The Board also reappointed officers for the ensuing year as follows:

About Abitibi Royalties Inc.

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

For additional information, please contact:

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

Forward Looking Statements:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88691

Val-d’Or, Québec–(Newsfile Corp. – June 25, 2021) – Golden Valley Mines Ltd. (TSXV: GZZ) ("Golden Valley" or the "Corporation") announces the results of its annual general and special meeting of shareholders held in Val-d'Or, Québec, and by telephone conference on June 25, 2021.

At the meeting, shareholders elected four incumbent directors, being Joseph Groia, Jimmy S.H. Lee, William D. McCartney and Glenn J. Mullan, and reappointed MNP LLP as Golden Valley's auditor for the ensuing year. Shareholders also approved special resolutions changing the name of the Corporation to "Golden Valley Mines and Royalties Ltd."

Following the shareholder meeting, the Board reconstituted its Audit Committee, the Compensation Committee, the Corporate Governance Committee and the Environmental, Social and Governance Committee. The Board also reappointed officers for the ensuing year as follows:

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

For additional information please contact:

Glenn J. Mullan
Chairman, President, and CEO
Golden Valley Mines Ltd.
152, chemin de la Mine École
Val-d'Or, Québec J9P 7B6
Telephone: 819.824.2808 ext. 204
Email: glenn.mullan@goldenvalleymines.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88685

For Immediate Release

Chicago, IL – June 24, 2021 – Zacks Equity Research Shares of PulteGroup, Inc. PHM as the Bull of the Day, Panasonic Corporation PCRFY as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Caterpillar Inc. CAT and Rio Tinto Group RIO.

Here is a synopsis of all four stocks:

Bull of the Day:

The pandemic and the subsequent low interest rates brought about a banner year for the U.S. housing market. Though sales have slowed, prices have continued to climb in 2021 and homebuilders are poised to grow amid a nationwide housing shortage.

Pulte’s Pitch

PulteGroup is one of the largest homebuilders in the U.S., with operations in over 40 major markets across 23 states. The company operates under multiple brands, including its namesake Pulte, as well Centex, Del Webb, John Wieland Home, and others.

PulteGroup builds homes in popular areas from California and Texas to the Midwest, Florida, and beyond. The list of major markets includes Austin, Dallas, San Diego, Chicago, Miami, and many others. PHM also reaches a diversified set of customers, which helps it grow and gain exposure to different buying trends.

The Atlanta-based company claims that 29% of its homes are sold to first-time buyers, while 45% come from “move up” clients and 26% from “active adults.” And PHM has exposure to various levels of the housing market, from the under $250K group to $500K and above. In 2019, 30% of its homes closed between $300K to $399K, with another 45% coming at $400K or higher.

Growth & Outlook

PulteGroup has posted sales growth for nearly a decade straight, including some impressive years of top-line expansion. The company’s revenue climbed 8% in 2020 and it surged 19% in the first quarter of 2021. The recent pop was driven by a 12% increase in the number of homes closed, alongside a 4% increase in average sales price that saw it hit $430K, which reflected “price increases realized across all buyer groups.”

More importantly, PHM ended the first quarter with a backlog of 18,966 homes valued at $8.8 billion, up 50%. Meanwhile, its adjusted earnings surged 60%. And its CEO Ryan Marshall nicely summarized the broader industry trends that provide solid tailwinds for PulteGroup and other homemakers, on top of “favorable demographics, low interest rates and improving consumer.”

“The need for almost 4 million additional homes as recently estimated by Freddie Mac to meet buyer demand, and expectations for an acceleration in economic growth as the pandemic continues to recede, keep us optimistic about future housing conditions and the opportunity to drive additional gains in our business results.”

The booming housing market pushed U.S. home sales to their highest levels since 2006 in 2020. And a tight market saw U.S. existing-home prices hit a record high in May. Like PulteGroup’s chief executive pointed out, there is a huge need for more homes, with one recent report stating the country was 5.5 million units below necessary levels.

With this positive backdrop in mind, Zacks estimates call for PHM’s fiscal 2021 revenue to soar 35% to reach $14.9 billion and mark its strongest top-line growth in roughly 20 years. The company is then expected to follow up this growth with another 9% sales expansion in 2022.

At the bottom-end, its adjusted earnings are expected to climb by 48% and 11%, respectively over this stretch. PulteGroup also boasts a long history of quarterly earnings beats and its consensus bottom-line estimates have surged since its last report, with its FY21 figure up 26% and FY22 30% higher.

Other Fundamentals

In a sign of strength, PulteGroup in December raised its quarterly dividend by 17%, with its current 1% yield roughly matching peers such as Lennar and Toll Brothers. And PHM executives last quarter announced the firm increased its share repurchase authorization by $1 billion.

PHM shares have crushed their industry over the last five years, up 210% vs. 135%. This includes a 60% jump in the last 12 months, which once again helped it outpace the Home Builders space and the benchmark S&P 500 index’s 45%. The stock has pulled back since hitting records in May, closing regular hours Wednesday nearly 15% below its highs at $53.49 a share.

PulteGroup is currently trading under its 50-day moving average, but well above its 200-day. The stock also sits well below neutral RSI levels (50) at 40. Plus, PHM is trading at an 18% discount to its own year-long median and nearly 50% under its highs at 6.7X forward earnings, marking solid value compared to its industry’s 7.9X average. All of this provides PulteGroup stock plenty of possible runway.

Bottom Line

PulteGroup’s positive earnings revisions help it land a Ranks Rank #1 (Strong Buy) at the moment. On top of that, seven of the 11 brokerage recommendations Zacks has for PHM come in at “Strong Buys,” with one more “Buy” and none below a “Hold.”

In the end, millennials continue to reach their prime homebuying years and a shortage of homes could help PulteGroup and other homebuilders continue to grow. And let’s remember that mortgage rates are still extremely low despite climbing off their early 2021 bottoms. Plus, PHM’s Building Products-Home Builders industry sits in the top 8% of our over 250 Zacks industries.

Bear of the Day:

Panasonic is a historic technology firm that has seen its earnings revisions trend in the wrong direction recently. The stock has also fallen around 20% since February and PCRFY shares have yet to mount a real recovery, while lagging its industry over the past several years.

The Short Story

Panasonic is a tech titan that operates multiple units: appliances, life solutions, connected solutions, automotive, and industrial solutions. The company is currently working to expand its battery business far beyond Tesla as the electric vehicle age begins.

Panasonic also made a splash when it announced in April its plans to buy U.S. supply-chain software provider Blue Yonder Holding Inc. The deal is valued at roughly $7 billion and is projected to help bolster the firm’s software business in the SaaS age. Wall Street has, however, not reacted too kindly to the deal, with PCRFY down around 8% since the end of April.

The recent pullback is part of a larger downturn since February for a stock that has struggled to keep up with the booming tech sector. The nearby chart shows PCRFY shares are up just roughly 20% in the last five years. When it comes to the technical side, Panasonic is currently trading below both its 50-day and 200-day moving averages. The rough stretch in 2021 comes as the Nasdaq has rebounded to reach new highs.

Bottom Line

Panasonic has seen some downward earnings revisions activity recently to help it land a Zacks Rank #5 (Strong Sell) at the moment. And its Audio Video Production industry sits in the bottom third of over 250 Zacks industries.

All that said, investors might want to hold off on Panasonic stock until it flashes signs of a possible comeback before considering the consumer electronics standout.

Additional content:

Caterpillar (CAT) Designing Zero-Emission Machines

Caterpillar recently entered into a collaboration agreement with Nouveau Monde Graphite Inc. to develop, test and produce zero-emission machines for the latter’s Matawinie graphite mine. Caterpillar expects to become the exclusive supplier of an all-electric mining fleet for the mine by 2028.

The Matawinie project, which will provide high-purity graphite concentrate for electric vehicles, is planned to be the first open pit operation in the world that will exclusively use electric equipment. This is an important milestone in the mining industry as it can be used as a launch pad for other miners focused on cutting down their emissions utilizing Caterpillar’s cutting-edge technologies.

Fully owned by Nouveau Monde, Matawinie is a high-purity flake graphite deposit located in Saint-Michel-des-Saints, 150 km north of Montréal, Québec. The project is estimated to contain probable reserves of 59.8 Mt (million tons) grading 4.35% graphitic carbon.

The mine is expected to produce 100,000 tons of graphite concentrate annually for the battery electric vehicle and energy storage markets. Also, the combination of high-quality infrastructure, skilled workforce and a dynamic regional business ecosystem make it a worthy investment.  Nouveau Monde is targeting commercial operations by 2023.

Dedicated to stringent sustainable development standards, Nouveau Monde is committed to having both its equipment used for mining operations and its ore concentration and processing activities become fully electric within the first five years of production. This operating model, which is the world’s first for an open-pit mine, represents a potential reduction of over 300,000 tons of CO2 emissions over the mine’s lifespan. Notably, Caterpillar has been helping its customers decrease their carbon footprints through machinery and power solutions that minimize greenhouse gas emissions.

This news comes on the heels of Rio Tinto announcement that it will deploy the world’s first fully autonomous water truck in partnership with Caterpillar at its $2.6 billion Gudai-Darri iron ore mine in Western Australia’s Pilbara region. Water spraying is a vital part of mining operations and this new technology will enhance productivity by enabling digital tracking of water consumption, while cutting down water wastage. Rio Tinto intends to make Gudai-Darri one of the world’s most technologically advanced mines.

Cutting down the mining sector’s carbon emissions is the need of the hour. Day by day, more and more mining companies are exploring options to electrify their mines. The switch from diesel to electricity will also cut costs and boost their license to operate.

Electrified mines will require less maintenance and human intervention. The use of automation and the Internet of Things (IoT) will increase as drones, autonomous vehicles and remote-controlled operational systems are rolled out more widely across mining operations.

At Bernstein 37th Annual Strategic Decisions Conference earlier this month, Caterpillar’s CEO Jim Umpleby pointed toward a “long healthy cycle” in mining and strong commodity prices. Umpleby also highlighted that the energy transition has immense potential for Caterpillar in the long haul.

The intensifying global focus on shifting from fossil fuels to zero emissions will require huge amounts of commodities. This will lead to higher demand for mining equipment. Caterpillar given its focus on energy and emissions reduction will have a competitive edge.

Per a Research and Markets report, the global market for mining equipment, which was estimated at $119 billion in 2020, is projected to witness a CAGR of 6.1% and hit $179.8 billion by 2027. Metal mining is projected to record a 7.6% CAGR and attain $83.5 billion by 2027.

Price Performance

Shares of Caterpillar have surged 68.8% over the past year compared with the industry’s rally of 45.1%.

Zacks Rank & Other Stocks to Consider

The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

 

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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TORONTO, June 24, 2021 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that production has resumed at its Lalor mine, located in Snow Lake, Manitoba after a fatal incident that occurred on June 19, 2021. Hoisting activities resumed on June 23 and production has since returned to normal levels.

About Hudbay

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

For further information, please contact:

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

VANCOUVER, BC, June 24, 2021 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") reports that its ongoing surface diamond drill and geochemical sampling program is providing definitive evidence that the Revel Ridge orogenic gold system exhibits persistent, strong geochemical and structural signatures extending for km's beyond historical diamond drill holes. Ongoing geochemical programs and surface diamond drilling indicates:

A. Geochemical Signatures of Main and Yellowjacket Zones (RRMZ – RRYZ).

1. Recently completed soil geochemical surveys conclusively demonstrate that geochemical signatures exist along trend for at least 2.0 km to the northwest of the 830 m Level portal. See Figure 1 – Soil Geochemistry Compilation Map. The location of 1991 Au in soil, along with 2021, As-Pb-Zn soil anomalies may be shown to have a strong linkage to bedrock RRMZ and RRYZ mineralized zones.

2. The strength of the As-Pb-Zn geochemical signatures of the gold rich Main Zone and silver rich Yellowjacket zone, obtained from the historical soil geochemical grid, have necessitated major expansion of this grid. Additional soil geochemistry grids have been implemented along strike to the northwest for an additional 2.8 km. The combined Northwest soil geochemical grids have a combined strike length of 4.2 km, all of which lies beyond historic drill testing.

3. Structural and geochemical vectors have also been obtained on strike to the southeast of any historic drilling. The Southeastern grid has a strike length of 1.5 km. All of the samples from this grid are currently being processed.

4. In total, 880 soil samples have been collected from new soil geochemical grids with a combined strike length of 5.7 km. Results are currently available only over the initial Northwest grid, 259 samples over 1.4 km of strike length. The two grids, Northwest grid extension and Southeast grid are illustrated. No analytical results have been received for the Northwest grid extension or the Southeast grid and as a result no geochemical anomalies are identified. All other results will be released as soon as these data become available.

B. Surface Diamond Drilling: Main and Yellowjacket Zones (RRMZ – RRYZ).

1. Currently 14 surface diamond drillholes have been competed for a total of approximately 2,700 m of NQ drilling. Drilling is now being undertaken approximately 500 m to the northwest of the 830 m Level portal. See Figure 2 – Drill Hole Compilation Map.

2. The drillholes have been successful in cutting visually significant intersections of both the silver rich Yellowjacket Zone (RRYZ) and the gold rich Main Zone (RRMZ).

3. Strong indications of the continuity of mineralization with the Revel Ridge orogenic gold system, obtained from surface drillholes, has permitted Revel Ridge's technical team to increase the spacing between drill "fences". Initially, drill fences were designed on approximately 100 m step-outs; that has currently been increased to approximately 200 m.

4. Within the next few weeks, an additional 2.0 km of the strike length of this unique and very robust, orogenic gold system will be drill tested.

5. Rokmaster is currently waiting for the receipt of the assay results from surface drillholes. Those results will be released as promptly as possible.

C. The "Big Picture".

The combined soil geochemical and diamond drillhole arrays are shown on a common base map as Figure 3 – Longitudinal Section Graphic and when used in conjunction with Figure 1, these data suggest:

1. The current Revel Ridge resource is located in a volume of rock which forms less than 20% of the strike length of the Revel Ridge orogenic gold system.

2. The 2021 underground drillholes demonstrate that gold-silver mineralization extends from surface to approximately 1.2 km subsurface. In contrast, the initial surface drillholes are sometimes cutting strong mineralized zones less than 80 m subsurface.

3. The initial soil geochemical and diamond drill data suggests that the Revel Ridge orogenic gold system is continuing, unabated and undiminished, for km scale distances relative to historic drilling.

John Mirko, President and CEO of Rokmaster, commented: "The scope, the scale, and quality of the targets within the Revel Ridge deformation zone continues to exceed our expectations. We are expanding exploration beyond where other explorers have gone before, founded on the demonstrable strength of the Revel Ridge orogenic polymetallic gold system. The strength of the soil geochemical anomalies obtained from 5.7 km of additional soil geochemical grids clearly indicates that our confidence in this project is well founded. With the geochemical signatures of this gold system in hand, we are rapidly testing, on broad 200 m plus steps outs, the bedrock source of those anomalies. Our first surface drillholes have repeatedly cut both Yellowjacket and Main Zone style mineralization and cut those zones in a reliable and predictable manner. The data is beginning to suggest that the volume of mineralized rock outside of 2020 resource area (published in Sedar 2021) may be significantly larger than the volume of rock within the 2020 resource domain. A welcome challenge for our team is seizing on the impressive size and growing number of tier-one targets. This is an enviable position for any junior explorer and a position which is likely unique for many projects within the Western Cordillera."

Quality Assurance/Quality Control Soil Samples. Soil samples have been analyzed on site utilizing a portal XRF instrument. These instruments are able to accurately analyze a variety of base metals but will not accurately analyze gold or silver mineralization. XRF testing of soil samples is conducted on site in the following manner:
Sample Vials: The Lab area is thoroughly cleaned and new sample vials are utilized from new, by hand, set aside on a clean surface and covered. Sample bags are retrieved from a detached dry storage room; brought into the lab, arranged in numbered order on the workspace. Vials are labelled accordingly, returned to the clean surface, covered.
Soil preparation: Squeeze/crush sample in the bag to loosen any material adhered to the bag walls during drying. Plunge a clean spoon into the heart of the sample bag to retrieve soil. Pour spoonful (or 2 as required) onto a clean, coarse sieve. Sieve soil sample onto a clean triangle tray. Visually observe sample within the triangle tray for organics and overall sample quality. Re-sieve sample at a smaller mesh (80 mesh) as required. Pour sieved/homogenized sample from triangle tray into pre-constructed and labelled vial. The filled vial is capped and set in labelled sequence on a clean surface, clean tools and repeat. Once each available sample has been vialed, the workspace is cleaned and the XRF analyzer setup.
Analyzation procedure: Undertake a system check, use a triple shot of the provided control sample (#180-706) and determine the 3 shot average. Analyze each available sample in numbered sequence for a total duration of 60 seconds (as per XRF soil testing settings), three times. Once analyzed, the vials are then placed, in sequence, in an enclosed cabinet for future reference. XRF data is exported from the analyzer onto a computer for averaging, interpretation, and plotting.

The technical information contained in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Mark Rebagliati, P. Eng., FEC, who is independent of Rokmaster.

On behalf of the Board of Directors,

"John Mirko"

John Mirko, President and Chief Executive Officer.

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.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:

This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE Rokmaster Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/24/c2737.html

Here are four stocks with buy rank and strong income characteristics for investors to consider today, June 24th:

Rio Tinto Group (RIO): This company that engages in finding, mining, and processing mineral resources has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16% over the last 60 days.

Rio Tinto Group Price and Consensus

Rio Tinto Group price-consensus-chart | Rio Tinto Group Quote

This Zacks Rank #1 (Strong Buy) company has a dividend yield of 7.38%, compared with the industry average of 0.00%. Its five-year average dividend yield is 6.06%.

Rio Tinto Group Dividend Yield (TTM)

Rio Tinto Group dividend-yield-ttm | Rio Tinto Group Quote

Seagate Technology Holdings plc (STX): This data storage technology and solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 60 days.

Seagate Technology Holdings plc Price and Consensus

Seagate Technology Holdings plc price-consensus-chart | Seagate Technology Holdings plc Quote

This Zacks Rank #1 company has a dividend yield of 3.16%, compared with the industry average of 0.00%. Its five-year average dividend yield is 5.77%.

Seagate Technology Holdings plc Dividend Yield (TTM)

Seagate Technology Holdings plc dividend-yield-ttm | Seagate Technology Holdings plc Quote

TowneBank (TOWN): This retail and commercial banking services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.7% over the last 60 days.

TowneBank Price and Consensus

TowneBank price-consensus-chart | TowneBank Quote

This Zacks Rank #1 company has a dividend yield of 2.33%, compared with the industry average of 1.93%. Its five-year average dividend yield is 2.44%.

TowneBank Dividend Yield (TTM)

TowneBank dividend-yield-ttm | TowneBank Quote

Avient Corporation (AVNT): This specialized polymer materials, services, and solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days.

Avient Corporation Price and Consensus

Avient Corporation price-consensus-chart | Avient Corporation Quote

This Zacks Rank #1 company has a dividend yield of 1.73%, compared with the industry average of 1.46%. Its five-year average dividend yield is 2.07%.

Avient Corporation Dividend Yield (TTM)

Avient Corporation dividend-yield-ttm | Avient Corporation Quote

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.

Click here for the 4 trades >>

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

Towne Bank (TOWN) : Free Stock Analysis Report

Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report

Rio Tinto PLC (RIO) : Free Stock Analysis Report

Avient Corporation (AVNT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Rio Tinto Group (RIO): This mining company has seen the Zacks Consensus Estimate for its current year earnings increasing 16% over the last 60 days.

Rio Tinto PLC Price and Consensus

Rio Tinto PLC price-consensus-chart | Rio Tinto PLC Quote

Applied Industrial Technologies, Inc. (AIT): This distributor of industrial products in North America, Australia, New Zealand, and Singapore has seen the Zacks Consensus Estimate for its current year earnings increasing 12.8% over the last 60 days.

Applied Industrial Technologies, Inc. Price and Consensus

Applied Industrial Technologies, Inc. price-consensus-chart | Applied Industrial Technologies, Inc. Quote

Expeditors International of Washington, Inc. (EXPD): This provider of global logistics solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 21.1% over the last 60 days.

Expeditors International of Washington, Inc. Price and Consensus

Expeditors International of Washington, Inc. price-consensus-chart | Expeditors International of Washington, Inc. Quote

USA Truck, Inc. (USAK): This company that operates as a truckload carrier in the United States, Mexico, and Canada has seen the Zacks Consensus Estimate for its current year earnings increasing 27.2% over the last 60 days.

USA Truck, Inc. Price and Consensus

USA Truck, Inc. price-consensus-chart | USA Truck, Inc. Quote

Seagate Technology Holdings plc (STX): This provider of data storage technology and solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 60 days.

Seagate Technology Holdings PLC Price and Consensus

Seagate Technology Holdings PLC price-consensus-chart | Seagate Technology Holdings PLC Quote

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

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.

Click here for the 4 trades >>

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

USA Truck, Inc. (USAK) : Free Stock Analysis Report

Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report

Rio Tinto PLC (RIO) : Free Stock Analysis Report

Expeditors International of Washington, Inc. (EXPD) : Free Stock Analysis Report

Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

ROUYN-NORANDA, Québec, June 23, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the USA) is pleased to announce that all five nominees listed in its 2021 management information circular were re-elected as directors at Globex’s annual and special meeting of shareholders held today in Rouyn-Noranda, Québec.

At the meeting, the following individuals were re-elected as directors of Globex on a vote by ballot, with the following results:

Director biographies are available in the Management section of Globex’s website at www.globexmining.com.

At the meeting, Globex’s shareholders also appointed MNP LLP, Chartered Professional Accountants as Globex’s auditor.

In addition, Globex’s shareholders adopted a resolution in the form annexed as Schedule A to the 2021 management information circular approving an extension of five years to the term of stock options held by four insiders of the Corporation on a vote by ballot, excluding for purposes of the vote shares held by the four insiders and their respective associates and affiliates, as follows:

This press release was written by Jack Stoch, Geo., President and CEO of Globex.

Performance at EMX Royalty Corporation (CVE:EMX) has been reasonably good and CEO Dave Cole has done a decent job of steering the company in the right direction. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 30 June 2021. However, some shareholders may still be hesitant of being overly generous with CEO compensation.

See our latest analysis for EMX Royalty

How Does Total Compensation For Dave Cole Compare With Other Companies In The Industry?

According to our data, EMX Royalty Corporation has a market capitalization of CA$317m, and paid its CEO total annual compensation worth CA$1.0m over the year to December 2020. Notably, that's an increase of 31% over the year before. We think total compensation is more important but our data shows that the CEO salary is lower, at CA$436k.

On comparing similar companies from the same industry with market caps ranging from CA$123m to CA$492m, we found that the median CEO total compensation was CA$490k. Hence, we can conclude that Dave Cole is remunerated higher than the industry median. What's more, Dave Cole holds CA$8.6m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Speaking on an industry level, nearly 92% of total compensation represents salary, while the remainder of 8% is other remuneration. It's interesting to note that EMX Royalty allocates a smaller portion of compensation to salary in comparison to the broader industry. If non-salary compensation dominates total pay, it's an indicator that the executive's salary is tied to company performance.

A Look at EMX Royalty Corporation's Growth Numbers

Over the last three years, EMX Royalty Corporation has shrunk its earnings per share by 35% per year. It achieved revenue growth of 75% over the last year.

The reduction in EPS, over three years, is arguably concerning. On the other hand, the strong revenue growth suggests the business is growing. These two metrics are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has EMX Royalty Corporation Been A Good Investment?

Most shareholders would probably be pleased with EMX Royalty Corporation for providing a total return of 171% over three years. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary…

The overall company performance has been commendable, however there are still areas for improvement. Until EPS growth picks back up, we think shareholders may find it hard to justify increasing CEO pay given that they are already paid above industry average.

CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. We did our research and spotted 2 warning signs for EMX Royalty that investors should look into moving forward.

Switching gears from EMX Royalty, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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.

Teck Resources hit an important technical milestone on Wednesday, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before. While Teck Resources is not currently near a potential buying area, see if the stock goes on to build a sound pattern that could ignite a new run.

By Jeff Lewis

TORONTO (Reuters) – BHP Group plans to almost double exploration spending for base metals within five years, its Chief Technical Officer Laura Tyler said on Wednesday, after shifting its exploration headquarters to Canada.

The world's biggest listed miner is expected to log bumper profits in August on booming prices for iron ore, but the pipeline for new projects is thin.

BHP's board is expected to make a call on its Jansen potash project in Canada as the miner looks to raise its exposure to new economy minerals including copper and nickel, seen as cornerstones of the world’s transition towards cleaner energy.

"Over the years we believe we have spent less than we should be spending on exploration," Tyler told Reuters in an interview.

Global exploration spending for base metals will nearly double within five years from the current annual $70 million to $80 million, she said, excluding outlays for early-entry joint ventures.

"So we are significantly increasing the amount we're spending just as our base load," she said.

BHP in March said it would move its head office for global exploration to Toronto from Santiago, Chile.

"That allows us almost to be closer to the action," she said.

The miner has partnered with junior Midland Exploration to explore for nickel in the Nunavik region of northern Quebec.

It also has a joint venture on copper concessions in Ecuador with Vancouver-based Luminex Resources Corp and holds a 12.3% stake in London-listed Solgold, whose Cascabel-Alpala copper-gold project in Ecuador is expected to start production in 2025.

(Reporting by Jeff Lewis; editing by Richard Pullin)

LONDON, June 23, 2021–(BUSINESS WIRE)–Rio Tinto, a leading global mining and metals company, and Schneider Electric, the leader in digital transformation of energy management and automation, have signed a memorandum of understanding (MoU) for a first of its kind collaboration to develop a circular and sustainable market ecosystem for both companies and their customers.

This multi-product partnership will see Schneider Electric use responsibly sourced materials produced by Rio Tinto. These include low-carbon aluminium and copper produced with renewable power, iron ore, and borates. Rio Tinto will utilise energy and industrial services from Schneider Electric, as the companies work together to develop digital platforms, technologies and solutions to be deployed across the metals and mining supply chain to drive further decarbonisation.

Rio Tinto Chief Commercial Officer Alf Barrios said: "This unique partnership will help accelerate decarbonisation and renewable energy solutions by combining low-carbon materials with cutting-edge digital technology. Working together will allow Rio Tinto and Schneider Electric to pursue opportunities beyond what is possible for either company on its own. This collaboration also opens doors to consider strategic initiatives such as expanding the use of artificial intelligence and predictive analytics to reduce downtime in our plants, digitization of our supply chains, and a host of other transformative technologies."

Schneider Electric Executive Vice-President Industrial Automation, Barbara Frei said: "We are excited to work with Rio Tinto to develop clean and pioneering solutions to meet industrial decarbonisation challenges. As the world’s most sustainable corporation and a manufacturer with a global network of smart factories and smart distribution centres, Schneider Electric is on a mission to make industries of the future eco-efficient, agile, and resilient through open, software-centric industrial automation and sustainable energy solutions. This new partnership demonstrates that Rio Tinto is as passionate as we are about bridging progress and sustainability for all."

The partnership will draw on Schneider Electric’s Energy as a Service expertise to evaluate the use of innovative solutions, including microgrids, to supply energy from low-carbon sources, and artificial intelligence and advanced analytics to help meet sustainability goals at Rio Tinto sites and throughout its supply chain.

Rio Tinto’s START traceability and transparency initiative, the first sustainability label for aluminium using blockchain technology, will be deployed with Schneider Electric to unlock value for customers, suppliers and partners. The companies will work to expand this transparency, offering START in combination with Schneider Electric’s EcoStruxure™ platform, an IoT system architecture that connects everything in an enterprise, from the shop floor to the top floor, to deliver enhanced safety, reliability, efficiency, and sustainability.

The companies will also partner to evaluate emerging innovation opportunities, such as the efficient production of critical materials for renewable technologies and advances in low-carbon, green steel manufacturing, both of which will play a significant long-term role in industrial decarbonisation.

Notes to editors

About Rio Tinto

Rio Tinto produces high-quality iron ore, copper, aluminium, and minerals that have an essential role in enabling the low-carbon transition.

We have publicly acknowledged the reality of climate change for over two decades and have reduced our emissions footprint by over 30 percent in the decade to 2020.

We have set 2030 targets to reduce our absolute emissions by 15% and our emissions intensity by 30% relative to our 2018 baseline. These targets are consistent with a 45% reduction in absolute emissions, relative to 2010 levels, and the Intergovernmental Panel on Climate Change (IPCC) pathways to 1.5°C. They are supported by our commitment to spend approximately $1 billion on emissions reduction initiatives over the first five years of the ten-year target period. In 2020, we set new Scope 3 emissions reduction goals to guide our partnership approach across our value chain.

Read more about our approach to climate change: www.riotinto.com/invest/reports/climate-change-report

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centres, infrastructure, and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210623005156/en/

Contacts

Rio Tinto
media.enquiries@riotinto.com

Media Relations
Matthew Klar
+1 514-608-4429
matthew.klar@riotinto.com

Schneider Electric
global.pr@se.com

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

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

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

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

riotinto.com

Category: General

The FTSE 100 (^FTSE) rose on Wednesday, outperforming European peers despite data pointing to bumper economic growth in the eurozone.

The FTSE was up 0.2% just before mid-morning in London, powered by mining and oil stocks. Shell (RDSB.L) topped the index with a gain of 2% and BP (BP.L) rallied 1.6%. Anglo American (AAL.L) registered a gain of 1.6%, while BHP (BHP.L) wasn't far behind. 

“The markets seem to be in consolidation mode on Wednesday after their see-saw start to the week,” said Russ Mould, investment director at AJ Bell.

Investors were focused on central banks and private-sector PMI data. In Britain, Wednesday marked the fifth anniversary of the Brexit vote, although this was more symbolic than market-moving.

IHS Markit published "flash" PMI data for Europe and the UK that showed continued strong momentum for the COVID recovery.

June marked one of the best months on record for the UK economy and the eurozone enjoyed its fastest expansion in 15 years.

"Firms reported a further rise in new orders, lifting them to their highest level since June 2006," said Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics. "Moreover confidence in the outlook was at a record high, suggesting the firms now believe Europe the virus is in the past. This sentiment carried over into hiring, with the employment index rising for a fifth month in a row."

However, the German DAX (^GDAXI) and the French CAC (^FCHI) both lost ground in early trade despite opening higher. The DAX was down 0.4% by mid-morning and the CAC was a third of a percent lower.

PMI surveys in both the UK and eurozone warned businesses were facing increased supply chain issues, which are pushing up costs and threaten to slow recovery.

The Federal Reserve continues to dominate the conversation within market. The US central bank last week surprised investors by suggesting it could hike US interest rate twice in 2023. It sparked a sell-off of stocks and a rally for the dollar, as investors rejigged portfolios to reflect a sooner-than-expected end to the era of ultra-cheap money.

In testimony and speeches on Tuesday, Fed chair Jerome Powell and his colleagues sought to reassure investors that rate hikes are still a way off. The public comments helped stocks rally and cooled the dollar after a recent price surge. 

The Nasdaq (^IXIC) touched a new high on Tuesday and looked set to continue to climb on Wednesday. Futures (NQ=F) were up 0.1% in early trade. Elsewhere, Dow futures (YM=F) were up 0.2% and S&P 500 futures (ES=F) were 0.1% higher.

The pound was up 0.2% against the dollar (GBPUSD=X) in early trade on Wednesday. Cable reached $1.3975, its highest level since last Thursday when the Fed-driven rally for the dollar was gathering pace.

Fed board member Michelle Bowman and Federal Reserve Bank of Boston president Eric Rosengren are both due to give speeches later this afternoon.

Asian markets were mixed overnight, with tech stocks powering the Hong Kong Hang Seng (^HSI) 1.8% higher but gains muted elsewhere. Japan's Nikkei (^N225) closed flat after minutes from the Bank of Japan showed policymakers believed the global economy recovery could be faster than previously expected. It raises the prospect of the removal of stimulus and support measures, which will likely make capital more expensive.

Watch: Will interest rates stay low forever?

The world is undergoing green energy revolution and the automobile industry is leaving no stone unturned to accelerate electric vehicle (EV) development, which is the driving force toward this clean energy revolution. As consumers get more environment conscious with each passing day, EV industry prospects are only expected to blossom in the coming years. While lithium seems to be the metal that is grabbing most eyeballs amid this e-mobility push, one should not underestimate the role of copper in sustainable energy-efficient transportation.

Copper’s Critical Role in EV Tech

The red metal is an essential component in EVs, and is used in electric motors, batteries, inverters and wiring. Also, the EV charging infrastructure is largely based on copper-based technologies. Copper is a key component of charging infrastructure and is found in cables, transformers and wiring to the electric panel.

Importantly, usage of copper in EVs is up to 4 times more than in the conventional cars. Per the Copper Development Association Inc., traditional cars have 18-49 pounds of copper, hybrid EVs contain approximately 85 pounds and plug-in hybrid EVs use 132 pounds. While battery BEVs contain 183 pounds, a hybrid electric bus and a battery electric bus contain 196 and 814 pounds of copper, respectively.

EV Industry on Fire, Copper Prospects Rosy

With rising awareness about greenhouse gases and their effect on global climate, several companies are aiming to reach carbon neutrality in the near term and the number of EV model launches is rapidly increasing. China, Europe, United Kingdom, France, Germany, the United States and other countries are laying out ambitious targets to phase out gas-powered vehicles. Per Deloitte projections, worldwide EV sales are set to see a CAGR of 29% over the next decade. Market Research Future expects the global EV market to reach $893.5 billion by 2027, representing a CAGR of 21.6% over 2021-2027 timeframe. The Boston Consulting Group projects EVs to more or less account for a third of the global auto industry by 2025, and more than 50% by 2030, indicating a massive jump from 2.6% in 2019.

Amid rising popularity of EVs, the demand for copper is likely to jump. Per the International Energy Agency, clean energy technologies will account for around 45% of copper demand in 2040, higher than 24% in 2020. Per Fastmarkets MB, adoption of EV vehicles will see global refined copper demand rise by 21% per year until 2030, reaching around 2.5 million tons in 2030. The International Copper Association estimates the EV boom to lift copper demand in green vehicles from 185,000 tons in 2017 to 1.74 million tons by 2027. Wood Mackenzie estimates that the growth in EV charging portals will result in the consumption of more than 250% more copper than the 2019 levels.

Stocks to Keep a Tab On

With copper being a key component powering EVs, here are some copper stocks that should be on your watchlist.

FreeportMcMoRan Inc. FCX: This Phoenix-based miner is expected to gain from progress in exploration activities that will boost production capacity. The company will benefit from the ongoing large-scale concentrator expansion project at Cerro Verde that will provide incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. It recently completed the Lone Star copper leach project and is on track to produce around 200 million pounds of copper annually. Efforts to cut costs and debt levels appear encouraging. The company currently sports a Zacks Rank #1 (Strong Buy) and has a long-term expected EPS growth rate of 28.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.

Southern Copper Corporation SCCO: This Mexico-based mining company has the largest copper reserves in the industry and operates high-quality, world-class assets in investment grade countries, such as Mexico and Peru. It has growth projects on track that will help achieve its target of producing 1.9 million tons of copper production by 2028.Backed by its commitment to increase low-cost production and growth investments, the company is well poised to continue delivering enhanced performance. It currently sports a Zacks Rank #1 and has a long-term expected EPS growth rate of 18.7%.

BHP Group BHP: Headquartered in Melbourne, this natural resources firm is engaged in the production of petroleum, copper, iron, and coal. The firm owns a copper mine in Chile and South Australia.  In 2020, BHP produced around 1.7 million tons of copper. The company is expanding its mine at Spence in Chile, extending its life for another 50 years. It has also boosted exploration spending for more copper from all over the world.  Efforts to make operations more efficient through smart technology adoption across the entire value chain will continue to aid in reducing costs, thereby bolstering the company’s margins. It currently has a Zacks Rank #1 and a long-term expected EPS growth rate of 4.1%.

Teck Resources TECK: Vancouver-based Teck is a significant copper producer in the Americas, with four operating mines in Canada, Chile and Peru, and copper development projects in North and South America. The firm’s Quebrada Blanca Phase 2 (QB2) copper project surpassed the half-way point in April. Once completed, QB2 will transform the company’s copper business, making it a major global copper producer. The company anticipates to produce 275,000-290,000 tons of copper in 2021, higher than 257,500 tons in 2020. Carrying a Zacks Rank #3 (Hold), the company has a long-term expected EPS growth rate of 20.2%.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

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FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report
 
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
 
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
 
Teck Resources Ltd (TECK) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
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In this article, we discuss the 10 best nickel stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Nickel Stocks to Buy Now.

The demand for nickel has been rising in the past few years as it becomes important to the electric vehicle industry. Nickel, previously used as a corrosion resistant material by the steel industry, has exploded in value with the mass production of cheap electronic devices, most of which make use of the metal in manufacturing. According to Research and Markets, the global production of the metal is expected to cross 2.76 million tons within the next two years. This represents a compound annual growth rate of close to 3% for the nickel industry.

A few mining companies poised to use the high demand for the precious metal to their advantage in the near future include Vale S.A. (NYSE: VALE), the Brazilian mining firm, BHP Group (NYSE: BHP), the Australian global resources company, and Rio Tinto Group (NYSE: RIO), the United Kingdom-based multinational metals corporation. On April 26, Vale S.A. (NYSE: VALE) posted earnings per share of $1.09 for the first quarter of 2021, beating market predictions by $0.06. The company is also considering a spinoff of its base metals division.

Meanwhile, BHP Group (NYSE: BHP) has also been enjoying a stellar start to the new year. On May 18, CEO Mike Henry spoke at a mining conference and said that the future outlook for commodities was compelling as the COVID-19 stimulus packages of the government helped lift the demand for raw materials for an extended period of time. Henry also outlined that the industry was evolving to the advantage of BHP, which had close to 25% of its mining portfolio in futuristic commodities like nickel and copper.

Rio Tinto Group (NYSE: RIO), the second-largest mining firm in the world, has also been adapting to changes in the mining sector by engaging in projects that make the firm more environmentally stable in the long-term. As one of the largest nickel producers, the company feels it has a responsibility to the clean energy industry to develop a sustainable market ecosystem. In this regard, the firm has recently pledged to stop using hydrogen in aluminum refining in order to cut down on emissions.

The demand for nickel has been a source of disruption in the mining industry that is usually reliant on other precious metals for revenue. Larger market forces have been reshaping entire industries in the past few years. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Image by Tshekiso Tebalo from Pixabay

With this context in mind, here is our list of the 10 best nickel stocks to buy now. These were selected keeping in mind their relevance to the nickel industry, hedge fund sentiment, and the business fundamentals driving the earnings of each company.

Best Nickel Stocks to Buy Now

10. PolyMet Mining Corp. (NYSE: PLM)

Number of Hedge Fund Holders: N/A

PolyMet Mining Corp. (NYSE: PLM) is a mining company with interests in copper, nickel, cobalt, gold, silver, and platinum, among other metals. It is placed tenth on our list of 10 best nickel stocks to buy now. The stock has offered investors returns exceeding 29% over the course of the past four weeks. One of the top projects of the firm is the NorthMet, a polymetallic project located in Minnesota and covering an area of more than 4,000 hectares. Copper-nickel mines are part of the natural resource project.

In February, PolyMet Mining Corp. (NYSE: PLM) stock jumped to a six-month high, climbing 16% in a single day as the top court in Minnesota ruled in favor of the firm in a case involving a clean air permit issued to the firm by the pollution agency of the state.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in PolyMet Mining Corp. (NYSE: PLM) with 304,746 shares worth more than $963,000.

Just like Vale S.A. (NYSE: VALE), BHP Group (NYSE: BHP), and Rio Tinto Group (NYSE: RIO), PolyMet Mining Corp. (NYSE: PLM) is one of the best nickel stocks to buy now.

9. Haynes International, Inc. (NASDAQ: HAYN)

Number of Hedge Fund Holders: 11

Haynes International, Inc. (NASDAQ: HAYN) is a company that makes and sells nickel and cobalt-based alloys. These are corrosion resistant and are used in jet engines, gas turbines, and industrial heating equipment, among other places. The firm is ranked ninth on our list of 10 best nickel stocks to buy now. The company’s shares have returned 60% to investors over the course of the past year. Haynes has a market capitalization of just under $500 million and posted over $380 million in revenue last year.

Haynes International, Inc. (NASDAQ: HAYN) is one of the best options on the market when it comes to dividend payments. On April 29, the company declared a quarterly dividend of $0.22 per share, in line with previous. The forward yield was more than 3%.

At the end of the first quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $56 million in Haynes International, Inc. (NASDAQ: HAYN), down from 13 the preceding quarter worth $42 million.

Just like Vale S.A. (NYSE: VALE), BHP Group (NYSE: BHP), and Rio Tinto Group (NYSE: RIO), Haynes International, Inc. (NASDAQ: HAYN) is one of the best nickel stocks to buy now.

8. Sibanye Stillwater Limited (NYSE: SBSW)

Number of Hedge Fund Holders: 16

Sibanye Stillwater Limited (NYSE: SBSW) is a South African mining company that focuses on precious metals. The company produces gold, nickel, copper, chrome, and other metals. The firm has mining interests in Africa and South America. The company has seen profits soar in recent weeks as the prices of basic materials rise and demand for nickel, used in premier electronic products, rises. It is placed eighth on our list of 10 best nickel stocks to buy now. The stock has returned 106% to investors over the past twelve months..

On June 1, Sibanye Stillwater Limited (NYSE: SBSW) stock soared by close to 7% after the company announced a share buyback program to repurchase 5% of ordinary stock till April next year, affirming that the buyback would not impact dividend payments for shareholders.

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm AQR Capital Management is a leading shareholder in Sibanye Stillwater Limited (NYSE: SBSW) with 5.2 million shares worth more than $93 million.

Just like Vale S.A. (NYSE: VALE), BHP Group (NYSE: BHP), and Rio Tinto Group (NYSE: RIO), Sibanye Stillwater Limited (NYSE: SBSW) is one of the best nickel stocks to buy now.

In its Q1 2021 investor letter, Desert Lion Capital, an asset management firm, highlighted a few stocks and Sibanye Stillwater Limited (NYSE: SBSW) was one of them. Here is what the fund said:

7. Materion Corporation (NYSE: MTRN)

Number of Hedge Fund Holders: 17

Materion Corporation (NYSE: MTRN) is ranked seventh on our list of 10 best nickel stocks to buy now. The company’s shares have returned 36% to investors over the past year. The firm makes and sells advanced engineering materials. These are used in making semiconductors, as well as in products used by the aerospace and defense industries. The company is famous for the production of copper and nickel in a variety of forms, including plate, bar, wire, rod, and others.

On April 29, Materion Corporation (NYSE: MTRN) posted earnings for the first quarter of 2021, reporting earnings per share of $0.82, beating market predictions by $0.22. The revenue for the first three months of 2021 was $354 million, up more than 27% year-on-year.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Materion Corporation (NYSE: MTRN) with 421,511 shares worth more than $27 million.

Just like Vale S.A. (NYSE: VALE), BHP Group (NYSE: BHP), and Rio Tinto Group (NYSE: RIO), Materion Corporation (NYSE: MTRN) is one of the best nickel stocks to buy now.

6. Mechel PAO (NYSE: MTL)

Number of Hedge Fund Holders: 3

Mechel PAO (NYSE: MTL) is a Russian mining company that has stakes in the power and steel businesses as well. It is placed sixth on our list of 10 best nickel stocks to buy now. The stock has returned 20% to investors over the past twelve months. The company is one of the top suppliers of nickel to the Russian government through the Southern Urals Nickel Plant. This nickel is used for defense needs when countries in the West refuse to export nickel to the Russian Federation.

In quarterly earnings results, posted on May 20, Mechel PAO (NYSE: MTL) reported a revenue of RUB76 billion for the first quarter of 2021, up close to 13% compared to the revenue for the first three months of last year.

At the end of the first quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $3 million in Mechel PAO (NYSE: MTL), down from 4 in the previous quarter worth $2.8 million.

Just like Vale S.A. (NYSE: VALE), BHP Group (NYSE: BHP), and Rio Tinto Group (NYSE: RIO), Mechel PAO (NYSE: MTL) is one of the best nickel stocks to buy now.

Click to continue reading and see 5 Best Nickel Stocks to Buy Now.

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Disclose. None. 10 Best Nickel Stocks to Buy Now is originally published on Insider Monkey.

SLAM Exploration Participating In New Brunswick Appalachian Gold Plays

MIRAMICHI, New Brunswick, June 23, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) announces it recently expanded its Jake Lee mineral claims adjacent to a new gold discovery reported by Edge Exploration Inc. (“Edge”), a private New Brunswick company. Edge reported gold grading 4.8 g/t (“grams/tonne”) and greater than 5.0 g/t gold respectively in two overburden drill holes 420m apart within a 5,000 m long anomalous trend. For more information about this discovery Edge’s news release is posted at http://edgexploration.com/edge-news/. The new discoveries are adjacent to SLAM’s 100% owned Jake Lee project and 25 kilometres southeast of the Clarence Stream gold deposit where Galway Metals Corp. recently reported a series of new gold discoveries.

SLAM President & CEO Mike Taylor states, “Congratulations to Dallas Davis and the Edge team on this significant new gold discovery in the mineral-rich province of New Brunswick. These discoveries in the vicinity of the Wheaton Bay fault are further evidence for gold in association with Appalachian structures in Atlantic Canada and suggest that New Brunswick has potential similar to recent discoveries by New Found Gold Corp. and others in Newfoundland.”

This new gold discovery is associated with the Wheaton Bay fault, a regional Appalachian structure that trends easterly through SLAM’s Jake Lee mineral claims. Previous workers discovered one boulder with visible gold and a second boulder grading 302.5 g/t gold in the vicinity of the Wheaton Bay fault to the east of SLAM’s property. The potential source area for these boulders could lie within the Jake Lee claim boundary.

The Company expanded the Jake Lee property southwestward by acquiring an additional 100 unit claim. The expanded property now covers 8937 hectares stretching over 25 kilometres in the vicinity of the Wheaton Bay fault and other favourable Appalachian structures. The Company intends to complete a soil geochemical survey on a portion of the Jake Lee property to test the potential trend of the new gold discoveries as well as the potential source of gold boulders known to occur on adjacent claims.

Menneval Project Update: Trenching is in progress on SLAM’s flagship Menneval Gold project. The Company has uncovered a trail of quartz boulders with a series of trenches over a 600 m strike length along soil trend A. The source of these boulders is likely a set of 3 veins discovered 600 m east of Zone 9 near the end of the 2020 season. The Company followed one of these veins over a 30 m strike length and it is open in both directions. The 0.2 m wide vein is mineralized with pyrite and goethite blebs and limonite in fractures. The Company will continue trenching to follow these veins along strike to the northeast and then to the southwest toward Zone 9. Once the full extent of the vein system is determined by trenching, the Company expects to follow up with a diamond drilling program. Targets include veins No 2 and No 18 both with visible gold. No. 2 returned grades up to 351 g/t gold from grab samples and No. 18 returned grades up to 3955 g/t gold over 0.1 m from chip samples.

The Menneval property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.

Appalachian Gold Structure Model: The Menneval gold discoveries occur on the flank of a major Appalachian structure known as the Restigouche fault. Most other gold deposits in New Brunswick are associated with similar Appalachian structures such as the Millstream Break, Sawyer Brook and Wheaton Bay faults. Major Appalachian structures are associated with the Valentine, Moosehead, Queensway and many other gold deposits in Newfoundland, with the Haile gold mine in South Carolina and with the Dalradian gold project in Ireland. Other New Brunswick examples supporting this Appalachian gold structure model include gold discoveries by Puma Exploration Inc. near the Millstream Break and by Galway Metals Inc. near the Sawyer Brook fault. The same model applies to past and recent gold discoveries near SLAM’s Jake Lee property along the Wheaton Bay fault.

About SLAM Exploration Ltd:

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

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

QA-QC Sampling Procedures
The following description of procedures is copied from the news release published by Edge:

“Drill supervision, core box transportation, sampling, logging and storage have been undertaken personally by Adrian Davis, P. Geo., of XplorEv Geological Services. Sampling was done jointly with Dallas Davis. Samples were delivered personally by Dallas Davis to the Actlabs sample preparation facility in Fredericton, New Brunswick. Blanks and certified standards were inserted and analyzed according to the protocol of Actlabs, a company with ISO/IEC 17025 accreditation. EDGE will insert blanks and standards once the nature of bedrock mineralization is known and the most appropriate standard obtained based on this knowledge. …“Actlabs” in this news release refers to Activation Laboratories Ltd., 41 Bittern St., Ancaster, ON L9G 4V5. Analytical methods used on till samples from the Utopia Project are under “Notes” at the base of the above analytical results table.”

Qualifying Statements: Both Dallas Davis and Adrian Davis are Qualified Persons as defined by National Instrument 43-101. Dallas Davis is the principal owner of Edge and is not an “arms length” party to Edge. All of these parties are “arms length” to SLAM. Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

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

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

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

Caterpillar Inc. CAT recently entered into a collaboration agreement with Nouveau Monde Graphite Inc. to develop, test and produce zero-emission machines for the latter’s Matawinie graphite mine. Caterpillar expects to become the exclusive supplier of an all-electric mining fleet for the mine by 2028. The Matawinie project, which will provide high-purity graphite concentrate for electric vehicles, is planned to be the first open pit operation in the world that will exclusively use electric equipment. This is an important milestone in the mining industry as it can be used as a launch pad for other miners focused on cutting down their emissions utilizing Caterpillar’s cutting-edge technologies.

Fully owned by Nouveau Monde, Matawinie is a high-purity flake graphite deposit located in Saint-Michel-des-Saints, 150 km north of Montréal, Québec. The project is estimated to contain probable reserves of 59.8 Mt (million tons) grading 4.35% graphitic carbon. The mine is expected to produce 100,000 tons of graphite concentrate annually for the battery electric vehicle and energy storage markets. Also, the combination of high-quality infrastructure, skilled workforce and a dynamic regional business ecosystem make it a worthy investment. Nouveau Monde is targeting commercial operations by 2023.

Dedicated to stringent sustainable development standards, Nouveau Monde is committed to having both its equipment used for mining operations and its ore concentration and processing activities become fully electric within the first five years of production. This operating model, which is the world’s first for an open-pit mine, represents a potential reduction of over 300,000 tons of CO2 emissions over the mine’s lifespan. Notably, Caterpillar has been helping its customers decrease their carbon footprints through machinery and power solutions that minimize greenhouse gas emissions.

This news comes on the heels of Rio Tinto plc Plc’s RIO announcement that it will deploy the world’s first fully autonomous water truck in partnership with Caterpillar at its $2.6 billion Gudai-Darri iron ore mine in Western Australia’s Pilbara region. Water spraying is a vital part of mining operations and this new technology will enhance productivity by enabling digital tracking of water consumption, while cutting down water wastage. Rio Tinto intends to make Gudai-Darri one of the world’s most technologically advanced mines.

Cutting down mining sector’s carbon emissions is the need of the hour. Day by day, more and more mining companies are exploring options to electrify their mines. The switch from diesel to electricity will also cut costs and boost their license to operate. Electrified mines will require less maintenance and human intervention. The use of automation and the Internet of Things (IoT) will increase as drones, autonomous vehicles and remote-controlled operational systems are rolled out more widely across mining operations.

At Bernstein 37th Annual Strategic Decisions Conference earlier this month, Caterpillar’s CEO Jim Umpleby pointed toward a “long healthy cycle” in mining and strong commodity prices. Umpleby also highlighted that the energy transition has immense potential for Caterpillar in the long haul. The intensifying global focus on shifting from fossil fuels to zero emissions will require huge amount of commodities. This will lead to higher demand for mining equipment. Caterpillar given its focus on energy and emissions reduction will have a competitive edge.

Per a Research and Markets report, the global market for mining equipment, which was estimated at $119 billion in 2020, is projected to witness a CAGR of 6.1% and hit $179.8 billion by 2027. Metal mining is projected to record a 7.6% CAGR and attain $83.5 billion by 2027.

Price Performance

Shares of Caterpillar have surged 68.8% over the past year compared with the industry’s rally of 45.1%.

Image Source: Zacks Investment Research

Zacks Rank & Other Stocks to Consider

The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other top-ranked stocks in the industrial products sector are Tennant Company (TNC) and Encore Wire Corp. (WIRE). Both of these stocks sport a Zacks Rank #1, at present.

Tennant has an anticipated earnings growth rate of 49.5% for 2021. The company’s shares have gained around 18% year to date.

Encore Wire has an estimated earnings growth rate of 49.5% for the ongoing year. Year to date, the company’s shares have rallied nearly 36%.

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To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, Canada, June 23, 2021 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V: OCO, US: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has received approval from the Chihuahua State and Sinaloa State offices of the Mexican Secretariat of Environment and Natural Resources (“SEMERNAT”) to conduct drill programs from a collective 55 approved drill locations in the Brasiles Zone and the North Zone of its Santo Tomas Project. While initial plans are for one hole per location, if warranted by results, the Company will be able to target different areas of the zone with multiple holes per location.

The Chihuahua State office of SEMERNAT approved the Company’s 46 drill locations, supporting 28-person camp, and access road network the Brasiles Zone. The program will test the Brasiles Gossan zone (identified in surface exposure and further defined by the 3D IP program) and the Western blind target identified by the 3D IP program.

The Sinaloa State SEMERNAT office has approved a non-environmental impact 9 drill location program in the North Zone which is intended to confirm and expand the historical North Zone resource. While this approval does not allow for the construction of new roads, the deployment of light, highly portable drill rigs with helicopter support will offset this restriction. During this initial program, the Company will pursue the unified environmental impact assessment and change of land use permit, as recommended by SEMERNAT, which will allow for the construction of access roads, more drill locations and supporting infrastructure throughout the North Zone.

The Company will now proceed to install water storage and distribution facilities to support the drilling at the Brasiles and North Zones and will shortly mobilize drill equipment to commence the drill programs.

“We are very pleased with the cooperation and support we have received from the Sinaloa and Chihuahua offices of SEMERNAT” stated Ian Graham, the Company’s President. “We see this positive relationship as integral to the success of the Santo Tomas Project.”

ABOUT OROCO:

The Company holds a net 73.2% interest in the collective 1,172.9 ha Core Concessions of the Santo Tomas Project in NW Mexico. The Company also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the Core Concessions (for a total project area of 22,192 acres). The Project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Group’s Bahuerachi project, approximately 14 km to the north-east. Santo Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period from 1968 to 1994. During that time, the property was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Based on data generated by these drill programs, a historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.

The Santo Tomas Project is located within 160km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.

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

Cautionary Note Regarding Forward Looking 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, other than statements of historical fact included herein, including without limitation, statements relating to future events or achievements of the Company, are forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated or implied in such statements. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Oroco does not assume any obligation to update the forward-looking statements should they change, except as required by law.

CONTACT: Craig Dalziel, CEO Oroco Resource Corp. (604) 688-6200 cdalziel@orocoresourcecorp.com

The FTSE 100 (^FTSE) opened higher on Wednesday with little in the way of major momentum in European markets.

The FTSE was up 0.1% shortly after the open, powered higher by mining stocks. Anglo American (AAL.L) topped the bluechip index with a gain of 2%, while BHP (BHP.L) wasn't far behind.

Elsewhere, the German DAX (^GDAXI) was 0.2% higher and the French CAC (^FCHI) added 0.1%.

Investors were focused on central banks and private-sector PMI data. In Britain, Wednesday marked the fifth anniversary of the Brexit vote, although this was more symbolic than market-moving.

IHS Markit is publishing flash PMI readings for June on Wednesday morning. Early data for France showed growth but at a lower level than forecast. Momentum in Germany was better than expected, with the strongest growth since March 2011.

Data for Britain, due at 9.30am UK time, is expected to show a continued bumper recovery as the economy reopens.

The Federal Reserve continues to dominate the conversation within market. The US central bank last week surprised the market by suggesting it could hike US interest rate twice in 2023. It sparked a sell-off of stocks and a rally for the dollar, as investors rejigged portfolios to reflect a sooner-than-expected end to the era of ultra-cheap money.

In testimony and speeches on Tuesday, Fed chair Jerome Powell and his colleagues sought to reassure investors that rate hikes are still a way off. The public comments helped stocks rally and cooled the dollar after a recent price surge. 

The Nasdaq (^IXIC) touched a new intraday high on Tuesday and looked set to continue to climb on Wednesday. Futures (NQ=F) were up 0.2% in early trade. Elsewhere, Dow futures (YM=F) were up 0.3% and S&P 500 futures (ES=F) were 0.2% higher.

The pound was up 0.2% against the dollar (GBPUSD=X) in early trade on Wednesday. Cable reached $1.3975, its highest level since last Thursday when the Fed-driven rally for the dollar was gathering pace.

Fed board member Michelle Bowman and Federal Reserve Bank of Boston president Eric Rosengren are both due to give speeches later this afternoon.

Asian markets were mixed overnight, with tech stocks powering the Hong Kong Hang Seng (^HSI) 1.8% higher but gains muted elsewhere. Japan's Nikkei (^N225) closed flat after minutes from the Bank of Japan showed policymakers believed the global economy recovery could be faster than previously expected. It raises the prospect of the removal of stimulus and support measures, which will likely make capital more expensive.

Watch: Will interest rates stay low forever?