(Adds prosecutor quote, company comment)

By Marta Nogueira

RIO DE JANEIRO, July 9 (Reuters) – Federal prosecutors in Brazil are seeking a definitive settlement with miner Samarco and it's shareholders, BHP Group and Vale, for damages caused by the rupture of a tailings dam in 2015, the lead prosecutor told Reuters.

Carlos Bruno Ferreira da Silva, who is leading the task force responsible for the case, said in an interview this week that prosecutors felt a previous agreement – in which the companies agreed to pay around 20 billion reais ($3.80 billion)- had not been effective enough.

He declined to put a figure on how much companies might have to pay, but cited a previous lawsuit seeking 155 billion reais as a potential benchmark.

He also said the settlement would look to learn from the agreement signed with Vale for a separate dam disaster in 2019 at Brumadinho, in which the company agreed to pay 37.69 billion reais ($7.17 billion).

The dam collapse at the Samarco iron ore mine near the town of Mariana in the Brazilian state of Minas Gerais is widely regarded as the country's largest ever environmental disaster. It released enough thick red sludge to fill about 12,000 Olympic swimming pools, flattened an entire village, killed 19 people and left hundreds homeless.

The waste flooded the Rio Doce river, choking fish and spitting them lifeless to the surface.

In 2016, the companies agreed an initial settlement with prosecutors which created a foundation through which to repair damages and a complicated chronology for payments. But the deal left open space for a final definitive agreement.

Silva said there were nearly 85,000 still-unresolved lawsuits relating to the disaster and added that authorities, the mining companies and the impacted population were all unhappy with the earlier agreement.

"Everyone thinks the situation could be better," he said.

In response to requests for comment, Samarco, Vale, BHP and the Renova Foundation – responsible for implementing reparations – said they remain committed to repairing the damage done.

The negotiations with prosecutors, they added, will not interfere with projects and compensations currently in progress. ($1 = 5.2579 reais) (Reporting by Marta Nogueira, writing by Stephen Eisenhammer, Editing by Chris Reese and Diane Craft)

TORONTO, July 9, 2021 /CNW/ – Adventus Mining Corporation ("Adventus" or the "Company") (TSXV: ADZN) (OTCQX: ADVZF) is pleased to announce that it has entered into an agreement with 2176423 Ontario Ltd., a private company controlled by Eric Sprott, to sell 17,336,339 common shares (the "Shares") of Canstar Resources Inc. ("Canstar") (TSXV: ROX) (OTCQB: CSRNF) at a price of $0.375 per Share for gross proceeds to Adventus in the amount of $6,501,127.12 (collectively, the "Sale Transaction").

Christian Kargl-Simard, President and CEO of Adventus commented, "We are excited at the ongoing momentum and success Canstar is having in Newfoundland, Canada, but must continue to focus on advancing and de-risking our core copper-gold business in Ecuador. We are pleased to have found an investor as renowned as Eric Sprott to purchase our Canstar stake with a longer-term vision for the business. As this ownership stake was non-core, the funds will go towards incremental exploration and development expenditures in Ecuador as well as general working capital and corporate purposes."

The Sale Transaction is scheduled to close in two tranches: the first tranche of 10,401,802 Shares is anticipated to close on or about July 15, 2021 for proceeds of $‎3,900,675.75 ‎and the second tranche of 6,934,537 Shares is anticipated to close on or about August 17, 2021 for proceeds of $‎‎2,600,451.37 ‎following release from escrow, subject to customary closing conditions. All currencies referenced in this news release are in Canadian dollars.

Early Warning Disclosure

Upon closing of the Sale Transaction, Adventus will no longer hold any common shares in Canstar.

Adventus will file an early warning report under National Instrument 62-103 in connection with the closing of the Sale Transaction. As Adventus will have decreased its security holdings in Canstar below 10%, following the foregoing early warning report filing, it will no longer be required to report under the early warning requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids with respect to Canstar, unless its security holdings in Canstar increases to 10% or more in the future.

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

This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.

Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Adventus expect or anticipate will or may occur in the future. Although Adventus have attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, 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 such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus undertake to update any forward-looking information except in accordance with applicable securities laws. Forward looking information in this news release includes the future closing of the Sales Transaction and the anticipated timing thereof; and the Company's future ownership of common shares of Canstar.

SOURCE Adventus Mining Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/09/c0457.html

TORONTO, July 09, 2021 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) will release second quarter 2021 financial and operating results on Tuesday, July 27, 2021 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, July 28, 2021 at 9:00 am (ET).

Conference call and webcast details:

Conference call replay:

The conference call replay will be available from July 28, 2021 until 11:59pm ET on August 11, 2021.

For further information, visit our website at www.first-quantum.com or contact:

Ryan MacWilliam, Director, Business Development and Investor Relations
(416) 361-3400 Toll-free: 1 (888) 688-6577
E-Mail: info@fqml.com

ROUYN-NORANDA, Quebec, July 08, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that the Toronto Stock Exchange (“TSX”) has approved Globex’s normal course issuer bid (“NCIB”). Under the NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing approximately 1.82% of Globex’s issued and outstanding shares as of June 30, 2021, over a twelve-month period starting on July 12, 2021 and ending on July 11, 2022. The purchases by Globex will be effected through the facilities of the TSX and on other alternative trading systems in Canada, and will be made at the market price of the shares at the time of the purchase. Globex had 55,089,817 common shares issued and outstanding as of June 30, 2021, of which 48,708,726 shares constitute the “public float”.

During the most recently completed six months, the average daily trading volume for Globex’s common shares on the TSX was 91,628 shares. Consequently, under the policies of the TSX, Globex will have the right to repurchase during any one trading day a maximum of 22,907 common shares, representing 25% of the average daily trading volume. In addition, Globex may make, once per calendar week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not directly or indirectly owned by insiders of Globex, in accordance with the policies of the TSX.

Globex intends to acquire the common shares because it believes that the repurchase of common shares at certain market prices is beneficial to Globex and its shareholders. Globex intends to make any purchases on an opportunistic basis, taking share price and other considerations into account.

Any purchases made pursuant to the NCIB will be made in accordance with the requirements of the TSX. Except for exempt offers, Globex will make no purchases of common shares other than open market purchases during the period of the NCIB.

Under its previous NCIB, which entered into effect on March 13, 2020 and which expired on March 12, 2021, Globex was authorized to purchase up to 1,000,000 shares. Under the NCIB, Globex repurchased a total of 27,035 common shares at a volume weighted average purchase price of $0.6827 per share, through the facilities of the TSX and on alternative trading systems in Canada. All of the repurchased shares were cancelled by Globex.

Under Globex’s NCIB which entered into effect on March 12, 2019 and which expired on March 11, 2020, Globex was authorized to purchase up to 1,000,000 shares. Globex repurchased a total of 583,500 common shares at a volume weighted average purchase price of $0.3310 per share, all of which shares were cancelled by Globex.

In connection with the NCIB, Globex has entered into an automatic share purchase plan with a Canadian securities dealer pursuant to which the securities dealer, acting as Globex’s agent, may acquire at its discretion shares on Globex’s behalf during “black-out” or “closed” periods under Globex’s stock trading policy, subject to certain parameters as to price and number of shares.

Forward Looking Statements

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

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

55,089,817 shares issued and outstanding

Shares of mining giant Rio Tinto (RIO) were down around 4% in pre-market trading on Thursday after the company signed a Memorandum of Understanding (MoU) with South Korea’s largest steelmaker POSCO. Both companies will work together on various technologies to achieve low-carbon emissions across the entire steel value chain.

The partnership is a step towards both Rio Tinto’s and POSCO’s long-term ambitions of achieving net-zero carbon emissions by 2050.

The alliance will integrate Rio’s iron ore processing capabilities with POSCO’s steelmaking expertise to evaluate possible ways to reduce carbon emissions throughout the steel value chain, from the mining of iron ore to the final production of steel.

In pursuit of its net-zero goal, Rio Tinto has signed similar partnership agreements with several other steel producers, including China’s Baowu Steel Group, and Japan’s Nippon Steel Corporation.

Rio Tinto has actively been working on the climate change issue for over twenty years and has reduced its emissions by more than 30% in the past ten years. (See RIO stock charts on TipRanks)

Furthermore, Rio Tinto plans to reduce carbon intensity by 30% and absolute emissions by an incremental 15% by 2030.

Notably, it has also created a $1 billion fund to finance projects related to climate change and the betterment of the environment.

Simon Farry, VP of Iron Ore Sales and Marketing at Rio Tinto, commented, “This partnership with POSCO, a valued and long-standing customer, demonstrates our combined commitment to working together to identify ways to reduce emissions across the steel-making process. The agreement also complements Rio Tinto‘s partnerships with other customers as the industry focuses on developing technologies that support the transition to a low-carbon economy.”

UBS analyst Myles Allsop recently downgraded Rio Tinto to Sell from Hold.

Allsop believes that iron ore has reached an inflection point and forecasts iron ore prices to fall around 50% from their current highs of around $220, based on an expected boost in the iron ore supply.

Consensus among analysts is a Moderate Buy based on 2 Buys and 1 Sell. The average Rio Tinto price target of $101.56 implies 24% upside potential to current levels.

Rio Tinto scores a 7 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock is likely to perform in line with market expectations.

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TORONTO (Reuters) -Junior miner Star Diamond Corp on Thursday said it objected to Rio Tinto's "predatory and coercive" actions after the global miner called a meeting for a joint venture the Canadian company says does not yet exist.

Rio Tinto responded by saying it "disagrees with Star Diamond’s interpretations in all material respects."

The companies have been in a long-running dispute over development of Star Diamond's Star-Orion South Diamond Project in the Canadian province of Saskatchewan.

In 2017, Star Diamond entered an earn-in agreement with Rio Tinto Exploration Canada Inc that gave the Anglo-Australian miner an option to earn up to a 60% interest in the project.

Saskatoon-based Star Diamond later said Rio overspent on the project while exercising its earn-in options before completing and delivering results from its bulk sampling program. It said Rio Tinto was trying to boost its stake at below market value.

Rio has spent roughly C$168 million to complete a 10-hole bulk sample program that Rio told Star Diamond would originally cost about C$18.5 million, the Canadian company said on Thursday.

"Rio Tinto now seeks to call a management committee meeting that it has no legal right to call for a joint venture that Rio Tinto knows has not been duly formed," Star Diamond said in a release.

A Rio Tinto spokesman said the miner has a right to call a meeting of the management committee and that Star Diamond’s latest attempt to prevent it from exercising that right was denied by a court on June 24.

A preliminary study in 2018 estimated 66 million carats of diamonds could be recovered from the C$2 billion Star-Orion project over a 38-year mine life.

Rio faced similar acrimony with its junior partner Turquoise Hill Resources over expansion of the pair's Oyu Tolgoi copper-gold mine in Mongolia, although that dispute was put to bed in April.

(Reporting by Jeff Lewis; Editing by David Gregorio and Paul Simao)

(Adds Rio comment)

TORONTO, July 8 (Reuters) – Junior miner Star Diamond Corp on Thursday said it objected to Rio Tinto's "predatory and coercive" actions after the global miner called a meeting for a joint venture the Canadian company says does not yet exist.

Rio Tinto responded by saying it "disagrees with Star Diamond’s interpretations in all material respects."

The companies have been in a long-running dispute over development of Star Diamond's Star-Orion South Diamond Project in the Canadian province of Saskatchewan.

In 2017, Star Diamond entered an earn-in agreement with Rio Tinto Exploration Canada Inc that gave the Anglo-Australian miner an option to earn up to a 60% interest in the project.

Saskatoon-based Star Diamond later said Rio overspent on the project while exercising its earn-in options before completing and delivering results from its bulk sampling program. It said Rio Tinto was trying to boost its stake at below market value.

Rio has spent roughly C$168 million to complete a 10-hole bulk sample program that Rio told Star Diamond would originally cost about C$18.5 million, the Canadian company said on Thursday.

"Rio Tinto now seeks to call a management committee meeting that it has no legal right to call for a joint venture that Rio Tinto knows has not been duly formed," Star Diamond said in a release.

A Rio Tinto spokesman said the miner has a right to call a meeting of the management committee and that Star Diamond’s latest attempt to prevent it from exercising that right was denied by a court on June 24.

A preliminary study in 2018 estimated 66 million carats of diamonds could be recovered from the C$2 billion Star-Orion project over a 38-year mine life.

Rio faced similar acrimony with its junior partner Turquoise Hill Resources over expansion of the pair's Oyu Tolgoi copper-gold mine in Mongolia, although that dispute was put to bed in April. (Reporting by Jeff Lewis; Editing by David Gregorio and Paul Simao)

VANCOUVER, British Columbia, July 08, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) is pleased to announce that it has entered into a royalty purchase agreement (the "Agreement") with Champion Iron Mines Limited ("Champion"), a wholly owned subsidiary of Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF), whereby the Corporation will sell to Champion certain iron ore royalties as well as the exploration property known as Lac Lamêlée.

The Agreement provides that, in consideration of a $1.3 million payment in cash at closing, plus certain future finite production payments payable once certain iron ore production thresholds have been reached with respect to iron ore production from the Fermont Properties subject to this agreement, Champion will acquire the Corporation’s ownership interest in the Lac Lamêlée property and a 1.5% Net Smelter Return royalty interest in the O’Keefe-Purdy, Harvey-Tuttle, Bellechasse, Oil Can, Fire Lake North Consolidated, Peppler Lake and Moiré Lake properties, which are currently held by the Corporation (the "Transaction").

The Agreement, combined with the current market conditions, provides immediate and additional future benefits to Fancamp as projects are developed to production by Champion.

In addition to the immediate cash payment that will be paid to Fancamp, this Agreement is expected to provide Fancamp and its shareholders greater long-term certainty with respect to future income related to the Corporation’s iron ore properties, as well as greater flexibility and opportunity for earlier development of these deposits.

The Agreement is subject to approval of the TSX Venture Exchange.

Independent Fairness Opinion

Watts, Griffis and McOuat was retained by the Corporation in connection with the Agreement. Watts, Griffis and McOuat has provided the Fancamp Board of Directors with its opinion that the Agreement is fair from a financial and technical point of view.

Related Party and MI 61-101 Disclosure

As Champion holds 12.64% of the outstanding shares of Fancamp, it is considered a non-arm’s length party pursuant to TSX Venture Exchange policies. The Transaction also constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Fancamp is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fair market value of the subject matter of, nor the fair market value of the consideration for, the contemplated Transaction, not exceeding 25% of Fancamp’s market capitalization. A resolution of the board of directors of Fancamp was passed on July 8, 2021 approving the Transaction, with one director voting against the Transaction as part of the steps taken as a concerned shareholder. No special committee was established in connection with the Transaction. Fancamp did not file a material change report more than 21 days prior to the completion of the Transaction, the window of opportunity for signing the Agreement and closing the Transaction being immediate it would have been detrimental for the parties involved to wait 21 days.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information includes, but is not limited to, information and statements relating to future benefits arising from the Agreement and the development and future production of the relevant mining properties. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, uncertainties relating to the development of the relevant mining properties and risks relating to the terms and duration of any government orders suspending or limiting operations that are applicable to Fancamp or the relevant mining properties; the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210708005737/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

VANCOUVER, British Columbia, July 08, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) is providing additional details of the Rights Offering completed June 25, 2021.

To the knowledge of the Company, no person became an insider as a result of the Rights Offering. Existing insiders acquired an aggregate of 5,834,477 shares pursuant to the Basic Subscription Privilege and 1,453,337 shares pursuant to the Additional Subscription Privilege.

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

Potential Grange Resources Limited (ASX:GRR) shareholders may wish to note that the CEO, MD & Executive Director, Honglin Zhao, recently bought AU$265k worth of stock, paying AU$0.60 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 34%.

See our latest analysis for Grange Resources

Grange Resources Insider Transactions Over The Last Year

In fact, the recent purchase by Honglin Zhao was the biggest purchase of Grange Resources shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of AU$0.72. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Insider Ownership of Grange Resources

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 9.4% of Grange Resources shares, worth about AU$79m. 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 Grange Resources Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Grange Resources shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Grange Resources. At Simply Wall St, we found 2 warning signs for Grange Resources that deserve your attention before buying any shares.

But note: Grange Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

MELBOURNE, July 07, 2021–(BUSINESS WIRE)–Rio Tinto has appointed Isabelle Deschamps to succeed Barbara Levi as Chief Legal Officer & External Affairs. Isabelle, who is currently General Counsel of AkzoNobel and a member of the Executive Committee, will join Rio Tinto on 25 October 2021.

Isabelle, a dual Canadian and UK citizen, has over 20 years’ experience in various senior legal roles across Europe and Canada. She joined AkzoNobel in 2018 as Group General Counsel, where she is responsible for all legal, integrity & compliance and intellectual property management, as well as company secretary. She was a driving force behind the Diversity & Inclusion programme.

Before joining AkzoNobel, Isabelle spent six years at Unilever in the UK and in The Netherlands where she had accountability for legal and compliance for its European businesses and its Food & Refreshment division worldwide. Prior to that she led the legal and compliance activities for the Personal Care business whilst also managing the global Intellectual Property group and spearheading legal support to e-commerce, digital and privacy.

Isabelle joined Unilever from Nestlé, where she held various positions in Switzerland and globally. She started her career at a Canadian law firm in Montreal and is admitted to the England and Wales Law Society and to the Quebec (Canada) Bar.

Rio Tinto chief executive Jakob Stausholm said "Isabelle brings a wealth and diversity of legal experience having worked in various senior legal roles for a number of large multinational companies. I am delighted to welcome her to Rio Tinto and look forward to having her join the executive team and lead our legal, compliance and external affairs teams."

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210706005875/en/

Contacts

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

Media Relations, UK

Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas

Matthew Klar
T +1 514 608 4429

Media Relations, Australia

Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, UK

Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Investor Relations, Australia

Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc

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

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

Rio Tinto Limited

Level 7, 360 Collins Street
Melbourne 3000
Australia

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

riotinto.com

Category: General

The FTSE 100 (^FTSE) jumped higher on Wednesday, boosted by rallying oil and mining stocks.

The FTSE had gained half a per cent by lunchtime in London. The index was initially boosted by Royal Dutch Shell (RDSB.L) before surging mining stocks took over the lead.

Oil major rose over 2% in early trade after announcing plans to hike payouts to shareholders later this month. Shell said it would increase distributions to between 20% and 30% of cashflow from its operations thanks to a rebound in its core business and an improving outlook. The stock pulled back to trade up 1.5% by lunchtime.

Rival BP (BP.L) rallied 0.7% on the back of Shell's announcement. Both stocks also benefited from rising oil prices. Brent futures (BZ=F) were up 1.5% in early trade to reach $75.66 a barrel.

Mining and resources stocks were in demand in London. Anglo American (AAL.L) led the FTSE leaderboard by lunchtime with a gain of 3%. BHP (BHP.L) rose 2.4%, Rio Tinto (RIO.L) was 2% higher, and steel business Evraz (EVR.L) rose 1.9%.

Stocks were catching bids on the continent too. France's CAC 40 (^FCHI) was up 0.1% in early trade and the German DAX (^GDAXI) rose 0.9%. Demand for resources helped the German index too, with Heidelberg Cement (HEI.DE) shooting up 4.4%.

Markets were mostly lower in Asia overnight. Japan's Nikkei (^N225) fell 1% as the country's leading economic index came in lower than expected. South Korea's KOSPI (^KS11) slipped 0.6%. On the Chinese mainland, the Shanghai Composite (000001.SS) rallied 0.7% and the Shenzen Component (399001.SZ) gained 1.8%.

The Hong Kong Hang Seng (^HSI) dropped 1% amid mounting fears about Chinese action against tech giants such as Alibaba (9988.HK) and Didi (DIDI). 

Shares in ride-hailing giant Didi crashed 20% in its New York IPO after Chinese regulators opened a data probe of the company and called for its removal from the country's app store. The stock was down another 3.9% in the pre-market.

Wall Street looks set for a higher open. S&P 500 futures (ES=F) were up 0.2%, Dow futures (YM=F) were up 0.1%, and Nasdaq futures (NQ=F) ticked 0.5% higher.

Watch: What are SPACs?

ST. JOHN’S, Newfoundland and Labrador, July 07, 2021–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") is pleased to update its Project Generation ("PG") business activities and its public junior equities portfolio. The market value of equities in the portfolio at June 30, 2021 was approximately $64.5 million, compared to $54.2 million at March 31, 2021. The portfolio value includes receipt of 600,000 shares of Champion Iron Limited (CIA:TSX) that were distributed to secured debt holders as part of its acquisition of the Kami project through a receivership process, and also 7.14 million shares of TRU Precious Metals Corp. (TRU:TSXV) that were received as payment for the Golden Rose property during the quarter. The portfolio value does not include equity sales amounts of $1.9 million but does incorporate new investments made of $2.1 million during the quarter. An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities.

Portfolio and Project Highlights

Altius PG equity companies have raised more than $150 million from the beginning of 2020 to the end of Q1 2021. This pace continued in Q2, with an additional $68 million closed in the quarter, mainly by Surge Copper Corp. (SURG:TSXV) ("Surge") ($14 million) and Uranium Royalty Corporation (URC:TSXV) ($37 million).

Adventus Mining Corporation (ADZN:TSXV) ("Adventus") continued to report positive high grade infill drilling results from its copper and gold rich El Domo deposit located within the Curipamba project. A feasibility study for El Domo is expected to be completed in the fourth quarter of 2021. Adventus also recently commenced exploratory drilling on targets within the broader Curipamba project. In addition to its large equity holding in Adventus, Altius holds a 2% net smelter return ("NSR") royalty covering the Curipamba project as well as royalties covering several additional exploration projects located in Ireland and Newfoundland that Adventus has either sold to or partnered with third party companies including South32 and Canstar Resources..

Orogen Royalties Inc. (OGN:TSVV) ("Orogen") reported additional exploration project sales that included retained royalties as well as providing insight into First Majestic Silver Corporation’s continued advancement of the construction-stage Ermitaño gold-silver deposit in Mexico, on which Orogen holds a 2% NSR royalty. In addition to its equity stake in Orogen, Altius also owns a direct 1.5% NSR royalty related to the Orogen-generated Silicon project in Nevada, that is being advanced by AngloGold Ashanti. Orogen also holds a 1% NSR royalty on the Silicon project.

Surge Copper Corp. During the quarter Altius acquired 3,773,585 flow-through units in Surge at a price of 53 cents per unit for a total investment of $2 million. Surge is a copper exploration company with a current focus on resource definition and exploration of its Ootsa Cu-Au porphyry project, British Columbia.

During the quarter several precious metal projects organically generated and vended by Altius in Newfoundland for equity stakes and underlying project royalties in the past year saw the commencement of summer field programs and drilling campaigns that included:

– Sterling Metals Corp. (SAG:TSXV) at the Sail Pond project

– Canstar Resources Inc. (ROX:TSXV) at its Golden Baie project

– Canterra Minerals Corporation (CTM:TSXV) at its Wilding Lake project

– TRU Precious Metals Corp. on its Newfoundland projects including the Golden Rose project

During the quarter Altius executed an agreement to vend its Adeline copper project in Labrador to Chesterfield Resources (CHF:LSE) for 9.9% of the Company (10,089,199 shares) and 11,100,000 3-year warrants priced at 20p, as well as a 1.6% gross sales royalty covering the project. Altius anticipates receipt of the payment shares by the end of July. The value of these shares has not been included in the quarter end portfolio value.

Altius also executed a binding Letter of Intent with Churchill Resources Inc. (CRI:TSXV) on the sale of the Florence Lake nickel project for the staged issuance of approximately 8.3 million total shares of CRI and retention of a 1.6% gross sales royalty covering the project. Altius anticipates receipt of the payment shares in the third quarter, the value of which has also not been included in the quarter end portfolio value.

Qualified Person

Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed, prepared and approved this release.

About Altius

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210707005332/en/

Contacts

Chad Wells
Email: Cwells@altiusminerals.com
Tel: 1.877.576.2209

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

Teck Resources Limited TECK has issued an update related to the rail disruptions due to the wildfires in British Columbia (B.C). This incident has damaged the rail line near Lytton, B.C., causing disruption in rail services between Teck’s steelmaking coal operations and west coast terminals.

The company has been executing measures since the Jun 30 accident to mitigate impact of the disruption and focus on redirecting shipments to Ridley Terminals in Prince Rupert. Teck is evaluating the overall impact of the incident to customer shipments and productions, which will be dependent on the length of the rail disruption.

Notably, the company’s second-quarter 2021 sales remain unaffected as the incident occurred on the last day of the quarter. During its first quarter conference call in April, the company had projected steelmaking coal sales volume between 6 and 6.4 million tons for the June-end quarter. However, Teck’s steelmaking coal sales during third-quarter 2021 are expected to be lowered by 300-500 thousand tons due to the incident. The company is also taking measures to ease the impact of rail disruption related to product transportation from Highland Valley Copper operations (HVC).

The company’s all B.C operations are currently operational, with steelmaking coal operations producing and taking advantage of the low levels of clean coal inventory at the mines.

Teck is the world's second largest seaborne exporter of steelmaking coal, with six operations in Western Canada that have significant high-quality steelmaking coal reserves. During first-quarter 2021, steelmaking coal sales volumes improved 9% year over year to 6.2 million tons. For the current year, Teck had earlier guided steelmaking coal production between 25.5 million tons and 26.5 million tons.

Demand for steelmaking coal continues to recover from the impact of the pandemic. The company targets 7.5 million tons steel making coal sales to China in the current year in a bid to capitalize on the increase in demand due to restrictions on Australian coal imports. Moreover, the Neptune Bulk Terminals upgrade project will strengthen the performance of the steelmaking coal-supply chain and meet the long-term requirements of customers for consistent, high-quality product while also lowering overall logistics costs.

Price Performance

The company’s shares have appreciated 107.5% over the past year, outperforming the industry’s growth of 41.3%.

Image Source: Zacks Investment Research

Zacks Rank & Stocks to Consider

Teck currently carries a Zacks Rank #3 (Hold).

Better-ranked stocks in the basic materials space include Univar Solutions Inc. UNVR, Nucor Corporation NUE and Cabot Corporation CBT. While Univar and Nucor sport a Zacks Rank #1 (Strong Buy), Cabot carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Univar has a projected earnings growth rate of 35.2% for 2021. The company’s shares have rallied around 53% in a year’s time.

Nucor has a projected earnings growth rate of 259.9% for the current year. The company’s shares have soared around 130% over the past year.

Cabot has an expected earnings growth rate of around 126% for the current fiscal year. The company’s shares have surged 60% in the past year.

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MONTREAL, July 07, 2021 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce the commencement of a 2,500-metre diamond drill program on its Cheechoo gold property in Eeyou Istchee James Bay, Quebec. In addition to definition drilling, the program will test exploration targets outside of the limits of the Cheechoo gold deposit, as well as a target at depth on the extension of the deposit itself.

From south to north, the first hole will be the deepest of the entire campaign, targeting a possible lateral extension of the Cheechoo deposit to the southeast. The second hole will test the extension of a zone defined by 0.9 g/t Au over 15.7 m (including 1.2 g/t Au over 8.1 m) from hole 129 (ref: press release 04/24/2018) hosted in the meta-graywackes, outside of the limits of the currently defined gold resource that are hosted in the tonalite. A newly identified gold-bearing zone could thus be defined solely hosted in the meta-sedimentary rocks.

Several definition holes will also be drilled in the central-eastern part of the deposit. Finally, five to seven holes, located approximately 2.5 km north of the currently defined deposit, will target a gold-arsenic soil anomaly located up-ice of a till anomaly.

The diamond drilling is being carried out by Synee Drilling Inc. a company majority owned by the Tawish Development Corporation of the Wemindji Cree Nation. In addition to Synee Drilling's diamond drill rig, a second reverse circulation (RC) drill rig, operated by Boart Longyear, will arrive at the Cheechoo site in the near future to complete an additional 7,500 metre definition drilling program.

The scientific and technical content of this press release has been reviewed and approved by Dominique Doucet, P.Eng. President and CEO of Sirios Resources Inc. and Jordi Turcotte, P.Geo., Senior Geologist, Qualified Persons as defined by NI 43-101.

Two images accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/6a1f6ab6-07f7-4fae-9722-a2917908dca9

https://www.globenewswire.com/NewsRoom/AttachmentNg/19a75e8d-3890-4214-9b11-f0e1e8a677de

About the Cheechoo Property
The Cheechoo gold property, wholly-owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore gold mine. The latest resource estimate for the Cheechoo project (October 2020) estimated an inferred resource of 2.0 million ounces of gold contained in 93.0 million tonnes of rock at an average grade of 0.65 g/t Au, with significant potential to increase this resource.¹

About Sirios
A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada, Sirios Resources Inc. is focusing primarily on its Cheechoo gold discovery, while actively exploring for the gold potential of its other properties.

Forward-Looking Statements:
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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

Contact :
Dominique Doucet, President, CEO, Eng.
Tel. : (514) 918-2867
ddoucet@sirios.com
website : www.sirios.com

¹ BBA, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020

Even if it's not a huge purchase, we think it was good to see that Kyle Haynes, a RBR Group Limited (ASX:RBR) insider, recently shelled out AU$106k to buy stock, at AU$0.005 per share. Even though that isn't a massive buy, it did increase their holding by 53%, which is arguably a good sign.

Check out our latest analysis for RBR Group

RBR Group Insider Transactions Over The Last Year

In fact, the recent purchase by Kyle Haynes was the biggest purchase of RBR Group shares made by an insider individual in the last twelve months, according to our records. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.006. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

RBR Group insiders may have bought shares in the last year, but they didn't sell any. They paid about AU$0.0056 on average. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Insider Ownership of RBR Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. RBR Group insiders own about AU$3.1m worth of shares (which is 40% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About RBR Group Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about RBR Group. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 7 warning signs for RBR Group (5 are a bit concerning!) that we believe deserve your full attention.

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, July 07, 2021–(BUSINESS WIRE)–Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) will release its 2021 second quarter ("Q2 2021") results on Tuesday, July 27, 2021 after market close. Management will discuss the results during an investor conference call on Wednesday, July 28, 2021 at 11:30 am Eastern Time / 8:30 am Pacific Time.

Q2 2021 RESULTS CONFERENCE CALL AND WEBCAST DETAILS

Link to the webcast and audio:
https://produceredition.webcasts.com/starthere.jsp?ei=1473032&tp_key=6c0969ad6e

Dial-in numbers for the audio-only portion of the conference call are below. Due to an increase in call volume, please dial-in at least five minutes prior to 11:30 am ET to ensure placement into the conference line on time.

Toronto: (+1) 416-764-8650
Vancouver: (+1) 778-383-7413
North America toll free: 888-664-6383
Confirmation number: 21773965

A replay of the conference call will be available until August 4, 2021. Dial-in numbers for Toronto: (+1) 416-764-8677 and North American toll free: 888-390-0541. The replay code is 773965#. Following the replay, an audio file will be available on Capstone’s website at: https://capstonemining.com/investors/events-and-presentations/default.aspx.

ABOUT CAPSTONE MINING CORP.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210707005793/en/

Contacts

For further information please contact:

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

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

HEIDELBERG, Germany, July 06, 2021 (GLOBE NEWSWIRE) — DELPHI Unternehmensberatung Aktiengesellschaft (“DELPHI”) has acquired of 55,500 Common Shares of Rokmaster Resources Corp. (“Company”) (TSX-V: RKR) at C$ 0.50 per Common Share in the public market (“Transaction”) for a total consideration of C$27,750.

DELPHI now has ownership and control of 14,720,500 Common Shares representing approximately 14.0% of the issued and outstanding Common Shares of the Company (calculated on a non-diluted basis immediately after the Transaction) and assuming the exercise of 7,839,427 Warrants of the Company entitling DELPHI to purchase up to an additional 7,839,427 Common Shares, DELPHI has ownership and control of 22,559,927 Common Shares, representing approximately 19.9% of the issued and outstanding Common Shares of the Company (calculated on a partially diluted basis immediately after the Transaction).

Prior to the Transaction, DELPHI had ownership and control of 14,665,000 Common Shares, representing approximately 14.0% of the issued and outstanding Common Shares of the Company (calculated on a non-diluted basis immediately before the Transaction), and assuming the exercise of 7,908,802 Warrants of the Company entitling DELPHI to purchase up to an additional 7,908,802 Common Shares, DELPHI had ownership and control of 22,573,802 Common Shares, representing approximately 19.9% of the issued and outstanding Common Shares of the Company (calculated on a partially diluted basis immediately before the Transaction).

The acquisition was made solely for investment purposes. In accordance with applicable securities laws, DELPHI may, from time to time and at any time, acquire additional Common Shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of the Company in the open market or otherwise, and DELPHI reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Company and other relevant factors.

DELPHI was incorporated in Germany. DELPHI’s principal business is to invest its own funds.

For further details relating to the acquisition please see the amended Report, which was filed in accordance with applicable securities laws, a copy of which is available under the Company’s profile on the SEDAR website at www.sedar.com, or may be obtained from DELPHI Unternehmensberatung Aktiengesellschaft, Wilhelm K. T. Zours (CEO / Member of the Board), +49 6221 649240, info@deutsche-balaton.de.

By Melanie Burton

MELBOURNE, July 6 (Reuters) – Buoyed by a rebound in the price of coal, Australian miners of the resource are dusting off expansion plans and raising capital for new projects and acquisitions.

New Hope Corporation, a major thermal coal producer, raised about A$200 million ($152 million) late last month whose use it said "may include further growth expansion and opportunistic M&A activity."

And Stanmore Resources said last week its majority owner, Singapore-listed Golden Energy and Resources (GEAR), will increase a loan facility to $70 million, partly to help the Australian coal miner advance its Isaac Plains project.

New Hope and Golden Energy are seen by analysts and bankers as potential suitors for some of BHP Group's Australian coal assets, including the Mt. Arthur thermal coal mine and its stake in a steelmaking coal project with Japan's Mitsui . Final bids are due for the assets in coming weeks, which BHP could sell separately or together.

BHP's divestment process is expected to be a good barometer of demand for so-called polluting assets such as coal amid rising pressure from financiers and environmental activists to switch to cleaner energy sources.

But with thermal coal prices rising to record highs and steelmaking coal increasing to two-year peaks, the financing pressure on Australian miners for projects has relaxed a little.

The price rally will allow New Hope to pay down its $440 million debt and restore its balance sheet faster than expected to a net cash position, possibly as soon as this year, analysts said. New Hope made a loss of A$111.6 million in 2020.

"We expect NHC would likely be looking at BHP's assets which the latter is looking to exit including the nearby Mt. Arthur thermal coal mine in the Hunter (Valley)," Citi said in a research note last month.

New Hope's organic growth options have been constrained by fierce local opposition on environmental grounds to its New Acland coal mine expansion, which is awaiting a November court hearing.

Its strong operational skills, low ash Bengalla coal that could improve economics for Mt. Arthur through blending, and improved financial standing would make it a good fit for the BHP asset, bankers and analysts told Reuters.

New Hope and BHP declined to comment.

New Hope has, however, said that any new M&A opportunities must be at the lower end of the cost curve, value-creating from day one and have long term approvals in place. Mt. Arthur's operating licence is set to expire in 2026 although BHP has applied to extend it.

Analysts and bankers value Mt. Arthur anywhere from a negative level to as much as $400 million, due to its $1 billion cost to restore the mine's environment. RBC values the assets jointly at $2.5 billion.

Another prospective bidder for the asset is a coalition of activist investor Elliott and coal miner Peabody, a source familiar with the matter told Reuters.

Elliott did not respond to a Reuters request for comment. Peabody declined to comment.

Golden Energy is a likely bidder for the steelmaking coal asset, a source familiar with the matter said, as it opts to diversify away from its thermal coal mines in Indonesia into metallurgical coal. Golden Energy did not respond to a request for comment.

The Australian newspaper previously reported that Indonesia's BUMA was also in the running. BUMA did not respond to a request for comment. ($1 = 1.3177 Australian dollars) (Reporting by Melanie Burton; Editing by Muralikumar Anantharaman)

(Bloomberg) —

AngloGold Ashanti Ltd. appointed former BHP Group executive Alberto Calderon to its top job, ending a nearly year-long head hunt that’s weighed on the shares of the No. 3 gold producer.

Calderon, a 61-year-old Colombian who once served as a junior minister in a government that fought drug lord Pablo Escobar, will join AngloGold on Sept. 1. The Ivy League economist, who was in the running to become chief executive officer at BHP before the position went to Andrew Mackenzie, served as CEO of Melbourne-based explosives maker Orica Ltd. until February.

AngloGold hasn’t had a permanent CEO since Kelvin Dushnisky’s abrupt departure last September after holding the position for just two years. The Johannesburg-based miner’s shares have underperformed peers in the past year as the CEO hunt dragged on and the company had to suspend operations at a mine in Ghana. While Calderon’s experience lies in industrial metals, coal and oil, his background may help AngloGold to advance its key expansion projects in Colombia.

Read more: CEO Vacuum at AngloGold Turns It Into Worst Mining Stock

“It’s not going to be easy, but I hope I can explain what a world class mining company like AngloGold can do,” Calderon said in a video interview, commenting on his task of getting the Colombian authorities to approve the miner’s Quebradona and Gramalote projects. “I think I have a good chance of persuading them.”

AngloGold’s shares climbed as much as 5.8% in Johannesburg, the most in seven weeks. That pared the stock’s losses over the past 12 months to 42%.

While AngloGold emerged from a mining empire created by Ernest Oppenheimer a century ago, it sold its remaining South African operations last year to focus on more profitable mines elsewhere in Africa, Australia and the Americas. The new CEO may face questions about whether the company could finally move its primary listing from Johannesburg — an idea that’s been bandied about for years.

“It’s not the immediate priority for me but it’s something that in due time the board and myself will consider again and give our views to the market,” Calderon said.

A potential London listing is among the options that Calderon will consider as he tries to close the discount at which AngloGold trades to larger rivals Newmont Corp. and Barrick Gold Corp.

“If we can bring credibility back to our projects, be more predictable in our production and cost focus, if we are seen as the excellent operators that we are, I think we can bring a lot of that discount value back into this company and that’s my plan,” he said.

Calderon will take over from interim CEO Christine Ramon, who will return to her previous position as AngloGold’s chief financial officer. During her time at the helm, Ramon sketched out a plan to expand output at key operations in Tanzania, Ghana and Guinea, while potentially investing more than $2 billion in two new mines in Colombia from 2022.

Leadership Experience

Calderon, who gained experience of South Africa during his time as head of BHP’s aluminum business, was CEO of both Cerrejon Coal Co. and Ecopetrol in his home country of Colombia. Prior to that, he held leadership positions at the International Monetary Fund.

“It’s an excellent appointment, and it removes uncertainties about the leadership crisis,” said Rene Hochreiter, an analyst at Noah Capital Ltd. In Colombia, “he can probably get things done better than say an American or South African,” he said.

Calderon’s six years at Orica coincided with a difficult period for the company. The explosives maker had to contend with a steep rise in the price of natural gas, it’s main input cost, and more recently Orica’s profits hit by the Covid-19 economic slowdown and China’s ban on Australian coal imports. Orica shares fell by more than a third during Calderon’s tenure.

AngloGold joined rivals in increasing its dividend after record gold prices boosted earnings last year, but producers have had to work hard to retain investor interest this year as bullion’s rally sputtered.

The new CEO must also get the company’s key Ghana mine back on track after underground operations at Obuasi were suspended in May following the death of a worker. That setback will curb output this year, just as the mine was ramping up following a $545 million redevelopment.

“We have the right person to lead this company forward and realize its outstanding potential, drawing on his huge leadership experience in the resources sector across a variety of geographies,” said AngloGold Chairman Maria Ramos said in the statement.

What Bloomberg Intelligence Says

“AngloGold’s appointment of experienced mining executive Alberto Calderon as CEO is a good starting point for the company to narrow the valuation gap with many of its gold-mining peers. While the market may take a “wait and see” approach given Calderon’s lack of specific gold-mining background, the combination of his recent Australian-based role and his Colombian heritage fits in well with the geographical spread of AngloGold’s assets and the company’s growth ambitions.”

— Grant Sporre, BI commodities and metals analyst

Click here to read the full research note

(Updates with Bloomberg Intelligence analyst comments in final paragraph)

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

Figure 1.

Location of reported channel samples

Figure 2.

Plan map of reported results

TORONTO, July 06, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) announces results from 3 further channel samples taken at the Glade West Showing as part of its ongoing mechanized stripping and channel sampling program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario. Highlights include channel AGT-21-004B returning 8.91 g/t gold over 1.60 m, including 17.50 g/t gold over 0.80 m.

The channel sampling at Glade continues to show high-grade gold in a set of shears with quartz veins and gold mineralization comparable to the discovery holes (see May 13, 2021, and June 8, 2021 news releases). The collar of hole AG-21-096 is located approximately 40 m W-NW from the new channel samples. The gold mineralization observed at Glade is also similar to that intersected at the Scadding Mine, 800 m north of Glade. Further assay results from channel sampling are pending, and a diamond drilling program is planned to follow.

Mia Boiridy, President and CEO, comments, “Our surface exploration program continues to uncover new mineralized structures and extends the known footprint of gold mineralization in the Glade area. As we observed in our discovery holes and at the Scadding Mine, our results suggest that gold mineralization at Glade West occurs in networks of mineralized shear zones and quartz tension veins associated with iron-rich chlorite. The similarities between the mineralization observed at Glade West, Glade East, 225 m away and the Scadding Deposit, 800 m north, could indicate a large system at play in this area. Our systematic sampling of the 9 trenches uncovered is mapping the geometry of the near-surface gold system and guiding our upcoming drilling program.”

Table 1. Reported channel sampling assay results

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

Channel sampling detail
Gold mineralization at Glade West is associated with shear zones of different orientations that host networks of gold mineralized, multidirectional and variably spaced quartz tension veins with variable Fe-chlorite.

Channels AGT-21-004A and AGT-21-004B tested the gold content of an anastomosing network of shear zones, one with an ENE orientation and a prevailing NNE orientated shear. Each shear zone contains networks of deformed quartz veins that are variably mineralized in gold.

Channel AGT-21-003A tested a network of quartz veins deformed and transposed into an ENE-oriented shear zone.

Mineralization and deformation are concentrated in the Nipissing intrusion at its northern contact with the Bruce conglomerate along its southern contact with the Espanola limestone. Visible gold was observed in many quartz veins in both holes AG-21-096 and AG-21-097 and in the channel samples taken at Glade East. Surface work at the Glade East showing confirmed similar mineralization 225 m east of the Glade West discovery.

In some quartz veins, visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West Showing is similar to the association between iron-chlorite and gold at the Scadding Deposit.

Figure 1. Location of reported channel samples

https://www.globenewswire.com/NewsRoom/AttachmentNg/733152ae-2d09-433e-bd55-c65668b8175c

Figure 2. Plan map of reported results

https://www.globenewswire.com/NewsRoom/AttachmentNg/b5dc1a10-53da-4184-bb45-3aea70a7ff42

Table 2. Coordinates of reported channel samples

Alkin-Glade
The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization – the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins were reported historically.

The historical Alkin gold mine is located 2.3 km W-NW of the Glade showings. At the Alkin Mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and may not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that the qualified person has not validated the accuracy of the historical results.

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

On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Channel samples were transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The samples transported to Actlabs were dropped in rice bags with security seals by Manitoulin Transport. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

MacDonald has implemented a quality-control program to comply with best practices in sampling and analyzing channel samples. As part of its QA/QC program, MacDonald inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates. All samples over 10 g/t gold or with visible gold are analyzed using a 1 kg metallic screen.

Upcoming Webinar
MacDonald Mines is providing an opportunity for shareholders and other interested parties to participate in a webinar on Monday, July 12, 2021, at 4:00 pm EDT. To register, click on the following link: https://zoom.us/webinar/register/WN_YyI9vEAfTL2W1JC7rAUOLQ

After registering, you will receive a confirmation email containing information about joining the webinar.

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

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

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,930 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

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

For more information, please contact:

Mia Boiridy, President & CEO, (250) 575-3305, mboiridy@macdonaldmines.com

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – July 6, 2021) – InZinc Mining Ltd. (TSXV: IZN) (the "Company") is pleased to announce the commencement of Phase 1 exploration activities at the Indy project in central British Columbia. The Phase 1 program, consisting of extensive soil geochemistry, mapping, prospecting and access work, will prepare new and existing drill targets for a contingent drill phase in the fall. The Phase 1 sampling program will look to expand the existing aggregate length of 5km of zinc in soil geochemical anomalies, in four large separate anomalies, over the 7km long Main Trend at Indy.

Drill-testing of soil geochemical anomalies is cost-effective and has proven successful at outlining new shallow mineralization at Indy. A maiden drill program at Indy discovered shallow Sedex-style mineralization at the B-9 Zone at Anomaly B in 2018, including 12.33% Zn, 2.98% Pb, and 24.46g/t Ag (14.98% ZnEq) over 6.3m at 60m below surface in hole IB18-009. The B-9 Zone remains open for expansion.

Indy Project Geochemistry

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Objectives of Phase 1 2021 exploration program:

• 1400 to 1500 soil geochemical samples covering an area of approximately 4 square kilometres

• Delta East Area: Extensive sampling where wide-spacing soil sampling 40 years ago detected strong zinc in soil in two areas, each with a potential 1.0 to 1.5km length.

• Anomaly B: Additional soils to extend the current 1km long multi-element soil anomaly associated with mineralization discovered in 2018.

• Anomaly C: Reconnaissance soils to the west to investigate historical zinc in soil highs detected from programs 40 years ago.

• Mapping, prospecting and target ranking of new 2021 areas in addition to the 5km of already established geochemical targets.

Phase 1 expenditures are fully-funded and eligible for 30% rebate under the BC Mineral Exploration Tax rebate (METC).

About InZinc

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

InZinc Mining Ltd.

Wayne Hubert

_____________________________

Chief Executive Officer
Phone: 604.687.7211
Website: www.inzincmining.com

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

Qualified Person

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

Cautionary Note Regarding Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89300

Drill Results Include 40 Metres Grading 1.25 g/t Gold and 4.06 g/t Silver

Toronto, Ontario–(Newsfile Corp. – July 6, 2021) – ATEX Resources Inc. (TSXV: ATX) ("ATEX") is pleased to report results from the recently completed exploration program at the Valeriano Copper Gold Project located 125 kilometres southeast of Vallenar, Chile. The reverse circulation ("RC") drilling program focused on the near surface Gold Oxide deposit which hosts 584,684 ounces of gold and 2,653,895 ounces of silver in 34.4 million tonnes grading 0.528 grams per tonne ("g/t") gold and 2.4 g/t silver in the Inferred Category at a 0.275 g/t gold cut-off grade.

All ATEX drill holes returned significant intervals of +0.2 g/t gold mineralization hosted within the volcaniclastic upper unit including 40 metres grading 1.25 g/t gold and 4.06 g/t silver (drill hole ATXR08) and 50 metres grading 0.68 g/t gold and 2.18 g/t silver (drill hole ATXR03). Table 1 summarizes the drill hole assay results. Figure 1 (attached) presents the location of the ATEX drill holes and chip-channel sampling assay results and Figure 2 (attached) shows a cross section through the Gold Oxide deposit.

In conjunction with the drilling program, a detailed surface mapping program was undertaken resulting in the discovery a new zone of gold mineralization, the GBV zone, comprising mineralized grey banded quartz veins cutting brecciated rhyolite. Sampling along surface trenches cut through the GBV zone returned significant intervals of gold mineralization including 0.80 g/t gold over 60 metres and 0.45 g/t gold over 60 metres. Drill hole ATXR12, lost at a depth of 72 metres, returned 36 metres grading 0.49 g/t gold and 0.41 g/t silver. The GBV zone is open to the northeast where the mineralization extends under talus cover.

"We are pleased with the drill results from our Valeriano exploration program which both confirmed the continuity, and locally extended the limits, of the Gold Oxide deposit", said Raymond Jannas, President and CEO of ATEX. "Further, the discovery of the GBV zone shows that there is potential for further significant gold oxide discoveries on the Valeriano property. The GBV zone will be the focus of additional exploration activities during the upcoming exploration season."

The diamond drill program comprised 1,708 metres in twelve diamond drill holes. Ten drill holes were drilled into the Gold Oxide deposit and two drill holes focused on exploration targets including the newly discovered GBV zone.

• Six infill holes were drilled within the 0.275 g/t gold oxide resource outline (ATXR01, 02, 03, 04, 05, & 06) demonstrating the continuity of the gold mineralization within the resource model.

• Three drill holes targeted expansion of the 0.275 g/t gold oxide resource (ATXR07, 08 and 10) with drill hole ATXR08 extending the 0.275 g/t Au resource outline to the southwest increasing the average grade.

• One twin hole (ATXR09) showed similar grade distribution with historical drill hole RDH-V31.

• Two exploration holes (ATXR11 and 12). Drill hole ATXR12 was drilled into the GBV zone demonstrating continuous gold mineralization below the outcropping mineralized quartz veinlets. Unfortunately, this hole only reached 72 metres (170-metre target depth) when the rig broke down and poor weather halted the program. Drill hole ATXR11 tested the northeast extension of high-grade gold mineralization in hole RDH-V27 without positive result.

Table 1 – Summary of Valeriano Drill Assay Results (at a 0.20 g/t Au cut-off grade)

NOTES: Grades are composited at a 0.20 g/t gold cut-off and may include up to 4 metres of internal waste material. All "Interval" distances represent down-hole lengths and not true widths. True widths are estimated to be approximately 75 to 90% of the down-hole length.
* Silver assay from drill hole ATXR05 are pending.

GBV ZONE TRENCHING RESULTS

Sixty-nine 5-metre chip-channel samples were obtained along two roadcuts where gray-banded veining outcropped. The chip-channel samples results are as follows:

• 60 metres grading 0.45 g/t gold continued by,

• 120 metres grading 0.12 g/t gold; and

• 115 metres grading 0.17 g/t gold followed by,

• 60 metres grading 0.80 g/t gold.

Figure 1 presents the location of the chip-channel samples in the GBV zone.

METALLURICAL SAMPLES

Four samples were collected from surface for column test metallurgical work. Three samples were collected within the limits of the Gold Oxide deposit and one sample was collected from the newly discovered GBV zone.

Quality Control / Quality Assurance Program

Samples of chips from ATEX's RC drilling campaign were collected, under the direct supervision of ATEX staff, every 2 metres with each RC sample split to obtain a 15-kilogram sample for assay purposes. Duplicate samples were split to 7.5 kilograms. Representative chips were collected continuously from drill hole for logging purposes. The RC samples and duplicates were appropriately tagged, secured, and transported to the ATEX exploration camp where QA-QC pulps were included. Samples were then sent to the ALS Chemex laboratory in Copiapo for sample preparation (PREP-31B: crush to 70% <2mm, riffle split 1Kg, pulverize 1 kg to 85% <75 um).

Samples were analyzed for gold using fire assay techniques using two assay/ton samples (approx. 50 grams) with an atomic absorption spectrographic finish for a sensitivity of 5 ppb (Au-AA24). The samples were also assayed for multi-elements (ME-MS61 method combining a four-acid digestion with ICP-MS instrumentation). A four-acid digest was performed on 0.25 grams of sample material to quantitatively dissolve most geological materials. Approximately 10% of the samples submitted to ALS Chemex comprised field rejects for RC chip samples, pulp duplicates, standard and blank samples to ensure laboratory quality control procedures.

Chip-channel samples were collected by ATEX staff using hammers along 5 metre continuous intervals. Samples were bagged, appropriately labeled and transported to ALS Chemex, Copiapo for sample preparation and assayed using similar procedures as noted above.

National Instrument 43-101 Compliance

The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for ATEX's exploration activities in Chile is Sergio Diaz, a resident of La Senera, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51, in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.

About ATEX Resources Inc.

ATEX is a mineral exploration company focused on the acquisition, development and monetization of projects throughout the Americas. ATEX's flagship Valeriano Copper Gold Project is located in Chile's prolific El Indio Mineral Belt.

For further information please contact:

Raymond Jannas
President and CEO

Email: rjannas@atexresources.com

or visit ATEX's website at www.atexresources.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This news release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties; the success of evaluation plans; the success of exploration activities; mine development prospects; and, potential for future metals production. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: changes in economic parameters and assumptions; all aspects related to the timing of exploration activities and receipt of exploration results; the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; the results of regulatory and permitting processes; future metals price; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour disputes and other risks of the mining industry; the results of economic and technical studies; delays in obtaining governmental approvals or financing or in the completion of exploration; as well as those factors disclosed in ATEX's publicly filed documents.

Although ATEX 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.

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of the content of this news release.

Figure 1
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Figure 2
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TORONTO, July 6, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce publication of its 2020 Sustainability Report (the "Report"). Lundin Mining has been reporting on the safety, environmental, social and economic issues that are of greatest interest to communities near its operations, employees, investors and other stakeholders in a comprehensive, standalone document since 2010.

"We have achieved sustainable improvements in our safety, environmental, social and operating performance, and our overarching goal is to ensure sustainability is embedded in our operating disciplines as a key contributor to our success," commented Marie Inkster, President and CEO. "In 2020, we initiated a cross-functional and collaborative process to take us to the next level in our sustainability strategy and performance, including the creation of a multi-disciplinary sustainability working group, an executive steering committee and a formal governance structure. Through this process, we will continue to define, integrate and embed sustainability pillars, key themes, performance indicators and long-term targets."

The 2020 Sustainability Report has been prepared in accordance with the Global Reporting Initiative ("GRI") Standards and broadly mapped against the Sustainability Accounting Standards Board ("SASB") Metals & Mining Standard. The Report is available on Lundin Mining's website (https://www.lundinmining.com/responsible-mining/sustainability-reports/).

2020 Highlights

• Worked proactively, following Pandemic Response Plans and the guidance of local health authorities and the World Health Organization, to monitor the evolving COVID-19 pandemic and put appropriate and protective measures in place. Worked closely with communities to identify needs and provide support.

• Formally adopted the Global Industry Standard on Tailings Management ("GISTM"). Supported by the Company's Responsible Mining Management System, the aim is to implement the Standard over the next three to five years with action plans being prioritized as defined by GISTM classifications.

• Achieved best-ever Total Recordable Injury Frequency ("TRIF") rate of 0.55 per 200,000 person hours worked. While this achievement was overshadowed by the fatality at Neves-Corvo, the overall safety result was realized during a challenging year commanding significant changes in workflow to ensure workforce and local communities were protected from COVID-19.

• No Level 3 or above environmental incidents and a 13% decrease in Level 2 incidents.

• Steadily improved disclosure scoring annually in the CDP climate change report, aligned with the Taskforce on Climate-related Financial Disclosures ("TCFD") recommendations, receiving a B rating in 2020. Operations have continued to focus on addressing Scope 1 and Scope 2 Green House Gas ("GHG") emissions by assessing initiatives to improve energy efficiency and energy conservation and to identify lower-carbon energy sources. Efforts to expand evaluation of Scope 3 emissions have also been successful.

• Approved a formal Human Rights Standard. The standard complements and enhances Lundin Mining's pre-existing commitment to human rights and also serves as a guide in efforts to continuously improve understanding of how to identify, prevent, mitigate and report human rights risks and associated issues.

• Adopted a formal Diversity and Inclusion Policy, further amended in early 2021 to include targets for achieving and maintaining a Board composition in which women comprise at least 30% of all directors, and to sustain at least 30% of executive officer positions held by women. Carried out global diversity and inclusion training and created the Diversity, Inclusion, Anti-Racism and Discrimination Committee, a multi-disciplinary volunteer working group established to further Lundin Mining's diversity and inclusion agenda.

About Lundin Mining

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

The information was submitted for publication, through the agency of the contact persons set out below on July 6, 2021 at 18:00 Eastern Time.

SOURCE Lundin Mining Corporation

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(Bloomberg) —

AngloGold Ashanti Ltd. appointed former BHP Group executive Alberto Calderon to its top job, ending a nearly year-long head hunt that’s weighed on the shares of the No. 3 gold producer.

Calderon, a 61-year-old Colombian who once served as a junior minister in a government that fought drug lord Pablo Escobar, will join AngloGold on Sept. 1. The Ivy League economist, who was in the running to become chief executive officer at BHP before the position went to Andrew Mackenzie, served as CEO of Melbourne-based explosives maker Orica Ltd. until February.

AngloGold hasn’t had a permanent CEO since Kelvin Dushnisky’s abrupt departure last September after holding the position for just two years. The Johannesburg-based miner’s shares have underperformed peers in the past year as the CEO hunt dragged on and the company had to suspend operations at a mine in Ghana. While Calderon’s experience lies in industrial metals, coal and oil, his background may help AngloGold to advance its key expansion projects in Colombia.

Read more: CEO Vacuum at AngloGold Turns It Into Worst Mining Stock

“It’s not going to be easy, but I hope I can explain what a world class mining company like AngloGold can do,” Calderon said in a video interview, commenting on his task of getting the Colombian authorities to approve the miner’s Quebradona and Gramalote projects. “I think I have a good chance of persuading them.”

AngloGold’s shares climbed as much as 5.8% in Johannesburg, the most in seven weeks. That pared the stock’s losses over the past 12 months to 42%.

While AngloGold emerged from a mining empire created by Ernest Oppenheimer a century ago, it sold its remaining South African mine last year to focus on more profitable operations elsewhere in Africa, Australia and the Americas. The new CEO may face questions about whether the company could finally move its primary listing from Johannesburg — an idea that’s been bandied about for years.

“It’s not the immediate priority for me but it’s something that in due time the board and myself will consider again and give our views to the market,” Calderon said.

A potential London listing is among the options that Calderon will consider as he tries to close the discount at which AngloGold trades to larger rivals Newmont Corp. and Barrick Gold Corp.

“If we can bring credibility back to our projects, be more predictable in our production and cost focus, if we are seen as the excellent operators that we are, I think we can bring a lot of that discount value back into this company and that’s my plan,” he said.

Calderon will take over from interim CEO Christine Ramon, who will return to her previous position as AngloGold’s chief financial officer. During her year at the helm, Ramon sketched out a plan to expand output at key operations in Tanzania, Ghana and Guinea, while potentially investing more than $2 billion in two new mines in Colombia from 2022.

Leadership Experience

Calderon, who gained experience of South Africa during his time as head of BHP’s aluminum business, was CEO of both Cerrejon Coal Co. and Ecopetrol in his home country of Colombia. Prior to that, he held leadership positions at the International Monetary Fund.

“It’s an excellent appointment, and it removes uncertainties about the leadership crisis,” said Rene Hochreiter, an analyst at Noah Capital Ltd. In Colombia, “he can probably get things done better than say an American or South African,” he said.

Calderon’s six years at Orica coincided with a difficult period for the company. The explosives maker had to contend with a steep rise in the price of natural gas, it’s main input cost, and more recently Orica’s profits hit by the Covid-19 economic slowdown and China’s ban on Australian coal imports. Orica shares fell by more than a third during Calderon’s tenure.

AngloGold joined rivals in increasing its dividend after record gold prices boosted earnings last year, but producers have had to work hard to retain investor interest this year as bullion’s rally sputtered.

The new CEO must also get the company’s key Ghana mine back on track after underground operations at Obuasi were suspended in May following the death of a worker. That setback will curb output this year, just as the mine was ramping up following a $545 million redevelopment.

“We have the right person to lead this company forward and realize its outstanding potential, drawing on his huge leadership experience in the resources sector across a variety of geographies,” said AngloGold Chairman Maria Ramos said in the statement.

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Vancouver, British Columbia–(Newsfile Corp. – July 6, 2021) – Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") has completed an extensive 125km² airborne versatile time-domain electromagnetic survey ("VTEM") covering approximately 70% the Company's flagship Ranch Gold Project in the Golden Horseshoe of north-central British Columbia, Canada. Anomalous gold in surface geochemistry and drilling at Ranch is often situated within or directly adjacent to resistivity highs coincident with linear northwest and/or northeast trending magnetic lows (Figure 1 & 2). This relationship validates VTEM as a viable exploration tool and has yielded several prospective target areas, such as Golden Furlong, for follow-up fieldwork during the upcoming field season (Figure 1).

Nearly all gold occurrences within the Ranch project area are situated within linear northwest- and/or northeast-trending magnetic lows which correspond to structural corridors that have acted as conduits for gold-bearing hydrothermal fluids (Figure 1). The VTEM survey has identified multiple kilometre-scale magnetic anomalies that exhibit a linear geometry parallel to the major structural control orientations for mineralization and are largely untested by surface geochemistry, mapping, or drilling. These prospective structural corridors will be the focus of extensive and systematic surface sampling and bedrock mapping campaigns to produce robust drill targets.

Figure 1: Ranch property gold occurrences over VTEM magnetic calculated vertical gradient (CVG) and interpreted structure. Inset: VTEM calculated B-field time constant (TAU-BF) at Golden Furlong East with interpreted structure.

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Figure 2: a) VTEM magnetic calculated vertical gradient (CVG) at Thesis II, Thesis III and Bingo, b) VTEM calculated B-field time constant (TAU-BF) at Thesis II, Thesis III, and Bingo

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Ewan Webster, President and CEO, commented, "VTEM is a proven exploration tool and has delineated several promising targets that merit additional work within the Ranch property. Combined with surface geochemistry, bedrock and alteration mapping, and ground-based geophysics, targets developed using the VTEM dataset are robust and increase our confidence in advancing these targets to the drilling stage and generating positive results."

Golden Furlong is a newly delineated target that will be advanced during the 2021 field season and has a prospective geophysical signature in the VTEM dataset, with coincident high resistivity and low magnetics in a northeast-oriented linear geometry. Elsewhere within the Ranch project area this geophysical response strongly correlates with mineralization. Sparse historical rock grab sampling has yielded up to 8.43 g/t gold at Golden Furlong, and the target has not been systematically soil sampled or mapped.

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

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

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

About Thesis Gold Inc.

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

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

Cautionary Statement Regarding Forward-Looking Information

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

For further information:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89412

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MIAMI, July 06, 2021 (GLOBE NEWSWIRE) — EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 11^th Emerging Growth Conference.

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Register for the conference here.

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These exciting virtual conferences are like attending an “in person” event, you can sign in and out as often as you like.

About EmergingGrowth.com

Founded in 2009, Emerging Growth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.

The next step in its evolution is the Emerging Growth Conference.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.

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All sessions will be conducted through video webcasts and will take place in the Eastern time zone. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

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VANCOUVER, British Columbia, July 06, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided an update on the effect of rail disruptions resulting from wildfires in British Columbia (B.C.).

Rail service between Teck’s steelmaking coal operations and west coast terminals has been disrupted due to damage to the rail line near Lytton, B.C. that occurred on June 30. Teck has implemented measures to mitigate the effect of the disruption, rerouting shipments to Ridley Terminals in Prince Rupert. Limited rail traffic flow to the Lower Mainland terminals was reinstituted the afternoon of July 5.

Teck is assessing the overall impact to customer shipments and/or production, which will be dependent on the length of the rail disruption. CP and CN are working to assess damage and begin repairs.

At this time, based on guidance provided by the railways with respect to the timeline for repairs, Teck’s third quarter steelmaking coal sales are expected to be reduced by 300-500 thousand tonnes. Teck’s second quarter sales are unaffected as the disruption began on the last day of the quarter. Teck is also taking steps to mitigate the effect of rail disruption to transportation of product from Highland Valley Copper operations (HVC), which is not expected to have a material effect on third quarter sales at this time.

All of Teck’s B.C. operations are currently continuing to operate, with steelmaking coal operations continuing to produce and taking advantage of low levels of clean coal inventory at the mines. The ongoing wildfire risk is being closely monitored at all operations and comprehensive emergency management plans are in place, with employee health and safety being the top priority.

We extend our deepest condolences to all those impacted by wildfires. Teck is reaching out to local emergency service and relief providers in the Thompson-Nicola region to offer support to aid residents during this difficult time.

Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “should”, “believe” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release.

These forward-looking statements include, but are not limited to, statements regarding Teck’s third quarter coal production sales and third quarter sales from HVC, and the impact of rail disruptions on those sales. These statements are based on assumptions regarding the remediation of damage to rail infrastructure over which Teck has no control, as well as how rail service providers prioritize Teck’s shipments in relation to other traffic, and an assumption that no other major interruptions to rail service occur. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially.

Factors that may cause actual results to vary materially include, but are not limited to, unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, fires or other natural disasters, unavailability of materials and equipment, government action or delays in the receipt of government approvals, civil unrest, industrial disturbances or other job action, adverse weather conditions and unanticipated events related to health, safety and environmental matters), and impact of COVID-19 mitigation protocols.

We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2019, filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile.

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

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

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

VANCOUVER, British Columbia, July 06, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces mobilization and start of the 2021 drill program at the Nora silver-gold project in north-central Durango State, Mexico. The drill rig and logistics equipment are on site and drilling is underway. The initial focus of the 2021 drill program will be to test below, between and on strike extensions from high-grade gold and silver values returned from the 2020 drill program, particularly drill holes NRC-20-04 and NRC-20-06. The results from the six drill holes along 500 metres of the 3-kilometre traced strike of the Candy vein represent an initial discovery at the Nora project and warrant a larger Phase 2 follow up drill program.

Drilling has started and will be initially testing 60 metres down dip from the 2020 intercepts in drill holes NRC-20-06 and NRC-20-04, which returned very high gold and silver values from the Candy vein, detailed below (reported on October 21 and December 09, 2020:

Multiple drill targets have been defined to follow up on the 2020 drill intercepts on the Candy vein. The Company will also evaluate additional drill targets within the extensive silver-gold geochemical anomalies observed over the project area, particularly extending to the southwest and south of the 2020 drill area. The high grade intercepts from the Candy vein and multiple widespread geochemical soil anomalies including silver, gold, copper, zinc, lead and pathfinder minerals highlight the potential of the Nora project for hosting high-grade gold, silver and base metal vein style mineralization, as well as wider mineralized zones with potential for disseminated mineralization. The geological setting and stratigraphy of the Nora project are very similar to major mines and deposits in the region.

About Nora Silver-Gold-Copper-Zinc-Lead Project, Durango State, Mexico:
The Nora project is located approximately 200 km north-west of the City of Durango, with good access and infrastructure. The geological setting is a Tertiary-aged volcanic flow-dome complex. Gold-silver mineralization is hosted within two structurally-controlled epithermal veins, Candy and Nora. Mineralization is typical of that found at many mines in the region, with gold and silver associated with galena, sulfosalt minerals and lesser pyrite, sphalerite and chalcopyrite. There is evidence of some historical mining activity on the Candy vein, which is exposed in discontinuous outcrops for over 900 metres. The fault structure hosting the Candy vein has been traced for a distance of over 3 km. Samples of vein outcrop and mineral dumps from the Candy vein returned significant gold, silver, copper, zinc and lead values. The second vein, Nora, is found 600 metres northeast of the Candy vein and can be traced for 230 metres with widths of over 9.0 metres. Surface samples from this vein returned anomalous silver values associated with trace sulphides, with a geochemical signature typical of the higher levels of epithermal vein systems in the region. The 2020 drill program was the first drilling at the Nora project and returned encouraging intercepts with high gold, silver and copper values from the Candy vein.

Systematic grid soil sampling over an area of 3 km by 2 km covering the Candy and Nora veins and projected extensions, showed elevated silver, base metal (copper, lead and zinc) and pathfinder (antimony and arsenic) values. The combination of the vein outcrops with large areas of anomalous silver and base metal values in soil samples may indicate additional concealed mineral systems. Other major deposits in the region include SSR Mining’s La Pitarrilla deposit located 50 km east of the Nora project.

The technical information herein has been reviewed and approved by Robert Brown (P. Eng.), a Qualified Person as defined by National Instrument 43-101. Mr. Brown is a technical advisor to Canasil.

About Canasil:
Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com

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 news release.

This news release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. 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 developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

(Reuters) – Canadian miner Teck Resources Ltd on Tuesday estimated third-quarter steel-making coal sales would be reduced by 300,000-500,000 tonnes due to a rail service disruption from the wildfires in British Columbia.

The company's shares closed down 4.9% in Toronto, while its U.S-listed stock ended 5.7% lower.

Rail service between Teck's steel-making coal operations and west coast terminals has been disrupted due to damage to the rail line near Lytton, the company said.

A forest fire that began after three days of record-breaking temperatures has destroyed most of the small western Canadian town of Lytton. [https://reut.rs/3At77Yl]

The company, which sold 6.2 million tonnes of steel-making coal in the first three months of the year, said second-quarter sales were unaffected as the disruption began on the last day of the period.

(Reporting by Rithika Krishna in Bengaluru; Editing by Sriraj Kalluvila)