Vancouver, British Columbia–(Newsfile Corp. – June 10, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has received an exploration permit for its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project"). Gibbons Creek consists of seven mineral claims encompassing 13,864 hectares (34,259 acres), located along the northern margin of the Athabasca Basin immediately west of the community of Stony Rapids, Saskatchewan, in a region hosting multiple uranium occurrences.

2021 Exploration Plan

The Gibbons Creek exploration permit, good to October 2022, allows for a 5,000-metre drilling program in up to 20 holes along with ground-based geophysics, prospecting and geochemical sampling. Access to the Project is year-round, thereby creating a flexibility for either summer or winter exploration programs.

ALX reviewed its extensive archive of geophysical and geochemical data from historical work to identify new target areas at Gibbons Creek. Several geophysical conductors at the Project identified by airborne and ground geophysics have not yet been drill tested. ALX plans to carry out a Spatiotemporal Geochemical Hydrocarbons ("SGH") soil geochemistry survey over the untested conductors to determine the most prospective areas for drilling. SGH is an analytical method developed by Actlabs of Ancaster, Ontario that is designed to detect subtle geochemical anomalies emanating from a buried source. Work is anticipated to begin in the Third Quarter of 2021 following engagement with First Nations and other local communities.

Actlabs Case Study

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To view maps and photos of Gibbons Creek click here

Uranium Showings in the Northern Athabasca Basin

• Nisto Mine: Located approximately 30 kilometres east from the centre of Gibbons Creek. Mining first occurred at the Nisto Mine in 1950-51. In 1959, Haymac Mines restarted mining and shipped 500 tons of high-graded ore to the Lorado Mill at Uranium City, SK. One shipment of 106 tons of ore graded 1.6% U₃O₈ (Source: Saskatchewan Mineral Deposits Index, Mineral Property #1621).

• Black Lake Uranium Project ("Black Lake"): Located adjacent to Gibbons Creek. Owned 40% by ALX, with UEX Corporation ("UEX") holding a 51.426% interest and Orano Canada Inc. holding an 8.574% interest. Following the discovery of uranium mineralization in 1998 by Uranerz Exploration and Mining, UEX intersected 0.69% U₃O₈ over 4.4 metres in 2004 drill hole BL-18, which led to over a decade of follow-up exploration, including 142 additional drill holes. Multiple mineralized intersections were encountered at Black Lake along a graphitic fault system since the uranium discovery in hole BL-18 (see ALX news release dated July 31, 2017).

• Fond du Lac Uranium Deposit: Located approximately 70 kilometres west of the Project near the south shore of Lake Athabasca. The Fond du Lac uranium deposit was discovered in 1970 by Camok Ltd., a predecessor company of Orano Canada Ltd. after tracing radioactive boulders to their source area and grid drilling. A shallow, historical resource was calculated in 1970 by Camok Ltd. of 990,000 pounds (450,000 kilograms) at an average grade of 0.25% of U₃O₈ but was never advanced further (Source: Saskatchewan Mineral Deposits Index, Mineral Property #1572. This historical resource is not compliant with the standards of National Instrument 43-101, has not been verified by ALX's Qualified Person and is included for information purposes only.)

About Gibbons Creek

The Project is complemented by the infrastructure provided at Stony Rapids, SK, including all-weather Highway 905, a commercial airport, equipment rentals and supplies, as well as readily available accommodation, therefore providing high efficiencies for exploration. Exploration by ALX and its predecessor company Lakeland Resources Ltd. has discovered the following indicators of uranium mineralization:

• Prospecting in 2013 confirmed the presence of high-grade uranium-bearing boulders ranging up to 4.28% U₃O₈;

• Radon surveys in 2015 detected an anomaly approximately 1,200 metres by 500 metres in size with peak radon values ranging between 4.00 picocuries per square metre per second ("pCi/m²/sec") and 10.77 pCi/m²/sec at ten locations, which are among the highest recorded radon values in the Athabasca Basin;

• Historical drill hole GC15-03 intersected 0.13% U₃O₈ over 0.23 metres, within a 1.1 metre interval of 333.8 parts per million uranium, immediately below the sub-Athabasca unconformity;

• Spectroscopic analysis of core samples from ALX's 2015 drilling detected clay alteration products such as illite and sudoite (a unique form of chlorite associated with uranium mineralization) in the sandstone at or near the unconformity, which suggests that hydrothermal alteration has occurred in the vicinity of the drill hole;

• Geophysical conductors defined by a 2017 airborne ZTEM survey remain to be tested; and

• In 2020, ALX carried out surface prospecting on the Star Gold and PGE showing in the northern part of the Project and collected grab samples from outcrop ranging up to 3.58 grams/tonne gold, 122 parts per billion ("ppb") platinum and 412 ppb palladium.

NationaI Instrument 43-101 Disclosure

The technical information in this news release has been reviewed and approved by Sierd Eriks, P.Geo., President and Chief Geologist of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Geochemical results for surface samples collected by ALX in 2020 were analyzed at the Saskatchewan Research Council in Saskatoon, SK by Inductively Coupled Plasma Mass Spectrometry (ICP-MS). Gold, platinum and palladium were analyzed by fire assay techniques.

Historical geochemical results and geological descriptions quoted in this news release were taken directly from assessment work filings and summary reports published by the Government of Saskatchewan. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by its Qualified Person, but create a scientific basis for ongoing work in the Gibbons Creek area. Management further cautions that past results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF". ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include gold, nickel, copper, and uranium projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan and Ontario, stable Canadian jurisdictions that collectively host the highest-grade uranium mines in the world, and offer a significant legacy of production from gold and base metals mines.

ALX owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada, who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Vixen Gold Project, the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, and in the Draco VMS Project in Norway. ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the prolific Patterson Lake Corridor, with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project, a joint venture with UEX Corporation and Orano Canada Inc., and a 100% interest in the Gibbons Creek Uranium Project.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com

On Behalf of the Board of Directors of ALX Resources Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: the Gibbons Creek Project ("Gibbons Creek") is prospective for uranium, gold, and PGE mineralization; the Company's plans to undertake exploration activities at Gibbons Creek, and expend funds on Gibbons Creek. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at Gibbons Creek, including drilling; our initial findings at Gibbons Creek may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at Gibbons Creek; and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop Gibbons Creek, and even if uranium or other metals or minerals are discovered in quantity, the project may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Three Months Ended March 31, 2021, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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/87136

VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — International Consolidated Uranium Inc. (“CUR” or the “Company”) (TSXV: CUR) is pleased to announce that it has engaged Mars Investors Relations Inc. (“Mars”), a full services investor relations and consulting services company focused on the junior metals and mining sector. Mars will provide a full suite of investor relations services to the Company including strategic messaging, investor targeting and outreach as well as corporate communications services including digital marketing, social media and branding.

Philip Williams, President and CEO commented “As we grow CUR, the investor relations and corporate communications function has become a key area we intend to focus on as it relates to communicating with existing shareholders and engaging with potential new investors. We are excited to work with the dynamic team at Mars who has deep expertise in the metals and mining sector and specific uranium experience.”

Under the terms of the engagement agreement (the “Agreement”), the Company has agreed to pay Mars a fee of $5,000 per month for the first two months, followed by a fee of $15,000 per month on a month-to-month basis and has granted Mars 150,000 stock options (the “Mars Options”) pursuant to the Company’s long-term omnibus incentive plan. Each option entitles Mars to acquire one CUR common share at an exercise price of $2.23 per share for a period of five years. To the knowledge of the Company, Mars and/or its affiliates currently hold 55,556 common shares of the Company, however Mars may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Mars is at arm’s length to CUR and has no other relationship with CUR, except pursuant to the Agreement. The Agreement and the grant of the Mars Options thereunder are subject to the approval of the TSX Venture Exchange.

The Company has also granted stock options to certain officers, directors and consultants of the Company to purchase a total of 825,000 common shares pursuant to the Company's long-term omnibus incentive plan. The options are exercisable at a price of $2.23 per common share for a period of five years and are subject to the approval of the TSX Venture Exchange.

About International Consolidated Uranium

International Consolidated Uranium Inc. (TSXV: CUR) is well financed to execute its strategy of consolidating and advancing uranium projects around the globe. The Company has acquired a 100% interest or has entered into option agreements to acquire a 100% interest in seven uranium projects, in Australia, Canada, and Argentina, each with significant past expenditures and attractive characteristics for development. CUR has entered into option agreements with Mega Uranium Ltd. (TSX: MGA) to acquire a 100% interest in the Ben Lomond and Georgetown uranium projects in Australia; with IsoEnergy Ltd. (TSXV: ISO) to acquire a 100% interest in the Mountain Lake uranium project in Nunavut, Canada; with a private individual to acquire a 100% interest in the Moran Lake uranium and vanadium project in Labrador, Canada; and with U3O8 Corp. (TSXV: UWE.H) to acquire a 100% interest in the Laguna Salada uranium and vanadium project in Argentina. CUR has also acquired a 100% interest in the Dieter Lake uranium project and entered into an agreement to acquire a 100% interest in the Matoush uranium project, both in Quebec, Canada. The option agreement with IsoEnergy for Mountain Lake and the option agreement with U3O8 Corp. for Laguna Salada both remain subject to regulatory approval.

Philip Williams
President and CEO
International Consolidated Uranium Inc.
+1 778 383 3057
pwilliams@consolidateduranium.com

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

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof 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” or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by 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 forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

Dieppe, New Brunswick–(Newsfile Corp. – June 10, 2021) – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that its earn-in partner Silver Spruce Resources (TSXV: SSE) has reported that commencement of a Phase 2 ground exploration program on the 1,130-hectare Jackie Gold & Silver Property will begin tomorrow (June 11^th, 2021).

The Phase 2 exploration program will concentrate around an exploration target with promising gold and silver assay results recently reported from the Phase 1 prospecting and rock sampling program. The geological work will be carried out on a 100-hectare section of the property with grid-controlled detailed mapping and rock sampling focused on a 25-hectare central block covering the core of the gold and silver discovery area with additional mapping and sampling of the surrounding area. (See illustration 1 below)

Illustration 1: Phase 2 grid sampling area on Phase 1 geochemistry

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The newly discovered area includes an exposure of intense oxidation and argillic alteration (see Illustration 2). Grab samples from this area returned a high value of 9.65 g/t Au and 515 g/t Ag and several samples with > 0.1 g/t Au and anomalous to highly anomalous base metal and path finder element values.

Illustration 2: Field and sample pictures of new discovery area

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Silver Spruce is currently in year 1 of a 2 year agreement to earn 50% of the Jackie Gold & Silver Project from Colibri. For full details of the agreement please see Colibri news release dated October 15^th, 2020.

A six-person team (two senior geologists, two junior geologist and two field assistants) and all necessary logistical support will undertake the Phase 2 exploration program, including rock sampling and geological mapping of known areas exhibiting significant alteration or mineralization, collection of structural data and alteration zoning to assist with vectoring toward potential Phase 3 drilling targets. The team also will investigate several known hyperspectral alteration targets identified from satellite imagery. All aspects of the exploration program will be conducted with strict adherence to COVID-19 protocols for personal safety.

For additional information regarding this exploration program please see Silver Spruce's reciprocal news release dated June 10^th, 2021.

Project Background

The Jackie is a promising early stage precious metal project located 175 km east of Hermosillo, Sonora, Mexico. The large grassroots property is located in a very productive region only one to two kilometres south from Colibri's El Mezquite and Diamante properties and is approximately 6 kilometres to the west of Minera Alamos' (TSXV: MAI) Santana project, where the Nicho deposit currently under development and expected to reach commercial production in the near term.

The Jackie Project is located within the western portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the precious metals-rich Mojave-Sonora Megashear.

The Property is situated. Other nearby large operating mines include Alamos Gold's Los Mulatos gold mine and Agnico Eagle's La India gold mine located 50-60 km to the northeast, Agnico Eagle's Pinos Altos Mine, 95 km southeast and Argonaut's La Colorada Mine, 100 km to the west.

The 1,130-hectare Property is easily accessible from Hermosillo to the Tepoca area and heading south from Mexican Highway #16 or west from Highway #117, or from Ciudad Obregón travelling northeast on Highway #117 and west to the pueblo of La Quema with vehicles and then pack teams along dry river beds, dirt roads and trails. The southerly road from Highway #16 traverses through the centre of the known gold mineralization at El Mezquite only 2 km north of Jackie. High voltage power lines are positioned on Highway #16.

ABOUT COLIBRI RESOURCE CORPORATION:

Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration projects of which five currently have exploration programs being executed or planned for 2021. The flagship Evelyn Gold Project is 100% owned and explored by Colibri. The Company has four additional projects, Pilar Gold & Silver Project (optioned to Tocvan Ventures– CSE: TOC), El Mezquite Gold & Silver Project , Jackie Gold & Silver Project, and the Diamante Gold & Silver Project (50% earn-in agreements with Silver Spruce Resources – TSXV: SSE) are also currently being actively advanced.

For more information about all Company projects please visit: www.colibriresource.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 release.

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.

For further information:

Ronald J. Goguen, President, Chairperson and Director,
Tel: (506) 383-4274,
rongoguen@colibriresource.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87206

TORONTO, June 10, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") announces that it has engaged a consultant to provide marketing and advertising and investor awareness services to the Corporation for the purposes of raising awareness about the Corporation and the development of its flagship Ishkoday Project. This news release is made in accordance with the requirements of Policy 3.4 of the TSX Venture Exchange (the "TSXV").

The Corporation retained the services of Dig Media Inc. dba Investing News Network ("INN"), for an investor marketing and advertising campaign. INN has been retained for a 12-month term that expires on March 23, 2022, and at a total cost of CAD$36,000, plus tax. The agreement remains subject to the approval of the TSXV.

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. Other than the fee disclosed above and an unrelated, prior existing minority holding of 72,000 warrants of LAURION, INN does not have any financial interest, directly or indirectly, in LAURION or its securities, or any right or intent to acquire such an interest.

LAURION's online awareness campaign is intended to help investors and prospective investors discover and learn more information about LAURION and its Ishkoday Project. The awareness campaign will only provide investors and prospective investors with previously disclosed factual information concerning LAURION, which shall be presented in a summarized and fair and balanced manner. The awareness campaign is not intended to prepare the market for any distribution of securities or create any unusual demand for any of LAURION's securities. All investors and prospective investors are encouraged to obtain professional investment advice from a registered professional investment advisor and to fully review all of LAURION's publicly available disclosure filings, which are available on SEDAR (www.sedar.com).

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 228,052,731 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein including as a result of the TSXV not providing its approval for the aforementioned agreement with INN. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2021/10/c2542.html

(Bloomberg) — The world’s biggest lithium producer is proceeding with a project to extract more of the battery metal from the brine it pumps up from a Chilean salt flat in a sign of its confidence in the country and global demand.

Albemarle Corp. is introducing a way of extracting more of the lithium that’s normally captured in salts, thereby lifting yields to 80-85% from 50-55%, Chief Executive Officer Kent Masters said in an interview.

The U.S. firm and its biggest rival SQM are expanding in Chile’s giant Salar de Atacama to help meet an expected tripling of demand in an electric-vehicle revolution. At the same time, they’re attempting to limit how much brine they pump and fresh water they use amid growing environmental scrutiny by customers, communities and regulators in a global clean-energy push. The salt flat is in one of the driest places on Earth, where copper mines, communities and tourism also compete for water.

With a budget of less than $200 million, the yield improvement project will take about 18 months to implement and another six months to start hitting sales.

“We’re always looking for ways to maximize our efficiencies at the Salar and at the conversion plants,” Masters said. “This one is actionable, it’s in process, we’re building it today.”

The Charlotte, North Carolina-based company is proceeding with investments in Chile at a time when opposition politicians in the country call for a greater contribution from mining to fund social spending as well as an overhaul of water management and indigenous rights. Ahead of presidential elections in November, Chileans just chose an assembly to write a new constitution that’s comprised mainly of independents and left-wingers.

“The Salar yield is a decision we made now that tells you the confidence we have in Chile as a country,” Masters said. “We’ll know the direction and where things are going before we have to make another big investment decision in Chile.”

Albemarle doesn’t see a big risk for the lithium industry from proposed tax changes in Chile, and is always looking for ways to improve its sustainability “with or without pressure from the government,” he said.

Its Chilean investments are also supported by Albemarle’s upbeat outlook for lithium demand in both the short and long terms, with a recent industry oversupply episode unlikely to be repeated. The company’s looking for additional resources to satisfy demand beyond this decade.

“We feel good, we’re investing to keep up with that growth,” said Masters.

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

FMC Corporation FMC has received the U.S. Environmental Protection Agency (EPA) registration for fluindapyr, a new succinate dehydrogenase inhibitor (SDHI) fungicide. It provides an extensive range of activity against a wide range of destructive diseases in row and specialty crops besides turf.

This registration marks the first major regulatory approval for fluindapyr. The company has also submitted for registration of this fungicide in multiple regions, including China, the European Union, Brazil and Argentina.

The grant of these registrations will give global access to this fungicide to farmers, to inhibit various fungal diseases in row crops, including rust diseases, and powdery mildew in specialty crops. There is also evidence suggesting that fluindapyr controls pathogens that are resistant to other chemicals.

Additionally, the U.S. golf course superintendents can address destructive turf diseases such as Bipolaris Leaf Spot, Take-All Root Rot, Large Patch, Anthracnose, Fairy Ring and Dollar Spot with FMC's new Kalida fungicide that is effective in the management of turfgrass diseases to achieve outstanding results. Notably, Kalida is a combination of fluindapyr and flutriafol.

FMC stated that fluindapyr is the outcome of 10 years of research and development. The company is optimistic that its offering of high-performance fluindapyr premixture products will provide growers and golf course superintendents with an effective fungicide with superior performance that is also compatible with the best disease management techniques.

FMC fluindapyr brands will enable growers across the world to provide tailored programs, treat a variety of crops and multiple diseases that often attack the crops at the same time, and export their crops freely.

Shares of FMC have grown 15% in a year compared with the industry’s growth of 50.5%. The estimated earnings growth rate for the current year is pegged at 15.7%.

Image Source: Zacks Investment Research

In the first quarter, the company recorded adjusted earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.52. Revenues were $1,195.6 million for the quarter, decreasing 4% from the year-ago quarter and surpassing the Zacks Consensus Estimate of $1,170.3 million.

For 2021, the company anticipates revenues between $4.9 billion and $5.1 billion. The growth is expected to be driven mainly by volumes and price increases. Moreover, it envisions adjusted EBITDA of $1.32-$1.42 billion for 2021, indicating a 10% rise at the midpoint from the 2020 reported figure.

For second-quarter 2021, revenues are projected in the band of $1.19-$1.26 billion, reflecting an increase of 6% at the midpoint from the prior-year quarter’s reported figure. Adjusted earnings are forecasted in the range of $1.68-$1.88 per share, representing an increase of 3% at the midpoint compared with the prior-year quarter.

FMC Corporation Price and Consensus

FMC Corporation price-consensus-chart | FMC Corporation Quote

Zacks Rank & Key Picks

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

Better-ranked stocks in the basic materials space are Cabot Corporation CBT, Dow Inc. DOW and Olin Corporation OLN, each carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Cabot has a projected earnings growth rate of 125.9% for the current year. The company’s shares have soared around 58.8% in a year.

Dow has a projected earnings growth rate of 261.5% for the current year. The company’s shares have jumped roughly 58% in a year.

Olin has a projected earnings growth rate of 473.3% for the current year. The company’s shares have surged 260.3% in a year.

Bitcoin, Like the Internet Itself, Could Change Everything

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Sociedad Química y Minera de Chile S.A. (NYSE:SQM) shareholders might be concerned after seeing the share price drop 17% in the last quarter. On the bright side the share price is up over the last half decade. Unfortunately its return of 100% is below the market return of 127%.

Check out our latest analysis for Sociedad Química y Minera de Chile

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Sociedad Química y Minera de Chile's earnings per share are down 2.0% per year, despite strong share price performance over five years.

By glancing at these numbers, we'd posit that the decline in earnings per share is not representative of how the business has changed over the years. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

We doubt the modest 0.5% dividend yield is attracting many buyers to the stock. The revenue reduction of 0.2% per year is not a positive. It certainly surprises us that the share price is up, but perhaps a closer examination of the data will yield answers.

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

Sociedad Química y Minera de Chile is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. You can see what analysts are predicting for Sociedad Química y Minera de Chile in this interactive graph of future profit estimates.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Sociedad Química y Minera de Chile, it has a TSR of 128% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

A Different Perspective

It's good to see that Sociedad Química y Minera de Chile has rewarded shareholders with a total shareholder return of 87% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 18% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Sociedad Química y Minera de Chile that you should be aware of.

We will like Sociedad Química y Minera de Chile better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

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

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

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

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

VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce today that its previously-announced overnight marketed offering (the “Offering”) of up to $16,000,000 is fully subscribed for total gross proceeds of $18,400,000, including the 15% agents’ option (the “Agents’ Option”) in respect of the Offering.

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

The Offering is being conducted through a syndicate of agents led by Clarus Securities Inc., and including Cormark Securities Inc., and P.I. Financial Corp (the "Agents"). There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

The Company expects to: (i) pay the Agents a cash commission (the "Agents' Fee") representing 6% of the gross proceeds raised under the Offering, including any gross proceeds raised upon the exercise of the Over-Allotment Option; and (ii) issue to the Agents non-transferable broker warrants (each, a "Broker Warrant") entitling the Agents to acquire that number of Non-Flow-Through Shares equal to 6% of the total number of Offered Shares sold pursuant to the Offering (including the Agent’s Option). Each Broker Warrant will entitle the holder to acquire one Non-Flow-Through Shares at any time for a period of 18 months from the closing date of the Offering at an exercise price equal to the Non-Flow-Through Shares offering price.

The Offering is expected to close on or about June 29, 2021, or such other date as the Company and the Agents may agree. Closing of the Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, such as the approval of applicable securities regulatory authorities and the TSX Venture Exchange.

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

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

Copies of the Prospectus may be obtained under the Company's profile on SEDAR at www.sedar.com and from Clarus Securities Inc., 130 King Street West, Suite 3640, Toronto, ON M5X 1A9. The Prospectus contains important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com before making an investment decision.

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

About Thesis Gold

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

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

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

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

For further information or investor relations inquiries, please contact:

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

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

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds 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.

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

DENVER, CO / ACCESSWIRE / June 10, 2021 / Solitario Zinc Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) announces results of its Annual General Meeting of Shareholders at which holders of 28,025,417 shares of common stock or 47.96% of the total outstanding shares eligible to vote as of the record date were present in person or by proxy. The three matters identified below were submitted to a vote of the shareholders. Each proposal is more fully described in Solitario's definitive proxy statement filed with the Securities and Exchange Commission dated April 28, 2021.

1. Election of Directors. Six directors were elected to serve until the next Annual Meeting of Shareholders or until their successors are elected and qualified, with each director receiving the votes (and percentage of shares voting, excluding broker non-votes) below:

2. Advisory Vote on Executive Compensation. The shareholders approved the compensation of Solitario's named executive officers with 16,406,401 shares voting for (98.45% of shares voting ), 258,651 shares voting against, and 11,360,364 broker non-votes.

"RESOLVEDTHAT : Solitario shareholders approve the compensation of Solitario's named executive officers, as disclosed in the Company's proxy statement, dated April 28, 2021, pursuant to the compensation disclosure rules of the Securities and Exchange Commission set forth in Item 402 of Regulation S-K, including, but not limited to, the Compensation Discussion and Analysis, the compensation tables, and any related material disclosed in the proxy statement for the 2021 annual meeting."

3. Appointment of Auditors. The appointment of Plante Moran PLLC as Solitario's auditors for fiscal year 2021 was ratified with 27,893,479 shares voting for (99.53% of shares voting) , 48,756 shares voting against, 83,181 shares voting to abstain, and one broker non-votes.

About Solitario
Solitario is an emerging zinc exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario holds 50% joint venture interest in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario recently acquired the early-stage Gold Coin property in Arizona that has potential to host gold mineralization. Solitario's Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$7.6 million. Additional information about Solitario is available online at www.solitariozinc.com.

FOR MORE INFORMATION CONTACT:

Valerie Kimball
Director – Investor Relations
720-933-1150
(800) 229-6827

Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/651344/Voting-Results-of-Solitario-Annual-Meeting-Held-June-10-2021

VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the election of Kelvin Dushnisky and Jinhee Magie to the Company’s board of directors (“Board”) following today’s Annual General Meeting of Shareholders (“AGM”).

"We are pleased to welcome Kelvin and Jinhee to our Board," said George Ireland, Chairman of the Board, Lithium Americas. "Their knowledge and experience will be an excellent complement to the Board as we begin the transition from developer to operator."

Kelvin Dushnisky brings more than 25 years of global mining experience, with a focus on execution on strategic priorities. Mr. Dushnisky was the CEO and a member of the Board of Directors of AngloGold Ashanti Ltd. Prior to AngloGold, he was at Barrick Gold Corp. for 16 years, including serving as President and a member of the Board of Directors. Mr. Dushnisky holds a B.Sc. (Hon.) degree from the University of Manitoba and M.Sc. and Juris Doctor degrees from the University of British Columbia. He is a member of the Law Society of British Columbia and the Canadian Bar Association.

Jinhee Magie brings over 25 years of public company experience in senior finance roles, focused on acquisitions and divestitures, public and private equity fundraising and public company reporting. Ms. Magie is currently the Chief Financial Officer and Senior Vice President of Lundin Mining Corporation. Before joining Lundin in 2008, her career started at Ernst & Young, and she was the Director of Corporate Compliance for LionOre Mining International Ltd. Ms. Magie holds a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant (CPA, CA).

Election of Board of Directors

Each of the following nine directors proposed by management was elected as a director of Lithium Americas at the AGM. The detailed results are set out below:

Final voting results on all matters voted on at the AGM are published on our website at www.lithiumamericas.com/investors/#reports-and-filings and with Canadian and US securities regulators.

ABOUT LITHIUM AMERICAS
Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”.

For further information contact:
Investor Relations
Telephone: +1-778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com

Forward-Looking Statements and Information
This news release contains “forward-looking information” and “forward-looking statements” (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. All statements, other than statements of historical fact, are forwarding-looking information. Examples of forward-looking information in this news release include: the Company’s expected transition from developer to operator, assuming the successful development of the Caucharí-Olaroz and Thacker Pass projects; the completion of construction and commencement of production at such projects; and the Company’s ability to successfully fund development of the Thacker Pass project.

Forward-looking information may involve known and unknown risks, assumptions and uncertainties which may cause the Company’s actual results or performance to differ materially. This information reflects the Company’s current views with respect to future events and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. These assumptions include, among others, the Company’s ability to fund, advance and develop the projects in which it holds an interest to commercial production, including obtaining additional financing as needed; maintenance of a positive business relationship with project partners (including projects under co-ownership arrangements); uncertainties related to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada and Argentina; exploration, development and construction costs for the Caucharí-Olaroz and Thacker Pass projects; the accuracy of estimates of mineral resources and mineral reserves, and of development budgets and construction estimates; reliability of technical data; anticipated timing and results of exploration, development and construction activities, including the impact of COVID-19 on such timing; timely responses from governmental agencies responsible for reviewing and considering permitting activities; forecasted demand for lithium, including that such demand is supported by growth in the electric vehicle market; the impact of increasing competition in the lithium business, and LAC’s competitive position in the industry; the outcome and impact of any litigation; general economic conditions; a stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; the impact of COVID-19 on the Company’s business generally, including issues impacting supply chains generally; the expected benefits from prior transactions; and preparation of a development plan and feasibility study for lithium production at the Thacker Pass project.

Forward-looking information also involves known and unknown risks that may cause actual results to differ materially. These risks include, among others, inherent risks in the development of capital intensive mineral projects (including as co-owners); variations in mineral resources and mineral reserves; global demand for lithium; recovery rates and lithium pricing; risks associated with successfully securing adequate financing; changes in project parameters and funding thereof; risks related to the growth of lithium markets and pricing for products thereof; changes in legislation, governmental or community policy; political risk associated with foreign operations; permitting risk, including receipt of new permits and maintenance of existing permits; title and access risk; cost overruns; unpredictable weather and maintenance of natural resources; unanticipated delays; intellectual property risks; currency and interest rate fluctuations; operational risks; health and safety risks; and, general market and industry conditions. Additional risks, assumptions and other factors are set out in the Company’s latest management discussion analysis and annual information form, copies of which are available on SEDAR at www.sedar.com.

Although the Company has attempted to identify important risks and assumptions, given the inherent uncertainties in such forward-looking information, there may be other factors that cause results to differ materially. Forward-looking information is made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.

[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]

FRANKLIN, Ind., June 10, 2021 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that, further to the Company’s press release dated June 1, 2021, the Company’s non-brokered private placement has been increased to a maximum of up to 9,500,000 units of the Company (the "Units") at a price of C$0.20 per Unit (the "Issue Price") for gross proceeds to the Company of up to C$1,900,000 (the "Offering"). There is no minimum offering amount.

Each Unit will consist of one common share of IBC (each, a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.23 at any time prior to the date which is 2 years following completion of the Offering.

It is anticipated that the private placement will close on or before June 18, 2021 and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”), and other customary conditions.

Proceeds of the private placement will be used for working capital and general corporate purposes.

The Offering will take place by way of a private placement to qualified investors in such provinces of Canada (except Quebec) as the Company may designate, and otherwise in those jurisdictions where the Offering can lawfully be made, including the United States under applicable private placement exemptions.

It is expected that certain directors and officers of the Company will participate in the Offering and therefore the proposed issuance of the Common Shares under the Offering constitutes a related-party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to nor the consideration paid by such persons would exceed 25% of the Company’s market capitalization.

All of the securities sold pursuant to the Offering will be subject to a four month hold period, which will expire four months and one day from the date of closing.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark Smith”

Mark Smith P.E., Esq., Chairman

Contact:

Mark A. Smith, Chairman
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jsims@policycom.com

Website: www.ibcadvancedalloys.com

@IBCAdvanced $IB $IAALF #Beryllium #Beralcast

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast^® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, and Pennsylvania. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".

Cautionary Statements

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the pricing and composition of the Units, the expected closing date and use of proceeds and the expected participation by certain directors and officers. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Please see “Risks Factors” in our Annual Information Form available under the Company’s profile at www.sedar.com, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

BEDFORD, NS / ACCESSWIRE / June 10, 2021 / (TSXV:SSE)(FRA:S6Q1) – Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") is pleased to announce the commencement of its Phase 2 ground exploration program on the 1,130-hectare Jackie Au-Ag property ("Jackie" or the "Property").

The current program will concentrate around a pristine exploration target with promising Au-Ag assays from our Phase 1 prospecting and rock sampling program (see Figures 1 and 2). The work will be performed on a 100-hectare section of the Property with grid-controlled detailed geological mapping and rock sampling focused on a 25-hectare central block covering the core of the gold and silver discovery area with additional wider spaced grid mapping of the surrounding area.

"We are excited about the future prospects for Jackie given the lack of historical exploration and the intense silicate and oxide alteration with high-grade precious metal values ranging up to 9.65 g/t Au and 515 g/t Ag identified in the target area anomaly which will provide the main focus for the new program," said Greg Davison, Silver Spruce VP Exploration. "Our Hermosillo-based geological team, mobilizing on June 11^th, will focus on tightly-spaced 25-50 metre grid sampling and mapping around our discovery and on ASTER targets noted at higher elevations. The Phase 2 program will strive to characterize the size and quality of the anomaly with the goal being drill targets for Phase 3 exploration in Q3 2021 after the rainy season."

Figure 1. Jackie and Diamante 2 Concession Location Map. Access from Tepoca south on Highway #117 and local road to La Quema. Discovery area 3km north of La Quema is indicated by the white arrow.

Figure 2.3D topographic image showing location of principal exploration target on the Jackie property.

The Company, with a six-person team (two senior geologists, two junior geologist and two field assistants) and all necessary logistical support will undertake a Phase 2 exploration program, including rock sampling and geological mapping of known areas exhibiting significant alteration or mineralization, collection of structural data and alteration zoning to assist with vectoring toward potential Phase 3 drilling targets. The team also will investigate several known hyperspectral alteration targets identified from satellite imagery. All aspects of the exploration program will be conducted with strict adherence to COVID-19 protocols for personal safety.

Figure 3, identified as one of the early exploration targets from aerial photography and review of regional ASTER (Advanced Spaceborne Thermal Emission and Reflectance Radiometer) imagery, is at the centre of the target area for Phase 2 exploration. The preliminary prospecting identified a distinctive andesite ridge with intense oxidation, silicification and argillic alteration, and a notable paucity of vegetation located 35-50 metres vertical above the valley floor. Geochemical analyses of precious metals clearly identified a strong Au-Ag anomaly, commonly though not exclusively, associated with elevated Hg, Pb, Zn, Cd, As, Sb and Cu with spatial trends similar to the multi-element data recorded for the nearby El Mezquite property.

The extensive oxide and silicate alteration, verified by preliminary aiSIRIS results of hyperspectral analysis, and represented bleached and oxidized argillic zones with aluminous clay minerals and muscovite, and commonly low metal values. Samples collected from the northern area of the ridge displayed intense replacement by zeolite, kaolinite, alunite, montmorillonite, opaline silica and muscovite though contained the bulk of the anomalous gold and silver values.

Receipt of the final batch of assay samples was confirmed from ALS on June 7^th and interpretation of the hyperspectral mineral assemblages and potential epithermal alteration zones is underway. The data will be plotted with property-wide ASTER and newly acquired LiDAR imagery.

Figure 3. Ridge located 50 metres above the valley floor, showing intense oxidation and argillic alteration within large polymetallic anomaly as indicated in Figures 1 and 2.

Figure 4. Phase 2 grid sampling area on Phase 1 geochemistry (Au ppm only), Jackie property. Inset map with 50 metre grid location map illustrating multi-element anomaly displaying Au (ppm), Ag (ppm), Pb (ppm), Zn (ppm) and Cd (ppm).

Geochemical maps illustrating the Phase 1 geochemical anomalies, based on 75^th, 90^th, 95^th and 98^th percentiles, are provided in Figure 4 for gold with inset map for Au, Ag, Pb, Zn and Cd. The additional geochemistry and geological maps and images from the field program are provided on the recently updated Silver Spruce website (www.silverspruceresources.com).

Project Background

The Company recently signed a Definitive Agreement (Press release November 30, 2020) with Colibri Resource Corp. to acquire 50% interest in Jackie, an early-stage precious metal project located 175 km east of Hermosillo, Sonora, Mexico. The large grassroots property is located in a very productive region only one to two kilometres south from our El Mezquite and Diamante properties and adjacent to the west of Minera Alamos' Santana project, and approximately six kilometres northwest of their Nicho deposit currently under development.

The Jackie Project is located within the western portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the precious metals-rich Mojave-Sonora Megashear.

Other nearby large operating mines include Alamos Gold's Los Mulatos gold mine and Agnico Eagle's La India gold mine located 50-60 km to the northeast, Agnico Eagle's Pinos Altos Mine, 95 km southeast and Argonaut's La Colorada Mine, 100 km to the west. Exploration is very active with adjacent and nearby properties reported to be held by Minera Alamos, Newmont, Garibaldi, Evrim, Kootenay Silver and Peñoles.

The 1,130-hectare Property is easily accessible from Hermosillo to the Tepoca area and heading south from Mexican Highway #16 or west from Highway #117, or from Ciudad Obregón travelling northeast on Hwy. #117 and west to the pueblo of La Quema with vehicles and then pack teams along dry river beds, dirt roads and trails. High voltage power lines are located on Highway #16.

Geochemical Analysis, Quality Assurance and Quality Control

Rock samples will be delivered to the ALS sample preparation facility in Hermosillo, Sonora, Mexico. ALS Global in North Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO/IEC 17025:2005 from the Standards Council of Canada.

Pulps (50gram split) will be submitted for Au analysis by Fire Assay with Atomic Absorption finish (Au-AA24) and Four Acid Digestion with Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) multi-element analyses (ME-ICP61m).

Splits of crushed rejects will be sent to ALS in Reno, NV for hyperspectral analysis (HYP-PKG) using the Terraspec 4 and aiSIRIS identification of the principal silicate, sulphate, carbonate and hydrous oxide species, namely the alteration minerals and their relative intensity.

In-house quality control samples (blanks, standards, duplicates, preparation duplicates) will be inserted into the sample set. ALS Global conducts its own internal QA/QC program of blanks, standards and duplicates, and the results will be provided with the Company sample certificates. The results of the ALS control samples will be reviewed by the Company's QP and evaluated for acceptable tolerances. All sample and pulp rejects will be stored at ALS Global pending full review of the analytical data, and future selection of pulps for independent third-party check analyses, as requisite.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the Jackie Project and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), under TSX guidelines.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company also is earning 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO
(902) 826-1579
mkinley@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.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 release.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/651264/Silver-Spruce-Targets-its-High-Grade-Discovery-in-Phase-2-Exploration-Startup-on-Jackie-Au-Ag-Property-Sonora-Mexico

TORONTO, June 10, 2021 (GLOBE NEWSWIRE) — Goodman & Company, Investment Counsel Inc. (the “Manager”) is pleased to announce Jonathan Goodman and Matthew Goodman as new co-lead Portfolio Managers to the following funds:

• CMP 2020 Resource Limited Partnership

• CMP 2021 Resource Limited Partnership

• Dundee Global Resource Class

Mr. Michael Costa, former Portfolio Manager, will continue in a consulting role as needed with the Manager. We would like to thank Michael for his dedication and contributions and wish him the best in his future endeavors.

Jonathan Goodman has over 30 years mining investment and operating experience and has built extensive relationships in the global mining resource and finance sectors over a distinguished career. He has worked as a geologist, senior analyst, portfolio manager and senior executive, operated a mining company, and led a mining-focused investment banking group. Jonathan held the role of Executive Chairman of Dundee Precious Metals (TSX:DPM) from April 2013 to September 2017, at which time he was appointed Chairman, and was its CEO from 1995 until 2013. Mr. Goodman is President and Chief Executive Officer of Dundee Corporation. Mr. Goodman graduated from the Colorado School of Mines as a Professional Engineer, holds a Master of Business Administration from the University of Toronto and is a CFA Charterholder.

Matthew Goodman joined the Manager in 2013 and was responsible for evaluating strategic resource investment opportunities. He was also previously part of the CMP funds management team. Matthew is currently the Portfolio Manager of New Venture Equities Fund LP, a private equity-style investment fund with a principal investment strategy to invest in a portfolio comprised of securities that conduct business within the mining sector. His background includes mineral exploration and equity capital markets experience. Matthew Goodman is a CFA Charterholder and holds an Honours Bachelor of Social Science degree, specializing in Microeconomic Analysis and Global Economics from York University.

About the Manager
The Manager is a subsidiary of Dundee Corporation (TSX:DC.A). The Manager is a registered portfolio manager and exempt market dealer across Canada, and a registered investment fund manager in the provinces of Ontario, Quebec and Newfoundland and Labrador.

About CMP
CMP™ is a pioneer in flow-through investing, with a history dating back to when flow-through shares were first introduced by the federal government. Since its creation in 1984, CMP has successfully raised and invested over $3.0 billion in companies active in exploration and development efforts across Canada. When combined with the flow-through limited partnerships of Canada Dominion, the two form the largest flow-through investing platform in Canada, raising a combined total of more than $4.3 billion in assets throughout their history.

For more information, contact our Customer Relations Centre at 1.866.694.5672 or visit www.goodmanandcompany.com.

VANCOUVER, BC, June 10, 2021 /CNW/ – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announces the results of matters voted upon at its Annual General Meeting (the "Meeting") of shareholders held earlier today.

A total of 70,374,901 votes were cast, representing 49.4% of the issued and outstanding common shares as of the record date for the Meeting. All nominated directors were elected with voting results tabulated as follows:

Shareholders also voted 74.0% in favour of the approval of all unallocated awards under the Corporation's restricted share unit plan and 99.5% in favour to set the number of directors at six. In addition, PricewaterhouseCoopers LLP, Chartered Professional Accountants, were re-appointed as auditors with 99.7% voting support.

About Alexco

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to production and started concentrate production and shipments in Q1 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral resources through successful exploration.

Some statements ("forward-looking statements") in this news release contain forward-looking information concerning the Company's anticipated results and developments in the Company's operations in future periods, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements with respect to the timing of activities and reports. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. 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. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

View original content:http://www.prnewswire.com/news-releases/alexco-reports-voting-results-from-annual-general-meeting-301310519.html

SOURCE Alexco Resource Corp.

View original content: http://www.newswire.ca/en/releases/archive/June2021/10/c4843.html

VANCOUVER, June 10, 2021 /CNW/ – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that it has closed the previously announced bought deal public offering (the "Offering") with a syndicate of underwriters (the "Underwriters") co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation and including R.F. Lafferty & Co., Inc., A.G.P./Alliance Global Partners and Roth Capital Partners, LLC (collectively the "Underwriters"). With full exercise of the Underwriters' over-allotment option, the Company has issued a total of 8,214,450 common shares (the "Shares") at a price of C$3.50 per Share (the "Offering Price") for gross proceeds of $28,750,575.

In connection with the Offering, the Company has paid the Underwriters a cash commission equal to 1.5% on approximately $2.875 million of the aggregate gross proceeds (representing the proceeds raised from sales to members of the President's List) and a cash commission equal to 5.0% on the remaining gross proceeds of approximately $25.875 million.

The net proceeds from the sale of the Shares will be used for development and site expenditures at Keno Hill and for general corporate and working capital purposes, as set out in more detail in the Prospectus (as defined below) as filed on the Company's profile on www.sedar.com.

The Offering was completed pursuant to a prospectus supplement dated June 7, 2021 to the short form base shelf prospectus of the Company dated November 2, 2020 (collectively, the "Prospectus") in the provinces of British Columbia, Ontario, Alberta, Saskatchewan, and Manitoba, in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and applicable state securities laws and other jurisdictions outside of Canada and the United States on an exempt basis.

The securities offered have not been and will not be registered under the U.S. Securities Act, or under any securities laws of any state of the United States, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, a U.S. person or person in the United States, except in certain transactions exempt from the registration requirements of the U.S. Securities Act and any applicable securities laws of any state of the United States. This release does not constitute an offer to sell or a solicitation to buy such securities in the United States, Canada or in any other jurisdiction where such offer, solicitation or sale is unlawful. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.

About Alexco

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to production and started concentrate production and shipments in Q1 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral resources through successful exploration.

Please visit the Alexco website at www.alexcoresource.com

Some statements ("forward-looking statements") in this news release contain forward-looking information concerning plans related to Alexco's business and other matters that may occur in the future, made as of the date of this news release including the intended use of proceeds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to legislative and/or regulatory changes; risks and uncertainties relating to the COVID-19 pandemic including but not limited to business closures, travel restrictions, quarantines and a general reduction in consumer activity; actual results and timing of exploration and development, mining, environmental services and remediation and reclamation activities; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineral resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, that circumstances surrounding the COVID-19 pandemic, although evolving, will stabilize or at least not worsen; that the extent to which COVID-19 may impact the Company, including without limitation disruptions to the mobility of Company personnel, costs associated with implementation of health and safety protocols, increased labour and transportation costs, and other related impacts, will not change in a materially adverse manner; that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development activities will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. 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. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

View original content:http://www.prnewswire.com/news-releases/alexco-closes-c28-75-million-bought-deal-equity-financing-301310074.html

SOURCE Alexco Resource Corp.

View original content: http://www.newswire.ca/en/releases/archive/June2021/10/c9143.html

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES

TORONTO, June 10, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “Company”) is pleased to announce that further to its news release dated June 7, 2021, it has completed a non-brokered private placement for aggregate gross proceeds of $350,000 (the “Offering”). The Offering consisted of (i) 5,100,000 flow-through shares (“FT Shares”) at a price of $0.05 per FT Share for gross proceeds of up to $255,000; and (ii) 1,900,000 hard dollar units (“HD Units”) at a price of $0.05 per HD Unit for gross proceeds of $95,000.

Each HD Unit is composed of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share (a “Warrant Share”) at a price of $0.07 per Warrant Share until the date which is twenty-four (24) months following the closing date of the Offering, whereupon the Warrants will expire. Each FT Share is composed of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the “Tax Act”).

The proceeds raised from the sale of the FT Shares will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) to pay for assay results on over 2,000 meters of drill core from the Company’s Good Hope Niobium Project near Marathon, Ontario and to fund the Company’s other properties in Ontario, Canada. The proceeds raised from the sale of the HD Units will be used for general working capital purposes and for exploration expenses on the Company’s properties.

Certain insiders of the Company subscribed, directly or indirectly for an aggregate of 2,200,000 FT Shares and 1,100,000 HD Units pursuant to the Offering. Such participation is considered a “related party transaction” as such terms are defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“), requiring the Company, in the absence of exemptions, to obtain a formal valuation for and minority shareholder approval of the “related party transactions”. The Company is relying on an exemption from the requirement to obtain formal valuation and minority shareholder approval as the fair market value of the participation in the Offering by the Insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

In connection with the closing of the Offering, eligible finders who introduced investors to the Offering have been (i) paid an aggregate cash commission of $4,800; and (ii) issued an aggregate 96,000 finder units (the “Finder Unit”). Each Finder Unit is composed of one Common Share and one Common Share purchase warrant (a “Finder Warrant”). Each Finder Warrant will entitle the holder to purchase one Common Share (a “Finder Warrant Share”) at a price of $0.07 per Finder Warrant Share until the date which is twenty-four (24) months following the closing date of the Offering.

The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins, Ontario, Marathon, Ontario and Santa Cruz, Argentina.

The Timmins, Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon, Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon, Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.

For additional company information, please visit: www.platogold.com.

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

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

Forward Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, completion of the Offering, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals may offset operating costs and future plans and objectives. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on 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 the Company, the Company provides no assurance that actual results will meet management’s expectations. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained; and an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Halifax, Nova Scotia–(Newsfile Corp. – June 9, 2021) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF)ⁱ ("Ucore" or the "Company") is pleased with recent developments in Washington D.C. that are poised to strengthen United States supply chains and spur the domestic production capacity of rare earth elements ("REEs") and other critical materials.

On Tuesday, June 8th, 2021, United States President Joe Biden released a review of US supply chain vulnerabilities pursuant to Executive Order 14017. The review shows that the US government will continue to invest in REE technologies and production capabilities, which could serve to benefit Ucore, its wholly owned subsidiary, Innovation Metals Corp. ("IMC"), and their proprietary RapidSX™ separation technology for the separation of both light REEs ("LREEs") and heavy REEs ("HREEs"). Key recommendations include:

• Encourage the development and adoption of 21^st century standards for the extraction and processing of critical minerals;

• US $50 billion to establish a Supply Chain Resilience Program to monitor and forecast vulnerabilities and promote industry partnerships;

• A "trade strike force" to identify and counter unfair foreign trade practices, the first action of which will be to investigate unfair trade practices surrounding neodymium (NdFeB) permanent magnets;

• Reducing the time, cost, and risk of permitting for critical mineral mining projects; and

• Using the US government's buying power and investment authorities to encourage the purchase of critical materials from secure and reliable domestic and allied sources. This includes:

  • Additional funding for the Defense Production Act ("DPA") Title III program to scale emerging technologies for critical materials and enable offtake agreements; and

  • Recapitalizing the National Defense Stockpile to better buffer against supply chain threats.

Ucore Chairman and CEO, Pat Ryan, P.Eng. said, "We are very pleased with the White House's concern for REEs and its efforts to spur the domestic production of critical materials. China has long dominated the REE supply chain, but with the US government's help, we can and will use our groundbreaking 21^st Century separation technology, RapidSX, to bring control back into the hands of Americans. Our ALASKA2023 business model is founded on this transformative technology and the development of a resilient US supply chain through the development of two REE separation plants and ultimately a HREE mine at Bokan Mountain Alaska – the very definition of US resiliency."

ⁱ Ucore has received questions from shareholders regarding recent brokerage industry notices warning investors who hold shares in companies that do not share publicly available information about the Securities and Exchange Commission (the "SEC") adopting amendments to Rule 15c2-11 (the "Rule") and its impact on the quoted market for over-the-counter ("OTC") securities categorized as Pink No Information.

The OTC Markets Group has informed Ucore that as an OTCQX company, Ucore already shows good corporate governance by actively demonstrating its compliance with securities laws and meeting OTCQX disclosure standards, including making current information publicly available. The OTCQX market standards exceed the requirements for continued quoting under Rule 15c2-11 and the proposed amendments will not affect shareholders of UURAF.

# # #

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with potential for production, growth, and scalability. Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare-Earth Element Project in Southeast Alaska, USA. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this vision includes disrupting the People's Republic of China's ("PRC") dominance of the US REE supply chain through the development of a heavy rare-earth processing facility – the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore's heavy rare-earth element mineral resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX^® Best Market under the ticker symbol "UURAF."

For further information, please visit www.ucore.com.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements" regarding, among other things, the Company's ALASKA2023 Business Plan as well as the upcoming online awareness campaign. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events, or developments that the Company expects, are 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 or results and actual results or developments may differ materially from those in forward-looking statements. In regard to the disclosure in the "About Ucore Rare Metals Inc." section above, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to IMC, as suppliers for Ucore's expected future Alaska Strategic Metals Complex ("Alaska SMC"). Ucore has also assumed that sufficient external funding will be found to prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Elements project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be secured to develop the specific engineering plans for the Alaska SMC and its construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC and/or the continued development of RapidSX; adverse capital-market conditions; unexpected due-diligence findings; unexpected or adverse outcomes in the currently outstanding litigation matters between Ucore and IBC Advanced Technologies, Inc.; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT

Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
+1 902 482 5214
mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87090

(Adds union comment, detail)

By Fabian Cambero

SANTIAGO, June 9 (Reuters) – Workers at BHP Group's Spence copper mine in Chile said on Wednesday they would extend negotiations with the company for a few more days to try to reach agreement on a new contract and avoid a strike at the operation, the union told Reuters.

The union representing 1,100 workers at the mine in Chile's northern Atacama Desert said it hoped to reach an agreement by the end of Thursday.

"We´ll extend our talks by two more days," a union official told Reuters late on Tuesday evening.

BHP did not immediately respond to a request for comment.

BHP is also negotiating with the union representing workers at Chile's Escondida copper mine, the world's largest, which told Reuters it was keeping an open mind but also building a war chest for a potential strike.

At the same time, 200 remote workers from BHP's Integrated Operations Center in the Chilean capital Santiago, who run Spence and Escondida, the world's largest copper mine, remain on strike after walking off the job when they failed to reach a contract agreement on May 27.

The announcement of a settlement at Spence will reduce some of the pressure on BHP. It comes as global copper prices hover near record highs and amid rising political risk in the region, with political shifts bringing potential changes to miners' taxation and royalty regimes under way in both No. 1 copper producer Chile and neighboring Peru, the No. 2 producer.

Spence, in northern Chile, produced 146,700 tonnes of copper last year out of Chile's total 5.7 million tonnes.

BHP said this year that it hoped a new, $2.46 billion concentrator plant at the site would extend the useful life of facility by more than 50 years and see it producing 300,000 tonnes a year by February next year. (Reporting by Fabian Cambero. Additional reporting by Melanie Burton in MELBOURNE; Editing by Jacqueline Wong and Gerry Doyle)

As of late, it has definitely been a great time to be an investor in Intrepid Potash, Inc. IPI. The stock has moved higher by 15.4% in the past month, while it is also above its 20-day SMA too. This combination of strong price performance and favorable technical could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider IPI’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as IPI has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Just because a business does not make any money, does not mean that the stock will go down. Indeed, Stellar Resources (ASX:SRZ) stock is up 278% in the last year, providing strong gains for shareholders. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

Given its strong share price performance, we think it's worthwhile for Stellar Resources shareholders to consider whether its cash burn is concerning. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

View our latest analysis for Stellar Resources

When Might Stellar Resources Run Out Of Money?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. In December 2020, Stellar Resources had AU$2.3m in cash, and was debt-free. Importantly, its cash burn was AU$663k over the trailing twelve months. So it had a cash runway of about 3.5 years from December 2020. A runway of this length affords the company the time and space it needs to develop the business. Depicted below, you can see how its cash holdings have changed over time.

How Is Stellar Resources' Cash Burn Changing Over Time?

Because Stellar Resources isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. With cash burn dropping by 11% it seems management feel the company is spending enough to advance its business plans at an appropriate pace. Stellar Resources makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Hard Would It Be For Stellar Resources To Raise More Cash For Growth?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for Stellar Resources to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Stellar Resources' cash burn of AU$663k is about 2.4% of its AU$28m market capitalisation. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares.

Is Stellar Resources' Cash Burn A Worry?

As you can probably tell by now, we're not too worried about Stellar Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. On this analysis its cash burn reduction was its weakest feature, but we are not concerned about it. Looking at all the measures in this article, together, we're not worried about its rate of cash burn, which seems to be under control. On another note, Stellar Resources has 4 warning signs (and 2 which are significant) we think you should know about.

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

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

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

FRIEDENS, Pa., June 9, 2021 /CNW/ – Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company"), announced today that Peter V. Merritts, as part of his future retirement planning process, has elected to step down as Chief Executive Officer ("CEO") of the Company and a member of the Board of Directors and be appointed Chief Operating Officer ("COO") effective June 9, 2021. Mr. Merritts' decision is not the result of any dispute or disagreement with the Company or any matter related to the Company's operations, policies, management, or board of directors, but strictly a decision to provide the best opportunity for succession planning of the CEO position and Mr. Merritts' future retirement plans.

The Board of Directors has appointed Mr. Robert (Bob) J. Schneid as President and CEO and a director effective June 9, 2021. Mr. Schneid has over 34 years of experience working in the coal and electric utility industries in various roles for companies such as: Prospect Mining and Development Company, Walter Energy, Patriot Coal, Oxbow Carbon, CONSOL Energy and Costain Coal. He has a Master of Science Degree in Mineral and Energy Resource Economics from West Virginia University and a Bachelor of Science Degree in Energy Management from West Liberty University.

"On behalf of the Board of Directors, I would like to thank Pete for his contributions to Corsa as CEO, in particular for the role he played in guiding the Company over the last two years amidst the COVID-19 pandemic. The Board greatly appreciates Pete working with members of the Board on succession planning for a smooth CEO transition as part of his future retirement plans and his willingness to serve as Chief Operating Officer during the CEO transition", stated Mr. Ronald G. Stovash, Chairman of the Corporate Governance, Nominating, and Compensation Committee of the Board of Directors. "The Board of Directors will be working closely with Mr. Schneid while the Company continues to focus on increasing shareholder value through improved operational, financial and other strategic opportunities."

In connection with the annual and special meeting of shareholders of the Company scheduled to be held on June 30, 2021, Mr. Merritts will no longer stand for election and the Board of Directors has therefore set its size at six for the purposes of such election. It is expected that only the remaining six nominees set forth in the Company's management information circular, dated May 31, 2021, will stand for election at the meeting and that Mr. Schneid will be re-appointed as a director of the Company immediately following the meeting.

Information about Corsa

Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Our core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets.

Forward-Looking Statements

Certain statements and other information included in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to Mr. Merritts' transition and the appointment of Robert J. Schneid as President and Chief Executive Officer and member of the Board of Directors, Corsa's strategic plans and the creation of value for shareholders.

Forward–looking statements in this press release are based on certain key expectations and assumptions made by Corsa. Although Corsa believes that the expectations and assumptions on which such forward–looking statements are based are reasonable, undue reliance should not be placed on the forward–looking statements because Corsa can give no assurance that they will prove to be correct.

Corsa disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable securities laws.

The TSX Venture Exchange has in no way passed on the merits of this news release. 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.

SOURCE Corsa Coal Corp.

View original content: http://www.newswire.ca/en/releases/archive/June2021/09/c7826.html

ROUYN-NORANDA, Québec, June 09, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has sold the McNeely Lithium project consisting of 66 mining claims in La Corne, Landrienne and Figuery townships, Quebec to First Energy Metals Limited (FE-CSE). The claims have been sold for a single cash payment of $250,000 and 2,000,000 First Energy Metals shares (currently $0.30 a share). Globex will retain a 3% Gross Metal Royalty on all production from the claims.

Globex’s McNeely claims extend westward from the Quebec Lithium Mine property intermittently in several claim blocks over a strike length of approximately 18 kilometres, and includes several spodumene showings and historical mineralized drill holes. A large number of Globex’s claims surround and are in close proximity to the Augustus Lithium occurrence where First Energy Metals recently reported a drill hole grading 1.17% Li₂O over a core length of 19 metres (see First Energy Metals press release dated June 1, 2021).

Globex is pleased to vend the McNeely property to First Energy Metals Limited an active exploration neighbor and looks forward to future drill results from their ongoing exploration program.

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

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

EUROPE MARKETS European stocks and U.S. equity futures traded flat on Wednesday, a day ahead of key consumer prices Stateside, while a sharp rise in Chinese factory prices sent shares of miners lower.

TORONTO, June 09, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) is pleased to report the voting results of the Annual and Special Meeting of Shareholders (the "Meeting") held today, June 9, 2021.

Shareholders voted in favour of all matters brought before the Meeting, including the election of all of the director nominees, comprising: Alan Coutts; Luca Giacovazzi; Jean Paul Gladu; Bo Liu; Paul Parisotto; and John Pollesel.

The results of the matters considered at the Meeting, including the appointment of auditors and re-approval of the Company's Stock Option Plan, are reported in the Report of Voting Results as filed on SEDAR on June 9, 2021.

A video presentation update from Mr. Alan Coutts, President and CEO of the Company, is available on the Company's YouTube page.

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

For more information please contact:

Shareholders:

Greg Rieveley
greg.rieveley@norontresources.com
416-367-1444 ext. 117

Media:

Ian Hamilton
ihamilton@longviewcomms.ca
(905) 399-6591

Janice Mandel
janice.mandel@stringcom.com
(647) 300-3853

CAUTIONARY LANGUAGE AND FORWARD-LOOKING STATEMENTS

This news release includes certain statements that may be deemed "forward-looking statements". Except for statements of historical fact relating to Noront, information contained herein constitutes forward-looking information, including any information related to Noront's strategy, plans or future financial or operating performance. Forward-looking information is characterized by words such as "plan", "expect", "budget", "target", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "will", "could" or "should" occur. In order to give such forward-looking information, the Company has made certain assumptions about its business, operations, the economy and the mineral exploration industry in general on each of the foregoing. Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those described in, or implied by, the forward-looking information. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in, or implied by, the forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding Noront's expected performance and Noront's plans and objectives and may not be appropriate for other purposes. All forward-looking information contained herein is given as of the date hereof, as the case may be, and is based upon the opinions and estimates of management and information available to management of the Company as at the date hereof. The Company undertakes no obligation to update or revise the forward-looking information contained herein and the documents incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.

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

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2021) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that a total of 4,035,855 shares have been issued from the exercise of warrants and Agent Options resulting in the receipt of $390,694.30. The funds will support the Company's plans to restart the drill program in the Southern Gold Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC on June 15, 2021 (see NR June 2, 2021).

This program will be a continuation of the two drill-hole program initiated April 14, 2021 that returned 1.03 gpt Au over 59 meters and 1.08 gpt Au over 88 meters (See NR May 27, 2021).

About the Project

Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of Excellence for its reclamation work at Miner Mountain.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933
ceo@segoresources.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. No regulatory authority has approved or disapproved the information contained in this news release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87021

SANTIAGO, June 9 (Reuters) – Workers at BHP Group's Spence copper mine in Chile said on Wednesday they will extend negotiations with the company for a few more days to try and reach agreement on a new contract and avoid a strike at the operation, the union told Reuters.

The union representing 1,100 workers at the mine in Chile's northern Atacama Desert said it hoped to reach agreement by the end of Thursday. (Reporting by Fabian Cambero; Editing by Jacqueline Wong)

If you want to know who really controls Capstone Mining Corp. (TSE:CS), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of CA$2.1b, Capstone Mining is a decent size, so it is probably on the radar of institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's take a closer look to see what the different types of shareholders can tell us about Capstone Mining.

Check out our latest analysis for Capstone Mining

What Does The Institutional Ownership Tell Us About Capstone Mining?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

We can see that Capstone Mining does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Capstone Mining, (below). Of course, keep in mind that there are other factors to consider, too.

Capstone Mining is not owned by hedge funds. Our data shows that Grm Investments Ltd. is the largest shareholder with 25% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 9.8% and 4.4%, of the shares outstanding, respectively. Additionally, the company's CEO Darren Pylot directly holds 0.5% of the total shares outstanding.

After doing some more digging, we found that the top 15 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Capstone Mining

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

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

Shareholders would probably be interested to learn that insiders own shares in Capstone Mining Corp.. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around CA$47m worth of shares (at current prices). If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.

General Public Ownership

With a 46% ownership, the general public have some degree of sway over Capstone Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

Our data indicates that Private Companies hold 34%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Capstone Mining better, we need to consider many other factors. Be aware that Capstone Mining is showing 3 warning signs in our investment analysis , you should know about…

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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

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

VANCOUVER, BC, June 9, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX) ("FPX" or the "Company") is pleased to report the results of expanded field tests which demonstrate the potential for significant direct air carbon capture in tailings at its Baptiste Project in the Decar Nickel District in central British Columbia. These field tests, from Phase 2 of a two-part program conducted by researchers from the University of British Columbia ("UBC") funded by FPX and the Government of Canada, continue to demonstrate that the Baptiste Project's tailings can sequester significant quantities of carbon dioxide ("CO₂") when exposed to air through a natural process of mineral carbonation.

Highlights

• The positive results of the 59-day Phase 2 field test (September to November 2020) described herein expand upon the 24-day Phase 1 results (August 2020) described in the Company's February 16, 2021 news release

• Significant rates of carbon sequestration were noted on a continuous basis throughout Phases 1 and 2 under all test conditions, with the highest rates of sequestration occurring in tailings subjected to churning at regular intervals to encourage greater exposure of the crushed material to air

• Measurements during the combined 83-day Phase 1 and 2 field programs indicate capture of a total of 5.8 grams of CO₂ for each kilogram of crushed Baptiste tailings exposed to air by churning on a regular basis to a depth of 12 cm

• Carbon sequestration rates observed during these Phases 1 and 2 (3.7 kg CO₂/m² year) are approximately 50% greater than the estimated average rates of capture under the dry conditions at BHP's Mount Keith nickel mine in Western Australia (2.5 kg CO₂/m² year; see Note 1)

Cautionary Statement: The test results described herein are preliminary in nature and may not be representative of conditions or results in an operating environment, particularly as it pertains to the representativeness of mineralization, moisture content, changes in weather conditions, process water chemistry and tailings emplacement configuration, including the rate at which tailings are covered with fresh material, among other para meters. There is no certainty that the results reported herein will be realized in an operating environment. Further studies are recommended to expand the scale of testing to better understand the potential for carbon sequestration to be realized in an operating environment.

"These positive results continue to demonstrate that Baptiste has unique potential to become the world's first large-scale, carbon-neutral nickel operation," commented Martin Turenne, FPX Nickel's President and CEO. "The competitive advantage for FPX is the elevated content in our Baptiste deposit of the key, highly carbon-reactive mineral brucite, which is present in higher concentrations at Baptiste than at typical intrusive-hosted ultramafic nickel sulphide deposits. The elevated brucite content of the Baptiste deposit therefore presents us with a unique opportunity to drive toward carbon neutrality at Baptiste, and we look forward to expanded testing in 2021 to deliver further evidence to investors and potential strategic partners alike."

The two-phase test program builds on more than a decade of research on technologies that maximize the reaction between CO₂ and brucite (mineral form of magnesium hydroxide) present in the Baptiste mine tailings. In a natural process called carbon mineralization, CO₂ reacts with brucite in the tailings, binding the CO₂ in a benign, solid magnesium carbonate which is stable on a geological time scale.

The test work summarized herein was completed on a representative Baptiste mineralized composite of approximately 300 kilograms comprised of core sample reject material crushed to 50-360 µm, consistent with the tailings size anticipated during mine operation. Analysis of the core material indicated 1-2 wt% content of brucite, a range consistent with the average brucite content of the Baptiste deposit. The Phase 1 field program was conducted at an outdoor site in Prince George from August 5-29, 2020. On completion of Phase 1 testing in August, the tailings were moved to Vancouver and a second stage was conducted outdoors from September 14 to November 12, 2020.

The tailings sample was divided into splits of 37 kilograms loaded to a depth of 12 centimeters into eight cells in two large containers, with local water added to achieve a moisture content of approximately 15 wt%. One container was exposed to local weather conditions (including precipitation and solar radiation), while the second was placed under a shade tent to control the water content of the tailings, which was maintained approximately constant by the manual addition of water from time to time. Large rainfall events had no noticeable impact on the rate of CO₂ capture, which is considered a positive finding given the precipitation rates in central British Columbia.

Two physical manipulations, churning and aeration, were each applied to four of the eight cells, with the four remaining cells left undisturbed as controls. In the churned cells, the tailings were manually overturned to a depth of 12 cm; churning occurred once per day during the Phase 1 test, and on an approximately weekly basis during Phase 2. In the aerated cells, narrow holes with a diameter of 1 cm were bored on a 5 cm grid from the surface to the bottom of the cell to encourage a greater exposure of air to the crushed material. Two methodologies were employed to confirm the amount of carbon sequestered during the test program, as described in the Company's February 16, 2021 news release.

In the cells churned to a depth of 12 cm at regular intervals, carbon absorption measurements demonstrate capture of 5.8 grams of CO₂ for each kilogram of crushed Baptiste tailings in the cell over the course of the combined 83-day Phase 1 and 2 programs, with no addition of new tailings. Based on this amount of carbon sequestration, it is estimated that only approximately 45% of the brucite reacted with carbon dioxide, leaving 55% of the brucite available for reaction and suggesting future opportunities to optimize the reaction between tailings and CO₂ in air to achieve even higher rates of carbon capture.

In the control and aerated cells, an average of 2.5 grams of CO₂ was captured for each kilogram of crushed Baptiste tailings in the cells over the course of combined Phase 1 and 2 trials, representing approximately 43% of the sequestration rate observed in the churned cells.

Carbon sequestration rates observed in the churned cells during Phases 1 and 2 (3.7 kg CO₂/m² year) are approximately 50% greater than the estimated average rates of capture at BHP's Mount Keith nickel mine in Western Australia (2.5 kg CO₂/m² year), where it is estimated that approximately 39,800 tonnes/year of atmospheric CO₂ are being trapped and stored in tailings (see Note 1).

Note 1: International Journal of Greenhouse Gas Control, "Offsetting of CO₂ Emissions by Air Capture in Mine Tailings at the Mount Keith Nickel Mine, Western Australia: Rates, Controls and Prospects for Carbon Neutral Mining", Wilson et al., 2014

Next Steps

In addition to the 2020 direct air capture test results described herein, UBC researchers have conducted additional testing to assess the rate and quantity of carbon capture from the injection of concentrated CO₂ gas into Baptiste tailings. The Company expects to report the findings of the concentrated injection test program in the coming weeks.

The Company is further expanding the size and scope of carbon sequestration testing, with two direct air capture experiments to commence in the third quarter of 2021:

1. Six-month experiment at a location in Vancouver on approximately 2.4 tonnes of tailings material, or approximately eight times the scale of the 2020 experiment

2. 1-year experiment at a location in central British Columbia on approximately 300 kg of tailings material, designed to better understanding the longer-term carbon sequestration potential of undisturbed tailings.

These two experiments will build off the 2020 experiment and address several conceptual operating parameters, including:

• Expanding the tonnage footprint to understand sequestration performance at varying depths of tailings deposition;

• Building an enhanced understanding of the impact of tailings water content and air temperature (including freezing temperature) on the rate of carbon sequestration;

• Improving the understanding of the effect of churning frequency on the rate of carbon capture.

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

About the Decar Nickel District

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

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

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

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

About FPX Nickel Corp.

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

On behalf of FPX Nickel Corp.

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

Forward-Looking Statements

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

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

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/09/c6268.html

Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

Given this risk, we thought we'd take a look at whether Salazar Resources (CVE:SRL) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Salazar Resources

When Might Salazar Resources Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Salazar Resources last reported its balance sheet in March 2021, it had zero debt and cash worth CA$6.1m. In the last year, its cash burn was CA$3.0m. Therefore, from March 2021 it had 2.0 years of cash runway. Arguably, that's a prudent and sensible length of runway to have. Depicted below, you can see how its cash holdings have changed over time.

How Is Salazar Resources' Cash Burn Changing Over Time?

Salazar Resources didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Over the last year its cash burn actually increased by 31%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we're a bit cautious of Salazar Resources due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For Salazar Resources To Raise More Cash For Growth?

Given its cash burn trajectory, Salazar Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of CA$55m, Salazar Resources' CA$3.0m in cash burn equates to about 5.5% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

So, Should We Worry About Salazar Resources' Cash Burn?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Salazar Resources' cash burn relative to its market cap was relatively promising. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. Readers need to have a sound understanding of business risks before investing in a stock, and we've spotted 3 warning signs for Salazar Resources that potential shareholders should take into account before putting money into a stock.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

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.

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* Project has now received approval to export copper concentrate

* First-phase production to be around 200,000 T of copper per year (Adds detail on concentrate export approval)

By Tom Daly

June 9 (Reuters) – China's Zijin Mining said one of its subsidiaries and Citic Metal will each buy 50% of the copper output from the first phase of its Kamoa-Kakula mine in Democratic Republic of Congo (DRC), which has now won approval to export concentrate.

The deals will see wholly-owned Zijin unit Gold Mountains (H.K.) International Mining Co Ltd and trader Citic Metal, part of state-owned conglomerate Citic Group, split the initial offtake from what is expected to be the world's highest-grade major copper mine.

The agreements were done "on competitive arms-length commercial terms" and include treatment and refining charges based on the annual industry benchmark, Zijin said in a filing on Wednesday.

They are for both copper concentrate directly from Kamoa-Kakula, which started production on May 25, and blister copper processed at a nearby smelter, it added.

Canada-based Ivanhoe Mines, Zijin's main partner in the Kamoa Copper joint venture that operates the mine, also announced the deals, saying first-phase output is projected to be approximately 200,000 tonnes of copper per year.

"We have all necessary authorizations in place and will commence exports of (copper products) to meet the burgeoning international demand for electrification of the global economy," Ivanhoe President Marna Cloete said in a statement.

The company said in late May it had applied for a waiver that would allow it to ship concentrate to overseas markets despite a DRC ban on exports since 2013 to encourage domestic processing. The DRC has issued regular waivers to the ban.

The buyers will be responsible for arranging freight and shipment of the copper to its final destination, initially via the port of Durban, South Africa, Ivanhoe said.

Citic Metal and the Zijin unit will each provide an advance payment of up to $150 million, which can be drawn on by Kamoa Copper from June 10 this year until May 31, 2023.

"The facility will bear an annual interest rate of 8% and will be offset against provisional payments due to Kamoa Copper from product deliveries," Ivanhoe added. (Reporting by Tom Daly; Editing by Emelia Sithole-Matarise, Kirsten Donovan)