(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters.)

By Clyde Russell

LAUNCESTON, Australia, May 31 (Reuters) – A court ruling that Royal Dutch Shell must speed up plans to curb greenhouse gas emissions rocked the global oil and gas industry, but another decision in a case brought by eight school-aged teens and a nun may end up being more significant.

The order by a Dutch court that Shell must drastically deepen its planned emission reductions raised fears in the industry of similar legal actions against other oil and gas majors, and concern that companies will be held liable for meeting court imposed climate change targets.

The decision against Shell, coupled with shareholder rebukes against U.S. oil majors Exxon Mobil and Chevron, made it a bad week for an industry that is grappling with how to deal with the challenge of operating profitably and sustainably in what is likely to be a carbon-constrained future.

An Australian court added fuel to the fire on May 27, ruling that the country's environment minister has an obligation to children to consider the harm caused by climate change when deciding whether to approve a coal mine expansion.

The Federal Court of Australia made the ruling in a class action suit brought by eight teenagers, aged between 14 and 17, and an 86-year-old nun acting as their litigation guardian. In the suit, the teens argued that the expansion of Whitehaven Coal's Vickery mine in New South Wales state would contribute to climate change and endanger their future.

Australia is the world's largest exporter of coking coal used to make steel and second-biggest in thermal coal for power generation, and the industry – domestically and abroad – has become a political battleground.

The court ruling was only a partial victory, though, as the judge didn't grant an injunction to prevent Environment Minister Sussan Ley from approving the mine.

The ruling does mean the minister will have to consider her duty of care to future generations, with Justice Mordecai Bromberg saying the minister can foresee the possibility of the climate damage from the coal mine.

The judge said there is evidence of the "severe harm" climate change can cause future generations.

"It will largely be inflicted by the inaction of this generation of adults, in what might fairly be described as the greatest intergenerational injustice ever inflicted by one generation of humans upon the next," Bromberg said, according to a report in the Financial Times.

WIDER IMPACT

Australia's federal government said it will study the judgment, and it's likely the implications go well beyond a 10 million-tonnes-per-year coal mine.

The obvious end point of the case is that citizens will be able to sue the government for damages caused by climate change, using the argument that the government was well aware of the risks but still took actions that contributed to increasing carbon emissions.

If the government deems the risk of being sued by its own citizens to be high, it may have to concede that approving more coal will be challenging.

For its part, Whitehaven Coal welcomed the decision not to grant the injunction against its planned mine expansion, and will work to get a final approval from the federal government.

The company also made the curious statement that it foresees a continuing role for what it termed "high-quality coal" in contributing to "global CO2 emissions reduction efforts".

The only way burning coal from Whitehaven's mine could be deemed to be helping reduce emissions is if it were replacing even dirtier, lower-quality coal, or perhaps if the end user was capturing all the emissions and storing them.

There is no evidence to support either assertion and Whitehaven's stance is at odds with a recent paper from the International Energy Agency that called for an end to the funding and development of fossil fuel projects.

The one factor in common in the Dutch and Australian rulings is that for companies and governments the risks of legal actions and being held accountable on climate change-related issues are not only very real, but also increasing.

Environmental activists have finally realised that hitting companies and governments with potentially massive liabilities is a far more effective strategy than having protesters chain themselves to mining equipment or staging similar high-profile but ultimately low-impact demonstrations. (Editing by Tom Hogue)

(The opinions expressed here are those of the author, a columnist for Reuters.)

By Clyde Russell

LAUNCESTON, Australia, May 31 (Reuters) – A court ruling that Royal Dutch Shell must speed up plans to curb greenhouse gas emissions rocked the global oil and gas industry, but another decision in a case brought by eight school-aged teens and a nun may end up being more significant.

The order by a Dutch court that Shell must drastically deepen its planned emission reductions raised fears in the industry of similar legal actions against other oil and gas majors, and concern that companies will be held liable for meeting court imposed climate change targets.

The decision against Shell, coupled with shareholder rebukes against U.S. oil majors Exxon Mobil and Chevron, made it a bad week for an industry that is grappling with how to deal with the challenge of operating profitably and sustainably in what is likely to be a carbon-constrained future.

An Australian court added fuel to the fire on May 27, ruling that the country's environment minister has an obligation to children to consider the harm caused by climate change when deciding whether to approve a coal mine expansion.

The Federal Court of Australia made the ruling in a class action suit brought by eight teenagers, aged between 14 and 17, and an 86-year-old nun acting as their litigation guardian. In the suit, the teens argued that the expansion of Whitehaven Coal's Vickery mine in New South Wales state would contribute to climate change and endanger their future.

Australia is the world's largest exporter of coking coal used to make steel and second-biggest in thermal coal for power generation, and the industry – domestically and abroad – has become a political battleground.

The court ruling was only a partial victory, though, as the judge didn't grant an injunction to prevent Environment Minister Sussan Ley from approving the mine.

The ruling does mean the minister will have to consider her duty of care to future generations, with Justice Mordecai Bromberg saying the minister can foresee the possibility of the climate damage from the coal mine.

The judge said there is evidence of the "severe harm" climate change can cause future generations.

"It will largely be inflicted by the inaction of this generation of adults, in what might fairly be described as the greatest intergenerational injustice ever inflicted by one generation of humans upon the next," Bromberg said, according to a report in the Financial Times.

WIDER IMPACT

Australia's federal government said it will study the judgment, and it's likely the implications go well beyond a 10 million-tonnes-per-year coal mine.

The obvious end point of the case is that citizens will be able to sue the government for damages caused by climate change, using the argument that the government was well aware of the risks but still took actions that contributed to increasing carbon emissions.

If the government deems the risk of being sued by its own citizens to be high, it may have to concede that approving more coal will be challenging.

For its part, Whitehaven Coal welcomed the decision not to grant the injunction against its planned mine expansion, and will work to get a final approval from the federal government.

The company also made the curious statement that it foresees a continuing role for what it termed "high-quality coal" in contributing to "global CO2 emissions reduction efforts".

The only way burning coal from Whitehaven's mine could be deemed to be helping reduce emissions is if it were replacing even dirtier, lower-quality coal, or perhaps if the end user was capturing all the emissions and storing them.

There is no evidence to support either assertion and Whitehaven's stance is at odds with a recent paper from the International Energy Agency that called for an end to the funding and development of fossil fuel projects.

The one factor in common in the Dutch and Australian rulings is that for companies and governments the risks of legal actions and being held accountable on climate change-related issues are not only very real, but also increasing.

Environmental activists have finally realised that hitting companies and governments with potentially massive liabilities is a far more effective strategy than having protesters chain themselves to mining equipment or staging similar high-profile but ultimately low-impact demonstrations. (Editing by Tom Hogue)

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to announce that the Supreme Court of Canada has declined to hear the appeal sought by 2538520 Ontario Limited (253) of the decision rendered by the British Columbia Court of Appeal upholding the lower court's decision denying 253's application for leave to commence a derivative action against certain of Eastplat's current and former directors and officers in relation to the agreements entered into with Union Goal Offshore Solution Limited ("Union Goal") underlying Eastplat's Retreatment Project (For further information, see press releases of August 29, 2019 and November 17, 2020). The Company will be seeking recovery from 253 of the costs incurred in responding to 253's unsuccessful petition and appeals.

"We are pleased with the further support this latest decision adds to our decision to proceed with our retreatment project and the agreements with Union Goal," commented Ms. Diana Hu, the Company's Chief Executive Officer. "We look forward to putting this unproductive litigation behind us and focusing our time and resources on our current operations and other opportunities in South Africa," she added.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. Operations at the Crocodile River Mine include the Company's Retreatment Project and the processing and extraction of PGMs.

COVID-19

The alert level in respect of COVID-19 in South Africa was adjusted down to level 1 on March 1, 2021. The Company continues to follow the health guidelines of the Government of South Africa. The Retreatment Project remains in full operation and continues to produce and transport chrome and PGM end products. The effects of COVID-19 are evolving and changing and the consequences of a further increase in the alert level in South Africa, temporary shutdown of any operations or other related issues cannot be reasonably estimated at this time, but could potentially have material adverse effects on the Company's business, operations, liquidity and cashflows.

For further information, please contact:

EASTERN PLATINUM LIMITEDWylie Hui, Chief Financial Officerwhui@eastplats.com (email)(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedar.com.

In particular, this press release contains, without limitation, forward-looking statements pertaining to the Company's retreatment project and PGM extraction, the recovery of litigation costs, actions to be taken in connections with litigation, the potential effects of COVID-19 such as a new lockdown imposed by the Government of South Africa; and any future measures taken by the Government of South Africa and their impact on the Company, and its business, operations, liquidity and cashflows. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in our production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedar.com. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85896

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that it is arranging a non-brokered private placement (the "Private Placement") of up to 3,125,000 units (each a "Unit") at $0.08 per unit to raise up to CAN$250,000. Each Unit will consist of one common share of the Company and one half of a non-transferable common share purchase warrant (each a "Warrant"). Each whole Warrant will be exercisable into one common share in the capital of the Company at an exercise price of $0.12 per share for two years from the date of issue.

The proceeds of the Private Placement will be used for exploration, maintenance of the Shotgun Gold project and for general working capital purposes. All Private Placement securities will be restricted from trading for a period of four months plus one day from the date of closing.

Kirill Klip, Executive Chairman of the Company and a non-arms' length party, will participate in this Private Placement. The issuance of private placement securities to non-arms' length parties constitutes related-party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Because the Company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The Company did not file a material change report 21 days prior to the closing of the private placement as the details of the participation of insiders of the Company had not been confirmed at that time.

This Private Placement will replace the $250,000 private placement announced on February 25, 2021, which the Company has withdrawn. The Private Placement is subject to approval of the TSX Venture Exchange.

ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-five years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company's expertise, resources and industry network, it identified the potential of the Los Azules Copper Project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.

In 2009, TNR founded International Lithium Corp. ("ILC"), a green energy metals company that was made public through the spin-out of TNR's energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company's NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.

TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.

The Company's strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.

At its core, TNR provides significant exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules Copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the Board of Directors,

Kirill Klip
Executive Chairman

www.tnrgoldcorp.com

For further information concerning this news release please contact +1 604-229-8129.

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

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "will", "could" and other similar words, or statements that certain events or conditions "may" or "could" occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR's corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining's and ILC's PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the Company's interim and annual Management's Discussion and Analysis which are available under the Company's profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85819

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

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

Impala Platinum Holdings Ltd. (IMPUY) is a stock many investors are watching right now. IMPUY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 3.68, while its industry has an average P/E of 8.03. IMPUY's Forward P/E has been as high as 8.80 and as low as 2.28, with a median of 4.16, all within the past year.

Investors should also note that IMPUY holds a PEG ratio of 0.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. IMPUY's PEG compares to its industry's average PEG of 0.80. IMPUY's PEG has been as high as 1.11 and as low as 0.07, with a median of 0.11, all within the past year.

Investors should also recognize that IMPUY has a P/B ratio of 2.67. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.34. IMPUY's P/B has been as high as 3.19 and as low as 1.25, with a median of 2.07, over the past year.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Impala Platinum Holdings Ltd. Is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, IMPUY feels like a great value stock at the moment.

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In this article, we discuss the 10 best zinc stocks to buy now. If you want to skip our detailed analysis of these companies, go directly to the 5 Best Zinc Stocks to Buy Now.

Amid the interest around gold, silver, and other precious metals, zinc seems to largely slip under the radar of investors. However, there are several reasons for paying more attention to the fourth-most used metal in the world after iron, aluminum, and copper. Zinc has a diverse range of uses in products like vaccines, auto manufacturing, electronics, production of rubber, and as an agent to prevent the rusting in iron or steel. Zinc prices have exploded over the past decade and could touch close to $3,000 per tonne within the next three years.

Ural Mining and Metallurgical Company, a top zinc producer based in Russia, claims that the demand for the metal is likely to outpace production growth in 2021, narrowing a surplus. In a study of the zinc industry, the Russian firm projects that zinc extraction at existing mines is expected to reach a peak by 2024, and a production deficit will likely follow the peak that will drive up the prices of zinc concentrates in the latter part of this decade. However, zinc products still face an uncertain and volatile post-pandemic market.

Some of the biggest names in the zinc industry that trade publicly on the stock market in the United States include Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM). Teck Resources Limited (NYSE: TECK) stock has soared by over 12%, outperforming the S&P 500, since the firm posted a strong earnings report last month. Meanwhile, Hecla Mining Company (NYSE: HL) has also reported solid earnings for the first three months of 2021, increasing dividend by 50% to $0.03 per share annually.

Hudbay Minerals Inc. (NYSE: HBM) missed earnings and revenue targets set by the market for the first quarter of 2021, but has been making progress on other fronts that are expected to benefit the stock of the company in the long run. On May 18, the firm released the 18th annual sustainability report, underlining that over 50% of the energy consumption of the company in 2020 came from natural resources. The firm also reaffirmed a resolve to positively contribute to the Sustainable Development Goals (SDGs) of the United Nations.

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

Image by Angel Chavez from Pixabay

With this context in mind, here is our list of the 10 best zinc stocks to buy now.

Best Zinc Stocks To Buy Now

10. Silvercorp Metals Inc. (NYSE: SVM)

Number of Hedge Fund Holders: 10

Silvercorp Metals Inc. (NYSE: SVM) is Canada-based precious metals company founded in 1991. It is ranked tenth on our list of 10 best zinc stocks to buy now. Silvercorp stock has offered more than 45% in returns to investors over the course of the past twelve months. The company mainly concentrates on the acquisition, exploration, and development of precious metals in China. Even though it is based in Canada, the firm is the largest silver producer in the Asian country. It also has interests in zinc-related products.

In earnings results for the fourth fiscal quarter, posted on May 20, Silvercorp Metals Inc. (NYSE: SVM) reported earnings per share of $0.04, in line with market estimates. The revenue over the period was over $35 million, up 89% year-on-year.

At the end of the first quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $30 million in Silvercorp Metals Inc. (NYSE: SVM), down from 12 the preceding quarter worth $51 million.

Just like Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM), Silvercorp Metals Inc. (NYSE: SVM) is one of the best zinc stocks to buy now.

9. Orla Mining Ltd. (NYSE: ORLA)

Number of Hedge Fund Holders: 2

Orla Mining Ltd. (NYSE: ORLA) is a Canada-based mining company founded in 2007. It is placed ninth on our list of 10 best zinc stocks to buy now. Orla stock has offered investors returns exceeding 98% in the past year. The company primarily engages in the acquisition, exploration, and development of mineral properties, with interests in metals such as gold, silver, lead, zinc, and copper, among others. It has stakes in mining projects in Mexico and Canada in addition to Canada and the United States.

On May 13, Orla Mining Ltd. (NYSE: ORLA) reported quarterly earnings results, posting earnings per share of -$0.05 and a cash balance of over $31 million for the first three months of 2021.

At the end of the first quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $931,000 in Orla Mining Ltd. (NYSE: ORLA), up from 2 in the previous quarter worth $8.9 million.

Just like Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM), Orla Mining Ltd. (NYSE: ORLA) is one of the best zinc stocks to buy now.

8. Solitario Zinc Corp. (NYSE: XPL)

Number of Hedge Fund Holders: 3

Solitario Zinc Corp. (NYSE: XPL) is a Colorado-based mining company founded in 1984. It is ranked eighth on our list of 10 best zinc stocks to buy now. The company stock has offered more than 115% in returns to investors over the past twelve months. The firm mainly concentrates on the development and exploration of zinc-related projects mostly in North and South America. It has stakes in mining properties in Alaska, Florida, and Peru, among other places in the Americas.

Solitario Zinc Corp. (NYSE: XPL) share price has soared by close to 272% since last year and is an early stage company with a low cash burn. Over the past twelve months, the firm has reported a 62% decrease in cash burn, extending the runway for the firm to get to revenue stages.

At the end of the first quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $1.1 million in Solitario Zinc Corp. (NYSE: XPL), up from 2 in the previous quarter worth $717,000.

7. Carpenter Technology Corporation (NYSE: CRS)

Number of Hedge Fund Holders: 14

Carpenter Technology Corporation (NYSE: CRS) is a Pennsylvania-based company that primarily engages in the steel business. It was founded in 1889 and is placed seventh on our list of 10 best zinc stocks to buy now. Carpenter stock has offered investors more than 105% in returns over the past year. Carpenter Technology Corporation (NYSE: CRS) engages in the development and selling of many metal alloys, as well as zinc-related products. Some of the products it markets include powder metals, stainless steels, alloy steels, and others.

In late April, Carpenter Technology Corporation (NYSE: CRS) posted earnings results for the third fiscal quarter, reporting earnings per share of -$0.54, beating market estimates by $0.03. The revenue over the period was over $350 million.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Carpenter Technology Corporation (NYSE: CRS) with 532,926 shares worth more than $21 million.

6. Wheaton Precious Metals Corp. (NYSE: WPM)

Number of Hedge Fund Holders: 28

Wheaton Precious Metals Corp. (NYSE: WPM) is a Canada-based precious metals company founded in 2004. It is ranked sixth on our list of 10 best zinc stocks to buy now. Wheaton stock has offered investors returns exceeding 34% over the past three months. The company is primarily interested in the development and selling of metals like gold, silver, palladium, and cobalt, among others. It has stakes in over 20 mining projects and is assisting in the development of another seven.

On May 6, Wheaton Precious Metals Corp. (NYSE: WPM) posted earnings results for the first quarter of 2021, reporting earnings per share of $0.35, missing market estimates by $0.02. The revenue over the period was over $320 million, up 27% year-on-year.

At the end of the first quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $439 million in Wheaton Precious Metals Corp. (NYSE: WPM), down from 34 in the previous quarter worth $755 million.

Just like Teck Resources Limited (NYSE: TECK), Hecla Mining Company (NYSE: HL), and Hudbay Minerals Inc. (NYSE: HBM), Wheaton Precious Metals Corp. (NYSE: WPM) is one of the best zinc stocks to buy now.

In its Q2 2020 investor letter, First Eagle Investment Management, an asset management firm, highlighted a few stocks and Wheaton Precious Metals Corp. (NYSE: WPM) was one of them. Here is what the fund said:

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

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Disclosure: None. 10 Best Zinc Stocks To Buy Now is originally published on Insider Monkey.

Fortuna Silver Mines Inc. ("Fortuna" or the "Company") (NYSE: FSM) (TSX: FVI) and Roxgold Inc. ("Roxgold") (TSX: ROXG) (OTCQX: ROGFF) have each filed and commenced mailing the management information circulars and related meeting materials for their respective shareholder meetings to be held on Monday, June 28, 2021 in connection with the proposed business combination between Fortuna and Roxgold announced on April 26, 2021, (the "Transaction"), as well as annual general meeting matters.

To proactively deal with the ongoing public impact of the COVID-19 pandemic, and to mitigate risks to the health and safety of communities, shareholders, employees, directors and other stakeholders, the respective shareholder meetings will be held in a virtual-only format conducted by live audio webcast. Registered Fortuna shareholders and Roxgold shareholders, regardless of their geographic location, will have an equal opportunity to participate in the applicable shareholder meeting.

In connection with the Transaction, and in accordance with the interim order of the Supreme Court of British Columbia granted on May 25, 2021, Roxgold will hold a special meeting of Roxgold shareholders (the "Roxgold Special Meeting") on June 28, 2021 at 9:00 a.m. (Pacific time) to seek approval of the Transaction, the details of which are set forth in Roxgold’s management information circular (the "Roxgold Circular") dated May 26, 2021. The Roxgold Special Meeting will be held in a virtual-only format via live audio webcast at https://web.lumiagm.com/205515857, password "roxgoldspecial2021" (case sensitive). Shareholders will not be able to attend the Roxgold Special Meeting physically. At the Roxgold Special Meeting, registered Roxgold shareholders and duly appointed proxyholders will be able to participate, ask questions and vote in "real time" through the online portal.

Fortuna will hold an annual and special meeting of Fortuna shareholders (the "Fortuna Meeting") on June 28, 2021 at 9:00 a.m. (Pacific time) at which Fortuna shareholders will be asked to approve, among other things, the issuance (the "Share Issuance") of common shares of Fortuna ("Fortuna Shares") in exchange for common shares of Roxgold ("Roxgold Shares"). The details of all matters proposed to be put before the Fortuna shareholders at the Fortuna Meeting are set forth in Fortuna’s management information circular (the "Fortuna Circular") dated May 26, 2021. The Fortuna Meeting will be held in a virtual-only format via live audio webcast at https://web.lumiagm.com/208799817, passcode "fortuna2021" (case sensitive). Shareholders will not be able to attend the Fortuna Meeting physically. Registered Fortuna shareholders and duly appointed proxyholders can attend the Fortuna Meeting online, where they can participate, vote, and submit questions.

Fortuna is also pleased to announce that upon completion of the Transaction, it is anticipated that Kate Harcourt, a current director of Roxgold, will be appointed to the board of directors of the combined company. Ms. Harcourt has indicated her willingness to be appointed as a director at such time and Fortuna looks forward to welcoming her to the board of the combined company.

Under the terms of the Transaction, Fortuna will acquire all the issued and outstanding Roxgold Shares pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). In exchange, Roxgold shareholders will receive 0.283 Fortuna Shares and C$0.001 for each Roxgold Share held. Upon completion of the Transaction, Roxgold will be a wholly-owned subsidiary of Fortuna and existing Fortuna shareholders and former Roxgold shareholders will own approximately 63.6% and 36.4% of the pro forma company, respectively.

Mailing of the Fortuna Circular and the Roxgold Circular and related meeting materials has commenced and shareholders of Fortuna and Roxgold should expect to receive their respective meeting materials shortly. In the meantime, Fortuna’s meeting materials can be downloaded from Fortuna’s website at https://fortunasilver.com/investors/agm-materials/. Roxgold’s meeting materials can be downloaded from Roxgold’s website at www.roxgold.com. In addition, each company’s meeting materials can be accessed from their respective company profile on SEDAR at www.sedar.com.

Board of Directors’ Recommendations

The Transaction has been unanimously approved by the boards of directors of each of Fortuna and Roxgold, following, in the case of Roxgold, the unanimous recommendation of a special committee of independent directors. Both boards of directors unanimously recommend that their respective shareholders vote in favour of (i) the Share Issuance, in the case of the Fortuna Meeting and (ii) the Transaction, in the case of the Roxgold Special Meeting.

In connection with the Transaction, officers and directors of Roxgold collectively holding 3.52% of the total Roxgold Shares have entered into voting support agreements with Fortuna, pursuant to which they have agreed, among other things, to vote their Roxgold Shares in favour of the Transaction. Appian Natural Resources Fund, Roxgold’s largest shareholder which at April 26, 2021 (the date the Transaction was announced), controlled 13.2% of the issued and outstanding Roxgold Shares, has also provided its support in favour of the Transaction. In addition, officers and directors of Fortuna collectively holding 1.6% of the total Fortuna Shares have entered into voting support agreements with Roxgold pursuant to which they have agreed, among other things, to vote their Fortuna Shares in favour of the Share Issuance.

Subject to obtaining shareholder approval to the Share Issuance and the Transaction at the Fortuna Meeting and Roxgold Special Meeting, respectively, and satisfaction of the other conditions to completion of the Transaction, including final approval of the Court, all as more particular described in the Fortuna Circular and the Roxgold Circular, the Transaction is expected to close in early July 2021.

To be effective, the Share Issuance must be approved by a simple majority of the votes cast on such resolution by Fortuna shareholders present (virtually) or represented by proxy at the Fortuna Meeting. In addition, the Transaction must be approved by (i) at least 66 ⅔% of the votes cast on such resolution by the Roxgold shareholders present (virtually) or represented by proxy at the Roxgold Special Meeting; and (ii) a majority of the votes cast by the Roxgold shareholders (virtually) or represented by proxy at the Roxgold Special Meeting, excluding the votes cast by certain persons in accordance with section 8.1(2) of Multilateral Instrument 61‑101 – Protection of Minority Security Holders in Special Transactions.

Strategic Rationale and Transaction Highlights:

In unanimously determining to recommend the Share Issuance and Transaction to shareholders for approval, the boards of directors of each of Fortuna and Roxgold considered a number of factors as described in the Fortuna Circular and Roxgold Circular, including, but not limited to:

Combination of Quality Assets Creates a premier growth-oriented intermediate gold and silver miner, with four producing mines and anticipated annual gold equivalent combined production of approximately 450,000 ounces. ^{1, 2,3}

Highly Complementary and Diversified Portfolio Expanded diversified production, development, and exploration platform: four operating mines supporting a robust free cash flow profile, a permitted development project at the feasibility stage, and an extensive growth pipeline of high-upside exploration assets in West Africa and the Americas.

Organic Growth Potential Construction expected to be launched at the Séguéla Gold Project in the third quarter of 2021; continue the accelerated pace of advanced exploration at the Boussoura Project and on the extensive 250,000-hectare land package in West Africa. Multiple brownfields and greenfields options across the Americas and West Africa.

Geographical Diversification in Mining Jurisdictions Creates a low-cost platform for precious metals production and growth in two premier mining friendly regions.

Bringing Together Two Highly Experienced Management Teams with Track Records of Value Creation in the Americas and in West Africa Fortuna will benefit from the in-region operating experience of key members of Roxgold’s team.

Silver Contribution to Revenue Silver production is expected to be largely in-line with its silver producer peer group. Pro Forma Fortuna will continue to pursue opportunities for the discovery and acquisition of quality silver assets in the Americas.

Strong Balance Sheet Pro Forma Fortuna will benefit from significant free cash flow generation, high EBITDA margins, and a stronger balance sheet with significant liquidity and low debt; ⁴ all of this will contribute towards a lower cost of capital and increased funding capacity for the development at the Séguéla Gold Project and to advance exploration at the Boussoura Project and the larger land package in West Africa.

Fairness Opinions The boards of directors of each of Fortuna and Roxgold, as well as the special committee of Roxgold’s board of directors, have each received fairness opinions from their respective financial advisors.

Notes:

1. Gold equivalent based on the following commodity price assumptions: US$800/oz Au, US$22/0z Ag, US$1,900/t Pb and US$2,300/t Zn.

2. Production profile estimation assumes the successful construction of the Séguéla Gold Project based on the Feasibility Study announced by Roxgold on April 19, 2021.

3. For technical disclosure, as contemplated in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), related to production refer to the following technical reports: Lindero Mine, San Jose Mine, Caylloma Mine, Yaramoko Mine and Séguéla Gold Project.

4. Free cash flow and EBITDA are financial measures with no standardized definition under IFRS. In order to provide the combined business performance of Fortuna on a pro forma, basis, certain non-IFRS financial performance measures, including free cash flow and EBITDA, of each of Roxgold and Fortuna have been combined. For further information regarding non-IFRS measures, please see, in respect of Fortuna, the "Non-GAAP Financial Measures" section of Fortuna’s MD&A dated as of May 7, 2021 and for Roxgold, Note 18 "Non-IFRS Financial Performance Measures" of Roxgold’s MD&A dated March 3, 2021, available under Fortuna’s and Roxgold’s respective profiles on www.sedar.com.

Fortuna Qualified Person

Eric Chapman, Vice President of Technical Services is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of the Province of British Columbia (Registration Number 36328) and a Qualified Person as defined in NI 43-101. Mr. Chapman has reviewed and approved the scientific and technical information pertaining to Fortuna contained in this news release.

Roxgold Qualified Person

Paul Criddle, FAusIMM, Chief Operating Officer for Roxgold Inc., a Qualified Person as defined in NI 43-101, has reviewed, verified and approved the technical disclosure pertaining to Roxgold contained in this news release.

Do Not Delay – Your vote is very important regardless of the number of shares you own.

Whether or not you expect to attend the Roxgold Special Meeting and/or Fortuna Meeting, shareholders are encouraged to vote well in advance of the voting deadlines.

Roxgold Shareholder Vote Deadline:

On Monday, June 28, 2021, Roxgold is separately holding both the Roxgold Special Meeting to approve the Transaction and its annual meeting of shareholders (the "Roxgold Annual Meeting") to approve the election of directors and reappoint PricewaterhouseCoopers LLP as auditor.

The deadline to vote for the Roxgold Special Meeting is 9:00 a.m. (Pacific time) on Thursday, June 24, 2021. Roxgold shareholders eligible to vote at the Roxgold Special Meeting will receive a management information circular accompanied by a yellow form of proxy or voting instruction form. Roxgold shareholders can access the Roxgold Special Meeting materials at https://www.roxgold.com/investors/special-meeting/default.aspx.

The deadline to vote for the Roxgold Annual Meeting is 10:00 a.m. (Pacific time) on Thursday, June 24, 2021. Roxgold shareholders eligible to vote at the Roxgold Annual Meeting will receive a management information circular accompanied by a white form of proxy or voting instruction form. Roxgold shareholders can access the Roxgold Annual Meeting materials at https://www.roxgold.com/investors/annual-general-meeting/default.aspx.

Fortuna Shareholder Vote Deadline:

The Fortuna shareholder deadline to vote is 9:00 a.m. (Pacific time) on Thursday, June 24, 2021. Fortuna shareholders can access meeting materials at https://fortunasilver.com/investors/agm-materials/.

Shareholder Questions:

• Fortuna shareholders with questions or who require voting assistance can contact Laurel Hill Advisory Group toll free at 1-877-452-7184 or by email at assistance@laurelhill.com.

• Roxgold shareholders with questions or who require assistance voting, can contact Roxgold’s strategic shareholder advisor and proxy solicitation agent, Kingsdale Advisors, toll-free in North America at 1-888-518-1563, (1-416-867-2272 for collect call outside North America), or by email at contactus@kingsdaleadvisors.com.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Peru, Mexico, and Argentina. Sustainability is integral to all our operations and relationships. We produce silver and gold and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit Fortuna’s website.

About Roxgold Inc.

Roxgold is a Canadian-based gold mining company with assets located in West Africa. Roxgold owns and operates the high-grade Yaramoko Gold Mine located on the Houndé greenstone belt in Burkina Faso and is also advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking Statements

This news release contains forward-looking statements which constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (collectively, "Forward-looking Statements"). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements.

The Forward-looking Statements in this news release may include, without limitation, statements about the Company and Roxgold’s current expectations, estimates and projections for the pro forma company, the structure of the transaction and the anticipated timing of the respective shareholders meetings and the closing of the Transaction, the anticipated benefits of the Transaction to shareholders and the combined company, including corporate, operational and other synergies, the anticipated growth and exploration opportunities for the combined company, the timing and success of development projects and the combined company’s financial position, including expectations regarding liquidity, expected pro forma financial outlook and other similar statements. Often, but not always, these Forward-looking Statements can be identified by the use of words such as "anticipated", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "planned", "reflecting", "will", "anticipated", "estimated" "containing", "remaining", "to be", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations. Any financial outlook and forward-looking information contained in this news release regarding prospective financial performance or financial position is based on reasonable assumptions about future events, including economic conditions and proposed courses of action based on the assessment by management of each of Fortuna and Roxgold of the relevant information that is currently available. Projected operational information contains forward-looking information and is based on a number of material assumptions and factors, as are set out above. These projections may also be considered to contain future-oriented financial information or a financial outlook.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the ability of the Company and Roxgold to control or predict and which may cause actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such risks, uncertainties and factors include, among others, the completion and timing of the Transaction, the ability of the Company and Roxgold to receive, in a timely manner, the necessary approvals to satisfy the conditions to closing of the Transaction; the ability to complete the Transaction on terms contemplated by the Company and Roxgold, or at all; the ability of the combined company to realize the anticipated benefits of, and synergies and savings from, the Transaction and the timing thereof and other factors referred to under the heading "Risk Factors" in each of the Company’s and Roxgold’s annual information form for the year ended December 31, 2020 located on SEDAR. Although Forward-looking Statements contained in this news release are based upon what each of the Company and Roxgold believe are reasonable assumptions at the time they were made, such statements are made as of the date hereof and the Company and Roxgold disclaim any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210531005303/en/

Contacts

For information about Fortuna Silver Mines Inc.
Carlos Baca
Investor Relations Manager
info@fortunasilver.com

For information about Roxgold Inc.
Graeme Jennings, CFA
Vice President Investor Relations
gjennings@roxgold.com

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces the Board of Directors have granted 73,500 incentive stock options ("Options") to Erick Underwood at an exercise price of $4.37 per share for a term of 5 years. The Options will vest and be exercisable on the basis of 25% annually, commencing May 31, 2022, the first anniversary of the date of the grant.

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with over 18 million ounces of gold and over 500 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at (604) 731-1094 or at invest@chesapeakegold.com.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85842

TORONTO, May 31, 2021 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX:DPM) (“DPM”) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”) with INV Metals Inc. (“INV Metals”) whereby DPM will acquire all of the issued and outstanding shares of INV Metals that DPM does not currently own pursuant to a court-approved plan of arrangement (the “Transaction”). DPM currently owns 35,344,424 common shares of INV Metals, or approximately 23.5% of outstanding INV Metals common shares.

Highlights of the Transaction

• Under the terms of the Transaction, each of the issued and outstanding common shares of INV Metals that DPM does not currently own will be exchanged for 0.0910 of a DPM common share.

• The Transaction has strong shareholder support, with management and directors of INV Metals and IAMGOLD Corporation (“IAMGOLD”) entering into voting support agreements representing, in aggregate, approximately 47% of the outstanding common shares of INV Metals.

• The exchange ratio implies consideration of C$0.80 per INV Metals common share based on the preceding 5-day volume-weighted average price (“VWAP”) of DPM on the Toronto Stock Exchange (“TSX”) for the period ending May 28, 2021. This represents a 63% premium to the closing price of INV Metals common shares on the TSX on May 28, 2021.

• The implied equity value of the Transaction on a 100% and fully-diluted basis is equal to approximately C$132 million and C$104 million for the portion not owned by DPM.

• Upon completion of the Transaction, existing DPM and INV Metals shareholders will own approximately 94.5% and 5.5% of the pro forma company, respectively.

Strategic Rationale for DPM

• The Loma Larga gold-copper-silver project (“Loma Larga” or “the Project”) is well-aligned with DPM’s core strengths and unique capabilities to unlock value:

  • Similar geology, mining method and processing flow sheet to DPM’s Chelopech underground copper-gold mine, which DPM has developed into a world-class, modern operation;

  • The Project will benefit from additional engagement with local stakeholders as was also the case in the initial stages of development for Ada Tepe, which is now a highly successful DPM operation that enjoys strong support from local communities; and

  • A portion of the production includes complex concentrate, which can be processed at DPM’s Tsumeb smelter or other outlets.

• Adds high-quality growth asset to DPM’s portfolio: Loma Larga has the potential to produce an annual average of approximately 200,000 gold ounces (“Au oz.”) in its first five years. Life of mine production is estimated to be approximately 170,000 Au oz. per year at an attractive all-in sustaining cost, net of by-products (“AISC”), of approximately US$630/oz.¹, which continues to support DPM’s peer-leading cost profile.

• Strong reserve base and economic profile: Loma Larga adds approximately 2.6 million Au eq. oz. of high-grade mineral reserves for an initial 12-year mine life with compelling economic returns.¹

• Attractive valuation metrics: Transaction is expected to be accretive to DPM shareholders on a reserves and net asset value per share basis.

• Strong upside potential: DPM intends to explore further optimization studies at Loma Larga while continuing to advance the permitting process.

• Disciplined approach to project development: Ability to minimize up front spend during the permitting process while engaging with local communities in line with international best practices. As well, DPM will work to secure an investor protection agreement with the Ecuadorian government prior to making any significant capital commitments.

• Maintains DPM’s financial flexibility: Transaction size preserves DPM’s strong balance sheet and its ability to pursue additional growth opportunities, while also continuing to return capital to shareholders.

“This transaction leverages our proven strengths as an environmentally and socially responsible mining company, and we look forward to engaging with all national and local stakeholders,” said David Rae, Dundee Precious Metals’ President and Chief Executive Officer. “Loma Larga adds a high-quality, advanced stage gold project to our portfolio that has the potential to generate meaningful production growth and significant value for our stakeholders.”

“Our approach to advancing Loma Larga will benefit from our firm commitment to the highest standards for engagement with local communities and environmental stewardship, in addition to our development and operating experience to further unlock the significant potential of the project.”

Candace MacGibbon, Chief Executive Officer of INV Metals, said, “We are very pleased to announce this transaction today following many years of hard work and dedication from the INV Metals team. We believe DPM is uniquely positioned to move Loma Larga forward, and as such, this transaction is not only an excellent outcome for our shareholders, but also one with the potential to offer tremendous benefits for both the project’s national and local stakeholders in the coming years.”

Transaction Summary

The Transaction will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario), requiring the approval of: (i) at least 66 2/3% of the votes cast by the shareholders of INV Metals; and (ii) a simple majority of the votes cast by holders of INV Metals excluding for this purpose the votes attached to INV Metals common shares held by DPM and any other person as required under Multilateral Instrument 61-101 “Protection of Minority Security Holders in Special Transactions”, at a special meeting of INV Metals’ shareholders called to consider, among other matters, the Transaction.

IAMGOLD, along with the directors and officers of INV Metals, holding 36% and 11%, respectively, of the issued and outstanding common shares of INV Metals, have entered into voting support agreements with DPM, pursuant to which they have agreed, among other things, to vote their INV Metals shares in favour of the Transaction. Together with the shares already owned or held by DPM, this represents approximately 70% of INV Metals issued and outstanding shares that will be voted in support of the Transaction.

In addition to shareholder and court approvals, the Transaction is subject to applicable regulatory approvals including, but not limited to, TSX approval and the satisfaction of certain other closing conditions customary in transactions of this nature. The Arrangement Agreement contains customary provisions including non-solicitation, “fiduciary out” and “right to match” provisions, as well as a C$4.53 million termination fee payable to DPM under certain circumstances. The Arrangement Agreement, which describes the full particulars of the Arrangement, will be made available on SEDAR under the issuer profiles of DPM and INV Metals at www.sedar.com.

Full details of the Transaction will be included in the INV Metals management information circular which is expected to be mailed to shareholders in June 2021 and made available on SEDAR under the issuer profile of INV Metals at www.sedar.com. The shareholder meeting is expected to be held in July 2021 and the Transaction is expected to close shortly thereafter.

Board of Directors’ and Special Committee Recommendations

The Arrangement Agreement has been unanimously approved by the Boards of Directors of DPM and INV Metals, excluding David Rae, President & CEO of DPM, who abstained from voting on the Transaction in each case as he is also a director of INV Metals. INV Metals’ Board of Directors and the special committee of the Board of Directors (the “INV Metals Special Committee”) unanimously recommend that INV Metals shareholders vote in favour of the Transaction.

BMO Capital Markets has provided a fairness opinion to the Board of Directors of INV Metals and Trinity Advisors Corporation has provided a fairness opinion to the INV Metals Special Committee, each stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be paid under the Transaction is fair, from a financial point of view, to INV Metals shareholders, other than DPM.

The INV Metals Special Committee also engaged Segal Valuation & Transaction Advisory LLP (“Segal”) as an independent valuator to prepare a formal valuation of the INV Metals common shares pursuant to MI 61-101. The INV Metals Special Committee received the formal valuation from Segal, which concluded that, subject to the scope of review, assumptions, limitations and qualifications set forth therein, as of May 30, 2021, the consideration to be paid under the Transaction is within the valuation range determined by Segal.

Advisors and Counsel

RBC Capital Markets is acting as financial adviser to DPM and Stikeman Elliott LLP and Flor & Hurtado are acting as DPM’s legal advisers.

BMO Capital Markets is acting as financial adviser to INV Metals in connection with the Transaction. INV Metals’ Special Committee engaged Trinity Advisors Corporation to provide an independent fairness opinion. Cassels Brock & Blackwell LLP is acting as INV Metals’ legal adviser.

Conference Call and Webcast Information

DPM will hold a conference call and webcast to discuss the Transaction, which will be held on Monday, May 31 at 8:30 AM EDT, followed by, followed by a question-and-answer session. The call-in numbers and webcast details are as follows:

About Dundee Precious Metals

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia and Serbia. The Company’s purpose is to unlock resources and generate value to thrive and grow together. This overall purpose is supported by a foundation of core values, which guides how the Company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its stakeholders. DPM currently has an A rating from MSCI ESG Ratings, an independent ESG rating agency. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. More particularly and without limitation, this press release contains forward-looking statements and information regarding the anticipated benefits of the proposed Transaction, and the anticipated timing of the completion of the Transaction. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the risk factor disclosure contained in the filings made by DPM and INV Metals with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.

In respect of forward-looking statements and information concerning the anticipated benefits and timing of the completion of the proposed Transaction, each of DPM and IMV Metals have provided such statements and information in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary court and shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions for the completion of the Transaction, and other expectations and assumptions concerning the proposed Transaction. The anticipated dates indicated may change for a number of reasons, including the necessary court and shareholder approvals or the necessity to extend the time limits for satisfying the other conditions for the completion of the proposed Transaction. Although DPM and INV Metals each believe that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to each management as of the date hereof, it can give no assurance that these expectations will prove to have been correct, that the proposed Transaction will be completed or that it will be completed on the terms and conditions contemplated in this press release.

Risks and uncertainties inherent in the nature of the proposed Transaction include, without limitation, the failure of the parties to obtain the necessary shareholder and court approvals or to otherwise satisfy the conditions for the completion of the Transaction; failure of the parties to obtain such approvals or satisfy such conditions in a timely manner; significant transaction costs or unknown liabilities; the failure to realize the expected benefits of the Transaction; and general economic conditions. Failure to obtain the necessary shareholder and court approvals, or the failure of the parties to otherwise satisfy the conditions for the completion of the Transaction or to complete the Transaction, may result in the Transaction not being completed on the proposed terms or at all. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, DPM and INV Metals each disclaim any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

DPM Qualified Person

All scientific and technical information in this news release with respect to DPM and its assets were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and were reviewed and approved by Ross Overall, Corporate Mineral Resource Manager of DPM, who is a qualified person as defined under NI 43-101, and not independent of the Company.

INV Metals Qualified Person

All scientific and technical information in this news release with respect to INV Metals and its assets were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101 and were reviewed and approved by Bill Shaver, P. Eng, a mining engineer and Chief Operating Officer of INV Metals, who is the qualified person for the purpose of NI 43-101.

Non-IFRS Measures

The information in this news release includes the following non-IFRS financial measure: all-in sustaining costs (AISC). These financial measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. Management of DPM and INV Metals believe that the use of these non-IFRS measures will assist analysts, investors and other stakeholders of the companies in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing the companies’ operating performance, the combined company’s ability to generate free cash flow from current operations and to generate free cash flow on an overall company basis, and for planning and forecasting of future periods. However, AISC does have limitations as an analytical tool as it may be influenced by the point in the life cycle of a specific mine and the level of additional exploration or expenditures a company has to make to fully develop its properties. Accordingly, these non-IFRS measures should not be considered in isolation, or as a substitute for, analysis of the companies; results as reported under IFRS. A reconciliation of the non-IFRS measures presented in this news release is contained in DPM's most recently filed annual MD&A, which is available on SEDAR at www.sedar.com.

Additional Information

Additional information about DPM and INV Metals can be found under their respective corporate profiles on SEDAR at www.sedar.com, or respective websites at www.dundeeprecious.com and www.invmetals.com, or by contacting the contacts above.

¹ For more information refer to the technical report “NI 43-101 Feasibility Study Technical Report, Loma Larga Project, Azuay Province, Ecuador” dated April 8, 2020, available at www.sedar.com

Kirkland Lake, Ontario–(Newsfile Corp. – May 31, 2021) – RJK Explorations Ltd. (TSXV: RJX.A) (OTC: RJKAF) ("RJK" or "the Company") is halfway through a minimum 10-hole drill program to follow up on its original diamondiferous Kon Kimberlite sill discovery, originally announced February 5, 2020. The objective is to establish the source feeder location, create a 3D model, and correlate the different kimberlite layers to optimize the microdiamond sampling by discrete phases. As of May 31, 2021, five drill holes have been completed with correlatable phases recognized between holes. A brief description of the geological logging follows:

KON-21-01: This diagonal hole was planned to extend the KON kimberlite structure northward into the magnetic high, rimming the main kimberlite discovery. The drill hole advanced through 6.5 m of glacial till, then intersected Huronian conglomerate from 6.5m to 18.5m, then mafic syenite to 32.5m followed by 3 interbedded phases of volcaniclastic kimberlite breccia and hypabyssal kimberlite from 32.5 m to 72.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 72.1 m to 101.2 m.

KON-21-02: This diagonal hole was planned to extend the KON kimberlite structure northwest into the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 7.1 m of glacial tills then followed by 3 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 7.1 m to 42.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 42.1 m to 116.9 m.

KON-21-03: This diagonal hole was planned to test a N/S trending magnetic low cross-cutting the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 7.0 m of glacial tills then followed by a mafic syenite package from 7.0m to 130m. A silicified, pyritized alteration zone was intersected from 110m to 130m explaining the magnetic low target. Gold assays are pending from the silicified alteration zone.

KON-21-04: This vertical hole was planned to test the center of the KON kimberlite structure. The drill hole advanced through 5.8 m of glacial tills, then intersected 6 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 5.8 m to 120.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 120.1 m to 143.2 m.

KON-21-05: This diagonal hole was planned to extend the KON kimberlite structure eastward into the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 16.5 m of glacial tills, then mafic syenite to 94.7 m, followed by 5 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 94.7 m to 250 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 250 m to 253 m.

KON-21-06 is currently being drilled from the southern magnetic high rim of the anomaly due north.

Diamond results from Kon were announced July 21, 2020, which included 7 natural microdiamonds, varying in colour, from clear to white. They were recovered from the 277 kg (611 lb) drill core sample, from 5 different kimberlite phases, which could represent separate eruptions. Three of the diamonds were chips with a greenish tinge and the other four are white diamond chips and macles. The chips are generally flat with one being triangular shaped, possibly a broken fragment from a larger stone. There were no inclusions in the diamonds recovered.

Exploratory Drilling

Earlier drilling in Lorrain Township in March and April intersected mineralization that has been sent for assay. Detailed logging indicates pyritic mineralization in several intervals from holes NL-21-02, PL-21-02 and GLH-21-01 which will be analysed for gold. Assays are pending. These drill test holes followed sampling done in 2012 by Hubacheck and Associates, which outlined gold in a basal till dispersion train to the south west of Paradis Pond. Two samples reported 22 and 11 gold grains with up to 6 pristine gold grains, indicating a likely source closeby. A magnetic high alteration zone target, south of Nicol Lake, hosted in Lorrain Granite and up-ice of the anomalous gold grains, was drill tested. Interpreted fault trends bounding this target area were also drill tested.

Kimberlite Processing Update

RJK has utilized two kimberlite labs over the past 6 months to process a total of 12,222.5 kg of kimberlite from 7 anomalies in Lorraine township. A mixture of diamond drill core, reverse circulation cuttings and surface excavation were sampled and the final results from all three methods are expected by the end of June 2021.

Peter Hubacheck comments, "In 17 months, RJK has discovered 8 new kimberlites in the Historic Cobalt Mining Camp, including a unique type of unconsolidated, near-surface kimberlite in 7 locations, previously not found in the Temiskaming Structural Rift Zone. To date, we have preliminary results on 2 of the 8 kimberlites, analysed for diamonds and indicator mineral chemistry. Detailed logging of diamond drill core and reverse circulation drill chips indicate possibly recent kimberlite eruptions occurring during the waning stages of the Quaternary Ice Age in Lorrain Township. We require the reports from the ongoing lab analysis to determine the diamond potential of the discoveries, and to plan future bulk sampling programs."

Mr. Peter Hubacheck, P. Geo., Project Manager for RJK and the Qualified Person as defined by National Instrument 43-101 has approved the technical disclosure in this release.

Contact Information

Glenn Kasner, President and CEO
Mobile: (705) 568-7567
info@rjkexplorations.com

Web Site: https://www.rjkexplorations.com/
Company Information: Tel: (705) 568-7445

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

Forward-Looking Information

This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning future mineral exploration and property option payments. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "will", "anticipate", "believe", "plan", "estimate", "expect", "intend", "propose" and similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to, the financial resources of the Corporation being inadequate to carry out its stated plans. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85863

VANCOUVER, BC, May 31, 2021 /PRNewswire/ – Uranium Royalty Corp. (TSXV: URC) (NASDAQ: UROY) ("URC" or the "Company") announced today the grant of incentive stock options to purchase 725,000 common shares of the Company (the "Options") to certain directors, officers, employees and consultants of the Company pursuant to the Company's long term incentive plan (the "Plan"), which included 450,000 Options issued to directors and officers of the Company. The Options have an exercise price of $3.49 per share, representing the market price for the common shares on May 28, 2021, and are valid for a period of five years. The Options vest over a period of eighteen months.

The Company further announces that it has entered into a digital marketing agreement with Wallace Hill Partners Ltd. ("WHP"), an independent company that provides digital marketing services to public companies. The engagement has a 12-month term and may be terminated by the Company at any time. Pursuant to the agreement, the Company will pay $100,000 to WHP in consideration for the services provided thereunder, including, among other things, online marketing and publishing services through internal and third-party advertisers, to further increase the Company's profile. In addition to the Option grants to directors, officers, employees and consultants set forth above, the Company has granted Options to purchase 150,000 common shares of the Company to WHP. Such Options have an exercise price of $3.49 per share and are valid for a period of two years. The options vest incrementally over a 12-month period.

About Uranium Royalty Corp.

Uranium Royalty Corp. (URC) is a pure-play uranium royalty company focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, as well as through holdings of physical uranium.

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

View original content:http://www.prnewswire.com/news-releases/uranium-royalty-corp-grants-incentive-stock-options-301302439.html

SOURCE Uranium Royalty Corp.

Virtual Investor Day IV – June 8-10, 2021
Featuring 24 Premier Companies
Sponsored by Laurentian Bank Securities

Toronto, Ontario–(Newsfile Corp. – May 31, 2021) – IR.INC Capital Markets & Advisory Services ("IR.INC") and Follow the Money Investor Group ("FTMIG") along with major sponsor Laurentian Bank Securities, are pleased to welcome Mr. Pierre Lassonde, Chairman and CEO of Firelight Investments, as a Featured Keynote Speaker at Virtual Investor Day IV ("VID IV"), to be held June 8, 9, 10, 2021.

Mr. Lassonde, a well-known Mining Industry Leader, is a co-founder of Franco-Nevada and was elected as Chair Emeritus of Franco Nevada in 2020. He served as Chairman of the World Gold Council from 2005 to 2009 and was inducted into the Mining Hall of Fame in 2013. Mr. Lassonde is a member of the Order of Canada and Grand Officer of the National Order of Québec.

IR.INC and FTMIG invite you to join us for a three-day lineup of 24 premier presenting companies who will share their latest updates on assets and strategies along with key industry thought leaders who will discuss their overall views on commodities, the markets and their expectations.

Please find out more and register for VID IV, by clicking the link:

https://www.bigmarker.com/series/virtual-investor-day-iv/series_summit

About VID Virtual Series Conferences^TM

VID provides a unique and completely interactive platform for feature companies and participants. Feature companies will have 30 minutes to outline their investment opportunity, while stakeholders and the audience will be invited to engage via live commentary, direct Q&A with management, polls and other interactive tools during each presentation.

About IR.INC

IR.INC Capital Markets Advisory & Services works with its clients to develop and deploy strategic plans and build industry alliances while providing shareholder introductions and solutions. The Company also provides a number of traditional Investor Relations Services. You can find out more about IR.INC here www.irinc.ca

About FTMIG

Follow the Money Investor Group is a financial portal that provides content and information needed to navigate the ever-changing capital markets. Our global community of visitors and investors are able to use our platform to discuss and collaborate daily on all facets of their current

and potential investments. Our goal is to help retail investors make the right financial decisions that fit their individual needs. You can find out more about FTMIG here www.ftmig.com.

About Laurentian Bank Securities

Laurentian Bank Securities expanded its product offering in May 2006 with the inception of an Equities division focusing on Canadian-listed companies, with a full-service offering including research, sales, trading and investment banking. This strategic initiative compliments Laurentian Bank Securities' highly-regarded Fixed Income division and sits as a cornerstone for the firm's long-term growth strategy.

Our mission consists of sourcing investment ideas that will generate higher returns for our clients. We remain true to Laurentian Bank's culture, putting clients first and encouraging independent thinking. Our expertise focuses on the analysis of companies with an emphasis on identifying emerging investment trends and the underlying companies that offer sustainable growth, attractive risk-adjusted valuations and which are led by strong, driven management teams.

Timely and insightful research remains the primary driver for the group, along with providing value-added service to both our corporate and institutional clients. We currently cover six sectors considered to be of high importance and an integral part of the Canadian economic engine. Presently, the sectors covered are: Base and Precious Metals, Industrials & Transportation, Utilities, Diversified Technology, REITS and Special Situations.

Disclaimer

Follow the Money Investor ("FTMIG") is an online investor community that connects investors and public companies. Both FTMIG and IR.INC are not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies.

Both FTMIG and IR.INC and their affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this conference. Please seek professional advice to evaluate specific securities or other content discussed during this event. Links, if any, to third party sites are for informational purposes only, and not for trading purposes. FTMIG and IR.INC. and their affiliates have not prepared, reviewed or updated any content on third party sites and assume no responsibility for the information posted on them.

For further information, please contact:

Joanne Jobin, Principal
IR.INC | Capital Markets Advisory & Services
jjobin@irinc.ca
www.irinc.ca

Karl Boyd, President
Follow the Money Investor Group
kboyd@ftmig.com
www.ftmig.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85886

Teck Resources Ltd TECK is poised to gain from its cost-reduction initiatives, solid project pipelines and an innovation-driven efficiency program. Improvement in metals and crude prices will also drive growth. However, uncertainties related to the extent and impact of the coronavirus pandemic on demand as well as on commodity prices, suppliers and global financial markets are concerns.

Teck currently carries a Zacks Rank #3 (Hold). It has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3, offer the best investment opportunities for investors. You can see the complete list of today’s Zacks #1 Rank stocks here.

Q1 Earnings Top Estimates: Teck reported adjusted earnings of 48 cents per share in the March-end quarter, beating the Zacks Consensus Estimate of 43 cents. The bottom line also improved from the prior-year quarter’s earnings of 13 cents per share, driven by higher prices of its principal products, most significantly copper, zinc and blended bitumen.

The company has a trailing four-quarter average earnings surprise of 133.6%.

Underpriced: Looking at Teck’s price-to-earnings ratio, its shares are underpriced at the current level, which seems attractive for investors. The company has a trailing P/E ratio of 21.9, which is lower than the industry average of 45.9.

Positive Earnings Estimates: Teck’s earnings estimate for the current year is currently pegged at $2.08 per share, suggesting a year-over-year surge of 166.7%.

Price Performance

Teck’s shares have appreciated 157.7% over the past year, outperforming the industry’s growth of 59.4%.

Image Source: Zacks Investment Research

Growth Drivers in Place

Teck is poised to gain from the Neptune Bulk Terminals facility upgrade project, which is now in the commissioning phase and ramp-up will continue as planned. The project will strengthen the steelmaking coal-supply chain, and meet the long-term requirements of customers for consistent, high-quality products. The first steelmaking coal production through this upgraded facility is anticipated in the current quarter. The company projects steelmaking coal production between 25.5 million tons and 26.5 million tons in 2021.

Demand for steelmaking coal continues to recover from the impact of the pandemic. The company targets 7.5 million tons steelmaking coal sales to China in 2021, in a bid to capitalize on the increase in demand due to restrictions on Australian coal imports.

Construction activities at the QB2 copper project surpassed the half-way point in April. The first production from this project is targeted for second-quarter 2022. Once completed, QB2 will transform the company’s copper business, making it a major global copper producer. Copper production from Highland Valley Copper and Antamina mine continues to be higher in the ongoing quarter as a result of higher copper grades. Copper production for 2021 is expected in the range of 275,000 to 290,000 tons. The company produced 275.7 tons of copper in 2020.

The refined copper market improved during the first quarter, with higher copper prices through the quarter. The recovery in copper price is the result of Chinese government stimulus measures, increased infrastructure spending and improved manufacturing activities in China. Apart from this, zinc and crude oil prices continue to strengthen, supported by improved global demand.

Teck has implemented a cost-reduction program to lower its operating costs, and deferred some of the planned capital projects in a bid to counter the uncertain economic conditions. Moreover, Teck continues to implement its innovation-driven efficiency program — RACE21 — that is expected to boost productivity across the business.

Few Headwinds to Counter

Teck’s current-year guidance reflects uncertainties related to the extent and impact of the pandemic on demand as well as on commodity prices, suppliers and global financial markets. The company’s QB2 project will be likely be unfavorably impacted due to worsening of the COVID-19 situation in Chile.

Moreover, copper production from Andacollo mine and Quebrada Blanca might be lower this year due to lower copper grades. Zinc production is also projected to be bleak due to maintenance and water-related challenges in 2020.

Bottom Line

Investors might want to hold on to the stock, at present, as it has ample prospects for outperforming peers in the near future.

Stocks to Consider

Better-ranked stocks in the basic materials space include ArcelorMittal MT, Cabot Corporation CBT and Dow Inc. DOW. All of these stocks flaunt a Zacks Rank #1, currently.

ArcelorMittal has a projected earnings growth rate of 984.7% for the current fiscal year. The company’s shares have soared nearly 179% in the past year.

Cabot has an expected earnings growth rate of 125.9% for the current fiscal year. The company’s shares have rallied around 79.4% over the past year.

Dow has an estimated earnings growth rate of 261.6% for the current fiscal year. The company’s shares have gained roughly 75% in a year’s time.

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Not for distribution to U.S. Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / May 31, 2021 / Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") is pleased to announce the second closing of a non-brokered private placement offering of up to 3,750,000 working capital units (the "WC Units") of the Company at a price of $0.08 per WC Unit for up to $300,000 (the "Offering"). See Bold press release dated May 13, 2021.

The second tranche consists of 1,250,000 WC Units for proceeds totalling $100,000. The Company paid commission equal to $7,000 cash and 87,500 Broker Warrants to qualified finders in connection with the Offering. Each Broker Warrant is comprised of a unit consisting of a share and one-half (0.5) warrant. A full warrant and 15 cents will acquire an additional common share for a period of two (2) years from the date of closing. The securities issued are subject to a hold period expiring on September 29, 2021. The Offering is being extended with an anticipated closing date of June 8, 2021.

The Offering
Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one-half (0.5) of a common share purchase warrant with each full warrant (a "WC Warrant") entitling the holder to acquire one (1) common share at a price of $0.15 until two (2) years following the closing of the Offering. The proceeds from the Offering will be used for general working capital, property acquisition, exploration and expenses of the offering.

In connection with the WC Offering, the Company may pay a finder's fee to qualified finders in consideration for their assistance with the Offering. The finder's fees may be payable in cash and/or securities of Bold at the discretion of the Company and in accordance with the rules of the TSXV.

All securities to be issued pursuant to the Offering are subject to a statutory four (4) month and one (1) day hold period and regulatory approval.

Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.

For additional information contact 416-864-1456 or email: info@boldventuresinc.com.

About Bold Ventures Inc.
The Company explores for Gold and Base Metals in Canada. Bold is exploring properties located within active gold camps of Northern Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit www.boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

"David B Graham"
David Graham
President and CEO

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Bold Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/649762/Bold-Ventures-Announces-Second-Closing-of-Non-Brokered-Private-Placement

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in EROAD's (NZSE:ERD) returns on capital, so let's have a look.

Return On Capital Employed (ROCE): What is it?

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for EROAD:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.05 = NZ$7.0m ÷ (NZ$172m – NZ$32m) (Based on the trailing twelve months to March 2021).

Therefore, EROAD has an ROCE of 5.0%. Ultimately, that's a low return and it under-performs the Electronic industry average of 30%.

See our latest analysis for EROAD

Above you can see how the current ROCE for EROAD compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free report for EROAD.

What Can We Tell From EROAD's ROCE Trend?

EROAD has recently broken into profitability so their prior investments seem to be paying off. About five years ago the company was generating losses but things have turned around because it's now earning 5.0% on its capital. Not only that, but the company is utilizing 166% more capital than before, but that's to be expected from a company trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.

In Conclusion…

Long story short, we're delighted to see that EROAD's reinvestment activities have paid off and the company is now profitable. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.

On a final note, we've found 3 warning signs for EROAD that we think you should be aware of.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

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.

Even if it's not a huge purchase, we think it was good to see that Paul Cholakos, the Independent Non-Executive Director of Carpentaria Resources Limited (ASX:CAP) recently shelled out AU$63k to buy stock, at AU$0.10 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 42%.

See our latest analysis for Carpentaria Resources

Carpentaria Resources Insider Transactions Over The Last Year

Notably, that recent purchase by Paul Cholakos is the biggest insider purchase of Carpentaria Resources shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (AU$0.15), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Paul Cholakos bought a total of 2.04m shares over the year at an average price of AU$0.057. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Insider Ownership of Carpentaria Resources

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Carpentaria Resources insiders own about AU$4.9m worth of shares (which is 8.1% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Carpentaria Resources Insiders?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Carpentaria Resources stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Carpentaria Resources is showing 5 warning signs in our investment analysis, and 1 of those is potentially serious…

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

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

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

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

We can readily understand why investors are attracted to unprofitable companies. By way of example, Arafura Resources (ASX:ARU) has seen its share price rise 112% over the last year, delighting many shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So notwithstanding the buoyant share price, we think it's well worth asking whether Arafura Resources' cash burn is too risky. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for Arafura Resources

How Long Is Arafura Resources' Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at December 2020, Arafura Resources had cash of AU$16m and no debt. Looking at the last year, the company burnt through AU$14m. That means it had a cash runway of around 14 months as of December 2020. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. Depicted below, you can see how its cash holdings have changed over time.

How Is Arafura Resources' Cash Burn Changing Over Time?

Arafura 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 15%, 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. Arafura 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 Arafura Resources To Raise More Cash For Growth?

Given its cash burn trajectory, Arafura Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of AU$187m, Arafura Resources' AU$14m in cash burn equates to about 7.3% 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.

Is Arafura Resources' Cash Burn A Worry?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Arafura Resources' cash burn relative to its market cap was relatively promising. While we're the kind of investors who are always a bit concerned about the risks involved with cash burning companies, the metrics we have discussed in this article leave us relatively comfortable about Arafura Resources' situation. On another note, we conducted an in-depth investigation of the company, and identified 3 warning signs for Arafura Resources (1 is a bit concerning!) that you should be aware of before investing here.

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.

Vancouver, British Columbia–(Newsfile Corp. – May 28, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the Company") is pleased to announce that it has executed a drilling contract with Hydro Tech Drilling & Exploration (Z) LTD ("Hydro Tech") to undertake exploration and resource delineation drilling programs focused at the Company's Mutanga Uranium Project, in Zambia (the "Project").

"With the reissued Chirundu Mining Permit we are keen to get back to advancing our Zambian assets with the development of Mutanga. The Project benefits from very simple and straight forward operations due to low-waste stripping, low acid consumption and potentially one of the lowest capital expenditure requirements of its African peers needed to get into production. The mine plan currently forecasts an 11-year mine life and the drill targets identified through trenching, in known uranium intersections, indicate potential for resource extension making this a potential long-life project. Furthermore, considerable metallurgical test work has already been undertaken to a pre-feasibility study standard, providing considerable confidence on the process route considered." stated Daniel Major, Chief Executive Officer.

GoviEx has planned a 8,000 metre down-hole percussion drilling program, focussed on the Dibwe East deposit and new areas defined by previous trench sampling east of Dibwe East. The objectives of the program are:

1. To upgrade the mineral resource associated with the Dibwe East deposit from an Inferred to an Indicated category, allowing its inclusion in a Feasibility Study. Drilling will be carried out based on a 100 m x 50 m grid to an average depth of 110 metre. The Dibwe East deposit currently contains 43.1 Mt of ore at an average grade of 304 ppm U3O8 for 28.9 Mlb U3O8.

1. To undertake exploration drilling on three trenches on strike and to the east of Dibwe East, which have previously shown anomalous uranium.

Hydro Tech is a Zambian based drilling company that specialises in groundwater and exploration drilling and has been operating for seven years. Terratec Geophysical Services Namibia will provide down-hole logging services including, calibrated gamma log, used to estimate the uranium grade, hole deviation and conductivity log, to interpret the geology.

Image 1 – Dibwe East – 2121 Proposed Drilling

To view an enhanced version of Image 1, please visit:
https://orders.newsfilecorp.com/files/5017/85640_fc42e9f7146c6b3a_001full.jpg

In addition, the Company will start the installation of water points in the nearby village of Hachibozu, which will include: drilling a water well, installation of a wind pump and a water tank. This is part of the Company's CSR program and aims to help facilitate access to water within the village.

In 2017, the Company filed the "NI 43-101 Technical Report on a Preliminary Economic Assessment of the Mutanga Uranium Project in Zambia", dated November 30, 2017 (the "PEA"). The PEA was prepared by Qualified Persons from SRK Consulting (UK) Limited.

Highlights of the PEA include the following:

• The Project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life, with an 88% ultimate uranium recovery rate.

• Key benefits of the Project are the low stripping ratio (3.4:1) and low sulfuric acid consumption (3-9 kg/tonne ore).

• Initial capital costs are estimated at US$ 123 million, with estimated cash operating costs of US$ 31.1/lb U3O8, excluding royalties. Total life-of-mine costs are forecast at US$ 37.9/lb U3O8.

• The PEA is based on Measured and Indicated Mineral Resources of 15 million pounds (Mlb) U3O8 and 45 Mlb of Inferred Mineral Resources.

• At a long-term uranium price of US$ 58/lb U3O8, the base case project economics for this Project are positive, and indicate an after-tax net present value of US$ 112 million (at 8% discount rate) with an internal rate of return (IRR) of 25% and total life-of-mine net free cash of US$ 268 million.

The PEA is considered preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves have not yet demonstrated economic viability. Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all, or any part of an Inferred Mineral Resource, will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration or Mineral Reserves once economic considerations are applied; therefore, there is no certainty that the production profile concluded in the PEA will be realized.

Qualified Persons

The scientific and technical information in this release has been reviewed and approved by
Dr. Rob Bowell, a chartered chemist of the Royal Society of Chemistry, a chartered geologist of the Geological Society of London, and a Fellow of the Institute of Mining, Metallurgy and Materials, who is an independent Qualified Person under the terms of NI 43-101 for uranium deposits. Dr. Bowell has verified the data disclosed in this news release.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

About GoviEx Uranium

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Information Contacts

Govind Friedland, Executive Chairman
Daniel Major, Chief Executive Officer
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.

Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking statements include those related to any plans for the further exploration and development of the Project; anticipated low capital expenditure requirements among its African peers needed to get into production; potential for resource extension leading to a potential long-life Project; the stated objectives of the drill program; and the proposed installation of water points in the nearby village of Hachibozu.

Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that the Company will be successful in its exploration and development plans for the Project; (ii) that projected low capital expenditures for the Project will remain unchanged or improve; (iii) that the drill program will be completed as planned and meet its objectives; (iv) that the Company will be able to complete its planned CSR work as planned and (v) that the price of uranium will remain sufficiently high and the costs of advancing the Company's mining projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner.

Factors that could cause actual results to differ materially from expectations include (i) the inability or unwillingness of Hydro Tech to complete the drill program as and when planned; (ii) the inability of the Company to successfully complete the exploration and development milestones that are the conditions of the reinstatement of the Chirundu Mining License (12634-HQ-LML); (iii) potential delays due to COVID-19 restrictions; (iv) the failure of the Company's projects, for technical, logistical, labour-relations, or other reasons; (v) a decrease in the price of uranium below what is necessary to sustain the Company's operations; (vi) an increase in the Company's operating costs above what is necessary to sustain its operations; (vii) accidents, labour disputes, or the materialization of similar risks; (viii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis; and (ix) generally, the Company's inability to develop and implement a successful business plan for any reason.

In addition, the factors described or referred to in the section entitled "Risks Factors" in the MD&A for the year ended December 31, 2020, of GoviEx, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85640

A month has gone by since the last earnings report for Teck Resources Ltd (TECK). Shares have added about 12.5% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Teck Resources Ltd due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Teck Resources Q1 Earnings Beat Estimates, Up Y/Y

Teck Resources reported first-quarter 2021 adjusted earnings per share of 48 cents, which beat the Zacks Consensus Estimate of 43 cents. The bottom line also improved from earnings of 13 cents in the prior-year quarter courtesy of higher prices of its principal products, most significantly copper, zinc and blended bitumen.

Including one-time items, the company reported earnings per share of 45 cents against a loss of $43 cents in the prior-year quarter.

Net sales were $2,006 million, which increased 13% year over year. However, the top line missed the Zacks Consensus Estimate of $2,050 million. Steelmaking coal sales volumes improved 9% year over year to 6.2 million tons and was within the company’s guidance range. Of this, sales to China accounted for approximately 2 million tons. This was according to the company’s plan to increase sales to China in a bid to capitalize on the increase in demand due to restrictions on Australian coal imports. The company reported decrease in sales volumes of copper, zinc and blended bitumen. However, the impact was offset by higher copper, zinc and blended bitumen prices in the quarter.

Gross profit, before depreciation and amortization, inched up 1% year over year to $1,491 million. Gross margin came in at 25.7% compared with the year-ago quarter’s 16.7%. Adjusted EBITDA was $761 million, up 68% from the prior-year quarter. EBITDA margin came in at 38% in the first quarter compared with the year-earlier quarter’s 26%.

Segment Performance

The Steelmaking Coal segment reported sales of $824 million, reflecting year-over-year growth of 8%. The segment reported an operating profit of $140 million compared with an operating profit of $204 in the prior-year quarter. This can be attributed to increased sales volumes and lower operating costs.

Copper segment’s net sales were up 42% year over year to $604 million in the March-end quarter. The segment’s operating profit was $232 million in the reported quarter, reflecting a turnaround from the operating loss of $5 million in the prior-year quarter. This was driven by substantially higher copper prices, which were partially offset by higher unit operating costs and lower copper sales volumes.

The Zinc segment’s net sales inched down 1% year over year to $449 million during the reported quarter. The segment’s operating profit climbed 18% year over year to $92 million during this period. Substantially higher zinc prices were somewhat offset by lower sales volumes and higher unit operating costs and royalty expense.

The Energy segment’s net sales declined 2% year over year to $128 million in the first quarter. The segment reported an operating loss of $37 million compared with the prior-year quarter’s loss of $582 million. This was due to increase in global benchmark crude oil prices, including Western Canadian Select (WCS), partially offset by higher unit operating costs due to lower production.

Financials

Teck Resources generated cash flow of $461 million from operating activities in the first quarter of 2021 compared with $208 million in the prior-year quarter. The company had cash and cash equivalents of $294 million as of Mar 31, 2021, compared with $354 million as of Dec 31, 2020. Total debt was $5,328 million at the end of the first quarter compared with $4,914 million as of Dec 31, 2020.

Project Updates

The company crossed the half-way mark at its flagship QB2 copper growth project in April. First production continues to be expected in the second half of 2022. The Neptune port upgrade is now in the commissioning phase and ramp-up will continue as planned. So far 18 vessels have been loaded using the new outbound system.

Guidance

Teck Resources expects steelmaking coal production between 25.5 million tons and 26.5 million tons in 2021. Copper production is anticipated within 275,000-290,000 tons. Zinc production is projected between 585,000 tons and 610,000 tons. The company estimates Bitumen production for 2021 between 8.6 million barrels and 12.1 million barrels.

For the second quarter, at Red Dog, the company expects sales of zinc in concentrate to be 35,000-45,000 tons. Zinc sales are expected to be lower than normal in the second quarter owing to reduced production in 2020 due to maintenance and water-related challenges. This resulted in lower concentrate shipments during 2020 and subsequently led to lower offsite zinc inventory available for sale. In the second half of 2021, the company expects sales of zinc in concentrate to be in line with the normal seasonal pattern of Red Dog sales.

Steelmaking coal sales is projected to be 6.0-6.4 million ton for the second quarter of 2021. The company will continue to prioritize available spot sales to China. The sales to Chinese customers are priced at the CFR China price assessments, which are higher than FOB Australia price assessments, thereby boosting its overall realized price.

How Have Estimates Been Moving Since Then?

It turns out, fresh estimates have trended downward during the past month.

VGM Scores

At this time, Teck Resources Ltd has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Teck Resources Ltd has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

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Anglo American's (LON:AAL) stock is up by a considerable 13% over the past three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. In this article, we decided to focus on Anglo American's ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

View our latest analysis for Anglo American

How To Calculate Return On Equity?

The formula for ROE is:

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

So, based on the above formula, the ROE for Anglo American is:

10% = US$3.3b ÷ US$33b (Based on the trailing twelve months to December 2020).

The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each £1 of shareholders' capital it has, the company made £0.10 in profit.

What Is The Relationship Between ROE And Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Anglo American's Earnings Growth And 10% ROE

To begin with, Anglo American seems to have a respectable ROE. Yet, the fact that the company's ROE is lower than the industry average of 17% does temper our expectations. However, we are pleased to see the impressive 37% net income growth reported by Anglo American over the past five years. We reckon that there could be other factors at play here. Such as – high earnings retention or an efficient management in place. Bear in mind, the company does have a respectable ROE. It is just that the industry ROE is higher. So this also does lend some color to the high earnings growth seen by the company.

Next, on comparing with the industry net income growth, we found that Anglo American's growth is quite high when compared to the industry average growth of 27% in the same period, which is great to see.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about Anglo American's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Anglo American Making Efficient Use Of Its Profits?

The three-year median payout ratio for Anglo American is 41%, which is moderately low. The company is retaining the remaining 59%. By the looks of it, the dividend is well covered and Anglo American is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.

Additionally, Anglo American has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Upon studying the latest analysts' consensus data, we found that the company is expected to keep paying out approximately 42% of its profits over the next three years. Regardless, the future ROE for Anglo American is predicted to rise to 13% despite there being not much change expected in its payout ratio.

Summary

On the whole, we feel that Anglo American's performance has been quite good. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

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.

Does the May share price for Hargreaves Services Plc (LON:HSP) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

See our latest analysis for Hargreaves Services

The calculation

We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = UK£107m

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 0.9%. We discount the terminal cash flows to today's value at a cost of equity of 8.1%.

Terminal Value (TV)= FCF₂₀₃₀ × (1 + g) ÷ (r – g) = UK£15m× (1 + 0.9%) ÷ (8.1%– 0.9%) = UK£213m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= UK£213m÷ ( 1 + 8.1%)¹⁰= UK£98m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is UK£205m. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of UK£3.8, the company appears quite good value at a 40% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

Important assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Hargreaves Services as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.1%, which is based on a levered beta of 1.355. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Looking Ahead:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For Hargreaves Services, there are three pertinent elements you should look at:

1. Risks: We feel that you should assess the 2 warning signs for Hargreaves Services we've flagged before making an investment in the company.

2. Future Earnings: How does HSP's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. Simply Wall St updates its DCF calculation for every British stock every day, so if you want to find the intrinsic value of any other stock just search here.

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, May 28, 2021 /CNW/ – Trading resumes in:

Company: ROYAL FOX GOLD INC. formerly Hornby Bay Mineral Exploration Ltd.

TSX-Venture Symbol: FOXG formerly HBE

Resumption (ET): 5/31/2021 9:30 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/May2021/28/c2963.html

St. Paul, Minnesota–(Newsfile Corp. – May 28, 2021) – PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company"), has filed its notice of meeting and management information circular (the "Circular") in connection with its Annual General and Special Meeting of shareholders (the "Meeting") to be held on June 16, 2021, at 10:00 a.m. Pacific Daylight Time. Meeting materials were mailed out on May 7, 2021 to shareholders of record as of April 28, 2021.

Due to the ongoing global coronavirus (COVID-19) public health emergency and in consideration of the health and safety of our shareholders, colleagues and our broader community, the company strongly encourages shareholders to vote on the matters before the Meeting by proxy, and to view the Meeting online by the way of a live webcast, rather than attend in person. The routine legal requirements of the Meeting will be carried out by a limited number of company representatives.

PolyMet encourages all shareholders to participate in the Meeting. Shareholders may submit questions to management ahead of the Meeting via email to info@polymetmining.com. There will be an opportunity to ask questions following the conclusion of the official business portion of the Meeting.

YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY

PolyMet encourages shareholders to read the meeting materials, which have been filed on SEDAR (www.sedar.com), EDGAR (www.sec.gov) and are available on our website (www.polymetmining.com).

Meeting Matters

At the Meeting, the shareholders will be asked to vote on the following resolutions:

1. to elect seven directors to hold office until the close of the next annual meeting of shareholders;

2. to appoint Deloitte & Touche LLP as the auditor to hold office until the close of the next annual meeting of shareholders and to authorize the Board of Directors to fix the remuneration to be paid to the auditors; and

3. to re-approve PolyMet's Omnibus Share Compensation Plan (the "Omnibus Plan") as approved by the shareholders in 2007 and as amended, restated, and confirmed from time to time, most recently by shareholders in 2018. Under the policies of the TSX, the Omnibus Plan must be re-approved by PolyMet's shareholders, excluding the votes of Common Shares held by insiders who are eligible to participate in the Omnibus Plan. An aggregate of 72,361,214 Common Shares are held by insiders who are eligible to participate in the Omnibus Plan and whose votes will be excluded in determining the number of votes cast in respect of the resolution to re-approve the Omnibus Plan.

With respect to the summary of the Omnibus Plan found in the Circular, the company wishes to provide further detail regarding certain provisions of the Omnibus Plan as set out below:

1. Blackout Extension. The Omnibus Plan specifically allows that where the expiry date for an option occurs during or within nine business days following the end of a blackout period, the expiry date for such option shall be extended to the date which is 10 business days following the end of such blackout period.

2. Termination Provisions of Performance Stock Units. The termination provisions for Performance Stock Units are the same as for the other Awards.

3. Amendment Provisions. The Compensation Committee has the right to exercise any amendment provision of the Omnibus Plan only if shareholder approval is obtained for such amendment. Shareholder approval is not required for any amendments to implement or modify a cashless exercise feature for Awards, whether such feature provides for payments in cash or securities, so long as any such feature provides for the full deduction of the number of underlying common shares from the total number of common shares available under the Omnibus Plan.

The Board of Directors of PolyMet recommends that shareholders vote in favor of all proposed items.

Shareholder Information and Questions

PolyMet shareholders who have questions about the Circular, or require assistance with voting their shares can contact PolyMet Investor Relations:

Tel: +1 (651) 389-4110
investorrelations@polymetmining.com

About PolyMet

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

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

For further information, please contact:

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

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

PolyMet Disclosures

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

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

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

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

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

* * * * *

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85534

Calgary, Alberta–(Newsfile Corp. – May 28, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces the release of its interim consolidated financial results for the first fiscal quarter ended March 31, 2021 (the "Financials") accompanied by its management's discussion and analysis (the "MD&A") for the same period. The Financials and MD&A have been disseminated on SEDAR and can be found on the Company's SEDAR profile at https://www.sedar.com.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO₂ emissions.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488 Facsimile: (403) 206-7159
Email: frank@whyresources.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 OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85656

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

REGINA, SK / ACCESSWIRE / May 28, 2021 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK) is pleased to announce that it intends to proceed with a $4 million financing consisting of senior secured notes of the Company ("Notes"), with each Note consisting of a principal amount of $1,000 and with interest payable thereon at a rate of 14% per annum and with a term of three years from the date of issuance thereof (the "Offering"), but with the ability of the Company to fully repay the Notes at no penalty after two years from the date of issuance, or the Noteholders can demand repayment after two years from the date of issuance. Payments of interest only will be made during the first year of the term of the Notes and blended payments of interest and principal will be made during the second and third year of the term of the Notes. The Notes are secured by all of the assets of the Company and are senior to all other indebtedness of the Company.

In addition, each $1,000 principal amount of Notes will include 500 common share purchase warrants (each full warrant, a "Warrant") with each Warrant being exercisable for one class "B" common share in the capital of the Company at an exercise price of $0.35 per Warrant for a period of 2 years. The Offering is expected to be non-brokered (although the Company retains the right to pay finder's fees or commissions on issuances pursuant to the Offering) and is subject to approval of the TSX Venture Exchange, including the pricing and other material terms thereof. The Notes and Warrants will be offered pursuant to the accredited investor and family, friends and business associates exemptions of National Instrument 45-106 – Prospectus Exemptions.

The Company expects to use the proceeds from the Offering for general corporate purposes as well as the operation and development of the assets to be acquired in Southern Saskatchewan pursuant to the Company's March 17, 2021 press release.

About ROK
ROK is engaged in exploring for petroleum and natural gas development activities in Saskatchewan. Its head office is located in Regina, Saskatchewan, Canada and ROK's common shares are traded on the TSX Venture Exchange under the trading symbol "ROK".

For further information, please contact:
Cameron Taylor, Chairman and CEO
Lynn Chapman, CFO
Phone: (306) 522-0011
Email: info@rokresources.ca

Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's objectives, goals or future plans with respect to pursuing the Offering and the expectations regarding the receipt of regulatory approval for the Offering as well as the intended use of proceeds thereof. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in ROK's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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

SOURCE: ROK Resources Inc.

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DENVER, CO / ACCESSWIRE / May 28, 2021 /Solitario Zinc Corp. ("Solitario" or the "Company") (NYSE American:XPL)(TSX:SLR) announces that, as a result of a review by staff of the Ontario Securities Commission, the Company is issuing the following news release regarding its technical disclosures made with respect to the Florida Canyon Project in Peru.

On April 7, 2021, the Company filed on Sedar "NI 43-101 Technical Report on Resources Florida Canyon Project, Amazonas Department, Peru ("2021 Technical Report")." Subsequent to that filing, the Company referred to technical information contained in its previously issued 2017 "NI 43-101 Technical Report Preliminary Economic Assessment Florida Canyon Zinc Project Amazonas Department, Peru ("2017 PEA")" in a news release dated April 7, 2021., on its website related to the Florida Canyon project and a corporate presentation (PDAC Virtual Conference) made on March 8, 2021. The 2021 Technical Report did not incorporate certain required disclosure information from the 2017 PEA to allow the Company to refer to the 2017 PEA. The Company has amended the 2021 Technical Report to include all such information required from the 2017 PEA to allow the Company to refer to information contained in the 2017 PEA on its website and in corporate presentations. The resource estimates from the 2021 Technical Report did not change as a result of this amendment.

In addition, the Company posted a video on its website on March 6, 2021 and information on slide 7 in a corporate presentation (PDAC Virtual Conference) made March 8, 2021, that contained information from an internal analysis concerning mine life and cash flows that are not supported by a technical report and should not be relied upon. For this reason, the Company is retracting all references to this internal study.

Information contained within this release is approved by Mr. Walt Hunt, COO for Solitario Zinc Corp., who is a qualified person as defined by National Instrument 43-101.

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 ABOUT SOLITARIO, CONTACT:
Valerie Kimball
Director – Investor Relations
(720) 933-1150
(800) 229-6827

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

Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws),that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical fact. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Forward-looking statements involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements include, without limitation, statements regarding the Company's expectation of the projected timing and outcome of engineering studies; expectations regarding the receipt of all necessary permits and approvals to implement a mining plan, if any, at Lik or Florida Canyon; the potential for confirming, upgrading and expanding zinc, lead and silver mineralized material; future operating and capital cost estimates may indicate that the stated resources may not be economic; estimates of zinc, lead and silver grades of resources provided are predicted and actual mining grade could be substantially lower; estimates of recovery rates for could be lower than estimated for establishing the cutoff grade; and other statements that are not historical facts could vary significantly from assumptions made in the Resources Estimate. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Although Solitario management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to risks that Solitario's and its joint venture partners' exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of zinc, lead and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; availability of outside contractors, and other activities; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; the possibility that environmental laws and regulations will change over time and become even more restrictive; and availability and timing of capital for financing the Company's exploration and development activities, including uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Solitario's filings with the U.S. Securities and Exchange Commission (the "SEC") including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/649698/Solitario-Amends-Technical-Report-and-Clarifies-Technical-Disclosure-for-Its-Florida-Canyon-Zinc-Project

VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") is pleased to provide an update on the Caucharí-Olaroz lithium project (“Caucharí-Olaroz”) in partnership with Ganfeng Lithium Co., Ltd (“Ganfeng Lithium”) (together, the “Caucharí-Olaroz Partners”) in Jujuy province, Argentina.

The Caucharí-Olaroz Partners have approved the commencement of development planning for a second stage (“Stage 2”) expansion of at least an additional 20,000 tonnes per annum (“tpa”) of lithium carbonate equivalent (“LCE”) production capacity from Caucharí-Olaroz.

“Caucharí-Olaroz is on track to become the largest new lithium brine operation in over 20 years,” commented George Ireland, Chairman of Lithium Americas, “With construction for Stage 1 expected to be complete within the next year, together with Ganfeng Lithium, we are beginning to plan our next phase of growth in Argentina.”

Stage 2 Expansion Plan
The Caucharí-Olaroz Stage 2 expansion is targeting the following development parameters:

• Production capacity of at least 20,000 tpa LCE to commence in 2025.

• Construction commencing in H2 2022, following the commissioning and start-up of the initial 40,000 tpa operation (“Stage 1”).

• Infrastructure additions to support long-term expansions beyond Stage 2.

The Caucharí-Olaroz Partners expect to provide further details of the Stage 2 expansion plan by Q4 2021, followed by an updated feasibility study in 2022.

Stage 1 Construction Update
Construction on the initial 40,000 tpa Stage 1 operation remains on track for first production in mid-2022.

• There are currently over 1,000 workers on site, following the completion of additional camp capacity to ensure compliance with strict COVID-19 health and safety protocols. No positive cases of COVID-19 have been reported at site in eight months.

• In Q2 2021, senior members of Ganfeng Lithium’s commissioning and construction team arrived in Argentina to assist the project through to start-up. Ganfeng Lithium’s team brings recent experience constructing and commissioning lithium carbonate plants in China.

• All major equipment and the majority of bulk materials have been delivered to site, reducing risk of supply chain delays.

• The evaporation ponds are well advanced with sufficient brine inventory to support production ramp up.

• Mechanical construction of the lime plant is completed and the piping work to connect the lime line is more than 95% complete.

Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Dr. Rene LeBlanc, a Qualified Person for purposes of NI 43-101 by virtue of his experience, education and professional association. Dr. LeBlanc is the Chief Technical Officer of the Company. Detailed scientific and technical information on the Caucharí-Olaroz project can be found in the “NI 43-101 Technical Report – Updated Feasibility Study and Mineral Reserve Estimation to Support 40,000 tpa Lithium Carbonate Production at the Caucharí-Olaroz Salars, Jujuy Province, Argentina”, with an effective date of September 30, 2020, available on the Company’s SEDAR profile at www.sedar.com.

About Ganfeng Lithium
Ganfeng Lithium is the largest lithium chemicals producer in China, with a diverse product mix including lithium carbonate, lithium chloride, lithium fluoride, lithium metal and butyl lithium. Founded in 2000, Ganfeng Lithium is listed on the Shenzhen Stock Exchange and Hong Kong Stock Exchange (HKEX: 1772, SZSE: 002460).

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
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 forward-looking information. Examples of forward-looking information in this news release include, among other things, statements related to: successful development of the Caucharí-Olaroz project and future expansion plans, including timing, progress, construction, milestones, anticipated production and results thereof; the expected benefits from previous transactions; expectations and anticipated impact of the COVID-19; capital expenditures and programs; estimates of the mineral resources and mineral reserves at the Company’s properties; development of mineral resources and mineral reserves; government regulation of mining operations and treatment under governmental and taxation regimes; the future price of commodities, including lithium; the realization of mineral resources and mineral reserves estimates; the timing and amount of future production; currency exchange and interest rates; expected outcome and timing of environmental surveys and permit applications and other environmental matters; the Company’s ability to raise capital; expected expenditures to be made by the Company on the properties in which it holds an interest; the timing, cost, quantity, capacity and product quality of production of the Caucharí-Olaroz project; successful operation of the Caucharí-Olaroz project under its co-ownership structure; whether the Company will ever be able to realize on an additional debt funding commitment, including the terms and timing thereof; ability to produce high purity battery grade lithium products; capital costs, operating costs, and sustaining capital requirements of the Caucharí-Olaroz project; the Company’s share of the expected capital expenditures for the construction of the Caucharí-Olaroz project; ability to achieve capital cost efficiencies; and stability and inflation related to the Argentine peso, whether the Argentine government implements additional foreign exchange and capital controls, and the effect of current or any additional regulations on the Company’s operations.

Forward-looking information is based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such information. Such 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 following: current technological trends; a cordial business relationship between the Company, Ganfeng and JEMSE for the Caucharí-Olaroz project; the ability of the Company to fund, advance and develop the Caucharí-Olaroz project and the Thacker Pass project, and the respective impacts of the projects when production commences; the Company’s ability to operate in a safe and effective manner; uncertainties relating to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada and Argentina; 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; general economic conditions; the stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; stability and inflation of the Argentinian peso, including any foreign exchange or capital controls which may be enacted in respect thereof, and the effect of current or any additional regulations on the Company’s operations; the impact of unknown financial contingencies, including litigation costs, on the Company’s operations; gains or losses, in each case, if any, from short-term investments in Argentine bonds and equities; estimates of and unpredictable changes to the demand and market prices for lithium products; exploration, development and construction costs for the Caucharí-Olaroz project and the Thacker Pass project; estimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves; 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 for the projects in which the Company holds an interest; the Company’s ability to obtain additional financing as needed to advance the projects in which it holds an interest, including pursuant to an additional debt funding commitment, on satisfactory terms or at all; the ability to develop and achieve production at any of the Company’s mineral exploration and development properties; the impact of COVID-19 on the Company’s business generally; the expected benefits from prior transactions; accuracy of development budget and construction estimates; 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 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.

FRANKLIN, Ind., May 28, 2021 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that in accordance with the terms of a debenture indenture entered into between the Company and Computershare Trust Company of Canada (“Computershare”) dated June 6, 2018, as supplemented (the “Debenture Indenture”) and the terms of a convertible debenture indenture entered into between the Company and Computershare dated June 6, 2018, as supplemented (the “Convertible Debenture Indenture” and together with the Debenture Indenture, the “Indentures”), it has elected to issue common shares in the capital of the Company (“Common Shares”) to holders of 9.50% unsecured debentures due June 6, 2023 (the “9.50% Debentures”) and 8.25% convertible unsecured debentures due June 6, 2023 (the “8.25% Debentures” and together with the 9.50% Debentures, the “Debentures”), respectively, in satisfaction of up to an aggregate total of approximately C$152,126.66 interest payable to holders of Debentures on June 30, 2021 (the “Payment Date”), assuming no further conversions of 8.25% Debentures.

Further to the short-form prospectus dated May 28, 2018 qualifying the distribution of the Debentures, the price of the Common Shares will be based on the volume-weighted average trading price per Common Share for the 20 consecutive trading days on the TSX Venture Exchange (the “TSXV”) ending on fifth day prior to the Payment Date, being the 20 consecutive trading days from May 26, 2021 to June 23, 2021, provided that such price is not less than the closing market price on June 23, 2021.

The issuance of the Common Shares in lieu of cash is subject to the terms and conditions of the Indentures as well as the receipt of all requisite approvals, including, without limitation, the approval of the TSXV.

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

On Behalf of the Board of Directors:

"Mark Smith”

Mark Smith, CEO & Chairman

Contact:

Mark A. Smith, CEO & 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, Pennsylvania, and Missouri. 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 price of the Common Shares to be issued in lieu of cash. 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.

Vancouver, British Columbia–(Newsfile Corp. – May 28, 2021) – Endurance Gold Corporation (TSXV: EDG) (OTCBB: ENDGF) has released initial assay results from its reverse circulation drill program at its Reliance Gold Property in southern British Columbia. With year-round road access, the Reliance Gold Property is located 4 kilometres east of the village of Gold Bridge and 10 kilometres north of the historic Bralorne-Pioneer Gold Mining Camp which has produced more than 4 million ounces of gold.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company, along with some comments from Robert Boyd, President and CEO of Endurance. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Endurance" in the search box.

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The planned 35-hole RC drill program is now complete. Gold assay results from the first 5 holes have identified a new high-grade gold discovery at the Diplomat Zone and have also demonstrated that the Treasure Shear is a gold mineralized structure. Both discoveries significantly open up new exploration potential on the property.

The Diplomat Zone, located 170 metres northwest of the Imperial Zone and 625 metres northwest of the Eagle Zone, is situated in the footwall of the Royal Shear. Its potential was initially identified in the Company's 2020 geological mapping and soil sampling program.

The Treasure Prospect is located 465 metres northwest of the Imperial Zone and 875 metres northwest of the Eagle Zone where a portion of the Treasure Shear is exposed in a road-cut. The Treasure Shear, a northeast southwest trending geographic linear feature located parallel to and about 300 metres east of the Royal Shear, is interpreted as the footwall bounding structure for the Royal Shear complex, a deep-seated regional structure.

Nine holes have been completed at Diplomat with results received on 5 RC Holes. Highlight gold assay results from hole RC21-024 include 16.39 grams per tonne gold over 4.57 metres commencing at 71.63 metres down-hole associated with a quartz, pyrite and arsenopyrite vein stockwork zone. Other intersections at Diplomat include 2.64 grams per tonne gold over 9.14 metres starting at just 1.52 metres below surface, 2.56 grams per tonne gold over 7.62 metres, starting at 6.10 metres, 2.62 grams per tonne gold over 6.10 metres starting at 51.82 metres, and 6.34 grams per tonne gold over 1.52 metres from 38.10 metres in RC21-024, which also hosts the high-grade gold intersection. True widths are estimated to be approximately 80% of the reported drill intersections.

Three RC holes tested the Treasure Prospect with gold results reported on the first hole, RC21-021, which intersected 1.6 grams per tonne gold over 6.1 metres starting at 35.05 metres downhole. This intersection confirms that the Treasure Shear has potential to host wide zones elevated in gold similar to the Royal Shear and provides largely untested strike potential of an estimated 2 kilometres.

Portable X-Ray Fluorescence of the RC reference samples identified significantly enriched arsenic in 22 of the 35 RC drill holes completed. Although arsenic-enriched zones have been previously identified on the Treasure Prospect, the Diplomat Zone, and in step out drilling at the Eagle Zone, this is the first identification of elevated arsenic at the Crown Zone, located between the Eagle and Imperial Zones and an additional RC hole completed recently at the Imperial Zone. For more details on the widest and strongest arsenic mineralized intervals identified please refer to day's news release.

Some of the proposed RC holes have been deferred to a diamond drilling campaign later in the season due to water inflow problems which may impact RC sample quality and the presence of intrusive dykes which will need to be better constrained with diamond drilling.

A total of 758 RC samples from 29 remaining holes have been submitted for gold assay and multi-element ICP analysis, with the results reported when received.

The company has a number of other highly prospective North American mineral properties which management considers have the potential to develop world-class deposits.

For more information, please visit the company's website, www.EnduranceGold.com, contact Robert T. Boyd, President and CEO, at 604-682-2707 or by email at info@EnduranceGold.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85634

Vancouver, British Columbia–(Newsfile Corp. – May 28, 2021) – First Majestic Silver Corp. (TSX: FR) ("First Majestic" or the "Company") is pleased to announce the voting results for its annual general meeting held on May 27, 2021.

A total of 97,420,710 shares were represented at the meeting, being 43.72% of the Company's issued and outstanding common shares. Shareholders approved all matters brought before the meeting as follows:

ELECTION OF DIRECTORS

SAY ON PAY ADVISORY VOTE

In addition, the re-appointment of Deloitte LLP as auditors for the Company and setting the total number of directors to six, as outlined in the Circular, were also approved by a majority vote of shareholders present in person or represented by proxy. Robert McCallum was not a nominee for re-election as a director as he has fulfilled his term under the Director Tenure Policy.

MANAGEMENT UPDATE

The Company announces today that Raymond Polman, Chief Financial Officer, has communicated his plans to retire after 15 successful years with the Company. Mr. Polman will remain in his current position until a replacement has been transitioned into the role. It is expected that a new CFO will be announced by the end of the third quarter.

Keith Neumeyer, President and CEO, states, "Ray has been an important member of First Majestic for the past 15 years and his financial leadership has assisted in building First Majestic into the world-class silver company it is today. I'm grateful for his contributions to the business and wish him all the best in his retirement. In addition, I would like to thank Robert McCallum for his long-standing directorship to First Majestic. Rob has been with the Company since inception and his contributions have enabled First Majestic to grow into one of the world's largest silver companies. Both Ray and Robert will be greatly missed, however, both will be available for advisory roles over the next 12 months."

Additionally, the Company is pleased to announce the appointments of Michael Deal as its General Manager of the Jerritt Canyon Gold Mine and Edward Kirwan as Director of Environment. Mr. Deal has over 17 years of mining and mineral processing experience and was most recently Processing Manager and Regional Metallurgist for Nevada Gold Mines, a joint venture between Barrick Gold and Newmont. Mr. Kirwan has over 34 years of environmental, sustainability and project management experience in the mining industry and most recently held environmental positions at Tahoe Resources, Silver Standard Resources and KHGM. Also, effective today, Greg Kulla has resigned from the Company as Vice-President of Exploration and a search for his replacement has begun.

RENEWS ATM PROGRAM

The Company announces it has today entered into an equity distribution agreement (the "Sales Agreement") with BMO Capital Markets and TD Securities (the "Agents") pursuant to which the Company may, at its discretion and from time-to-time until June 18, 2023, sell, through the Agents, such number of common shares of the Company ("Common Shares") as would result in aggregate gross proceeds to the Company of up to US$100.0 million (the "Offering"). Sales of Common Shares will be made through "at-the-market distributions" as defined in the Canadian Securities Administrators' National Instrument 44-102-Shelf Distributions, including sales made directly on the New York Stock Exchange (the "NYSE"), or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in the United States. The sales, if any, of Common Shares made under the Sales Agreement will be made by means of ordinary brokers' transactions on the NYSE at market prices, or as otherwise agreed upon by the Company and the Agents. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange (the "TSX") or other trading markets in Canada.

The Offering will be made by way of a prospectus supplement to the base prospectus included in the Company's existing US registration statement on Form F-10 (the "Registration Statement") and Canadian short form base shelf prospectus (the "Base Shelf Prospectus") dated May 18, 2021. The prospectus supplement relating to the Offering has been filed with the securities commissions in each of the provinces of Canada (other than Québec) and the United States Securities and Exchange Commission (the "SEC"). The US prospectus supplement (together with the related base prospectus) will be available on the SEC's website (www.sec.gov) and the Canadian prospectus supplement (together with the related Base Shelf Prospectus) will be available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com. Alternatively, the Agents will provide copies of the US prospectus and US prospectus supplement upon request by contacting BMO Capital Markets (c/o BMO Capital Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, New York, NY 10036, or by telephone at (800) 414-3627, or by email: bmoprospectus@bmo.com).

The Company expects to use the net proceeds of the Offering, if any, together with the Company's current cash resources, to develop and/or improve the Company's existing mines and to add to the Company's working capital.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

ABOUT THE COMPANY

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine.

FOR FURTHER INFORMATION contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807.

FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President & CEO

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: sales under the ATM and the use of proceeds thereof; appointment of a new CFO; the Company's business strategy; and commercial mining operations. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, guidance cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon guidance and forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward‐looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward‐looking statements".

Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: the duration and effects of the coronavirus and COVID-19, and any other pandemics on our operations and workforce, and the effects on global economies and society, risks related to the integration of acquisitions; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the section entitled "Description of the Business – Risk Factors" in the Company's most recent Annual Information Form, available on www.sedar.com, and Form 40-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although First Majestic 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.

The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

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