BEDFORD, NS / ACCESSWIRE / June 7, 2021 / Silver Spruce Resources Inc. ("Silver Spruce" or the "Company")(TSXV:SSE)(FRA:S6Q1) is saddened to report the passing of Dr. Brian Penney, Chairman of the Board of Directors, and past CEO and CFO of the Company. Brian was born in London, England on June 6^th, 1944 and passed on June 5^th, 2021 in Halifax, Nova Scotia, his home for many years, at the age of 76 years.

The Company extends its deepest condolences to his family and friends for our collective loss.

Dr. Penney was chairman of Silver Spruce Resources Inc. since 2016. He also served extended periods as CEO and CFO, and as chairman of the audit committee. He had extensive experience and success in guiding early-stage companies, both as CEO and Chairman. He had been a board member of several government and academic-industry boards and held various research and academic positions in physics and in computing science and worked as a software engineer, system architect and development manager at several companies in the telecommunications industry.

Brian, a professional engineer, held a Ph.D. in high energy nuclear physics from Imperial College of Science & Technology, University of London, was licensed as a commercial pilot. He was an avid investor and enjoyed great red wine.

"I had the distinct pleasure of working closely with Brian, though from afar and for only four years. I will miss his spirited conversations, his humour, his counsel, his attention to detail, his unwavering support, and his genuine interest in all subjects regarding the business and his colleagues," said Greg Davison, PGeo, Vice-President Exploration and Director. "My late father kept an accolade reserved for those deserving respect – ‘he was scholar and a gentleman' – and Brian truly earned that compliment in every way."

About Silver Spruce Resources Inc.

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

Contact:

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

Michael Kinley, CEO and Director
(902) 402-0388
mkinley@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

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

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

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/650646/Silver-Spruce-Reports-the-Passing-of-its-Chairman-of-the-Board-Dr-Brian-Penney

Vancouver, British Columbia–(Newsfile Corp. – June 7, 2021) – Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to report that a 550-metre drill program has commenced at its Spius copper porphyry project ("Spius" or the "Property"). The Property is located 40 km southwest of Merritt, British Columbia, and is currently under option to Arctic Fox Ventures Inc.

Drilling will test below the high-grade surface showing area, where grab samples of mineralized porphyry from float and a small outcrop exposure range from 1.11% Cu to 2.53% Cu, and will also test for mineralization at depth near hole SP-19-03, which ended in porphyry-style copper mineralization at a depth of 276 metres.

"It's great news for Pacific Ridge's shareholders," said Blaine Monaghan, President and CEO of Pacific Ridge. "We maintain significant exposure to Spius, but the drill program is being funded by Arctic Fox. Further, this allows us to focus on the upcoming drill program at our flagship Kliyul copper-gold porphyry project. The fully-funded drill program at Kliyul will begin next month."

About Spius

Spius was explored for its porphyry potential in the 1960's and early 1970's. Exploration focused on a gossan area where work included an IP survey, trenching and 27 percussion and core drill holes. The drilling was shallow, with none of the drill holes exceeding 100 metres. Most of the records from this early exploration work have been lost, including the drill logs. The Property was optioned by Pacific Ridge in 2018 and surface exploration was completed, including soil sampling and an IP survey. In 2019, Pacific Ridge drilled 1,087 metres in four holes. The best mineralization was encountered at the bottom of hole SP-19-03, drilled at the northern end of the Copper Zone, encountering 51.8 m averaging .099% Cu (224.3 to 273 m), including 39.0 metres at .113% Cu. All drill holes encountered porphyry-style mineralization and alteration top to bottom, with variably anomalous Cu and Mo values.

Spius option terms

Arctic Fox can earn a 60% interest in Spius by making payments of $60,000, issuing 1,000,000 shares and spending $550,000 on exploration by December 31, 2022.

About Pacific Ridge

Our goal is to become one of the leading copper-gold exploration companies in British Columbia. Pacific Ridge's flagship project is the advanced-stage Kliyul copper-gold project, located in the Quesnel Trough, approximately 50 km southeast of Centerra Gold's Kemess project. Historic drilling at Kliyul encountered significant porphyry copper-gold mineralization, drill hole KL-15-34 returned 245 metres of 0.75% CuEQ¹ (see Pacific Ridge press release dated December 2, 2020). The Company plans to launch a drill program at Kliyul this summer.

On behalf of the Board of Directors,

"Blaine Monaghan"

Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.

Corporate Contact:
Blaine Monaghan
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com
https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-
https://twitter.com/PacRidge_PEX

Investor Contact:
G2 Consultants Corp.
Telephone: +1 778-678-9050
Email: ir@pacificridgeexploration.com

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

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding a drill program at Kliyul this summer. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

¹Copper equivalent (CuEQ) is equal to ((Cu (per cent) multiplied by $2.25 multiplied by 22.0642) plus (Au (g/t) multiplied by $1,650 multiplied by 0.032151)) divided by ($2.25 multiplied by 22.0642).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86680

ENDEAVOUR HOSTS CAPITAL MARKETS EVENT TODAY

HIGHLIGHTS:

• Strong commitment to shareholder returns

  • Implementation a minimum progressive dividend policy targeting to distribute +$500 million through to
    FY-2023, which is expected to be supplemented if the gold price remains above $1,500/oz

  • Share buyback program well underway with $49 million of shares already repurchased in April and May

• Launch of an augmented ESG strategy to reflect Company’s increased scale following recent acquisitions

  • Strong focus on investing in host countries with the establishment of the Endeavour Foundation which will supplement the ongoing efforts of ECODEV, Endeavour’s economic development fund

  • While Endeavour has one of the lowest greenhouse gas emissions intensities across senior gold producers, as part of its journey to net zero by 2050, a roadmap is underway to reduce its intensity by 30% by 2030

• Listing on the Premium Segment of the London Stock Exchange remains on track for on or about June 14

London, June 7, 2021 – Endeavour Mining (TSX: EDV) (OTCQX: EDVMF) will host a virtual capital markets event today at 14:00 BST and 9:00 EST to update shareholders on the Company’s strategy, recent milestones and Environmental, Social and Governance (“ESG”) initiatives, highlighting its long-term ability to reward shareholders. Please register for the event at this link.

Sebastien de Montessus, President & CEO of Endeavour said: “Our team is excited to have the opportunity to provide greater visibility on our capacity to reward shareholders through the cycles while simultaneously investing in our future organic growth. This is underpinned by our resilient business, disciplined capital allocation and competitive advantage in West Africa. Following the significant transformation of our business in recent years, we are now well positioned within the senior gold producer peer group with a high-quality portfolio, a healthy balance sheet, and trusted partnerships with local stakeholders.

To reflect our recent increase in size and scale as the largest West African gold producer, we are augmenting and implementing a more integrated and comprehensive ESG strategy. As part of the capital markets event, we will outline some of our more ambitious ESG initiatives aimed at supporting the social upliftment and socio-economic development in our host countries and local communities.”

Key highlights to be presented today include:

• Strong commitment to shareholder returns:

  • Implementing a minimum progressive dividend policy with a target of distributing at least $500 million to shareholders through to fiscal year 2023, demonstrating Endeavour’s ability to pay attractive dividends while also funding its organic growth.

  • Minimum dividends set at $125 million, $150 million, $175 million for FY-2021, FY-2022, and FY-2023 respectively (which represents approximately $0.50/sh, $0.60/sh, $0.70/sh respectively based on current shares outstanding), up from its inaugural FY-2020 dividend of $60 million or $0.37/sh, payable semi-annually provided that the gold price remains above $1,500/oz.

  • To provide shareholders with added value from prevailing higher gold prices above $1,500/oz, the minimum dividend can be supplemented with both higher dividends and by continuing its share buyback program, provided that Endeavour’s leverage remains below 0.5x Net Debt / adj EBITDA.

  • Strong commitment towards the current share buyback program, as evidenced with approximately $49 million (C$59 million) of shares already repurchased in April and May at an average price of C$28.45/sh.

• Ability to reward shareholders underpinned by a resilient business:

  • High quality portfolio of assets, diversified across three countries and seven mines, that can sustain and grow production above 1.5Moz annually while maintaining a competitive low AISC of under $900/oz.

  • Healthy balance sheet with a low Net Debt / adjusted EBITDA (LTM) leverage ratio of 0.2x, and with a net cash position of $250 million expected to be reached in the short-term, further enhancing the resilience of the business through cycles and providing financial flexibility to support organic growth and shareholder returns.

• Strong social licence to operate enhances resilience of the business:

  • Endeavour’s ESG strategy is centered around two key pillars: investing in host countries and protecting the environment. These two pillars are underpinned by a strong governance framework and linked to clear, measurable ESG-related executive compensation targets.

  • The Company has recently established the Endeavour Foundation, which will be its primary vehicle to implement its social investments and sustainability projects at the regional and national levels. The Foundation’s focus areas are health, particularly malaria, education, access to water and energy, and economic development.

  • The Foundation will supplement the efforts being undertaken by ECODEV, an economic development fund established by Endeavour to support local economic growth by promoting and investing in the creation of long-term, sustainable, small and medium enterprises.

  • Endeavour’s environmental priorities are focused on tackling climate change, water stewardship, conserving biodiversity as well as plastic waste, a material issue in its host countries.

  • As part of Endeavour’s journey to net zero by 2050, the Company is working on its roadmap to reduce its greenhouse gas emissions intensity by 30% by 2030:

    • From an intensity perspective, based on CO₂ emissions on a per ounce of gold produced basis for Scopes 1 and 2, Endeavour already ranks amongst the lowest emitters within its senior gold peer group.

    • Among the eight levers identified to reduce emissions, switching to renewable power has the most potential. Solar power is expected to form a core part of the Group’s energy mix going forward, starting with the construction of a solar power plant at the Houndé mine in Burkina Faso.

    • To support this commitment, the 2021 long-term executive compensation award (vesting in 2023) is tied to the successful implementation of a carbon reduction strategy.

2020 SUSTAINABILITY REPORT
Endeavour also published its 2020 Sustainability Report today. This year’s Sustainability Report marks a new milestone in the Company’s disclosure with the continued enhancement of transparency and the adoption of standards set by the Task Force on Climate-related Financial Disclosures (“TCFD”) and the Sustainability Accounting Standards Board (“SASB”). In addition, external assurance was obtained for the first time on key ESG indicators. The Company is also continuing its implementation of the World Gold Council’s Responsible Gold Mining Principles (“RGMPs”) and received external assurance on seven Principles this year.

To increase transparency on local procurement, Endeavour has also adopted the Local Procurement Reporting Mechanism (“LPRM”), a framework created by Mining Shared Value to support transparency within the supply chain and standardize information on mine site procurement.

Endeavour’s 2020 sustainability highlights include:

• Safety and health:

  • 8% reduction in the All Injury Frequency Rate. However, we were deeply saddened by the loss of a colleague during the year.

  • Successful decrease in malaria cases by 19% and the Group’s malaria incidence rate by 38%

• Investing in our host countries and communities:

  • 95% of the Group’s workforce is from host countries and 66% of senior management is from West Africa

  • 74% of total procurement, amounting to approximately $622 million, spent on in-country suppliers, supporting over 2,000 national and local businesses

  • Distribution of $894 million in economic value to host countries, including $262 million in taxes and royalties

  • Invested $24 million, equivalent to $27 per ounce of gold produced, in local communities and host countries, including $6 million to support the fight against COVID-19

• Environmental stewardship:

  • Fourth consecutive year of no significant environmental incidents, since annual sustainability reporting began

  • Greenhouse gas emission intensity (CO2-equivalent per oz gold produced) reduced by 13% compared to 2018

  • Significantly improved CDP Climate Change score from D- to C and achieved a C for Water Security performance

The 2020 report covers the performance of Endeavour, as at December 31, 2020, and includes the former SEMAFO assets but excludes Teranga Gold as the acquisition was only completed in February 2021. In the interests of completeness and transparency, Teranga Gold’s standalone metrics for 2020 have been included in the Appendix to the report.

VIRTUAL CAPITAL MARKETS EVENT DETAILS

Endeavour’s senior management will present details of the Company’s journey, strategy, competitive advantage, and ongoing ESG initiatives, followed by a live Q&A session later today.

The three-hour virtual capital markets event will commence at 14:00 BST (9:00 EST) on June 7, 2021.

Please register for the event at the following webcast link. Alternatively, please dial into to the conference call using the following dial-in details, no pin is required:

Standard International Access: +44 (0) 33 0551 0200

Canada Toll Free: +1 866 378 3566

UK Toll Free: 0808 109 0700

US Toll Free: +1 866 966 5335

A replay of the event will be posted on Endeavour’s website, shortly following the completion of the live webcast.

QUALIFIED PERSONS

Clinton Bennett, Endeavour's VP Metallurgy and Process Improvement – a Fellow of the Australasian Institute of Mining and Metallurgy, is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and approved the technical information in this news release.

ABOUT ENDEAVOUR MINING CORPORATION

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

CONTACT INFORMATION

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s expectations regarding Endeavour’s ability to create sustainable shareholder value over the long term, and the potential for continued or future dividends.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in the business of Endeavour and market conditions, including but not limited to: risks related to the successful integration of acquisitions or completion of divestitures; risks related to international operations; risks related to general economic conditions and the impact of credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; Endeavour’s financial results, cash flows and future prospects being consistent with Endeavour expectations in amounts sufficient to permit sustained dividend payments; the completion of studies on the timelines currently expected, and the results of those studies being consistent with Endeavour’s current expectations; actual results of current exploration activities; production and cost of sales forecasts for Endeavour meeting expectations; unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates; increases in market prices of mining consumables; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; extreme weather events, natural disasters, supply disruptions, power disruptions, accidents, pit wall slides, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities; changes in national and local government legislation, regulation of mining operations, tax rules and regulations and changes in the administration of laws, policies and practices in the jurisdictions in which Endeavour operates; disputes, litigation, regulatory proceedings and audits; adverse political and economic developments in countries in which Endeavour operates, including but not limited to acts of war, terrorism, sabotage, civil disturbances, non-renewal of key licenses by government authorities, or the expropriation or nationalization of any of Endeavour’s property; risks associated with illegal and artisanal mining; environmental hazards; and risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic..

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s annual information form for the financial year ended December 31, 2020 and financial statements and related MD&A for the financial year ended December 31, 2020 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

Attachment

• 210607 – NR – Endeavour Hosts Capital Markets Event Today

If you want to know who really controls Eloro Resources Ltd. (CVE:ELO), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

With a market capitalization of CA$304m, Eloro Resources is a small cap stock, so it might not be well known by many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are not really that prevalent on the share registry. We can zoom in on the different ownership groups, to learn more about Eloro Resources.

Check out our latest analysis for Eloro Resources

What Does The Lack Of Institutional Ownership Tell Us About Eloro Resources?

Institutional investors often avoid companies that are too small, too illiquid or too risky for their tastes. But it's unusual to see larger companies without any institutional investors.

There are multiple explanations for why institutions don't own a stock. The most common is that the company is too small relative to funds under management, so the institution does not bother to look closely at the company. On the other hand, it's always possible that professional investors are avoiding a company because they don't think it's the best place for their money. Eloro Resources' earnings and revenue track record (below) may not be compelling to institutional investors — or they simply might not have looked at the business closely.

It looks like hedge funds own 8.8% of Eloro Resources shares. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. The company's largest shareholder is Crescat Portfolio Management LLC, with ownership of 8.9%. Meanwhile, the second and third largest shareholders, hold 6.6% and 4.9%, of the shares outstanding, respectively. Thomas Larsen, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board.

A deeper look at our ownership data shows that the top 22 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.

Insider Ownership Of Eloro Resources

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

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

Our most recent data indicates that insiders own a reasonable proportion of Eloro Resources Ltd.. It has a market capitalization of just CA$304m, and insiders have CA$47m worth of shares in their own names. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.

General Public Ownership

The general public holds a substantial 59% stake in Eloro Resources, suggesting it is a fairly popular stock. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Private Company Ownership

It seems that Private Companies own 8.6%, of the Eloro Resources stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Public Company Ownership

We can see that public companies hold 6.5% of the Eloro Resources shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Eloro Resources (at least 1 which makes us a bit uncomfortable) , and understanding them should be part of your investment process.

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

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

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

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

Unless you borrow money to invest, the potential losses are limited. But if you pick the right stock, you can make a lot more than 100%. Take, for example Orocobre Limited (ASX:ORE). Its share price is already up an impressive 146% in the last twelve months. It's also good to see the share price up 59% over the last quarter. It is also impressive that the stock is up 31% over three years, adding to the sense that it is a real winner.

See our latest analysis for Orocobre

Orocobre isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.

Orocobre actually shrunk its revenue over the last year, with a reduction of 47%. We're a little surprised to see the share price pop 146% in the last year. It just goes to show the market doesn't always pay attention to the reported numbers. Of course, it could be that the market expected this revenue drop.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

If you are thinking of buying or selling Orocobre stock, you should check out this FREE detailed report on its balance sheet.

A Different Perspective

We're pleased to report that Orocobre shareholders have received a total shareholder return of 146% over one year. That gain is better than the annual TSR over five years, which is 8%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Orocobre better, we need to consider many other factors. To that end, you should be aware of the 2 warning signs we've spotted with Orocobre .

But note: Orocobre may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

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

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

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

(Bloomberg) — South African coal miner Thungela Resources Ltd. faced a tough start to trading as a public company, tumbling from an initial disappointing valuation a day after the Anglo American Plc spinoff was targeted by a short seller.

Thungela dropped 12% from its opening trade by late afternoon in Johannesburg on Monday, for a market capitalization of about 3 billion rand ($221 million). By comparison, Liberum Capital estimated the company could be worth $440 million to $950 million in a note last week, while SBG Securities pegged the potential value at about 4.4 billion rand June 4.

For Anglo, the spinoff came as a solution to pressure from environmentalists and some investors, who either can’t or don’t want to hold a company that directly exposes them to the most polluting fuel. That means at least some of the holders in Thungela — who received shares based on their investment in Anglo — will probably be seeking an exit.

“It was always going to be tough because of the known sellers,” said Ben Davis, an analyst at Liberum. “It will take time to shake out that ratio. No one’s going to jump in with both feet on day one.”

Anglo Chief Executive Officer Mark Cutifani has previously acknowledged that the company probably missed the best opportunity to get the highest price for its coal assets. Instead, he said the focus was on handing over the mines in a responsible way. After exiting South African coal, Anglo still owns a coal mine in Colombia and coking coal assets in Australia.

The spinoff represents the latest in a series of shifts in ownership of coal operations around the world, as the biggest producers seek to offload their assets while some other investors see it as an opportunity to generate cash from the unloved mines.

Coal prices are also surging, as a spike in demand coincides with production problems at several major miners. That offers the potential for windfall profits for investors still prepared to invest in miners such as Thungela.

Thungela opened at 25 rand a share in Johannesburg, where the company has its primary listing, before dropping to 21.90 rand as of 5:45 p.m. local time. The stock opened at 150 pence in London, before declining 26%.

“It does appear to be trading below expectations,” said Stephen Meintjes, head of research at Momentum Securities in Johannesburg. The stock may be coming under pressure because of concern over mine-rehabilitation provisions, he said, which were one of the issues raised on the weekend by short seller Boatman Capital.

“The other factor could simply be that international holders who are averse to coal and for whom the holding is immaterial simply want to clear it out of their portfolios.”

Boatman said on Sunday Thungela is worthless because of the projected environmental clean-up costs when its mines are closed over the next decade. Responding to Boatman’s research report, Anglo said the provision on Thungela’s balance sheet is “over and above the regulatory guidance applicable to miners in South Africa.”

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

While Lynas Rare Earths Limited (ASX:LYC) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 12% in the last quarter. But that doesn't change the fact that the returns over the last half decade have been spectacular. In that time, the share price has soared some 688% higher! Arguably, the recent fall is to be expected after such a strong rise. The most important thing for savvy investors to consider is whether the underlying business can justify the share price gain.

Anyone who held for that rewarding ride would probably be keen to talk about it.

View our latest analysis for Lynas Rare Earths

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During the five years of share price growth, Lynas Rare Earths moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

What about the Total Shareholder Return (TSR)?

We'd be remiss not to mention the difference between Lynas Rare Earths' total shareholder return (TSR) and its share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. We note that Lynas Rare Earths' TSR, at 699% is higher than its share price return of 688%. When you consider it hasn't been paying a dividend, this data suggests shareholders have benefitted from a spin-off, or had the opportunity to acquire attractively priced shares in a discounted capital raising.

A Different Perspective

It's good to see that Lynas Rare Earths has rewarded shareholders with a total shareholder return of 148% in the last twelve months. That's better than the annualised return of 52% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Lynas Rare Earths better, we need to consider many other factors. For example, we've discovered 3 warning signs for Lynas Rare Earths that you should be aware of before investing here.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

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

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

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

QUEBEC, June 07, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) has arranged a non-brokered private placement at 0.13 cents per unit, for total gross proceeds of $700,000, to accommodate strong demand from investors following its just-completed private placement at 0.09 cents per unit (refer to June 4, 2021 news release).

This new financing will consist of the sale of up to 5,384,615 units of Stelmine (the "Units") at a price of $0.13 per Unit with each Unit comprising one common share of Stelmine and one half of a share purchase warrant. Each full warrant will entitle the holder to acquire one common share of the Company at $0.20 for a period of 36 months from issuance.

The proceeds of the Offering will be used for exploration on the Courcy and Mercator Projects in the Caniapiscau Region and for general working capital purposes. Finders’ fees may be paid in connection with the private placement.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. The Common Shares issued pursuant to the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or for the account or benefit of U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 sq. km in this part of northern Quebec, highlighted by the Courcy and Mercator Projects.

Forward-Looking information

Certain information in this press release may contain forward-looking statements, such as statements regarding the expected closing of and the anticipated use of the proceeds from the Offering, acquisition and expansion plans, availability of quality acquisition opportunities, and growth of the Company. This information is based on current expectations and assumptions (including assumptions in connection with obtaining all necessary approvals for the Offering and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include those relating to the ability to complete the Offering on the terms described above. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators. The filings are available at www.sedar.com.

Cautionary Statement

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

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

For further information, contact:

Isabelle Proulx, President and CEO
Email: iproulx@stelmine.com
Tel : 418-626-6333

Follow us on:

Website : https://stelmine.com/en/
Twitter : https://twitter.com/Stelmine1
LinkedIn : http://www.linkedin.com/company/stelmine-canada-ltd
Facebook: https://www.facebook.com/StelmineCanada/

Exhibit 1 – Compilation map and 2021 drill plan

Exhibit 1 – Compilation map and 2021 drill plan

Exhibit 2 – Table of Diamond Drill Results

Exhibit 2 – Table of Diamond Drill Results

Exhibit 3 – 2018 and 2021 MAG-VLF Survey Area, Lingman Lake property

Exhibit 3 – 2018 and 2021 MAG-VLF Survey Area, Lingman Lake property

TORONTO, June 07, 2021 (GLOBE NEWSWIRE) — Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce the first three diamond drill holes (515 metres) of its ongoing 15 diamond drill hole (3,260 metres) winter-spring drill campaign at its 100% owned Lingman Lake Gold Project (“Project”). Drilling was designed to expand the known envelope of mineralization on the western side of the diabase dike (Exhibit 1). The Company expects several batches of diamond drill hole assay results to be released over the coming four to six weeks.

Highlights:

• Drill hole 21-03 intersected 14.90 g/t gold over 1.0-metre in the Central Zone.

• Drill hole 21-15 intersected 5.81 g/t gold over 6.0-metres, including 12.20 g/t over 1.0-metre at a vertical depth of 80-metres in the West Zone.

• A 3D Induced Polarization (“IP”) survey is scheduled for June 14^th to help fingerprint the historical resource and to use that as a signal to guide the summer drill campaign.

• A property wide LIDAR survey is expected to commence soon after the 3D IP. The survey will enhance surface and bedrock features to assist in target selection for the summer’s prospecting program.

• A high resolution Magnetic and Matrix Very Low Frequency Electromagnetic (VLF) survey is scheduled to flown over the new claims this summer (Exhibit 3).

“We are incredibly pleased that the team successfully intersected and expanded the Lingman Lake West Zone of mineralization. Drilling continues to expand both strike and depth potential and remains open to further drilling. These three holes highlight strong geological-alteration and structural features conducive to gold mineralization. We believe we have good potential to expand the West Zone’s historical estimate** and look forward to the next batch of results which is expected to be ready in the coming weeks. Nordmin Engineering continues to work on converting the historical estimate to NI 43-101 compliance in conjunction with a maiden NI 43-101 resource within the next 18 months. The upcoming geophysical surveys will help us to plan the next phase of drilling during the upcoming summer program.”

Robert Vallis – President, CEO, and Director

**Cautionary note: The property hosts a historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) inclusive of the West Zone containing a historical estimate of 109,215 tonnes grading 7.54 g/t. The quantity reported as Historical estimate is historic in nature . The issuer is not treating the Historical estimate as a Current resource estimate. A qualified person has done sufficient work to classify the Historical estimate as a Current resource estimate.

Geology and Diamond Drill hole Details (see Exhibits 1 and 2):

Drill hole 21-03 intersected the West Zone from 211.0-metres to 243.0-metres. The best intervals returned 1.74 g/t over 4.0-metres from 217.0-metres to 221.0-metres and sub-grade values from 233.0-metres to 237.0-metres. This wide intercept of 32.0-metres displays West Zone style attributes of intermittent silicification, structure and sulphide mineralization The West Zone intercept highlights that at a vertical depth of 182.0-metres the system is strong and pervasive.

In addition, 21-3 intersected the Central Zone from 52.0-metres to 58.0-metres. Two intercepts one from; 119.0-metres to 120.0-metres returned 7.52 g/t and the other from 155.0-metres to 159.0-metres returned 4.16 g/t which includes 1.0-metre of 14.90 g/t. The interpretation of these intersections is pending.

Drill hole 21-15 intersected 5.81 g/t over 6.0-metres including 12.2 g/t over 1.0-metre at a vertical depth of about 80-metres. The hole was drilled in a 100-metre section of no drilling between hole 18-01 which assayed 12.15 g/t over 9.5-metres and 89-16 which assayed 4.1 g/t 6.6-metres. Significantly the core interval continued to display variable intensity of silicification with sulphide mineralization and structure typical of the West Zone.

An earlier intercept in this hole from 66.0-metres to 70.0-metre of sub-grade values correlates with the West Zone splay, located about 24-metres south of the West Zone.

Additionally, drill hole 21-02 intersected 1.78 g/t over 2.0-metres at a vertical depth of about 82-metres and at a lateral distance of 105-metres east from the West Zone mineralization envelope, and about 40-metres west of the post-mineralization diabase dike. The West Zone which occurs from 107.0-metres to 113.0-metres has an atypical feature of sold quartz vein from 107.0-metres to 113.0-metres. In the interval 107-meteres to 109-metres, the zone exhibits its usual characteristics of silicification pyrite and pyrrhotite mineralization and fault gouge.

In summary, these three holes highlight that the West Zone has strong geological-alteration and structural features conducive to gold mineralization. Pending results will further add to developing a solid base for future resource drilling.

Geophysical and LIDAR Survey:

To update on upcoming exploration; a 3D induced polarization survey is on schedule to commence June 14^th. The survey is designed to cover the Lingman Lake gold zone over the mine environment and beyond over a strike length of 2,400-metres. The survey will reach depths of 500-metres. This survey will capture resistivity and chargeability associated with the Lingman Lake gold zones providing specific target areas for the next stage of drilling.

Furthermore, at about the same time, the property wide LIDAR survey should commence and cover an area of approximately 27,113-hectares. This survey will enhance surface and bedrock features such as structure and folding to assist in target selection for this summer’s prospecting programs.

During the summer, the high Resolution magnetic and Matrix VLF survey will be flown over the new ground acquired in 2020 and 2021. This survey, covering 17,602-hectares will tie into the 2018 survey and provide property wide Magnetic and VLF data. This data will compliment to the LIDAR survey to assist with target identification and selection for future follow-up programs.

Graphics accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5fa4d5d0-ddd7-4fdf-8c20-21b98da9da4e

https://www.globenewswire.com/NewsRoom/AttachmentNg/347d5293-afc9-47ec-b0ad-6dedb951f674

https://www.globenewswire.com/NewsRoom/AttachmentNg/eba47ce4-249a-4e5f-87b5-89ce1d273de3

About Signature
The Lingman Lake gold property consists of 1,434 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 27,113 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com

To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca , or contact:

Jonathan Held
Chief Financial Officer
416-270-9566

Cautionary Notes

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

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to completion of the IP, LIDAR and VLF surveys, changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

• In February-March Rogue Stone sold 4,490 tons realizing an average price of $86/ton

• Average value of limestone sold continues to rise with increased demand for higher value products

• Extended the term on the existing $1.8M debt financing to December 3, 2021

TORONTO, ON / ACCESSWIRE / June 7, 2021 / Rogue Resources Inc. (TSXV:RRS) ("Rogue" or the "Company") is pleased to announce that Quarry Operations for Rogue Stone continued through the spring and early summer with growing demand for Rogue's limestone products. During the months of April and May, the Company sold a total of 4,490 tons of limestone for gross revenue of $387,296 and are in line with the sales expectations. Rogue Stone has also seen an increase in the value of the limestone sold as the demand for the higher value limestone products, including steps, wall stone and flagstone, begins to pick up with the arrival of the warmer weather.

"We are pleased to see that the demand and sales of limestone continue to meet or exceed expectations.", said Mr. Samson. "We anticipate that our sales volume will continue to increase through the summer."

Debt Financing- extending current facility
Rogue has elected to extend its $1.8M debt financing (the "Debt Facility") with a leading Canadian, non-bank lender (the "Credit Group"). The Debt Facility is secured against all of the Company's assets and will be extended for 6 months. The financing originally had a 12-month term, to which 3 months were added almost immediately when the Company negotiated relief around the early impact of COVID-19 (for further detail see the March 5, 2020 and April 27, 2020 news releases). The Debt Facility has interest-only payments until the principal is due in full at maturity, carrying an interest rate equal to the higher of prime plus 8.05% or 12%. There were no penalties or further fees related to the extension.

"Though expensive, the Debt Facility has financed the acquisition and growth of the Rogue Stone business and allowed the Company to pivot into a new cash flowing business", said Sean Samson, President and CEO of Rogue. "The Credit Group have been good partners, especially through the early challenges of the pandemic, but I look forward to securing lower interest financing after another spring and summer of performance from the stone business."

About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and quality deposits that can withstand all stages of the commodity price cycle. The Company includes Rogue Stone selling quarried limestone for landscape applications from two operating quarries in Ontario; Rogue Quartz focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Québec; Rogue Timmins with the gold potential at Radio Hill and an ownership position in the private company EV Nickel, exploring in the Shaw Dome.

Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

For more information visit www.rogueresources.ca or contact:

+1-647-243-6581
info@rogueresources.ca

Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "believes", "anticipates", "expects", "plans", "intends", "target", "estimates", "projects", "continue", "potential" and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the following: closing of future tranches of the Private Placement.

The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of the Company including, without limitation: business strategies and the environment in which the Company will operate in the future; commodity prices; exploration and development costs; mining operations, drilling plans and access to available goods and services and development parameters; regulatory restrictions; the ability of the Company to obtain applicable permits; the ability of the Company to service its debt obligations; the Company's ability to qualify for government funded support programs; the Company's ability to raise capital on terms acceptable to it or at all; activities of governmental authorities (including changes in taxation and regulation); currency fluctuations; the unpredictable economic impact of the COVID-19 pandemic, including the acquisition of equipment and recruitment of human resources required for the sales expansion; the global economic climate; and competition.

The Company believes that the material factors, expectations and assumptions reflected in the forward-looking statements contained in this news release are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation, those risks identified in the Company's most recent annual and interim management's discussion and analysis, copies of which are available on the Company's SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.

The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

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

SOURCE: Rogue Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/650803/Rogue-Update-Landscape-Stone-Sales-continue-through-April-and-May-Extends-Debt-Facility

Director/PDMR Dealing – Further information

LONDON, UK / ACCESSWIRE / June 7, 2021 / Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE:APF, TSX:APY)

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described at the beginning of this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Anglo Pacific Group PLC

View source version on accesswire.com:
https://www.accesswire.com/650651/Anglo-Pacific-Group-PLC-Announces-DirectorPDMR-Dealing

Raise sell stops to $31 and raise your price target on the balance of your position to $55. The On-Balance-Volume (OBV) line has been relatively stable since early January and is not too far from making a new high to confirm the price gains. The weekly OBV line shows slightly higher lows the past few months suggesting that buyers of FCX are still being more aggressive than sellers.

24 Featured Companies
Sponsored by Laurentian Bank Securities

Keynote Speakers
Barry Allan – Managing Director, Research, Laurentian Bank Securities
David Garofalo – CEO, Gold Royalty Corp.
Pierre Lassonde – Chairman, Firelight Investments
Byron King – Editor, Whiskey & Gunpowder
Jamie Horvat – CIO, Oberon Capital

Toronto, Ontario–(Newsfile Corp. – June 7, 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 announce Virtual Investor Day IV ("VID IV"), which will be held on June 8, 9, 10, 2021.

IR.INC and FTMIG invite you to join us for a three-day lineup of up to 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.

VID Virtual Series Conferences^TM provides a unique and completely interactive experience 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.

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 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.cawww.irinc.ca

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86754

LAKEWOOD, Colo., June 7, 2021 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), the number one U.S. producer of uranium and an emerging U.S. producer of rare earth elements, is pleased to announce that it will be a Hall of Fame Presenter at the upcoming LD Micro Invitational XI virtual event on Tuesday, June 8 at 11:00 AM ET.

Mark S. Chalmers, President and CEO of Energy Fuels, will discuss the Company's growing, monazite-based rare earth element ("REE") business under which Energy Fuels recently began ramping up U.S. production of an intermediate REE product, called a mixed REE carbonate, at its White Mesa Mill in Utah. Upon successful ramp-up, this will be a product ready for separation into individual REE oxides. The Company expects to sell this product to a processing facility owned by Neo Performance Materials in Europe. At that point, Energy Fuels and Neo will have integrated a U.S.-Europe rare earth supply chain decoupled from China. The Company is also advancing toward building its own REE separation capabilities at the mill in the coming years, in addition to potentially metal-making and alloying, thereby fully integrating a U.S.-centric rare earth supply chain available to supply growing clean energy markets, including electric vehicles (EVs) and renewable energy systems.

Chris Lahiji, Founder of LD Micro stated: "The Hall of Fame not only highlights companies that have achieved a high rate of return but have also been beneficial to society. I think the world of Energy Fuels and its management, and I'm very proud of what they have achieved. We are looking forward to hosting them at the invitational."

Event: Energy Fuels' Hall of Fame Presentation at the LD Micro Invitational XI
Date: Tuesday, June 8, 2021
Time: 1:00 pm ET (11:00 am MT)

Please register to watch the presentation here.

Summary of LD Micro Invitational XI Event

The 2021 LD Micro Invitational will be held on the Sequire Virtual Events platform on Tuesday, June 8th – Thursday, June 10th, 2021. The festivities run from 7:00 AM PT – 3:00 PM PT / 10:00 AM ET – 6:00 PM ET each day.

This three-day, virtual investor conference is expected to feature around 180 companies, presenting for 25 minutes each, as well as several influential keynotes. The first day of this conference will also feature an exceptional one-time event: the LD Micro Hall of Fame.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U₃O₈ to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is in the process of ramping-up to expected commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery ("ISR") Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U₃O₈ per year, and has the ability to produce vanadium when market conditions warrant, as well as REE carbonate and uranium from Monazite. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U₃O₈ per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels' common shares is the NYSE American under the trading symbol "UUUU," and the Company's common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels' website is www.energyfuels.com.

Cautionary Note Regarding Forward-Looking Statements: This news release contains "forward-looking information" within the meaning of applicable securities laws in the United States and Canada. Forward-looking information may relate to future events or future performance of Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Energy Fuels' objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: Energy Fuels ability to maintain its current position as the leading U.S. producer of uranium; the ability of the White Mesa Mill to produce a mixed REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; the ability of Neo to separate REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; the ability of the Company to license, permit, and construct the infrastructure required to produce separated rare earth oxides and rare earth metals and alloys; and market factors including future demand and prices for rare earths, and the ability of the company to supply EV and renewable energy markets. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: Energy Fuels ability to maintain its current position as the leading U.S. producer of uranium; the ability of the White Mesa Mill to produce a mixed REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; the ability of Neo to separate REE carbonate to meet commercial specifications on a commercial scale at acceptable costs; the ability of the Company to license, permit, and construct the infrastructure required to produce separated rare earth oxides and rare earth metals and alloys; and market factors including future demand and prices for rare earths, and the ability of the company to supply EV and renewable energy markets. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law.

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SOURCE Energy Fuels Inc.

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If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at Red River Resources (ASX:RVR) and its trend of ROCE, we really liked what we saw.

Understanding Return On Capital Employed (ROCE)

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Red River Resources is:

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

0.14 = AU$11m ÷ (AU$102m – AU$24m) (Based on the trailing twelve months to December 2020).

Thus, Red River Resources has an ROCE of 14%. On its own, that's a standard return, however it's much better than the 8.9% generated by the Metals and Mining industry.

See our latest analysis for Red River Resources

In the above chart we have measured Red River Resources' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Red River Resources here for free.

What The Trend Of ROCE Can Tell Us

We're delighted to see that Red River Resources is reaping rewards from its investments and is now generating some pre-tax profits. The company was generating losses five years ago, but now it's earning 14% which is a sight for sore eyes. In addition to that, Red River Resources is employing 272% more capital than previously which is expected of a company that's trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance.

On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Essentially the business now has suppliers or short-term creditors funding about 23% of its operations, which isn't ideal. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.

The Key Takeaway

Overall, Red River Resources gets a big tick from us thanks in most part to the fact that it is now profitable and is reinvesting in its business. Since the stock has returned a solid 55% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.

If you want to continue researching Red River Resources, you might be interested to know about the 1 warning sign that our analysis has discovered.

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high 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.

TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

KELOWNA, BC, June 7, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or "the Company") is pleased to announce that, as part of its progress towards the Feasibility and Environmental Assessment phases for the PLS project in Saskatchewan, Canada, the Company is continuing to build mutually respectful, transparent and productive relationships with all local rights-holders and stakeholders. This includes the recently-signed Engagement and Capacity agreement with the Clearwater River Dene Nation ("CRDN") (see news release dated March 25, 2021). The agreement strengthens the positive working relationship and establishes a foundation for Fission and CRDN to negotiate a long-term impact benefit agreement if the PLS Project is approved.

The processes covered by the agreement include:

• Prepare, facilitate and coordinate Project information sharing meetings between CRDN and Fission;

• Facilitate and conduct community information meeting on status of the Project;

• Draft, contribute to, review, and provide comments on draft documents leading to Environmental Impact Statement;

• CRDN Comments on draft project description and final project description;

• Joint review and concurrence on target information to be addressed via Engagement Activities; and

• Joint work and collaboration on scope of Engagement Activities and supporting budget.

To achieve the outcomes of these processes in a meaningful and collaborative way, Fission and CRDN have established open lines of communication, and connect regularly by phone, email, and/or meeting. This active, open approach has been paired with a shared communications and commitment tracking log, requested by CRDN, to create a consistent, transparent, and accountable way to raise and address questions, information requests, and concerns, in a timely and efficient manner.

As part of the Agreement, Fission is funding ongoing engagement work by CRDN, including an Indigenous rights & knowledge study and a traditional land & cultural impact assessment study. These studies will inform CRDN and Fission, and will be incorporated into the ongoing assessment of Fission's Patterson Lake South Project.

Chief Clark commented, "CRDN is not against economic development in our traditional territory and appreciate the steps Fission Uranium is taking on their approach on dealing with the concerns of the Nation. The Clearwater Dene Nation knows the obligation for consultation, accommodation and reconciliation belongs to the governments. We will never have another 'Cluff Lake" in our lands. We welcome companies that want to learn about our Nation and our constitutionally protected rights to the lands like Fission."

Patterson Lake South Property

The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes the nearby Nexgen Arrow deposit located 3km to the east and UEX-Areva Shea Creek discoveries located 50km to the north.

This news release has been prepared in accordance with the Fission and Clearwater River Dene Nation engagement process.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol., President and CEO for Fission Uranium Corp., a qualified person.

About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit – and is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

ON BEHALF OF THE BOARD

"Ross McElroy"

Ross McElroy, President and CEO

Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: risks related to the Offering, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

SOURCE Fission Uranium Corp.

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(Bloomberg) — The world’s biggest fertilizer company Nutrien Ltd. said it plans to boost its potash production by about half a million metric tons more than it previously expected this year amid strong global demand and just days after rival Mosaic Co. was forced to cut output.

The Canadian firm has already sold all of its potash through September based on its original production goals for the year and will require active hiring to boost output across all of its mines, including ramping up its Vanscoy facility in Saskatchewan. The move follows an announcement by its competitor Mosaic to shut two shafts of its flagship potash mine in Canada just ahead of schedule.

“We are responding to strong market fundamentals to ensure our customers have the crop inputs they need to feed a growing population,” said Ken Seitz, Nutrien’s chief executive of potash.

Nutrien expects the higher production to boost its profits in the second half of the year. The move also comes rising crop prices are spurring farmers to use more fertilizer to maximize yields.

Nutrien’s shares rallied as much as 2.2% to a record $65.93 a share. The fertilizer producer was formed in 2018, when Agrium Inc. and Potash Corporation of Saskatchewan Inc. merged.

The company could also benefit with the European Union set to hit Belarus with sanctions which could target that country’s potash and further tighten the global market.

“Nutrien is appropriately using a premium built in granular markets in recent days, due to perceived economic sanctions that will impact Belaruskali potash trade,” Scotiabank Equity Research analyst Ben Isaacson said in a note.

Mosaic was forced to close its mines ahead of schedule because it could have put employees at risk, Chief Executive Joc O’Rourke said at an investor conference call Monday. O’Rourke also said that he expects the global potash tightness to be exacerbated by the loss of his firms 1 million tons of production.

“We believe this tightness will continue well into 2022, as the outlook for new supply over the next few years is relatively limited,” O’Rourke said.

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

A Relative Strength Rating upgrade for Albertsons Companies shows improving technical performance. Will it continue?

Vancouver, British Columbia–(Newsfile Corp. – June 7, 2021) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces that it has engaged a team of international senior executives providing strategic advisory services in order to further develop and market its unique lithium resources in Chile. The advisory services include the evaluation and introduction of potential long term strategic partners with a focus on the European market in particular the German automotive industry.

Hendrik van Alphen, CEO of Wealth, commented: "This is part of Wealth's strategy to move from a pure asset acquirer to a developer and ultimately towards an operating lithium production company. Given Europe's own limited lithium resources and its big EV-market this is a key region for Wealth. The new strategy is a new milestone in our company history. We are therefore highly optimistic for an extremely bright future for our company and our world class asset. The current events and the approaches we are receiving are exceptionally encouraging."

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company's main focus is the acquisition and development of lithium projects in South America. To date, the Company has positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company has a substantial licenses package.

Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors ofWEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact: 

Marla RitchiePhone: 604-331-0096 Ext. 3886 or 604-638-3886E-mail: info@wealthminerals.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, anticipated exploration program results from exploration activities, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86681

Figure 1

Isabella district showing areas of detailed mapping in the Isabella Oriental and Docamavida prospect areas. The mapping has identified a linear band of volcanics adjacent to the southern contact of the Isabella granite. Detailed maps for each area are shown in Figures 2 and 5.

Figure 2

Geological map of the eastern part of the Isabella Oriental property block. The presence of extensive structurally-controlled quartz veins was confirmed associated with leucogranite.

Figure 3

Photos of vuggy quartz vein rubble found adjacent to historical mine pits in the Docamavida prospect area.

Figure 3

Exposed quartz vein-breccia.

Figure 4

Geological map of the Docamavida prospect area showing distribution of quartz veins and mafic dykes and tourmaline breccia in the south part of the prospect.

Figure 4

Samples of quartz-tourmaline dyke rock (top) and quartz breccia vein from fault zone adjacent to the metasediment inlier (lower).

TORONTO, June 07, 2021 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) has mapped an area of extensive quartz veins in the newly staked Isabella Oriental concession block. Mapping has also been extended to the Docamavida area south of Isabella where a new style of gold occurrence has been discovered. Both areas are outside of the target areas undergoing drill testing by the Company.

Dr Tony Harwood, President of Montero commented: “I am pleased to confirm by mapping an extensive vein system identified in recently staked Isabella Oriental area to the east of the current drilling program. Our mapping has also discovered a new gold occurrence associated with tourmaline breccia dykes in the Docamavida area to the south. The mapping confirms that granite-hosted gold-silver mineralized quartz veins extend along the entire 12 kilometers of the southern granite sediment contact in the Isabella district.”

The Company has completed a detailed mapping program in select areas to better understand the occurrences of mineralized quartz veins and their spatial association within and adjacent to leucogranite (Figure 1). The mapping has identified a narrow (200 m) band of volcanic rocks that extends in an east-west direction adjacent to the southern contact of the Isabella granite. The volcanic unit is host to numerous gossan breccia boulders that occur south of the Isabella East property and which have been previously described by the Company.

Isabella Oriental Detailed Map Area
The mapping has identified numerous structurally controlled quartz veins that are spatially associated with a leucogranite phase of the Isabella granite. Previous sampling of the veins prior to Montero reported assays up to 0.56 g/t Au and 19 g/t Ag. Two dominant quartz vein systems are identified; a 1.25 km long north-east trending vein array, and a 1 km long north-south trending vein array. Individual quartz veins are up to 3 m in width. Mapping has also confirmed the extent of volcanic rocks within the metasediments along the southern contact of the Isabella granite pluton. Quartz veins have been identified within the volcanics and also in metasediment adjacent to the leucogranite and represent exploration targets for potential Au-Ag mineralized quartz veins.

Docamavida Map Area
The Docamavida area is located south of the Mataquito river (Figure 1) and was the site of historical mining activity. Previous exploration prior to the acquisition by Montero identified abundant quartz boulders at surface and also quartz veins within granitic rock (Figure 3). Reported assays of exposed veins range up to 2.5 g/t Au and 12 g/t Ag with high concentrations of arsenic of up to 3,000 ppm As. The Isabella veins to the north, in contrast, contain very low As concentration.

The quartz veins at Docamavida display massive to breccia textures with evidence of repeated faulting along vein margins. Individual veins are up to 2.5 m in width and up to 100 m in strike length. Veins have a lenticular morphology and form part of a more extensive extensional vein system.

Mapping confirmed the presence of historical mine pits and exposed quartz veins. The veins are controlled within north-east structures and occur within a leucogranite similar to that described in the Isabella area to the north and also within fault zones along the contact with metasediment inliers (Figure 4). Samples of quartz veins collected by Montero from a fault zone assayed up to 0.69 g/t Au and 1,144 ppm As. The mapping also discovered an area of quartz tourmaline breccia dykes in the southern part of the property for which samples collected by Montero assayed up to 1.4 g/t Au and 183 ppm Bi. Montero will continue to evaluate areas of the Isabella properties as part of a district wide resource assessment.

Summary
The detailed mapping provides for some important exploration assumptions. Based on the recent mapping the volcanic and granite rocks defined at Isabella post-date formation of the Triassic sediments. Both rock types are interpreted to have developed during the Jurassic to Cretaceous periods. Previous mapping by Munoz (1995) reported that similar volcanics near the town of Hualane to be of Upper Jurassic age and coeval with a series of small intermediate intrusive bodies that occur within volcanics. As such, an assumed early to mid-Jurassic age for the volcanic linear mapped along the southern contact at Isabella is consistent with the Munoz interpretation.

The interpretation of a roof pendant of meta-sediments and volcanics within the leucogranite in Isabella Oriental indicates the granite pluton to be younger than both rock types. Field relationships also suggest the leucogranite phase formed within an upper part of the granite pluton and could be a younger, more differentiated phase of the Isabella granite. The spatial association of Au-Ag mineralized quartz veins with intermediate-felsic intrusive and volcanics of Jurassic to later Cretaceous age have been documented in the Talca area to the south-east where the Chepica Au-Ag-Cu mine occurs and also to the north near Rancagua where Yamana operates the Minera Florida mine. These observations indicate that further exploration is warranted in the Isabella district which has similar geological features.

Qualified Person Statement
This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr. Sci. Nat., who is a qualified person for the purpose of National Instrument 43-101 and a Consulting Geologist to Montero. A review was also undertaken by Sr. Marcial Vergara B.Sc. who is resident of Chile and a Qualified Person for the purpose of National Instrument 43-101 and a technical advisor to Montero. Sr. Vergara has extensive experience in gold exploration in Chile.

About Montero
Montero is a junior exploration company focused on finding, exploring, and advancing globally significant gold deposits in Chile. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Chile. Montero’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 38,647,485 shares outstanding.

For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: ir@monteromining.com Tel: +1 416 840 9197 | Fax: +1 866 688 4671 www.monteromining.com

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the HOA, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the HOA on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/7b4c33f8-1027-4b07-8325-0d8c4c901b49

https://www.globenewswire.com/NewsRoom/AttachmentNg/adb24a01-cf88-4a75-ae73-310d222174d1

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https://www.globenewswire.com/NewsRoom/AttachmentNg/43dd8dd7-156b-4775-aa11-23a35b510eac

LONDON and VANCOUVER, British Columbia, June 07, 2021 (GLOBE NEWSWIRE) — Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that Mkango and Grupa Azoty Zakłady Azotowe ”Pulawy” S.A. (“Grupa Azoty PULAWY”) (together the “Parties”) have agreed to work together towards development of a rare earth separation plant (the "Plant”) in Poland.

A new Polish wholly owned subsidiary of Mkango, Mkango Polska, has been established and a highly experienced Country Director for Poland, Dr Jarosław Pączek, has been appointed, together with rare earth separation experts, Carester, and a strong team of technical advisors and engineers.

Grupa Azoty PULAWY (Warsaw Stock Exchange: ZAP) is part of The Grupa Azoty Group, the European Union’s second largest manufacturer of nitrogen and compound fertilizers, and a major chemicals producer. Its products are exported to over 20 countries around the world, including Europe, the Americas and Asia.

The Parties have signed an exclusive lease option agreement for a site adjacent to Grupa Azoty PULAWY’s large scale fertiliser and chemicals complex at Pulawy in Poland, which provides excellent infrastructure, access to reagents and utilities on site, and an attractive operating environment, resulting in a highly competitive operating cost position for the Plant, based on scoping studies to date.

Located within a Polish Special Economic Zone, the site provides excellent access to European and international markets. Production from the Plant will strengthen Europe’s security of supply for rare earths, used in electric vehicles, wind turbines and other green technology and strategic applications, and aligns with European initiatives to create more robust, diversified supply chains.

Development of the Plant is expected to bring significant benefits to the Mkango group:

• Higher value-added products with increased margins – targeting 2,000 tonnes per year of separated neodymium (Nd) / praseodymium (Pr) oxides, and 50 tonnes per year dysprosium (Dy) and terbium (Tb) oxides in a heavy rare earth enriched carbonate

• Greater integration – plant development fully underpinned by sustainably sourced, purified mixed rare earth carbonate from Mkango’s Songwe Hill operations, with other synergies being evaluated

• Increased marketing flexibility with a broader range of potential customers – future opportunities to produce and market separated heavy rare earths

• Catalyst for regional growth and the green transition – potential for further downstream developments and related businesses, including renewables, creating additional jobs in the region

Engagement with financial institutions is underway to accelerate development, and additional strategic partnerships, downstream developments and marketing opportunities are being evaluated.

Feasibility studies for the Plant are being undertaken in parallel with Mkango’s Songwe Hill rare earths project (“Songwe”) in Malawi and other opportunities, including Mkango’s interest in HyProMag Limited, which is developing production of short loop recycled rare earth magnets in the UK.

William Dawes, Chief Executive of Mkango stated: “Development of this Plant will underline Mkango’s unique positioning in the rare earths sector. Our integrated “mine, refine, recycle” strategy, encompassing sustainably sourced light (NdPr) and heavy (Dy/Tb) rare earths from Malawi and rare earth magnet (NdFeB) recycling in the UK, via our interest in HyProMag, is now enhanced by the opportunity to create a rare earths separation and downstream hub in Poland, working with one of Europe’s largest chemical and fertilizer companies.

“Rare earths are a vital component of magnets required in many technologies needed for the green energy transition. Therefore, their security of supply is becoming increasingly important to governments worldwide, especially in Europe and the US. We have carried out extensive due diligence on the site and believe the development of the Plant in Poland will enhance the sustainable supply of rare earths into Europe, as well as bringing significant benefits to the region, creating new jobs and potential, additional, downstream developments.

“We very much look forward to working with Grupa Azoty PULAWY and our partners worldwide to create value for all stakeholders and contribute to development of a more robust and sustainable rare earths supply chain.”

Andrzej Skwarek, Management Board Member of Grupa Azoty PULAWY stated: “We look forward to working together with Mkango on this exciting project, which complements the adjacent activities of Grupa Azoty PULAWY, benefiting from synergies in relation to reagents, by-products, utilities and infrastructure. As an industry leader in Poland, Grupa Azoty PULAWY welcomes this potential new development to the region and will continue to support Mkango as it progresses through the feasibility studies.”

Jarosław Pączek, Mkango’s Country Director for Poland stated: “This is a very exciting development for Poland at a time when Europe is focused on strengthening supply chains for critical materials and transitioning to a greener economy. The creation of a new European hub for rare earths at the heart of central Europe in Poland complements battery, electric vehicle and renewable energy developments in the region, with a site strategically located for European trade and transport routes and benefiting from plug and play access to reagents and utilities. I look forward to working with Mkango and Grupa Azoty PULAWY on this groundbreaking project for Poland and Europe.”

Pulawy Rare Earths Separation Plant

The Plant is expected to initially produce approximately 2,000 tonnes per year of neodymium, praseodymium and / or didymium (NdPr) oxides as well as a heavy rare earth enriched carbonate, containing approximately 50 tonnes per year dysprosium and terbium oxides. It is also expected to produce lanthanum cerium carbonate. Mkango is evaluating marketing and processing options for the heavy rare earth enriched carbonate and lanthanum cerium carbonate. The Plant will use best-in-class, conventional and proven technology, and will benefit from excellent rail and road infrastructure as well as the direct supply of the required processing reagents from Grupa Azoty PULAWY. It will also have access to a local skilled workforce, on-site engineering and project development expertise and R&D science institutes.

Based on scoping studies undertaken to date, the Plant is expected to have highly competitive operating costs.

Feasibility Studies and Technical Team

Extensive scoping studies and due diligence has been completed to date on the Plant site. Further feasibility studies will be completed by Carester, SENET (a DRA Global Group Company) and a local engineering firm, Prozap, together with support from Grupa Azoty PULAWY. The Carester team has extensive operating and advisory experience in rare earth separation at industrial scale, and will also provide ongoing technical support during construction and operation of the Plant. Mkango is also working closely with ANSTO to optimise feed specifications for the Plant.

Mkango will also be supported by its Chief Technical Advisor, Mike Vaisey, formerly Vice President, Research and Technology, for Lynas Corporation. Mr Vaisey has 25 years of international experience in the mining and chemical industries, in senior operational and technical development roles, with a track record of successful technology commercialisation.

Development of the Plant is expected to be underpinned by the sustainable supply of a purified mixed rare earth carbonate from Mkango’s Songwe Hill project in Malawi. Mkango will also evaluate the potential to process third party feeds.

The feasibility studies for the Plant will run in parallel with those for the Songwe Hill rare earths project.

The Company will seek to maximise the renewable energy content and minimise the carbon impact of the developments in both Malawi and Poland, as part of the feasibility studies.

Environmental and Social Benefits

In addition to synergies with the existing operations, the Plant is expected to bring significant benefits to Poland and the EU, including additional jobs and potential for further downstream value-added developments. It is also expected to support the development of a more robust supply chain for rare earths in Europe and other markets, catalysing the green transition globally.

Sustainability is integral to Mkango’s vision and the Company intends to implement robust sustainability policies in Poland to support the Company’s ethos of actively engaging with local communities as well as implementing and supporting community-based initiatives.

Mkango Polska

Mkango has established a Polish subsidiary, Mkango Polska, to develop the Plant and investigate other business opportunities in Poland. The Company has appointed Dr Jarosław Pączek as Country Director for Poland and to support the Company’s growth in the region. Dr Pączek has been appointed to the board of Mkango Polska.

Dr Pączek holds a PhD in law and is a corporate financier by training. Over his career in private equity, he led teams on many high-profile projects and has sourced and managed transactions in many different industries and geographies. Prior to his career in private equity, Dr. Pączek gained experience as the deputy general director of the largest Polish mobile phone operator and as a lawyer working for Hogan and Hartson, a Washington based law firm. Amongst his various affiliations he is a member of the Chartered Institute of Securities and Investment and a Fellow of the Chartered Institute of Arbitrators.

Scientific and technical information contained in this release has been approved and verified by Nicholas Dempers Pr.Eng (RSA) Reg. No 20150196, FSAIMM of SENET (a DRA Global Group Company), who is a "Qualified Person" in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects.

About Mkango

Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated ‘mine, refine, recycle’ strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.

Mkango is developing the 51% owned Songwe Hill rare earths project in Malawi with the ongoing Feasibility Study funded through a £12 million investment by strategic partner Talaxis Limited. Malawi is known as “The Warm Heart of Africa”, a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway. Following completion of the Feasibility Study, Talaxis has an option to acquire a further 26% interest in Songwe by arranging financing for project development including funding the equity component thereof.

In parallel, through its 75.5% interest in Maginito Limited (www.maginito.com), Mkango is developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet and separation technologies. Maginito holds a 25% interest in UK rare earth (NdFeB) magnet recycler, HyProMag Limited (www.hypromag.com).

Maginito’s strategy is underpinned by offtake rights for sustainably sourced primary and secondary raw materials from Songwe and HyProMag, respectively, and is geared to accelerating growth in the electric vehicle sector, wind power generation and other industries driven by decarbonization of the economy.

Mkango also has an extensive exploration portfolio in Malawi, including the recently announced Mchinji rutile discovery, for which assay results are pending, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.

For more information, please visit www.mkango.ca.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement may have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango, its business, the Plant and Songwe. Generally, forward looking statements can be identified by the use of words such as “plans”, “expects” or “is expected to”, “scheduled”, “estimates” “intends”, “anticipates”, “believes”, or variations of such words and phrases, or statements that certain actions, events or results “can”, “may”, “could”, “would”, “should”, “might” or “will”, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, governmental action relating to COVID-19, COVID-19 and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, factors relating the development of the Plant, including the outcome of the feasibility study, cost overruns, complexities in building and operating the Plant, changes in economics and government regulation, the positive results of a feasibility study on Songwe and delays in obtaining financing or governmental approvals for, and the impact of environmental and other regulations relating to, Songwe and the Plant. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

For further information on Mkango, please contact:

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

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

These two gases are some of the best options for zero-carbon fuel.

That could make them the hottest commodities on the planet … and the future stars of a multi-trillion-dollar energy transition.

Everyone from governments and institutions to Big Tech, energy companies, and the investing universe may get fully locked in.

The first gas is hydrogen, the simplest element on earth that makes up over 90% of all the atoms in the universe.

Investors are already taking note of this, and one report says that demand for hydrogen may rise eight-fold by 2050.

Governments across the world are taking action and spending trillions of dollars on clean energy infrastructure.

One report estimates the total investment necessary to meet the Paris Agreement targets that aim to keep global warming to below 1.5°C above pre-industrial temperatures is a staggering $131 trillion.

And now, after decades of multiple false dawns, we think the hydrogen economy is primed for a major takeoff.

Bank of America says hydrogen technology is at a tipping point and could be set to explode with a total market potential reaching $11 trillion by 2050.

Hydrogen has traditionally been regarded as a leading superfuel, but a hydrogen-powered economy is fraught with major challenges including high production costs and a high risk of fires due to hydrogen’s extreme flammability.

That’s where our second gas comes into play: Ammonia the answer to the hydrogen conundrum.

“Green ammonia” is now being viewed as the holy grail of these superfuels…

The ideal hydrogen carrier, ammonia may be used in the future to power everything from cars to vans, trucks, forklifts… even ships and jets.

All thanks to ammonia’s unique properties including being much safer to transport than hydrogen as well as being a much better hydrogen carrier than even liquefied hydrogen itself.

Over the past few years, visions of green ammonia's potential as an energy source and an energy carrier in a future carbon-free economy may have started to transition towards a viable reality.

And we think one company is positioning itself as a global leader in green ammonia production.

Michigan-based AmmPower Corp. (CSE:AMMP; OTC:AMMPF) is working on the development of a proprietary solution to produce green ammonia and hydrogen-based alternative fuel options for industrial-scale transportation platforms.

Green ammonia is produced using renewable energy, meaning, like green hydrogen, it has zero carbon footprint.

AmmPower is aiming be to the green ammonia industry what Plug Power Inc. (NASDAQ:PLUG) is to the hydrogen fuel cell industry: A pioneer developing disruptive technology and unique intellectual property (IP).

Here are four reasons we’re going to keep a close eye on AmmPower (CSE:AMMP; OTC:AMMPF) as our multi-trillion-dollar energy transition looks for its hydrogen solution:

#1 Possibly The Perfect Transition Fuel

At first glance, one might wonder why anyone would consider using anhydrous ammonia rather than hydrogen. Hydrogen, after all, contains much higher LHV (lower heating value) energy than ammonia (51,500 BTU/lb vs 7,987 BTU/lb or 119.93 kJ/g vs 18.577 kJ/g) on a weight basis.

But that’s the only advantage pure hydrogen has over ammonia.

Everywhere else where it really matters, ammonia looks like it beats hydrogen hands down.

Ammonia has several desirable characteristics that make it an effective hydrogen carrier and could make it an excellent transition fuel.

First off, on a volume basis (which is what really matters), ammonia is a much better hydrogen carrier than even liquefied hydrogen. The energy density of liquefied hydrogen is 8,491 kJ/litre compared to ammonia's 11,308 kJ/litre. Although ammonia contains 17.65% of hydrogen by weight, the fact that there are 3 hydrogen atoms attached to a single nitrogen atom allows ammonia to contain about 48% more hydrogen by volume than liquefied hydrogen. That is to say, a cubic meter of liquid hydrogen contains 71 kg of hydrogen compared with 105 kg for liquid anhydrous ammonia.

Second, ammonia can be liquefied under mild conditions, with a melting point of minus 33 degrees celsius compared to minus 253 degrees celsius for hydrogen. This makes it much easier to transport hydrogen as ammonia and transform it back. In fact, ammonia stores and handles very much like Liquefied Petroleum Gas (LPG). Its boiling point is -33.35 °C (-28.03 °F), slightly higher than propane, the main constituent of LPG, which has a boiling point of -42.07 °C (-43.73 °F). This means that ammonia can be stored in simple, inexpensive pressure vessels comparable to LPG vessels.

In contrast, the low energy density of compressed hydrogen gas makes storage and transport very expensive. Indeed, transporting compressed hydrogen gas any significant distance by truck can consume more energy in diesel fuel than what is contained in the hydrogen. Liquefied hydrogen is obviously more energy-dense than compressed hydrogen gas but a significant amount of energy must be expended to liquefy hydrogen and keep it refrigerated because its boiling point is a very low–423 ºF (–253 ºC). Liquefaction requires about 30% of the energy content of liquid hydrogen while compression to 800 bar requires about 10-15% of energy carried by the hydrogen. Hydrogen is typically transported as a compressed gas and a 40-tonne truck that can carry 26 tons of gasoline can only carry about 400 kg (0.4 tonnes) of compressed hydrogen due to the weight of the high-pressure hydrogen tanks.

To complicate matters further, hydrogen molecules are very small and difficult to contain. Hydrogen will slowly leak out from hoses and its rate of leakage is much higher than larger molecule gases like ammonia and propane. Hydrogen also causes embrittlement in metals which requires periodic replacement of metallic tubing, valves, and tanks.

Third, green ammonia is 100% non-polluting and can be readily decomposed (cracked) over a catalyst to produce the desired fuel–hydrogen (H2) along with nitrogen (N2), a non-toxic, non-greenhouse gas. Blue ammonia produced through the traditional Haber-Bosch Ammonia method from hydrocarbons such as natural gas but using CCS (Carbon Capture & Storage) is also simpler and cheaper than hydrogen delivery, and final use in an internal combustion engine or fuel cell produces no harmful greenhouse gases.

Finally, ammonia may make for an excellent transition fuel. It can potentially be burned directly in an internal combustion engine (ICE) with no carbon emissions; converted to electricity directly in an alkaline fuel cell or cracked to provide hydrogen for non-alkaline fuel cells (FC).

#2 Ample growth runways

After lagging for decades, we think there’s little doubt that the hydrogen economy is finally ready to take off.

And few sectors have been hotter than hydrogen fuel cell companies lead by Plug Power, Bloom Energy Corporation (NASDAQ:BE), and Ballard Power Systems (NASDAQ:BLDP).

We think that’s because energy experts and Wall Street believe that sector is at a tipping point.

Bank of America says hydrogen technology is poised to take off as falling production costs, technological improvements, and a global push toward sustainability converge. The firm believes this will generate $2.5 trillion in direct revenue –or $4 trillion if revenue from associated products such as fuel cell vehicles is counted–with the total market potential reaching $11 trillion by 2050.

Last year, the European Union set out its new hydrogen strategy as part of its goal to achieve carbon neutrality for all its industries by 2050 with the objective to see the regional bloc develop a minimum of 40 gigawatts of electrolyzers within its borders and a similar amount of green hydrogen capacity in neighboring countries that can export to the EU by the same date.

And now the private sector is looking to give the EU a run for its money.

Some of the world’s green hydrogen leaders have announced a coalition with an ambitious goal to drive a 50-fold scale-up in green hydrogen production over the next six years.

The Green Hydrogen Catapult Initiative is a brainchild of founding partners Saudi clean energy group ACWA Power, Australian project developer CWP Renewables, European energy giants Iberdrola and Ørsted, Chinese wind turbine manufacturer Envision, Italian gas group Snam, and Yara, a Norwegian fertilizer producer.

The companies hope to drive 25GW of green hydrogen production by 2026, a scale that could significantly drive down hydrogen costs to below $2/kg thus making the fuel source competitive with fossil fuels in power generation.

Green hydrogen is produced using renewables as an energy source in the electrolysis of water.

But make no mistake about it: The hydrogen and ammonia sectors may be inextricably joined at the hip.

According to Argus Media, global ammonia production currently stands at 180mn t/yr, but its potential use as an energy source and energy carrier could see demand for it rise to a multi-billion tonne market for use in a wide range of applications.

Indeed, according to some reports the global ammonia industry is set to reach US$70.3 billion by the year 2027.

Argus says that Green ammonia is now one of the main fuels being considered by the maritime sector to enable the shipping industry to meet new CO2 reduction targets proposed by 2030 and 2050. Ammonia is also being seriously considered as a means to store renewable energy for delayed use, and as a carrier for hydrogen transportation.

As an energy source, ammonia has 9x the energy capacity of lithium-ion batteries and is 1.8x more energy-dense than liquid hydrogen.

Yet, widespread use of ammonia in these sectors can be viable only if the CO2 emissions associated with its actual production are sharply reduced. This will require significant fresh investment in new technology and, based on current renewable energy prices, a rise in operating costs.

Green ammonia as a marine fuel

Following on from the introduction of the International Marine Organization (IMO) in 2020, which imposed a cap on marine sulfur emissions, Argus reports that the next major regulatory change for the shipping industry is for vessels to sharply reduce CO2 emissions. The IMO’s initial strategy on this effort calls for CO2 emissions to be reduced by 40pc by 2030 and 70pc by 2050, compared with 2008 levels.

While efficiency gains and the substitution of hydrocarbon fuels can go a long way towards meeting the 2030 target, there is emerging consensus in the maritime industry that in order to meet IMO requirements, traditional fossil fuels will no longer be viable for use as a bunkering fuel after the 2050 deadline. A number of energy sources are being considered as replacements, and these include hydrogen and ammonia.

Green ammonia is gaining particular ground, both for combustion as a marine fuel and in fuel cells on ships.

Unlike conventional ammonia, which is typically produced using natural gas as feedstock, green ammonia is produced by using solar/wind/hydropower to produce electricity that then feeds an electrolyzer to extract hydrogen from water, while nitrogen is separated from air using an air separation unit.

There’s a big push in the ammonia technology field to use renewable energy to produce ammonia while addressing the crucial issues of maximizing energy efficiency and reducing capital expenditure and operating costs.

Over 120 global ports already accept ammonia currently.

A number of new green ammonia projects were launched in 2020, the largest–an ambitious $5bn joint venture in northwest Saudi Arabia–will see a 1.2mn t/yr green ammonia plant being built in the new cross-border city of Neom. The project is a joint venture between US firm Air Products, Saudi-based ACWA Power and Neom, and the plant will run on 4GW of renewable solar and wind energy.

AmmPower Corp. (CSE:AMMP; OTC:AMMPF) is aiming to pioneer green ammonia in North America. The company is working on innovative ways to improve the ammonia production process by developing proprietary technologies that may potentially move away from the traditional Haber-Bosch process altogether.

#3 First Mover Advantage

As we have pointed above, AmmPower Corp. (CSE:AMMP; OTC:AMMPF) aims to be to the green ammonia industry what Plug Power Inc. (NASDAQ:PLUG) is to the hydrogen fuel cell industry: A clean energy pioneer seeking to develop disruptive technology and unique intellectual property (IP).

AmmPower is planning to build modular, scalable, stackable green ammonia producing units that are flexible enough to fit a wide array of customers from individual organizations, large marine ports, and distribution hubs.

The AmmPower team is working with its partners to develop a more efficient ammonia production process by incorporating innovative catalysts and refining processing conditions to more efficiently produce ammonia.

Further, AmmPower is in the process of securing a manufacturing facility in Michigan to develop optimal catalytic reactions that produce green ammonia.

We think AmmPower Corp. along with a handful of smaller organizations such as Iceland-based Atmonia and Colorado-based Starfire Energy, may enjoy a clear first-mover advantage as some of the first companies developing innovative ways to improve the entire ammonia production process and produce carbon-free ammonia.

AmmPower is aiming to scale up quickly, producing modular units able to produce between 1 – 2 tons of ammonia per day in Phase 1 of their plan.

#4 We Think AmmPower Has Great Potential

Hydrogen may eventually end up taking a very large role in heavy industry. Green ammonia will enable it to do that, and so much more. In our view, this could be far bigger than lithium.

We think that means AmmPower (CSE:AMMP; OTC:AMMPF) is sitting on a massive opportunity. The technology it’s developing may be used to safely store and ship hydrogen.

And over 120 ports around the world have already built or are in the process of building scalable ammonia handling facilities.

The first ammonia tankers may start coming online soon, as global economies emerge from pandemic lockdown.

The company is aiming to develop a process and intellectual property to improve the efficiency in production of Green Ammonia, and we think there couldn’t be a better time to harness the potential of this space.

Yet, the market cap of this small, ambitious company is only about $C80 million. It’s developing technology in a sector which might become one of the biggest opportunities since the industrial revolution itself.

Source: Yahoo Finance

That makes it look grossly undervalued to us in today’s energy equation. Potentially, not for long.

Other companies to watch as the hydrogen market heats up:

Royal Dutch Shell (NYSE:RDS.A) has one of the most well-known brands in the world. The company is based in Holland, where it was founded over a century ago and employs almost 100,000 people. It's also one of the biggest oil companies on the planet with operations in more than 90 countries around the world. Yet despite Shell's size and reach, it still faces plenty of challenges as it tries to meet worldwide demand for energy sources while balancing environmental concerns.

Despite being one of the largest names in Big Oil, Shell is also working hard to create and harness new forms of energy, particularly hydrogen. In fact, the company already has green hydrogen projects in Germany, Netherlands, and even China. And it’s all produced using clean energy.

On its website, Shell explains, “Shell’s ultimate goal is to produce green hydrogen, through electrolysis, using renewable power such as wind and solar. But moving quickly in the energy transition means both green and blue hydrogen can play a role in the decade ahead. Blue hydrogen is produced from natural gas and later decarbonised, using carbon capture and storage. In order to keep up with increasing hydrogen and renewable power demand, blue hydrogen can provide an interim solution to help build the hydrogen ecosystem while still lowering emissions.”

BP (NYSE:BP) also known as British Petroleum, is a multinational energy company that has been around for over 100 years. BP was formed in 1909 by the merger of two rival companies- Anglo-Persian Oil Company and Royal Dutch Shell. With operations in more than 80 countries and regions, BP is one of the world's largest oil and natural gas producers.

BP is another oil giant dipping its toes into the hydrogen realm. In fact, just this year, it announced plans to build the largest hydrogen project in the United Kingdom, producing as much as 1GW of ‘blue’ hydrogen by 2030. The project would support job creation and development in the region, as well as producing as much as 20% of the UK’s hydrogen target.

Dev Sanyal, BP’s executive vice president of gas and low carbon energy explained, “Clean hydrogen is an essential complement to electrification on the path to net-zero. Blue hydrogen, integrated with carbon capture and storage, can provide the scale and reliability needed by industrial processes. It can also play an essential role in decarbonising hard-to-electrify industries and driving down the cost of the energy transition.”

Chevron (NYSE:CVX) is a multinational oil and gas company. It was founded in 1879 in California by John D. Rockefeller and partners as the Standard Oil Company of Ohio, which became part of the Standard Oil trust when it was dissolved on January 1, 1911. One year later, Chevron Corporation (then Texaco) bought out its former partner for $10 million ($2 billion today). The new corporation then changed its name to reflect this shift from being primarily an oil refining business to one also involved in natural gas exploration and production.

Though still an oil company at the core, Chevron has emerged as one of the fossil fuel industry’s biggest proponents of hydrogen, even playing a major role as a global advisory body to the Hydrogen Council in order to provide a long term vision for the role of hydrogen in the energy transition.

Just this year, Chevron also announced a strategic alliance with major automaker Toyota Motors (NYSE:TM). The two companies have teamed up to lead the development of commercially viable long-term development of hydrogen.

Bob Carter, executive vice president, Toyota Motor North America, explained, “This is another important step toward building a hydrogen economy,” adding, “Combining Toyota’s decades of experience in developing hydrogen-powered fuel cell electric technology with Chevron’s deep resources in the energy sector has the potential to create new transportation choices for both consumers and businesses that move us toward our goal of carbon neutrality.”

Andy Walz, president of Chevron’s Americas Fuels & Lubricants also noted, “We are excited to collaborate with Toyota. Working towards a strategic alliance on hydrogen presents an opportunity to build a large-scale business in a low-carbon area that is complementary to our current offerings.”

Baker Hughes (NYSE:BKR) is the world's largest oil field services company. They provide drilling, completion, production, and reservoir management products and services to customers in more than 100 countries around the world. Founded in 1919 as Geophysical Services Inc., Baker Hughes has grown into a global corporation with operations in over 120 locations across 30 countries.

Like many of its peers, Baker Hughes has also faced mounting pressure to join the green revolution. And it’s risen to the call-to-arms. Surprisingly, however, it wasn’t investor pressure that got Baker Hughes into the hydrogen boon. In fact, it’s been in the game for well over half a century. It built its first hydrogen compressor in 1962, and hasn’t stopped since.

Because it’s still primarily an oil field service company, however, Baker Hughes has had its share of ups and downs over the past year, but the $27 billion industry giant still remains a smart buy for long-term investors. Not only has it shown that it can adapt to the times, but it also pays dividends!

Even old-school fossil fuel producers are getting in on this race. Suncor (NYSE:SU, TSX:SU) might be known mostly for its oil production. But it’s one of the few majors really pushing the boundaries. In fact, it has pioneered a number of high-tech solutions for finding, pumping, storing, and delivering its resources. When the rebound in crude prices finally materializes, giants like Suncor are sure to do well out of it. While many of the oil majors have given up on oil sands production – those who focus on technological advancements in the area have a great long-term outlook. And that upside is further amplified by the fact that it is currently looking particularly under-valued compared to its peers.

But that’s just one part of its business, however. Suncor is also a world leader in renewable energy innovations. Recently, the company invested $300 million in a wind farm located in Alberta. Additionally, as Canada moves away from oil, Suncor is well positioned to take advantage of another one of the country’s resource reserves; Lithium. The best part? It doesn’t even have to move very far. In fact, Alberta’s oil sands are a major hotspot for lithium production.

Cenovus Energy (TSX:CVE) is most known for its oil business, but it is also actively investing in renewable energy. More importantly, however, is that it has set truly ambitious sustainability goals for itself, aiming to cut emissions by a massive 30% in just 10 years.

This is one of the most actively traded stocks on the TSX. The potential is certainly here for this oil company, so for investors who are bullish on the return of the oil markets, this is a perfect pick in the Canadian market.

Westport Fuel Systems (NASDAQ:WPRT, TSX:WRPT) isn’t necessarily a resource play, but it is an important company to watch as new fuels and new forms of energy take the spotlight. Especially as the world races to leave behind traditional gasoline and diesel-powered vehicles. That’s because, while it is a manufacturing play at heart, it offers a particularly unique way to gain exposure to the alternative fuels market. As a key manufacturer of the hardware needed to build natural gas and other alternative-fueled cars, Westport is definitely a company to watch in this scene.

Westport Fuel has been making major moves in the market over the past year, and its efforts are finally coming to fruition. Since May 2020, the company has seen its stock price rise by 322%, and with more potential deals like the one it has just sealed with Amazon to provide natural gas-powered trucks to its fleet, the stock has even more room to run in the coming years.

While alternative fuels are worth watching, another mineral is set to play a critical role in the alternative transportation of tomorrow. That’s right, it’s lithium. And a leader in that realm is Lithium Americas Corp. (TSX:LAC). It is one of North America’s most important and successful pure-play lithium companies. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

It’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of but locals as well.

By. Chris Hope

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Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the global demand for ammonia and hydrogen as commodities will continue to increase; that the research and development in the energy sector will lead to adoption of hydrogen and ammonia as commercially viable fuel sources for the automotive, aircraft, marine, industrial or other sectors in the future; that governments will continue to implement initiatives supporting reduced carbon emissions and that ammonia and hydrogen will gain traction and commercial viability as potential carbon-free or low carbon fuel alternatives; that AMMP will be able to develop an efficient process and proprietary intellectual property for the production of green ammonia and that AMMP’s process, if developed, will be adopted commercially to allow use of green ammonia and/or hydrogen as a viable fuel sources; that investors will continue to seek opportunities for investment in green technologies and that hydrogen and ammonia will be considered as viable investment opportunities in the future; and that AMMP can carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the global demand for ammonia and hydrogen may not actually continue to increase if other energy alternatives such as solar, wind or hydroelectric are favored over ammonia and hydrogen; that the research and development in the energy sector may lead to rejection of hydrogen and ammonia as commercially viable fuel sources for the automotive, aircraft, marine, industrial or other sectors in the future, and that research may find that other fuels or energy sources provide safer, more cost efficient and/or more viable fuel alternatives; that governments may not implement the anticipated funding and initiatives to support reduced carbon emissions sufficient for ammonia and hydrogen to gain necessary traction or commercial viability as fuel alternatives; that AMMP may be unable to develop an efficient process or any unique proprietary intellectual property for the production of green ammonia or, even if developed, may ultimately fail to be adopted as commercially viable for various reasons; that investors favour other clean energy opportunities than hydrogen and ammonia or that other fuel alternatives such as solar, wind and hydroelectric may be considered more commercially viable; and that AMMP may, for any number of reasons, fail to carry out its intended business plans. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively, “Oilprice.com”) are being paid ninety thousand USD for this article as part of a larger marketing campaign for CSE:AMMP. In addition, AMMP has issued 500,000 restricted stock units to Oilprice which will unconditionally convert to common shares after 4 months. The information in this report and on our website has not been independently verified and is not guaranteed to be correct.

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ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

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Read this article on OilPrice.com

VIRGINIA CITY, Nev., June 07, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today that it is set to join the Russell Microcap Index at the conclusion of the 2021 Russell Microcap Index’s annual reconstitution, effective after the US market opens on June 28, 2021, according to the preliminary list of additions posted June 4, 2021. Membership in the Russell Microcap^® Index means automatic inclusion in the appropriate growth and value indexes. FTSE Russell determines membership for its indices primarily by objective, market-capitalization rankings and style attributes.

Mr. Corrado De Gasperis, Comstock’s Executive Chairman and CEO stated, “The inclusion in the Russell Microcap Index recognizes our value growth and positions our capital base for the next phase of our growth. Our leadership in innovation and the sustainable extraction, valorization, and production of clean, renewable natural resources continues to gain recognition, including now with Russell, and we and our shareholders are grateful for this new association.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Toronto, Ontario–(Newsfile Corp. – June 7, 2021) – Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce the Company will hold its Annual General and Special Meeting of Shareholders on June 22, 2021 at 10:00 a.m. (Toronto time), for the following purposes:

1. to receive the audited consolidated financial statements of the Company for the years ended November 30, 2020 and 2019 together with the report of the auditors thereon;

1. to elect directors;

1. to re-appoint McGovern Hurley LLP, Chartered Accountants, as auditors of the Company and to authorize the directors to fix their remuneration;

1. to approve, in accordance with the polices of the TSX Venture Exchange, the Company's new long-term incentive plan; and

1. to transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.

The Notice of Meeting, Management Information Circular and form of Proxy are available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.monarcaminerals.com.

Due to COVID -19 restrictions and related health concerns generally, shareholders are encouraged not to attend the meeting in person but to vote in advance by completing and submitting their Proxy in accordance with the instructions set out in the Proxy sent to registered shareholders with the meeting materials. Beneficial shareholders are encouraged to vote using the Voting Instruction Form provided by or on behalf of the brokerage firm or other intermediary through which they hold their shares.

About Monarca Minerals Inc.

Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV: MMN) and focused on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including an Inferred Mineral Resource of 19.8 million tonnes at 45.0 g/t Ag (28.7 million ounces of contained silver) at its Tejamen deposit in Durango, Mexico.

For further information, please contact:

Carlos Espinosa
President, CEO & Director
Monarca Minerals Inc.
E: cespinosa@slgmexico.com

Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:

The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86746

A Relative Strength Rating upgrade for Southern Copper shows improving technical performance. Will it continue?

Val-d'Or, Quebec–(Newsfile Corp. – June 7, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") announces that the Company's monthly dividend payments of CDN$0.015 per common share for Q3-2021 will be paid as follows:

The September 2021 payment will represent the 21^st dividend payment made to shareholders since the Company's adoption of a dividend policy in September 2019. The full amount of the dividends will be designated as an "eligible dividend" as defined in the Income Tax Act (Canada).

About Abitibi Royalties

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

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

Forward Looking Statements:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86682

Just because a business does not make any money, does not mean that the stock will go down. For example, Globe Metals & Mining (ASX:GBE) shareholders have done very well over the last year, with the share price soaring by 1,015%. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

In light of its strong share price run, we think now is a good time to investigate how risky Globe Metals & Mining's cash burn is. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

See our latest analysis for Globe Metals & Mining

How Long Is Globe Metals & Mining's Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2020, Globe Metals & Mining had cash of AU$3.9m and no debt. Looking at the last year, the company burnt through AU$2.3m. So it had a cash runway of approximately 21 months from December 2020. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. You can see how its cash balance has changed over time in the image below.

How Is Globe Metals & Mining's Cash Burn Changing Over Time?

Globe Metals & Mining 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 20%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we're a bit cautious of Globe Metals & Mining due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Globe Metals & Mining Raise More Cash Easily?

While Globe Metals & Mining does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Globe Metals & Mining has a market capitalisation of AU$68m and burnt through AU$2.3m last year, which is 3.4% of the company's market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

Is Globe Metals & Mining's Cash Burn A Worry?

On this analysis of Globe Metals & Mining's cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. An in-depth examination of risks revealed 2 warning signs for Globe Metals & Mining that readers should think about before committing capital to this stock.

Of course Globe Metals & Mining may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

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

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

KELOWNA, BC / ACCESSWIRE / June 7, 2021 / Diamcor Mining Inc. (TSX-V:DMI)(OTCQB:DMIFF), ("Diamcor" or, the "Company") a company with a proven history of supplying rough diamonds to the world market, announced today that it will be presenting virtually at the upcoming LD Micro Invitational XI event on Tuesday, June 8th at 10:30 am EDT.

Event: LD Micro Invitational XI

Date: Tuesday, June 8th, 2021

Time: 10:30 – 10:55 am EDT in Track 3

Register to watch the presentation here.

Summary of LD Micro Invitational XI Event

The 2021 LD Micro Invitational will be held on the Sequire Virtual Events platform on Tuesday, June 8th – Thursday, June 10th, 2021.

The festivities run from 7:00 AM PT – 3:00 PM PT / 10:00 AM ET – 6:00 PM ET each day.

This three-day, virtual investor conference is expected to feature around 180 companies, presenting for 25 minutes each, as well as several influential keynotes. The first day of this conference will also feature an exceptional one-time event: the LD Micro Hall of Fame.

About Diamcor Mining Inc.

Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.

About LD Micro (NASDAQ:SRAX)

LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events on an annual basis, LD's sole mission is for the Texas Rangers to win the World Series and serve as an invaluable asset for all those interested in finding the next generation of great companies.

http://www.ldmicro.com

Contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 767-7179

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

WE SEEK SAFE HARBOUR

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

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/650780/Diamcor-to-Present-at-LD-Micro-Invitational-XI

VANCOUVER, June 7, 2021 /CNW/ – (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 470 carat top light brown clivage diamond from its 100% owned Karowe Diamond Mine located in Botswana (image attached). The diamond, measuring 49x42x26mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe. The 470 carat recovery forms a notable contribution to a series of top quality gem and clivage quality diamond recoveries during a recent production run, including an additional 5 diamonds greater than 100 carats (265ct, 183ct, 161ct, 116ct, 106ct) and 13 diamonds between 50 and 100 carats in weight. The May production run, dominated by EM/PK(S) ore, produced diamonds greater than 10.8 carat in weight accounting for 12.7% weight percent of total production, exceeding resource expectations. Continued strong resource performance and recovery of large diamonds reinforces the significance of the EM/PK(S) as an important economic driver for the proposed underground mine at Karowe. View PDF version.

The 470 carat diamond was recovered in the Coarse XRT circuit and represents the third +300 carat diamond recovered to date in 2021. Year to date, Karowe has produced 10 diamonds greater than 100 carats including 6 diamonds greater than 200 carats, including the 341 carat (link to press release) and 378 carat (link to press release) top white diamonds recovered in January 2021.

Eira Thomas, CEO commented: "The benefits of a South Lobe dominated mine-plan continue to be realized in 2021 and underpins our confidence in the ever-improving Karowe resource as we mine deeper in the open pit to 2026 and move into underground mining out to at least 2040. Both main rock types from the South Lobe continue to deliver large, high value diamonds, including 6 diamonds greater than 200 carats in the first five months of this year alone. Our operations remain safe, stable and strong, maintaining all COVID-19 protocols."

This press release has been reviewed and approved by Dr. John Armstrong, Ph.D. P.Geol., Vice-President, Technical Services of the Company and a "Qualified Person" for the purposes of National Instrument 43-101.

Eira Thomas
President and Chief Executive Officer

Follow Lucara Diamond on Facebook, Twitter, Instagram, and LinkedIn

ABOUT LUCARA
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest in Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2:15pm Pacific Time on June 7, 2021.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and elsewhere constitute forward-looking statements as defined in applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate and such forward-looking information included herein should not be unduly relied upon. The value of the Company's shares, its financial results and its mining activities are significantly affected by the price and marketability of the diamonds recovered. The sales price of a diamond is determined by its characteristics. While the Karowe Diamond Mine has produced a number of large, high-value diamonds in excess of 100 carats, there is no assurance that the diamonds recovered which are 100 carats or larger will have the characteristics required to achieve a high sales price.

There can be no assurance that such forward looking statements will prove to be accurate, as the Company's results and future events could differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or referred to under the heading "Risks and Uncertainties" in the Company's most recent Annual Information Form available at http://www.sedar.com, as well as changes in general business and economic conditions, changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, costs of power and diesel, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), and unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health safety and environmental matters).

Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, and the Company does not assume any obligations to update or revise them to reflect new events or circumstances, except as required by law.

SOURCE Lucara Diamond Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/07/c9950.html

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

TORONTO, June 07, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) is pleased to announce that, due to significant investor demand, it has increased the size of its previously announced non-brokered private placement (see news release dated May 6, 2021) to aggregate gross proceeds of up to $350,000 (the “Offering”). Closing of the Offering is expected to occur on or about June 10, 2021.

The Offering will now be composed of (i) up to 5,100,000 flow-through shares (“FT Shares”) at a price of $0.05 per FT Share for gross proceeds of up to $255,000; and (ii) up to 1,900,000 hard dollar units (“HD Units”) at a price of $0.05 per HD Unit for gross proceeds of up to $95,000. Each HD Unit shall be composed of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share (a “Warrant Share”) at a price of $0.07 per Warrant Share until the date which is twenty-four (24) months following the closing date of the Offering, whereupon the Warrants will expire. Each FT Share shall be composed of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (the “Tax Act”).

Eligible finders who introduce an investor to the Offering will be paid (i) a cash commission of up to 8% of the gross proceeds raised by the finders in respect of the sale of FT Shares and Units pursuant to the Offering; and (ii) that number of compensation options (the “Finder Unit Warrants”) exercisable to acquire that number of Units as is equal to up to 8% of the number of FT Shares and Units sold with the assistance of the finders pursuant to the Offering. Each Finder Unit Warrant will entitle the holder to acquire one (1) Unit (a “Finder Unit”) at the exercise price of C$0.05 per Finder Unit for a period of 24 months from the issuance of Finder Unit Warrants. Each Finder Unit shall be composed of one Common Share and one Common Share purchase warrant (a “Finder Warrant”). Each Finder Warrant will entitle the holder to purchase one Common Share (a “Finder Warrant Share”) at a price of $0.07 per Finder Warrant Share until the date which is twenty-four (24) months following the closing date of the Offering.

Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “Exchange”) and applicable securities regulatory authorities. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. In connection with the Offering, the Company may pay commissions to eligible persons in accordance with the policies of the Exchange.

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

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

About Plato Gold Corp.

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

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

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

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

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

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

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

For further information, please contact:

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

Forward Looking Statements

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