CAD Archives - Page 34 of 43

Vancouver, British Columbia–(Newsfile Corp. – April 16, 2021) – InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") is pleased that, further to the news release of December 22, 2020, it has entered into an agreement (the "Option Agreement") with American West Metals Limited ("American West"), a private Australian company, pursuant to which InZinc granted to a wholly-owned subsidiary of American West an option ("Option") to earn a 100% interest in InZinc's West Desert project ("West Desert") located in Utah, USA. The Option Agreement is subject to, among other things, shareholder and regulatory approval.

"The proposed option agreement will benefit InZinc with improved financial flexibility and exposure to a broader, active portfolio of North American zinc and copper projects. The proposed shareholding in American West will provide InZinc continuing leverage at West Desert as a planned multi-year drill campaign to advance to prefeasibility is undertaken as well as exposure to activities at the Storm copper project, which American West recently optioned from Aston Bay Holdings Ltd. The financial terms offered by the proposed agreement will further provide InZinc the flexibility to advance, including drilling, the near surface discoveries and large untested targets at the prospective Indy Sedex project in BC, and assess new opportunities," said Wayne Hubert, CEO of InZinc.

The principal terms of the Option Agreement include:

1) An initial cash payment of US$500,000 to InZinc on the effective date (the "Effective Date") of the Option Agreement.

2) Required payments to InZinc during the 24 months following the effective date of the Option Agreement to comprise:

CDN$1,000,000 within 30 days of American West listing its shares on the Australian Securities Exchange ("ASX") through an initial public offering or other going public transaction ("IPO") or 12 months after the Effective Date, whichever is earlier;

US$1,500,000 upon the announcement by American West to the ASX of a completed Prefeasibility Study for West Desert or 24 months after the Effective Date, whichever is earlier; and

CDN$2,500,000 by way of shares of American West ranking equally with the shares of American West issued under the IPO (the "Consideration Shares"). If American West has not completed the IPO on the ASX within 12 months of the Effective Date, InZinc may elect to receive CDN$1,250,000 in cash from American West in lieu of Consideration Shares. If American West has not completed the IPO on the ASX within 24 months of the Effective Date, InZinc may elect to receive CDN$2,500,000 in cash in lieu of Consideration Shares.

3) Exercise of Option and Indium Revenue Share

Upon American West having paid the cash payments above and either having delivered the Consideration Shares or having paid the applicable cash payment in lieu of delivering Consideration Shares, American West may exercise the Option and acquire West Desert. InZinc will receive 50% of the revenue from the sale of indium mined from West Desert determined on a Net Smelter Return basis in accordance with generally accepted industry practice ("NSR"). American West will have the right to reduce the NSR to 25% by paying InZinc US$5,000,000 in cash at any time prior to the first sale of indium from the project.

4) Termination of Option

During the Option period, American West will be the operator of West Desert. If payments referred to above are not paid when due and American West does not rectify the failure within 45 days, InZinc would have the right to terminate the Option Agreement and American West shall surrender West Desert promptly to InZinc.

A meeting of InZinc shareholders to consider and, if thought fit, approve the Option Agreement and other matters is expected to be held in May 2021. An Information circular will be filed with regulatory authorities and mailed to InZinc shareholders.

American West Metals Ltd.

American West is targeting to be listed on the ASX in Q3 2021.

About InZinc

InZinc is focused on growth in zinc through exploration and expansion of the advanced stage West Desert project (100%) in Utah and exploration of the early-stage Indy Sedex project (100% option) in British Columbia. West Desert has a large underground resource open for expansion and has district scale exploration potential. A West Desert preliminary economic assessment completed in 2014 forecasted 1.6 billion pounds of zinc production over 15 years. By-products would include copper, magnetite and indium, the latter being identified by the United States in 2017 as a critical mineral. West Desert is well located with easy access and existing infrastructure. The Indy Sedex project comprises near surface discoveries, large untested exploration targets and regional discovery potential. Indy is readily accessible by road from Prince George, the major hub for transportation and heavy industry in central British Columbia and is located 85 kms south of the Canadian National Railway.

InZinc Mining Ltd.

"Wayne Hubert"

CEO and Director
Phone: 604.687.7211
Website: www.inzincmining.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management Discussion and Analysis for the year ended December 31, 2019 and for the nine months ended September 30, 2020 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80659

TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Waseco Resources Inc. (“Waseco” or “the Company”) (“WRI”- TSX-V) (“WSE” – Frankfurt) reports that the Board of Directors has approved the granting of a total of 2.4 million options to its Board Members and Technical Advisory Committee Members and two consultants. The options are exercisable prior to April 9, 2024 at a price of $0.075.

Waseco is an exploration company focused on exploring for gold in Nevada. The Company is listed on the TSX Venture Exchange (“WRI”) and the Frankfurt Stock Exchange (“WSE”). There are currently 41,681,390 shares issued and outstanding.

For further information on the Company, please visit the Waseco web site at www.wasecoresources.com or contact Richard Williams at (416) 364-3123- e-mail: rickw@wasecoresources.com.

On Behalf of the Board of Directors

Richard Williams

President & C.E.O.

Neither the TSX Venture Exchange nor its regulatory service providers as that term is defined in the policies of the TSX Venture Exchange accepts responsibility of the accuracy or adequacy of this release.

TORONTO, April 15, 2021 (GLOBE NEWSWIRE) — Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to completed several new initiatives that were designed to help investors understand the scope of our 100% Lingman Lake Gold Project. These tools will be especially useful as new data is added to these platforms over the coming months. In this way, we expect to demonstrate material project progress and value creation for all our stakeholders.

Highlights:

Launch of its newly designed website at www.signatureresources.ca
Launch of a new Moon Patrol Corporate Video
Launch of its VRIFY online Corporate Presentation

“We have developed and launched several new tools that should help investors understand the opportunity and scale that we hope to show at our 100% owned Lingman Lake Gold Project. We are pleased to invite all to view our updated website, our new corporate video and our newly launched VRIFY corporate presentation. As we add material data, we aim to update these platforms to demonstrate our progress over time. We invite interested parties to join our mailing list to keep up to date with our progress.”

Robert Vallis – President, CEO, and Director

Launch of New Website and Corporate Video:
Signature has launched a new website to reflect the new look and direction of the Company. The design is focused on providing a concise delivery of relevant information. In addition, the corporate video has been designed to present an executive summary of our 100% owned Lingman Lake Gold deposit.

Launch of VRIFY Corporate Presentation:
Inclusive within the enhanced content of the new website, Signature has launched its VRIFY Corporate Presentation. The fully online format allows for a much more data rich and informative experience for the viewer with the inclusion of interactive satellite imagery and 3D modeling. The added features present details of its 100% owned Lingman Lake Gold Project such as location, infrastructure, land tenure, geologic setting, 3D model of mineralization, drilling, regional exploration activities and upside target potential. The VRIFY platform delivers a strong, clear message of the vast regional discovery potential of the project and immense land tenure in the prolific northern Red Lake geologic district.

About Signature
The Lingman Lake gold property consists of 1,389 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 26,393 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 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.

For Immediate Release

Chicago, IL – April 15, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Barrick Gold Corporation GOLD, Harmony Gold Mining Company Limited HMY, IAMGOLD Corporation IAG and New Gold Inc. NGD.

Here are highlights from Wednesday’s Analyst Blog:

Gold Rebounds on U.S. Inflation Data: 4 Stocks to Watch

Further, the Food and Drug Administration’s recommendation to states to pause the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots, fueled the safe-haven demand for the metal and propped up prices. Spot gold gained 0.5% to $1,744.80 an ounce on Apr 12 and gold futures for June delivery advanced 0.87% to $1,746.20.

Per the U.S. Bureau of Labor Statistics, the consumer-price index rose 0.6% — the biggest rise since August 2012. It followed an increase of 0.4% in February and came ahead of the consensus of a rise of 0.5%. For 12 months ending March 2021, the inflation rate in the United States accelerated to 2.6%, higher than the 1.7% in February and above the market consensus of 2.5%. It was also the highest since August 2018.

The US Dollar Index lost 0.33% to 91.844 on Apr 13 on these higher-than-expected figures. The US 10-year bond yield remains at 1.63%, near three-week lows of 1.618%. After reaching 14-month highs of 1.78% in March, treasury yields have been declining this month on encouraging economic data from the United States and concerns over a spike in inflation.

As of the quarter-end, global assets under management (AUM) stand at 3,574 tons ($194.5 billion) — at levels last seen in June 2020. Since the peak attained in November 2020, gold ETF holdings have declined 9% in tonnage terms, at par with the drop in gold price.

During the quarter, North American funds represented 86% of global net outflows, falling 145.4 tons ($8.1 billion). European funds lost 51.7 tons ($2.5 billion) during the quarter. The bright spot was Asian-listed funds, which collectively added 17.8 tons ($1 billion), driven by China, India, and Japan. This was primarily due to opportunistic “dip buying” during gold price weakness.

Going forward, India and China (that roughly account for around 50% of consumer gold demand), will sustain demand for the yellow metal. The ongoing economic recovery in China will lead to higher demand for the yellow metal. Gold demand in India is seasonally high in the later part of 2020, courtesy of the wedding and festive seasons when buying the yellow metal is considered auspicious. Central banks also continue to buy gold. Thus, demand for gold is likely to improve this year.

Mine production is expected to recover this year following the pandemic induced shutdowns in the earlier part of last year. Although pandemic-related uncertainty still lingers in 2021, production is unlikely to be impacted again as major companies have introduced protocols and procedures that should reduce the impact of stoppages compared to those seen in the early stages of the pandemic.

Inflation expectations are likely to move higher, which will support the yellow metal. Historically, gold has performed well in high inflationary environments.

The Zacks Gold Mining industry has gained 5.8% year to date compared with the S&P 500’s rally of 4.5%. The industry falls under the broader Basic Materials sector that gained 1.9%.

The gold mining industry currently carries a Zacks Industry Rank #229, which places it at the bottom 10% of 256 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.

Per the latest Earnings Trends, after remaining in the red for the past four quarters, the Basic Materials sector returned to growth with an earnings improvement of 28.1% in fourth-quarter 2020. The sector is expected to witness growth of 65.8% in earnings in first-quarter 2020, followed by 162.7%, 49.4% and 12.3% in the second, third and fourth quarters, respectively. The prospects for 2021 look promising for the sector with an impressive earnings growth projection of 58.8%.

We have handpicked four gold stocks that are likely to deliver improved earnings performance in their upcoming Q1 results. All the five stocks have a Zacks Rank # 3 (Hold) and a VGM Score of A or B. Our research shows that stocks with such a combination offer the best investment opportunities. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Barrick Gold Corp: Headquartered in Toronto, Canada, Barrick Gold engages in the exploration, mine development, production, and sale of gold and copper properties.

The company should gain from its merger with Randgold, which formed an industry-leading gold company and fortified its position among senior gold peers. Further, it is close to finalizing an agreement with the Papua New Guinea government to reopen the Porgera gold mine. Porgera churned out about 600,000 ounces of gold in 2019 before being put on care and maintenance.

The company has a long-term estimated earnings growth rate of 2%. The Zacks Consensus Estimate for the company’s fiscal 2021 earnings suggests year-over-year growth of 7.8%. The stock has a Zacks Rank #3 and a VGM Score of A. The company has a trailing four-quarter earnings surprise of 15.5%, on average.

Harmony Gold Mining Company: Headquartered in Randfontein, South Africa, Harmony Gold Mining engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea.

The company’s development projects currently in progress include the development of the Wafi-Golpu, a copper/gold deposit in Papua New Guinea, which received the environment permit in late 2020 and is expected to increase production. The Golpu project is believed to be a game changer for the company. According to the company, Golpu is a promising orebody that contains mineral resources of 20 million ounces of gold and 9.4 million tons of copper. Further, its efforts to reduce debt levels remain commendable.

The Zacks Consensus Estimate for the company’s fiscal 2021 earnings is currently pegged at 69 cents, suggesting a turnaround from a loss of 10 cents reported in the prior fiscal. The company has an estimated long-term earnings growth of 7.9%. The company currently has a Zacks Rank #3 and a VGM Score of B.

IAMGOLD Corp: Headquartered in Toronto, Canada, IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa.

The company’s strong liquidity position continues to provide security and financial flexibility. IAMGOLD's transformational strategy centres on delivering the lower cost Côté Gold Project, de-risking the Boto Gold Project, optimizing its current operations and continuing to invest in its pipeline of brownfield and greenfield exploration. Robust development and exploration pipeline supports attractive and profitable long-term growth to over one million ounces of annual production in the coming years.

The company has a long-term estimated earnings growth rate of 3%. The Zacks Consensus Estimate for the company’s fiscal 2021 earnings suggests year-over-year growth of 79%. The stock has a Zacks Rank #3 and a VGM Score of A.

New Gold: Headquartered in Toronto, Canada, New Gold is an intermediate gold mining company, which engages in the development and operation of mineral properties.

New Gold will benefit from higher production levels at Rainy River Mine, at lower costs, as deferred capital projects have been completed and the mine transitions to generating free cash flow. The New Afton mine continues to ramp- up production. Moreover, the company remains committed to operational and cost optimizations at both Rainy River and New Afton, launching B3 production, advancing C-Zone development at New Afton, and following up on key targets from the exploration drilling programs.

The company has a long-term estimated earnings growth rate of 5%. The Zacks Consensus Estimate for the company’s fiscal 2021 earnings indicates year-over-year growth of 667%. The stock has a Zacks Rank #3 and a VGM Score of B.

Breakout Biotech Stocks with Triple-Digit Profit Potential

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

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

See these 7 breakthrough stocks now>>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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

Iamgold Corporation (IAG) : Free Stock Analysis Report

Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

GEORGE TOWN, Cayman Islands, April 15, 2021 /CNW/ – Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company"), a high growth precious metals focused royalty company, is pleased to provide recent development updates from royalty operating partners Silver Mines Limited (ASX: SVL) ("Silver Mines"), Axis Minerals Pty Ltd ("Axis"), ValOre Metals Corp. (TSXV: VO) ("ValOre"), Genesis Minerals Limited (ASX: GMD) ("Genesis") and Metalicity Limited (ASX: MCT) ("Metalicity").

Vox Royalty Corp. Logo (CNW Group/Vox Royalty Corp.)

Riaan Esterhuizen, Executive Vice President – Australia stated, "We are excited to share another month of positive operator newsflow for our development and exploration stage royalties. The Bowdens mining lease application, which covers the largest undeveloped primary silver project in Australia, continues to demonstrate a clear pathway to production, which would generate >$1M annual royalty revenues for Vox investors over its 16 year feasibility mine plan. The potential restart of the Mt Moss Mine over the coming months has the potential to unlock royalty revenue ahead of Vox management expectations. From an exploration perspective, significant 2021 drilling at Pedra Branca, the largest PGM project in South America, and the Puzzle North discovery at Kookynie further support our confidence in medium-term cashflow generation."

Summary of Development Updates

Bowdens silver project submission of mining lease application for development by Silver Mines;
Mt Moss iron ore-copper-zinc mine ownership change and restart plans by Axis;
Pedra Branca platinum-group-elements (PGE) project – 8,000m drill program commenced for 2021; and
Kookynie gold projects – Puzzle North discovery from Genesis and a drilling update from Metalicity.

Bowdens (Feasibility) – Mining Lease Application

Vox holds a 0.85% gross revenue royalty on the Bowdens silver-lead-zinc project and a 1.0% gross revenue over surrounding regional exploration tenure;
On March 24, 2021, Silver Mines announced that:

Mt Moss (Care & Maintenance) – Ownership Change and 2021 Restart Plans

Vox holds a 1.5% NSR royalty over base metal, magnetite and silver production from mining lease ML10171 which covers the Mt Moss Fe-Cu-Zn Skarn Project ("Mt Moss Mine") located 150km NW of Townsville in northern Queensland, which was on care and maintenance when Vox acquired the royalty in 2020;
Axis has recently acquired 100% of Mt Moss Mining Pty Ltd which in turn owns 100% of the Mt Moss Mine located on ML10171;
The Mt Moss Mine is one of the largest skarn magnetite-marble-base metal deposit on the Australian east coast¹. The Mt Moss Mine historically had production capacity of approximately 500,000tpa magnetite prior to operations being placed on care & maintenance;
According to Axis, Mt Moss Mining Pty Ltd is the holder of a range of approved Mining Leases and freehold land parcels containing a JORC resource of 15.1Mt @ 43.1% Fe and a non-JORC resource estimate of greater than 20Mt of potential base metal ore;
Mt Moss has a complete beneficiation plant, including crushing, screening, dry magnetic separation, milling, wet gravity and wet magnetic separation circuits. The Mt Moss Mine has all infrastructure and supporting ancillary assets in situ, including workshops, laboratory, offices, 100 person mining camp, diesel storage, weighbridge, power generation, and all bitumen access road;
Axis is expecting to reopen the Mt Moss Mine in the first half of 2021; and
For further information on the Mt Moss Mine please refer to the Axis website: https://www.axismines.co/mt-moss

Pedra Branca (Preliminary Economic Assessment) – 2021 Exploration Program and 8,000m Drilling

Vox holds a 1% net smelter return royalty on the Pedra Branca PGE project held by ValOre;
On April 12, 2021, ValOre announced the commencement of their 2021 Exploration Program:
The Pedra Branca PGE Project comprises 39 exploration licenses covering a total area of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource¹ of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (click here for ValOre's July 23, 2019 news release). According to ValOre all the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Kookynie (Advanced Exploration) – Puzzle North Discovery and Drilling Update

Vox holds a A$1/t ore production royalty (with gold grade escalator²) on part of the Kookynie gold project held by Genesis and Metalicity;
On April 9, 2021, Genesis announced that:
On March 18, 2021, Metalicity announced the following drilling highlights:

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting Limited and a "Qualified Person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming company with a portfolio of 50 royalties and streams spanning nine jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements".

The forward-looking statements and information in this press release include, but are not limited to, statements regarding expectations for the timing of commencement of resource production from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox's mining operator partners and future royalty payments derived from various royalty assets of Vox.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox's expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox's royalty interests. Vox's royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

Technical References & Notes:

Sources for Mt Moss Mine references are as follows:
The Pedra Branca mineral resource is based on the following:
Royalty = A$1 / Tonne (for each Ore Reserve with a gold grade <= 5g/t Au), for grades > 5g/t Au royalty = ((Ore grade per Tonne – 5) x 0.5)+1)

SOURCE Vox Royalty Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2021/15/c0053.html

One simple way to benefit from the stock market is to buy an index fund. But many of us dare to dream of bigger returns, and build a portfolio ourselves. For example, APN Convenience Retail REIT (ASX:AQR) shareholders have seen the share price rise 32% over three years, well in excess of the market return (19%, not including dividends).

Check out our latest analysis for APN Convenience Retail REIT

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

APN Convenience Retail REIT was able to grow its EPS at 26% per year over three years, sending the share price higher. The average annual share price increase of 10% is actually lower than the EPS growth. So it seems investors have become more cautious about the company, over time.

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..

What About Dividends?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for APN Convenience Retail REIT the TSR over the last 3 years was 62%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Over the last year APN Convenience Retail REIT shareholders have received a TSR of 35%. It's always nice to make money but this return falls short of the market return which was about 40% for the year. On the other hand, the TSR over three years was worse, at just 17% per year. This suggests the company's position is improving. If the business can justify the share price gain with improving fundamental data, then there could be more gains to come. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 3 warning signs for APN Convenience Retail REIT you should be aware of.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

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.

VACAVILLE, CA / ACCESSWIRE / April 15, 2021 / Athena Gold Corp. (OTCQB:AHNR) has been informed by FINRA that it has completed their processing of the Company's name change from Athena Silver Corp. to Athena Gold Corp.

The name change will be on the Daily List Announcement on April 15, 2021 and will have a Market Effective Date of April 16, 2021.

The ticker symbol for the Company's common stock, AHNR, will remain unchanged.

About Athena Gold Corporation
Athena is focused on the exploration and development of precious metals in the Western United States.

The Company's flagship Excelsior Springs Project is located in Esmeralda County, Nevada in the prolific Walker-Lane tectonic zone, an area that has seen a recent resurgence with several important gold discoveries, new mines going into production and hosts a number of large historic gold mines. Total gold production from the Walker-Lane tectonic zone has exceeded 20 million ounces (Moz) including notable deposits by Goldfields (5 Moz), Bullfrog (2 Moz), Tonopah (2 Moz), Mineral Ridge (1.5 Moz) and Comstock (8 Moz Au, 200 Moz Ag). Readers are cautioned that the Company has no interest in or right to acquire any interest in any of the above mentioned properties, other than the Excelsior Springs Project, and that the mineral deposits, and the results of any mining thereof, on adjacent or similar properties are not indicative of mineral deposits on Excelsior Springs Project or any potential exploitation thereof.

From the mid-1980s through 2011, a number of exploration companies conducted drilling programs, primarily on the patented claims, that began to define the near-surface Buster Mine gold zone. Gold mineralization at the Property occurs within an east-west trending zone that is 200 to 400m wide and at least 3 km long.

Gold mineralization discovered at Excelsior Springs to date occurs in quartz vein stock-works and silicified zones in hornfels and calc-silicate altered country rock and is generally close to porphyry dykes. The best mineralization (grade and thickness) is found in altered sediments immediately above porphyry dykes that have intruded along existing east- and east-northeast trending faults. The mineralized stock-work vein zones are shallow and have a relatively flat plunge, making them amenable to open pit mining methods.

Most historical exploration at Excelsior Springs has focused on a 2.5 km long section in the central part of the Buster zone where mineralization is at or near the surface. Surface mapping and an Induced Polarization (IP) geophysical survey conducted by Zonge International Inc identified multiple zones of silicification that correlate well with the known mineralization. Many of the silicified zones defined by the IP (resistivity highs) surveys have not been tested by drilling and remain targets for future exploration.

An NI 43‐101 Technical Report dated September 28, 2010 entitled "Technical Report for the Excelsior Springs Property Esmeralda County, Nevada, U.S.A." prepared by Ken Brook, RPG, QP, was filed on SEDAR by Nubian for Excelsior Springs in 2010.

Athena's agreement with Nubian includes 100% of the 140 unpatented claims at Excelsior Springs with two additional patented claims held under a lease option that are subject to a 2% net smelter returns royalty on gold production. Under the terms of the Option Agreement, Nubian will retain a 1% net smelter returns royalty ("NSR Royalty") on the Excelsior Springs Project if Athena fully exercises the option. Athena will have the right to purchase 0.5% (being one half) of the NSR Royalty for CAD $500,000 and the remaining 0.5% of the NSR Royalty at fair market value.

For more information contact: John Power, President, 707-291-6198

Cautionary Statement to U.S. Investors
This press release references NI 43-101, which differs from the requirements of U.S. securities laws. NI 43‑101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Pursuant to SEC Industry Guide 7 under the United States Securities Act of 1933, as amended, a "final" or "bankable" feasibility study is required to report reserves. Currently Athena has not delineated "reserves" on any of its properties. Athena cannot be certain that any deposits at its properties will ever be confirmed or converted into SEC Industry Guide 7 or any successor rule or regulation compliant "reserves". Investors are cautioned not to assume that any part or all of the historic Buster Mine gold zone will ever be confirmed or converted into reserves or that it can be economically or legally extracted.

The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934, as amended. These amendments became effective February 25, 2019 and, on January 1, 2021, will replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which will be rescinded from and after such date.

Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities laws. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the exercise of the option to acquire the Excelsior Springs Project, the receipt of a new CUSIP number in connection with the Name Change, the approval of FINRA and OTC for the Shares to trade under the new name, the preparation of a technical report for the Excelsior Springs Project, the application to list the Shares on the CSE, 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: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.

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 inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, 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 precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, 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, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, 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 stock exchange approvals and approval for a new CUSIP number in connection with the Name Change, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and other factors that are discussed in the Company's periodic filings with the SEC.

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 press release or incorporated by reference herein, except as otherwise required by law.

SOURCE: Athena Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/640501/Athena-Gold-Corporation-Announces-Finalization-of-Name-Change

Bridal Veil – Preliminary Site Visit – Nov 2020

Bridal Veil Sample Locations and Magnetic Anomalies

VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) — CMC Metals Ltd. (“CMC” or the “Company”) (TSXV:CMB) (OTC:CMCXF) (Frankfurt:ZM5N) is pleased to announce positive preliminary exploration results from a reconnaissance site visit conducted on its Bridal Veil Property in Newfoundland.

A brief visit involving the sampling of known showings on the property resulted in the identification of an extensive area of anomalous copper and bismuth mineralization with minor silver. The area has coincident EM anomalies that are yet to be explained. Values from grab samples of veined psammitic metasediments ranged from 0.041% to 3.473% copper, 0.74-136.96 g/t bismuth, and 1069-19340 ppb silver. Historical sampling have returned grades of up to 9.4% copper, 10.2% lead, 7.8 oz/t silver and 3.75 g/t gold. The Bridal Veil mineral occurrences have been previously identified as being related to an epigenetic copper-silver +/- lead and gold orogenic vein system hosted in deeply dipping shear zones. The property is transected by the Trans Canada Highway approximately 10 kilometers east of Gander and 15 km east of Newfound Gold’s Queensway Project.

Kevin Brewer, P.Geo. President and CEO of CMC noted, “We are highly encouraged about these preliminary results at Bridal Veil. Less than 15% of the property area has been explored to date. At this stage it is clear we need to better understand the mineralizing system as the tenure of mineralization is very encouraging. It is now a matter of determining the extent, possible continuity, and subsurface potential of this mineralization throughout the property. Our plans are to further examine this property in the fall after work is completed on our flagship property at Silver Hart in Yukon.”

About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for silver in Yukon and British Columbia and polymetallic deposits in Yukon and Newfoundland. Our silver-lead-zinc prospects include the Silver Hart Deposit and Blue Heaven claims (the “Silver Hart Project”) and the recently acquired Rancheria South, Amy and Silverknife claims (the “Rancheria South Project”). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

Qualified Person

Kevin Brewer, a registered professional geoscientist in BC and Yukon, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has approved the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

On behalf of the Board:

“John Bossio”

John Bossio, Chairman
CMC METALS LTD.

For further information concerning the CMC Metals Ltd., or its exploration projects, please contact:

Investor Inquiries:	Kevin Brewer, P. Geo.
	President, CEO and Director
	Tel: (604) 605-0166
	kbrewer80@hotmail.com

To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer at 604-605-0166.

“This news release may contain certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof 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.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c74965da-d72f-4cff-8965-9d2c88caa0d4

VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) is pleased to announce its 2021 exploration program for Critical Rare Earth Elements (CREE), Zirconium (Zr) and Hafnium (Hf) in the Port Hope Simpson – St. Lewis CREE District in SE Labrador and the Red Wine District in central Labrador. The program includes three different drill programs at DEEP FOX and channel sampling programs at SILVER FOX and FOX MEADOW, and a helicopter-supported, prospecting and sampling program in the RED WINE district.

EXPECTATIONS FOR THE 2021 EXPLORATION PROGRAM

DEEP FOX
- Phase III exploration drill program to commence in May 2021;
- Geotechnical drill program to commence in summer 2021;
- Phase IV infill drill program to commence in fall 2021;

FOX MEADOW
- Surface channel program aims to expand the previously successful channel sampling programs to make this mineralized zone ready for a Phase I exploration drill program;

SILVER FOX
- sample high-grade zirconium-hafnium mineralization on surface to make Silver Fox ready for a Phase I drill program;

RED WINE DISTRICT
- prospecting, mapping and channel sampling program will be carried out in the summer of 2021 to expand the known occurrences of HREE mineralization in five licenses in the district.

Greg Andrews, President/CEO states; “Our immediate goal is to advance our Critical Rare Earth Element District to production. This will require (a) advancing our DEEP FOX project to a measured and indicated resource, (b) provide engineering and economic studies such as Preliminary Economic Assessments and Feasibility Studies and (c) develop and submit an Environmental Assessment report to initiate the environmental and permitting process for DEEP FOX. The recent $ 2.52M flow-through funding will support the Phase III drill program and geotechnical work at Deep Fox and the exploration work for Fox Meadow, Silver Fox and Red Wine District. Permits for Deep Fox Phase III and geotechnical work have been received and our drilling contractor confirmed. In addition, we have been permitted to retrieve a bulk sample of 1000t of surface material from DEEP FOX to be used for our proposed demonstration plant. We are looking forward to advancing our Critical Rare Earth Element District. A secure supply of rare earth elements, from Newfoundland/Labrador, can contribute to the electric mobility, and other electrification initiatives in Canada, North America and Europe.”

DEEP FOX

A Phase III drill program is proposed to start in May 2021 for the DEEP FOX DEPOSIT. This program will consist of up to 7000m of drilling in 30-35 holes, to:

	a)	extend the current resource (see Search Minerals News Release, Oct. 1, 2019) to the 200m level with a 50m x 50m grid;
	b)	drill on a 25 x 25m grid to the 50m level;
	c)	drill two cross-sections (25m spacing) to the 200m level; and
	d)	explore to the 250m level.

This drill program will provide data to estimate a resource for an open pit to the 200m level. The 25m grid and cross-section drill holes will help to evaluate what density of drilling is required to estimate a measured and indicated resource for a Bankable Feasibility study. The Company will prepare an updated resource estimate following the completion of this program.

The Geotechnical drill program will consist of 5-10 holes, about 1000-2000m, as required to determine the geotechnical parameters of the proposed open pit to mine the deposit. This program will commence after Phase III is complete, probably in the summer of 2021.

The Phase IV drill program will be an estimated 25-30 holes totaling about 5100m. This program will be based on the conclusions derived from the previous three drill programs. The aim is to obtain enough data to be able to classify most of the DEEP FOX resource as an indicated or measured resource – this resource is required for a Bankable Feasibility study. This program will commence in the fall after a resource estimate has been made using Phase III drill data.

The DEEP FOX DEPOSIT occurs about 2 km northeast of St. Lewis and 12 km east of the FOXTROT DEPOSIT.

FOX MEADOW

The proposed channel sample program will consist of 5 new channels and 5 channel extensions totaling about 700m and aims to:

	a)	expand the strike length of the mineralized zone to the SE (now 790m),
	b)	explore the width of the mineralized zone (currently over 175m wide),
	c)	provide infill information throughout the 790m known strike length (see Search News Release October 28, 2020), and,
	d)	allow further integration of aeromagnetic data and the surface extent of the mineralization.

All channels occur in overburden-covered treed areas that will require trenching to expose bedrock. This program will make the FOX MEADOW mineralized zone “drill ready”.

The FOX MEADOW prospect occurs about 11 km west of Port Hope Simpson and 1 km from a gravel- covered, three-season forest access road. Port Hope Simpson is about 40 km northwest of FOXTROT and 50 km from DEEP FOX on paved and all-season graveled roads.

SILVER FOX

The SILVER FOX mineralized zone contains some of the highest grades of Zr and Hf mineralization observed in the District (see Search Minerals News Release, April 8, 2020 & October 22, 2020). The 2021 channel sample program, about 200m, will include seven infill channels and two channels to test the limits of the mineralized zone to the east and west; all channels will require trenching to expose bedrock for channel sampling. This channel program will make the SILVER FOX mineralized zone “drill ready”. The SILVER FOX prospect occurs about 12 km east of St. Lewis, 2 km west of FOXTROT and within 1 km of a graveled all-season highway.

RED WINE DISTRICT

Search has recently staked three new licenses and holds two other licenses in the Red Wine District of central Labrador, about 80 km NE of Churchill Falls. The exploration program will consist of helicopter-supported prospecting, geological mapping and sampling (grab and channel) in three different projects.

The Narnia Hill Project in the district consists of License 025298, staked in 2009, and new License 032428, staked in 2021. The 2021 program will look for REE mineralization associated with peralkaline volcanic rocks in/near a volcanic vent.

The Merlot Project consists of the north central part of License 013144, staked in 2009, and new License 032044, staked in 2021. The 2021 program will consist of prospecting, mapping, grab sampling and channel sampling to expand the extent of the Merlot-type heavy REE peralkaline pyroxenite-hosted mineralization (see Search News Release, January 16, 2012).

Merlot-type REE mineralization has been reported in new License 032427, staked in 2021. The 2021 program will focus on prospecting for and mapping Merlot-type REE mineralization in this license and to obtain grab samples and possible channel samples for further evaluation.

A sample of Merlot-type mineralization will be tested to evaluate magnetic separation as a method to prepare a REE mineral concentrate (see Search News Release April 12, 2021).

Qualified Person:

Dr. Randy Miller, Ph.D., P.Geo, is the Company's Vice President, Exploration, and Qualified Person (as defined by National Instrument 43-101) who has supervised the preparation of and approved the technical information reported herein. The Company will endeavour to meet high standards of integrity, transparency, and consistency in reporting technical content, including geological and assay (e.g., REE) data.

About Search Minerals Inc.

Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.

Search has continued to optimize our patented Direct Extraction Process technology with the generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.

For further information, please contact:

Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: info@searchminerals.ca

Cautionary Statement Regarding “Forward-Looking” Statements:

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company’s proposed exploration programs described herein, and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to obtain the necessary resources to complete the exploration programs and poor exploration results.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's financial condition and development plans do not change as a result of unforeseen events, and that the Company will receive all required regulatory approvals,.

Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any 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 applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”, OTC “HUDRF”).

On April 6^th, 2021, Greenland held elections in which the Inuit Ataqatigiit party (IA) won 12 of the 31 seats with 37% of the votes. The IA party is currently in negotiations with other parties to form a coalition government. The party is led by Múte Egede who was a former Minister of Mining in Greenland between 2016 and 2018 during which time he visited the White Mountain anorthosite project.

Since winning the election, the IA party has publicly stated that they are pro-mining and cited Hudson as a good example of the importance of mining in Greenland. The IA party has a strong environmental platform which Hudson is supportive of.

The IA party has stated that it is opposed to the export of uranium for nuclear purposes. Under Greenland mineral legislation all exploration licenses, including those granted to Hudson, do not provide the right to export and sell radioactive elements. Although Hudson’s rare earth element and niobium-tantalum projects do contain minor amounts of thorium or uranium, Hudson will not export and sell these elements and they will be dealt with in an environmentally responsible manner. The nearest community to Hudson’s projects is approximately 80 km away.

Jim Cambon, President commented: “I have congratulated Múte Egede on his victory and have also reached out to numerous government officials and community leaders in Greenland. Based on these discussions we are confident that it is business as usual for Hudson’s projects. Hudson has always done what we promised in Greenland and treated people fairly while respecting all stakeholders and the environment, and as such, we believe we have earned the respect of local communities and the government. We look forward to working with the new government in the continued operation of the White Mountain anorthosite mine and in the advancement of our rare earth elements project and our niobium-tantalum project.”

Hudson owns 100% of the Sarfartoq REE project and Nukittooq niobium-tantalum project in Greenland and also holds a 31.1% interest in Hudson Greenland A/S which owns the White Mountain Anorthosite mine in Greenland, where the Company provides operational, marketing and sales support.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:
Ph: 604-628-5002

Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. 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. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to 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 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, , 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, restriction on labour and international travel and supply chains, 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.

VANCOUVER, BC / ACCESSWIRE / April 15, 2021 / Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV:HTR) announces that it has closed its previously announced private placement of common shares (the "Offering"). A total of 6,747,500 common shares (the "Common Shares") were sold at price of $0.80 per Common Share, for aggregate gross proceeds of $5,398,000. The proposed name change will follow shortly.

The net proceeds of the Offering will be used to fund exploration activities on the Company's Niblack Cu-Au-Zn-Ag project located in Alaska, property acquisitions and working capital purposes.

The Company paid aggregate finder's fees of $110,280 and issued 137,850 share purchase warrants (the "Finder's Warrants") in connection with subscriptions from subscribers introduced by certain finders. Each Finder's Warrant is exercisable to acquire one share in the capital of the Company at an exercise price of $0.90 per share until April 15, 2022.

Certain insiders of the Company acquired 12,500 Common Shares pursuant to the Offering. Such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report more than 21 days before the expected closing of the Offering, as the details of the Offering were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons and in a timeframe consistent with usual market practices for transactions of this nature.

The Offering remains subject to final approval of the TSX Venture Exchange. The Common Shares and the Finder's Warrants issued under the Offering are subject to a statutory hold period of four months plus one day.

This news 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 U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Heatherdale Resources

Heatherdale Resources Ltd.'s founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Heatherdale builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast Alaska. For more information on Heatherdale, please visit the Company's website at www.heatherdaleresources.com.

On behalf of the Board of Directors

"Robert McLeod"

Robert McLeod, P.Geo
President, CEO and Director

For more information, contact:

Rob McLeod
604-617-0616 (Mobile)
604-343-2997 (Office)
rm@bwcg.ca

Liam Morrison
604-897-9952 (Mobile)
604-343-2997 (Office)
lm@bwcg.ca

Cautionary Note Regarding Forward-Looking Statements:

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the use of proceeds of the Offering. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, receipt of regulatory approvals of the Offering, market volatility; the state of the financial markets for the Company's securities; and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that required regulatory approvals will be obtained and the Company will continue with its stated business objectives. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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 and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.

For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

SOURCE: Heatherdale Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/640527/Heatherdale-Announces-Closing-of-54-Million-Private-Placement

DENVER, CO / ACCESSWIRE / April 14, 2021 /Solitario Zinc Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) today announced it will be featured as a presenting company at the H.C. Wainwright Spring Mining Conference. The conference is being held on April 19-20, 2021 virtually.

Christopher Herald, CEO of Solitario, will provide an overview of the Company's business during the live presentation and will be available to participate in one-on-one meetings with investors who are registered to join the conference.

If you are an institutional investor and would like to attend the conference, please register at the following link: www.hcwevents.com/mining. We invite all investors to listen to the Solitario's presentation online at: https://journey.ct.events/view/b4203305-a368-4424-abf5-d719cb9ef83b starting on April 19^th at 3:00 p.m. EDT and archived for 90 days. Over 60 corporate presentations are available live and on-demand on April 19-20, 2021, starting at 9:00 A.M. (EDT).

Event: H.C. Wainwright Spring Mining Conference (Virtual Conference)

Date: April 19^th, 2021

Time: 3:00 p.m. (Eastern Time)

Location: Virtual Conference

Company Webcasting Link: https://journey.ct.events/view/b4203305-a368-4424-abf5-d719cb9ef83b

About Solitario
Solitario is a well-funded emerging zinc exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$7.7 million. Additional information about Solitario is available online at www.solitariozinc.com.

About H.C. Wainwright & Co.
H.C. Wainwright is a full‐service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. also provides research and sales and trading services to institutional investors. According to Sagient Research Systems, H.C. Wainwright's team is ranked as the #1 Placement Agent in terms of aggregate CMPO (confidentially marketed public offering), RD (registered direct offering) and PIPE (private investment in public equity) executed cumulatively since 1998.

For more information visit H.C. Wainwright & Co. on the web at www.hcwco.com

FOR MORE INFORMATION, CONTACT:
Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

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

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/640279/Solitario-Announces-Participation-at-the-HC-Wainwright-Spring-Mining-Conference-April-19-20-2021-Virtual-Conference

Vancouver, British Columbia–(Newsfile Corp. – April 14, 2021) – Playfair (TSXV: PLY) (FSE: P1J1) (OTC: PLYFF) is planning a core drilling program on its large (201 square kilometers) 100% owned RKV Copper Project in South Central Norway. Playfair has delineated seven drill targets and has filed Drill Notifications with the Norwegian Directorate of Mining (six are approved to date).

The seven drill targets are shown on the attached map and were previously described: Storboren (November 07, 2019 and December 05, 2019 News Releases), Sæterfjellet, (January 06, 2021 News Release), Kletten North and Kletten South (January 28, 2021 News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021 News Release) and Rødalen (March 11, 2021 News Release).

Figure 1

To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/7302/80248_06a228b4a4d9bb5d_002full.jpg

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek's proprietary Computer Aided Resources Detection System (CARDS).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu. A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu "are likely to be associated with weathering copper sulphides."

A presentation on the drilling plans can be found at the following direct link: RKV Drill Plans or on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80248

Vancouver, British Columbia–(Newsfile Corp. – April 13, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FWB: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company"), further to the press release of April 9, is pleased to announce that subject to Exchange approval, it has closed an oversubscribed non-brokered private placement of 3,126,176 units for gross proceeds of $531,450. Each unit consists of one common share at $0.17 and one common share purchase warrant at $0.25 for a period of two years. The Company shall have the right to call the outstanding Warrants for expiry upon 20 days notice in the event that the closing price of the common shares of the Company on the TSX-V is above $0.35 for 10 consecutive trading days. The units issued under the private placement are subject to a four-month hold period from the date of closing.

The proceeds from the private placement will be used to advance the company's gold projects and for general corporate purposes.

The Company is in preparation for an upcoming field season. Further details will be announced in due course.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in greenstone belts in Ontario and the Midas gold camp in Nevada. Currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd.. For more information, please visit Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"

_________________________________
Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept 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/80377

Craig J. Nelsen Appointed Chairman

Toronto, Ontario–(Newsfile Corp. – April 14, 2021) – ATEX Resources Inc. (TSXV: ATX) ("ATEX") announces that all matters submitted to shareholders for approval, as set out in ATEX's Management Information Circular dated February 22, 2021, were approved by the requisite majority of votes cast at its Annual General Meeting of Shareholders held in Toronto, Ontario, including resolutions:

Election of Craig J. Nelsen, Dr. Raymond Jannas, Carl Hansen, Robert Suttie and William Jung as directors of ATEX;
Re-appointment of DeVisser Gray LLP as the auditors of ATEX for the ensuing year; and,
Approval of the continuation of ATEX's incentive "Stock Option Plan".

Craig J. Nelsen, the newly appointed Chairman of the Board, commented, "I am pleased to see that all resolutions were passed at the Annual General Meeting and I am excited to transition to the Chairman of the Board and take a more active role in the direction of ATEX. I would also like to take the opportunity to thank Carl Hansen, who stepped down as Chairman, for his dedication after 10 years as Chairman of ATEX and its predecessor company and I am pleased that Mr. Hansen will continue as an active ATEX director."

Mr. Nelsen has extensive exploration experience with senior management roles at major mining companies along with a strong corporate background as a board member of a number of exploration and gold mining companies, including New Gold, Golden Star and OceanaGold. He has been involved in a number of major discoveries and development projects in South America including the Pascua gold deposit and the El Morro copper gold deposit, both located in Chile, the Cerro San Pedro gold silver deposit in Mexico and the Cerro Corona gold deposit in Peru.

About ATEX Resources Inc.

ATEX is a mineral exploration company, listed on the TSX Venture Exchange, dedicated to the acquisition, development and monetization of projects throughout the Americas. ATEX's flagship Valeriano Copper Gold Property is located in Chile's prolific El Indio Mineral Belt.

On behalf of ATEX Resources Inc.

Dr. Raymond Jannas, CEO

For additional information, please email info@atexresources.com or call 1-647-287-3778.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80459

Gold prices have rebounded on government data showing a slightly higher-than-expected reading on U.S. inflation. This bolstered bullion’s appeal as an inflation hedge and put pressure on the dollar. Further, Food and Drug Administration’s recommendation to states to pause the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots, fueled the safe-haven demand for the metal and propped up prices. Spot gold gained 0.5% to $1,744.80 an ounce on Apr 12 and gold futures for June delivery advanced 0.87% to $1,746.20.

The US Dollar Index lost 0.33% to 91.844 on Apr 13 on this higher-than-expected figures. The US 10-year bond yields remains at 1.63%, near three-week lows of 1.618%. After reaching 14-month highs of 1.78% in March, treasury yields have been declining this month on encouraging economic data from the United States and concerns over a spike in inflation.

Overall, the yellow metal has lost 8% of its value so far this year due to vaccine rollouts and optimism over economic recovery. Global gold ETFs lost 107.5 tons ($5.9 billion) in March, marking outflows for the second month in a row in which net outflows ranked the top 10 worst outflows historically. In the first quarter of 2021, global gold ETFs lost 177.9 tons ($9.5 billion). As of the quarter-end, global assets under management (AUM) stand at 3,574 tons ($194.5 billion) — at levels last seen in June 2020. Since the peak attained in November 2020, gold ETF holdings have declined 9% in tonnage terms, at par with the drop in gold price.

Going forward, India and China (that roughly account for around 50% of consumer gold demand), will sustain demand for the yellow metal. The ongoing economic recovery in China will lead to higher demand for the yellow metal. Gold demand in India is seasonally high in the later part 2020, courtesy of the wedding and festive seasons when buying the yellow metal is considered auspicious. Central banks also continue to buy gold. Thus, demand for gold is likely to improve this year.

The Zacks Gold Mining industry has gained 5.8% year to date compared with the S&P 500’s rally of 4.5%. The industry falls under the broader Basic Materials sector that gained 1.9%.

Barrick Gold Corp GOLD: Headquartered in Toronto, Canada, Barrick Gold engages in the exploration, mine development, production, and sale of gold and copper properties.

The company is expected to gain from progress of its key growth projects that are likely to contribute to its production. Barrick Gold has a strong liquidity position and generates healthy cash flows, which positions it well to take advantage of attractive development, exploration and acquisition opportunities. The company should gain from its merger with Randgold, which formed an industry-leading gold company and fortified its position among senior gold peers. Further, it is close to finalizing an agreement with the Papua New Guinea government to reopen the Porgera gold mine. Porgera churned out about 600,000 ounces of gold in 2019 before being put on care and maintenance.

Harmony Gold Mining Company Limited HMY: Headquartered in Randfontein, South Africa, Harmony Gold Mining engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea.

IAMGOLD Corporation IAG: Headquartered in Toronto, Canada, IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa.

New Gold Inc. NGD: Headquartered in Toronto, Canada, New Gold is an intermediate gold mining company, which engages in the development and operation of mineral properties.

Breakout Biotech Stocks with Triple-Digit Profit Potential

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

See these 7 breakthrough stocks now>>

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

Barrick Gold Corporation (GOLD) : Free Stock Analysis Report

Iamgold Corporation (IAG) : Free Stock Analysis Report

Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), announces completion of a suite of diagnostic test work at the Australian Nuclear Science and Technology Organization (ANSTO) in Sydney, to extract rare earth elements (REE) from mineral sand monazite. The monazite was sourced from an Australian mineral sand mine. Discussion is ongoing with additional prospective suppliers.

Mineral sand monazite is an abundant REE-rich feedstock, that can be accessed as a by-product from global mineral-sand mines that target zirconium and titanium, without the need for additional mining. Medallion’s business model is centered on the Medallion Monazite Process, a transferable and scalable technology designed to accept multiple mineral-sand monazite feedstocks and extract high-value REEs with high efficiency, high recovery and zero liquid waste.

Current and ongoing test work is focused on correlating low cost “diagnostic” mineralogical and chemical data from “run of mine” monazite, sourced from operating mines and prospective producers, with extraction results from the Medallion Monazite Process. This growing data bank will ensure optimal process conditions can be anticipated for all monazite sources and optimal sites identified for a Medallion Monazite Processing hub.

The diagnostic test work builds upon research completed by Medallion over the past 5 years in Saskatchewan, Canada. ANSTO’s deep experience in REE-processing and mineral sand monazite makes it an unrivaled research partner for Medallion’s ongoing work.

Medallion utilizes Life Cycle Assessment (LCA) as a tool to help reduce the environmental and CO₂ impact of REE production wherever possible. Processing mineral-sand monazite close to source presents the most sustainable solution versus long distance transport. As Australia, South East Asia and the Indian Ocean region are the dominant global sources of mineral sand monazite, expanding research networks in this region, with partners like ANSTO, is highly relevant for future business opportunities.

“The study we have just completed at ANSTO enables us to be increasingly predictive toward REE- extraction and separation process conditions,” said Mark Saxon, CEO and President. “By acquiring a simple set of data from monazite suppliers, we can be predictive on the process conditions, costs and quantity of market-ready REE products.”

Techno-Economic Assessment (TEA) Update

Utilizing independent consultants, Medallion is presently finalizing a Techno-Economic Assessment (TEA) and Life Cycle Assessment (LCA) for the Medallion Monazite Process (see press release dated November 10 2020) and January 5 2021. These studies draw together Medallion’s engineering, financial and environmental impact data and will become the foundation of Medallion’s technology execution strategy.

Delivery of the TEA has unfortunately been impacted by COVID-19 staffing restrictions within consulting service providers. Results are now anticipated by mid-May 2021.

Mark Saxon further commented, “while reporting delays are never ideal, we acknowledge the current challenges and restrictions faced by consultants and researchers in the execution of their business. The financial and LCA model is a far-reaching study that will allow us to compare and prioritize operating locations and feedstocks to ensure the most profitable and lowest-environmental impact decisions are made.”

About Medallion Resources

Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third-party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact(s):

Mark Saxon, President & CEO
Donald Lay, Director & VP, Corporate Development
+1.604.681.9558 or info@medallionresources.com

Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to the completion of additional tranche(s) of the Offering and the intended use of the proceeds. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the Company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. Also, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

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

CALGARY, AB / ACCESSWIRE / April 13, 2021 / New Stratus Energy Inc. (TSXV:NSE) ("New Stratus" or the "Corporation") announces the grant of incentive stock options to acquire a total of 1,290,000 common shares of the Corporation to various directors, officers and consultants of the Corporation pursuant to the Corporation's stock option plan and subject to any regulatory approval. Each stock option, vests immediately and is exercisable at a price of $0.24 per share for a period of five years from the grant date.

Contact Information:

Jose Francisco Arata
Chief Executive Officer
jfarata@newstratus.energy

Mario A. Miranda
Chief Financial Officer
mmiranda@newstarus.energy / (416) 363-4900

SOURCE: New Stratus Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/640313/New-Stratus-Energy-Announces-Option-Grants

Initial 15-hole drill program expected to commence in June

Geophysical Surveys

Geology reconnaissance and surface sampling; helicopter borne magnetometry and radiometric (“Heli-mag”); and a 14-line Controlled Source Audio Magneto Telluric survey, (“CSAMT”)

WATCH VIDEO SUMMARY OF THE PRESS RELEASE

WINNEMUCCA, Nevada, April 13, 2021 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. (NYSE American: PZG) announced today that it has received all required permits to conduct exploratory drilling at the Frost Project (“Frost”) in Eastern Oregon from the Bureau of Land Management (“BLM”), the Oregon Department of Geology and Mineral Industries (“DOGAMI”) and associated agencies.

Frost is comprised of 84 unpatented lode claims covering approximately 1,730 acres located 12 miles southwest of the Company’s proposed high-grade, underground Grassy Mountain gold mine in Malheur County, Oregon (“Grassy”).

Paramount CEO, Rachel Goldman stated: “Our team is excited to undertake the upcoming drill program at Frost given the high-grade nature of the historic intercepts which yielded up to 25 g/T gold and 27 g/T silver but were never properly evaluated.”

Given the proximity of Frost to Grassy, mineralized material would be trucked as mill feed to the Grassy processing facility. Every incremental 270,000 tonnes of economic mineralized material would extend the mine life by a year, improving overall project economics as defined in the Grassy Feasibility study.

The interpretation of the historic drilling data in conjunction with geophysical survey results provided the basis for the planned 9,000 ft., 15-hole reverse circulation drill campaign which is expected to start in late Q2, 2021.

The historic high-grade gold encountered at Frost was from structures exhibiting magnetic lows in rock formations similar in nature to those found at Grassy.

Since acquiring the Frost Project in 2018, Paramount has completed multiple surveys, including: geology reconnaissance and surface sampling; helicopter borne magnetometry and radiometric (“Heli-mag”); and a 14-line Controlled Source Audio Magneto Telluric survey, (“CSAMT”).

Heli-mag & Radiometric: Due to the nature of deposits like Grassy and the Frost prospect, alteration and/or oxidation along mineralized or fluid conducting structures, exhibit a relatively lower magnetic signature. Additionally, potassium rich minerals such as adularia and sericite are often associated with gold deposition and since potassium is a slightly radiometric element, it can be mapped by sensors.

CSAMT: This study measures the variation in electrical conductivity of different rock types, enabling the favourable rocks and faults to be mapped at varying elevations to create a three-dimensional model. Grassy and Frost are the type of deposits where gold is also associated with an increase in non-conductive silica. By mapping conductivity, areas of increased silicification are identified as zones of very low conductivity or inversely, as high resistivity.

Paramount President and COO, Glen van Treek explained: “All of these surveys, along with field examination, rock sampling, mapping, geological staff experiences and 3-D analysis have helped to design the upcoming drilling campaign.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6895e0c1-f156-418d-8d53-141d200e30f7

About Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering into joint ventures with producers for construction and operation; or constructing and operating mines for its own account.

Paramount owns 100% of the Grassy Mountain Gold Project which consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit (100% located on private land) for which results of a positive Feasibility Study have been released and key permitting milestones accomplished.

Paramount owns a 100% interest in the Sleeper Gold Project located in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,322 unpatented mining claims (approximately 60 square miles or 15,500 hectares). The Sleeper gold project is host to a large gold deposit (over 4 million ounces of mineralized material) and the Company has completed and released a positive Preliminary Economic Assessment. With higher gold prices, Paramount has begun work to update and improve the economics of the Sleeper project.

Safe Harbor for Forward-Looking Statements
This release and related documents may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions are intended to identify forward-looking statements, although these words may not be present in all forward-looking statements. Forward-looking statements included in this news release include, without limitation, statements with respect to the use of proceeds from the Offerings. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the conclusions made in the feasibility study for the Grassy Mountain Gold Project (the “FS”); the quantity and grade of resources included in resource estimates; the accuracy and achievability of projections included in the FS; Paramount’s ability to carry on exploration and development activities, including construction; the timely receipt of required approvals and permits; the price of silver, gold and other metals; prices for key mining supplies, including labor costs and consumables, remaining consistent with current expectations; work meeting expectations and being consistent with estimates and plant, equipment and processes operating as anticipated. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results; environmental matters; the ability to obtain required permitting; equipment breakdown or disruptions; additional financing requirements; the completion of a definitive feasibility study for the Grassy Mountain Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs and between estimated and actual production; the global epidemics, pandemics, or other public health crises, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and the other factors described in Paramount’s disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Securities Commissions.

Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

Paramount Gold Nevada Corp.
Rachel Goldman, Chief Executive Officer
Christos Theodossiou, Director of Corporate Communications
866-481-2233
Twitter: @ParamountNV

Toronto, Ontario–(Newsfile Corp. – April 13, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the exercise of 12,959,357 common share purchase warrants for gross proceeds of $1.94 million. Each common share purchase warrant was exercisable for one whole common share of the Company, for a period of two years at an exercise price of $0.15. The warrants were issued in connection with a non-brokered private placement announced on March 14, 2019. Maritime currently has 7.9 million common share purchase warrants outstanding.

"This infusion of cash further strengthens Maritime's balance sheet, which following the close of Tembo Capital's private placement and the purchase of the Nugget Pond gold circuit announced earlier today brings the Company's current cash position to $11.5 million," commented Garett Macdonald, President and CEO of Maritime. "2021 will be a pivotal year for Maritime as we advance the Hammerdown Gold Project through feasibility and permitting while conducting an extensive exploration program across our key projects in Newfoundland and Labrador," continued Mr. Macdonald.

Maritime would like to acknowledge the financial support provided through the Government of Newfoundland and Labrador's Junior Exploration Assistance Program for the Company's exploration program conducted at the Green Bay project during 2020.

About Maritime Resources Corp.

Maritime holds a 100% interest, directly and subject to option agreements entitling it to earn 100% ownership, in the Green Bay Property, including the former Hammerdown gold mine, and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000-2004.

On Behalf of the Board:

Garett Macdonald, MBA, P.Eng.
President and CEO

For further information, please contact:

Tania Barreto, CPIR
Head of Investor Relations
1900-110 Yonge Street, Toronto, ON M5C 1T4
416-365-5323
www.maritimeresourcescorp.com

Twitter
Facebook
LinkedIn
YouTube

Caution Regarding Forward Looking Statements:

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends", "indicates" "plans" and similar expressions. Forward-looking statements include statements concerning the potential to increase mineral resource and mineral reserve estimates, the Company's decision to restart the Project, the Company's plans regarding depth extension of the deposit at Hammerdown, the Company's plans regarding completing additional infill and grade control testing within the PEA mine plan, the Company's plans regarding drilling targets previously identified, the anticipated timing of provincial environmental assessment approval for Hammerdown, the Company's plans related to the Nugget Pond gold circuit, including receipt of certain approvals related to those activities, and the Company's decision to acquire new mineral property interests and assets and other business opportunities, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including market reaction to the coronavirus outbreak; competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision at Hammerdown and executing exploration programs at its Newfoundland and Labrador properties on the Company's proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company's properties; uncertainty as to whether the acquisition of assets and new mineral property interests will be completed in the manner currently contemplated by the parties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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/80326

When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far more than 100% on a really good stock. One great example is Hargreaves Services Plc (LON:HSP) which saw its share price drive 102% higher over five years. Also pleasing for shareholders was the 15% gain in the last three months.

Check out our latest analysis for Hargreaves Services

Hargreaves Services' earnings per share are down 33% per year, despite strong share price performance over five years.

Essentially, it doesn't seem likely that investors are focused on EPS. Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

The modest 1.7% dividend yield is unlikely to be propping up the share price. The revenue reduction of 13% per year is not a positive. So it seems one might have to take closer look at earnings and revenue trends to see how they might influence the share price.

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

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free report showing analyst forecasts should help you form a view on Hargreaves Services

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Hargreaves Services' TSR for the last 5 years was 124%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

It's good to see that Hargreaves Services has rewarded shareholders with a total shareholder return of 55% in the last twelve months. And that does include the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 18% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 2 warning signs we've spotted with Hargreaves Services .

Hargreaves Services is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

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

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

Toronto, Ontario–(Newsfile Corp. – April 13, 2021) – Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce the execution and ratification by a Mexican Notary Public of the surface rights agreement with Colonia on the San Jose Silver Project ("San Jose") located near the USA border in Chihuahua, Mexico.

As the Company informed on the press release dated March 4, 2021, surface lands for the San Jose project area are partially covered by "Ejido" lands and "Colonia" lands (community or communal lands), therefore the Company is required to sign a surface rights agreement with both the Ejido and Colonia authorities to advance its environmental permit to proceed with its planned 5,000 meters drilling program.

Eight of the ten targets for the drilling program are located on Colonia, and with the execution of this surface land agreement with Colonia the Company is ready to apply for the environmental permit that will allow to drill on Colonia section. Simultaneously, Monarca will continue negotiations to sign the surface rights agreement with Ejido.

As part of the planning for the drilling program, the Company has been working with Matrix Geotechnologies, Ltd., a Canadian geophysics company that did the geophysics program in San Jose on 2018, and now is advising Monarca's technical team to finalize the targets.

In the same line of preparation, we are please to inform that Monarca engaged Layne de México, SA de CV, a Mexican subsidiary of Layne's Mineral Services Division as a contractor for the 5,000 meters drilling program.

Layne Mineral Services is one of the three largest providers of drilling services in the Americas, and its Mexican subsidiary has the equipment and technical team located in the neighbour state of Sonora, Mexico, offering a minimal impact on transportation of equipment and transfer of technical team to the site.

The Company expects to receive the environmental permit in a few weeks.

Qualified Person Statement

Michael R. Smith is the Qualified Person (QP) who has prepared and approved the scientific and technical information disclosed in this news release. Mr. Smith is a Registered Member (#04167376 – Geology) of the Society for Mining, Metallurgy & Exploration (SME) and the Executive Vice President, Exploration for Monarca Minerals Inc.

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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80294

Vancouver, British Columbia–(Newsfile Corp. – April 12, 2021) – Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report that it has completed a reappraisal of the diamond drilling and ground magnetometer survey results for its Itaítuba vanadium project, in the Tapajós region of northern Brazil. Project work initially focused on vanadium-bearing magnetite bodies, but the recent work has shown that the host gabbros also contain disseminated vanadium-bearing magnetite that can be concentrated to enrich the vanadium grade. Surface mapping and the magnetic survey show these gabbros to be extensive within the Lara property and the Company plans to undertake further geophysical surveys and follow-up drilling later in the year.

Half core samples from four scout holes were subjected to Davis Tube Recovery ("DTR") testing and the resulting magnetic concentrates then assayed for vanadium pentoxide ("V2O5"). In the fresh rock sections of three of the holes (holes SR-02, SR-03 and SR-04), significant intervals were identified, where the magnetite concentrate recovery values are in the order of 10 to 20% of the original core sample mass. In two of these holes (SR-03 and SR-04) the V2O5 grades for these concentrates are in the order of 0.8% to 1.1% (see table below). The hole SR-04 has the thickest interval of 47.65m and is still open to depth. The down hole intervals are assumed to be approximately true width, based on the surface mapping information and the drill core logging.

DRILL HOLE	E-UTM	N-UTM	From (m)	To (m)	Width (m)	DTR (%)	V2O5 in concentrate (%)
SR-01	624356	9500481	No significant results
SR-02	624569	9500559	70.90	75.35	4.45	20.75	0.64
SR-03	624463	9500378	24.03	41.80	17.77	17.34	0.83
SR-04	624362	9500104	25.70	73.35	47.65	11.02	0.91
incl			51.40	55.75	4.35	15.56	1.08
and			66.35	71.85	5.50	14.49	1.15

No significant vanadium enrichment was detected in the magnetic concentrates in the weathered saprolite upper parts of any of the four drill holes. The core logging indicates that the vanadium enriched zones are associated with intercalated units of magnetite-olivine-gabbro and ferro-gabbro. Contacts observed in the cores indicate a sub-horizontal or gently west-dipping attitude for these units consistent with the dips of the overlying massive magnetite bodies.

Review of ground magnetic data indicates that drill hole SR-04 is located central to a large anomaly in the order of 700m (E-W) by 300m to 400m (N-S), at the southern end of the complex, indicating the possibility that the vanadium-bearing disseminated magnetite units could have a large horizontal extent in this southern part of the complex (see Figure 1. below). Holes SR-02 and SR-03, which reported narrower and lower grade vanadium pentoxide intersections, are both located in a similar-sized magnetic anomaly immediately to the north of the SR-04 zone and other strong magnetic anomaly zones are present along the northward extension for a further 2,000m along the main ridge. Surface geological mapping suggests that the entire ridge is underlain by the gabbro complex.

Figure 1

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2373/79965_picture1.jpg

Further work is planned, including extensions to the original ground magnetics survey, geological mapping with the objective to identify the more magnetite-rich ferro-gabbro phases within the complex, and drill testing of the priority target unit already identified at the southern end of the complex, as well as scout drilling at other priority magnetic zones in the central and northern parts of the complex.

Background

Work at the Itaítuba project initially focused on outcropping massive vanadium and titanium bearing magnetite bodies, hosted in a gabbro complex, as a possible direct shipping ore. The surface rock chip sampling indicated that the magnetites contained between 21% and 24% titanium dioxide ("TiO2") and from 0.35 to 0.5% V2O5 (see Lara news release of April 17th, 2012).

Surface geological mapping and the scout drilling of four shallow holes, from 35m to 75m in depth, located in the southern end of the host gabbro complex, show that these magnetite bodies are flat sheet-like bodies from 2m to 8m thick with a shallow westerly dip. The early Quemscan and Davis Tube Recovery testing on selected surface samples suggested that it would not be possible to obtain a concentrate of any better vanadium grade because the titanium and vanadium are both contained within the magnetite crystal structure (see Lara news release of February 11^th, 2014).

Logging of the drill core indicated that the massive magnetites are hosted by a multi-phase system of different gabbro intrusives, some of which are extremely enriched in disseminated magnetite (ferro-gabbros). Initial sampling of a few short intervals of these magnetite-rich gabbro phases indicated that it was possible to obtain a magnetite concentrate from some of the samples of between 6.6% and 42.6% of the original sample weight and that these concentrates analyzed V2O5 grades from 0.32 % up to 1.03% V2O5 with enrichment factors up to 10.8 times the vanadium pentoxide values in the core samples (see Lara news release of February 26^th, 2019).

Sampling methodology, Chain of Custody, Quality Assurance and Quality Control

All the rock channel and drill core sampling were carried out by or under the supervision of the Company's Vice-President Exploration and the chain of custody of the samples and drill core from the project area to the Company's sample preparation facilities in Itaituba and Canãa dos Carajás was continuously monitored.

Sample intervals for the drill core samples varied between 0.2m and 3.0m. The core samples were delivered to the sample preparation laboratories of SGS-Geosol in Parauapebas and to ALS in Goiânia where the samples were crushed and pulverized. SGS-Geosol dispatched sample pulps to their own analytical laboratory at Vespasiano, near Belo Horizonte, Minas Gerais State, Brazil, whereas ALS dispatched the pulps to their dedicated facility in Loughrea, Ireland.

Davis Tube Recovery magnetic concentrates were obtained for each sample, using a magnetic field force of 3000 Gauss and the concentrates, after drying and weighing to determine the percentage of magnetic iron concentrate recovery, were analyzed by XRF for V2O5, TiO2, Fe2O3 and seven other oxides after fusion with lithium tetraborate and for Loss on Ignition, which was determined by heating the sample in a furnace at 405 degrees centigrade.

Both SGS-Geosol and ALS inserted blank, certified standard and duplicate samples into each sample batch. Both laboratories are independent from Lara.

Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this news release.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

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

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79965

Today we will run through one way of estimating the intrinsic value of Aurelia Metals Limited (ASX:AMI) by taking the forecast future cash flows of the company and discounting them back to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

See our latest analysis for Aurelia Metals

The calculation

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

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

10-year free cash flow (FCF) estimate

	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Levered FCF (A$, Millions)	-AU$139.0m	AU$125.0m	AU$61.0m	AU$76.0m	AU$91.0m	AU$85.3m	AU$82.0m	AU$80.3m	AU$79.7m	AU$79.7m
Growth Rate Estimate Source	Analyst x1	Analyst x1	Analyst x1	Analyst x1	Analyst x1	Est @ -6.29%	Est @ -3.8%	Est @ -2.06%	Est @ -0.84%	Est @ 0.02%
Present Value (A$, Millions) Discounted @ 7.8%	-AU$129	AU$108	AU$48.7	AU$56.3	AU$62.5	AU$54.4	AU$48.5	AU$44.1	AU$40.6	AU$37.6

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = AU$371m

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 7.8%.

Terminal Value (TV)= FCF₂₀₃₀ × (1 + g) ÷ (r – g) = AU$80m× (1 + 2.0%) ÷ (7.8%– 2.0%) = AU$1.4b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= AU$1.4b÷ ( 1 + 7.8%)¹⁰= AU$664m

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$1.0b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of AU$0.4, the company appears quite undervalued at a 49% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

Important assumptions

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Aurelia Metals as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.106. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. What is the reason for the share price sitting below the intrinsic value? For Aurelia Metals, there are three pertinent aspects you should explore:

Risks: To that end, you should be aware of the 3 warning signs we've spotted with Aurelia Metals .
Future Earnings: How does AMI's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

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

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

VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") announces that it has agreed to settle a total of CAD$116,348.49 in debt (the “Debt”) to directors and employees in exchange for 484,785 common shares (the “Shares”) at a price of $0.24 per Share (the “Shares for Debt”).

Bill Koutsouras, Aton’s Interim CEO & Chairman of the Board stated, “I would like to thank the directors and employees who have opted to receive amounts payable to them in Shares. This is a show of confidence in Aton as we continue to move forward aggressively with plans to recommence drilling on our projects”.

The Shares for Debt transaction is subject to the approval of the TSX Venture Exchange. All Shares issued will be subject to a four-month hold period. No new control person will be created as a result of the Shares for Debt transactions.

About Aton Resources Inc.

Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession (“Abu Marawat”), located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the advanced Rodruin exploration prospect in the south of the Concession. Two historic British gold mines are also located on the Concession at Sir Bakis and Semna. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety of styles of precious and base metal mineralisation. Abu Marawat is 447.7 km² in size and is located in an area of excellent infrastructure; a four-lane highway, a 220kV power line, and a water pipeline are in close proximity, as are the international airports at Hurghada and Luxor.

For further information regarding Aton Resources Inc., please visit us at www.atonresources.com or contact:

BILL KOUTSOURAS

Interim CEO
Tel: +1 345 525 2512
Email: info@atonresources.com

Note Regarding Forward-Looking Statements

Some of the statements contained in this release are forward-looking statements. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

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

VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) — Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) today announced that it is postponing its 2021 annual meeting of shareholders (the “Meeting”) to April 19, 2021 to provide its shareholders with additional time to vote on the proposals submitted for shareholder approval at the Meeting. Shareholders are advised that because one of the proposals involves proposed amendments to the Company’s articles of incorporation, the holders of a majority of the outstanding shares of Silver Bull common stock must approve such proposal.

The record date for determining the shareholders eligible to vote at the Meeting will remain the close of business on February 18, 2021. Shareholders who have already submitted a proxy do not need to vote again for the postponed Meeting rescheduled for Monday, April 19, 2021 at 10:00 a.m. Pacific time at the Company’s offices at 777 Dunsmuir Street, Suite 1610, Vancouver, British Columbia, as the proxies submitted will remain valid.

Of particular importance, the Company’s board of directors strongly recommends that all shareholders to vote “FOR” the proposal to increase the number of authorized shares. In the absence of an affirmative vote to increase the number of authorized shares of Silver Bull common stock, the Company will have virtually no shares available for issuance to raise funds to fund general corporate overhead or cover the costs associated with maintaining its mining interests, including in the Sierra Mojada project in Mexico.

Silver Bull shareholders as of close of business on February 18, 2021 who have not voted are encouraged to vote online at www.proxyvote.com or by telephone at 1-800-690-6903. The proxy voting deadline to vote by Internet or telephone is April 18, 2021 at 11:59 p.m. Eastern time. Silver Bull shareholders who require assistance with voting their shares or have questions may contact the Company by email at info@silverbullresources.com.

Shareholders who have already submitted proxies and want to change their proxy can update their vote at any time before the votes are cast at the Meeting. Your vote will be recorded at the Meeting in accordance with your most recently submitted proxy.

Important Information

This communication may be deemed to be solicitation material in connection with the proposals to be considered at the Meeting. In connection with the proposals, Silver Bull filed a definitive proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission (the “SEC”) on February 23, 2021. Shareholders are urged to read the definitive proxy statement and all other relevant documents filed with the SEC because they contain important information about the proposals. An electronic copy of the definitive proxy statement is available on the Company’s website at www.silverbullresources.com, on the Company’s EDGAR profile at www.sec.gov, and on its SEDAR profile at www.sedar.com.

Participants in the Solicitation

Silver Bull and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Silver Bull shareholders in respect of the proposals to be considered at the Meeting. Information about the directors and executive officers of Silver Bull can be found in its Annual Report on Form 10-K for the year ended October 31, 2020 filed with the SEC on January 28, 2021, filings on Form 3, 4 and 5 filed with the SEC, and the Company’s definitive proxy statement for the Meeting filed with the SEC on February 23, 2021.

About Silver Bull

Silver Bull is a Vancouver-based mineral exploration company whose shares are listed on the TSX and trade on the OTCQB in the United States. Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc. Sierra Mojada is currently under a joint venture option with South32 International Investment Holdings Pty Ltd. In addition, Silver Bull’s subsidiary, Arras Minerals Corp. holds an Option Agreement to acquire the Beskauga Copper-Gold Project, located in North Eastern Kazakhstan.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer, President and Director

INVESTOR RELATIONS:
+1 604 687 5800
info@silverbullresources.com

Cautionary note regarding forward looking statements: Certain statements in this news release are “forward-looking” within the meaning of applicable securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements include, but are not limited to, statements relating to the proposals to be considered at the Meeting. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, market prices, metal prices, availability of capital and financing, general economic, market or business conditions, as well as other risk factors set out under the heading “Risk Factors” in the Annual Report on Form 10-K for the year ended October 31, 2020, which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

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

Experienced public company CFO joins Rogue management team
In February-March Rogue Stone sold 3,313 tons realizing an average price of $74/ton
Average value of limestone sold rises as expected with increased demand for higher value products

TORONTO, ON / ACCESSWIRE / April 12, 2021 / Rogue Resources Inc. (TSX-V:RRS) ("Rogue" or the "Company") is pleased to announce the appointment of Mr. Travis Gingras as Chief Financial Officer ("CFO") of the Company. Mr. Gingras will replace Sean Samson, who has recently acted as Interim CFO.

Travis Gingras is a CPA, CMA and holds an MBA. He has more than twenty years of experience in finance, strategic planning, project management, accounting policy and financial reporting. Travis previously held CFO and executive level positions in a number of publicly traded exploration and mining companies including as CFO of Integra Gold Corp (formerly TSXV:ICG, purchased by Eldorado Gold in 2017).

"It's great to welcome Travis as CFO", said Sean Samson, President and CEO of Rogue. "Travis has a proven track record of sound leadership and financial expertise with public companies and we look forward to him joining the team."

Rogue Stone – February and March Update

Quarry Operations at the Orillia Quarry have continued through the winter and early spring with strong demand for Rogue's limestone products. During the months of February and March, the Company sold a total of 3,313 tons of limestone for gross revenue of $244,235 and are in line with the sales expectations following the closing of the 3^rd quarter on January 31, 2021. Rogue Stone also observed the expected 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 spring and the warmer weather.

Period

Tons

Average Realized Revenue per ton sold

Average Cost of Goods ("COGS") per ton sold

Q3-2021

November 2020 – January 2021

6,914

$70

$37

February – March

3,313

$74

To be announced with

Q4-2021 results

"As we approach our first full year of operations with both quarries, we are pleased to see that the demand and sales of limestone are continuing to meet or exceed expectations.", said Sean Samson, President and CEO of Rogue. "We anticipate that our sales will continue to increase through the spring and summer with rising revenue per ton sold as our sales mix shifts to more high value products."

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/639923/Rogue-Update-Appoints-new-CFO-Landscape-Stone-Sales-continue-through-February-and-March

Just because a business does not make any money, does not mean that the stock will go down. Indeed, Havilah Resources (ASX:HAV) stock is up 138% in the last year, providing strong gains for shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given its strong share price performance, we think it's worthwhile for Havilah Resources shareholders to consider whether its cash burn is concerning. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

View our latest analysis for Havilah Resources

How Long Is Havilah Resources' 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. Havilah Resources has such a small amount of debt that we'll set it aside, and focus on the AU$5.9m in cash it held at January 2021. In the last year, its cash burn was AU$2.9m. Therefore, from January 2021 it had 2.0 years of cash runway. Arguably, that's a prudent and sensible length of runway to have. Depicted below, you can see how its cash holdings have changed over time.

How Is Havilah Resources' Cash Burn Changing Over Time?

Whilst it's great to see that Havilah Resources has already begun generating revenue from operations, last year it only produced AU$167k, so we don't think it is generating significant revenue, at this point. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. Notably, its cash burn was actually down by 57% in the last year, which is a real positive in terms of resilience, but uninspiring when it comes to investment for growth. Admittedly, we're a bit cautious of Havilah Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Havilah Resources Raise More Cash Easily?

While we're comforted by the recent reduction evident from our analysis of Havilah Resources' cash burn, it is still worth considering how easily the company could raise more funds, if it wanted to accelerate spending to drive growth. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of AU$61m, Havilah Resources' AU$2.9m in cash burn equates to about 4.7% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

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

As you can probably tell by now, we're not too worried about Havilah Resources' cash burn. For example, we think its cash burn relative to its market cap suggests that the company is on a good path. And even its cash runway was very encouraging. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. Taking a deeper dive, we've spotted 4 warning signs for Havilah Resources you should be aware of, and 2 of them are significant.

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

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

Just because a business does not make any money, does not mean that the stock will go down. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given this risk, we thought we'd take a look at whether Prairie Mining (ASX:PDZ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Prairie Mining

How Long Is Prairie Mining's Cash Runway?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Prairie Mining last reported its balance sheet in December 2020, it had zero debt and cash worth AU$6.0m. Looking at the last year, the company burnt through AU$2.1m. That means it had a cash runway of about 2.9 years as of December 2020. Arguably, that's a prudent and sensible length of runway to have. You can see how its cash balance has changed over time in the image below.

How Is Prairie Mining's Cash Burn Changing Over Time?

Whilst it's great to see that Prairie Mining has already begun generating revenue from operations, last year it only produced AU$389k, so we don't think it is generating significant revenue, at this point. Therefore, for the purposes of this analysis we'll focus on how the cash burn is tracking. While it hardly paints a picture of imminent growth, the fact that it has reduced its cash burn by 49% over the last year suggests some degree of prudence. Prairie Mining makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For Prairie Mining To Raise More Cash For Growth?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for Prairie Mining to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Prairie Mining has a market capitalisation of AU$55m and burnt through AU$2.1m last year, which is 3.8% 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 Prairie Mining's Cash Burn A Worry?

As you can probably tell by now, we're not too worried about Prairie Mining's cash burn. In particular, we think its cash runway stands out as evidence that the company is well on top of its spending. But it's fair to say that its cash burn reduction was also very reassuring. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. On another note, we conducted an in-depth investigation of the company, and identified 4 warning signs for Prairie Mining (1 is a bit concerning!) that you should be aware of before investing here.

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

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

Vancouver, British Columbia–(Newsfile Corp. – April 9, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce that subject to Exchange approval, it has completed the first tranche of an oversubscribed non-brokered private placement of 3,026,176 units for gross proceeds of $514,450. Each unit consists of one common share at $0.17 and one common share purchase warrant at $0.25 for a period of two years. The Company shall have the right to call the outstanding Warrants for expiry upon 20 days notice in the event that the closing price of the common shares of the Company on the TSX-V is above $0.35 for 10 consecutive trading days. The units issued under the private placement are subject to a four-month hold period from the date of closing.

The proceeds from the private placement will be used to advance the company's gold projects and for general corporate purposes.

A drill permit was recently received for the Thundercloud project in Ontario. The Golden Repeat project in Nevada has a current drill permit. Exploration program planning is in progress and details will be announced in due course.

About Dynasty Gold Corp.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"

_________________________________
Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80007

CONNECT WITH US

Tweets

Tweet with hash tag #miningfeeds or @miningfeeds and your tweets will be displayed across this site.

Tweets by MiningFeeds

MOST ACTIVE MINING STOCKS

Daily Gainers


CMC Metals Ltd.	CMB.V	+900.00%
Eden Energy Ltd	EDE.AX	+200.00%
GoviEx Uranium Inc.	GXU.V	+42.86%
Eagle Nickel Ltd.	ENL.AX	+41.67%
Citigold Corp. Limited	CTO.AX	+33.33%
Mount Burgess Mining NL	MTB.AX	+33.33%
Exalt Resources Limited	ERD.AX	+31.94%
Casa Minerals Inc.	CASA.V	+30.00%
Cariboo Rose Resources Ltd	CRB.V	+28.57%
Belmont Resources Inc.	BEA.V	+28.57%

For Immediate Release

Here are highlights from Wednesday’s Analyst Blog:

Gold Rebounds on U.S. Inflation Data: 4 Stocks to Watch

Breakout Biotech Stocks with Triple-Digit Profit Potential

What About Dividends?

A Different Perspective

Bridal Veil – Preliminary Site Visit – Nov 2020

Bridal Veil Sample Locations and Magnetic Anomalies

Breakout Biotech Stocks with Triple-Digit Profit Potential

Geophysical Surveys

Geology reconnaissance and surface sampling; helicopter borne magnetometry and radiometric (“Heli-mag”); and a 14-line Controlled Source Audio Magneto Telluric survey, (“CSAMT”)

What About Dividends?

A Different Perspective

The calculation

10-year free cash flow (FCF) estimate

Important assumptions

Moving On:

How Long Is Havilah Resources' Cash Runway?

How Is Havilah Resources' Cash Burn Changing Over Time?

Can Havilah Resources Raise More Cash Easily?

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

How Long Is Prairie Mining's Cash Runway?

How Is Prairie Mining's Cash Burn Changing Over Time?

How Hard Would It Be For Prairie Mining To Raise More Cash For Growth?

Is Prairie Mining's Cash Burn A Worry?

CONNECT WITH US

Tweets

MOST ACTIVE MINING STOCKS

Daily Gainers

Articles

FOUND POSTS

CATL Commits US$4.4 Billion to Expand Mining Business

Mark Morabito’s Intrepid Metals Secures Key Land Position at Corral Copper Project in Arizona

India Expands Access to Critical Minerals With Mining Rule Changes

Glomar and Cobalt Blue Target US Refinery for Seabed Mineral Processing

Ontario Funds 68 Early-Stage Mining Projects Through Exploration Program