DENVER, CO / ACCESSWIRE / July 8, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") will issue a news release providing a summary of its financial and operating results for the second quarter ended June 30, 2021 on Wednesday, July 27, 2021 after the market close, file its 10Q with the financial and operating results for the period ended June 30, 2021 with EDGAR and host a conference call on Thursday, July 28, 2021 at 11:00 a.m. Eastern Time.

The conference call will be recorded and posted to the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Kim Perry, Chief Financial Officer and Alberto Reyes, Chief Operating Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.

To join the conference via webcast, please click on the following link: https://www.webcaster4.com/Webcast/Page/2361/42039.

To join the call via telephone please use one of the following dial-in details:

Participant Toll Free: 877-545-0320
Participant International: 973-528-0016
Entry Code: 758194

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

About GRC:
Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

Contacts:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.GoldResourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
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Vancouver, British Columbia–(Newsfile Corp. – July 7, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC PINK: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report the expansion of the newly discovered URU zone from 4 to 12-kilometres of strike, at CESAR North, within the wholly-owned CESAR copper-silver project in North Eastern Colombia (refer to Figures 1 to 5).

The URU copper-silver zone lies along the southern portion of the 80-kilometre-long CESAR North belt. URU appears to be continuous over 12-kilometres, and open in all directions. Samples from the new URU copper discovery have been shipped to ALS preparation laboratory in Medellin and to Lima for assays.

The initial URU discovery (April 8, 2021 NR) reported sixteen rock chip channel samples returning of over 1% copper extending over a 4-kilometre-long-strike with highlights of 5.7 % copper and 14 g/t silver including:

• 4.3% copper and 8 g/t silver over widths of 10-metres;

• 3.6% copper and 12 g/t silver over widths of 10-metres;

• 3.0% copper and 6 g/t silver over widths of 10-metres.

The URU copper mineralization is hosted in a stockwork within igneous host rock that crosscuts sediment-hosted stratabound mineralization. Observed minerals include chalcocite, native copper, cuprite and copper oxide. The copper mineralization is often associated with the presence of epidote.

"In less than three months the Max field team extended the URU zone to 12-kilometres of strike, which is a testament to their expert field skills. The strike extension remains open in all directions, demonstrating the major-scale potential of URU. We look forward to the new URU copper assay results due late this month," commented Max CEO, Brett Matich.

"Max's in-country team is continuing its field exploration programs through to end of year," he continued.

"CESAR provides Max shareholders significant copper exposure, the key metal for the "green revolution's move to electric vehicles, solar, wind and clean power grid infrastructure. In addition, copper's declining reserve base requires major copper discoveries to replace depleting reserves," he concluded.

Figure 1. New URU copper discovery

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_002full.jpg

New URU copper discovery video

Cannot view this video? Visit:
https://www.youtube.com/watch?v=tDM06fhDu0s

Figure 2. CESAR Copper-Silver Project

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_003full.jpg

Figure 3. CESAR North, URU discoveries and locations

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_004full.jpg

Figure 4. URU Discovery cross-section

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_005full.jpg

Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar Basin to be analogous to both the Central African Copper Belt (CABC) and the Polish Kupferschiefer. Almost 50 percent of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa-Kakula copper deposits in the Congo.

Kupferschiefer, is the world's largest silver producer and Europes largest copper source, mining an orebody 0.5 to 5.5-metres thick at depths of 500m. The silver yield is almost twice the production of the world's second largest silver mine.

Source: Central African Belt Descriptive models, grade-tonnage relations, and databases for the assessment of sediment-hosted copper deposits with emphasis on deposits in the Central Africa Copperbelt, Democratic Republic of the Congo and Zambia by USGS 2010. Kamoa-Kakula by OreWin March 2020. World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper mineralization of the Central African Copper Belt and the Polish Kupferschiefer are not necessarily indicative of similar mineralization at CESAR.

CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW

CESAR, is located along the 200-kilometre-long Cesar Basin in North Eastern Colombia encompassing widespread highly prospective copper-silver mineralization.

This region enjoys major infrastructure resulting from oil & gas and mining operations, including Cerrejon, the largest coal mine in South America, now held by global miner Glencore (refer to Figure 5).

Figure 5. CESAR Project location

To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/3834/89623_15cc28796499a909_006full.jpg

Due to the regional-scale and prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:

Advanced Drill Core Analysis and Modelling: ongoing analysis of historical drill holes and seismic sections integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia ("IGUN") in Medellín (January 7, 2021 NR);

Geochemical and Mineralogical: geochemical and mineralogy studies by the University of Science and Technology ("AGH") of Krakow, Poland. AGH bring their extensive knowledge of KGHM's world renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project;

Geophysical: Fathom Geophysics is interpreting seismic data, funded by the Company in collaboration with one of the world's leading copper producer;

Proprietary Field Exploration & Techniques: Max's in-country exploration teams continue to identify new stratabound copper-silver mineralized zones;

● CESAR North 80-kilomtre-long-copper-silver zone (refer to Figure 2):

– In 2020, Max identified the AMS (previously named AM South) and AMN (previously named AM North) stratabound copper-silver zones, collectively spanning over 45-km², with values of 0.1 to 34.4% copper and 5.0 to 305.0 g/t silver over intervals ranging 0.1 to 25.0-metres;

– The CONEJO zone, discovered March 2021, spanning an area of 3.2-km by 1.6-km and open in all directions. CONEJO returned values above 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR). Highlight assays above 9% copper and 50 g/t silver:

– 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre
– 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre
– 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre
– 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre
– 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre
– 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre
– 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre
– 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre
– 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre
– 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre

– The URU zone, discovered April 2021, extends over 4-kilometres, and open in all directions, located 30-km south of CONEJO. URU demonstates major-size potential; Sixteen rock chip channel samples returned over 1% copper with assay values up to 5.7 % copper and 14.4 g/t silver including URU results include (June 10, 2021 NR):

– 4.3% copper and 8 g/t silver over widths of 10-metres;
– 3.6% copper and 12 g/t silver over widths of 10-metres;
– 3.0% copper and 6 g/t silver over widths of 10-metres;

– April 2021, Max identified the SP target, which lies along the mid portion of the CESAR North 80-km belt in line with the four previous copper discoveries URU, CONEJO, AMN and AMS;

– Exploration continues on CONEJO and the URU zone;

– In addition, Max has initiated the process of mineral claim approvals and drill permiting;

• CESAR West: Max has identified copper porphyry mineralization along a significant target zone.

QUALIFIED PERSON

The Company's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person under the definition of National Instrument 43:101.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is an energy and precious metals exploration company, engaged in advancing both newly discovered global scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold project (100% earn-in) in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both startbound-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.

Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.

For more information visit: https://www.maxresource.com/
For more information visit: www.tsx.com/venture50
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube

For additional information contact:

Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100

*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes".

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

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89623

Highlights:

• The Surebet Zone is highly mineralized at surface with 1000 meters of strike having 500 meters of vertical relief and 1000 meters of inferred down dip extension that remains open in all directions.

• The Surebet Zone has an average true width of 9.84 meters and grade of 10.68 g/t AuEq (7.59 g/t Au), channel highlights include:

  • 13.05 g/t AuEq over 15.1 meters true width

  • 14.11 g/t AuEq over 10.0 meters true width

• First area to be drill tested is the Cliff Zone where a fresh angular float sample assayed 967.99 g/t AuEq (29.72 oz/t Au & 97.19 oz/t Ag).

• ~ 5000 meters of drilling targeting the extensive high-grade gold-silver structure discovery exposed at surface along strike and to depth.

• Surebet Zone 3D Model & Proposed Drill Locations Video (Click Here).

TORONTO, July 07, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report its 2021 maiden diamond drill campaign has commenced at its 100% controlled Golddigger Project. The campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to depth at the Surebet Zone discovery that currently averages 9.84 meters wide grading 10.68 g/t AuEq (7.59 g/t Au). This new discovery also has 500 meters of vertical relief and 1000 meters of inferred down dip extent. The Golddigger Project is in a mining friendly jurisdiction and world class geological setting near Stewart, BC in the Golden Triangle of British Columbia. Both the Homestake Ridge deposit and Dolly Varden Silver mine are close in proximity.

Dr. Quinton Hennigh, technical advisor to Goliath commented: “Goliath's aggressive 5,000 meter diamond drill program will enable a definitive test of the Surebet mineralized zone this season. Holes will be drilled from strategically positioned locations above this robust moderately west-dipping mineralized zone to test shallow areas and to down-dip depths of approximately 500 meters. Interestingly, the likely source of mineralizing fluids is an intrusion situated around 2 kilometers to the west. Therefore, it is conceivable that mineralization may extend beyond the limits of our current planned drill program. We think this year's program will demonstrate we are at the tip of an iceberg.”

Mr. Roger Rosmus, CEO of Goliath stated: “We are extremely pleased that drilling has commenced on our maiden drill campaign at our newly discovered Surebet Zone. This new discovery has significant untapped potential with multiple strong drill targets seen at surface along its 1 km strike length of high-grade gold-silver with significant widths that remains open. The Golddigger property is in the Golden Triangle, a world-class geologic setting where many world-class deposits have been discovered.”

Goliath has planned for a ~ 5000 meter drill targeting the extensive high-grade gold-silver structure discovery exposed at surface at the Surebet Zone both along strike and to depth. It has 1000 meters of strike length, 500 meters of vertical relief and 1000 meters of inferred down dip extent. The drilling will focus on high-grade gold-silver mineralization zone exposed at surface over 1000 meters of strike averaging 9.84 meters wide at 10.68 g/t AuEq (7.59 g/t Au) and remains open (see Company news release dated November 25, 2020).

Golddigger Property

The Golddigger property is 23,859 hectares (59,646 acres) and in a world class geological setting located on tide water 30 kilometers south-east of Stewart BC in the Golden Triangle.

The newly discovered Surebet Zone is located ~8 kilometres S.W. of Fury Gold’s Homestake Ridge property which is a high-grade gold-silver deposit that contains 982,700 oz of gold @ 4.99 g/t Au and 19,600,000 oz of silver @ 97.7 g/t Ag, with drill intercepts of up to 73 meters of 21 grams per tonne gold and 12 grams per tonne silver (source – Fury Gold’s PEA & Website) (Link to Map).

Multiple high-grade polymetallic gold-silver drill targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 gpt gold equivalent (AuEq) and 7.59 grams per tonne gold (gpt Au). The zone also has 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

The Surebet drill targets are contained within a shear zone and will be tested for the first time in the 2021. The high-grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying less than 0.5 g/t AuEq (Link to news November 25, 2020).

The Surebet Zone is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2km of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square km area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

All rock, channel and talus fine samples were crushed and pulverized at MSALABS's laboratory in Terrace, BC. MSALABS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay and metallic screen fire assay in Langley, BC. The pulps were also assayed using multi-element aqua regia digestion at MSALABS's laboratory in Langley, BC. The coarse reject portions of the rock samples, as well as the pulps, were shipped to Goliath Resources Ltd.’s storage facility in Terrace, BC. All samples were analyzed using MSALABS's assay procedure ICP-130, a 1:1:1 aqua regia digestion with inductively-coupled plasma atomic emission spectrometry (ICP-AES) or inductively-coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the FAS-121 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 ppm for silver or 10,000 ppm copper, lead and zinc were additionally assayed using MSALABS's ICA-6xx method particular to each element. This method used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the FAS-425 method which includes a fire-assay fusion procedure with a gravimetric finish. Samples with Au greater than 5 ppm were additionally analyzed using metallic screen fire assay with MSALABS’s MSC-150 or MSC-350 method. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
President and Chief Executive Officer
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

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

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

Proceeds to Support Deeper Drilling on Two Promising Targets Along the 10-KM Tarabala Gold Trend Through Rainy Season

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

TORONTO, July 07, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (“Compass” or the “Company”) announced today that it intends to issue, on a non-brokered private placement basis, up to 15,000,000 common shares of the Company, at a price of $0.20 per share, for aggregate gross proceeds of up to $3.0 million (the “Offering”).

The proceeds of the Offering will be used to further advance the Company’s ongoing exploration efforts at its Sikasso Property in southern Mali (see Compass news releases dated March 1^st, March 16^th May 18^th and July 6, 2021), as well as for general corporate purposes.

Larry Phillips, Compass President and CEO, said, “We are excited to follow up on our discovery of not one but two promising large, shallow gold targets along the Tarabala Trend. Both targets, Massala West and Tarabala, have returned compelling grades and widths that merit deeper drilling. Our team in Mali has made preparations for a new, aggressive exploration program running through the rainy season, including a planned 10,000m of air-core, reverse circulation and diamond core drilling aimed to confirm whether the mineralization at these targets has sufficient size and grade continuity to warrant resource definition drilling.”

Certain insiders of the Company may participate in the Offering. Further, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation, the Company may pay a finder’s fee to certain registered dealers in connection with the Offering comprised of: (i) a cash fee equal to 6.0% of the gross proceeds received from the sale of common shares sold to purchasers introduced to the Company by the finder, and (ii) warrants exercisable for a period of two years following the closing of the Offering to acquire that number of common shares of the Company, at a purchase price of $0.20 per share, equal to 6% of the number of common shares sold to purchasers introduced to the Company by the finder.

All the shares issuable pursuant to the Offering will be subject to a hold period expiring four months and one day after the date of issuance.

The securities offered pursuant to the Offering have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.

It is anticipated that the closing of the Offering will occur on or prior to July 31. Closing of this Offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Participation by insiders in the Offering will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in Sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101.

About Compass Gold Corp.

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 867 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”

Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the completion of the Offering and the Company’s proposed use of proceeds and planned exploration work. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

For further information please contact:

Website: www.compassgoldcorp.com

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

TORONTO, July 7, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the voting results of the Annual and Special Meeting of Shareholders of the Corporation that was held on July 6, 2021 (the "Meeting").

Election of Directors

Each of the nominees for election as directors listed in the Corporation's management information circular dated May 27, 2021 (the "Circular") were elected as directors of the Corporation for the ensuing year or until their successors are elected or appointed.

Other Items of Business Considered at the Meeting

Each of the following resolutions voted on at the Meeting were also passed:

• The reappointment of RSM LLP as auditors of the Corporation for the ensuing year and the authorization of the directors of the Corporation to fix their remuneration and the terms of their engagement.

• The approval and ratification of the renewal of the Corporation's rolling stock option plan.

For further details regarding the matters considered at the Meeting, please refer to the Circular, which can be found under the Corporation's profile on SEDAR at www.sedar.com.

About LAURION

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

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

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/July2021/07/c2663.html

VANCOUVER, BC, July 6, 2021 /CNW/ – Trading resumes in:

Company: Arctic Star Exploration Corp.

TSX-Venture Symbol: ADD

All Issues: Yes

Resumption (ET): 9:45 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/July2021/06/c6751.html

Drilling Program Continues on Tarabala Trend

Figure 1:

Property map showing the location of Old Sam and Dialéké.

TORONTO, July 06, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) reports the results of the recently completed drilling at the Old Sam and Dialéké prospects, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights

• Drilling at Old Sam identifies a wide zone of shallow gold mineralization, associated with the Samagouela shear zone and pronounced shallow gold in soil anomalies

  • Highest-grade drill interval: 2 m @ 1.06 g/t Au (from 21 m)

  • Widest interval: 4 m @ 0.76 g/t Au (from 13 m)

• Drilling at the Dialéké artisanal workings intercepted several narrow gold intercepts, including 1 m @ 10.27 g/t Au

• Soil anomalism (up to 1.03 g/t Au) has been identified on a structure parallel to the Tarabala Fault

• Initial phase of a 10,000 m infill drilling program at Massala West is progressing well

Compass CEO, Larry Phillips, said, “Our recent reports have focused on the exciting Tarabala trend and the three large mineralized zones where a deeper drilling program is ready to commence. At the same time, our team continues to evaluate our extensive ground package through a systematic, aggressive shallow drill program, discovering additional targets for our exploration pipeline.

The first drilling results at the Old Sam target, 40 km south of Tarabala, are highly encouraging. Initial drilling has discovered a shallow zone of low-grade gold along a 2 km strike from the Samagouela artisanal workings. A follow-up drilling program is being planned in order to identify wider, higher grade zones of mineralization at this important new target.

To the north along the Farabakoura Trend, the first shallow drilling at the Dialéké target has also intercepted gold mineralization, including some very high-grade narrow intercepts up to 10.27 g/t Au, which will be also be the subject of further work.

Meanwhile, our team is preparing to start our previously announced 10,000 m infill and deeper drilling program over a 5.4 km zone on the highly prospective Tarabala Trend at the Tarabala, Massala West and Massala Extension prospects. Drilling will proceed through the rainy season, and we expect to see the initial results towards the end of July.

Old Sam Drilling Results

Eighteen shallow air core (AC) holes (889 m) were drilled on three targets at Old Sam (Figure 1) to test artisanal workings or gold in soil anomalism associated with potential mineralized structures along the Samagouela Trend. Two six-hole NW-trending fences and one N-S-trending fence were drilled on structures associated highly anomalous shallow soil samples (up to 0.29 g/t Au at the workings, and 0.75 and 9.82 g/t Au on the other areas). Geological mapping and interpretation of Gradient Induced Polarization (IP) geophysics identified several strong northeast-trending faults on each fence that were coincident with the soil anomalism.

The most notable mineralized intercepts were recorded from the historic workings (Table 1) in hole KOAC090. Over an interval of 21 m, three elevated zones of mineralization were identified, the widest of which was 6 m @ 0.59 g/t Au (from 28 m), containing 2 m @ 1.06 g/t (from 30 m). Follow-up work is recommended on this gold-bearing structure to determine whether wider zones of mineralization are present along strike, or down dip. No mineralized intercepts greater than 0.20 g/t Au were measured in the other two fences, despite the much higher shallow soil gold anomalism.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c64f5eb-0de6-44ab-93b1-7e94642935fb

Table 1. Mineralized intervals greater than 0.2 g/t Au identified during recent drilling at Old Sam and Dialéké prospects.

¹True thicknesses are interpreted as 60-90% of stated intervals.
² Intervals use a 0.2-gram-per-tonne gold cut-off value

Dialéké Drilling Results

Twenty-four (28) shallow AC holes (1,412 m) were drilled on three NE-orientated fences at Dialéké (Figure 1) to test a 350 m by 130 m area of surface gold excavations and shallow soil gold anomalism adjacent to the Siekorole fault. Only one fence was drilled directly over the workings (OUAC074-085), and it was this fence that contained the highest gold concentrations (1 m @ 10.27 g/t Au; OUAC082) and widest intervals (3 m @ 2.06 g/t Au; OUAC081) (Table 1) The fence to the south of the workings contained only trace amounts of gold, whereas the short fence 200 m to the north (OUAC086-089), drilled to test gold anomalism in shallow soil samples, was barren. The target remains open at depth and along strike, and might be revisited at a later date.

Technical Details

All AC holes from Dialéké reported here were drilled on an azimuth of 045° (towards the northeast), at dips of 55°. AC holes from Old Sam were drilled on an azimuth of 315° (towards the NW) or 000° (towards the north). Hole lengths at both prospects varied from 39 to 54 m. The drill fences were designed to test structures interpreted from Gradient IP surveying, and potential mineralized trends identified by Compass’s earlier fieldwork. Drilling was performed by Etasi and Co. Drilling (Mali). All samples were prepared by Compass staff and an appropriate number of standards, duplicates and blanks were submitted and analysed for gold at SGS (Bamako, Mali) by fire assay.

Next Steps: Tarabala Trend

A 55-AC-hole drilling program (totalling 3,300 m) is currently underway at Compass’s Massala West prospect and is progressing well. Upon completion of this work, a deeper 5,000 m reverse circulation (RC) drilling program will take place at Massala West and 2 km to the south at Tarabala. The purpose of this drilling is to determine the strike and depth extension of previously identified gold mineralization over 4.5 km following the Tarabala fault.

Based on recently identified anomalous soil samples (up to 1.05 g/t Au) 750 m to the west of the Tarabala fault, additional ground geophysics will be performed to help define future drilling targets.

About Compass Gold Corp.

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 867 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”

QAQC

All AC samples were collected following industry best practices, and an appropriate number and type of certified reference materials (standards), blanks and duplicates were inserted to ensure an effective QAQC program was carried out. The 1 m interval samples were prepared and analyzed at SGS SARL (Bamako, Mali) by fire assay technique FAE505. All standard and blank results were reviewed to ensure no failures were detected.

Qualified Person

This news release has been reviewed and approved by EurGeol. Dr. Sandy Archibald, P.Geo, Compass’s Technical Director, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.

Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the Company’s planned exploration work and management appointments. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

For further information please contact:

Website: www.compassgoldcorp.com

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

ENDEAVOUR ANNOUNCES BLOCK LISTING OF AWARD SHARES ON THE LSE

London, 6 July 2021 – Endeavour Mining plc (LSE: EDV) (“the Company”) announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for 400,000 ordinary shares of US$0.01 each (the "New Shares") to be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange.

Subject to approval by the Financial Conduct Authority and the London Stock Exchange, the New Shares are expected to be admitted on 7 July 2021.

The New Shares are being reserved under a block listing and may be issued in the future as a result of the award of ordinary shares of US$0.01 each (the “Shares”) pursuant to certain of the Company's share incentive plans which may be exercised from time to time.

The block listing is in respect of the following Company performance share plans:

• Executive Performance Share Plan;

• Executive Performance Share Unit Plan (Non-UK Participants); and

• Employee Performance Share Unit Plan.

When issued, these New Shares will rank pari passu with existing Shares.

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING PLC

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

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

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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

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

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

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

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

Attachment

• Additional Listing Endeavour Mining

VANCOUVER, BC, July 6, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Arctic Star Exploration Corp.

TSX-Venture Symbol: ADD

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:26 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/July2021/06/c6115.html

Vancouver, British Columbia–(Newsfile Corp. – July 5, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce an exploration program for the Thundercloud Property in northwestern Ontario. The program includes up to 5000-meters of drilling. Drilling will initially focus on the Pelham Zone where a historic resource was established based on a 3D resource model by Fladgate Exploration Consulting ("Fladgate") in 2011. Drill targets are designed to enlarge and enhance the mineralized zone. Trenching and a drone-supported airborne magnetic survey will be conducted in and outside the Pelham and West Contact exploration areas to locate new drill targets.

The first phase of drilling in the Pelham Zone is aimed at expanding and confirming the historic resource by testing the interpreted down dip and down plunge extensions of the known mineralization occurring in an altered gabbro. Initially, up to a 2000-meter drill program is planned. New drill data generated should allow the Company to evaluate the existing resource model and design additional drill holes to test mineralization at depth and down plunge in a second phase of drilling which is expected to be about 1500-meters.

The field program will begin with a detailed, high resolution, drone-supported airborne magnetic survey over the Pelham and West Contact areas. The new magnetic survey will improve historical geophysical surveys that were conducted along relatively widely spaced survey lines in part sub parallel to known mineralized structures. The new survey will involve closely spaced flight lines (50 meter-spacing) nearly perpendicular to the known structures and to provide much better resolution of the relationship of the magnetic signature to known mineralization. New airborne magnetic survey data together with new trenching data should generate new drill targets in the West Contact Zone. It may also give greater confidence to drill targets in the Pelham Zone. This survey is expected to be completed within a week of startup.

In July, the Company will mobilize equipment to start trenching in two new target areas on the West Contact Zone where previous trench samples in the area returned average grade of 5.84 g/t over 69 meters (8.02 g/t over 39 meters, and 3 g/t over 30 meters). Previous work generated positive geochemical results including anomalous gold values in rock and soil samples. The area also contains positive historical IP survey anomalies that warrant drilling. Trenching will provide additional data for structural trends and will assist in determining drill hole orientation in a follow-up drill program. Up to 1500 meters of drilling is expected for the West Contact Zone following trenching and airborne survey data evaluation.

Across the property, there are a large number of widely spaced soil samples with elevated anomalous gold values taken in a MMI soil sampling program in 2011. A comprehensive sampling program is being planned to follow up these anomalies with a 25-meter spacing soil sampling program around each site, time permitting.

This press release was reviewed by Andrew Tims, a Qualified Person under the definition of National Instrument 43-101.

About Thundercloud Property

The Thundercloud Property is located in the central Wabigoon Greenstone Belt in Western Ontario, 47 kilometers southwest of Dryden. The geological setting is comparable to the Abitibi Greenstone Belt in Eastern Ontario but the Thundercloud Property is much less explored. The Wabigoon Greenstone Belt contains numerous gold showings, several deposits and high grade historic past producers. Regionally, exploration results indicate excellent potential to define bulk-tonnage orogenic gold mineralization, as close to 30 million ounces of gold has been discovered in recent years, including several large-scale mining operations nearby.

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 a 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/89418

Investors focused on the Basic Materials space have likely heard of Impala Platinum Holdings (IMPUY), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Impala Platinum Holdings is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IMPUY is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for IMPUY's full-year earnings has moved 6.32% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, IMPUY has gained about 22.82% so far this year. At the same time, Basic Materials stocks have gained an average of 19.54%. As we can see, Impala Platinum Holdings is performing better than its sector in the calendar year.

Looking more specifically, IMPUY belongs to the Mining – Miscellaneous industry, a group that includes 47 individual stocks and currently sits at #106 in the Zacks Industry Rank. Stocks in this group have gained about 31.07% so far this year, so IMPUY is slightly underperforming its industry this group in terms of year-to-date returns.

IMPUY will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.

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
 
Impala Platinum Holdings Ltd. (IMPUY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Statistically speaking, long term investing is a profitable endeavour. But unfortunately, some companies simply don't succeed. Zooming in on an example, the Fresnillo plc (LON:FRES) share price dropped 62% in the last half decade. That's not a lot of fun for true believers. Unfortunately the share price momentum is still quite negative, with prices down 14% in thirty days.

See our latest analysis for Fresnillo

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

While the share price declined over five years, Fresnillo actually managed to increase EPS by an average of 40% per year. Given the share price reaction, one might suspect that EPS is not a good guide to the business performance during the period (perhaps due to a one-off loss or gain). Or possibly, the market was previously very optimistic, so the stock has disappointed, despite improving EPS.

Due to the lack of correlation between the EPS growth and the falling share price, it's worth taking a look at other metrics to try to understand the share price movement.

In contrast to the share price, revenue has actually increased by 6.8% a year in the five year period. So it seems one might have to take closer look at the fundamentals to understand why the share price languishes. After all, there may be an opportunity.

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

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. If you are thinking of buying or selling Fresnillo stock, you should check out this free report showing analyst profit forecasts.

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. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Fresnillo the TSR over the last 5 years was -58%, 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

Fresnillo shareholders are down 5.1% for the year (even including dividends), but the market itself is up 25%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. However, the loss over the last year isn't as bad as the 10% per annum loss investors have suffered over the last half decade. We'd need to see some sustained improvements in the key metrics before we could muster much enthusiasm. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Fresnillo that you should be aware of.

Of course Fresnillo may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

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

TORONTO, June 30, 2021–(BUSINESS WIRE)–Rupert Resources Ltd ("the Company") (TSX-V: RUP; FSE: R05) announces the issue of options to acquire shares in the Company ("options") in accordance with the Company’s Stock Option Plan dated August 27, 2020 (the "plan").

The Company granted a total of 709,000 options to certain directors, officers, employees and consultants of the Company. The options were granted on June 30, 2021 with an exercise price of $5.00 per share. The options are exercisable for a five-year period from the date of grant, with 1/3^rd of the options vesting after 12 months, 1/3^rd after 24 months and the remainder after 36 months.

Following the award of the options, there are 11,015,000 options outstanding under the plan, representing 6.3% of the issued and outstanding shares of the Company.

About Rupert
Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "RUP". The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland ("Pahtavaara"). Pahtavaara previously produced over 420koz of gold and 474koz remains in an Inferred mineral resource (4.6 Mt at a grade of 3.2 g/t Au at a 1.5 g/t Au cut-off grade, see the technical report entitled "NI 43-101 Technical Report: Pahtavaara Project, Finland" with an effective date of April 16, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd., an independent qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects). The Company also holds a 100% interest in the Surf Inlet Property in British Columbia, a 100% interest in properties in Central Finland and a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario.

Rupert Resources Ltd
82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1
Tel: +1 416-304-9004

Web: http://rupertresources.com/

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

Cautionary Note Regarding Forward Looking Statements
This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 28, 2021 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005873/en/

Contacts

James Withall
Chief Executive Officer
jwithall@rupertresources.com

Thomas Credland
Head of Corporate Development & Investor Relations
tcredland@rupertresources.com

Vancouver, British Columbia–(Newsfile Corp. – June 28, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce that it has obtained a loan of Four Hundred Thousand Dollars ($400,000) from an arm's length third party. The loan is secured by a general security agreement and, in certain circumstances and subject to regulatory approval, is convertible to shares of the Company at a price of $0.05 per share at the option of either party. The proceeds will be used for general working capital and have, in part, been used today to repurchase the net profits royalty previously encumbering a portion of the Company's Ladner Creek Project.

About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (Project). The Project is located near Hope, BC in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine and Pipestem Mine, and numerous gold prospects.

For additional information, please visit the Company's website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"

President

Toll Free: 1(855) 891-9185
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com

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.

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 the accuracy of this press release.

Caution concerning forward-looking information

This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88973

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Gold Resource Corporation (NYSE:GORO).

Gold Resource Corporation (NYSE:GORO) shareholders have witnessed a decrease in hedge fund sentiment of late. Gold Resource Corporation (NYSE:GORO) was in 6 hedge funds' portfolios at the end of March. The all time high for this statistic is 10. There were 7 hedge funds in our database with GORO positions at the end of the fourth quarter. Our calculations also showed that GORO isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). We have been able to outperform the passive index funds by tracking the moves of corporate insiders and hedge funds, and we believe small investors can benefit a lot from reading hedge fund investor letters and 13F filings.

David Nierenberg of Nierenberg Investment

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund owns nearly 40% of this $24 biotech stock and is trying to buy the rest for around $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind let's analyze the new hedge fund action encompassing Gold Resource Corporation (NYSE:GORO).

Do Hedge Funds Think GORO Is A Good Stock To Buy Now?

At Q1's end, a total of 6 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -14% from the fourth quarter of 2020. The graph below displays the number of hedge funds with bullish position in GORO over the last 23 quarters. With hedgies' capital changing hands, there exists a select group of key hedge fund managers who were adding to their stakes substantially (or already accumulated large positions).

More specifically, AQR Capital Management was the largest shareholder of Gold Resource Corporation (NYSE:GORO), with a stake worth $0.8 million reported as of the end of March. Trailing AQR Capital Management was Two Sigma Advisors, which amassed a stake valued at $0.4 million. Engineers Gate Manager, Citadel Investment Group, and Citadel Investment Group were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Nierenberg Investment Management allocated the biggest weight to Gold Resource Corporation (NYSE:GORO), around 0.03% of its 13F portfolio. Engineers Gate Manager is also relatively very bullish on the stock, designating 0.02 percent of its 13F equity portfolio to GORO.

Due to the fact that Gold Resource Corporation (NYSE:GORO) has experienced falling interest from the aggregate hedge fund industry, we can see that there lies a certain "tier" of hedge funds who sold off their full holdings in the first quarter. It's worth mentioning that Paul Marshall and Ian Wace's Marshall Wace LLP cut the biggest position of all the hedgies followed by Insider Monkey, totaling close to $0.4 million in stock, and David Harding's Winton Capital Management was right behind this move, as the fund sold off about $0.3 million worth. These moves are interesting, as total hedge fund interest was cut by 1 funds in the first quarter.

Let's now review hedge fund activity in other stocks similar to Gold Resource Corporation (NYSE:GORO). These stocks are Jowell Global Ltd. (NASDAQ:JWEL), Community Bankers Trust Corp. (NASDAQ:ESXB), Gencor Industries, Inc. (NASDAQ:GENC), Chemung Financial Corp. (NASDAQ:CHMG), Quad/Graphics, Inc. (NYSE:QUAD), OptiNose, Inc. (NASDAQ:OPTN), and Comstock Mining, Inc. (NYSE:LODE). This group of stocks' market valuations resemble GORO's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position JWEL,1,279,1 ESXB,6,19789,1 GENC,2,26276,-1 CHMG,3,8868,0 QUAD,10,9438,2 OPTN,10,6714,0 LODE,4,1097,0 Average,5.1,10352,0.4 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 5.1 hedge funds with bullish positions and the average amount invested in these stocks was $10 million. That figure was $2 million in GORO's case. Quad/Graphics, Inc. (NYSE:QUAD) is the most popular stock in this table. On the other hand Jowell Global Ltd. (NASDAQ:JWEL) is the least popular one with only 1 bullish hedge fund positions. Gold Resource Corporation (NYSE:GORO) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for GORO is 49.8. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 19.3% in 2021 through June 25th and beat the market again by 4.8 percentage points. Unfortunately GORO wasn't nearly as popular as these 5 stocks and hedge funds that were betting on GORO were disappointed as the stock returned -2.6% since the end of March (through 6/25) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as many of these stocks already outperformed the market since 2019.

Get real-time email alerts: Follow Gold Resource Corp (NYSEMKT:GORO)

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Disclosure: None. This article was originally published at Insider Monkey.

VANCOUVER, BC, June 29, 2021 /CNW/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), along with its technological partner in the United States ("US Lab"¹), are pleased to announce that South Star has successfully produced uncoated and coated spherical purified graphite ("SPG") suitable for use as anode active material for lithium-ion batteries ("LiB").

"We are pleased to continue announcing robust battery testing results," commented Richard Pearce, President and CEO of South Star. "The thermal purification process resulted in 99.9993 wt % C without any of the environmental, health and worker safety issues associated with application of hydrofluoric and hydrochloric acids, which are the standard chemicals used in conventional processing of battery grade graphite. Excellent quality uncoated and coated SPG suitable for LiB anodes was produced. Our spherical graphite testing resulted in yields of approximately 74%, which is twice the standard industry yield. The results indicate we would be very cost competitive with a less costly micronization process and exceptional spherical graphite yields. The latest testing highlights the high-quality, high-purity and low-contaminate nature of South Star's concentrates for value-add and purified graphite products. We will now be constructing battery cells and performing long-term cycle testing and optimizations."

Micronization Test Results

Purified graphite was successfully micronized using advanced pilot scale mechanical milling system outfitted with two air classification circuits. The latter technology was found to be preferable over micronization in cascading air jet mills. Specifically, Santa Cruz flake has demonstrated nearly twice higher throughput rate during the mechanical grinding and sizing, as compared to sizing rate in an air-mill of the same nominal size. During sizing step, the size of flakes was reduced to a range of 25 to 30 microns prior to spheroidization. Geometries and shape factors are adjusted based on the battery cell manufacturer's requirements and the inherent physical characteristics of the graphite.

Mechanical milling was effective in sizing of its flake and resulted in higher throughput, which translates into lower cost for the same energy input. It should be noted that a reference sample of flake graphite from Madagascar was milled on the same mill concurrently. Santa Cruz flake material ground at 23% faster than the reference material processed on the same mill to similar particle size distribution.

Figure 1: Scanning Electron Microscopy Image of Micronized South Star Flake

Uncoated SPG Test Results

Once the target sizing geometries have been achieved, uncoated SPG was produced, the micronized graphite was rolled and rounded into elliptical spheres in a specialized mill. The elliptical shapes are a preferred morphology for higher active loading densities in batteries. They are also preferred due to better rate capacities, safer and generally longer-life LiBs.

The safety aspect of LiBs deserves a standalone comment. Passing criteria for spherical uncoated graphite is defined by the BET (Brunauer, Emmett and Teller) surface area value. The latter has to be less than 10 m²/g for graphite to be considered promising in anode applications. Many uncoated graphites struggle to deliver such a BET surface area and that requires the application of thick exterior coatings as a way to mitigate this issue. By contrast, Santa Cruz spheroidal flake was determined to have BET values of 6.7 m²/g, which is indicative of the fact that this material will require rather thin surface coatings to make a successful anode for LiBs. Moreover, as much as 47.11 wt % of spheronized Santa Cruz graphite was measured to have tap density in the range from 1.02 to 1.16 g/cm³. An additional 26.9 wt % of spheroidal particles was harvested with the tap density of 0.9 g/cm3, which is a passing criterion for LiBs. Therefore, a combined total of 74.01 wt% of useable uncoated spheroidal purified graphite was harvested in the process of spheroidization of Santa Cruz natural flake. In contrast, typical yields of spheroidal product synthesized in the cascade milling circuits by Asian manufacturers of spherical graphite are 35-40 wt % spheres. It is worth noting that higher yield is a prerequisite to the cost leadership position of Santa Cruz natural graphite on the worldwide markets of advanced graphite products.

Figure 2: Scanning Electron Micrograph of Spherical Graphite (Intermediate Product)

Coated SPG Test Results

Finally, uncoated SPG was coated with a nanolayer of soft carbon and heat treated under a blanket of inert gas. The hardened coating provides a layer of protection from exfoliation and general degradation during the normal expansion and contraction cycles associated with charging and discharging. The coating also reduces ongoing reactions of electrolytes with the graphitic carbon, which results in a reduced battery life. Coated SPG is the basic raw material used to generate battery anodes by casting the coated SPG onto copper foils.

For this round of testing a D50 of 18 microns of purified graphite was produced. Future testing will include optimization of particle size and determining the electrochemical performance of Santa Cruz graphite in the battery cell environment. The results of the Coated SPG testing indicate excellent physiochemical properties for high-quality LiB anode materials. A summary is presented in Table 1 and Figures 2 and 3, below:

Table 1: Coated SPG Summary Characteristics (D50 = 18 microns)

Figure 3: Coated SPG (D50 = 18 microns) Particle Size Distribution

Figure 4: Scanning Electron Micrographs of Coated SPG

Figure 4: Scanning Electron Micrographs of Coated SPG

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is Canadian Graphite developer focused on the selective acquisition and development of near-term production graphite projects in Brazil. South Star's Santa Cruz Graphite Project, located in Southern Bahia, and is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship.

To learn more, please visit the Company website at www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/

CAUTIONARY STATEMENT

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 press release.

This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. 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. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

View original content to download multimedia:https://www.prnewswire.com/news-releases/south-star-battery-metals-announces-positive-production-of-battery-grade-coated-spherical-purified-graphite-301321927.html

SOURCE South Star Mining Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/29/c4701.html

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Triton Minerals (ASX:TON) shareholders be worried about its cash burn? For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Triton Minerals

Does Triton Minerals Have A Long 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. Triton Minerals has such a small amount of debt that we'll set it aside, and focus on the AU$2.3m in cash it held at December 2020. In the last year, its cash burn was AU$2.6m. That means it had a cash runway of around 11 months as of December 2020. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. The image below shows how its cash balance has been changing over the last few years.

How Is Triton Minerals' Cash Burn Changing Over Time?

Triton Minerals didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. As it happens, the company's cash burn reduced by 9.8% over the last year, which suggests that management may be mindful of the risks of their depleting cash reserves. Admittedly, we're a bit cautious of Triton Minerals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For Triton Minerals 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 Triton Minerals to raise more cash in the future. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$37m, Triton Minerals' AU$2.6m in cash burn equates to about 7.0% of its 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.

So, Should We Worry About Triton Minerals' Cash Burn?

Even though its cash runway makes us a little nervous, we are compelled to mention that we thought Triton Minerals' cash burn relative to its market cap was relatively promising. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. Its important for readers to be cognizant of the risks that can affect the company's operations, and we've picked out 3 warning signs for Triton Minerals that investors should know when investing in the stock.

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

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

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

VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of April 28, 2021 regarding the Default Notice received from Pala Investments Ltd (“Pala”) and the subsequent Standstill Agreement entered into with Pala.

The Company announces that it has today entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the standstill period until September 30, 2021.

Furthermore, Melior has also today entered into a further amended demand promissory note (the “Amended Promissory Note”) with Pala extending the maturity of the loan from June 30, 2021 to September 30, 2021. All other terms of the Amended Promissory Note remain unchanged.

MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
info@meliorresources.com

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

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

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

One company to watch right now is ANGLO AMER ADR (NGLOY). NGLOY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 6.24, while its industry has an average P/E of 7.48. Over the past year, NGLOY's Forward P/E has been as high as 12.90 and as low as 5.75, with a median of 8.42.

We should also highlight that NGLOY has a P/B ratio of 1.70. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.22. Over the past 12 months, NGLOY's P/B has been as high as 2.04 and as low as 1.03, with a median of 1.49.

These figures are just a handful of the metrics value investors tend to look at, but they help show that ANGLO AMER ADR is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, NGLOY feels like a great value stock at the moment.

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To read this article on Zacks.com click here.

Extensive thickness (168m) of Sullivan Horizon fragmentals intersected with 7.6m of Sullivan muds containing disseminated zinc

TORONTO, ON / ACCESSWIRE / June 28, 2021 / PJX Resources Inc. ("PJX") (TSX VENTURE:PJX.V) is pleased to announce that drilling by DLP Resources ("DLP") on PJX's DD Property has intersected the most extensive thickness of the favourable geological horizon to host a Sullivan type deposit to date on the DD Property.

John Keating, President of PJX commented: "The extensive package of Sullivan-type fragmentals and Sullivan muds with significant finely disseminated zinc mineralization encountered in the recent hole DD21-02 support that drilling is heading in the right direction. We are pleased that results are encouraging and DLP plans to continue drilling to the northeast on PJX's DD Property and the jointly (PJX-DLP) owned and optioned Moby Dick and NZOU Properties, respectively. PJX's summer program is focused on gold exploration on PJX's 100% owned Gold Shear and other properties. More information about these programmes and gold targets with copper potential will be announced this summer."

Technical Information

Hole DD21-02 on PJX's DD property, 40km SW of Cranbrook, BC, has been completed to a depth of 1901.6m (Figures 1, 2, 3 and 4). Extensive thickness (168m) of fragmentals, part of the Sullivan Horizon, were intersected from 1705m with abundant pyrrhotite with hydrothermal alteration of secondary biotite and sericite + chlorite visible throughout. Finely laminated Sullivan horizon siltstone/argillite was intersected at the base of the fragmentals from 1861.24m to top of Lower Aldridge banded siltstones at 1873.31m. A 7.6m interval of the Sullivan siltstones/argillites with fine grained disseminated sphalerite (Zn,Fe)S and wispy bands of pyrrhotite was observed from 1861.24m to 1873.31m. Within this section there was a 2.92m interval with 0.16% Zn and 0.06% Pb from 1861.26m to 1864.18m. The highest values in this interval were 0.27% Zn, 0.11% Pb and 2.5ppm Ag (see Summary Table below).

Summary Table of Results for DD21-02

It is important to highlight that the 168m thickness of fragmentals and Sullivan muds with zinc mineralization at the base confirms that the vector towards the vent and possibly massive zinc mineralization is further to the NE. DD18-01-Ext drilled 1.3km SW of this hole intersected 126m of Sullivan Horizon sediments with no fragmentals and only trace zinc mineralization. It appears that the:

• increased thickness of the Sullivan Horizon towards the NE in DD21-02;

• confirmed NE-SW structural controls;

• increasing amounts of zinc mineralization;

• support of the MT (magnetotelluric) geophysical data indicating pyrrhotite as a possible source of the conductor in the 5000m x 500m trend (Figures 2 and 3), plus;

• the fact the historic drill hole IR07-01 drilled 2300m to the east, intersected ~149m of moderately to highly hydrothermally altered Sullivan sediments at 1365m with up to 0.5% Zn and up to 0.3% Pb,

favour ongoing targeting of drill holes within the 5km x 0.5km trend previously highlighted in press release of December 03, 2020.

These highly conductive anomalies, seen in the MT data, are possibly related to pyrrhotite (iron sulphide) which we know is a key indicator for targeting Sullivan-type Zn-Pb-Ag mineralization. When we look at the footprint of the Sullivan deposit, it is clear we have a sizeable target area to host a significant mineralized system on the DD-Moby Dick and NZOU properties (Figure 4).

As mentioned in News Release December 3, 2020, drilling of PAN18-01-EX and relogging of historic holes Irish 05-01 and IR 07-01 still strongly supports the idea that the main conductive body of possible Sullivan-type Zn-Pb-Ag mineralization is between Pan 18-01-Ex, IR 07-01 and the Irish05-01 drill holes (Figures 1, 3 and 4).

DLP plans to drill the next three targets along this trend later this year.

Figure 1: Location of drill holes Pan-18-01-EX, DD21-01 and DD21-02 and other historic holes.

Figure 2:Titan MT resistivity section along Line 2N showing drill hole DD21-02

Figure 3:Titan MT resistivity plan at 0m elevation with DD21-02 on the main MT anomaly trend

Figure 4:Simplified plan showingMT anomalies at 0m elevation on the DD-Moby Dick and NZOU Properties and DD21-01 and DD21-02 drill holes

The geological disclosure and content of this news release has been reviewed and approved by Dave Pighin, P.Geo., and John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Pighin is the consulting geologist for PJX and DLP on the DD Property. Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

QA/QC

All core samples (NQ diameter) were cut with a diamond saw. One-half of the core was placed in numbered and sealed bags and sent via secure transport to MSA Laboratory in Langley, BC for sample preparation and analyses. Core samples were crushed down to 2 mm and a 250g split was pulverized to better than 85% passing 75µm. Gold analyses were conducted on 30g representative sample cuts using fire assay with an atomic absorption finish. Other sample cuts were subjected to a 4-acid digestion and analyzed for silver and an additional 47 elements using inductively coupled plasma mass spectrometry (ICP-MS). MSALabs is an ISO 9001 registered laboratory and has a quality control program in place which includes the insertion of standard, blank, and duplicate samples, as well as conducting repeat analyses.

DLP's QA/QC program includes the insertion of standards and blank material into the sample sequence with the normal core samples to monitor sampling variances, laboratory precision and accuracy.

DD, NZOU and Moby Dick Property Ownership

DLP can earn a 50% interest in the DD Property by spending $4 million in exploration expenditures on the DD, Moby Dick and NZOU Properties and paying $250,000 cash to PJX by July 13, 2024.

DLP can earn an additional 25% interest, to a total of 75% interest, in the DD Property by completing a Commercial Feasibility Study on the 3 properties by July 13, 2028.

PJX (50%) and DLP (50%) jointly own 100% of the mineral rights to the Moby Dick Property and jointly have the right to own 100% interest in the NZOU Property through an option agreement between DLP and the NZOU Property owner. Exploration expenditures incurred by DLP on these two properties will be applied toward DLP's exploration expenditure requirements to earn an interest in the DD Property.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold and base metals. PJX's gold properties (Gold Shear, Eddy, Zinger, Dewdney Trail) and base metal properties (Vine, DD, West Basin, Parker Copper) are located in the historical Sullivan mining district and Vulcan Gold Belt of Cranbrook and Kimberley, British Columbia. Please refer to our web site http://www.pjxresources.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com

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

Forward-Looking Information

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you can identify forward-looking statements by terminology such as "may", "appears to", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.

Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE: PJX Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/653163/PJX-Resources-Announces-Drilling-Results-on-the-DD-Property

Every investor in Resolute Mining Limited (ASX:RSG) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.

Resolute Mining is a smaller company with a market capitalization of AU$569m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Resolute Mining.

Check out our latest analysis for Resolute Mining

What Does The Institutional Ownership Tell Us About Resolute Mining?

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

Resolute Mining already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Resolute Mining's historic earnings and revenue below, but keep in mind there's always more to the story.

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Resolute Mining. Looking at our data, we can see that the largest shareholder is ICM Limited with 10% of shares outstanding. Van Eck Associates Corporation is the second largest shareholder owning 9.7% of common stock, and L1 Capital Pty. Limited holds about 6.4% of the company stock.

We did some more digging and found that 9 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of Resolute Mining

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

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

Our data suggests that insiders own under 1% of Resolute Mining Limited in their own names. But they may have an indirect interest through a corporate structure that we haven't picked up on. It has a market capitalization of just AU$569m, and the board has only AU$5.6m worth of shares in their own names. Many tend to prefer to see a board with bigger shareholdings. A good next step might be to take a look at this free summary of insider buying and selling.

General Public Ownership

With a 21% ownership, the general public have some degree of sway over Resolute Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example – Resolute Mining has 1 warning sign we think you should be aware of.

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

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

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

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

TORONTO, June 25, 2021–(BUSINESS WIRE)–Rupert Resources Ltd ("Rupert" or the "Company") announces that it has published its audited financial results for the twelve months ending February 28, 2021 and accompanying Managements Discussion and Analysis for the same period.

Both of the above have been posted on the Company’s website www.rupertresources.com and on Sedar at www.sedar.com.

During the 12 months ending February 28, 2021, the Company spent $14,637,057 (12 months ended February 29, 2020 – $9,571,101) on its exploration projects. As of February 28, 2021, Rupert held cash or cash equivalents of $21,724,305. The Company recorded a net loss and comprehensive loss for the year of $(7,343,327) (12 months ended February 29, 2020 – $(5,159,127)) and a net loss per share of $(0.05) (12 months ended February 29, 2020 – $(0.04)).

James Withall, Chief Executive Officer of Rupert Resources said, "Following the closing of the $48.7million financings earlier in June, Rupert’s work programmes are now fully funded for at least the next two years. Further funding beyond the forecast budget is anticipated from in-the-money options and warrants. We now have full visibility on our cash position and capital structure as we continue to derisk the Ikkari discovery whilst continuing our program to find deposits of scale in Northern Finland."

Operating Highlights

Discussion of Operations

During 2020/21 and up to the date of this document, Rupert’s operational activities have been entirely focussed on Pahtavaara and Hirsikangas, with the key focus being on Pahtavaara.

Pahtavaara, Northern Finland

Pahtavaara is comprised of a package of mining licences, exploration licences, claims and reservations for exploration totalling an area of 509 km² and held by wholly owned subsidiaries of the Company and including the mine at Pahtavaara (the "Pahtavaara Mine").

The work program at Pahtavaara is designed to identify and evaluate the mineral potential contained in the Pahtavaara Licence Area, including in the vicinity of the Pahtavaara Mine. Following completion in May 2020 of a circa 25,662m program (comprised of a 16,569m regional diamond drill campaign and a further 9,093m at the Pahtavaara Mine), in July 2020 Rupert commenced a 40,000 to 50,000m (subsequently increased to circa 60,000m) diamond drill program to further evaluate six new discoveries made in an area within the Pahtavaara licence package known as Area 1, as well as continuing to generate new targets.

Base of till sampling continues across the Pahtavaara Licence Area, with circa 16,935 samples collected to end May 2021 over geophysical anomalies of interest.

Further to completion of a 9,093 metre drill programme at the Pahtavaara mine in 2020, which inter alia identified high-grade, near surface plunging shoots, as well as potential extensions to mineralisation on the southern flank of the deposit, it was concluded that further drilling should be carried out prior to updating the Mineral Resource Estimate at the Pahtavaara Mine. As of mid-May 2021, 9131m of a planned diamond drill program of circa 10,000 metres had been undertaken from both surface and underground.

Financial Highlights

Rupert’s net loss totaled $7,343,327 for the 12 months ended February 28, 2021 with basic and diluted loss per share of $0.05. This compares with a net loss of $5,159,127 with basic and diluted loss per share of $0.04 for the 12 months ended February 29, 2020. No revenue was recorded in either period. As at February 28, 2021, the Company had cash and cash equivalents of $21,724,305 (February 29, 2020: $(14,313,403).

All references to currency in this press release are in Canadian dollars.

About Rupert

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "RUP". The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland ("Pahtavaara"). Pahtavaara previously produced over 420koz of gold and 474koz remains in an Inferred mineral resource (4.6 Mt at a grade of 3.2 g/t Au at a 1.5 g/t Au cut-off grade, see the technical report entitled "NI 43-101 Technical Report: Pahtavaara Project, Finland" with an effective date of April 16, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd., an independent qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects). The Company also holds a 100% interest in the Surf Inlet Property in British Columbia, a 100% interest in properties in Central Finland and a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario.

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

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which constitute "forward-looking statements", including Mineral Resource Estimates and operating performance and plans of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 28, 2021 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 28, 2021 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210625005453/en/

Contacts

James Withall
Chief Executive Officer
jwithall@rupertresources.com

Thomas Credland
Head of Corporate Development & Investor Relations
tcredland@rupertresources.com

Rupert Resources Ltd
82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1
Tel: +1 416-304-9004

Web: http://rupertresources.com/

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, June 25, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) announces that it has elected to accelerate the expiry date of the common share purchase warrants issued on May 20, 2021 (the "Warrants").

As described in the filing statement of Collective dated May 12, 2021, if the closing price of the Company’s common shares (the “Common Shares”) on the TSX Venture Exchange (“TSXV”) equals or exceeds $2.60 for a period of 20 consecutive trading days (the "Acceleration Trigger"), the Company is entitled to accelerate the expiry date of the Warrants to the date that is not less than 30 trading days following the date notice of such acceleration (the "Acceleration Notice") is delivered to holders of Warrants. The Company will deliver today the Acceleration Notice to holders of Warrants indicating the Company's election to accelerate the expiry date of the Warrants to August 9, 2021 (the "Accelerated Expiry Date").

ANY WARRANTS THAT HAVE NOT BEEN EXERCISED BY 4:00 P.M. (TORONTO TIME) ON AUGUST 9, 2021 WILL AUTOMATICALLY BE CANCELLED.

Each whole Warrant entitles the holder to purchase one Common Share at a price of $2.00. If all Warrants are exercised, including previously exercised Warrants, proceeds to the Company will total approximately $15.5 million, however, there can be no assurance that any additional Warrants will be exercised prior to the Accelerated Expiry Date. Holders of Warrants who wish to exercise their Warrants should review the exercise requirements contained in the Acceleration Notice, and the certificate(s) evidencing their Warrants, and contact their legal and investment advisors before submitting the exercise form and any other applicable documentation to the Company. The contact details for the Company is 82 Richmond St. E., Toronto, Ontario M5C 1P1, Attn: Chief Financial Officer, e-mail: info@collectivemining.com.

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in early Q4, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in September 2021.

For further information, please contact:

Paul Begin, Chief Financial Officer
Collective Mining Ltd.
Telephone: (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements regarding cash proceeds to the Corporation following the Accelerated Expiry Date; proposed exploraiton plans on Collective’s properties; allocation of funds and expected benefits, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions, including those identified in the Collective’s Filing Statement dated May 12, 2021. A and other disclosure documents filed on and available on SEDAR at www.sedar.com. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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.

Toronto, Ontario–(Newsfile Corp. – June 24, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has granted incentive stock options to certain officers, directors, employees and/or consultants of the Corporation to purchase up to 5,300,000 common shares in the capital of the Company until June 24, 2026, at an exercise price of $0.18 per share. The incentive stock options were granted in accordance with the Company's Stock Option Plan.

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. This includes 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 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

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
P. 416.365.5321
info@maritimegold.com
www.maritimeresourcescorp.com

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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 receiving permits for construction and development of Hammerdown and, and the Company's decision to acquire new mineral property interests and assets, 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 including the Nugget Pond gold circuit 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/88596

Toronto, Ontario–(Newsfile Corp. – June 23, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce positive results of the recent further test work aimed at confirming the use of sorting technology to reject waste rock dilution and improve the processed grade of mineral resources at the Hammerdown Gold Project ("Hammerdown" or "the Project"), in the Baie Verte mining district of Newfoundland and Labrador, Canada. The integration of sorting technology in the planned feasibility study for Hammerdown is expected to reduce the Company's environmental footprint and operating cost.

Maritime commissioned TOMRA in early 2021 to complete sorting tests using an X-Ray Transmission ("XRT") sensor on a bulk sample of approximately 6,500 kg, taken from mineralized sources on a number of veins at the Hammerdown deposit. After screening to remove the fine particles (-12.7mm), approximately 5,100 kg of sample was tested at TOMRA's test facility in Wedel, Germany. This is the fourth sorting test program conducted by Maritime for the Hammerdown Gold Project. Additional tests are underway for the Company's Orion deposit and are planned for the Whisker Valley Project.

Test Program Highlights

• Test work was based on operating two XRT sorting machines in parallel, each processing separate size fractions of +12.7-38.0mm and +38.0-63.5mm, to concentrate the sulphide rich mineralization while rejecting the bulk of the dilution taken during the mining process.

• Sorting performance for the +38.0-63.5mm material, grading approximately 11.2 gpt Au, returned a sorted product grading 22.9 gpt Au (104% increase) in only 47.1% of the mass with gold recovery of 96.6%.

• Sorting performance for the +12.7-38.0mm material, grading approximately 11.8 gpt Au, returned a sorted product grading 19.5 gpt Au (65% increase) in only 59.0% of the mass with gold recovery of 97.2%.

• Overall results on ~11.2 gpt Au feed material recombining the -12.7mm fine fraction, resulted in a final screened and sorted mill feed product grading 16.6 gpt Au in only 66% of the original mass with gold recovery of 97.7%.

• Rejects (dilution) from the overall sorting process represented 34% of the overall feed with a grade of 0.7 gpt Au. This material would be backhauled to the mine for backfill and long-term closure.

• Additional testing on 905 kg of lower grade variability composites grading 3.4 gpt Au returned a final product grading 5.3 gpt Au (56% increase) in only 55% of the mass with gold recovery of 86.3%. The rejected dilution aligned well with the bulk sample grade at an average of 0.7 gpt Au. A sample from the Wisteria zone was also tested with a feed grade of 2.6 gpt Au that returned a final product grading 4.6 gpt Au (77% increase) in only 49.0% of the mass with gold recovery of 85.0%, indicating that this zone responds to sorting similarly to the rest of the deposit.

• The test work completed throughout 2019 and 2020 on numerous samples from Hammerdown has provided the Company with an excellent data set that affords confidence in the sorting performance predictions across a range of grades.

Operating and Environmental Benefits

Sorting is an innovative method of concentrating mineralization using sensitive X-Ray sensors and compressed air while rejecting run-of-mine waste dilution that commonly accompanies the mining process. Deposits such as Hammerdown, with high grade gold associated with pyrite contained in quartz veins, respond very well to XRT sorting.

An investment in this technology for the Hammerdown Project has many operational and environmental benefits, which sustain over the life the Project, from operations through to mine closure. By rejecting up to 50% of the run of mine ("ROM") feed, the sorter rejected waste remains on site and only a concentrated sorted product would be transported by truck approximately 130 km to the Nugget Pond gold plant. This is a direct and significant savings in trucking cost, and a significant reduction in green house gas ("GHG") emissions from reduced diesel fuel consumption. Eliminating waste from the material to be transported means fewer transport trucks on the highway. Furthermore, removing a significant quantity of waste from the mill process feed, reduces grinding circuit energy consumption proportionally. It also reduces the water requirements, volume of process reagents used, and decreases the volume of tailings requiring long term storage.

Garett Macdonald, President and CEO of Maritime, commented: "The results from the TOMRA tests validate the favorable mineralogy of the Hammerdown Gold Project for sorting technology. These new tests, combined with additional test work completed in 2019 and 2020, demonstrate the potential to provide a higher-grade sorted concentrate at a low cost to the Nugget Pond gold circuit. It will also enable Maritime to substantially reduce the overall environmental footprint of the Project by significantly reducing GHG emissions, process water, chemicals and energy required in comparison to conventional processing. This is another example of our ongoing commitment to integrate industry leading environmental practices and we're excited about adopting this technology at our projects in Newfoundland and Labrador."

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. This includes 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 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

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
www.maritimeresourcescorp.com

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Qualified Persons:

Stacy Freudigmann, P.Eng. of Canenco Consulting Corp. is the Qualified Person for the Company's metallurgical programs and has reviewed and approved the technical and scientific content on the metallurgical programs in this news release. Exploration activities at the Hammerdown Gold Project and Whisker Valley are administered on site by the Company's Exploration Manager, Larry Pilgrim, P.Geo and Technical Advisor Jeremy Niemi, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

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 receiving permits for construction and development of Hammerdown and, and the Company's decision to acquire new mineral property interests and assets, 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 including the Nugget Pond gold circuit 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/88364

CEO of Yong Tai Berhad: Introduction of technology is expected to fill the local gap

SHENZHEN, China, June 22, 2021 /PRNewswire/ — On June 21, local time, phase III clinical fieldwork of the Inactivated COVID-19 Vaccine (Vero cells) independently developed and manufactured by Shenzhen Kangtai Biological Products Co., Ltd. was officially initiated in Malaysia, and the first batch of enrolled subjects was vaccinated on-site.

In February this year, BIOKANGTAI and Malaysia's Yong Tai Berhad signed an Agreement on Phase III Clinical Trial of Inactivated COVID-19 Vaccine and Product Procurement, reaching a consensus to further carry out the phase III clinical trials and commercialization of the agreed products in Malaysia. On May 31, the National Pharmaceutical Regulatory Agency (NPRA), Malaysia, approves the clinical trial of the vaccine. Subsequently, on June 11, clinical samples of the vaccine were delivered from Shenzhen, China to Malaysia.

BIOKANGTAI is China's leading biopharmaceutical enterprise. Over the past 30 years since its establishment, it has accumulated rich experience in vaccine research and development, and it also has a notable scale of vaccine industrialization in China. Since the company was listed on the A-shares market in 2017, its market value has continuously increased, ranking among the top 50 biopharmaceutical companies in the world.

In May this year, the BIOKANGTAI Inactivated COVID-19 Vaccine was granted the Emergency Use Authorization (EUA) in China, making it the sixth COVID-19 vaccine variety approved in China and also the first COVID-19 vaccine variety approved in Guangdong province. Since the commencement of the large-scale vaccination of the vaccine on June 1, the cumulative dose of vaccination has reached millions, according to the statistics of local regulatory authorities, its adverse reaction rate is much lower than the average level, showing its excellent safety. In addition, according to the data of phase I/II clinical trials published on the medRxiv platform and in the National Medical Journal of China, in the phase II clinical trial of the vaccine, the geometric mean titer of neutralizing antibody against the vaccine virus in the vaccine group on day 0-28 of the immunization program is 2.65 times of that of the serum neutralizing antibody of the convalescents, with an expected protection rate of more than 90%.

Regarding this collaborative clinical trial, Miao Xiang, executive vice chairman of BIOKANGTAI, said, "In the face of the pandemic, BIOKANGTAI, together with our Malaysian partner, will provide Malaysians with COVID-19 vaccines which have been proven to be safe on a large scale, to help Malaysia overcome the epidemic as soon as possible with our responsibility and duty as a Chinese vaccine enterprise. At the same time, both companies will actively promote the roll-out of the phase III clinical trial, to accelerate the fair supply of COVID-19 vaccines as a public product in the world, especially in developing countries, by verifying the effectiveness and safety of the vaccine on a larger scale."

Datuk Wira Boo Kuang Loon, CEO of Yong Tai Berhad said, " The COVID-19 Vaccine will become a long-term demand, and we currently lack the technology to produce vaccines on our own, we hope to introduce the advanced technology of BIOKANGTAI and to promote local R&D and manufacturing."

View original content:http://www.prnewswire.com/news-releases/phase-iii-clinical-trial-of-biokangtai-covid-19-vaccine-initiated-in-malaysia-301317445.html

SOURCE Shenzhen Kangtai Biological Products Co. Ltd.

TORONTO, June 22, 2021 (GLOBE NEWSWIRE) — Goliath Resources Ltd. (TSX-V: GOT) (FSE: B4IF) (OTCQB: GOTRF) (the “Company or “Goliath”); Goliath is pleased to announce a high-resolution geophysical survey was completed, covering a 16 square kilometer area including and surrounding the Surebet Zone which is a newly discovered high-grade gold-silver discovery on its 100% controlled Golddigger property in the Golden Triangle, BC. The Surebet Zone currently has 1,000 meters of strike, with 500 meters of vertical relief and 1,000 meters of down dip extent that remains open with an average true width of 9.84 meters grading 10.68 g/t AuEq (7.59 g/t Au) – (see news November 25, 2020).

The survey covered a 16 square kilometer area (4km x 4km) that encompasses the planned 2021 maiden drill program of 5,000 meters from up to 14 separate drill pads and surrounding area with strong high-grade gold-silver potential. The Surebet Zone was flown by helicopter in a systematic low-level (50 meter) grid pattern with 50-meter line spacing by Precision GeoSurveys. The survey was designed to assist in tracing this open gold-silver bearing system to depth and where it’s covered by overburden. The data once modelled, will also be very useful in identifying potential new zones outside the scope of this year’s maiden drill program for additional follow up.

Golddigger Property

The Golddigger property is 23,859 hectares (59,646 acres) and in a world class geological setting. It is located on tide water 30 kilometers south east of Stewart BC in the Golden Triangle and only 7km West of the Dolly Varden Mine access road providing for cost effective exploration (Link to Claim Map).

The newly discovered Surebet Zone is located ~8 kilometers S.W. of Fury Gold’s Homestake Ridge deposit, a high-grade gold-silver resource estimate (M&I) that contains 982,700 oz of gold @ 4.99 g/t gold and 19,600,000 oz of silver @ 97.7 g/t silver, with drill intercepts of up to 73 meters of 21 g/t gold and 12 g/t silver (source – Fury Gold’s PEA & Website) (Link to Regional Map).

Multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 gpt gold equivalent (AuEq) and 7.59 grams per tonne gold (gpt Au) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

The Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill program. The high-grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying less than 0.5 g/t AuEq (Link to news November 25, 2020).

The Surebet Zone is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2km of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square km area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

The Company has granted stock options for a total of 75,000 common shares of the Company to an Advisor. These stock options are exercisable at $0.92 each, which was the closing price on June 21, 2021. These options will expire June 22, 2026 and are governed by the Company's stock option plan.

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

All rock, channel and talus fine samples were crushed and pulverized at MSALABS's laboratory in Terrace, BC. MSALABS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay and metallic screen fire assay in Langley, BC. The pulps were also assayed using multi-element aqua regia digestion at MSALABS's laboratory in Langley, BC. The coarse reject portions of the rock samples, as well as the pulps, were shipped to Goliath Resources Ltd.’s storage facility in Terrace, BC. All samples were analyzed using MSALABS's assay procedure ICP-130, a 1:1:1 aqua regia digestion with inductively-coupled plasma atomic emission spectrometry (ICP-AES) or inductively-coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the FAS-121 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 ppm for silver or 10,000 ppm copper, lead and zinc were additionally assayed using MSALABS's ICA-6xx method particular to each element. This method used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the FAS-425 method which includes a fire-assay fusion procedure with a gravimetric finish. Samples with Au greater than 5 ppm were additionally analyzed using metallic screen fire assay with MSALABS’s MSC-150 or MSC-350 method. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
President and Chief Executive Officer
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

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

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

TSX Venture Exchange: NEV

VANCOUVER, BC, June 21, 2021 /CNW/ – Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) plans to make an application to the TSX Venture Exchange (the "TSXV") to amend the term of an aggregate of 2,905,133 outstanding share purchase warrants, (the "Warrants") which were issued in connection with a non-brokered private placement in 2018 (see Nevada Sunrise news release dated July 17, 2018).

The Company is seeking to extend the term of the Warrants for two additional years, which would extend the expiry date to July 17, 2023. The exercise price of the Warrants will remain unchanged, at $0.25 per Warrant. The application to extend the expiry date of the Warrants is subject to acceptance by the TSXV.

The Company also announces that it has agreed to settle an aggregate of $18,793.48 in debt owing to certain of directors of the Company for through the issuance of 221,099 common shares at a deemed price of $0.085 per share (the "Debt Settlement").

Because the shares will be issued to directors of the Company, the Debt Settlement will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), which is incorporated into Policy 5.9 of the TSXV Corporate Finance Manual. The Board of Directors of the Company has determined that neither the value of the shares issued to, nor the aggregate debt settled with respect to, any directors of the Company in connection with the Debt Settlement will exceed 25% of the Company's market capitalization on the date hereof. As a result, the Debt Settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Completion of the Debt Settlement is subject to the approval of the TSXV. Shares issued in connection with the Debt Settlement will be subject to a four-month hold period in accordance with applicable securities laws.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover. The 2020 Kinsley Mountain reverse circulation ("RC") and diamond drill campaign was completed in November 2020 and comprised 49 drill holes totaling 17,970 metres (58,957 feet) testing five target areas within the greater resource area, which consisted of 39 RC holes for 13,610 metres (44,652 feet) and 10 diamond drill holes for 4,360 metres (14,305 feet), with 3 holes abandoned and re-drilled from the same locations.

Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold¹.

¹ Technical Report of the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A., effective May 5, 2021 and prepared by Michael M. Gustin, CPG, and Gary L. Simmons, MMSA Q.P. filed on SEDAR under New Placer Dome Gold Corp.'s Issuer Profile (www.sedar.com).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located in the Clayton Valley basin near Silver Peak, Nevada, and water right Permit 86863, located in the Lida Valley basin, near Lida, Nevada.

FORWARD-LOOKING STATEMENTS

This release may contain forward–looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and may include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.

Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or otherwise. Other risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months ended March 31, 2021, which is available under Company's SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/21/c5894.html

Figure 1

Guayabales Project

Figure 2

Guayabales Project – Targets

Figure 3

Olympus Target breccia veining

Figure 4

Donut Target

TORONTO, June 21, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an activity update on it’s Guayabales project (“Guayabales”) located in Caldas, Colombia. The project is situated contiguous and immediately along strike to the northwest from Aris Gold’s Marmato Gold Mine (“Marmato”), which contains Proven and Probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). Supporting images for this release can be found in Figures 1-4.

The Company’s interpretation of the Guayabales project is that the precious metal mineralization encountered throughout the property is related to a series of copper-gold-molybdenum porphyry intrusions. It is also likely that these porphyry intrusions are at least partially responsible for the robust mineral endowment of the area (including Marmato). Importantly, Collective Mining is the first company to ever consolidate the prospective land package along strike to the northwest and adjacent to Marmato.

Over the past nine months, the Company has rapidly advanced the project with intense geological mapping, soil and rock sampling programs and has completed and interpreted a high resolution, airborne geophysical survey. Work to date has highlighted a major NW-trending and mineralized structural corridor that incorporates both porphyry style copper-gold-molybdenum mineralization and associated high-grade gold-silver (base metal) vein systems. Guayabales is located immediately along strike, and at higher elevation, to the Marmato orebodies preserving vertically larger zones of the highly prospective Miocene intrusive related mineralized systems. Current surface exploration activity has covered less than 20% of the project area and has already identified four initial targets referred to as Donut, Tower, Olympus and Victory which are described as follows:

• The Donut target is part of a northwest trending and outcropping cluster of mineralized copper-gold-molybdenum porphyry intrusions. Shallow underground workings have exposed large zones of porphyry veining hosting various copper sulfides including chalcopyrite, chalcocite and lesser bornite with molybdenite and abundant pyrite. The Donut target displays intense zones of both potassic alteration and overprinting vein and stockwork systems. The porphyry zone is enveloped by a large scale (+1.5 km) and continuous anomalous zone of in-situ and coincidental gold, copper and molybdenum soil anomalism. Assay results are anticipated within the next 30 days from preliminary channel sampling program performed in existing underground workings and a maiden drill program is planned for September 2021.

• The Tower target, located in the western portion of the project area at the deformed contact between graphitic schists and diorite intrusives, incorporates a similar geological setting to the prominent Marmato gold-silver orebodies that are immediately to the south-east of this zone along strike. The north-south trending contact zone, recently exposed by a landslide, has exposed a 50 m x 50 m area of intense sericite-silica alteration with disseminated sulfides. This structure is exposed in old artisanal working located more than 1 kilometre to the NNW of the Tower outcrop. Detailed mapping and soil auger sampling of the entire target area is in progress to determine the dimensions of the target. Assays results from an extensive channel sampling campaign are expected within the next 30 days and will be followed shortly thereafter by a maiden drill program.

• The Olympus target hosts a large-scale sheeted vein and breccia, quartz-(carbonate) sulfide system, currently measuring over 400 metre true-width with an interpreted strike length of greater than 1 kilometre that trends to the Donut target. These late-stage porphyry-associated NW structures overprint a larger-scale porphyry style stockwork veinlet system within potassic altered quartz diorite porphyries and country rocks. Numerous artisanal workings have followed individual vein and breccia structures for +400 metres in strike length and reconnaissance grab samples have returned values of up to 72.4 g/t gold and 1,098 g/t silver. The exploration team is currently undertaking geological mapping and systematic soil and channel sampling in order to define the overall size of the target. A maiden drill program to test the Olympus target is anticipated to ensue in Q4, 2021.

• The Victory target is located in the north of the project area and consists of a stockwork of porphyry magnetite veinlets with disseminated sulfides hosted within altered diorite intrusive host-rocks. The large target area is outlined well by the airborne magnetics which illustrates a horseshoe shaped zone of high magnetic bodies enveloping a magnetic low. Multiple phases of altered and unaltered diorite intrusive were observed during reconnaissance fieldwork. Soil sampling mapping and rock channel sampling is in progress in this area with drilling planned for Q1, 2022.

  Ari Sussman, Executive Chairman of Collective Mining stated, “This is the first time that any mining company has consolidated a commanding land package encompassing the northwest projection of the historically significant Marmato mine, which has been in continuous production for more than 500 years. Results to date from our Guayabales project are astounding, with multiple styles of precious and base-metal mineralization having been discovered covering more than 5 kilometres. The potential for discovering overprinting high-grade and bulk tonnage mineralized systems is excellent.”

Qualified Person (QP) and NI43-101 Disclosure
David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780 hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333 hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in September, 2021.

Further Information

All information contained in this news release with respect to Collective was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party. For further information regarding the Qualifying Transaction, please contact:

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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.

Figure 1: Guayabales Project is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b65dddab-14b4-4459-b36c-c0e9acca93e0

Figure 2: Guayabales Project – Targets is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b20dab42-3701-49a6-960f-93309dab3db7

Figure 3: Olympus Target breccia veining is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae2ddff2-0d22-48ac-83a1-1feae50d7acb

Figure 4: Donut Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf7a6602-4ec7-44e4-8f69-d232012c9c22

VANCOUVER, BC / ACCESSWIRE / June 21, 2021 / Mawson Gold Limited ("Mawson") or (the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce co-funding of battery metal geometallurgical support by Business Finland for €397k (CAD$590k) as part of a 50% co-funding of €795k (CAD$1.2M) for the Finland-based Circular Ecosystem of Battery Metals ("BATCircle2.0"). BATCircle2.0 is funded by Business Finland in cooperation with Mawson Oy (Mawson's 100%-owned Finnish subsidiary), the Geological Survey of Finland (GTK) and Aalto University.

Highlights:

• Mawson Oy has been granted €397k (CAD$590k) as part of a 50% co-funding of €795k (CAD$1.2M) for the Finland-based Circular Ecosystem of Battery Metals ("BATCircle2.0") to study cobalt geometallurgy, optimise gold-cobalt separation methods, improve overall cobalt recovery by minimising losses to tailings, investigate on-site production possibilities, reduce environmental impacts of tailings and add to the Finnish circular battery economy;

• Mawson, in conjunction with research partners at GTK, Aalto University and University of Oulu along with Finnish specialist consultants, intends to:

  • Couple the financial return from gold with a requirement to maximise the separation of battery and critical metals including cobalt, nickel, tungsten and copper;

  • Test and demonstrate the viability of enhanced recovery of these by/co-products during mineral processing using green technologies, which will be further developed by GTK and tested on existing tailings;

Mr. Hudson, Chairman and CEO, states, "We are again thankful that Business Finland has chosen to continue to support Mawson in our pursuit to become a significant Finnish (and European) raw material battery-metal supplier from our 100%-owned Rajapalot project, which is already 7^th largest European cobalt resource.

"BATCircle2.0 will build on the work of BATCircle, which provided the most comprehensive metallurgical studies performed at Rajapalot to date. That work demonstrated excellent gold recoveries with a viable method to obtain industrial acceptable recoveries for cobalt to produce a cobalt concentrate that could be further treated by hydrometallurgical methods (leaching, solvent extraction, purification) to produce cobalt sulphate. The battery supply chain, through to the customer, is demanding sustainable and ethically sourced metals and minerals, and the Finnish ability to deliver against these demands, via projects such as Rajapalot, is a unique and competitive advantage. A key to the successful extraction of our battery and critical metals will be a positive net return."

The objectives of Mawson's BATCircle2.0 project are to:

• Optimise enhanced gravity streams for cobalt and gold separation;

• Efficiently separate gold and cobalt/sulphide concentrate streams;

• Add understanding of optimal conditions for flotation of cobaltite;

• Study leaching of non-cobaltite concentrate residues;

• Investigate on-site cobalt metal or salt production;

• Reduce acid production in tailings and carbon capture using Mg-rich waste in tailings;

• Enhance circular battery economy by integrating project results into the economics of recovery of nickel and cobalt from sulphide concentrates.

Many Finnish cobalt-gold polymetallic systems are driven by the economics of gold with the metallurgical focus therefore driven to returns on gold. Losing battery and critical metals to tailings is a poor outcome for Finland and the development of a local circular low-carbon economy. Mawson's Rajapalot gold-cobalt project in Lapland also contains nickel, copper and tungsten, a common Finnish metal association but unusual globally. Drilling for metallurgical sampling will continue,

providing fresh research materials.

Background to BATCircle2.0: The BATCircle2.0 consortium has been granted €10.8 million by Business Finland as part of a total funding budget of €19.3 million. BATCircle2.0 is a key project in Business Finland`s Smart Mobility and Batteries from Finland programs.

The BATCircle2.0 consortium will build on the first phase of BATCircle which was successfully completed in April 2021. The aim of the project consortium is to create a competitive and sustainable European battery industry through collaboration and joint research between companies and research organisations. The BATCircle2.0 consortium led by Aalto University consists of the following universities, research institutions and companies:

• Universities: Aalto University, University of Eastern Finland, LUT University (Lappeenranta Uni of Tech), University of Oulu;

• Research Institutions: Geological Survey of Finland (GTK), VTT Technical Research Centre of Finland;

• Companies: Boliden Harjavalta Oy, Finnish Minerals Group Oy, Fortum Waste Solutions Oy, Metso Outotec Oyj, Norilsk Nickel Harjavalta Oy, Terrafame Oy, Umicore Finland Oy, AkkuSer Oy, BroadBit Batteries Oy, Fennoscandian Resources Ab, FinnCobalt Oy, Keliber Technology Oy, Latitude 66 Cobalt Oy, Mawson Oy, X-Ray Minerals Services Finland Oy

The Aalto University Official Announcement can be found here.

NI 43-101 Technical Report: On September 14, 2020, an updated resource estimation was completed by Rodney Webster of AMC of Melbourne, Australia, and Dr. Kurt Simon Forrester of Arn Perspective of Surrey, England. Each of Mr. Webster and Dr. Forrester are independent "qualified persons" as defined by NI 43-101. The NI 43-101 technical report is entitled "Rajapalot Property Mineral Resource Estimate NI 43-101 Technical Report" and dated September 14, 2020 (the "Updated Technical Report"). The Updated Technical Report may be found on the Company's website at www.mawsongold.com or under the Company's profile on SEDAR at www.sedar.com. Readers are encouraged to read the entire Updated Technical Report.

Qualified Person

Dr. Nick Cook (FAusIMM), Chief Geologist for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has prepared or reviewed the preparation of the scientific and technical information in this press release.

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)

Mawson Gold Limitedis an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland. Mawson also owns or is joint venturing into three high-grade, historic epizonal goldfields covering 470 square kilometres in Victoria, Australia and is well placed to add to its already significant gold-cobalt resource in Finland.

Forward-Looking Statement. This news release contains forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements and are based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements 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, but not limited to: capital and other costs varying significantly from estimates; changes in world metal markets; changes in equity markets; ability to achieve goals; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs and results varying from expectations; unexpected geological conditions; local community relations; dealings with non-governmental organizations; delays in operations due to permit grants; environmental and safety risks; and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE: Mawson Gold Limited

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https://www.accesswire.com/652390/Mawson-and-BATCircle20-Co-Funding-for-the-Rajapalot-Gold-Cobalt-Project-Finland