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VANCOUVER, BC / ACCESSWIRE / April 22, 2024 / Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to announce that, due to strong investor demand, the non-brokered private placement announced March 28, 2024, (the "Offering") has been increased to 27.5 million units for gross proceeds of $3.85 million from the previously announced 17,857,143 units for gross proceeds of $2.5 million.

All other terms of the Offering remain unchanged. Glencore Canada Corporation ("Glencore"), a wholly-owned subsidiary of Glencore plc, has agreed to purchase 15 million units of Stillwater pursuant to the Placement, for gross proceeds of $2.1 million.

The Offering is expected to close on or about April 26, 2024, and is subject to customary conditions, including acceptance by the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

The Company confirms that certain insiders of the Company will subscribe for units in the Offering. The issuances of units to insiders will be considered related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements in MI 61-101 in respect of any such insider participation, as neither the fair market value of the securities to be issued, nor the fair market value of the consideration for the securities to be issued, insofar as it involves such insiders, will exceed 25% of the Company's market capitalization as calculated in accordance with MI 61-101.This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Stillwater have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, positions Stillwater West with the largest nickel resource in an active US mining district as part of a compelling suite of nine minerals now listed as critical in the USA. To date, five Platreef-style nickel and copper sulphide deposits host a total of 1.6 billion pounds of nickel, copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold at Stillwater West, and all deposits remain open for expansion along trend and at depth. Results are pending from resource expansion drilling completed in the fall of 2023.

Stillwater also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals' development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & DirectorEmail: info@criticalminerals.com Phone: (604) 357 4790Web: http://criticalminerals.com Toll Free: (888) 432 0075

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements" or "forward-looking information" in accordance with applicable securities laws. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, potential exploration results, the timing and success of exploration activities generally, and expectations regarding the completion of the Placement, are forward-looking statements that involve various risks and uncertainties. Although Stillwater believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals or satisfaction of other conditions to closing of the Placement, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Stillwater and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.

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

SOURCE: Stillwater Critical Minerals

View the original press release on accesswire.com

Reunion Gold Corporation (V.RGD) hit a new 52-week high of 57 cents Monday. Reunion Gold and G Mining Ventures Announced a Combination to Set the Stage for a Leading Intermediate Gold Producer in the Americas.

Alphamin Resources Corp. (V.AFM) hit a new 52-week high of $1.14 Monday. No news stories available today.

Gold79 Mines Ltd. (V.AUU) hit a new 52-week high of 79 cents Monday. No news stories available today.

Bedford Metals Corp. (V.BFM) hit a new 52-week high of $1.54 Monday. No news stories available today.

Biorem Inc. (V.BRM) hit a new 52-week high of $2.01 Monday. No news stories available today.

US Financial 15 Split Corp. Class A Shares (T.FTU) hit a new 52-week high of 43 cents Monday. No news stories available today.

Golden Cariboo Resources Ltd. (C.GCC) hit a new 52-week high of 28 cents Monday. No news stories available today.

Genesis Land Development Corp. (T.GDC) hit a new 52-week high of $3.25 Monday. No news stories available today.

Globex Mining Enterprises Inc. (T.GMX) hit a new 52-week high of $1.02 Monday. No news stories available today.

Hannan Metals Ltd. (V.HAN) hit a new 52-week high of 44 cents Monday. No news stories available today.

Hemisphere Energy Corporation (V.HME) hit a new 52-week high of $1.72 Monday. No news stories available today.

NTG Clarity Networks Inc. (V.NCI) hit a new 52-week high of 50 cents Monday. No news stories available today.

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PJX Resources Inc. (V.PJX) hit a new 52-week high of 29 cents Monday. No news stories available today.

Primo Water Corporation (T.PRMW) hit a new 52-week high of $25.44 Monday. No news stories available today.

Regulus Resources Inc. (V.REG) hit a new 52-week high of $1.58 Monday. No news stories available today.

Riley Gold Corp. (V.RLYG) hit a new 52-week high of 25 cents Monday. No news stories available today.

Sintana Energy Inc. (V.SEI) hit a new 52-week high of 83 cents Monday. No news stories available today.

Suncor Energy Inc. (T.SU) hit a new 52-week high of $53.74 Monday. No news stories available today.

Taiga Building Products Ltd. (T.TBL) hit a new 52-week high of $3.40 Monday. No news stories available today.

Thermal Energy International Inc. (V.TMG) hit a new 52-week high of 34 cents Monday. No news stories available today.

BHP Group BHP announced that its iron ore production rose 3% year over year to 61.5 Mt in the third quarter of fiscal 2024 (ended Mar 31, 2024). This was attributed to a 3% rise in iron ore output at Western Australia Iron Ore (WAIO).In the first nine-month period of 2024, iron ore production was recorded at 191 Mt, down 1% year over year. This decline can be attributed to heavy rainfall in the third quarter of fiscal 2024, the continued tie-in activity for the Rail Technology Program, the impacts of the ongoing ramp-up of the Central Pilbara hub (South Flank and Mining Area C) and a bushfire near Yandi.BHP stated that South Flank is on track to ramp up to a full production capacity of 80 Mt per year (100% basis) by the end of fiscal 2024.Copper Output Up 15% in Q3: Total copper production in the third quarter of fiscal 2024 rose 15% year over year to 466 kt. This brings the copper production total to 1,360 kt for the first nine-month period of fiscal 2024, which marks 10% growth year over year. This reflects strong performance and additional tons from Copper South Australia, record year-to-date performance from Spence, as well as improved grades and production at Escondida.Production at Escondida was up 7% year over year to 816 kt in the first nine-month period of fiscal 2024. Copper output at Pampa Norte declined 9% to 200 kt in the first nine-month period compared with year-ago levels. Cerro Colorado entered temporary care and maintenance in December 2023. Spence continues to perform well with its output attaining a nine-month record of 189 kt, mainly driven by improved concentrator throughput and higher recoveries.Production from Copper South Australia surged 49% to 233 kt in the first nine-month period of fiscal 2024, driven by additional contributions from Prominent Hill and Carrapateena. Antamina’s copper production rose 4% to 106 kt in the first nine months of fiscal 2024.Nickel Production Down 4% in Q3: Nickel production was down 4% year over year to 18.8 kt during third-quarter fiscal 2024. In the first nine months of fiscal 2024, nickel output was 58.6 kt, which was 1% higher than the year-ago comparable period.Energy Coal Up, Metallurgical Coal Plunges: Energy coal production rose 5% year over year to 4.1 Mt in the third quarter of fiscal 2024. In the first nine months of fiscal 2024, production improved 23% year over year to 11.6 Mt owing to strong operating performance.Metallurgical coal production was 6 Mt, down 13% compared with the year-ago quarter. Production in the first nine months of fiscal 2024 was 17.4 Mt, which was 16% lower than the year-ago levels due to planned maintenance, an extended longwall move, as well as increased stripping to improve supply-chain stability.Prices: In the third quarter of fiscal 2024, average realized prices for iron ore were down 3% to $106 per ton. Copper prices were up 5% sequentially to $3.85 per pound. Average nickel prices were $16,581 per ton, down 1% sequentially. Prices for thermal coal dipped 4% sequentially to $116.11 per ton and metallurgical coal prices were down 4% sequentially to $281.51 per ton.

FY24 Production Guidance

BHP’s iron ore production guidance for fiscal 2024 is 254-264.5 Mt. WAIO's production is expected to be between 250 Mt and 260 Mt (282 Mt and 294 Mt on a 100% basis).BHP expects copper production within 1,720-1,910 kt in fiscal 2024. Production guidance for metallurgical coal has been lowered to 21.5-22.5 Mt from the previous expectation of 23 -25 Mt. The production guidance for energy coal is 13-15 Mt. Nickel production is expected to be near the lower half of the range of 77 kt and 87 kt.

Cost Guidance for FY24

Unit cost guidance for WAIO is $17.40-$18.90 per ton. Escondida unit cost is estimated to be $1.40-$1.70 per pound. Spence unit costs are expected to range between $2.00 per pound and $2.30 per pound. BMA unit cost is expected to be between $119 per ton and $125 per ton, higher than the prior stated range of $110-$116 per ton.

Other Updates

BHP and Mitsubishi Development Pty Ltd, on Apr 2, announced the completion of the divestment of the Blackwater and Daunia mines to Whitehaven Coal. Daunia and Blackwater were part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland. Each of BHP and MDP holds a 50% interest in BMA.

Peer Performances

Vale S.A. VALE reported iron ore production of 70.8 Mt for the first quarter of 2024, which was up 6% year over year, attributed to improved operating performance at the S11D mine and higher third-party purchases. Vale’s iron ore production guidance for 2024 is 310-320 Mt.Vale produced 81.9 kt of copper in the quarter, which marked 22.2% year-over-year growth, benefiting from the steady ramp-up of Salobo 3 as well as better performance at Salobo’s 1 & 2 plants.Rio Tinto Group RIO reported a 2% decrease in its first-quarter 2024 iron ore production to 77.9 Mt (on a 100% basis) as planned ore depletion, predominantly at Yandicoogina, was partially offset by productivity gains across other operations.Shipments for the quarter (on a 100% basis) were reported at 78 Mt, marking a 5% year-over-year drop. This was due to weather disruption at the ports as well as lower output at the mines. RIO expects Pilbara iron ore shipments (100% basis) between 323 Mt and 338 Mt in 2024. The midpoint of the range indicates a year-over-year dip of 0.4%.Rio Tinto’s copper production was 156 thousand tons (on a consolidated basis), which was 7% higher than the year-ago quarter.

Price Performance

BHP’s shares have declined 7.6% in a year against the industry’s 3% growth.

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Zacks Rank & Another Key Pick

BHP currently carries a Zacks Rank #3 (Hold).A better-ranked stock in the Basic Materials space is Carpenter Technology Corporation CRS, which carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Carpenter Technology’s 2024 earnings is pegged at $4.00 per share. The consensus estimate for 2024 earnings has moved 1% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 14.3%. CRS shares have gained 68% in a year.

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In this piece, we will take a look at the 11 best coal mining stocks to invest in. To know more about the top stocks, go directly to 5 Best Coal Mining Stocks To Invest In.

Coal has been recognized for its role in alleviating poverty through coal mining by offering employment opportunities in areas with limited or no jobs. Also, coal mining can spur economic growth by attracting investment and generating revenue for local governments. It is most reliable, and constant power of energy in areas that use coal as a primary energy source thus contributing to enhanced productivity and quality of life. Despite being the most reliable and abundant source of energy, coal consumption has been witnessed to partially decline particularly in the United States due to apprehensions regarding the impact of carbon dioxide and other emissions on climate.

Predominantly “green companies” have been claiming for a long time now that wind and solar are the cheapest forms of electricity and transitioning to renewable energy will contribute to the broader target of achieving net zero emissions. However, the opposite is true in this case as the transition to renewable energy sources has been witnessed to fail because it misaligns with the “Energy Trilemma” of focusing on security, affordability, and sustainability.

According to Ernst & Young's 2024 report, “Top 10 business risks and opportunities for mining and metals 2024”, ESG poses both substantial risks and considerable opportunities for miners that can contribute to achieving long-term value for all stakeholders. Moving forward, coal asset divestment continues because it produces carbon that represents a significant proportion of GHG emissions. Many diversifier miners have either divested their coal assets or set a timeline for closure. As per the latest IEA market report, a decline of 2.3% has been expected to take place globally in the demand for coal by 2026 in comparison to 2023.

Coal Industry Outlook 2024

China, India and Indonesia are the three largest coal producers. China, among them, has dominated global coal production for decades and is likely to continue as the foremost coal producer in the foreseeable future. Despite setting renewable energy targets, the growing economies of China and India continue to remain the top consumers of coal in efforts to fuel economic growth. China is the world’s largest energy consumer and over 60% of its electricity is generated by coal. Based on the projections from Energy Watchdog International Energy Agency, China’s share of global electricity consumption will surge to one-third by 2025, marking a substantial increase from a quarter in 2015.

On the contrary, according to Ember’s Global Electricity Review 2023, wind and solar energy are expected to replace coal by 2030, it will contribute to 41% of global electricity generation with a significant increase of 10% in 2021. Simultaneously, this transition demands a reduction in coal generation by 54% and gas generation by 28%. A notable surge in electricity demand with an average annual increase of 3.7% from 2021 to 2030 is also anticipated in this period.

Coal’s contribution to Energy Mix in 2024

According to the European Electricity Review of 2024, fossil generation plummeted by a record 19% last year with an unprecedented collapse in coal and gas generation. Coal generation fell by 26% to its lowest level accounting for only 12% of the EU electricity mix in 2023. Also, gas generation fell by 15%, which accounts for 17% of the total EU generation in 2023.

In the US alone, about 60% of 4.18 trillion kilowatt-hours of energy was generated last year from fossil fuels that included coal, according to the US Energy Information Administration. Coal amounted for roughly more than 16% of electricity generation in the nation.

Some of the best coal stocks include Teck Resources Limited (NYSE:TECK), Arch Resources, Inc. (NYSE:ARCH), Peabody Energy Corporation (NYSE:BTU), and others. For this, we decided to take a look at the 11 best coal mining stocks to invest in.

11 Best Coal Mining Stocks To Invest In

Our Methodology

To compile the list of the best coal mining stocks to invest in, we filtered companies listed on the New York Stock Exchange and Nasdaq that were engaged in coal mining operations. The stocks were ranked based on Insider Monkey’s database of 933 hedge funds tracked at the end of Q4 2023. The ranking was based on the ascending order of the number of hedge fund investors in each stock and then the top 11 coal mining stocks were picked for investment purposes. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

Best Coal Mining Stocks To Invest In11. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Number of Hedge Fund Holders: 6

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is the company involved in the production and marketing of coal. Alliance Resource Partners, L.P. (NASDAQ: ARLP) being a diversified coal and producer and marketer plays a significant role in the energy sector predominantly in regions where coal remains a vital source of electricity generation.

The company is the largest coal producer in the eastern United States that caters to both domestic and international utility and industrial sectors. Alliance Resource Partners, L.P. (NASDAQ:ARLP) is well-suited to be a reliable energy partner for the future having a market capitalization of $2.8 billion as of last quarter of 2023 and one of the best coal mining stocks to invest in.

The company possesses royalties from oil and gas operations and has notable investments in emerging alternative energy ventures which makes it as one of the best coal stocks. According to the last quarter of 2023, Alliance Resource Partners, L.P. (NASDAQ: ARLP) had 6 hedge fund investors out of 933 funds tracked by Insider Monkey database. Adam Peterson’s Magnolia Capital Fund was the largest stakeholder with 3.2 million shares having net worth of $68.1 million.

10. Ramaco Resources, Inc. (NASDAQ:METC)

Number of Hedge Fund Holders: 14

Ramaco Resources, Inc. (NASDAQ:METC) is a US based coal mining company that specializes in mining, processing and selling of metallurgical coal primarily used in steel production. As of March 2024, Ramaco Resources, Inc. (NASDAQ:METC) intends to increase its met coal production by two folds from the current 3.5 million tons and delve into the rare earth business that makes it as one the best coal stocks.

According to Insider Monkey’s Q4 database of 2023, 14 hedge funds were bullish on Ramaco Resources, Inc. (NASDAQ: METC) with Steve Cohen’s Point72 Asset Management being the largest stakeholder of the company, with 901,500 shares worth $15.5 million.

Ramaco Resources, Inc. (NASDAQ:METC) is one of the best coal mining stocks to invest in as it leads the coking coal industry as of March 2024 and it has managed to secure an average rating of buy and a price target of $23.50, according to analysts of S&P Capital IQ. In an effort to reduce costs and improve operational efficiency, Ramaco Resources, Inc. (NASDAQ: METC) has purchased a coal preparation plant for the Maben Complex and expects the same plant to get operational by Q4 this year.

9. Hallador Energy Company (NASDAQ:HNRG)

Number of Hedge Fund Holders: 17

Hallador Energy Company (NASDAQ: HNRG) is the leader in energy exploration since 1951 that makes it as one of the best coal stocks. The company is headquartered in Terre Haute, Indiana and through its wholly owned subsidiary, Sunrise Coal, LLC, produces electricity at its 1GW facility at the Merom Generating Station.

As of February 2024, Hallador Energy Company (NASDAQ: HNRG) announced a restructuring of its sunrise coal division to transition from a coal production company to a vertically integrated independent power producer that will eventually enhance the overall cost structure.

The last quarter of 2023 as per Insider Monkey’s database indicated that Hallador Energy had 17 hedge fund holders and Israel Englander’s Millennium Management was the biggest position holder, with 322,570 shares worth $2.9 million of the firm.

Along with Alliance Resource Partners, L.P. (NASDAQ: ARLP) and Ramaco Resources, Inc. (NASDAQ: METC), Hallador Energy Company (NASDAQ: HNRG) is one of the best coal mining stocks to invest.

8. SunCoke Energy, Inc. (NYSE:SXC)

Number of Hedge Fund Holders: 19

SunCoke Energy, Inc. (NYSE: SXC) is an independent manufacturer of coke. The company was established in 1960 and is headquartered in Lisle, Illinois. It operates through three segments: Domestic Coke, Brazil Coke, and Logistics. Analysts who are looking for strong oil-energy stocks, it is prudent for them to seek those companies that are outperforming and as of March 2024, SunCoke Energy, Inc. (NYSE: SXC) has certainly gained attention of many investors and is one of the best coal stocks.

SunCoke Energy, Inc. (NYSE: SXC) had 19 hedge fund holders as per Insider Monkey’s fourth quarter database. And Cliff Asness’s AQR Capital Management is the largest stakeholder of the company with 592,500 shares worth $6.4 million. SunCoke Energy, Inc. (NYSE:SXC) had surpassed its own forecasts with a consolidated adjusted EBITDA of $268.8 million in Q4. And the company is planning ahead for a challenging year of 2024 with a strategic focus on safety, environmental performance, and expanding its customer base.

7. Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Number of Hedge Fund Holders: 20

Alpha Metallurgical Resources, Inc. (NYSE: AMR) was formerly known as Contura Energy Inc. and is a leading coal producer in the United States headquartered in Bristol, Tennessee. The company specializes in mining, producing, blending, and selling metallurgical and steam coal. Its portfolio of mining operations consists of 15 underground mines, nine surface mines and eight coal preparation plants.

Insider Monkey’s Q4 database results show that Alpha Metallurgical Resources, Inc. (NYSE:AMR) held 20 hedge funds out of 933 funds with Mohnish Pabrai as the largest stakeholder with 394,313 shares valued at $133.6 million. Mohnish Pabrai acquired a significant portion of AMR i.e. 369,642 shares during the second quarter of 2023 and added another 12% in the third quarter. The company’s strong financial discipline, clear-cut business model and commitment to maximizing shareholder returns makes it as one of the best coal stocks.

Alpha Metallurgical Resources, Inc. (NYSE:AMR) is one of the best coal mining stocks to invest like Hallador Energy Company (NASDAQ:HNRG) and SunCoke Energy, Inc. (NYSE:SXC).

6. BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holders: 24

BHP Group Limited (NYE: BHP) is one of the largest diversified mining companies that is the major producer of commodities such as iron ore, copper, coal, petroleum, and nickel with a substantial presence in each sector. Its strong focus and commitment to sustainability and environmental stewardship makes it as one of the best coal stocks.

BHP Group Limited (NYSE: BHP) has a market capitalization of around $144 billion. It published a white paper that focuses on the company’s efforts to transition from fossil fuel and carbon-intensive to a world of low or zero-carbon emission resources. In 2016, BHP Group Limited (NYSE:BHP) is committed to achieving gender balance by 2025, and has achieved 40% female representation this year. It is one of the first mining companies in Chile to exceed 40% female representation.

BHP Group Limited (NYSE: BHP) positions itself as a promising, resilient investment choice and one of the best coal mining stocks to capitalize amidst changing market dynamics and regulatory pressures due to its diversified portfolio spanning various commodities, vigorous operational efficiency and proactive approach to sustainability and environmental stewardship.

Insider Monkey’s fourth quarter database results show that 24 hedge funds were bullish on BHP Group Limited (NYSE:BHP) with Ken Fisher’s Fisher Asset Management as the largest position holder in the company have 19.9 million shares worth $1.4 billion.

Click to continue reading and see 5 Best Coal Mining Stocks To Invest In.

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Goliath Resources Limited

TORONTO, April 08, 2024 (GLOBE NEWSWIRE) — Goliath Resources Limited (OTCQB: GOTRF) (TSX-V: GOT) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce it has been pre-selected by South Florida-based Noble Capital Markets Inc. (“Noble”) to present at its 20th annual NobleCon emerging growth equity conference and will also be co-hosting the “After” at Privaira Hangar, Boca Raton Airport. This is Noble’s 40th year anniversary of supporting emerging growth companies.

“We are very excited to have been pre-selected and hand picked from a long roster of companies to receive Noble’s endorsement to participate and help celebrate their 40th Anniversary and 20th NobleCon emerging growth equity conference,” stated Roger Rosmus, Founder & CEO of Goliath.

NobleCon20 will be held December 3 – 4, 2024 at the Florida Atlantic University’s College of Business Executive Education programs complex. This year three of the original “Sharks” from the ABC hit series “Shark Tank” will be in attendance for a two-day event focused on business pitches, keynote speakers and networking.

Venture capitalist Kevin O’Leary (commonly referred to as “Mr. Wonderful”), FUBU apparel founder Daymond John, and cyber-tech giant Robert Herjavec will be featured on the same stage where last year’s keynote speaker, former President George W. Bush, captivated the audience.

Bringing all three celebrity investors together was no small challenge and their joint appearance for a 95-minute, two-part event on the NobleCon20 stage will be one of a kind. First, the trio will give a moderated fireside chat, followed by a series of business pitches from hopeful entrepreneurs selected by Noble and from Florida Atlantic students and alumni.

NobleCon20 will also feature two topical panel presentations featuring notable opinion leaders, an expanded one-on-one meeting schedule, presentations from emerging growth public company senior executives and an opening-session keynote speech. The disco-themed 2024 edition of the “After,” hosted in conjunction with Goliath Resources and Money Channel NYC / Moneyball Networking, will be held at the Privaira Hangar at the Boca Raton International Airport.

“For NobleCon20 we want to focus on the importance of entrepreneurship, the economic significance of emerging growth companies, and the methodology of making strategic and disciplined investments. These ‘Sharks’ brings all of that to the stage,” Mark Pinvidic, Noble’s managing partner, said. “It’s our 40th anniversary and our 20th NobleCon, so expectations are high, particularly considering some of the networking events we’ve done in the past. Rest assured, this ‘After’ will be one for the record books.”

Noble has now opened the selection process for public company executives who would like to join the roster of speakers. General attendance registration will be available in July. Preliminary info can be obtained at www.nobleconference.com.

About Florida Atlantic University:Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 30,000 undergraduate and graduate students across six campuses located along the southeast Florida coast. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. Through the coexistence of access and excellence, FAU embodies an innovative model where traditional achievement gaps vanish. FAU is designated a Hispanic-serving institution, ranked as a top public university by U.S. News & World Report and a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. For more information, visit www.fau.edu.

About Noble Capital Markets, Inc. and Channelchek:

Noble Capital Markets Inc. was established in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed emerging growth companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 40 years, Noble has raised billions of dollars for companies and published more than 45,000 equity research reports. Noble launched www.channelchek.com in 2018 – an investor community dedicated exclusively to public emerging growth and their industries. Channelchek is the first service to offer institutional-quality research to the public, for FREE at every level without a subscription. More than 7,000 public emerging growth companies are listed on the site, and content including equity research, webcasts, and industry articles. For more information, visit www.noblecapitalmarkets.com

Golddigger – Goliath Resources’ Flagship Property

The Golddigger Property is 100% controlled covering an area of 64,264 hectares (158,800 acres) and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the ‘Red Line’ that is host to multiple world class deposits.

The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements and no cyanide required to recover the gold based on metallurgical work completed to date).

It is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.

Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.

Qualified Person

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

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. The Company currently has ample funds in its treasury to initiate a significant 2024 drill program and has key strategic shareholders that include Crescat Capital, as well as cornerstone billionaire exploration resource investors Mr. Rob McEwen and Mr. Eric Sprott.

For more information please contact: Goliath Resources Limited Mr. Roger Rosmus Founder and CEO Tel: +1.416.488.2887roger@goliathresources.com www.goliathresourcesltd.com

Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: Au 1924.79 USD/oz, Ag 22.76 USD/oz, Cu 3.75 USD/lbs, Pb 2128.75 USD/ton and Zn 2468.50 USD/ton on December 23, 2023. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.

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 the Company to complete 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.

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So, the natural question for Bravo Mining (CVE:BRVO) shareholders is whether they should be concerned by its rate of 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). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

Check out our latest analysis for Bravo Mining

Does Bravo Mining Have A Long Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Bravo Mining last reported its December 2023 balance sheet in April 2024, it had zero debt and cash worth US$32m. Looking at the last year, the company burnt through US$15m. That means it had a cash runway of about 2.1 years as of December 2023. That's decent, giving the company a couple years to develop its business. Depicted below, you can see how its cash holdings have changed over time.

debt-equity-history-analysisHow Is Bravo Mining's Cash Burn Changing Over Time?

Although Bravo Mining reported revenue of US$1.4m last year, it didn't actually have any revenue from operations. That means we consider it a pre-revenue business, and we will focus our growth analysis on cash burn, for now. Over the last year its cash burn actually increased by a very significant 82%. While this spending increase is no doubt intended to drive growth, if the trend continues the company's cash runway will shrink very quickly. Clearly, however, the crucial factor is whether the company will grow its business going forward. For that reason, it makes a lot of sense to take a look at our analyst forecasts for the company.

How Easily Can Bravo Mining Raise Cash?

Given its cash burn trajectory, Bravo Mining shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of US$152m, Bravo Mining's US$15m in cash burn equates to about 10% of its market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution.

Is Bravo Mining's Cash Burn A Worry?

On this analysis of Bravo Mining's cash burn, we think its cash runway was reassuring, while its increasing cash burn has us a bit worried. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. An in-depth examination of risks revealed 2 warning signs for Bravo Mining that readers should think about before committing capital to this stock.

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

Freeport-McMoRan (FCX) closed the latest trading day at $49.47, indicating a +0.59% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.24%.

Coming into today, shares of the mining company had gained 23.54% in the past month. In that same time, the Basic Materials sector gained 5.96%, while the S&P 500 gained 0.48%.

The upcoming earnings release of Freeport-McMoRan will be of great interest to investors. The company's earnings report is expected on April 23, 2024. The company's earnings per share (EPS) are projected to be $0.31, reflecting a 40.38% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $5.64 billion, indicating a 4.67% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $23.72 billion, which would represent changes of -1.95% and +3.76%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Freeport-McMoRan. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.86% lower within the past month. Freeport-McMoRan is holding a Zacks Rank of #3 (Hold) right now.

Looking at valuation, Freeport-McMoRan is presently trading at a Forward P/E ratio of 32.56. This indicates a premium in contrast to its industry's Forward P/E of 16.81.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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Zacks Investment Research

Teck Resources Ltd

VANCOUVER, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided unaudited first quarter 2024 steelmaking coal sales volumes and realized prices.

Our first quarter steelmaking coal sales were 5.9 million tonnes, in line with our guidance of 5.9 – 6.3 million tonnes. The realized steelmaking coal price in the first quarter averaged US$297 per tonne. We expect to report a negative provisional pricing adjustment of $94 million in the first quarter.

Our first quarter 2024 financial results are scheduled for release on April 25, 2024.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis 604.699.4621fraser.phillips@teck.com

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Not for distribution to U.S. news wire services or dissemination in the United States

WHITE ROCK, BC / ACCESSWIRE / April 4, 2024 / Honey Badger Silver Inc. (TSXV:TUF) ("Honey Badger" or the "Company"), further to its news release of March 20, 2024, Honey Badger is pleased to confirm that it is increasing the size of its previously announce offering. An additional up to 3,076,923 Flow-Through Shares will be issued in the offering at a price of $0.065 for additional aggregate gross proceeds of up to $200,000. These additional proceeds will be used to fund exploration programs on one or more of the Company's exploration properties located in the Yukon, Northwest Territories, and Nunavut that will qualify as "Canadian Exploration Expenses" and once renounced, "flow-through mining expenditures", as those terms are defined in the Income Tax Act (Canada). All dollar amounts are in Canadian funds.

The securities issued in connection with the offering will be subject to a four-month and a day hold period. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange. Finder's fees will be payable in the offering.

Caution to US Investors

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

About Honey Badger Silver Inc.Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver Indicated and 13.9 Moz of silver Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002. (2,3)

Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.

Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.

Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."

A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic tonnage estimate cannot be relied upon. Additional work, including verification drilling / sampling, will be required to verify the estimate as a current mineral resource.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO

For more information please visit our website www.honeybadgersilver.com or contact Ms. Michelle Savella for Investor Relations | msavella@honeybadgersilver.com | +1 (604) 828-5886.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, risks relating to the anticipated completion of the Offering, capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Honey Badger Silver Inc.

View the original press release on accesswire.com

Vancouver, British Columbia–(Newsfile Corp. – April 4, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") is pleased to announce that it has appointed Neil Duboff to its board of directors, effective immediately. Mr. Duboff is the director nominee of Norway House Creen Nation ("NHCN") pursuant to the Impacts and Benefits Agreement between Flying Nickel and NHCN dated effective March 2, 2023.

Mr. Duboff is the managing partner of the Winnipeg law firm Duboff Edwards Haight & Schachter and has been practicing law since 1985. His practice is focused primarily in the areas of Corporate Structuring, Acquisitions and Financing, Transportation Law and Aboriginal Law with an emphasis on taxation, trusts, Governments and Associations. Mr. Duboff acts for many First Nations across the country, as well as banks, First Nations development companies and First Nations businesses.

Mr. Duboff has been a frequent presenter at conferences throughout Canada, including the Canadian Association of Insurance and Financial Advisors (2001), the Smart Money Fairs, presented by the Winnipeg Free Press, the annual conference of the Native Trade and Investment Association and First Nation Taxation Program, presented by Current information Ltd. and Group Mindset. Mr. Duboff has been an instructor of trust and estate planning in various school divisions as well as Red River Community College, CUPE, the City of Winnipeg and the Winnipeg School Division.

Recognizing the importance of being involved in our community, Mr. Duboff also sits on and takes an active role in many nonprofit organizations throughout the country, including the Native Association of Trust Officers Society Trust and Estate Planners (STEP).

Mr. Duboff is past chair of the Saint Boniface Hospital Foundation, and serves as a trustee of the City of Winnipeg Pension Fund. He has Chaired the Regulated Health Care Professions Council for the Province of Manitoba and formerly sat on the Public Utilities Board.

About Flying Nickel

Flying Nickel is a nickel sulphide exploration-stage mining company. The Company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John LeeChief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204272

Trading Symbol: ELR (TSX); EPS (JSE)

VANCOUVER, BC, April 4, 2024 /CNW/ – Eastern Platinum Limited ("Eastplats" or the "Company") announces that, further to its news release dated March 18, 2024, it did not file its annual audited financial statements for the fiscal year ended December 31, 2023 and the related management's discussion and analysis and annual information form for the fiscal year ended December 31, 2023 (the "Required Filings") by the deadline of April 1, 2024. The Company made an application to the provincial securities commissions under National Policy 12-203 Cease Trade Orders ("NP 12-203") and has received a Management Cease Trade Order (the "MCTO") in respect of the late filing. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's Chief Executive Officer, Chief Financial Officer and such other directors, officers and persons as determined by the applicable regulatory authorities, will not be able to trade the Company's shares.

Eastern Platinum logo (CNW Group/Eastern Platinum Ltd.)

The Company currently expects to file its audited financial statements for the fiscal year ended December 31, 2023 and the related management's discussion and analysis as soon as practicable. Until then, the Company intends to comply with the provisions of the alternative information guidelines as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release.

About Eastern Platinum Limited

Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.

Cautionary Statement Regarding Forward-Looking Information

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

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/04/c8121.html

Shortly after Canada evicted Chinese investors from certain critical minerals assets, the U.S. Department of Defense began developing its own AI program to estimate critical mineral prices and predict supplies as it pushes to jumpstart U.S. production that is essential to long-term national and energy security.

North America is at a critical junction, and the ground beneath Case Lake in northeastern Ontario holds the prospect of helping to secure one mineral in particular—the lack of which poses a significant security problem.

The metal is cesium (Cs), and the Canadian company that just launched a new drilling campaign at Case Lake targeting what could end up being the world’s only new source of this rare mineral has been at the center of an East-West struggle for control of future supply.

As Power Metals Corp (TSXV:PWM,OTC: PWRMF) drills down into Case Lake’s known lithium, tantalum and cesium deposits, it’s become a focal point of North America’s push to secure domestic supply and keep it out of dominating Chinese hands.

Cesium is central to the United States’ goal of winning the 5G race, it plays a key role in aircraft guidance systems, oil and gas drilling, and global positioning satellites.

Cesium is the rarest and most electropositive of five naturally occurring alkali metals, but it is not mined in the United States, which is completely dependent on imports.

And now, this critical metal is the sweetener at Power Metal’s Case Lake lithium play and it’s also the centerpiece of a supply power struggle between China one hand, and Australia and North America on the other.

When the Canadian government in November 2022 ordered the Chinese to divest from three critical minerals mining companies, Power Metals was one of them.

That move left Power Metals in control of two key assets: a potentially high-quality lithium mine and what could end up being the only functioning cesium mine in the world that China doesn’t own.

It also saw an Australian lithium juggernaut jump into the fray to scoop up the Chinese stake, and then increase that stake three times since.

Now, Power Metals is in the middle of another drilling campaign at Case Lake, and results of assays for lithium-tantalum-cesium (LTC) are expected in the coming weeks.

The Chinese jumped in after Power Metals stumbled on cesium while it was drilling for lithium. The Australians were quick to step in for the same reason. Others could soon be circling around this play.

Drilling Down at the Case Lake Discovery

The Case Lake Property, in northeastern Ontario, close to the border with Quebec, consists of 585 cell claims covering some 95 square kilometers with 14 granitic domes and a pegmatite swarm of six spodumene dikes that form a mineralization trend extending for 10 kilometers.

Power Metals (TSXV:PWM,OTC: PWRMF) is drilling 15,700 meters here between 2017 and 2022, primarily targeting lithium, and leading to a world-glass, high-grade lithium discovery of over 4% at shallow, open depths. The unexpected sweetener was a rare cesium discovery, with grades as high as 24% over good intervals—some of the highest-grade cesium found in decades, similar to Australia’s famous Sinclair Mine, according to Power Metals.

But it wasn’t only the high-grade showings of lithium and cesium that attracted first Chinese attention, and then Australian (with a little help from a Canadian government that is very keen to keep critical metals out of Chinese hands) …

It was the anticipated cost of extraction.

Power Metals’ Case Lake property is, unlike the average Canadian mining venue, surrounded by infrastructure in place, including cell phone signals, and it’s accessible year-round.

It’s also exposed on the surface and running as shallow as under 50 meters deep in parts. From a cost-perspective, geology here is helping to de-risk itself.

Those discoveries were further bolstered by another in September 2023, when Power Metals announced the discovery of new pegmatite dikes, confirming the presence of a 10-15-meter wide spodumene bearing pegmatite strike with Lithium content as high as 1.12%.

On February 29, Power Metals launched its new drill campaign at Case Lake, with plans to drill a total of 4,000 meters to delineate and extend Lithium-Cesium-Tantalum (LCT) mineralization along the geological strike and down-dip of Case Lake’s known mineralization.

“We are very excited to be back at Case Lake and look forward to a successful launch of our winter 2024 exploration program. We believe in the exploration upside at Case Lake, one of the few projects in the world that contain Cesium mineralization in Pollucite and look forward to drill test the high priority exploration targets our team have been able to identify,” Power Metals Chairman Johnathan More, said in a press release.

“The current drilling has identified coarse spodumene mineralization between 2cm – 10cm grain size, these zones displayed between 6% – 15 % spodumene mineralization that occur in a series of stacked pegmatites at Main Zone,” the company said.

Last week, drilling moved to West Joe at Case Lake to test mineralization extensions to the high-grade cesium mineralization found during the 2017-2022 drilling.

The news flow for Power Metals is expected to pick up pace now, with new acquisitions keeping pace and first results from the new drilling campaign expected towards the end of April.

On the acquisition side, Power Metals on March 19 staked the Pelletier Project, with 337 mineral claims over a total surface area of 7,000 hectares in northeast Ontario. Pelletier, another lithium – cesium – tantalum play, has seen previous work done the Ontario Geological Survey, showing evolved granitic pegmatites with anomalous rubidium, cesium, and the potassium to rubidium ratio.

New Drill Campaign with Australian Lithium Giant on Board

In 2022, when Canada forced the Chinese to divest its stake in Power Metals, Australia’s Winsome Resources (ASX:WR1) was quick to grab Chinese mining giant Sinomine Resource Group’s 5.7% stake, and then raise it twice. Today, Winsome owns 19.59% and has a seat on the board, lending Australian lithium and cesium expertise at a critical time.

This is war, and it’s very territorial.

Global technological dominance is at stake here. The U.S. cannot win the 5G race without cesium, nor can it manufacture aircraft guidance systems or global positioning satellites—all key elements that define geopolitics and the global balance of power.

Against this backdrop, Case Lake becomes a highly strategic asset. Cesium is an elite and rare critical metal, and there are only three cesium mines in the world. Australia's Sinclair cesium mine extracted its last cesium in 2019. The Tanco mine in Manitoba, Canada, shut down after a collapse in 2015. The Bikita mine in Zimbabwe was depleted in 2018. That leaves Power Metals (TSXV:PWM,OTC: PWRMF) with potentially the only new cesium mine in the world. The Chinese know it. The Australians know it. By the end of April when the next results come in from the 2024 drilling campaign, everyone will know it.

Other companies to keep an eye on:

BHP Group's (NYSE:BHP) expansive operations encompass a diverse range of mining assets. In Australia, the company operates major iron ore mines in the Pilbara region of Western Australia, which account for a significant portion of global iron ore production. BHP also has copper, coal, and nickel operations in Australia, as well as substantial energy assets, including oil and gas fields. In North and South America, the company has copper and iron ore mines in Chile, Peru, and Colombia, as well as coal operations in the United States. BHP's global reach and diversified portfolio of commodities allow it to meet the demands of customers around the world and contribute to the global supply of essential resources.

BHP Group is committed to operating in a responsible and sustainable manner. The company recognizes the importance of environmental protection and has implemented various initiatives to reduce its environmental impact. BHP has set ambitious targets to reduce its greenhouse gas emissions and has invested in technologies to improve water usage efficiency. The company also works closely with local communities to minimize the social and environmental impacts of its operations. BHP's commitment to sustainability has been recognized by various organizations, including the Dow Jones Sustainability Index, which has ranked BHP as a global leader in sustainability for several consecutive years.

BHP Group's focus on sustainability is not only beneficial for the environment but also aligns with growing consumer and investor demand for ethically sourced and environmentally friendly products. By prioritizing sustainability, BHP is positioning itself as a leader in the mining industry and demonstrating its commitment to long-term value creation for its stakeholders. The company's commitment to sustainability is a key differentiator and a source of competitive advantage in an industry that is increasingly focused on environmental and social responsibility.

Lithium Americas (NYSE:LAC) is a lithium mining company headquartered in Vancouver, Canada. The company was founded in 2007 and has since become a major player in the global lithium market. Lithium is a key component in the production of batteries for electric vehicles (EVs) and other electronic devices, and demand for lithium is expected to grow significantly in the coming years. Lithium Americas has a number of projects in development, including the Thacker Pass lithium mine in Nevada, which is one of the largest known lithium deposits in the world.

Lithium Americas is well-positioned in the global lithium market. The company has a number of promising projects in development, and it has recently secured significant investments and partnerships. Lithium Americas is well-positioned to benefit from the growing demand for lithium and could be a major supplier to the EV industry in the coming years.

Despite its strong position, Lithium Americas faces some challenges. These include the need to secure funding for its projects and the risk of delays in permitting and construction. The company also faces competition from other lithium producers, such as Albemarle and Sociedad Quimica y Minera de Chile (SQM). However, Lithium Americas is well-positioned to overcome these challenges and become a major player in the global lithium market.

Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company headquartered in Charlotte, North Carolina. The company operates in three segments: Lithium, Bromine Specialties, and Catalysts. Albemarle is the world's largest producer of lithium, a key component in electric vehicle batteries. The company also produces a variety of other specialty chemicals, including bromine, catalysts, and pharmaceuticals.

Albemarle was founded in 1887 as the Albemarle Paper Manufacturing Company. The company initially produced paper and pulp, but it diversified into other chemicals in the 1960s. In 1994, Albemarle merged with Ethyl Corporation, a producer of specialty chemicals. The combined company was renamed Albemarle Corporation.

In recent years, Albemarle has benefited from the growing demand for lithium-ion batteries. The company has invested heavily in expanding its lithium production capacity. In 2021, Albemarle announced plans to invest $500 million in a new lithium hydroxide plant in North Carolina. The plant is expected to be operational in 2025. Albemarle is also exploring other opportunities to expand its lithium business, including potential acquisitions.

Piedmont Lithium Limited (NASDAQ:PLL) is an Australian lithium mining company focused on developing its flagship asset, the Piedmont Lithium Project in North Carolina, United States. The Piedmont Lithium Project is a spodumene-rich lithium deposit that is expected to produce 30,000 tonnes of lithium hydroxide per year once operational. The company is also developing the Carolina Tin-Lithium Project in North Carolina, which is home to one of the largest undeveloped hard rock lithium deposits in the United States.

Piedmont Lithium has made significant progress in recent years. In 2021, the company completed a pre-feasibility study for the Piedmont Lithium Project, which confirmed the project's economic viability. The company also secured a $75 million investment from Koch Industries, which is one of the largest private companies in the United States. This investment will help Piedmont Lithium to advance the development of its projects. In 2022, the company announced that it had entered into a partnership with LG Chem, a global leader in battery manufacturing. This partnership will help Piedmont Lithium to secure long-term offtake agreements for its lithium products.

Piedmont Lithium is well-positioned to benefit from the growing demand for lithium. Lithium is a key component of batteries used in electric vehicles and other electronic devices. The demand for lithium is expected to grow significantly in the coming years as the world transitions to a clean energy economy. Piedmont Lithium is one of the few companies that is developing lithium projects in the United States, which is a major advantage. The company is also well-funded and has a strong management team. Piedmont Lithium is a promising company with the potential to become a major player in the global lithium market.

MP Materials Corp. (NYSE:MP) is a publicly traded company headquartered in Las Vegas, Nevada. The company's Mountain Pass mine in California is the only fully integrated rare earth mining and processing facility in the United States. This gives MP Materials a significant competitive advantage and enables it to provide customers with a reliable and secure supply of rare earth materials.

MP Materials produces rare earth oxides and metals, which are essential components in a wide range of applications, including electric vehicles, smartphones, and renewable energy technologies. The company is a vertically integrated producer, meaning it controls all stages of the production process, from mining to refining to manufacturing. This allows MP Materials to ensure the quality and consistency of its products and to meet the specific needs of its customers.

In recent years, MP Materials has made significant investments in its Mountain Pass mine and processing facilities. The company has also expanded its product portfolio and entered into strategic partnerships with leading technology companies. These developments have positioned MP Materials as a global leader in the rare earth industry. The company is well-positioned to benefit from the growing demand for rare earth materials, driven by the transition to a clean energy economy. MP Materials is a leading supplier of rare earth materials to the global technology industry.

Rare Element Resources Ltd. (TSX:RES) is a Canadian exploration and development company focused on rare earth elements (REEs). The company's flagship project is the Bear Lodge project in Wyoming, which contains one of the largest undeveloped REE deposits in the world. The Bear Lodge project has the potential to produce a variety of REEs, including neodymium, praseodymium, dysprosium, and terbium. These REEs are critical to the production of clean energy technologies such as electric vehicles and wind turbines.

In addition to the Bear Lodge project, REE is also developing the Separation Rapids project in Ontario. The Separation Rapids project contains niobium and REEs. Niobium is a metal that is used in the production of steel and superalloys. The Separation Rapids project has the potential to produce a significant amount of niobium, as well as REEs. REE is committed to sustainable and responsible mining practices. The company has developed a comprehensive environmental management plan for the Bear Lodge project that includes measures to protect water quality, air quality, and wildlife. REE is also working with local communities to ensure that the Bear Lodge project benefits the region.

REE has made significant progress on the Bear Lodge project. The company has completed a preliminary economic assessment (PEA) for the project, which outlined the potential for a large-scale, long-life mining operation. REE is currently working on a feasibility study for the project, which is expected to be completed in 2023. The company is also working to secure the necessary permits and approvals for the project. REE is well-positioned to become a leading producer of REEs to meet the growing demand for these materials in clean energy and technology applications.practices and has implemented a number of measures to minimize the environmental impact of its operations.

Avalon Advanced Materials Inc. (TSX:AVL) is a Canadian company that has made significant contributions to the development and manufacturing of specialty materials for various industries. The company specializes in functional materials like conductive inks and adhesives, as well as specialty chemicals such as phosphors and battery materials. Avalon Advanced Materials has established itself as a global leader in producing high-purity metals and alloys used in electronics, aerospace, and biomedical devices.

Avalon Advanced Materials has been focusing on expanding its portfolio of materials for the energy storage industry. The company is actively involved in the development of materials for lithium-ion batteries and solid-state batteries, which are critical components of electric vehicles and renewable energy systems. Avalon's commitment to innovation has resulted in the successful creation of advanced materials that enhance the performance and efficiency of energy storage solutions.

In addition to its core business, Avalon Advanced Materials has also ventured into other areas of materials science. The company has developed specialty coatings for the automotive and construction industries, providing enhanced protection against corrosion and wear. Avalon's expertise in materials engineering has enabled it to create innovative solutions that address specific challenges faced by various sectors, contributing to technological advancements and industrial progress.

First Quantum Minerals Ltd (TSX:FM) is a Canadian-based mining and metals company with a focus on copper, nickel, gold, and zinc production. The company operates mines and projects in various countries, including Zambia, the Democratic Republic of Congo, Mauritania, Finland, Spain, Turkey, Argentina, and Peru.

First Quantum Minerals is a significant player in the global mining industry, with a track record of successful exploration, development, and operation of mining projects. The company's operations contribute to the economic development of the countries in which it operates, creating jobs and generating tax revenue. First Quantum Minerals also maintains a strong commitment to environmental stewardship and sustainable practices, implementing various initiatives to minimize the environmental impact of its operations.

The company's focus on copper, nickel, gold, and zinc production is driven by the increasing global demand for these metals. Copper is a vital component in electrical and electronic products, while nickel is used in the production of stainless steel and other alloys. Gold is a precious metal with a long history of use in jewelry and as a store of value, and zinc is used in a wide range of applications, including galvanizing steel, producing batteries, and manufacturing rubber. First Quantum Minerals' production of these metals plays a crucial role in meeting the global demand for these essential materials.

Allkem Limited (TSX:AKE) is an Australian mining company that was formed in 1993. The company primarily focuses on the production and exploration of lithium, a critical mineral used in electric vehicle (EV) batteries. Allkem operates several lithium mines and projects in Australia, Argentina, and Canada, with a significant presence in the Salar de Atacama, one of the world's richest lithium brine deposits.

Allkem's operations span the entire lithium value chain, from exploration to production and refining. The company has a strong track record of successful exploration and development, having discovered and developed several major lithium deposits. Allkem's portfolio includes the Olaroz lithium brine project in Argentina, the James Bay lithium project in Canada, and the Mt Cattlin spodumene mine in Australia. These operations are expected to contribute significantly to the global supply of lithium in the coming years.

Allkem's work is important because of the critical role that lithium plays in the clean energy transition. Lithium is a key component in EV batteries, which are essential for reducing greenhouse gas emissions and mitigating climate change. As the world shifts towards sustainable transportation, the demand for lithium is expected to soar. Allkem's operations will contribute to meeting this demand by providing a reliable and sustainable supply of lithium to battery manufacturers.

Teck Resources Limited (TSX:TECK) is a diversified mining company headquartered in Vancouver, Canada. It is one of the world's largest producers of zinc and copper and also produces other commodities such as coal, lead, and silver. Teck operates mines and processing facilities in Canada, the United States, Chile, and Peru.

Teck's zinc operations are located in Canada, the United States, and Peru. The company is the world's second-largest producer of zinc, with a production capacity of over 800,000 tonnes per year. Teck's zinc is used in a variety of applications, including galvanized steel, batteries, and chemicals.

Teck's operations are also significant for their contribution to the global supply of battery metals. Zinc is a key component of many types of batteries, including lead-acid batteries and nickel-zinc batteries. Teck's zinc production is therefore essential for the growing demand for batteries in electric vehicles and other applications.

By. Tom Kool

IMPORTANT NOTICE AND DISCLAIMER FORWARD LOOKING STATEMENTS.

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the Canadian mining sector will continue to protect its supply of critical minerals without involvement of China; that cesium and other metals will remain as critical minerals will continue as a national security issue for Western countries; that access to rare metals, and in particular cesium, will be essential to gaining technical superiority; that cesium and other rare earth metals will continue to be a critical for use in various technologies, including the 5G cellular and wireless technologies; that cesium will continue to be a critical mineral and considered as matter of national security for Western countries; that Power Metals Corp. (the “Company”) and its all-Western investors will be in control of the only cesium mine that China does not own; that the Company’s properties will be able to commercially produce cesium, lithium, tantalum and other critical minerals; that the Company will be able to finance and operationally establish mines on its properties to viably and commercially extract the critical minerals; that Australian shareholders and investors in the Company will provide development and other expertise to assist the Company; that Winsome Resources will continue to own a significant stake in the Company; that the Company’s property will one day have one of the only potential mines producing cesium; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the development of alternative technologies that do not require the use of metals and resources currently considered as critical; that other resources are utilized in future in favour of rare earth metals such as cesium; that alternative technologies utilize other resources or that cesium, lithium, and tantalum are not utilized; that other companies discover resources of cesium and other battery metals that are more favorable or more easily developed into commercial production that the Company’s property; that the Company’s properties are unable to produce commercial amounts of cesium, lithium, tantalum or other critical metals; that the Company will be unable to finance or operationally establish mines on its properties for commercial extraction of any critical minerals; that the Company’s Australian investors will not be able to provide development and other expertise to meaningful assist the Company; that Winsome Resources may for various reasons divest its stake in the Company in future; that the Company’s properties may fail to develop mines producing cesium; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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Canada Carbon Inc.

Toronto, Ontario, April 03, 2024 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company" or "Canada Carbon" or "CCB") (TSX-V:CCB),(FF:U7N1) is very pleased to announce a Maiden Mineral Resource Estimate (MRE) for its flagship 100% owned Asbury Graphite Project located 80 kilometres (“km”) NNE of Gatineau, near Notre-Dame-du-Laus, Québec. The Resource Estimate was prepared pursuant to Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) by the independent firm SGS Canada Inc. (“SGS”) of Blainville, Quebec. The Maiden Resource Estimate consists of an inferred resource of 4.14 Mt with an average grade of 3.05% Cg, within the boundaries of an optimized open pit model. A Technical Report supporting the Resource Estimate will be filed to SEDAR within 45 days, as required by NI 43-101.

TABLE 1: GRAPHITE MINERAL RESOURCES

Cut-off Grade (%Cg)	Resource Category	Tonnage (Mt)	Average Grade (%Cg)	Contained Graphite (t)
1.00	Inferred	4.14	3.05	126,000

The classification of the current Mineral Resource Estimation into Inferred is consistent with current 2014 CIM Definition Standards – For Mineral Resources and Mineral Reserves

A fixed density of 2.80 t/m3 was used to estimate the tonnage from block model volumes.

Resources are constrained by the pit shell and the topography of the overburden layer.

The results from the pit optimization are used solely for the purpose of testing the “reasonable prospects for economic extraction” by an open pit and do not represent an attempt to estimate mineral reserves. There are no mineral reserves on the Property. The results are used as a guide to assist in the preparation of a Mineral Resource statement and to select an appropriate resource reporting cut-off grade.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resources has a lower level of confidence than that applying to a Measured and Indicated Resources and must not be converted to a Mineral Reserves. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.

Effective date March 28th 2024.

The estimate of mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.

The Company has thus far completed sufficient diamond drilling and bedrock channel sampling to result in a resource estimation with a maximal depth of the pit at 135 vertical meters. Geological modeling based on the drill results, surface trenching and mapping indicates that the deposit remains open at depth and on both strike extensions. The geological model also provides multiple exploration targets with the potential to further expand the graphite mineral resources. The portion of the Asbury Project which is the subject of the Resource Estimate occupies only about 7 % of the geophysical anomaly on the Asbury claim area held by the Company.

Canada Carbon Chief Executive Officer, Mr. Ellerton Castor remarked, “The substantial resource identified by the targeted drill programs of 2022 and 2023 reveals a promising scope for extensive mineralization across the claim area. The initial resource model will provide a robust foundation for all future exploration efforts on the Property. This MRE demonstrates the significant exploration upside available at Asbury. We have always believed that the Asbury Project has the potential to be a large, scalable deposit with the capacity to provide a long-term, secure source of supply to a myriad of industries participating in the green energy economy. We will continue to prove that out, with future de-risking initiatives such as a bulk sample program and battery cell testing.”

Mineral Resource Estimation Parameters

The Mineral Resources were estimated by Yann Camus, P.Eng., of SGS with an effective date of March 28, 2024. This estimate is the first Mineral Resource Estimate on the Asbury property. The Mineral Resources were estimated using the following geological and resource block modeling parameters which are based on geological interpretations, geostatistical studies and best practices in mineral estimation:

Graphite Mineral Resources

Mineral Resources were estimated from the diamond drill holes and channels analytical results completed by Canada Carbon in 2022 and 2023, along with two nearby 1988 drill holes. A total of 17 drill holes (11 from 2023, 4 from 2022, 2 from 1988) and 1 channel were used for the MRE, comprising 1,309 assay intervals. The complete database consists of 101 drill holes (including 13 from 2023 and 6 from 2022) and 14 channels/trenches (including 11 channels from 2022), comprising 2,158 assays.
The 3-D modeling of the graphite Mineral Resource was conducted using a minimum cut-off grade of 0.50 %Cg over a 5 m length. All modeling and estimations were done using SGS’s proprietary modeling software Genesis©.
Assay data was composited to about 2 m without leaving remainders.
The interpolation was conducted using inverse distance squared.
The block model was defined with a block size of 5 m long by 1 m wide by 2 m thick and covers a strike length of approximately 1050 m to a maximal depth of 175 m below surface. The modeled graphite mineralization is open both at depth and strike.
The Mineral Resources were constrained within the boundaries of an optimised pit shell using the parameters stated in Table 2 below. All parameters are derived from similar graphite projects. Any interpolated blocks of the resource model located outside of the optimised pit shell are not included in the Mineral Resources Estimate.
All dollar values in Table 2 are expressed in Canadian dollars, except for the revenue value for the thermally treated graphite, assumed to be US$ 40,000/tonne.

TABLE 2: PARAMETERS USED TO MODEL OPTIMIZED GRAPHITE RESOURCES

Parameters	Value	Unit
Mining Cost – Mineralized Material	5.00	CDN$/t mined
Mining Cost – Waste	4.00	CDN$/t mined
Mining Dilution	5	%
Mining Recovery	95	%
Processing + G&A Costs	13.65	CDN$/t milled
Metal Price	2,500.00	CDN$/tonne
Concentration Recovery	90	%
Pit Slopes	50	degrees
Density of Mineralized Material	2.80	t/m3
Density of Waste	2.80	t/m3

Asbury Project Overview

The 100%-owned Asbury Graphite Project is a past producing property made up of 25 claims with a total surface area of 1,384.59 ha. It is located 8.1 km northeast of Notre-Dame-Du-Laus in the Laurentides Region of southern Quebec. The property is accessible via gravel roads from Provincial Road 309 and Chemin du Ruisseau Serpent in the Notre-Dame-du-Laus area. A power transmission line runs through the property. Mont-Laurier, located approximately 44 km north, provides all amenities needed to perform basic mineral exploration, such as a hospital, accommodations, restaurants, groceries and other primary services. Additional amenities for exploration, and a seasoned mining and exploration workforce, are available from nearby towns of Gatineau to the south.

Qualified Person

Mr. Yann Camus, P.Eng., from SGS Geological Services, an independent Qualified Person as defined by National Instrument 43-101 guidelines and has reviewed and approved the technical related content of this news release.

CANADA CARBON INC. “Ellerton Castor”Chief Executive Officer and Director Contact Information E-mail inquiries: info@canadacarbon.com P: (905) 407-1212

FORWARD LOOKING INFORMATION This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking information in this press release includes statements regarding the development of the Company’s Miller deposit and financing thereof, the entering of the joint venture with Irondequoit Offering, future production from the Company’s Miller deposit, sales agreements and other matters related thereto. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: compliance with extensive government regulations; financial abilities; the ability to develop the Miller deposit; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; the impact of COVID-19; and general business, economic, competitive, political, and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

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.

The key to long-term North American security has become inextricably tied to critical minerals such as lithium, graphite, nickel, cobalt, copper and rare earths elements.

Without them, there will be no energy transition.

And China dominates the entire playing field.

That dire situation has prompted a host of new legislation in both the United States and Canada—all designed to position North America to shift market share from China.

That situation means that the junior explorers and producers sitting on critical mineral deposits are now forming the backbone of North America’s national security rethink.

Every policy going forward is designed to bolster their operations and non-Chinese investment in those operations.

In November 2022, the Canadian government ordered three Chinese firms to divest from their Canadian mining investments. Then, late last year, the government implemented the Investment Canada Act (ICA) and the Critical Minerals Strategy to reduce Chinese economic influence and reboot investment in critical miners as a measure of national security.

That move left Canadian miner Power Metals Corp (TSXV:PWM,OTC: PWRMF) in control of two key assets: a potentially high-quality lithium mine and what could end up being the only functioning cesium mine in the world that China doesn’t own.

Canada wants new critical minerals, and it wants their development fast-tracked.

In February, Canadian Energy Minister Jonathan Wilkinson told Reuters that Ottawa was focusing on six critical minerals for electric vehicles and wind turbines—lithium, graphite, nickel, cobalt, copper and rare earths elements, and that it planned to boost energy security by significantly reducing the time it takes to develop them.

In fact, Canada is hoping to slash development time by nearly a decade.

And an essential element of the new critical minerals security strategy is to combat China, which has been using its soft power to scoop up strategic critical mineral assets in North America.

The first step was forcing Chinese companies to divest their ownership in Canadian critical minerals.

Power Metals spent the second half of 2023 developing an understanding of the large property and mineral discoveries made at their strategic Case Lake play with airborne geophysical surveys, field-based prospecting and mapping programs.

They’ve also made several additional land acquisitions in 2023 and 2024, with a continued focus in lithium, cesium and tantalum, taking on Winsome Resources as a 19.59% partner.

Power Metals has drilled over 15,000 meters to date and its most recent drilling campaign just launched in late February this year, eyeing Canada’s most critically strategic minerals against the backdrop of the most attractive new investment scenario the sector has ever seen in North America.

Case Lake: China’s Loss, North America’s Gain

Power Metals’ flagship exploration project has been described by the company’s Chairman as a “geologist’s dream” and the equivalent of “prime real estate on Park Avenue”.

Almost every mineral discovery in Canada has been undertaken in the remotest of areas. But unlike most mining venues, Case Lake is accessible year-round, with all infrastructure in place—right down to elusive cell phone signals.

Case Lake is one of the most inexpensive properties to drill in Canada, according to Power Metals.

While the access makes it significantly easier and cheaper, that is only half of the story.

The cesium, lithium, and tantalum intersections here are in pegmatite that is exposed on the surface and running so shallow that it is less than 50 meters deep in various areas.

And the high-grade cesium it holds in its folds is said to be similar to Australia’s famous Sinclair Mine.

That’s why Australian money stepped in when the Canadian government forced the Chinese out.

Australia's first commercial cesium mine, Sinclair, extracted its last cesium in 2019. And it’s one of only three in the world. The other two are the Tanco mine in Manitoba, Canada, and the Bikita mine in Zimbabwe. Tanco shut down after the mine collapsed in 2015, and Bitika was depleted in 2018.

That renders Case Lake a highly strategic property on a national security level.

It also makes Case Lake highly attractive to Western buyers.

Australia’s Winsome Resources (ASX:WR1) which jumped at the chance in November 2022, when they moved to scoop up Chinese mining giant Sinomine Resource Group’s 5.7% stake in Power Metals. Since then, they’ve raised that stake twice—first to 10.7% and more recently to 19.59%.

What the Chinese Were Eyeing

Now everyone knows what the Chinese knew from the beginning: Power Metals’ (TSXV:PWM,OTC: PWRMF) Case Lake property is of significant strategic importance.

The Case Lake Property, in northeastern Ontario, close to the border with Quebec, consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, Larder Lake Mining Division.

Covering some 95 square kilometers with 14 granitic domes, the Case Lake pegmatite swarm consists of six spodumene dikes known as the North, Main, South, East and Northeast dikes on the Henry Dome, and the West Joe dike on a new dome. Together, these dikes form mineralization trend that extends for some 10 kilometers.

Between 2017 and 2022, Power Metals drilled a total of 15,700 meters of core at Case Lake.

They were primarily targeting lithium, with new lithium and tantalum discoveries. Its world-class, high-grade lithium discovery of over 4% at shallow, open depth was already making waves and earning Chinese attention prior to 2022.

But while it was drilling for this lithium and tantalum, Power Metals made a surprise discovery of rare cesium at Case Lake’s West Joe Dyke.

This is some of the highest-grade cesium found in decades, with grades as high as 24% over good intervals.

– 24.07% Cesium over 1 meter

– 20.36% Cesium over 1 meter

– 22.22% Cesium over 2 meters

– 7.65% Cesium over 7.09 meters

Those were the results that prompted the Chinese to pounce on Power Metals.

In September last year, Power Metals further boosted is findings with the discovery of new pegmatite dikes in close proximity to Dome Nine, confirming the presence of a 10-15-meter wide spodumene bearing pegmatite strike with Lithium content as high as 1.12%, along with a new pegmatitic tonalite identified just southwest of the West Joe Zone.

Cesium is central to the United States’ goal of winning the 5G race, it plays a key role in aircraft guidance systems, oil and gas drilling, and global positioning satellites.

And despite its importance, all the known cesium deposits around the world have either been depleted, or the mines have been rendered inoperable.

All of this could leave Power Metals and its Case Lake project as one of the most unique and exciting natural resource plays in the world today.

But what the Chinese were eyeing before they were evicted is now an even better story as the 2024 drilling campaign gets underway.

The 2024 Drilling Campaign That Could Boost Canada’s Critical Minerals Power

Power Metals launched its new drill campaign on February 29, deploying a diamond drill rig at its 100% owned Case Lake Property.

The campaign will drill a total of 4,000 meters to delineate and extend Lithium-Cesium-Tantalum (LCT) mineralization along the geological strike and down-dip of Case Lake’s known mineralization.

Last week, drilling moved to West Joe at Case Lake to test mineralization extensions to the high-grade cesium mineralization found during the 2017-2022 drilling.

Results are expected in late April from the first round of assays from the new drilling campaign.

And it’s also acquiring new ground elsewhere, building on its success so far at Case Lake.

On March 19, Power Metals (TSXV:PWM,OTC: PWRMF) staked the Pelletier Project, with 337 mineral claims over a total surface area of 7,000 hectares in northeast Ontario, approximately 50 km south of Hearst.

This is another project characterized by lithium – cesium – tantalum, and previous work on this play completed by geologists from Ontario Geological Survey in 2003 reported evolved granitic pegmatites with anomalous rubidium, cesium, and the potassium to rubidium ratio, indicating the potential for LCT pegmatites.

The new project is also just 30 kilometers south of the Lowther pegmatite field, where Brunswick Exploration conducted exploration drilling at the Decoy and Moskito pegmatites.

China knew the significance of Case Lake, and Australia was quick to step in when the Chinese were evicted.

Australia’s Winsome Resources, which now owns a nearly 20% stake in Power Metals, is a lithium juggernaut, and it’s hedging its bets on Power Metals. Not only did Winsome scoop up the Chinese stake in this Canadian critical metals miner, but it also grabbed the off-take rights to future production.

Global eyes are on this critical project—and not just because of the lithium, tantalum and cesium prospectivity …

The China-Australia scramble for these assets have as much to do with the easy accessibility and treasure trove so close to the surface. That means cheap drilling for lithium and one of the world’s rarest and most critical elements—cesium, which is not mined anywhere else in the world right now.

With a key Australian lithium player now behind Power Metals, and with Winsome now occupying a seat on the Power Metals board, an additional layer of critical minerals expertise is further shoring up the discovery and exploration prowess at one of North America’s most important new discoveries. Late April is poised to bring us the results of the current drilling campaign, and many eyes will be on Power Metals between now and then.

Other companies to keep an eye on:

Compass Minerals International (NYSE: CMP), headquartered in Overland Park, Kansas, remains a leading provider of essential minerals, solidifying its position with consistent performance and strategic growth initiatives. Since the previously mentioned reference, the company has made significant advancements in its operations, product offerings, and sustainability efforts.

One notable development is Compass Minerals' continued focus on innovation in the lithium extraction sector. Recognizing the burgeoning demand for lithium in electric vehicle batteries, the company has accelerated its efforts to extract lithium from its existing operations in Utah. By leveraging its existing infrastructure and expertise in brine extraction, Compass Minerals aims to become a major player in the sustainable lithium market, catering to the needs of the rapidly expanding clean energy industry.

Furthermore, Compass Minerals has expanded its product portfolio by introducing new and innovative solutions. Notably, the company has developed a range of specialty salts for various industrial applications, including pharmaceuticals, food additives, and water treatment. These value-added products have not only strengthened the company's revenue streams but also enhanced its competitive advantage in specialized markets.

Freeport-McMoRan Inc. (NYSE:FCX), a leading mining company based in Phoenix, Arizona, has a global presence with significant reserves of copper, gold, and molybdenum. The company's operations span several countries, including Indonesia, the United States, and South America. With the growing demand for copper in renewable energy and electric vehicle technologies, Freeport-McMoRan is well-positioned to capitalize on the transition towards greener economies.

In addition to its core mining business, Freeport-McMoRan is actively involved in community engagement and environmental stewardship. The company has implemented various initiatives aimed at reducing its environmental footprint and promoting sustainable mining practices. These efforts include water management, biodiversity conservation, and emission reduction strategies. Freeport-McMoRan's commitment to responsible mining ensures compliance with environmental standards while contributing to the broader goal of sustainable development in the regions it operates.

One of Freeport-McMoRan's recent developments is the construction of the Lone Star copper mine in Arizona. The Lone Star mine represents a significant investment and is expected to be a major copper producer for the company. This project underscores Freeport-McMoRan's commitment to meeting the growing demand for copper in various industries, including renewable energy and electric vehicles.

Rio Tinto (NYSE:RIO), a global mining and metals powerhouse, continues to be a formidable player in the industry. Headquartered in the United Kingdom and Australia, the company has a far-reaching global presence spanning approximately 35 countries. Its diverse portfolio encompasses a wide range of commodities, including aluminum, copper, diamonds, coal, iron ore, and uranium. Rio Tinto's impressive asset base is complemented by solid market fundamentals, particularly in the copper and iron ore markets, making it an attractive investment opportunity.

In recent years, Rio Tinto has made significant strides in integrating innovative technologies and sustainable practices into its operations. The company recognizes the urgent need to reduce its carbon footprint and mitigate environmental impacts. To that end, Rio Tinto has invested heavily in renewable energy sources, such as solar and wind power, and has also implemented various measures to rehabilitate mining sites after extraction. This proactive approach to corporate responsibility and sustainability has not only set a benchmark for the mining industry but has also resonated with investors seeking companies aligned with ethical and environmentally conscious practices.

In addition to its ongoing commitment to sustainability, Rio Tinto has also been actively involved in mergers and acquisitions to strengthen its market position. In 2023, the company completed the divestment of its coal assets in Australia, marking a strategic shift towards a more sustainable portfolio. Furthermore, Rio Tinto has expressed interest in exploring opportunities in the battery metals sector, recognizing the growing demand for these materials in the transition to clean energy technologies. These strategic moves underscore Rio Tinto's agility in adapting to shifting market dynamics and its commitment to long-term growth and profitability.

FMC Corporation (NYSE: FMC), headquartered in Philadelphia, Pennsylvania, is a global agricultural sciences company that delivers innovative technology to farmers worldwide. While FMC is not a traditional mining company, its significant stake in lithium, a critical component in rechargeable batteries and other high-tech applications, sets it apart. Lithium is a strategic mineral in the transition to a clean energy future, and FMC's involvement in this sector positions the company for growth in the years to come.

FMC's commitment to innovation and sustainability is commendable. The company's agricultural products, such as crop protection solutions and plant nutrition technologies, contribute to increased crop yield and quality, addressing global food security challenges. In recent years, FMC has benefited from robust demand for its crop protection products, driven by higher commodity prices and strong agricultural market fundamentals.

Looking ahead, FMC is well-positioned to capitalize on several key trends. The growing global population and rising middle class are expected to drive increased demand for food, which will necessitate higher crop yields. Additionally, the transition to sustainable agriculture practices, such as precision farming and the adoption of biological crop protection solutions, presents significant opportunities for FMC. The company's commitment to innovation and sustainability, coupled with its strong product portfolio and geographic reach, make it well-positioned to navigate the challenges and seize the opportunities ahead.

Sociedad Química y Minera de Chile (NYSE:SQM) is a Chilean chemical and mining company that has been in operation for over 100 years. It is one of the world's largest producers of fertilizers, iodine, and lithium. SQM has operations in Chile, Argentina, Brazil, Peru, and the United States.

SQM has been facing several challenges, including falling commodity prices, environmental regulations, and political uncertainty in Chile. However, the company has also made several strategic investments, which have helped to position it for future growth.

One of the most significant recent developments for SQM is the acquisition of the lithium assets of Albemarle Corporation. This acquisition makes SQM the world's largest producer of lithium, a key ingredient in electric vehicle batteries. SQM is also investing in a number of other projects, including the development of a new potash mine in Canada and the expansion of its lithium operations in Chile.

Magna International (TSX: MG) offers a compelling and intricate approach for accessing the burgeoning commodities market, avoiding speculative investments in emerging high-growth stocks that captivate younger generations. Over a decade ago, Magna International displayed remarkable foresight by initiating substantial investments in the battery market when it was still in its nascent stage. Notably, at that time, the advent of electric vehicles as we know them had only recently entered the automotive landscape, with Tesla introducing its groundbreaking vehicle just two years prior.

Magna's strategic investment in batteries has proven remarkably successful. Since its bold and innovative decision, the company has witnessed an impressive surge in its valuation, amounting to tens of billions of dollars. This growth solidifies Magna International's position as a preeminent player in the intensely competitive battery industry.

Westport Fuel Systems Incorporated (TSX: WRPT) is not strictly a resource play, but it is an organization of significance to monitor as alternative fuel sources and novel energy forms gain prominence. This is especially relevant in light of the global transition away from traditional gasoline and diesel-powered vehicles. Although fundamentally a manufacturing company, Westport offers a distinct avenue for gaining exposure to the alternative fuels sector. As a critical producer of components necessary for constructing natural gas and other alternative fuel-powered automobiles, Westport warrants attention within this domain.

Westport Fuel has been consistently making significant strides in the market over the past year, culminating in tangible results. Since May 2020, the company has experienced a remarkable 322% increase in its stock price. With the potential for additional strategic alliances, such as the recent agreement with Amazon to supply natural gas-powered trucks, the stock exhibits promising growth prospects in the coming years.

In the realm of energy, a paradigm shift towards clean and sustainable sources is underway. A notable development in this regard is the increasing involvement of traditional fossil fuel producers in the pursuit of clean energy solutions. One such company is Suncor Energy (NYSE: SU, TSX: SU), a renowned oil producer that has emerged as a frontrunner in the clean energy space.

While many major oil companies have retreated from oil sands production, Suncor has embraced the challenges and opportunities associated with this sector. By focusing on technological advancements and sustainable practices, Suncor has secured a promising long-term outlook. Moreover, the company's current undervaluation relative to its peers presents an attractive investment opportunity.

Beyond its oil operations, Suncor has established a global leadership position in renewable energy innovations. A notable example is the company's recent investment of $300 million in a wind farm located in Alberta. Furthermore, as Canada transitions away from oil dependence, Suncor is well-positioned to capitalize on the country's abundant lithium reserves. The proximity of lithium deposits to Suncor's existing oil sands operations offers significant logistical and economic advantages.

China's rapid economic expansion has led to a significant increase in energy demand. CNOOC Limited (TSX: CNU), a leading oil and gas producer in China, is poised to benefit from this burgeoning demand. As the country's largest offshore crude oil and natural gas producer, CNOOC Limited has a strong foothold in the energy sector. Its strategic position allows it to tap into abundant hydrocarbon resources in China's offshore waters, giving it a competitive advantage. Additionally, the company's extensive infrastructure and expertise in exploration, development, and production enable it to efficiently extract and deliver energy resources to meet the growing needs of the Chinese economy.

Despite its strong position in the energy sector, CNOOC Limited has faced controversy due to geopolitical tensions between China and other countries. Concerns about the company's ties to the Chinese government and its potential role in geopolitical conflicts have raised eyebrows among investors. However, it's important to note that these controversies are largely external factors that do not directly impact the company's operations or financial performance. CNOOC Limited's robust business fundamentals and its strategic focus on meeting China's energy needs make it a compelling investment opportunity.

Boralex Inc. (TSX:BLX) is a leading renewable energy company in Canada, playing a pivotal role in the country's domestic renewable energy boom. The company's main focus is on wind, hydroelectric, thermal, and solar energy sources, providing clean and sustainable power to homes across Canada and other parts of the world, including the United States, France, and the United Kingdom. Boralex's commitment to renewable energy is evident in its various wind, solar, and hydroelectric projects. In Canada, the company operates several wind farms in Quebec, Ontario, and Alberta, generating clean electricity that reduces reliance on fossil fuels.

Boralex's renewable energy push extends beyond Canada, with a significant presence in other countries. In the United States, the company operates wind and solar farms in several states, contributing to the country's transition to cleaner energy sources. Boralex also has a strong presence in France, where it operates wind farms and hydroelectric plants, providing renewable energy to local communities. Additionally, the company has expanded into the United Kingdom, where it operates wind farms and is actively pursuing new renewable energy projects.

By. Michael Kern

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By Julian Luk and Joyce Lee

LONDON/SEOUL April 2 (Reuters) – Canadian miner Teck Resources has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal, according to two sources familiar with the matter.

Known as treatment charges (TCs), the fees paid for converting raw materials into zinc metals fall when mine output decreases as smelters have to compete for concentrate.

Korea Zinc declined to comment. Teck Resources said it "does not comment on commercial negotiations".

Teck and Korea Zinc are major players in the market for zinc used to galvanise steel for the construction industry.

Their annual agreement on yearly processing charges that miners pay smelters, for supply from Teck's Red Dog mine in Alaska, is often used as a benchmark by the industry.

The fee Teck has agreed with Korea Zinc has dropped 40% from $274 per ton last year and is the lowest since 2021.

Low zinc prices in recent months have led to mine closures, including Boliden's Tara operation in Ireland. Major mines like Glencore's McArthur River zinc and lead mine in Australia also recently suspended operations due to extreme weather conditions.

Korea Zinc, the world's biggest producer of both zinc and lead, bulk buys concentrate for a group of smelters including Seokpo, operated by Young Poong Corp, this year. (Reporting by Julian Luk and Joyce Lee; Editing by Mark Potter)

Vancouver, British Columbia–(Newsfile Corp. – April 2, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") is pleased to announce a Quarry project partnership (the "Quarry Project") with Norway House Cree Nation ("NHCN") taking place at the Company's 100% owned Minago nickel project (the "Minago Project") in the Thompson Nickel Belt, Manitoba.

The Quarry Project, which began in February 2024 and is expected to be completed in April 2024, consists of stripping limestone materials near surface carried out under Quarry Lease QL-2067 near the proposed mill site, located approximately 0.5 km west of the proposed open pit site for the Minago Project.

The Quarry Project is expected to provide approximately 7,500 tonnes of limestone construction material for NHCN community infrastructure projects, and along with the completion of two all-weather exploration roads (1.7km and 1.3 km respectively) for Flying Nickel, which will support future Minago exploration drilling programs.

Robert Van Drunen, Chief Operating Officer noted, "The Quarry Project demonstrates Flying Nickel's commitment to First Nations engagement and our valued partnership. The Quarry Project provides capacity building through training opportunities in skilled mining positions such as heavy equipment operation, drilling, crushing, surveying, blasting and trucking to local First Nation people."

The Quarry Project will also utilize a First Nation joint venture construction contractor pursuant to the Impact and Benefit Agreement signed between NHCN and Flying Nickel in March 2023 (see Flying Nickel's news release dated March 14, 2023 for further details).

NHCN is a significant Flying Nickel shareholder and the Minago Project is situated within the resource management area of NHCN.

About the Minago Project

Flying Nickel's 100% owned Minago nickel project, located in Canada's Thompson Nickel Belt currently has a National Instrument 43-101 ("NI 43-101") measured and indicated mineral resource of 44.2 million tonnes grading 0.74% Ni (722 million lbs contained nickel) and inferred mineral resource of 19.6 million tonnes also grading 0.74% Ni (319 million lbs contained nickel). Open-pit and underground mining is contemplated. Mineral resources that are not mineral reserves do not have demonstrated economic viability. For further details, see the technical report for the Minago project, completed by Mercator and AGP, with an effective date of February 28, 2022 and available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Qualified Person

The technical contents of this news release have been prepared under the supervision of and approved by Robert Smith, P.Geo. Mr. Smith is an independent consultant to the Company, and a "Qualified Person" as defined by NI 43-101.

About Flying Nickel

Flying Nickel is a nickel sulphide exploration-stage mining company. The Company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John LeeChief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding Flying Nickel's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. Forward-Looking information in this news release includes the statement concerning the expected timing for completion and benefits of the Quarry Project, and prospects for development of the Minago project.

Forward-Looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: changes in business plans and project schedules; ability to secure sufficient financing to advance the Company's project; maintaining cordial business relations with strategic partners and contractual counterparties; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; the risk that mineral resources that are not mineral reserves do not have demonstrated economic viability; ability to complete the Company's prosed merger with Nevada Vanadium Mining Corp. by plan of arrangement (the "Proposed Transaction"), as announced by press releases on October 5 and August 23, 2022 (collectively, the "Joint News Releases"); and general market, industry and economic conditions. See the Joint News Releases for further details about the Proposed Transaction and its associated risks. Further details about the risk factors concerning the proposed transaction are set out in such news releases. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis, available on SEDAR at www.sedarplus.ca.

Forward-Looking statements are based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking statements included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking statements in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203933

Freeport-McMoRan (FCX) closed the most recent trading day at $47.33, moving +0.66% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.2%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq gained 0.11%.

Shares of the mining company witnessed a gain of 23.97% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.88% and the S&P 500's gain of 3.32%.

Market participants will be closely following the financial results of Freeport-McMoRan in its upcoming release. The company's earnings per share (EPS) are projected to be $0.37, reflecting a 28.85% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.64 billion, reflecting a 4.75% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.53 per share and a revenue of $23.61 billion, representing changes of -0.65% and +3.29%, respectively, from the prior year.

Any recent changes to analyst estimates for Freeport-McMoRan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. Freeport-McMoRan is currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 30.74. For comparison, its industry has an average Forward P/E of 15.35, which means Freeport-McMoRan is trading at a premium to the group.

The Mining – Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 96, this industry ranks in the top 39% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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Zacks Investment Research

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Freeport-McMoRan (FCX), which belongs to the Zacks Mining – Non Ferrous industry.

This mining company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 25.22%.

For the last reported quarter, Freeport-McMoRan came out with earnings of $0.27 per share versus the Zacks Consensus Estimate of $0.21 per share, representing a surprise of 28.57%. For the previous quarter, the company was expected to post earnings of $0.32 per share and it actually produced earnings of $0.39 per share, delivering a surprise of 21.88%.

For Freeport-McMoRan, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Freeport-McMoRan currently has an Earnings ESP of +9.29%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

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

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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Zacks Investment Research

Freeport-McMoRan Inc. (NYSE:FCX) has announced that it will pay a dividend of $0.15 per share on the 1st of May. This means the annual payment will be 1.3% of the current stock price, which is lower than the industry average.

View our latest analysis for Freeport-McMoRan

Freeport-McMoRan's Earnings Easily Cover The Distributions

Even a low dividend yield can be attractive if it is sustained for years on end. Prior to this announcement, Freeport-McMoRan's dividend was only 47% of earnings, however it was paying out 189% of free cash flows. While the company may be more focused on returning cash to shareholders than growing the business at this time, we think that a cash payout ratio this high might expose the dividend to being cut if the business ran into some challenges.

The next year is set to see EPS grow by 79.4%. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.

historic-dividendDividend Volatility

The company has a long dividend track record, but it doesn't look great with cuts in the past. Since 2014, the dividend has gone from $1.25 total annually to $0.60. Doing the maths, this is a decline of about 7.1% per year. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems.

Dividend Growth Is Doubtful

Dividends have been going in the wrong direction, so we definitely want to see a different trend in the earnings per share. Freeport-McMoRan has seen earnings per share falling at 6.6% per year over the last five years. Declining earnings will inevitably lead to the company paying a lower dividend in line with lower profits. Earnings are predicted to grow over the next year, but we would remain cautious until a track record of earnings growth is established.

Freeport-McMoRan's Dividend Doesn't Look Sustainable

In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Freeport-McMoRan's payments, as there could be some issues with sustaining them into the future. While Freeport-McMoRan is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment.

Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've picked out 1 warning sign for Freeport-McMoRan that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.

In this article, we discuss 10 best silver ETFs. If you want to skip our detailed discussion on the silver industry, head directly to 5 Best Silver ETFs To Buy.

According to a report from the Silver Institute, demand for global silver is expected to reach 1.2 billion ounces in 2024, the second-highest quantity ever recorded. The institute attributes this increase to stronger industrial usage, which is set to reach a new annual high this year. Michael DiRienzo, the executive director of the Silver Institute, has shown optimism regarding silver's prospects, predicting that silver prices could reach $30 per ounce, a level not seen in a decade. He commented:

“We think silver will have a terrific year, especially in terms of demand.”

The Silver Institute anticipates a 9% increase in demand for silverware and a 6% boost in jewelry demand this year, with India projected to be the driving force behind the rise in jewelry purchases. Consumer electronics industry is expected to recover, which would contribute to increased demand for silver. In the short term, however, the institute acknowledges potential headwinds from a slowing Chinese economy and decreased likelihood of early US interest rate cuts, which could have an impact on institutional investment in silver. In spite of that, many market analysts believe that the US Federal Reserve will begin cutting rates in the second half of 2024, which could benefit silver prices. Silver prices tend to have an inverse relationship with interest rates, as higher interest rates make precious metals like silver and gold less attractive compared to interest-bearing investments like bonds. Recognized for its sensitivity to economic changes and higher volatility compared to gold, silver usually outperforms gold during periods of economic expansion but underperforms during economic downturns. Randy Smallwood, CEO of Wheaton Precious Metals, is of the view that gold prices may rise first, followed by a rapid increase in silver prices. He believes that silver has the potential to reach $50 per ounce, but only after gold exceeds $2,200 per ounce.

James Steel, HSBC Chief Precious Metals Analyst, told Bloomberg in an interview:

“We are more positive on silver, platinum, and palladium than we are for gold. We are looking for higher prices in all three. In the case of silver, it has enormous applications environmentally… Almost everything in a hospital that you go into now is coated in a thin layer of silver that you can’t see. (It is) anti-bacterial. Even flak jackets are sewn in silver.”

The global silver market is projected to achieve a compound annual growth rate of around 9.83% by the year 2030. The market has consistently grown due to the widespread use of silver, not just in jewelry but also in other applications such as vessels and chemical processes. The growth of the silver industry is attributed to several factors. The production of silverware, ornaments, and its use in chemical processes has been a significant driver. Additionally, silver's role in solar photovoltaic and electrical appliances for conduction and insulation has contributed to the market growth. The increasing use of silver in oxide batteries has also contributed to the industry’s expansion. Predictions for the silver market suggest that major industry players are working on incorporating innovative technologies into silver production, enhancing its appeal to consumers. Regulatory authorities play an important role in guaranteeing the quality and legitimacy of silver products, which fosters transparency in the commodity market. Consumers, along with industry stakeholders such as manufacturers and retailers, play a significant role in upholding these standards.

In the International Energy Agency's plan to achieve net-zero emissions by 2050, the demand for silver in solar photovoltaic manufacturing could outdo 30% of the total global silver production in 2020 by the year 2030. Recycling panels at the end of their life could meet over 20% of the solar PV industry's demand for aluminum, copper, glass, and silicon, and nearly 70% for silver between 2040 and 2050, as per the IEA's roadmap.

In this article, we discuss some of the best silver ETFs that provide investors with access to stocks like Franco-Nevada Corporation (NYSE:FNV), BHP Group Limited (NYSE:BHP), and Newmont Corporation (NYSE:NEM).

Our Methodology

We curated our list of the best silver ETFs by choosing consensus picks from multiple credible websites. We have mentioned the 5-year share price performance of each ETF as of March 28, 2024, ranking the list in ascending order of the share price performance. It is important to note, however, that not all ETFs have been trading for 5 years. We have also discussed the top holdings of the ETFs to offer better insight to potential investors.

10 Best Silver ETFs To Buy

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Best Silver ETFs To Buy10. Global X Silver Miners ETF (NYSE:SIL)

5-Year Share Price Performance as of March 28: 3.86%

The Global X Silver Miners ETF (NYSE:SIL) aims to replicate the price and yield performance of the Solactive Global Silver Miners Total Return Index. This ETF offers investors access to a range of silver mining firms. Introduced on April 19, 2010, the fund holds net assets amounting to $882.41 million as of March 28, 2024, with an expense ratio of 0.65%. Its portfolio comprises 32 stocks. The Global X Silver Miners ETF (NYSE:SIL) is one of the best silver ETFs to invest in.

Wheaton Precious Metals Corp. (NYSE:WPM) is the largest holding of the Global X Silver Miners ETF (NYSE:SIL). Wheaton Precious Metals Corp. (NYSE:WPM) is mainly involved in the production and sale of precious metals across North America, Europe, and South America. On March 14, Wheaton Precious Metals Corp. (NYSE:WPM) declared a $0.155 per share quarterly dividend, an increase of 3.3% from the previous dividend of $0.150. The dividend is to be paid on April 15, to shareholders on record as of April 3.

According to Insider Monkey’s fourth quarter database, 28 hedge funds were bullish on Wheaton Precious Metals Corp. (NYSE:WPM), up from 24 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the biggest shareholder of the company, with 21.1 million shares valued at $1.04 billion.

In addition to Franco-Nevada Corporation (NYSE:FNV), BHP Group Limited (NYSE:BHP), and Newmont Corporation (NYSE:NEM), Wheaton Precious Metals Corp. (NYSE:WPM) is one of the best silver stocks to buy.

White Falcon Capital Management made the following comment about Wheaton Precious Metals Corp. (NYSE:WPM) in its second quarter 2023 investor letter:

“Precious Metals Royalty basket (Wheaton Precious Metals Corp. (NYSE:WPM), SSL, TFPM): In the current macroeconomic environment, there are many ways to ‘win’ with gold. It is remarkable that even with record positive real yields, gold is flirting with all time highs. Why? Western central banks are increasing interest rates which means that they will have to pay more interest on the record levels of debt that their government’s owe. Where will the money come from to pay the higher interest expense? The answer is simple – more debt and more money printing! We believe the gold knows this! We believe that precious metals will protect real purchasing power and act as a hedge to the portfolio when macroeconomic uncertainty arises. Owning royalty companies at reasonable valuations gives us a high quality exposure to precious metals without project or cost inflation risks inherent in a mining company.”

9. iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)

5-Year Share Price Performance: 9.51%

The iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) is one of the best silver ETFs. It aims to replicate the performance of the MSCI ACWI Select Silver Miners Investable Market Index, which includes global stocks of firms mainly involved in silver exploration or metals mining. This ETF was launched on January 31, 2012. As of March 28, 2024, the fund holds net assets amounting to $173.52 million and comprises a portfolio of 34 stocks. It has an expense ratio of 0.39%.

Pan American Silver Corp. (NYSE:PAAS) is the largest holding of the iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP). Pan American Silver Corp. (NYSE:PAAS) is involved in exploring, developing, extracting, processing, refining, and reclaiming mines that produce silver, zinc, gold, lead, and copper. On February 22, Pan American Silver Corp. (NYSE:PAAS) declared a $0.10 per share quarterly dividend, in-line with previous. It was paid on March 15.

As per Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on Pan American Silver Corp. (NYSE:PAAS), same as the preceding quarter. David Greenspans’s Slate Path Capital held the largest position in the firm, with 5.26 million shares worth $85.85 million.

8. Amplify Junior Silver Miners ETF (NYSE:SILJ)

5-Year Share Price Performance as of March 28: 11.77%

The objective of the Amplify Junior Silver Miners ETF (NYSE:SILJ) is to reflect the total return performance of the Nasdaq Metals Focus Silver Miners Index. The Amplify Junior Silver Miners ETF (NYSE:SILJ) tracks companies in the silver mining industry that generate the majority of their revenues from silver mining, global silver production, or activities related to developing new silver products. It is one of the best silver ETFs. The ETF was introduced on November 28, 2012. As of March 27, 2024, the fund holds net assets totalling $701.64 million, with a portfolio consisting of 50 stocks. It has an expense ratio of 0.69%.

Harmony Gold Mining Company Limited (NYSE:HMY) is one of the largest holdings of the Amplify Junior Silver Miners ETF (NYSE:SILJ). The company extracts and processes gold. It also explores for deposits of silver, uranium, copper, and molybdenum. On February 28, Harmony Gold Mining Company Limited (NYSE:HMY)’s shares rose 2.3% after the company announced that its profit had tripled to 5.96 billion South African rand in the last six months of 2023 compared to the same period a year earlier. Additionally, the company reported a 14% year-on-year increase in overall production, totalling 832,000 ounces.

As per Insider Monkey’s fourth quarter database, 13 hedge funds were bullish on Harmony Gold Mining Company Limited (NYSE:HMY), same as the previous quarter. David Iben’s Kopernik Global Investors held the largest position in the company, with 16.2 million shares valued at approximately $100 million.

Like Franco-Nevada Corporation (NYSE:FNV), BHP Group Limited (NYSE:BHP), and Newmont Corporation (NYSE:NEM), Harmony Gold Mining Company Limited (NYSE:HMY) is one of the best silver stocks to buy.

7. ProShares Ultra Silver (NYSE:AGQ)

5-Year Share Price Performance as of March 28: 17.74%

The ProShares Ultra Silver (NYSE:AGQ), ranked 7th on our list of the best silver ETFs, seeks to deliver daily investment results that are double the daily performance of the Bloomberg Silver Subindex. The ETF was launched on December 1, 2008, and as of March 28, 2024, it has a net expense ratio of 0.95%.

6. Nippon India Silver ETF (NSE:SILVERBEES)

5-Year Share Price Performance as of March 28: 22.68%

The aim of the Nippon India Silver ETF (NSE:SILVERBEES) is to achieve returns that closely mirror the performance of physical silver in domestic prices. The ETF was introduced on February 2, 2022. The Nippon India Silver ETF (NSE:SILVERBEES) is one of the best silver ETFs to invest in.

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TRENCH-ID	From (m)	To (m)	Width (m)	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	PGM + Au (g/t)	TYPE
TRC24LU009	143.70	218.15	74.45	0.66	0.42	0.07	0.04	1.20	Ox
TRC24LU010	173.18	245.78	72.60	0.73	0.53	0.09	0.04	1.39	Ox
TRC24LU011	190.60	206.60	16.00	0.32	1.46	0.16	0.01	1.95	Ox
TRC24LU012	47.60	162.57	114.97	0.89	0.64	0.12	0.06	1.71	Ox
TRC23LU013	25.80	183.90	158.10	0.71	0.43	0.08	0.04	1.27	Ox
Including	83.90	120.30	36.40	1.61	0.94	0.19	0.05	2.81	Ox
TRC23LU015	0.00	152.70	152.70	0.67	0.39	0.08	0.02	1.15	Ox
Including	0.00	17.30	17.30	1.27	0.86	0.15	0.03	2.30	Ox

TRENCH-ID	From (m)	To (m)	Thickness (m)	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	PGM + Au (g/t)	TYPE
TRC24LU009	143.70	218.15	74.45	0.66	0.42	0.07	0.04	1.20	Ox
TRC24LU010	44.70	69.90	25.20	0.40	0.19	0.04	0.05	0.67	Ox
	112.78	169.18	56.40	0.30	0.16	0.02	0.04	0.52	Ox
	173.18	245.78	72.60	0.73	0.53	0.09	0.04	1.39	Ox
TRC24LU011	58.70	60.70	2.00	1.47	0.25	0.01	0.11	1.84	Ox
	89.40	141.00	51.60	0.71	0.38	0.06	0.05	1.20	Ox
	142.00	163.60	21.60	0.51	0.26	0.04	0.01	0.83	Ox
	190.60	206.60	16.00	0.32	1.46	0.16	0.01	1.95	Ox
	206.60	228.90	22.30	0.18	0.31	0.04	0.01	0.54	Ox
TRC24LU012	47.60	162.57	114.97	0.89	0.64	0.12	0.06	1.71	Ox
TRC23LU013	25.80	183.90	158.10	0.71	0.43	0.08	0.04	1.27	Ox
Including	83.90	120.30	36.40	1.61	0.94	0.19	0.05	2.81	Ox
TRC23LU014	0.00	83.40	83.40	0.56	0.25	0.04	0.09	0.93	Ox
TRC23LU015	0.00	152.70	152.70	0.67	0.39	0.08	0.02	1.15	Ox
Including	0.00	17.30	17.30	1.27	0.86	0.15	0.03	2.30	Ox

HOLE-ID	Company	East (m)	North (m)	RL (m)	Datum	Length (m)	Azimuth	Dip	Sector
TRC24LU009	Bravo	659340.68	9341162.14	222.07	SIRGAS2000_UTM_22S	218.15	330.00	0.00	Central
TRC24LU010	Bravo	659430.88	9341219.66	217.51	SIRGAS2000_UTM_22S	245.78	330.00	0.00	Central
TRC24LU011	Bravo	659505.67	9341288.04	216.41	SIRGAS2000_UTM_22S	228.90	330.00	0.00	Central
TRC24LU012	Bravo	659588.93	9341340.00	205.14	SIRGAS2000_UTM_22S	197.62	330.00	0.00	Central
TRC23LU013	Bravo	659672.34	9341393.00	203.64	SIRGAS2000_UTM_22S	183.90	330.00	0.00	Central
TRC23LU014	Bravo	659762.25	9341437.66	196.63	SIRGAS2000_UTM_22S	134.75	330.00	0.00	Central
TRC23LU015	Bravo	659828.70	9341524.80	211.30	SIRGAS2000_UTM_22S	152.70	330.00	0.00	Central

Bravo SGS Geosol
Preparation	Method	Method	Method	Method
For All Elements	Pt, Pd, Au	Rh	Sulphide Ni, Cu	Trace Elements
PRPCLI (85% at 200#)	FAI515	FAI30V	AA04B	ICP40B

Type	Ni % Cut-off	Category	Tonnes (millions)	Ni %	NiS %	Pd g/t	Pt g/t
In-Pit	0.29	Measured	11.53	0.74	0.53	0.21	0.09
		Indicated	24.44	0.63	0.43	0.16	0.07
		Measured and Indicated	35.97	0.67	0.46	0.18	0.08
		Inferred	3.14	0.66	0.35	0.14	0.06
Underground	0.75	Measured	0.39	0.97	0.75	0.28	0.12
		Indicated	7.08	0.97	0.75	0.29	0.12
		Measured and Indicated	7.47	0.97	0.75	0.29	0.12
		Inferred	6.05	0.97	0.75	0.18	0.08
Combined	0.29/0.75	Measured	11.92	0.75	0.54	0.22	0.09
		Indicated	31.52	0.71	0.5	0.19	0.08
		Measured and Indicated	43.44	0.72	0.51	0.2	0.09
		Inferred	9.2	0.86	0.61	0.16	0.07

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		Tonnes (millions)		Ni ('000,000 lbs)		2024 MRE ('000oz)
Type	Category	2024 MRE	% Difference from 2021 MRE	2024 MRE	% Difference from 2021 MRE	Pd	Pt
In-Pit	Measured	11.53	0.35%	188.1	1.72%	77.85	33.36
	Indicated	24.44	96.31%	339.45	79.24%	125.72	55
	Measured and Indicated	35.97	50.25%	531.31	41.95%	208.16	92.52
	Inferred	3.14	51.69%	45.69	75.64%	14.13	6.06
Underground	Measured	0.39	-36.07%	8.34	-23.44%	3.51	1.5
	Indicated	7.08	-64.02%	151.4	-54.68%	66.01	27.32
	Measured and Indicated	7.47	-63.18%	159.74	-53.62%	69.65	28.82
	Inferred	6.05	-65.39%	129.38	-55.83%	35.01	15.56
Combined	Measured	11.92	-1.49%	197.09	1.21%	84.31	34.49
	Indicated	31.52	-1.90%	493.38	-5.88%	192.54	81.07
	Measured and Indicated	43.44	-1.79%	689.53	-4.44%	279.33	125.7
	Inferred	9.2	-52.94%	174.43	-45.31%	47.33	20.71