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UUUU’s San Juan County Clean Energy Foundation designed to assist communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah
The company initially donating $1 million, plans to donate annual funding equal to 1% of the mill’s future revenues
Investing back into the San Juan County community will give the company the opportunity to support, catalyze sustainable economic and community development

Committed to being a strong member of the community, Energy Fuels (NYSE: UUUU) (TSX: EFR) has established the San Juan County Clean Energy Foundation (https://ibn.fm/y7aW1). The foundation is a fund created to contribute to the communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah.

Energy Fuels kicked off the fund by depositing $1 million into the foundation, noting that the company plans to continue to donate annual funding equal to 1% of the mill’s future revenues. The funds from the foundation are earmarked to support the local economy and local priorities, specifically focusing on…

Figure 1

Abitibi Geology-Midland Gold Projects

Figure 2

Lewis Project Location

Figure 3

Lewis Geology and New 2020-21 Discovery

Figure 4

Lewis MAG TD and New 2020-21 Discovery

Figure 5

IP Ore-Vision Survey

Figure 6

IP Chargeability Map and Targets

Figure 7

Golden Nest New Showing

Figure 8

Golden Nest Sample A0358475

Figure 9

Golden Nest Sample A0361223

MONTREAL, Sept. 23, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to report the start of a stripping program on its new Golden Nest gold showing discovered in the summer of 2021 on its Lewis project, wholly owned by Midland and located approximately 60 kilometres southwest of the town of Chapais in the Abitibi region of Quebec.

This new project, acquired in April 2020, consists of 172 claims (95 km²) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone. The Lewis project is located approximately 60 kilometres northwest of the Nelligan deposit jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

Grab samples from the new Golden Nest showing yielded two gold grades of 10.2 g/t Au and 2.1 g/t Au. These values are located approximately 1.1 kilometres east of the Red Giant showing discovered by prospecting in 2020, where channel samples yielded values up to 0.35 g/t Au over 9.0 metres.

The Golden Nest gold showing is directly associated with an induced polarization (IP) anomaly that coincides with a sharp increase in resistivity and corresponds to a small outcrop of approximately 10 square metres exhibiting 2 to 10% pyrite mineralization. The IP anomaly associated with this gold-bearing zone may be traced over a distance of at least 400 metres to the west. The gold-bearing zone is entirely new, readily accessible by road and has never been drill-tested.

The recently launched stripping program is mainly designed to define the extent and investigate the extensions of the mineralized zone on the Golden Nest showing, and to improve our understanding of the structural controls and associated alteration patterns. During the program, the best unexplained IP anomalies located along the extensions of the showing will also be tested. Assay results from the stripping program are expected later this fall.

The Lewis gold property is located approximately 60 kilometres northwest of the Nelligan deposit, which hosts inferred resources estimated at 96.99 million tonnes grading 1.02 g/t Au for 3.19 million ounces of gold (Source: Nelligan NI 43-101 Technical Report and Initial Mineral Resource Estimate for the Nelligan Project, Quebec dated October 22, 2019, Filed on SEDAR on December 4^th 2019, prepared by Alain Carrier, Vincent Nadeau-Benoit and Stéphane Faure of InnovExplo Inc. for Iamgold Corp. and Vanstar Mining Resources). In addition, approximately 10 kilometres west of the Lewis property lies the former Lac Shortt mine, which historically produced 2.7 million tonnes at a grade of 4.6 g/t Au (Source: MERN-SIGEOM).

Cautionary statements:

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

The true thickness of mineralized zones intersected in channel samples cannot be determined with the information currently available.

Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Samples from the Lewis project were analyzed by atomic absorption (AA-23) at ALS Minerals laboratories in Val-d’Or, Quebec. All samples are also analyzed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: https://www.midlandexploration.com/

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

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Figure 1

Abitibi Geology-Midland Gold Projects

Figure 2

Lewis Project Location

Figure 3

Lewis Geology and New 2020-21 Discovery

Figure 4

Lewis MAG TD and New 2020-21 Discovery

Figure 5

IP Ore-Vision Survey

Figure 6

IP Chargeability Map and Targets

Figure 7

Golden Nest New Showing

Figure 8

Golden Nest Sample A0358475

Figure 9

Golden Nest Sample A0361223

Cautionary statements:

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

The true thickness of mineralized zones intersected in channel samples cannot be determined with the information currently available.

Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.

Quality control

About Midland

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: https://www.midlandexploration.com/

Gold has long been regarded as a safe haven in times of market turmoil. Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. Gold stocks, as represented by the VanEck Gold Miners ETF (GDX), have dramatically underperformed the broader market over the past year as the U.S. economy and other economies have begun to recover amid the global pandemic.

Drilling will test for a potential expansion of the NICO deposit at the east end of the deposit and up to four additional targets defined by previous geology and geophysics programs

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

LONDON, Ontario, September 23, 2021–(BUSINESS WIRE)–Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that it has initiated an approximately 3000 metre drill program on the Company’s NICO Cobalt-Gold-Bismuth-Copper Deposit ("NICO Deposit") in Canada’s Northwest Territories. Equipment and personnel are currently being mobilized to the site and drilling is expected to commence at the end of this week. The NICO Deposit and Fortune’s nearby Sue-Dianne Copper-Silver-Gold satellite deposit belong to the Iron-Oxide-Copper-Gold ("IOCG") class. IOCG-type deposits include Olympic Dam in South Australia, the Carajas District deposits in Brazil, and the Candelaria District deposits in Chile and have distinctive geological settings typically with common geophysical anomaly associations. In addition to testing the east strike extension of the NICO Deposit, drilling will also test a number of coincident magnetic, gravity, magnetotelluric, chargeability and resistivity anomalies, including some with previous drilling that encountered significant gold and cobalt intersections.

The NICO Project is comprised of a planned mine and concentrator in the Northwest Territories and a related hydrometallurgical refinery in southern Canada producing cobalt sulphate, gold doré, bismuth ingots and oxide, and a copper cement precipitate. The NICO Project is one of the most advanced cobalt development assets outside of the Democratic Republic of Congo ("DRC") to meet the growing demand in lithium-ion batteries powering electric vehicles, portable electronics and stationary storage cells, and mitigate supply chain issues from geographic concentration of production in the DRC and China and associated policy risks. The unique Critical Minerals assemblage of the NICO Deposit includes primary cobalt, 12% of global bismuth reserves, by-product copper, as well as a highly liquid 1.1 million ounce in-situ gold co-product.

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Fortune contracted Aurora Geosciences ("Aurora") in 2020 to complete induced polarization and magnetometer surveys to provide better definition of exploration targets identified in previous geophysical surveys and drill programs carried out in the 1990’s. The 2021 drill program is planned to test up to five of these high priority targets as follows:

1) East Extension of NICO Deposit
Previous drilling at the east end of the NICO Deposit in 1997 did not penetrate deep enough to test the stratigraphy hosting the NICO Deposit. A fault was also subsequently identified in this area that has likely displaced the deposit. Aurora identified coincident magnetic, chargeability and resistivity anomalies extending several hundred metres east of the presently defined terminus and indicates the deposit may still be open for potential expansion. Four holes are planned to test this opportunity.

2) Ralph Zone
A narrow zone of cobalt-gold-bismuth mineralization similar to the ores in the NICO Deposit is exposed at the surface approximately 600-700 metres east of the known deposit. This zone was previously tested by four holes drilled in 1997, two of which identified significant alteration, including a 3 metre interval grading 1.1 grams per tonne ("g/t") gold. No further drilling was completed while efforts were focused on the known deposit. The Ralph Zone is associated with a strong magnetic feature that extends westward to the currently defined east end of the NICO Deposit. There is also a partly coincident chargeability high that has not been tested. Two holes are planned to test this zone.

3) Peanut Lake Zone
The Peanut Lake Zone is associated with a strong magnetic feature that is more than 500 metres in diameter with coincident gravity and partly coincident chargeability high and resistivity low anomalies. Five holes were previously drilled to test the north rim of this feature in 1997, three of which intersected significant grades. They include 3 metres grading 1.76 g/t gold and 0.113% cobalt, 3 metres grading 1.82 g/t gold, 3 metres grading 1.105 g/t gold and 0.355% cobalt, and 3 metres grading 1.16 g/t gold and 0.06% cobalt. The peak chargeability high identified by Aurora in 2020 has not been tested. Three additional holes are planned along the strike continuation of these intersections and the chargeability high.

4) Road Cut Mineralization
Road construction on the NICO leases in 2019 unearthed altered bedrock and boulders with sulphide mineralization similar to the ores in the NICO Deposit, located approximately 800 metres southwest of the Peanut Lake zone. Representative grab samples returned highly anomalous cobalt and gold with values up to 1.6% copper. The 2020 Aurora survey also identified a moderate chargeability high feature located 300 metres north of where the sulphides are encountered. Three holes are planned to test these targets.

5) Magnetic Anomaly A
Strong, partly coincident magnetic and chargeability anomalies were also identified by Aurora approximately 800 metres northeast of the known NICO Deposit where there is a surface copper showing. Two holes were previously drilled to test the peak of the magnetic anomaly in 1997, one of which intersected low grade copper, plus 2 metres, grading 1.8 g/t gold and 0.115% cobalt. Neither of these holes tested the chargeability peak and one hole is planned to test this anomaly in the current drill program.

Fortune is pleased to report that it has completed a debt facility to raise proceeds of $1.5 million from an arm’s length investor to fund the drill program and provide working capital.

Project Summary:
The NICO Deposit contains Proven and Probable Open Pit and Underground Mineral Reserves totaling 33 million tonnes containing 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper. The NICO Project has been assessed in a positive Feasibility Study by Micon International Limited in 2014 and has received environmental assessment approval and the major mine permits for the facilities in the Northwest Territories. The project stands out among other Critical Minerals projects as a planned vertically integrated producer of cobalt, the largest deposit of bismuth in the world, and having more than one million ounces of in-situ gold as a highly liquid and countercyclical co-product.

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

For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company's profile at www.sedar.com. The disclosure of scientific and technical information contained in this news release has been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune who is a "Qualified Person" under National Instrument 43-101.

About Fortune Minerals:
Fortune is a Canadian mining company focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the NWT. The Company has an option to purchase lands in Saskatchewan where it may build the hydrometallurgical plant to process NICO metal concentrates and is also evaluating other brownfield locations with existing facilities to reduce project capital and operating costs. In addition, Fortune owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project mine site and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.

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@FortuneMineral on Twitter.

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the potential for expansion of the NICO Deposit, the Company’s plans to conduct a drill program during 2021, the Company’s plans to develop the NICO Project and the potential for the Sue-Dianne property to provide incremental mill feed to the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to conduct and complete the planned drill program; the Company’s ability to secure a site in southern Canada for the construction of a NICO Project refinery; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related hydrometallurgical refinery and the timing thereof; growth in the demand for cobalt; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is 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. These factors include the risks that the planned 2021 drill program may not result in a meaningful expansion of the NICO Deposit, the COVID-19 pandemic may interfere with the Company’s ability to conduct the drill program, the Company may not be able to secure a site for the construction of a refinery, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005526/en/

Contacts

For further information please contact:
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

Drilling will test for a potential expansion of the NICO deposit at the east end of the deposit and up to four additional targets defined by previous geology and geophysics programs

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

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Fortune is pleased to report that it has completed a debt facility to raise proceeds of $1.5 million from an arm’s length investor to fund the drill program and provide working capital.

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@FortuneMineral on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005526/en/

Contacts

For further information please contact:
Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

(Reuters) – First Cobalt Corp said on Thursday it began drilling at Iron Creek, its cobalt-copper project in Idaho, seeking to double production as higher demand for electric vehicles boosted prices for the metals used in the batteries.

A global drive towards electrification of road transport to reduce carbon emissions has pushed up prices for battery metals such as lithium, nickel, cobalt and copper.

"Resuming drilling in Idaho supports our strategy of building a North American battery materials supply chain and is supported by stronger commodity prices and a constructive outlook for a domestic EV supply chain," Chief Executive Officer Trent Mell said.

The company expects an even larger drill campaign in 2022 to fast-track its plans for domestic mine supply, assuming drill results are as expected in 2021.

The company had recently put in place the required financing to expand and recommission its battery materials refinery in Canada in the fourth quarter of 2022, Mell added.

(Reporting by Sahil Shaw in Bengaluru; Editing by Shailesh Kuber)

SASKATOON, Saskatchewan, Sept. 23, 2021 (GLOBE NEWSWIRE) — Cameco (TSX: CCO; NYSE: CCJ), GE Hitachi Nuclear Energy (GEH), GEH SMR Technologies Canada, Ltd. (GEH SMR Canada) and Synthos Green Energy (SGE), a member of the Synthos Group S.A., have entered into a Memorandum of Understanding (MOU) to evaluate the potential establishment of a uranium fuel supply chain in Canada capable of servicing a potential fleet of BWRX-300 small modular reactors (SMRs) in Poland.

Synthos, a manufacturer of synthetic rubber and one of the biggest producers of chemical raw materials in Poland, is interested in obtaining affordable, on-demand, carbon-free electricity from a dependable, dedicated source. In 2019 SGE and GEH agreed to collaborate on potential deployment applications for the BWRX-300 in Poland. SGE and GEH signed a strategic agreement in 2020 that further advanced the cooperation.

Cameco supplies uranium, uranium refining and conversion services to the nuclear industry worldwide. In July 2021, Cameco, GEH and Global Nuclear Fuel-Americas (GNF-A) agreed to explore several areas of cooperation to advance the commercialization and deployment of BWRX-300 SMRs in Canada and around the world.

“We believe nuclear energy will play a major role in helping countries and companies around the world achieve their net-zero emission targets,” said Cameco president and CEO Tim Gitzel. “This MOU is a great example of the kind of innovative solutions businesses like Synthos Green Energy are exploring and how SMRs could contribute to industry-driven efforts to decarbonize.”

“We look forward to working with Cameco and GEH in understanding the uranium requirements for a fleet of BWRX-300s in Poland and the support that Canada has to offer,” said Rafał Kasprów, President of the Board of SGE. “In addition to this MOU, SGE is working closely with GEH to identify supply chain opportunities in Poland that complement the export capabilities being developed in Canada for the BWRX-300, which could enable us to successfully deliver carbon-free electricity to the grid.”

“GEH is honored to be working with Cameco and Synthos Green Energy to deploy the BWRX-300,” said Jay Wileman, President & CEO, GEH. “Through our collaboration we look forward to the opportunity to bring carbon-free energy generation to Poland and support the creation of valuable uranium supply jobs in Canada.”

The BWRX-300 is a 300 MWe water-cooled, natural circulation SMR with passive safety systems that leverages the design and licensing basis of GEH’s U.S. NRC-certified ESBWR. Through dramatic and innovative design simplification, GEH projects the BWRX-300 will require significantly less capital cost per MW when compared to other SMR designs. By leveraging the existing ESBWR design certification, utilizing the licensed and proven GNF2 fuel design, and incorporating proven components and supply chain expertise, GEH believes the BWRX-300 can become the lowest-risk, most cost-competitive and quickest to market SMR.

This MOU is non-exclusive and non-binding.

Profile

Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations. Utilities around the world rely on our nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.

Caution Regarding Forward-Looking Information and Statements

This news release includes statements considered to be forward-looking information or forward-looking statements under Canadian and U.S. securities laws (which we refer to as forward-looking information), including: the intention of Cameco, GEH, GEH SMR Canada and SGE to evaluate the potential establishment of a uranium fuel supply chain in Canada capable of servicing SMRs in Poland; SGE’s interest in obtaining affordable, on-demand, carbon-free electricity; the ability of Cameco, GEH and GNF-A to explore advancing the commercialization and deployment of BWRX-300 SMRs in Canada and around the world; our view that nuclear energy will play a major role in achieving net-zero emission targets and the ability of SMRs to contribute to decarbonization; the efforts of SGE and GEH to identify supply chain opportunities in Poland that complement export capabilities being developed in Canada for the BWRX-300 that could provide carbon-free electricity in Poland; the potential to create additional uranium supply-related employment in Canada; the expectation of GEH that the BWRX-300 will require significantly less capital cost than other SMR designs; and GEH’s belief that the BWRX-300 could become a low-risk, cost-competitive and quickest to market SMR. This forward-looking information is based on a number of assumptions, including assumptions regarding: the ability of Cameco, GEH, GEH SMR Canada and SGE to potentially establish a uranium fuel supply chain in Canada capable of servicing SMRs in Poland; the ability to commercialize and deploy BWRX-300 SMRs successfully in Canada and around the world; the ability of nuclear energy and SMRs to contribute to decarbonization; the potential for success in providing carbon-free electricity in Poland and additional employment opportunities in Canada; the capital cost requirements for the BWRX-300; and the speed and costs involved in bringing the BWRX-300 to market. This information is subject to a number of risks, including: the risk that a uranium fuel supply chain to service SMRs in Poland may not be successfully established; the risk that the BWRX-300 may not be commercialized and deployed within the expected time and at the expected costs, or at all; the risk that nuclear energy and SMRs may not contribute to decarbonization to the extent expected; and the risk that it may not prove possible for the parties to provide carbon-free electricity in Poland or create additional employment opportunities in Canada. The forward-looking information in this news release represents our current views, and actual results may differ significantly. Forward-looking information is designed to help you understand our current views, and may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

Investor inquiries:
Rachelle Girard
306-956-6403
rachelle_girard@cameco.com

Media inquiries:
Jeff Hryhoriw
306-385-5221
jeff_hryhoriw@cameco.com

BEDFORD, NS / ACCESSWIRE / September 23, 2021 / Ginoogaming First Nation ("Ginoogaming" or "First Nation") and Silver Spruce Resources Inc. ("Silver Spruce") (TSXV:SSE)(FRA:S6Q1) are pleased to announce entering into an exploration agreement by which Ginoogaming in exercising its inherent jurisdiction has issued its permit and approval to Silver Spruce to undertake mineral exploration in part of Ginoogaming's territory known as Melchett Lake, in northwestern Ontario.

"We are happy to see things progress the way they should be done," says Chief Sheri Taylor. "The company sought our community's consent and is prepared to meet the conditions required to obtain that consent, so we the government of the First Nation community issued our permit containing those conditions."

"The Ontario Crown government, through ENDM, routinely does its "consultation" on exploration through a form letter and formula timeframes with little else. This is not near enough. So First Nations are compelled to turn to the company. If the company is respectful of our right to free, prior and informed consent, then this gets us a positive result, as is the case in our current collaboration with Silver Spruce," says Ginoogaming lands staff person Peter Rasevych.

"The agreement with Silver Spruce contains measures to accommodate and address Ginoogaming's concerns about our cultural and heritage values in the area including through a study and a First Nation monitor to identify and protect such values prior to intrusive exploration activities. It provides for high standards and First Nation input on land use, environmental management and plans of the company. This is all to prevent and minimize impacts. And for those impacts that remain, it provides offsetting benefits like priority access to training, employment, contracting, and compensation and coverage for process costs. If the company wants to move toward a mine, then the exploration agreement provides for the need for a mine impact benefit agreement first," says Ginoogaming's lawyer Kate Kempton from OKT Law.

"We are very pleased to be in this mutually respectful and consent-based relationship with Ginoogaming and look forward to working with them over the years to come," stated Greg Davison, Silver Spruce VP Exploration and Director. "With Silver Spruce fully engaged in this collaboration, it will ensure smooth operations as we advance our mineral exploration programs in and around Melchett Lake."

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed a Definitive Agreement to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

For more information on the situation, please contact:

Ginoogaming First Nation
Chief Sheri Taylor
807-876-2242
sheri.taylor@ginoogamingfn.ca

Silver Spruce Resources Inc.

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

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

info@silverspruceresources.com
www.silverspruceresources.com

Notice Regarding Forward-Looking Statements

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

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

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/665284/Ginoogaming-First-Nation-Signs-Exploration-Agreement-with-Silver-Spruce-Resources-Inc

Hardware prototypes of the solution are expected by 2022

TEL AVIV, Israel, September 23, 2021–(BUSINESS WIRE)–REE Automotive LTD (NASDAQ: "REE"), a leader in e-mobility, today announced that REE, together with its partner Hino Motors, are the top winners in the European Product Design Award in the "Design for Society" category. Amos Boaz, lead designer for REE, and Yamaguchi Seiichi, lead designer for HINO, will share the award.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005300/en/

(Photo: Business Wire)

The next-generation commercial mobility solution to be jointly developed by Hino, Toyota’s truck arm, and REE will be comprised of a modular EV platform ‘Powered by REE’ that will carry a customized Mobility Service Module on top that can carry passengers, goods, and deliver services – all enhanced with data. The Mobility Service Module can be easily detached from the EV platform and once detached can serve as an independent, stand-alone unit, making services and goods easily accessible to society. This will not only be applied toward Mobility-as-a-Service (MaaS) and delivery segments but this modular design could also offer solutions for completely new applications.

Hino and REE next-generation electric commercial mobility solutions will be geared to improve quality of life on a global scale by lowering carbon emissions, minimizing strain on infrastructure, reducing congestion, and allowing companies to allocate resources better. The specialized EV chassis that will be jointly developed by Hino and REE will leverage proprietary REEcorner technology, which packs critical vehicle components into a single system positioned between the wheel and the chassis. The solution will have a low-floor, full-flat design that flexibly meets customer needs and supports autonomous driving. Hardware prototypes of the solution are expected by FY 2022.

"Hino is delighted to have won this prestigious award together with our valued partner REE Automotive," said Hino lead designer Seiichi Yamaguchi. "Together we are going to provide new value to society through next-generation commercial mobility. With the flat chassis and the detachable Mobility Service Module, services and contents themselves become mobile. By sparking metabolism of old and new in our lives and communities, we aim to realize prosperous and sustainable societies where people can connect with communities to create a cycle of happiness.

"Hino is one of the world’s largest leading truck manufacturers and, together, we’re committed to bringing new value to society and reducing the carbon footprint," said Ahishay Sardes, Co-Founder and Chief Technology Officer of REE. "We are honored that our design collaboration has been recognized with this award, as our corner and control technology and fully-flat platform enable multiple new applications for modular commercial electric vehicles – helping us work toward a zero-emissions future."

About Hino Motors

Hino Motors, Ltd. is a Toyota Group company selling trucks and buses in more than 80 countries in 2020. Number of employees totals 35,000 globally, and produces vehicles in over 20 countries including the 4 major plants in Japan. Hino slogan is "Trucks and buses that do more". To put "Trucks and buses that do more" into practice, Hino will provide "appropriate products with safety and environment technologies", "ultimately customized total support for customers", and "challenge new fields".

About REE Automotive

REE is an automotive technology leader creating the cornerstone for tomorrow’s zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry’s flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.

For more information visit: www.ree.auto.

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE’s final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005300/en/

Contacts

Investor Relations
Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
investors@ree.auto

Media
Caroline Hutcheson
Head of Communications | REE Automotive
+1-252-314-2028
media@ree.auto

Media
Makota Iijima
Manager, Corporate Communications Group, Public Affairs Division
ma.iijima@hino.co.jp
hm.pr@hino.co.jp

The crisis triggered by fears over the potential collapse of a debt-ridden Evergrande Group has shaken the global stock markets. As a result of this cascading effect of the troubles in China’s property market, major indexes in the United States continue to suffer. Per a CNBC report, the S&P 500, the tech-heavy Nasdaq composite and the Dow Jones Industrial Average dipped 1.7%, 2.2% and 1.8%, respectively, on Sep 20. While the S&P 500’s performance on Sep 20 was the worst (on a daily basis) since May 12, the Dow posted its biggest one-day loss since Jul 19.

The Evergrande crisis apart, U.S. investors are worried about the rapid spread of the Delta variant of COVID-19, which is threatening to derail economic growth witnessed prior to the transmission of this deadly strain.

However, irrespective of the prevalent market conditions, investors strive to design a winning basket of stocks. They are after all putting their hard-earned money into stocks. Amid the existing uncertainties, it is almost impossible for individual investors to come up with a promising portfolio of stocks without proper guidance. Therefore, it is in the best interest of investors to seek advice from “experts in the field."

Who Are the Experts & Why?

The “experts” in the field of investing are brokers who are equipped with thorough knowledge about the space. Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors.

To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.

Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. Naturally, their estimate revisions serve as an important pointer regarding the price of a stock. To take care of the earnings performance, we designed a screen based on improving broker recommendations and upward estimate revisions over the last four weeks.

Do not Ignore the Top Line

However, designing a strategy based solely on the bottom line is unlikely to result in a rewarding approach. Actually, according to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. To address the top-line concerns, we included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.

Screening Criteria

# (Up- Down Rating)/ Total (4 weeks) =Top #75 (This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks).

% change in Q (1) est. (4 weeks) = Top #10 (This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter).

We have also added the following screening parameters to ensure that the strategy is a winning one:

Price-to-Sales = Bot%10 (The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio).

Price greater than 5 (as a stock trading below $5 will not likely create significant interest for most of the investors).

Average Daily Volume greater than 100,000 shares over the last 20 trading days (Volume has to be significant to ensure that these are easily traded).

Market value ($ mil) = Top #3000 (This gives us stocks that are the top 3000 in terms of market capitalization).

Com/ADR/Canadian= Com (This takes out the ADR and Canadian stocks).

Here are five of the 10 stocks that made it through the screen:

Best Buy Company BBY is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, heath, security, appliances and related services. The company continuously focuses on improving its digital capabilities. Best Buy, currently carrying a Zacks Rank #2 (Buy), is constantly conducting various tests and pilots to become a more customer-centric, digitally-focused, efficient company. Its liquidity position is also sound. Backed by these tailwinds, the stock has seen the Zacks Consensus Estimate for current-year earnings move 16.92% north over the past 60 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Peabody Energy BTU: St Louis, MO-based Peabody Energy engages in the coal-mining business and has both thermal and metallurgical operations to manage. Revival in the domestic and international coal markets augurs well for this currently Zacks #2 Ranked stock that outperformed on earnings in three of the last four quarters (lagging the consensus mark in the remaining one).

Citi Trends CTRN is a leading value-priced retailer of urban fashion apparel and accessories including nationally recognized brands, private-label products and a limited assortment of home décor items. The company primarily targets fashion conscious African-American customers, offering branded merchandise at about 20-70% discount compared with the regular prices at department and specialty stores. The company is being well-served by the increase in sales. Efforts to reward its shareholders through share buybacks are also commendable. The stock currently sports a Zacks Rank #1.

Caleres CAL: This Saint Louis-based company, currently sporting a Zacks Rank of 1, engages in the retail and wholesale of footwear. Strong performance of its Famous Footwear and Brand Portfolio segments are driving the top line. The company outperformed on earnings in each of the last four quarters, the average being in excess of 100%.

Commercial Metals Company CMC manufactures, recycles and markets steel and metal products, related materials and services. This Irving, TX-based company is presently Zacks #1 Ranked. Growth in the construction markets in the United States and Europe and favorable market conditions in Poland bode well for Commercial Metals. Investment in capacity and acquisitions is likely to drive growth. The company outperformed on earnings in each of the last four quarters, the average being 17.51%.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

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Peabody Energy Corporation (BTU) : Free Stock Analysis Report

Best Buy Co., Inc. (BBY) : Free Stock Analysis Report

Citi Trends, Inc. (CTRN): Free Stock Analysis Report

Commercial Metals Company (CMC) : Free Stock Analysis Report

Caleres, Inc. (CAL) : Free Stock Analysis Report

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Zacks Investment Research

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.

Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.

Lynas Corp. (LYSDY) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.

A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. LYSDY is quite a good fit in this regard, gaining 18.9% over this period.

However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 2.8% over the past four weeks ensures that the trend is still in place for the stock of this company.

Moreover, LYSDY is currently trading at 84.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.

Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises — the key factors that impact a stock's near-term price movements.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.

So, the price trend in LYSDY may not reverse anytime soon.

In addition to LYSDY, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.

Click here to sign up for a free trial to the Research Wizard today.

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Lynas Corp. (LYSDY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Figure 1

The Vallée property is immediately east of the North American Lithium mine. This figure depicts the 2011 fence drilling (yellow line) and the first four drillholes of the Company’s current drilling campaign. All four drillholes intersected the Li-bearing, spodumen-rich pegmatite swarm.

Figure 2

Spodumene bearing pegmatite intersection in drill core of hole No. VAL21-2-3.

TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (“Jourdan” or the “Company“) is pleased to announce that all of its first four drill holes of its fall drilling campaign have intersected the spodumene-bearing pegmatite swarm on its Vallée property at a previously underexplored eastern position (see Fig. 1).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d0ec079-8d7d-4fc5-bb7b-57aa0d88d6c8

Drill hole	From (m)	To (m)	Interval (m)	Mineralization	Description
VAL21-2-1	145	146.2	1.2	Spodumene	5% spodumene with local zones with up to 10% Spodumene

VAL21-2-2	52	53	1	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-2	87	89.4	2.4	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-2	94.2	95.5	1.3	Spodumene	5% spodumene with local zones with up to 10% Spodumene

VAL21-2-3	18.1	18.6	0.5	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-3	23	24.35	1.35	Spodumene	Around 10% Spodumene
VAL21-2-3	207.2	209	1.8	Spodumene	Around 10% Spodumene

VAL21-2-4	16.8	17.1	0.3	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-4	20.5	21.5	1	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-4	36.2	36.7	0.5	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-4	40.7	41.7	1	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-4	45.7	46	0.3	Spodumene	5% spodumene with local zones with up to 10% Spodumene
VAL21-2-4	167.4	171.25	3.85	Spodumene	10% spodumene with local zones with up to 15% Spodumene

The Company’s 2000m diamond drilling program is intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 along the western side of the Company’s Vallée property, which borders the North American Lithium mine. This drilling campaign aims at completing two more fence lines across the expected lithium-bearing pegmatite swarm, which has been mined in the immediate vicinity to the west. 10 holes of approximately 200m depth each are scheduled to be drilled aiming at the pegmatite swarms identified by the trenching of the bulk sample collected on the Vallée property in 2018. The assay results from the bulk sample revealed high Li₂O grades (for more information, please see the Company’s press release dated April 29, 2021), which have encouraged the Company to continue exploration and exploratory drilling along the strike and depth extents of its Vallée property.

Rene Bharti, CEO of Jourdan, stated, “Our drill program continues to provide encouraging results. Having all four holes hit the anticipated Li-bearing, spodumene-rich pegmatite swarm in a new direction is a clear indication that there is potentially more mineralization on our properties than we had initially expected. Having visited the site recently, it was apparent from the level of activity in the area that the global demand for lithium has not slowed. The Company intends to use the results from this drill program to establish a resource in the near term. Furthermore, with such a world class exploration team assembled and led by Dr. Rompel, I have no doubt that Jourdan will realize its goal of becoming Canada’s next lithium producer.”

Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We are excited about the first intersections and proving up the eastern extension of the expected Li-bearing pegmatite swarm on our Vallée property. We intend to continue to build on these intercepts with the intention of delineating the entire extent of the expected lithium deposits existing east of the North American Lithium mine.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39dcbe81-a0f2-4d77-8630-5272bc9282b8

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Jourdan

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

For more information:

www.jourdaninc.com

Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800

Cautionary statements

The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in any target being delineated as a mineral resource.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the global demand for lithium and the Company’s ability to complete its 2000m drilling campaign, to complete any future exploratory and drilling campaigns, to establish a resource at its properties, and to execute its business plan, including its ambition to become Canada’s next lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, Hannans (ASX:HNR) shareholders have done very well over the last year, with the share price soaring by 286%. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So notwithstanding the buoyant share price, we think it's well worth asking whether Hannans' cash burn is too risky. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

View our latest analysis for Hannans

How Long Is Hannans' Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2020, Hannans had cash of AU$1.7m and no debt. In the last year, its cash burn was AU$1.9m. So it had a cash runway of approximately 11 months from December 2020. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. You can see how its cash balance has changed over time in the image below.

How Is Hannans' Cash Burn Changing Over Time?

Because Hannans isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Over the last year its cash burn actually increased by a very significant 57%. While this spending increase is no doubt intended to drive growth, if the trend continues the company's cash runway will shrink very quickly. Hannans makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Hannans Raise More Cash Easily?

Given its cash burn trajectory, Hannans shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of AU$64m, Hannans' AU$1.9m in cash burn equates to about 2.9% of its market value. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

So, Should We Worry About Hannans' Cash Burn?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Hannans' cash burn relative to its market cap was relatively promising. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. On another note, Hannans has 6 warning signs (and 2 which are a bit concerning) we think you should know about.

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

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.

There are several stocks that passed through the screen and Centrus Energy Corp. (LEU) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.

A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. LEU is quite a good fit in this regard, gaining 38.3% over this period.

However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 43.5% over the past four weeks ensures that the trend is still in place for the stock of this company.

Moreover, LEU is currently trading at 84.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.

Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises — the key factors that impact a stock's near-term price movements.

So, the price trend in LEU may not reverse anytime soon.

In addition to LEU, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

Click here to sign up for a free trial to the Research Wizard today.

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Centrus Energy Corp. (LEU) : Free Stock Analysis Report

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TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, Sept. 23, 2021 /CNW/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report that it has commenced the first reverse circulation drilling program at the Rosales Copper Project in Chile. The drill program is testing the large conductive zones identified in the recent TEM geophysical survey, as discussed in the August 4^th, 2021 news release.

Golden Arrow Resources Corporation Logo (CNW Group/Golden Arrow Resources Corporation)

"We have multiple targets near-surface and at depth exhibiting hallmarks of high-grade, stratabound or mantos-style copper deposits so we are very excited to have the drills turning to test the interpretation," stated Brian McEwen, VP Exploration and Development for Golden Arrow.

The first phase of drilling will include approximately 1,400 metres in four holes, to test both the upper and lower conductors and confirm the geophysical interpretation. The subsequent 1,600 metres will be used to test the extent of the anomalies as well as other targets. The program is expected to continue through the fourth quarter of the year.

Rosales Project and Targets
The Rosales Project currently includes 3,444 hectares of 100% held mineral claims and an additional 900 hectares under application. The Project is located in the Atacama Region, a prolific mining district that hosts multiple large precious and base metal mines. The project is road-accessible and is situated less than 90 kilometres from the mining centre of Copiapo, with world-class exploration and mining infrastructure readily available.

The initial reconnaissance program at Rosales identified two general areas of prospective copper mineralization: the Margarita Mine trend (MMT), and the NW Target. The MMT is a 3.5-kilometre-long structural corridor, oriented northeast-southwest, mainly defined by felsic dykes. Chalcocite and chrysocolla were identified in outcrop over a 350 by 400 metres area underlain by andesitic volcanoclastics and andesites, within Jurassic aged volcano-sedimentary sequences. Samples from the area averaged 1.74% copper with a high value of 4.37% copper (see News Release dated July 20, 2020 filed on SEDAR). The copper mineralization fills fractures and is disseminated in the matrix of the volcanoclastic host rock, with further indications of manto-type mineralization in this zone.

As described in the June 24^th, 2021 news release, the Transient Electromagnetic (TEM) surface in-loop geophysical survey detected two highly-conductive anomalies in the MMT, named G1 and G2, estimated to start within 100 metres of the surface. The G1 target is the highest priority target for drilling due to its size, strong conductivity and correlation with high copper values in surface rock-chip samples.

Subsequent to the surface TEM survey, three lines of TEM soundings were completed, crossing the two MMT anomalies, to provide resistivity, displayed in vertical images. As described in the August 4^th, 2021 news release, The TEM sounding sections reveal one or more upper zones of moderate conductivity above 250m from surface, interpreted to correlate with the conductors detected in the previously reported fixed in-loop TEM surveys. Additionally, the sounding sections have detected a prominent and extensive conductor at approximately 500m depth and appear to resolve increased conductivity below G1, proximal to a vertical corridor postulated to represent a feeder-structure. The flat-lying and layered appearance of the anomalies, combined with the copper sulphide mineralization observed at surface, are consistent with expectations for copper manto (stratabound) deposits.

Qualified Persons

The technical portions of this news release have been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development to the Company and a Qualified Person as defined in National Instrument 43-101.

About Golden Arrow:

Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. The Company is well leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.

Golden Arrow is actively exploring a portfolio that includes an epithermal gold project in Argentina, a district–scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"
_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

Cision

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SOURCE Golden Arrow Resources Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/23/c4701.html

One stock that might be an intriguing choice for investors right now is Sociedad Quimica y Minera de Chile S.A. SQM. This is because this security in the Fertilizers space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Fertilizers space as it currently has a Zacks Industry Rank of 15 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Sociedad Quimica y Minera de Chile is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Sociedad Quimica y Minera de Chile S.A. Price and Consensus

Sociedad Quimica y Minera S.A. Price and Consensus

Sociedad Quimica y Minera de Chile S.A. price-consensus-chart | Sociedad Quimica y Minera de Chile S.A. Quote

In fact, over the past month, current quarter estimates have risen from 35 cents per share to 41 cents per share, while current year estimates have risen from $1.32 per share to $1.44 per share. This has helped SQM to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Sociedad Quimica y Minera de Chile. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report

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Zacks Investment Research

BOISE, Idaho, September 23, 2021–(BUSINESS WIRE)–Albertsons Companies, Inc. (NYSE: ACI) received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) for the company’s efforts to provide products that use safer chemicals.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005879/en/

Albertsons Companies received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) for the company’s efforts to provide products that use safer chemicals. (Photo: Business Wire)

The company was recognized in the "Retailer" category for launching new Safer Choice-certified Own Brands products, raising awareness of the Safer Choice certification, and helping to identify opportunities for educating consumers to make informed buying decisions. Since the inception of the EPA program in 2015, Albertsons Cos. has received the award four times.

"Our Own Brands team continues to innovate products that are safer for people and the environment," said Chad Coester, Senior Vice President, Albertsons Cos. Own Brands. "In 2020, we received Safer Choice Certification on a new product category – laundry detergents. We now have six Open Nature^® laundry detergent products that meet the Safer Choice criteria."

Consumers can identify products made with chemicals that are safer for human health and the environment by the Safer Choice label that appears on the product. This label means the EPA has evaluated the product’s ingredients and determined they meet the necessary criteria. Albertsons Cos. 2,277 stores offer a wide variety of Safer Choice-certified products, including Open Nature^® glass cleaners and laundry detergents that are only available at Albertsons Cos.’ stores.

The company’s exclusive Open Nature^® line was introduced in 2011 and offers products that are free from 110 additives with no artificial colors, flavors, or preservatives. Today Open Nature^® offers 600 items throughout the store in multiple categories, including meat, seafood, meal ingredients, and snacks, as well as care items for home, baby, pet, and personal care for consumers looking for high-quality, minimally processed products that are better for their family, pets, and the environment.

All Safer Choice Certified Open Nature^® products feature the Safer Choice label on the front, along with a QR code on the back for easy access to more information. The six new Open Nature laundry detergent containers are recyclable, made with 25%+ recycled plastic content and have a How2Recycle® label that provides customers with clear communications on how to properly recycle the containers. All of these features are part of Albertsons Cos.’ Plastics and Packaging Pledge, which aims to advance packaging sustainability throughout the company, starting with its extensive Own Brands portfolio.

"Ensuring our products are better for people and the planet is an important priority for Albertsons Cos.," said Darcie Renn, Director of ESG & Sustainability at Albertsons Cos. "These products are great examples of how we are implementing sustainability more holistically throughout our decision-making process, whether it’s innovating product formulations, integrating recycled content in packaging, or leveraging standardized recycling communications for our customers."

In addition to the company’s Plastics and Packaging Pledge, Albertsons Cos. has also committed to setting a Science Based Target to reduce carbon emissions in support of the goals of the United Nations’ Paris Agreement.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer that operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005879/en/

Contacts

Kirby Nardo
Kirby.nardo@albertsons.com

The Chemours Company CC is benefiting from higher demand for Opteon in mobile applications, strong execution and cost-cutting measures. We are positive on the company’s prospects and believe that the time is right for you to add the stock to the portfolio as it looks promising and is poised to carry the momentum ahead.

Chemours currently carries a Zacks Rank #1 (Strong Buy) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, combined with a Zacks Rank #1 or 2 (Buy), offer the best investment opportunities for investors.

Let's see what makes this chemical maker a compelling investment option at the moment.

Price Performance

Shares of Chemours have rallied 36.6% over a year compared with the 20.7% rise of its industry. It has also outperformed the S&P 500’s 31.3% rise over the same period.

Image Source: Zacks Investment Research

Estimates Moving Up

Over the past two months, the Zacks Consensus Estimate for Chemours for the current year has increased around 11.5%. The consensus estimate for third-quarter 2021 has also been revised 9% upward over the same time frame. The favorable estimate revisions instill investor confidence in the stock.

Positive Earnings Surprise History

Chemours has outpaced the Zacks Consensus Estimate in each of the trailing four quarters. In this time frame, it has delivered an earnings surprise of 38.9%, on average.

Solid Growth Prospects

The Zacks Consensus Estimate for earnings for 2021 for Chemours is currently pegged at $3.69, reflecting an expected year-over-year growth of 86.4%. Moreover, earnings are expected to register 106.4% growth in third-quarter 2021.

Attractive Valuation

Valuation looks attractive as Chemours’ shares are currently trading at a level that is lower than the industry average, suggesting that the stock still has upside potential.

Going by the EV/EBITDA (Enterprise Value/ Earnings before Interest, Tax, Depreciation and Amortization) multiple, which is often used to value chemical stocks, Chemours is currently trading at trailing 12-month EV/EBITDA multiple of 7.67, cheaper compared with the industry average of 9.89.

Upbeat Prospects

Chemours is gaining from a rebound in demand from the pandemic-led lows, strong execution and its cost-reduction actions. The company is seeing demand revival across all markets and regions on the global macroeconomic recovery.

The company is witnessing increasing adoption of the Opteon platform. Demand for Opteon remains strong in mobile and stationary applications. Chemours remains committed toward driving Opteon adoption. It is ramping up production at the new low-cost Opteon Corpus Christi facility.

Chemours should also gain from its efforts to reduce costs. It is undertaking actions to cut costs by reducing overhead, discretionary spend and capital expenditures. The company’s cost-reduction program along with its productivity and operational improvement actions across its businesses are expected to support margins in 2021.

The company also remains focused on boosting its cash flows and returning value to shareholders. It generated strong free cash flow of $189 million in the second quarter. Chemours expects to generate free cash flow of more than $450 million in 2021 and return the majority of this to its shareholders through dividend and share repurchases.

The Chemours Company Price and Consensus

The Chemours Company price-consensus-chart | The Chemours Company Quote

Stocks to Consider

Other top-ranked stocks worth considering in the basic materials space include The Mosaic Company MOS, United States Steel Corporation X and AdvanSix Inc. ASIX, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Mosaic has an expected earnings growth rate of 471.8% for the current year. The stock has also rallied around 76% over a year.

U.S. Steel has a projected earnings growth rate of 368.9% for the current year. The company’s shares have shot up around 204% in a year.

AdvanSix has a projected earnings growth rate of 160.4% for the current year. The company’s shares have surged around 204% in a year.

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Vancouver, British Columbia–(Newsfile Corp. – September 23, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired by staking the Javelin Uranium Project ("Javelin", or the "Project") in northern Saskatchewan, Canada. Javelin consists of nine mineral claims encompassing 23,652 hectares (61,073 acres), located near the eastern margin of the Athabasca Basin about 65 kilometres (40 miles) southeast of the McArthur River Uranium Mine. The Javelin claims are 100% owned by ALX with no underlying royalties.

Javelin was acquired during a recent staking rush that began in mid-September, 2021 (see claims map below). ALX acted quickly to acquire several projects in environments considered favorable for uranium mineralization around the Athabasca Basin, before staking activity peaked.

Javelin Uranium Project

To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/3046/97376_ba6a0ff9841a4b0e_001full.jpg

Javelin is located outside of the eastern margin of the Athabasca Basin within the central parts of the Wollaston Domain basement rocks, which host prolific uranium mines such as Key Lake, McArthur River, Cigar Lake and Rabbit Lake, amongst others. New basement-hosted uranium is actively being explored for around the Athabasca Basin, outside the basin edge, where, for example, the Triple R deposit ("Triple R") was discovered by a joint venture at Patterson Lake, SK between ALX's predecessor company, Alpha Minerals Ltd., and Fission Energy Corp (now Fission Uranium Corp.).

Recently, high-grade uranium mineralization has been sampled east of the Athabasca Basin, within the vicinity of Javelin, on surface by Valor Resources Limited, and in an exploratory drillhole on 92 Energy Ltd.'s Gemini Project.

2021-2022 Exploration Plans

ALX is planning a first-pass, high-resolution airborne radiometric survey at Javelin, which may include a coincident airborne electromagnetic survey. The airborne radiometric survey method to be employed by ALX is the same system used to detect buried uranium-bearing boulders at Patterson Lake in 2011, which contributed to the discovery of Triple R in November 2012.

National Instrument 43-101 Disclosure

The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., a Director of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Management cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 250,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, and the Javelin Uranium Project.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two option stages), and in the Draco VMS Project in Norway.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com.

On Behalf of the Board of Directors of ALX Resources Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: the Javelin Uranium Project ("Javelin") is prospective for uranium mineralization; the Company's plans to undertake exploration activities at Javelin, and expend funds on Javelin. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at Javelin, including drilling; our initial findings at Javelin may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at Javelin; and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop Javelin, and even if uranium or other metals or minerals are discovered in quantity, Javelin may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97376

Iron ore: Why this left-for-dead metal could rocket, and 4 easy ways to buy it

The last 60 days have been a brutal stretch for iron investors.

As a result of China cutting back on iron ore production as a means of reducing pollution, the iron and steel sectors have both been walloped.

Iron ore prices have collapsed about 60% since a record in May. And in less than two months, three of the world's largest ore miners, Rio Tinto, BHP and Vale have lost roughly $110 billion in market value.

What can we say? It’s tough being Iron Man.

But if you’ve been sniffing around the ore space waiting for the right time to get in, this could be it. China’s restrictions may provide short-term pain for investors, but the planet’s need for iron ore and steel isn’t going away.

Here are four iron-related investments that might be worth pouncing on ⁠— maybe even with your spare change.

1. Rio Tinto (RIO)

Office building of Rio Tinto, one of the biggest mining companies in the world, with regional headquarter in Perth, Western Australia. — Rob Bayer/Shutterstock

Rio Tinto, despite its stock being down almost 30% since the end of July, may be the most intriguing option out there. As one of the world’s largest producers of iron ore, Rio’s shares may be the ones most likely to benefit from an eventual rebound.

In addition to the 16 mines Rio operates in Australia, it also has projects in Serbia, Canada, Mongolia, Guinea and the U.S.

Rio Tinto is not solely an iron play. The company produces a variety of products — copper, diamonds, titanium, aluminum — that the world needs a continual supply of.

Its extensive reach has led to some serious profits: Earnings over the first half of 2021 were $12.2 billion, leading to an interim dividend of $5.61 per share.

Rio Tinto currently trades at just under $70 per share. But you can get a piece of Rio Tinto using a popular stock trading app that allows you to buy fractions of shares with as much money as you’re willing to spend.

2. Vale SA (VALE)

IgorGolovniov/Shutterstock

Shares in Brazil’s Vale SA have lost about 13% of their value in the last month, but a massive first six months of 2021 led the company to announce $7.6 billion in first-half dividends.

That’s the largest payout to investors since 2019.

Vale says it is the world’s largest producer of iron ore and iron pellets. Its biggest operation is its iron ore mine in Carajas, Brazil, one of the richest iron deposits in the world, but it also runs a plant in Oman and has various stakes in joint ventures in China.

In the most recent quarter, Vale posted earnings of $7.6 billion, up more than 600% year-over-year. To be sure, those results were helped by higher iron ore prices at the time.

But with the company on track to hit 2021 guidance of between 315 and 335 million tons of ore production, Vale remains a potent bet on the steelmaking metal.

3. BHP Group (BHP)

T. Schneider/Shutterstock

Australia’s BHP Group has fared even worse than its competitors over the last two months, with its stock losing more than 40% of its value since July 29.

Like Rio Tinto, BHP is involved in more than just iron ore mining. It also has its fingers in petroleum, coal and copper, which makes it a somewhat diversified play.

BHP has been receiving lukewarm assessments from analysts. Zacks, Berenberg Bank and Deutsche Bank all recently rated the company a “hold”, while Liberium Capital downgraded BHG from “hold” to “sell” in July.

The company reported profits of $25.9 billion for the financial year ending June 30. And with BHP having generated $19.3 billion in free cash flow over the past 12 months, it should have some cushion to weather the current storm afflicting iron ore.

If you're still cautious about buying into BHP, some investing apps will give you a free share of BHP just for signing up.

4. VanEck Vectors Steel ETF (SLX)

Packed rolls of steel sheet, Cold rolled steel coils — PhotoStock10/Shutterstock

The VanEck Vectors Steel ETF was riding high from May to August, as rising iron ore prices lifted the fund to its highest value since July of 2011.

The last month has seen the price of SLX shares shrink by about 11%, but compared to the individual companies featured here, that’s not so bad.

SLX tracks the performance of some of the world’s biggest ore producers, including Rio Tinto and Vale, but it also holds large steelmakers including Arcelormittal, Nucor, and U.S. Steel. This bit of diversification should help spread some of your risks around in the event iron ore hits the skids once again.

As of Sept. 21, shares in SLX were selling for around $54.53. The most recent dividend paid out was $0.83 a share in December of 2020.

A quieter commodity play

If the volatility in iron ore markets has you questioning your future as an iron/steel investor, there’s another asset that also provides exposure to rising commodity prices: U.S. farmland.

An investment in farmland allows you to profit from both rising food prices, which should only keep increasing as the global demand for food intensifies, and a rapidly decreasing amount of arable land.

An investment in farmland can also be considered an investment in sustainability.

It’s become a hot topic among ESG investors, and will only continue to grow in prominence now that it’s so easy to invest in.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at the ROCE trend of Zimplats Holdings (ASX:ZIM) we really liked what we saw.

What is Return On Capital Employed (ROCE)?

If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Zimplats Holdings is:

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

0.39 = US$797m ÷ (US$2.2b – US$128m) (Based on the trailing twelve months to June 2021).

So, Zimplats Holdings has an ROCE of 39%. That's a fantastic return and not only that, it outpaces the average of 9.8% earned by companies in a similar industry.

View our latest analysis for Zimplats Holdings

While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Zimplats Holdings has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.

The Trend Of ROCE

Zimplats Holdings is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 39%. Basically the business is earning more per dollar of capital invested and in addition to that, 71% more capital is being employed now too. So we're very much inspired by what we're seeing at Zimplats Holdings thanks to its ability to profitably reinvest capital.

Our Take On Zimplats Holdings' ROCE

A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Zimplats Holdings has. And a remarkable 356% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.

If you want to know some of the risks facing Zimplats Holdings we've found 2 warning signs (1 shouldn't be ignored!) that you should be aware of before investing here.

If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.

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

Announces next phase of drilling / development at Falchani and Macusani

Figure 1

From left to right: Simon Clarke, President Pedro Castillo, Michael Kobler, and Ulises Solis

VANCOUVER, British Columbia, Sept. 22, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce that a delegation of the Company’s management, led by CEO Simon Clarke and including Michael Kobler, an original founder and current GM of US Operations and Ulises Solis, GM of Peru Operations, had the honour of a private audience yesterday with President Pedro Castillo, the recently-elected President of Peru.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ee3edcc-7f59-49a1-ba4e-295f602a112d

The purpose of the meeting during the 76^th session of the United Nations General Assembly summit in New York was to discuss Peru’s ongoing commitment to its mining sector and its emergence as a potential Latin American leader in the supply of battery / clean energy metals for a greener planet.

During the United Nations’ conference, over 100 global leaders are meeting to discuss the world’s most pressing geopolitical issues, including the heightened urgency to advance sustainable energy initiatives along an expedited timeline.

Following the meeting with President Castillo, Mr. Clarke reported having a highly constructive initial dialogue with a focus on American Lithium’s future plans to sustainably develop world-class lithium and uranium assets in Peru.

President Pedro Castillo commented, “it was a pleasure to meet the team from American Lithium and our discussions to date have been very positive. As I have commented in recent times, we remain committed to the economy of Peru in general and, in particular, the mining sector with no plans for nationalization or expropriation. We are highly supportive of the work that American Lithium is doing and believe that Peru is very well positioned to become a global leader in the supply of metals for the new energy paradigm. We also welcome foreign investment into Peru with clear rules that protect the people, and the environment and which promotes the economic development of the region and the country.”

Mr. Clarke commented, “On behalf of our shareholders, I would like to thank President Castillo for taking the time to meet with me and my colleagues for what proved to be a very enjoyable and encouraging discussion. Clearly, President Castillo is deeply committed to the development of Peru including the mining sector and in seeing Peru become a world leader in the timely innovation of green energy solutions. To this end, American Lithium is similarly committed to playing a meaningful role in the realization of this inspiring and economically-empowering mandate. Specifically, we will be launching the next phase of drilling and development at both the Falchani Project and the Macusani Project as soon as practical.”

About American Lithium
American Lithium, a member of the TSX 50, is actively engaged in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on enabling the shift to the new energy paradigm through the continued exploration and development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been through preliminary economic assessments, exhibit strong additional exploration potential and are situated near significant infrastructure.

The TSX Venture 50 is a ranking of the top performers in each of 5 industry sectors in the TSX Venture Exchange over the last year.

For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.

On behalf of the Board of Directors of American Lithium Corp.

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.
Email: info@americanlithiumcorp.com
Website: www.americanlithiumcorp.com

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on June 25, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on June 25, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to the 32 of the concessions invalid due to late receipt of the annual validity payment. Macusani successfully applied for injunctive relief on 32 concessions in a Court in Lima, Peru, and the grant of the Precautionary Measures (Medida Cautelar) has restored the title, rights and validity of those 32 concessions to Macusani until a final decision is obtained in at the last stage of the judicial process. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of Processes, Macusani’s title to the concessions could be revoked.

VIRGINIA CITY, Nev., Sept. 22, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) and Mercury Clean Up LLC (“MCU”) today announced that Clean Mercury Remediation Technologies (“CMRT”), MCU’s Philippine Inc.’s joint venture, has received its remaining permit and commenced full operations in the venture’s first commercial mercury remediation system in the province of Davao D’ Oro, Philippines.

“We are pleased to restart and initiate sales as we remediate mercury contamination and return the local environment back to its natural state,” said Comstock’s Executive Chairman and Chief Executive Officer, Corrado DeGasperis.

Artisanal and Small Scale Gold Mining (ASGM)

Mercury‐dependent ASGM uses a process known as amalgamation to dissolve gold from natural deposits. The amalgam is then typically isolated by hand and then heated to distill the mercury and isolate the gold. Problematically, mercury is hazardous to human health and the environment, where residual ASGM wastes contaminate water and soil and bioaccumulate into the food chains. The risks to children are also substantial, with mercury emissions from ASGM resulting in both physical and mental disabilities and compromised development. The amalgamation process was regulated into extinction by most countries, but upwards of 20 million people in more than 70 countries still use mercury to mine for gold, making mercury pollution a U.N. prioritized global issue through the Minamata Convention.

Proprietary Remediation and Extraction Process

The Naboc River in Davao D’ Oro has long been a channel for effluents of mining activities, with hundreds of historical mining operations without sufficient tailing ponds to prevent releases of toxic, mercury-laden discharges. That history is evidenced by high levels of mercury and other contaminants in the local ecosystem, according to the Philippine’s Department of Environment and Natural Resources (DENR).

MCU’s Davao D’Oro facility is designed to remediate mercury contamination from the entire local ecosystem, thereby reviving a 24 kilometer stretch of the Naboc River and restoring all of its downstream irrigation systems for safe use, while extracting and selling residual gold and cleaned sand, soil and gravel co-products for multiple high-margin revenue streams.

“The Davao D’Oro facility is expected to produce pre-tax operating income, depending on yields,” continued DeGasperis. “Our deployment plans for MCU involve sustained growth through continued expansion with many additional facilities after moving into positive cash flows with the Davao D’Oro facility over the next few months.”

A photo accompanying this announcement is available here.

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

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so.

Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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

Contact Information
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 www.comstockmining.com	Corrado De Gasperis Executive Chairman & CEO Tel (775) 847-4755 degasperis@comstockmining.com	Zach Spencer Director of External Relations Tel (775) 847-5272 Ext.151 questions@comstockmining.com

In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Wednesday.

It's a bullish day on Wall Street as all three major indexes are in the green. Both the S&P 500 and the Dow are up around 1% while the NASDAQ has rallied around 0.7%. Although the Evergrande situation in China remains unresolved, there is less fear and investors are now more focused on the Fed meeting.

Among the stocks that's on the move include FedEx Corporation (NYSE:FDX), Incyte Corporation (NASDAQ:INCY), MGM Resorts International (NYSE:MGM), Devon Energy Corporation (NYSE:DVN), Freeport-McMoRan Inc. (NYSE:FCX), Facebook, Inc. (NASDAQ:FB), and Bank of America Corporation (NYSE:BAC). Let's examine why each stock is moving and how elite funds are positioned among them.

Photo by Austin Distel on Unsplash

Why do we care about hedge fund fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

10. MGM Resorts International (NYSE:MGM) has rallied almost 6% due to sentiment around Chinese stocks improving. Other gambling stocks such as Las Vegas Sands have also rallied today and many Chinese stocks are also higher. Macau is a big market for MGM Resorts International (NYSE:MGM) and any potential improvement in China's economic situation in the future could benefit Macau and Macau gaming stocks. Keith Meister's Corvex Capital was long more than 15.6 million shares of MGM Resorts International (NYSE:MGM) for the June 30, 2021 filing period.

9. Devon Energy Corporation (NYSE:DVN) is up around 7.3% due to the broader market rally and WTI prices rallying around 1.6%. Given that it produces oil, Devon Energy Corporation (NYSE:DVN)'s profits are affected by oil prices. If oil prices rally, Devon Energy Corporation (NYSE:DVN) could potentially benefit.

50 elite funds we track were long Devon Energy Corporation (NYSE:DVN) at the end of the second quarter, down 2 from the prior quarter.

8. Freeport-McMoRan Inc. (NYSE:FCX) is up around 4.4% likely due to sentiment around the future of China's property market improving at least today. Many other stocks related to China's property market have rallied on Wednesday as well and there is less fear over the systematic risks surrounding China Evergrande Group.

Because China imports a lot of copper and Freeport-McMoRan Inc. (NYSE:FCX)'s business depends a lot on copper prices, Freeport-McMoRan Inc. (NYSE:FCX) stock is affected by what's occurring in China.

The number of elite funds we track that were long Freeport-McMoRan Inc. (NYSE:FCX) rose to 76 in Q2, 2021 from 68 in Q1, 2021.

7. Facebook, Inc. (NASDAQ:FB) has fallen around 3.7% after the company provided an update on how Apple's privacy policy changes could affect its ad business. In a blog post, Facebook, Inc. (NASDAQ:FB) wrote, "As we noted during our earnings call in July, we expected increased headwinds from platform changes, notably the recent iOS updates, to have a greater impact in the third quarter compared to the second quarter." Given the uncertainty, some investors apparently sold Facebook, Inc. (NASDAQ:FB) although the stock continues to have long term tailwinds.

Of the around 873 top funds we track, 266 were long Facebook, Inc. (NASDAQ:FB) in the second quarter, making it the second most widely held smart money stock in our database.

6. Bank of America Corporation (NYSE:BAC) is up around 2.8% due to the broader market rally and potentially due to the Fed meeting which is expected to focus on the timetable of the taper. With a leading commercial bank, Bank of America Corporation (NYSE:BAC) benefits from higher rates, if and when that should occur. Bank of America Corporation (NYSE:BAC) has done well in 2021 with a year to date rally of more than 33%.

Warren Buffett's Berkshire Hathaway was a major holder of Bank of America Corporation (NYSE:BAC) with a holding of 1,010,100,606 at the end of June 30.

Like MGM Resorts International (NYSE:MGM), Devon Energy Corporation (NYSE:DVN), Freeport-McMoRan Inc. (NYSE:FCX), Facebook, Inc. (NASDAQ:FB), and Bank of America Corporation (NYSE:BAC), FedEx Corporation (NYSE:FDX) and Incyte Corporation (NASDAQ:INCY) are also on the move.

Click to continue reading and see Why These 5 Stocks Are on the Move on Wednesday.

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Figure 1

Abitibi Geology-Midland Gold Projects

Figure 2

Lewis Project Location

Figure 3

Lewis Geology and New 2020-21 Discovery

Figure 4

Lewis MAG TD and New 2020-21 Discovery

Figure 5

IP Ore-Vision Survey

Figure 6

IP Chargeability Map and Targets

Figure 7

Golden Nest New Showing

Figure 8

Golden Nest Sample A0358475

Figure 9

Golden Nest Sample A0361223

Figure 1

Abitibi Geology-Midland Gold Projects

Figure 2

Lewis Project Location

Figure 3

Lewis Geology and New 2020-21 Discovery

Figure 4

Lewis MAG TD and New 2020-21 Discovery

Figure 5

IP Ore-Vision Survey

Figure 6

IP Chargeability Map and Targets

Figure 7

Golden Nest New Showing

Figure 8

Golden Nest Sample A0358475

Figure 9

Golden Nest Sample A0361223

Who Are the Experts & Why?

Do not Ignore the Top Line

Screening Criteria

Figure 1

The Vallée property is immediately east of the North American Lithium mine. This figure depicts the 2011 fence drilling (yellow line) and the first four drillholes of the Company’s current drilling campaign. All four drillholes intersected the Li-bearing, spodumen-rich pegmatite swarm.

Figure 2

Spodumene bearing pegmatite intersection in drill core of hole No. VAL21-2-3.

How Long Is Hannans' Cash Runway?

How Is Hannans' Cash Burn Changing Over Time?

Can Hannans Raise More Cash Easily?

So, Should We Worry About Hannans' Cash Burn?

Sociedad Quimica y Minera de Chile S.A. Price and Consensus

Price Performance

Estimates Moving Up

Positive Earnings Surprise History

Solid Growth Prospects

Attractive Valuation

Upbeat Prospects

The Chemours Company Price and Consensus

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1. Rio Tinto (RIO)

2. Vale SA (VALE)

3. BHP Group (BHP)

4. VanEck Vectors Steel ETF (SLX)

A quieter commodity play

What is Return On Capital Employed (ROCE)?

The Trend Of ROCE

Our Take On Zimplats Holdings' ROCE

Figure 1

From left to right: Simon Clarke, President Pedro Castillo, Michael Kobler, and Ulises Solis

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