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Every investor wants a sure return – that’s the way to make money in the markets, after all. With the main indexes all showing strong gains for the year (19% on the S&P 500, and 18% on the NASDAQ), those returns are clearly on the table. But there are some shorter-term downward moves, and plenty of market experts are counseling both optimism and caution.

RBC chief U.S. equity strategist Lori Calvasina notes that the upward trend has been both substantial and sustained, and she is revising her mid- to long-term forecasts for the S&P accordingly.

"For 2021, we are lifting our S&P 500 price target and EPS forecast by ~4% vs. our prior views. Our 2021 price target moves from 4,325 to 4,500 and our 2021 EPS forecast moves from $192 to $200. For 2022, we are moving our EPS forecast up by 2.7% to $222 from $216 and we are introducing a price target of 4,900, roughly a 9% gain from our 2021 price target,” Calvasina noted.

So far, so good. But in the near-term, Calvasina notes that there is a strong chance of a pullback before the years’ end, one that will see significant dips in share values.

“…we want to be clear about the message we are sending. We continue to think the S&P 500 will experience a bout of volatility/meaningful pullback before the year is up, a call that we’ve been making for the past several months… [We] see economic recession risks as low, reducing the likelihood of a full growth scare, and intend to treat it as a buying opportunity,” the strategist explained.

Short term losses, long term gains, and a buying opportunity in the offing – it sounds like RBC is predicting a stock environment that’s not for the risk-averse. Calvasina’s colleagues among the RBC stock analysts would seem to agree, as they have been pointing out equities with solid dividend returns – we’re talking about at least 9% here. These are classic defensive plays for investors in an uncertain market environment.

We’ve used the TipRanks database to look up the data on two of these picks; here are the details, along with analyst commentary to add some color.

Sibanye Stillwater (SBSW)

We’ll start with Sibanye Stillwater, a South African mining company with substantial operations in Africa and the Americas. The company has precious metal mining ops, including gold and platinum, in both South Africa and the US, along with copper and gold exploration rights in North and South America.

The company reported 983K ounces of total gold production last year, along with 2.783 million ounces of platinum group metals. The company’s reserves include over 66 million ounces of platinum group metals, and over 11 million proven ounces of gold. These reserves make Sibanye Stillwater one of the world’s leaders in gold output, and the dominant player for the platinum group.

Sibanye’s 1H21 report showed a 39-cent EPS, up 141% from the previous year, and a record cash flow of $1.2 billion. The company had over $710 million cash on hand against a net debt of $930 million. This gave the company the confidence to declare a dividend, for payment this month, of 65 cents per share, up from 10 cents one year ago. At the current rate, the dividend gives a yield of 9.5%, far higher than the 2% average dividend found among public companies generally.

RBC’s Tyler Broda likes what he sees here, especially in the company’s ability to keep up returns to shareholders: “We continue to see SBSW attractively priced, generating mining-industry-leading cash returns… With PGM prices stabilizing (especially rhodium), we continue to see the company provide attractive return potential.”

Looking toward the end of the year, the analyst adds, “We estimate the balance sheet to be in a net cash position of $974m by the end of the year, well above the $350m cash buffer suggested by the company's strategic asset allocation.”

In line with these comments, Broda sets an Outperform (i.e. Buy) rating on the stock, with a $28 price target, suggesting room for a whopping 114% growth in the year ahead. (To watch Broda’s track record, click here)

Overall, while there are only two recent reviews on SBSW, they both agree that this is a Buying proposition, giving the stock its unanimous Moderate Buy consensus rating. The share have a $25 average price target, which gives a 77% upside from the current $13.06 trading price. (See SBSW stock analysis on TipRanks)

New Residential Investment (NRZ)

Next up is a real estate investment trust, a category of company long-known as dividend champs. These companies exist to buy up, own, manage, and lease various types of real properties; they also make investments in mortgages and mortgage-backed securities. Tax regulations require them to return a high portion of profits to shareholders, and dividends are a common vehicle for that. New Residential has wide-ranging portfolio, valued at more than $6 billion, with roughly half of the total being mortgage servicing rights.

In recent weeks, New Residential has reported several developments of interest to investors, including second quarter results, an important acquisition, and a substantial increase in its dividend payment. Regarding the quarterly report, the company showed EPS of 26 cents per share, up from a 2-cent per share loss in the year-ago quarter. The merger was the completion of the previously announced purchase of Caliber Home Loans, bringing the mortgage company’s loan origination and servicing into New Residential’s portfolio.

For our purposes here, the dividend may be the most important. New Residential declared a 25 cent per common share payment, to go out in October. At current levels, this annualizes to $1 per share and gives a yield of 9%. New Residential cut its dividend in April of last year, in response to COVID pressures, and has raised it four times since then.

RBC’s Kenneth Lee, rated 5-stars by TipRanks, came away bullish after hearing New Rez’s management in a call on the company’s status. Lee wrote: “We hosted an investor call with the senior management team of NRZ. We came away thinking the combination of NRZ's Newrez-Caliber mortgage business and investment portfolio could allow NRZ to perform well under all rate environments, and we gained further insight into potential market share gains, and recent gain-on-sale margin trends. We continue to favor NRZ given the potential benefit from rising rates with its MSR portfolio, potential for dividend increases over time as earnings grow…”

To this end, Lee rates NRZ shares an Outperform (i.e. Buy) and his $12 price target implies an upside of 9.5% this coming year. Based on the current dividend yield and the expected price appreciation, the stock has 18.5% potential total return profile. (To watch Lee’s track record, click here)

With 4 recent reviews on file, and all to Buy, New Residential gets a unanimous Strong Buy consensus rating. The stock is selling for $10.90 and its $12.63 average target suggests room for ~15% growth in the next 12 months. (See NRZ stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

TORONTO, Sept. 17, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announces that it has applied for its common shares to be trading on the OTC Markets, “QB” level, a U.S. trading platform operated by the OTC Markets Group in New York. The listing of the Company's common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements. As more information becomes available, the Company will keep its shareholders up to date on the status of the application.

The Company has already submitted its Form 211 to the Financial Industry Regulatory Authority (“FINRA”) which, if accepted, will qualify the Company’s shares to trade in the U.S. on the OTC market. The Company will also apply to the Depository Trust Company (“DTC”) for DTC eligibility which would greatly simplify the process of trading the Company’s common shares.

The OTCQB is the premiere marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. Companies must be current in their financial reporting to undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors. The OTCQB is recognized by the Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. Investors can find real-time quote and market information for the Company, once listed, at https://www.otcmarkets.com.

The Company believes that trading on the OTCQB will provide additional liquidity and increase its visibility within the U.S. capital markets. Three Valley Copper will continue to trade on the TSX Venture Exchange under its symbol “TVC”.

Adoption of Long-Term Incentive Plan

The Company also announces it has adopted the long-term incentive plan (the “LTIP”) approved by disinterested shareholders of the Company at its annual general and special meeting of shareholders held on June 2, 2021 (the “Meeting”).

Under the new LTIP, stock options, restricted share units, deferred share units and stock appreciation rights may be granted to directors, officers, employees, service providers and consultants. The LTIP is intended to offer a broader range of incentives than the former stock option plan of the Company to diversify and customize the rewards for management and staff to promote long term retention.

The number of common shares of the Company to be issued under the LTIP, at any time, shall not exceed 10% of the total number of the issued and outstanding common shares. The LTIP provides for up to 10% of issued and outstanding common shares to be reserved for issuance under stock option grants on a “rolling” basis, in addition to a fixed maximum limit of 1,250,000 common shares of the Company reserved for issuance at any time pursuant to grants of restricted share units, deferred share units and stock appreciation rights.

The announcement of the adoption of the LTIP is being made to satisfy the requirements of TSX Venture Exchange Policy 4.4 – Incentive Stock Options. Further details regarding the LTIP are included in the management proxy circular of the Company, which was filed on SEDAR in connection with the Meeting. The LTIP remains subject to final approval by the TSX Venture Exchange.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, PTC Market Group Inc. connects a diverse network of broker-dealers that provide liquidity and execution services. The company enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how OTC Markets Group Inc. creates better informed and more efficient markets, visit www.otcmarkets.com.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release, contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to its application to FINRA to list on the OTC market, future trading of its common shares on such market and the benefits to shareholders, and the application for DTC eligibility.

Although Three Valley Copper believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including the listing application to the OTC Markets being approved. Although the Company believes that the expectations and assumptions on which such Forward-Looking Statements and information are based are reasonable, undue reliance should not be placed on the Forward-Looking Statements and information as the Company cannot give any assurance that they will prove to be correct. Since Forward-Looking Statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize. Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive. Other risk factors that could affect the Company's operations or financial results are included in the Company's Annual Information Form dated March 3, 2021 and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements and information contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and Three Valley Copper does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

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

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on a lighter note, a good company can see its share price rise well over 100%. For instance, the price of Albemarle Corporation (NYSE:ALB) stock is up an impressive 185% over the last five years. Also pleasing for shareholders was the 46% gain in the last three months.

In light of the stock dropping 5.0% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.

Check out our latest analysis for Albemarle

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace…' By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

During five years of share price growth, Albemarle achieved compound earnings per share (EPS) growth of 7.0% per year. This EPS growth is lower than the 23% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on Albemarle's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Albemarle, it has a TSR of 206% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

We're pleased to report that Albemarle shareholders have received a total shareholder return of 132% over one year. That's including the dividend. That's better than the annualised return of 25% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Albemarle better, we need to consider many other factors. For instance, we've identified 4 warning signs for Albemarle that you should be aware of.

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

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

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.

NEW YORK, NY / ACCESSWIRE / September 17, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Coinbase Global, Inc. (NASDAQ:COIN)
This lawsuit is on behalf of all persons and entities that purchased or otherwise acquired Coinbase Class A common stock pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 114,850,769 shares of its Class A common stock, whereby Coinbase began trading as a public company on or around April 14, 2021.
Lead Plaintiff Deadline: September 20, 2021

Throughout the class period, Coinbase Global, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company required a sizeable cash injection; (2) the Company's platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in COIN: https://www.kleinstocklaw.com/pslra-1/coinbase-global-inc-loss-submission-form?id=19645&from=1

Piedmont Lithium Inc. (NASDAQ:PLL)
Class Period: March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: September 21, 2021

During the class period, Piedmont Lithium Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have “strong local government support”; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Learn about your recoverable losses in PLL: https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=19645&from=1

Zymergen Inc. (NASDAQ:ZY)
This lawsuit is on behalf of investors who purchased ZY common stock pursuant and/or traceable to the documents issued in connection with the Company's April 2021 initial public offering.
Lead Plaintiff Deadline: October 4, 2021

According to the complaint, Zymergen Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) during the qualification process for the Company's optical film product, Hyaline, key customers had encountered technical issues, including product shrinkage and incompatibility with customers' processes; (2) though the qualification process was critical to achieving market acceptance for Hyaline and generating revenue, Zymergen lacked visibility into the qualification process; (3) as a result, the Company overestimated demand for its products; (4) as a result of the foregoing, the Company's product delivery timeline was reasonably likely to be delayed, which in turn would delay revenue generation; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in ZY: https://www.kleinstocklaw.com/pslra-1/zymergen-inc-loss-submission-form?id=19645&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

View source version on accesswire.com:
https://www.accesswire.com/664476/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-COIN-PLL-and-ZY

Solitario Exploration & Royalty (XPL) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates — one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate — the consensus of EPS estimates from the sell-side analysts covering the stock — for the current and following years is tracked by the system.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Solitario basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Solitario, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate Revisions

Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

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 #1 Rank (Strong Buy) stocks here >>>>.

Earnings Estimate Revisions for Solitario

For the fiscal year ending December 2021, this precious and base metal miner operating in Peru, Brazil and Mexico is expected to earn -$0.05 per share, which is a change of -66.7% from the year-ago reported number.

Analysts have been steadily raising their estimates for Solitario. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.7%.

Bottom Line

Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Solitario to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

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

Solitario Exploration & Royalty Corp (XPL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

MISSISSAUGA, Ontario, Sept. 17, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (“the Company” or “Canada Carbon” or “CCB”) (TSX-V:CCB), (FF:U7N1), is pleased to announce that it has received the final decision from La Commission de Protection du territoire Agricole du Quebec (“CPTAQ”). On July 21, 2021, the CPTAQ rendered a Notice of Change in Orientation in which it indicated it was prepared to authorize, for a period of two years, the exploratory work required for Canada Carbon to provide additional information for its application file. CPTAQ provided 30 days for comments on its Change of Orientation. Comments were filed with the Commission however they did not affect the ultimate decision as the CPTAQ confirmed on September 16, 2021 that Canada Carbon has been granted two years to conduct exploration work with the purpose of completing its application to the CPTAQ.

As stated in the press release of August 30, 2021, the Company is prioritizing the advancement of the Miller Project and the planning for the upcoming work program and the securing of drillers is already underway.

For further information:

Olga Nikitovic
CEO
Canada Carbon Inc.
info@canadacarbon.com

Valerie Pomerleau
Director Public Affairs and Communications
Canada Carbon Inc.
valerie@ryanap.com
(819) 856-5678

“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.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Mining stocks came under renewed pressure in London on Friday, as iron-ore prices continued to slump amid China’s push to restrict steel production.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Vancouver, British Columbia–(Newsfile Corp. – September 17, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") announced today a non-brokered private placement of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") for gross proceeds of up to $1,500,000 (the "Offering"). The Offering will be available to Canadian and international accredited investors. Red Cloud Securities Inc. of Toronto, Ontario, has agreed to act as a finder for ALX on a "best efforts" basis for the Offering.

Up to 9,523,809 FT Units will be offered at a price of $0.105 per FT Unit consisting of one flow-through common share and one half of one non flow-through common share purchase warrant, and up to 5,263,157 NFT Units will be offered at a price of $0.095 per NFT Unit consisting of one common share and one common share purchase warrant. One whole common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering. One common share purchase warrant from the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering.

Finder's fees will be payable to Red Cloud and other qualified finders in connection with the Offering consisting of 7.0% cash and 7.0% finder's warrants, with each finder's warrant exercisable at price of $0.095 for a period expiring 24 months following the closing date of the Offering. All the securities issuable will be subject to a four-month hold period from the date of closing, which is expected to occur on or about October 8, 2021.

Proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan uranium and gold properties, and on its Ontario nickel and copper properties. Proceeds from the sale of NFT Units will be used for general working capital.

Vixen Gold Project Transaction Update

ALX also announces that the transaction with First Mining Gold Corp. ("First Mining") (TSX: FF) for the Vixen Gold Project ("Vixen") announced on September 9, 2021 has closed (see ALX news release dated September 9, 2021). As prescribed by the terms of the option agreement dated September 7, 2021, the Company has received $250,000 in cash and 291,330 common shares of First Mining, which represent the first stage payments due to ALX under the terms of the Vixen option agreement.

First Mining has the option to earn an initial 70% interest in Vixen by making cash payments totaling $550,000, the issuance of First Mining common shares totaling $400,000 to ALX, and by incurring at least $500,000 of expenditures at Vixen during the first three years of the option term. Upon completing the first stage of the earn-in, First Mining will hold, through its wholly-owned subsidiary company Gold Canyon Resources Inc. ("Gold Canyon"), a 70% interest in Vixen and will have an additional two-year period to acquire the remaining 30% interest in Vixen by electing to make a $500,000 cash payment to ALX and by the issuance of First Mining common shares to ALX totaling $500,000. In the event that First Mining elects not to complete the second stage of the earn-in, ALX and Gold Canyon will enter into a 70%-30% joint venture agreement with respect to Vixen.

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 200,000 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 and the Sabre 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 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. 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 economic, competitive, governmental, public health, environmental and technological factors that may affect the Company's operations, markets, products and share price. 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 Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward looking statement risk factors.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96834

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Vancouver, British Columbia–(Newsfile Corp. – September 17, 2021) – ALX Resources Corp. ("ALX" or the "Company") (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) is pleased to announce that due to strong demand, the Company's non-brokered private placement announced today of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") has been increased for gross proceeds of up to $3,000,000 (the "Offering"). The Offering will be available to Canadian and international accredited investors. Red Cloud Securities Inc. of Toronto, Ontario, has agreed to act as a finder for ALX for the Offering.

Up to 13,333,333 FT Units are offered at a price of $0.105 per FT Unit consisting of one flow-through common share and one half of one non flow-through common share purchase warrant, and up to 16,842,105 NFT Units are offered at a price of $0.095 per NFT Unit consisting of one common share and one common share purchase warrant. One whole common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering. One common share purchase warrant from the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering.

About ALX

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

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96927

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at SQM (SQM), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. SQM currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?

In order to see if SQM is a promising momentum pick, let's examine some Momentum Style elements to see if this chemicals company holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For SQM, shares are up 3.64% over the past week while the Zacks Fertilizers industry is down 0.58% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 17.38% compares favorably with the industry's 8.1% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics — such as performance over the past three months or year — can be useful as well. Over the past quarter, shares of SQM have risen 20.57%, and are up 63.69% in the last year. On the other hand, the S&P 500 has only moved 6.27% and 33.66%, respectively.

Investors should also pay attention to SQM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SQM is currently averaging 1,333,111 shares for the last 20 days.

Earnings Outlook

The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SQM.

Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost SQM's consensus estimate, increasing from $1.24 to $1.44 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom Line

Given these factors, it shouldn't be surprising that SQM is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep SQM on your short list.

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

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What happened After enjoying a nice run-up earlier in the week, uranium stocks melted down on Friday. As of 3:30 p.m. EDT, shares of uranium mining company Energy Fuels (NYSEMKT: UUUU) are down 10%, NexGen Energy (NYSEMKT: NXE) is off 10.

Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the month of September

Friday, September 17, 2021

The US Gulf of Mexico is gradually bringing back idled production capacities – as of today roughly a quarter of oil output remains offline – however the overall anticipation of further stock draws in the US have weighed upon the market sentiment and helped Brent prices home in on the $75 per barrel mark. Ida-triggered supply disruptions will only exacerbate the market tightness in the upcoming weeks, as the pace of global demand recovery exceeds supply increments, despite OPEC+ pushing out more barrels into the market.

China’s Oil Consumption to Peak in 2026. China’s oil consumption is expected to peak around 2026 at 16 mbpd, whilst natural gas will see a much more protracted path to an apogee in 2040 (at 620bcm or 22Tcf), stated the acting chairman of China’s leading refiner Sinopec (SHA:600028).

Petrobras Under Pressure as Fuel Prices Rise. Brazil’s national oil company Petrobras (NYSE:PBR) is coming under increasing domestic scrutiny as the parliament’s speaker claimed he was left unsatisfied with explanations provided by the oil firm’s executive about recent fuel price increases in the Latin American country.

Nickel Prices Rise on Supply Constraints. Nickel prices have been nearing a 7-year high after Indonesia declared it is mulling an export tax on nickel products with less than 70% Ni content, pushing benchmark LME prices up by 3% on Friday, at $19,920 per metric tonne.

Dangote Invites Trading Majors to Finance Refinery. Africa’s richest man Aliko Dangote is in talks with the world’s leading oil trading firms Trafigura and Vitol to co-finance the 600kbpd Dangote Refinery as its cost has ballooned from $12 to $19 billion over the years.

BP Inks Abu Dhabi Clean Energy Deals. UK-based oil major BP (NYSE:BP) signed three agreements with UAE firms ADNOC and Masdar, aiming to develop 2 GW of low-carbon hydrogen production capacity in the UK and the Emirates, as well as to implement a “decarbonized air corridor” between London and Abu Dhabi.

Saudi Aramco Officially Named Marketer of Guyana. Guyana’s government confirmed that Saudi Aramco’s (TADAWUL:2222) trading arm ATL will receive a one-year contract to market the state’s crude entitlement, with the contract running until August 2022.

Fire Halts Key UK Power Interconnector. Just as power prices spiral out of control across Europe, fire on the IFA1 interconnector between the United Kingdom and France has forced 1GW of key interconnection capacity offline until at least until March 2022. Day-ahead British power prices surged 19% on Wednesday to £475 per MWh.

High Interest in Norway’s Licensing Round. The most recent licensing round of new acreage in the Norwegian Continental Shelf has attracted bids from 31 oil firms including NCS regulars Equinor (NYSE:EQNR) and Lundin Energy (STO:LUNE), just as Norway’s election winners, the Labour Party, reiterated their support for further drilling.

Albemarle Ends Chile Strike. The world’s largest lithium producer Albemarle (NYSE:ALB) reached a new 36-month labor contract deal with the workers’ union of the Atacama salt flat plant, ending a month-long strike that jeopardized its production of battery-grade lithium carbonate.

EU Hesitant to Slap Duties on Chinese Aluminium. According to media reports, the EU should slap import duties of 14-25% on Chinese aluminium as it concludes internal investigations into dumping of flat-rolled products, however Brussels seems inclined to suspend their implementation by 9 months, wary of Beijing’s reaction.

Tullow Upgrades Kenya Project Scope. UK-based oil firm Tullow Oil (LSE:TLW) increased the overall resource estimate of its Turkana project that should now have an output plateau of 120kbpd (up 50% from the previous estimate) with a total of 585 million barrels of oil recoverable.

Uranium Price Insanity Continues. The Sprott Physical Uranium Trust continued its purchases, having already aligned on an expanded equity sales program of up to 1 billion in the upcoming months, pushing uranium prices to a 9-year high of $48 per pound of U308.

PEMEX Gives up on Vitol. Mexican national oil company PEMEX cancelled a series of contracts with the world’s largest trader Vitol amidst an ongoing graft investigation that has reportedly uncovered a system of kickbacks and bribes to land supply deals with the Mexican firm.

Hyundai and LG Start Working on Indonesia Gigafactory. Availing themselves of Indonesia’s vast nickel resources, South Korea’s Hyundai Motor (KRX:005380) and LG Energy Solutions started construction on the Southeast Asian country’s first EV battery Gigafactory that would have an initial production rate of 150,000 EV batteries.

Australia’s Coal Mines Might Get Stranded. A report issued by the Australian Central Bank sees the country’s plentiful coal resources becoming stranded under three out of four scenarios that it charted, stoking fears that the world’s biggest exporter of coal might be out of markets by 2030.

By Michael Kern for Oilprice.com

More Top Reads From Oilprice.com:

Read this article on OilPrice.com

Great Western Bancorp (GWB) shares soared 11.9% in the last trading session to close at $32. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8% loss over the past four weeks.

The announcement of the all-stock merger deal worth $2 billion with First Interstate BancSystem drove Great Western Bancorp’s stock higher in last day’s trading session. Per the deal, Great Western Bancorp will merge into First Interstate and the resulting firm will operate under the First Interstate name and brand.

The transaction is expected to be 20% accretive to First Interstate’s earnings per share in 2023, assuming the fully phased-in cost synergies. Following the merger, Great Western Bancorp will be able to offer its customers access to additional branch locations and new products and services, while delivering additional returns to shareholders.

This holding company for Great Western Bank is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of +280%. Revenues are expected to be $111.99 million, up 9.7% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Great Western Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GWB going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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One stock that might be an intriguing choice for investors right now is CNX Resources Corporation CNX. This is because this security in the Oil and Gas – Exploration and Production – United States 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 Oil and Gas – Exploration and Production – United States space as it currently has a Zacks Industry Rank of 40 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, CNX Resources 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.

CNX Resources Corporation Price and Consensus

CNX Resources Corporation price-consensus-chart | CNX Resources Corporation Quote

In fact, over the past month, current quarter estimates have risen from 25 cents per share to 26 cents per share, while current year estimates have risen from $1.13 per share to $1.15 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. 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 CNX Resources. 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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Vancouver, British Columbia–(Newsfile Corp. – September 17, 2021) – On national TV Sat. Sept 18 & Sun. Sept 19, 2021 – BTV-Business Television explores the depth of investments in the Yukon.

Discover Companies to Invest In – Click company name to watch their TV feature:

Snowline Gold (CSE: SGD) (OTCQB: SNWGF) – One of the largest mineral portfolios including a promising project showing a large gold system.

Granite Creek Copper (TSXV: GCX) (OTCQB: GCXXF) – Recently embarked on its largest drill program near the prolific Minto Copper district.

Metallic Minerals (TSXV: MMG) (OTCQB: MMNGF) – Keno Silver District is one of the world's highest-grade past producing districts and Metallic is expanding on the multiple discoveries they made in 2020.

Fireweed Zinc (TSXV: FWZ) – Their impressive 2018 resource estimate on two deposits show ~10 percent zinc equivalent, making them one of the largest undeveloped zinc projects in the world.

Whitehorse Gold (TSXV: WHG) (OTC Pink: WHGDF) – With three drills turning and dozens of showings, this company has incredible gold potential near the past producing Mount Skukum mine.

Victoria Gold (TSX: VGCX) (OTC Pink: VITFF) – The leading Yukon gold developer and producer announces exciting exploration activity and a large new shareholder.

Banyan Gold (TSXV: BYN) – Their primary project outside Mayo has three main target areas Banyan believes to have the potential to host three to five million ounces of gold.

On air for more than 20 years, BTV – Business Television, a half-hour investment TV show, features analysts and emerging companies on location. With Hosts, Taylor Thoen and Jessica Katrichak, BTV brings viewers investment opportunities.

TV BROADCAST NETWORKS and TIMES:
CANADA:

BNN Bloomberg – Saturday Sept 18 @ 8:00pm EST, Sunday Sept 19 @ 4:30pm EST
Bell Express Vu – Saturday Sept 18 @ 8:00pm EST, Sunday Sept 19 @ 4:30pm EST

US National TV:
Biz Television Network – Sun Sept 26 @ 8:30am EST

Suggest a Company to Feature!

Contact: (604) 664-7401 x3 info@b-tv.com

To receive news, click here to subscribe.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96839

Stewart, British Columbia–(Newsfile Corp. – September 16, 2021) – Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) has closed a non-brokered private placement of flow-through and non-flow-through units to raise aggregate gross proceeds of $841,250.

A total of 7,625,000 flow-through units were issued at the price of 7 cents per unit to raise $533,750 and 6,150,000 non flow-through units were issued at the price of 5 cents per unit to raise $307,500. Each flow-through unit consists of one flow-through common share of the company and one transferable non-flow-through common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of ten cents per share. Each non flow-through unit consists of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of 8 cents per share.

All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the units, are subject to a hold period and may not be traded in Canada until January 15, 2022, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

In consideration for introducing certain subscribers to the private placement, the company paid a cash finder's fee totaling $4,050 to certain finders.

Edward Kruchkowski, CEO of the Company, participated in the private placement for a total of $203,000.

The proceeds from the sale of the flow-through units will be expended on the company's properties located in British Columbia and the proceeds from the sale of non-flow-through units will be used for working capital purposes.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"
Ed Kruchkowski, President

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

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96779

MELBOURNE, September 16, 2021–(BUSINESS WIRE)–On 2 March 2021 the Australian Taxation Office (ATO) issued Rio Tinto Limited with amended assessments related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. The borrowing was repaid in 2018.

The ATO has today issued further assessments in relation to the same transaction levying penalties of A$352m (US$257.9m) and reducing the original interest assessment from A$47m to A$27m (US$19.8m).

Borrowing to fund the payment of a dividend is a normal commercial practice. Rio Tinto is confident of its position and will dispute the primary tax and penalty assessments. In accordance with the usual practice Rio Tinto has paid 50% of the primary tax up-front as part of the objections process. Penalties and interest are not required to be paid until the primary tax matter is resolved.

Rio Tinto Limited paid more than A$8.4bn (US$6.4bn) of Australian income tax during the relevant period.

Please direct all enquiries to media.enquiries@riotinto.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210915006227/en/

Contacts

Media Relations, UK

Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas

Matthew Klar
T +1 514 608 4429

Investor Relations, UK

Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Media Relations, Australia

Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia

Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc

6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited

Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: General

Greg Ferron, Frank Hoegel, and certain other shareholders, who, together, hold in aggregate of approximately 12 million shares, have agreed to reverse their previous votes and will vote FOR Fancamp’s director nominees. Mr. Ferron will be appointed to Fancamp’s board of directors.

As part of the agreement, Fancamp and ScoZinc have agreed to terminate the ScoZinc transaction. Instead, Fancamp will purchase, by way of a private placement, 1,969,697 common shares of ScoZinc at $0.66 per share for $1,300,000. The $300,000 termination fee payable by Fancamp to ScoZinc will be credited towards the private placement purchase price.

In light of the recent court decision in favour of Fancamp, shareholders have expressed a clear desire to move forward with a strong corporate strategy and avoid further costs and delays.

VANCOUVER, British Columbia, September 16, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) today announced that it has entered into an agreement with Mr. Greg Ferron (the "Agreement"). Mr. Ferron has withdrawn his agreement to serve as a nominee on Mr. Peter H. Smith’s dissident slate, and Mr. Ferron, Frank Hoegel and certain other shareholders will reverse their previous votes and vote FOR Fancamp’s director nominees.

The Agreement aligns the interests of shareholders with the Fancamp Board of Directors (the "Board") and management. Pursuant to the terms of the Agreement:

Mr. Ferron will be appointed to Fancamp’s Board, replacing Mr. Paul Ankcorn who is resigning. Following the Corporation’s annual general meeting ("AGM"), it is contemplated that Mr. Ankcorn and two other directors will be replaced by Mr. Ferron and two of his nominees who are acceptable to the Board.

The proposed business combination between Fancamp and ScoZinc Mining Ltd. ("ScoZinc") has been terminated. Instead, Fancamp will purchase, by way of a private placement, 1,969,697 common shares of ScoZinc at $0.66 per share for $1,300,000. The $300,000 termination fee will be credited towards the private placement and Fancamp will pay the balance of $1,000,000. Once the private placement has closed, ScoZinc will appoint one nominee of Fancamp to its board of directors. ScoZinc will also issue 378,788 common shares to Fancamp at a price of $0.66 per share on a shares-for-debt basis to satisfy the $250,000 loan and any other amounts that ScoZinc may owe to Fancamp as part of the loan. This arrangement, which Mr. Ferron supports, will allow Fancamp to benefit from ScoZinc’s production potential and corporate upside. The foregoing is subject to regulatory approval.

Following the AGM, the Board will advance the Corporation’s strategic plan focused on: exploration properties, titanium technology and strategic alternatives. Fancamp looks forward to working collaboratively with Mr. Ferron and other advisory members.

Vote Your Gold Proxy Today

Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees. Fancamp remains committed to holding the AGM as soon as possible and will advise shareholders of a new date in due course.

If you have any questions or need help voting, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

Advisors

Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, information and statements relating to the Corporation’s annual general meeting, and objectives, goals or future plans. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005305/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

(Bloomberg) — The Canadian firm behind the world’s only physical uranium fund said hedge funds and family offices are driving up demand for the radioactive metal used to fuel nuclear reactors.

The Sprott Physical Uranium Trust has itself been on a buying spree, bolstering its stockpile by 45% in four weeks after snapping up 8.1 million pounds of the commodity while prices soared. Uranium has surged 40% this month, putting pressure on utility owners and other users when supplies are dwindling and demand is set to take off thanks to more reactors being built around the world.

“I don’t think we’re crowding them out,” said John Ciampaglia, chief executive officer of Sprott Asset Management, which oversees the trust. “You’ve got end users that are trying to buy materials, you’ve got speculators and financial intermediaries in the market as well.”

Investment demand from non-utility buyers such as hedge funds and family offices has been strong this year, even before Sprott Inc.’s asset-management unit launched its trust on July 19, according to Ciampaglia. A few uranium development companies bought the physical commodity after raising equity in the capital markets rather than parking the proceeds into cash, he said.

Still, Sprott’s trust holds about 26 million pounds of uranium, equal to about 14% of the annual consumption from the world’s nuclear reactors. The closed-end fund was formed out of an April takeover of Uranium Participation Corp., which held 18 million pounds of uranium, and its trust units trade on the Toronto Stock Exchange. The fund invests and holds substantially all of its assets in uranium, which is stored in highly secured facilities in Canada, France and the U.S.

Units of Sprott Physical Uranium Trust rose 0.9% at 10:15 a.m. trading in Toronto, lifting September’s gain to 42%.

Historically low prices and pandemic-driven mine disruptions have prompted uranium producers including Cameco Corp. to buy from the spot market to fulfill their long-term contracts with consumers. That means stockpiling by the Sprott fund may have the potential for tightening the market and boosting prices.

The robust investment demand is built on a growing realization that nuclear power is becoming more accepted by policymakers worldwide as a way to limit greenhouse-gas emissions, Ciampaglia said Wednesday in an interview.

“That’s something that’s just recent, and you’re seeing this from the Biden administration acknowledging and providing support for nuclear,” he said. “And the European Union clearly identifies nuclear as part of the taxonomy.”

Uranium is also getting a boost from generalist investors who are seeking investments that meet environmental, social and governance criteria or support the energy shift away from fossil fuels, he said.

Then there’s the recent buzz from retail investors, with uranium becoming a recent target of the meme-stock frenzy that share tips on Reddit message boards. Cameco, the world’s second-largest uranium miner, was the most searched stock symbol on Monday, according to WallStreetBets Ticker Sentiment.

Reddit day-traders “seem to be into it,” Bloomberg Intelligence analyst Eric Balchunas said in an interview. “When you have something that’s starting to surge that’s been beaten for 10 years and there’s some more room to run potentially, I think that’s what they’re trying to do.”

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In this article, we discuss the 12 best meme stocks to invest in. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Meme Stocks to Invest In.

Retail trading has increased dramatically as a result of zero-commission online trading platforms and fractional share trading. In a Bloomberg TV interview, Citadel Securities Execution Services director Joe Mecane stated that retail investors accounted for 25% of stock market activity in mid-2020. According to Deloitte, retail trading has the same equity trading as mutual funds and hedge funds combined in early 2021.

Internet platform Reddit has a special importance in this rise of retail investing. Reddit's "WallStreetBets" thread is used by millions of young investors who band together to invest in what are often known as "meme stocks."

GameStop is perhaps the biggest embodiment of the meme stock craze that is taking over the US markets over the last few months. Thousands of Redditors joined hands to buy GameStop Corp. (NYSE: GME) to counter institutional investors who shorted the videogame retailer stock, causing hedge funds to incur billions in losses this year. GME stock is up over 1000% year to date.

Luis Louro / shutterstock.com

The rise of retail investors worsened the situation for the hedge fund industry, which was already wavering. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn't keep up with the unhedged returns of the market indices. On the other hand, 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 124 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 more than 124 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.

Our Methodology

With this context in mind, here is our list of the 12 best meme stocks to invest in. They were picked keeping in mind the hype around the companies on Reddit forum WallStreetBets.

Labelling the stocks in this list as "meme stocks" does not mean all stocks mentioned here lack any fundamentals or business models. We called them meme stocks because they are extremely popular among Reddit investors.

Some of the meme stocks that are gaining momentum at the time of this writing include AMC Entertainment Holdings, Inc. (NYSE: AMC), Clover Health Investments, Corp. (NASDAQ: CLOV), Palantir Technologies Inc. (NYSE: PLTR), Affirm Holdings, Inc. (NASDAQ: AFRM), and SoFi Technologies, Inc. (NASDAQ: SOFI). These are the stocks that are most frequently discussed on WallStreetBets, a 10-million-strong Reddit forum.

We ranked these stocks based on the number of hedge funds having stakes in them, according to our data of over 873 hedge funds. We also included analyst ratings for each company to help readers make more informed investment decisions.

Best Meme Stocks To Invest In

12. Rocket Lab USA, Inc. (NASDAQ: RKLB)

Number of Hedge Fund Holders: N/A

Percentage gain in the past month: 75.99%

We start our list of the 12 best meme stocks to invest in with California-based aerospace company Rocket Lab USA, Inc. (NASDAQ: RKLB). The company develops and launches satellites and spacecraft for commercial, academic, defense, and civil markets. Rocket Lab USA, Inc. (NASDAQ: RKLB) has completed 21 launch missions, some of which were for NASA, the US Space Force (USSF), and the US Air Force.

On August 25, Rocket Lab USA, Inc. (NASDAQ: RKLB) completed its merger with Vector Acquisition Corporation (Nasdaq: VACQ). On September 8, Rocket Lab USA, Inc. (NASDAQ: RKLB) was secured a multi-launch contract from Kinéis, a French IoT connectivity provider, to deploy 25 satellite constellations across five dedicated Electron flights. The launch is set to begin in the second quarter of 2023.

The company has a market cap of $6.5 billion. In the first half of 2021, Rocket Lab USA, Inc. (NASDAQ: RKLB) recorded a revenue of $29.5 million, up 237% year over year. Shares of Rocket Lab USA, Inc. (NASDAQ: RKLB) skyrocketed 43.44% in the past three months.

11. Hut 8 Mining Corp. (NASDAQ: HUT)

Number of Hedge Fund Holders: 4

Percentage gain in the past month: 49.93%

Hut 8 Mining Corp. (NASDAQ: HUT) is a cryptocurrency mining company based in Toronto that ranks 11th on the list of 12 best meme stocks to invest in. Hut 8 Mining Corp(NASDAQ: HUT) offers blockchain infrastructure and technology solutions for bitcoin mining.

The company has a market cap of $1.91 billion. In the second quarter of 2021, Hut 8 Mining Corp. (NASDAQ: HUT) reported an EPS of -$0.14, missing estimates by -$0.16. The company's second-quarter revenue came in at $26.81 million and beat revenue estimates by $4.54 million.

At the end of the second quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $2.01 million in Hut 8 Mining Corp. (NASDAQ: HUT), up from 0 in the previous quarter.

Just like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Clover Health Investments, Corp. (NASDAQ: CLOV), Palantir Technologies Inc. (NYSE: PLTR), Affirm Holdings, Inc. (NASDAQ: AFRM), and SoFi Technologies, Inc. (NASDAQ: SOFI), Hut 8 Mining Corp. (NASDAQ: HUT) is a good stock to invest in, according to market analysts.

10. Vinco Ventures, Inc. (NASDAQ: BBIG)

Number of Hedge Fund Holders: 5

Percentage Gain in past five days: 258.13%

Vinco Ventures, Inc. (NASDAQ: BBIG) is an acquisition company based in Pennsylvania that ranks 10th on the list of 12 best meme stocks to invest in. The company is involved in consumer product research and development and offers a web-based platform and operation for connecting product innovators with potential licensees.

Vinco Ventures, Inc. (NASDAQ: BBIG) shares increased 14.8% on September 8 following the release of its 2021 Annual Proxy details and a corporate update.

The company has a market cap of $719 million. The company's second-quarter revenue came in at $2.69 million. Vinco Ventures, Inc.'s (NASDAQ: BBIG) gross margin increased to 36.06%, up from 22.59% in the same quarter in 2020. Shares of Vinco Ventures, Inc. (NASDAQ: BBIG) increased 450% in the past twelve months.

At the end of the second quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $3.26 million in Vinco Ventures, Inc. (NASDAQ: BBIG), up from 1 in the previous quarter worth $59,000.

Just like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Clover Health Investments, Corp. (NASDAQ: CLOV), Palantir Technologies Inc. (NYSE: PLTR), Affirm Holdings, Inc. (NASDAQ: AFRM), and SoFi Technologies, Inc. (NASDAQ: SOFI), Vinco Ventures, Inc. (NASDAQ: BBIG) is gaining popularity among Reddit investors.

9. Dynavax Technologies Corporation (NASDAQ: DVAX)

Number of Hedge Fund Holders: 15

Percentage gain in the past month: 32.95%

Dynavax Technologies Corporation (NASDAQ: DVAX) is a California-based biopharmaceutical company, and it ranks 9th on the list of 12 best meme stocks to invest in. Dynavax Technologies Corporation (NASDAQ: DVAX) developed the HEPLISAV-B hepatitis B vaccine.

Dynavax Technologies Corporation (NASDAQ: DVAX) saw its stock rise 14.4% after Taiwan-based biotechnology company Medigen Vaccine Biologics Corporation announced the launch of their COVID-19 vaccine MVC-COV1901.

On August 31, H.C. Wainwright analyst Edward White maintained a Buy rating on Dynavax Technologies Corporation (NASDAQ: DVAX) and increased his price target to $23 per share from $20 previously, highlighting the company's ingredient offering for COVID-19 vaccines.

The company has a market cap of $2.03 billion. In the second quarter of 2021, Dynavax Technologies Corporation (NASDAQ: DVAX) reported an EPS of $0.02, beating estimates by $0.06. The company's second-quarter revenue came in at $52.77 million and beat revenue estimates by $4.27 million.

At the end of the second quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $101 million in Dynavax Technologies Corporation (NASDAQ: DVAX), up from 14 in the previous quarter worth $81.3 million.

Out of the hedge funds being tracked by Insider Monkey, hedge fund firm Partner Fund Management is a leading shareholder in Dynavax Technologies Corporation (NASDAQ: DVAX), with 2,990,770 shares worth more than $29 million.

Just like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Clover Health Investments, Corp. (NASDAQ: CLOV), Palantir Technologies Inc. (NYSE: PLTR), Affirm Holdings, Inc. (NASDAQ: AFRM), and SoFi Technologies, Inc. (NASDAQ: SOFI), Dynavax Technologies Corporation (NASDAQ: DVAX) is gaining momentum on the back of interest from Reddit investors.

8. AMC Entertainment Holdings, Inc. (NYSE: AMC)

Number of Hedge Fund Holders: 21

Percentage gain in the past month: 49.87%

Theatre giant AMC Entertainment Holdings, Inc. (NYSE: AMC) ranks 8th on the list of 12 best meme stocks to invest in. The Kansas-based movie house has operated 593 domestic theatres and 335 international theatres as of June 30, 2021.

AMC Entertainment Holdings, Inc. (NYSE: AMC) saw its stock rise 13% in the second week of September on the back of solid weekend box office results, with Shang-Chi and the Legend of the Ten Rings smashing holiday box office records with a $90 million four-day debut.

The company has a market cap of $22.60 billion. In the second quarter of 2021, AMC Entertainment Holdings, Inc. (NYSE: AMC) reported an EPS of -$0.71, beating estimates by $0.25. The company's second-quarter revenue came in at $444.70 million and beat revenue estimates by $62.59 million. The stock has gained 58% in the previous months and 744% in the last twelve months.

At the end of the second quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $404 million in AMC Entertainment Holdings, Inc. (NYSE: AMC), up from 19 in the previous quarter worth $34 million.

Out of the hedge funds being tracked by Insider Monkey, Illinois-based hedge fund firm Citadel Investment Group is a leading shareholder in AMC Entertainment Holdings, Inc. (NYSE: AMC) with 8,406,600 shares worth more than $476 million.

Heartland Advisors mentioned AMC Entertainment Holdings, Inc. (NYSE: AMC) in its Q2 2021 investor letter:

"AMC is up a whopping 2,500% since the beginning of the year. Even AMC management seems stunned by the mind-boggling rise in its shares as witnessed by the following quote from a prospectus the company filed to issue more shares.

'We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last.'

We too don't believe that prices are tied to valuation metrics for the theater and entertainment company. At current levels, shares of AMC are trading at roughly 63X sales. It's a steep price for a company that has been losing money for years and isn't expected to turn a profit in the coming year. No wonder insiders have cashed in on the mania and unloaded over $200 million in stock since March.

Hope is not a strategy

While valuations for AMC are an extreme example, speculative fever is running rampant. Investors have been clamoring to pay premium prices in hopes that the current goldilocks moment of low interest rates, easy sales comparisons and low inflation will go on forever. The appetite for pricey unicorns in a quest for quick gains was a drag on performance for your portfolio, and the Fund modestly underperformed the benchmark for the period.

Despite stratospheric valuations in many areas of the market, attractive valuations still exist if you know where to look. A good place to start is among small caps.

Looking at price to sales metrics, as shown below, smaller businesses are trading at discount levels versus their large counterparts not seen since the dotcom bubble. Price to sales is one of the metrics we look at when examining businesses. Over the years, it has served as an effective tool in identifying compelling opportunities when incorporated with other fundamentals."

7. Clover Health Investments, Corp. (NASDAQ: CLOV)

Number of Hedge Fund Holders: 23

Percentage gain in the past month: 94.89%

Clover Health Investments, Corp. (NASDAQ: CLOV) is a Tennessee-based healthcare company, and it ranks 7th on the list of 12 best meme stocks to invest in. Clover Health Investments, Corp. (NASDAQ: CLOV) provides health plans to Medicare-eligible clients.

On September 2, Clover Health Investments, Corp. (NASDAQ: CLOV) received a Neutral rating and a $10 price target from Citi analyst Ralph, noting the company's Medicare Advantage penetration.

The company has a market cap of $3.63 billion. In the second quarter of 2021, Clover Health Investments, Corp. (NASDAQ: CLOV) reported an EPS of -$0.78, missing estimates by -$0.64. The company's second-quarter revenue came in at $412.47 million, an increase of 140% year over year, and beat revenue estimates by $207.09 million.

At the end of the second quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $1.41 billion in Clover Health Investments, Corp. (NASDAQ: CLOV).

Out of the hedge funds being tracked by Insider Monkey, San Francisco-based hedge fund firm Greenoaks Capital is a leading shareholder in Clover Health Investments, Corp. (NASDAQ: CLOV), with 96,331,338 shares worth more than $1.28 billion.

6. Cameco Corporation (NYSE: CCJ)

Number of Hedge Fund Holders: 25

Percentage gain in the past month: 38.96%

Cameco Corporation (NYSE: CCJ) is a Canadian uranium producer, and it ranks 6th on the list of 12 best meme stocks to invest in. Cameco Corporation (NYSE: CCJ) sells uranium to be used as fuel in nuclear power reactors.

On September 7, Raymond James analyst Brian McArthur maintained an Outperform rating on Cameco Corporation (NYSE: CCJ) and increased his price target to C$29 per share from C$25 previously. Cameco Corporation (NYSE: CCJ) saw its shares rise 6% on September 10 as uranium prices rose and uranium stocks rallied.

The company has a market cap of $9.73 billion. In the second quarter of 2021, Cameco Corporation (NYSE: CCJ) reported an EPS of -$0.08, missing estimates by -0.03. The company's revenue in the second quarter came in at $286.50 million. The stock has gained 82%, year to date, and 123% in the previous year.

At the end of the second quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $587 million in Cameco Corporation (NYSE: CCJ), down from 30 hedge funds in the previous quarter worth $492 million.

Out of the hedge funds being tracked by Insider Monkey, Florida-based investment firm Kopernik Global Investors is a leading shareholder in Cameco Corporation (NYSE: CCJ) with 9.2 million shares worth more than $175 million.

Click to continue reading and see the 5 Best Meme Stocks to Invest In.

The Last 12 Months Of Insider Transactions At Native Mineral Resources Holdings

The Non-Executive & Independent Director Philip Gardner made the biggest insider purchase in the last 12 months. That single transaction was for AU$87k worth of shares at a price of AU$0.37 each. That means that even when the share price was higher than AU$0.23 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months Native Mineral Resources Holdings insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Have Native Mineral Resources Holdings Insiders Traded Recently?

MD, CEO & Director Blake Cannavo bought just AU$5.1k worth of shares in that time. That's not much at all. Looking at the net result, we don't think these recent trades shed much light on how insiders, as a group, are feeling about the company's prospects.

Does Native Mineral Resources Holdings Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Native Mineral Resources Holdings insiders own about AU$14m worth of shares (which is 71% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Native Mineral Resources Holdings Tell Us?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like Native Mineral Resources Holdings insiders think the business has merit. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Native Mineral Resources Holdings has 4 warning signs (and 2 which shouldn't be ignored) we think you should know about.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has signed a contract with Prospectair Geosurveys Inc. of Quebec to conduct a high resolution airborne Magnetic and Time-Domain Electromagnetic (TDEM) geophysical survey on the Pic River PGE-Cu-Ni Property, located 30 km northwest of Marathon, Ontario. The survey is scheduled to begin in early November 2021 and be completed over a period of 3 to 5 days.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 1: Plato Gold Corp. Media Snippet

Pic River Property Location

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 2: Plato Gold Corp. Media Snippet

Geophysical Survey Plan (Prospectair Geosurveys Inc.)

The survey planned for Pic River Property will assist in outlining potential PGE-Cu-Ni targets within the favourable layered gabbro series that extends west onto Plato Gold’s Pic River claims from Generation Mining Limited’s Sally Zone Deposit. The layered gabbro unit, which occupies the eastern and northern rim of the Coldwell Alkalic Complex, was identified and mapped by Walker et al. (1993) of the Ontario Geological Survey, as representing the basal portion of the complex.

The layered gabbro unit also hosts other PGE-Cu-Ni mineralized zones including the Marathon Palladium-Copper Deposit along the eastern rim of the complex. Generation Mining is currently awaiting environmental approval for the development of an open pit mining operation. The current Measured and Indicated mineral resource estimate for the Marathon Deposit consists of 3.24 Moz Pd, 1.06 Moz Pt, 796 Mlb Cu, 9.34 Moz Ag and 0.39 Moz Au (Generation Mining Limited website, September 2021).

Anomalies generated by Plato Gold’s upcoming airborne geophysical survey will be used to define targets for a planned diamond drilling program on the Pic River PGE-Cu-Ni Property.

It should be noted that mineralization hosted on Generation Mining’s adjacent Marathon Property is not necessarily indicative or representative of mineralization hosted on the Company’s property. Further exploration work by Plato Gold is required to determine the composition and continuity of the favorable mineralized gabbro horizon across the Pic River Property.

The technical and scientific disclosures in this news release have been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a ‘Qualified Person’ (QP) under National Instrument 43-101.

About Plato Gold Corp.

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

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

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

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

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

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

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

For further information, please contact:

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

Forward-Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

VANCOUVER, British Columbia, Sept. 16, 2021 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2), is pleased to announce that its common shares have commenced trading on the OTCQB marketplace under the symbol “AZURF”. The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol “AAZ”.

The Company expects that the listing on the OTCQB will provide greater visibility and convenience of trading for US investors, resulting in enhanced liquidity and greater reach.

“Trading on the OTCQB gives us the ability to access a larger audience which is an important factor in the Company’s development,” said Alex Klenman, President and CEO. “The US market is obviously extremely significant, and the listing upgrade gives millions of US investors easier access to buy and trade our shares. As the uranium space picks up greater visibility and interest, our ability to introduce the Company to more people during this time of heightened investor awareness is a critical part of our growth strategy,” continued Mr. Klenman.

The OTCQB Venture Market is for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.

In addition to the TSX Venture and OTCQB listings, the Company continues to trade on the Frankfurt Stock Exchange under the symbol “A0U2”.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

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

This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

Figure 1

The Vallée property in the immediate eastern proximity of the North American Lithium Mine, the bulk sample location and the laid out drill holes.

Figure 2

CEO Rene Bharti, Chairman Dr. Andreas Rompel and project geologist Alexandr Beloborodov at the drilling site at the Vallée property.

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (“Jourdan” or the “Company“) is pleased to announce that the first drillhole of its fall campaign has commenced starting with hole No. VAL 21-2-3 approximately 110m east southeast from the bulk sample taken in 2018 and 100m east of the fence line drilled in 2011 (Fig. 1).

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0fa4fc36-5fe4-4435-9f6a-cb76f9974313

The 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 Vallee property, which borders with the North American Lithium mine. This new drilling campaign aims at completing two more fence lines across the 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 pegmatites swarm 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 grade (see press release of the Company dated April 29 2021), which have encouraged the Company to continue exploration and drill along the strike and depth extent on its Vallée property.

Rene Bharti, CEO of Jourdan (Fig. 2), stated, “We believe this drill program will allow the Company to move forward with its goal to become Quebec’s next near-term lithium producer. Jourdan possess a large land package, and we hope that this drill program will be the beginning of a much larger campaign on our property overall. Furthermore, we are optimistic that the program will help us build a resource for the Company in the future.”

Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We are excited to commence a new phase of exploration on our Vallée property and explore and develop the extent of the lithium mineralisation along the pegmatite swarm. After having received the positive results from the bulk sample, we feel highly encouraged to better define the strike length of the spodumene-bearing pegmatites.”

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/25bcb18f-1c48-48e2-8f65-37100bfa1e83

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

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 Company’s ability to complete a 2000m drilling campaign at its Vallée property, any future drilling campaigns, any resources at the Vallée property and the Company’s ability to execute its business plan, including its ambition to become Quebec’s next near-term 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; 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.

To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. Speaking of which, we noticed some great changes in Intrepid Potash's (NYSE:IPI) returns on capital, so let's have a look.

Return On Capital Employed (ROCE): What is it?

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 Intrepid Potash is:

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

0.0077 = US$3.8m ÷ (US$557m – US$66m) (Based on the trailing twelve months to June 2021).

So, Intrepid Potash has an ROCE of 0.8%. In absolute terms, that's a low return and it also under-performs the Chemicals industry average of 10.0%.

View our latest analysis for Intrepid Potash

In the above chart we have measured Intrepid Potash's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.

The Trend Of ROCE

We're delighted to see that Intrepid Potash is reaping rewards from its investments and has now broken into profitability. While the business was unprofitable in the past, it's now turned things around and is earning 0.8% on its capital. On top of that, what's interesting is that the amount of capital being employed has remained steady, so the business hasn't needed to put any additional money to work to generate these higher returns. With no noticeable increase in capital employed, it's worth knowing what the company plans on doing going forward in regards to reinvesting and growing the business. So if you're looking for high growth, you'll want to see a business's capital employed also increasing.

Our Take On Intrepid Potash's ROCE

To sum it up, Intrepid Potash is collecting higher returns from the same amount of capital, and that's impressive. Since the stock has returned a staggering 173% to shareholders over the last five years, it looks like investors are recognizing these changes. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.

If you'd like to know about the risks facing Intrepid Potash, we've discovered 2 warning signs that you should be aware of.

While Intrepid Potash isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

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

NEW YORK, Sept. 15, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Piedmont Lithium Inc. (NASDAQ: PLL), Iterum Therapeutics plc (NASDAQ: ITRM), and HyreCar Inc. (NASDAQ: HYRE). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Piedmont Lithium Inc. (NASDAQ: PLL)

Class Period: March 16, 2018 and July 19, 2021

Lead Plaintiff Deadline: September 21, 2021

On July 20, 2021, before market hours, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors.” Among other things, the article reported that “[t]he company […] has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so.” The article went on to report that “[f]ive of the seven members of the county’s board of commissioners, who control zoning changes, say they may block or delay the project[.]”

On this news, Piedmont shares fell $12.56 per share over the trading day, or nearly 20%, to close at $50.52 per share on July 20, 2021.

The complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (ii) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (iii) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (iv) Piedmont and its lithium business does not have “strong governmental support”; and (v) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

For more information on the Piedmont Lithium class action go to: https://bespc.com/cases/PLL

Iterum Therapeutics plc (NASDAQ: ITRM)

Class Period: November 30, 2020 to July 23, 2021

Lead Plaintiff Deadline: October 4, 2021

On July 1, 2021, Iterum issued a press release “announc[ing] that the Company received a letter from the [U.S. Food and Drug Administration (“FDA”)] stating that, as part of their ongoing review of the [sulopenem New Drug Application “NDA”], the agency has identified deficiencies that preclude the continuation of the discussion of labeling and post marketing requirements/commitments at this time.”

On this news, Iterum’s ordinary share price fell $0.87 per share, or 37.99%, to close at $1.42 per share on July 2, 2021.

Then, on July 26, 2021, Iterum issued a press release announcing that it had received a Complete Response Letter from the FDA for the sulopenem NDA, “provid[ing] that the FDA has completed its review of the NDA and has determined that it cannot approve the NDA in its present form.”

On this news, Iterum’s ordinary share price fell $0.499 per share, or 44.16%, to close at $0.631 per share on July 26, 2021.

The complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) the sulopenem (“NDA”) lacked sufficient data to support approval for the treatment of adult women with uncomplicated urinary tract infections (“uUTIs”) caused by designated susceptible microorganisms proven or strongly suspected to be non-susceptible to a quinolone; (ii) accordingly, it was unlikely that the FDA would approve the sulopenem NDA in its current form; (iii) defendants downplayed the severity of issued and deficiencies associated with the sulopenem NDA; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

For more information on the Iterum class action go to: https://bespc.com/cases/ITRM

HyreCar Inc. (NASDAQ: HYRE)

Class Period: May 14, 2020 to August 10, 2021

Lead Plaintiff Deadline: October 26, 2021

On August 10, 2021, HyreCar announced deeply disappointing results for the quarterly period ended June 30, 2021 (“Q2 2021”), including net losses of $9.3 million compared to losses of $3.8 million in the same period the prior year. Furthermore, HyreCar’s adjusted EBITDA loss for Q2 2021 was $7.1 million (four times higher than the $1.7 million adjusted EBITDA loss experienced in the second quarter of 2020) and its gross profit for Q2 2021 was just $0.8 million (less than one third HyreCar’s gross profit in the second quarter of 2020), with a gross profit margin of just 24%. Contemporaneously with the release, HyreCar disclosed that HyreCar had incurred skyrocketing costs of revenue during the quarter primarily as a result of significantly higher insurance claims incidence, including claims before March 31, 2021 “in excess of the reserves.” During HyreCar’s earnings call, executives revealed that HyreCar had been forced to revamp its claims processes and procedures and improve its risk price adjustments for policies issued by HyreCar. And when asked whether HyreCar was actually on track to achieve 45% to 50% gross margins in the near term as previously represented, HyreCar’s CFO essentially withdrew this goal, calling it a “shoot for the sky” aim and stating that “shooting for margin upwards of 40%” was more realistic.

On this news, HyreCar’s stock price fell $9.27 per share, nearly 50%, closing at $9.85 per share on August 11, 2021.

The complaint alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) HyreCar had materially understated its insurance reserves; (ii) HyreCar had systematically failed to pay valid insurance claims incurred prior to the Class Period; (iii) HyreCar had incurred significant expenses transitioning to its new third-party insurance claims administrator and processing claims incurred from prior periods; (iv) HyreCar had failed to appropriately price risk in its insurance products and was experiencing elevated claims incidence as a result; (v) HyreCar had been forced to dramatically reform its claims underwriting, policies, and procedures in response to unacceptably high claims severity and customer complaints; and (vi) as a result, HyreCar's operations and prospects were misrepresented because HyreCar was not on track to meet the financial estimates provided to investors during the Class Period, and such estimates lacked a reasonable basis in fact, including HyreCar’s purported gross margin, earnings before interest, taxes, depreciation, and amortization (“EBITDA”), and net loss trajectories.

For more information on the HyreCar class action go to: https://bespc.com/cases/HYRE

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

GOLDEN, Colo., September 16, 2021–(BUSINESS WIRE)–Golden Minerals Company ("Golden Minerals", "Golden" or the "Company") (NYSE-A: AUMN and TSX: AUMN) is pleased to announce additional assay results from 20 recently completed diamond drill holes and to announce it has commenced a reverse circulation drill program focusing on resource definition at its Rodeo gold-silver mine located in Durango State, Mexico.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210916005176/en/

Figure 1: Diamond drill-hole locations, Rodeo Project (Graphic: Business Wire)

The reverse circulation program is being conducted by Major Drilling and will consist of 35 drill holes totaling approximately 2,500 meters. The program is designed to expand on the high-grade resource currently being mined and to drill several exploration targets located adjacent to the open pit. The reverse circulation drilling is expected to be completed in September.

The Company has reported assay results from an additional 20 holes, totaling 1,253 meters, from the ongoing diamond drilling program that is exploring for the continuation of Au-Ag mineralization to the north of the current mining area. Drilling has intersected several wide zones of disseminated gold mineralization and has identified several additional high-grade zones that appear to be hosted in a series of silicified structures running parallel to the high-grade gold zones currently being mined. Highlights of the new assay results include:

RDO_21_028

78.7m grading 1.06 g/t Au and 10.1 g/t Ag
Including 13.9m grading 2.88 g/t Au and 4.3 g/t Ag

RDO_021_022

70.0m grading 0.56 g/t Au and 6.0 g/t Ag
Including 14.2m grading 1.07 g/t Au and 14.8 g/t Ag

RDO_021_018

64.4m grading 0.85 g/t Au and 8.6 g/t Ag

RDO_021_011A

26.0m grading 0.82 g/t Au and 6.5 g/t Ag

Significant results are summarized in the table below, with complete results available on the Company website. [link]

Hole ID	From	To	Interval	Au (g/t)	Ag (g/t)
RDO_021_011	Hole lost before reaching target depth
RDO_021_011A	21.3	47.3	26.0	0.82	6.5
including	21.3	26.9	5.6	1.71	6.4
including	46.8	47.3	0.6	5.65	77.9
RDO_021_012	24.0	40.8	16.8	0.74	7.1
including	35.8	40.8	5.1	1.43	16.6
RDO_021_013	27.2	27.7	0.5	1.04	6.2
RDO_021_014	Hole lost before reaching target depth
RDO_021_014B	No Significant Results
RDO_021_015	59.2	59.7	0.5	1.15	1.5
RDO_021_016	29.2	30.8	1.6	1.00	3.1
RDO_021_017	24.5	53.6	29.1	0.58	6.0
including	43.7	45.8	2.2	1.04	10.2
including	51.1	53.6	2.6	1.97	26.1
RDO_021_018	0.0	64.4	64.4	0.85	8.6
including	0.0	4.5	4.5	2.39	1.9
including	0.0	1.6	1.6	5.81	2.1
including	34.3	53.9	19.6	1.07	14.4
including	45.6	52.6	7.0	1.51	21.3
RDO_021_019	23.5	24.9	1.4	1.16	16.3
RDO_021_019	43.2	44.6	1.4	1.14	27.4
RDO_021_020	3.0	49.9	47.0	0.58	2.9
Including	3.0	8.3	5.3	1.22	3.2
Including	35.9	42.1	6.2	1.21	3.8
RDO_021_021	9.7	37.2	27.5	0.64	2.2
Including	10.2	13.8	3.7	2.79	3.1
RDO_021_022	0.0	70.0	70.0	0.56	6.0
Including	0.0	10.2	10.2	1.00	3.2
Including	55.8	70.0	14.2	1.07	14.8
RDO_021_023	No Significant Results
RDO_021_024	1.5	33.1	31.6	0.39	1.2
Including	1.5	11.2	9.7	0.62	1.5
RDO_021_025	No Significant Results
RDO_021_026	No Significant Results
RDO_021_027	18.9	19.9	1.0	2.66	9.6
RDO_021_028	0.0	78.7	78.7	1.06	10.1
Including	0.0	13.9	13.9	2.88	4.3
RDO_021_029	9.4	44.0	34.6	0.73	4.5
Including	23.0	34.0	11.0	1.25	7.3

Note: Intervals in the table represent drilled length. It is expected that true thickness is approximately 80% of drilled length because drill holes were oriented approximately perpendicular to the gold mineralization that dips at about 25 degrees to the northeast. Estimated true widths range from 70% to 90% of drilled widths depending on dip of the vein and inclination of the hole. Intervals and grades have been rounded to either one or two decimal places.

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, "The diamond drilling continues to intersect gold-rich zones adjacent to and north of the current pit. The mineralized parallel structures east and west of the pit will be tested further with the reverse circulation drilling. We expect to complete the drill program in September and should have all results in hand early in Q4. I anticipate that increases to the mineral inventory will be incorporated into the mine plan later this year."

About Rodeo

Rodeo is a gold-silver open pit mine located in Durango State, Mexico. Production began in January 2021, with material being trucked to the Company’s oxide mill at the Velardeña Properties located around 115 kilometers away via road. Rodeo’s current expected life per the terms of an independently prepared, NI 43-101-compliant Preliminary Economic Assessment (April 2020) is 2.5 years.

Cautionary Note to United States Investors Regarding Estimates of Indicated Mineral Resources

This press release uses the terms "mineral resources" and "indicated mineral resources" which are defined in, and required to be disclosed by, Canadian National Instrument NI 43-101 ("NI 43-101"). We advise U.S. investors that these terms are not recognized under SEC Industry Guide 7. Accordingly, the disclosures regarding mineralization in this news release may not be comparable to similar information disclosed by Golden Minerals in the reports it files with the SEC. The estimation of measured resources and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that any or all mineral resources are economically or legally mineable or that these mineral resources will ever be converted into mineral reserves. In addition, the SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit amounts. U.S. investors are urged to consider closely the disclosure in our Form 10-K for the year ended December 31, 2020 and other SEC filings.

Review by Qualified Person and Quality Control

The technical contents of this press release have been reviewed by Matthew Booth, a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 17 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044).

To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates and reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Chihuahua or Zacatecas, Mexico. Prepared samples are direct-shipped to an ISO 9001:2001 certified laboratory in Canada.

About Golden Minerals

Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.

Forward-Looking Statements

This press release contains 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, and applicable Canadian securities legislation, including statements regarding the Company’s plans and expected timeline for the reverse circulation drill program at the Rodeo Mine, estimates of true widths of the gold mineralization at previous drill holes, anticipated increases to the Company’s mineral inventory, and the expected life of the Rodeo Mine. These statements are subject to risks and uncertainties, including the reasonability of the economic assumptions at the basis of the results of the Rodeo project Preliminary Economic Assessment and technical report; changes in interpretations of geological, geostatistical, metallurgical, mining or processing information; and interpretations of the information resulting from exploration, analysis or mining and processing experience. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

For additional information please visit http://www.goldenminerals.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005176/en/

Contacts

Golden Minerals Company
Karen Winkler, Director of Investor Relations
(303) 839-5060

NEW YORK, Sept. 16, 2021 /PRNewswire/ —

Rosen Law Firm, P.A. Logo

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL) (NASDAQ: PLLL) between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"), of the important September 21, 2021 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased Piedmont securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont, and its lithium business, does not have "strong local government support"; and (5) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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Cision

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SOURCE Rosen Law Firm, P.A.

Assays include 69.6m at 0.65g/t gold and 0.2% copper

OTTAWA, Sept. 16, 2021 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP; OTC:CTNXF; FWB:GWN1) is pleased to provide an update on its Bramaderos gold and copper joint venture in southern Ecuador (see Figures 1 and 2) in which it has a 12.5% interest carried by JV partner and project operator Sunstone Metals Inc. (ASX: STM) through to the start of commercial production (see “About Bramaderos”, below).

Figures related to this news release can be seen in PDF format by accessing the version of this release on the Company’s website (www.cornerstoneresources.com) or by clicking on the link below:

https://cornerstoneresources.com/site/assets/files/5827/nr21-17figures.pdf.

HIGHLIGHTS:

Strong assay results received for holes BMDD009, 010, and 011 at the Brama prospect:
- BMDD009: 185.3m¹ at 0.4g/t gold, 0.15% copper, (0.64g/t gold equivalent AuEq²) from 116.8m
- BMDD010: 170.65m at 0.46g/t gold and 0.15% copper. (0.7g/t AuEq) from 311.75m, including
  - 69.6m at 0.65g/t gold, 0.2% copper, (0.97g/t AuEq) from 347m
- BMDD011: 404.8m at 0.32g/t gold, 0.09% copper, (0.46g/t AuEq) from surface, including
  - 51.3m at 0.54g/t gold, 0.07% copper (0.65g/t AuEq) from surface
BMDD009 and 010 have further defined the gold-copper mineralized porphyry and intrusive breccia
BMDD011 has extended the gold-copper mineralized domain to the northwest, below well mineralized trench sampling
A detailed 3-D geological model has been built for Brama and will underpin a Mineral Resource Estimate (MRE) to be undertaken in early 2022
Drilling is ongoing with six more holes planned as part of the maiden Mineral Resource drill program

FURTHER INFORMATION:

The results from holes BMDD009, 010 and 011 further highlight the potential for Brama to host a substantial gold-copper porphyry system (Figure 3).

In light of these results Sunstone has defined a drill program to continue through to December 2021, after which all data will be compiled and an initial Mineral Resource Estimate undertaken in early 2022.

Cornerstone VP Exploration, Yvan Crepeau, said:

“We are very pleased with the latest round of results which provide more firm evidence that Brama has the potential to be a large gold-copper mineralized porphyry. Importantly, we are seeing good gold-copper grades from surface.

“An initial Mineral Resource Estimate is a logical next step for the Brama target. Drilling is being guided by robust 3D geological modeling to continue to define the Brama system. In parallel we are re-visiting other targets such as Limon, Playas and Melonal (see Figure 2) with a view to defining additional resources.

“Our plan is to grow the scale of the opportunity at the Bramaderos Project via exploration and mineral resource definition across several porphyry systems.”

The Bramaderos Project is ideally located immediately adjacent to the Pan American highway, and within reasonable distance of available hydropower, supporting the economics of potential development opportunities. The project is also supported by nearby commercial airports and significant cities (Loja) and enjoys strong community support.

* The reader is cautioned that there has been insufficient exploration to define a mineral resource at Brama and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Discussion of Results

Drill hole BMDD009 was drilled in the east and central parts of the main Brama porphyry system (Figures 4 & 5) and intersected a veined porphyry system hosted by diorite. The drill hole further strengthened the interpretation of geology and mineralization between holes BMDD001 and 002.

Drill hole BMDD010 (Figures 4 & 5) intersected the main Brama porphyry stockwork style mineralization and the deeper northern part of the intrusive breccia intersected in BMDD008. The hole drilled orthogonal (at right angles) to previously drilled holes BMDD001, 002 and 005 and has better defined the higher-grade mineralization reported from BMDD001 and historical hole CURI-03, and from the intrusive breccia in hole BMDD005. Hole BMDD010 was drilled at a shallow dip of -30⁰ and therefore the intersections are between 200m and 300m below surface.

Drill hole BMDD011 was drilled towards the northwest from the collar of hole BMDD008 (Figures 4 & 5) and was sited to test the northwest up-dip continuation of the mineralized intrusive breccia body that was intersected at depth in BMDD008, and to test below well mineralized trench intervals of 70m at 0.68g/t gold and 0.16% copper, and 63m at 0.77g/t gold and minor copper.

Assays are pending for holes BMDD012 and 013. Both holes have tested magnetic anomalies to the northwest of the Brama area and have intersected mineralization.

BMDD014 has recently been completed and hole BMDD015 is in progress. Both are testing areas of limited drilling within the higher-grade intrusive breccia.

Drill Hole	From (m)	To (m)	Interval (m)	Au (g/t)	Cu (%)	Mo (ppm)	Ag (g/t)	AuEq (g/t) ³

BMDD009	49.70	546.00	496.30	0.29	0.12	6.4	1.3	0.48
	67.70	310.00	242.30	0.37	0.14	4.1	1.5	0.59
	116.80	302.10	185.30	0.4	0.15	3.2	1.6	0.64

BMDD010
	311.75	482.40	170.65	0.46	0.15	5.0	1.4	0.70
including	347.00	416.60	69.60	0.65	0.20	2.0	2.3	0.97
including	347.00	363.00	16.00	0.98	0.24	1.2	2.6	1.36
including	381.70	397.30	15.60	0.77	0.24	2.1	3.1	1.15
	524.00	559.00	35.00	0.24	0.1	28.1	1.5	0.40

BMDD011
	0.20	405.00	404.80	0.32	0.09	20.0	1.3	0.46
including	0.20	51.50	51.30	0.54	0.07	18.0	1.5	0.65
including	0.20	13.30	13.10	0.93	0.11	11.0	2.0	1.11
	102.00	166.80	64.80	0.54	0.08	57.0	1.4	0.67
	243.50	405.00	161.50	0.22	0.12	1.5	1.2	0.41

Table 1: Summary of mineralized intersections in Brama drill holes BMDD009, 010 and 011.

* Gold equivalent values are included in Table 1 to enable comparison, in general terms in an early-stage exploration context, to other large lower-grade gold systems, and to other porphyry systems that are often reported in metal-equivalent terms and are invariably gold and copper deposits, with both metals being targeted by exploration.

Exploration Program at Brama for the Remainder of 2021

Drilling will continue at the Brama target with 1 drill rig through to December 2021. During that period an additional 6 holes for 2,300m are planned to be completed.

This drilling program will form the basis for an maiden (initial) Mineral Resource Estimate (MRE) to be undertaken in early 2022. The goal of this MRE is to establish an initial near surface resource estimate that can then be expanded as exploration continues at Brama and the other nearby targets such as Limon and Melonal (Figure 2). At Brama the >0.4g/t gold equivalent domain is shown in Figure 3 extending from surface to a depth of ~500m as currently modeled and is open at depth. The domain is a plunging ovoid shape with dimensions of 460m (plunge) x 350m (long) x 220m (width).

Planning is also underway for an electrical geophysical survey over the Limon target in late 2021 to early 2022. It is expected that this program will define anomalies for further drill testing in areas where alteration has compromised the magnetic signature of the porphyry systems. The drill targets to be defined will be followed up in 2022. If the results of the survey are promising, then additional surveys may be undertaken at Brama Hill and other targets (Figure 2).

About Bramaderos

Measuring 4,948 hectares, the Bramaderos project is located approximately 130km from the Loja provincial capital in southern Ecuador. The project is easily accessible via the Pan American Highway that crosses the property.

The Bramaderos concession is owned by La Plata Minerales S.A. (“PLAMIN”), which in turn is owned 87.5% by Sunstone (the project operator) and 12.5% by Cornerstone. Cornerstone’s 12.5% interest is carried by Sunstone through to the start of commercial production and repayable at Libor plus 2% out of 90% of Cornerstone’s share of earnings or dividends from the Bramaderos project (see news release 20-01 dated January 7, 2020).

More information about the property can be found at www.cornerstoneresources.com.

Qualified Person:

Yvan Crepeau, MBA, P.Geo., Cornerstone’s Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Bramaderos project for Cornerstone and has reviewed and approved the information contained in this news release.

Sampling and assaying

Surface and drill core samples from Brama were sent to the LAC y Asociados Cia. Ltda. Sample Preparation Facility in Cuenca, Ecuador for sample preparation. The standard sample preparation for drill core samples (Code PRP-910) is: Drying the sample, crushing to size fraction 70% <2mm and splitting the sample to a 250g portion by riffle or Boyd rotary splitter. The 250g sample is then pulverised to >85% passing 75 microns and then split into two 50g pulp samples. Then one of the pulp samples was sent to the MS Analytical Laboratory in Vancouver (Unit 1, 20120 102nd Avenue, Langley, BC V1M 4B4, Canada) for gold and base metal analysis.

PLAMIN uses a fire assay gold technique for Au assays (FAS-111) and a four acid multi element technique (IMS-230) for a suite of 48 elements. FAS-111 involves Au by Fire Assay on a 30-gram aliquot, fusion and atomic absorption spectroscopy (AAS) at trace levels. IMS-20 is considered a near total 4 acid technique using a 20g aliquot followed by multi-element analysis by ICP-AES/MS at ultra-trace levels. This analysis technique is considered suitable for this style of mineralization.

Standards, blanks and duplicates are inserted ~1/28 samples. The values of the standards range from low to high grade and are considered appropriate to monitor performance of values near cut-off and near the mean grade of the deposit. The check sampling results are monitored and performance issues are communicated to the laboratory if necessary.

Sample security was managed through sealed individual samples and sealed bags of multiple samples for secure delivery to the laboratory by permanent staff of the joint venture. MS Analytical is an internationally accredited laboratory that has all its internal procedures heavily scrutinized in order to maintain their accreditation. MS Analytical is accredited to ISO/IEC 17025 2005 Accredited Methods.

PLAMIN’s sampling techniques and data have been audited multiple times by independent mining consultants during various project assessments. These audits have concluded that the sampling techniques and data management are to industry standards. All historical data has been validated to the best degree possible and migrated into a database.

Rock samples are collected by PLAMIN’s personnel, placed in plastic bags, labeled and sealed, and stored in a secure place until delivery by PLAMIN employees to the LAC y Asociados ISO 9001-2008 certified sample preparation facility in Cuenca, Ecuador.

Rock samples are prepared crushing to 70% passing 2 mm (10 mesh), splitting 250 g and pulverizing to 85% passing 75 microns (200 mesh) (MSA code PRP-910). Prepared samples are then shipped to MS Analytical Services (MSA), an ISO 9001-2008 laboratory in Langley, BC, Canada, where samples are assayed for a multi-element suite (MSA code IMS-136, 15.0 g split, Aqua Regia digestion, ICP-AES/MS finish) and gold by Fire Assay (MSA code FAS-111, 30 g fusion, AAS finish). Over limit results for Cu (>1%) are systematically re-assayed (MSA code ICF-6Cu, 0.2 g, 4-acid digestion, ICP-AES finish). Gold is assayed using a 30 g split, Fire Assay (FA) and AAS finish (MSA code FAS 111). Over limit results for Au (>10 g/t) are systematically re-assayed (MSA code FAS-415, FA, 30g., gravimetric finish).

Soil samples are dried at low temperature, screened to 80 mesh (MSA code PRP-757); a 15 grams portion is then assayed for a multi-elements suite (MSA code IMS-136, Aqua Regia digestion, ICP-AES/MS finish).

Quality assurance / Quality control (QA/QC)

The MSA Analytical Laboratory is a qualified assayer that performs and makes available internal assaying controls. Duplicates, certified blanks and standards are systematically used (1 control sample every 20-25 samples) as part of PLAMIN’s QA/QC program. Rejects, a 100 g pulp for each rock sample, are stored for future use and controls.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 20.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.86% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

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.

¹ The true width of downhole intersections cannot be determined at this time due to insufficient drilling.

² AuEq is calculated on a gold and copper basis only using metals prices at August 30^th 2021, being US$1,814/oz gold, US$4.36/lb copper using the formula: (gold grade in g/t) + 1.6 * (Cu grade in %). No metallurgical recoveries have been applied to exploration results.

³ See footnote 2 above.

Silver is valued both as an industrial metal and as a precious metal. Silver mining companies are engaged in the acquisition, exploration, development, and production of mineral properties. Silver is often a byproduct produced from mining these other metals.

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