Shipments of commercial quantities of rare earths from Energy Fuels' White Mesa Mill in Blanding represent a milestone in the creation of a new supply chain reducing dependence on foreign suppliers, while boosting significant economic potential to the area

BLANDING, Utah, Sept. 16, 2021 /CNW/ – Energy Fuels' President and CEO, Mark Chalmers is hosting business, community and industry heavyweights in Blanding, Utah to introduce the commencement of production and shipments of an intermediate rare earth element ("REE") product, called mixed rare earth carbonate ("RE Carbonate"), at its Utah-based White Mesa Mill (the "Mill"). Approximately 15 containers of RE Carbonate (300 tonnes of product) produced at the Mill is being shipped to Europe where it will be processed into separated rare earth oxides and other value-added RE compounds, thereby creating a new U.S. to Europe RE supply chain along with new opportunities and financial benefits for the surrounding communities. The Mill will be producing rare earths as a complement to its established uranium production business.

The Company will also showcase its U.S. industry-leading uranium production capabilities. Energy Fuels has been the largest producer of uranium in the U.S. for the past several years, boasting more uranium production facilities, mines and capacity than any other U.S. company. The White Mesa Mill is the largest uranium production facility in the US and America's only operating uranium mill. Uranium is seeing increased interest recently, as it is the fuel for nuclear energy, which is the largest source of clean, carbon free energy in the U.S.

REEs are necessary in the production of hundreds of everyday and specialty items with a wide range of consumer applications, including cell phones, computer hard drives, electric and hybrid vehicles, and flat screen monitors and televisions. They also have significant national defense uses including electronic displays, guidance systems, lasers, and radar and sonar systems. Furthermore, with the global push to reduce greenhouse gas emissions, the expansion of green technologies such as solar and wind will continue to play a critical role, and REEs are a fundamental raw material used in the manufacturing of these clean energy sources. There are currently no U.S. companies producing separated REE oxides or any other advanced or value-added REE compounds, thereby making the US 100% dependent on the importation of these critical materials. Energy Fuels is determined to reverse that reliance and lessen the risk of disruption to the clean energy economy and our national defense.

"This is an exciting time for all of us at Energy Fuels in both the uranium and rare earth sectors," said Chalmers. "We believe the San Juan County community will benefit greatly from this rare earth initiative, as it will offer not only a safe, environmentally sensible, and domestically-generated product, but it will also stimulate local employment and be an economic boost to the area." The White Mesa Mill is currently one of the largest private employers in the county, and it is estimated that this new rare earth effort could result in an investment of hundreds of millions of dollars into the facility, which could translate into 100+ jobs in the region—one of the largest reinvestments this region has seen in decades. "In addition to the economic benefits to Utah, restoring rare earth production to the United States will greatly benefit the entire U.S. economy and manufacturing sector by providing a domestic source of clean energy materials produced to the highest global standards for environmental protection, sustainability and human rights, while also allowing for source validation and tracking from mining through final end-use applications," added Chalmers. "With the increased demand for rare earths—up to a fivefold demand increase over the next 10 years—we will need all hands-on deck. Combined with the current resurgence in uranium, rare earths represent a truly an immense opportunity for San Juan County, the State of Utah, and the United States as a whole."

This move by Energy Fuels comes at a time when the Biden administration has made it a priority to reestablish the rare earths industry in the US. Currently, China dominates every aspect of the REE industry from mining to the manufacturing of REE magnets. In the early 1990's, China produced 38% of world's REEs, the US produced 33%, Australia produced 12%, and Malaysia and India produced a combined five percent with several smaller countries making up the rest (Source: What are rare earth elements, and why are they important? | American Geosciences Institute). However, a significant shift in those percentages occurred, and by 2011 97% of the world's REEs were produced in China. While China is expected to continue as the dominant player in the global REE industry, Energy Fuels believes it can create a low-cost, secure domestic alternative for end-users seeking diversity of supply and competition.

Headquartered in Lakewood, Colorado, Energy Fuels currently plans to ramp up to process up to at least 15,000 tons of monazite per year at its White Mesa Mill. This amount of monazite contains roughly 50% of current U.S. rare earth demand, along with significant quantities of uranium, which will be recovered for use in domestic nuclear energy production. "Energy Fuels and our partner, Neo Performance Materials, have made significant steps toward restoring critical U.S. and European rare earth supply chains," added Chalmers. "We are strategically seeking to increase our rare earth carbonate production in the coming years, since we first started acquiring monazite ore produced in the State of Georgia earlier this year."

Successfully producing REEs, and physically delivering the first containers of RE Carbonate to Neo for separation, is an important achievement, not only for Energy Fuels, but also for the U.S. government and its efforts to restore critical rare earth supply chains. This is also good news for end-users of rare earth products in the U.S., Europe, Japan and elsewhere who seek alternative sources of rare earths produced in the U.S. and Europe that adhere to the highest global regulations and standards of environmental protection and sustainability as well as keeping a close eye on human rights.

Because monazite contains naturally occurring radioactive elements, including uranium, the White Mesa Mill is the ideal location to process this valuable material. The Mill will recover the uranium from the monazite, which will be used for the generation of clean nuclear energy. The Mill is also evaluating the recovery of thorium which has potential uses in advanced nuclear technologies along with medical isotopes needed for emerging targeted alpha cancer therapies. In addition, the monazite that is received from Georgia contains over 50% REEs, which means Energy Fuels can recover large quantities of REEs while generating relatively tiny amounts of waste. "We have an exceptional track record of environmental protection and regulatory compliance at the Mill. We also have a lot of experience in safely handling and working responsibly with low-level, natural radioactive elements contained in a variety of uranium ores and recycled alternate feed materials," stated Curtis Moore, Energy Fuels' VP of Marketing and Corporate Development. "Monazite sand contains roughly the same percentage of uranium as the ore found in mines in the Four Corners' region. So, we know we will responsibly process it for the recovery of the raw materials needed for various clean energy and advanced technologies. The safety of our community and our employees is and will always remain paramount. We also are evaluating how we can do more for our local communities, particularly local Navajo, Ute, and other Native American communities."

"Energy Fuels recognizes the lingering distrust in communities that witnessed and experienced the health and environmental impacts from historic Cold War uranium mining operations, which continue to impact perceptions. We are deeply committed to addressing the world's most pressing environmental issues, while advancing toward the electrification of the world economy. We believe that unlocking the value of domestically produced monazite and the domestic production of rare earths, combined with our existing uranium business, is a significantly positive step." Energy Fuels has and continues to be profoundly committed to responsible and modern mining and production, and all U.S. uranium and REE production is done to the highest global standards for environmental protection and human rights.

About Energy Fuels: Energy Fuels is a leading US-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium for certain projects, as market conditions warrant, as well as rare earth carbonate. With corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees in the United States, Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR Project in Texas. Energy Fuels' website is www.energyfuels.com.

CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING STATEMENTS

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may relate to future events or future performance of Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Energy Fuels' objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation as to future production of uranium at the Mill; any expectation as to future production of rare earth products at the Mill or creation of a new U.S. to Europe supply chain; any expectation as to the Company's ability to increase rare earth carbonate production; any expectations as to increased demand for rare earths; any expectation as to future production of thorium and other radioisotopes for use in emerging targeted alpha therapies; any expectation as to future revenues at the Mill; any expectation that San Juan County or Utah will realize significant economic benefits or that the Company's rare earth initiative will create 100+ jobs; any expectation that Energy Fuels will reverse America's reliance on imports or lessen the risk of disruption for critical minerals; any expectation that Energy Fuels will create a low-cost, secure domestic alternative for end-users seeking diversity of supply and competition. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: commodity prices; processing difficulties and upsets; available supplies of monazite sands; the capital and operating costs associated with the recovery of uranium, rare earth products, thorium and other radioisotopes at the Mill; licensing, permitting and regulatory delays; litigation risks; competition from others; market factors, including future demand for and prices realized from the sale of uranium, rare earth products, and thorium or other radioisotopes produced at the Mill. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-fuels-hosts-mining-environmental-and-political-heavyweights-to-showcase-uranium-activities-and-introduce-production-of-rare-earths-at-its-blanding-utah-facility-301378538.html

SOURCE Energy Fuels Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/16/c8085.html

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce the completion of the previously-announced plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) whereby Talisker Resources Ltd. ("Talisker") acquired all of the issued and outstanding common shares of the Company (each, a "Common Share"). New Carolin is now a wholly-owned subsidiary of Talisker.

Under the terms of the Arrangement, former New Carolin shareholders (other than Talisker) received 0.3196 of a common share of Talisker for each Common Share held. In addition, options and warrants to acquire Common Shares became exercisable for common shares of Talisker, all in accordance with the terms of the Arrangement.

As the Arrangement has now completed, the Common Shares will be de-listed from the TSX Venture Exchange effective as of the close of business on September 16, 2021. In addition, New Carolin will begin the process of applying to cease to be a reporting issuer or the equivalent in the relevant Canadian jurisdictions.

Full details of the Arrangement and certain other related matters are set out in the management information circular of New Carolin dated August 10, 2021 (the "Information Circular"). A copy of the Information Circular can be found under New Carolin's profile on SEDAR at www.sedar.com. Former New Carolin shareholders who require assistance with the completion of the letter of transmittal are advised to contact Computershare Investor Services Inc., the depositary for the Arrangement, by telephone (toll-free) at 1-800-564-6253.

About New Carolin

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

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release.

Caution concerning forward-looking information

This news release 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 Talisker and New Carolin. All statements, other than statements of historical fact included herein, including, without limitation, statements or information about New Carolin applying to cease to be a reporting issuer or the equivalent in the relevant Canadian jurisdictions, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, neither Talisker nor New Carolin assumes any obligation to update or revise them to reflect new events or circumstances.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96775.

SAP SE’s SAP latest Rise with SAP solution is witnessing strong traction. The solution was recently leveraged by Canada-based Capstone Mining to overhaul its IT infrastructure and slash costs.

Capstone Mining is also planning to deploy SAP S/4HANA Cloud on Microsoft’s MSFT Azure cloud platform by the end of 2021. By implementing Rise with SAP, Capstone Mining will be able to seamlessly transition of SAP services across its mining operations. This will provide management with a complete and unified view of its entire operations, added SAP.

Rise with SAP is the company’s comprehensive business transformation as a service solution that helps enterprises simplify digital transformation in the cloud and achieve better business outcomes. The company launched the solution as a subscription service in January 2021.

The solution includes elements like SAP S/4HANA Cloud enterprise resource planning (ERP) solution and SAP’s Business Process Intelligence platform along with SAP Business Technology Platform consumption credits.

SAP SE Price and Consensus

SAP SE price-consensus-chart | SAP SE Quote

Rise with SAP also has embedded services and tools to offer access to products and services necessary for seamless transformation to SAP S/4HANA.

The solution witnessed addition of more than 250 new clients including the likes of Advanced Micro Devices, EBANX, Fujifilm Diosynth Biotechnologies, The Great Eastern Shipping Co., Inchcape and National Basketball Association among others in the last reported quarter.

A Look at Growth Opportunities for SAP

Walldorf, Germany-based SAP is one of the largest independent software vendors in the world and the leading provider of ERP software. The company’s performance is benefitting from continued strength in its cloud business along with increasing demand for its Rise with SAP solution.

Per a Grand View Research report, the worldwide business software and services market is expected to witness a CAGR of 11.3% between 2021 and 2028. Spending on enterprise software is expected to pick up pace after being hit hard by the pandemic. The projections bode well for SAP.

The company’s cloud-based SAP SuccessFactors HXM solutions are also gaining steady traction. SAP’s SuccessFactors Human Experience management (HXM) solution exited 2020 with more than 900 customers. The SuccessFactors Employee Central solutions form the mainstay of the company’s HXM offerings. Continued momentum witnessed by Ariba and Fieldglass offerings is noteworthy.

Recently, SAP launched SAP Fioneer globally. SAP Fioneer is the company’s financial services joint venture established in association with Dediq GmbH. Fioneer is created to design solutions that cater to the evolving needs of banking and insurance industry participants, particularly in the areas of core insurance, core banking and financial services industry (FSI)-specific finance solutions.

The company’s latest offering from the SAP HANA family, S/4HANA is an extensive ERP solution, embedded with latest technologies like machine learning, AI and advanced analytics, which enables businesses to upgrade operations. The company considers Rise with SAP as an important catalyst for fueling the adoption of the company’s S/4HANA Cloud and Business Technology Platform.

In second-quarter 2021, the S/4HANA adoption increased 16% year over year to around 17,000 customers. The company introduces regular advances to SAP S/4HANA Cloud to attract new customers.

Zacks Rank & Stocks to Consider

Currently, SAP carries a Zacks Rank #3 (Hold).

Some other better-ranked stocks in the Computer Technology sector include Cadence Design Systems CDNS and PTC PTC. Both the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.

Long-term earnings growth rate for Cadence and PTC is pegged at 11.7% and 23.2%, respectively.

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

Microsoft Corporation (MSFT) : Free Stock Analysis Report

SAP SE (SAP) : Free Stock Analysis Report

Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report

PTC Inc. (PTC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Does the September share price for Bisichi PLC (LON:BISI) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

See our latest analysis for Bisichi

Step by step through the calculation

We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) estimate

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = UK£4.0m

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (0.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 12%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = UK£818k× (1 + 0.9%) ÷ (12%– 0.9%) = UK£7.8m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= UK£7.8m÷ ( 1 + 12%)¹⁰= UK£2.6m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is UK£6.6m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of UK£0.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

The assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Bisichi as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 12%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Looking Ahead:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Bisichi, we've put together three additional elements you should consider:

1. Risks: For example, we've discovered 3 warning signs for Bisichi (1 is significant!) that you should be aware of before investing here.

2. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

3. Other Top Analyst Picks: Interested to see what the analysts are thinking? Take a look at our interactive list of analysts' top stock picks to find out what they feel might have an attractive future outlook!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the LSE every day. If you want to find the calculation for other stocks just search here.

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.

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – Mountain Boy Minerals Ltd (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") is pleased to announce the appointment of Fraser Ruth as Manager of Investor Relations and the engagement of Kirsti Mattson as a media relations consultant. Fraser and Kirsti are key components in Mountain Boy's strategy to raise its profile with current and potential investors and the media as the Company moves forward with the exploration programs in the Golden Triangle of British Columbia.

Lawrence Roulston, President and CEO, stated, "We are very pleased to welcome Fraser and Kirsti to our team. Fraser will give Mountain Boy a strong presence in the market and amongst investors. Kirsti's extensive experience and contacts will help raise the profile of the Company within the mining and financial communities. These moves are important as we continue our exploration programs on multiple properties in the Golden Triangle of British Columbia."

Prior to joining Mountain Boy, Fraser worked for a Toronto-based investor relations and corporate communications consulting firm. Fraser focused on helping junior mining and resource companies engage new, existing and prospective shareholders to increase awareness, gain access to capital and create shareholder value. He holds a Bachelor of Commerce in Accounting and Marketing. With a diversified background in investor relations and communications, Fraser will be focusing on raising the Company's visibility within the investment community.

Kirsti Mattson has over 30 years of experience in media and corporate communications with a focus on junior precious metal exploration and development companies.

Fraser has been granted 200,000 stock options and Kirsti has been granted 350,000 stock options, all exercisable at C$0.21 per share for a period of 5 years, subject to the policies of the TSX Venture Exchange and the Company's stock option plan.

All of us at Mountain Boy offer a huge thank you to Nancy Curry for the exceptional service she provided to the Company as Vice President, Investor Relations and wish her well in her new position.

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

1. The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.

2. On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Work this year is aimed at extending that zone with drilling due to begin in August.

3. Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.

4. On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).

5. Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc. A property wide Skytem survey has been completed.

6. The Telegraph project, acquired in May 2021, has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle. Exploration this season has been organized in two phases. Phase one is now complete and phase two is set to begin in September.

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Lawrence Roulston
President & CEO
(604) 618-4756

Fraser Ruth
Manager of Investor Relations
(416) 274-3195

Kirsti Mattson
Corporate Communications/Media Relations
(778) 434-2241

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

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96729

By Yasin Ebrahim

Investing.com – The S&P 500 trimmed some losses Thursday, even as an unexpected rise in monthly retail sales renewed expectations for the Federal Reserve to tighten monetary policy with just days to go until the U.S. central bank's meeting next week.

The S&P 500 fell 0.16%, the Dow Jones Industrial Average slipped 0.18%, or 63 points, the Nasdaq gained 0.13%.

“[T]he Treasury curve bear steepened and the S&P500 fell presumably on the good news is bad for Fed expectations logic,” Scotiabank said in a note.

The Commerce Department said Thursday that retail sales rose 0.7% last month. That confounded economists’ forecast for a 0.8% decline. The retail sales control group – which has a larger impact on U.S. GDP – climbed 2.5% topping expectations for a 0.1% decrease.

The upside surprise in retail sales suggests "suggests the new wave of the pandemic is not having a major impact on the economy." Desjardins said in a note. "This could further reassure Federal Reserve officials," it added.

The Fed gets its two-day meeting underway next week, with many on Wall Street expecting the central bank to further lay out path toward monetary policy tightening.

“Retail sales rebounded in August, despite sizable drag from auto sales. Outside of autos, sales posted broad-based increases, with particular strength in online sales, general merchandise and furniture sales,” Jefferies (NYSE:JEF) said in a note.

The U.S. Department of Labor reported initial jobless claims increased by 20,000 to 332,000 in the week ended Sept. 11, missing forecasts for a 18,000 decline.

On the manufacturing front, The Philadelphia Fed reported that its manufacturing index rose to a reading of 30.7 from 19.4 in August.

The positive economic data failed to spur cyclical corners of the market as energy and materials were the worst performing sectors on the day.

Newmont Goldcorp Corp (NYSE:NEM), Martin Marietta Materials (NYSE:MLM), and Freeport-McMoran Copper&Gold (NYSE:FCX), were the worst performers in materials, with the latter down 6%.

Freeport-McMoran Copper&Gold Inc (NYSE:FCX) deepens its losses amid an ongoing decline in copper prices as tailwinds including stimulus and inflation concerns are expected to fade.

Energy, meanwhile, gave back some its recent gains even as oil prices cut its losses.

Tech stocks found their footing late in session to move off session lows, shrugging off a rise in Treasury yields, which tend to hurt growth stocks.

Google-parent Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), and Facebook (NASDAQ:FB), were in the red, while Microsoft (NASDAQ:MSFT) cut losses to end the day above the flatline.

In other news, Beyond Meat (NASDAQ:BYND) fell 2% after Piper Sandler downgraded the stock to underweight from neutral, and cut its price target on the stock to $95 from $120, citing expectations for slowing sales ahead.

Related Articles

Exclusive-Warburg Pincus seeks $16 billion for private equity fund -sources

GM extends EV Bolt production halt to mid-October

VANCOUVER, BC, Sept. 16, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: New Carolin Gold Corp.

TSX-Venture Symbol: LAD

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:00 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/September2021/16/c6030.html

When you buy shares in a company, there is always a risk that the price drops to zero. But if you pick the right business to buy shares in, you can make more than you can lose. For example, the Corsa Coal Corp. (CVE:CSO) share price has soared 193% in the last 1 year. Most would be very happy with that, especially in just one year! It's also good to see the share price up 65% over the last quarter. Zooming out, the stock is actually down 47% in the last three years.

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

Check out our latest analysis for Corsa Coal

Corsa Coal isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally expect to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

In the last year Corsa Coal saw its revenue shrink by 52%. So we would not have expected the share price to rise 193%. This is a good example of how buyers can push up prices even before the fundamental metrics show much growth. It's quite likely the revenue fall was already priced in, anyway.

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

This free interactive report on Corsa Coal's balance sheet strength is a great place to start, if you want to investigate the stock further.

A Different Perspective

It's nice to see that Corsa Coal shareholders have received a total shareholder return of 193% over the last year. There's no doubt those recent returns are much better than the TSR loss of 12% per year over five years. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for Corsa Coal (1 is a bit unpleasant!) that you should be aware of before investing here.

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

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

SASKATOON, Saskatchewan, Sept. 16, 2021 (GLOBE NEWSWIRE) — Cameco (TSX: CCO; NYSE: CCJ) and X-energy have entered a non-binding and non-exclusive Memorandum of Understanding to explore possible areas of cooperation to support the potential future deployment, fuelling and servicing of Xe-100 small modular reactors (SMRs) in Canada and the United States.

“We feel very confident about the future of nuclear power and the future of SMRs, here in Canada, in the U.S. and across the globe,” said Cameco president and CEO Tim Gitzel. “We intend to be a fuel supplier of choice for the emerging SMR and advanced reactor market and look forward to working with X-energy to see what opportunities might exist around their innovative reactor technology.”

Cameco is one of the largest global suppliers of uranium and a leader in uranium mining, refining, conversion and fuel manufacturing services. For more than three decades, Cameco has been safely and reliably producing uranium and nuclear fuel products to generate electricity at the world’s nuclear reactors.

“Cameco is a cornerstone of the Canadian nuclear industry and has global reach,” said Pete Pappano, President of TRISO-X, X-energy’s fuel fabrication subsidiary. “As X-energy works to bring the world’s first commercial advanced reactor to market in North America, we look forward to building a fruitful partnership that could provide a steady fuel supply for our technology in North America and support its deployment around the world.”

The U.S. Department of Energy recently awarded X-energy, under a prime contract, approximately US$1.23 billion under the Advanced Reactor Demonstration Program (ARDP) to license, site, build and operate a commercial-scale advanced nuclear power plant based on the Xe-100 design with Energy Northwest by 2027, and to establish the commercial-scale TRISO-X Fuel Fabrication Facility. The Xe-100 four-pack reactor plant is slated for operation in 2027.

In October 2020, Ontario Power Generation Inc. identified the Xe-100 as a potential technology for the Darlington New Nuclear Project (DNNP), which aims to have an SMR in operation as early as 2028. X energy states it is currently advancing the Xe-100 design and engineering work with the utility.

Based on an economic benefits analysis conducted for X-energy by Hatch Ltd., X-energy estimates that the construction of a TRISO-X Fuel Fabrication Facility in Canada would generate more than $310 million (CDN) in economic impact.

“At X-energy Canada, we’re partnering with the Canadian nuclear industry to create an SMR ecosystem that will grow with the developing large-scale deployment of our Xe-100 design – the ideal technology to advance Canada’s net-zero goals,” said Katherine Moshonas Cole, President, X-energy Canada. “We’re thrilled about the potential of this collaboration with Cameco, because it could increase the value of Canadian uranium to our domestic industry and create future export prospects.”

For further information on the Xe-100 reactor technology or its proprietary TRISO-X fuel, please visit the X-energy website at www.x-energy.com.

Profile

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

Caution Regarding Forward-Looking Information and Statements

This news release includes statements considered to be forward-looking information or forward-looking statements under Canadian and U.S. securities laws (which we refer to as forward-looking information), including: our intentions to explore possible areas of cooperation for the future deployment, fuelling and servicing of SMRs with X-energy; our views regarding the future of nuclear power and the future of SMRs; Cameco’s intention to be a fuel supplier of choice for the emerging SMR and advanced reactor market; X-energy’s intention to bring the world’s first commercial advanced reactor to market in North America and the potential for Cameco to provide a steady fuel supply for its technology; the expected operational date for the Xe-100 four-pack reactor plant and the target date for DNNP to have an SMR in operation; X-energy’s estimate of the economic impact of the construction of a TRISO-X Fuel Fabrication Facility in Canada; and expectations regarding the creation and growth of an SMR ecosystem developing large-scale deployment of the Xe-100 design, the ability of the technology to advance net-zero goals, and the potential implications for the value of uranium. This forward-looking information is based on a number of assumptions, including assumptions regarding: the ability of Cameco and X-energy to collaborate successfully in the future deployment, fuelling and servicing of Xe-100 SMRs in Canada and the United States; future demand for nuclear power; Cameco’s ability to become a supplier of choice for the SMR and advanced reactor market; X-energy’s ability to bring a commercial advanced reactor to market in North America; the ability to achieve expected operational dates; the success of the technology; and the impact of the technology on the economy and the value of uranium. This information is subject to a number of risks, including: the risk that Cameco and X-energy may not be able to collaborate successfully in the future deployment, fuelling and servicing of SMRs; the risk that the demand for nuclear power and SMRs may be lower than expected; the risk that Cameco may not be successful in becoming a supplier of choice, or provide a steady fuel supply for the new technology; the risk that expected operational dates may be delayed, or not occur at all; and the risk that X-energy’s technology may not be successful in advancing Canada’s net zero goals, may not result in the expected favourable economic impact or may not increase the value of Canadian uranium. The forward-looking information in this news release represents our current views and the current views of X-energy, and actual results may differ significantly. Forward-looking information is designed to help you understand our current views, and may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

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

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

By Yasin Ebrahim

Investing.com – The S&P 500 moved off session lows Thursday, but remained under pressure as an unexpected rise in monthly retail sales stoked concerns that the Federal Reserve could tighten policy sooner rather than later.

The S&P 500 fell 0.2%, the Dow Jones Industrial Average slipped 0.2%, or 73 points, the Nasdaq was flat.

“[T]he Treasury curve bear steepened and the S&P500 fell presumably on the good news is bad for Fed expectations logic,” Scotiabank said in a note.

The Commerce Department said Thursday that retail sales rose 0.7% last month. That confounded economists’ forecast for a 0.8% decline. The retail sales control group – which has a larger impact on U.S. GDP – climbed 2.5% topping expectations for a 0.1% decrease.

“Retail sales rebounded in August, despite sizable drag from auto sales. Outside of autos, sales posted broad-based increases, with particular strength in online sales, general merchandise and furniture sales,” Jefferies (NYSE:JEF) said in a note.

The U.S. Department of Labor reported initial jobless claims increased by 20,000 to 332,000 in the week ended Sept. 11, missing forecasts for a 18,000 decline.

The positive economic data failed to spur cyclical corners of the market as energy and materials were the worst performing sectors on the day.

Newmont Goldcorp Corp (NYSE:NEM), Martin Marietta Materials (NYSE:MLM), and Freeport-McMoran Copper&Gold (NYSE:FCX), were the worst performers in materials, with the latter down more than 6%.

Freeport-McMoran Copper&Gold Inc (NYSE:FCX) deepens its losses amid an ongoing decline in copper prices as tailwinds including stimulus and inflation concerns are expected to fade.

Energy, meanwhile, gave back some its recent gains even as oil prices cut its losses.

Tech stocks struggled to rack up gains as the positive economic data lifted Treasury yields.

Google-parent Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), and Microsoft (NASDAQ:MSFT), were in the red.

In other news, Beyond Meat (NASDAQ:BYND) fell 4% after Piper Sandler downgraded the stock to underweight from neutral, and cut its price target on the stock to $95 from $120, citing expectations for slowing sales ahead.

Related Articles

Facebook cracks down on German anti-COVID restrictions group over 'social harm'

PayPal Strengthens Its Presence In Japan

VANCOUVER, British Columbia, Sept. 16, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") has partnered with SFU to outfit campuses and student residences with bacteria-fighting antimicrobial copper patches on high-touch surfaces to enhance safety for students and staff as they return this fall.

Health Canada-certified Copper Clean™ Antimicrobial Surface Patches, manufactured by the Canadian company Coptek, continuously kill 99% of bacteria left behind on surfaces. Funded by Teck through its Copper & Health program, the covers have been installed on high-touch surfaces such as frequently used door handles and push bars at SFU campuses.

Installations at Burnaby and Surrey campuses are complete, with more patches to be installed at SFU Vancouver and Burnaby student residence buildings in the coming weeks. More than 1,600 copper patches will be installed across SFU facilities this fall.

Copper is the only solid metal touch surface registered by Health Canada and the U.S. Environmental Protection Agency, proven to eliminate up to 99.9% of bacteria. A pilot on two TransLink buses on high-ridership routes and two SkyTrain cars launched in November 2020 also showed that copper is effective at killing up to 99.9% of bacteria on high-touch transit surfaces.

In addition to the two SFU campuses, Teck has installed antimicrobial copper covers at BCIT’s Burnaby campus and the University of British Columbia’s Faculty of Applied Science buildings. Teck has also supported the installation of antimicrobial copper surfaces in B.C. hospitals including Vancouver General Hospital, Lions Gate Hospital and Kootenay Boundary Regional Hospital. Copper surfaces will also be installed at the Teck Emergency Department at the new St. Paul's Hospital in Vancouver.

Quotes:
Don Lindsay, President and CEO, Teck
"We are proud to partner with SFU on this initiative as part of Teck’s work to expand the use of antimicrobial copper in high-traffic public spaces. Students, staff and our communities are now safer thanks to the leadership of SFU to install these copper surfaces throughout their facilities.”

Larry Waddell, Chief Facilities Officer at Simon Fraser University
“As we welcome our students, faculty, and staff to SFU this fall, creating a safe place for everyone to learn and work remains our top priority. In addition to the measures we have in place, we are very pleased that our partnership with Teck to install antimicrobial copper on high touch surfaces can provide another layer of protection for our community.”

Louis Goldberg, Founder, Coptek
"We are humbled to be part of the solution towards returning to everyday life again. We commend SFU's dedication to offer students, faculty, and community members a safer environment. Forward-thinking initiatives like this project can give people comfort that SFU is going above and beyond to keep everyone safe."

About Teck’s Copper & Health Program
Through its Copper & Health program, Teck is working with partners across Canada and beyond to increase the use of copper-infused surfaces in healthcare and public spaces to reduce the spread of infections. When installed on high touch surfaces, copper is a proven killer of bacteria, reducing the spread of infection and improving health outcomes. There is no commercial benefit to Teck from the increased use of antimicrobial copper as the amount of metal needed is very small; the goal of the program is to improve health and safety for communities.

For more information about the role of antimicrobial copper, the Copper & Health program, and other examples of copper in action, please visit www.coppersaveslives.com.

Media downloads
Images

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

About SFU
As Canada’s engaged university, SFU works with communities, organizations and partners to create, share and embrace knowledge that improves life and generates real change. We deliver a world-class education with lifelong value that shapes change-makers, visionaries and problem-solvers. We connect research and innovation to entrepreneurship and industry to deliver sustainable, relevant solutions to today’s problems. With campuses in British Columbia’s three largest cities—Vancouver, Burnaby and Surrey—SFU has eight faculties that deliver 193 undergraduate degree programs and 144 graduate degree programs to more than 37,000 students. The university now boasts more than 170,000 alumni residing in 145+ countries.

Teck Media Contact
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

SFU Media Contact
Matt Kieltyka
Communications Associate
236.880.2187
matt_kieltyka@sfu.ca

Coptek Media Contact
Bradley Pines
Marketing Specialist
bradley@coptek.ca

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

New York, New York–(Newsfile Corp. – September 16, 2021) – Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a Lead Plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ: PLL) from March 16, 2018 through July 19, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Exchange Act of 1934.

If you purchased Piedmont securities, and/or would like to discuss your legal rights and options please visit Piedmont Shareholder Class Action Lawsuit or contact Rujul Patel toll free at (877) 779-1414 or rpatel@bernlieb.com.

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.

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, damaging investors.

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. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Piedmont securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/piedmontlithium-pll-shareholder-class-action-lawsuit-fraud-stock-420/apply/ or contact Rujul Patel toll free at (877) 779-1414 or rpatel@bernlieb.com.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Rujul Patel
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
rpatel@bernlieb.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96722

BLANDING, Utah, Sept. 16, 2021 /CNW/ – At its recent open house showcasing its uranium and rare earth businesses for local and national dignitaries and industry leaders, Energy Fuels Inc. ("Energy Fuels" or the "Company") announced the establishment of the San Juan County Clean Energy Foundation, a fund specifically designed to contribute to the communities surrounding Energy Fuels' White Mesa Mill in Southeastern, Utah.
This week, Energy Fuels deposited $1 million into the Foundation and anticipates providing ongoing annual funding equal to 1% of the Mill's future revenues, providing funding to support the local economy and local priorities. The Foundation will focus on supporting education, the environment, health/wellness, and economic advancement in the City of Blanding, San Juan County, the White Mesa Ute Community, the Navajo Nation and other area communities.
"The communities that surround our facility deserve to share in the benefits of the Mill's clean energy future," said Mark Chalmers, CEO of Energy Fuels. "Uranium, which is the fuel for carbon-free, emission-free baseload nuclear power, is one of the cleanest forms of energy in the world. The rare earth's we are now producing are used for the manufacture of permanent magnets for electric vehicles, wind turbines and other clean energy and modern technologies, and the thorium and other radioisotopes we are evaluating for recovery from our rare earth and uranium processing streams have the potential to provide the isotopes needed for emerging targeted alpha therapy cancer-fighting therapeutics. The very heart of our business – uranium and rare-earth production and recycling – helps us play a big part in addressing global climate change, reducing air pollution, and making the world a cleaner and healthier place. We see San Juan County as becoming a critical minerals hub for the U.S., and we believe the Foundation is truly the best way to make an impact and difference in the lives of those who work alongside us as we pursue these goals."
Company executives met with local community members to better understand and identify how the Foundation will strategically support the local communities and how to best structure the Foundation.
"Energy Fuels has long been a major contributor to not only the employment base of the community but also for the well-being and prosperity of this region," said Blanding's Mayor Joe B. Lyman. "Over the last year, the Company has met with local community members to understand and identify needs in the area. The formation of the Foundation is a culmination of these efforts and the beginning of a long-term commitment to improve the quality of life for everyone in the San Juan County area to help us reach our full potential." To ensure that the Foundation's contributions are well-planned and correspond to the specific needs and aspirations of the communities, the Foundation will have a community-based Advisory Board to help it determine the best allocation for the funds.
"The processing of rare earths at the White Mesa Mill, in addition to processing and recycling uranium, is one of the best opportunities I have seen in my entire 40+ year career, as electric vehicles, renewable energy systems, and other clean energy and advanced technologies drive demand," continued Mr. Chalmers. "And, the potential to also extract isotopes that can be used to fight cancer is a very important added opportunity. Investing back into the San Juan County community will give us the opportunity to help support and catalyze sustainable economic and community development, beyond good jobs and more tax revenues."
With a population of a little more than 3,000 people, Blanding is the most populous city in San Juan County. Economic contributors include mineral processing, mining, agriculture, local commerce, tourism, and transportation. The community is also a gateway to nearby natural, cultural and archaeological resources. Energy Fuels' rare earth initiative will only involve mineral processing, and it is not expected to involve any new mining in the region.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U₃O₈ to major nuclear utilities. Energy Fuels also produces vanadium from certain projects, as market conditions warrant, as well as rare earth carbonate. With corporate offices in Lakewood, Colorado, near Denver, and all of its assets and employees in the United States, Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (ISR) Project in Wyoming, and the Alta Mesa ISR Project in Texas. Energy Fuels is a publicly traded company on the NYSE under the trading symbol "UUUU," and its common shares are also listed on the Toronto Stock Exchange under the trading symbol "EFR." Energy Fuels' website is www.energyfuels.com

CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING STATEMENTS

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may relate to future events or future performance of Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Energy Fuels' objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation as to future production of uranium at the Mill; any expectation as to future production of rare earth products at the Mill; any expectation as to future production of thorium and other radioisotopes for use in emerging targeted alpha therapies; any expectation as to future revenues at the Mill; any expectation that San Juan County will become a critical minerals hub for the U.S.; any expectation as to any ongoing annual funding for the Foundation or the longevity of the Foundation; any expectation that the Foundation will provide the potential to contribute millions to local communities; any expectation as to the manner in which the Foundation will distribute or invest its funds; and any expectation that the Foundation's money will help support and catalyze sustainable economic and community development, beyond good jobs and more tax revenues. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: commodity prices; processing difficulties and upsets; available supplies of monazite sands; the capital and operating costs associated with the recovery of uranium, rare earth products, thorium and other radioisotopes at the Mill; licensing, permitting and regulatory delays; litigation risks; competition from others; market factors, including future demand for and prices realized from the sale of uranium, rare earth products, and thorium or other radioisotopes produced at the Mill; and any changes that may be made to the structure, funding or term of the Foundation if the Company determines at any time that the Foundation is not achieving its objectives or to better meet its objectives. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels assumes no obligation to update the information in this communication, except as otherwise required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-fuels-establishes-the-san-juan-county-clean-energy-foundation-with-potential-to-contribute-millions-to-local-communities-301378625.html

SOURCE Energy Fuels Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/16/c6465.html

With its stock down 6.6% over the past three months, it is easy to disregard Pan American Silver (TSE:PAAS). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. In this article, we decided to focus on Pan American Silver's ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

View our latest analysis for Pan American Silver

How To Calculate Return On Equity?

The formula for ROE is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Pan American Silver is:

11% = US$298m ÷ US$2.6b (Based on the trailing twelve months to June 2021).

The 'return' is the income the business earned over the last year. So, this means that for every CA$1 of its shareholder's investments, the company generates a profit of CA$0.11.

What Is The Relationship Between ROE And Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

Pan American Silver's Earnings Growth And 11% ROE

To start with, Pan American Silver's ROE looks acceptable. Even when compared to the industry average of 13% the company's ROE looks quite decent. Consequently, this likely laid the ground for the impressive net income growth of 27% seen over the past five years by Pan American Silver. However, there could also be other drivers behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.

Next, on comparing Pan American Silver's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 32% in the same period.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is PAAS fairly valued? This infographic on the company's intrinsic value has everything you need to know.

Is Pan American Silver Using Its Retained Earnings Effectively?

Pan American Silver has a really low three-year median payout ratio of 20%, meaning that it has the remaining 80% left over to reinvest into its business. So it looks like Pan American Silver is reinvesting profits heavily to grow its business, which shows in its earnings growth.

Moreover, Pan American Silver is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 18%. Still, forecasts suggest that Pan American Silver's future ROE will rise to 14% even though the the company's payout ratio is not expected to change by much.

Summary

Overall, we are quite pleased with Pan American Silver's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

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.

Figure 1

Plan View of the Guayabales Project and the Victory Target

Figure 2

Plan View of the Victory Target Area

Figure 3 (1)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 3 (2)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 4 (1)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (2)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (3)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (4)

Victory: Porphyry Style Mineralization in Outcrop Samples

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an exploration update on its Victory target (“Victory”). Victory, which is the fifth major target identified through grassroots prospecting by the Company, is in the northern area of the Guayabales Project (“Guayabales”) in Caldas, Colombia. Guayabales is situated contiguous and immediately along strike and to the northwest of Aris Gold’s multi-million ounce deposit. The Company interprets the abundant precious metal mineralization encountered throughout the Guayabales Project to be related to multiple mineralized styles that include gold-copper-molybdenum porphyries and associated breccia as well as high grade, precious and base metal vein systems that are superimposed on and enrich the porphyry bodies.

Highlights (Table 1 and Figures 1-4)

• Victory is a coincidental robust gold, silver, copper and molybdenum soil anomaly with abundant high-grade gold rock chip samples overprinting a magnetic high anomaly.

• The Victory target is large, measuring 1,000 metres east-west by 600 metres north-south by at least 250 metres vertically (exposed outcrop over different elevations) and is open for expansion in all directions.

• 22 rock channel and chip samples returned values above 0.5 g/t gold over widths of 1 to 3 metres including 12 samples above 1 g/t gold and a maximum of 6 g/t gold. These samples were obtained from very small outcrop exposures in streams due to Victory being 95% covered by colluvium and landslides. Gold mineralization is related to porphyry veinlets (A, B and Magnetite veins), hydrothermal breccia and a late polymetallic vein overprint with results as follows:

Table 1 Rock and channel sampling at the Victory Target

• An initial drilling program is currently being planned for Victory as part of the Company’s maiden 7,500 metres program currently under way at the Donut target. Drilling at Victory is expected to commence in Q4, 2021.

“Victory is a target area with potential to yield a large, mineralized porphyry system and I congratulate the exploration team for their endeavours in a region with very limited outcrop exposure. Once the Induced Polarization (“IP”) survey is finished, we plan to model all the data and drill test this target in Q4, 2021. The Company has now outlined five targets with porphyry and high-grade vein potential within the Guayabales project in less than six months of exploration work. I am confident that our recently initiated maiden drilling program at the Guayabales project will yield significant discoveries in the near future,” commented Ari Sussman, Executive Chairman.

Details

Victory is located within the northern portion of the Guayabales project and is hosted within fine grained diorites which display potassic and sericite, porphyry alteration. Quartz-magnetite vein stockwork and sheeted vein systems have been identified with vein sets trending NNW and EW. Veins are associated with disseminated pyrite and occasional molybdenite and chalcopyrite. Late-stage veining includes sphalerite and galena sulphides.

Rock chip and soil anomalies at Victory are located directly above a magnetic anomaly as outlined by magnetic inversion modelling of airborne magnetic data. The anomaly has a circular diameter of 500 metres and extends to depth for 900 metres below surface. A clear structural corridor for emplacement of a porphyry system was identified in the field and confirmed with the modelling of the airborne magnetic data.

Field work is continuing at the Victory target and a deep penetrating IP survey is currently being undertaken by Arce Geofisicos using their proprietary AGDAS technology. The survey will generate 3D chargeability and resistivity data for minimum vertical depths of 800 metres and has been designed to search for disseminated sulphide porphyry systems and resistive vein clusters and stockwork.

An NI-43-101 technical report for the Guayabales project is nearing completion and is expected to be filed on SEDAR prior to the end of September 2021.

Qualified Person (QP) and NI43-101 Disclosure

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

Technical Information

Rock samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America with insider ownership of approximately sixty-five percent. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in early Q4, 2021. The 3,333-hectare Guayabales Project is also located in the mining-friendly Caldas department of Colombia. A maiden 7,500 metre drilling program is under way with initial assay results expected in Q4, 2021.

Contact Information

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

FORWARD-LOOKING STATEMENTS

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

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

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

Figure 1: Plan View of the Guayabales Project and the Victory Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/e73f3dc6-8305-44ed-a332-2d00b2a033dc

Figure 2: Plan View of the Victory Target Area
https://www.globenewswire.com/NewsRoom/AttachmentNg/d186b096-9bf7-4fe0-9c11-276477e9c242

Figure 3 (1&2): Magnetic Inversion Section and Plan View Across the Victory Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/b3f1eb9a-c143-4faa-b90e-1db57f65c51f
https://www.globenewswire.com/NewsRoom/AttachmentNg/054fc420-1f1c-464f-89cb-499894346253

Figure 4 (1-4): Victory: Porphyry Style Mineralization in Outcrop Samples
https://www.globenewswire.com/NewsRoom/AttachmentNg/193c5641-80fa-486a-b9f4-c401bc7f587e
https://www.globenewswire.com/NewsRoom/AttachmentNg/9c589c6c-944a-4d85-bc11-90e3c5eacaa2
https://www.globenewswire.com/NewsRoom/AttachmentNg/24820ba9-9442-4cae-bcea-99c707692c45
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9a93d3d-8112-4e33-b3a8-025945b0b5ce

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – InZinc Mining Ltd. (TSXV: IZN) (the "Company") is pleased to announce further results and plans for fall programs at the Indy Sedex project in central British Columbia where near surface, high-grade Sedex-type zinc mineralization was discovered by soil geochemistry and follow-up diamond drilling in 2018.

New Silver Targets Discovered – Combined 1.7 km in Length

Further to a news release on September 14^th (see NR2021-09), additional geochemical results¹ have outlined strong silver-in-soil responses in the area located between the new 1.9 km long Echo zinc target and the 1.5 km long Delta Horizon zinc target (outlined in 2019).

Main Trend – New Silver Targets Silver (Ag) in Soil

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6480/96689_figure1.jpg

Relative to Anomalies B and C, the soils in the area between the Delta horizon and Echo zinc targets are strongly enriched with silver. Two extensive, sub-parallel zones returning from 2.0 ppm to 24.8 ppm (or 24.8 g/t) silver are now outlined. Named Fox (1.0 km length) and Hat (700 m length) the zones are roughly parallel with the nearby large zinc targets and stratigraphy. Of particular interest is a 400 – 500 m trend of multi-station soil samples returning greater than 10 ppm (or 10 g/t) silver in the upper Fox target. Preliminary mapping of sparse outcrops suggests these new silver zones are hosted in shales.

"This phase of exploration has been tremendously successful at Indy, and we look forward to the follow-up programs commencing shortly. Including these extensive new silver targets and the 1.9 km long Echo zinc target, also discovered in 2021, we now have 8.2 km of high-quality, base and precious metal targets at Indy – possibly the largest accumulation of untested targets in such an accessible part of Canada," commented Wayne Hubert, CEO of InZinc. "We see years ahead of exploration and drilling programs, self-funded through the significant cash payments to be received as a result of the West Desert option agreement and the planned IPO of American West Metals (see NR2021-05)."

Follow-up Programs

Field crews plan to return to Indy in early October to follow-up these results and commence initial preparations in the northern Main Trend area (Delta, Echo, Fox and Hat) for drilling. A pre-existing trail will be rehabilitated to provide road access to the Delta Horizon and possibly the Hat target. In addition, soil sampling will detail another potential silver target located between Anomaly B and Anomaly C. Further prospecting and sampling are also planned over the Fox and Hat silver targets to better understand the geology and distribution of silver at these new precious metal targets.

About InZinc

InZinc is focused on growth through exploration and advancement of its interest in multiple North American base metals projects. The road accessible Indy project (100% earn-in), located in central British Columbia, comprises discoveries of near surface mineralization and large untested exploration targets along a 25km long trend with potential for the discovery of a new regional scale zinc belt. The West Desert option (100% option to American West Metals) provides significant cash payments and continuing leverage through ownership in American West Metals as it funds the advancement of the West Desert project to prefeasibility (planned in Q3 2023) and the Storm Copper and Copper Warrior projects in North America. In addition, upon exercise of the West Desert option, InZinc will receive 50% of the revenue from the sale of indium mined from West Desert.

InZinc Mining Ltd.

Wayne Hubert

____________

Chief Executive Officer
Phone: 604.687.721
Website: www.inzincmining.com

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

¹Dave Heberlein, M.Sc., P.Geo. of Heberlein Geoconsultants has reviewed, validated and provided interpretive summaries for the results of the Phase 1 2021 geochemical program.

Qualified Person

Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in NI43-101, has approved the technical content of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management Discussion and Analysis for the year ended December 31, 2020 and for the three months ended March 31, 2021 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96689

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, Sept. 16, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces the Company's wholly-owned Argentine subsidiary, Minera Cielo Azul S.A. ("MCA"), has received notice that it has been named in a lawsuit by anti-mining, environmental activists in Argentina who are asserting environmental protection rights, among other arguments ("Amparo" in Spanish) against the Amarillo Grande project, comprised of Ivana, Anit and Santa Barbara Projects (the "Project"). The lawsuit was introduced before the Supreme Court of the Province of Rio Negro, Argentina. The defendants in this "Amparo" action are MCA and the Government of Rio Negro.

A preliminary request by the plaintiffs to have exploration activities on the Project suspended until the "Amparo" final decision was denied by the Judge hearing the case. The Company is conducting further investigations, but based on information received to date, believes that the lawsuit is entirely without merit. The Company and MCA have obtained the relevant permits for all of its exploration activities to date and operated in full compliance with applicable laws and regulations and intend to vigorously defend the claim in Court. The Government of Rio Negro is also defending the claim. The Company will provide additional information as it becomes available.

Further, this action does not impede the Company's ability to continue with its exploration operations in a business as normal mode. Blue Sky intends to continue with its drilling plans, surface exploration initiatives, advanced metallurgical studies, and environmental baseline studies as previously announced.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

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

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

SOURCE Blue Sky Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/16/c7057.html

By Ernest Scheyder

Sept 16 (Reuters) – U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies.

The House of Representatives Natural Resources Committee added language to the proposed $3.5 trillion reconciliation spending measure last week that would set an 8% gross royalty on existing mines and 4% on new ones. There would also be a 7 cent fee for every ton of rock moved.

That would mark one of the most-substantial changes to the law that has governed U.S. mining since 1872 and could raise about $2 billion over 10 years for federal coffers.

The full House could reverse the committee's move and the legislation faces an uncertain fate in the U.S. Senate.

"The race for electric vehicles and electrification of the economy requires metals and mining, and that needs to be incentivized, not stalled," said Rich Nolan, head of the National Mining Association, an industry trade group.

Tensions are rising in the United States over how best to procure minerals needed to green the economy. President Joe Biden has yet to take a public stance on the issue, though privately he has signaled plans to rely on allies for EV metals, Reuters reported earlier this year.

The 1872 law did not set royalties in order to encourage development of more than 350 million acres in the western United States. Miners say it should remain as-is, or be tweaked only slightly. Environmentalists have long said the law should be updated to require the industry to pay to extract minerals on taxpayer-owned land.

Executives say Biden's goal to have 35% of U.S. electricity generated by solar panels – up from 3% today – would be all but impossible without new mines. Silver is used to make photovoltaic cells.

"This royalty proposal is really inconsistent with being able to grow production and meeting the demands for silver to green the economy," said Phil Baker, chief executive of Hecla Mining Co, the largest U.S. silver producer. Baker said he will close mines if the proposal is approved.

Miners say they already pay high income, sales and other taxes. They warned that the proposed royalty on gross profit would discourage investment when commodity prices rise and shorten a mine's life when prices fall.

The NMA declined to say what percentage royalty its members would find palatable. It said it would prefer a royalty on net, rather than gross, profit.

"New taxes on the front end of the supply chain undermine the EV battery goals that have been set by the president and Congress and make U.S. policy look schizophrenic," said Todd Malan of Talon Metals Corp, which is developing the Tamareck nickel deposit in Minnesota. Nickel is used to make EV battery cathodes.

The proposed new royalty rates would affect so-called hard rock mining, but are part of a series of other proposed fee hikes on oil, coal and natural gas extraction. The committee also approved language that would block Rio Tinto Ltd from building its Resolution copper mine in Arizona.

The NMA said it does support the committee's proposal to create a $3 billion reclamation fund for older abandoned mines.

Lithium Americas Corp, which is developing the Thacker Pass lithium mine on federal land in Nevada, said it stands ready to work with Congress to develop a "reasonable royalty for operating on public lands." Lithium is a key component of EV batteries.

"The current proposal will impair U.S. competitiveness when demand for lithium is soaring and the domestic production is just starting to respond," said Tim Crowley of Lithium Americas. (Reporting by Ernest Scheyder; Editing by David Gregorio)

On a day where all three major indexes are modestly in the red, Freeport-McMoRan Inc. (NYSE:FCX), Las Vegas Sands Corp. (NYSE:LVS), Wynn Resorts, Limited (NASDAQ:WYNN), and Newmont Corporation (NYSE:NEM) all fell substantially more today for different reasons. Although the commerce department's August retail sales report indicated an overall sales growth of 0.7%, new unemployment claims rose to 332,000. Given the price action of the equities, let's examine why each stock fell and how hedge funds were positioned amid the stocks to gauge smart money sentiment according to the latest 13F filing period.

Why do we care about hedge fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 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 115 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.

Freeport-McMoRan Inc. (NYSE:FCX) fell over 7% today after analysts at Deutsche Bank cut their price target to $46 per share from the previous $47 per share. Also weighing on Freeport-McMoRan Inc. (NYSE:FCX) shares could be the decline in copper, whose futures are down more than 2.7% so far. Although copper futures prices have rallied from August of 2020 to May of 2021 due to the global economic recovery, the commodity price has weakened since its May 2021 highs. Given copper contributes a substantial share of the company's annual EBITDA, Freeport-McMoRan Inc. (NYSE:FCX)'s profits are affected by copper futures price changes.

Out of the 873 total elite funds we track, 76 owned shares of FCX in the second quarter of 2021, up from 68 in the first quarter of the year. Here's more details on hedge fund activity surrounding the company.

In other news, Las Vegas Sands Corp. (NYSE:LVS) and Wynn Resorts, Limited (NASDAQ:WYNN) are down 2.5% and 3.78% after each company was downgraded by JPMorgan to 'Neutral' from 'Overweight'.

For Las Vegas Sands Corp. (NYSE:LVS), analyst Joseph Greff cut his price target to $38 from the previous $59 while the same analyst cut his price target for Wynn Resorts, Limited (NASDAQ:WYNN) to $89 from $122. Greff doesn't like the uncertainty around Macau and believes there could be 'much lower' multiples for Macau gaming stocks as a result.

Macau officials recently said they will begin a 45 day public consultation period beginning September 15 to consider legal revisions. One of the topics will be how many concessions will be allowed, the level of supervision that the government will enact, and how long the concessions terms will be. If regulatory control tightens more than expected, Las Vegas Sands Corp. (NYSE:LVS) and Wynn Resorts, Limited (NASDAQ:WYNN) could face headwinds.

As for smart money sentiment, 48 top funds that we track owned shares of Las Vegas Sands in the second quarter of 2021, down from 62 in the first quarter of 2021. Meanwhile, 37 top funds we track owned Wynn Resorts, Limited in the second quarter, down from 49 in the first quarter.

Newmont Corporation (NYSE:NEM) is more than 4.5% in the red due to the decline in gold futures prices. As of noon Eastern time, gold futures are down around 2.2%. Newmont is a leading gold producer with a portfolio of world class assets in top tier jurisdictions and Newmont Corporation's financial results depends substantially on gold prices. According to an August 2021 investor presentation, Newmont Corporation (NYSE:NEM) believes it could have +$400 million in free cash flow per annum for every $100/oz increase in gold price.

For the filing period ended June 30, 2021, Jean-Marie Eveillard's First Eagle Investment Management decreased its holdings by 1% in Newmont Corporation (NYSE:NEM) from the prior period to 18,402,336 shares.

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

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired by staking the Sabre Uranium Project ("Sabre", or the "Project") in northern Saskatchewan. Sabre consists of 16 mineral claims encompassing 16,041 hectares (38,659 acres), located along the northern margin of the Athabasca Basin near Richards Lake, SK, approximately 60 kilometres (40 miles) west of the community of Stony Rapids, SK.

Highlights of the Sabre Uranium Project

• Sabre is underexplored, with only three known drill holes completed within the Project area – no known exploration has been carried out within Sabre's boundaries since 2008;

• Historical prospecting discovered uranium-bearing sandstone boulders and outcrop with up to 375 parts per million ("ppm") uranium;

• Spectroscopic analysis by UEX Corporation in 2006 of core samples from drill hole MNL-02 identified intense dravite alteration in the sandstone column with up to 2,059 ppm Boron in a selective sample, indicating significant hydrothermal activity in the area of the drill hole;

• Relatively shallow depths to the Athabasca sandstone unconformity (estimated to range from 210 to 320 metres), with potential for unconformity-style or deeper, basement-hosted uranium mineralization; and

• Sabre has good access to the infrastructure provided at Stony Rapids, which includes the all-weather Highway 905, a commercial airport, equipment rentals and supplies, as well as readily available accommodation for exploration workers and a local labour pool.

"Sabre provides several of the hallmarks of an exceptional exploration target for Athabasca Basin-related uranium deposits," said Warren Stanyer, CEO and Chairman of ALX. "We look forward to advancing exploration at Sabre using modern exploration technologies, beginning this fall."

Radioactive uranium-bearing outcrop in historical trench at Sabre (Marline Oil, 1979)

To view an enhanced version of Photo 1, please visit:
https://orders.newsfilecorp.com/files/3046/96754_50e6b15264b4eafc_001full.jpg

2021-2022 Exploration Plans

ALX is compiling and integrating geophysical and geochemical data from historical work to identify new target areas at Sabre. ALX believes that historical geophysical conductors at Sabre were not well-resolved with the exploration technology available up to the mid-2000s. A site visit to verify uranium-bearing boulders and outcrop is planned in 2021 to better understand the relationship between the surface expression of uranium-bearing boulders and outcrop and the significant fault structures present at the Project. Additional work may include airborne radiometric surveys, airborne electromagnetic surveys and Spatiotemporal Geochemical Hydrocarbon ("SGH") soil surveys across the highest-priority areas, to optimize potential drill targets.

To view maps and photos of Sabre click here

About Sabre

Sabre is located along the northern margin of the Athabasca Basin, a dominantly sandstone-infilled basin which unconformably overlies crystalline basement rocks of the Tantato Domain of the Canadian Shield in northern Saskatchewan. The Athabasca Basin area is a fertile uranium district that hosts the world's highest-grade uranium mines, with over 900 million pounds of U₃O₈ produced since mining began in at the Nicholson Mine in 1949.

The Project is situated within the Snowbird Tectonic Zone ("STZ"), a major regional geological structure, and includes several parallel northeast-trending fault zones, as well as cross-cutting structures. Numerous historical uranium showings are found within the STZ, such as the Nisto Mine, Black Lake, and the Fond du Lac Uranium Deposit. The Fond du Lac Uranium Deposit, located approximately 15 kilometres west of the centre of Sabre, was discovered in 1970 by Camok Ltd., a predecessor company of Orano Canada Ltd., after tracing radioactive boulders to their source area and grid drilling. A shallow historical resource was calculated in 1970 of 990,000 pounds of U₃O₈ (450,000 kilograms) at an average grade of 0.25% but was never advanced further (Source: Saskatchewan Mineral Deposits Index, Mineral Property #1572. This historical resource is not necessarily indicative of the mineralization present at Sabre, nor is compliant with the standards of National Instrument 43-101 and has not been verified by ALX's Qualified Person. It is included for information purposes only.) Uranium mineralization at the Fond du Lac deposit is described as a "high-grade" central core (>0.06% and up to 5% U₃O₈) and a diffuse "low-grade" aureole with 0.02% to 0.06% U₃O₈ (Homeniuk, Clark and Bonnar, 1982).

In 1978, radioactive sandstone boulders were discovered at Sabre by Marline Oil, which led to additional prospecting, ground geophysics, rock sampling, and biogeochemical sampling over the three exploration years, but no drill holes were completed¹. In 2006, UEX Corporation targeted an airborne conductor with drill hole MNL-02, which intersected intense dravite alteration in the sandstone column². Dravite is commonly associated with hydrothermal alteration in the Athabasca Basin and can be found in close proximity to unconformity-type uranium mineralization.

¹ Saskatchewan Mineral Assessment Database, Marline Oil Corporation, Report Nos. 74O3-005, -006, 007 and -008
² Saskatchewan Mineral Assessment Database, UEX Corporation, Report Nos. 74O01-0037, and -0038

National Instrument 43-101 Disclosure

The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., a Director of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

Historical geochemical results and geological descriptions quoted in this news release were taken directly from assessment work filings published by the Government of Saskatchewan. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by its Qualified Person, but create a scientific basis for ongoing work in the Sabre project area. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.

About ALX

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

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 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. Forward-looking statements in this news release include: the Sabre Uranium Project ("Sabre") is prospective for uranium mineralization; the Company's plans to undertake exploration activities at Sabre, and expend funds on Sabre. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at Sabre, including drilling; our initial findings at Sabre may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at Sabre; and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop Sabre, and even if uranium or other metals or minerals are discovered in quantity, Sabre may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96754

(Bloomberg) — Australia has approved a controversial coal expansion project, which had been subject to a court order demanding the government consider its impact on climate change.

Environment Minister Sussan Ley has given environmental consent for Whitehaven Coal Ltd. to proceed with a A$600 million ($440 million) plan to extend open cut mining at its Vickery operation in New South Wales, which will more than double annual extraction to 10 million tons. Approval is subject to conditions relating to the protection of water resources and native species.

Whitehaven shares rose as much as 5.3% in Sydney trading on Thursday.

A federal court ruled in July that the government must assess the potential harmful consequences on young people that would be caused by additional greenhouse gas emissions when deciding whether to approve the project. The case had been brought by campaigners comprising an elderly nun and a group of Greta Thunberg-inspired teenagers. A government appeal against the ruling will be heard on Oct. 18.

“In approving the mine, Minister Ley has turned her back on the Federal Court, the international scientific consensus on climate change, and the children and young people of Australia,” Izzy Raj-Seppings, one of the student campaigners, said in a statement. Lawyers for the group said they were considering Ley’s approval and potential further legal action.

See also: Australia’s Partners Call for Stronger Targets to Cut Emissions

Prime Minister Scott Morrison has come under fire from climate groups for his ongoing support of the coal industry, which brought in around $40 billion in export revenue in fiscal 2021. He’s also been criticized by the U.S. and U.K. governments for failing to set a 2050 target to reach net zero emissions.

Whitehaven said in a statement that approval had come after “an exhaustive process of technical evaluation and stakeholder consultation at both the State and Federal levels spanning five years.” The project had received 560 public submissions, of which almost two-thirds were supportive, the company said.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

Unless you borrow money to invest, the potential losses are limited. But if you pick the right business to buy shares in, you can make more than you can lose. For example, the Denison Mines Corp. (TSE:DML) share price has soared 270% return in just a single year. And in the last month, the share price has gained 76%. It is also impressive that the stock is up 204% over three years, adding to the sense that it is a real winner.

Since it's been a strong week for Denison Mines shareholders, let's have a look at trend of the longer term fundamentals.

Check out our latest analysis for Denison Mines

Denison Mines isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.

In the last year Denison Mines saw its revenue shrink by 7.1%. We're a little surprised to see the share price pop 270% in the last year. This is a good example of how buyers can push up prices even before the fundamental metrics show much growth. Of course, it could be that the market expected this revenue drop.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. This free report showing analyst forecasts should help you form a view on Denison Mines

A Different Perspective

It's nice to see that Denison Mines shareholders have received a total shareholder return of 270% over the last year. Since the one-year TSR is better than the five-year TSR (the latter coming in at 29% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 3 warning signs for Denison Mines that you should be aware of before investing here.

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.

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

TORONTO, ON / ACCESSWIRE / September 16, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce the potential of 2 large areas containing gold, copper, zinc, lead, and/or silver mineralization in soils along a 10 km trend. The geological environment has potential to host a variety of deposit types, such as the Telfer gold-copper deposit in Australia, Sukoi-Log gold deposit in Russia, Pebble gold-copper deposit in Alaska, and the Sullivan zinc-lead-silver deposit. The Dewdney Trail Property is located in the Vulcan Gold Belt of the Sullivan Mining District near Cranbrook, southeastern British Columbia, Canada.

Highlights

• Gold locally occurs in sediments with stockwork quartz veining and sericite-carbonate alteration (see photo A below).

• Gold grades in rock grab samples can range from anomalous to over 30 g/t.

• Multiple target areas have been identified along a 10 km trend.

• Two of the most advanced exploration targets are the Tackle Basin area (approximately 2 km x 2 km) and the Lewis Ridge area (approximately 3 km x 2 km).

• Gold is the dominant element in soils in the Tackle Basin area.

• The Lewis Ridge area has a multi-element signature of gold, copper, zinc, lead, bismuth, molybdenum, arsenic and silver in soil (see Figures 1 to 8 below).

• Mineralization occurs in sediments similar in age (Proterozoic) and/or type (turbidites, quartzites) to other deposits such as Telfer, Sukoi-log and Sullivan.

• Sediments have been intruded by felsic intrusives (alkalic, calc-alkalic) similar in age (Cretaceous to possibly Eocene) to deposits such as Pebble or the Butte district in Montana.

• Gold and/or copper mineralization can also be associated with felsic intrusives.

• Both target areas occur within the hinge and/or limb of a large regional anticline fold structure.

• Next steps include the assessment of airborne magnetotelluric and magnetic surveys along the 10 km trend to help define drill targets.

"The Lewis Ridge and Tackle Basin are two of a number of highly prospective targets that we have identified on our large land package in the Sullivan Mining District" states John Keating, President and CEO of PJX Resources. "We recently announced the Gar granitic intrusive target with grab samples of sheeted veins ranging from anomalous to 28,841 ppb (28.84 g/t) gold on our Zinger Property (see August 17, 2021 press release). We also have the high grade David Gold Zone on the Gold Shear Property. Drilling has commenced to test on strike and down plunge of the David Gold Zone. Results of this 1,100 m drill program will be announced in the coming months along with results of mapping, prospecting, geochem and geophysics on other target areas. We believe the Sullivan Mining District has potential to host multiple gold and base metal deposits. We invite you to watch our 3 minute video explaining why". ( https://youtu.be/iCbzQDi6ANo or www.pjxresources.com )

Figure 1 – Gold in soil samples

Figure 2 – Copper in soil samples

Figure 3 – Zinc in soil samples

Figure 4 – Lead in soil samples

Figure 5 – Bismuth in soil

Figure 6 – Molybdenum in soil samples

Figure 7 – Arsenic in soil samples

Figure 8 – Silver in soil samples

Photo A – Gold host rock – quartz stockwork veining in sericite-carbonate altered quartzite/turbidite sedimentary rocks.

Stock Option Grant

The Company's board of directors has authorized granting stock purchase options to certain directors, employees and consultants to acquire an aggregate of 2,685,000 common shares at an exercise price of $0.20, expiring September 12, 2026. The foregoing is subject to regulatory acceptance.

Qualified Persons

The foregoing geological disclosure has been reviewed and approved by John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper, nickel). PJX's primary properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.

Please refer to our web site http://www.pjxresources.com for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com

Forward-Looking Information

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

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

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

SOURCE: PJX Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/664203/PJX-Resources–Sullivan-Mining-District–Intrusive-Related-Gold-Copper-and-Sullivan-Type-Zinc-Lead-Silver-Target-Areas-Identified-on-the-Dewdney-Trail-Property

SAN DIEGO, CA / ACCESSWIRE / September 15, 2021 / Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Piedmont Lithium Inc. (NASDAQ:PLL) securities between March 16, 2018 and July 19, 2021, inclusive ("Class Period"), have until this Tuesday, September 21, 2021 to seek appointment as lead plaintiff in the Piedmont Lithium class action lawsuit. The Piedmont Lithium class action lawsuit (Skeels v. Piedmont Lithium Inc., No. 21-cv-04161) charges Piedmont Lithium and certain of its top executives with violations of the Securities Exchange Act of 1934. The Piedmont Lithium class action lawsuit was commenced on July 23, 2021 in the Eastern District of New York.

If you wish to serve as lead plaintiff of the Piedmont Lithium class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Piedmont Lithium class action lawsuit must be filed with the court no later than September 21, 2021.

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

On July 20, 2021, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which reported the following, among other things, regarding Piedmont Lithium's regulatory issues in North Carolina: "The company, however, 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. Five 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 Lithium's stock price fell nearly 20%, damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Piedmont Lithium securities during the Class Period to seek appointment as lead plaintiff in the Piedmont Lithium class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Piedmont Lithium class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Piedmont Lithium class action lawsuit. An investor's ability to share in any potential future recovery of the Piedmont Lithium class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs' firm. Please visit https://www.rgrdlaw.com/firm.html for more information.

Attorney advertising.

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Contact:

Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
jsanchez@rgrdlaw.com

SOURCE: Robbins Geller Rudman & Dowd LLP

View source version on accesswire.com:
https://www.accesswire.com/664081/DEADLINE-NEXT-WEEK-Robbins-Geller-Rudman-Dowd-LLP-Announces-that-Piedmont-Lithium-Inc-Investors-with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Lawsuit–PLL

Figure 1

Ground Magnetics Analytic Signal for Priority Drill Targets

Figure 2

Priority Drill Targets Relative to Oxide-Rich Caps of Amarilla and Verde

TORONTO, Sept. 15, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) is excited to announce the commencement of its 2021 near mine exploration drilling program on its 91.1% owned Minera Tres Valles (“MTV”) property near Salamanca, Region de Coquimbo, Chile.

“Since Vale first staked the property and found our two deposits named Don Gabriel and Papomono in 2005/2006, little further exploration has been performed on the property,” said Mr. Staresinic, President and CEO of Three Valley Copper. “A majority of Vale’s 170,000 meters of diamond drilling was focused on defining these two deposits. Multiple targets were identified elsewhere on the 46,000-hectare land package although detailed follow up was postponed while delineation of Don Gabriel and Papomono was prioritized. Our drill program will test high-potential copper targets located between Don Gabriel and Papomono, which sit approximately 3 kilometers apart. This initial area of focus represents less than 5 square kilometers or approximately 1% of our land package. We believe this is an excellent opportunity to identify new near-surface copper occurrences close to our existing mines and mineral processing plant.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed4d7f5f-1bb5-452b-8592-e9e518c0da8b

Among the information being used by MTV’s exploration team in planning the drilling program includes ground geophysical (magnetics and IP chargeability) anomalies with similarities to anomalies that are spatially associated with the Papomono and Don Gabriel mines. Geophysical surveying of the area was conducted in 2005 by Zonge Ingenieria y Geofisica (Chile) S.A. during the previous ownership of Compañia Minera Latino Americano Ltda, a subsidiary of Vale.

Mineralization at both Papomono and Don Gabriel mines is associated with distinctive magnetic analytic signal highs and intermediate responses in IP chargeability, likely mapping magnetite in genetically-related intrusives and copper-iron sulphide minerals, respectively. MTV believes that similar geophysical characteristics elsewhere in the district may be mapping similar copper-mineralized rock helping to frame drill targets for the upcoming program.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8c3368b5-32e6-4255-9296-0b5d23560b81

Amarilla and Verde are two of the largest and longest running third-party miner locations where oxide-rich caps have been accessed and processed through MTV’s facilities. It is notable that there is a cluster of artisanal mining pits extending beyond Amarilla and Verde. The possibility that these are all part of a larger mineralized system is consistent with the available ground geophysical data. Initial drilling will be conducted in the area of the Verde deposit, which has been mined by third-party miners until recently.

Drilling will be conducted from existing surface infrastructure under current environmental permits. It is expected that this first phase of drilling will include approximately 6,000 to 8,000 meters and $2.5 million has been budgeted for this phase. MTV’s exploration team will assess the results of new drill holes when they are received and incorporate these results into the dynamic design and management of the program.

Qualified Person

Dr. John Mortimer, a consultant to Three Valley Copper, a qualified person under National Instrument 43–101 Standards of Disclosure for Mineral Projects has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

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: identifying new near-surface copper occurrences, similar magnetic signals to Papomono and Don Gabriel elsewhere on the property may indicate similar copper-mineralized rock, and the possibility of a larger mineralized system.

Although TVC 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: there being no additional significant disruptions affecting the development and operation of MTV; the availability of certain consumables (including water) and services and the prices for power and other key supplies; expected labour and materials costs; expected fixed operating costs; permitting and arrangements with stakeholders; certain tax rates, including the allocation of certain tax attributes, being applicable to MTV; the availability of financing for the Company's and MTV’s planned operations and development activities; assumptions made in mineral resource and mineral reserve estimates and the financial analysis based on these estimates, including (as applicable), but not limited to, geological interpretation, grades, commodity price assumptions, metallurgical performance, extraction and mining recovery rates, hydrological and hydrogeological assumptions, capital and operating cost estimates, and general marketing, political, business and economic conditions, the continued availability of quality management, critical accounting estimates, all terms of the restructuring agreement and facility agreement to which MTV and the Company are parties will be satisfied in the future including no events of default, existing water supply will continue, supplemental water availability will continue, the geopolitical risk of Chile will remain stable, including risks related to labour disputes, the construction and expansion of mining operations including the Papomono Masivo incline block caving underground mining project, as well as the timing thereof and production therefrom; the timing of production and results for the recently restarted Don Gabriel mine; and expected timelines for drawdown and repayment of indebtedness of MTV.

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, including: (i) possible variations in grade or recovery rates; (ii) copper price fluctuations and uncertainties; (iii) delays in obtaining governmental approvals or financing; (iv) risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to mineral reserves, production, costs and expenses; and labour, health, safety and environmental risks) and risks associated with the other portfolio companies' industries in general; (v) performance of the counterparty to the ENAMI Contract; (vi) risks associated with investments in emerging markets; (vii) general economic, market and business conditions; (viii) market volatility that would affect the ability to enter or exit investments; (ix) failure to secure additional financing in the future on acceptable terms to the Company, if at all; (x) commodity price and foreign exchange fluctuations and uncertainties; (xi) risks associated with catastrophic events, manmade disasters, terrorist attacks, wars and other conflicts, or an outbreak of a public health pandemic or other public health crises, including COVID-19; (xii) those risks disclosed under the heading "Risk Management" in TVC’s Management’s Discussion and Analysis for the period ended December 31, 2020; and (xiii) those risks disclosed under the heading "Risk Factors" or incorporated by reference into TVC’s Annual Information Form dated March 3, 2021. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and SRHI 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.

Cautionary Note to United States Investors Concerning Estimates of measured, indicated and inferred mineral resources

This news release may use the terms "measured", "indicated" and "inferred" mineral resources. Historically, while such terms were recognized and required by Canadian regulations, they were not recognized by the United States Securities and Exchange Commission (the “SEC”). The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). These amendments became effective February 25, 2019 (the “SEC Modernization Rules”) with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which will be rescinded from and after the required compliance date of the SEC Modernization Rules. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured”, “indicated” and “inferred” mineral resources. In addition, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves” to be substantially similar to the corresponding Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required by NI 43-101. Investors are cautioned that "Inferred mineral resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

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.

Rio Tinto plc RIO and Caterpillar, Inc. CAT recently joined forces to develop zero-emissions autonomous haul trucks for use at one of Rio Tinto’s Western Australian mining operations. This marks a significant step in Rio Tinto’s mine automation and digitalization program, and the target of attaining net zero emissions by 2050. The move also highlights Caterpillar’s efforts in developing autonomous solutions for customers.

Both of the parties will work together to advance the development of Caterpillar’s future 220-ton 793 zero-emissions autonomous haul truck including the validation of Caterpillar’s emerging zero-emissions technology. Prototypes will be developed, tested, and undergo pre-production trials. It is anticipated that the world’s first operational deployment of approximately 35 new Caterpillar 793 zero-emissions autonomous haul trucks will be at Gudai-Darri, which is Rio Tinto’s most technically advanced iron ore mine in the Pilbara region, Western Australia. Rio Tinto intends to make Gudai-Darri one of the world’s most technologically advanced mines. Construction at Gudai-Darri continues to progress with production ramp-up on track for early 2022. Once completed, the mine will have an annual capacity of 43 million tons.

Earlier in June, Rio Tinto announced that it will deploy the world’s first fully autonomous water truck at its Gudai-Darri mine in partnership with Caterpillar. Water spraying is a vital part of mining operations and this new technology will enhance productivity by enabling digital tracking of water consumption, while cutting down water wastage. Rio Tinto has earmarked approximately $1 billion in investments over the next five years to get its operations down to net zero emissions by 2050.

Rio Tinto’s existing Autonomous Haulage System has improved safety by reducing the risks associated with operators working around heavy machinery. With the help of technology and automation, miners are bringing radical changes to mining operations to increase productivity, reduce cost and improve frontline safety. These efforts will help the industry meet its sustainability target by cutting down on carbon emissions, which is the need of the hour considering the severity of climate change.

Earlier this month, Brazilian miner Vale S.A VALE announced that it has started operating six autonomous haul trucks in Carajás — its largest iron ore complex in Brazil and plans to take it up to 10 vehicles by this year-end. This follows the success of the autonomous operation at Vale’s second largest mine, Brucutu, in Minas Gerais, Brazil, in 2016. Last month, BHP Group BHP announced a partnership with Caterpillar to develop and deploy zero-emissions mining trucks at BHP sites to reduce operational greenhouse gas emissions.

Last year, Newmont Mining Corporation NEM announced investment in implementation of the Autonomous Haulage System at Boddington mine in Australia to enhance safety and productivity, while extending mine life. Once operational, Boddington will be the first open pit gold mine in the world with a fully autonomous haul truck fleet.

Given its benefits to the miners, the driverless fleet is becoming increasingly popular among miners. The number of autonomous trucks is expected to surge over the next few years, thanks to major investments by miners globally. Capitalizing on this demand, Caterpillar is enhancing its autonomous capabilities and bringing innovative products into markets that provide it with a competitive edge in mining. The intensifying global focus on shifting from fossil fuels to zero emissions will require a huge amount of commodities. This is a win-win situation for both miners and mining equipment makers.

Caterpillar and Newmont currently carry a Zacks Rank #3 (Hold). BHP, Vale and Rio Tinto carry a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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
 
Caterpillar Inc. (CAT) : Free Stock Analysis Report
 
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
 
VALE S.A. (VALE) : Free Stock Analysis Report
 
Newmont Corporation (NEM) : Free Stock Analysis Report
 
Rio Tinto PLC (RIO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

PITTSBURGH, Sept. 15, 2021 /PRNewswire/ — CNX Midstream Partners LP ("CNX Midstream," "we" or "our"), a wholly owned subsidiary of CNX Resources Corporation (NYSE: CNX), today announced that it intends, subject to market and other conditions, to offer and sell to eligible purchasers $400 million aggregate principal amount of senior notes due 2030 (the "Notes") in a private offering (the "Notes Offering"). The Notes will be guaranteed by all of CNX Midstream's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility. CNX Midstream intends to use the net proceeds of the sale of the Notes together with cash on hand and borrowings under its revolving credit facility to purchase any and all of the approximately $400 million aggregate principal amount outstanding of its 6.500% senior notes due 2026 (the "2026 Notes") pursuant to a tender offer (the "Tender Offer") that commenced concurrently with the Notes Offering and to redeem any of its 2026 Notes that remain outstanding after completion of the Tender Offer. The Notes Offering is not conditioned on the consummation of the Tender Offer. The Tender Offer is conditioned on, among other things, the consummation of the Notes Offering.

The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.

CNX Midstream is a growth-oriented master limited partnership that owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin in Pennsylvania and West Virginia. Our assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

Cautionary Statements:

This press release does not constitute an offer to sell or the solicitation of an offer to buy any Notes nor shall there be any sale of Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering may be made only by means of an offering memorandum.

Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" (within the meaning of the federal securities laws) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Without limiting the generality of the foregoing, forward-looking statements contained in this communication specifically include statements regarding the proposed terms of the Notes Offering, the anticipated use of proceeds therefrom and the Tender Offer.

Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," "will" or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements.

When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements unless required by securities laws, and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cnx-midstream-partners-lp-announces-private-offering-of-400-million-of-senior-notes-301377652.html

SOURCE CNX Resources Corporation; CNX Midstream Partners LP

Symbol: AZM.TSX Venture

LONGUEUIL, QC, Sept. 15, 2021 /CNW Telbec/ – Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that the summer drilling program on the Rex-Duquet ("Rex") and Rex South copper-gold properties has been completed on eight significant targets, including iron oxide copper-gold ("IOCG") mineralization, reduced intrusion-related gold-polymetallic systems and copper-gold mineralization in shear zones.

The projects are part of a major Strategic Alliance ("the Alliance") signed between Azimut and SOQUEM Inc. ("SOQUEM") (see press release of May 15, 2019). In 2021, SOQUEM funded a $4-million exploration program on both properties comprising 48.8 km of ground geophysics (induced polarization; "IP"), 2,890 metres (17 holes) of diamond drilling, and channel sampling. Assay results are pending. Azimut is the operator of the Alliance.

The region offers significant potential for commodities deemed critical or strategic by the Quebec and Canadian governments, specifically copper, tellurium, bismuth, tungsten, tin, molybdenum, rhenium, indium and rare earth elements. The Rex and Rex South properties cover a region considered by the Company's management to be a new mineral province with the potential to host large-scale deposits.

The properties are part of the Rex Trend, a strong 300-kilometre-long copper anomaly in lake-bottom sediments ("LBS") coupled with a strong 100-kilometre-long rare earth anomaly. The Alliance aims to unlock the mineral potential of this largely underexplored region.

2021 Exploration Program (see Figures 1 to 4)

The 2021 summer program comprised:

• Ground geophysics to further define and rank drilling targets (approximately 48.8 line-km of IP and 72.6-line-km of magnetics). This preparatory work started in April and was completed in June.

• Diamond drilling totalling 2,890 metres in 17 holes (2,152 m in 12 holes on Rex and 738 m in 5 holes on Rex South).

The key features of the main target zones that were drill-tested during the 2021 program are summarized below. They correspond to previously reported results. Note that grab samples are selective by nature and unlikely to represent average grades.

RBL Zone (Rex)

The RBL Zone is at least 3 kilometres long by 50 to 200 metres wide, with up to 11.3% Cu in grab samples. Mineralization primarily consists of chalcopyrite (lesser digenite, covellite) and pyrite. Copper mineralization is present as disseminations and in veinlets, stockworks, centimetric to decimetric massive sulphide blebs, semi-massive veins and breccia cement.

The zone is marked by a wide alteration corridor (50 m to 400 m wide), conformable with a NNW-trending brittle fault. Alteration mainly consists of pervasive potassic alteration that obliterates primary gneissic host rocks, accompanied by pervasive silica, quartz veins and veinlets, chlorite and epidote. The corridor displays an extensive stockwork of quartz-magnetite/hematite veins and veinlets and polymictic breccias.

RBL exhibits characteristics of a major IOCG-type hydrothermal-magmatic system with possible significant down-dip extensions. Other comparable zones in the Rex Trend appear to be related to brittle faults (the KAAM, Mousquetaires, CM, Jemima, Impact and Sombrero zones), highlighting the regional-scale potential for this type of deposit, likely related to deep-rooted crustal-scale structures.

Mousquetaires Zone (Rex)

Mousquetaires is a target zone at least 1.5 kilometres long by 200 metres wide related to a copper-bearing brittle fault cutting a foliated iron formation. The zone returned grades up to 13.65% Cu, 0.12% Mo, 25.9 g/t Te and 14.25 g/t Re from different grab samples. This zone, which shows alteration and vein types comparable to the RBL Zone, may represent the strike extension of the RBL Zone located 10 kilometres to the NNW.

Subtle Zone (Rex)

The Subtle target zone is recognized over an area 500 metres long by 150 metres wide, striking NNW with a subvertical dip and largely open along strike. It is interpreted as a shear-hosted mineralized system, returning high grades of 580 g/t Au, 915 g/t Ag and 7.87% Zn from grab samples, including up to 11.7 g/t Te, 0.5% W and 0.25% Mo.

PAK Zone and PAK North Zone (Rex)

The PAK and PAK North zones lie on strike with the Subtle Zone. They form a group of 10 prospects distributed over a distance of 7 kilometres that yielded up to 133.5 g/t Au, 851 g/t Ag, 9.09% Zn, >500 g/t Te, 1.6% Cu and 0.87% W in grab samples and proximal boulders.

Augossan Zone (Rex South)

The Augossan Zone represents a large polymetallic envelope (Au, Ag, Cu, W, Sn, Te, Bi, Rb, Mo) at the contact between an oval-shaped (5 km by 15 km) fluorite-topaz-bearing A-type intrusive complex (the Qalluviartuuq Intrusive Complex) and volcano-sedimentary rocks. Augossan measures about 8,000 metres long by 100 to 350 metres wide, as defined by extensive prospecting results and data from previous reverse circulation ("RC") reconnaissance drill holes. The zone remains open in all directions, notably toward the intrusion.

Delineation work returned grades of up to 47.2 g/t Au, 90.0 g/t Ag, 2.56% Cu, 60.8 g/t Te, 4.62% W, 7.53% Sn, 0.36% Mo, 0.77% Bi, and 0.25% Rb in grab samples.

Channel sampling notably yielded 7.53% Sn, 0.72% W and 0.14% Cu over 2.7 m. Highlights from a previous RC drilling program include 0.14% W over 15.24 m, 0.12% W and 0.35% Cu over 7.62 m; 1.28 g/t Au, 8.41 g/t Ag and 0.12% Cu over 6.1 m; 1.10 g/t Au and 2.60 g/t Ag over 9.14 m.

Copperton Zone (Rex South)

The Copperton Zone is hosted in a variably sheared, steeply dipping feldspathic intrusion, and in amphibolites and gneissic metasediments. The mineralized corridor is recognized over a strike length of 3.5 kilometres and a width of 20 to 100 metres. Mineralization is mainly disseminated to semi-massive chalcopyrite, pyrite and pyrrhotite. The best grades were 9.56 g/t Au, 82.7 g/t Ag, 9.56% Cu, 38.4 g/t Te and 0.23% W in various grab samples.

Dragon North Zone (Rex South)

The Dragon North target zone is hosted in foliated mafic and felsic volcanics striking NW and dipping to the NE. It is approximately 450 metres long by 90 metres wide and appears spatially correlated with a magnetic high. Mineralization is mainly chalcopyrite accompanied by lesser pyrite and magnetite, with the best grab samples grading 4.05% Cu, 0.6% Mo and 2.78% Cu, 0.13% Mo. Alteration is mainly silicification.

Dragon Zone (Rex South)

Dragon is hosted in felsic orthogneiss. Mineralization occurs as chalcopyrite in quartz veins and veinlets associated with tourmaline. Alteration is marked by epidote and hematite. The best grades from grab samples are 3.67% Cu, 11.2 g/t Au and 48.5 g/t Te. The preliminary strike extent of this zone is about 2 kilometres. Widths are still undefined.

About the Rex Trend

The district-scale Rex and Rex South properties have provided a controlling land position over the giant LBS copper anomaly of the Rex Trend since 2009. The anomaly correlates well with more than 150 polymetallic prospects and mineralized zones (see press releases of November 6 and November 25, 2019).

The Rex Trend is a vast underexplored region of Northern Quebec. The Rex and Rex South properties were staked after the Company applied its proprietary AZtechMine^TM expert system to copper-gold predictive modelling over 1,247,900-km².

The Rex-Duquet Property (2,040 claims) comprises three (3) main claim blocks totalling 871.5 km² with a cumulative length of 74 kilometres. The Rex South Property (2,343 claims) consists of two (2) claim blocks totalling 1,020.6 km² with a cumulative length of 68 kilometres.

About the Azimut-SOQUEM Nunavik Alliance and 2021 program

The Alliance, announced on May 15, 2019, comprises two (2) option phases representing a total investment of up to $40 million:

• First Option ($16 million for 50%): SOQUEM has the option to earn an initial 50% interest in the Rex-Duquet, Rex South and Nantais properties by investing $16 million in exploration work over a period of four (4) years, the first two (2) years being a firm commitment of $4 million each year.

• Second Option ($8 million, plus a PEA per designated property for an additional 10%): SOQUEM will have the option to earn an additional 10% interest in each designated property (for a total 60% interest in each property) by investing $8 million per designated property over a period of two (2) years and delivering a preliminary economic assessment ("PEA").

Geosig Inc. of Quebec City (Quebec) conducted the geophysical surveys over the Rex and Rex South properties. The IP survey used a pole-dipole array with readings every 25 metres (n=1 to 8). Drilling was completed by Chibougamau Drilling Ltd of Chibougamau, Quebec. The hole diameter is BTW.

Drill core samples are sent to AGAT Laboratories from Mississauga, Ontario, and ALS Minerals in Val-d'Or, Quebec. Azimut applied industry-standard QA/QC procedures to the program. Certified reference materials, blanks and field duplicates are included in all batches of drill core sent to the laboratories.

This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. The field program is under the direction of François Bissonnette, P.Geo., Azimut's Operations Manager. SOQUEM's professionals were also part of the exploration team.

About SOQUEM

SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.

About Azimut

Azimut is a mineral exploration company whose core business centres on target generation and partnership development. The Company is actively advancing the Patwon gold discovery on its 100%-owned flagship Elmer Property in the James Bay region.

The Company uses a pioneering approach to big data analytics (the proprietary AZtechMine^TM expert system), enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline, a strong balance sheet and has 81.7 million shares issued and outstanding. Azimut's competitive edge against exploration risk is based on systematic regional-scale data analysis and multiple concurrently active projects.

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.

SOURCE Azimut Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/September2021/15/c3216.html

PITTSBURGH, Sept. 15, 2021 /PRNewswire/ — CNX Midstream Partners LP ("CNX Midstream"), a wholly owned subsidiary of CNX Resources Corporation (NYSE: CNX), today announced that it has commenced a cash tender offer (the "offer") to purchase any and all of the outstanding senior notes listed in the following table at the cash purchase price shown in the column titled "Purchase Price per $1,000 of Notes."

Holders whose notes are purchased will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the settlement date.

The offer is being made pursuant to the terms and conditions contained in the Offer to Purchase and Notice of Guaranteed Delivery, copies of which may be obtained from Global Bondholder Services Corporation, the tender agent and information agent for the offer, by calling (866)-470-3700 (toll free) or, for banks and brokers, (212) 430-3774 or by email at contact@gbsc-usa.com. Copies of the Offer to Purchase and Notice of Guaranteed Delivery are also available at the following web address: www.gbsc-usa.com/cnxm/.

The offer will expire at 5:00 p.m. New York City Time on September 21, 2021, unless extended or earlier terminated (such time and date as the same may be extended, the "Expiration Time"). Tendered notes may be withdrawn at any time before the Expiration Time. Holders of notes must validly tender and not validly withdraw their notes (or comply with the procedures for guaranteed delivery) before the Expiration Time to be eligible to receive the consideration for their notes.

Settlement for notes tendered prior to the Expiration Time and accepted for purchase will occur promptly after the Expiration Time, which is expected to be September 22, 2021, assuming that the offer is not extended or earlier terminated. The settlement date for any notes tendered pursuant to a Notice of Guaranteed Delivery is expected to be on September 24, 2021, subject to the same assumption.

The offer for the notes is conditioned upon the satisfaction of certain conditions, including the completion of a contemporaneous notes offering by CNX Midstream on terms and conditions (including, but not limited to, the amount of proceeds raised in such offering) satisfactory to CNX Midstream. The offer is not conditioned upon any minimum amount of notes being tendered and the offer may be amended, extended, terminated or withdrawn, subject to applicable law.

CNX Midstream has retained Wells Fargo Securities, LLC to serve as the exclusive Dealer Manager for the offer. Questions regarding the terms of the offer may be directed to Liability Management Group at (704) 410-4756 (collect) or (866) 309-6316 (U.S. toll-free).

CNX Midstream owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin in Pennsylvania and West Virginia. Our assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

This release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Cautionary Note Regarding Forward-Looking Statements

Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Without limiting the generality of the foregoing, forward-looking statements contained in this communication specifically include statements regarding the proposed terms of the offer.

Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," "will" or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements.

When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements unless required by securities law, and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are t and many of which are beyond our control.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cnx-midstream-partners-lp-announces-tender-offer-for-its-6-500-senior-notes-due-2026–301377656.html

SOURCE CNX Resources Corporation; CNX Midstream Partners LP

Many investors historically have turned to safe haven assets such as precious metals in times of economic and political turmoil. Mining companies have vastly outperformed the broader market in the last year. Here are the top 3 mining stocks with the best value, the fastest earnings growth, and the most momentum.