Pre-tax NPV of C$314M with 28.3% IRR at US$916/t Cg; after-tax NPV of 186M with 21.5% IRR

MONTREAL, September 09, 2021–(BUSINESS WIRE)–Lomiko Metals Inc. (Lomiko) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals Inc or "Lomiko" or the "Corporation") is pleased to announce it has launched a new web site, http://www.lomiko.com, in French and English to communicate the positive results from the Preliminary Economic Assessment ("PEA") on its 100 percent-owned La Loutre Project in south-eastern Quebec released July 29, 2021. Ausenco Engineering Canada Inc. ("Ausenco") will complete the PEA in accordance with National Instrument 43-101 ("NI 43-101") for filing on SEDAR which will also be fully translated. Lomiko has also initiated an Environmental Baseline Study and Communication Relations Plan announced August 27, 2021 and aims to initiate a Preliminary Feasibility Study (PFS) to advance its La Loutre Project towards production as part of a development strategy while continuing its aggressive drilling programs to maximize value creation.

Highlights of the PEA (all figures are stated in Canadian dollars unless otherwise stated):

• Long-term Weighted-Average¹ Graphite Price US$916/t Cg conc. (graphitic carbon concentrate)

• Exchange rate: C$1.00 = US$0.75

• Pre-tax Net Present Value (NPV) (8%) of C$313.6M

• After-tax NPV (8%) of C$185.6M

• Pre-tax Internal Rate of Return (IRR) of 28.3%

• After-tax IRR of 21.5%

• Pre-tax payback period of 3.3 years

• After-tax payback period 4.2 years

• Initial capital ("CAPEX") of C$236.1M including mine pre-production, processing, infrastructure (roads, power line construction, co-disposal facility for mill tailings and mine waste rock, ancillary buildings, and water management)

• Life of mine processing period ("LOM") of 14.7 years

• Average life of mine (LOM) strip ratio (Waste Rock:Mill Feed ) of 4.04:1

• LOM plant production of 21,874 Kilotonnes (kt=1,000 metric tonnes) of mill feed yielding 1,436 kt of graphite concentrate grading 95.0% Cg.

• Average annual graphite concentrate production of 108 kt for the first eight years; LOM average annual production of 97.4 kt.

• Average graphite mill head grade of 7.44% Cg for the first eight years; LOM average graphite mill head grade of 6.67% Cg.

• Average LOM recovery of 93.5% Cg.

• Indicated resources at the base case cut-off grade of 1.5% Cg of 23,165 kt at a 4.51% Cg grade for 1.04 Mt of graphite.

• Inferred resource at the base case cut-off grade of 1.5% Cg of 46,821 kt at a 4.01% Cg grade for 1.9Mt of graphite.

• Cash Cost of US$386 per tonne of graphite concentrate

• All-in Sustaining Cost ("AISC") of US$406 per tonne of graphite concentrate

The Lomiko team is pleased to present the results of a PEA on its La Loutre Project, clearly demonstrating its potential for the Corporation to become a major North American graphite producer, with a positive after-tax Internal Rate of Return ("IRR") of 21.5% and after-tax Net Present Value ("NPV") of C$186M. The PEA supports an open pit project with production spanning 14.7 years with robust economics at a US$916/tonne Cg sale price, with very attractive cash costs and AISC, and low CAPEX. The first eight years will target production averaging 108 kt/a payable graphite concentrate peaking at 112 kt/a in year 4.

"La Loutre has shown it has the potential to become a highly profitable graphite mine in one of the most prolific producing regions in Canada. The La Loutre PEA was produced by the Ausenco team, one of the most experienced and reputable engineering firms working on mining projects in Canada. With further drill programs, we will continue to add to and upgrade resources as we seek to move the project forward towards production," said A. Paul Gill, President, CEO and director, Lomiko.

The Company’s goal is for La Loutre to be a cornerstone mine for its future growth in a mining friendly jurisdiction. With a strong treasury to support their next steps, the Company plans to commence a Preliminary Feasibility Study (PFS) and Environmental Impact Studies while continuing to explore the geological potential of its La Loutre property.

"The development of Canada-USA and Canada-EU critical minerals collaboration agreements gives access for graphite products in these markets. There is a focus on projects with environmental, social and governance (ESG) acceptability which Lomiko has also adopted. The strict criteria for the report should result in competitively priced graphite for customers in the North America and European markets. These recent agreements between Canada and the USA and Canada and Europe have identified graphite as a critical element that will be part of a new supply chain. Lomiko is ready to maximize La Loutre’s value by advancing the studies to further refine and de-risk the project," added Gill.

Lomiko looks forward to working with its partners in the MRC of Papineau region including the Lac-des-Plages and the Duhamel municipalities, as well as the surrounding First Nations communities. We will also continue to work closely with the Quebec and Federal governments to advance the La Loutre Project.

Further details are available under the July 29,2021 News Release

Qualified Person

All technical information, not pertaining to the PEA, in this news release has been reviewed and approved by Mike Petrina, P.Eng., who is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

About Lomiko Metals Inc.

Lomiko Metals holds a 100% interest in its La Loutre graphite development in southern Quebec. Located 180 kilometres northwest of Montreal, the property consists of one large, continuous block with 42 minerals claims totalling 2,509 hectares (25.1 km²). Lomiko also optioned The Bourier project consisting of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km²) in Canada’s lithium triangle near the James Bay region of Quebec that has lithium deposits and mineralization trends.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the transaction; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the restart of operations; further steps that might be taken to mitigate the spread of COVID-19; the impact of COVID-19 related disruptions in relation to the Corporation's business operations including upon its employees, suppliers, facilities and other stakeholders; uncertainties and risk that have arisen and may arise in relation to travel, and other financial market and social impacts from COVID-19 and responses to COVID-19. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

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

On Behalf of the Board,

"A. Paul Gill"

Chief Executive Officer

__________________________

¹ The long-term weighted-average graphite price is determined by weighting the percentage of production of flake sizes of graphite against the respective flake size prices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210909005167/en/

Contacts

Lomiko Metals
A. Paul Gill, 604-729-5312
info@lomiko.com

VANCOUVER, BC / ACCESSWIRE / September 9, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to provide an update on the progress of its metallurgical program to produce samples of mixed rare earth carbonate ("REC") concentrate to satisfy several requests by global processors. As part of this program, continued bench-scale flowsheet development, ahead of scale-up and bulk processing, has resulted in the highest rare earth element ("REE") recoveries to date into the combined high-grade monazite mineral concentrate¹ as well as into the subsequent sulphation crack water-leach liquor phase (i.e., the pregnant leach solution or "PLS"). Highlights include:

• Monazite mineral concentrate¹ grade ofapproximately 40% rare earth oxide ("REO") at 82% recovery and 3.2% mass pull (recovery and mass pull with reference to unprocessed whole rock).

• Recoveries of 98% Nd, 98% Pr, 95% Tb, and 90% Dy into the PLS (with reference to the mineral concentrate¹).

• Combined overall NdPr recovery of approximately 78% into the PLS (with reference to unprocessed whole rock).

The flowsheet for the Ashram REE/ Fluorspar Deposit, developed by Hazen Research, uses conventional unit processes to produce a high-grade rare earth mineral (monazite) concentrate¹ that is comparable to active global hard-rock REE producers. Specifically, the Ashram flowsheet utilizes a flotation – HCl leach – magnetic separation process approach to achieve high-grade (>40% REO) monazite concentrates¹ at high recovery comparable to active global producers.

In the current work, flotation concentrate produced from the 2015 pilot plant operation was used as feed to the subsequent HCl leach and magnetic separation stages, which were completed at bench scale and resulted in monazite concentrate¹ grades of approximately 40% REO at 82% overall recovery. The monazite concentrate¹ was then mixed (in ~50 g batches) with concentrated sulphuric acid (H₂SO₄) and heated to ~220°C in a stirred pot over a ~3-hour period to convert the contained REEs into soluble rare earth sulphates (i.e., the ‘sulphation crack'), which were then dissolved in a water leach to bring the REEs into solution (i.e., the ‘PLS'). The recent test work resulted in the highest recoveries of REEs achieved to date in the sulphuric acid – water leach stage, at 98% for NdPr, as well as the highest overall recoveries achieved to date from unprocessed rock into the PLS, at approximately 78% NdPr.

All major hard rock REE mines globally produce mineral concentrates of at least 35-40% REO, which are then placed into solution and processed downstream into marketable products. Such high grades of mineral concentrate considerably reduce the downstream processing cost and risk through lower reagent use, fewer deleterious elements entering solution, and a smaller hydromet plant requirement by comparison. With respect to the Ashram Deposit, test work has now demonstrated that >80% of the REEs in the unprocessed deposit material can be effectively concentrated (i.e., recovered) into just 3-4% of the original mass, resulting in a significant upgrade factor of over 21 times the original head grade. In addition, the recent work has now demonstrated that 98% of the NdPr contained in this concentrate can be put into solution for downstream recovery. These results are also a strong improvement on the 90-95% REE recoveries into solution achieved in prior test programs.

Company President, Chris Grove comments, "The ongoing work on the Ashram flowsheet has demonstrated that very high-grade monazite concentrates¹ at high recoveries have been produced, and there is still room for improvement. Moreover, the prior bench-scale work has demonstrated that producing high-grade monazite concentrates¹ at high REE recoveries is repeatable, and now, the current test program has demonstrated that high REE recoveries into solution at the sulphuric acid water-leach stage, are also repeatable. Our metallurgical results to date continue to solidify our belief in Ashram as a potential low-cost leader for mixed REC / NdPr supply to the global market."

In the next steps of the process flowsheet the leach liquor produced from the sulphuric acid water-leach stage will be treated by solvent extraction ("SX") to reject thorium followed by SX to purify and concentrate the REEs. A mixed REC, high in NdPr, will then be precipitated from the SX strip liquor. This test work is currently being completed on the bench scale and in parallel to the scale-up of the sulphuric acid pot digestion stage from 50 g batches to 2.5 kg batches. The test work will continue to scale up until approximately 2.5 kg of on-spec mixed REC is produced.

1. Concentrate refers to the recovered REE minerals into the magnetic fraction of the magnetic separation stage (~70% of the overall REEs) as well as the REEs that have been precipitated and recovered from the HCl leach liquor fraction (~12% of the overall REEs). Collectively, the combined concentrate accounts for >80% overall REE recovery through this stage, which is then fed together into the sulphation crack stage.

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.

Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

For more information, please visit the corporate website at http://www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

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.

Forward Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include, but are not limited to, statements regarding the progress of the Company's metallurgical program and any future methods employed therein, the Company's ability to reduce downstream processing costs and risk, the Company's ability to repeat and produce high-grade monazite concentrates, the Company's ability to become one of the lowest cost rare earth producers globally as well as its potential ability to be a long-term supplier to the met-spar and acid-spar markets. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the methods proposed do not work as well as expected, the leach residue may not be usable, that the Company may experience difficulties producing concentrate or achieving an upgrade to the concentrate; changing costs for mining and processing; increased capital costs; the timing and content of the work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; that testing of the Company's process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
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SAN FRANCISCO, CA / ACCESSWIRE / September 9, 2021 / Hagens Berman urges Piedmont Lithium Inc. (NASDAQ:PLL) investors with significant losses to submit your losses now.

Class Period: Mar. 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: Sept. 21, 2021
Visit:www.hbsslaw.com/investor-fraud/PLL
Contact An Attorney Now:PLL@hbsslaw.com
844-916-0895

Piedmont Lithium Inc. (PLL) Securities Fraud Class Action:

The complaint alleges that Defendants misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina.

Specifically, Defendants failed to disclose that Piedmont: (1) has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."

On July 20, 2021, investors began to learn the truth when Reuters reported that (1) Piedmont had not even applied for the necessary mining permit or zoning variances, (2) five of the seven members of the Gaston County's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected, and (3) the relationship between the company and county officials is increasingly strained.

These events sent the price of Piedmont American Depository Shares sharply lower.

Most recently, on Aug. 6, 2021, Reuters reported the Gaston County Commissioners unanimously approved a 60-day mining moratorium and said the company "cannot be trusted" to protect the health, safety, and welfare of citizens. Reuters also reported an outside adviser to the Commissioners informed them that a mine of this size was never anticipated in the development regulations.

"We're focused on investors' losses and proving Piedmont concealed known building permit and zoning risks posed by the Gaston County mine," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Piedmont Lithium and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Piedmont Lithium should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PLL@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com:
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(Bloomberg) — Argentina’s Mendoza province is in talks with some of the world’s top producers of potash to revive a mine that requires an investment of as much as $5 billion.

Mendoza — better known for its exports of Malbec wine than its vast mineral wealth — took over the Rio Colorado potash project several months ago after years of wrangling with Vale SA. The Brazilian company pulled the plug in 2013 after spending $2.2 billion to build almost half the mine.

Provincial officials have since spoken to several would-be partners to finally put Rio Colorado into production, signing non-disclosure agreements with five of the world’s biggest producers of the crop nutrient, said Emilio Guinazu, director general of province-owned PRC SA, which holds the asset.

Luring investment to Rio Colorado 15 years after Rio Tinto first sought to develop it would be big win — not only for Mendoza, which has struggled to spur new mines because of environmental opposition, but for the whole country, where onerous business rules including capital controls have scared off investors. Guinazu says now is the time because prices of potash are rallying along with other fertilizers as strong demand from farmers collides with a slew of supply disruptions.

“A window of opportunity has begun to open that we don’t want to waste,” he said in an interview Wednesday.

U.S. sanctions against Belarus potash producers are jeopardizing mine expansion there, while pandemic- and hurricane-related shipping disruptions are slowing fertilizer trade. A decision last month by BHP Group to proceed with the $5.7 billion Jansen project in Canada after years of hesitation underscores the market’s buoyant long-term prospects.

Rio Colorado has potential to produce 4.5 million metric tons a year, similar to Jansen, which would require roughly $5 billion. This version of the project needs 500 miles of train track to be built or upgraded to get the potash to an Atlantic port for export to markets like Brazil.

A more likely scenario, Guinazu said, is to attract $1 billion for annual output of 1 million tons, which could be transported by truck, though Mendoza would be prepared to scale down even further just to get the project off the ground. An investment of $200 million would produce enough fertilizer for Argentina and its small neighbor Uruguay, he said.

The province wants to find an investor that would take a majority stake and operate the mine within 18 months. It’s currently looking for an adviser to guide the search.

Because of risks in Argentina, where markets are often intervened, investors need a strong stomach. But they can also be drawn in by specially-designed benefits. For instance, federal and provincial governments are in talks for legislation for oil and gas drillers in the Vaca Muerta shale patch to be able to increase sales abroad and to free some of those export revenues from capital controls. A similar mechanism is under discussion for miners, Guinazu said.

“Without a doubt, some of the benefits in the oil and gas bill are being studied for mining too,” he said.

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Dieppe, New Brunswick–(Newsfile Corp. – September 9, 2021) – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to report the completion of the Induced Polarization ("IP") survey at the Evelyn Gold-Silver Project. The Company is also pleased to announce that utilizing the updated property wide exploration dataset to include the IP survey results, a plan to drill up to 56 holes has been filed for permitting with SEMERNAT (Mexican environmental authority).

IP Survey Results

A total of 82.5-line kilometres ("km") of 3D-IP have been competed in 2 phases at the Evelyn property. Based on the results of the first phase (announced June 24^th, 2021) which covered the eastern half of the property, the Company elected to expand the survey to the west effectively covering approximately 90% of the property area. The results of the survey are presented in the 3 maps attached. The map of chargeability at 100 m vertical depth (Figure 1) indicates two broad areas of higher chargeability underlying the northeast and central-east regions of the property. The northeastern chargeability anomaly is coincident with surface sampling defining El Sahuaro target area and the central-east chargeability anomaly is coincident with surface sampling defining the Cerro Rojo target area and, in particular, the highest chargeability response is spatially associated with the Main Zone within the Cerro Rojo target area. The resistivity at 100 m vertical depth (Figure 2) illustrates a sharp north-northwest trending gradient between a more resistive domain to the northeast and a less resistive domain to the southwest. This feature is evident throughout the model and is interpreted as a moderately westerly dipping fault zone. Within the northeastern domain, a zone of higher resistivity is closely associated with the chargeability anomaly underlying the El Sahuaro target area. The southwestern domain, generally characterized by lower resistivity, includes a well-defined domain of higher resistivity that is coincident with the Main Zone mineralization and the spatially associated chargeability anomaly. Both the chargeability and resistivity maps at 100 m depth indicate north-northwest trends underlying the western part of the property consistent with structural mapping completed on the property. The chargeability map at 200 m depth indicates a very strong anomaly underlying the chargeability anomaly at 100m and the company is tentatively interpretating this result to be due to a stronger chargeability response below the zone of oxidation.

Drill Permit Application

An application requesting permission to drill up to 56 holes at Evelyn was filed with SEMERNAT (Mexican environmental authority) on September 3^rd, 2021. The drill plan is based on interpretation of the Companies exploration dataset collected over the last 18 months which, in addition to the 3D-IP survey, includes an airborne magnetic survey, property wide structural geology mapping, extensive trench and outcrop sampling, and property wide soil sampling and analyses. Approval for the drilling at Evelyn is expected within four to six weeks.

"We are very pleased with the IP survey execution and results and are especially encouraged by the coincidence of gold-in-outcrop, chargeability, and resistivity at our 2 primary target areas: Cerro Rojo and El Sahuaro. We have completed a preliminary drill plan based on data compilation and interpretation to date that includes the IP survey and are continuing to develop our exploration model and drill plan with on-going interpretation and field work." commented Ian McGavney, COO for Colibri.

IP Survey Parameters and Location

The 3D IP survey on the Evelyn Property was completed in 2 phases with Phase 1 covering the eastern half and Phase 2 covering the western half. A total of 82.5-line km were surveyed covering approximately 90% of the Evelyn property area. The survey method was offset pole-dipole with receiver dipole spacing of 50 metres ("m"). Current injection points were extended past the ends of receiver lines to yield desired depth of investigation. Two smaller areas within the survey area were also surveyed with 25 m dipole spacing.

Figure 1 – Evelyn Apparent Chargeability Map at 100m vertical depth

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4269/95984_6aaf40f144fc3a6b_001full.jpg

Figure 2 – Evelyn Resistivity Map at 100m vertical depth

To view an enhanced version of Figure 2, please visit:
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Figure 3 – Evelyn Apparent Chargeability Map at 200m vertical depth

To view an enhanced version of Figure 3, please visit:
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About the Evelyn Property

The Evelyn Gold Project is an Orogenic-type gold target located in the Caborca Gold Belt of northwestern Sonora. The property is located approximately 25 km east of La Herradura, Mexico's largest open pit gold mine, which produced 425,288 ounces of gold in 2020 at an average grade of 0.77 g/t Au and is also approximately 9 km northeast of the Noche Buena mine which produced 87,988 ounces Au at an average grade of 0.52 g/t Au in 2020. The setting and style of mineralization at Evelyn is similar to that reported from La Herradura and Noche Buena. Higher grade mineralization on the Evelyn property consists of quartz veins and veinlets, ranging from 2 – 3 centimeters up to 1.5 m hosted by fault and fracture zones with minor oxidized pyrite, iron oxide, copper bearing oxide and carbonate minerals, and locally minor to trace amounts of galena, chalcopyrite, and sphalerite. Alteration of the host rocks incudes iron bearing carbonate minerals, quartz, sericite, and chlorite. Lower grade mineralization is associated with altered volcanic rocks containing minor amounts of oxidized sulfide. Mineralization is hosted dominantly by Jurassic volcanic rocks consisting of andesite and rhyolite.

Qualified Person

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

ABOUT COLIBRI RESOURCE CORPORATION:

Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration projects of which five currently have exploration programs being executed or planned for 2021. The flagship Evelyn Gold Project is 100% owned and explored by Colibri. The Company has four additional projects, Pilar Gold & Silver Project (optioned to Tocvan Ventures- CSE: TOC), El Mezquite Gold & Silver Project , Jackie Gold & Silver Project, and the Diamante Gold & Silver Project (subject to earn-in agreements by Silver Spruce Resources – TSXV: SSE) are also currently being actively advanced.

For more information about all Company projects please visit: www.colibriresource.com.

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

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.

For further information: Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95984

TSX Venture Exchange: NEV

VANCOUVER, BC, Sept. 9, 2021 /CNW/ – Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has executed a definitive water rights purchase and sale agreement (the "Agreement") with Cypress Development Corp. of Vancouver, BC, Canada (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress") for the sale to Cypress of its water rights ("the Permit") in Clayton Valley, Nevada (the "Transaction"). The Transaction represents a major milestone for Cypress' Clayton Valley Lithium Project, near Silver Peak, Nevada and provides an opportunity for Nevada Sunrise to share in future success gained by Cypress' efforts to develop a new lithium mine in Esmeralda County.

Terms of the Agreement

The purchase price for the Permit is US$3.0 million to be paid in a combination of cash and Cypress' common shares (see Nevada Sunrise news release dated May 10, 2021). The purchase price includes an initial non-refundable cash payment of US$150,000 (paid), and a final payment of US$2.85 million on receipt of all necessary approvals and transfer of the Permit to Cypress (the "Closing Payment"). The Closing Payment comprises US$2.0 million in cash and the issuance of Cypress' common shares to the value of US$850,000 (the "Share Issuance").

The Agreement is subject to terms and conditions customary for a transaction of this nature, including TSX Venture Exchange approval of the Share Issuance. Nevada Sunrise and Cypress are now working towards receiving necessary approvals from the State of Nevada, including the extension of time required for the Permit, the receipt of which is projected to occur during the fourth quarter of 2021.

Net proceeds received by the Company from the Transaction upon closing will be used to retire legal liabilities totaling approximately US$500,000 incurred during the water rights litigation from 2016 to 2019 (see Nevada Sunrise news releases dated May 16, 2016 and September 30, 2019), and payment of the balance owing to the underlying vendor of the water rights of approximately US$800,000 (see Nevada Sunrise news release dated March 21, 2016).

About the Water Rights

Nevada Sunrise, through its Nevada subsidiary company, Intor Resources Corporation ("Intor"), acquired Nevada water Permit 44411 from an underlying vendor in 2016. The Permit allows for the beneficial use of 1,770 acre/feet of water for mining, milling and domestic use per year. This amount represents the largest volume of permitted water available in Clayton Valley, which is a fully-appropriated hydrogeographic basin. With the exception of a single limited use permit, the Nevada Division of Water Resources has maintained that no new water is available within the Clayton Valley basin for appropriation. Nevada Sunrise has successfully defended the validity of the Permit in recent years, including negotiating a 2019 settlement agreement with Albemarle Corporation.

About Nevada Sunrise

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

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover where an extensive exploration program, including drilling and ground geophysics, concluded in late November 2020. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au ¹.

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

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

_{FORWARD LOOKING STATEMENTS}

All statements in this release, other than statements of historical fact, are "forward-looking information" with respect to Nevada Sunrise Gold Corporation ("Nevada Sunrise") within the meaning of applicable Canadian securities laws, including statements that address the potential sale of the Company's water rights, and the potential for future development of a lithium resource and mineral production by Cypress. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Nevada Sunrise to differ materially from those anticipated in such forward-looking information.

Such factors include, among others, risks related to the potential sale of the Company's water rights, reliance on technical information provided by third parties on the Company's water rights or on Cypress' Clayton Valley lithium project, including access to historical information on exploration, current exploration and development activities; changes in Cypress' project parameters as its plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of the Transaction, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Nevada Sunrise does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.

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

SOURCE Nevada Sunrise Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/09/c5799.html

Grange Resources Limited (ASX:GRR) is about to trade ex-dividend in the next 3 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase Grange Resources' shares before the 13th of September in order to receive the dividend, which the company will pay on the 30th of September.

The company's next dividend payment will be AU$0.02 per share. Last year, in total, the company distributed AU$0.04 to shareholders. Based on the last year's worth of payments, Grange Resources stock has a trailing yield of around 7.4% on the current share price of A$0.54. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

View our latest analysis for Grange Resources

Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Grange Resources has a low and conservative payout ratio of just 13% of its income after tax. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. The good news is it paid out just 9.4% of its free cash flow in the last year.

It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.

Click here to see how much of its profit Grange Resources paid out over the last 12 months.

Have Earnings And Dividends Been Growing?

Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's comforting to see Grange Resources's earnings have been skyrocketing, up 42% per annum for the past five years. With earnings per share growing rapidly and the company sensibly reinvesting almost all of its profits within the business, Grange Resources looks like a promising growth company.

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Grange Resources's dividend payments are effectively flat on where they were 10 years ago.

Final Takeaway

Is Grange Resources an attractive dividend stock, or better left on the shelf? Grange Resources has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. It's a promising combination that should mark this company worthy of closer attention.

While it's tempting to invest in Grange Resources for the dividends alone, you should always be mindful of the risks involved. In terms of investment risks, we've identified 2 warning signs with Grange Resources and understanding them should be part of your investment process.

We wouldn't recommend just buying the first dividend stock you see, though. Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend.

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.

(Bloomberg) — BHP Group is joining forces to explore for metals crucial to the energy transition with a startup backed by a group of tycoons including Jeff Bezos and Bill Gates.

The world’s biggest miner has entered an alliance with Silicon Valley-based KoBold Metals Co. to deploy its artificial intelligence technology to look for metals like cobalt, nickel and copper, which are used in electrical vehicle chargers and batteries. The two companies will jointly fund and operate exploration programs — initially in Western Australia — and will each have the right to share in any identified prospects.

KoBold has used data-crunching algorithms to build what’s been described as a Google Maps for the Earth’s crust. The technology can locate resources that may have eluded more traditionally-minded geologists, and helps miners to decide where to acquire land and drill, the company said.

See also: Algorithms Join Cobalt Hunt Backed by Gates, Bezos and Dalio

The tie-up offers an opportunity to access exploration databases built up by BHP over many years, Kurt House, KoBold’s chief executive officer, said in an interview. “In Western Australia, there’s extensive information. A lot of this data is dark data – it hasn’t been used more than once.”

Shareholders of KoBold Metals also include Silicon Valley venture capital firm Andreessen Horowitz, Norwegian oil major Equinor ASA and Breakthrough Energy Ventures, a fund backed by a dozen high-profile investors including Bezos, Gates and Ray Dalio, as well as Michael Bloomberg, founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.

“Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface,” Keenan Jennings, vice president at BHP Metals Exploration, said in a statement. “This alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden.”

KoBold now has about a dozen exploration properties around the world that have resulted from joint ventures and tie-ups like the one with BHP, House said. “BHP engaged us, and we had many detailed discussions about KoBold’s technology,” he said. “Our approach is very different, and as such, various partners are keen to have ringside seats to see it deployed.”

More stories like this are available on bloomberg.com

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These are the agriculture stocks with the best value, fastest growth, and most momentum for Q4 2021.

The partnership's goal is to facilitate a consensus around the conditions for social acceptability of the Lac Knife project for all stakeholders

KINGSTON, ON / ACCESSWIRE / September 8, 2021 / Focus Graphite Inc. (TSXV:FMS) (the "Company" or "Focus Graphite") is pleased to announce its collaboration with consulting firm MU Conseils from Baie Comeau, Québec, as part of the relaunch of its Lac Knife graphite project located on the Southwestern edge of the Labrador Trough, next to the towns of Fermont and Wabush on the Nitassinan of Innu Takuaikan Uashat mak Mani-utenam (ITUM).

The Lac Knife project dovetails well with the Québec Government's mandate and objectives as laid out in its Plan for the Development of Critical and Strategic Minerals(CSM) 2020-2025, specifically as follows: to encourage mining project development and primary and secondary processing of CSM in the province; to contribute to the creation of a Québec industry of rechargeable battery production and their components¹ supporting the electrification of transport; to boost local prosperity in regions such as the Côte-Nord by diversifying the economy into CSM; and to contribute to the success of Québec's transition to greener energy.

The main goal of the partnership between Focus Graphite and MU Conseils is to create a space for dialogue that will enable the Company and the communities in question to jointly define the conditions for social acceptability of the Lac Knife project and to identify the specific means by which they can be achieved. This approach provides the Company with an opportunity to reengage, expand and deepen its ties with the project's stakeholders.

"Focus Graphite's new team is firmly committed to relaunching the Lac Knife project in partnership with local communities. This alliance with MU Conseils is a step forward in this direction," said Marc Roy, President and CEO of Focus Graphite.

MU Conseils' stance is impartial, and favours free expression of the viewpoints and concerns of all involved parties in a constructive way. Carole-Anne Tanguay, principal advisor for MU Conseils, explains, "The support we offer will provide Focus Graphite's team as well as the communities, organisations and the people affected by the Lac Knife project with the tools to synchronize their various interests."

Focus Graphite acquired all the mining rights to the Lac Knife property in 2010. From 2010 to 2014, the Company carried out drilling programs and assessments of the deposit that culminated with the filing of a mining Feasibility Study in August 2014, followed by an environmental and social impact assessment (ESIA), filed in December 2014. In 2021, the Company began the process of updating both studies. The preparation of a new ESIA and the update of the Feasibility Study are underway. Significant input and involvement from the affected communities is required to revise and complete these studies, and it is for this reason that Focus Graphite will rely upon MU Conseils' expertise in the area of strategic consultation.

For more information on Focus Graphite and MU Conseils' progress on the Lac Knife project, visit www.lacknife.com.

QUALIFIED PERSON

The scientific and technical information of the Company and the Lac Knife project, as defined in section 1.1 of Regulation 43-101 ("NI 43-101") and presented in this news release, has been prepared, approved and/or reviewed by Marc-André Bernier, geo. (QC), P.Geo. (ON), M.Sc, technical advisor for Focus Graphite and Qualified Person according to the Regulation.

About MU Conseils

MU Conseils is a business unit of the Manicouagan-Uapishka World Biosphere Reserve (MUWBR). It specializes in the design and facilitation of participatory strategies through innovative collaborative approaches. MU Conseils supports and promotes positive change and the adoption of sustainable practices in organizations and in society.

For more information, visit www.mu-conseils.com.

About Focus Graphite

Focus Graphite Inc. is an advanced exploration company with an objective of producing flake graphite concentrate at its wholly owned Lac Knife and Lac Tétépisca flake graphite projects located in the Côte-Nord administrative region of Québec. In a second stage, to meet Québec stakeholder interests in developing second transformation industries within the province and to add shareholder value, Focus is evaluating the feasibility of producing value added specialty graphite products including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc. For more information about Focus Graphite, please visit www.focusgraphite.com.

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

Forward Looking Information

This news release may contain certain forward-looking information and statements, including without limitation, the closing of the Offerings, statements pertaining to the use of proceeds, and the Company's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Focus Graphite's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Focus Graphite Investor and Media Contacts:
Kimberly Darlington
Communications, Focus Graphite
(514) 771-3398
kdarlington@focusgraphite.com

Scott Anderson
Investor Relations
(858) 229-7063
sanderson@nextcap-ir.com

Focus Graphite Inc.
Judith Mazvihwa-MacLean
CFO
(613) 581-4040
jmazvihwa@focusgraphite.com

¹ Graphite is an essential component of battery anodes in lithium-ion batteries used for the propulsion of electric and hybrid vehicle

SOURCE: Focus Graphite Inc.

View source version on accesswire.com:
https://www.accesswire.com/663166/Focus-Graphite-Announces-Partnership-with-MU-Conseils-for-the-Lac-Knife-Project

TEL AVIV, Israel, September 08, 2021–(BUSINESS WIRE)–REE Automotive LTD (NASDAQ: "REE"), a leader in e-mobility, today announced that Frost & Sullivan has recognized REE as the 2021 Global EV Platform Company of the Year. The award is based on Frost & Sullivan’s analysis of the global automotive market and its evaluation of REE’s excellence in best practices for innovation and customer impact.

Benny Daniel, vice president at Frost & Sullivan, stated: "REE’s corner module technology and EV platforms continue to excel by offering customers the ability to reshape their EV design and system integration, paving the way for the future of e-mobility and modularity in automobiles. As the automobile industry undergoes rapid transformation, Frost & Sullivan applauds REE's leadership aspiration in delivering the most up-to-date modular EV platforms." Frost & Sullivan determined that "REE’s technology will provide significant operational and functional advantages over the traditional EV fleets industry in the future due to its excellent long-term customer benefits."

"It is an honor to be recognized by Frost & Sullivan as Company of the Year in our industry as we strive to make the future of electric mobility more efficient, reliable, and scalable," said Daniel Barel, Co-Founder and CEO at REE. "We believe our REEcorner™ technology can be the cornerstone of next-generation EVs and autonomous vehicles. Thank you to Frost & Sullivan for acknowledging the work that our team puts into innovating for the future."

Frost & Sullivan’s research and analysis indicates that EV demand has grown by 280% over the last 3 years, reaching approximately 2 million units sold globally. This conclusion comes as increasingly more countries are committing to reduce carbon emissions by 2030 and reach carbon neutrality, or zero emissions, by 2050. REEcorner™ technology is designed to enable OEMs to launch multiple models of EVs quickly as critical vehicle components (including steering, braking, suspension, powertrain, and control) are housed in a single compact module positioned between the chassis and the wheel, resulting in a fully flat, modular EV platform. REEcorner™ technology and ultra-modular EV platforms allow logistics and delivery companies, mobility-as-a-service providers, and new mobility players to design mission-specific EVs "Powered by REE" for virtually any target and application.

See REEcorner™ technology in action: https://youtu.be/DtrFdSb3r64

About REE Automotive

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

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

For more information visit: www.ree.auto

Caution About Forward-Looking Statements

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

About Frost & Sullivan

Frost & Sullivan is the Growth Pipeline Company™. We power our clients to a future shaped by growth. Our Growth Pipeline as a Service™ provides the CEO and the CEO's growth team with a continuous and rigorous platform of growth opportunities, ensuring long-term success. To achieve positive outcomes, our team leverages over 60 years of experience, coaching organizations of all types and sizes across 6 continents with our proven best practices. To power your Growth Pipeline future, visit Frost & Sullivan at http://www.frost.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005414/en/

Contacts

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

Media
Keren Shemesh
Chief Marketing Officer | REE Automotive
+972-54-5814333
media@ree.auto

REE (Nasdaq: REE) SPAC sponsor completes open market purchases

NEW YORK, September 08, 2021–(BUSINESS WIRE)–10X Capital today announced that Hans Thomas, CEO, and David Weisburd, COO, each made filings with the SEC reporting the purchase of additional shares in REE Automotive (NASDAQ: REE) common stock totaling approximately $2 million, through open market purchases made in September 2021.

Mr. Thomas reported the purchase of: 161,037 shares at an average price of $5.81 on September 1, 2021; and 60,963 shares at an average price of $5.66 on September 2, 2021; for a total of 222,000 shares.

Mr. Weisburd reported the purchase of 123,908 shares at an average price of $5.97 on September 1, 2021.

The SEC filings are available on EDGAR, and linked below:

Hans Thomas:

https://www.sec.gov/Archives/edgar/data/1828707/000121390021046457/xslF345X03/ownership.xml

David Weisburd:

https://www.sec.gov/Archives/edgar/data/1828663/000121390021046466/xslF345X03/ownership.xml

About 10X CAPITAL

10X Capital is a venture capital and investment firm at the nexus of Wall Street and Silicon Valley, aligning institutional capital with high growth ventures. For more information visit www.10xcapital.com.

10X Capital Venture Acquisition Corp (formerly Nasdaq: VCVC), is 10X Capital’s Special Purpose Acquisition Company, focused on high growth technology companies, and was formed for the purpose of entering into a business combination with one or more businesses. For more information visit www.10xspac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005748/en/

Contacts

Max Staedtler10X CapitalOne World Trade Center, 85th FloorNew York, NY 10007(212) 257-0069max@10xcapital.com

MELBOURNE (Reuters) – BHP Group will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday.

The world's largest miner is building out its portfolio in what it calls "future facing commodities", expecting demand for electric vehicles and green energy to determine the minerals that will drive profits in coming years.

Privately held KoBold uses machine learning and artificial intelligence to hunt for raw materials. Its principal investors include Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft's Bill Gates, Bloomberg founder Michael Bloomberg and Amazon's Jeff Bezos.

Miners have been moving towards machine learning to find underground deposits in recent years, leading to some big discoveries, such as Rio Tinto's copper project Winu.

"Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface," said Keenan Jennings, vice-president of BHP Metals Exploration.

"We need new approaches to find the next generation of essential minerals, and this alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden," he said.

The alliance will cover an area in Western Australia of more than 500,000 sq km (193,000 sq miles), KoBold CEO Kurt House told Reuters.

"Exploration success rates have been declining over the last couple of decades … because the easy things have been found," House said.

The discovery zones over the next 20 years will be at depths of 200 m to 1,500 m, he said.

"That’s the area that is very poorly explored (and) is likely to host a tremendous number of ore bodies."

KoBold has a dozen tie-ups across about 20 locations including Sub-Saharan Africa, North America and Australia, looking for copper, cobalt, nickel and lithium, House said.

Australia has some of the world's best mapping data for prospective minerals, while its solid regulatory environment also make it an attractive destination, House said.

KoBold, however, said it is closely watching development of a bill to protect Aboriginal heritage in Western Australia. Indigenous groups have protested a draft of the bill because it denies them final say-so over protection of their sacred sites, which could become a governance issue for miners and investors.

KoBold is planning to set up an Australian office in the next 12 months and is looking for other exploration partners.

"Inside the area of interest we are exclusive for BHP, but outside we are open for business."

(Reporting by Melanie Burton; Editing by Tom Hogue)

Vancouver, British Columbia–(Newsfile Corp. – September 8, 2021) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQB: MLNLF) ("Millennial" or the "Company") announces that it has received an unsolicited non-binding proposal from a foreign based lithium battery production company ("New Offeror") for the acquisition of all of the issued and outstanding common shares of Millennial (each, a "Share") not already owned by the New Offeror (the "New Offer"). The board of directors of Millennial (the "Board"), after consultation with the Company's financial and legal advisors, and after consideration of a recommendation from the Special Committee of the Board has unanimously determined that the New Offer constitutes a "Superior Proposal" in accordance with the terms of the arrangement agreement between Millennial, Ganfeng Lithium Co., Ltd. (HK: 1772) (OTCQX: GNENF) ("Ganfeng") and 1314992 B.C. Ltd. (a subsidiary of Ganfeng) dated July 16, 2021, as amended (the "Ganfeng Agreement").

Pursuant to the terms of the New Offer, the New Offeror has offered to acquire the Shares from Millennial's shareholders by way of a plan of arrangement at a price of CAD $3.85 per Share (the "Purchase Price"), payable in cash, representing total cash consideration to the Company's shareholders of approximately CAD $377 million. The Purchase Price under the New Offer represents a premium of CAD $0.25 per Share to the consideration offered to Millennial's shareholders pursuant to the Ganfeng Agreement.

The New Offer provides that the New Offeror will, subject to certain conditions, reimburse the Company for the termination fee of US $10 million payable to Ganfeng if the Ganfeng Agreement is terminated, and that the New Offeror will pay the Company a reverse termination fee of US $16 million in certain specified circumstances, which amount will be held in escrow. In addition, the New Offer provides that the New Offeror will agree to loan to the Company the monies required to fund payments to the holders of its warrants, stock options, restricted stock units and performance share units on completion of the arrangement, which payments will be the same as under the Ganfeng Agreement. The outside closing date for the arrangement under the New Offer is December 16, 2021, which will be automatically extended to January 29, 2022 in certain specified circumstances.

Except for the consideration being offered to Millennial's shareholders under the New Offer and for the terms referred to above, the arrangement agreement that would be entered into with the New Offeror is substantially the same as the Ganfeng Agreement.

In accordance with the Ganfeng Agreement, Millennial has notified Ganfeng that it considers the New Offer to be a Superior Proposal under the Ganfeng Agreement and that the ten business day matching period (the "Matching Period") has commenced, during which Ganfeng has the right, but not the obligation, to propose to amend the terms of the Ganfeng Agreement in order for the New Offer to cease to be a Superior Proposal (the "Match Right"). The Matching Period expires at 4:00p.m. (Shanghai Time) on September 27, 2021.

Further details of the New Offer will be provided following the entering into of a definitive agreement by Millennial with the New Offeror in respect of the New Offer if Ganfeng does not exercise its Match Right.

There can be no assurance at this time that the New Offer will lead to a termination of the Ganfeng Agreement or the execution of a definitive agreement with the New Offeror. Accordingly as of this date the Board has not changed its recommendation regarding the arrangement under the Ganfeng Agreement.

About Millennial

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

"Farhad Abasov"
President CEO and Director

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

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the Arrangement, including statements with respect to the entering into a definitive agreement with the New Offeror and the terms thereof, the reimbursement of the termination fee, the loan from the New Offeror to the Company and timing for completion of the Arrangement. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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

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CHICAGO, September 08, 2021–(BUSINESS WIRE)–Coeur Mining, Inc.’s ("Coeur" or the "Company") (NYSE: CDE) President and Chief Executive Officer, Mitchell J. Krebs, will present at Gold Forum Americas in Colorado Springs, Colorado on Monday, September 13, 2021 at 1:50 p.m. Mountain Time.

The Gold Forum Americas is a virtual- and invitation-only investment conference. The webcast and presentation materials will be made available through the Company’s website at www.coeur.com.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005774/en/

Contacts

Coeur Mining, Inc.
104 S. Michigan Avenue, Suite 900
Chicago, Illinois 60603
Attention: Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com

Shares Outstanding: 277,741,117
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, Sept. 8, 2021 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 5 new drill holes from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-060 intersected 82.9m of 265 g/t silver equivalent ("AgEq"), including 8.1m of 1,127 g/t AgEq, which also included 1.4m of 2,587 g/t AgEq. See Table 1 for breakdown of silver and gold values.

"El Favor is providing us with exciting drilling results at both the eastern and western ends. Hole 60 is near the west end of the deposit, and gave us an excellent high grade intercept of over 2 kilos, enveloped in a very wide 83m intercept of 265 g/t AgEq. At the other end, in El Favor East, hole 59 is a strong hole which is 100m to the east of hole 56, previously our most easterly hole in El Favor East," said Brad Langille, President and CEO. "We continue to extend strike length at El Favor with excellent widths and grades, which we anticipate will contribute greatly to the upcoming resource."

Table 1: Drill Hole Intersections

Figure 1: El Favor Drill Hole Locations

Figure 2: El Favor East

The exploration team has been moving east of El Favor with drilling in 25m stepouts in the eastern end of El Favor, beginning with discovery hole 48, and continuing to intersect wide strong mineralization. This area is known as the El Favor East zone and in addition to these drill holes, additional drill holes further to the east are pending assays. The mapping program at El Favor East has extended the presence of mineralization 900m to the east of hole 48 (El Favor East zone discovery hole), as shown in Figure 2.

Three of the four major veins (Salomon, Guitarrillas and Los Chivos) appear to converge into a 100m wide zone at the western end of the El Favor deposit in the vicinity of the Hundido Pit at an elevation of 1300m. The wallrock in between the veins is strongly silicified, altered and mineralized. The merging of these veins continue to provide significant widths of good grade which could be potentially amenable to bulk mining.

The El Orito deposit (as presently defined) is located about 800 metres along strike to the west of the Hundido Pit (see Figure 3). Wide zones of precious and base metal mineralization were cut by drill holes at El Orito at elevations between 600 to 800m. Geological mapping, sampling and Induced Polarization ("IP") surveying programs in the area between El Orito and El Favor are underway.

Figure 3: Favor-Orito Long Section

Table 2: Drill Hole Locations

Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North

VRIFY Slide Deck and 3D Presentation

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

Access the GoGold Company Profile on VRIFY at: https://vrify.com

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/decks/10437 and on the Company's website at: www.gogoldresources.com.

Los Ricos District Exploration Projects

The Company's two exploration projects at its Los Ricos property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019 and an initial resource was announced on July 29, 2020 which indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes. An initial PEA on the project was announced on January 20, 2021 indicating an NPV_5% of US$295M.

The Los Ricos North Project was launched in March 2020 and includes drilling at the El Favor, La Trini, Casados and El Orito targets. During 2020, GoGold's exploration team identified over 100 targets on the Los Ricos North properties, demonstrating the significant exploration potential. The Company plans to drill 10 of these targets as part of its 2021 drilling program which is planned to exceed 100,000 metres of drilling and will be one of the largest in Mexico.

Procedure, Quality Assurance / Quality Control and Data Verification

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold's QA/QC protocols.

Mr. David Duncan, P. Geo. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:

The securities described herein 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, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Los Ricos South and North projects, and future plans and objectives of GoGold, including the intention to undertake further exploration at Los Ricos North, and the prospect of further discoveries there, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

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SOURCE GoGold Resources Inc.

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VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce that it has entered into a share purchase agreement, dated September 7, 2021, with Big Smoky Holdings Corp. (“Big Smoky”) and each of the shareholders of Big Smoky (the “Vendors”), pursuant to which it will acquire all of the outstanding share capital of Big Smoky. Big Smoky controls the Crescent Dunes Project (“Crescent Dunes”), consisting of 3,886 acres of highly prospective exploration land immediately north of, and contiguous with, the Tonopah Lithium Claims (“TLC”) project, consolidating more of the known shallow occurrences of TLC lithium claystone mineralization.

Acquisition Highlights:

• Crescent Dunes comprises a large parcel of highly prospective exploration acreage contiguous with the TLC project;

• Crescent Dunes has similar geology to TLC with historical work including mapping, inclined trenching and outcrop and auger sampling work yielding highly anomalous mineralized claystone with up to 2,361 ppm Li;

• The Company will acquire full title to Crescent Dunes with no royalties or other encumbrances though the acquisition of Big Smoky;

• The Company intends to launch additional field work at Crescent Dunes, including initial drilling, as soon as practicable during Fall 2021; and

• Following the acquisition, total land holdings at TLC will be 11,410 acres.

Simon Clarke, CEO of American Lithium, commented, “the Crescent Dunes acquisition adds further highly prospective exploration acreage to the TLC Project, which will now essentially cover the bulk of known shallow claystone geology in our basin. The occurrence of a sequence of higher-grade lithium-bearing claystones above 2,000 ppm Li at surface is very encouraging, especially because at TLC such grades were only encountered in drilling. We look forward to further exploration and drill testing, on what will become TLC North, to build on the encouraging recent historical results.”

Crescent Dunes Details & Historical Results

Crescent Dunes comprises approximately 3,886 acres of highly prospective exploration land immediately north of the TLC project border. Crescent Dunes has similar claystone geology as TLC, but with outcropping lithium mineralization exposed in an up-thrown block revealing a section through the mineralized Tertiary-age Siebert Formation claystone. The project is largely covered with recent alluvium and the prospective host claystone stratigraphy has been mapped, sampled and traced at surface for approximately 3 km (N-S) and approximately 2 km (E-W), and is interpreted to be present in the shallow subsurface where covered by alluvium on the entire project area.

Historical exploration work completed on behalf of the vendor between 2019-2021 was recently reviewed and summarized by Stantec Consulting Ltd. (“Stantec”) in an unpublished Technical Report entitled: “Technical Report Crescent Dunes Lithium Property, Nye County, Nevada, USA” with an effective date of June 17, 2021.

Exploration work including mapping, inclined trenching and sampling work and auger sampling identified multiple locations of highly anomalous mineralized claystone with up to 2,361 ppm Li. A 390’ (120 m) long inclined trench (Trench A) was mapped, logged and sampled with various upper and lower claystone lithologies present. A total of 56 samples were collected from the weathered trench, representing an inclined cross section through the claystone stratigraphy, with Li contents ranging from 239 ppm Li to 2,361 ppm Li with an average of 800 ppm Li. A second trench (Trench B) with abundant colluvium covered intervals was also mapped and sampled over a length of 490’ (150 m). 14 samples were collected with Li contents ranging from 121 to 2012 ppm Li, averaging 405 ppm Li.

Overall, the highest lithium grades were sampled from the basal portion of the Trench A section that is interpreted to be equivalent to the high-grade lithium mineralized claystone at TLC, but at, or near surface. A total of 84 auger samples along reconnaissance lines at various orientations were also completed across the project. The auger sampling results are range-based with 37 samples exceeding 300 ppm Li; 15 samples >500 ppm Li; and 5 samples >1,000 ppm Li with a maximum of 1482 ppm Li.

Geologically and geochemically, the Crescent Dunes claystone mineralization is very similar to TLC claystone mineralization including similar major and trace element enrichment and visible organic carbon association with elevated Li contents. The local geology is interpreted to represent an extension of TLC geology, potentially with some shallower exposure of the TLC higher grade claystone mineralization.

The Company reminds readers that exploration work completed previously at Crescent Dunes is historical in nature, but is being interpreted as indicative of project prospectivity that warrants further exploration. The Company intends to file appropriate notice permits to facilitate the first exploration drilling on this prospective new ground as soon as practicable with drilling expected to start in later fall 2021, following permitting approvals.

Transaction Details

The Company has entered into a share purchase agreement, dated September 7, 2021, with Big Smoky and the Vendors, pursuant to which the Company proposes to acquire all of the outstanding share capital of Big Smoky. Through its wholly-owned subsidiary, Big Smoky controls the Crescent Dunes Project.

Pursuant to the share purchase agreement, the Company has agreed to issue 2,500,000 common shares to the Vendors. The Company is at arms-length from Big Smoky and each of the Vendors. No commissions or finders’ fees are payable in connection with the acquisition of Big Smoky, and the acquisition remains subject to the approval of the TSX Venture Exchange.

Qualified Person

Mr. Ted O’Connor, P.Geo., a Director of American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical geological information contained in this news release.

About American Lithium

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

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

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

Follow us on Facebook, Twitter and LinkedIn.

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

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

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 press release.

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani, Macusani and Crescent Dune Projects (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on January 19, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on January 29, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and was successful in obtaining such an injunction on 17 of the concessions including three of the four concessions included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15 concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title, rights and validity of those 15 remaining concessions to Macusani, with the result being that all 32 concessions are now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the last stage of the judicial process. A final date for the last stage of the judicial process has not yet been set. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of the Processes, its title to the concessions could be revoked.

(Bloomberg) — Argentina’s Mendoza province is in talks with some of the world’s top producers of potash to revive a mine that requires an investment of as much as $5 billion.

Mendoza — better known for its exports of Malbec wine than its vast mineral wealth — took over the Rio Colorado potash project several months ago after years of wrangling with Vale SA. The Brazilian company pulled the plug in 2013 after spending $2.2 billion to build almost half the mine.

Provincial officials have since spoken to several would-be partners to finally put Rio Colorado into production, signing non-disclosure agreements with five of the world’s biggest producers of the crop nutrient, said Emilio Guinazu, director general of province-owned PRC SA, which holds the asset.

Luring investment to Rio Colorado 15 years after Rio Tinto first sought to develop it would be big win — not only for Mendoza, which has struggled to spur new mines because of environmental opposition, but for the whole country, where onerous business rules including capital controls have scared off investors. Guinazu says now is the time because prices of potash are rallying along with other fertilizers as strong demand from farmers collides with a slew of supply disruptions.

“A window of opportunity has begun to open that we don’t want to waste,” he said in an interview Wednesday.

U.S. sanctions against Belarus potash producers are jeopardizing mine expansion there, while pandemic- and hurricane-related shipping disruptions are slowing fertilizer trade. A decision last month by BHP Group to proceed with the $5.7 billion Jansen project in Canada after years of hesitation underscores the market’s buoyant long-term prospects.

Rio Colorado has potential to produce 4.5 million metric tons a year, similar to Jansen, which would require roughly $5 billion. This version of the project needs 500 miles of train track to be built or upgraded to get the potash to an Atlantic port for export to markets like Brazil.

A more likely scenario, Guinazu said, is to attract $1 billion for annual output of 1 million tons, which could be transported by truck, though Mendoza would be prepared to scale down even further just to get the project off the ground. An investment of $200 million would produce enough fertilizer for Argentina and its small neighbor Uruguay, he said.

The province wants to find an investor that would take a majority stake and operate the mine within 18 months. It’s currently looking for an adviser to guide the search.

Because of risks in Argentina, where markets are often intervened, investors need a strong stomach. But they can also be drawn in by specially-designed benefits. For instance, federal and provincial governments are in talks for legislation for oil and gas drillers in the Vaca Muerta shale patch to be able to increase sales abroad and to free some of those export revenues from capital controls. A similar mechanism is under discussion for miners, Guinazu said.

“Without a doubt, some of the benefits in the oil and gas bill are being studied for mining too,” he said.

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Freeport-McMoRan has been trading lower since early May. Prices have been testing the rising 200-day moving average line since July. Trading volume increased from October to June telling us that investor interest was increasing. The trading volume has declined since the middle of June.

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports continued expansion of high grade mineralization at the newly discovered East Ridge zone at the Red Chris mine.

East Ridge drill hole RC705 returned 254 metres of 1.0g/t gold and 1.1% copper from a depth of 718 metres, including 80 metres of 1.6g/t gold and 1.4% copper. This hole is located 100 metres above RC678 (previously reported) and confirms continuity over 300 metres vertically. The East Ridge zone mineralization is open to the east and at depth.

Drilling at East Ridge, which is located adjacent to the East Zone, is ongoing with 14 holes completed and six in progress. The follow up drilling is being completed on a nominal 100 metre by 100 metre grid to determine the dimensions and continuity of this important new zone of higher grade mineralization.

A step out exploration hole RC701, which was drilled 700 metres east of East Ridge, returned 206 metres grading 0.2g/t gold and 0.49% copper from 1,816 metres. The intercept is one of the deepest on the property and has extended the mineralized porphyry corridor beyond the limit of the East Ridge drilling. Exploration drilling will continue to evaluate this corridor to the east toward RC701.

Brian Kynoch, President of Imperial Metals, said, “The East Ridge drilling continues to yield excellent results. This near mine exploration continues to result in long intervals of copper-gold mineralization along with shorter higher grade intervals. Drillhole RC701, drilled 700 metres to the east of the East Ridge, returned a long interval of copper gold mineralization at depth and has confirmed that the Red Chris copper-gold mineralization continues further east.”

Red Chris – Significant results:

At the GJ Project, an initial program of two holes for 2,500 metres to test the depth potential of the Donnelly Zone which is part of a 10 kilometre porphyry corridor (Groat Stock) has been rescheduled from this month to next summer.

Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2021 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.

Cross section and plan view maps and the Drillhole data table for all drill results since the last Red Chris Exploration Update are available on imperialmetals.com.

—

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia.

Company Contacts

Brian Kynoch | President | 604.669.8959
Jim Miller-Tait | Vice President Exploration | 604.488.2676

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to the current and planned drilling programs at Red Chris, including plans to define the extent and continuity of the mineralization in the East Ridge zone and statements regarding the potential copper-gold mineralization of the Red Chris mine site.

In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which 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.

In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. 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 and all forward-looking statements in this news release are qualified by these cautionary statements. Such information is given only as of the date of this news release. The Company does not assume any obligation to update its forward-looking information to reflect new information, subsequent events or otherwise, except as required by law.

DALLAS, TX / ACCESSWIRE / September 8, 2021 / Starcore International Mines Ltd. (TSX:SAM): The full report can be accessed by clicking on the following link: http://stonegateinc.com/SAM.TO Initiation.pdf.

COMPANY DESCRIPTION

Starcore International Mines is engaged in precious metals production and exploration with a focus and experience in Mexico. The Company's principal property, the San Martin Mine, is located in Queretaro, Mexico, where it engages in extracting and processing gold and silver. The San Martin Mine is the company's primary source of cash flows. This base of producing assets is complemented by exploration and development projects throughout North America, including the El Creston project, the Teocuitla Claims, and the Ajax Project. The El Creston Project is located in Sonora, Mexico and hosts a porphyry-style molybdenum copper mineralization, The Teocuitla Claims are located in Sonora, Mexico, northwest part of the El Creston property and hosts similar mineralization, and the Ajax Project is an undeveloped molybdenum deposit in the advanced stage of exploration located in British Columbia, Canada. Starcore International Mines Ltd. was founded in 1980. The company was incorporated in 1980. The company was formerly known as Starcore International Ventures Ltd. and changed its name to Starcore International Mines Ltd. in 2008.

SUMMARY

• Ongoing gold production – Starcore's flagship property, the San Martin Mine, produces silver and gold and generates cash flow, mining ~650 tonnes per day. It is estimated that the property contains a total of 267,306 Oz of AuEq with a current mine life of 10+ years.

• Low risk exploration exposure – In addition to the principal producing property, Starcore also possesses 100% ownership interest in two additional properties: El Creston, a large molybdenum project located in Mexico, and the Ajax Molybdenum Project, a 1,718-hectare property hosting a porphyry molybdenum deposit.

• Operational transformation – Starcore has been focused on streamlining its operations through strategic asset sales, increased workforce efficiency, and decreases in management salaries. As a result, the company has seen overall mine costs reduced from $74/t in FY19 to $60/t in FY20.

• Simplified capital structure – The Company has no long-term debt, and currently has $4.4M in cash. Additionally, ~20% of shares are held by management and/or a strategic shareholder.

• Responsible mining practices – The Company engages in socially responsible business practices and seeks to create initiatives that will encourage community development and pride. These initiatives are designed to sustain environmental sensitivity, inspire everyone to be mindful of the economic, environmental, and social issues that will impact the community's future.

• Experienced management team – Collectively, Starcore's management brings over 100 years of experience to the business of mineral exploration and development and offers a unique combination of technical, geographic, and capital markets experience.

• Valuation – We are using a DCF on our mine model for the San Martin mine. Using a 10% discount rate and incorporating a sensitivity analysis to gold prices we arrive at a valuation range of CAD$0.35 to CAD$0.50 with a mid-point at CAD $0.40. We note that we have not applied any value to additional non-producing assets, El Creston Project, Ajax Project, or its recently acquired Teocuitla claims, all of which would represent upside. See page 7 for further details.

About Stonegate Capital Partners

Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.

CONTACT:

Stonegate Capital Partners
info@stonegateinc.com
(214) 987-4121

SOURCE: Stonegate Capital Partners

View source version on accesswire.com:
https://www.accesswire.com/663160/Stonegate-Capital-Partners-Initiates-Coverage-on-Starcore-International-Mines-Ltd-TSXSAM

VANCOUVER, BC, Sept. 8, 2021 /CNW/ – (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that the Board of Directors has formally approved the Karowe underground expansion project (the "UGP"), following the Financial Close and satisfaction of all Conditions Precedent pursuant to the previously announced senior secured project financing debt package of US$220 million (the "Facilities") signed July 12, 2021 (link to news release). The Facilities include two tranches: A project finance facility of US$170 million to fund the development of the underground project, and a US$50 million working capital facility to re-finance the Company's existing debt and to support on-going operations. A utilization notice from the US$170 million project loan facility has been accepted and first funding for the Karowe underground expansion is expected to be received in mid-September. Capital costs for the UGP totaling US$534 million, will be met with funds from a combination of the Facilities, the projected cash flows from the Karowe open pit mine during the underground construction period, and the equity financings totaling C$41.4 million closed July 15 (link to news release), resulting in the UGP being fully financed. A full update on the UGP was released August 10 and can be found here. View PDF version.

Zara Boldt, CFO & Corporate Secretary commented: "We are delighted to have completed this significant milestone following the signing of loan documentation in mid-July. We would like to thank our Lenders and advisors for their efforts towards achieving Financial Close of the Facilities."

Construction efforts have ramped up since the Facilities documentation was executed in mid-July. Ventilation shaft pre-sinking has commenced with the completion of the first set of cover holes, and a total of 4 blasts occurring to date with continued drilling, mucking, and installation of ground support on a 24 hour basis. The ventilation shaft depth below the shaft collar is currently at approximately 17 meters. Mobilization to site of the remaining pre-sinking equipment and contractors is underway. Civil work on the remaining ventilation and production shaft infrastructure is progressing well, with mobilization of temporary generators and civils works associated with the generator pad completed.

Eira Thomas
President and Chief Executive Officer

Follow Lucara Diamond on Facebook, Twitter, Instagram, and LinkedIn

ABOUT LUCARA

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above at 2:00pm Pacific Time on September 8, 2021.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

Certain of the statements made and contained herein and elsewhere constitute forward-looking statements as defined in applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved and include, without limitation, projected revenues from production at the Karowe mine, diamond pricing assumptions and diamond market trends, the ultimate use of proceeds from the Facilities; the estimated capital cost and the duration of the construction period; the timing of any drawdowns under the Facilities; and, that the combination of funds from the Facilities, projected cash flows from open pit operations and funds from the equity financing in July will be sufficient to fully fund the UGP.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. These assumptions, opinions and estimates are subject to a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate and such forward-looking information included herein should not be unduly relied upon. There can be no assurance that such forward looking statements will prove to be accurate, as the Company's results and future events could differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or referred to under the heading "Risks and Uncertainties" in the Company's most recent Annual Information Form and under the heading "Risk Factors" in the Prospectus, a preliminary version of which is available at http://www.sedar.com, as well as changes in general business and economic conditions, changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, costs of power and diesel, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), and unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health safety and environmental matters).

Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, and the Company does not assume any obligations to update or revise them to reflect new events or circumstances, except as required by law.

SOURCE Lucara Diamond Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/08/c4654.html

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

MONTREAL, Sept. 08, 2021 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX-V: SOI) announces its intent to undertake a non-brokered private placement with investors relying on a prospectus exemption pursuant to Regulation 45-106 respecting Prospectus Exemptions (the «Placement»). The Placement consists of a maximum of 15,000,000 Units for an amount of $1,500,000. This private placement has been conditionally approved by the TSX Venture Exchange. Each Unit price is $0.10 and consists of one common share and one warrant. Each warrant will entitle its holder thereof to subscribe for one common share at $0.15 per share for a period of 18 months after the closing date of the private placement.

The proceeds of the Placement will be mainly used by Sirios to advance its Cheechoo gold project, as well as for general purposes.

Sirios can pay up to 6 % of the total amount as finder’s fee. Directors, officers and employees may participate in this placement.

There will be a hold period of four months and one day on all securities issued under this financing. This private placement is subject to regulatory approval and filings.

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

About Sirios Resources Inc.
Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Québec, Canada. Sirios Resources Inc. focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.

Visit our website at www.sirios.com or contact:
Dominique Doucet, President, Eng.
514-918-2867
ddoucet@sirios.com

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

Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the closing of any additional tranches to the private placement, the final approval of the TSX Venture Exchange in connection with the Offering, the development of the Cheechoo project and, generally, the above “About Sirios Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavors to develop the Cheechoo, Aquilon and Maskwa projects and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay and members of Teck’s senior management team will be presenting on Tuesday, September 21, 2021 from 1:00 p.m. to 4:00 p.m. Eastern / 10:00 a.m. to 1:00 p.m. Pacific time at Teck’s virtual Investor and Analyst Day.

The live webcast will be available on Teck's website at www.teck.com.

Participants will be able to ask questions through the conference call facilities, and materials to accompany the event will be available online. The conference call dial-in is 416.340.2217 or toll free 800.806.5484, quote 7240967 if requested. Media are invited to attend on a listen-only basis.

The recording of the live webcast will be available from 3:00 p.m. Pacific time, September 21, 2021 on Teck’s website at www.teck.com.

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.

Investor Contact:
Ellen Lai
Coordinator, Investor Relations
604.699.4257
ellen.lai@teck.com

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

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BEDFORD, NS / ACCESSWIRE / September 8, 2021 / Silver Spruce Resources Inc. (TSXV:SSE)(FRA:S6Q1) (the "Company") announced today that it has increased its private placement up to $1,500,000. The private placement will now consist of the issuance of up to 30,000,000 units at a price of $0.05 per unit with each unit consisting of one common share and awarrant to purchase an additional common share at an exercise price of $0.075 per share for a period of three years from the closing of the private placement.

The proceeds from the private placement will be used for exploration of the Company's mineral projects and general working capital.

The private placement is subject to the approval of the TSX Venture Exchange. Finder's fees will be paid on the private placement in accordance with the policies of the TSX Venture Exchange.

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

Contact:
Silver Spruce Resources Inc.
Michael Kinley, CEO
(902) 402-0388
mkinley@silverspruceresources.com
info@silverspruceresources.com
www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

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

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/663275/Silver-Spruce-Increases-Private-Placement-to-up-to-1500000

WHITE SULPHUR SPRINGS, Mont., Sept. 08, 2021 (GLOBE NEWSWIRE) — Sandfire Resources America Inc. ("Sandfire America" or the "Company") announces that it has entered into a bridge loan agreement (the "Agreement") with Sandfire BC Holdings (Australia) Pty Ltd. ("Sandfire BC"), the Company's largest shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company ("Tintina Montana").

Pursuant to the Agreement, among other things, Sandfire BC will lend an aggregate of up to US$12.0 million to Tintina Montana (the "Loan") through one or more advances. The Loan shall bear interest at the rate of five percent (5%) per annum, payable in monthly installments, and the Loan will have a latest maturity date of June 30, 2022, subject to the terms of the Agreement.

In connection with the Loan, the Company will act as guarantor to Sandfire BC. Tintina Montana will issue a promissory note to Sandfire BC in respect of each advance under the Loan on the date of the applicable advance.

The Company intends to use the proceeds of the Loan to complete the proposed work program on the Company’s Black Butte Copper Project and working capital purposes. The Company intends to service and repay the Loan by completing either debt or equity financings.

No securities of the Company are issuable under the Agreement. The Agreement and any subsequent financing is subject to approval of the TSX Venture Exchange.

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute "forward looking information" within the meaning of Canadian securities legislation, including statements regarding the Agreement, the Company's financing options and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, and that the Company will be able to secure additional funding to execute its plans,. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including delays in obtaining or inability to obtain required government or other regulatory approvals or financing. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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

TORONTO, September 08, 2021–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, provides an update to its Mineral Reserve and Resource statement as at June 30, 2021.

On a consolidated and attributable basis, estimated contained metal in the proven and probable mineral reserve ("P&P") categories totalled 32.5 million ounces of silver, 139.9 million pounds of zinc, 114.3 million pounds of lead and 30.2 million pounds of copper. Estimated contained metal in the measured and indicated mineral resource ("M&I") categories totalled 72.2 million ounces of silver, 584 thousand ounces of gold, 804.5 million pounds of zinc, 725.4 million pounds of lead and 34.4 million pounds of copper. Please refer to the Company’s website for a breakdown of the Mineral Reserve and Mineral Resource statement by asset.

2021 Mineral Reserve and Mineral Resource Update Highlights – Galena Complex

• Since the June 2020 Mineral Reserve and Resource statement, exploration drilling was solely focused at the Galena Complex (60% USA/40% Eric Sprott).

• Drilling to date at the Galena Complex includes completion of the Phase 1 drill program based on the Galena Complex Recapitalization Plan ("Recapitalization Plan") that started in November 2019 and was completed on June 30, 2021. Overall, the Phase 1 drilling program exceeded expectations by over 80% of target for silver and silver equivalent ounces. The Company has now begun the Phase 2 drill program with the goal of matching the success of the Phase 1 drilling as well as the conversion of mineral resources to mineral reserves, with several targets identified both at depth and close to infrastructure over the next 18 months.

• Year over year, P&P silver reserves at the Galena Complex on a 100% basis increased from 12.0 million silver ounces to 16.6 million silver ounces, a 38% increase from previous reported estimates.

• M&I silver resources at the Galena Complex on a 100% basis increased from 37.3 million silver ounces to 64.2 million silver ounces, a 72% increase year over year.

• Inferred silver resources at the Galena Complex on a 100% basis increased from 78.6 million silver ounces to 106.5 million silver ounces, a 36% increase year over year.

"The increase in silver resources at the Galena Complex surpassed the Company’s target of adding 50 million ounces year over year and for all of the Phase 1 drilling program by over 80%, continuing to demonstrate the significant potential of the operation," stated Americas President and CEO Darren Blasutti. "The focus of these additions will be for the operation to double current silver equivalent production at the Galena Complex exiting 2022 coupled with the start of the Phase 2 drilling program which is expected to continue to add more silver ounces at depth and close to infrastructure while also converting silver resources to silver reserves."

Mineral Reserve and Mineral Resource Statement – June 30, 2021¹

Proven and Probable Mineral Reserves – 100% basis for all assets except the Galena Complex at 60%

At the Galena Complex, the Company successfully replaced mined tonnes and added silver ounces to the mineral reserve through the addition of silver-copper veins into the mineral reserve. The Company added approximately 4.6 million ounces (100% basis) which represents a 38% increase year over year. In addition to adding to the silver mineral reserve, the Company added approximately 3.0 million pounds of copper (100% basis) from the successful drilling of high-grade silver-copper rich vein systems. As a result, the silver mineral reserve grade increased from 339 g/t to 475 g/t, a 40% increase year over year.

Due to the illegal blockade at the Cosalá Operations, the Company was not able to conduct any exploration activities on the property and the mineral reserve for the Cosalá Operations remained relatively unchanged year over year. The Company continues to anticipate the near-term restart of mining activities at the Cosalá Operations following the signing of an agreement to reopen the operations with Mexican ministers in July 2021 and will be updating investors in the near term. Once the operation restarts, the Company expects to generate meaningful cash flow from the operation given the prevailing strong silver, zinc and lead prices.

As a result of the temporary suspension of mining operations at Relief Canyon, the Company has reclassified all proven and probable mineral reserves into measured and indicated mineral resources as the Company continues its metallurgical testing at the property. Other than mining depletion, there were no changes in contained gold and silver ounces in the total mineral resource at Relief Canyon.

Measured & Indicated Mineral Resources – 100% basis for all assets except the Galena Complex at 60%

At the Galena Complex, the Company completed Phase 1 drilling as part of the Recapitalization Plan. The M&I silver resource (100% basis) increased from 37.3 million silver ounces to 64.2 million silver ounces, a 72% increase compared to last year. M&I lead resource (100% basis) increased by 127% year over year to 600 million pounds while M&I copper resource (100% basis) increased by 42% year over year to 18.5 million pounds. The exploration drilling successfully expanded known vein systems in addition to identifying new vein systems.

The Phase 2 drill program has commenced with several targets identified with the goal of continuing to grow the silver mineral resource of existing vein systems and to discover potential new orebodies both at depth and near surface. Drilling will continue to focus on the three south-east plunging veins including the 72 Vein, the Silver Vein and the down-dip extension of the 360 Complex. Drilling has started from a drill station further east on the 5500-Level to continue to test the extension of the Silver Vein following the success of the initial 21-hole drill program. The first drill hole from this station has commenced and is targeting the Silver Vein approximately 500 feet below the drill station. Subsequent drill stations are planned further east on the 5500-Level to continue to target the Silver Vein and 360 Complex. The initial drilling success of the 360 Complex during Phase 1 is believed to be the top of the system with the potential to extend at depth. Phase 2 drilling will include continued exploration in gap areas within this south-east plunging trend to determine continuity and potential sources of these high-grade mineralized vein systems.

The goal of Phase 2 drilling is to match the success of the Phase 1 drilling as well as add significant mine life through the conversion of mineral resources to mineral reserves.

Inferred Mineral Resources – 100% basis for all assets except the Galena Complex at 60%

The inferred silver resource benefitted from the continued drilling at the Galena Complex pursuant to the Recapitalization Plan. Inferred silver resource (100% basis) at the Galena Complex increased from 78.6 million silver ounces to 106.5 million silver ounces, representing a 36% increase from the previously reported estimate while the grade remained relatively unchanged. Inferred lead resource (100% basis) at the Galena Complex increased by 27% to 1,010 million pounds from the previously reported estimate. With the successful drilling of silver-copper ore at Galena, the Company was able to increase inferred copper resource (100% basis) by 47% to 24.2 million pounds from the previously reported estimate. With the remaining drilling considered under the Recapitalization Plan, the Company is confident that inferred mineral resources will continue to increase, offset by any upgrades in mineral resource classification in next year’s Mineral Resource estimate.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

Qualified Persons

All Mineral Resource estimates were prepared internally by, or under the supervision of, Niel de Bruin, P.Geo., the Company’s Director of Geology and a "qualified person" for the purpose of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). All Mineral Reserve estimates and all other technical or scientific information in this news release has been prepared internally by, or under the supervision of, Shawn Wilson, P.Eng., the Company’s VP Technical Services and a "qualified person" for the purpose of NI 43-101. These estimates reflect the Company's 60% interest in the Galena Complex. See "Notes for Mineral Reserve and Mineral Resource Estimates" below regarding matters relating to review and verification of sampling, analytical and test data underlying the information contained in the written disclosure.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated production rates and results for gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures, the recapitalization plan at the Galena Complex, including the expected production levels and potential additional mineral resources thereat; the resumption of mining and processing operations at the Cosalá Operations following the resolution of the illegal blockade, including expected production levels; the expected capital costs required in connection with the resumption of mining and processing operations at the Cosalá Operations; the expectations regarding the level of support from the Mexican government with respect to the long‐term stability of Cosalá Operations, and its ability to maintain such support in the near‐and long‐term; the Company’s production, development plans and performance expectations at the Relief Canyon Mine and its ability to finance, develop and operate Relief Canyon, including the expected improvement of operations in connection therewith, the timing and conclusions of the data compilation and analysis occurring at Relief Canyon, the length of time of the temporary pause in mining operations at Relief Canyon and expected timing for the re‐start of the Relief Canyon operations after such pause . Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential’, "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to develop, complete construction, bring to production and operate the Relief Canyon Project; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward‐looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

Cautionary Note to U.S. Investors:

The terms "mineral resource", "measured mineral resource", "indicated mineral resource", "inferred mineral resource" used in the press release are Canadian mining terms used in accordance with NI 43-101 under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

While the terms "mineral resource", "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the Securities & Exchange Commission ("SEC"). As such, information contained in the Company's disclosure concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to "inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty 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. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves.

¹ Notes for Mineral Reserve and Mineral Resource Estimates:

CIM (2014) Definition and Standards were followed for Mineral Reserve and Mineral Resource Estimates. Mineral Reserves are estimated at a net smelter return ("NSR") cut-off value of US$50/tonne at San Rafael, US$45/tonne at El Cajón, US$45/tonne at Zone 120 and US$198/tonne at Galena. The NSR cut-off is calculated using recent operating results for recoveries, off-site concentrate costs, and on-site operating costs. Mineral Reserves are estimated using metal prices of US$18.00 (US$17.00 in 2020) per ounce of silver, US$2.75 (US$2.50 in 2020) per pound of copper, US$0.90 (US$0.90 in 2020) per pound of lead and US$1.10 (US$0.90 in 2020) per pound of zinc. Numbers may not add or multiply accurately due to rounding.

Mineral Resources are estimated at a NSR cut-off value of US$34/tonne at San Rafael, US$45/tonne at El Cajón, US$45/tonne at Zone 120 and US$198/tonne at Galena. Mineral Resources are estimated at a 90g/tonne silver equivalent cut-off grade at Nuestra Señora. Mineral Resources are estimated at a 2.3% zinc equivalent cut-off grade at San Felipe. Mineral Resources are estimated at a 0.17g/tonne gold cut-off grade at Relief Canyon and are constrained by a $1,500 gold pseudoflow pit shell. Inferred Mineral Resources at Relief Canyon include existing low-grade stockpiles. Mineral Resources are estimated using metal prices of US$1,500 (US$1,500 in 2020) per ounce of gold, US$22.00 (US$20.00 in 2020) per ounce of silver, $3.50 (US$3.00 in 2020) per pound of copper, US$1.05 (US$1.05 in 2020) per pound of lead and US$1.25 (US$1.05 in 2020) per pound of zinc. Mineral Resources are reported exclusive of Mineral Reserves and as such the Mineral Resources do not have demonstrated economic viability. Numbers may not add or multiply accurately due to rounding.

Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is therefore no certainty that the conclusions of the initial exploration drilling results will be realized. Additionally, where the Company discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

Varying cut‐off grades have been used depending on the mine, methods of extraction and type of ore contained in the reserves. Mineral Resource metal grades and material densities have been estimated using industry‐standard methods appropriate for each mineral project with support of various commercially available mining software packages. The Company’s normal data verification procedures have been employed in connection with the calculations. Verification procedures include industry standard quality control practices. Sampling, analytical and test data underlying the stated mineral resources and reserves have been verified by employees of the Company under the supervision of Qualified Persons, for purposes of 43‐101 and/or independent Qualified Persons. The Company is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant issues that would materially affect the Mineral Reserve and Mineral Resource Estimates. Additional details regarding Mineral Reserve and Mineral Resource estimation, classification, reporting parameters, key assumptions and associated risks for each of the Company’s mineral properties are provided in the respective NI 43‐101 Technical Reports which are available at www.sedar.com and the Company’s website at www.americas-gold.com. Additional notes regarding the current Mineral Reserve and Mineral Resource Statement are available on the Company’s website at https://americas-gold.com/operations/reserves-and-resources/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005398/en/

Contacts

For more information:
Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416-874-1708

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416-848-9503

Silver price threshold lowered to $20 and silver-linked dividend increased 33% at $25

COEUR D’ALENE, Idaho, September 08, 2021–(BUSINESS WIRE)–Hecla Mining Company ("Hecla")(NYSE:HL) is pleased to announce that its Board of Directors is adding one cent for the silver-linked dividend starting at a new, lower quarterly average realized silver price of $20. The policy increases the quarterly dividend by 33% at $25 realized silver price threshold.

"Our further enhanced dividend policy reflects Hecla’s strong free cash flow generation from the United States’ largest and lowest cost silver mines that produce more than 40% of all the silver mined in the United States," said Hecla’s President and Chief Executive Officer, Phillips S. Baker, Jr. "Hecla has consistently paid dividends since 2010 and has enhanced the policy three times in the last 12 months. Hecla’s dividend policy has the industry’s only silver-linked dividend providing sustainable returns to our shareholders and demonstrates our operational and financial discipline. And with the new policy shareholders receive a silver-linked dividend at a lower silver price and get a third more dividends at $25 silver."

The table below provides an overview of the enhanced silver-linked dividend with a lower silver-linked price threshold.

Visit Hecla’s website at www.hecla-mining.com which includes more in-depth information about the company, our people, our properties, interesting historical and silver facts, social responsibility initiatives and accomplishments, and a detailed investor section.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.

Cautionary Statements

Statements made which are not historical facts, such as strategies, plans, anticipated payments, litigation outcome (including settlement negotiations), production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may", "will", "should", "expects", "intends", "projects", "believes", "estimates", "targets", "anticipates" and similar expressions are used to identify these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected, or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, environmental and litigation risks, operating risks, project development risks, political risks, labor issues, ability to raise financing and exploration risks and results. Refer to the company's Form 10-K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.

Category: Press Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005409/en/

Contacts

Jeanne DuPont
Senior Communications Coordinator
800-HECLA91 (800-432-5291)
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com

VANCOUVER, BC / ACCESSWIRE / September 8, 2021 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven" or the "Company") announces a non-brokered private placement (the "Offering") to raise gross proceeds of up to $1,650,000. The private placement will consist of the sale of up to 15,000,000 common shares at a price of $0.11 per share. The proceeds from the Offering will be used for working capital purposes.

No finders' fees or brokers' commissions are expected to be paid in respect of the Offering.

The Offering is scheduled to close on or about September 30, 2021 and is subject to certain conditions including, but not limited to, the receipt of TSX Venture Exchange acceptance. All securities issued pursuant to the Offering will be subject to a hold period in Canada of four months plus one day from closing.

About Rockhaven

Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, "Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada" which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com).

Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd. –
T:604-687-2522
mturner@rockhavenresources.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.

Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Rockhaven cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the control of Rockhaven. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, the ability of Rockhaven to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in Rockhaven's financial statements available under the Rockhaven profile at www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Rockhaven undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: Rockhaven Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/663226/Rockhaven-Resources-Ltd-Announces-Private-Placement-of-up-to-1650000