Vancouver, British Columbia–(Newsfile Corp. – September 2, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report initial assay results for "SP", a new target located midway along the CESAR North 80-kilometre-long belt, in line with the four previous discoveries the URU, CONEJO, AMN and AMS zones, within the wholly-owned CESAR project in North Eastern Colombia (refer to Figures 1 and 2).

Table 1. Rock sample results of 1.0% copper and above.

Presently, the SP target spans over 1.6-kilometres and is open in all directions. The reconnaissance composite grab sampling over 25-metres averaging 4.8% copper and 51 g/t silver is considered very significant, as is indicates the presence of a higher copper and silver grades within each 25-metre interval. This first pass sampling program is to be followed up with trenching and detailed chip channel sampling.

"In 2021 alone, Max's in-country team have now identified three new copper-silver discoveries spanning along the CESAR North 80-kilometre-long belt, showing the importance of identifying the extent of the copper-silver rich mineralization," commented Max CEO, Brett Matich.

"In addition to these new results, Max looks forward to reporting continued results from the CONEJO and URU zones located along the CESAR North 80-kilometre-long copper-silver belt," he continued.

"World demand for copper continues to increase because it is the key metal for the green revolution's move to electric vehicles, solar, wind and clean power grid infrastructure. Combined with copper's declining reserve base, new discoveries of copper are essential to replace depleting reserves. The potential district-size of the CESAR discoveries positions Max to take advantage of the copper shortfalls," he concluded.

Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar basin to be analogous to both the Central African Copper Belt (CACB) to the south and the Polish Kupferschiefer to the north. Almost 50% of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa-Kakula copper deposits in the Congo.

Kupferschiefer, the world's largest silver producer and Europe's largest copper source, is a mining orebody of 0.5 to 5.5-metres thick at depths of 500-metres, grading 1.49% copper and 48.6 g/t silver. The silver yield is almost twice the production of the world's second largest silver mine.

Source: Central African Belt Descriptive models, grade-tonnage relations, and databases for the assessment of sediment-hosted copper deposits with emphasis on deposits in the Central Africa Copperbelt, Democratic Republic of the Congo and Zambia by USGS 2010. Kamoa-Kakula by OreWin March 2020. World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper mineralization of the Central African Copper Belt and the Polish Kupferschiefer are not necessarily indicative of similar mineralization at CESAR.

Figure 1. SP copper-silver rich mineralization (876502)

To view an enhanced version of Figure 1, please visit:
https://www.maxresource.com/images/gallery/MXR_News_35.jpg

Figure 2. SP mineralized rock samples (876130 and 876233)

To view an enhanced version of Figure 2, please visit:
https://www.maxresource.com/images/gallery/MXR_News_36.jpg

QUALITY ASSURANCE

All CESAR rock chip samples are shipped to ALS Lab's sample preparation facility in Medellin, Columbia. Sample pulps are then sent to Lima, Peru, for analysis. All samples are analyzed using ALS procedure ME-MS41, a four-acid digestion with inductively coupled plasma finished. Over-limit copper and silver are determined by ALS procedure OG-62, a four-acid digestion with an atomic absorption spectroscopy finish. ALS Labs is independent from Max.

Max uses standard chip and channel sampling where possible, but also relies on composite grab sampling. Max considers composite grab samples to be representative but cautions investors that individual grab samples can be selective and may not be representative of continuous mineralization at CESAR.

QUALIFIED PERSON

The Company's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person under the definition of National Instrument 43:101.

CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW

CESAR lies along the copper-silver rich 200-kilometre-long Cesar Basin in northeastern Colombia. This region enjoys major infrastructure resulting from oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, now held by global miner Glencore (refer to Figure 3).

Figure 3. CESAR Project location.

To view an enhanced version of Figure 3, please visit:
https://www.maxresource.com/images/gallery/MXR_News_37.jpg

Due to the district-scale and copper-silver prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:

Advanced Drill Core Analysis and Modelling: ongoing interpretation of seismic sections and analysis of historical drill holes are all being integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia ("IGUN") in Medellín (January 7, 2021 NR).

Geochemical and Mineralogical: research programs by the University of Science and Technology ("AGH") of Krakow, Poland. AGH bring their extensive knowledge of KGHM's world renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project.

Geophysical: Fathom Geophysics is interpreting seismic data, funded by the Company in collaboration with one of the world's leading copper producers.

Proprietary Field Exploration & Techniques: Max's in-country exploration teams continue to target new copper-silver stratabound mineralized zones.

• CESAR North 80-kilomtre-long-copper-silver zone:

  • In 2020, Max discovered both the copper-silver rich AMS (previously named AM South) zone and the AMN (previously named AM North) zone 40-km north, collectively spanning over 45-km², highlight values of 0.1 to 34.4% copper and 5 to 305 g/t silver over intervals ranging 0.1 to 25.0-metres;

  • In March 2021, Max's announced the CONEJO discovery, now spanning 3.2-km by 1.6-km and open in all directions. CONEJO returned values greater than 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR):

    • 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre

    • 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre

    • 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre

    • 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre

    • 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre

    • 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre

    • 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre

    • 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre

    • 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre

    • 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre

  • The 2021 URU discovery is located 30-km south of CONEJO, now expanded to 12-km² and open in all directions. URU appears to have major-scale potential; Thirteen rock samples over widths ranging from 10 to 25-metres returned values of 2.0% copper and above, thirty-seven returned values greater than 1.0% copper, with highlight values of 5.7 % copper and 37 g/t silver:

    • 4.3% copper and 8 g/t silver over widths of 10-metres

    • 3.9% copper and 7 g/t silver over widths of 10-metres

    • 3.6% copper and 12 g/t silver over widths of 10-metres

    • 3.0% copper and 6 g/t silver over widths of 10-metres

    • 3.0% copper and 37 g/t silver over widths of 10-metres

  • Late April 2021, Max identified the SP target, which lies along the mid portion of the CESAR North 80-km belt, in line with the four previous copper discoveries URU, CONEJO, AMN and AMS;

  • Exploration continues on the CONEJO and URU zones;

  • In addition, Max has initiated the process of mineral claim approvals and drill permitting;

• CESAR West: Max has identified copper porphyry-style mineralization along a significant target zone.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is a copper and precious metals exploration company, engaged in advancing both the newly discovered district-scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold project (100% earn-in) in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both stratabound-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.

Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.

For more information visit: https://www.maxresource.com/
For more information visit: www.tsx.com/venture50
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube

For additional information contact:

Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100

*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes."

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.

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95288

Fractional investing gives small investors an opportunity to consider exposure to large-cap stocks that trade well above $1,000. However, it’s a good idea to also consider buying cheap stocks that could provide multi-fold returns. Investors can buy a decent lot size and these stocks can be potential portfolio catalysts.

For example, one year ago, Marathon Digital (NASDAQ:MARA) stock was trading at $2.38. Currently, the stock trades for more than $40. Of course, not all stocks will give 5-fold or 10-fold returns. However, even if only a few cheap stocks double, it’s likely to have a meaningful impact on the overall portfolio.

Let’s talk about seven cheap stocks that are trading for less than $10. Their low price isn’t their only appeal; these stocks seem to be undervalued and positioned for a strong rally in the next few quarters. The stocks highlighted below are from diversified sectors that might have multi-year positive tailwinds.

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With that in mind, these seven stocks whose shares are trading for less than $10 look promising right now:

• Kinross Gold (NYSE:KGC)

• Hecla Mining (NYSE:HL)

• Cronos Group (NASDAQ:CRON)

• Transocean (NYSE:RIG)

• Paysafe Limited (NYSE:PSFE)

• Bitfarms (NASDAQ:BITF)

• Electrameccanica Vehicles (NASDAQ:SOLO)

Cheap Stocks: Kinross Gold (KGC)

Source: T. Schneider / Shutterstock.com

Among gold mining stocks, KGC stock looks attractive after underperforming in the current year. While there are talks about a relatively early rate hike, I am bullish on gold for two reasons.

First and foremost, the delta variant and its economic impact might delay the rate hike. Furthermore, even if interest rates trend higher, real rates are likely to remain negative for an extended period. Gold can therefore remain in a long-term uptrend.

Specific to Kinross Gold, I like the fact that the company is positioned for production growth in the coming years. Kinross has guided for production of 2.1 million ounces for 2021. However, production is expected to increase to 2.7 million ounces in 2022 and further to 2.9 million ounces in 2023.

Therefore, Kinross will benefit from higher gold prices coupled with incremental production.

It’s worth noting that the company has a total liquidity buffer of $2.2 billion as of the second quarter of 2021. Further, for the last quarter, the company reported free cash flow (FCF) of $183 million. This indicates Kinross has ample financial flexibility to finance capital expenditures.

KGC stock also offers an annualized dividend of 12 cents, which translates into a dividend yield of 2%. Dividend growth is likely in the next few years as production upside translates into higher free cash flows.

Hecla Mining (HL)

Source: Shutterstock

Hecla Mining has the largest reserve and resource of silver in the United States. Additionally, the company is into gold mining.

Hecla has been reporting robust financials. For Q2 2021, the company clocked sales of $218 million and an EBITDA of $84 million. Importantly, the company also reported $54.4 million in free cash flow for the quarter. This implies an annualized FCF potential of more than $200 million.

From a credit perspective, Hecla reported cash and equivalents of $181 million. With a total liquidity buffer of more than $400 million, the company is well-positioned to accelerate exploration and production investments. The company’s net-debt-to-adjusted-EBITDA ratio has also declined to 1.2 as of June 2021.

It’s also worth noting that Hecla Mining has an attractive all-in-sustaining-cost for gold and silver. If precious metals trend higher, the company’s FCF is likely to swell further. Even at current levels of gold and silver, healthy cash flows are likely.

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Another important point to note is that between 2013 and 2020, the company’s silver reserves have surged by 250% to 188.4 million ounces. For the same period, gold reserves have increased by 645% to 2.4 million ounces. Clearly, with a healthy reserve life, the company is positioned for sustained growth.

Cheap Stocks: Cronos Group (CRON)

Source: Shutterstock

With a potential Federal-level legalization of cannabis on the horizon in the United States, the sector is appealing. According to estimates, the U.S. cannabis industry is expected to be worth $41 billion by 2026. Additionally, there are opportunities for growth in Canada and Europe.

In that context, CRON stock is worth considering. Its shares have remained almost sideways in 2021, and an upside seems inevitable from current levels around $6.60.

One factor that makes Cronos attractive is its wide portfolio of products. Currently, different brands focus on wellness, adult-use and CBD. The company is already present in the United States, Canada, Germany, Israel and Australia. These markets have the potential for high growth in the coming decade.

In the medicinal cannabis segment, Cronos has partnered with Technion to conduct pre-clinical research on skin treatments that use cannabinoids. A new, evidence-backed medicinal cannabis application can be a long-term game changer for the company.

For the first half of 2021, Cronos reported healthy revenue growth of 54% year-over-year (YOY) to $28.2 million. For the same period, the company reported an adjusted EBITDA loss of $86.3 million.

Cash burn is unlikely to be a continuing concern if the company’s growth accelerates further. Cronos has a robust cash buffer and the backing of Altria (NYSE:MO).

In another important development, PharmaCann seems to be planning a U.S. initial public offering (IPO) at a valuation of more than $1 billion. Cronos has a 10.5% stake in the company, which is focused on medicinal cannabis. There is potential for significant value creation from PharmaCann in the next few years.

Transocean (RIG)

Source: Shutterstock

Offshore rig service providers were among the worst hit when the pandemic drove oil prices lower. However, with Brent oil remaining firm above $70 per barrel, a gradual recovery is occurring in the sector.

RIG stock is one of the best cheap stocks from the offshore drilling sector. Its shares have already surged by 194% in the last 12 months, and further upside seems likely as order intake accelerates.

As of Q2 2021, Transocean reported an order backlog of $7.4 billion. The front-end loaded backlog ensures clear revenue visibility for the next 12 to 24 months. Additionally, order intake has been robust in the recent past. For example, the company won a $252 million contract for a newbuild ultra-deepwater drillship.

At the same time, as industry conditions improve, new orders are likely to deliver a higher EBITDA margin. For the first six months of 2021, Transocean reported operating cash flow (OCF) of $249 million.

It’s likely that OCF will improve further in the coming quarters. Transocean also has a cash buffer of $988 million and an undrawn credit facility of $1.3 billion. Therefore, the company’s credit metrics seem to be witnessing a gradual improvement.

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With a modern fleet and gradually improving industry conditions, Transocean is well-positioned for growth. RIG stock is an appealing buy at current levels around $3.67.

Cheap Stocks: Paysafe Limited (PSFE)

Source: Sulastri Sulastri / Shutterstock.com

In January 2021, PSFE stock touched a high of $19.57. However, the stock has subsequently been in correction mode. At current levels around $8.80, the stock seems ready for a reversal.

Even as PSFE shares trend lower, the digital wallet solutions provider has been on an acquisition spree. In August 2021, the company has made three acquisitions. The company’s latest purchase is Viafintech, which is likely to accelerate the company’s growth in Germany.

For the current year, Paysafe has guided for revenue of $1.54 billion and an adjusted EBITDA of $488 million. This would imply a healthy EBITDA margin of 32%.

Paysafe is also a proxy-play for the iGaming sector, which is growing at a healthy pace.

The company has a relatively high leverage. As of June 2021, the company reported a net-debt-to-adjusted-EBITDA ratio of 4.3. However, I don’t see this as a concern. Paysafe has been delivering strong profitability at operating level and debt servicing is likely to be smooth.

Another long-term growth driver for Paysafe is likely to be the cryptocurrency segment. The company already has its digital wallet live on 30 crypto exchanges with 37 cryptocurrencies available for trading. Overall, with a big addressable market and visibility for steady growth, PSFE stock is worth a buy.

Bitfarms (BITF)

Source: Shutterstock

As crypto is increasingly adopted and Bitcoin (CCC:BTC-USD) trends higher, investors can profit with BITF stock. In the last month, the stock has trended higher by 28% with room for more upside as the company aggressively expands.

Currently, Bitfarms has one of the largest mining operations in North America with 69 megawatts (MW) of built-out capacity. The company expects this to increase to 168 MW in 2021 and further to 210 MW in 2022. This positions Bitfarms for strong growth over the next few years.

For Q2 2021, it reported revenue of $36.7 million and an adjusted EBITDA of $23.8 million. As the number of Bitcoins mined increases on a quarter-to-quarter basis, the company is likely to have ample financial flexibility.

In August 2021, the company also announced an at-the-market offering. Bitfarms intends to raise $500 million through this move, which will further boost its liquidity position.

I also like that Bitfarms is gradually moving toward utilizing renewable energy for mining operations. As of May 2021, the company had mined 1,006 Bitcoins with hydroelectricity.

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Overall, BITF looks appealing at current levels around $5.95. I would not be surprised if the stock doubles within the next few quarters.

Cheap Stocks: Electrameccanica Vehicles (SOLO)

Source: Luis War / Shutterstock.com

SOLO stock looks like an interesting electric vehicle play, as Electrameccanica offers a unique product. The stock has underperformed, declining by 43% in the last six months. However, the stock has remained sideways recently; it seems the worst of the downside is over.

As an overview, Electrameccanica is the designer and manufacturer of a single-seat electric vehicle called the Solo. Currently, it has an asset-light model with manufacturing outsourced to Zongshen Industrial Group. Its annual production capacity is 20,000 Solos.

One of the differentiating factors for the company is a low base selling price of $18,500. Furthermore, micro-mobility options similar to the Solo are gaining traction.

The company has already established a retail presence in several locations in the United States. The coming quarters should be interesting in terms of sales growth.

It’s worth noting that in June 2021, Electrameccanica filed for a $750 million mixed securities shelf offering. This is likely to provide the company with liquidity for sales, marketing, product development and capacity expansion expenses.

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

Read More: Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, Faisal Humayun did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.

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(Bloomberg) — Impala Platinum Holdings Ltd. announced a fourfold increase in its dividend after surging platinum-group metals prices yielded a record profit.

Implats, as the Johannesburg-based producer is known, follows Anglo American Platinum Ltd. and Sibanye Stillwater Ltd. in boosting payouts to investors. The final dividend of 9.8 billion rand ($680 million), or 12 rand a share, brings the total payout for the year through June to 22 rand. That’s the equivalent of about 50% of free cash flow.

The payout completes a turnaround for Implats, which just two years ago was on the verge of cutting more than 10,000 jobs and closing some operations. Supply shortfalls for both rhodium and palladium are continuing to buoy prices, even as automakers, the largest consumers of the metals, slow down some operations due to shortages of semi-conductors.

“The medium-term automotive demand outlook for PGMs remains robust, with tightening emissions standards and rising production volumes from a Covid-19-depressed base, likely to support firm demand through the middle of the decade,” Implats said Thursday in a statement.

The palladium supply deficit may persist until around 2025 and thereafter prices could soften to about $1,500 an ounce, Chief Executive Officer Nico Muller said on a conference call. The CEO forecasts platinum to rise to $2,500 to $2,700 an ounce from 2025, while rhodium may hover at $15,000 to $20,000 an ounce over the coming year as supplies remain tight.

Profit in the year almost tripled to 47 billion rand, Implats said. The company said its board has approved a one-time employee award of 1.1 billion rand. Implats shares fell as much as 7.3% in Johannesburg.

Implats is studying plans to refurbish an old base metals refinery in Zimbabwe to ease bottlenecks at its main plant in South Africa. The additional processing capacity could also help lift the company’s nickel and copper output, and make it easier to participate in new projects in southern Africa, Muller said.

(Updates with comments on palladium from fifth paragraph)

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

Figure 1

2021 Drill Holes Completed

Figure 2

Newly Discovered Sadowski Gold Zone

Figure 3

Drill Holes at Extension of Surluga Resource

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Minto Vein 30 metres down-dip of the current boundary of the Minto Mine Deposit inferred resource.

Highlights of the 2021 Drilling Program (Tables 1 and 2, Figure 1)

• Intersection in SD-21-298A of 109.37 g/t gold (un-cut) over 2.68 metres true width (TW) in the Minto Vein, including 314 g/t gold over 0.84 metres (TW) and 26.93 g/t gold over 0.95 metre (TW), 30 metres away from the current boundary of the resource.

• Extension of high-grade gold mineralization in SD-21-298A in the newly identified Sadowski Gold Zone with the intersection of 24.8 g/t gold over 1.15 metres core length (CL).

• Visible gold has been observed in 3 different veins in the Jubilee Shear Zone in SD-21-298A (results pending).

“The confirmation that high-grade gold mineralization extends down-dip of the current resource of the Minto Mine deposit is a significant development for the Wawa Gold Project. With the overlapping relationship between the Minto Mine and the Jubilee Shear Zones, we have two exploration targets that are testing concurrently with the same drill hole. Additionally, the extension of high-grade gold mineralization in the Sadowski Gold Zone continues to show that the property has significant greenfield exploration potential.

Red Pine has two active drill rigs on-site that are concurrently testing the Surluga deposit to the North and South, and the Minto Mine Deposit. A third drill is on site waiting for a crew with which the Company will test some of the greenfield targets near the historic Darwin Grace mine.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/0caa57e0-82fe-4774-9a37-caa4b88f153c

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine is testing the northern and southern depth extensions of the Surluga Deposit and the Minto Mine South Deposit. One drill rig is active at the northern end of the Surluga Deposit and one drill rig is active at the southern end of the Surluga Deposit. The southern drill is also testing the Minto Mine South Deposit.

At the southern end of the Surluga Deposit, in holes SD-21-296A, 297A and 298A, the Jubilee Shear Zone was successfully intersected up to 400 metres away from the current boundary of the Surluga Deposit resource. Results in the Jubilee Shear Zone for holes SD-21-296A and 297A have been released, whereas those for 298A remain pending (bottom half of hole 298A). Visible gold has been observed in 3 different veins in the Jubilee Shear Zone in SD-21-298A.

Drilling at the southern end of the Surluga Deposit also resulted in the discovery of the down-dip extension of the Minto Vein in the Minto Mine Shear Zone in SD-21-297A, and to the discovery of significant mineralization in the Minto Vein in SD-21-298A. Additional drilling is necessary to define the size and extent of this new zone of high-grade gold mineralization in the Minto Vein.

Hole SD-21-298A also continues to expand the potential of the newly discovered Sadowski Gold Zone, a new near-surface high-grade zone of mineralization (Figure 2). The Sadowski Gold Zone is formed by a network of quartz veins variably transposed in superimposed shearing.

At the northern end of the Surluga Deposit, drilling indicated that the Jubilee Shear Zone extends down-dip of the current limit of diamond drilling in the area. In hole SD-21-301 (assay results pending), visible gold has been observed in two quartz veins in two separate domains of the Jubilee Shear Zone.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program

*Results in the Sadowski Gold Zone are presented as core length and are estimated to be between 40% and 80% true width. Additional drilling is necessary to constrain the geometry of that zone of mineralization.

Figure 2- Newly Discovered Sadowski Gold Zone
https://www.globenewswire.com/NewsRoom/AttachmentNg/b49f259a-76a4-4ed2-ae49-34c8c6268d88

Table 2 – Coordinates of the Reported Holes

Figure 3- Drill Holes at Extension of Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/df346c8d-0188-4f05-8b62-e3c2e9d0697e

On-site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures
according to guidelines for the Province of Ontario. Protocols were put in place to ensure
our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX."

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, and the Ontario Energy Board. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019

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.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NEW YORK, NY / ACCESSWIRE / September 1, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

James River Group Holdings, Ltd. (NASDAQ:JRVR)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/james-river-group-holdings-ltd-loss-submission-form?prid=19273&wire=1
Lead Plaintiff Deadline: September 7, 2021
Class Period: August 1, 2019 – May 5, 2021

Allegations against JRVR include that: (1) James River had not adequately reserved for its Uber policies; (2) James River was using an incorrect methodology for setting reserves that materially understated the Company's true exposure to Uber claims; (3) as a result, James River was forced to increase its unfavorable reserves in subsequent quarters even after cancelling the Uber policies; and (4) as a result of the foregoing, Defendants' statements about James River's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

Piedmont Lithium Inc. (NASDAQ:PLL)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=19273&wire=1
Lead Plaintiff Deadline: September 21, 2021
Class Period: March 16, 2018 – July 19, 2021

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

Live Ventures Incorporated (NASDAQ:LIVE)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/live-ventures-incorporated-loss-submission-form?prid=19273&wire=1
Lead Plaintiff Deadline: October 12, 2021
Class Period: December 28, 2016 – August 3, 2021

Allegations against LIVE include that: 1) Live's earnings per share for FY 2016 was actually only $6.33 per share; (2) the Company used an artificially low share count to boost the earnings per share by 40%; (3) Live had overstated pretax income for fiscal 2016 by 20% by including $915,500 of "other income" related to certain amendments that were not negotiated until after the close of the fiscal year; (4) Live's acquisition of ApplianceSmart did not close during first quarter 2017; (5) using December 30, 2017 as the "acquisition date" and recognizing income therefrom did not conform to generally accepted accounting principles; (6) by falsely stating that the acquisition closed during the quarter, Live recognized bargain purchase gain, which enabled the Company to report positive net income in what would otherwise have been an unprofitable quarter; (7) between fiscal 2016 and fiscal 2018, Live's CEO received approximately 94% more in compensation than was disclosed to investors; and (8) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

View source version on accesswire.com:
https://www.accesswire.com/662478/SHAREHOLDER-ALERT-JRVR-PLL-LIVE-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines

NEW YORK, Sept. 02, 2021 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that securities class action lawsuits have been filed on behalf of stockholders of Stable Road Acquisition Corp., CorMedix Inc., Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited, and Activision Blizzard. Investors have until the deadlines below to apply to the Court to be appointed as lead plaintiff in the lawsuits. Additional information about each case can be found at the links provided below.

Stable Road Acquisition Corp. (“Stable Road” or the “Company”) (NASDAQ: MNTS)

Class Period: October 7, 2020 to July 13, 2021
Pending Court: U.S. District Court for the Central District of California
Lead Plaintiff Deadline: September 13, 2021

The lawsuits allege that, throughout the Class Period, Defendants misrepresented and failed to disclose adverse facts about Momentus’ business, operations, and prospects and Stable Road’s due diligence activities in connection with the merger, which were known to Defendants or recklessly disregarded by them, as follows: (a) Momentus’ 2019 test of its key technology, a water plasma thruster, had failed to meet Momentus’ own public and internal pre-launch criteria for success, and was conducted on a prototype that was not designed to generate commercially significant amounts of thrust; (b) the U.S. government had conveyed that it considered Momentus’ former CEO, Kokorich, a national security threat, which jeopardized Kokorich’s continued leadership of Momentus and Momentus’ launch schedule and business prospects; (c) consequently, the revenue projections and business and operational plans provided to investors regarding Momentus and the commercial viability and timeline of its products were materially false and misleading and lacked a reasonable basis in fact; and (d) Stable Road had failed to conduct appropriate due diligence of Momentus and its business operations and Defendants had materially misrepresented the due diligence activities being conducted by Stable Road executives and its sponsor in connection with the merger.

For additional information on the Stable Road lawsuits please visit this website.

CorMedix Inc. (“CorMedix” or the “Company”) (NASDAQ: CRMD)

Class Period: July 8, 2020 to May 13, 2021
Pending Court: U.S. District Court for the District of New Jersey
Lead Plaintiff Deadline: September 20, 2021

The lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors the following: (1) deficiencies existed with respect to DefenCath’s manufacturing process and/or at the facility responsible for manufacturing DefenCath; (2) in light of the foregoing deficiencies, the U.S. Food and Drug Administration (“FDA”) was unlikely to approve the DefenCath New Drug Application (“NDA”) for catheter-related bloodstream infections in its present form; (3) Defendants had downplayed the true scope of the deficiencies with DefenCath’s manufacturing process and/or at the facility responsible for manufacturing DefenCath; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

For additional information on the CorMedix lawsuit please visit this website.

Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (“Piedmont” or the “Company”) (NASDAQ: PLL)

Class Period: March 16, 2018 to July 19, 2021
Pending Court: U.S. District Court for the Eastern District of New York
Lead Plaintiff Deadline: September 21, 2021

The lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business do not have strong local government support; and (5) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

For additional information on the Piedmont lawsuit please visit this website.

Activision Blizzard, Inc. (“Activision Blizzard” or the “Company”) (NASDAQ: ATVI)

Class Period: August 4, 2016 to July 27, 2021
Pending Court: U.S. District Court for the Central District of California
Lead Plaintiff Deadline: October 4, 2021

The lawsuit alleges throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Activision Blizzard discriminated against women and minority employees; (2) Activision Blizzard fostered a pervasive “frat boy” workplace culture that continues to thrive; (3) numerous complaints about unlawful harassment, discrimination, and retaliation were made to human resources personnel and executives which went unaddressed; (4) the pervasive culture of harassment, discrimination, and retaliation would result in serious impairments to Activision Blizzard’s operations; (5) as a result of the foregoing, the Company was at greater risk of regulatory and legal scrutiny and enforcement, including that which would have a material adverse effect; (6) Activision Blizzard failed to inform shareholders that California’s Department of Fair Employment and Housing had been investigating Activision Blizzard for harassment and discrimination; and (7) as a result, Defendants’ statements about Activision Blizzard’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

For additional information on the Activision Blizzard lawsuit please visit this website.

About Kirby McInerney LLP:

Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.,
(212) 371-6600
investigations@kmllp.com
www.kmllp.com

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, September 2nd:

Herc Holdings Inc. HRI: This company that through its subsidiaries, operates as an equipment rental supplier carries a Zacks Rank #1 (Strong Buy) and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.8% over the last 60 days.

Herc Holdings Inc. Price and Consensus

Herc Holdings Inc. price-consensus-chart | Herc Holdings Inc. Quote

Herc Holdings has a PEG ratio of 0.38, compared with 0.86 for the industry. The company possesses a Growth Score of B.

Herc Holdings Inc. PEG Ratio (TTM)

Herc Holdings Inc. peg-ratio-ttm | Herc Holdings Inc. Quote

Macy's, Inc. M: This omnichannel retail organization carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 73.5% over the last 60 days.

Macy's, Inc. Price and Consensus

Macy's, Inc. price-consensus-chart | Macy's, Inc. Quote

Macy's has a PEG ratio of 0.50, compared with 0.53 for the industry. The company possesses a Growth Score of B.

Macy's, Inc. PEG Ratio (TTM)

Macy's, Inc. peg-ratio-ttm | Macy's, Inc. Quote

Asbury Automotive Group, Inc. ABG: This company that together with its subsidiaries, operates as an automotive retailer carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 41.5% over the last 60 days.

Asbury Automotive Group, Inc. Price and Consensus

Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote

Asbury Automotive has a PEG ratio of 0.40, compared with 0.58 for the industry. The company possesses a Growth Score of A.

Asbury Automotive Group, Inc. PEG Ratio (TTM)

Asbury Automotive Group, Inc. peg-ratio-ttm | Asbury Automotive Group, Inc. Quote

The Mosaic Company MOS: This company that through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 45.3% over the last 60 days.

The Mosaic Company Price and Consensus

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

The Mosaic Co. has a PEG ratio of 0.97, compared with 1.20 for the industry. The company possesses a Growth Score of B.

The Mosaic Company PEG Ratio (TTM)

The Mosaic Company peg-ratio-ttm | The Mosaic Company Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

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Macys, Inc. (M) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report

Herc Holdings Inc. (HRI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) — Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull” or the “Company”) is pleased to announce the timing and additional details regarding the previously announced distribution (the “Distribution”) to Silver Bull shareholders of shares of Arras Minerals Corp. (“Arras”).

Pursuant to the Distribution, shareholders of Silver Bull common stock as of September 10, 2021 (the “Record Date”) will be entitled to receive one common share of Arras for each share of Silver Bull common stock held as of that date. The Distribution is scheduled to occur on September 24, 2021 (the “Distribution Date”).

Immediately following completion of the Distribution, Silver Bull’s shareholders will be issued shares in Arras so that, collectively, they will own approximately 84% of Arras, on a non-diluted basis, and Silver Bull will own approximately 4% of Arras, on a non-diluted basis. The remaining approximately 12% of Arras will be held by those who participated in Arras’ private placement in April 2021.

In connection with the approval of the Distribution by the board of directors of Silver Bull, Silver Bull and Arras entered into a separation and distribution agreement, dated August 31, 2021, setting forth the principal actions to be taken in connection with the Distribution and providing a framework for the relationship between the parties after the Distribution.

The Toronto Stock Exchange (the “TSX”) has decided to implement “due bill” trading in connection with the Distribution. Each “due bill” will represent an entitlement to an Arras share to be distributed pursuant to the Distribution and will attach to each Silver Bull share between the opening of trading on September 9, 2021 and the closing of trading on September 24, 2021, allowing Silver Bull shares to carry the value of the entitlement to the Arras share until the Distribution is made. As such, Silver Bull shareholders who sell Silver Bull shares up to the end of trading on the Distribution Date (i.e., when Silver Bull shares trade with an attached “due bill” representing an entitlement to Arras shares to be distributed pursuant to the Distribution) will be selling their right to receive Arras common shares in the Distribution. “Ex-distribution” trading (i.e., where Silver Bull shares trade without an entitlement to Arras shares to be distributed pursuant to the Distribution) will commence at the opening of trading on September 27, 2021. The due bill redemption date (i.e., the date when holders of due bill entitlements are expected to settle their entitlements) will be September 28, 2021. It is expected that the OTCQB marketplace will also implement “due bills” trading.

Most Silver Bull shareholders hold their Silver Bull shares through a bank or brokerage firm. In such cases, the bank or brokerage firm would be said to hold the shares in “street name,” and ownership would be recorded on the bank’s or brokerage firm’s books. If a Silver Bull shareholder holds Silver Bull shares through a bank or brokerage firm, the bank or brokerage firm will credit the shareholder’s account for the Arras common shares that the shareholder is entitled to receive in the Distribution. If Silver Bull shareholders have any questions concerning the mechanics of having shares held in “street name,” they should contact their bank or brokerage firm.

In connection with the Distribution, all registered Silver Bull shareholders holding physical share certificates or shares in book-entry form with the Company’s transfer agent (Olympia Trust Company) will be issued Arras shares in book-entry form only, which means that no physical share certificates will be issued. For questions relating to the transfer or mechanics of the Distribution, please contact Olympia Trust Company by telephone at 1-833-684-1546 (toll free in North America) or by online inquiry at cssinquiries@olympiatrust.com.

Upon the consummation of the Distribution, Arras will not be listed on a public stock exchange but will report under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), as a non-U.S. company with foreign private issuer status. The Arras shares distributed to Silver Bull shareholders, though freely transferable in the United States, may be illiquid until such time as the shares are listed or a trading market develops, if at all. The Distribution of Arras shares by Silver Bull will constitute a distribution of securities that is exempt from the prospectus requirements of Canadian securities legislation. As such, the first trade in Arras shares in Canada will be a distribution for the purposes of Canadian securities laws and subject to prospectus requirements unless certain conditions are satisfied. Until such conditions are satisfied, Arras shares may only be resold in Canada pursuant to an exemption from prospectus requirements. Silver Bull warrants and options will also be adjusted pursuant to the Distribution. For further details regarding the Canadian resale restrictions on the Arras shares distributed by Silver Bull and the adjustments being made to Silver Bull warrants and options in connection with the Distribution, please refer to the Registration Statement on Form 20-F of Arras filed on September 1, 2021 with the U.S. Securities and Exchange Commission (the “SEC”) on EDGAR at www.sec.gov/edgar (the “20-F”).

Tax Implications

The following discussion is qualified in its entirety by the discussion of tax matters set forth in the 20-F. Silver Bull shareholders entitled to receive the Distribution of Arras shares should make reference to that discussion for further details regarding the tax consequences of the Distribution.

For U.S. federal income tax purposes, the receipt of Arras common shares by Silver Bull shareholders should be treated as a distribution of property in an amount equal to the fair market value of the common shares received. The Distribution of Arras common shares should be treated as dividend income to the extent considered paid out of Silver Bull’s current and accumulated earnings and profits. Distributions in excess of Silver Bull’s current and accumulated earnings and profits will be treated as a non-taxable return of capital to the extent of the holder’s basis in its Silver Bull shares and thereafter as capital gain. Silver Bull will not be able to determine the amount of the Distribution that will be treated as a dividend until after the close of the taxable year of the Distribution because its current year earnings and profits will be calculated based on its income for the entire taxable year in which the Distribution occurs. However, based on current projections, it is reasonably expected that a portion of the Distribution of Arras common shares should be treated as a return of capital rather than a dividend.

For Canadian tax purposes, the Distribution of Arras shares will be considered a dividend in kind on the Silver Bull shares to shareholders resident in Canada. Such shareholders will be required to include in computing their income for a taxation year the amount of such dividend (equal to the fair market value of the Arras shares received). A dividend in kind of the Arras shares paid in respect of the Silver Bull shares to a shareholder who is not a resident of Canada will not be subject to Canadian withholding tax or other income tax under the Income Tax Act (Canada).

The portion of the Distribution treated as a dividend for U.S. federal income tax purposes that is made to non-U.S. holders will generally be subject to U.S. federal gross-basis income tax at a rate of 30%, or a lower rate specified in an applicable income tax treaty. This tax is generally collected by way of withholding. Because the amount constituting a dividend will not be known at the time of the Distribution, Silver Bull or the applicable withholding agent is generally required to withhold on entire amount of the Distribution. Silver Bull or the applicable withholding agent may obtain the funds necessary to remit any such withholding tax by asking the non-U.S. holder to provide the funds, by using funds in such holder’s account with the applicable withholding agent or by selling (on such holder’s behalf) the portion of Arras common shares otherwise distributable to such non-U.S. holder needed to pay that tax, together with associated expenses.

EACH REGISTERED HOLDER OF SILVER BULL COMMON STOCK THAT IS A NON-U.S. HOLDER WILL HAVE THE OPTION TO PROVIDE THE FUNDS NECESSARY TO REMIT ANY APPLICABLE WITHHOLDING TAX TO THE IRS. IF SUCH FUNDS, TOGETHER WITH ANY OTHER REQUIRED DOCUMENTATION TO BE PROVIDED FROM SUCH HOLDER, ARE NOT RECEIVED BY SEPTEMBER 17, 2021, THEN, IF APPLICABLE, A PORTION OF THE ARRAS COMMON SHARES OTHERWISE DISTRIBUTABLE TO SUCH HOLDER WILL BE WITHHELD AND SOLD (ON SUCH HOLDER’S BEHALF) IN ORDER TO PAY ANY APPLICABLE WITHHOLDING TAX.

As this Distribution, as described above, is reasonably expected to result in a taxable dividend, the Company or an applicable withholding agent generally will be required to withhold with respect to the Distribution being made to certain non-U.S. holders. The Company implores shareholders who have not yet provided proof of their tax residency to do so by filing the appropriate forms with their bank, brokerage firm or for those who hold physical share certificates or in book entry form with the Company’s transfer agent, Olympia Trust Company, prior to the Record Date.

Benefits of the Transaction

The Distribution is expected to:

• provide investors with the potential for greater value than a single company, by unlocking a premium value for the Beskauga and Sierra Mojada projects separately;

• create two separate companies that have clear commodity and regional demarcation, allowing for targeted branding and marketing;

• allow each company flexibility in allocating resources and deploying capital in a manner consistent with the separate business strategies;

• broaden the appeal of the potential investor base for both companies, with Kazakhstan appealing to European and Middle Eastern investors and Mexico potentially appealing to North American investors; and

• facilitate the ability of the companies to separately finance the Beskauga and Sierra Mojada projects based on the unique characteristics of each project and jurisdiction.

Tim Barry, President, CEO and director of Silver Bull states, “We continue to believe greater value will be created with two independent companies compared to the value that would be achieved by keeping the two sets of assets in a single company. Both the Beskauga and Sierra Mojada projects have NI 43-101 compliant resources as well as exploration upside and we believe the split will allow each company to execute its own unique business strategy and achieve a premium for any success in resource development and exploration. With continued strong metal prices and demand for commodities, we are confident that now is the right time to separate the projects in different companies.”

Beskauga Deposit, Kazakhstan: The Beskauga deposit is an open pittable gold-copper-silver deposit with a NI 43-101 compliant “Indicated” Mineral Resource of 207 million tonnes grading 0.35 g/t gold, 0.23% copper and 1.09 g/t silver for 2.33 million ounces of contained gold, 476.1 thousand tonnes of contained copper, and 7.25 million ounces of contained silver and an “Inferred” Mineral Resource of 147 million tonnes grading 0.33 g/t gold, 0.15% copper and 1.02 g/t silver for 1.56 million ounces of contained gold, 220.5 thousand tonnes of contained copper, and 4.82 million ounces of contained silver.

The constraining pit was optimised and calculated using a NSR cut-off based on a price of: $1,500/oz for gold, $2.80/lb for copper, $17.25/oz for silver, and with an average recovery of 81.7% for copper and 51.8% for both gold and silver. Mineralization remains open in all directions as well as at depth.

Table 1. Pit-constrained Mineral Resource estimate for the Beskauga copper-gold project

For a full summary of the Beskauga resource please refer to the Company’s press release dated January 28, 2021 and filed on the Company’s profile at www.SEDAR.com, or by visiting the following link:

https://www.silverbullresources.com/news/silver-bull-announces-maiden-ni-43-101-resource-of-2.33-million-ounces-of-gold-476-thousand-tonnes-of-copper-in-the-indicated/

Sierra Mojada deposit, Mexico: Sierra Mojada is an open pittable oxide deposit with a NI 43-101 compliant Measured and Indicated “global” Mineral Resource of 70.4 million tonnes grading 3.4% zinc and 38.6 g/t silver for 5.35 billion pounds of contained zinc and 87.4 million ounces of contained silver. Included within the “global” Mineral Resource is a Measured and Indicated “high grade zinc zone” of 13.5 million tonnes with an average grade of 11.2% zinc at a 6% cutoff, for 3.336 billion pounds of contained zinc, and a Measured and Indicated “high grade silver zone” of 15.2 million tonnes with an average grade of 114.9 g/t silver at a 50 g/t cutoff for 56.3 million contained ounces of silver. Mineralization remains open in the east, west, and northerly directions.

The constraining pit was optimised and calculated using a NSR cut-off based on a silver price of US$15/oz, and a zinc price of US$1.20/lb and assumed a recovery for silver of 75% and a recovery for zinc of 41%. Approximately 60% of the current 3.2 kilometer mineralized body is at or near surface before dipping at around 6 degrees to the east.

For a full summary of the Sierra Mojada resource, please refer to the Company’s press release dated October 31, 2018 and filed on the Company’s profile at www.SEDAR.com, or by visiting the following link:

https://www.silverbullresources.com/news/silver-bull-resources-announces-5.35-billion-pounds-zinc-87.4-million-ounces-silver-in-updated-sierra-mojada-measured-and/

Sierra Mojada is currently under an illegal blockade from a group called Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. (“Mineros Norteños”).

In 2014, Mineros Norteños filed a lawsuit against Silver Bull’s Mexican subsidiary “Minera Metalin”. In the lawsuit, Mineros Norteños sought payment of a capped 2% production royalty, including interest at a rate of 6% per annum since August 30, 2004, even though no revenue has been produced from the applicable mining concessions. Mineros Norteños also sought payment of wages to the Mineros Norteños members since August 30, 2004 under this agreement, even though a mineral processing plant was never built and none of the individuals were hired or performed work for Silver Bull under this agreement and Silver Bull did not commit to hiring them.

To date, Mineros Norteños has lost three separate rulings on its lawsuit. In an attempt to force Silver Bull into making a settlement, Mineros Norteños has undertaken to illegally block access to the project since September 2019. To ensure the safety of all involved, Silver Bull has elected to halt all operations on the project until a resolution can be found.

Post-Distribution of Arras Shares

Following the Distribution, Silver Bull will focus on the Sierra Mojada asset and surrounding area in Mexico and continue to manage the joint venture option with South32. It will continue to trade under the symbol “SVB” on the TSX, and “SVBL” on the OTCQB. The current management and board are expected to remain in place to continue to run the Company.

Arras will focus on the Beskauga deposit and the exploration licenses held in the surrounding area. In addition, current Silver Bull management and board have been appointed as management and board of Arras, along with G. Wesley Carson as an additional independent board member.

Both companies will remain headquartered in Vancouver.

The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer, President and Director

INVESTOR RELATIONS:
+1 604 687 5800 info@silverbullresources.com

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed by, NI 43-101. We advise U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.

Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull’s future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the expected timing, mechanics, income tax consequences, benefits and other aspects of the proposed Distribution, expected post-Distribution management focus, and the Mineral Resource estimates for the Beskauga and Sierra Mojada projects. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as whether the Distribution is ultimately achieved, in the manner and on the timeline currently contemplated, or at all, whether some or all of the expected benefits of the Distribution will be achieved, the impact of the Distribution on Silver Bull shareholders, whether management’s focus will be as described in this news release following the Distribution, the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended October 31, 2020 and our Quarterly Report on Form 10-Q for the interim periods ended January 31, 2021, April 30, 2021, and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So should Berkeley Energia (ASX:BKY) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for Berkeley Energia

When Might Berkeley Energia Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In June 2021, Berkeley Energia had AU$79m in cash, and was debt-free. Looking at the last year, the company burnt through AU$5.7m. So it had a very long cash runway of many years from June 2021. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. You can see how its cash balance has changed over time in the image below.

How Is Berkeley Energia's Cash Burn Changing Over Time?

While Berkeley Energia did record statutory revenue of AU$23k over the last year, it didn't have any revenue from operations. That means we consider it a pre-revenue business, and we will focus our growth analysis on cash burn, for now. While it hardly paints a picture of imminent growth, the fact that it has reduced its cash burn by 23% over the last year suggests some degree of prudence. Admittedly, we're a bit cautious of Berkeley Energia due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Berkeley Energia Raise More Cash Easily?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for Berkeley Energia to raise more cash in the future. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Berkeley Energia's cash burn of AU$5.7m is about 7.4% of its AU$76m market capitalisation. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

So, Should We Worry About Berkeley Energia's Cash Burn?

It may already be apparent to you that we're relatively comfortable with the way Berkeley Energia is burning through its cash. For example, we think its cash runway suggests that the company is on a good path. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. Taking a deeper dive, we've spotted 5 warning signs for Berkeley Energia you should be aware of, and 3 of them don't sit too well with us.

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

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.

Even if it's not a huge purchase, we think it was good to see that Mark Lindh, the Independent Non-Executive Chairman of Aerometrex Limited (ASX:AMX) recently shelled out AU$100k to buy stock, at AU$0.78 per share. While that isn't the hugest buy, it actually boosted their shareholding by 77%, which is good to see.

Check out our latest analysis for Aerometrex

The Last 12 Months Of Insider Transactions At Aerometrex

Notably, that recent purchase by Mark Lindh is the biggest insider purchase of Aerometrex shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of AU$0.78. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Aerometrex insiders decided to buy shares at close to current prices.

Aerometrex insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Aerometrex is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Aerometrex Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Aerometrex insiders own 53% of the company, currently worth about AU$39m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Aerometrex Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Aerometrex. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aerometrex. In terms of investment risks, we've identified 1 warning sign with Aerometrex and understanding it should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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

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

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

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

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

Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.

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

A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. LEU is quite a good fit in this regard, gaining 12.4% over this period.

However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 27.3% over the past four weeks ensures that the trend is still in place for the stock of this company.

Moreover, LEU is currently trading at 91% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.

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

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

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

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

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

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

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

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Centrus Energy Corp. (LEU) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) is pleased to announce that it has completed the acquisition of the Bruner Property, located in Nye County, Nevada, from Canamex Gold Corp. (“Canamex”) (see news release dated July 19, 2021). Endeavour paid US$10 million in cash for 100% of the Bruner Gold Project which includes mineral claims, mining rights, property assets, water rights, and government authorizations and permits.

The Bruner Gold Project is an exploration and development stage project located approximately 180 kilometres (km) southeast of Reno, Nevada. Gold was originally discovered in the district in 1906 and saw intermittent historic mining between 1906 and 1998. Recent exploration activities by previous operators included mapping, drilling, geophysical surveys and sampling culminating in a mineral resource estimate in 2015 and a preliminary economic assessment in 2017 outlining a low capital cost, open pit, heap leach operation.

A historic resource estimate of 342,000 ounces of gold contained in 17.5 million tonnes (t) grading 0.61 grams per tonne (gpt) in three zones, Paymaster, HRA and Penelas was prepared for Canamex in a technical report dated January 22, 2018 titled “NI 43-101 Technical Report on the Bruner Gold Project, Updated Preliminary Economic Assessment, Nye County, Nevada, USA” by Welsh Hagen Associates. A Qualified Person has not done sufficient work for Endeavour to classify the historical estimate as a current mineral resource or mineral reserve. Endeavour is not treating the historical estimate as a current mineral resource or mineral reserve, has not verified the historical resource estimate and is not relying on it. Endeavour plans to “twin” certain drill holes and conduct a drilling program to upgrade the historical estimate as a current mineral resource. Activities in Q4, 2021 will focus on surface work and data compilation and in 2022, Endeavour anticipates recommencing exploration work on high priority targets.

Endeavour CEO Dan Dickson commented, “We are pleased to add an advanced precious metals property to our project pipeline. Bruner should be an accretive acquisition for our five-year strategic plan to become a premier senior silver producer, with potential for exploration discoveries, district acquisitions, near-term production, and organic growth.

“We will provide a formal market update in our 2022 annual guidance on our exploration plans for the Bruner project. Our exploration team will focus initially on verifying the historic resources, then turn its attention to the many exploration targets on the Bruner Property. We look forward to unlocking the full potential of the Bruner Property with the goal of building a new mining operation in another historic mining district in Nevada.

“In the short term, our attention is on the Terronera Project, as we are nearing the completion of the Feasibility Study and we look forward to releasing the results.”

Dale Mah, B.Sc., P.Geo., Endeavour's Vice President Corporate Development, is the Qualified Person who reviewed and approved this news release.

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information
Galina Meleger, Vice President, Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements concern the Company’s strategic plans for the Bruner Property, timing and completion of the Terronera Project Feasibility Study, timing and expectations for the Company’s exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Toronto, Ontario–(Newsfile Corp. – September 1, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") today announced that it has received trading approval from OTC Markets and is now actively trading on the OTCQB Venture Market under the new ticker symbol PTUUF. You can visit the company profile at https://www.otcmarkets.com/stock/PTUUF/overview.

"As our U.S. investor base grows, we felt it important to upgrade to the OTCQB Market," said Chris Frostad, President & CEO at Purepoint. "This listing will allow for increased accessibility to U.S.-based retail and institutional investors."

To view this week's interview with Chris Frostad by Matthew Gordon at Crux Investor, please visit: https://youtu.be/j9hDoeLBCr0.

The OTC Venture Market (OTCQB) offers Canadian companies the benefits of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Streamlined market standards enable Canadian companies to provide a strong baseline of transparency to inform and engage U.S. investors. To be eligible, Canadian companies must be current in their SEDAR reporting and undergo an annual verification and management certification process.

As a verified market with efficient access to U.S. investors, the OTCQB helps Canadian companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation. As a result, more Canadian companies are traded on OTC Markets than on NYSE, NYSE MKT and NASDAQ combined. The key benefits of trading on the OTC Markets includes efficient market standards, transparency, and visibility. Companies may leverage their SEDAR disclosure (SEC Exchange Act Rule 12g3-2(b)). There are no Sarbanes-Oxley and SEC Reporting requirements to trade on OTCQB, bypassing burdensome, costly and duplicative NYSE and NASDAQ listing requirements.

OTCQB is recognized by the SEC as an established public market. OTCQB companies provide current company information and meet financial standards that enable brokers to more easily quote and trade a security. Companies engage a far greater network of U.S. investors, data distributors and media partners, ensuring U.S. investors have access to the same high-quality information that is available to investors in Canada, but through U.S. platforms and portals to conduct research.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline of 12 advanced projects in Canada's Athabasca Basin, the world's richest uranium region. Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company's projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin. These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.

Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:

Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

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

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95053

A month has gone by since the last earnings report for Mosaic (MOS). Shares have added about 2.7% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Mosaic due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Mosaic's Q2 Earnings Beat Estimates, Revenues Lag

Mosaic logged profits of $437.2 million or $1.14 per share in second-quarter 2021, up from $47.4 million or 12 cents in the year-ago quarter. The company gained from higher prices and its transformation efforts in the quarter.

Barring one-time items, adjusted earnings per share were $1.17 that beat the Zacks Consensus Estimate of $1.01.

Net sales rose roughly 37% year over year to $2,800.7 million in the quarter. The figure missed the Zacks Consensus Estimate of $2,927.8 million. Sales were driven by higher prices that more than offset reduced volumes.

Segment Highlights

Net sales in the Phosphates segment rose roughly 54% year over year to $1.2 billion in the quarter, driven by increased prices. Sales volumes in the segment slipped around 11% year over year to 2 million tons. The segment’s gross margin per ton improved to $309 from $18 in the year-ago quarter as better pricing and transformation benefits more than offset reduced volumes and higher raw material costs.

Potash division’s net sales climbed around 19% year over year to $663 million driven by higher prices. Sales volumes in the segment declined around 9% year over year to 2.3 million tons. Gross margin per ton in the quarter was $217, up around 64% year over year.

Net sales in the Mosaic Fertilizantes segment were $1 billion, up around 32% year over year driven by higher year-over-year prices. Sales volume fell around 8% year over year to 2.3 million tons. Gross margin per ton in the quarter was $185, up around 83% year over year.

Financials

At the end of the quarter, Mosaic had cash and cash equivalents of $1,417.6 million, up around 32% year over year. Long-term debt fell roughly 12% year over year to $3,967.9 million.

Net cash provided by operating activities increased roughly 25% year over year to $1,015.1 million in the reported quarter.

Outlook

Moving ahead, the company noted that it expects strong agricultural trends to continue through the second half of 2021, driving demand for fertilizers. Grower economics remain attractive in most global growing regions on strong crop demand, affordable inputs and favorable weather, the company noted.

The company forecasts $90-$100 per ton improvement in average realized price in the Phosphates segment sequentially in the third quarter. For the Potash segment, $25-$35 per ton improvement in average realized prices is expected in the third quarter.

 

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed an upward trend in estimates review. The consensus estimate has shifted 59.28% due to these changes.

VGM Scores

Currently, Mosaic has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Mosaic has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
The Mosaic Company (MOS) : Free Stock Analysis Report
 
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Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Sept. 01, 2021 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX-V: SOI) announced that it has closed the first tranche of a non-brokered private placement, for aggregate gross proceeds of $787,472. In connection with the offering, the Sirios issued 6,562,266 common Flow-Through shares of the share capital of the Corporation at a price of $0.12 per Flow-Through Share.

The gross proceeds from the sale of the Flow-Through Shares will be used by the Corporation to incur eligible “Canadian exploration expenses” related to the Cheechoo, Aquilon and Maskwa gold projects of the Corporation located in Eeyou Istchee Baie James in the province of Quebec.

Finder’s fees totalling $14,000 were paid to finders in connection with this offering. The Flow-Through Shares issued pursuant to this offering are subject to a restricted hold period ending on January 1^st, 2022. The offering remains subject to the final approval of the TSX Venture Exchange. Depending on market conditions, the Corporation may decide to proceed with the closing of additional tranches of the private placement.

Each Flow-Through Share will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec). The Qualifying Expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2021.

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 renunciation of the eligible “Canadian exploration expenses” by the Corporation in favour of the subscribers no later than December 31, 2021, 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, Aquilon and Maskwa projects 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.

NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Piedmont Lithium Inc. (“Piedmont” or the “Company”) (NASDAQ: PLL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Piedmont and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

In 2020, Piedmont signed a deal to supply Tesla Inc. with lithium sourced from its deposits in North Carolina. Then, on July 20, 2021, Reuters reported that Piedmont “has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so.” Reuters further reported that “[f]ive of the seven members of the county's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected.”

On this news, Piedmont’s stock price fell $12.56 per share, or 19.91%, to close at $50.52 per share on July 20, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

VANCOUVER, BC, Sept. 1, 2021 /CNW/ – Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is pleased to announce that is has engaged Niigaani Drilling to complete a drill program at the Company's Georgia Lake lithium project in Ontario. The objective of the program is to confirm the delineated mineral resource, forming the basis for a Pre-Feasibility Study ("PFS").

The program is targeting a total of 7,800 metres over five (5) deposits: Main Zone North, Main Zone South West, Conway, Harricana and Line 60. As disclosed in a Preliminary Economic Assessment ("PEA") with an effective date of March 15, 2021, the Georgia Lake property hosts mineral resources as follows:

Bob MacDonald, General Manager of the Georgia Lake Lithium Project: "We are pleased with the progress at the Georgia Lake Project in the first half of 2021 and have commenced a Pre-Feasibility Study which is expected to be concluded in Q1 2022. We have engaged Niigaani Drilling to complete our 2021 drill programme with the focus on upgrading our confidence in the 5 main pegmatite dykes hosting spodumene in our northern land package. We are continuing to take all the necessary steps to advance the Georgia Lake Project."

Dirk Harbecke, Rock Tech CEO: "We are excited about the progress we are making and are pleased to have Niigaani Drilling on this project. We are on time to achieve our goal to deliver our first battery-grade lithium hydroxide in 2024 and be part of the electric revolution that will transform the mobility sector in the coming decade."

Furthermore, the Company announces that it has granted 475,000 stock options to directors and employees of the Company. The stock options have an exercise price of $5.05 and will expire on September 1, 2023.

The scientific and technical disclosure included in this news release has been reviewed and approved by Robert MacDonald, P.Eng., General Manager of the Georgia Lake Lithium Project, a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects ("NI 43-101").

On behalf of the Board of Directors,

"Dirk Harbecke"
Dirk Harbecke
Chairman and Chief Executive Officer

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.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-engages-niigaani-drilling-mobilizes-drill-rig-to-georgia-lake-301367355.html

SOURCE Rock Tech Lithium Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/01/c5233.html

It hasn't been the best quarter for First Quantum Minerals Ltd. (TSE:FM) shareholders, since the share price has fallen 11% in that time. But that doesn't change the fact that the returns over the last five years have been very strong. In fact, the share price is 154% higher today. To some, the recent pullback wouldn't be surprising after such a fast rise. Of course, that doesn't necessarily mean it's cheap now.

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

Check out our latest analysis for First Quantum Minerals

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace…' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

During the five years of share price growth, First Quantum Minerals moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the First Quantum Minerals share price is up 72% in the last three years. In the same period, EPS is up 177% per year. This EPS growth is higher than the 20% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

It is of course excellent to see how First Quantum Minerals has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at First Quantum Minerals' financial health with this free report on its balance sheet.

A Different Perspective

It's nice to see that First Quantum Minerals shareholders have received a total shareholder return of 94% over the last year. That's including the dividend. That gain is better than the annual TSR over five years, which is 21%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for First Quantum Minerals (of which 1 is a bit unpleasant!) you should know about.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

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

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

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

The Mosaic Company's MOS stock looks promising at the moment. The company’s shares have popped around 40% so far this year. It is benefiting from higher prices and demand for phosphate and potash.

We are positive on the company’s prospects and believe that the time is right for you to add the stock to the portfolio as it looks promising and is poised to carry the momentum ahead.

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

Let’s delve deeper into the factors that make this fertilizer maker an attractive choice for investors right now.

An Outperformer

Shares of Mosaic have rallied 70.4% over a year against the 45.9% rise of its industry. It has also outperformed the S&P 500’s 29.4% rise over the same period.

Image Source: Zacks Investment Research

Estimates Northbound

Earnings estimate revisions have the greatest impact on stock prices. Over the past two months, the Zacks Consensus Estimate for Mosaic for the current year has increased 45.3%. The consensus estimate for third-quarter 2021 has also been revised 80.6% upward over the same time frame.

Positive Earnings Surprise History

Mosaic has outpaced the Zacks Consensus Estimate in each of the trailing four quarters. In this time frame, it has delivered an average earnings surprise of roughly 43%.

Solid Growth Prospects

The Zacks Consensus Estimate for earnings for the current year for Mosaic is currently pegged at $4.68, reflecting an expected year-over-year growth of 450.6%. Moreover, earnings are expected to register a 669.6% growth in the third quarter of 2021.

Growth Drivers in Place

Mosaic is well positioned to leverage increasing global demand for fertilizers and higher realized prices in its businesses. The company expects strong agricultural trends to continue through the second half of 2021, driving demand for fertilizers. Grower economics remain attractive in most global growing regions on strong crop demand, affordable inputs and favorable weather.

The company also forecasts $90-$100 per ton improvement in average realized price in its Phosphates segment sequentially in the third quarter. For the Potash segment, $25-$35 per ton improvement in average realized prices is expected in the third quarter.

Higher crop commodity prices and healthy farm economics are driving demand for fertilizers globally. Global phosphate markets remain robust on solid demand and pricing dynamics. Tight availability along with firm demand is driving up phosphate prices globally. Potash prices have also strengthened on the back of robust global demand, aided by strong grower economics and higher crop prices.

Mosaic is also taking measures to cut costs amid a still-challenging operating environment. Its actions to improve its operating cost structure through transformation plans are expected to boost profitability. Transformational savings are also expected to drive margins in its Mosaic Fertilizantes segment.

The Mosaic Company Price and Consensus

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

Stocks to Consider

Other top-ranked stocks worth considering in the basic materials space include Nucor Corporation NUE, Olympic Steel, Inc. ZEUS and Schnitzer Steel Industries, Inc. SCHN, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Nucor has an expected earnings growth rate of 494% for the current year. The company’s shares have shot up around 152% in the past year.

Olympic Steel has a projected earnings growth rate of 2,362.2% for the current year. The company’s shares have surged around 135% in a year.

Schnitzer Steel has an expected earnings growth rate of 1,253.5% for the current fiscal year. The stock has also rallied around 141% over a year.

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The Mosaic Company (MOS) : Free Stock Analysis Report

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TORONTO, Sept. 01, 2021 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) has given notice to terminate its option agreement over the Isabella East property which previously made up part of its Isabella gold-silver project in Chile. Assay results from 9 diamond drill holes (ISB20-11 to ISB20-19) testing vein targets on the Isabella East concessions were disappointing where no further work or property payments are justified. The Company is continuing to explore its remaining 85% and 100% owned Isabella exploration concessions which are only subject to yearly maintenance payments.

The Isabella district is host to an extensive system of mineralized quartz veins located at the granite sediment contact. The quartz veins at surface are often associated with elevated gold and silver values which also occur within sericite and pyrite altered leucogranite. The Company is currently carrying out additional mapping and sampling within the volcanic package on the eastern portion of its concessions. The Company has elected to abandon drill testing of the sedimentary target. The Company will provide updates on the next phase of exploration as they become available.

Qualified Person
This press release was reviewed and approved by Sr. Marcial Vergara B.Sc. who is resident of Chile and a Qualified Person for the purpose of National Instrument 43-101 and a technical advisor to Montero.

About Montero
Montero is a junior exploration company focused on finding, exploring, and advancing significant gold deposits in Chile. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Chile. Montero’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 38,647,485 shares outstanding.

For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: ir@monteromining.com
Tel: +1 416 840 9197 | Fax: +1 866 688 4671
www.monteromining.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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections, and estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the HOA, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the HOA on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

One stock that might be an intriguing choice for investors right now is Intrepid Potash, Inc. IPI. This is because this security in the Fertilizers space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Fertilizers space as it currently has a Zacks Industry Rank of 10 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

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

Intrepid Potash, Inc. Price and Consensus

Intrepid Potash, Inc. price-consensus-chart | Intrepid Potash, Inc. Quote

In fact, over the past month, current quarter estimates have risen from 47 cents per share to 64 cents per share, while current year estimates have risen from $2.15 per share to $2.30 per share. This has helped IPI to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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To read this article on Zacks.com click here.

Zacks Investment Research

Harmony Gold Mining Company Limited HMY posted adjusted earnings of 60 cents per share for fiscal 2021 (ended Jun 30, 2021) against a loss of 10 cents recorded in the year-ago period.

Harmony Gold Mining Company Limited Price, Consensus and EPS Surprise

Harmony Gold Mining Company Limited price-consensus-eps-surprise-chart | Harmony Gold Mining Company Limited Quote

Revenues and Costs

In fiscal 2021, revenues increased 45.2% to $2,710 million from $1,867 million registered a year ago. Average gold prices received during the period rose roughly 18% year over year to $1,719 per ounce (oz).

Gold production was around 1.54 million oz for the fiscal, up around 26% year over year.

Cash operating costs per oz declined 10% to $1,213. All-in-sustaining costs (AISC) declined 13% year over year to $1,460 per oz.

Financial Overview

As of Jun 30, 2021, cash and cash equivalents declined from $367 in the year-ago period to $198 million. Cash flow from operating activities surged 99% year over year to $597 million in fiscal 2021.

Net debt was $38 million at the end of fiscal 2021, down around 52% year over year.

Outlook

Harmony Gold plans to produce 1.55-1.63 million oz of gold in fiscal 2022. The company also expects an all-in sustaining cost between R765,000/kg-R800,000/kg. Underground recovered grade is forecast in the range of 5.40-5.57g/t.

Price Performance

Shares of Harmony have declined 37.3% in the past year compared with 28.2% fall of the industry.

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

Harmony currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, Dow Inc. DOW and Cabot Corporation CBT.

Nucor has a projected earnings growth rate of around 494% for the current year. The company’s shares have soared 147.7% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Dow has an expected earnings growth rate of around 403.01% for the current year. The company’s shares have gained 27.8% in the past year. It currently holds a Zacks Rank #2 (Buy).

Cabot has an expected earnings growth rate of around 138.5% for the current fiscal. The company’s shares have rallied 39% in the past year. It currently carries a Zacks Rank #2.

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Dow Inc. (DOW) : Free Stock Analysis Report

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Cabot Corporation (CBT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

In the latest trading session, Southern Copper (SCCO) closed at $62.59, marking a -0.71% move from the previous day. This move lagged the S&P 500's daily loss of 0.14%.

Heading into today, shares of the miner had lost 2.45% over the past month, outpacing the Basic Materials sector's loss of 2.8% and lagging the S&P 500's gain of 3.13% in that time.

Investors will be hoping for strength from SCCO as it approaches its next earnings release. The company is expected to report EPS of $1.15, up 76.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.88 billion, up 35.25% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.65 per share and revenue of $11.11 billion. These totals would mark changes of +129.06% and +39.09%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for SCCO. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.57% lower within the past month. SCCO is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, SCCO is holding a Forward P/E ratio of 13.56. This valuation marks a premium compared to its industry's average Forward P/E of 12.69.

We can also see that SCCO currently has a PEG ratio of 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining – Non Ferrous industry currently had an average PEG ratio of 0.81 as of yesterday's close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 30% of all 250+ industries.

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

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report
 
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VANCOUVER, British Columbia, Aug. 31, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce changes in its management team effective September 1, 2021.

Cesar E. Velasco, Country Head Peru, has been appointed Chief Operating Officer, Latin America. Cesar has been with Fortuna since 2018 and is the designated leader for the Fortuna-Roxgold integration. A skilled executive with 23 years of global experience in the mining and manufacturing industry, Cesar has held senior management positions in large private and public multinational companies throughout Latin America, including EXSA, ENAEX–EXSA JV, and Dyno Nobel Latin America. Cesar serves as a member of the board of the Sociedad Nacional de Minería, Petroleo y Energía since 2018 and of the International Society of Explosives Engineers since 2019.

Manuel Ruiz-Conejo, Vice President of Operations, will become Senior Vice President, Mining. Manuel has been with Fortuna since 2008 and is a seasoned mining engineer and executive with 34 years of industry experience.

Carlos Manrique, Director of Innovation and Operational Excellence, has been appointed Vice President Operations, Latin America. Carlos has been with Fortuna since 2010 and has held senior management positions at each of the company's three mines in the region. Carlos's mining career spans 21 years and includes previously holding operational positions in Volcan Compañía Minera and Pan American Silver.

Jorge A. Ganoza, President and CEO, commented, “The announced changes in Management are aligned with the organizational demands of our growing business in Latin America and the integration of Roxgold in West Africa.” Mr. Ganoza continued, “I am pleased the three positions have been filled by promotions from within our organization. The three executives are not only results-oriented professionals, but also leaders who will continue driving the vision and values of the company.”

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and an advanced development project in Côte d’Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | info@fortunasilver.com

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2021) – Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to report that it has signed a Mining Rights Transfer Agreement with BHP World Exploration Inc. Sucursal del Peru ("BHP") to acquire the Kenita property in exchange for a commitment to pay a 1% net smelter returns royalty on any future production. The Kenita property comprises five exploration licenses, totalling 2,200 hectares in area, which are adjacent to and surround Lara's 400 hectare Puituco Project, located in the Huancavelica Department of Central Peru.

Lara previously reported high grade surface chip channel samples from Puituco, including 42.6m averaging 4.65% zinc, 4.86% lead and 37 g/t silver (see Lara news release of June 12, 2018 for details). The vertical orientation of the breccia feeder structures to this mineralization and its relationship with the mapped intrusives, indicate potential for the presence of a buried skarn/porphyry system. With the consolidation of the Kenita property Lara intends to extend its surface mapping and sampling and undertake geophysical surveys (Mag and IP) and define targets for a scout drilling program to test this potential.

The Puituco-Kenita property lies to the north of the Riqueza copper porphyry project, being drilled by Inca Minerals Ltd. Minera IRL Ltd.'s Corihuarmi high sulphidation epithermal gold mine and the Bethania polymetallic mine, being redeveloped by Kuya Silver Corp., also lie on the same trend to the northwest of Puituco-Kenita.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA."

Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this news release.

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94881

VANCOUVER, BC, Aug. 31, 2021 /CNW/ – Rock Tech Lithium Inc. (TSXV: RCK) (the "Company" or "Rock Tech") is pleased to announce it has engaged Evercore Group L.L.C. ("Evercore") to act as the Company's financial and capital markets advisor.

"We are excited to work with Evercore as we realize our ambition of becoming a leading lithium hydroxide producer in multiple jurisdictions," said Dirk Harbecke, Rock Tech's Chairman and Chief Executive Officer. "Evercore's global reach and sector experience will be a valuable asset to our management team as we advance our projects around the world."

Evercore will provide advisory services in connection with evaluating strategic and financial alternatives and will earn and be paid fees contingent upon the completion of any related transactions.

On behalf of the Board of Directors,

"Dirk Harbecke"
Dirk Harbecke
Chairman and Chief Executive Officer

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.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward–looking statements". Forward–looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward–looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward–looking statements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-engages-evercore-as-financial-and-capital-markets-advisor-301365889.html

SOURCE Rock Tech Lithium Inc.

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REGINA, SASKATCHEWAN / ACCESSWIRE / August 31, 2021 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK) is pleased to announce that it has entered into an Exploration Management Agreement with Hub City Minerals Corp. ("Hub City Minerals") dated July 23, 2021 (the "Agreement") wherein ROK has been issued, for nil consideration, a twenty-five (25%) percent carried interest (the "Carried Interest") in a private entity, Hub City Lithium Corp. ("Hub City Lithium"). The remaining seventy-five (75%) percent of Hub City is owned by Hub City Minerals. Hub City Lithium currently holds 119,739 acres (48,457 hectares) of Subsurface Crown Mineral Dispositions in Saskatchewan (the "Property"), and wishes to explore potential lithium resource prospects with the Property.

Under the terms of the Agreement, Hub City Lithium's operations will be managed by a management committee consisting of four members, three of whom will be appointed by Hub City Minerals and one of whom will be appointed by the Company. Subject to direction from the management committee, the Company will manage and administer the following objectives in relation to the Property ("Objectives"):

• Identify & acquire additional strategic lithium land prospects;

• Complete multi‐layer perforation and flow testing of a wellbore;

• Obtain samples and conduct test for lithium concentrations;

• Identify a location for a pilot project;

• Identify a strategic partner to negotiate a lithium extraction technology pilot project;

• Obtain a third party NI 43‐101 resource report; and

• Facilitate the completion of a preliminary economic assessment.

The Objectives will be wholly funded by Hub City Minerals, up to a total amount of $1,500,000 (the "Capital Allocation"). Any costs that exceed the Capital Allocation will then be proportionally financed by each of ROK and Hub City Minerals based on their proportionate ownership of Hub City Lithium. Alternatively, either ROK or Hub City Minerals may elect to proportionally reduce or increase their ownership in Hub City Lithium for any portion of additional costs above the Capital Allocation. The Agreement has an indefinite term, but may be terminated by ROK on three months' notice to Hub City Minerals, and ROK may be removed as Manager, without affecting its ownership interest in Hub City Lithium, in certain circumstances including if ROK fails to meet its obligations under the Agreement.

Jared Lukomski, Senior Vice President Land and Business Development, stated, "ROK recognizes and values the evolving energy landscape and is excited about its partnership with Hub City Lithium. By capturing a vast amount of prospective lithium lands, Hub City is well positioned to benefit from the emerging lithium extraction industry in Saskatchewan. ROK looks forward to sharing the results of Hub City's operations with its shareholders."

About ROK
ROK is primarily engaged in exploring for petroleum and natural gas development activities in Saskatchewan. Its head office is located in Regina, Saskatchewan, Canada and ROK's common shares are traded on the TSX Venture Exchange under the trading symbol "ROK."

For further information, please contact:
Cameron Taylor, Chairman and CEO
Lynn Chapman, CFO
Phone: (306) 522-0011
Email: info@rokresources.ca

Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's objectives, goals or future plans with respect to pursuing the Objectives and the expectations regarding the expected results thereof. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in ROK's public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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

SOURCE: ROK Resources Inc.

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VANCOUVER, BC / ACCESSWIRE / August 31, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") announces that it owns 40% of the outstanding shares of Broden Mining Ltd. ("Broden"), a private company that is working with Ross River Dena Council ("RRDC") to complete the acquisition of a large package of land ("Vangorda Lands") in the Faro mining district, southern Yukon (Figure 1). The Vangorda Lands host several deposits containing zinc, lead, silver and other valuable metals, and there is excellent potential for additional discoveries (see joint news release with the Government of Canada, Ross River Dena Council and private entity Broden Mining dated August 30, 2021).

"Strategic and its partners have been working on this acquisition for several years and we consider it to be one of, if not the most important milestones in the history of the Company," states Doug Eaton, CEO of Strategic. "The deposits on the Vangorda Lands are some of the largest and richest zinc-lead-silver prospects in Canada and they benefit from excellent infrastructure. We anticipate working closely with our partners to bring this important mining district back into production."

There are five known mineral deposits on the Vangorda Lands and adjacent Silver Range Project, plus several less-explored prospects. The largest deposits are Grum, Grizzly and Keg. The known deposits collectively contain more than 5.38 billion pounds of zinc, 3.54 billion pounds of lead, 111 million ounces of silver and 870,000 ounces of gold, in all resource categories (see attached table for details). The reader is cautioned that the resource estimates are historical in nature.

Broden and RRDC have formed Tze Zul Development Corporation as the vehicle to explore the Vangorda Lands and, if warranted, develop the deposits. The parties have an agreement in principal with Canada and Yukon concerning the acquisition of mineral rights within the Vangorda Plateau portion of the Faro Mine reclamation area and claims that are under receivership, to the southeast of the Vangorda Plateau. There is also an agreement with Silver Range Resources Ltd. ("Silver Range") concerning acquisition of a 100% interest in a large claim block that lies north of the Vangorda Lands. Tze Zul will not be acquiring any rights or obligations concerning the remainder of the Faro Mine reclamation area, which covers the former Faro Mine, the old mill complex and the tailings storage facility. Figure 2 shows the location of the various components of the land package, along with the location of former mines and mineral deposits.

Strategic's interest in Broden is increased indirectly by its 18.1% shareholding in Silver Range, which owns 10% of Broden and retains a net smelter return interest in mineral production from its mineral claims in the area (see Silver Range Project on Figure 2).

Technical information in this news release has been reviewed and approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and a qualified person for the purposes of National Instrument 43-101.

About Strategic Metals Ltd.

Strategic is a project generator with 11 royalty interests, 8 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of over $8 million and large shareholdings in a number of active mineral exploration companies including 38.5% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.6% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.1% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio, excluding Broden is approximately $21 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:

Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.

Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

The Vangorda Lands and adjacent Silver Range Project host five known mineral deposits and several less-explored prospects. A summary of the known deposits is shown in the table below.

All resources and reserves shown in the above table are historical in nature and have not been validated at this time and are considered to have been estimated using industry best practices at the time.

• The Keg Deposit resources are stated in a 2017 NI 43-101 technical report by Silver Range Resources.

• Reserves and resources for the Grizzly, Vangorda, and Grum Deposits can be found in Anvil Range Mining Corporation's 1996 Annual Information Form, which is available on SEDAR.

• Resources for Swim are taken from the CIM Special Volume 37 and predate NI 43-101 reporting.

SOURCE: Strategic Metals Ltd.

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* Andrew Forrest's Wyloo raises bid for Noront

* Wyloo bids C$0.70 a share vs BHP's C$0.55

* BHP to waive standstill clause for Wyloo to conduct due diligence (Adds details from BHP, Noront statements)

Aug 31 (Reuters) – BHP Group said on Tuesday it would consider matching a raised bid by billionaire Andrew Forrest's Wyloo Metals for nickel miner Noront Resources Ltd as the two tussle for the supply of a key battery metal used in electric vehicles (EV).

The statement follows Wyloo indicating it was willing to pay 27% more than what BHP had offered for the Canadian company, proposing that it could keep Noront public or buy out the remaining shares it does not already own.

At stake in the scramble for Noront is the Eagle's Nest nickel asset in Canada's so-called Ring of Fire, a high-grade deposit of the metal, as well as copper and palladium.

Wyloo's proposed sweetened bid of C$0.70 per share, up from C$0.315, compares with an offer of C$0.55 per share from BHP in July.

The Forrest-owned company is Noront's largest shareholder with a stake of around 24%, according to Refinitiv data, and has said it would not support the Anglo-Australian firm's bid.

BHP said in a statement on Tuesday it would "consider its alternatives if a competing offer does materialize, including its right to match any superior proposal."

Noront said it continues to back BHP's offer as Wyloo has yet to make a binding offer.

A bone of contention in Wyloo gaining access to due diligence on Noront has been a standstill clause that BHP said it would waive.

($1 = 1.2606 Canadian dollars) (Reporting by Nikhil Kurian Nainan, additional reporting by Riya Sharma and Savyata Mishra in Bengaluru; Editing by Shounak Dasgupta and Aditya Soni)

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2021) – Full Metal Minerals Ltd. (TSXV: FMM) ("Full Metal" or the "Company") is pleased to provide the following corporate update.

Olivine Mountain

The Company is planning to commence work on its Olivine Mountain property, this will include expanding geochemical sampling and geological mapping to assist future drill hole targeting.

Full Metal has the option to earn a 60% interest in Olivine Mountain, with GSP Resource Corp. ("GSPR") retaining 40% interest. GSPR will be the operator for exploration programs determined by Full Metal.

The Olivine Mountain property is in southern British Columbia, approximately 25 km west of Princeton, BC and about 8 km west of the community of Coalmont. The Property consists of 29 contiguous MTO mineral titles in the Similkameen Mining Division, and covers an area of 3,022 hectares. The Property can be reached via the Coalmont Road from Princeton to Coalmont, followed by the well-maintained Blakeburn forestry service road, for about 16 kilometres to the Property. For more information, see the Company's news release dated April 29, 2021.

Project Search

The Company is actively reviewing high quality early to advanced stage precious metal mineral projects. The Company is reviewing several projects and continues to seek opportunities.

Vendetta Mining Loan

As previously disclosed in the Company's management, discussion and analysis, and new release dated April 29, 2021, the Company previously advanced loans in the aggregate of $182,000 (the "Loan") to Vendetta Mining Corp. ("Vendetta") pursuant to promissory notes entered into on May 10 and May 31, 2019. The Company is pleased to announce that Vendetta has repaid the Loan in full, including the accrued interest.

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter Voulgaris"

Peter Voulgaris
President/CEO and Director

For more information please contact:

Peter Voulgaris
604-484-7855

Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Telephone: 604-484-7855 Fax: 604-484-7155
Email info@fullmetalminerals.com
www.fullmetalminerals.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.

Cautionary Note Regarding Forward-Looking Statements: This press release includes certain forward-looking statements and forward-looking information (together, "forward-looking statements"). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding, the Olivine Mountain property and the pursuit of precious metal mineral projects and other opportunities are forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include inability to complete work on the Olivine Mountain property and inability to secure precious metal mineral projects and other opportunities. The forward-looking statements in this press release were developed based on the assumptions and expectations of management, including that the Company will be able to complete work on the Olivine Mountain property as anticipated and the Company will be successful in securing precious metal mineral projects and other opportunities as anticipated. 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.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction, including the United States. The securities referenced in this press release 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 account or benefit of, a "U.S. person," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration requirements is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95106