TORONTO, CANADA – August 31, 2021 – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Norton Gold Fields Pty Ltd. (ASX: NGF) (“Norton Gold”), Zijin Mining Group Co., Ltd. (HKSE: 2899) (“Zijin Mining”), Silver Mines Limited (ASX: SVL) (“Silver Mines”), Jangada Mines plc (LON: JAN) (“Jangada”), Venturex Resources Limited (ASX: VXR) (“Venturex”) and Alamos Gold Inc. (TSX: AGI) (“Alamos”).

Riaan Esterhuizen, Executive Vice President – Australia stated, “The last month has delivered a significant number of value enhancing organic developments for our royalty properties, most notably the commencement of construction at the A$462M Binduli heap leach expansion project by Norton Gold. This Binduli expansion was the key near-term catalyst that Vox management anticipated when we acquired the Janet Ivy royalty in March 2021. Additional engineering study progress at Bowdens and Pitombeiras, combined with drilling success across numerous properties capped off a very exciting month for our royalty projects.”

Summary of Development and Exploration Updates

• Construction commenced at Janet Ivy expansion project Binduli North by Zijin Mining subsidiary Norton Gold;

• Scoping study begins on underground mining scenarios at Bowdens silver project by Silver Mines;

• 45% increase in total mineral resource estimates at Pitombeiras by Jangada;

• A$10M drill program underway and final project approvals targeted in 2022 for the Sulphur Springs project by Venturex; and

• Continued drilling and permitting update at Lynn Lake (MacLellan) by Alamos.

Janet Ivy (Producing) – Binduli North Expansion Construction Commencement

• • Vox holds a A$0.50/tonne production gold royalty over the Janet Ivy project, acquired in March 2021;

  • Upon full commercial production Binduli will be the largest heap leach project in Australia, according to Norton Gold detailed design engineering partner CPC Engineering’s announcement on February 3, 2021;

  • On August 1, 2021, Zijin Mining announced that:

    • The project design, application for permits and licenses and other preparatory work of the Binduli North heap leaching project (royalty-linked) have been completed and the construction has commenced in June 2021;

    • Application for permits and licenses for Binduli South heap leaching project (non-royalty linked) is being studied and taking place;

    • After completion of all the Binduli construction work and upon reaching designated production capacity, approximately 7 tonnes of gold (approximately 225,000 ounces) can be produced in peak years;

    • Total capital cost of the combined Binduli expansion is A$462 million, with investment in the project during the first half of 2021 of RMB 0.43B (A$90 million);

  • Zijin Mining previously announced on April 28, 2020 that the “first phase of the Binduli North heap leach project is expected to complete construction and commence production in March 2022”; and

  • Vox management has commissioned the preparation of an independent NI43-101 compliant Technical Report on Janet Ivy as a result of this material development at the Binduli North heap leach project. This Technical Report is expected to be released in September 2021.

Vox Management Summary: The Binduli North heap leach expansion is expected to re-rate Janet Ivy royalty revenues from 2022 onwards. This royalty has the potential to generate A$1.5M – A$2.5M of annual revenues from Binduli North production on average across the life of mine and assuming a target production rate from Norton Gold of 5Mtpa from Binduli North. Based on ongoing labour shortages in Western Australia, Vox management expects first production from Binduli North in late 2022.

Bowdens (Feasibility) – Underground Scoping Study and Q2 2021 Drilling Update

• • Vox holds a 0.85% gross revenue royalty on the Bowdens silver-lead-zinc project and a 1% gross revenue royalty over surrounding regional exploration tenure;

  • On August 5, 2021, Silver Mines announced the following underground scoping study:

    • With ongoing outstanding drilling success, a Scoping Study for potential underground mining scenarios at Bowdens Silver has commenced;

    • The Scoping Study is separate to and does not affect the current late-stage approval process for Bowden’s Silver open-pit development;

    • An underground Mineral Resource preliminary assessment has also commenced and will operate concurrently with the 30,000m diamond drilling program;

    • Recent drilling at the Northwest High-Grade Zone, the Aegean Zone and the Bundara Zone has demonstrated considerable high-grade potential immediately beneath the current Ore Reserve for the proposed open-pit mine development;

    • The reporting of drilling results will continue until at least the end of the 2021 calendar year;

    • The Mineral Resource assessment and Scoping Study will be complete post the drilling phase, likely in the March quarter 2022; and

    • Drilling continues with four rigs operational on site.

  • On July 27, 2021, Silver Mines announced the following drilling update:

    • Initial results from the 30,000m drill program at Bowdens continues to define potential resources for underground mining scenarios, with a focus on the Northwest high-grade and Aegean zones;

    • BD21006 results drilled east of the Northwest high-grade zone include:

      • 2.0 metres @ 443 g/t silver equivalent (146 g/t silver, 3.80% lead, 3.43% zinc and 0.25 g/t gold) from 212 metres; and

      • 8.3 metres @ 354 g/t silver equivalent (276 g/t silver, 2.15% lead, 0.10% zinc and 0.31 g/t gold) from 263 metres;

    • BD21011 results returned from the Northwest high-grade zone include 13.0 metres @ 264 g/t silver equivalent (188 g/t silver, 1.66% lead, 0.40% zinc) from 207 metres;

    • Results from BD21007, show potentially significant 200 metres of extension to the southeast of the Bundarra zone include 6.0 metres @ 311 g/t silver equivalent (35 g/t silver, 3.60% zinc, 2.87% lead and 0.60 g/t gold) from 267 metres; and

    • Drilling continues with the 30,000m program with four rigs operational on site and which is expected to continue until at least the end of 2021.

Vox Management Summary: This underground scoping study presents volume and royalty revenue upside to the June 2018 feasibility study results, which imply, based on management assumptions, a 16 year mine life generating annual open pit royalty revenues of A$1M – A$1.5M on average during the life of mine. We look forward to additional updates from Silver Mines regarding final open pit permitting over the coming year.

Pitombeiras (PEA Stage) – PEA Update and Drilling update(1)

Vox holds a 1% net smelter royalty over the Pitombeiras vanadium-iron ore project;

• On July 29, 2021, Jangada announced that:

  • It has completed a consolidated updated National Instrument 43-101 compliant resource estimate, comprising the results obtained to date from the Pitombeiras North and South and Goela targets;

  • Total Mineral Resource Estimate (“MRE”) of 8.26Mt, representing an increase of 45%, with 62% now classified as Measured and Indicated;

  • The Mineral Resource classification resulted in Measured & Indicated Resources of 5.10Mt at 0.46% V2O5, 9.04 % TiO2 and 46.06% of Fe2O3, and Inferred resource of 3.16Mt at 0.44% V2O5, 9.00% TiO2 and 45.86% of Fe2O3;

  • Vanadiferous Titanomagnetite mineralisation continues to be open and drilling to date been conducted on only 3 of 8 known targets;

  • Due to the significantly larger MRE with higher category confidence levels from that previously reported and extensive other work undertaken, Jangada will now be issuing a Definitive Feasibility Study in Q3 2021, rather than an upgraded economic study; and

  • Jangada is fully funded for its existing work programme and intends to proceed to mine development, with first production as early as the first half of 2022.

Vox Management Summary: The fast-tracking of the Pitombeiras project to definitive feasibility study in Q3 2021 and initial production in H1 2022 continues to exceed Vox management expectations. The 45% increase in the resource estimate and improved resource category confidence levels increases Vox’s confidence in Jangada management’s ability to bring this project into production in 2022.

Sulphur Springs (Pre-Construction) – A$10M drill program, Resource Update & Final Project Approvals 

• • Vox holds a A$2/tonne production copper-zinc royalty (A$3.7M royalty cap) on the Sulphur Springs project and an effective A$0.80/tonne production royalty on the Kangaroo Caves deposit, which is part of the combined Sulphur Springs project; 

  • On July 29, 2021, Venturex announced that:

    • It has commenced a A$10M drilling program to de-risk and grow the Sulphur Springs copper-zinc project;

    • Infill drilling is underway with the aim of upgrading the majority of Inferred Resources to the Indicated category;

    • It will undertake a significant drill program to test for extensions to the known resource and mineralisation boundaries;

    • A resource update is targeted to be completed by the end of June 2022; and

    • In parallel with the drilling, Venturex will continue to complete the remaining project approvals, which are also expected by the second half of 2022.

Vox Management Summary: The new management team at Venturex, led by Northern Star Resources co-founder Bill Beament, is actively progressing the Sulphur Springs project, which Vox expects will lead to a final investment decision in the second half of 2022. The A$10M drilling program offers further upside to the current mineral resource.

Lynn Lake (MacLellan, Feasibility) – Q2 2021 Drilling and Permitting Update

• • Vox holds a 2% gross revenue royalty (post initial capital recovery) on part of the MacLellan deposit at the Lynn Lake gold project;

  • On July 28, 2021, Alamos announced that it continues to advance permitting at the Lynn Lake project, with approval of its Environmental Impact Statement expected mid-2022 and during the second quarter of 2021, 9,396m of drilling was completed in 44 holes at MacLellan and surrounding non-royalty linked targets. 

Vox Management Summary: Alamos has again reiterated a construction decision deadline for Lynn Lake of mid-2022. Alamos is guiding its investors to first production from Lynn Lake in 2024, based on its latest July 2021 corporate presentation.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting Limited and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox 

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.   

For further information contact:

 

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results “ may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. 

The forward-looking statements and information in this press release include, but are not limited to, summaries of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of resource production from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox’s mining operator partners, the receipt of future royalty payments derived from various royalty assets of Vox, anticipated future cash flows and future financial reporting by Vox and requirements for regulatory approvals. 

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. 

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the 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.

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

References & Notes:

1. The 20 July 2021 updated Mineral Resource Estimate of the Pitombeiras Project is the responsibility of Mr. Mauricio Prado. MSc. Geo. MAIG, Qualified Person as defined by NI 43-101 guidelines, independent geological consultant contracted by Jangada Mines Plc. Mr. Prado is partner and principal consultant with BS Geo e Min Ltda., a Brazilian geology consulting company based on Goiânia, Brazil.

2. The anticipated revenue information presented in this press release is preliminary, based on management estimates, and may change materially.

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MONTREAL, Aug. 31, 2021 (GLOBE NEWSWIRE) — The management of Mosaic Minerals Corp. (“Mosaic” or the “Company”) (CSE: MOC) is pleased to announce the nomination of Mr. Jonathan Hamel as President and Chief Executive Officer effective immediately.

Mr Hamel is President and CEO at Bullion Gold Resources Corporation (TSX-V : BGD), Secretary of the Board of Vanstar Mining Resources Inc (TSX-V : VSR) since 2020. He acted as Interim President and CEO during management transition in 2020. He was also a Director at Vanstar from 2018 to 2021. In addition to his 20 years of management experience, Mr. Hamel sits on the Board of Directors of the Montreal Economic Institute, a globally recognized independent public policy think tank focused on proposing reforms based on market principles and entrepreneurship as well as Guest Lecturer at École des dirigeants – HEC Montréal. Mr Hamel served on the Financial Technology Innovation Committee of L’Autorité des Marchés Financiers (Québec) from 2017 to 2020. Mr. Hamel will also join the Board of Directors of The Company replacing Mr. Guy Morissette who will continues to advise the Company as an external consultant.

The management is also pleased to announce the nomination of Mr. Jean Rainville as Director of The Company. Mr. Rainville has over 40 years of experience in the mining industry and financial markets. From 2008, his principal occupation was President and CEO of Blackrock Metals Inc. In 2018, Mr. Rainville ceased to serve as CEO, while retaining his position as President until late 2019, at which time he became a consultant. Previously, Mr. Rainville worked as an engineer, a fund manager and a director of corporate finance and has also served as a director or advisor for several public companies including Bonterra Resources Inc (TSX-V : BTR) and Fokus Mining Inc. (TSX-V: FKM). He holds bachelor’s degrees in Mining Engineering and Commerce, both from McGill University.

Grant of Stock Options
The Company also announces that incentive stock options have been granted to directors, officers, and consultants to purchase up to 1,100,000 common shares at a price of $0.095 per share for five years, pursuant to its Stock Option Plan. The Company currently has 42,678,500 shares issued and outstanding, along with 4,050,000 options (including the options described above) and 9,924,500 warrants outstanding.

Related-Party Transaction

An Insider of the Corporation subscribed for an aggregate of 100,000 Units for gross proceeds of $7,000.00 under the Private Placement (the 'Insider Subscriptions') disclosed on August 26, 2021. The Insider Subscriptions constitute 'related party transactions' within the meaning of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions ('MI 61-101'). The Corporation has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 in respect of the Insider Subscriptions.

About Mosaic Minerals Corporation
Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Security Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper-Nickel-Zinc deposits in priority on the Quebec Province territory which have a long and successful history of base metal production principally in the Rouyn-Noranda, Matagami, Vald’Or and Chibougamau mining camps.Exploring for base metal was put on hold a few decades ago to the profit of exploring for gold but thepotential for discovering large Cu, Zn, Ni deposits is still very present.

On Behalf of the Board
M. Jonathan Hamel
President & CEO
jhamel@mosaicminerals.ca

This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Philadelphia, Pennsylvania–(Newsfile Corp. – August 31, 2021) – Berger Montague is investigating securities fraud allegations against Piedmont Lithium Inc. ("Piedmont" or the "Company"). The Firm is investigating these claims on behalf of investors who purchased Piedmont securities (NASDAQ: PLL) between March 16, 2018 and July 19, 2021 (the "Class Period").

If you purchased Piedmont securities during the Class Period, would like to discuss Berger Montague's investigation, or have questions concerning your rights or interests, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Michael Dell'Angelo at mdellangelo@bm.net or (215) 875-3080, or fill out the form on www.bergermontague.com/piedmont.

Whistleblowers: Anyone with non-public information regarding Piedmont is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.

According to a recently filed lawsuit, Piedmont misrepresented and concealed material information concerning Piedmont's progress toward obtaining necessary permits and zoning variances to build a large lithium mine in Gaston County, North Carolina. Specifically, Defendants failed to disclose that Piedmont: (1) had not secured all proper and necessary permits, (2) did not inform relevant government authorities of its actual plans, (3) did not file proper applications with state and local authorities, and (4) did not have "strong local government support."

On July 20, 2021, investors began to learn the truth when Reuters published a report indicating that Piedmont had not even applied for the necessary mining permit or zoning variances, and that five of the seven members of the Gaston County's board of commissioners were likely to block or delay the project because, among other things, Piedmont had not informed them of the environmental impact of the project. On this news, Piedmont shares fell $12.56 per share over the trading day, or nearly 20%, injuring investors.

Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contacts

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net

Michael Dell'Angelo, Managing Shareholder
Berger Montague
(215) 875-3080
mdellangelo@bm.net

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95061

TORONTO, August 31, 2021–(BUSINESS WIRE)–Nickel 28 Capital Corp. ("Nickel 28" or the "Company") (TSXV: NKL) (FSE: 3JC) has released its results for the three-month period ended June 30, 2021.

"In addition to another exceptionally strong quarterly performance from Ramu, the Company believes it has reached a significant milestone and repaid its operating debt based on Ramu Mine’s continued exceptionally strong results," stated Anthony Milewski, chairman of the board. He continued, "we would like to thank our partners at Ramu, MCC, for their continued outstanding financial and production results from Ramu."

Q2 2021 Highlights

The Company’s principal asset, an 8.56% joint-venture interest in the Ramu Nickel-Cobalt ("Ramu") integrated operation in Papua New Guinea, continued to have another strong quarter in terms of sales and cash flow. Highlights from Ramu during the quarter include:

– Expected repayment of the Company’s operating debt from Ramu’s quarterly results, the first of two debt tranches from Ramu, which triggers cash-flow to the Company.

– Nickel 28’s cash generation from Ramu in Q2 2021 of US$7.7 million.

– Project revenue in Q2 2021 of over US$218 million, as a result of strong nickel/cobalt commodity prices and improved payability for mixed hydroxide (MHP).

– Quarterly sales of 10,975 tonnes of contained nickel and 1,004 tonnes of contained cobalt in MHP.

– Quarterly production of 7,773 tonnes of contained nickel and 718 tonnes of contained cobalt in MHP placing Ramu as the number one producer of MHP globally.

– Average cash costs for the quarter, net of by-product credits, of US$2.83/lb. of contained nickel.

Nickel 28 Highlights:

– Strong quarter end cash balance of US$4.6 million, providing ample liquidity for the Company.

– Non-recourse joint-venture debt, as of June 30, 2021, of US$94.0 million, consisting of US$10.2 million of operating debt and US$83.8 million of construction debt. The Company’s semi-annual repayment of joint-venture debt from Ramu’s H1 2021’s cash flow generation is expected to be finalized in the next 6 weeks and the Company believes this cash flow will be in excess of the remaining operating debt of US$10.2 million.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements and figures with respect to the operational and financial results; statements with respect to the prospects of nickel and cobalt in the global electrification of vehicles; statements related to the repayment of the Company’s Ramu operating debt; statements related to the production impacts of the Covid-19 pandemic; and statements with respect to the business and assets of the Company and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005340/en/

Contacts

Investors:

Nickel 28 Investor Relations
Tel: 647.846.7765
Email: info@nickel28.com

The infrastructure bill is making its way through Congress and that sets up possibilities for moves in stocks and ETFs.

MELBOURNE (Reuters) – Global miner BHP Group is mulling whether to make vaccinations for COVID-19 mandatory at its workplaces in Australia as the country's east battles ballooning virus cases.

The world's biggest miner on Monday set out measures it was taking to support vaccination in communities where it operates including on-site jabs at its Mt Arthur Coal Mine in New South Wales state that are to begin this week.

The state has become the epicentre of Australia's current coronavirus outbreak, having declared a record 1,290 new cases on Monday as the nation struggles to contain the highly contagious Delta variant.

Although Australia has used a system of strict lockdowns and quarantine to keep coronavirus infection and death rates lower than in most comparable nations, the Delta variant is now pressuring health services. Residents of its two biggest cities have been on strict lockdown for more than a month.

BHP said in a statement that it was actively assessing vaccination as a condition of entry to its workplaces.

"As vaccinations become more accessible to all Australians, we have been encouraging our people to better protect themselves and their families and communities, and we will look for further opportunities to increase access and uptake of vaccinations," Edgar Basto, who runs BHP's Minerals Australia business, said.

BHP expects to complete its assessment in September, with a policy likely to come into effect in early 2022, once people have had a reasonable opportunity to be fully vaccinated.

The miner is funding a new vaccine hub in central Queensland near its coal joint venture with Mitsubishi Corp, and is working with South Australian health authorities to establish a mobile clinic near its Olympic Dam copper mine.

It is also working with health officials in Western Australia to support vaccine rollouts in the Pilbara region, the heart of its iron ore operations, it said.

(Reporting by Melanie Burton in Melbourne; Editing by Matthew Lewis)

(Bloomberg) — Fortescue Metals Group Ltd. is planning to unveil targets for reducing the carbon footprint of its biggest customers, marking a shift in approach for the world’s no. 4 exporter of iron ore.

The firm will follow rivals including Rio Tinto Group and BHP Group in setting specific goals to cut so-called scope 3 emissions, which in Fortescue’s case are generated by steel-makers using the company’s iron ore. Founder and chairman Andrew Forrest was previously not in favor of setting such benchmarks.

“Fortescue resisted setting Scope 3 targets until it had a concrete plan that could really help its customers decarbonize,” Forrest said on the media call following the company’s annual results. More details, including the targets, will be unveiled by September 30.

Global resources companies are under increasing pressure to be more accountable for emissions beyond their own operations, with powerful investors including Norway’s $1.3 trillion sovereign wealth fund threatening to drop firms that don’t meet their environmental standards.

Efforts to reduce scope 3 emissions should focus on developing technology to make climate-friendly steel cheaper, Forrest said. He has previously predicted that the coal-fired blast furnace still dominating the steel industry will be obsolete by 2050, and is investing in projects to supply hydrogen that could help to decarbonize the sector.

Gas Powered

The company will set aside 10% of annual profit to invest in hydrogen, ammonia and other green industrial projects backed by renewable power, marshaled by its Fortescue Future Industries division. Forrest’s plan is to supply over 15 million tons of hydrogen, produced from renewable power, by 2030.

Rio Tinto said in February it would collaborate with customers to reduce the carbon intensity of steel-making by at least 30% by 2030, and aim for carbon-neutral steel-making by 2050. BHP Group also has targets for reducing scope 3 emissions.

Fortescue has been working with buyers “for some time” on reducing their emissions, Chief Executive Officer Elizabeth Gaines said on the same call. The Perth-based company is targeting net-zero greenhouse gases from its own operations by 2030, well ahead of a 2050 goal set by Rio and BHP.

Fortescue’s scope 3 emissions — the bulk of which come from the steel manufacturing process — were 252 million tons of CO2-equivalent in its 2021 fiscal year, according to its latest climate change report. That compares to gross operational emissions — scopes 1 and 2 — of 2.2 million tons.

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Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report titled "Metates Sulphide Heap Leach Project – Phase 1" with an effective date of August 30, 2021 (the "Technical Report"). The Technical Report is available for review on SEDAR (www.sedar.com) and the Company's website (www.chesapeakegold.com).

Project Update:

The Company has shipped the selected drill core samples from Metates to the lab in Vancouver to begin metallurgical testwork in September. The Company will prioritize the intrusive and intrusive breccia portions of the Metates orebody with results of the testwork to be released on an ongoing basis. First results are expected in early Q1 2022.

Alan Pangbourne, CEO of Chesapeake Gold, added, "To prepare for a large and extensive metallurgical testwork program on recently drilled core, the Company set up a procedural trial on previous Metates core that had been held in storage. The composite being tested was an intrusive ore sample crushed to a nominal size of P80 = 13 mm. The column photos of the ore show a distinct change in colour, from gray to yellow-brown as it oxidizes from the heap leach technology. We look forward to monitoring and proving the sulphide heap leach technology is a viable process alternative for Metates."

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About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with measured and indicated resources of 1,365 million tonnes grading 0.5 grams per tonne gold and 12.8 grams per tonne silver, representing over 20 million ounces of gold and 560 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at invest@chesapeakegold.com or +1-604-731-1094.

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

Forward-looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the economic and project parameters presented in the PEA, including IRR, AISC, NPV, and other costs and economic information, the strategic plans, timing and expectations for the Company's exploration and drilling programs at the Metates Property, including metallurgical testing, mineralization estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a pre-feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Metates Property. 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: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability and costs of mining equipment and skilled labour; timing and amount of expenditures related to drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94832

Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (the "Company" or "GoviEx") today announced that its CEO, Daniel Major, will present at the Power Players Investor Forum to be held (virtually) August 31, 2021 – the Company's presentation will be at 9:00 AM (EST) and consist of a 20-minute formal description of the Company and its financial position, followed by a 20-minute Q&A session moderated by Noble Capital Markets senior equity research analyst, Michael Heim.

The presentation can be accessed by registering (at no cost) for the Investor Forum at www.channelchek.com; the investor portal created by Noble. The video webcast will be later archived on Channelchek as part of its C-Suite Series www.channelchek.com/c-suite, and on its YouTube channel: www.youtube.com/channelchek.

Registration for the live event may be limited but access to the replay after the event will be on the Company's website www.goviex.com.

About GoviEx Uranium Inc.

GoviEx (TSXV: GXU) (OTCQB: GVXXF) is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Information Contacts

Govind Friedland, Executive Chairman
Daniel Major, Chief Executive Officer
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Note to United States Persons: The disclosure contained herein does not constitute an offer to sell or the solicitation of an offer to buy securities of GoviEx Uranium Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94968

NEW YORK, NY / ACCESSWIRE / August 30, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

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

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

Learn about your recoverable losses in PLL: https://www.kleinstocklaw.com/pslra-1/piedmont-lithium-inc-loss-submission-form?id=19112&from=1

AdaptHealth Corp. f/k/a DFB Healthcare Acquisitions Corp. (NASDAQ:AHCO)
Class Period: November 11, 2019 – July 16, 2021
Lead Plaintiff Deadline: September 27, 2021

The AHCO lawsuit alleges AdaptHealth Corp. f/k/a DFB Healthcare Acquisitions Corp. made materially false and/or misleading statements and/or failed to disclose during the class period that: (i) AdaptHealth had misrepresented its organic growth trajectory by retroactively inflating past organic growth numbers without disclosing the changes, in violation of Securities and Exchange Commission regulations; (ii) accordingly, the Company had materially overstated its financial prospects; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in AHCO: https://www.kleinstocklaw.com/pslra-1/adapthealth-corp-f-k-a-dfb-healthcare-acquisitions-corp-loss-submission-form?id=19112&from=1

Koninklijke Philips N.V. (NYSE:PHG)
Class Period: February 25, 2020 – June 11, 2021
Lead Plaintiff Deadline: October 15, 2021

According to the complaint, Koninklijke Philips N.V. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Philips had deficient product manufacturing controls or procedures; (ii) as a result, the Company's Bi-Level PAP and CPAP devices and mechanical ventilators were manufactured using hazardous materials; (iii) accordingly, the Company's sales revenues from the foregoing products were unsustainable; (iv) the foregoing also subjected the Company to a substantial risk of a product recall, in addition to potential legal and/or regulatory action; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in PHG: https://www.kleinstocklaw.com/pslra-1/koninklijke-philips-n-v-loss-submission-form?id=19112&from=1

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

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

CONTACT:

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

SOURCE: The Klein Law Firm

View source version on accesswire.com:
https://www.accesswire.com/661992/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-PLL-AHCO-and-PHG

Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") provides an update on its ongoing 2021 exploration program at its Ranch gold property in Northern British Columbia. The initial drilling which began in early August has proven successful by confirming consistency with historical high-grade drill intercepts and is exhibiting sulphide and visible gold. Also, the exploration program has added an additional diamond drill rig at the Ranch Gold-Copper Project (the "Property"), bringing the number of drill rigs on site to two. Soil sampling and rock prospecting campaigns are nearing completion, geophysical surveys are progressing, and sample shipments are ongoing with early drill results expected in the coming weeks.

To date, drilling has focused on confirmation and infill holes at the high-grade Bonanza zone and will progress to high-priority exploration targets in the near-term with the addition of a second drill rig.

Exploration Program Update

• Drilling

  • Initial drilling at Bonanza has intersected broad zones of vuggy silica and intense quartz-alunite alteration with coincident abundant sulphides consistent with historical high-grade intercepts.

    • Hole 21BNZDD001 encountered vuggy silica, barite, sulphides and visible gold between 26.00 and 29.00 metres (hole depth), within a broader, approximately 60 metre interval of vuggy silica to quartz-alunite alteration with up to 20% sulphide content locally (Figure 1). Sample assay results are anticipated to be received in the coming weeks.

• Geophysics

  • Ground-based induced polarization (IP) geophysics has been initiated at the Albert's Hump area.

    • Albert's Hump features a large silica cap exposure consistent with a high-level epithermal or porphyry target, and IP will be instrumental in delineating zones of potential mineralization at depth.

    • In addition, the IP will be conducted over the Patti, Steve's and Bloss zones. These zones share the same characteristics as Albert's Hump.

  • Ground magnetics is nearing completion.

    • The initial program of 160 line-kilometres of ground magnetics has been completed. Thesis is expanding this program with an additional ~260 line-km to resolve newly generated target areas.

• Soil and Rock Sampling

  • To date 6,151 soil sample have been collected. Additional soil sampling is planned to cover newly identified zones of alteration.

  • 674 rock samples have been collected to date from over 20 targets

Ewan Webster, President and CEO, commented, "The program is off to an incredible start and we are extremely pleased with the overall progress. Initial drilling has presented us with some spectacular visible gold and we look forward to sharing the assays in the next couple of weeks as they become available. The addition of our second drill rig will help accelerate us towards our ambitious 20,000 metre drill program."

Figure 1: Close-up photograph of visible gold in drill hole 21BNZDD001 at 28.53 metres drill depth. The gold is situated within a residual silica zone with clay-filled vugs, trace sulphides, and barite.

To view an enhanced version of Figure 1, please visit:
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The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

Ewan Webster Ph.D., P.Geo.
President, CEO and Director

About Thesis Gold Inc.

Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C. For further details about the Ranch Gold Project, please refer to the Company's current geological Technical Report dated September 18, 2020 available under the Company's profile on SEDAR at www.sedar.com.

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. 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". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

For further information:

Nick Stajduhar
Director
Telephone: 780-701-3216
Email: nicks@thesisgold.com

Dave Burwell
Vice President, The Howard Group
Telephone; 403-410-7907
Email: dave@howardgroupinc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94600

Calgary, Alberta–(Newsfile Corp. – August 30, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces it has released its interim consolidated financial results for the fiscal quarter ended June 30, 2021 (the "Financials") accompanied by its management's discussion and analysis (the "MD&A") for the same period. The Financials and MD&A have been disseminated on SEDAR and can be found on the Company's SEDAR profile at https://www.sedar.com.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO₂ emissions.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488 Facsimile: (403) 206-7159
Email: frank@whyresources.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 OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94873

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in Hochschild Mining's (LON:HOC) returns on capital, so let's have a look.

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

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Hochschild Mining is:

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

0.18 = US$210m ÷ (US$1.4b – US$195m) (Based on the trailing twelve months to June 2021).

Thus, Hochschild Mining has an ROCE of 18%. That's a relatively normal return on capital, and it's around the 19% generated by the Metals and Mining industry.

See our latest analysis for Hochschild Mining

Above you can see how the current ROCE for Hochschild Mining compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.

What The Trend Of ROCE Can Tell Us

Hochschild Mining is showing promise given that its ROCE is trending up and to the right. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 170% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.

The Bottom Line On Hochschild Mining's ROCE

As discussed above, Hochschild Mining appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Given the stock has declined 38% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. With that in mind, we believe the promising trends warrant this stock for further investigation.

Hochschild Mining does have some risks though, and we've spotted 3 warning signs for Hochschild Mining that you might be interested in.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

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.

Creation of Abitibi Hub in Québec for Lithium Projects

• Piedmont Lithium and Sayona Mining (ASX:SYA) complete acquisition of North American Lithium

• Combining Authier and NAL creates a potential lithium production hub in the Abitibi region of Québec

• Studies underway for future restart of lithium production in Québec

• Evaluation of alternatives for Québec-based lithium hydroxide manufacturing commencing

BELMONT, N.C., August 30, 2021–(BUSINESS WIRE)–Piedmont Lithium Inc. (Nasdaq: PLL, ASX: PLL) is pleased to announce that Sayona Québec has completed its acquisition of North American Lithium Inc. ("NAL") pursuant to the Share Purchase Agreement previously announced on June 30, 2021. Sayona Quebec is 25% owned by Piedmont Lithium and 75% owned by Sayona Mining. Piedmont Lithium is Sayona Mining’s largest shareholder at 18.8%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210830005297/en/

North American Lithium's Spodumene Concentrator (Photo: Business Wire)

Piedmont and Sayona are now advancing technical studies for the future restart of NAL’s spodumene concentrate operations, with a Scoping Study expected in H2 2021. Additionally, studies have commenced for the manufacturing of lithium chemicals in the Province of Québec, which could position the province to become an important lithium hydroxide production center given its abundant mineral resources, low-cost, sustainable hydro-electric power, proximity to major U.S. and European electric vehicle markets, and pro-electrification stance of provincial leaders.

Keith D. Phillips, President and Chief Executive Officer, commented: "We are very pleased to have partnered with Sayona in the consolidation of the spodumene resources in the Abitibi region of Québec, with Sayona Québec now comprising a large Canadian lithium resource base. Importantly, North American Lithium is a past-producing business with $400mm of investment over the past decade. NAL’s concentrate operations are amenable to a relatively rapid restart and we will work with Sayona to develop suitable plans in that regard. We are also evaluating a variety of options for production of lithium hydroxide in Québec and will update the market further as our plans crystallize. Piedmont intends to become North America’s leading lithium hydroxide producer and our Québec investments are an ideal complement to our flagship Carolina Lithium Project in Gaston County, North Carolina."

Click here to view the full release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210830005297/en/

Contacts

Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com

• Assay results from the third hole (GD21-003) intercepted Surebet Zone’s polymetallic quartz-sulphide vein system demonstrate an impressive 35.72 meters* of quartz-sulphide breccia and surrounding quartz-sulphide stockwork containing a weighted average of 6.37 g/t gold equivalent (AuEq) or 4.46 g/t Au and 122.13 g/t Ag.

• Higher grade intervals within the above envelope include 4.52 meters* of 31.88 g/t AuEq or 24.97 g/t Au and 458.10 g/t Ag.

• Assays for the first three drill holes from Surebet Zone’s maiden drilling campaign confirm a large gold-silver envelope surrounding the high-grade quartz-sulphide vein system.

• Higher grades are found within the envelope within quartz-sulphide breccia (See table 1 below summarizing results from GD21-003 to 001). Drill orientation details can be found in Goliath’s July 19, and 26 2021 news releases.

• All 13 holes drilled to date have intersected significant widths of veining and sulphide mineralization ranging from 23 up to 67.1 meters* confirming the extensive and robust nature of the Surebet System.

• Meters planned for drilling have increased from ~5,000 to ~6,000 meters and will target the extent of the Surebet discovery along strike and to depth (link to video).

• The 2021 fully funded maiden drill campaign includes step-back holes to test the mineralized structure to a down-dip extent. Based on the polymetallic mineralization observed to date, a second drill was added to the program to maximize meterage production.

• A recent airborne geophysical survey and 3D magnetic model delineate a magnetic high to the west and beneath the Surebet Zone, possibly representing an intrusive body that may have served as the source of metals for this extensive system of high-grade gold-silver mineralization.

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the exact geometry of the quartz-sulphide system.

TORONTO, Aug. 30, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is excited to report assays for the first three drill holes of the Company’s 2021 Maiden Diamond Drill Program (the “Campaign”) at its 100% controlled Golddigger Property (the “Property”). All three holes intercepted quartz-sulphide (galena, pyrrhotite, sphalerite, chalcopyrite) veining, brecciation and associated alteration within the moderately west-southwest dipping Surebet Zone (“Surebet”).

Results, including 35.72 meters containing a weighted average of 6.37 g/t AuEq or 4.46 g/t Au and 122.13 g/t Ag confirm high-grade gold-silver mineralization within quartz-sulphide breccias in a surrounding envelope of quartz-sulphide stockwork. All 13 drill holes completed to date have intercepted mineralized Surebet Zone. Drill core from 10 other holes have been sent to the lab and assays are pending. The Company has recently decided to increase its planned Campaign to 6,000 meters, up from 5,000 meters.

CLIFF SHOWING – TABLE 1 DRILL CORE TABLE

* Stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling confirms the geometry of the quartz-sulphide system.

** AuEq metal values are calculated using Au USD/oz $1.810,000, Ag USD/oz $24.00, Cu USD/lb $4.30, Pb USD/lb $1.12, Zn USD/lb $1.38 (2021/08/27). All values are reported in USD and do not consider metal recoveries.

Two drill rigs continue to trace the full extent of the Surebet Polymetallic Gold-Silver Zone along strike and at depth. A recently completed airborne geophysics survey (Magnetics, Electromagnetics) indicates widespread magnetism at Surebet, likely related to the presence of pervasive magnetic pyrrhotite. The survey also defined the boundary of a likely major intrusive body to the west along with a number of offshoot dykes in the immediate area of the known Surebet mineralization, both of which are believed to be drivers of gold-silver-rich polymetallic mineralization.

Additional fan drilling is planned for the Waterfall, Main, Central West, Northwest, and Real Deal Showings at Surebet, testing the strike length of 1,000 meters exposed at surface and to depth. The Campaign has been modified to focus on step-back holes to test the mineralized structure down dip at the Real Deal Gold Showing located ~800 meters west of Surebet and ~200 meters east of the Cloud 9 Showing, and if successful, this would extend the down dip depth of the mineralization substantially by ~1,000 meters (link to image).

The steeply-dipping Real Deal and Cloud 9 structures display similar mineralization to the Surebet Zone. Geologic observations at surface and within drill core shows structural strain concentrating along the Surebet Zone along its shallower-dipping geometry. Real Deal and Cloud 9 are believed to be en echelon structures that connect with Surebet at depth. The mineralized Surebet domain remains open in all directions.

The recently completed helicopter airborne geophysical survey was flown at 50 meter line-spacings by Precision GeoSurveys using their exclusive 3 sensor triple boom high resolution instruments (Gradient magnetics, electromagnetics). Data was modelled by both the Goliath technical team and Precision GeoSurveys indicate more widespread magnetism at Surebet believed to represent magnetic pyrrhotite-rich structures. The survey and 3D modelling defined an intrusive body to the west and underlying both Surebet Zone and the entire surrounding area. Data collected also coincides with some documented dykes mapped on surface in the area of Surebet and beyond. Geophysical modelling provides valuable insight regarding the geometry and setting of this extensive hydrothermal system. Recently planned drilling will test parts of this newly developed model while focusing on expanding the gold-silver mineralization both along strike and to depth. Goliath’s understanding of this system continues to grow based on hard data collected as its inaugural drill program moves forward.

The 2021 drill campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to a down dip depth over 1,000 meters at the Surebet Zone (“Surebet” or the “Project”). Surebet averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut samples taken in 2020. Surebet displays 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Property is in a mining friendly jurisdiction in a world class geological setting near Stewart, B.C. in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

Dr. Quinton Hennigh, Advisor to Goliath’s Strategic Shareholder, Crescat Capital, commented, “Initial assay results from the Cliff Zone, the southern-most drill station along the Surebet Zone, confirm that we are dealing with a broad, strongly mineralized structure hosting one or more high-grade gold-silver quartz-sulphide vein breccias within a wider envelope of polymetallic mineralization. Hole GD21-003 returned an impressive broad intercept of 35.72 meters containing 6.37 g/t AuEq within which three high-grade quartz-sulphide veins occur, the most notable delivering 4.52 meters containing 31.88 g/t AuEq. This is a remarkable start for the maiden Surebet drill program. As the Company drills more and more holes, it is seeing similar long intervals of mineralization, a very positive sign. We are thrilled with these initial results, are very pleased with the Company’s decision to increase meters and drill further down dip, and eagerly wait for more positive results to come.

Roger Rosmus, Founder & CEO stated, “The team is very excited about the initial assay results as they have far exceeded our expectations. The drilling is validating our model as we continue to expand the known geometry of the Surebet System that remains open. Additional assays will be announced once received, complied and interpreted”.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew contracted by Goliath. Core boxes are transported by helicopter over a 15-kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labeled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit™.

Drill holes were planned using Leapfrog Geo™ and QGIS™ software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with an sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver. At ALS (and MSA), samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and Au-ICP21 (ICP-130, ICA-5Ag, and FAS-124) methods. Overlimits are re-analyzed using the ME-ICP61, Au-ICP21, and Ag-GRA21 (FAS-428, ICA-6Ag, and FAS-425) methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening Au-SCR24C (MSC-150) method.

Golddigger Property

The Property has an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C.

Surebet is located some 8 kilometers southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this

release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be 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 defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

MONTREAL, Aug. 30, 2021 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that a total of 4,575 metres of diamond drilling has been completed to date on the Cheechoo gold property in Eeyou Istchee James Bay, Quebec. Visible gold was observed in thirty-six instances in thirteen of the nineteen definition diamond drill holes. As previously announced, the presence of visible gold, as well as the lithologies intersected, are in accordance with the expectations of Sirios' geologists and the modeling of the gold deposit

The objective of the definition drilling program is to better define the Cheechoo deposit and initiate an updated resource estimate (as early as 2022) that will allow for a significant amount of inferred resources to be converted to indicated resources. The improved gold resource classification of the project will increase the value of the Cheechoo deposit and help advance the project to a more advanced stage with the completion of a Preliminary Economic Assessment (PEA).

About the Cheechoo Property

The Cheechoo gold property, wholly-owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore gold mine. The latest resource estimate for the Cheechoo project (October 2020) estimated an inferred resource of 2.0 million ounces of gold contained in 93.0 million tonnes of rock at an average grade of 0.65 g/t Au, with significant potential to increase this resource (BBA, P-L. Richard, P. Geo.; J. Torrealba, P. Eng.; D. Evangelista, P. Eng., NI 43-101 Technical Report, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020).

The scientific and technical content of this press release has been reviewed and approved by Dominique Doucet, P.Eng. president and CEO of Sirios Resources Inc. and Jordi Turcotte, P.Geo. senior geologist, both qualified persons under National Instrument 43-101.

About Sirios

A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada, Sirios Resources Inc. is focusing primarily on its Cheechoo gold discovery, while actively exploring the gold potential of its other properties.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws based on expectations, estimates and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties and other factors that could cause actual events, results, performance, expectations and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to: capital and operating costs that differ materially from estimates; the tentative nature of metallurgical test results; delays or failures in obtaining required governmental, environmental or other approvals; uncertainties related to the availability and cost of necessary financing in the future changes in financial markets; inflation; fluctuations in metal prices; delays in project development; other risks relating to the mineral exploration and development industry; and risks disclosed in public filings of the Company on SEDAR at www. sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements contained in this news release are reasonable, readers should not place undue reliance on this information, which speaks only as of the date of this news release, and there can be no assurance that such events will occur or occur within the time periods presented. The Company 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 applicable law.

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

Contact :
Dominique Doucet, President, CEO, Eng.
Tel. : (514) 918-2867
ddoucet@sirios.com

website : www.sirios.com

NEW YORK, NY / ACCESSWIRE / August 30, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ:PLL)(NASDAQ:PLLL)

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

Deadline: September 17, 2021

For more info:www.bgandg.com/pll

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

Oatly Group AB (NASDAQ:OTLY)

Class Period: May 20, 2021 – July 15, 2021

Deadline: September 24, 2021

For more info:www.bgandg.com/otly.
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Oatly overinflated its gross margins, revenue, and capital expenditure financial metrics; (2) the Company overstated the proprietary nature of its formulas and manufacturing process; (3) the Company exaggerated its success in China; and (4) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.

AdaptHealth Corp.(NASDAQ:AHCO)

Class Period: November 11, 2019 – July 16, 2021

Deadline: September 27, 2021

For more info:www.bgandg.com/ahco

The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) AdaptHealth had misrepresented its organic growth trajectory by retroactively inflating past organic growth numbers without disclosing the changes, in violation of SEC regulations; (2) accordingly, the Company had materially overstated its financial prospects; and (3) as a result, the Company's public statements were materially false and misleading at all relevant times.

CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

View source version on accesswire.com:
https://www.accesswire.com/661647/PLL-OTLY-AHCO-Investor-Class-Actions-and-Deadlines-Bronstein-Gewirtz-Grossman-LLC

MISSISSAUGA, Ontario, Aug. 30, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (“the Company” or “Canada Carbon” or “CCB”) (TSX-V:CCB), (FF:U7N1), is pleased to provide an update on its Miller Project. On July 21, 2021 the La Commission de Protection du territoire Agricole du Quebec (“CPTAQ”) rendered a Notice of Change in Orientation in which it indicated it was prepared to authorize, for a period of two years, the exploratory work required for Canada Carbon to provide additional information to its existing application file. CPTAQ provided 30 days for comments on its change of orientation and will provide a final decision in due course.

Canada Carbon had filed a comprehensive file with the CPTAQ based on the information it understood the CPTAQ required. In addition to requesting the area needed for the proposed pits and infrastructure, Canada Carbon built in some flexibility to accommodate the potential requirements Ministry of Energy and Natural Resources or the Department of Environment and Fight against Climate Change could have from their respective reviews which cannot commence until the CPTAQ approval is obtained.

The CPTAQ determined that it wanted more specific information regarding the exact area required for the project so that an assessment could be made on the impact on water, dust and maples for that area.

Although COVID-19 has imposed certain constraints on the availability of drillers and certain analytical procedures, and may continue to have an impact beyond the Company’s control for some time, the Company has set an internal target of 6 to 9 months to complete the work required for the CPTAQ.

To this end, Canada Carbon will need to finalize its pit designs. SGS Canada has been requested to prepare a drill plan. Quotes for availability and pricing for drilling services have also been requested. The objectives of the drilling program, which is expected to be carried out between Fall 2021 and Spring 2022, will be to:

• Further delimit the location of the graphite to obtain the value of the indicated or measured resources;

• Refine the precision of the quarry and graphite pit contours;

• Continue the hydrogeological study; and

• Continue the geotechnical study.

Stratigraphy and topsoil analysis and an updated forest inventory are expected to be performed in the Fall of 2021.

The work will be done in collaboration with GSLR experts to the extent possible.

Olga Nikitovic, Interim CEO, commented, “Given the superior purity of the Miller graphite, we are firmly committed to advancing the Project as quickly as possible.”

For further information:

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

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

Drill Hole Locations

Proposed Drill hole location over CSAMT level showing resistivity (high=white / low=purple)

• Trucking Distance From Proposed Grassy Mountain Operation

WATCH VIDEO SUMMARY OF THE PRESS RELEASE

WINNEMUCCA, Nev., Aug. 30, 2021 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount” or “the Company”) announced today that it has initiated a drill program at the Frost project located 12 miles southwest of the Company’s high-grade Grassy Mountain gold project in Eastern Oregon. As previously announced, Paramount received all required permits from State and Federal authorities to drill its Frost property in April 2021.

Paramount President & COO Glen van Treek noted that the Frost property is a very close analog to the Grassy Mountain high grade deposit now in the final stages of permitting. “We are extremely excited to drill Frost. Discovering a deposit so close to our proposed mine would extend mine life and substantially improve overall project economics. We have carefully assembled a strong set of data confirming the key characteristics we would like to see in a drill target and the structures have the potential size to host a significant addition to reserves.”

Paramount plans to send samples for assaying to the ALS lab in Twin Falls, Idaho located approximately 200 miles from Grassy Mountain.

The first phase of drilling will be a 15-hole reverse circulation program of approximately 9,000 ft in total. The program is designed to test prospective targets related to interpreted silicification, and structures identified by the Paramount team based upon historic assays, field mapping and geophysical surveys (see drill hole location in maps below). Historic drilling completed in the early 1990’s intersected up to 25g/T of gold and 27g/T of silver.

Proposed Drill hole location over CSAMT level showing resistivity (high=white / low=purple)
https://www.globenewswire.com/NewsRoom/AttachmentNg/a548841b-23bc-4c24-ab04-d4b32bac88bf

The short 12-mile distance between Frost and Paramount’s proposed Grassy Mountain gold mine presents a significant opportunity for the Company to increase mine life as economic mineralized material would be trucked as mill feed to the Grassy processing facility. For additional details on the Frost Project see our press release of April 13, 2021.

NI 43-101 Disclosure

Exploration activities at Grassy Mountain are being conducted by Calico Resources USA Corp. personnel under the supervision of Michael McGinnis (CPG 10914) Project Manager and a Qualified Person under National Instrument 43-101, who has reviewed and approved this release. An ongoing quality control/quality assurance protocol is being employed for the program including blank, duplicate and reference standards in every batch of assays.

About Paramount Gold Nevada Corp.

Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering joint ventures with producers for construction and operation; or constructing and operating mines for its own account.

Paramount owns 100% of the Grassy Mountain Gold Project which consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit (100% located on private land) for which results of a positive Feasibility Study have been released and key permitting milestones accomplished.

Frost is comprised of 84 unpatented lode claims covering approximately 1,730 acres located 12 miles southwest of the Company’s proposed high-grade, underground Grassy Mountain gold mine in Malheur County, Oregon (“Grassy”).

Paramount owns a 100% interest in the Sleeper Gold Project located in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,322 unpatented mining claims (approximately 60 square miles or 15,500 hectares). The Sleeper gold project is host to a large gold deposit (over 4 million ounces of mineralized material) and the Company has completed and released a positive Preliminary Economic Assessment. With higher gold prices, Paramount has begun work to update and improve the economics of the Sleeper project.

Safe Harbor for Forward-Looking Statements

This release and related documents may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions are intended to identify forward-looking statements, although these words may not be present in all forward-looking statements. Forward-looking statements included in this news release include, without limitation, statements with respect to the use of proceeds from the Offerings. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the conclusions made in the feasibility study for the Grassy Mountain Gold Project (the “FS”); the quantity and grade of resources included in resource estimates; the accuracy and achievability of projections included in the FS; Paramount’s ability to carry on exploration and development activities, including construction; the timely receipt of required approvals and permits; the price of silver, gold and other metals; prices for key mining supplies, including labor costs and consumables, remaining consistent with current expectations; work meeting expectations and being consistent with estimates and plant, equipment and processes operating as anticipated. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results; environmental matters; the ability to obtain required permitting; equipment breakdown or disruptions; additional financing requirements; the completion of a definitive feasibility study for the Grassy Mountain Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs and between estimated and actual production; the global epidemics, pandemics, or other public health crises, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and the other factors described in Paramount’s disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Securities Commissions.

Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

Paramount Gold Nevada Corp.
Rachel Goldman, Chief Executive Officer
Christos Theodossiou, Director of Corporate Communications
866-481-2233
Twitter: @ParamountNV

Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce the execution of an option agreement (the "Agreement") to sell five battery metals projects in Sweden (the "Projects") to Swedish Nickel Pty. Ltd. ("Swedish Nickel"), a wholly owned subsidiary of Bayrock Resources Limited ("Bayrock"). Bayrock is an Australian unlisted public company and has a pre-existing nickel mining asset in Sweden. In return for the Projects, the Agreement provides EMX with up to a 6% equity interest in Bayrock, annual advance royalty payments, 3% Net Smelter Return ("NSR") royalty interests, work commitments and other considerations.

The nickel-copper Projects are located in northeastern Sweden in the Fennoscandian Shield (see Figure 1), which is host to numerous nickel deposits in Sweden, Finland and western Russia. The Projects each contain drill-defined zones of nickel-copper sulfide mineralization developed in and around mafic to ultramafic intrusions (magmatic sulfide-style mineralization). These zones of mineralization are also variably enriched in cobalt and platinum-group-elements (PGE), key metals used in current battery technologies. Most of the Projects' occurrences and deposits were discovered in the 1970's and 1980's, with only limited and incomplete histories of follow-up exploration. See www.EMXroyalty.com for further information.

The Agreement with Swedish Nickel/Bayrock represents another example of EMX's execution of the royalty generation aspect of its business model. EMX began exploration programs for nickel-copper-cobalt-PGE deposits in the Nordic countries in 2016, at a time of lower battery metal prices and when there was little commercial interest in these types of projects. Improvements in the battery metals markets in recent years have led to a resurgence in interest in battery metals projects, especially in stable political jurisdictions such as the Nordic countries.

Commercial Terms Overview. In accordance with the Agreement, Swedish Nickel can acquire 100% interests in any or all of the Projects through the issuance of cash or shares to EMX and performance of work on individual projects during a 36 month (3 year) option period, subject to the following terms (all dollar amounts in AUD):

• Upon execution of the Agreement, EMX will receive $62,184 in cash.

• Bayrock will raise a minimum of $6 million by the first anniversary of the Agreement and issue EMX between 5 and 6% of Bayrock shares on a fully diluted basis, subject to certain conditions. Alternatively, Swedish Nickel can make a one-time cash payment of $600,000 in lieu of the obligation for issuance of Bayrock shares to EMX.

• Swedish Nickel will expend a minimum of $250,000 per project in the first 18 months of the Agreement, and another $250,000 per project in the second 18 months of the Agreement; for a total of $500,000 per project by the 3^rd anniversary of the Agreement.

After satisfying the work commitments and exercising the option on any or all of the Projects, Swedish Nickel will grant EMX royalty interests with annual advance royalty ("AAR") payments and other considerations on each of the Projects for which an option is exercised:

• EMX will receive a 3% NSR royalty interest in each optioned project. On or before the earlier of the sixth anniversary of the Agreement or delivery of a Feasibility Study, Swedish Nickel has the option to repurchase 1% of the EMX NSR royalty on any Project by paying EMX $1,500,000.

• EMX will receive AAR payments of $25,000 on each optioned project commencing on the third anniversary of the Agreement, with the AAR payment increasing by 10% each year.

• Payments of $600,000 payable in cash or shares, will be made to EMX upon the delivery of a Feasibility Study on any of the Projects.

• Closing is subject to approval by the ASX Stock Exchange.

Overview of the Projects. The Projects are situated within a belt of mafic-ultramafic intrusive complexes that straddle the Sweden-Finland border. This belt of intrusions is host to multiple nickel-sulfide deposits such as the Kevitsa and Sakatti deposits in Finland. Each of the EMX Projects included in the Agreement contain historical drill defined zones of nickel copper mineralization that also show variable enrichments in cobalt and PGE.

Kukasjarvi Project. Kukasjarvi has a geologic setting typical of many magmatic sulfide deposits, where sill-like mafic to ultramafic rocks have intruded graphitic and sulfide bearing sedimentary rocks. Magmatic sulfides at Kukasjarvi were discovered by Boliden AB in the 1970's while tracing mineralized boulders found in the area. Twelve historical diamond holes were drilled for a total of 2,400 meters, and a historical mineral resource for Kukasjarvi was defined^[1]. The deposit is believed to be hosted within a metamorphosed ultramafic cumulate rock related to larger volumes of mafic gabbros mapped in the area. The deposit remains poorly delineated (i.e. incompletely drilled), and high Cu:Ni ratios suggest that the currently defined mineralization is distal in the system(s).

Notträsk Project. Notträsk is a layered mafic intrusion of gabbro-norite-peridotite with nickel copper mineralization that was discovered in the 1970's when road construction exposed an 80 meter thick section of sulfide rich breccias and massive sulfide accumulations. The sulfide mineralization occurs near the base of the intrusive complex, but subsequent exploration programs focussed on mineralization at higher levels within the intrusive complex. Only a few of the historical holes penetrated the basal contact, which represents the primary exploration target and remains largely untested. EMX also sees considerable exploration upside in the apophyses and offshoots of the main intrusive complex which could contain "conduit" type sulfide targets.

Vuostok Project. The Vuostok project is the westernmost of the Projects, located in the Skelleftea mining region of Sweden. Nickel-copper mineralization at Vuostok was discovered in the 1940's after prospectors followed a trail of mineralized boulders that were carried by glaciers up to 55 kilometers to the southeast^[2]. Mineralization at Vuostok mainly occurs along the basal contact of a gabbro sill intruded into granitic country rocks. After discovery, several campaigns of drilling delineated shallow bodies of nickel-copper sulfide mineralization. Many step-out drill holes also intersected masses of nickel-rich sulfide mineralization which appears to be widespread in the gabbroic intrusive complexes. Multiple conductive geophysical anomalies remain untested.

Fiskelträsk Project. Similar to Kukasjarvi, Fiskelträsk is a gabrroic to gabbronorite intrusion emplaced into sulfide-bearing sedimentary rocks. The Fiskelträsk deposit was discovered by Boliden AB during the 1970's, which drilled eleven holes for a total of 1,600 meters. The drill data were utilized by Wiking Minerals AB to estimate a historical resource in 2014 that has been cited in multiple publications on nickel-copper deposits in the region. The mineralization at Fiskelträsk is enriched in cobalt, and although not analyzed during the 1970's exploration programs, subsequent studies showed anomalous PGE values which need follow-up work.

Skogträsk Project. Nickel-copper mineralization at Skogträsk was identified and drilled by the Swedish Geological Survey ("SGU") in 1969-1973. Eleven shallow diamond drill holes by the SGU intersected disseminated and "net-textured" styles of sulfide mineralization at the basal contact of a gabbro-norite-pyroxenite-peridotite intrusion. As was the case at Kukasjarvi and Fiskelträsk, the mafic-ultramafic intrusions at Skogträsk were emplaced into graphitic and sulfide-rich sediments. In 2014 Boss Resources Ltd. conducted electromagnetic geophysical surveys at Skogträsk and drilled two holes totalling 491 meters. One of the holes intersected a significant thickness (~20 meters) of nickel-copper-bearing sulfide mineralization at the basal contact of the intrusive complex, and electromagnetic geophysical data show that the mineralization may extend for several hundred meters along strike. There was no follow-up to the 2014 drill program and multiple geophysical anomalies remain untested on the property.

Comments on References to Historical Drill Results and Resource Estimates, and Nearby Mines and Deposits. EMX has not performed sufficient work to verify the Projects' historical drill results or the published historical resource estimates. The Company is not treating the historical estimates as current mineral resources but considers them as reliable and relevant based upon independent field reviews, including inspections of historical drill core. Additional work to verify or upgrade the historical estimates as current mineral resources would include a) check assaying of historical assay results, b) confirmation drilling, and c) review/updating of the geologic interpretations under the supervision of a Qualified Person. However, there is no guarantee that the historical resource estimates will be updated as current mineral resources with further work.

The nearby mines and deposits discussed in this news release provide context for EMX's Projects, which occur in similar geologic settings, but this is not necessarily indicative that the Projects host similar tonnages or grades of mineralization.

Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX. EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX"; and on the Frankfurt exchange under the symbol "6E9". Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
IBelger@EMXroyalty.com

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

Forward-Looking Statements

This news release may contain "forward-looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential", "upside" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the year ended June 30, 2021 (the "MD&A"), and the most recently filed Annual Information Form (the "AIF") for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.

Figure 1. Location map for the Projects and Prospective Mineral Belts.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1508/94715_0e07756a04bf084c_002full.jpg

^[1] Papunen, Heikki, and Gorbunov, eds., 1985, Nickel-Copper Deposits of the Baltic Shield and Scandinavian Caledonides, Geological Survey of Finland, Bulletin 333.

^[2] Grip, E., 1955, Tracing of glacial boulders as an aid to ore prospecting in Sweden, Economic Geology, v. 48, p. 715-725.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94715

TORONTO, Aug. 30, 2021 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that is has entered into two option agreements on properties adjacent to the known Layden Ni-Cu-Co showings at the Taylor Brook Property, NL. The two properties were covered with the VTEM-Plus™ survey flown by Geotech for CRI at Taylor Brook earlier this year, and high priority anomalies were identified on both that are on-trend with the conductors which appear to be associated with the known mineralization.

Paul Sobie, CEO of Churchill stated, “We are very pleased to complete these deals which consolidate the Layden Ni-Cu-Co area along with the Altius claims and allow for seamless exploration. We’re in the permit application process presently to undertake a drill program this fall on all of the compelling VTEM conductors in this area, and are very much looking forward to commencing this work.”

Terms of Option Agreements

Under the terms of the agreement with the first optionor, Churchill optioned four contiguous claims covering a 1.0km² area under one mineral license. On execution of the agreement Churchill paid $7,500 and agreed to issue 43,772 common shares (“Churchill Shares”) within five days of receipt of regulatory approval for the agreement. Subsequent option payments over the next 24 months include:

Under the terms of the agreement with the second optionor, Churchill optioned 15 contiguous claims covering a 3.75km² area under one mineral license. On execution of the agreement Churchill paid $7,500 and agreed to issue 58,772 Churchill Shares within five days of receipt of regulatory approval for the agreement. Subsequent option payments over the next 24 months include:

On execution of each option agreement, Churchill granted to each of the vendors a 2.0% net smelter returns royalty on the respective properties, of which 1.0% may be purchased by the Company for $1.0 million.

Churchill may also satisfy $5,000 and $20,000 of the portion of the remaining cash payments for each option, respectively, by issuing Churchill Shares in lieu of such partial cash payment. The issue price for the Churchill Shares, as and when they are issued, shall be based on the five (5) day volume weighted average trading price of Churchill Shares on the TSX Venture Exchange (the “TSXV”) or on such other recognized stock exchange in Canada on which the Churchill Shares are then listed, based on the 10 days preceding the date of the election by Churchill to issue Churchill Shares in lieu of cash.

The option agreements, including the Churchill Shares issuable thereunder, are subject to the approval of the TSXV.

About Churchill Resources Inc.

Churchill is managed by career mining industry professionals which currently holds four exploration projects, namely Taylor Brook in Newfoundland, Florence Lake in Labrador, Pelly Bay in Nunavut and White River in Ontario. All projects are at the evaluation stage, with known mineralized Ni-Cu-Co showings at Taylor Brook, Florence Lake and Pelly Bay, and diamondiferous kimberlitic intrusives at White River and Pelly Bay. The primary focus of Churchill is on the continued exploration and development of the Taylor Brook and Florence Lake Nickel Projects.

Further Information

For further information regarding Churchill, please contact:

Churchill Resources Inc.
Paul Sobie, Chief Executive Officer
psobie@churchillresources.com
Tel. 416.365.0930 (o)
647.988.0930 (m)

Alec Rowlands, Consultant
Arowlands@churchillresources.com
Tel. 1 416 721 4732 (m)

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, the Company’s future plans, objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; receipt of the TSXV for the approval of the option agreements; receipt of all necessary regulatory and governmental approvals to conduct exploration on the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described in the most recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

Growth investing is one of two main fundamental investment strategies, the other being value investing. Investors employing a growth investing strategy will typically place the majority of their portfolio in growth stocks, which are shares of companies whose earnings or sales are expected to grow at a significantly faster rate than the rest of the market. The primary way investors expect to earn profits from growth investing is through capital gains.

VANCOUVER, British Columbia, Aug. 30, 2021 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce an initial debt agreement for project financing for its Goose Mine on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada

Project Financing Update

Sabina’s goal is to become a successful Canadian gold producer by advancing our 100% owned Back River Gold District in Nunavut, Canada. We plan to achieve this goal with a methodical phased approach to development of this belt that creates long lasting value for all our stakeholders. Our first mine on the district, the Goose Mine, is our current focus and we have worked hard to safely advance and de-risk the Project, while protecting our employees, the environment and the interests of the communities which are affected by our work. The Goose Mine is fully permitted, has obtained social license and the support of our Inuit landowners and is advanced with detailed engineering largely completed.

Currently the Company is pursuing a significant project debt facility on reasonable terms to fund the Project. The Company has engaged in discussions with several streaming companies, which after due diligence have submitted stream proposals. The Company is considering a proposal which if completed would reduce the equity requirements of project financing.

In order to fund critical path activities while these other financing opportunities are being advanced, the Company has obtained a US$20 million senior secured credit facility (the “CF”). The CF is a one-year facility that will accrue interest at a fixed rate of 5.25% with the principal and capitalized interest due in full any time before or on the earlier of the maturity date (September 27, 2022) and the closing date of certain non-equity financings. The CF has a minimum nine-months interest payable on termination.

“This initial US$20 million debt facility enables us to continue to fund our critical path activities while we pursue our full funding initiatives,” said Bruce McLeod, President & CEO. “All of the work completed and planned so far provides the basis for a more executable project construction period. We look forward to reporting progress on all fronts going forward.”

A variety of initiatives will be funded by the $20m CF including:

• Construction of 10 million litre bulk fuel storage tank and containment at Goose

• Procurement and delivery of bulk diesel fuel

• Construction of fuel transfer systems at the Goose and Port facility

• Continued earthworks activities at Goose site, including plant site rough grading

• Preparation for winter-ice-road construction and haulage in 2022

The project schedule has other critical path and long lead-time procurement items that would be required to maintain the timeline to production as contemplated in its Updated Feasibility Study. These items would require additional funding in the coming months. If this additional funding is not completed in Q4 2021, it is likely that these long lead time items would not be obtainable to meet the contemplated schedule. While this could mean a delay in the Project, pre-development activities completed and planned for the remainder of the year will significantly de-risk the Project construction period.

Qualified Persons

Mr. Vincy Benjamin, P. Eng., and Director of Engineering for Sabina, is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved of the technical content of this press release as it relates to the Back River Project.

Sabina Gold & Silver Corp.

Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.

Sabina recently filed an Updated Feasibility Study (the “UFS”) on its 100% owned Back River Gold Project which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV_5% of C$1.1B. See “National Instrument (NI) 43-101 Technical Report – 2021 Updated Feasibility Study for the Goose Project at the Back River Gold District, Nunavut, Canada” dated March 3, 2021.

The Project received its final major authorization on June 25, 2020 and is now in receipt of all major permits and authorizations for construction and operations.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.

For further information please contact:

Nicole Hoeller, Vice-President, Communications: 1 888 648-4218
nhoeller@sabinagoldsilver.com

Forward Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws (the “forward-looking statements”), including, but not limited to, statements related to the expected use of proceeds of the Offering and the projections and assumptions of the results of the UFS. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the uncertainty of production, development plans and costs estimates for the Back River Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs; the interpretation of drill, metallurgical testing and other exploration results; the ability of the Company to retain its key management employees and skilled and experienced personnel; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; the effects of general economic conditions, commodity prices, changing foreign exchange rates and actions by government and regulatory authorities; and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with exploration and project development; the need for additional financing; the calculation of mineral resources and reserves; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; government regulation; obtaining and renewing necessary licenses and permits; environmental liability and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers or directors; the absence of dividends; currency fluctuations; labour disputes; competition; dilution; the volatility of the our common share price and volume; future sales of shares by existing shareholders; and other risks and uncertainties, including those relating to the Back River Project and general risks associated with the mineral exploration and development industry described in our Annual Information Form, financial statements and MD&A for the fiscal period ended December 31, 2020 filed with the Canadian Securities Administrators and available at www.sedar.com. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Bruce McLeod, President & CEO
Suite 1800 – Two Bentall Centre
555 Burrard Street
Vancouver, BC V7X 1M7
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com

VANCOUVER, BC, Aug. 30, 2021 /CNW/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), along with its technological partner in the United States ("US Lab"¹), are pleased to announce successful initial life cycle testing results for the first 35 cycles (charging & discharging) in CR2016 LiB coin cells constructed with anode material (coated spherical purified graphite) produced from the Santa Cruz Graphite Project. Several battery cells were constructed as part of the ongoing optimization and testing program, and all the cells have an extremely flat discharge pattern without noticeable degradation over the initial testing period.

One cycle consists of 10 hours of charge and 10 hours of discharge, therefore 35 cycles equals approximately 700 hours total. South Star's testing program continues and will include a minimum of 100 cycles for each of the LiB cells. Upcoming work also includes downstream processing flowsheet optimizations and validation.

"We are pleased to continue announcing robust battery testing results and advancing to production in 2022," commented Richard Pearce, President and CEO of South Star. "We have produced several types of battery-grade spherical, purified graphites (SPG) with ultra-high purity of 99.99w% C_g and excellent workability with average particle sizes ranging from 8 to 23 microns. The cycle testing with anodes produced using Santa Cruz graphite in CR2016 LiB batteries has proven to be very stable with little degradation throughout the initial 35 cycles.

We are positioning South Star for long-term success by creating a diversified portfolio of high-quality products that will provide excellent value for a broad range of industrial and high value-add industries that are in high demand across the globe and in sectors with above-average growth potential. These are very exciting times for us as we continue our conversations with potential clients in electric vehicles, energy storage, portable electronics, telecom and specialty application sectors. We look forward to reporting additional results from our on-going testing program."

Santa Cruz Product Information Bulletins (PIBs) with technical information for the portfolio of products, safety data sheets (SDSs) and marketing materials are being prepared and will be added to the website shortly, as well as distributed to our existing partners and potential clients. Samples of value-add products including micronized & purified graphite, expanded & expandable graphite, as well are as coated and uncoated SPG will also be produced and available for testing.

H.C. Wainwright 23^rd Annual Global Investment Conference Participation

On September 13-15, 2021, South Star Battery Metals' President and CEO Richard Pearce will be hosting virtual one-on-one meetings and presenting at the H.C. Wainwright 23^rd Annual Global Investment Conference. Learn more here: https://hcwevents.com/annualconference/

Life Cycle Test Results

Purified graphite was successfully micronized using advanced pilot scale mechanical milling system outfitted with two air classification circuits. Once the target sizing geometries were achieved, uncoated SPG was produced by rolling and rounding the micronized graphite into elliptical spheres in a specialized mill. The elliptical shapes are a preferred morphology for higher density active loadings in batteries. They are also preferred due to better rate capacities, safer and generally longer-life LiBs. Uncoated SPG was coated with a nanolayer of soft carbon and heat treated under a blanket of inert gas. The hardened coating provides a layer of protection from exfoliation and general degradation during the normal expansion and contraction cycles associated with charging and discharging. The coating also reduces ongoing reactions of electrolytes with the graphitic carbon, which results in a reduced battery life (See June 29^th, 2021 press release for more details).

Next a copper foil was coated with the anode slurry using the drawdown technique, and the electrode was dried under vacuum and weighed. Finally, the anode was welded to the bottom can of a stainless-steel standard CR2016 coin cell. Three identical coin cells were produced, and testing includes the following: reversible capacity, irreversible capacity, irreversible capacity loss and long-term cycling stability as a function of spherical graphite particles.

Figure 1: CR2016 LiB Battery Construction

Figure 2: Santa Cruz LiB Battery Results Through Approximately 35 Cycles

As shown in Figures 2 & 3, other notable positive properties of Santa Cruz anode material are that their reversible capacities are at approximately 350 mAh/g, and they have an irreversible capacity loss on the first cycle of less than 10%.

Figure 3: Santa Cruz Irreversible Capacity Loss Results

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazilis the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

For additional information, please contact:

CHF Capital Markets (IR Canada)
Iryna Zheliasko, Manager
Phone: +1 416-868-1079 x229
Email: iryna@chfir.com

RBMG – RB Milestone Group LLC (IR US)
Trevor Brucato, Managing Director
Email: southstar@rbmilestone.com

Mr. Dave McMillan
Chairman
Email: davemc@telus.net

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/

CAUTIONARY STATEMENT

Neither the 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 press release.

This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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SOURCE South Star Mining Corp.

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VANCOUVER, British Columbia, Aug. 30, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN) is pleased to provide an update on the restart activities of the Company’s wholly owned Revenue Virginius Mine in Ouray, Colorado.

The Company is pleased to report that the processing plant initiated commissioning with development ore on Friday August 27, 2021. This is an important milestone in the restart of full operations, with stope ore to be processed in the near future. The Company plans to continue to ramp up to the full production rate of 270 short tons per day over the month of September.

The Company is also pleased to report that initial assay results from the 1800 drift level show an average undiluted grade over 78 feet of drift of 54.0 (33.9 diluted to a minimum mining width of 1.5 ft) ounces per ton silver equivalent (AgEq)¹ per short ton (ST). The actual measured vein width in this area is 1.19ft as compared to the modeled vein width for the same 78 feet of 0.23 feet and an undiluted grade of 26.9 (4.2 diluted to a minimum mining width of 1.5 ft) AgEq¹/ST over for the same drift section. Assay data lags actual development and the Company looks forward to reporting more assay results in the near future, but visual inspections each shift indicate that this strong mineralization continues.

Concentrate shipments are anticipated to begin in the first half of September. Trafigura Trading LLC is the off-taker for 100% of the concentrates and will pay 95% of the contained metals value based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.

Kevin Drover commented, “These additional assay results – 15 feet below the first mining stope – which confirm the mineralization is as we expected is the key data validation point we needed to confirm that we can be successful. Mining productivity at the face has been strong and we have some of the best miners in the business working for us. While some logistics issues related to movement of ore and waste in the same underground area slowed our initial development in opening up the production stopes, these short term delays are resolvable as the stope is opened to its full length. With this grade confirmation in hand, the processing plant now moving into commissioning, and with logistics improving rapidly as the first production stope expands both north and south, we are very confident of a successful restart.”

________________________________
¹ Silver equivalent is based on the 2Q 2021 average London prices of Ag US$26.6387/oz, Au US$1,805.04/oz,
Pb US$0.9568/lb and Zn US$1.3206/lb; includes payability and payment timing of the Trafigura offtake contract.

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101

ABOUT AURCANA CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

“Kevin Drover”
President & CEO

For further information, visit the website at www.aurcana.com or contact:

Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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

TORONTO, Aug. 30, 2021 /CNW/ – Labrador Iron Ore Royalty Corporation (the "Corporation") announced that Iron Ore Company of Canada ("IOC") has declared a dividend payable on September 23, 2021. The Corporation's portion is U.S. $67,950,000 or about CDN. $85.7 million.

About Labrador Iron Ore Royalty Corporation

The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

SOURCE Labrador Iron Ore Royalty Corporation

View original content: http://www.newswire.ca/en/releases/archive/August2021/30/c0685.html

Radnor, Pennsylvania–(Newsfile Corp. – August 29, 2021) – The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL, PLLL) ("Piedmont") that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period").

Deadline Reminder: Investors who purchased or acquired Piedmont securities during the Class Period may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; via e-mail at info@ktmc.com; or click https://www.ktmc.com/piedmont-lithium-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=piedmont

Piedmont engages in the exploration and development of resource projects. Piedmont primarily holds a 100% interest in a lithium project covering 2,322 acres in the North Carolina. On May 17, 2021, in connection with Piedmont's redomiciliation from Australia to the United States, Piedmont's American Depositary Share ("ADS") holders received one share of Piedmont common stock for each ADS.

The Class Period commences on March 16, 2018, when Piedmont filed a Registration Statement on a Form 20-F. On June 14, 2018, Piedmont issued a press release entitled "PIEDMONT LITHIUM ANNOUNCES MAIDEN MINERAL RESOURCE" which stated, in part, its "strategy of building an integrated lithium processing business based on proven, conventional technologies and benefitting from the inherent advantages of Piedmont's strategic North Carolina location, including; … [s]trong local government support." Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina.

The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors" which reported the following, in pertinent part, regarding Piedmont's regulatory issues in North Carolina: (1) Piedmont had 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; (2) five of the seven members of the county's board of commissioners, who control zoning changes, said they may block or delay the project; and (3) Piedmont had been set to meet with commissioners in March, but canceled with three days' notice, further straining the relationship.

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

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had 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 did not have "strong local government support"; and (5) as a result, the defendants' public statements were materially false and/or misleading at all relevant times.

Piedmont investors may, no later than September 21, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94693

BEIJING (Reuters) – China's Tianqi Lithium Corp, one of the world's top lithium producers, posted its first net profit in two years on Sunday as prices for the commodity used in electric-vehicle (EV) batteries rebounded strongly from a protracted slide.

Chengdu-based Tianqi said in a filing to the Shenzhen Stock Exchange its net income was 85.8 million yuan ($13.3 million) for the first half of 2021, rebounding from a loss of 696.6 million yuan a year earlier.

That implies a second-quarter profit of 333.7 million yuan, after a 247.9 million yuan loss in January-March, marking Tianqi's best quarterly result since the fourth quarter of 2018.

Tianqi posted seven straight quarterly losses from mid-2019 after a precipitous three-year plunge in lithium prices, driven by oversupply, left the company short of funds and facing default on billions of dollars in loans.

But in December it secured a $1.4 billion lifeline investment in its Australian operations from IGO Ltd and has been boosted by a near tripling in lithium carbonate prices over the past 12 months as demand from the EV sector roars back.

First-half revenues were 2.35 billion yuan, Tianqi said in the filing, up 25.13% from a year earlier.

Tianqi and IGO this month produced the first batch of another battery chemical, lithium hydroxide, from the Kwinana plant in Western Australia, which had been put on hold early in 2020 as the coronavirus outbreak exacerbated the Chinese company's liquidity struggles.

The company said it expects the commissioning of more battery-making plants in the second half to further boost lithium demand, extending the price rally.

($1 = 6.4711 Chinese yuan renminbi)

(Reporting by Tom Daly and Stella Qiu; Editing by William Mallard)

While prices for industrial metals like copper and iron ore have been weaker, Chris LaFemina, a mining analyst at Jefferies, is upbeat on the sector. Among diversified miners, BHP (ticker: BHP), at $66, is down 20% from its peak; Rio Tinto (RIO) is off 19%, to $75; Anglo American (NGLOY) is off 13%, to $21; and Freeport-McMoRan (FCX), a global copper producer, is down 21% from its peak to $36. Copper prices, down about 10% from their spring peak, to $4.33 a pound, have held up better than iron ore, which is off 40% from its high, to $145 a ton.

In this article, we discuss the 15 best mid-cap stocks for 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Mid-Cap Stocks for 2021.

Mid-cap stocks are considered in the middle of small-cap and large-cap stocks. While mid-cap (i.e. mid-capitalization) is generally used to designate companies with a market capitalization between $2 billion and $10 billion, these numbers are subject to change as all stock valuations change over time

One index that tracks mid-cap stocks based in the U.S. is S&P MidCap 400. This index consists of 400 stocks. As of July 30, 2021, the median total market capitalization in the index is at $5.627 billion with the smallest at $1.375 billion and the largest at $18.755 billion.

In the traditional risk vs. reward analysis, small-cap stocks are considered to have the best growth potential than mid-cap and large-cap stocks. However, this growth comes with greater risk. Generally, mid-cap stocks are considered to have a proven track record of profitability while having less volatility during tougher market conditions compared to small-cap stocks. On the other hand, large-cap stocks are seen as less risky albeit with less growth potential compared to mid-cap stocks. Because of this reason, mid-cap stocks can be used in portfolio diversification.

We can see the idea of diversification when comparing S&P MidCap 400 with S&P 500, the S&P index for large-cap companies. Not surprisingly, technology stocks represent 27.2% of all stocks in the S&P 500. In contrast, no sector has 20% or more representation in S&P MidCap 400. Also, industrials and materials sectors account for a combined 26.6% of all midcap stocks while they only account for 11% of large-cap stocks. So, significant differences exist between large-cap and mid-cap stocks when it comes to sectoral breakdown.

Some big-name midcap stocks include Dolby Laboratories, Inc. (NYSE: DLB) known for its audio and video technologies such as Dolby Vision, Five Below, Inc. (NASDAQ: FIVE), the well-known discount store chain, and The Mosaic Company (NYSE: MOS) known for its production of potash and phosphate fertilizers.

Photo by Dimitris Chapsoulas on Unsplash

The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th, 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Our Methodology

Regarding the methodology used in this article, the minimum and maximum valuations in S&P MidCap 400 were used to identify mid-cap stocks. Moreover, the ranking of a given stock in this list is based on the number of hedge fund holdings in that stock as of the end of the second quarter of 2021, based on our data of 873 hedge funds.

15 Best MidCap Stocks For 2021

15. Upwork Inc. (NASDAQ: UPWK)

Number of Hedge Fund Holders: 26

Upwork Inc. (NASDAQ: UPWK) is a California-based online freelancer marketplace for freelancers and businesses to conduct business. It is the world's largest freelancer marketplace. It is ranked fifteenth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 170.68% to investors over the course of the past year.

On July 29, Upwork Inc. (NASDAQ: UPWK) posted earnings for the second quarter of 2021, reporting earnings per share of -$0.13, missing estimates by $0.04. The revenue over the period was around $124 million, up 41.87% year-over-year.

At the end of the second quarter of 2021, 26 hedge funds in the database of Insider Monkey held stakes worth $428 million in Upwork Inc. (NASDAQ: UPWK).

Out of the hedge funds tracked by Insider Monkey, SRS Investment Management has the most valuable stake in Upwork Inc. (NASDAQ: UPWK) as of the end of second quarter of 2021, worth close to $117 million, comprising 1.74% of its 13F portfolio.

On July 30, MKM Partners boosted its price target on Upwork Inc. (NASDAQ: UPWK) to $65 from $58 and maintained its Buy rating, noting that the company has had and continues to have partnerships with large firms and clients.

Just like The Mosaic Company (NYSE: MOS), Five Below, Inc. (NASDAQ: FIVE), and Ambarella, Inc. (NASDAQ: AMBA), Upwork Inc. (NASDAQ: UPWK) is one of the best mid-cap stocks for 2021.

14. Semtech Corporation (NASDAQ: SMTC)

Number of Hedge Fund Holders: 28

Semtech Corporation (NASDAQ: SMTC) is a California-based semiconductor company, supplying analog and mixed-signal semiconductors and advanced algorithms. Its products include LoRa, a long-range networking tech used in the field of the Internet of Things (IoT). It is ranked fourteenth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 3.31% to investors over the course of the past year.

On June 2, Semtech Corporation (NASDAQ: SMTC) posted earnings for the first quarter of 2021, reporting earnings per share of $0.36, beating estimates by $0.05. The revenue over the period was around $170 million, up 28.39% year-over-year.

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $376 million in Semtech Corporation (NASDAQ: SMTC), up from 21 the preceding quarter worth $210 million.

Out of the hedge funds tracked by Insider Monkey, billionaire Ken Fisher's Fisher Asset Management has the most valuable position in Semtech Corporation (NASDAQ: SMTC) as of the end of the second quarter of 2021, worth close to $90 million, comprising 0.05% of its 13F portfolio.

During the second quarter of 2021, Fisher Asset Management increased its stake in Semtech Corporation (NASDAQ: SMTC) by 12%. Israel Englander's Millennium Management increased its stake by 232%. Millennium Management's stake is worth $84 million as of the end of the second quarter of 2021.

13. LendingTree, Inc. (NASDAQ: TREE)

Number of Hedge Fund Holders: 30

LendingTree, Inc. (NASDAQ: TREE) is a financial services company offering third-party services for borrowers to shop and compare different credit terms. It is ranked thirteenth on our list of 15 best mid-cap stocks for 2021. The stock has returned about -46.55% to investors over the course of the past year.

On July 29, LendingTree, Inc. (NASDAQ: TREE) posted earnings for the second quarter of 2021, reporting earnings per share of $0.48, beating estimates by $1.14. The revenue over the period was around $270.01 million, up 46.49% year-over-year.

At the end of the second quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $347 million in LendingTree, Inc. (NASDAQ: TREE), up from 25 the preceding quarter worth $568 million.

Out of the hedge funds tracked by Insider Monkey, billionaire Ken Griffin's Citadel Investment Group increased its stake in LendingTree, Inc. (NASDAQ: TREE) by 45% during the second quarter of 2021. This stake was worth $73 million as of the end of the second quarter of 2021.

Just like The Mosaic Company (NYSE: MOS), Five Below, Inc. (NASDAQ: FIVE), and SolarEdge Technologies, Inc. (NASDAQ: SEDG), LendingTree, Inc. (NASDAQ: TREE) is one of the best mid-cap stocks for 2021.

In its Q1 2021 investor letter, Headwaters Capital, an investment management firm, mentioned LendingTree, Inc. (NASDAQ: TREE). Here is what the firm had to say:

12. Coty Inc. (NYSE: COTY)

Number of Hedge Fund Holders: 30

Coty Inc. (NYSE: COTY) is an American beauty company, developing and manufacturing skincare, haircare, cosmetics products as well as fragrances. It is ranked twelfth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 106.84% to investors over the course of the past year.

On May 10, Coty Inc. (NYSE: COTY) posted earnings for the first quarter of 2021, reporting earnings per share of -$0.02, missing estimates by $0.03. The revenue over the period was around $1.03 billion, down 32.74% year-over-year.

At the end of the second quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $382 million in Coty Inc. (NYSE: COTY), up from 25 the preceding quarter worth $263 million.

Out of the hedge funds tracked by Insider Monkey, Melvin Capital has the most valuable stake in Coty Inc. (NYSE: COTY) as of the end of the second quarter of 2021, worth close to $93 million, comprising 0.53% of its 13F portfolio.

11. Everest Re Group, Ltd. (NYSE: RE)

Number of Hedge Fund Holders: 30

Everest Re Group, Ltd. (NYSE: RE) is a holding company providing reinsurance and insurance to various clients across the world. It is ranked eleventh on our list of 15 best mid-cap stocks for 2021. The stock has returned over 25.69% to investors over the course of the past year.

On July 28, Everest Re Group, Ltd. (NYSE: RE) posted earnings for the second quarter of 2021, reporting earnings per share of $14.63, beating estimates by $5.99. The revenue over the period was around $2.56 billion, up 26.81% year-over-year.

At the end of the second quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $686 million in Everest Re Group, Ltd. (NYSE: RE).

Out of the hedge funds tracked by Insider Monkey, AQR Capital Management has the most valuable stake in Everest Re Group, Ltd. (NYSE: RE) as of the end of the second quarter of 2021, worth close to $181 million, comprising 0.31% of its 13F portfolio. During the second quarter of 2021, billionaire Jim Simons's Renaissance Technologies increased its stake in Everest Re Group, Ltd. (NYSE: RE) by 93%. This follows a 345% increase in stake during the first quarter of 2021.

On August 16, Wolfe Research gave an Outperform rating to Everest Re Group, Ltd. (NYSE: RE) with a price target of $330, citing a favorable risk/reward dynamic.

In its Q1 2021 investor letter, Miller/Howard Investments, an investment management firm, mentioned Everest Re Group, Ltd. (NYSE: RE). Here is what the firm had to say:

10. Dolby Laboratories, Inc. (NYSE: DLB)

Number of Hedge Fund Holders: 31

Dolby Laboratories, Inc. (NYSE: DLB) is an American company developing technologies and products for mainly the entertainment and consumer electronics industries. These products include audio noise reduction and high dynamic range (HDR) video technologies. It is ranked tenth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 43.01% to investors over the course of the past year.

On July 29, Dolby Laboratories, Inc. (NYSE: DLB) posted earnings for the second quarter of 2021, reporting earnings per share of $0.71, beating estimates by $0.23. The revenue over the period was around $287 million, up 16.16% year-over-year.

At the end of the second quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $748 million in Dolby Laboratories, Inc. (NYSE: DLB).

Out of the hedge funds tracked by Insider Monkey, SoMa Equity Partners has the most valuable stake in Dolby Laboratories, Inc. (NYSE: DLB) as of the end of the second quarter of 2021, worth close to $226 million, comprising 4.76% of its 13F portfolio.

On August 2, Barrington boosted its rating on Dolby Laboratories, Inc. (NYSE: DLB) to Outperform from Market Perform and gave a price target of $115, noting that the company will benefit from the consumer demand for better audio and visual experience.

Just like The Mosaic Company (NYSE: MOS), Ambarella, Inc. (NASDAQ: AMBA), and Five Below, Inc. (NASDAQ: FIVE), Dolby Laboratories, Inc. (NYSE: DLB) is one of the best mid-cap stocks for 2021.

9. AECOM (NYSE: ACM)

Number of Hedge Fund Holders: 32

AECOM (NYSE: ACM) is an American engineering and infrastructure consulting firm. It is ranked ninth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 62.07% to investors over the course of the past year.

On August 9, AECOM (NYSE: ACM) posted earnings for the second quarter of 2021, reporting earnings per share of $0.73, breaking even with the estimates. The revenue over the period was around $3.41 billion, up 6.86% year-over-year.

At the end of the second quarter of 2021, 32 hedge funds in the database of Insider Monkey held stakes worth $791 million in AECOM (NYSE: ACM).

Out of the hedge funds tracked by Insider Monkey, Starboard Value LP has the most valuable stake in AECOM (NYSE: ACM) as of the end of the second quarter of 2021, worth close to $470 million, comprising 9.24% of its 13F portfolio.

During the second quarter of 2021, billionaire Ken Griffin's Citadel Investment Group increased its stake in AECOM (NYSE: ACM) by 3%, bringing the value of its stake to around $86 million, as of the end of the second quarter. This increase follows an 8% increase in stake during the first quarter.

As the $3.5 trillion infrastructure bill makes it way through the Congress, AECOM (NYSE: ACM) has a unique position as a big infrastructure management company. With around $1.05 billion in cash and cash-equivalents and successful operations in the United States and the EMEA region, AECOM (NYSE: ACM) is highly likely to benefit from the infrastructure bill.

8. Syneos Health, Inc. (NASDAQ: SYNH)

Number of Hedge Fund Holders: 33

Syneos Health, Inc. (NASDAQ: SYNH) is a North Carolina-based healthcare company offering contract research services to biotechnology companies in the form of patient and investigator recruitment as well as clinical development services in Phases I through IV among other services. It is ranked eighth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 50.76% to investors over the course of the past year.

On August 9, Syneos Health, Inc. (NASDAQ: SYNH) posted earnings for the second quarter of 2021, reporting earnings per share of $0.97, beating estimates by $0.02. The revenue over the period was around $1.28 billion, up 26.57% year-over-year.

At the end of the second quarter of 2021, 33 hedge funds in the database of Insider Monkey held stakes worth $670 million in Syneos Health, Inc. (NASDAQ: SYNH), up from 28 the preceding quarter worth $460 million.

On August 4, Credit Suisse gave an Outperform rating to Syneos Health, Inc. (NASDAQ: SYNH) with a price target of $96, preserving its rating and price target.

7. Plug Power Inc. (NASDAQ: PLUG)

Number of Hedge Fund Holders: 34

Plug Power Inc. (NASDAQ: PLUG) is an American alternative energy technology company, developing hydrogen fuel cells to replace conventional batteries. It is ranked seventh on our list of 15 best mid-cap stocks for 2021. The stock has returned over 77.25% to investors over the course of the past year.

On August 5, Plug Power Inc. (NASDAQ: PLUG) posted earnings for the second quarter of 2021, reporting earnings per share of -$0.18, missing estimates by $0.11. The revenue over the period was around $125 million, up 82.98% year-over-year.

At the end of the second quarter of 2021, 34 hedge funds in the database of Insider Monkey held stakes worth $878 million in Plug Power Inc. (NASDAQ: PLUG), up from 25 the preceding quarter worth $613 million.

Out of the hedge funds tracked by Insider Monkey, D.E. Shaw has the most valuable stake in Plug Power Inc. (NASDAQ: PLUG) as of the end of the second quarter of 2021, worth close to $507 million, comprising 0.43% of its 13F portfolio. D. E. Shaw increased its stake by 23% during the second quarter of 2021.

Plug Power Inc. (NASDAQ: PLUG) is one of the best mid-cap stocks for 2021, along with The Mosaic Company (NYSE: MOS), Ambarella, Inc. (NASDAQ: AMBA), and Five Below, Inc. (NASDAQ: FIVE).

6. Skechers U.S.A., Inc. (NYSE: SKX)

Number of Hedge Fund Holders: 35

Skechers U.S.A., Inc. (NYSE: SKX) is the third-largest footwear company in the United States. It is ranked sixth on our list of 15 best mid-cap stocks for 2021. The stock has returned over 71.86% to investors over the course of the past year.

On July 22, Skechers U.S.A., Inc. (NYSE: SKX) posted earnings for the second quarter of 2021, reporting earnings per share of $0.88, beating estimates by $0.38. The revenue over the period was around $1.66 billion, up 127.26% year-over-year.

At the end of the second quarter of 2021, 35 hedge funds in the database of Insider Monkey held stakes worth $773 million in Skechers U.S.A., Inc. (NYSE: SKX), up from 29 the preceding quarter worth $532 million.

Out of the hedge funds tracked by Insider Monkey, Pzena Investment Management has the most valuable stake in Skechers U.S.A., Inc. (NYSE: SKX) as of the end of the second quarter of 2021, worth close to $254 million, comprising 0.98% of its 13F portfolio.

On July 23, B. Riley boosted its price target on Skechers U.S.A., Inc. (NYSE: SKX) to $61 from $51 and kept its Buy rating, noting that the company had a strong Q2 performance and can benefit from the reopening of the world economy.

Click to continue reading and see the 5 Best Mid-Cap Stocks for 2021.

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Disclosure: None. 15 Best Mid-Cap Stocks for 2021 is originally published on Insider Monkey.