VANCOUVER, BC, Aug. 25, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: RJK Explorations Ltd.

TSX-Venture Symbol: RJX.A

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 9:29 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/August2021/25/c7399.html

VANCOUVER, BC / ACCESSWIRE / August 25, 2021 / CMC Metals Ltd. (TSXV:CMB)(FRA:ZM5N)(OTC PINK:CMCZF); (the "Company") announces that initial positive soil geochemical results demonstrate validation of airborne geophysical targets at its flagship Silver Hart project in Yukon.

CMC has significantly extended previous soil geochemical surveys at Silver Hart as a part of validating targets identified by its property wide airborne SkyTEM geophysical survey completed earlier this year. The airborne survey identified eight new targets areas on the property (T1 to T8, see Figure 1) and initial results of soil geochemical surveys over T1 and T4 are highly encouraging. Results in the remainder of these target areas and the six other target areas are pending.

Existing mineralization in known mineralized veins in the Main Zone occur along northeasterly structures in an area characterized with low magnetic features, moderate conductivity, and in close proximity to the geological contact between volcanics of the Cassiar Batholith with overlying meta-sedimentary sequences including limestones and schists. These polymetallic veins are known to have strike extent up to 1.35 kilometers with above average grades of silver, lead, zinc with minor copper and gold.

T1 was a target located within the KW zone in the northwestern portion of the property. Previous surveys had indicated geochemical anomalies in the northwestern corner of this zone. Current results (see figure 2) have identified a stronger anomalous area extending further to the northeast over an area of possible strike length of 400-750 meters with a width of over 200 meters depicting northeasterly trends. The silver soil anomaly is also coincident with lead and zinc soil anomalies. The anomaly remains open in all northerly directions and is associated with key setting features including low magnetism, moderate conductivity, and in close proximity to the Cassiar Batholith-sedimentary contact.

T4 was a target located within the northernmost portion of the South Zone. This zone now comprises of a significant anomalous area (see Figure 3) extending over 2.5 kilometers in possible strike length with concentrated anomalies in both the southernmost portion and now defined in the northeastern area.

The recent results show a strong anomaly of silver in soils coincident with lead and zinc soil anomalies. Like T1, the anomalies in the T4 area, and within the South Zone, are now known to be associated with low magnetism, moderate conductivity and in close proximity to the Cassiar Batholith-sedimentary contact. The current anomaly remains open to the east, north and west and is northeasterly trending.

Kevin Brewer, P.Geo. President and CEO notes, "The SkyTEM airborne geophysical survey identified several attractive drill targets new areas for us at Silver Hart and Blue Heaven in areas that prior to this field season had never been explored. Subsequently, we have completed geochemical surveys, mapping and prospecting over these areas to help further delineate the potential of these zones. With the current validation we will then evaluate those areas which merit drilling in 2022 and beyond. We are now more confident in the two targets (T1 and T4) where we have now received geochemical results as they serve to verify the validity of our property wide 3D modelling and our geophysical analysis. T1 and T4 are very prominent targets with large spatial areas that if mineralized could significantly increase the current resources of high-grade silver, lead and zinc at Silver Hart. In addition, if you compare the extent of known polymetallic veins in the Main Zone (see Figure 1) to the areas of prospectivity it is evident that there is a lot of exploration upside potential on this project and we still feel we have not yet identified all areas with potential for high grade polymetallic veins and possibly carbonate replacement style deposits."

John Bossio, Chairman notes, "We are very pleased with these preliminary results from our 2021 program. Since 2019 our overall strategy has been to implement a systematic property wide exploration effort to undertake an evaluation of the true exploration potential of Silver Hart which has never been undertaken in its 35-year history. What is giving us confidence in this project is that every survey and work effort has added value to the project and contributed significantly to our understanding of the high-grade polymetallic vein system. We feel this will aid us in identifying future drill targets outside of the identified structures in the Main Zone. We also understand that our shareholders and others are interested in receiving news on our current drilling program focussed on expanding our resources in the Main Zone. To date we have completed 13 holes and we are on target to complete Phase 1 of our planned drill efforts which will continue into 2022. We expect results soon."

The Company is continuing its efforts to seek a partner for our Bridal Veil and Terra Nova Projects in Newfoundland. As previously noted the Company is planning to undertake further exploration of these properties in October. Bridal Veil is known to host high grade copper-lead-silver +/- gold mineralization in veins and a unexplained geophysical anomaly. Only a small portion of the property to date has been explored. Bridal Veil is located in central Newfoundland in the Gander Zone, approximately 20 kilometers east of the Newfound Gold Queensway Gold discovery, 10 kilometers east of Gander and is transected by the Trans Canada Highway and the Trans Canada trail system. Terra Nova is also located in Central Newfoundland near the community of Terra Nova. At this property high grades of silver-copper-gold and tungsten have been identified in several showings in an alteration area of 12 square kilometers.

Kevin Brewer, President and CEO notes, "I am personally looking forward to finally getting to examine these promising properties in Newfoundland in October so that we can develop an exploration strategy for 2022. These two properties comprise a total of 197 claims and include several high-grade mineral occurrences. They are polymetallic in nature with both good base and precious metal content from outcrop samples over large areas of alteration. Bridal Veil is of possible orogenic origin and Terra Nova is thought to have the potential to host mesothermal gold -polymetallic deposits. We are glad to have a solid position in one of the best jurisdictions to be operating in the world – Newfoundland – and on a personal note as a Newfoundlander I am looking forward to doing work in my home province."

Qualified Person

Kevin Brewer, a registered professional geoscientist in BC, Yukon and Newfoundland, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has approved the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for silver in Yukon and British Columbia and polymetallic deposits in Yukon and Newfoundland. Our silver-lead-zinc prospects include the Silver Hart Deposit and Blue Heaven claims (the "Silver Hart Project") and the recently acquired Rancheria South, Amy and Silverknife claims (the "Rancheria South Project"). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

On behalf of the Board:

"John Bossio"

John Bossio, Chairman
CMC METALS LTD.

For further information concerning the CMC Metals Ltd., or its exploration projects, please contact:

Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc Hons, Dip. Eng
President, CEO and Director
Tel: (604) 670 0019
kbrewer80@hotmail.com
Office:
Suite 110-175 Victory Ship Way
North Vancouver, BC
V7L 0B2

To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer.

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

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and 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 expressly required by applicable securities legislation."

SOURCE: CMC Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/661234/CMCs-Positive-Geochemical-Survey-Results-Further-Validate-Airborne-Geophysical-Targets-At-Silver-Hart-Project-Yukon

BRISBANE, Australia, Aug. 25, 2021 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) is pleased to advise that the scheme of arrangement (Scheme) in relation to the merger of Orocobre and Galaxy Resources (Galaxy), has been implemented today.

Scheme Consideration

In accordance with the Scheme, all Galaxy shares have now been transferred to Orocobre and eligible Galaxy shareholders have been issued the Scheme consideration of 0.569 Orocobre shares for each Galaxy share held on the Scheme record date. The 292,598,572 newly issued Orocobre shares are expected to commence trading on ASX on a normal settlement basis from Thursday, 26 August 2021.

Orocobre has also issued the Orocobre shares otherwise payable to "Ineligible Shareholders" (as defined in the Scheme Booklet) to a nominee who has been appointed to sell those shares so that the net proceeds of sale can be distributed to applicable Galaxy shareholders in accordance with the process set out in the Scheme Booklet.

Changes to Orocobre Board Composition

Orocobre has appointed the following Galaxy Directors to the Orocobre Board with effect from today.

• Martin Rowley, as Non-Executive Chairman

• Florencia Heredia, as Non-Executive Director

• John Turner, as Non-Executive Director

• Alan Fitzpatrick, as Non-Executive Director

Rob Hubbard will continue as the Deputy Chairman and Richard Seville, Fernando Oris de Roa and Leanne Heywood will continue in their current roles as Non-Executive Directors. Martin Perez de Solay will continue in the role of Managing Director and CEO.

With effect from today John Gibson, Masaharu Katayama and Patricia Martinez retire from the Orocobre Board. Mr Gibson joined the Board as a Non-Executive Director in March 2010, Mr Katayama joined in April 2018 and Ms Martinez joined in December 2020.

Orocobre Deputy Chairman Rob Hubbard said that he welcomed Mr Rowley, Ms Heredia, Mr Turner and Mr Fitzpatrick to the Orocobre Board and looked forward to working with them. He also said, “that each of the retiring directors has made unique and valuable contributions throughout the Orocobre journey that has led to today's merger.

“I would especially like to thank John Gibson who has been a member of the Board for more than 11 years and has overseen the extraordinary achievements of the company,” Mr Hubbard said.

Newly appointed Chairman Mr Rowley said, “It is a pleasure to join the Board of Directors of Orocobre as the merger of Galaxy and Orocobre is successfully completed. The new Orocobre starts with world-class assets, an industry leading skills base and unparalleled growth potential. I very much look forward to working with the newly constituted Board to realise the benefits of the merger for all stakeholders.”

Delisting of Galaxy

An application has been made to remove Galaxy from the official list of ASX, which is expected to take effect on and from Thursday, 26 August 2021.

Authorised by:

Rick Anthon
Joint Company Secretary

For more information please contact:

Andrew Barber
Chief Investor Relations Officer
Orocobre Limited
T: +61 7 3871 3985
M: +61 418 783 701
E: abarber@orocobre.com
W: www.orocobre.com

Twitter: https://twitter.com/OrocobreLimited
LinkedIn: https://www.linkedin.com/company/orocobre-limited
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Instagram: https://www.instagram.com/orocobre/
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Click here to subscribe to the Orocobre e-Newsletter

VANCOUVER, BC / ACCESSWIRE / August 25, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that it has completed its 2021 diamond drill program at the Ashram Rare Earth and Fluorspar Deposit, located in northern Quebec.

A total of 2,814 m of NQ size coring was completed over 12 drill holes at the Ashram Deposit, targeting further delineation of the mineralized body. The Company is happy to report that the drilling advanced faster than anticipated, allowing for additional meterage to be completed beyond that planned while remaining within budget. In addition, the Company benefited from sharing support costs such as drill rig mobilization and camp operation from the overlapping drill program of Saville Resources Inc. on the proximal Niobium Claim Group, where it holds an Option from the Company. Both programs were managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB, with drilling operations being carried out by Logan Drilling Ltd. of Stewiacke, NS.

The Company's drill program largely focused on the central areas of the deposit, within the preliminary pit shell being considered for the ongoing Prefeasibility Study (PFS), and where the neodymium-praseodymium (NdPr) contents are highest. Depending on the location within the deposit, the NdPr distribution typical varies from 21-24+% with monazite being the dominant carrier of the rare earth elements (REEs). Drill hole depths ranged from 152 m to 302 m core length. Due to the depth of the pit shell being considered for an initial 25-year mine-life as part of the PFS, the drill holes were terminated at pre-determined depths and commonly ended in A-Zone, which is the most well-mineralized rock type in the deposit.

The drill core is currently being processed on site and is anticipated to be shipped to Activation Laboratories in Ancaster, ON, shortly for analysis with results to be released as received. In addition to the drill program, this fall the Company plans to carry-out hydrology studies on site in support of the PFS, as well as complete several Qualified Person site visits.

The Ashram Deposit ranks as one of the largest REE (and fluorspar) deposits globally, consisting of a single mineralized body outcropping at surface, and has a mineralized footprint approximately 600 m along strike, over 350 m across, and 600 m deep, remaining open in several directions. The deposit hosts a measured resource of 1.6 million tonnes (Mt) at 1.77% rare earth oxide (REO) and 3.8% F, an indicated resource of 27.7 Mt at 1.90% REO and 2.9% F, and an inferred resource of 219.8 Mt at 1.88% REO and 2.2% F, at a cut-off grade of 1.25% REO. Note, mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.

The Company notes that it continues carry-out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The Company has successfully navigated the process to enter Nunavik and obtained authorization to complete its planned field activities. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.

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

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

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

On Behalf of the Board of Directors

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

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

Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include our plans to carry-out hydrology studies on site in support of the PFS, as well as complete several Qualified Person site visits; and that we could become a long term supplier of mixed rare earth carbonate and/or NdPr oxide. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the methods proposed don't work as well as expected, the studies may not go as planned or start when expected, we may experience difficulties in drilling and carrying out environmental work; changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/661192/Commerce-Resources-Corp-Completes-Summer-Drill-Program-at-the-Ashram-Rare-Earth-and-Fluorspar-Deposit

Vancouver, British Columbia–(Newsfile Corp. – August 25, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that it has closed the second and final tranche of its oversubscribed non-brokered private placement (the "Private Placement") of units ("Units") announced on July 15, 2021. On closing, the Company issued 7,706,669 Units at CAD $0.06 per Unit for proceeds of CAD $462,400. Each Unit is comprised of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional common share at an exercise price of CAD $0.08 per common share until June 30, 2024. Following the closing, the Company has 210,830,443 issued and outstanding common shares.

The proceeds of the Private Placement will be used for exploration on the Company's Raleigh Lake Project and for general corporate and administrative costs.

Closing of the Private Placement is subject to final acceptance by the TSX Venture Exchange. All Private Placement securities will be restricted from trading for a period of four months plus one day from the date of closing. No finder's fees were paid on this tranche of the transaction.

John Wisbey, Chairman and CEO of International Lithium Corp., commented as follows:

"This placement, which we have now closed at slightly over CAD $1,000,000, allows us to make significant headway with our plans at Raleigh Lake where we have now expanded the area of our claims to 170 square kilometres. Our drilling earlier this year in Zone 1 of the claims (around 5% of our new total claims) found interesting levels of lithium oxide in the areas we drilled, and commercially very interesting quantities of rubidium oxide. We will be progressing with additional drilling, leading to the publishing of some initial minimum estimates of the size of resource, and also conducting an airborne geophysical survey on our new claims."

Certain insiders participated in this tranche of the Private Placement. The issuance of private placement securities to non-arms' length parties constitutes related-party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Because the Company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The Company did not file a material change report 21 days prior to the closing of the Private Placement as the details of the participation of insiders of the Company had not been confirmed at that time.

About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect.

A key goal is to become a well funded company to turn our aspirations into reality.

International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock exchange.

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina.

The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration there so far, which is on only about 5% of ILC's current claims, contain significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

The Mariana lithium-potash brine project, which is the subject of this news release, is located within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region.

Complementing the Company's lithium brine project at Mariana and rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

The ownership of the Mavis Lake project is now 51% Essential Metals Limited ("ESS") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC.

The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources, and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520.

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

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of the feasibility study of the Mariana Joint Venture Project, timing of publication of the technical reports, possible sale of the Company's interest in the Project, anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Mavis Lake projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and continued agreement between the Company and Ganfeng Lithium Co. Ltd. regarding the Company's percentage interest in the Mariana project and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94425

Trading Symbol
TSX: SVM
NYSE AMERICAN: SVM

VANCOUVER, BC, Aug. 25, 2021 /PRNewswire/ – Silvercorp Metals Inc. ("Silvercorp" or the "Company") is pleased to announce a normal course issuer bid to acquire up to 7,054,000 common shares of the Company, representing approximately 4% the 176,354,091 common shares issued and outstanding as of August 22, 2021. The repurchase program will run from August 27, 2021 to August 26, 2022. The Company is taking this action to provide it with enhanced flexibility should market conditions result in Silvercorp's shares being undervalued relative to the value of its mining operations and corporate assets comprised of cash and cash equivalents and short-term investments of $214.4 million, in addition to investments in associates and other companies having a total market value of $243.2 million, both as at June 30, 2021.

Purchases will be made at the discretion of the directors at prevailing market prices, through the facilities of the TSX, the NYSE American, and alternative trading platforms in Canada and the United States, in compliance with regulatory requirements. There can be no assurance as to the precise number of shares that will be repurchased under the share repurchase program. Silvercorp may discontinue its purchases at any time, subject to compliance with applicable regulatory requirements. The Company intends to hold all shares acquired under the issuer bid for cancellation. The price the Company will pay for any common shares will be the market price at the time of purchase or such other price as may be permitted by the CSA. Any private purchase made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price.

The Company is not aware of any officers, directors or persons holding 10% or more of the securities that intend to sell their securities at the inception of the normal course issuer bid, but such officers, directors or persons holding 10% or more of the securities may sell their securities during the course of the normal course issuer bid, as their personal circumstances may require. If during the course of the normal course issuer bid the Company becomes aware that officers, directors or persons holding 10% or more of the securities intend to sell their securities, then the Company will not intentionally acquire such securities pursuant to the normal course issuer bid.

The maximum number of shares that may be purchased on the TSX during any trading day may not exceed 134,990 common shares of the Company which is 25% of the average daily trading volume on the TSX based on the previous six completed calendar months of 539,961. This limit, for which there are permitted exceptions, is determined in accordance with TSX regulatory requirements and does not apply to purchases made by the Company on the alternative trading platforms in the United States.

About Silvercorp

Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees' wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.

CAUTIONARY DISCLAIMER – FORWARD LOOKING STATEMENTS

Certain of the statements and information in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information 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", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: social and economic impacts of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act; and bringing actions and enforcing judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form for the year ended March 31, 2021 under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/silvercorp-announces-share-repurchase-program-301361858.html

SOURCE Silvercorp Metals Inc

VANCOUVER, BC, Aug. 25, 2021 /CNW/ – Trading resumes in:

Company: RJK Explorations Ltd.

TSX-Venture Symbol: RJX.A

All Issues: Yes

Resumption (ET): 12:30 PM

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

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

View original content: http://www.newswire.ca/en/releases/archive/August2021/25/c4306.html

LONDON, UK / ACCESSWIRE / August 25, 2021 / Anglo Pacific Group PLC ('Anglo Pacific', the 'Company', the 'Group') (LSE:APF)(TSX:APY) is pleased to announce interim results for the six months ended 30 June 2021 which are available on both the Group's website at www.anglopacificgroup.com and on SEDAR at www.SEDAR.com.

Following the transformational $205m Voisey's Bay cobalt stream acquisition in March 2021 and the associated financing, the Company has determined that it is now appropriate to commence reporting results in US dollars rather than in British pounds. With four of the Group's nine royalties being received in US dollars, the majority of Anglo Pacific's revenue, and the remaining ones largely being based on US dollar prices but then converted to local currency, the Company feels now is the right time to transition its presentation currency to one that more appropriately reflects the underlying performance of the business and is in line with its peers.

The change in presentation currency does not impact the underlying business nor dividends, in particular the previously announced interim dividends of 1.75p per share to be paid in November 2021, December 2021 and February 2022.

Results

* Following the application of IFRS 9, the royalties received from EVBC are reflected in the fair value movement of the underlying royalty rather than recorded as royalty income.

Click on, or paste the following link into your web browser, to view the full announcement.

http://www.rns-pdf.londonstockexchange.com/rns/6832J_1-2021-8-25.pdf

For further information:

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Anglo Pacific Group PLC

View source version on accesswire.com:
https://www.accesswire.com/661262/Anglo-Pacific-Group-PLC-Announces-Interim-Results-for-6-Months-Ended-30-June-2021

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Antofagasta (LON:ANTO). Now, I'm not saying that the stock is necessarily undervalued today; but I can't shake an appreciation for the profitability of the business itself. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.

View our latest analysis for Antofagasta

How Quickly Is Antofagasta Increasing Earnings Per Share?

The market is a voting machine in the short term, but a weighing machine in the long term, so share price follows earnings per share (EPS) eventually. That means EPS growth is considered a real positive by most successful long-term investors. We can see that in the last three years Antofagasta grew its EPS by 16% per year. That's a pretty good rate, if the company can sustain it.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. Antofagasta shareholders can take confidence from the fact that EBIT margins are up from 23% to 44%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.

The chart below shows how the company's bottom and top lines have progressed over time. For finer detail, click on the image.

While we live in the present moment at all times, there's no doubt in my mind that the future matters more than the past. So why not check this interactive chart depicting future EPS estimates, for Antofagasta?

Are Antofagasta Insiders Aligned With All Shareholders?

We would not expect to see insiders owning a large percentage of a UK£14b company like Antofagasta. But we are reassured by the fact they have invested in the company. Notably, they have an enormous stake in the company, worth US$599m. I would find that kind of skin in the game quite encouraging, if I owned shares, since it would ensure that the leaders of the company would also experience my success, or failure, with the stock.

Is Antofagasta Worth Keeping An Eye On?

One positive for Antofagasta is that it is growing EPS. That's nice to see. If that's not enough on its own, there is also the rather notable levels of insider ownership. The combination sparks joy for me, so I'd consider keeping the company on a watchlist. We should say that we've discovered 1 warning sign for Antofagasta that you should be aware of before investing here.

Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares. But as a growth investor I always like to check out companies that do have those features. You can access a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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.

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of New Hope Corporation Limited (ASX:NHC) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example!

We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

View our latest analysis for New Hope

Crunching the numbers

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

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

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = AU$1.5b

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.9%. We discount the terminal cash flows to today's value at a cost of equity of 8.5%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = AU$189m× (1 + 1.9%) ÷ (8.5%– 1.9%) = AU$2.9b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= AU$2.9b÷ ( 1 + 8.5%)¹⁰= AU$1.3b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$2.8b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of AU$2.0, the company appears quite good value at a 40% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

The assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at New Hope as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.5%, which is based on a levered beta of 1.391. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. Why is the intrinsic value higher than the current share price? For New Hope, we've compiled three important elements you should look at:

1. Risks: As an example, we've found 2 warning signs for New Hope that you need to consider before investing here.

2. Future Earnings: How does NHC's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

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

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

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

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

LOS ANGELES, Aug. 25, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.

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

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

AdaptHealth Corp. (NASDAQ: AHCO)
Class Period: November 11, 2019 – July 16, 2021
Lead Plaintiff Deadline: September 27, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) 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, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Concho Resources Inc. (NYSE: CXO)
Class Period: February 21, 2018 – July 31, 2019
Lead Plaintiff Deadline: September 28, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the well spacing at Dominator was aggressive and highly risky, and premised on no reasonable basis to believe it would work as intended; (2) Concho's practice of implementing tighter well spacing was not relegated to a handful of "tests" and therefore more widespread than the market was led to believe; (3) it was known or recklessly disregarded that any measures to mitigate well spacing risks were non-existent and or/impossible; (4) these risks had manifested during the Class Period, causing underground well interference and permanently decreasing production, forcing the Company to scale back production targets and adopt more conservative spacing measures in its other projects; (5) it would take multiple quarters to unwind the impacts of the widespread well spacing failure; and (6) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Zymergen Inc. (NASDAQ: ZY)
IPO: April 2021
Lead Plaintiff Deadline: October 4, 2021

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

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

LONDON, UK / ACCESSWIRE / August 25, 2021 / Anglo Pacific Group PLC ('Anglo Pacific' or the 'Group') (LSE:APF)(TSX:APY) announces that Julian Treger has indicated that he wishes to step down from his role as Chief Executive Officer ('CEO') in due course after eight years in the role. Mr Treger will remain as CEO, leading the team and the Group's strategic objectives as normal until 31 March 2022, thus ensuring a smooth transition to new leadership for Anglo Pacific.

Mr Treger joined Anglo Pacific in October 2013 and has been instrumental in leading the transition of the business away from coal and towards 21^st century commodities aligned to the decarbonisation of energy which will be required to meet climate change goals.

He has led the Group's US$450m investments over the last eight years, including the transformative US$205m Voisey's Bay cobalt stream acquisition, which was completed in March 2021. These acquisitions now mean that over 60% of the Group's asset base by value are in base and battery metals.

Equally important, Mr Treger has built a strong team with considerable experience of originating, executing, and financing acquisitions, thereby ensuring that the business will continue to grow in the future.

In the meantime, the Nomination Committee has, in accordance with its succession planning framework, commenced a comprehensive search process to choose a new CEO and will update the market on progress in due course.

Commenting on his decision, Julian Treger, outgoing CEO:
"2021 has been truly transformational for Anglo Pacific, as we completed our largest ever acquisition in March of the Voisey's Bay cobalt stream. The Company has been transformed from predominantly a single producing royalty holder in 2013, which is when I took over, to a business with a stable revenue profile and exposure to commodities which should be key towards the transition away from fossil fuels and into cleaner energy and technology.

With an experienced management team in place, it now feels like the right time to hand over to somebody new and for me to pursue other business interests in due course. During the transition period, I will remain committed to all of our stakeholders and will give the Board and management all possible support during the succession process so we can find a suitable, new CEO to steer Anglo Pacific through its next phase of growth.

I have thoroughly enjoyed my time at Anglo Pacific, and I would like to thank my Board colleagues both past and present and the talented and dedicated team which I will leave behind. I strongly believe they will continue to grow the business into one of the leading royalties and streaming businesses globally."

Patrick Meier, Chairman, commented:
"I would like to thank Julian for his success in transforming the fortunes of Anglo Pacific. The business today is barely recognisable from that which he took over, and he had the vision and leadership to pivot towards commodities which will be vital to achieving climate change goals with sustainability firmly at the forefront. His commitment and astute investment skills have been key to our success.

On behalf of the Board, I would like to give our appreciation for all Julian has done in creating the Company which we are today. He will leave after the transition period with our very best wishes, and we have no doubt that he will continue to be successful in whatever he does next."

Enquiries:

Notes to Editors
About the Company
Anglo Pacific PLC is a global natural resources royalty and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

Important Information
This Announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of the UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Anglo Pacific Group PLC

View source version on accesswire.com:
https://www.accesswire.com/661244/Anglo-Pacific-Group-PLC-Announces-Chief-Executive-Officer-Transition

Two rare diamonds have been sold by Petra Diamonds (PDL.L) for a total of $13.5m (£9.8m). 

A 342.92 carat white diamond (previously announced on 28 July 2021) and an 18.30 carat blue diamond, both recovered at the Cullinan Diamond Mine in South Africa, have been sold into a partnership with Stargems. 

Petra said in a release that it will receive an upfront payment of $10m for the 342.92 carat stone and US$3.5m for the 18.30 carat stone, as well as retaining a 50% interest in the profit uplift of the polished proceeds of both diamonds, after costs.

“These two diamonds are wonderful examples of the very high quality and rare white and blue diamonds that are so well known from the Cullinan Diamond Mine," said Richard Duffy, CEO of Petra. 

"We are delighted that both stones will be manufactured in South Africa and it is fitting that we will be working with Stargems, who specialise in the sourcing and supply of the finest diamonds to customers across the world.”

Read more: FTSE edges up as pound falls in quiet day for markets

The Cullinan mine earned its place in history with the discovery of the Cullinan diamond in 1905, the largest rough gem diamond ever found at 3,106 carats.

This stone was cut into the two most important diamonds which form part of the Crown Jewels in the Tower of London.

These included the First Star of Africa, which is mounted at the top of the Sovereign’s Sceptre and which at 530 carats is the largest flawless cut diamond in the world, and the Second Star of Africa, a 317 carat polished diamond which forms the centrepiece of the Imperial State Crown.

Watch: Should I book a holiday in 2021?

TORONTO, ON / ACCESSWIRE / August 25, 2021 / Bold Ventures Inc. (TSXV:BOL)(the "Company" or "Bold") is pleased to report that Jeff Wareham has joined the Company's Board of Directors. Mr. Wareham has extensive experience in the financial services, private and public equity sectors. "We are very happy that Jeff has joined our Board of Directors. His knowledge, experience, and network will certainly strengthen the Company," commented Bold CEO David Graham.

In other news, the Company announces the resignation of Rodger Roden as Chief Financial Officer and the appointment of Robert Suttie as his replacement in that position. Mr. Graham stated, "On behalf of the Board and Management at Bold, I would like to extend our thanks and appreciation to Rodger for a decade of professional service to the Company and wish him the best in his future endeavors."

Mr. Suttie brings over twenty-five years of accounting experience with a variety of corporate entities ranging from private firms to a variety of publicly traded companies on the TSX and TSX-Venture exchange. "We are very pleased that Rob has come on board. Having worked with Rob in the past, I am sure it will be a comfortable fit with a seamless transition," remarked Mr. Graham.

For complete biographies of the Company's Management and Board of Directors please visit www.boldventuresinc.com.

The Company announces, subject to exchange approval, it has granted a total of 500,000 options to a director and an officer of the Company. In accordance with the Company's stock option plan, the granted options are exercisable at $0.09 per share, have a term of five years, and vest immediately.

As a result of the current COVID-19 virus concerns, the Company's management and contractors are following public guidelines and taking recommended steps to protect the health and safety of all personnel while carrying out operations. As a result of the COVID-19 pandemic giving rise to local and national anti-virus measures, the scheduling of activities are subject to change. COVID-19 impacts may affect timing and availability of goods and services for the foreseeable future.

Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.

About Bold Ventures Inc.

The Company explores for Gold and Base Metals in Canada. Bold is exploring properties located within active gold camps of Northern Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit www.boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

"David B Graham"
David Graham
President and CEO

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

SOURCE: Bold Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/661205/Bold-Ventures-Welcomes-New-Director-and-New-CFO

VANCOUVER, British Columbia, Aug. 25, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper” or the “Company”) is pleased to announce that the Company has completed the non-brokered private placement (the “Private Placement” or “Financing”) and raised gross proceeds of approximately Cdn $1,100,000 with two subscribers.

The Financing was subscribed for equally by Nascent Exploration Pty Ltd., a wholly owned subsidiary of Fortescue Metals Group Ltd. (collectively “Fortescue”) and Lind Global Fund II, LP, an institutional investment fund managed by The Lind Partners, LLC (collectively "Lind").

A total of 8,800,000 common shares of the Company (the “Shares”) were sold at a price of Cdn$0.125 to raise gross proceeds of Cdn $1,100,000. The Shares are subject to a statutory 4 month and one day hold period. The proceeds of the Private Placement are to be used to advance the Cañariaco Project as well as for general corporate and working capital purposes.

“Funding from the private placement will continue to unlock value for shareholders as we are now well financed to complete an updated Preliminary Economic Assessment (“PEA”) which will better define opportunities with potential to lower initial capital expenditures, operational costs and enhance our environmental, social and governance practices as recently identified by Ausenco. The funds will also allow us to further advance our permitting for drilling and our community work,” commented Joanne Freeze, CEO.

About The Lind Partners
The Lind Partners is an institutional fund manager and leading provider of growth capital to small and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind makes direct investments ranging from US$1 to US$30 million, invests in syndicated equity offerings and selectively buys on market. Lind has completed more than 100 direct investments totaling over US$1 Billion in value and has been a flexible and supportive capital partner to investee companies since 2011. For more information, visit http://www.thelindpartners.com.

About Fortescue Metals Group
A proud West Australian company, Fortescue is a global leader in the iron ore industry, recognised for its culture, innovation and industry-leading development of world class infrastructure and mining assets in the Pilbara, Western Australia. Since Fortescue was established in 2003, Fortescue has discovered and developed major iron ore deposits, constructed some of the most globally significant mines and has grown to be one of the world’s largest producers of iron ore. Delivering consistent operational excellence, Fortescue’s integrated mining, rail, shipping and marketing teams work together to export 180-185 million tonnes of iron ore annually (FY22 guidance) and the Company’s commitment to technology and innovation ensures it remains one of the world’s lowest cost iron ore producers. Fortescue has an active global exploration program and through its wholly-owned subsidiary Fortescue Future Industries, is leading the global energy transition by developing a portfolio of large scale renewable energy and green hydrogen / ammonia projects. Fortescue has increased its interest in the Company from 18.9% to 19.9% with this Private Placement.

The Private Placement is subject to Candente Copper’s completion of its final filings with the Toronto Stock Exchange.

About Candente Copper

Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

Joanne C. Freeze, P.Geo., CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She has reviewed and approved the contents of this release.

This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to the expected impact of the Financing, the expected timing of closing of the Financing, the potential for discovery on the Cañariaco Property and other statements that are not historical facts including comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, the completion of a favourable PEA and the expected results thereof and the acquisition of various permits. While such forward-looking information is expressed by Candente Copper in good faith and believed by Candente Copper to have a reasonable basis, they address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Candente Copper’s MD&A. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, metal prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Candente Copper expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:

“Joanne C. Freeze” P.Geo.
President, CEO and Director
Tel +1 604-689-1957
info@candentecopper.com
www.candentecopper.com

NR-136

CALGARY, ALBERTA –News Direct– Lithium Chile Inc.

CALGARY, ALBERTA – TheNewswire – August 25, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) (TSXV:LITH) (OTC:LTMCF) is pleased to announce that the Company’s planned production test well began drilling on its Arizaro property in Salta Province, Argentina, on August 23.

Steve Cochrane, President and CEO of Lithium Chile commented: “I am extremely pleased at the speed with which our Argentinian management team has been able to plan and execute on our Arizaro production test well. They have assembled a group of service providers that are regarded as the best in Salta province and I am confident they will bring this project in successfully on time and on budget. Given the immense size and potential of the Arizaro prospect this is truly a game changing opportunity for Lithium Chile”

HIGHLIGHTS

1. – Arizaro property secured: definitive agreement to acquire 60% interest in Arizaro property has now been executed and Lithium Chile’s wholly owned Argentinian subsidiary, Argentum Lithium – legally incorporated and registered;

   – Indigenous Community Approval: Production test program approved and supported by the Indigenous community of Tolar Grande;

   – Infrastructure construction underway: SMG Group hired to build access road and drill pad for production well, 17 km access road completed;

   – Drilling Rig ‘ready to start’: Drilling contractor, Andina Perforaciones, has been contracted to work on the Arizaro property and is currently mobilizing the drill rig;

   – Pandemic not affecting timetable – the timetable is currently unaffected by Covid restrictions

Road and Infrastructure construction commenced on the August 9, 2021 and was completed on August 20. Seventeen km. road and drill pad have been completed, fuel tanks have been set up and brine pits have been dug. The production test well drilling will commence the week of August 23, 2021.

The initial production test well will be drilled to a depth of 500 metres and is anticipated to take 60 days to complete. Geophysics show that the target brine aquifer identified by the prior exploration well is between 300 and 500 metres deep. Samples are planned for every 50 metres. After the production well is completed a down hole pump will be installed and a planned 30-day pump test is planned. This pump test is designed to provide data on flow rates, recharge capacity and lithium grade of the brine produced. The data collected will determine the commercial potential of the lithium prospect.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 68,000 hectares covering sections of 12 lithium prospective Salars in Chile and now, 23,300 hectares in Argentina. A metallurgical sample program has just been completed on Salar de Laguna Blanca with assays pending.

Lithium Chile also owns 5 properties, totaling 22,429 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-BB under the symbol “LTMCF”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com

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

NOT FOR RELEASE IN THE UNITED STATES OF AMERICA

Forward Looking Statements

This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur.

You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Contact Details

Steven Cochrane, President and CEO

steve@lithiumchile.ca

Company Website

https://lithiumchile.ca/

View source version on newsdirect.com: https://newsdirect.com/news/lithium-chile-signs-definitive-agreement-and-begins-drill-program-on-its-production-test-well-on-the-arizaro-property-in-argentina-on-track-and-ahead-of-schedule-144624506

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. The Mosaic (MOS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MOS and the rest of the Basic Materials group's stocks.

The Mosaic is one of 251 individual stocks in the Basic Materials sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MOS is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for MOS's full-year earnings has moved 39.90% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, MOS has gained about 35.85% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 9.08% on average. This means that The Mosaic is outperforming the sector as a whole this year.

Looking more specifically, MOS belongs to the Fertilizers industry, a group that includes 7 individual stocks and currently sits at #10 in the Zacks Industry Rank. Stocks in this group have gained about 15.07% so far this year, so MOS is performing better this group in terms of year-to-date returns.

Investors in the Basic Materials sector will want to keep a close eye on MOS as it attempts to continue its solid performance.

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VANCOUVER, BC / ACCESSWIRE / August 24, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to update exploration progress on the Company's wholly owned 586 square kilometer Klondike District Project near Dawson City, Yukon Territory.

Update Summary of 2021 Exploration Program

• Drill Phases 1, 2 and 3 are complete. Awaiting assays from 45 holes totaling 6,532 meters drilled.

• New Phase 4 1,500 m drill program added to include new high-priority targets generated by prospecting, scheduled to begin early September.

• Re-interpretation and detail analysis of 2019 LIDAR survey by GeoCloud Analytics of Melbourne, Australia, in progress with encouraging preliminary results.

• LIDAR Industries hi-res ortho-photo survey flight is complete with final results pending.

• SRK Consulting is contracted to prepare a NI 43-101 Technical Report. Field work and site visits are complete, report writing is underway, with filing expected by Q4 2021, contingent on timing on drill core assays to be included.

Drilling Update:

The 2021 exploration program was designed primarily around three phases of drilling with Phase 1 reconnaissance targeting Virgin and Lindow, and then phase 2 and 3 targeting areas of the Lone Star Zone and Stander Zone respectively for extensions to mineralization to be included in a planned maiden mineral resource study.

Phase 1 test of the Virgin and Lindow showing was completed in May with a total of 356 meters of core drilled in five holes; three at Virgin Mine and two at Lindow targets. (see NR May 26, 2021)

Phase 2 drill testing of the Lone Star Zone is complete. The Lone Star ‘East' area (Phase 2a), the potential eastern extension of the drilled Lone Star Zone, was tested with 12 holes totalling 1,222 meters. The Lone Star ‘Deep' area (Phase 2b), the downslope and potential down-dip extension of the drilled Lone Star Zone, was tested with 13 holes totalling 2,661 meters. (See Figure 1). Samples from all holes have been submitted for analysis.

Final results for the earliest drilled holes are expected to become available within the next 10 days.

Figure 1: Lone Star Zone Target Areas and 2021 Drill Holes.

Phase 3 drill testing of the Stander Zone is complete. A total of 20 holes totalling 2,649 meters tested for down-dip and along-strike extensions of the drilled Stander Zone mineralization. (See Figure 2). Samples from all Stander Zone holes have now been submitted to the lab for analysis.

Figure 2: Stander Zone Target Areas and 2021 Drill Holes.

Ongoing Exploration

A Phase 4 addition to the 2021 drilling program consisting of approximately 15 holes totalling 1,500 meters is planned to include testing a new target area located by recent prospecting described below. Phase 4 drilling is scheduled to being in early September.

Peter Tallman, President and CEO comments, "Recent prospecting efforts have targeted LIDAR features interpreted as faults identified from a 2019 high resolution survey of the Company's entire Klondike District Project. This work has located blocks of sub-cropping quartz veining with coarse pyrite and (rarely) visible gold associated along a 2km LIDAR feature which is a compelling new exploration target for Phase 4 drill testing."

Preliminary non-quantitative ICP analyses indicate the presence of gold in the samples; full prospecting assays are pending.

Klondike Gold has contracted GeoCloud Analytics of Melbourne, Australia to complete a detailed re-interpretation of the 2019 LIDAR survey data. This work is intended to substantially increase the overall resolution of the original survey and to identify and systematically map key features that will help the Company target additional areas of potential mineralization. The work is in progress.

Klondike Gold has contracted LiDAR Services International Inc. to complete a high resolution orthophoto survey over key areas of the Klondike District Project. The survey has been flown with final results pending. Preliminary results have identified a large number of undocumented prospect pits and workings, and also significant faults that have been masked by ground cover and permafrost. These are high priority prospecting targets to examine in September.

SRK Consulting of Toronto have been contracted to prepare a NI 43-101 Technical Report summarizing geology and exploration on the Company's Klondike District Project. Site visit field review has been completed. The report is anticipated to be completed for filing by Q4 2021. Previously in 2018 and 2019 SRK Consulting was contracted to provide services related to structural mapping and implementation of oriented core protocols.

QUALIFIED PERSONS REVIEW

The technical and scientific information contained within this news release has been reviewed and approved by Ian Perry, P.Geo., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as defined by National Instrument 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.

COVID-19 UPDATE

Klondike Gold continues to take proactive measures to protect the health and safety of our local host community, our contractors and our employees from COVID 19. Exploration activities in 2021 continue to have additional safety measures in place, following and exceeding all the recommendations made by the Yukon's Chief Medical Officer.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

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

Disclaimer for Forward-Looking Information

"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required."

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/661039/Klondike-Gold-Drills-45-Holes-Totalling-6532-meters-and-Expands-Drill-Program

MELBOURNE, Australia, August 24, 2021–(BUSINESS WIRE)–Rio Tinto and Sumitomo Corporation today announced a partnership to study the construction of a hydrogen pilot plant at Rio Tinto’s Yarwun alumina refinery in Gladstone and explore the potential use of hydrogen at the refinery.

The two global companies have signed a letter of intent that focuses on Yarwun as the location for a Gladstone hydrogen plant that Sumitomo has been studying. If the project proceeds, the pilot plant would produce hydrogen for the recently announced Gladstone Hydrogen Ecosystem.

The study supports the efforts of Australian, Queensland and local governments to establish Gladstone as a clean hydrogen hub of the future.

Rio Tinto Australia Chief Executive Kellie Parker said "Rio Tinto has a long relationship with Sumitomo and we are delighted to partner with them to explore the possibilities of hydrogen, not only for our own refinery, but for Sumitomo to supply industry more broadly in Gladstone.

"Reducing the carbon intensity of our alumina production will be key to meeting our 2030 and 2050 climate targets. There is clearly more work to be done, but partnerships and projects like this are an important part of helping us get there."

Sumitomo Corporation’s Energy Innovation Initiative Director Hajime Mori said "We are excited about working together with Rio Tinto as our long-term partner to develop this hydrogen project in Gladstone and working toward our company’s vision of achieving carbon neutrality by 2050.

"We believe the pilot plant will play a significant role in establishing the Gladstone Hydrogen Ecosystem.

"Sumitomo has commenced the Design Study and Preliminary Master Planning to build the Gladstone hydrogen ecosystem and we will continue to work towards future hydrogen exports from Gladstone.

Deputy Premier and Minister for State Development Steven Miles said Gladstone is an industrial powerhouse and this partnership presents a great opportunity for the region and for Queensland.

"This is only the beginning of a wave of international collaborations that will lead to new industries and new jobs underpinned by the supply of renewable energy," Mr Miles said.

"With the Palaszczuk Government’s strong commitment to creating more jobs in emerging industries, we will work to keep Queensland at the forefront of renewable hydrogen and the opportunities that come with it."

Minister for Energy, Renewables and Hydrogen Mick de Brenni said the Palaszczuk Government was developing Queensland’s Energy Plan to reinforce our platform for international partnerships focused on new technology and a stronger Australia.

"This is a plan to create a renewable energy ecosystem that will power our low-carbon ambitions to transform industry, create thousands of jobs for Queenslanders, and decarbonise not only Queensland but the nation."

Minister for Regional Development and Manufacturing and Minister for Water Glenn Butcher said the partnership would provide important economic opportunities for the entire Central Queensland region.

"Gladstone’s world-class deep water port, water security through Awoonga Dam, and industry attraction via the local State Development Area have set Gladstone up to become the hydrogen capital of Australia, providing massive employment and supply chain opportunities both locally and in the Central Queensland region."

The Sumitomo partnership complements a recently announced feasibility study into using hydrogen to replace natural gas in the alumina refining process at Yarwun and provides the potential for larger-scale implementation if the studies are successful.

About Rio Tinto:

Rio Tinto produces high-quality iron ore, copper, aluminium, and minerals that have an essential role in enabling the low-carbon transition. We have publicly acknowledged the reality of climate change for over two decades and have reduced our emissions footprint by over 30 percent in the decade to 2020. We have set 2030 targets to reduce our absolute emissions by 15% and our emissions intensity by 30% relative to our 2018 baseline. These targets are consistent with a 45% reduction in absolute emissions, relative to 2010 levels, and the Intergovernmental Panel on Climate Change (IPCC) pathways to 1.5°C. They are supported by our commitment to spend approximately $1 billion on emissions reduction initiatives over the first five years of the ten-year target period. In 2020, we set new Scope 3 emissions reduction goals to guide our partnership approach across our value chain. Read more about our approach to climate change: www.riotinto.com/invest/reports/climate-change-report

About Sumitomo Corporation:

Sumitomo Corporation ("SC") is a leading Fortune 500 global trading and business investment company with 135 locations (Japan: 22, Overseas: 113) in 66 countries and regions. The entire SC Group consists of more than 900 companies. SC conducts commodity transactions in all industries utilising worldwide networks, provides customers with financing, serves as an organiser and a coordinator for various projects, and invests in companies to promote greater growth potential. SC’s core business areas include six business units: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics, and one initiative: Energy Innovation.

Sumitomo Corporation established a new business organisation entitled the Energy Innovation Initiative (EII) in April 2021 which will carry this Gladstone project. In order to greatly contribute to the achievement of our long-term goals toward climate change mitigation, "Carbon neutralisation in 2050" and "Realisation of a sustainable energy cycle", we will accelerate our efforts for the materialisation of a hydrogen society by promoting hydrogen related businesses.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210823005690/en/

Contacts

Media Relations, United Kingdom
Illtud Harri
M +44 7920 503 600

David Outhwaite
T +44 20 7781 1623
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Australia
Jonathan Rose
T +61 3 9283 3088
M +61 447 028 913

Matt Chambers
T +61 3 9283 3087
M +61 433 525 739s

Jesse Riseborough
T +61 8 6211 6013
M +61 436 653 412

Investor Relations, United Kingdom
Menno Sanderse
T: +44 20 7781 1517
M: +44 7825 195 178

David Ovington
T +44 20 7781 2051
M +44 7920 010 978

Clare Peever
M: +44 7788 967 877

Investor Relations, Australia
Natalie Worley
T +61 3 9283 3063
M +61 409 210 462

Amar Jambaa
T +61 3 9283 3627
M +61 4 7286 5948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

media.enquiries@riotinto.com
riotinto.com

Follow @RioTinto on Twitter

Category: General

A look at the shareholders of Deep Yellow Limited (ASX:DYL) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

With a market capitalization of AU$231m, Deep Yellow is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Deep Yellow.

Check out our latest analysis for Deep Yellow

What Does The Institutional Ownership Tell Us About Deep Yellow?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Deep Yellow. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Deep Yellow, (below). Of course, keep in mind that there are other factors to consider, too.

It would appear that 7.6% of Deep Yellow shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Paradice Investment Management Pty Ltd. is currently the largest shareholder, with 9.4% of shares outstanding. Resource Capital Investment Corporation is the second largest shareholder owning 7.6% of common stock, and Collines Investments Ltd holds about 6.8% of the company stock. In addition, we found that John Borshoff, the CEO has 3.7% of the shares allocated to their name.

A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

Insider Ownership Of Deep Yellow

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Shareholders would probably be interested to learn that insiders own shares in Deep Yellow Limited. It has a market capitalization of just AU$231m, and insiders have AU$22m worth of shares, in their own names. This shows at least some alignment, but I usually like to see larger insider holdings. You can click here to see if those insiders have been buying or selling.

General Public Ownership

The general public — including retail investors — own 54% of Deep Yellow. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.

Private Company Ownership

Our data indicates that Private Companies hold 7.8%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Deep Yellow (at least 2 which make us uncomfortable) , and understanding them should be part of your investment process.

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

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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.

LONDON, August 24, 2021–(BUSINESS WIRE)–Rio Tinto has today commenced the process of restarting operations at Richards Bay Minerals (RBM) in South Africa. This follows a stabilisation of the security situation around the mine, supported by the national and provincial government, as well as substantive engagement with host communities and their traditional authorities.

Rio Tinto chief executive Minerals Sinead Kaufman said "The safety and security of our people has been our priority throughout and we recognise the collaboration and constructive dialogue we have had with all stakeholders to get us into a position where we can restart operations and resume contributing to the host communities, KwaZulu-Natal and South Africa. I also acknowledge the resilience and dedication shown by all our people at RBM over the past weeks."

Operations will be ramping up to capacity as soon as possible. The overall impact of the suspension of operations, including the shutdown of furnace number 4 as announced on 21 July 2021, is still to be assessed. At this time, the force majeure declared on customer contracts remains in place.

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210824005423/en/

Contacts

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

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

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

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

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

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

riotinto.com

Category: RBM

Vancouver, British Columbia–(Newsfile Corp. – August 24, 2021) – Quaterra Resources Inc. (TSXV: QTA) ("Quaterra" or the "Company") is pleased to announce the appointment of Mr. Nicholas Lewallen, P.E. as Director of Projects for the Company. Mr. Lewallen is a projects and construction professional with extensive experience advancing mining projects through to production in both domestic and international jurisdictions. Mr. Lewallen is a licensed Professional Engineer and holds a civil engineering degree from the University of Wyoming.

"I welcome Mr. Lewallen to the Company as the project leader for the advancement of the MacArthur oxide copper mine through our ongoing PFS efforts," stated Mr. Travis Naugle, CEO of Quaterra. "His track record in efficiently developing mining projects while maintaining high environmental standards will allow the Company to focus on delivering value to shareholders by advancing the project towards the domestic production of copper at the MacArthur mine. We look forward to continuing to demonstrate our commitment to developing our MacArthur oxide copper project, and other strategic copper assets, in the State of Nevada."

Quaterra Resources further announces the completion of the metallurgical sampling program for the MacArthur oxide copper project. Approximately 4,445 ft (1,355 m) of PQ-sized core were drilled, generating 12 tons (11 tonnes) of representative sample, thereby achieving a key intermediate step to the Pre-Feasibility Study (PFS). In addition to the completion of the metallurgical sampling program, assays from the 5,147 ft (1,569 m) of MacArthur oxide and sulfide resource drilling are expected in the near future.

Additionally, the Company announces that on August 20, 2021 it filed a Petition for Judicial Review of the Declaration of Forfeiture of certain water use permits and certificates long-held by the Company's wholly-owned subsidiary, Singatse Peak Services. This Petition is in response to the Declaration of Forfeiture the Company received from the Division of Water Resources of the State of Nevada on July 23, 2021.

About Quaterra Resources Inc.

Quaterra Resources Inc. is a copper-gold development and exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is advancing its MacArthur oxide copper project in the historic Yerington Copper District, Nevada. It continues to investigate opportunities to acquire prospects in North America on reasonable terms and the partnerships with which to advance them.

On behalf of the Board of Directors,

Stephen Goodman,
President, Quaterra Resources Inc.

For more information please contact:

Karen Robertson
Corporate Communications
778-898-0057

Email: info@quaterra.com
Website: www.quaterra.com

Disclosure note:

Some statements in this news release are forward-looking statements under applicable United States and Canadian laws. These statements are subject to risks and uncertainties which may cause results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not undertake to update any forward-looking statement that may be made from time to time except in accordance with applicable securities laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94175

When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.

Corvus Pharmaceuticals

The Trade: Corvus Pharmaceuticals, Inc. (NASDAQ: CRVS) President and CEO Richard A. Miller acquired a total of 10000 shares at an average price of $1.93. To acquire these shares, it cost $19,254.00.

What’s Happening: Corvus Pharmaceuticals recently announced that an investigational new drug application submitted by its partner in China, Angel Pharma for the initiation of a Phase 1/1b clinical trial of Corvus' CPI-818 for the treatment of relapsed/refractory T cell lymphomas has been accepted by the Center for Drug Evaluation of the China National Medical Products Administration.

What Corvus Pharmaceuticals Does: Corvus Pharmaceuticals Inc is a clinical-stage biopharmaceutical engaged in developing drugs and antibodies that target the most critical cellular elements of the immune system.

Hippo Holdings

The Trade: Hippo Holdings Inc. (NYSE: HIPO) Director Noah Knauf acquired a total of 167213 shares shares at an average price of $4.37. The insider spent $730,720.81 to buy those shares.

What’s Happening: Hippo Holdings recently raised its full-year total generated premium guidance.

What Hippo Holdings Does: Hippo Holdings is a home insurance group that created a new standard of care and protection for homeowners.

Comstock Mining

The Trade: Comstock Mining Inc. (NYSE: LODE) Director Leo Drozdoff acquired a total of 17000 shares at an average price of $2.75. To acquire these shares, it cost $46,750.00.

What’s Happening: The company recently reported downbeat quarterly results.

What Comstock Mining Does: Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada.

Hill International

The Trade: Hill International, Inc. (NYSE: HIL) Director Paul Evans acquired a total of 30600 shares shares at an average price of $2.28. The insider spent $69,874.00 to buy those shares.

What’s Happening: Hill International was recently selected by the City of Philadelphia, Division of Aviation, to provide Capital Program Administration support services for the City's ongoing Capital Program at Philadelphia International Airport (PHL). Terms of the contract were not disclosed.

What Hill International Does: Hill International provides project and construction management, and other consulting services for the buildings, transportation, environmental, energy, and industrial markets.

See more from Benzinga

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

VANCOUVER, British Columbia, Aug. 24, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

• Minera Salar Blanco (“MSB”) continues to work with Mitsui & Co. Ltd. on its due diligence, along with process testing of samples of Maricunga brine in its Japanese facility.

• It is expected that the existing non-binding MOU with “MSB”, announced to the TSX/ASX on 11 May 2021, will progress to be binding in Q1 2022.

• An updated JORC/43-101 Resource Report is due for finalization and release mid-September 2021.

• An updated Definitive Feasibility Study (DFS) is due for release in early November 2021.

• “MSB” is also pleased to advise that it is in discussions with several other potential international partners to take a financial position, with both debt and/or equity, in the development of the project.

Lithium Power International Limited (ASX:LPI) 50.6% majority owner of Minera Salar Blanco (“MSB”) announced today the completion of a placement gross proceeds of $AUD 12.4 million. Funds raised from the Placement will be used for ongoing funding for Minera Salar Blanco (“MSB”) in the development of the Maricunga Lithium Brine Project (“Maricunga”) and for renewed exploration programs in Western Australia.

Bearing Lithium’s Chairman Gil Playford commented:

“On July 19, 2021 Bearing announced a private placement of $CAD 1.6 million. Bearing invested $US 1.2 million in “MSB” on August 3, 2021 for its share of equity requirements in “MSB” for 2021, prior to a final investment decision in Maricunga for 2022.”

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.com

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

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Crude prices recovered for the second day in a row, fueled by optimism about falling COVID-19 infections in China and by a major production outage in the Gulf of Mexico

Source: Baker Hughes.

Chart of the Week

Indian Crude Imports Drop to 1-Year Low in July

– Indian demand seems to have bottomed out in July, hitting a 1-year low in crude oil imports at 3.4 million b/d.

– The weak readings come from a double whammy of refinery maintenance in at least six major refineries across the country and still-high product stocks that were slow to clear during the April-May lockdowns.

– With the monsoon season largely over and refineries coming back from seasonal maintenance, forthcoming months should see tangible improvements, boosted by a narrowing Brent-Dubai EFS (ie more arbitrage barrels coming in).
– August imports so far seem to be indicating a gradual rebound in Indian demand, with arrivals between August 01-23 averaging 3.8 million b/d, up by 400,000 b/d month-on-month.

Market Movers

– S&P warned that it might downgrade the credit rating of Australian energy firm BHP (NYSE:BHP) after it sold its oil business to Woodside in a nil-premium merger. The potential downgrade to BBB+ would see BHP’s rating drop to its lowest level since it was first rated in 1995.

– Brazil’s NOC Petrobras (NYSE:PBR) launched operations at its 180 kbpd Carioca FPSO in the Sepia field, some 200km off the coast in water depth of 2200 meters. Petrobras’ stocks failed to react so far.

– Royal Dutch Shell (NYSE:RDS.A) lost its OML 11 block in Nigeria after a court decision ruled the Anglo-Dutch major wasn’t entitled to renew it, coming only several weeks after Shell paid a $111 million fine for a decades-old oil spill. Shell’s leaving Nigeria seems imminent now.

Tuesday, August 24, 2021

Crude prices recovered somewhat from last week’s freefall, boosted by improving signals coming out of East Asia (China reporting no locally transmitted infections) as well as the Ku-Maloob-Zaap platform seeing a major supply disruption in offshore Mexico. ICE Brent quotes swung back above the $70 per barrel mark, whilst WTI futures trended around $67.5 per barrel, further extending the widening Brent-WTI spread.

Hedge Funds Keep on Selling Crude. Hedge funds and money managers have sold petroleum for the seventh time in nine weeks, Reuters reports, as demand concerns have bitten into the summer season’s bullish sentiment. The sales were equivalent to 40 MMbbls in the six most important futures in the week to 17 August.

Ku-Maloob-Zaap Fire Debilitates Mexico Offshore Output. A fire on a PEMEX-operated offshore oil platform connected to the Ku-Maloob-Zaap complex (40% of Mexico’s crude output) killed at least 5 people, forcing the Mexican NOC to decrease output as the platform ran out of natural gas for reinjection.

Guyana to Pick Crude Marketer from 15 Companies. Fifteen companies have bid to become Guyana’s crude oil marketer, with China’s Sinochem (SH:600500) bidding the lowest price at $0.02 per barrel. The lowest bid might not guarantee the deal as Guyana was seeking for an experienced trading company with solid monthly crude marketing volumes.

ExxonMobil Negotiates PNG Deal Again. The government of Papua New Guinea relaunched talks with US major ExxonMobil (NYSE:XOM) on the P’nyang gas project following a 2-year hiatus. The negotiations were broken off after the two sides failed to agree if P’nyang should be channeled into a separate train of PNG LNG.

Baltic Freight Index Rises to Highest Since 2010. The Baltic Exchange’s sea freight Baltic Index continues to soar, now standing at 4,147 points, with capesize rates increasing for 11 straight sessions already. Shipping constraints in China coupled with robust commodity demand remain the main drivers of the ongoing freight rate surge.

GM Recalls Every Chevy Bolt EV. General Motors (NYSE:GM) indefinitely halt the sales of all Chevy Bolt EVs and recalled all models produced in 2019-2022 due to fire risks from the car’s high-voltage battery pack, dealing a $1 trillion blow to the US carmaker.

Panama Canal Maintenance to Sap Transit Capacity. The Panama Canal will go into scheduled maintenance between 29 August – 10 September, pushing up freight prices in the Western Hemisphere and severely impacting the transiting capacity for non-booked ships which will be forced to wait 14-15 days to pass.

Chinese Merger to Create Third-Largest Steelmaker. The long-mooted merger of Chinese steelmakers Ansteel Group and Ben Gang has started last week, propelling the new firm to become the third globally after Baowu Group and ArcelorMittal (AMS:MT) amid a wide-ranging consolidation drive within China’s bloated steel sector.

Gazprom Ups 2021 Price Forecast. Russian gas giant Gazprom (MCX:GAZP) has revised its 2021 average European sales price for the third time this year already, hiking it to $270 per Mcm, sending its stock to an all-time high.

Afghanistan Runs Risk of Product Dearth. Following Taliban’s takeover of Afghanistan, product exports to Afghanistan (which doesn’t have a conventional refinery) stopped altogether. Before August most of the 20-25kbpd of products supplied to the country was railed in from the Turkmenbashi Refinery in Turkmenistan, currently only Iran supplies fuel across the border.

Chinese Coking Coal Futures Soar. Coke and coking coal futures on the Dalian Commodity Exchange surged this week amidst rumours of an impending two-week suspension in coal imports from Mongolia, with the latter trading at an all-time high of 3050 yuan per tonne ($470 per tonne).

BP Drills First Exploration Well in Azerbaijan’s SWAP Block. Operating the Shallow Water Absheron Peninsula (SWAP) block offshore Azerbaijan, UK-based major BP (NYSE:BP) spudded the first wildcat in the acreage at the North Khali area in water depths of some 40 meters.

Gold Steady Above the $1,800/oz Mark. Following a surge late last week, gold prices remained above the $1,800 per ounce threshold, back to where they were a month ago, as investors continue to speculate whether the US Federal Reserve would delay tapering or not.

By Tom Kool for Oilprice.com

More Top Reads From Oilprice.com:

• Europe Faces LNG Supply Crunch
  

• Brent Climbs Back Above $70 On Major Production Outage
  

• ‘Skimming Stones’ Pattern Shows Wall Street Is Wrong About Oil

Read this article on OilPrice.com

(Bloomberg) — BHP Group and Mitsubishi Corp. will deploy electric pickup trucks and fast-charging units at an Australian coal mine to test technology that could aid the challenging task of cutting the sector’s greenhouse gas emissions.

The BHP Mitsubishi Alliance joint venture, Australia’s top coal producer, will initially use two of Canadian firm Miller Technology Inc.’s Relay trucks to transport workers at the Broadmeadow mine in Queensland. The vehicles — which can be juiced up in about 20 minutes for a 10-hour shift — will be backed by Tritium Pty Ltd. chargers that are adapted for use in harsh mining environments.

Miners are beginning to test out options to replace their vast diesel-powered fleets, including pickups and excavators, with zero-emissions alternatives, a step that could assist in curbing the industry’s sprawling climate footprint. Fortescue Metals Group Ltd. is adding hydrogen fuel-cell buses, while BHP, Vale SA and Rio Tinto Group have challenged suppliers to speed up development of large electric haul trucks.

Eliminating all combustion-engine vehicles at mines would require major investment and only tackle a portion of their pollution. Use of diesel, including by mining equipment, accounts for about 40% of BHP’s so-called scope 1 and 2 greenhouse gas emissions, the company said in its most recent annual climate report.

“The new electric transporters are a major step toward safer and more sustainable underground mining,” BMA President James Palmer said in a statement. The Relay trucks will replace diesel vehicles at the mine, and BMA plans a broader fleet replacement program that will eventually retire its entire diesel fleet.

Brisbane-based charger manufacturer Tritium, which in May reached an agreement to go public via a merger with a special purpose acquisition company, sees further opportunities to supply charging equipment to miners.

Read: Fastest Electric Car Chargers Waiting for Batteries to Catch Up

The industry will need “charging technology that is sealed to protect against sediment, dust and moisture, and rated to operate in harsh conditions,” Jane Hunter, Tritium’s chief executive officer, said in a statement.

BHP is seeking to lower greenhouse gas emissions from its own operations — a small fraction of the total — by almost a third by 2030 and to zero by 2050. The company last week agreed to split off its oil and gas unit to accelerate a retreat from fossil fuels, and is working with customers to reduce emissions.

(Updates with details in third paragraph.)

More stories like this are available on bloomberg.com

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

©2021 Bloomberg L.P.

New York, New York–(Newsfile Corp. – August 24, 2021) – Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Piedmont Lithium Inc. (NASDAQ: PLL).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18887&from=5

Affected shareholders purchased shares of PLL between March 16, 2018 and July 19, 2021

Shareholders interested in representing the class of wronged shareholders have until September 21, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Piedmont Lithium Inc. issued 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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94225

In this article, we discuss the 12 stocks Stanley Druckenmiller is selling. If you want to skip our detailed analysis of these stocks, go directly to the Stanley Druckenmiller is Selling These 5 Stocks.

Stanley Druckenmiller, the chief of New York-based Duquesne Capital, is a titan of the investing world with an impressive investing history going back over three decades. His hedge fund manages more than $3.4 billions in assets, according to the latest securities filings released at the end of the second quarter of 2021, with the top ten holdings heavily dominated by large technology companies. The top five holdings alone comprise more than 40% of the portfolio. The hedge fund led by Druckenmiller returned 43% in 2020 and was up 17% by May 2021.

According to business news publication Bloomberg, the net worth of Druckenmiller – which presently stands at around $6.8 billion, per Forbes – has increased by $4.6 billion this year. Druckenmiller has managed to do this with shrewd investments focused in the growth sector. Some of the top holdings in the portfolio of Duquesne Capital at the end of the second quarter of 2021 were Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), among others.

Between March and June this year, Druckenmiller trimmed stakes in five of his top ten holdings. Together, the top five stocks in which his fund slashed stakes in the second quarter now account for around 30% of the portfolio. The billionaire, who rose to prominence on Wall Street by shorting the British pound along with George Soros in the early 1990s, founded his fund in the early 1980s and never had a losing year on record before converting the fund into a family office in 2010.

Druckenmiller has in recent years become the architect of the tech-led disruption that is sweeping the finance world. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Our Methodology

With this context in mind, here is our list of the 12 stocks Stanley Druckenmiller is selling.

The stocks were ranked according to the investment portfolio of Duquesne Capital at the end of the second quarter of 2021. The percentage declines in the stakes in the second quarter when compared to the filings for the first three months of the year are mentioned alongside each pick.

Stanley Druckenmiller is Selling These Stocks

12. Palo Alto Networks, Inc. (NYSE: PANW)

Number of Hedge Fund Holders: 69

Percentage Decline in Stake in Q2: 2%

Palo Alto Networks, Inc. (NYSE: PANW) is a California-based cybersecurity solutions provider. It is placed twelfth on our list of 12 stocks Stanley Druckenmiller is selling. Duquesne Capital owned 411,015 shares in the company at the end of the second quarter of 2021, representing 4.37% of the portfolio. The shares are worth $152 million. The fund has trimmed stake in the company by 2% compared to the end of the first quarter of the year.

On August 24, investment advisory Truist kept a Buy rating on Palo Alto Networks, Inc. (NYSE: PANW) stock and raised the price target to $475 from $425, noting that the fourth fiscal quarter earnings beat of the company was “impressive”.

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based firm Viking Global is a leading shareholder in Palo Alto Networks, Inc. (NYSE: PANW) with 2.6 million shares worth more than $979 million.

11. Freeport-McMoRan Inc. (NYSE: FCX)

Number of Hedge Fund Holders: 68

Percentage Decline in Stake in Q2: 11%

Freeport-McMoRan Inc. (NYSE: FCX) is an Arizona-based mining company. It is ranked eleventh on our list of 12 stocks Stanley Druckenmiller is selling. Regulatory filings reveal that Duquesne Capital owned over 5.4 million shares in the firm at the end of June 2021, representing 5.82% of the portfolio. The shares are valued at more than more than $202 million. The fund has decreased stake in the firm by 11% compared to the end of March 2021.

On July 23, investment advisory Deutsche Bank maintained a Buy rating on Freeport-McMoRan Inc. (NYSE: FCX) stock and lowered the price target to $47 from $50, noting that the capex would increase as the firm invested in growth projects.

At the end of the second quarter of 2021, 76 hedge funds in the database of Insider Monkey held stakes worth $3.8 billion in Freeport-McMoRan Inc. (NYSE: FCX), up from 68 in the preceding quarter worth $3.2 billion.

10. Reata Pharmaceuticals, Inc. (NASDAQ: RETA)

Number of Hedge Fund Holders: 18

Percentage Decline in Stake in Q2: 16%

Reata Pharmaceuticals, Inc. (NASDAQ: RETA) is placed tenth on our list of 12 stocks Stanley Druckenmiller is selling. The company operates from Texas as a biopharmaceutical firm. Latest data shows that Duquesne Capital owned 637,344 shares in the company at the end of the second quarter of 2021, representing 2.58% of the portfolio. The shares are valued at over $90 million. The fund has trimmed stake in the company by 16% compared to the filings for the first quarter of the year.

On May 24, investment advisory Goldman Sachs initiated coverage of Reata Pharmaceuticals, Inc. (NASDAQ: RETA) stock with a Buy rating and a price target of $236, noting that the advisory was optimistic about the approval of the lead drug of the firm.

At the end of the second quarter of 2021, 18 hedge funds in the database of Insider Monkey held stakes worth $305 million in Reata Pharmaceuticals, Inc. (NASDAQ: RETA), down from 24 the preceding quarter worth $266 million.

Unlike Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), Reata Pharmaceuticals, Inc. (NASDAQ: RETA) is one of the stocks Stanley Druckenmiller is selling.

9. Teck Resources Limited (NYSE: TECK)

Number of Hedge Fund Holders: 40

Percentage Decline in Stake in Q2: 19%

Teck Resources Limited (NYSE:TECK) is ranked ninth on our list of 12 stocks Stanley Druckenmiller is selling. The company operates from Canada as a mining firm. Duquesne Capital owned over 3.7 million shares in the company at the end of June 2021, representing 2.46% of the portfolio. The shares are valued at more than $85 million. The fund has slashed stake in the company by 19% compared to the end of March.

On July 28, investment advisory Raymond James maintained an Outperform rating on Teck Resources Limited (NYSE:TECK) stock and raised the price target C$37 from C$35. Brian MacArthur, an analyst at the firm, issued the ratings update.

Out of the hedge funds being tracked by Insider Monkey, UK-based investment firm Contrarius Investment Management is a leading shareholder in Teck Resources Limited (NYSE:TECK) with 7.3 million shares worth more than $170 million.

Unlike Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), Teck Resources Limited (NYSE:TECK) is one of the stocks Stanley Druckenmiller is selling.

8. T-Mobile US, Inc. (NASDAQ: TMUS)

Number of Hedge Fund Holders: 100

Percentage Decline in Stake in Q2: 19%

T-Mobile US, Inc. (NASDAQ: TMUS) is a Washington-based communication services firm. It is placed eighth on our list of 12 stocks Stanley Druckenmiller is selling. Regulatory filings reveal that Duquesne Capital owned more than 1.2 million shares in the firm at the end of June 2021, representing 5.36% of the portfolio. The shares are worth over $186 million. The fund has decreased stake in the company by 19% compared to the filings for the first quarter.

On August 2, investment advisory Deutsche Bank reiterated a Buy rating on T-Mobile US, Inc. (NASDAQ: TMUS) stock and raised the price target to $195 from $188, appreciating the “solid” second quarter earnings of the company.

Out of the hedge funds being tracked by Insider Monkey, Greenwich-based investment firm Viking Global is a leading shareholder in T-Mobile US, Inc. (NASDAQ: TMUS) with 7.5 million shares worth more than $1 billion.

Unlike Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), T-Mobile US, Inc. (NASDAQ: TMUS) is one of the stocks Stanley Druckenmiller is selling.

7. Microsoft Corporation (NASDAQ: MSFT)

Number of Hedge Fund Holders: 238

Percentage Decline in Stake in Q2: 30%

Microsoft Corporation (NASDAQ: MSFT) is a Washington-based technology company. It is ranked seventh on our list of 12 stocks Stanley Druckenmiller is selling. Latest data shows that Duquesne Capital owned over 1.5 million shares in the company at the end of the first quarter of 2021, representing 11.72% of the portfolio. The shares are worth $408 million. The fund has trimmed stake in the company by 30% compared to the end of March 2021.

On August 20, investment advisory Wedbush maintained a Buy rating on Microsoft Corporation (NASDAQ: MSFT) stock and raised the price target to $350 from $325, noting the improved confidence in the growth for the firm in the next two years as it increased commercial price for the Microsoft 365.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ: MSFT) with 24.8 million shares worth more than $6.7 billion.

Unlike Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), Microsoft Corporation (NASDAQ: MSFT) is one of the stocks Stanley Druckenmiller is selling.

In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ: MSFT) was one of them. Here is what the fund said:

6. Palantir Technologies Inc. (NYSE: PLTR)

Number of Hedge Fund Holders: 26

Percentage Decline in Stake in Q2: 33%

Palantir Technologies Inc. (NYSE: PLTR) is placed sixth on our list of 12 stocks Stanley Druckenmiller is selling. The firm is based in Colorado and markets software products for intelligence purposes. According to the latest filings, Duquesne Capital owned over 4 million shares in Palantir Technologies Inc. (NYSE: PLTR) at the end of June 2021, representing 3.03% of the portfolio. The shares are valued at over $105 million. The fund has trimmed stake in Palantir Technologies Inc. (NYSE: PLTR) by 33% compared to the end of the first quarter of the year.

On August 13, investment advisory Wolfe Research maintained a Peer Perform rating on Palantir Technologies Inc. (NYSE: PLTR) stock and raised the price target to $25 from $20, appreciating the solid second quarter earnings report by the company.

At the end of the second quarter of 2021, 26 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Palantir Technologies Inc. (NYSE: PLTR), down from 32 in the preceding quarter worth $1.1 billion.

Unlike Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), Palantir Technologies Inc. (NYSE: PLTR) is one of the stocks Stanley Druckenmiller is selling.

In its Q4 2020 investor letter, Guardian Fund, an asset management firm, highlighted a few stocks andPalantir Technologies Inc. (NYSE: PLTR) was one of them. Here is what the fund said:

Click to continue reading and see Stanley Druckenmiller is Selling These 5 Stocks.

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VANCOUVER, BC / ACCESSWIRE / August 24, 2021 / Granite Creek Copper Ltd. (TSX.V:GCX)(OTCQB:GCXXF) ("Granite Creek" or the "Company") is pleased to announce results from diamond drill hole CRM21-011 which intersected copper sulfide mineralization grading 1.18% CuEq (0.96% Cu, 0.01% Mo, 0.18 g/t Au, and 4.06 g/t Ag) over a 105.52-meter interval. The long interval included a high-grade intercept of 2.55% CuEq (2.17% Cu, 0.01% Mo, 0.36 g/t Au and 9.13 g/t Ag) over 21.22 meters (See table 1 below). Also, within the 105m interval, grades reached an impressive 19.72 CuEq (18.97% Cu, 0.46 g/t Au and 38.3 g/t Ag) in 0.5 meters of semi-massive chalcopyrite (see Photo 1 below).

Drill hole CRM21-011, along with four other drillholes from the 2021 Phase 1 program (see release dated July 22, 2021) have extended known mineralization in Zone 2000S from 30m to 100m below the current block model. The Company believes these results will add significant additional tonnage to an updated NI 43-101 mineral resource estimate currently being developed. The entire mineralized section encountered in CRM21-011 is outside the current block model, providing a greater than 100-meter potential expansion below the current resource area (see Figures 1 and 2 below).

Table 1 – Highlights from Diamond Drill hole CRM 21-011 and previous results from Zone 2000S

^** Copper equivalent (Cu Eq) values assume Cu $3.35/lb, Au $1600/oz, Ag $24/oz, Mo $12/lb and 100% recovery. *Weighted average intercepts shown. Estimated true widths vary but, based on geological interpretation of cross-section, are estimated to be 50-70% of the intersected width. † Zone has poor recovery

President & CEO, Tim Johnson, commented, "The extent of high-grade mineralization in this drill hole, coupled with the clear potential for further expansion of the zone, indicates that, despite over 50,000 meters of historical drilling completed to date, tremendous exploration potential remains on the Carmacks project. All core samples from the remaining nine holes of the Phase 1 diamond drill program are currently at the lab for assay. The Company looks forward to releasing these results over the coming weeks as well as those from the Phase 2 reverse circulation program currently underway, and also the upcoming Phase 3 diamond drill program, as they become available."

Zone 2000S

Zone 2000S, originally discovered in 2006 following an IP geophysical survey, has the potential to add resource tonnage in the sulfide domain. Located approximately 300 meters south of zones 1,4 & 7 the zone is cut off by a fault on the southern end. The north end of the 2000S zone may be the fault offset continuation of zone 4 or zone 7 and this theory will be drill tested in phase 3 of the company's drill campaign. The mineral resource on this zone (shown in table 2)is based on a 0.25% sulphide copper grade cut-off for the sulphide resource and 0.15% acid soluble Cu cut-off in the oxide resource. Using the same copper equivalent calculation that the company used to report CuEq in this news release the sulfide resources in Zone 2000S would be 0.85% CuEq in the measured and indicated category and 0.89% in the inferred. With a significant portion of the 2021 drill intercepts grading higher than the current resource an updated resource estimate not only has the potential to add tonnage in this zone but also in increase in grade. ¹Six diamond drillholes were completed on this zone in the first phase of drilling with the intent of evaluating the continuation of bornite-chalcopyrite mineralization down dip. Results from five of the six holes have been released (July 22, 2021 news release) with all five holes intercepting mineralization below the current resource model.

Table 2 – Zone 2000S current mineral resources¹

¹Mineral resource prepared by Dr. Gilles Arseneau, P.Geo., reported in JDS Energy and Mining Inc 2017 Ni 43-101 [1] JDS Energy and Mining. Feb 9, 2017. NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada., with updated resource for Zones 2000S, 12 and 13 as reported in April 9, 2018 by Copper North Mining.

Photo 1: CRM 21-011 260.32m to 260.82m over 18.97% Cu

Figure 1: Cross Section of CRM21-011

Figure 2: Long section of Zone 2000S

Photo 2: CRM 21-011 231.35 to 233.35

Upcoming Events

Granite Creek Copper will be participating in the 2021 Yukon Exploration Investment Summit on Tuesday, August 31, at 10am PT, a live panel session with Q&A, hosted by Invest Yukon and moderated by Trevor Hall. Click here to register.

COVID-19 Protocols

Granite Creek has worked closely with the Yukon government to develop a COVID-19 safety plan that enables the Company to implement an effective work plan while maintaining the highest degree of safety of our workers and surrounding communities. The Company strictly adheres to mandates put in place by health authorities at the Federal and Territorial government level and hold the health and safety of our workers, and the citizens of the communities in which work in the highest regard.

[1] JDS Energy and Mining. Feb 9, 2017. NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada. Contained metal based on 23.76 million tonnes of NI 43-101 compliant resources in the Measured and Indicated categories grading 0.85% Cu, 0.31 g/t Au, 3.14 g/t Ag.

[2] Arseneau Consulting Services, 2016 Independent Technical Report on the Carmacks Copper Project, Yukon, Canada.

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176 square kilometer Carmacks project in the Minto copper district of Canada's Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Explorations Ltd, to the north and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com

Qualified Person

Ms. Debbie James, P.Geo., a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

Quality Control and Quality Assurance

Quality assurance and quality control procedures include the systematic insertion of duplicate, blank and standard samples, making up 12% of the sample stream. Drill core samples were sawn in half, labelled, placed in sealed bags and shipped directly to the Bureau Veritas preparation laboratory in Whitehorse. All geochemical analyses were performed by Bureau Veritas in Vancouver. Copper and silver analysis was performed by four-acid digestion with an ICP-ES finish. Non-sulphide copper was determined through a sulphuric acid leach with an AAS finish. Gold was analyzed by igniting a 15 g sample followed by an aqua regia digestion with an ICP-MS finish.

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available 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 release.

SOURCE: Granite Creek Copper Ltd.

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https://www.accesswire.com/661082/Granite-Creek-Copper-Intercepts-105-Meters-of-118-Copper-Equivalent-Including-2122-Meters-of-255-CuEq-at-the-Carmacks-Copper-Gold-Silver-Project-in-Yukon-Canada

VANCOUVER, BC, Aug. 24, 2021 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") has expanded its surface exploration program, in addition to the ongoing drilling and targeting of Revel Ridge Main (RRMZ) and Yellowjacket Zones (RRYZ).

Highlights of exploration activity over the past 90 days include:

• The collection of approximately 850 soil samples collected along 6 km of strike of the RRMZ and RRYZ. Interpretation of the soil geochemical data indicates the mineralized trends have a strike length which exceeds 8 km. Rokmaster is conducting additional soil geochemical surveys over portions of the highly prospective A&E trend located 1.8 km to the northeast of the RRMZ (Soil Geochemistry Compilation Maps – South Extension and North Extension).

• See the Soil Geochemistry Compilation Map on Rokmaster's website).

• Completing 33 surface drillholes totaling approximately 7,800 m of NQ core, testing the northwestern strike extension of the RRMZ, RRYZ, and A&E zones on surface over strike lengths exceeding 3 km (Longitudinal Section Graphic). The results of DDH's RR21-41 to RR-21-47 have previously been released (Rokmaster News Release, July 16, 2021). Results from additional drillholes are pending.

• Rock sampling and prospecting along the A&E trend, located 1.8 km to the northeast of the RRMZ, resulting in new discoveries of massive to semi-massive polymetallic sulphides forming near the footwall of the Badshot limestone. These sulphide rich zones and the structure which hosts them have been traced over a strike distance of at least 525 m. The initial drill testing of the A&E Zone will be completed by the end of August 2021 .

• To assess the regional scale potential of mineral occurrences and stratigraphy distant to the better-known mineralized trends, Rokmaster collected a series of 62 stream sediment samples over an area of 144 square km. This work has also been done in conjunction with regional prospecting and rock sampling programs. These surveys are designed to evaluate, at a reconnaissance scale, the mineral potential for gold and base metal occurrences in the Cambrian and older rocks which host numerous gold and base metal occurrences within the district.

• Completion of a Lidar survey flown over an area of 26 square km. The Lidar survey will provide Rokmaster's engineers and geoscientists with a precision digital elevation model to facilitate advanced engineering and mine planning studies.

• Initiation of a detailed environmental audit compiled by an independent third party. The audit establishes water quality, fish, and wildlife habitat baselines and begins to map terrestrial ecosystems. Preliminary results of the data of these surveys identities no significant environmental or ecosystem impacts from Rokmaster's 2020 and 2021 exploration programs.

• Ongoing metallurgical studies of RRMZ gold enhanced sulphides utilizing the expertise of three metallurgical labs. Rokmaster's metallurgical programs utilize gold liberation through pressure oxidation of gold rich sulphide phases. The initial metallurgical studies have been successful in enhancing the grade of gold in sulphide rich concentrates, and in decreasing the volume of concentrate to be treated by pressure oxidation. Preliminary data of pressure oxidation of the Revel Ridge gold enriched sulphides suggests gold recoveries exceeding 90%. Fine tuning of the initial metallurgical processes will potentially result in even higher gold recoveries.

• Recent engagement of P&E Mining Consultants Ltd. to develop an updated 43-101 compliant resource for Revel Ridge. The resource update will integrate the results of approximately 73 surface and underground drillholes, totaling more than 24,000 of NQ drilling. Rokmaster anticipates that the updated 43-101 resource will be completed by Q4 2021. Even prior to initiating this resource update, Revel Ridge remains one of British Columbia's largest undeveloped gold rich polymetallic deposits with 4.2 Mt/ containing 1.089 million ounces of 8.07 g/t AuEq (RRMZ M&I) and 4.56 Mt containing 0.961 million ounces of 6.55 g/t AuEq (RRMZ Inf., Putrich et al., 2020, and filed on Sedar). Rokmaster anticipates that the strongly positive results obtained from the 2020 and 2021 underground and surface drill programs will result in a significantly enhanced Revel Ridge resource.

John Mirko, President and CEO of Rokmaster commented, "In the past 12 months the Rokmaster team has undertaken and completed an impressive scope of drilling, geological, geochemical and metallurgical programs at Revel Ridge. This includes the successful completion of 24,000 m of drilling and related exploration activities executed in the middle of the COVID-19 pandemic. The positive outcomes of these programs has enabled Rokmaster well positioned to develop a revised and upgraded 43-101 resource, to continue both surface and underground drill programs, and to further advance the Revel Ridge deposit to a production decision."

Maps and Figures

Soil Geochemistry Compilation Map (South Extension)

Soil Geochemistry Compilation Map (North Extension)

Longitudinal Section Graphic

Quality Assurance/Quality Control. Dr. Jim Oliver, P. Geo. supervised all aspects of the drilling and sampling undertaken in the 2021 underground and surface diamond drill program. All samples have been collected from ½ NQ core, sawn with a diamond saw with the sample intervals marked by technical personnel. A full QAQC program using blanks, standards and duplicates was utilized to monitor analytical accuracy and precision. The samples were sealed on site and shipped to MSA Labs in Langley, British Columbia. MSA is an ISO 17025 (Testing and Calibration Laboratory) and an ISO 9001 (Quality Management System) Certified Laboratory. Core samples were crushed to 2 mm and a 500 gram sub sample was pulverized with 85% of the sample passing 75 microns. The sub sample was analysed using a combination of MSA Labs FAS211 for Au and ICP–240 (4 acid digestion) for silver, base metals and other trace elements. FAS211 for gold is an ore grade fire assay of a 50 g pulp with an AAS finish with a detection range between 0.01 and 100 ppm). ICP-240 utilizes four acid digestion and provides ore grade analytical data on silver, base metals and 26 other elements. A modified QAQC program has also been used to validate surface soil and rock sample prospecting programs.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Mark Rebagliati, P. Eng., FEC, who is independent of Rokmaster.

On Behalf of the Board of Directors of

Rokmaster Resources Corp.

John Mirko,
President & Chief Executive Officer.

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

About Rokmaster

Rokmaster controls a portfolio of three significant exploration and development projects all of which are located in southern British Columbia in regions of excellent infrastructure. The three projects include:

1. Revel Ridge. Rokmaster is currently conducting an underground drill program at the Revel Ridge project located in southeastern British Columbia 35 km's N of the City of Revelstoke. Revel Ridge is a high-grade gold and polymetallic orogenic sulphide deposit which has been the subject of a PEA Technical Report dated December 8, 2020.

2. Big Copper. Rokmaster controls the Big Copper property in the Creston area of Southern British Columbia. Big Copper is a high-grade copper-silver occurrence hosted in mid-Proterozoic rocks. Copper-silver mineralization has been traced for 3 km along strike and is exposed in a series of adits and trenches over approximately 250- 300 m of vertical relief. Big Copper likely belongs to a class of stratabound replacement copper-silver deposits hosted within mid – Proterozoic quartzitic sediments. The style and stratigraphic setting of mineralization at Big Copper may be analogous to similar stratabound silver-copper deposits in NW Montana e.g. the Troy mine (64 million tonnes of 0.74% Cu and 54 g/t Ag (Western Mining History, 2020) or Hecla's Montanore Mine, 112 million tonnes at 51.2 g/t Ag and 0.7% Cu. (Hecla website link).

3. Duncan Zinc. Duncan is a carbonate hosted silver-lead-zinc deposit located near Duncan Lake in southern British Columbia. The deposit is hosted within a Cambrian age Badshot Limestone which also hosts Ag-Pb-Zn mineralization at Teck's currently producing Pend D'Oreille mine as well as past producers including the Blue Bell Mine, Reeves MacDonald, Jersey-Emerald and HB mines. Mineralization at Duncan Lake forms in the crest and limbs of the regional scale Duncan Lake anticline, where strong lead-zinc +/- silver mineralization has been traced by surface and underground drilling for approximately 2500 m. At Duncan Lake, Rokmaster will be targeting > 30 Mt of >10% Pb+Zn+Ag. Historical background and a geological synthesis of the Duncan Lake deposit is provided in a NI 43-101 report by Lane, B., 2018: Technical Report on the Duncan Lake Project.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE Rokmaster Resources Corp.

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