Figure 1 Abitibi Geology-Midland Gold Projects

Abitibi Geology-Midland Gold Projects

Figure 2 Lewis Project Location

Lewis Project Location

Figure 3 Lewis Geology and New 2020-21 Discoveries

Lewis Geology and New 2020-21 Discoveries

Figure 4 Lewis Mag TD and New 2020-21 Discoveries

Lewis Mag TD and New 2020-21 Discoveries

Figure 5 IP Ore-Vision Survey

IP Ore-Vision Survey

Figure 6 IP Chargeability Map&Targets

IP Chargeability Map&Targets

Figure 7 Golden Nest New Showing

Golden Nest New Showing

Figure 8 Golden Nest Sample A0358475

Golden Nest Sample A0358475

Figure 9 Golden Nest Sample A0361223

Golden Nest Sample A0361223

MONTREAL, Aug. 19, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the discovery of a new high-grade gold showing on its Lewis project, wholly owned by Midland and located approximately 60 kilometres southwest of the town of Chapais in the Abitibi region of Quebec.

This new project, acquired in April 2020, consists of 172 claims (95 km²) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone. The Lewis project is located approximately 60 km northwest of the Nelligan deposit jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

New high-grade gold showing: Golden Nest

Grab samples from the new Golden Nest showing yielded gold grades of 10.2 g/t Au and 2.1 g/t Au. These values are located approximately 1.1 kilometres east of the Red Giant showing discovered by prospecting in 2020, where channel samples yielded values up to 0.35 g/t Au over 9.0 metres.

This new high-grade gold showing was discovered during prospecting work conducted in May 2021. The prospecting campaign was designed to cover high-priority induced polarization (IP) anomalies that were identified during the winter 2021 survey along the extensions of the Red Giant gold-bearing structure.

The Golden Nest showing is directly associated with a moderate chargeability anomaly (5-10 mv/V) coinciding with a sharp increase in resistivity. The gold-bearing zone corresponds to a small outcrop of approximately 10 square metres exhibiting 5 to 10% pyrite mineralization. The IP anomaly associated with this gold-bearing zone may be traced over a distance of at least 400 metres to the west. The gold-bearing zone is entirely new and has never been drill-tested.

Further mechanical stripping and channel sampling are planned and will be completed as soon as the necessary permits are received.

The Lewis gold property is located approximately 60 kilometres northwest of the Nelligan deposit, which hosts inferred resources estimated at 96.99 million tonnes grading 1.02 g/t Au for 3.19 million ounces of gold (Source: Nelligan NI 43-101 Technical Report dated October 22, 2019, prepared for Iamgold Corp. and Vanstar Mining Resources). In addition, approximately 10 kilometres west of the Lewis property lies the former Lac Shortt mine, which historically produced 2.7 million tonnes at a grade of 4.6 g/t Au (Source: MERN-SIGEOM).

Cautionary statements:

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

The true thickness of mineralized zones intersected in channel samples cannot be determined with the information currently available.

Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Samples from the Lewis project were analyzed by atomic absorption (AA-23) at ALS Minerals laboratories in Val-d’Or, Quebec. All samples are also analyzed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Billiton Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: https://www.midlandexploration.com/

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

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/12c6edd3-d679-481f-9581-2dc7c2a511cb

https://www.globenewswire.com/NewsRoom/AttachmentNg/4dfc624f-57ec-4c4b-9e45-e9e58a107cd6

https://www.globenewswire.com/NewsRoom/AttachmentNg/590fcf51-2a54-4a9c-9793-62bd6920ac41

https://www.globenewswire.com/NewsRoom/AttachmentNg/f80022ca-3a22-487c-830a-771279804c4d

https://www.globenewswire.com/NewsRoom/AttachmentNg/80b5301a-8e46-4f11-99f1-eef0097ca9b1

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https://www.globenewswire.com/NewsRoom/AttachmentNg/df7da259-75d6-4d35-8a11-434b9429ef0b

https://www.globenewswire.com/NewsRoom/AttachmentNg/a9b3d4ed-8326-4ee3-8fd2-5d76c264b125

https://www.globenewswire.com/NewsRoom/AttachmentNg/25d19dd3-f9c2-418d-9b60-6bd5a7acb5cc

New York, New York–(Newsfile Corp. – August 19, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL) (NASDAQ: PLLL) between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"), of the important September 21, 2021 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased Piedmont securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

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

To join the Piedmont class action, go to http://www.rosenlegal.com/cases-register-2124.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93742

Shares of United States Steel (X) have been strong performers lately, with the stock up 27.7% over the past month. The stock hit a new 52-week high of $30.57 in the previous session. United States Steel has gained 75.6% since the start of the year compared to the 9.6% move for the Zacks Basic Materials sector and the 56.9% return for the Zacks Steel – Producers industry.

What's Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 29, 2021, U.S. Steel reported EPS of $3.37 versus consensus estimate of $3.16.

For the current fiscal year, U.S. Steel is expected to post earnings of $11.92 per share on $18.98 billion in revenues. This represents a 355.25% change in EPS on a 94.87% change in revenues. For the next fiscal year, the company is expected to earn $4.66 per share on $16.35 billion in revenues. This represents a year-over-year change of -60.87% and -13.88%, respectively.

Valuation Metrics

U.S. Steel may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.

On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

U.S. Steel has a Value Score of B. The stock's Growth and Momentum Scores are B and F, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 2.5X current fiscal year EPS estimates. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, U.S. Steel currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if U.S. Steel meets the list of requirements. Thus, it seems as though U.S. Steel shares could have a bit more room to run in the near term.

How Does U.S. Steel Stack Up to the Competition?

Shares of U.S. Steel have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also impressive, including Commercial Metals (CMC), Ternium (TX), and Nucor (NUE), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.

The Zacks Industry Rank is in the top 5% of all the industries we have in our universe, so it looks like there are some nice tailwinds for U.S. Steel, even beyond its own solid fundamental situation.

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Just because a business does not make any money, does not mean that the stock will go down. Indeed, Forsys Metals (TSE:FSY) stock is up 313% in the last year, providing strong gains for shareholders. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

Given its strong share price performance, we think it's worthwhile for Forsys Metals shareholders to consider whether its cash burn is concerning. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

View our latest analysis for Forsys Metals

When Might Forsys Metals Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at June 2021, Forsys Metals had cash of CA$12m and no debt. Looking at the last year, the company burnt through CA$582k. So it had a very long cash runway of many years from June 2021. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. The image below shows how its cash balance has been changing over the last few years.

How Is Forsys Metals' Cash Burn Changing Over Time?

Forsys Metals didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. As it happens, the company's cash burn reduced by 5.4% over the last year, which suggests that management are maintaining a fairly steady rate of business development, albeit with a slight decrease in spending. Forsys Metals makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For Forsys Metals To Raise More Cash For Growth?

While Forsys Metals is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of CA$131m, Forsys Metals' CA$582k in cash burn equates to about 0.4% of its market value. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares.

So, Should We Worry About Forsys Metals' Cash Burn?

It may already be apparent to you that we're relatively comfortable with the way Forsys Metals is burning through its cash. For example, we think its cash runway suggests that the company is on a good path. Its weak point is its cash burn reduction, but even that wasn't too bad! Taking all the factors in this report into account, we're not at all worried about its cash burn, as the business appears well capitalized to spend as needs be. Readers need to have a sound understanding of business risks before investing in a stock, and we've spotted 2 warning signs for Forsys Metals that potential shareholders should take into account before putting money into a stock.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

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

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

VANCOUVER, British Columbia, Aug. 19, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce that the Bureau of Land Management (“BLM”) is currently reviewing an Administrative Draft Environmental Assessment (“EA”) for American Lithium’s proposed Plan of Operations (“PO”) for its Tonopah Lithium Claims Project (“TLC”). This PO was filed in January 2021 and accepted as complete by the BLM in June 2021 (see press release dated June 17, 2021).

The PO has been updated as part of the EA process to reflect latest changes introduced through the EA and now proposes drilling from up to 110 drill sites as well as excavating five test pits to acquire samples for metallurgical testing. In addition, with the EA combining all previously planned phases of project exploration and pre-feasibility work into one phase of development, the PO has also been updated accordingly. While this will result in all required environmental bonding being paid upfront on approval, it will stream-line process, maximize efficiencies and help fast-track resulting work programs.

With the EA process now underway, and based on its most recent meetings, the Company advises that, it currently anticipates final approval of the PO to occur by late Fall 2021 with the commencement of the next phase of development at TLC starting shortly thereafter.

In the interim, American Lithium will continue to focus on finalizing its metallurgical test work. As previously reported, the Company has three viable recovery options and will focus on optimizing these before selecting the best process, based on economic and environmental criteria, to enable the completion of a robust preliminary economic assessment on TLC (“PEA”). In parallel, and as also previously reported, pre-concentration test work, designed to increase the lithium head grade prior to leaching, continues using different gravimetric routes and commercially available equipment. This work is also integral to the PEA as it has the potential to materially impact the economics of the TLC Project.

In addition, over the next several weeks, the Company plans to utilize existing permitted disturbance areas to twin several previously explored mineralized drill holes. These holes will be drilled deeper than the original completion depths to test for further zones of lithium mineralization and the presence of other minerals, to determine the depth and nature of volcanic basement rocks and to provide additional sample material for on-going and future metallurgical testing. This drilling will also enable the Company to accurately determine the depth / location of the water table. While the TLC deposit is above the water table and water has never been encountered in the drilling programs that define the current resource, accurately defining the water table is a key element for future permitting.

Dr. Laurence Stefan, COO of American Lithium, stated “commencing the EA review process is an important milestone for American Lithium as we look to finalize approval of the updated Plan of Operations, which will, in turn, enable the next phase of development at TLC. Updating the PO will also help us streamline and fast-track operations following approval. In the interim, our efforts to optimize flowsheet design, together with additional drilling and related field work, will position us to complete a robust PEA on TLC which, combined with the next phase of development following PO approval, will then enable the Company to move as efficiently as possible into the feasibility phase of TLC development.”

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

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

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

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

Follow us on Facebook, Twitter and LinkedIn.

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

“Simon Clarke”
CEO & Director
Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.
Email: info@americanlithiumcorp.com
Website: www.americanlithiumcorp.com

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

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani Projects (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on January 19, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on January 29, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Cautionary Note Regarding Macusani Concessions Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and was successful in obtaining such an injunction on 17 of the concessions including three of the four concessions included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15 concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title, rights and validity of those 15 remaining concessions to Macusani, with the result being that all 32 concessions are now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the last stage of the judicial process. A final date for the last stage of the judicial process has not yet been set. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of the Processes, its title to the concessions could be revoked.

– Funding will allow REE to advance commercial production of its breakthrough REEcorner™ technology and ultra-modular EV platforms

– Project to help accelerate industry shift towards net zero-emissions with REE's ultra-modular EV platforms & REEcorners™ designed to support extensive range of electric vehicles

TEL-AVIV, Israel, Aug. 19, 2021 /PRNewswire/ — REE Automotive Ltd. (NASDAQ: REE), an innovator in e-mobility which recently started to trade on Nasdaq, today announced that its REEcorner™ technology was awarded £12.5 million GBP funding from the UK government as part of a £41.2 million GBP investment, coordinated through the Advanced Propulsion Centre (APC). The investment is in line with the UK government's ambition to accelerate the shift to zero-emission vehicles and de-carbonize the UK's transport networks. The award funding follows an intensive vetting and selection process from which REE's project and three other transformational projects were selected amongst dozens of companies. Together, the 4 projects could save nearly 32m tons of carbon emissions, which is equivalent to the lifetime tailpipe emissions of 1.3m cars. The investment will help drive energy-saving technology across a wide range of vehicles and propel forward a green economy recovery.

The UK funds will allow REE to facilitate commercial production of its breakthrough REEcorner™ technology and ultra-modular electric vehicle platforms, including engineering design, validation, verification and testing and product homologation.

REEcorner™ technology packs critical vehicle components (e.g. steering, braking, suspension, powertrain and control) into a single compact module located between the chassis and the wheel, thus enabling fully-flat EV platforms. REE's ultra-modular EV platforms are designed to offer enhanced payload capacity by providing more room for carrying passengers, cargo and batteries and enhanced body design flexibility and autonomous capability.

Ian Constance, Chief Executive at the APC said: "These projects tackle some really important challenges in the journey to net-zero road transport. They address range anxiety and cost, which can be a barrier to people making the switch to electric vehicles and they also provide potential solutions to the challenge of how we decarbonize public transport and the movement of goods. By investing in this innovation, we're taking these technologies closer to the point where they are commercially viable, which will strengthen the UK's automotive supply chain, safeguard or create jobs and reduce harmful greenhouse emissions."

Minister for Investment Lord Grimstone said: "By investing tens of millions in the technology needed to decarbonize our roads, not only are we working hard to end our contribution to climate change, but also ensuring our automotive sector has a competitive future that will secure thousands of highly-skilled jobs. Seizing the opportunities that arise from the global green automotive revolution is central to our plans to build back greener, and these winning projects will help make the widespread application and adoption of cutting-edge, clean automotive technology a reality."

Mike Charlton, REE's COO: "REE is honored to have been selected as recipient of the UK funding to support REE investment in the UK automotive ecosystem following an extensive vetting and selection process. With the opening of our Engineering Center in the UK in February this year, this reaffirms our commitment to the region and is in line with our plans for the mass production of our breakthrough REEcorner and electric vehicle platform technology. The UK is an ideal location for a pioneering automotive company like REE thanks to the country's commitment to vehicle electrification which dovetails with our vision of propelling a zero-emissions, greener future for our generation and those to come."

About REE Automotive

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

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

Caution About Forward-Looking Statements

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

About the Advanced Propulsion Centre

The Advanced Propulsion Centre (APC) collaborates with UK government, the automotive industry and academia to accelerate the industrialisation of technologies, supporting the transition to deliver net-zero emission vehicles.

Since its foundation in 2013, APC has funded 170 low-carbon projects involving 402 partners, working with companies of all sizes, and has helped to create or safeguard over 50,000 jobs in the UK. The technologies developed in these projects are projected to save over 260 million tonnes of CO₂, the equivalent of removing the lifetime emissions from 12 million cars.

With its deep sector expertise and cutting-edge knowledge of new propulsion technologies, APC's role in building and advising project consortia helps projects start more quickly and deliver increased value. In the longer term, its work to drive innovation and encourage collaboration is building the foundations for a successful and sustainable UK automotive industry.

In 2019, the UK government committed the Automotive Transformation Fund (ATF) to accelerate the development of a net-zero vehicle supply chain, enabling UK-based manufacturers to serve global markets. ATF investments are awarded through the APC to support strategically important UK capital and R&D investments that will enable companies involved in batteries, motors and drives, power electronics, fuel cells, recycling, and associated supply chains to anchor their future.
For more information go to apcuk.co.uk or follow us @theapcuk on Twitter and Advanced Propulsion Centre UK on LinkedIn.

Photo – https://mma.prnewswire.com/media/1598076/REEcorner_technology.jpg

ST. JOHN’S, Newfoundland and Labrador, August 19, 2021–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") is pleased to announce that it has renewed its Normal Course Issuer Bid ("NCIB") and may purchase at market price up to 1,642,612 common shares ("Shares"), being approximately 3.96% of the 41,504,497 common shares issued and outstanding as of August 18, 2021, by way of an NCIB through the facilities of the Toronto Stock Exchange ("TSX") or a Canadian alternative trading system. The NCIB is subject to regulatory approval. The NCIB will commence August 22, 2021 and will end no later than August 21, 2022. Any Shares purchased pursuant to the NCIB will be cancelled and returned to treasury.

The TSX rules permit Altius to purchase daily, through TSX facilities or approved alternative trading systems, a maximum of 30,870 Shares under the NCIB. From August 22, 2020 to August 21, 2021 Altius purchased a total of 477,400 Shares through market purchases on the TSX and alternative trading systems at a weighted average price of $15.55 per Share, while its approval allowed for it to purchase a maximum number of 1,622,920 Shares. The reason for the NCIB is that, in the opinion of the board of directors, the value of Altius Shares, based on anticipated cash flows and underlying asset values, is from time to time greater than the market price of the Shares and accordingly the acquisition of Shares under the NCIB represents an appropriate use of funds. Altius has had an active NCIB program every year since 2010.

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 41,504,497 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

Forward-looking information

This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius 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 projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210819005068/en/

Contacts

Flora Wood
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis
Email: Blewis@altiusminerals.com
Tel: 1.877.576.2209

VANCOUVER, BC / ACCESSWIRE / August 19, 2021 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven" or "the Company") is pleased to announce changes to the Company's Board of Directors, management and technical team, with the addition of a new Director, a new Chief Operating Officer ("COO") and two Technical Advisors. These changes greatly enhance Rockhaven's engineering and operational expertise and reflect a realignment of priorities as its flagship Klaza Project transitions to pre-feasibility. In order to facilitate these changes, Rockhaven also announces the resignation of Mr. Allan Doherty, Mr. David Skoglund and Mr. Randy Turner as Directors and Mr. Ian Talbot as Chief Operating Officer.

"Designing a robust, permittable and long-lived mining operation takes skilled and experienced professionals and this corporate restructuring gives Rockhaven the expertise needed to advance Klaza to the next level," stated Matthew Turner, Rockhaven's CEO. "As we welcome the new members of the Rockhaven team, we would like to sincerely thank Messrs. Doherty, Skoglund, Turner and Talbot for their many years of service with Rockhaven and their help in the success and growth of the Company. We wish them the very best in their future endeavors."

Board of Directors

The Rockhaven Board of Directors now consists of incumbent members Robert Carne, Bradley Shisler, Matthew Turner, Bruce Youngman, Glenn Yeadon and the new member Doug Eaton. Bruce Youngman will succeed Rob Carne as Chairman of the Board.

Doug Eaton

Mr. Eaton brings over 50 years of exploration experience and 40 years of public company involvement to Rockhaven. He has gained exceptional knowledge of Yukon geology and has contributed to several important discoveries throughout his career. Recently, Mr. Eaton was one of three members on an independent panel tasked with assessing the state of Yukon's mining and exploration industry and to provide recommendations for legislation related to future mineral development. Mr. Eaton is the President and CEO of Strategic Metals Ltd., which currently holds a 33% interest in Rockhaven. He holds a Bachelor of Science degree in Geology from the University of British Columbia and a Bachelor of Arts degree from the University of Alberta.

Management

Manuel Estrada

Mr. Estrada joins Rockhaven as its new Chief Operating Officer. He is a Mining Executive with extensive experience in mining operations spanning the Americas. Mr. Estrada worked for Capstone Mining Corp. for 14 years at the Cozamin and Pinto Valley Mines. He is the founder and owner of Eleven Mercantile and Technical Solutions LLC and holds a B.Sc. in Civil Engineering from the Tecnologico de Durango and has taken other certifications on Risk, Safety, Leadership, Maintenance and Process Management, Cut-Off Grade and Mine Strategy Optimization in several institutions.

Technical Advisors

Stephen Quin

Mr. Quin is a mining geologist with over 40 years' experience in the mining and exploration industry, including finance, development, and the operation of producing companies. Over his career he has held upper management positions with numerous mining and exploration companies, including President and CEO of Midas Gold Corp. (now Perpetua) and Sherwood Copper Corp., President and COO of Capstone Mining Corp. and Executive VP of Miramar Mining Corporation. At Sherwood Copper, he led the advancement of the Minto Mine, which is located 60 km north of Rockhaven's Klaza Deposit, through feasibility, construction and production. Through this work, Mr. Quin acquired extensive experience with Yukon's permitting and regulatory processes.

Randall Thompson

Mr. Thompson has spent the last three decades building and operating open pit and underground mines in Canada, Australia and the Middle East. He has supervised large development projects including the $450 million construction of the Jabal Sayid mine in Saudi Arabia for Equinox Minerals and the $100 million expansion of the Huckleberry Mine in BC for Huckleberry Mines Ltd. Mr. Thompson has also worked on northern operations as the former General Manager at the Minto Mine and as the COO at JDS Silver which operated the Silvertip Mine in Northern BC.

Technical Committee

The Rockhaven Technical Committee mining expertise is greatly enhanced by the additions of Stephen Quin, Randall Thompson and Manuel Estrada who will join incumbent members Robert Carne and Matthew Turner.

Incentive Stock Option Grant

Rockhaven has granted incentive stock options to Directors, Officers, employees and consultants, entitling those persons to purchase up to a total of 4,500,000 common shares at a price of $0.15 for a period of five years. All options will vest on a quarterly basis commencing three months from the date of granting.

Qualified Persons

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

About Rockhaven

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

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

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

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

SOURCE: Rockhaven Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/660465/Rockhaven-Strengthens-Engineering-and-Operational-Capacity

(Bloomberg) — Iron ore extended its rout as BHP Group warned it sees an increasing likelihood of “stern cuts” to China’s steel output this year.

The prospect of much lower steel production in the second-half is “testing the bullish resolve of the futures markets,” BHP wrote in a commodities outlook report on its website. Iron ore in Singapore has plunged by a third since spiking to an all-time high in May.

China’s steel industry is under pressure after pledging to reduce output this year, a goal that requires huge second-half curbs to offset booming output earlier in 2021. Production in July was more than 8% lower year-on-year, data on Monday showed.

Futures in Singapore fell 6.5% to $147.95 a ton by 6:49 p.m. local time, and were heading for a fifth weekly loss. In China, futures dropped 2.5% to close at the lowest level since November.

While investor attention is very focused on China’s output curbs in the second half, the nation’s demand trends will also be critical. Beijing is pushing a range of measures to control the property sector, which accounts for big chunk of steel usage and has traditionally helped drive surges in iron ore prices.

“Policymakers are clearly concerned about over-investment and concentrated credit risk in the property sector,” Commonwealth Bank of Australia wrote in an emailed note. And even if China swings to more pro-growth policies to battle recent weakness, “there’s a good chance that the property sector is left out”.

Shanghai steel futures also dropped, with hot-rolled coil down 3.3% and rebar down 3.8%.

More stories like this are available on bloomberg.com

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BHP Group BHP reported underlying attributable profit of $17.1 billion in the fiscal 2021 (ended Jun 30, 2021), which was up 88% year over year, reflecting higher commodity prices and strong operational performance. Earnings per American Depositary Share (ADS) was $6.75 in fiscal 2021, up from $3.58 in fiscal 2020 but missed the Zacks Consensus Estimate of $6.93. Underlying earnings per share was $3.38, compared with $1.79 in fiscal 2020. The company’s each American Depositary Shares represents two fully-paid ordinary shares. It also made a flurry of announcements — to exit its oil and gas operations as it strikes a merger deal with Woodside Petroleum Ltd, approval of $5.7 billion in capital expenditure in Jansen Potash Mine in Canada and its decision to unify its dual-listed structure.

The company’s attributable profit amounted to $11.3 billion in fiscal 2021, including an exceptional loss of $5.8 billion. The exceptional loss was related to the impairments of potash and energy coal assets as well as the current year impact of the Samarco dam failure. Attributable profit in fiscal 2020 was $7.9 billion, which included an exceptional loss of $1.1 billion.

Revenues & Margin Performance

Revenues for fiscal 2021 totaled $60.8 billion, which beat the Zacks Consensus Estimate of $60.2 billion. It marked an improvement of 42%from revenues of $42.9 billion in the prior fiscal. The Iron ore segment’s revenues surged 66% year over year to $34 billion on higher prices and record production achieved at WAIO. Revenues in the Copper segment rose 47% to $15.7 billion, reflecting higher prices. Revenues in the Petroleum fell 3% year over year to $3.9 billion. The Coal segment’s revenues slumped 17% to $5 billion.

Adjusted profit from operations in fiscal 2021 soared 91% year over year to $30.3 billion owing to higher commodity prices and strong underlying operational performance, lower deferred stripping depletion at Escondida, lessened fuel and energy costs, and savings from the company’s cost reduction initiatives. Unfavorable impacts of exchange rate movements, copper grade decline, natural field decline in Petroleum, inflation, adverse weather and planned maintenance somewhat mitigated these impacts. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) were $37.4 billion for fiscal 2021, up 69% year over year.

Balance Sheet & Cash Flow

Net operating cash flow for fiscal 2021 was $27.2 billion compared with $15.7 billion in fiscal 2020. This marked 15th consecutive year of generating net operating cash flow above the $15 billion mark. The company reported record free cash flow of $19.4 billion, courtesy of higher iron ore and copper prices, and a strong operational performance.

Cash and cash equivalents as of Jun 30, 2021 amounted to $15.2 billion, up from $13.4 billion at the end of fiscal 2020. Capital and exploration expenditure totaled $7.1 billion, down 7% from the prior fiscal. The company provided capital and exploration guidance at $7.1 billion for fiscal 2022. As of the end of fiscal 2021, net debt was $4 billion, substantially lower than $12 billion reported as of fiscal 2020. Backed by strong fiscal 2021 results, BHP Group’s board announced a record final dividend of $2.00 per share.

Other Updates

In fiscal 2021, the company successfully achieved first production at four major development projects — on or ahead of schedule and on budget. It acquired an additional 28% working interest in Shenzi in November 2020. The Shenzi North development, a two-well subsea tie-in to the Shenzi platform, was approved in August 2021. At the end of fiscal 2021, BHP Group had two major projects under development — Mad Dog Phase 2 in petroleum and Jansen mine shafts in potash.

Significant Announcements

BHP Group approved $5.7 billion in capital expenditure for the Jansen Stage 1 potash project. First ore is expected in 2027. Once operational, Jansen S1 is expected to produce approximately 4.35 million ton of potash per year. This will provide the company exposure to a commodity with a strong demand outlook and immense growth potential.

The company has agreed to pursue a merger of its Petroleum business with Woodside Petroleum Ltd, which will create a global top 10 independent energy company by production. The combined business will have a high margin oil portfolio and long life LNG assets. Woodside would issue new shares to be distributed to BHP Group’s shareholders. Woodside shareholders will own 52% of the merged group, while BHP Group’s shareholders owning the remaining 48%. Woodside and BHP Group have estimated annual synergies in excess of $400 million per year. The Petroleum segment generated 6% of BHP Group’s fiscal 2021 revenues.

BHP Group intends to unify its corporate structure under its existing Australian parent company to realize simplification and enhanced strategic flexibility benefits.

Fiscal 2022 Production & Cost Guidance

In fiscal 2022, the company expects to produce between 249 Mt and 259 Mt of iron ore compared with 254 Mt produced in fiscal 2021 as WAIO continues to focus on incremental volume growth through productivity improvements. The petroleum production guidance is 99-106 MMboe. BHP Group anticipates copper production between 1,590 kt and 1,760 kt. Production guidance of Metallurgical coal for fiscal 2022 is at 39-44 Mt, while the same for energy coal is at 13-15 Mt. Nickel production is expected between 85 kt and 95 kt.

Conventional Petroleum unit cost is projected at $11-$12 per barrels of oil equivalent (boe) for fiscal 2022. Escondida unit cost is anticipated at $1.20-$1.40 per pound. Queensland Coal unit cost for the fiscal is expected at $80-$90 per ton. WAIO unit cost guidance is projected to be $17.50-$18.50 per ton.

The company expects demand for energy, metals and fertilizers to remain strong in the years to come, fueled by global economic growth, population growth and rising living standards. The near-term outlook, however, remains cloudy due to the uncertainties associated with the COVID-19 pandemic.

Price Performance

Image Source: Zacks Investment Research

BHP Group’s shares have gained 22.7% over the past year compared with the industry’s growth of 21%.

Zacks Rank & Other Key Picks

BHP Group currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other top-ranked stocks in the basic materials space include Avient Corporation AVNT, Veritiv Corporation VRTV and Commercial Metals Company CMC. While Avient and Veritiv flaunt a Zacks Rank #1, Commercial Metals carries a Zacks Rank #2.

Avient has a projected earnings growth rate of 75% for 2021. The company’s shares have soared 92% in the past year.

Veritiv has an estimated earnings growth rate of 215% for the current year. Over the past year, the company’s shares have soared 340%.

Commercial Metals has an expected earnings growth rate of 32.8% for the current fiscal year. The company’s shares have gained 54% in a year’s time.

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To read this article on Zacks.com click here.

Zacks Investment Research

By Sonali Paul

(Reuters) – Australia's Woodside Petroleum Ltd shares fell more than 4% on Wednesday in the market's first verdict on a merger with BHP Group's petroleum business that will turn it into a global top 10 oil and gas producer.

The deal, announced after the market closed on Tuesday, involves Woodside doubling its share base to acquire BHP's oil and gas arm in a nil-premium merger to create a roughly A$40 billion ($29 billion) company.

Woodside shareholders will own 52% of the merged group, with BHP shareholders owning 48%.

The merger, expected to be completed in mid-2022, will double Woodside's output and market capitalisation.

Some analysts praised the deal, saying the share price drop reflected worries about a stock overhang as many BHP shareholders who want out of fossil fuels may dump the shares.

"The price of all this funding headroom is a huge share overhang, which … could leave the better part of A$10 billion of Woodside's stock to change hands," CLSA analysts said in a note which maintained an underperform rating on the stock.

"However, we emphasise Woodside 2.0 will be more attractive fundamentally, and our recommendation could become significantly more positive once the market digests the new deal and the new shares," CLSA said.

Others, however, were more negative.

Fund manager Van Eck Australia questioned the value of the merger and said it may have difficulty winning approval from Woodside shareholders.

"While the merger offers Woodside increased diversification, it is also forcing the company to take on aging oil fields and remediation issues," said Jamie Hannah, deputy head of investments at fund manager Van Eck Australia.

The shares partly recovered in morning trade to be down 2.1% in a flat broader market. The stock had already fallen 5% since speculation started swirling in July about a potential merger with BHP petroleum involving a huge issue of shares.

Woodside earlier reported a 17% rise in first-half underlying profit on a rebound from last year's pandemic-hit oil prices, but missed broker forecasts and trimmed its annual production outlook.

Woodside's underlying net profit rose to $354 million for the six months to June 30 from $303 million a year earlier. That was well short of broker forecasts around $413 million on Visible Alpha.

The company trimmed the top end of its annual production outlook to 93 million barrels of oil equivalent (mmboe) from 95 mmboe, implying a drop of at least 7% from last year's record output.

Most of the decline is due to falling output at its ageing, mainstay North West Shelf LNG project. Woodside, the operator, will be doubling its stake to one-third of North West Shelf with the BHP merger.

($1 = 1.3782 Australian dollars)

(Reporting by Sonali Paul; Additional reporting by Soumyajit Saha and Shashwat Awasthi in Bengaluru; Editing by Aditya Soni, Stephen Coates and Richard Pullin)

Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") is pleased to announce that Precision GeoSurveys Inc. ("Precision") has completed the airborne magnetic survey (the "Survey"), announced on June 16, 2021, over the Company's 100% owned Wheaton Creek Gold property (the "Property") in Northern British Columbia. The survey has successfully outlined distinctive magnetic features that will assist the drill targeting in the upcoming program.

From the Company's VP of Exploration, Sebastien Ah Fat, "We are very pleased to find that the Survey has successfully confirmed our initial theory that a well-defined ultramafic contact boundary exists on the Property. The discovery of thick zones of magnetic lows that abruptly transition from magnetic highs may be associated with liswanite mineralization. Listwanite, being formed by the carbonization of serpentinized ultramafic rock, is a key alteration indicator commonly associated with mesothermal quartz carbonate gold deposits and we hope to confirm this via our future drilling programs at Wheaton Creek Gold."

The Survey successfully identified magnetic high anomalies of the Cache Creek Ultramafic Complex and distinctive contact fault boundaries which are prospective for hydrothermal deposition. Furthermore, a thick, northwest-trending, magnetic low anomaly adjoining the Cache Creek Ultramafic Complex to the east may correlate with carbonization of serpentinized ultramafic rock known as liswanite. Listwanite is a distinctive alteration feature commonly associated with lode gold, quartz carbonate gold deposits. These findings reinforce the thesis that Wheaton Creek bears many geologic similarities to the Atlin Mining Camp where the source of the placer gold was found to be at or near fault boundaries of ultramafic and sedimentary rock.

Figure 1: Wheaton Creek Gold, Total Magnetic Intensity Survey Results with Interpreted Fault Boundaries

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3362/93395_c890000fe49298fd_002full.jpg

Figure 2: Wheaton Creek Gold, Calculated Vertical Gradient Survey Results with Interpreted Carbonization Alteration Zone.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3362/93395_c890000fe49298fd_003full.jpg

Pacific Bay's Vice President of Operations, Antonio Vespa, explains, "We want to take a data driven approach for our exploration programs. Now that we have completed our initial site visit and the airborne magnetic survey, we have increased confidence in our proposed drill targets. We are very excited to receive further interpretation of the data gathered so far and continue with exploration later this year."

Mr. Vespa and Mr. Ah Fat, completed a site visit on the 17^th of June, 2021. The site visit was successful in gathering information about the current state of the Property, including:

• Accessibility to the site

• Condition of infrastructure, including camp availability, in the area

• Location of previous drillholes

• Drone photogrammetry

The Company plans to proceed with the diamond drilling of 3-5 drillholes in September/October of 2021, subject to drill contractor availability and permit amendments with new drill sites.

Wheaton Creek Highlights:

• 3,019 hectares of mineral tenures 100% owned by the Company

• 1986 drillhole 86-01 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold

• 5-year multi-year area based (MYAB) permit in good standing

• Notice of work (NOW) application approved

Note: all above reported intercepts are core lengths only as the true width of the structures has not yet been determined.

Sebastien Ah Fat, P.Geo., a Qualified Person as defined by National Instrument 43-101, approved the technical information in this release.

On Behalf of the Board of Directors
David Brett, CEO
dbrett@pacificbayminerals.com
(604) 682-2421

Helder Carvalho, Vice President, Corporate Development
hcarvalho@pacificbayminerals.com

pacificbayminerals.com / Twitter / LinkedIn

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to the expected use of proceeds of the Financing. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.

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 DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93395

Stewart, British Columbia–(Newsfile Corp. – August 18, 2021) – Decade Resources Ltd (TSXV: DEC) ("Decade" or the Company) announces that it has completed a Phase 1 program consisting of ten holes at depths up to 250m on the Del Norte property. The property is situated within BC's "Golden Triangle", 34 kilometres east of Stewart, BC.

Highlights of the recent drilling include:

• Native silver observed along fractures in DDH-21-10 (see photo).

• Visible gold associated with sphalerite (zinc sulphide), pyrite (iron sulphide), galena (lead sulphide) and tetrahedrite (copper-silver antimony sulphide) in DDH-21-9 (see photo).

• Acanthite (silver sulphide with 87.1% silver content) associated with the above minerals in DDH-21-10 (see photo).

• All ten holes contain Intersections of highly mineralized rocks over widths of 18-20m at depths up to 250m downhole.

Ed Kruchkowski, President of the Company states: "The recent financing from Teuton Resources Corp has allowed the Company to complete approximately 2300 m in the 10 current holes. The Company is very grateful for the support of Teuton that has allowed for the intersection of very prospective intervals in the latest drill holes. All holes have intersected the Argo/LG mineralization. The presence of visible gold in DDH-21-9 may indicate the source of the placer gold in Nelson Creek. This is one of four areas in the Stewart region whereby placer gold is found in streams and three of the other areas have gold deposits associated with them."

The drilling is testing the contact of felsic volcanic rocks of the Hazelton Group and sedimentary rocks of Salmon River Formation. This is the same horizon that hosts the Eskay Creek mine 60km north of Stewart. Drilling is from drill stations located on rock islands (nunataks) within the South Nelson Glacier. The 2021 drilling has successfully tested for extensions of 2020 gold-silver drill hole intersections. Highlights of 2020 exploration of the Argo zone include:

• 1049.64 g/t Ag eq over 6.03 m in DDH DN20-18, included within an interval grading 119.95 g/t Ag Eq over 58.37m

• 2128.48 g/t Ag eq over 2.46m in DDH DN20-20, included within an interval grading 221.03 g/t Ag eq over 34.09m

• Discovery of float rocks from an area just above the 2021 drill station which assayed up to 20.6 g/t gold and 561 g/t silver.

Mineralization is located within pyrite-rich, black mud lapilli tuffs with sub-intervals of dacite lapilli tuffs. Sulphides include pyrite, sphalerite, galena and tetrahedrite along with visible gold and silver in the 2021 drill holes.

The Del Norte property was optioned from Teuton Resource Corp. in January of 2020 with terms allowing the Company to earn up to a 55% interest in the property by spending $4 million over a five year period. The Company can an earn an additional 20% interest by carrying the property to commercial production.

Private Placement

The Company is undertaking a $600,000.00 flow through and non-flow through financing to fund a phase 2 program and continued exploration. The flow-through is at at a price of seven cents per flow-through unit. Each flow-through unit will comprise one flow-through common share and one transferable non-flow-through common share purchase warrant, with each warrant being exercisable for the purchase of one additional common share, at a price of ten cents per share, for a two-year period.

The offering of non-flow-through units will be at a price of five cents per unit. Each unit will comprise one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of eight cents per share, for a two-year period.

The proceeds from the sale of the flow-through units will be expended on the company's properties located in British Columbia and the proceeds from the sale of non-flow-through units will be used for working capital purposes. Certain directors and officers of the company may participate in the private placement.

Qualified Person

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.

About Decade

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"
Ed Kruchkowski, President

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

Figure 1

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Figure 2

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Figure 3

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TORONTO, Aug. 18, 2021 (GLOBE NEWSWIRE) — Waseco Resources Inc. (“Waseco” or “the Company”) is pleased to announce, subject to approval of the TSX Venture Exchange, that James O’Neill (C.P.A., C.A. and Acc Dir.) has been appointed as Chief Financial Officer of the Company.

Mr. O’Neill brings over 35 years of Financial and Accounting experience in a wide range of industries, primarily in the junior mining and exploration sector. He also brings strong leadership and team building skills to the position. As part of the compensation package, Mr. O’Neill has been granted 400,000 options to acquire shares at $0.05 per share for a 3 year period ending August 18, 2024.

Waseco is an exploration company listed on the TSX Venture Exchange (“WRI”) and the Frankfurt Stock Exchange (“WSE”). There are currently 41,681,390 shares issued and outstanding.

For further information on the Company, please visit the Waseco web site at www.wasecoresources.com or contact Richard Williams at (416) 364-3123- e-mail: rickw@wasecoresources.com.

On Behalf of the Board of Directors

Richard Williams

President & C.E.O.

Neither the TSX Venture Exchange nor its regulatory service providers as that term is defined in the policies of the TSX Venture Exchange accepts responsibility of the accuracy or adequacy of this release.

VANCOUVER, British Columbia, Aug. 18, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that the Company has elected to accelerate the expiry date of certain warrants. On March 11, 2021, the Company issued a total of 12,500,000 warrants (the “Warrants”) which are exercisable at $0.10 per share until March 11, 2022. As previously announced, the Warrants contained a provision that allows the Company to accelerate the expiry date of the Warrants if the closing price of the Company’s shares on the TSX Venture Exchange is greater than $0.14 for a period of twenty consecutive trading days. As the Company’s shares have closed at higher than $0.14 since June 4, 2021, the Company is now providing notice by way of this press release to all the remaining holders of the Warrants that the expiry date for the Warrants will now be September 30, 2021. The Company will also provide written notice directly to all the Warrant holders of the early expiration date. There are 10,820,000 Warrants that are remaining and subject to the early expiration date. If all warrants are exercised, proceeds of $1,082,000 would be realized.

In addition, the Company announces that is has issued a total of 8,930,000 stock options to its directors, officers, employees and consultants. All the stock options will be exercisable for a period of five years at an exercise price of $0.20. Of the total number of stock options granted 7,050,000 options were granted to directors and senior officers of the Company.

About Search Minerals Inc.

Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.

Search has continued to optimize our patented Direct Extraction Process technology with the generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.

For further information, please contact:

Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: info@searchminerals.ca

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 Statement Regarding “Forward-Looking” Statements:

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company’s proposed exploration programs described herein, and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to obtain the necessary resources to complete the exploration programs and poor exploration results.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's financial condition and development plans do not change as a result of unforeseen events, and that the Company will receive all required regulatory approvals,.

Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

(Bloomberg) — BHP Group’s go-ahead to spend $5.7 billion on a giant Canadian potash mine is shining a spotlight on a commodity vital to feeding the world.

Prices of the nutrient essential to producing food for growing populations soared after a crop rally helped farmers boost fertilizer purchases. Unlike oil or most metals and grains, potash trade is focused on annual contracts or in the spot market, rather than on a futures exchange — and supplies are mostly controlled by just a handful of producers.

The fertilizer is part of mining giant BHP’s shift toward commodities of the future as it exits fossil fuels, though production won’t start for another six years. For now, much of the focus will be on how U.S. sanctions on Belarus’s state-owned producer affect supply.

Here’s why potash is important and what’s driving the market:

Market Rally

Grains output jumped about 25% in almost a decade on rising global food demand, while a crop rally in the past year encouraged farmers to expand planting and use more fertilizers. That’s seen spot potash prices in Brazil and the U.S. hit the highest in at least eight years.

Nutrien Ltd., the biggest fertilizer company, earlier this year said it will raise potash production amid a tightening market. Last week, the Canadian company revised its forecast for global potash shipments to a record on strong demand.

Miners Join Party

BHP on Tuesday finally approved spending on the Jansen potash mine in Canada, after years of wavering over the huge cost. Potash offers the world’s top mining company a long-term future profit driver as it retreats from fossil fuels and focuses on commodities that should benefit from rising populations or the green-energy transition.

Jansen could operate for a century, and is a scalable business that could grow to rival BHP’s Pilbara iron ore operations and its copper mines in Chile in importance, Ragnar Udd, president of BHP’s Minerals Americas business, said on a media call on Wednesday. BHP isn’t the only miner moving into fertilizers — Anglo American Plc took over a $4 billion U.K. mine in 2020 as it shifts from coal to more environmentally-friendly commodities.

There are other big projects in the works. Russia’s Acron Group is speeding up construction of Talitsky potash mine and targets the first supplies in 2025. In Belarus, Slavkali plans to start a 2 million tons-a-year mine in 2023.

Supply Uncertainty

Output is mostly concentrated in North America and former Soviet nations like Russia and Belarus, from underground deposits formed by evaporated sea beds millions of years ago. Nutrien, Mosaic Co., Belaruskali OAO and Uralkali PJSC are among the main producers.

The U.S. last week sanctioned Belaruskali as it targeted companies with ties to President Alexander Lukashenko, though it’s not clear how that will affect supply. Counterparts have until December to wind down transactions with Belaruskali, while Belarusian Potash Co., which handles all of the country’s potash exports, wasn’t itself sanctioned.

Still, BPC told RIA Novosti the sanctions will lead to higher potash prices and less availability on the world market.

Potash Trade

Unlike say crude, copper or wheat, benchmark prices are largely derived from annual deals between producers and buyers, rather than on a futures exchange. The nutrient is also traded in spot markets.

Prices at multiyear highs “revived projects like Jensen or Talitsky in Russia, even as the market is still in oversupply,” said VTB Capital analyst Elena Sakhnova. “It’s not clear how long potash price dynamics will sustain, as it is driven by speculative factors and uncertainty over Belarusian shipments.”

BHP’s Udd said he was confident the market could absorb the extra supply from Jansen, with first production targeted for 2027. “The feedback we’re getting from customers at this point is that they will really relish the competition this will induce in the market.”

(Adds comments from BHP’s Udd throughout.)

More stories like this are available on bloomberg.com

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DENVER, CO / ACCESSWIRE / August 18, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") considers the health and safety of its workers and host communities a fundamental priority of the Company's operations. Like many other countries, the highly contagious COVID-19 delta variant has had a devastating impact on Mexico. In the last three days, the number of individuals in isolation at the Don David Gold Mine has climbed to 102, stretching our camp and extra accommodations in the local communities to the limit. After discussions with our medical staff and an epidemiologist, we are reducing the movement of people coming to the mine site from the local communities and the region. Accordingly, we will ramp down operations starting today and will continue with significantly reduced activities at the mine for at least the next ten days. Our objectives include minimizing the further spread of infection amongst our workforce and the local communities, providing relief to our medical teams, and not further overstraining our accommodations.

The operations will continue with those employees and contractors who have agreed to stay in the camp for periods longer than the usual rotation to create a bubble. Testing frequency will increase with stricter procedures governing operational activities. Exploration, construction of the filter press, transportation and certain other critical activities will continue following the implementation of the enhanced protocols.

We are monitoring the situation daily to assess when normal operations can resume and will report back to the market as more information becomes available.

Cautionary Statements:
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward- looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward- looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limitedto, those discussed in the Company's 10-Q filed with the SEC.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

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At the beginning of the week, things were pretty hunky-dory for the stock market. After all, on Aug 16, bulls overpowered bears on Wall Street and helped the broader S&P 500 make a noteworthy comeback. At one point on Monday, the index slipped 0.7% but managed to end the trading session in the green, with a 0.3% uptick. In fact, this was the broad-market index’s biggest comeback since Mar 25, per Dow Jones Market Data, citing a MarketWatch article.

Of course, investors were convinced that the gradual reopening of the economy, progress in the health crisis, and an array of government stimulus measures are enough to help the economy going in the near future, especially after the drubbing it took last year due to the coronavirus pandemic. However, a series of disappointing developments dented investors’ sentiments lately and dragged the stock market down on Aug 17. The S&P 500 index slumped 0.7% during yesterday’s trading session, which in reality was the sharpest daily drop since Jul 19, as mentioned in another MarketWatch article.

So, what led to the halting of the S&P 500’s five-day run of record highs? Just when you thought that the impact of COVID-19 across the globe is subsiding, New Zealand announced a nationwide lockdown after a new coronavirus case showed up in one of its cities. Coronavirus-related issues have also crept up at China’s ports. In the United States, the highly-transmissible delta variant of coronavirus is already spreading at places where vaccination rates are low, while hospitalization rates have started to increase. No doubt, such new cases of coronavirus threaten economic growth worldwide, something that doesn’t bode well for the stock market.

Speaking about economic growth, in the United States particularly, retail sales numbers disappointed lately raising concerns that U.S. consumers may be starting to reduce their spending levels on concerns about further economic progress. Citing a Barron’s article, sales at U.S. retailers for the month of July dropped 1.1%, way more than economists’ expectations of a drop of 0.3%.  Retail sales, by the way, largely took a hit due to a decline in car-buying. It’s widely believed that consumers’ spending on big-ticket items has been partly dampened by the spread of the delta strain of COVID-19 and its subsequent impact on the economy.

Elsewhere, in countries like China, economic growth has already slowed down. Alarmingly, online shopping, retail sales and industrial output took a beating in China, and it’s not solely because of the spread of the virus. Moreover, China’s recent crackdown on Internet majors like Alibaba and Baidu isn’t lifting investors’ spirits in any way. There is also political unrest in places like Afghanistan and that may have repercussions across the globe, leading to a volatile stock market.

However, investors shouldn’t shun equities completely. On the contrary, it is prudent to invest in low-risk assets at times of uncertainty. Thus, invest in low-beta stocks and those that provide dividends since they exhibit immense financial strength. Additionally, if the stocks are non-cyclical in nature, market vagaries won’t hurt them. These stocks are generally found among consumer staples and utility sectors. We have, thus, selected five stocks that fulfill the above criteria and boast of a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

California Water Service Group CWT is the third largest investor-owned water utility in the United States. The company has a beta of 0.14 and a Zacks Rank #2. It has a dividend yield of 1.4%. The Zacks Consensus Estimate for its current-year earnings has moved up 0.6% over the past 60 days. The company’s expected earnings growth rate for the next quarter and year is 12.9% and 4.5%, respectively.

Middlesex Water Company MSEX treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. The company has a beta of 0.31 and a Zacks Rank #2. It has a dividend yield of 1%. The Zacks Consensus Estimate for its current-year earnings has moved up 0.9% over the past 60 days. The company’s expected earnings growth rate for the current year is 4.1%.

Albertsons Companies, Inc. ACI provides retail food products. The company has a beta of 0.03 and a Zacks Rank #2. It has a dividend yield of nearly 1.4%. The Zacks Consensus Estimate for its current-year earnings has moved up 14.1% over the past 60 days. The company’s expected earnings growth rate for the next five-year period is 12%.

Inter Parfums, Inc. IPAR is engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products. The company has a beta of 0.92 and a Zacks Rank #1. It has a dividend yield of almost 1.4%. The Zacks Consensus Estimate for its current-year earnings has moved up 13.4% over the past 60 days. The company’s expected earnings growth rate for the current year is 61.2%.

J & J Snack Foods Corp. JJSF is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages. The company has a beta of 0.58 and a Zacks Rank #2. It has a dividend yield of 1.5%. The Zacks Consensus Estimate for its current-year earnings has moved up 23.6% over the past 60 days. The company’s expected earnings growth rate for the current year is almost 164%.

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(Expressed in United States dollars except where otherwise indicated)

MONTREAL, Aug. 18, 2021 (GLOBE NEWSWIRE) — (TSXV: GMN) GobiMin Inc. (“GobiMin” or the “Company”, together with its subsidiaries collectively the “Group”) reports its financial and operating results for the second quarter of 2021. The unaudited condensed interim consolidated financial statements along with quarterly highlights of management’s discussion and analysis have been filed with SEDAR (www.sedar.com) and are also available at the website of the Company (www.gobimin.com).

Financial Highlights

Note:
(1) As non-IFRS measurements, (LBITDA)/EBITDA ((loss)/earnings before interest income and expense, income taxes, depreciation and amortization), (LBITDA)/EBITDA per share and Cash and cash equivalents per share are not mandatorily required by IFRS and, therefore, the amounts presented in the above table may not be comparable to similar data presented by other companies. The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Business Summary and Development

1. Gold Project in Xinjiang

The Company owns 70% equity interests in Xinjiang Tongyuan Minerals Limited which operates the Sawayaerdun Gold Project (“Gold Project”) in Xinjiang. Its exploration licence had been renewed with expiry date on June 15, 2023. Upon the settlement of the mining royalties of $1,481,000 (equivalent to RMB9,560,000) in July 2021, the mining licence had been renewed with expiry date on March 22, 2023.

The on-site industrial test on applying bio-tech methodology on extraction of metals from large-scale samples of gold ores was running behind schedule attributable to the COVID-19 pandemic. According to the analysis results on the ore samples and the immersion gold tests conducted by the Research Institute, arsenic and iron in the ore samples have been successfully removed by oxidation. It is almost the end of the pre-oxidation stage. Upon the satisfaction in maintaining the alkali balance, the industrial test would enter into the final stage of gold immersion process in late 2021.

For the six months ended June 30, 2021, there was no addition to exploration and evaluation assets. As at June 30, 2021, the Group had a contractual commitment of $1,653,000 for the future development of the Gold Project.

2. Financial Assets

(i) Listed Securities

As at June 30, 2021, the fair value of listed securities held by the Group amounted to $313,000 (December 31, 2020: $247,000) which include investments in listed stock, futures and options of $252,000 (December 31, 2020: $127,000) trading through registered brokerage firms in Hong Kong and a listed stock in Canada of $61,000 (December 31, 2020: $120,000). For the six months ended June 30, 2021, the loss on disposal of listed stock, indexes, futures and options amounted to $137,000 (six months ended June 30, 2020: gain of $84,000) and fair value loss on listed securities was $88,000 (six months ended June 30, 2020: $76,000).

(ii) Unlisted Investments

The Group holds 670,000 shares of Dragon Silver Holdings Limited (“Dragon Silver”) representing 9.90% of its total issued capital at an investment cost of $1,121,000 (equivalent to HK$8,710,000). Dragon Silver is a Hong Kong based company which mainly engaged in trading, production, processing and investment in precious metals and non-ferrous metals and related products. In consideration of the continuous difficult market conditions and the impact of COVID-19, the Group agreed to waive further the profit guarantee compensation for the years ended June 30, 2021 and 2022 as requested by the guarantor. There were no material fair value changes for the investments in Dragon Silver for the six months ended June 30, 2021 (six months ended June 30, 2020: nil).

As at June 30, 2021, unlisted investments held by the Group other than Dragon Silver amounted to $268,000 (December 31, 2020: $257,000). During the period under review, the fair value gain on other unlisted investments was $4,000 (six months ended June 30, 2020: gain of $5,000).

(iii) Debentures and Certificate of Deposit

As at June 30, 2021, the Group held debentures of $2,551,000 (December 31, 2020: $2,741,000) with coupon rates ranged from 4.250% to 7.375% (December 31, 2020: 4.250% to 7.375%) per annum and maturities ranged between November 30, 2026 and perpetual (December 31, 2020: May 31, 2021 and perpetual).

For the six months ended June 30, 2021, interest income from debentures was $79,000 (six months ended June 30, 2020: $98,000) and fair value gain on debentures amounted to $10,000 (six months ended June 30, 2020: loss of $138,000). No gain or loss on disposal of debentures (six months ended June 30, 2020: gain of $4,000) was recorded for the six months ended June 30, 2021.

3. Liquidity and Capital Resources

As at June 30, 2021, working capital of the Group was amounted to about $20,528,000 (December 31, 2020: $21,306,000), which is computed by netting off its current assets of $23,040,000 (December 31, 2020: $23,842,000) with its current liabilities of $2,512,000 (December 31, 2020: $2,536,000).

Taking into account of its financial position, management of the Group considered that its cash and cash equivalents will be more than sufficient to finance its operation, including the contractual commitments of the Gold Project of approximately $1,653,000 (December 31, 2020: $1,633,000) as at June 30, 2021.

For further information, please contact:

Felipe Tan, Chief Executive Officer
Tel: (852) 3586-6500
Email: felipe.tan@gobimin.com

Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management of GobiMin. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. Forward looking information includes without limitation, statements regarding the size and quality of the Company’s mineral resources, progress in development of mineral properties, the prospective mineralization of the properties, and planned exploration programs. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. These statements speak only as of the date they are made, and GobiMin assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.

“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.”

To receive GobiMin press releases by email, send a message to info@gobimin.com and
specify “GobiMin press releases” on the subject line
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Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) ("IMPACT" or the "Company") announces its financial and operating results for the second quarter ended June 30, 2021.

The Company reported $4.2 million in revenue for the second quarter of 2021, a 50% improvement year over year from $2.8 million in Q2 2020. Mine operating earnings before amortization and depletion in Q2 2021 increased to $1.3 million from $1.0 million in the prior year.

Cash generated by operating activities improved to $1.1 million from $0.2 million in Q2 2020, and EBITDA (earnings before interest, taxes, depreciation and amortization) increased 300% from $0.2 million in Q2 2020 to $0.8 million in the current quarter. The net income for Q2 2021 was $0.2 million compared to a loss of $0.2 million in Q2 2020.

Fred Davidson, President & CEO of IMPACT, stated, "In Q2 2021 the market realized a more rational price range for silver after the first quarter rush to metal equities from retail investors thanks to the Silver Squeeze trend. With ongoing operational efficiencies, we continue to demonstrate IMPACT's earnings potential and continue to evaluate brownfield development targets to advance to production. This quarter marks a full year since the start of the COVID-19 global pandemic and the temporary suspension and restart of operations in Mexico in Q2 2020.

On the exploration front we continue to push on new greenfield targets with recent drilling successes at Veta Negra and we anticipate further drilling updates soon on other targets. With ongoing production cash flow, a cash balance of $22.4 million, and no long-term debt, IMPACT continues to monitor the market for suitable strategic transactions while generating new value through discovery."

Q2 2021 Financial Overview

• Revenue for Q2 2021 was $4.2 million, an increase of 50% from 2020 of $2.8 million.

• EBITDA was $0.8 million for quarter, a substantial increase over $0.2 million for comparable period in 2020.

• Mine operating earnings before amortization and depletion for Q2 2021 were $1.3 million, improving from $1.0 million in 2020.

• Net income for the quarter was $0.2 million compared to a loss of $0.2 million in 2020.

• Net working capital for the Company at June 30, 2021 was $22.8 million compared to $5.7 million in Q2 2020.

• The Company continues to have no long-term debt.

Q2 2021 Production Overview

• Throughput at the mill was 37,833 tonnes milled in Q2 2021 compared to 25,602 tonnes in 2020. In Q2 2020 operations were temporarily suspended due to COVID-19 by government decree.

• Average mill feed grade for silver was 147 grams per tonne (g/t) in Q2 2021, a decrease of 21% from 187 g/t in Q2 2020 as a result of increased processing of development muck and declining grades in an older level of the Guadalupe mine.

• Q2 2021 silver production was 150,331 ounces (2020 – 129,570 ounces).

• Revenue per tonne sold was $119.69 in Q2 2021, an increase of 2% from same period 2020 at $117.81, dropping back from $124.17 in Q1 2021 on lower silver prices.

• Direct costs per production tonne were $81.51 in Q2 2021, a 6% change from 2020's comparative period of $76.66.

Exploration and Development Plans

IMPACT's previously announced 10,000 metres drill program on both near mine and other exploration targets is ongoing. First drill results included 9.8 meters of 211 g/t Silver and 13.85 meters of 186g/t Silver at Veta Negra (see IMPACT news release dated July 13, 2021).

Drilling is now proceeding on the south extensions of the San Ramon Mine followed by other high potential targets. Results will be announced as they are received and interpreted.

A recorded conference call reviewing the financial and production results of the quarter ended June 30, 2021 will be available on the Company website on August 18, 2021 at www.impactsilver.com/s/ConferenceCalls.asp.

The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim Q2 2021 financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.

ABOUT IMPACT SILVER

IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants with excellent infrastructure and labor force on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico. Over the past 15 years, IMPACT has produced over 11.1 million ounces of silver, generating revenues over $216 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details); Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high-grade silver-gold zones and has placed multiple zones into commercial production.

Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.

Qualified Person and NI 43-101 Disclosure

George Gorzynski, P. Eng., Vice President, Exploration and Director of IMPACT Silver Corp., and a Qualified Person as defined under Canadian National Instrument 43-101, approved the technical information in this news release.

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson" ,President & CEO

For more information, please contact:
Jerry Huang
CFO | Investor Relations
(778) 887-6489 or inquiries@impactsilver.com

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

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationship with vendors and strategic partners, government regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement, except as required by law.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

705-543 Granville Street Telephone (604) 664-7707

Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93609.

VANCOUVER, BC / ACCESSWIRE / August 18, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") announces results from a recently completed program comprising geological mapping and soil geochemical sampling at its Nikki copper-gold porphyry project, which is located in the Kluane belt where the Company's research and exploration has recognized a string of promising high-level porphyry copper-gold prospects.

The Nikki project is situated in southwestern Yukon, 25 km northwest of the Mint project (see Company news release dated August 11, 2021) and 16 km west of the Alaska Highway (Figure 1). Both Nikki and Mint are 100% owned by Strategic and neither is subject to underlying royalty interests. The Nikki project comprises 40 mineral claims, encompassing 800 hectares (8 km²), and is located within the Traditional Territory of the White River First Nation.

The Nikki area was first staked in 1910, making it one of the oldest mineral occurrences in western Yukon, but little exploration was done on it prior to Strategic staking its claims in 2004 despite the fact that it was recognized as a porphyry target in the late 1960s soon after Western Copper and Gold's Casino deposit was discovered 120 km to the northeast.

The Nikki porphyry system is hosted in a northwesterly-elongated, early Cretaceous intrusive complex composed of tabular bodies of fine grained diorite and younger porphyritic granodiorite, which intrude a section of Paleozoic argillites with minor limestone lenses. A system of Miocene porphyry dykes cut the older intrusions and sedimentary wallrocks. The target is marked by very strong copper and gold stream sediment anomalies, a magnetic high and a large gossan.

Work by Strategic has defined a 2000 m long by up to 1100 m wide soil geochemical anomaly that is cored by high copper values with scattered anomalous values for lead, zinc and silver on the northern and eastern flanks. Gold-in-soil values are strong within the porphyry but are also high on the flanks where mineralized skarns and veins have been noted. Peak soil values are 3060 ppm copper, 1590 ppb gold, 45.5 ppm silver, 4970 ppm lead and 3950 ppm zinc, as illustrated on Figures 2-6.

The Nikki project has also responded well to geophysical surveys (magnetic, radiometric and induced polarization). A pronounced magnetic high that coincides with the diorite/granodiorite complex (Figure 7) is locally accompanied by strong radiometric highs that are attributed to potassic alteration (Figure 8), and areas of moderate chargeability. The geological setting, soil geochemical patterns and geophysical response are all consistent with a high-level alkalic porphyry system.

A total of seven shallow diamond drill holes have tested the upper portion of the porphyry target, with two holes in 1971 totalling 290 m, four holes in 2010 totalling 1308 m and one hole in 2012 reaching 298 m. All of the holes contain porphyry style alteration and mineralization. The 1971 holes were not analyzed for gold but return promising copper values, with one hole averaging 0.15% over 150 m and the other 0.12% over 140 m. The best results from the 2010 and 2012 drilling came from the bottom of hole 10-02, which averaged 0.13 % copper and 0.076 g/t gold over the last 64 m (Figure 9). Nearby hand trenches also produced encouraging results with chip samples from one trench grading 0.38% copper and 0.364 g/t gold over its entire 6 m length and those from the other trench averaging 0.47% copper and 0.194 g/t gold over its 8 m length.

Little effort has been directed towards evaluating precious metal mineralization in skarns and veins on the fringes of the porphyry system. Most of the gold-enriched rock samples taken on the property were collected up-slope to the northeast of the drill holes (Figure 10). The best gold-in-rock result came from a chip sample across part of a copper-bearing skarn exposure, located about 500 m north of the historical drill holes, which returned 11.95 g/t gold over 2 m. The strongest gold-in-soil values approximately coincide with a broad area characterized by high potassium radiometrics and moderately strong magnetics.

"Historical work has identified a broad zone of copper-enriched porphyry mineralization within the diorite/granodiorite complex, but recent work at Nikki and elsewhere in the Kluane belt suggests that the younger dykes may have played an important role in localizing mineralization, particularly gold." states Doug Eaton CEO of Strategic. "The best results from soils and rocks are mostly located up-slope to the north of the historical drill holes in an area with elevated radiometric and magnetic response. This signature suggests that potassic alteration may have occurred in wallrocks above deeper porphyry mineralization."

Rock sample preparation and multi-element analyses were carried out at ALS in Whitehorse, YT and North Vancouver, BC, respectively. Each sample was dried, fine crushed to better than 70% passing 2 mm and then a 250 g split was pulverized to better than 85% passing 75 microns. The fine fractions were analyzed for 35 elements using aqua regia digestion followed by inductively coupled plasma (ME-ICP41). An additional 50 g charge was further analysed for gold by fire assay and atomic absorption spectroscopy finish (Au-AA24). Samples with overlimit values were further analyzed by four-acid digestion for silver and zinc using Ag-OG46 and Zn-OG46.

Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

About Strategic Metals Ltd.

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

Strategic has a current cash position of over $8 million and large shareholdings in a number of active mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.9% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio is approximately $22 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

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

Corporate Information

Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries

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

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

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

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/660211/Strategic-Metals-Updates-Results-from-Its-Nikki-Project-Located-in-the-Newly-Recognized-Kluane-Porphyry-Cu-Au-Belt-SW-Yukon

VANCOUVER, British Columbia, Aug. 17, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (VO:TSX-V) (“ValOre” or the “Company”) today announced the Annual General Meeting voting results.

At the annual general meeting of shareholders ("AGM"), which was held on August 17, 2021, shareholders approved setting the size of the board of directors at 5 (five), including the election of each director nominee as follows:

Shareholders also approved the appointment of Davidson & Company LLP as the auditors of the Company, with 99.91% of votes in favour, and the resolution authorizing the continuation of the Company's Rolling Stock Option Plan was approved by 98.48%.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation. In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 39 exploration licenses covering a total area of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.

For further information about ValOre Metals Corp. or this news release, please visit our website at valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

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.

(Corrects to A$40 billion from $40 billion in first paragraph)

MELBOURNE (Reuters) -Shares in BHP Group Ltd. and Woodside Petroleum fell on Wednesday as investors digested details of the Perth-based oil and gas group's A$40 billion ($29 billion) merger with BHP's petroleum arm, with some questioning the value of the deal for Woodside.

While a 6% fall in BHP's share price was linked to a decision to end its UK dual listing, where its shares have traditionally traded at a large discount, a fall of up to 4% in Woodside reflected concerns about the expansion, they said.

"It may be difficult to get a vote across the line, with Woodside shareholders likely to question the value of the merger," said Jamie Hannah, deputy head of investments at Van Eck Australia, a shareholder in both BHP and Woodside.

"Woodside is one of the worst-performing companies within the energy sector globally post-COVID; the company doesn't yet have a strong mandate to enter a deal of such questionable value and this could further drag on Woodside's shares," he said.

BHP agreed to hive off its petroleum business to Woodside in a nil-premium merger, in return for new Woodside shares which will go to BHP shareholders, who will own 48% of the enlarged group.

The deal will make Woodside a top 10 global independent oil and gas producer, giving it oil assets in the Gulf of Mexico, gas in Trinidad and Tobago and ageing assets in Australia's Bass Strait, while doubling its stake in North West Shelf LNG.

However, it has raised concerns about the strategic sense of expanding in oil and taking on ageing gas assets with big decommissioning costs.

Investors said the fall in Woodside shares was also partly due to worries about an overhang of stock as BHP investors who want to get out of fossil fuels would look to dump the shares.

The stock was down 0.7% in afternoon trade, underperforming local rivals Santos and Oil Search, which were both up 1%.

Woodside's new chief executive, Meg O'Neill, said while investors were very familiar with BHP's Australian oil and gas assets, they did not appreciate the value of its Gulf of Mexico oil stakes – Mad Dog, Atlantis and Shenzi.

​ "Those are just first-class top-tier assets that will be very cash accretive to the merged company," O'Neill told Reuters.

Analysts were more upbeat about the long term, saying the deal would give Woodside more growth options, beyond its $12 billion Scarborough gas project and Pluto LNG expansion, and the company would benefit from strong cash generation at BHP's debt-free assets.

"It's a logical deal between the parties," said Argo Investments portfolio manager Andy Forster. "I do think ultimately shareholders will vote for it."

Woodside aims to put the deal to a vote in the second quarter of 2022.

Credit Suisse analyst Saul Kavonic said Woodside shareholders may be painted into a corner, noting that, as part of the deal, Woodside gave BHP an option to give up its stake in the Scarborough project for $1 billion if Woodside makes a final investment decision on the project by Dec. 15.

Woodside would then be the sole owner of Scarborough and have to fund the whole project by itself, which it currently cannot afford.

"Shareholders may have little choice but to vote the merger through because it would pose a serious balance sheet overhang," Kavonic said.

($1 = 1.3770 Australian dollars)

(Reporting by Sonali Paul; editing by Richard Pullin)

Target (TGT) delivered solid results for the second quarter and joins a select few retailers — namely rival Walmart — in saying the COVID-19 Delta variant hasn't led to a marked sales slowdown for the all-important back-to-school shopping season even as consumer confidence has begun to wane.

"While the current environment remains volatile, our results over the last 18 months have proven conclusively that our team and operating model can seamlessly adapt to changes in the environment, and we’re well-positioned to deliver outstanding performance in the back half of the year,” said Target Chairman and CEO Brian Cornell in a press statement announcing its second quarter results. 

Here is how Target performed in the second quarter compared to Wall Street profit forecasts:

• Net Sales: $25.16 billion vs. $24.51 billion

• Comparable Sales: +8.9% vs. +8.2% (Walmart U.S. 2Q21: +5.2%)

• Gross Profit Margin: 30.4% vs. 30.5%

• Operating Margin: 9.8% vs. 9.1%

• Adjusted Diluted EPS: $3.64 vs. $3.48 (consensus range: $3.11 to $4.10)

Target said Wednesday that second quarter comparable sales rose 8.9%, fueled by a 12.7% increase in the number of transactions. The average transaction amount fell 3.4% after rising 18.8% last year as consumers stocked up on essentials at the height of the pandemic.

"Back-to-school and back-to-college are off to really strong starts," Cornell told Yahoo Finance on a media call to discuss second quarter earnings. The comments echo what Walmart CFO Brett Biggs told Yahoo Finance a day earlier.

Added Cornell, "So, backpacks and lunch boxes are selling and school uniforms are on the top of that list. We're seeing a really strong start, and that's continued as we move into the third quarter. I think it's going to be a really robust back to school and back to college season."

The commentary may provide a bit of relief for investors who are concerned that Target's momentum for most of this year could stall as consumers spend more cautiously amid the Delta variant spread.

If the retailer is to be dinged by analysts for its second quarter results it's that gross and operating margins both declined from the prior year, owing mostly to increased supply chain inflation. By comparison, Walmart U.S. saw its gross and operating profit margins increase year over year.

Target also fine tuned its full-year guidance relative to what was provided three months ago:

• Second Half Comparable Sales: up high-single digit percentage (previous: mid to high-single digit)

• Full Year Operating Margin: 8% or higher (previous: "well above" 7%, "potential" to hit 8%)

As a sweetener (and perhaps helpful in boosting/supporting earnings as they come off their COVID peak), Target revealed a new $15 billion stock buyback plan. 

Target CFO Michael Fiddelke told Yahoo Finance on the call the company is unlikely to lever up its balance sheet to support the sizable new buyback plan.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

• Read the latest financial and business news from Yahoo Finance

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VANCOUVER, British Columbia, Aug. 18, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that the wildfire evacuation order for Highland Valley Copper Operations (HVC) issued by the District of Logan Lake previously announced on August 15 has been lifted. HVC has resumed operations and is now in the process of ramping back up to full production.

Teck is focused on protecting the health and safety of employees and contractors and we are continuing to closely monitor wildfire and regional air quality conditions.

Teck’s copper production guidance will be updated as necessary after the risk of further effect on operations from wildfires subsides.

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

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

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

By Sonali Paul and Melanie Burton

MELBOURNE (Reuters) -Shares in BHP Group and Woodside Petroleum fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed $29 billion merger with BHP's petroleum arm.

While a 6% fall in BHP's share price was linked to a decision to end its UK dual listing, where its shares have traditionally traded at a large discount, a fall of up to 4% in Woodside reflected concerns about the expansion, they said.

"Woodside is one of the worst-performing companies within the energy sector globally post-COVID; the company doesn't yet have a strong mandate to enter a deal of such questionable value and this could further drag on Woodside's shares," said Jamie Hannah, deputy head of investments at Van Eck Australia, a shareholder in both companies.

BHP agreed to hive off its petroleum business to Woodside in a nil-premium merger, in return for new Woodside shares which will go to BHP shareholders, who will own 48% of the enlarged group.

The deal will make Woodside a top 10 global independent oil and gas producer, giving it oil assets in the Gulf of Mexico, gas in Trinidad and Tobago and ageing assets in Australia's Bass Strait, while doubling its stake in North West Shelf LNG.

However, it raised concerns about the strategic sense of expanding in oil and taking on ageing gas assets with big decommissioning costs.

Investors said the fall in Woodside shares was also partly due to worries about an overhang of stock as BHP investors who want to get out of fossil fuels would look to dump the shares.

The stock was down 1.2% in afternoon trade, underperforming a 1% rise in local rivals Santos and Oil Search.

Woodside's new chief executive, Meg O'Neill, said while investors were very familiar with BHP's Australian oil and gas assets, they did not appreciate the value of its Gulf of Mexico oil stakes – Mad Dog, Atlantis and Shenzi.

​ "Those are just first-class top-tier assets that will be very cash accretive to the merged company," O'Neill told Reuters.

Analysts and two BHP investors said Woodside got the BHP assets relatively cheaply.

"I'd much rather have just hung on to them and harvested the capital because demonstrably the returns from the growth parts of those projects are much higher than Jansen," said a Sydney-based fund manager, referring to the $5.7 billion Jansen potash project BHP approved on Tuesday.

Tribeca Investment Partners CEO Ben Cleary, a BHP shareholder, said what BHP lost with the discount on its petroleum assets would be offset by a higher valuation multiple for no longer holding oil and gas.

"Long term the deal makes sense. I think BHP looks more attractive for a wider audience," said Matt Haupt, portfolio manager at Wilson Asset Management, a BHP shareholder.

Analysts were upbeat about the long term for Woodside, saying the deal would give it more growth options, beyond its $12 billion Scarborough gas project and Pluto LNG expansion, funded by strong cash generation at BHP's debt-free assets.

"It's a logical deal between the parties," said Argo Investments portfolio manager Andy Forster. "I do think ultimately shareholders will vote for it."

Woodside aims to put the deal to a vote in the second quarter of 2022.

Credit Suisse analyst Saul Kavonic said Woodside shareholders may be painted into a corner, noting that, as part of the deal, Woodside gave BHP an option to hand over its stake in the Scarborough project for $1 billion if Woodside makes a final investment decision on the project by Dec. 15.

Woodside would then be the sole owner of Scarborough and have to fund the project by itself, which it cannot afford.

"Shareholders may have little choice but to vote the merger through because otherwise it would pose a serious balance sheet overhang," Kavonic said.

($1 = 1.3770 Australian dollars)

(Reporting by Sonali Paul; editing by Richard Pullin)

Investors focused on the Basic Materials space have likely heard of United States Steel (X), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of X and the rest of the Basic Materials group's stocks.

United States Steel is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. X is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for X's full-year earnings has moved 69.90% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, X has gained about 68.51% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 12% on average. As we can see, United States Steel is performing better than its sector in the calendar year.

Looking more specifically, X belongs to the Steel – Producers industry, a group that includes 24 individual stocks and currently sits at #12 in the Zacks Industry Rank. This group has gained an average of 57.05% so far this year, so X is performing better in this area.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to X as it looks to continue its solid performance.

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

TORONTO, Aug. 18, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the "Company") is pleased to announce results from underground drilling at the Platosa Mine in Durango, Mexico.

Highlights

• Further definition and expansion of the 623, NE-1 and NE-1S Mantos, with diamond drilling results from underground including:

• Drilling from underground continues to define and delineate mineralization in areas ahead of production and outside of the current mine plan

"Drilling at Platosa continues to define high grade mineralization ahead of production," stated Ben Pullinger, Senior Vice President Geology & Corporate Development. "Additionally drilling into areas previously defined by historical surface holes is upgrading our confidence in the grade and tenor of mineralization and expanding the mineralized envelope around 623 and NE-1"

Exploration Results

The following table shows highlighted intervals from the ongoing underground definition and infill drilling program at Platosa:

Drilling from underground continues to define and expand known mineralization ahead of production at the 623, NE-1 and NE-1S Mantos. Most significantly, drilling into the 623 and NE-1 Mantos continues to improve understanding and confidence, and extend mineralization in these areas. Drilling at Platosa will continue to target areas ahead of production and test the extent of mineralization around mine workings.

Platosa drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico. The lab is accredited to ISO/IEC 17025. Assay turnarounds have been impacted recently by supply and labour shortages related to COVID-19. The Company has a comprehensive QA/QC program, supervised by an independent Qualified Person.

Qualified Person

Mr. Ben Pullinger, P.Geo., Senior Vice President Geology & Corporate Development, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information contained in this press release.

Board Change

Excellon also announces that Michael Timmins has stepped down from the Board of Directors to focus on his other professional commitments.

"Mike has been an excellent board member since joining us in April 2020 and helping guide the Company through the challenges of the past year," stated Brendan Cahill. "We wish him the very best in his future endeavours."

About Excellon

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders. The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico's highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality advanced exploration gold project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company also aims to continue capitalizing on current market conditions by acquiring undervalued projects.

Additional details on Excellon's properties are available at www.excellonresources.com.

www.excellonresources.com

Forward-Looking Statements

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding mineral resources estimates, the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

Cautionary Note to U.S. Investors: The terms "mineral resource," "measured mineral resource," "indicated mineral resource" and "inferred mineral resource," as used on Excellon's website and in its press releases are Canadian mining terms that are defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). These Canadian terms are not defined terms under United States Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC by U.S. registered companies. The SEC permits U.S. companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Accordingly, note that information describing the Company's "mineral resources" is not directly comparable to information made public by U.S. companies subject to reporting requirements under U.S. securities laws. U.S. investors are urged to consider closely the disclosure in the Company's Form 40-F which may be secured from the Company, or online at http://www.sec.gov/edgar.shtml.

SOURCE Excellon Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2021/18/c2458.html

Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed an additional four holes of its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland, with visible gold continuing to be evident in quartz veins. The 100% owned Golden Promise Property is one of the company's eight properties, which cover an area of 25,700 hectares, located within the central Newfoundland gold belt.

These holes are a part of Phase 2 diamond drilling at the gold bearing Jaclyn Zone, located within the northern region of the Golden Promise Property, which hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones.

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The current Phase 2 drilling will include up to 33 drill holes, totalling approximately 5,000 metres, at the gold bearing Jaclyn Zone with holes planned at the Jaclyn Main Zone and Jaclyn North Zone. Holes GP-21-152 and 153 were completed at the Jaclyn Main Zone, both being definition holes. Hole GP-21-152 intersected a quartz veined zone between 46.9 to 49.6 metres. Hole GP-21-153 intersected multiple quartz veins with visible gold present at two locations, within a quartz vein intersected between 44.00 and 46.63 metres, and again within a zone of predominantly quartz veins between 66.90 and 74.48 metres.

Most of the planned holes at the Jaclyn Main Zone are within the central to west region of the zone, testing above 200 metres vertical depth. Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200 to 350 metres vertical depth.

Holes GP-21-154 and 155 were completed at the Jaclyn North Vein near the west margin of a zone of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins, with visible gold present in a quartz vein in GP-21-154.

The company collected gold bearing quartz boulder samples in this area during 2017, including samples returning 163, 208 and 332 grams per tonne and again in 2020 including samples returning 17.4, 26.7 and 157.6 grams per tonne gold.

Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts of 113.07 grams per tonne gold over 0.55 metres and 61.35 grams per tonne gold over 2.04 metres, and 15.8 grams per tonne gold over 2.70 metres, plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 grams per tonne gold over 25.25 metres.

The company reported a NI 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 grams per tonne gold for 119,000 ounces uncapped.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup, a volcano-sedimentary terrane. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX: MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV: SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV: NFG) at the Queensway Project.

Viewers are warned that mineralization at the Valentine Gold Project, the Moosehead Gold Project, the Queensway Project, and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization on the company's Golden Promise Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

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The board of Albemarle Corporation (NYSE:ALB) has announced that it will pay a dividend on the 1st of October, with investors receiving US$0.39 per share. The dividend yield is 0.7% based on this payment, which is a little bit low compared to the other companies in the industry.

While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Albemarle's stock price has increased by 38% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield.

View our latest analysis for Albemarle

Albemarle's Earnings Easily Cover the Distributions

The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Prior to this announcement, Albemarle's dividend was only 24% of earnings, however it was paying out 123% of free cash flows. A cash payout ratio this high could put the dividend under pressure and force the company to reduce it in the future if it were to run into tough times.

Looking forward, earnings per share is forecast to fall by 11.6% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could be 29%, which we consider to be quite comfortable, with most of the company's earnings left over to grow the business in the future.

Albemarle Has A Solid Track Record

Even over a long history of paying dividends, the company's distributions have been remarkably stable. The first annual payment during the last 10 years was US$0.56 in 2011, and the most recent fiscal year payment was US$1.56. This means that it has been growing its distributions at 11% per annum over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable.

The Dividend Has Growth Potential

Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. We are encouraged to see that Albemarle has grown earnings per share at 7.0% per year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time.

In Summary

Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. While Albemarle is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. As an example, we've identified 4 warning signs for Albemarle that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high performing dividend stock.

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.

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