Mining behemoth BHP (BHP.L) is leaving the FTSE 100 index (^FTSE), as it plans to scrap a dual listing of its shares in Sydney and London. 

The move comes after two decades as part of the index. BHP will move its main listing to Australia following an announcement on Tuesday, with a secondary listing on UK markets. 

As a result of the move, many UK investors will be forced to sell their holdings. 

The industry giant is the world's biggest mining company and is a huge player in the market, regularly topping the charts in terms of market value.  

The company's chairman Ken MacKenzie said the move would serve to "unify BHP's corporate structure."

The company's stock was 5.2% lower by 1pm on Wednesday in London.

"Our plans announced today will better enable BHP to pursue opportunities in new and existing markets and create value and returns over generations," said MacKenzie. 

The delisting proposal comes just days after the company said it would be extracting itself from fossil fuels, merging its oil and gas assets with Australia's Woodside (WPL.AX). The company will shift towards commodities such as copper and nickel. Its thermal coal mine is also up for sale. 

Read more: European markets open higher after a day of selling

It is the second corporate giant to abandon a dual structure in London in the past five years — Unilever (UNA.AS) chose to simplify its own structure, opting for an Amsterdam listing, prompting speculation about Brexit flight.

BHP's move will make dealmaking easier for the company, as well as decarbonising and net-zeroing its output. 

Although it will also spark worry in UK investors, at a time when politicians and officials are looking to make London a more attractive place to list.

According to the Financial Times, BHP ended Tuesday as the second biggest company on the London Stock Exchange with an equity market value of more than £129bn ($177.5bn), just behind AstraZeneca (AZN.L) at £133bn.

Watch: What are SPACs?

TORONTO, ON/ ACCESSWIRE / August 18, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce that grab samples of quartz veins in a granitic intrusion returned gold values ranging from anomalous to 28,841 ppb (28.84 g/t) gold on PJX's Zinger Property Gar Target located in the Vulcan Gold Belt of the Sullivan Mining District near Cranbrook, southeastern British Columbia, Canada.

"The style of gold mineralization and the intrusion hosting the gold appear similar in type to the Fort Knox gold deposit in Alaska" states Mr. John Keating, President and CEO of PJX Resources. "Fort Knox and the Gar intrusive target both have visible gold that occurs mainly as sheeted veins within Cretaceous granite that intrudes Proterozoic sedimentary rocks. The sulphide content of veins is low in both the Fort Knox and the Gar intrusive, and gold mineralization is associated with elevated bismuth, molybdenum and tungsten. Associated hydrothermal alteration is not significant in either camp."

Fort Knox has produced 7.5 million ounces of gold since 1969. Host granite has a surface exposure of approximately 1100 by 600 meters, comparable to the PJX Gar intrusive target area of approximately 1200 by 500 meters.

A 1,600 m long gold soil anomaly occurs over the Gar Intrusive. The intrusive is largely covered by overburden and has not been explored with geophysics or been drill tested. Airborne EM and magnetic surveys along with follow-up mapping and prospecting are ongoing this summer to help define targets to drill.

In Summary

• Sheeted quartz veins with gold (Photo A below) occur within and along the margins of a felsic (granitic) intrusive, the Gar intrusive of Cretaceous age (Figure 1 below).

• PJX grab samples of veins returned gold values ranging from anomalous to 28.84 g/t gold.

• Gold occurs as visible gold or with minor sulphide (Photos B & C below).

• Possible multiple generations of veins with gold.

• Compilation of pre-PJX soil survey data has identified a 1,600 m long gold in soil anomaly, that corresponds with showings of gold found in sheeted veins. (Figure 2 below)

• Bismuth and molybdenum soil anomalies also occur in the Gar intrusive and proximal sediments.

• Gold with magnetite occurs locally in sedimentary rocks proximal to the Gar Intrusive.

• The Gar intrusive is largely covered by overburden, has not been explored with geophysics, and has never been drilled.

Figure 1

Figure 2

Photo A – Sheeted vein in Gar Granitic Intrusive, 1365 ppb (1.36 g/t) gold

Photo B -Visible Gold in quartz vein in Gar Intrusive (magnified photo)

Photo C-Visible Gold in Pyrite in quartz vein in Gar Intrusive (magnified photo)

The Gar Intrusive-related Gold Target occurs in the Vulcan Gold (VG) Belt of the Sullivan Mining District. The VG Belt is located at the intersection of two crustal scale structures in Western North America. These deep-penetrating structures are associated with gold mineralization and a variety of base metal deposits along their trends. PJX Management believe that this intersection is the focal point of a large mineralizing system. This system localized the deposition of the world class Sullivan zinc-lead-silver deposit and over 60 km of creeks with placer gold. The Gar target is one of a number of large intrusive related targets with gold and/or copper mineralization potential that we are continuing to explore and will release information on in the coming months.

Qualified Persons

The foregoing geological disclosure has been reviewed and approved by John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper). PJX's primary properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.

Please refer to our web site http://www.pjxresources.com for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com

Forward-Looking Information

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.

Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

SOURCE: PJX Resources Inc.

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Cleveland-Cliffs is still in buy range from a conventional entry of 24.87.

VANCOUVER, British Columbia, Aug. 18, 2021 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Board of Directors (the “Board”). Both Daniel and Gabriel are long term, active participants and investors in the rare earth element industry, and bring extensive commercial and financial experience to the Medallion team.

“The addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Medallion Board is a key moment for the Company, providing a new level of financial and commercial capacity” said Mark Saxon, President and CEO. “Both Daniel and Gabriel have impressive records, and their contributions to Medallion’s strategy and growth are highly anticipated.”

Daniel Mamadou is the founder and executive director of Welsbach Holdings, a Singapore-based firm investing in the discovery and development of the metals and materials that are critical to the global energy transition. Prior to the formation of Welsbach, Daniel co-founded Talaxis Ltd, a subsidiary of Noble Group focused on the development of supply chains of technology metals and materials. He was the director of Talaxis from 2015 until December 2020. In addition, Daniel’s professional career has included senior roles at Deutsche Bank in London and Hong Kong, Goldman Sachs in London and as Head of the Corporate Solutions and Financing for Nomura Securities for the Asia-Pacific region. Daniel holds an MSc in International Securities and Banking from the ICMA Centre University of Reading and a BA in Business Management from ESIC-Valencia.

Gabriel Alonso-Mendoza co-founded Amvest Capital Inc. to support companies seeking growth capital within the natural resource sector. Throughout his career, Gabriel has raised and invested over $1 billion for companies in the mining and metals, oil and gas, and agriculture industries. Before forming Amvest Capital, Gabriel worked on the buy and sell-side ranging from analyst to junior partner. Gabriel graduated from the University of Miami with a degree in International Finance and Marketing.

Furthermore, Medallion announces the grant of 500,000 stock options to directors which are exercisable into common shares of Medallion at a price of $0.17 per common share in accordance with TSX Policy 4.4, and subject to the rules of the TSX Venture Exchange and the Company’s Stock Option Plan. The options have a term of five years and will expire on August 18, 2026.

Medallion is focused on commercialization of proprietary technologies that enable the sustainable extraction and separation of rare earth elements (“REE”) with minimum environmental footprints. This includes a proprietary method to utilize mineral sand monazite as a low cost REE source for which the positive findings of a Techno-Economic Assessment (“TEA”) were recently published; and the patented Ligand Assisted Displacement (“LAD”) Chromatography process for solvent-free REE separation.

Medallion has recently signed a non-binding Memorandum of Understanding for the single-use application of these technologies in southeastern Australia.

About Medallion Resources

Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact(s):

Mark Saxon, President & CEO
+1.604.681.9558 or info@medallionresources.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.

Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to entering into the Binding Contract, and licensing the Medallion Monazite Process to ACDC. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required pursuant to applicable laws.

Shares Outstanding: 277,578,617
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, Aug. 18, 2021 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 7 new drill holes from the Casados deposit in the Los Ricos North project. Drill hole LRGCS-21-053 intersected 3,435 g/t silver equivalent ("AgEq") over 1.0m within 41.6m of 312 g/t AgEq. See Table 1 for breakdown of silver and gold values.

"We're pleased with these exceptional grades contained within wider zones of strong grades at Casados. As we work towards our initial resource at Los Ricos North expected this fall, we're beginning to work on finalizing our models for certain areas of the project. At this point we've cut off drilling at Casados on the principal Casados structure and La Trini and that data is being forwarded to our third party," said Brad Langille, President and CEO. "We continue with our sampling and mapping program at Los Ricos North to generate drill targets for future resource work in the Casados area."

Table 1: Drill Hole Intersections

The Casados Veins strike nearly E-W, dips 45^o to the north and is hosted in andesitic tuffs and is exposed on surface for about 400 metres along strike. In the 7 metres of old stope that is above the water level at the Casados mine, the vein shows as a zone of quartz stringers about a meter wide, but at other places it is more than 2 metres wide. A zone of silicification up to 50 metres wide envelopes the vein and this resistant outcrop forms a steep ridge along the strike of the vein, particularly on the north or hanging wall side.

Casados North
GoGold's geological mapping program has located a series of historical workings along NNW trending veins that splay off the main Casados Vein along a horsetail structure (see Figure 4 for a plan view map and Figure 5 for a sampling map).

A series of low sulphidation epithermal quartz veins have been mapped over an area of 800m x 400m extending on a NNW trend from the area of the Casados mine. The veins are exposed in a dozen historical shallow workings and chip sampling has returned high silver and gold values. Drill hole LRGCS-21-038 (see press release dated May 26, 2021), targeted to test below the Casados mine workings, intersected one of these new veins close to surface as shown on the sampling map.

Table 2: Drill Hole Locations

Figure 1: Plan View – La Trini to El Favor Area of Los Ricos North

Figure 2: Long Section – Casados Deposit

Figure 3: Long Section – Grade Thickness (GT) Equivalent – Casados Deposit

Figure 4: Drilling – Casados Deposit

Figure 5 – Casados North Sampling Map

VRIFY Slide Deck and 3D Presentation

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

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

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/explore/decks/9404 and on the Company's website at: www.gogoldresources.com.

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

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

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

The sealed and tagged sample bags are transported to the SGS Laboratory in Durango, Mexico. SGS crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code GE_FAA515) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code GO_FAU333). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP) and Fire Assay Code GE_AAS42E). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code GO_FAG333).

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

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

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

CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

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

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

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SOURCE GoGold Resources Inc.

(Bloomberg) — The U.K.’s blue-chip FTSE 100 Index will lose its second-biggest stock by market value and the world’s largest mining company, after BHP Group announced plans to simplify its listing structure.

BHP will move to a primary listing in Australia after collapsing a dual arrangement that dates back to the company’s creation 20 years ago when Australia’s BHP Ltd. merged with rival Billiton. The change, one of several announced Tuesday that also included a plan to exit the oil and gas business, means BHP can be more nimble in pursuing deals, Chief Executive Officer Mike Henry told reporters.

However, the deletion from the FTSE 100 will also prompt asset managers and exchange-traded funds which track the benchmark to sell their holdings in BHP. And the loss will be a blow to the index — the London Stock Exchange is seeking to attract new listings as the U.K. maps its future outside the European Union. It still includes several of the world’s other huge mining companies though, including No. 2 Rio Tinto Group, another dual-listed stock.

“Clearly it’s a big blow losing such a heavyweight,” Neil Wilson, chief market analyst at Markets.com, said in an email. “But it will help balance the FTSE 100 a bit more with less leaning on basic resources. Bit less mining, bit more room for up-and-coming tech is surely not a terrible thing,” he said, adding that ultimately BHP is an Australian company at heart and should be listed there.

While BHP is the second-largest company in the FTSE 100, behind AstraZeneca Plc, it only ranks 10th by weighting because of the dual listing, representing 2.6% of the index. The proposal — which is subject to approvals including by the company’s board — would leave BHP with secondary listings in London, Johannesburg and New York. Shareholders of the London-listed vehicle will get shares of the Sydney-listed entity on a one-for-one basis.

The miner has been reviewing its listing structure for years after Elliott Management Corp. pushed BHP to reorganize as a single company. Elliott — which also advocated for the company to get out of oil and gas — argued that removing the dual listing would eliminate a discount between its shares in London and Sydney, reduce costs and bolster transparency.

“Could there be some shareholders who are forced sellers? Yes, clearly,” BHP’s Henry said in a Bloomberg TV interview. “We continue to see shareholders in the Plc as very important and I want to see as many of those as possible continue to hold BHP.”

Under the current arrangement, BHP has two headquarters and two main stock market listings, but is run as a single entity under the same management and board. The company announced the change to its structure as part of its annual earnings results Tuesday, confirming an earlier Bloomberg News report.

(Updates with CEO comments in penultimate paragraph.)

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VANCOUVER, BC / ACCESSWIRE / August 17, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the following two drill holes (GP-21-154 and GP-21-155) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. These holes are part of the Company's Phase 2 drilling program at the Jaclyn Zone. The holes were completed at the Jaclyn North Zone in an area of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins. Visible gold is present in a quartz vein in GP-21-154

Quartz Veining in GP-21-154 with Visible Gold

Drill Holes GP-21-154 and GP-21-155 tested the Jaclyn North Zone (JNZ) east of pre-Great Atlantic drilling, being part of the Company's Phase 2 drilling program at the Jaclyn Zone. The first three holes of the Phase 2 drilling program (GP-20-146, GP-20-147 and GP-20-148), conducted during late 2020, extended the JNZ quartz vein system approximately 260 meters further east along strike with each hole intersecting gold bearing quartz veins (see News Releases on the Company's website). GP-21-154 and GP-21-155 were definition holes in this area of the JNZ, each drilled near the west margin of a zone of gold bearing quartz boulders.

The company located gold bearing quartz boulders during 2017-2020 in the area of current drilling at the JNZ, including four boulder samples exceeding 100 g/t gold. This northeast trending quartz boulder field is approximately 300 meters long

Drill hole GP-21-154 was drilled slightly southeast at an approximate 48-degree dip to a length of 122 meters. The objective of the hole was to test the projected up-dip extension of a gold bearing quartz veined interval (including 1.28 g/t gold over 0.87 meters core length) intersected in drill hole GP-21-147. GP-21-154 intersected a quartz veined interval at 20.3 – 22.2 meters. Visible gold is present in one vein within this interval. Sulfide mineralization is also present locally in quartz veins within this interval.

Drill hole GP-21-155 was collared approximately 10 meters north of GP-19-154. Drill hole GP-19-155 was drilled slightly southeast at an approximate 64-degree dip to a length of 92 meters. It intersected multiple quartz veins of which the most prominent and sulfide bearing veins being intersected at 24.20 – 24.75 meters (possible down-dip extension of the quartz veined interval intersected in GP-21-154) and at 56.22 – 56.52 meters.

Quartz vein in GP-21-155

The current Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes completed and planned at the Jaclyn Main Zone (JMZ) and JNZ and total planned drilling of approximately 5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide information for an updated resource estimate of the JMZ. The first five holes completed during 2021 were at the JMZ with visible gold interested in quartz veins in four holes. The Company is continuing the drill hole numbering system from previous drilling programs. Most of the completed and planned holes at the JMZ are within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the JMZ during Phase 2 to test the zone at 200-350 meters vertical depth. Planned holes at the JNZ are east of pre-Great Atlantic drilling to define the zone.

Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped).

The Company confirmed high-grade gold at the JMZ during initial 2019 drilling, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters, 61.35 g/t gold over 2.04 meters and 15.8 g/t gold over 2.70 meters plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 g/t gold over 25.25 meters.

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 (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. 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. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization the Golden Promise Property.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director

Investor Relations:

Andrew Job 1-416-628-1560 IR@GreatAtlanticResources.com
Office Line 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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.

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/660106/Great-Atlantic-Drilling-Confirms-Additional-Quartz-Veins-300-Meters-North-of-Jacklyn-Main-with-Visible-Gold

Kroger can be considered another value pick for Buffett and Berkshire Hathaway, but it is also a long-term play on the transformation of food shopping.

Stewart, British Columbia–(Newsfile Corp. – August 17, 2021) – Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) has closed a non-brokered private placement of non-flow-through units to raise aggregate gross proceeds of $500,000.

A total of 10,000,000 non flow-through units were issued at the price of 5 cents per unit to raise $500,000. Each non flow-through unit consists of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of 8 cents per share.

All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the units, are subject to a hold period and may not be traded in Canada until December 14th, 2021, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

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

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."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93439.

The new week started with stocks solidly in the red on Monday morning, but then the S&P and Dow staged another comeback that kept their record-setting pace alive. Meanwhile, we’re getting ready for a week full of retail earnings and data that should give us a read on the consumer and, therefore, the economic recovery.

“Equities saw pressure in the morning, then grinded their way higher all day. Sound familiar?”, said Jeremy Mullin in Counterstrike. “Things continue to be quite confusing, but the model to follow has been selling in the morning and buying in the afternoon.”

The Dow was down by nearly 300 points at its worst of the session, but finished higher by 110 points. It was up 0.31% to 35,625.40. The S&P rose 0.26% to 4479.71. These indices have now put together five consecutive sessions of record closes.

The NASDAQ, however, slipped 0.20% (or about 29 points) to 14,793.76. The tech-heavy index is under much more pressure than its counterparts these days. It was down by nearly 13 points last week, while the Dow and S&P were up 0.9% and 0.7%, respectively.

Softer-than-expected retail sales in China were one of the reasons why stocks had such a sluggish morning. And it just so happens that U.S. retail sales will be released tomorrow. You may remember that last month’s print was a pleasant surprise, climbing 0.6% in June to beat expectations calling for a slight loss. It was also a noteworthy improvement from the 1.7% plunge in May.  

And that report is just the tip of the iceberg when it comes to retail news this week. Earnings season may be winding down, but we always finish up on an exciting note when some of the biggest retailers in the world take the stage.

Tomorrow we get releases from Walmart (WMT) and Home Depot (HD) before the bell, which were up 0.82% and 1.13% today, respectively. And on Wednesday this week we get the Fed minutes for the July meeting. The release is always a big deal, but it may take on even more importance as many investors feel that a taper announcement is drawing near.

Today's Portfolio Highlights:

Blockchain Technology: You might not think this portfolio needs a mining company, but Rio Tinto (RIO) is proving that this innovative technology can be used anywhere. The company launched a blockchain-based program called START earlier this year, which is the first sustainable label for aluminum using blockchain technology. It’ll be similar to a nutrition label on food, except it will offer information on things like carbon footprint, regulatory compliance and much more. Earnings estimates for RIO are going “through the roof”, which explains why the stock is a Zacks Rank #2 (Buy). Read the full write-up for a lot more on this new addition and be ready for another buy later this week.

Surprise Trader: Earnings season may be slowing down, but it’s not over. In fact, the tail end is when the retailers come out to report, which is where Dave went for his first of four additions this week. He picked up Tapestry (TPR), a designer and marketer of fine accessories and gifts (formerly known as Coach). This Zacks Rank #2 (Buy) has beaten the Zacks Consensus Estimate for four straight quarters with a positive surprise of 70% last time. And now it has a positive Earnings ESP of 6.06% heading into its next release on Thursday after the bell. The editor added TPR on Monday with a 12.5% allocation, while also getting out of the “meandering” Middleby Corp. (MIDD) position. Read the complete commentary for more.

Black Box Trader: The portfolio replaced four names in this week's adjustment. The stock that were sold on Monday included:

• Target (TGT, +5.1%)
• Interpublic Group of Cos. (IPG, +5%)
• Mattel (MAT)
• Skechers U.S.A. (SKX)

The new buys that filled these spots are:

• Avis Budget Group (CAR)
• DICK'S Sporting Goods (DKS)
• Nucor (NUE)
• Urban Outfitters (URBN)

Read the Black Box Trader’s Guide to learn more about this computer-driven service. By the way, this portfolio had a top performer on Monday with AutoNation (AN) advancing 5.7%.

Options Trader: "Stocks closed mostly higher today with the Dow and S&P both hitting new all-time highs in the process.

"The markets were weaker in the morning and for a portion of the afternoon. But after hitting their worst levels early on, they spent the rest of the day making their way back and then some.

"A stellar Q2 earnings season has really lifted stocks. And even though it's winding down, the robust outlooks for Q3 and beyond suggests there's a lot more upside to go.

"Same goes for the economic reports. Although, while some reports have beaten expectations, like the recent employment report which showed 943,000 new jobs were created last month, some have slowed down a bit. But we continue to see strong economic activity from a rebounding economy eager to open back up." — Kevin Matras

All the Best,
Jim Giaquinto

Recommendations from Zacks' Private Portfolios:

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Zacks Investment Research

Hargreaves Services' (LON:HSP) stock is up by a considerable 47% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Hargreaves Services' ROE today.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

View our latest analysis for Hargreaves Services

How Do You Calculate Return On Equity?

The formula for ROE is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Hargreaves Services is:

11% = UK£16m ÷ UK£144m (Based on the trailing twelve months to May 2021).

The 'return' is the yearly profit. One way to conceptualize this is that for each £1 of shareholders' capital it has, the company made £0.11 in profit.

Why Is ROE Important For Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Hargreaves Services' Earnings Growth And 11% ROE

To begin with, Hargreaves Services seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 8.7%. This probably laid the ground for Hargreaves Services' significant 48% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For instance, the company has a low payout ratio or is being managed efficiently.

We then compared Hargreaves Services' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 12% in the same period.

Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Hargreaves Services is trading on a high P/E or a low P/E, relative to its industry.

Is Hargreaves Services Making Efficient Use Of Its Profits?

Hargreaves Services' three-year median payout ratio is a pretty moderate 28%, meaning the company retains 72% of its income. So it seems that Hargreaves Services is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.

Moreover, Hargreaves Services is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Upon studying the latest analysts' consensus data, we found that the company's future payout ratio is expected to rise to 58% over the next three years. Consequently, the higher expected payout ratio explains the decline in the company's expected ROE (to 6.5%) over the same period.

Summary

On the whole, we feel that Hargreaves Services' performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. That being so, according to the latest industry analyst forecasts, the company's earnings are expected to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

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–(Newsfile Corp. – August 17, 2021) – Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) ("Pure Energy" or "the Company") is pleased to report that Schlumberger has received approval from the Bureau of Land Management ("BLM") for a Plan of Operations covering construction and operation of a pilot plant at Pure Energy's Clayton Valley, Nevada, lithium brine project ("Clayton Valley Project"). Schlumberger, Pure Energy's partner and operator of the Clayton Valley Project, has also received permit approval for the associated reclamation plan from the Nevada Division of Environmental Protection, Bureau of Mining Regulation and Reclamation (NDEP-BMRR).

Construction and operation of the pilot plant are planned to occur at Pure Energy's Clayton Valley property located 40 miles southwest of Tonopah in Esmeralda County, Nevada, as approved by the BLM and Nevada authorities. In March 2021, Schlumberger New Energy announced its plans to develop a lithium extraction pilot plant at the Clayton Valley Project through its wholly owned subsidiary, NeoLith Energy (see Pure Energy news release of March 20, 2021).

The BLM approved the Plan of Operations after completion of the required engineering design, environmental studies and public comment period. Additional permit applications are in process with NDEP.

"Pure Energy is excited that this important step towards development of the Clayton Valley Project has been achieved," stated Pure Energy director, Mary Little. "We look forward to advancing the Clayton Valley Project with Schlumberger New Energy."

About Schlumberger New Energy

Schlumberger is the world's leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger's intellectual and business capital in emerging new energy markets, with a focus on low-carbon and carbon-neutral energy technologies. Its activities include ventures in the domains of hydrogen, lithium, carbon capture and sequestration, geothermal power and geoenergy for heating and cooling buildings.

About Pure Energy Minerals

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley ("CV") Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's CV Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation. Drilling of bore holes CV-01 through CV-08 were completed together with a revised mineral resource and a Preliminary Economic Assessment ("PEA") for the Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).

Pure Energy's partner, Schlumberger, is the operator of the Clayton Valley Project. On May 29, 2019, Pure Energy and Schlumberger signed an Earn-In agreement over the CV Project which requires significant investment by Schlumberger at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH∙H₂O") and/or lithium carbonate products at a specified rate. Schlumberger plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. Schlumberger's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding Schlumberger's participation, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of brine during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and Schlumberger's future pilot plant facility. In July of 2020, the CV-09 well was completed pursuant to the Finite Term Water Right and results of initial sampling were published by Pure Energy on October 14, 2020.

Quality Assurance

Walter Weinig, Professional Geologist and Qualified Person (Mining and Metallurgical Society of America (MMSA)) registration #01529QP), has reviewed and approved the scientific and technical information presented in this news release for Pure Energy Minerals Ltd. He is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

"Mary L. Little"
Director, Pure Energy Minerals Ltd.

CONTACT:

Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: info@pureenergyminerals.com
Telephone – 604 608 6611

Cautionary Statements and Forward-Looking Information

The information in this news release contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include future exploration and development on the Clayton Valley Project. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The Company does not undertake to update any forward-looking information, except as required by applicable laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93429

QUEBEC CITY, Aug. 17, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (“Stelmine” or the “Company”) is pleased to announce that it has entered into an agreement with MarketSmart Communications Inc., pursuant to which MarketSmart will provide investor relations (“IR”) services to Stelmine for an initial term of 12 months.

Stelmine will pay MarketSmart a fee of $7,000 per month, plus applicable taxes, and MarketSmart will also be granted stock options to purchase 500,000 common shares of Stelmine at a price of 28 cents per share for a term of two years. The options are in accordance with Stelmine’s stock option plan and are vested quarterly over one year. The IR agreement, effective August 16, 2021, and grant of options are subject to the approval of the TSX Venture Exchange.

Isabelle Proulx, Stelmine CEO, commented: “As Stelmine becomes much more active on the ground with emerging new discoveries at our projects in the Caniapiscau district, east of James Bay, we are determined to ramp up our outreach to investors. We’re delighted to be working with MarketSmart which is recognized as a leading Canadian IR firm.”

Adrian Sydenham, President of MarketSmart, stated: "Historical drill results at the Courcy Property and a growing number of surface discoveries over a broad area at Mercator to the northwest have our team excited about this project in terms of its scale and grade potential. This part of northern Quebec has received little exploration attention in the past, and Stelmine has the team capable of making an important new discovery. They’re now rapidly approaching the drilling stage after a three-year systematic approach to exploration that has built an impressive inventory of high-quality targets. We see excellent opportunities in the gold space during this second half of 2021, so we’re very excited to be engaging with Stelmine at a catalyst-rich period for the company.”

Project & Regional Map

Click here to see the map

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 sq. km in this part of northern Quebec, highlighted by the Courcy and Mercator Projects.

FORWARD LOOKING INFORMATION

Certain information in this press release may contain forward-looking statements, such as statements regarding the expected closing of and the anticipated use of the proceeds from the Offering, acquisition and expansion plans, availability of quality acquisition opportunities, and growth of the Company. This information is based on current expectations and assumptions (including assumptions in connection with obtaining all necessary approvals for the Offering and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include those relating to the ability to complete the Offering on the terms described above. The Company assumes no 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 securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators. The filings are available at www.sedar.com.

CAUTIONARY STATEMENT

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

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

For further information, contact:

Isabelle Proulx, President and CEO
Email: iproulx@stelmine.com
Tel: 418-626-6333

Follow us on: www.Stelmine.com
https://twitter.com/Stelmine1
https://www.facebook.com/StelmineCanada/
https://www.linkedin.com/company/stelmine-canada-ltd/

In this article, we discuss the 15 best momentum stocks to invest in. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Momentum Stocks To Invest In.

The influx of retail investors on the market in the past few months has led to an increase in stock volatility. However, smart investors have capitalized on this change by using this volatility to identify short-term upsides, buying rallies to sell at peak values. This investing strategy was made popular by Narasimhan Jegadeesh and Sheridan Titman in a research paper published in the early 1990s. The study found that investors who bought stocks that had performed well in the past and sold those that performed poorly generated significant positive returns over a year.

The academic weight behind momentum investing was given further credence by Wesley Gray and Jack Vogel, who revealed in a book titled Quantitative Momentum that a model they had come up with which measured stock momentums had returned close to 16% annually from 1927-2014, outperforming the industry benchmark S&P 500 over the period which had an annualized return rate of under 10% in the same time period. Investors concerned about soaring market valuations these days should take refuge in these numbers.

Some of the best momentum stocks to buy right now include Paycom Software, Inc. (NYSE: PAYC), Pfizer Inc. (NYSE: PFE), and Capital One Financial Corporation (NYSE: COF), among others discussed in detail below. However, those who want to jump on the momentum bandwagon should also consider the dotcom and finance bubbles of the previous decades that burst unexpectedly. As with any other investing strategy, momentum investing also carries certain risks. The world of big finance is no stranger to these risks.

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

Image by Sergei Tokmakov www.thecorporateattorneys.com from Pixabay

Our Methodology

With this context in mind, here is our list of the 15 best momentum stocks to invest in. These were ranked according to the percentage gain in share price over the past thirty days. In addition, special importance was assigned to the analyst ratings for each stock, with only those that have positive analyst sentiment making the cut. Finally, the data of 866 hedge funds tracked by Insider Monkey was used to gauge hedge fund sentiment around each company.

Best Momentum Stocks To Invest In

15. Tesla, Inc. (NASDAQ: TSLA)

Number of Hedge Fund Holders: 62

Percentage Gain in Last Month: 5.74%

Tesla, Inc. (NASDAQ: TSLA) is placed fifteenth on our list of 15 best momentum stocks to invest in. The company makes and sells electric vehicles. It also has stakes in the clean energy business. It is based in California. On August 13, Elon Musk, the chief of the firm, said that the company would begin producing cars at the Gigafactory setup in Berlin if it obtained regulatory permission to do so in time. Earlier the same day, CATL, the battery supplier of the company, revealed it was planning to raise $9 billion through a private placement to expand production.

On August 9, investment advisory Jefferies upgraded Tesla, Inc. (NASDAQ: TSLA) stock to Buy from Hold and raised the price target to $850 from $700, noting the higher global battery electric demand in the coming months as a growth catalyst for the firm.

At the end of the first quarter of 2021, 62 hedge funds in the database of Insider Monkey held stakes worth $10 billion in Tesla, Inc. (NASDAQ: TSLA), down from 68 in the preceding quarter worth $12 billion.

Just like Paycom Software, Inc. (NYSE: PAYC), Pfizer Inc. (NYSE: PFE), and Capital One Financial Corporation (NYSE: COF), Tesla, Inc. (NASDAQ: TSLA) is one of the best momentum stocks to invest in.

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ: TSLA) in its Q1 2021 investor letter:

14. Ball Corporation (NYSE: BLL)

Number of Hedge Fund Holders: 38

Percentage Gain in Last Month: 6.33%

Ball Corporation (NYSE: BLL) is ranked fourteenth on our list of 15 best momentum stocks to invest in. The company operates from Colorado and markets aluminum packaging products. In earnings results for the second quarter, posted on August 5, the company reported earnings per share of $0.86, beating market estimates by $0.03. The revenue over the period was $3.4 billion, up more than 23% compared to the revenue over the same period last year and beating predictions by $230 million.

On June 22, investment advisory Atlantic Equities upgraded Ball Corporation (NYSE: BLL) stock to Overweight from Neutral with a price target of $101. Colin Isaac, an analyst at the firm, issued the ratings update.

At the end of the first quarter of 2021, 38 hedge funds in the database of Insider Monkey held stakes worth $1.4 billion in Ball Corporation (NYSE: BLL), down from 44 in the preceding quarter worth $944 million.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Ball Corporation (NYSE: BLL) was one of them. Here is what the fund said:

13. The Allstate Corporation (NYSE: ALL)

Number of Hedge Fund Holders: 41

Percentage Gain in Last Month: 6.78%

The Allstate Corporation (NYSE: ALL) is an Illinois-based firm that markets insurance products. It is placed thirteenth on our list of 15 best momentum stocks to invest in. The company posted earnings for the second quarter on August 4, reporting earnings per share of $3.79, beating market predictions by $0.63. The revenue over the period was $12.6 billion, up close to 13% compared to the revenue over the same period last year and beating market estimates by more than $2 billion.

On July 9, investment advisory UBS kept a Neutral rating on The Allstate Corporation (NYSE: ALL) stock and raised the price target to $139 from $118, highlighting the macro environment and favorable pricing for the company as growth catalysts.

At the end of the first quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $893 million in The Allstate Corporation (NYSE: ALL), up from 38 the preceding quarter worth $838 million.

In addition to Paycom Software, Inc. (NYSE: PAYC), Pfizer Inc. (NYSE: PFE), and Capital One Financial Corporation (NYSE: COF), The Allstate Corporation (NYSE: ALL) is one of the best momentum stocks to invest in.

In its Q2 2020 investor letter, Generation PMCA, an asset management firm, highlighted a few stocks and The Allstate Corporation (NYSE: ALL) was one of them. Here is what the fund said:

12. General Electric Company (NYSE: GE)

Number of Hedge Fund Holders: 68

Percentage Gain in Last Month: 7.60%

General Electric Company (NYSE: GE) is a Boston-based high tech industrial company. It is ranked twelfth on our list of 15 best momentum stocks to invest in. On August 9, the healthcare unit of the firm revealed that it had entered into an agreement with Amazon Web Services to provide hospitals and healthcare providers with artificial intelligence and cloud-based imaging solutions and other integrated data. The company also said it would offer the Edison Health Services platform on the Amazon platform as part of the deal.

On May 19, investment advisory Barclays kept an Overweight rating on General Electric Company (NYSE: GE) stock and raised the price target to $16 from $15, noting several growth catalysts for the firm in the coming year.

At the end of the fourth quarter of 2020, 68 hedge funds in the database of Insider Monkey held stakes worth $6.1 billion in General Electric Company (NYSE: GE), down from 69 in the previous quarter worth $5.6 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE: GE) was one of them. Here is what the fund said:

11. JPMorgan Chase & Co. (NYSE: JPM)

Number of Hedge Fund Holders: 111

Percentage Gain in Last Month: 7.83%

JPMorgan Chase & Co. (NYSE: JPM) is placed eleventh on our list of 15 best momentum stocks to invest in. The company is headquartered in New York and provides a variety of different financial services. On August 11, a day before it was revealed that exchange-traded funds had topped $9 trillion in assets, the firm announced plans to convert four active mutual funds into exchange traded funds. The four funds that are being converted hold $10 billion in assets under management.

On July 14, investment advisory Credit Suisse kept an Outperform rating on JPMorgan Chase & Co. (NYSE: JPM) stock and raised the price target to $177 from $170, noting the upside was driven by broad based revenue upside.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in JPMorgan Chase & Co. (NYSE: JPM) with 6.6 million shares worth more than $1 billion.

Alongside Paycom Software, Inc. (NYSE: PAYC), Pfizer Inc. (NYSE: PFE), and Capital One Financial Corporation (NYSE: COF), JPMorgan Chase & Co. (NYSE: JPM) is one of the best momentum stocks to invest in.

In its Q4 2020 investor letter, Bretton Fund, an asset management firm, highlighted a few stocks and JPMorgan Chase & Co. (NYSE: JPM) was one of them. Here is what the fund said:

10. eBay Inc. (NASDAQ: EBAY)

Number of Hedge Fund Holders: 51

Percentage Gain in Last Month: 10.16%

eBay Inc. (NASDAQ: EBAY) is ranked tenth on our list of 15 best momentum stocks to invest in. The company is run from California and operates an online marketplace that connects buyers with sellers. In earnings results for the second quarter, posted on August 11, the company reported earnings per share of $0.99, beating market estimates by $0.04. The revenue over the period was more than $2.6 billion, up over 14% compared to the revenue over the same period last year. The firm has a market cap of $48 billion.

On August 12, investment advisory Baird reiterated an Outperform rating on eBay Inc. (NASDAQ: EBAY) stock and raised the price target to $70 from $65, noting that buyer churn may be an overhang for the firm in the near term.

Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Baupost Group is a leading shareholder in eBay Inc. (NASDAQ: EBAY) with 18.3 million shares worth more than $1.1 billion.

In its Q4 2020 investor letter, Steel City Capital, an asset management firm, highlighted a few stocks and eBay Inc. (NASDAQ: EBAY) was one of them. Here is what the fund said:

9. Kansas City Southern (NYSE: KSU)

Number of Hedge Fund Holders: 49

Percentage Gain in Last Month: 10.86%

Kansas City Southern (NYSE: KSU) is a Missouri-based transportation holding company. It is placed ninth on our list of 15 best momentum stocks to invest in. The firm is primarily involved in the rail transportation business. It has a market cap of $26 billion and posted more than $2.6 billion in revenue last year. The company is presently the subject of a merger deal with either Canadian Pacific Railway or Canadian National Railway. However, as per reports, the firm is said to tilt in favor of a superior offer from the latter.

On August 10, Kansas City Southern (NYSE: KSU) declared a quarterly dividend of $0.54 per share, in line with previous. The forward yield was 0.75%. The dividend is payable to shareholders by the first week of October.

At the end of the first quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in Kansas City Southern (NYSE: KSU), the same as in the preceding quarter worth $1 billion.

Paycom Software, Inc. (NYSE: PAYC), Pfizer Inc. (NYSE: PFE), and Capital One Financial Corporation (NYSE: COF) are some of the best momentum stocks to invest in, in addition to Kansas City Southern (NYSE: KSU).

In its Q1 2021 investor letter, Miller/Howard Investments, an asset management firm, highlighted a few stocks and Kansas City Southern (NYSE: KSU) was one of them. Here is what the fund said:

8. Ulta Beauty, Inc. (NASDAQ: ULTA)

Number of Hedge Fund Holders: 46

Percentage Gain in Last Month: 14.07%

Ulta Beauty, Inc. (NASDAQ: ULTA) is an Illinois-based retailer of beauty products. It is ranked eighth on our list of 15 best momentum stocks to invest in. The company runs more than 1,200 retail stores in 50 states across the country. In earnings results for the first quarter, posted on May 27, the firm reported earnings per share of $4.07, beating market predictions by $2.11. The revenue over the period was $1.9 billion, up more than 65% compared to the revenue over the same period last year and beating estimates by $300 million.

On August 16, investment advisory Oppenheimer maintained an Outperform rating on Ulta Beauty, Inc. (NASDAQ: ULTA) stock and raised the price target to $415 from $385, backing the firm to deliver as it prepared to post earnings for the quarter.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Select Equity Group is a leading shareholder in Ulta Beauty, Inc. (NASDAQ: ULTA) with 2.3 million shares worth more than $730 million.

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

Number of Hedge Fund Holders: 68

Percentage Gain in Last Month: 14.12%

Freeport-McMoRan Inc. (NYSE: FCX) is placed seventh on our list of 15 best momentum stocks to invest in. The company is based in Arizona and has interests in the mining business. The company recently beat market expectations on earning per share for the second quarter. It has a market cap of over $59 billion and posted more than $14 billion in revenue last year. The stock has been soaring since the US Senate passed the infrastructure bill of President Biden. The firm explores for copper, gold, oil, and gas, among other metals and resources.

On May 26, investment advisory Deutsche Bank maintained a Buy rating on Freeport-McMoRan Inc. (NYSE: FCX) stock but lowered the price target to $47 from $50, noting that capex would increase as the company invested in growth.

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $3.2 billion in Freeport-McMoRan Inc. (NYSE: FCX), down from 71 in the preceding quarter worth $2.6 billion.

Paycom Software, Inc. (NYSE: PAYC), Pfizer Inc. (NYSE: PFE), and Capital One Financial Corporation (NYSE: COF) are some of the best momentum stocks to invest in, alongside Freeport-McMoRan Inc. (NYSE: FCX).

6. Tyson Foods, Inc. (NYSE: TSN)

Number of Hedge Fund Holders: 28

Percentage Gain in Last Month: 14.27%

Tyson Foods, Inc. (NYSE: TSN) is ranked sixth on our list of 15 best momentum stocks to invest in. The company makes and sells meat and is based in Arizona. It sells beef, pork, chicken, and prepared foods. In earnings results for the third fiscal quarter, posted on August 9, the company reported earnings per share of $2.70, beating market estimates by $1.03. The revenue over the period was $12.4 billion, up over 24% compared to the revenue over the same period last year and beating estimates by $960 million.

On August 10, investment advisory BMO Capital maintained an Outperform rating on Tyson Foods, Inc. (NYSE: TSN) stock and raised the price target to $95 from $84, noting that the strong fundamentals of the firm would converge with operational improvements.

At the end of the first quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $761 million in Tyson Foods, Inc. (NYSE: TSN), down from 38 in the preceding quarter worth $867 million.

Click to continue reading and see 5 Best Momentum Stocks To Invest In.

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Disclose. None. 15 Best Momentum Stocks To Invest In is originally published on Insider Monkey.

Globex Mining Enterprises (TSE:GMX) has had a rough three months with its share price down 17%. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Globex Mining Enterprises' ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

See our latest analysis for Globex Mining Enterprises

How Do You Calculate Return On Equity?

The formula for ROE is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Globex Mining Enterprises is:

73% = CA$13m ÷ CA$18m (Based on the trailing twelve months to June 2021).

The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.73 in profit.

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Globex Mining Enterprises' Earnings Growth And 73% ROE

To begin with, Globex Mining Enterprises has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 16% which is quite remarkable. As a result, Globex Mining Enterprises' exceptional 73% net income growth seen over the past five years, doesn't come as a surprise.

As a next step, we compared Globex Mining Enterprises' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 30%.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Globex Mining Enterprises is trading on a high P/E or a low P/E, relative to its industry.

Is Globex Mining Enterprises Making Efficient Use Of Its Profits?

Summary

Overall, we are quite pleased with Globex Mining Enterprises' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard would have the 3 risks we have identified for Globex Mining Enterprises.

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.

By Nia Williams

CALGARY, Alberta (Reuters) – Canada's largest potash producer Nutrien Ltd said on Tuesday it is confident in growing global demand for the crop fertiliser, shrugging off BHP Group's decision to press on with its massive Jansen project in Saskatchewan that will add millions of tonnes a year of potash supply.

BHP announced it is going ahead with its Jansen potash project, which is expected to cost $5.7 billion in the first phase.

The mine will produce 4.35 million tonnes of potash per year from 2027, BHP said. Potash is a key element in plant nutrition that also makes crops more drought resistant.

Canada produced 21 million tonnes in 2019, accounting for more than 31% of global supply.

"It will take another decade for Jansen to have significant production," Ken Seitz, chief executive of Nutrien Potash said in a statement.

Nutrien expects global demand to grow by 2-3% per year until close to 2030. The company is also seen as an ideal partner to dilute BHP's risk and development costs. BHP says it is open to but not in need of a partner, while Nutrien has said that any tie-up with BHP is not its focus.

Global potash demand by 2030 is likely to be more than sufficient to absorb additional supply from Jansen, said Morningstar analyst Seth Goldstein, as farmers in Asia use more of the crop nutrient.

"Potash has one of the best demand outlooks of any fertiliser out there," Goldstein said.

This month Washington imposed sanctions on Belaruskali OAO, one of Belarus' largest state-owned enterprises and among the world's biggest producers of potash. Belarus Potash Company (BPC), the exporting arm Belaruskali, warned the move would lead to global potash price increases.

Jansen is expected to create 3,500 jobs annually during construction and employ 600 permanent operating staff.

Premier Scott Moe said the mine is the largest private economic investment in the province's history.

(Reporting by Nia Williams; Editing by Marguerita Choy)

The big shareholder groups in Imperial Metals Corporation (TSE:III) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

Imperial Metals is not a large company by global standards. It has a market capitalization of CA$600m, which means it wouldn't have the attention of many institutional investors. In the chart below, we can see that institutions don't own many shares in the company. We can zoom in on the different ownership groups, to learn more about Imperial Metals.

View our latest analysis for Imperial Metals

What Does The Institutional Ownership Tell Us About Imperial Metals?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

Less than 5% of Imperial Metals is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. So if the company itself can improve over time, we may well see more institutional buyers in the future. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most.

Our data indicates that hedge funds own 19% of Imperial Metals. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. The company's largest shareholder is Norman Edwards, with ownership of 40%. Fairholme Capital Management, L.L.C. is the second largest shareholder owning 19% of common stock, and Larry G. Moeller holds about 2.5% of the company stock. Larry G. Moeller, who is the third-largest shareholder, also happens to hold the title of Lead Director. In addition, we found that J. Kynoch, the CEO has 1.0% of the shares allocated to their name.

To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. As far I can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of Imperial Metals

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

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

It seems insiders own a significant proportion of Imperial Metals Corporation. Insiders have a CA$266m stake in this CA$600m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.

General Public Ownership

The general public, with a 31% stake in the company, will not easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Imperial Metals better, we need to consider many other factors. Take risks for example – Imperial Metals has 2 warning signs we think you should be aware of.

If you would prefer check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, backed by strong financial data.

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

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

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

If you want to know who really controls IsoEnergy Ltd. (CVE:ISO), then you'll have to look at the makeup of its share registry. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. Companies that have been privatized tend to have low insider ownership.

IsoEnergy is not a large company by global standards. It has a market capitalization of CA$203m, which means it wouldn't have the attention of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about IsoEnergy.

View our latest analysis for IsoEnergy

What Does The Institutional Ownership Tell Us About IsoEnergy?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that IsoEnergy does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at IsoEnergy's earnings history below. Of course, the future is what really matters.

We note that hedge funds don't have a meaningful investment in IsoEnergy. Our data shows that NexGen Energy Ltd. is the largest shareholder with 50% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. Meanwhile, the second and third largest shareholders, hold 2.5% and 1.6%, of the shares outstanding, respectively.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. As far I can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of IsoEnergy

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

I can report that insiders do own shares in IsoEnergy Ltd.. It has a market capitalization of just CA$203m, and insiders have CA$2.3m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling.

General Public Ownership

The general public holds a 42% stake in IsoEnergy. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Public Company Ownership

It appears to us that public companies own 50% of IsoEnergy. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with IsoEnergy (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process.

Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials.

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

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

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

(Bloomberg) — BHP Group said it plans to unify its dual-listing structure and would have its primary listing in Sydney.

The world’s biggest miner announced the change to its structure as part of its annual earnings results Tuesday, confirming an earlier Bloomberg News report. The proposal would see BHP have its primary listing on the Australian Securities Exchange, with additional listings in London, Johannesburg and New York, according to the exchange filing.

“Now is the right time to unify BHP’s corporate structure,” said BHP Chairman Ken MacKenzie in the filing. “BHP will be simpler and more efficient, with greater flexibility to shape our portfolio for the future.”

Read More: BHP Agrees to Exit Oil Business, Approves Giant New Potash Mine

The resource company’s current primary listings are in Sydney and London, an arrangement that dates back to 2001 following its merger with U.K.-listed Billiton. Shareholders of the London-listed vehicle will get shares of the Sydney-listed entity on a one-for-one basis, the filing said.

Elliott Management Corp. previously had pushed BHP to reorganize as a single company listed in Australia, and argued in 2018 the changes could add more than $22 billion in value to the miner’s shareholders.

The removal of BHP’s dual U.K. listing would increase the firm’s value by reducing costs, bolstering transparency and could eliminate a discount between its shares in London and Sydney, Elliott argued at the time.

The decision caps a series of major shifts this quarter by the company, which is exiting its petroleum business and has also been divesting a number of coal mines.

The proposal on listing changes is subject to approvals including by the company’s board. If approved, the unification could occur in the first half of next year, with the proposed petroleum business merger with Woodside Petroleum Ltd.

(Updates throughout with confirmation.)

More stories like this are available on bloomberg.com

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The Zacks Manufacturing – Electronics industry houses various companies, ranging from manufacturers of electronic products (like battery chargers, electrical motion controls and others) to providers of water-treatment products, process equipment and engineered flow components. In the past three months, the industry has gained 8.9% compared with the S&P 500’s growth of 8.7% and the Zacks Industrial Products sector’s rise of 1.4%.

Subdued impacts of the pandemic and global economy progressing on growth track have been aiding the industry players in the past few months. Manufacturing activities have improved from the past year and demand is healthy as well. The industry offers some good investment options with solid earnings growth potential, while others should be preferably avoided at present. Prevalent supply-chain constraints are major concerns for such players. Labor issues, tariffs, inflation and freight are added woes.

EnerSys ENS — a manufacturer of industrial batteries, battery chargers and other products — suffered from labor, raw material and transportation constraints in the first quarter of fiscal 2022 (ending July 4, 2021). The company recorded a 17.3% increase in the cost of sales, while its operating expenses grew 3.4%. Gross margin was down 110 basis points from the year-ago quarter.

The Pennsylvania-based company presently carries a Zacks Rank #4 (Sell). In the past three months, EnerSys’ share price has gained 2.5% as compared with the industry’s growth of 8.9%.

Image Source: Zacks Investment Research

The company expects adjusted earnings of $1.03-$1.13 per share for the second quarter of fiscal 2022 (ending September 2021). This represents a decline from $1.25 recorded in the quarter ended Jul 4. Much of the damage has been caused by concerns regarding the shortages of components, including resin and semiconductors. Labor constraints, and high tariffs and freight are other likely headwinds.

The company faces risks from well-diversified international operations, which expose it to geopolitical, currency translation and other risks. High investments to build/strengthen growth opportunities and huge debts might also be concerning.

The Zacks Consensus Estimate for EnerSys’ earnings is pegged at $5.29 for fiscal 2022 (ending March 2022) and $6.29 for fiscal 2023 (ending March 2023). The estimates represent declines of 2.8% and 0.9% from the respective 30-day-ago figures.

The consensus estimate for second-quarter fiscal 2022 of $1.15 per share suggests a decline of 10.9% from the 30-day-ago figure. Though the estimate is above the company’s projection for the quarter, it is below first-quarter fiscal 2022 earnings of $1.25.

We now know why it is prudent for investors to avoid EnerSys stock for now. Meanwhile, for investors seeking exposure in the industry, we have selected four companies with solid fundamentals and growth potential.

Eaton Corporation plc ETN: Based in Dublin, Ireland, it is a well-renowned power management company. It engages in making electrical components and systems. The company is poised to benefit from its wide customer base, sound research and development programs, acquisitions, and restructuring actions. Shareholder-friendly policies are boons too.

The company presently has a market capitalization of $66.8 billion and a Zacks Rank #2 (Buy). Its stock has gained 16.8% in the past three months. In the trailing four quarters, the company surpassed estimates on all occasions, the average earnings surprise being 10.87%. Also, its Zacks Consensus Estimate for earnings at $6.82 for 2021 and $7.46 for 2022 represents growth of 8.9% and 8.4% from the respective 30-day-ago figures.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Eaton Corporation, PLC Price, Consensus and EPS Surprise

Eaton Corporation, PLC price-consensus-eps-surprise-chart | Eaton Corporation, PLC Quote

A. O. Smith Corporation AOS: The Milwaukee, WI-based company engages in making commercial and residential water-heating equipment as well as water-treatment products. Strengthening replacement business, sound demand in North America, and solid product offerings and innovations are aiding the company. It presently has a Zacks Rank #2 and a market capitalization of $11.5 billion.

Its shares have gained 5.5% in the past three months. The company reported better-than-expected results in the trailing four quarters, the average positive earnings surprise being 17.35%. The Zacks Consensus Estimate for earnings is pegged at $2.74 for 2021 and $3.23 for 2022, representing growth of 1.9% and 4.2% from the 30-day-ago respective figures.

A. O. Smith Corporation Price, Consensus and EPS Surprise

A. O. Smith Corporation price-consensus-eps-surprise-chart | A. O. Smith Corporation Quote

Rexnord Corporation RXN: The Milwaukee, WI-based company engages in manufacturing water management, and process and motion control products. Diversified businesses, benefits from acquisitions, growth in e-commerce and innovation capabilities are its strength. It presently has a Zacks Rank #2 and a market capitalization of $7.4 billion.

The company’s shares have gained 23.1% in the past three months. It delivered impressive results in the trailing four quarters, beating estimates on all occasions. Its average earnings surprise is 11.96%. The Zacks Consensus Estimate for earnings is at $2.04 for 2021 and $2.36 for 2022, representing growth of 3.6% and 3.5% from the 30-day-ago respective figures.

Rexnord Corporation Price, Consensus and EPS Surprise

Rexnord Corporation price-consensus-eps-surprise-chart | Rexnord Corporation Quote

Regal Beloit Corporation RBC: Based in Beloit, WI, the company engages in manufacturing electrical and mechanical motion-control products. Strengthening businesses in end markets, including material handling, pool pump and residential heating, ventilation and air conditioning, and cost-control measures are likely tailwinds for the company. Its shareholder-friendly policies add to its attractiveness.

The company presently has a market capitalization of $6.3 billion and a Zacks Rank #2. Its stock has gained 9.1% in the past three months. In the trailing four quarters, the company surpassed estimates on all occasions, the average earnings surprise being 20.63%. Also, its Zacks Consensus Estimate for earnings pegged at $8.85 for 2021 and $9.68 for 2022 represents growth of 13% for both years from the respective 30-day-ago figures.

Regal Beloit Corporation Price, Consensus and EPS Surprise

Regal Beloit Corporation price-consensus-eps-surprise-chart | Regal Beloit Corporation Quote

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Eaton Corporation, PLC (ETN) : Free Stock Analysis Report

A. O. Smith Corporation (AOS) : Free Stock Analysis Report

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Enersys (ENS) : Free Stock Analysis Report

Rexnord Corporation (RXN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.

However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Mosaic (MOS) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).

While there are numerous reasons why the stock of this fertilizer maker is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings Growth

Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Mosaic is 7.5%, investors should actually focus on the projected growth. The company's EPS is expected to grow 420.9% this year, crushing the industry average, which calls for EPS growth of 141.6%.

Impressive Asset Utilization Ratio

Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.

Right now, Mosaic has an S/TA ratio of 0.5, which means that the company gets $0.5 in sales for each dollar in assets. Comparing this to the industry average of 0.48, it can be said that the company is more efficient.

While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Mosaic looks attractive from a sales growth perspective as well. The company's sales are expected to grow 43.1% this year versus the industry average of 26.1%.

Promising Earnings Estimate Revisions

Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The current-year earnings estimates for Mosaic have been revising upward. The Zacks Consensus Estimate for the current year has surged 34.5% over the past month.

Bottom Line

Mosaic has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination indicates that Mosaic is a potential outperformer and a solid choice for growth investors.

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The Mosaic Company (MOS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, Strike Resources (ASX:SRK) shareholders have done very well over the last year, with the share price soaring by 105%. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given its strong share price performance, we think it's worthwhile for Strike Resources shareholders to consider whether its cash burn is concerning. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Strike Resources

How Long Is Strike Resources' Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Strike Resources last reported its balance sheet in December 2020, it had zero debt and cash worth AU$4.8m. In the last year, its cash burn was AU$2.9m. So it had a cash runway of approximately 19 months from December 2020. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. Depicted below, you can see how its cash holdings have changed over time.

How Is Strike Resources' Cash Burn Changing Over Time?

While Strike Resources did record statutory revenue of AU$100k over the last year, it didn't have any revenue from operations. That means we consider it a pre-revenue business, and we will focus our growth analysis on cash burn, for now. Over the last year its cash burn actually increased by 29%, which suggests that management are increasing investment in future growth, but not too quickly. That's not necessarily a bad thing, but investors should be mindful of the fact that will shorten the cash runway. Strike Resources 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 Easily Can Strike Resources Raise Cash?

While Strike Resources does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Strike Resources' cash burn of AU$2.9m is about 4.8% of its AU$61m market capitalisation. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

How Risky Is Strike Resources' Cash Burn Situation?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Strike Resources' cash burn relative to its market cap was relatively promising. While we're the kind of investors who are always a bit concerned about the risks involved with cash burning companies, the metrics we have discussed in this article leave us relatively comfortable about Strike Resources' situation. On another note, Strike Resources has 5 warning signs (and 2 which are potentially serious) we think you should know about.

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

First Majestic Silver Corp.’s AG second-quarter 2021 adjusted earnings per share of 5 cents, missed the Zacks Consensus Estimate of 9 cents by a margin of 44%. The company had reported a loss of 10 cents per share in the second quarter of 2020. The year-over-year improvement in earnings was primarily driven by higher metal prices in the quarter. As the company had to temporarily suspend operating activities in the last-year quarter in response to the COVID-19 pandemic, it resulted in year-over-year improved figures in the second quarter of 2021.

Including one-time items, the company delivered earnings of 6 cents per share in the second quarter against loss per share of 5 cents in the year-earlier quarter.

First Majestic’s revenues improved 53% year over year to a record $154 million in the quarter under review on improved production rates and higher metal prices. The company had reported revenues of $35 million in the year-ago quarter. Average realized silver price was up 58% year over year to $27.32 in the quarter. The company reported a 199% increase in payable silver equivalent ounces sold, due to a temporary suspension of operations mandated by the Mexican government in response to COVID-19 in the second quarter of 2020.

First Majestic Silver Corp. Price, Consensus and EPS Surprise

First Majestic Silver Corp. price-consensus-eps-surprise-chart | First Majestic Silver Corp. Quote

Operational Update

First Majestic produced 6,435,023 silver equivalent ounces, up 84% from the prior-year quarter. This comprised 3.3 million ounces of silver and 46,544 ounces of gold.

The company recorded cash costs per silver equivalent ounce of $13.89, up 79% from the year-ago quarter. Consolidated all-in sustaining costs (AISC) of $19.42 per silver equivalent ounce came in 39% higher than the prior-year quarter. Total production cost was $104.94 per ton, up 33% year over year.

First Majestic reported mine-operating profit of $29.4 million in the quarter, versus a loss of $7.8 million in the year-ago quarter. This was driven by strong production and higher realized metal prices.

Financial Position

First Majestic ended second-quarter 2021 with $227 million of cash in hand, up from the $95 million held at the end of the prior-year period. Operating cash flow before movements in working capital and taxes were $51.2 million in the reported quarter compared with the prior-year quarter’s outflow of $16.4 million.

At the end of the second quarter, the company had total liquidity of $316.3 million, including $40 million of undrawn revolving credit facility.

First Majestic announced that its board of directors has declared a cash dividend payment of 0.06 cents per share, which marks a 33% increase from its prior dividend. The dividend will be paid on or about September 16, 2021 to shareholders of record on Aug 26, 2021.

Price Performance

Shares of the company have gained 5.1% over the past year against the industry’s decline of 22.2%.

Image Source: Zacks Investment Research

Zacks Rank & Stocks to Consider

First Majestic currently carries a Zacks Rank #3 (Hold).

Some better-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 (Strong Buy), Commercial Metals carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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 350%.

Commercial Metals has an expected earnings growth rate of 32.8% for the current fiscal year. The company’s shares have gained 59% in a year’s time.

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

First Majestic Silver Corp. (AG) : Free Stock Analysis Report

Commercial Metals Company (CMC) : Free Stock Analysis Report

Veritiv Corporation (VRTV) : Free Stock Analysis Report

Avient Corporation (AVNT) : Free Stock Analysis Report

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By Sonali Paul

MELBOURNE (Reuters) – BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas company worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.

BHP's exit from petroleum, which made up just 5% of its annual earnings, speeds up its exit from fossil fuels amid pressure from environmentally conscious investors. BHP CEO Mike Henry, however, said the company remained committed to metallurgical coal used in steel making.

BHP shareholders will be paid in Woodside stock, giving BHP investors a 48% stake in the merged group.

That effectively values BHP's petroleum arm at about A$18.5 billion ($13 billion) on Tuesday's close, roughly in the middle of analysts' valuations between $10 billion and $17 billion.

For Woodside, the deal is transformational, doubling its output, expanding its footprint in liquefied natural gas, removing the main obstacle to its $12 billion Scarborough gas project and giving it near-term growth options in the Gulf of Mexico.

"Merging Woodside with BHP's oil and gas business delivers a stronger balance sheet, increased cash flow and enduring financial strength to fund planned developments in the near term an new energy sources into the future," Woodside Chief Executive Meg O'Neill said in a statement.

She told investors the merger involved no premium for BHP's assets.

The deal was announced at the same time as Woodside appointed O'Neill as chief executive, following a stint as acting CEO. Some analysts had speculated BHP's petroleum chief Geraldine Slattery, would get the job.

"The proposed transaction de-risks and supports Scarborough FID (final investment decision) later this year and enables more flexible capital allocation," O'Neill said.

The companies said the merger would generate annual savings of $400 million.

($1 = 1.3732 Australian dollars)

(Reporting by Sonali Paul; editing by David Evans)

(Bloomberg) — BHP Group unveiled the most sweeping change to its business since the world’s biggest miner was created two decades ago, as it plans an escape away from fossil fuels to shift toward what it calls “future facing” commodities and clears up some longstanding questions facing investors.

BHP will sell its oil and gas operations to Woodside Petroleum Ltd. in exchange for shares that it will distribute to its own investors, it announced Tuesday. The company also approved $5.7 billion of spending to build a massive new fertilizer mine in Canada and said it will unify its dual-listed structure and shift to a single primary listing in Australia. The shares in London jumped as much as 9.8% after the flurry of announcements.

The decisions — which come alongside record free-cash flow for the year through June and a $10.1 billion final dividend — represent a pivotal moment for Chief Executive Officer Mike Henry, who took the helm in January last year. Investors have been waiting years for a decision on Jansen, while the company has said previously its dual listing was up for discussion after coming under pressure from activist investor Elliott Management Corp., which also pushed for an exit from oil and gas.

Since his appointment, Henry has been seeking to focus the company toward metals and minerals that will benefit from global efforts to reduce emissions, electrify cities and feed a growing global population. A Canadian-born executive who joined BHP in 2003 from Mitsubishi Corp., he inherited a business that had been stripped down and simplified under his predecessor, who sold out of shale and spun off unwanted assets, but still faced huge decisions on potash, the listing and the future of fossil fuels.

“These are sweeping changes,” said Ben Davis, an analyst at Liberum Capital. “The new, improved, not so-boring BHP.” The change to the listing structure means “they can be more nimble in the future,” he said. “It’s not just change today, but it means there’s more change coming tomorrow.”

The dual listing dates back to 2001, following Australia-listed BHP’s merger with U.K.-listed Billiton, and had seen the companies managed and run as a single entity with shareholders having equal economic and voting rights. Elliott argued in 2018 that a reorganization into a single company in Australia would add more than $22 billion in value to shareholders.

BHP generates the bulk of its profits from iron ore and copper — a metal that’s central to the green-energy transition — and benefited from soaring prices for both commodities over the past year. The company is also trying to sell its thermal coal operations and is expanding in nickel, a vital material in rechargeable batteries.

The commodities giant is getting out of oil and gas as the fossil-fuels industry grapples with global pressure from investors and governments over climate action, prompting some larger oil rivals to shrink their core production and add renewable energy assets. While BHP has said it expects demand to remain strong for at least another decade, the company wants to avoid getting stuck with assets that will become more difficult to sell.

BHP has also finally approved the first stage of construction of the Jansen potash mine in Saskatchewan, Canada, after years of wavering over the huge price tag. The operation, expected to start production in 2027, will make it one of the world’s top producers of the crop nutrient.

Read More: BHP’s $20 Billion Canadian Potash Dilemma: To Build or Not?

“Potash provides BHP with increased leverage to key global mega-trends, including rising population, changing diets, decarbonisation and improving environmental stewardship,” the company said.

It’s also the latest sign that the biggest miners are ready to open their wallets to invest in new mines after years of austerity. The industry has been focused on shareholder returns and debt reduction after being penalized by investors.

BHP has already spent about $4.5 billion on Jansen and dug two 1,000-meter (3,300-feet) deep shafts but held off on a final development decision as it weighed the risks of the large investment. Potash prices have jumped this year amid strong demand, as well as worries about supply after Belarus, one of a handful of producing nations, was hit by sanctions.

Like its biggest rivals, BHP reported bumper profits and dividends. Commodity prices surged in the past year as governments around the world unleash trillions of dollars in stimulus packages to help the global economy emerge from the pandemic, boosting demand for raw materials.

(Updates with share move in second paragraph)

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BEDFORD, NS / ACCESSSWIRE / August 17, 2021 / (TSXV:SSE) – Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") is pleased to announce that it has signed a binding Letter of Intent ("LOI") with two parties (the "Vendors") to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, (the "Property" or the "Properties") located near Grand Falls, Newfoundland, Canada, 20-25 kilometres west of New Found Gold Corp.'s Queensway project and 15-35 kilometres south of Sokomon Iron Inc.'s Moosehead gold project.

"Newfoundland offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects," said Greg Davison, Silver Spruce VP Exploration and Director. "The Silver Spruce Board of Directors has made a strategic decision to add multiple properties to our portfolio in high-quality jurisdictions which will give shareholders more opportunities for notable discoveries, and with an easy and inexpensive exit strategy, in the event the properties do not fulfill our early exploration criteria."

The 8,750-hectare project is located strategically within the Exploits Subzone, an extensive area of mineral exploration activity and discoveries over the past two years (Figure 1). The Properties are well situated in logistics for exploration, located close to each other and <10-25 kilometres southeast and south by road from Grand Falls, Newfoundland. The Properties are located <50 kilometres from the Gander International Airport and are easily accessible from major paved roads and local logging and bush roads and trails largely by vehicles and more remote areas by ATV.

"We will be expediting our initial geological studies on the Properties during the week of August 23^rd and look forward to completing a definitive agreement with the Vendors shortly thereafter. We are excited with the timely opportunity to acquire these Properties given their strategic location in a very active exploration camp, and proximal to major and structural features defined by the regional and local geophysical and geological coverage," said Greg Davison, Silver Spruce VP Exploration and Director. "We look forward to building out the project ArcGIS database and investigating the most up-to-date geochemical and geophysical techniques to optimize a Fall 2021 Phase 1 exploration program."

Multiple occurrences are reported of agate chalcedony to colloform and crystalline silica veining, carbonate replacement by quartz, and open-space filling quartz and calcite (see Figures 2 and 3), all textures indicative of the upper zones of epithermal systems, and are accompanied by Au and arsenopyrite with minor Cu sulphide and carbonate mineralization in several host lithologies.

The region is structurally complex and located, in large part, between two major crustal lineaments, the Grub Line and Valentine Lake Faults (Figure 1). Numerous major to lesser sub-parallel features merge and bifurcate along strike and are transected by NW and EW-trending faults. These deep-seated structures, which juxtapose geological terranes over hundreds of kilometres, are key to the location and formation of orogenic gold deposits containing several million ounces of gold as reported by a number of junior companies in the district. Though younger, the lineaments are very similar to those of the Abitibi Gold Belt in Ontario and Quebec in scale, splaying surface expression and wide distribution of mineral endowment, though in an earlier stage of overall exploration and development.

Figure 1. Location Map of Mystery, Till and Marilyn Gold Properties in the Exploits Subzone Gold Belt (Image adapted from exploits.gold).

Letter of Intent

The principal terms to purchase 100% interest in the Properties include cash payments and Silver Spruce common shares, with CAD$40,000 in cash and 1,000,000 shares on signing, and escalating payments of CAD$575,000 and 9,000,000 shares spread over five years on the anniversary date of TSX Venture Exchange approval. The minimum work expenditures over the life of the agreement total CAD$1,500,000, with CAD$150,000 required during the first year. The Vendors will retain a two percent Net Smelter Return royalty ("NSR") of which 1% can be purchased by the Company for CAD$2,000,000 and the remaining 1% at market price. An advance royalty of CAD$15,000 per annum would be payable upon and subsequent to the 6^th anniversary. A finder's fee is payable on the acquisition pursuant to the guidelines of the TSX Venture Exchange.

Silver Spruce has a 30-day window after signing the LOI to carry out its due diligence and prepare a Definitive Agreement ("DA") for the Property acquisition.

Figure 2. Epithermal chalcedonic silica veining with complex depositional and compositional banding, open space filling and multi-stage brecciation from Mystery property.

Figure 3. Silica veining with complex deposition as fine laminations to coarse crustiform textures, compositional and textural banding, and multi-stage or episodic brecciation and infilling from Marilyn property.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the Mystery, Marilyn and Till Projects and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("N.I. 43-101"), under TSX guidelines.

About Silver Spruce Resources Inc.

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

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO
(902) 826-1579
mkinley@silverspruceresources.com
info@silverspruceresources.com

www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

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

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/660107/Silver-Spruce-Signs-LOI-to-Acquire-100-Interest-in-8750-hectare-Mystery-Till-and-Marilyn-Gold-Properties-Exploits-Gold-Belt-central-Newfoundland

Vancouver, British Columbia–(Newsfile Corp. – August 17, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSX: EMX) (FSE: 6E9) (the "Company", or "EMX") is pleased to announce that it has entered into an agreement dated August 16^th, 2021 to acquire an effective 0.418% Net Smelter Return ("NSR") royalty on the operating Caserones Copper-Molybdenum Mine (the "Caserones Royalty") located in northern Chile for US$34.1 million in cash. Closing is anticipated to take place in two phases with both closings being completed by September 1^st, 2021. In completing this transaction, EMX expects immediate and long term cash flow from a large porphyry copper-molybdenum deposit in a top tier mining jurisdiction.

To purchase the Caserones Royalty, EMX has formed a 50%-50% partnership with Altus Strategies Plc ("Altus" (AIM: ALS) (TSXV: ALTS) (OTCQX: ALTUF) to acquire an effective 0.836% NSR royalty for US$68.2 million (see below for additional acquisition details). EMX and Altus will each control an effective 0.418% royalty interest and will each be responsible for $34.1 million of the purchase price.

To finance its US$34.1 million portion of the US$68.2 million purchase price, the Company has entered into a Credit Agreement (the "Credit Agreement") with Sprott Private Resource Lending II (Collector), LP ("Sprott"). The Credit Agreement will increase the Company's current proposed US$10 million credit facility with Sprott, in connection with the Company's recently announced transaction with SSR Mining (see Company News Release dated July 29, 2021), to US$44 million (the "Credit Facility") to include financing for the Caserones Royalty acquisition. Further details of the Credit Agreement are provided below.

The acquisition of the Caserones Royalty represents an important strategic development for EMX, by further enhancing the Company's royalty cash flow and long-term exposure to copper as a key metal for the global economy. Recognition of the opportunity directly resulted from EMX's ongoing assessment work in the region and serves as another example of how the Company leverages its regional expertise in various jurisdictions around the world to identify value enhancing business opportunities.

Caserones Mine Overview. The Caserones open pit mine is developed upon a significant porphyry copper-molybdenum deposit in the Atacama Region of the northern Chilean Andean Cordillera, 162 kilometers southeast of the city of Copiapó, at an approximate elevation of 4,300 meters above sea level. The Mine is operated by SCM Minera Lumina Copper Chile SpA, which is indirectly 100% owned by JX Nippon Mining & Metals Corporation ("JX Nippon").

Caserones is located at the southern end of the well documented Maricunga mineral belt and comprises an Early-Miocene porphyry system associated with a cluster of dacite porphyries and breccias intruding Palaeozoic granitic, volcanic, and metamorphic rocks. Caserones has a well-developed supergene enrichment profile of oxide copper and secondary chalcocite that overlies hypogene sulfide (chalcopyrite-molybdenite) mineralization.

Caserones produces copper and molybdenum concentrates from a conventional crusher, mill and flotation plant, as well as copper cathodes from a dump leach, solvent extraction and electrowinning plant. In 2020 the mine produced 104,917 tonnes of fine copper in concentrate, 2,453 tonnes of fine molybdenum in concentrate, and 22,056 tonnes of fine copper in cathodes. The Caserones open pit has operated with an average waste: ore strip ratio of 0.47, has 17 years remaining in its current mine plan, along with excellent exploration potential. In a news release dated November 9, 2020, JX Nippon announced plans for "stepping up exploration efforts in areas around the mine" in an effort to expand production and extend the mine life.

Acquisition Details. The Caserones Mine is subject to a 2.88% NSR royalty provided for in a 2009 agreement between Minera Lumina Copper Chile S.A. as purchaser, and Compañía Minera Caserones ("CMC") and Sociedad Legal Minera California Una de la Sierra Peña Negra ("SLM California") as vendors. CMC and SLM California originally staked the mineral claims that overlie the Caserones deposit, and ownership of the 2.88% NSR royalty is currently divided between CMC (32.5%) and SLM California (67.5%). EMX and Altus will each be indirectly purchasing a portion of the SLM California royalty. Under the 2009 agreement, the NSR interest will be reduced to 2% and 1% if the London Metal Exchange ("LME") quoted copper price falls below US$1.25 and US$1.00 per pound respectively.‎

EMX and Altus have formed a Chilean company, Minera Tercero, Spa ("Tercero"), of which the EMX and Altus each own 50%. Tercero will purchase 43% of the issued and outstanding shares of SLM California through a Share Purchase Agreement with 16 shareholders of SLM California (represented by Leonel Polgatti Goycoolea, a shareholder) for US$68.2 million. Tercero will enter into a shareholder's agreement with the selling shareholders of SLM California, that together with Tercero hold approximately 89% of SLM Californa's issued and outstanding shares, to govern SLM California. SLM California's sole purpose is to administer the company, pay Chilean taxes and distribute its royalty proceeds to the shareholders, including Tercero.

Sprott Credit Agreement. In order to finance its US$34.1 million portion of the US$68.2 million purchase price under the Share Purchase Agreement, the Company has entered into the Credit Agreement, which encompasses the previously proposed financing related to EMX's recent transaction to acquire the SSR Royalty Portfolio. The senior secured Credit Facility is in the principal amount of US$44 million, which includes up to US $10 million which will be used to finance a portion of the purchase price of the SSR Royalty Portfolio.

Under the Credit Agreement, the Credit Facility matures on July 31, 2022, bears ‎interest at a rate of 7% per annum, and is secured by general security ‎agreements over the assets of the ‎Company and certain of its subsidiaries, and pledges of the shares of ‎certain of the Company's ‎subsidiaries, who will, at Sprott's election, also be guarantors of the loan. In addition to interest ‎payable, ‎the US$44,000,000 advanced under the Credit Facility was subject to an ‎original issue ‎discount equal to 4.61364% of the amount of the advance. Under the Credit Agreement, the ‎Company will be required to maintain minimum unrestricted cash of USD ‎‎$1,500,000. ‎

In conjunction with the Credit Agreement, Sprott ‎subscribed for ‎US$1,235,000 of common shares of the Company ("Common Shares") at a deemed ‎price equal to a 10% ‎discount to the 5-day VWAP of the Common Shares on the NYSE American exchange immediately prior to July 12, ‎‎‎2021 of $US 3.0450, which resulted in the issuance of 450,730 Common Shares.

Summary. The acquisition of the Caserones Royalty provides immediate enhancement to EMX's royalty cash flow and secures long-term proceeds from copper and molybdenum production in one of the world's top mining regions. This transaction nicely compliments the Company's growing portfolio of royalty interests in South America, which has become a recent emphasis in the Company's growth strategy.

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

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

For further information contact:

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

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

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

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

Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93362

(Updates to open)

By Amal S

Aug 17 (Reuters) – Canadian stocks extended losses for the fourth straight session on Tuesday, with the main TSX index hitting a one-week low as domestic and global economic data raised concerns about a slowing recovery.

The Toronto Stock Exchange's S&P/TSX composite index fell 0.5% to 20,390 in morning trade.

Losses were broad-based, with healthcare, industrial, consumer discretionary and materials sectors all falling between 0.6% and 1.5%.

Wall Street's main indexes tumbled almost 1% after data showed U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles.

Meanwhile, commodity prices remained under pressure as investors feared a hit to demand due to a spike in COVID-19 cases in the United States and several Asian economies.

"With the resurgence of COVID around the world, especially in the United States and even to a lesser degree in Canada, we're seeing the reopening stocks start to pull back," said Allan Small, senior investment adviser at Allan Small Financial Group.

"This whole notion of reopening trade is being called into question."

Data showed Canadian housing starts fell 3.2% in July, compared with the previous month, as a drop in multiple urban starts outweighed an increase in single-detached urban ones.

On investors' radar will be the domestic inflation data due on Wednesday, which will be perused for clues on the Bank of Canada's policy outlook.

Hopes of a steady economic recovery and strength in corporate earnings pushed Toronto stocks to record highs just last week, with energy and financial stocks among the biggest drivers this year.

HIGHLIGHTS

* Westshore Terminals Investment Corp jumped 3.3% to the top of the TSX after the marine port service provider's subsidiary entered into a conditional agreement to provide services to BHP Canada Inc.

* Lithium miner Lithium Americas Corp fell 4.3% to the bottom of the TSX.

* The TSX posted seven new 52-week highs and two new lows.

* Across all Canadian issues there were 31 new 52-week highs and 16 new lows, with total volume of 30.82 million shares.

* On the TSX, 46 issues were higher, while 174 issues declined for a 3.78-to-1 ratio to the downside, with 16.44 million shares traded. (Reporting by Amal S and Sruthi Shankar in Bengaluru and Sriraj Kalluvila)

By Joice Alves

LONDON (Reuters) – London's FTSE 100 index will lose its second largest company by market capitalisation if shareholders back plans by global resource giant BHP Group to end its dual listing structure and make Australia its primary stock market.

BHP has previously come under pressure from some shareholders, notably activist investor Elliott Advisors, to simplify its structure, but had said any gains would be less than the cost of change.

Now the discount of London-listed stocks is at its deepest in more than three decades, BHP, which on Tuesday reported its best annual profit in nearly a decade, said it planned to get rid of its London listing.

Shareholders are expected to vote on the unification at meetings in the first half of 2022.

If the plan gets board and shareholder approval, the London Stock Exchange will lose a major player. BHP has 128 billion pounds ($176.22 billion) in market cap, second only to AstraZeneca with around 131 billion pounds, Refinitiv data shows.

BHP is the biggest company by market capitalisation on the Australian stock exchange.

The value of British stocks versus global peers has been depressed by the combined impact of Britain's departure from the European Union, a weak pound and a lack of tech stocks, which have been the big beneficiaries of the disruption caused by the pandemic.

London-listed shares are trading at 12.6 times forward earnings, that compares to 17.3 times for the Australian benchmark.

Following news of the plan to end the London listing, BHP's London shares rose 6% by 1352 GMT, outperforming the wider market.

Jamie Maddock, equity research analyst at Quilter Cheviot, said BHP's departure is bad news for UK-focused investors as country index trackers would be forced to sell their shares. The move would also reduce significantly London's exposure to the mining sector.

David Madden, market analyst at Equiti Capital in London said the London stock market would still be attractive and noted it has attracted a surge of initial public offerings this year.

"The London Stock Exchange’s deep liquidity pool will ensure it remains popular for listings", he said.

Last year, consumer brands company Unilever, which like BHP had a dual-listing, merged its Dutch and British corporate entities and Unilever NV's Amsterdam-listed shares ceased trading.

($1 = 0.7264 pounds)

(Reporting by Joice Alves; editing by Barbara Lewis)

Centrus Energy Corp. (LEU) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates — one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure — the Zacks Consensus Estimate.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Centrus Energy Corp. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Centrus Energy Corp. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate Revisions

As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

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

Earnings Estimate Revisions for Centrus Energy Corp.

This company is expected to earn $1.67 per share for the fiscal year ending December 2021, which represents a year-over-year change of -64.5%.

Analysts have been steadily raising their estimates for Centrus Energy Corp. Over the past three months, the Zacks Consensus Estimate for the company has increased 6.9%.

Bottom Line

Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Centrus Energy Corp. to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

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