By Sonali Paul and Melanie Burton

MELBOURNE (Reuters) – Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.

The world's biggest miner has been facing calls to detail how and when it will exit fossil fuels, with activist investor Market Forces filing a resolution on the topic this week for annual meetings in October and November.

BHP's decision this month to approve $802 million in development spending on oil projects in the U.S. Gulf of Mexico – just days before a new report that issued dire warnings about human contribution to climate change – has only ratcheted up pressure from some investors.

"It's clear something is brewing," said Simon Mawhinney, Chief Investment Officer at Allan Gray Australia.

BHP declined to comment on market speculation.

Analysts value BHP's petroleum business, made up of assets in Australia, the Gulf of Mexico, Trinidad and Tobago and Algeria, at $10 billion to $17 billion. The division contributed 5% of BHP's underlying earnings of $14.7 billion in the first half to end-December, compared with 70% for iron ore.

Investors are split on their fit within BHP's portfolio, especially as the company focuses on new economy materials such as copper, nickel and potash.

An exit from petroleum would constitute "a major shift" in BHP's environmental, social and governance (ESG) credentials and overall strategy towards fossil fuels, Morgan Stanley analyst Rahul Anand said in a recent note.

AUSTRALIA AND THE REST

BHP's late-life, mainly low-return energy assets in Australia are seen as particularly ripe for a sale amid high oil and gas prices.

"For BHP, if you look at its Australian (energy) assets, if they could exit those in a meaningful way for something approximating value, that would be a good outcome," said Brenton Saunders, a portfolio manager with shareholder Pendal Group.

Credit Suisse and Citi value the Australian energy assets – including the Bass Strait, Northwest Shelf LNG and the Scarborough gas field – at $3 billion to $5 billion.

Woodside Petroleum Ltd is seen as the most logical buyer as they would boost its free cash flow and increase its stakes in key projects, although not all investors favour such a tie-up given the asset mix and likely need for an equity raising.

Woodside declined to comment.

BHP would also have to take a discount on any sale given some heavy decommissioning liabilities, said Credit Suisse analyst Saul Kavonic, although a sale could boost its ESG rating and attract new shareholders.

"BHP could sell these for discounts but still increase share value though a re-rating on the rest of their business," he said.

Elsewhere, investors say BHP's petroleum assets are more attractive.

The most valuable are its stakes in oil fields in the Gulf of Mexico, valued at $10.4 billion by Wood Mackenzie, which made up about 25% of the company's 103 million barrels of oil equivalent output the year to June 2021.

"The rest of the portfolio, there are parts that are high growth, high returning. They've done a lot of work on them and shareholders have had to wear some of the bad times. They are good assets," said Pendal Group's Saunders.

BHP is due to deliver its annual results on Tuesday at 0700 GMT.

(Reporting by Melanie Burton and Sonali Paul; editing by Richard Pullin)

BRISBANE, Australia, Aug. 13, 2021 (GLOBE NEWSWIRE) — Galaxy Resources Limited (ASX: GXY) (Galaxy) and Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre) are pleased to announce that the Supreme Court of Western Australia (Court) has today made orders approving the proposed merger pursuant to which Orocobre will acquire all of the shares in Galaxy (Galaxy Shares) by way of a scheme of arrangement (Scheme).

Lodgement of Court Orders and Suspension of Trading

Galaxy expects to lodge an office copy of the Court's orders with the Australian Securities and Investments Commission on Monday, 16 August 2021, at which time the Scheme will become legally effective. If this occurs, Galaxy expects that Galaxy Shares will be suspended from trading on ASX at close of trading on Monday, 16 August 2021.

Scheme Timetable

The key dates expected for the Scheme are set out below.

Note: All times and dates in the above timetable are references to the time and date in Perth, Western Australia (AWST). All dates are indicative only. Galaxy reserves the right to vary the times and dates set out above. Any changes to the above timetable will be announced on ASX and notified on Galaxy's website at www.gxy.com.

Galaxy will continue to update shareholders as to any material developments in relation to the Scheme as the timetable progresses.

This release was authorised by Mr Simon Hay, Chief Executive Officer of Galaxy Resources Limited and Mr Rick Anthon, Joint Company Secretary of Orocobre Limited.

IMPORTANT NOTICES

This announcement is a joint announcement by Galaxy Resources Limited ACN 071 976 442 (Galaxy) and Orocobre Limited ACN 112 589 910 (Orocobre).

This announcement has been prepared in relation to the proposed merger between Galaxy and Orocobre by way of scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Scheme). Under the Scheme, Orocobre will acquire 100% of the fully paid ordinary shares in Galaxy in exchange for the issue of new fully paid ordinary shares in Orocobre. The Scheme is subject to the terms and conditions described in the merger implementation deed entered into between Galaxy and Orocobre as announced on 19 April 2021 (Merger Implementation Deed). A copy of the Merger Implementation Deed is available on the ASX website (at www.asx.com.au).

Galaxy and Orocobre have jointly prepared this announcement based on information available to them as at the date of this announcement. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Galaxy or Orocobre, their respective directors, employees, agents or advisers, or any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.

Forward Looking Statements

This announcement may contain forward looking statements concerning Galaxy, Orocobre and the merged group which are made as at the date of this announcement (unless otherwise indicated). Forward looking statements are not statements of historical fact and actual events and results may differ materially from those contemplated by the forward looking statements as a result of a variety of risks, uncertainties and other factors, many of which are outside the control of Galaxy, Orocobre and the merged group. Such factors may include, among other things, risks relating to funding requirements, lithium and other commodity prices, exploration, development and operating risks (including unexpected capital or operating cost increases), production risks, competition and market risks, regulatory restrictions (including environmental regulations and associated liability, changes in regulatory restrictions or regulatory policy and potential title disputes) and risks associated with general economic conditions. Any forward-looking statements, as well as any other opinions and estimates, provided in this announcement are based on assumptions and contingencies which are subject to change without notice and may prove ultimately to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current market conditions.

Except as required by law or the ASX listing rules, Galaxy and Orocobre assume no obligation to provide any additional or updated information or to update any forward looking statements, whether as a result of new information, future events or results, or otherwise. Nothing in this announcement will, under any circumstances (including by reason of this announcement remaining available and not being superseded or replaced by any other presentation or publication with respect to Galaxy, Orocobre or the merged group, or the subject matter of this announcement), create an implication that there has been no change in the affairs of Galaxy or Orocobre since the date of this announcement.

Not for release or distribution in the United States

This announcement has been prepared for publication in Australia and may not be released to U.S. wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction, and neither this announcement or anything attached to this announcement shall form the basis of any contract or commitment. Any securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except in transactions registered under the U.S. Securities Act of 1933 or exempt from, or not subject to, the registration of the U.S. Securities Act of 1933 and applicable U.S. state securities laws.

TSX matters

Orocobre is an “Eligible Interlisted Issuer” for purposes of the TSX and intends to rely on the exemptions set forth in Section 602.1 of the TSX Company Manual in respect of the Scheme. The issuance of shares by Orocobre pursuant to the Scheme is subject to acceptance by the TSX.

Vancouver, British Columbia–(Newsfile Corp. – August 13, 2021) – SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to announce that it has completed Phase 1 drilling at its wholly-owned Los Osos project in El Oro, Ecuador ("Los Osos"), and to report the results from the final three holes drilled. In total, six holes were completed, comprising 3,785 metres ("m"), during the Phase 1 program.

Highlights:

• OSO-05 returned mineralized intervals to a depth of 796 m downhole, with end of hole at 864 m

  • 30 m @ 0.4 g/t Au, 0.1% Cu, and 1.0 g/t Ag from 44 m, including:

    • 15 m @ 0.6 g/t Au, 0.1% Cu, and 1.1 g/t Ag from 54 m

  • 18 m @ 0.3 g/t Au, 0.1% Cu, and 1.4 g/t Ag from 223 m

• OSO-06 returned mineralized intervals to a depth of 514 m downhole, with end of hole at 516 m

  • 87 m @ 0.2 g/t Au, 0.1% Cu, and 0.8 g/t Ag from 160 m

  • 133 m @ 0.2 g/t Au, 0.1% Cu, and 0.6 g/t Ag from 282 m

  • 17 m @ 0.4 g/t Au, 0.1% Cu, and 0.9 g/t Ag from 451 m

Fredy E. Salazar, CEO and President, commented: "Salazar Resources successfully encountered abundant sulphide mineralization in holes five and six prior to completing Phase 1 drilling at Los Osos. While we review all the data from Los Osos to decide our next steps, the rigs are being redeployed across Salazar's portfolio of assets; exploration crews are busy exploring at Los Santos and preparing for drilling at Rumiñahui, in line with our strategy to rapidly conduct exploration and make Ecuador's next commercial copper-gold discovery. With newly inaugurated President Lasso intent on attracting investment into businesses in Ecuador, and a strong metal price environment, the Company is well-placed to deliver results from its portfolio of projects during 2021."

Los Osos

Background information to Los Oso is available at the Salazar Resources website:
https://salazarresources.com/projects/100-salazar-owned/los-osos/

Drilling Update

Salazar Resources has completed 3,785 m of drilling in six holes at Los Osos to date. Today, The Company reports the results from the last 112 m of OSO-04, and full hole results from OSO-05 and OSO-06. Locations for all holes are shown in Figure 1 and significant drill intersections are shown in Table 1. The drill rigs have been redeployed across the Salazar Resources portfolio, in preparation for exploration drilling in conjunction with Adventus Mining and also on Salazar's wholly-owned properties.

Figure 1. Phase 1 drill plan, Los Osos, El Oro, Ecuador

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4631/93017_70a6eebc8497397f_003full.jpg

Source: Salazar Resources

Results

Holes OSO-04, OSO-05 and OSO-06 were designed to be angled holes 500-600 m long, or longer if still intersecting abundant sulphide mineralization at depth. Hole OSO-04 did not intersect significant amounts of sulphide and was stopped at a down hole depth of 430 m. Hole OSO-05 intersected abundant sulphide mineralization throughout its length and was eventually finished at a depth of 864 m. Although the hole was visually similar to OSO-03 and encouraged the continuation of the hole to its final depth, the results were lower grade than encountered in OSO-03.

Hole OSO-06 was collared from the same pad as OSO-01, but oriented to the west, rather than to the southeast. Whereas OSO-01 encountered an enriched zone from surface to the southeast, OSO-06 only entered elevated mineralization at a downhole depth of 87 m to the west. Throughout the length of the hole, the sulphide content was estimated to be lower than in holes OSO-01, OSO-03, and OSO-05 and a decision to end the hole at 516 m was taken.

All three holes were collared in metamorphic host rock before entering a suite of hydrothermal breccias, porphyritic andesites, dikes, and diorites. Sulphides were present throughout hole OSO-05 and OSO-06, in particular, predominantly pyrrhotite and pyrite with lesser chalcopyrite and arsenopyrite. The rocks are silicified and exhibit moderate phyllic alteration, with gold, copper, silver and trace molybdenum present in core. Significant intersections are shown in Table 1, below.

Work Plan

The high-grade vein structures in the northeast of the licence area remain undrilled. Salazar Resources is reviewing the data from Los Osos and will continue to evaluate the options for the project within the broader portfolio of exploration licences.

QAQC

Salazar maintains a rigorous chain-of-custody and quality assurance/control program which includes the insertion of certified standard control samples and blanks, and re-analysis of samples with high levels (over limit) of gold, copper and zinc. All samples were analysed by Inspectorate Services Perú S.A.C. (Bureau Veritas), a certified ISO 17025:1999 and ISO 9001:2000 laboratory. The laboratory also maintains a QAQC program that includes insertion of blanks, standards and duplicate reanalysis of selected samples. Gold was analysed by fire assay – atomic absorption spectroscopy (FA-AAS). Silver, copper, zinc and other elements were analyzed by aqua regia extraction with an Inductively Coupled Plasma (ICP-ES) finish.

Qualified Person

Kieran Downes, Ph.D., P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.

About Salazar

Salazar Resources is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines.

Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organisation dedicated to sustainable progress through economic development.

The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. A feasibility study is underway and a 2019 PEA generated a base case NPV(8%) of US$288 million. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

For further information from Salazar please contact Merlin Marr-Johnson, Executive Vice President and Corporate Secretary at merlin@salazarresources.com or ir@salazarresources.com.

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

This press release contains "forward -looking information" within the meaning of applicable securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "seeks", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Salazar expects or anticipates will or may occur in the future. Although Salazar has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, 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 such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Salazar undertake to update any forward-looking information in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93017

VANCOUVER, BC, Aug. 13, 2021 /CNW/ – Trading resumes in:

Company: Graphene Manufacturing Group Ltd.

TSX-Venture Symbol: GMG

All Issues: Yes

Resumption (ET): 1:15 PM

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

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

View original content: http://www.newswire.ca/en/releases/archive/August2021/13/c0598.html

TORONTO, Aug. 13, 2021 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce a non-brokered private placement of up to 3,750,000 flow-through common shares of the Company to be sold to charitable buyers (the “Charity FT Shares”) at a price of C$0.40 per Charity FT Share for gross proceeds to the Company of up to C$1,500,000 (the “Offering”). Subject to demand, the Company may elect to sell an additional 1,250,000 Charity FT Shares to raise an additional C$500,000 under the Offering. Red Cloud Securities Inc. is acting as a finder in connection with the Offering.

The Company intends to use the gross proceeds of the Offering for the exploration of the Company’s key projects, which may include its Taylor Brook Project in Newfoundland, its Pelly Bay Project in Nunavut, White River Project in Ontario and its recently optioned Florence Lake Project in Labrador.

The gross proceeds from the issuance of the Charity FT Shares will be used for “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced with an effective date no later than December 31, 2021 to the purchasers of the Charity FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the Charity FT Shares. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of Charity FT Shares for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures.

The closing of the Offering is expected to occur on or about August 25, 2021 and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. Finder’s fees will be payable and finder warrants will be issuable to eligible finders in connection wit the Offering in accordance with the policies of the TSX Venture Exchange. The Charity FT Shares and any common shares of the Company that are issuable from any finder’s warrants will be subject to a hold period of four months and one day in accordance with applicable securities laws.

About Churchill Resources Inc.

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

Further Information

For further information regarding Churchill, please contact:

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

Cautionary Note Regarding Forward Looking Information

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

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

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

VANCOUVER, British Columbia, Aug. 13, 2021 (GLOBE NEWSWIRE) — Aton Resources Inc. (the “Company” or “Aton Resources”) (TSX-V: AAN) reports that its Chief Financial Officer, Bennett Liu, has stepped down to pursue new opportunities and that it has appointed Stella Chen to replace him with immediate effect. Ms. Chen works with a number of public and private companies in the resource and technology industries providing accounting and consulting services. Ms. Chen graduated from Simon Fraser University and holds a Bachelor of Arts in Economics degree as well as a diploma from the Accounting Program at the University of British Columbia.

Mr. Liu and Ms. Chen are employed by Red Fern Consulting which provides the Company with accounting services.

Aton’s Interim Chief Executive Officer stated: “Everyone at Aton wishes Mr. Liu well in his future endeavours, and the Company is pleased to welcome Stella as our new CFO. Stella comes from a public accounting background and having worked with Bennett for Aton, she is familiar with the Company and will make a seamless transition.”

INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021

LONDON, UK / ACCESSWIRE / August 13, 2021 / Horizonte Minerals Plc,(AIM:HZM)(TSX:HZM) (the 'Company' or 'Horizonte'), the nickel development company focused on developing its ferro-nickel project in Brazil ('Araguaia' or 'the Project'), announces it has today published its unaudited financial results for the six month period to 30 June 2021 and the Management Discussion and Analysis for the same period. Both of the aforementioned documents have been posted on the Company's website www.horizonteminerals.com and are also available on SEDAR at www.sedar.com.

Highlights for the Period

• Project financing of Araguaia nearing completion with credit approval process underway following completion of due diligence by the International Lenders.

• Senior Debt Facility expected to benefit from significant Export Credit Agency Support.

• Cornerstone strategic investor and final offtake agreements well advanced and expected to be finalised shortly after credit approvals.

• Horizonte maintained a strong cash position of £22.2 million following completion of an £18 million equity fundraise in February 2021.

• Financing discussions remain on track. Credit committee approval for the senior debt facility expected in Q3 2021 as previously announced

• Vermelho progressing with Ramboll awarded Environmental and Social Impact Assessment contract.

Events post the Reporting Date

• Significant progress on key project execution preparation activities, including competitive tendering for supply of key processing equipment, electric furnace and project management (EPCM) services.

• Operational Readiness Plan well advanced with all key permits in place for commencement of construction.

• Key environmental and social programmes continuing in preparation for construction phase.

• Mobilisation of Head of Projects to Brazil and appointment of Engineering, Community, Health and Safety Managers continues the build out of the project execution team.

• Publication of 2020 Sustainability Report in accordance with Global Reporting Initiative.

Click on, or paste the following link into your web browser, to view the full announcement:
http://www.rns-pdf.londonstockexchange.com/rns/5244I_1-2021-8-12.pdf

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

SOURCE: Horizonte Minerals PLC

View source version on accesswire.com:
https://www.accesswire.com/659611/Horizonte-Minerals-PLC-Announces-Interim-Results

Image source: The Motley Fool. Fortuna Silver Mines (NYSE: FSM)Q2 2021 Earnings CallAug 12, 2021, 12:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, ladies and gentlemen, and welcome to the Fortuna Silver Mines second-quarter 2021 financial and operational results.

Edmonton, Alberta–(Newsfile Corp. – August 13, 2021) – Grizzly Discoveries Inc. (TSXV: GZD) (OTCQB: GZDIF) (FSE: G6H) ("Grizzly" or the "Company") is pleased to announce the results of the Company's annual general and special meeting of shareholders held on August 9, 2021 in Edmonton, Alberta (the "Meeting").

The total number of votes represented at the Meeting was 32,877,764, being 35.24% of the total issued and outstanding common shares of the Company. Shareholders voted in favour of all matters considered at the Meeting. All matters considered at the Meeting are described in more detail in the Company's management information circular dated July 2, 2021, which was mailed to shareholders of the Company and is available on SEDAR at www.sedar.com.

Included in the business of the Meeting, shareholders authorized amended and restated by-laws of the Company that had been approved by the Board of Directors on July 2, 2021, replacing the Company's previous by-laws.

More information about the business of the Meeting is available in the Company's Management Information Circular dated July 2, 2021, and a copy of the amended and restated by-laws of the Company are available on SEDAR.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange, with 90 million shares issued, focused on developing its over 156,000 acres of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Tel: 780 693 2242

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Chris Beltgens
Corporate Development
Tel: 604 347 9535
Email: cbeltgens@grizzlydiscoveries.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93121

While Peninsula Energy Limited (ASX:PEN) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 21% in the last quarter. But looking back over the last year, the returns have actually been rather pleasing! Looking at the full year, the company has easily bested an index fund by gaining 88%.

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

See our latest analysis for Peninsula Energy

Because Peninsula Energy made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Shareholders of unprofitable companies usually expect strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Over the last twelve months, Peninsula Energy's revenue grew by 39%. That's a fairly respectable growth rate. Buyers pushed the share price 88% in response, which isn't unreasonable. If revenue stays on trend, there may be plenty more share price gains to come. But it's crucial to check profitability and cash flow before forming a view on the future.

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.

A Different Perspective

It's nice to see that Peninsula Energy shareholders have received a total shareholder return of 88% over the last year. Notably the five-year annualised TSR loss of 12% per year compares very unfavourably with the recent share price performance. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Peninsula Energy , and understanding them should be part of your investment process.

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

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

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

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

CALGARY, AB, Aug. 13, 2021 /CNW/ – Uravan Minerals Inc. (TSXV: UVN) ("Uravan" or the "Company") announces that it is proceeding with a consolidation (the "Consolidation") of its common shares ("Common Shares") based on ten (10) pre-Consolidation Common Shares for one (1) post-Consolidation Common Share. The Consolidation was approved by the shareholders of the Company at the Company's annual general and special meeting of shareholders held on May 22, 2020.

The Common Shares will commence trading on the TSX Venture Exchange (the "TSXV") on a consolidated basis at the opening of markets on August 16, 2021, under its current TSXV trading symbol, "UVN", and under the new post-Consolidation CUSIP and ISIN numbers of 91703R208 and CA91703R2081, respectively.

The Consolidation will reduce the number of outstanding Common Shares from 47,329,012 to approximately 4,732,901, subject to rounding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued will be rounded down to the next lowest whole number.

Letters of transmittal have been mailed to the registered shareholders of the Common Shares requesting that they forward their pre-Consolidation share certificates to the Company's transfer agent, Computershare Trust Company of Canada, to exchange such certificates for new share certificates representing their Common Shares on a post-Consolidation basis.

Shareholders who hold their shares through a broker or other intermediary and do not have hold actual share certificates registered in their name will not be required to complete and return a letter of transmittal. Any pre-Consolidation Common Shares owned by such shareholders will automatically be adjusted as a result of the Consolidation to reflect the applicable number of post-Consolidation Common Shares owned by them and no further action is required to be taken by such shareholders.

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

SOURCE Uravan Minerals Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2021/13/c5598.html

TORONTO, Aug. 13, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSX.V: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce that LAURION has received notice that the Implementation Order Covering Restricted Fire Zones were lifted, for the area covering the east and north of Lake Nipigon.
Drilling will resume and the LAURION exploration team will complete the balance of its planned 2021 10,000m drill program.

The Ishkoday Property is located 28 km north-east of the town of Beardmore and 220 km north-east of Thunder Bay, Ontario.

LAURION had received notification that as of July 21, 2021, MNRF industry-wide Emergency Area Order, that mineral exploration activities such as diamond drilling, stripping and trenching, channel sampling, use of metal tracked equipment and rubber-tired equipment, surveys using a generator and road or trail building covering restricted fire zones over specified areas, are prohibited in order to protect public safety and facilitate effective fire suppression.

During this Emergency Area Order period, LAURION continued with its exploration program of prospecting and geochemical sampling following up on geophysical surveys of anomalies on a substantial highly prospective area north of the Namewaminikan River, ensuring the safety of its exploration team while cognizant of the dry conditions of the field.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement, PGeo, MSc a consultant to Laurion, and a "qualified person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 233,473,342 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2021/13/c3009.html

NEW YORK, NY / ACCESSWIRE / August 13, 2021 /– The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Athira Pharma, Inc. (NASDAQ:ATHA)

This lawsuit is on behalf of investors who purchased Athira Pharma, Inc. (NASDAQ: ATHA) between September 18, 2020 and June 17, 2021 and/or purchased common stock in or traceable to the Company's registration statement issued in connection with the Company's September 2020 initial public offering priced at $17.00 per share.

A class action has commenced on behalf of certain shareholders in Athira Pharma, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the research conducted by Defendant Kawas, which formed the foundation for Athira's product candidates and intellectual property, was tainted by Kawas' scientific misconduct, including the manipulation of key data through the altering of Western blot images; and (2) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and omitted material facts necessary in order to make the statements made not misleading.

Shareholders may find more information at https://securitiesclasslaw.com/securities/athira-pharma-inc-loss-submission-form/?id=18520&from=1

Didi Global Inc. F/K/A Xiaoju Kuaizhi Inc. (NYSE:DIDI)

This lawsuit is on behalf of persons and entities that purchased or otherwise acquired DiDi: (a) American Depositary Shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's June 2021 initial public offering; and/or (b) securities between June 30, 2021 and July 21, 2021, inclusive.

A class action has commenced on behalf of certain shareholders in Didi Global Inc F/K/A Xiaoju Kuaizhi Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) DiDi's apps did not comply with applicable laws and regulations governing privacy protection and the collection of personal information; (2) as a result, the Company was reasonably likely to incur scrutiny from the Cyberspace Administration of China; (3) the CAC had already warned DiDi to delay its IPO to conduct a self-examination of its network security; (4) as a result of the foregoing, DiDi's apps were reasonably likely to be taken down from app stores in China, which would have an adverse effect on its financial results and operations; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/didi-global-inc-f-k-a-xiaoju-kuaizhi-inc-loss-submission-form/?id=18520&from=1

Piedmont Lithium Inc. (NASDAQ:PLL)

Investors Affected : March 16, 2018 – July 19, 2021

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

Shareholders may find more information at https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18520&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

View source version on accesswire.com:
https://www.accesswire.com/659640/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-ATHA-DIDI-and-PLL

Pretium Resources (PVG) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this gold mining company would post earnings of $0.21 per share when it actually produced earnings of $0.14, delivering a surprise of -33.33%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Pretium Resources, which belongs to the Zacks Mining – Gold industry, posted revenues of $152.31 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 6.21%. This compares to year-ago revenues of $166.57 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Pretium Resources shares have lost about 24% since the beginning of the year versus the S&P 500's gain of 18.4%.

What's Next for Pretium Resources?

While Pretium Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Pretium Resources was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $170.7 million in revenues for the coming quarter and $0.60 on $638.15 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Gold is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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VANCOUVER, British Columbia, Aug. 13, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that the oxygen plant at Trail has been restarted following an improvement in air quality that had been affected by smoke from wildfires in southwestern British Columbia. Operations at the Trail metallurgical facility are ramping back up to full capacity.

However, while production has resumed there remains a risk of further smoke from wildfires and additional outages of the oxygen plant as long as the fire season continues. Regional air quality conditions are being actively monitored and Trail Operations has response plans in place to protect employee safety. Guidance will be updated if necessary after fire risks subside.

Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release. These forward-looking statements include the statements that operations at the Trail metallurgical facility are ramping up back up to full capacity; and the expectation that full capacity can be achieved. These statements are based on assumptions regarding the impact of smoke from wildfires and additional outages of the oxygen plant, as well as assumptions that no other factors impact ramp-up to full capacity. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially. Factors that may cause actual results to vary materially include, but are not limited to, impacts from smoke from wildfires, as well as unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, fires or other natural disasters, unavailability of materials and equipment, and unanticipated events related to health, safety and environmental matters). We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2020, filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile.

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

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

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

Distinguishing between overpriced and fairly priced stocks is the key to successful investing. But the task is not easy as the correctly priced and overvalued stocks are mingled in a very deceptive way in the marketplace. Investors who can pinpoint the overhyped toxic stocks and discard them at the right time are the ones who are poised to benefit.

Usually, toxic companies are vulnerable to external shocks. These companies are burdened with huge debts too. Also, unjustifiably high price of the toxic stocks is short-lived as their current price exceeds their inherent value. Quite naturally, these stocks are bound to result in loss for investors over time.

Higher price of the toxic stocks can be attributed to either an irrational exuberance associated with them or some serious fundamental lacuna. If you own such stocks for long, you are likely to see a big loss in your wealth.

If you can, however, precisely spot the toxic stocks, you may gain by resorting to an investing strategy called short selling. This strategy allows you to sell a stock first and then buy it when the price falls.

While short selling excels in bear markets, it typically loses money in bull markets.

So, just like figuring out stocks with growth potential, identifying toxic stocks and discarding them at the right time is the key to shield your portfolio from big losses or make profits by short selling them.

Screening Criteria

Here is a winning strategy that will help you identify overpriced toxic stocks:

Most recent Debt/Equity Ratio greater than the median industry average: High debt/equity ratio implies high leverage. High leverage indicates a huge level of repayment that the company has to make in connection with the debt amount.

P/E using 12-month forward EPS estimate greater than 50: A very high forward P/E implies that a stock is highly overvalued.

% Change in F (1) and F (2) Estimate (12 Weeks) less than 0: Negative EPS estimate revision for the current and next fiscal year during the past 12 weeks points to analysts’ pessimism.

Zacks Rank more than or equal to #3 (Hold): We have not considered Buy-rated stocks that generally outperform the market. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Here are four of the 19 stocks that made it through the screen:

TPI Composites, Inc. TPIC: Headquartered in Arizona, the firm is the manufacturer of composite wind blades for the wind energy market. It operates primarily in the United States, Mexico, China and Turkey. Over the past seven days, the Zacks Consensus Estimate for 2021 loss per share has widened by 6 cents to $1.40. The bottom-line projection indicates a year-over-year plunge of 159%. TPI Composites currently carries a Zacks Rank #5 (Strong Sell) and has a VGM Score of F.

Cameco Corporation CCJ: Saskatoon-based Cameco is one of the world's largest uranium producers. The company is a notable supplier of conversion services and one of the two CANDU fuel manufacturers in Canada. Over the past 30 days, the Zacks Consensus Estimate for 2021 has deteriorated from earnings of six cents to loss of 16 cents per share. The bottom-line projection indicates a year-over-year decline of 23%. The company currently has a Zacks Rank #5 and a VGM Score of F.

Hexcel Corporation HXL: Delaware-based Hexcel develops, manufactures and distributes lightweight, high-performance structural materials for use in the Commercial Aerospace, Space & Defense and Industrial markets. Over the past 30 days, the Zacks Consensus Estimate for 2021 earnings has narrowed by 2 cents to 22 cents per share. The consensus mark for sales and earnings for the current year implies a year-over-year decline of 10.5% and 12%, respectively. The company currently has a Zacks Rank #4 (Sell) and a VGM Score of C.

Viad Corp VVI: Arizona-based Viad is an experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and United Arab Emirates. The Zacks Consensus Estimate for sales for the current year implies a year-over-year decline of 22.5%. The bottom-line projection for 2021 is pegged at a loss of $2.24 per share. The company currently has a Zacks Rank #4 and a VGM Score of F.

Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance

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Here are five stocks added to the Zacks Rank #5 (Strong Sell) List today:

nLIGHT, Inc. LASR designs, develops, manufactures, and sells semiconductor and fiber lasers. The Zacks Consensus Estimate for its current year earnings has been revised 2.6% downward over the last 30 days.

Twilio Inc. TWLO provides a cloud communications platform. The Zacks Consensus Estimate for its current year earnings has been revised 55.6% downward over the last 30 days.

SpringWorks Therapeutics, Inc. SWTX acquires, develops, and commercializes medicines for underserved patient populations suffering from rare diseases and cancer. The Zacks Consensus Estimate for its current year earnings has been revised 15.4% downward over the last 30 days.

Fastly, Inc. FSLY operates an edge cloud platform for processing, serving, and securing its customer's applications. The Zacks Consensus Estimate for its current year earnings has been revised 47.6% downward over the last 30 days.

Energy Fuels Inc. UUUU engages in the extraction, recovery, exploration, and sale of conventional and in situ uranium recovery. The Zacks Consensus Estimate for its current year earnings has been revised 23.5% downward over the last 30 days.

View the entire Zacks Rank #5 List.

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Compass Minerals (CMP) came out with a quarterly loss of $0.49 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -716.67%. A quarter ago, it was expected that this minerals producer would post earnings of $0.72 per share when it actually produced earnings of $0.95, delivering a surprise of 31.94%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Compass, which belongs to the Zacks Chemical – Diversified industry, posted revenues of $199.4 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 10.44%. This compares to year-ago revenues of $256.1 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Compass shares have added about 11.5% since the beginning of the year versus the S&P 500's gain of 18.8%.

What's Next for Compass?

While Compass has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Compass was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.21 on $205 million in revenues for the coming quarter and $2.15 on $1.2 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical – Diversified is currently in the top 48% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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New York, New York–(Newsfile Corp. – August 13, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL) (NASDAQ: PLLL) between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"), of the important September 21, 2021 lead plaintiff deadline in the securities class action commenced by the firm.

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

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

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

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

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

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

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

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

——————————-

Contact Information:

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93134

My name is Rajini Bala, and I welcome you all to the Alexco Resources 2021 second-quarter results conference call. Today, our chairman and CEO, Clynt Nauman, will discuss our most recent results, and he will be joined by our president, Brad Thrall; and our CFO, Mike Clark, during the question-and-answer period.

$48.2 million in cash and short-term investments, pre-development activities commenced

VANCOUVER, British Columbia, Aug. 13, 2021 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (SBB – TSX/ SGSVF – OTCQX) reports the interim financial results for the six months ended June 30, 2021.

“Sabina had a safe and productive second quarter with strong advancement of Goose site activities and other corporate initiatives,” said Bruce McLeod, President & CEO. “Planned exploration drilling for 2021 has wrapped up successfully and pre-development activities continue with advancement of the Umwelt underground exploration ramp and other site works including road construction and plant and camp laydown preparation. During the quarter, logistics and readiness planning was initiated at the Port facility to execute a significant summer sealift planned for August and September. The team also continued to advance detailed engineering and progress the Project debt process.”

Q2 2021 Highlights:

• The Company has cash and cash equivalents and short-term investments of $48.2 million on June 30, 2021.

• Work began on collaring the portal for the underground exploration ramp at Umwelt. The first blast occurred on May 31^st with work driving the ramp continuing through the quarter.

• During the quarter, the Company procured a variety of key supplies and equipment to advance the critical path activities to maintain schedule as set out in Sabina’s Updated Feasibility Study. Procurement items included the first phase of the permanent camp complex, mill buildings, a variety of construction supplies, Winter Ice Road (WIR) equipment and other mobile equipment.

• Considerable work commenced on a logistics program to ship ~13,500 revenue tonnes (“RT”) of cargo from the East and 12,200 RT of Cargo from the West water routes as well as mobilizing a Hercules Aircraft program to transport additional equipment for the Umwelt underground exploration ramp.

• During the quarter, the Company advanced detailed engineering on the project, with efforts specifically focused on the process plant, the power-house, and the Goose fuel farm design.

• A construction crew was mobilized to perform work on 10M liter fuel tank at the port facility, rough grading at the plant site, and emergency pond for the underground decline at the Goose Property

• A successful spring exploration drill program of 4,482 meters over 18 holes was completed at Goose targeting an equal mix of early-stage exploration areas and the Hook zone, an important link between the Goose Main and Nuvuyak mineral systems. Additionally, a small geotechnical drilling campaign of 98 meters over 7 holes tested the surface conditions of the planned water management structures.

• For the three and six months ended June 30, 2021, the Company reported net losses of $1.6 million or $0.00 per share and $3.0 million or $0.01 per share, respectively.

For the full June 30, 2021 interim financial statements and Management’s Discussion and Analysis, please see the Company website at www.sabinagoldsilver.com or on SEDAR.

SABINA GOLD & SILVER CORP

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

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

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

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

All news releases and further information can be found on the Company’s website at www.sabinagoldsilver.com or on SEDAR at www.sedar.com. All technical reports have been filed on www.sedar.com

For further information please contact:

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

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

Bruce McLeod, President & CEO
1800-555 Burrard Street, Two Bentall Centre
Vancouver, BC V7X 1M9
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com

Val-d'Or, Québec–(Newsfile Corp. – August 13, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") announces that it has made an application to the OTC Markets Group to be traded on the OTCQX® Best Market ("OTCQX") in response to the new amendments to Rule 15c2-11 adopted by the Securities and Exchange Commission which go into effect on September 28, 2021 (the "SEC Amendments"). Abitibi Royalties will remain a member of the Nasdaq International Designation Program and the Company will continue to trade on the TSX Venture Exchange under its symbol "RZZ".

The Company is aware that some of its U.S. shareholders have received letters from their brokerage firms outlining the SEC Amendments. In order to ensure compliance with the SEC Amendments, a Form 211 has been filed on behalf of the Company. The Company has been advised that the OTCQX application approval will ensure further compliance with the SEC Amendments.

The Company will provide further information once the application process is completed. The Company will look to continue to grow its investor exposure in the U.S., which includes evaluating the cost associated with a senior U.S. listing.

About Abitibi Royalties

Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or, Québec. In addition, the Company is building a portfolio of royalties on early-stage properties near producing mines and generating mineral projects for option or sale. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares.

For additional information, please contact:

Shanda Kilborn – Director, Corporate Development
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

Forward Looking Statements:

This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93045

NEW YORK, NY / ACCESSWIRE / August 12, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

DKNG Shareholders Click Here: https://www.zlk.com/pslra-1/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form?prid=18476&wire=1
COIN Shareholders Click Here: https://www.zlk.com/pslra-1/coinbase-global-inc-loss-submission-form?prid=18476&wire=1
PLL Shareholders Click Here: https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18476&wire=1

* ADDITIONAL INFORMATION BELOW *

DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. (NASDAQ:DKNG)

DKNG Lawsuit on behalf of: investors who purchased December 23, 2019 – June 15, 2021
Lead Plaintiff Deadline : August 31, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form?prid=18476&wire=1

According to the filed complaint, during the class period, DraftKings Inc. f/k/a Diamond Eagle Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (i) SBTech Global Limited ("SBTech"), a company acquired by DraftKings, had a history of unlawful operations; (ii) accordingly, DraftKings' merger with SBTech exposed the Company to dealings in black-market gaming; (iii) the foregoing increased the Company's regulatory and criminal risks with respect to these transactions; (iv) as a result of all the foregoing, the Company's revenues were, in part, derived from unlawful conduct and thus unsustainable; (v) accordingly, the benefits of the Business Combination were overstated; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

Coinbase Global, Inc. (NASDAQ:COIN)

This lawsuit is on behalf of all persons and entities that purchased or otherwise acquired Coinbase Class A common stock pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 114,850,769 shares of its Class A common stock, whereby Coinbase began trading as a public company on or around April 14, 2021.
Lead Plaintiff Deadline : September 20, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/coinbase-global-inc-loss-submission-form?prid=18476&wire=1

According to the filed complaint, (1) the Company required a sizeable cash injection; (2) the Company's platform was susceptible to service-level disruptions, which were increasingly likely to occur as the Company scaled its services to a larger user base; and (3) as a result of the foregoing Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Piedmont Lithium Inc. (NASDAQ:PLL)

PLL Lawsuit on behalf of: investors who purchased March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline : September 21, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18476&wire=1

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

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com:
https://www.accesswire.com/659463/CLASS-ACTION-UPDATE-for-DKNG-COIN-and-PLL-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has BHP Group Limited Sponsored (BHP) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.

BHP Group Limited Sponsored is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BHP is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BHP's full-year earnings has moved 12.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, BHP has moved about 19.18% on a year-to-date basis. At the same time, Basic Materials stocks have gained an average of 16.73%. This means that BHP Group Limited Sponsored is performing better than its sector in terms of year-to-date returns.

Looking more specifically, BHP belongs to the Mining – Miscellaneous industry, a group that includes 47 individual stocks and currently sits at #207 in the Zacks Industry Rank. This group has gained an average of 17.48% so far this year, so BHP is performing better in this area.

BHP will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.

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To read this article on Zacks.com click here.

WWR Enters into Incentive Package with the State of Alabama and Local Municipalities, Including a Land Lease on 70 Acres to Construct Its Commercial Graphite Processing Facility

Conference Call Scheduled for August 12, 2021, at 11:00 AM EDT

CENTENNIAL, Colo., August 12, 2021–(BUSINESS WIRE)–Westwater Resources, Inc. (NYSE American: WWR), an explorer and developer of U.S.-based mineral resources essential to green energy production, today announced an update on its first-of-its-kind graphite processing plant in Alabama and its second quarter results for the period ended June 30, 2021.

On June 22, 2021 Westwater entered into an incentive package with the State of Alabama and local municipalities to locate the site of the Company’s graphite processing facility in Coosa County, Alabama. The agreement provides certain tax credits and incentives which are estimated by the State of Alabama to be valued at $36M. Westwater has also entered into a land lease agreement for approximately 70 acres to construct its commercial graphite processing facility, with an option to purchase the land during the term of the lease.

As previously reported, Westwater has entered into an agreement with Samuel Engineering, Inc. for a Definitive Feasibility Study on the Coosa Graphite Processing Facility. The study will address location, raw material, product quality and infrastructure, and will provide cost estimates for the Coosa facility. Samuel Engineering, Inc. will also provide design and drawings. Westwater anticipates receipt of the report by the end of the third quarter.

Westwater’s graphite and vanadium exploration program began in April 2021 and is expected to continue throughout the remainder of the year. The scope of this program includes core drilling, the evaluation of extractive techniques and the expansion of general knowledge of the minerals on the property.

"The second quarter of 2021 has been extremely successful for our Company, and we reached a number of key goals required to produce our battery-grade graphite products for an energy-dependent world," said Chris Jones, CEO of Westwater. "During the quarter we continued and are nearing completion of our pilot program in various locations in Germany and the USA, and the combined effort has produced approximately 13 metric tonnes of our three battery-grade graphite products."

"We are now listed on the NYSE American and we were added to the Russell Microcap Index," Mr. Jones added. "Our Russell membership remains in place for one year and gives us automatic inclusion in the appropriate growth and value style indexes."

After a comprehensive search process, Westwater hired Chad Potter as Chief Operating Officer, who began working with the Westwater team on August 2, 2021. Mr. Potter will lead Westwater’s construction, development and future operations of its commercial graphite processing facility and mine.

"With the addition of Chad Potter to our roster, I believe we have one of the strongest management teams in the industry," Mr. Jones concluded.

FINANCIAL REVIEW

Product Development Expenses

Product development expenditures for the second quarter 2021 were $2.1 million, an increase of $1.9 million compared to the prior-year quarter. Approximately $0.7 million of the period-over-period increase was related to Westwater’s graphite processing pilot program, with the remaining increase due primarily to product testing, other lab work and other auxiliary costs associated with the Coosa Graphite Project.

General and Administrative Expenses

General and Administrative expenses for the second quarter 2021 increased by $0.5 million compared to the prior year-quarter, due primarily to higher costs related to shareholder meetings, an increase in stock compensation and higher costs related to Westwater’s sales and marketing efforts.

Net Cash Used in Consolidated Operations

Net cash used in operating activities for the first half of 2021 was $9.1 million, an increase of $3.1 million compared to the same period in the prior year, due primarily to higher graphite product development, exploration, and general, administrative and arbitration costs in 2021.

Net Loss

Net Loss for the three months ended June 30, 2021, was $3.5 million, or $0.11 per share, as compared with a consolidated net loss of $2.5 million, or $0.43 per share, for the same 2020 period. The $1.0 million increase in Westwater’s consolidated net loss was due to an increase in product development, and exploration, general and administrative costs in 2021; offset partially by the elimination of costs from discontinued operations, and an unrealized gain related to the enCore common stock.

Cash and Working Capital

The Company’s cash balance at June 30, 2021, was approximately $119 million.

CONFERENCE CALL & WEBCAST

The Company will hold a conference call on Thursday, August 12, 2021, at 11:00am EDT.

DIAL- IN- NUMBERS

• 1-800-319-4610 (USA and Canada)

• 1-604-638-5340 (International)

• Conference ID: Westwater Resources Conference call

Hosting the call will be Christopher M. Jones, President and Chief Executive Officer of Westwater Resources, who will be joined by Jeffrey L. Vigil, Vice President-Finance and Chief Financial Officer, Chad Potter, Chief Operating Officer and Dain McCoig, Vice President of Operations,

Mr. Jones will present an update on the Company’s business, as well as a special report and update on the Coosa Graphite Project. Mr. Vigil will review the financial results and financial condition of the Company. Mr. Potter and Mr. McCoig will be available for questions as part of the call.

The conference call presentation will also be available via a live webcast through the Company’s website, www.westwaterresources.net.

A replay of the call will be available on the Company’s website for a limited time and by phone:

• 1-855-669-9658 (USA and Canada)

• 1-412-317-0088 (Internationally)

• Replay access code: 7387

About Westwater Resources

Westwater Resources (NYSE American: WWR) is focused on developing battery-grade graphite. The Company’s projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. For more information, visit www.westwaterresources.net.

Cautionary Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to the commencement of operations at the Company’s proposed processing plant facilities, future production of battery graphite products, future financing activities and financial resources, the benefits of the incentive package with the State of Alabama and local municipalities, the timing and content of the Definitive Feasibility Study on the Coosa Graphite Processing Facility, and activities involving the Coosa Graphite Project and the Coosa Graphite Deposit. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to successfully construct and operate a processing plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19; (e) operating conditions at the Company’s projects; (f) government regulation of the graphite industry and the vanadium industry; (g) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (i) the effect of inflation and supply chain disruptions on the anticipated cost to construct and commence operations at our planned processing plant; (j) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (k) currently pending or new litigation or arbitration; and (l) other factors which are more fully described in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210812005092/en/

Contacts

Westwater Resources
Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
Email: Sales@westwaterresources.net

Investor Relations
Porter, LeVay & Rose
Michael Porter, President
Phone: 212.564.4700
Email: Westwater@plrinvest.com

Figure 1

Midland-BHP Alliance Nunavik

Figure 2

A1 Prospect

Figure 3

L2 prospect

Figure 4

Bonne Une Prospect

MONTREAL, Aug. 12, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to provide an update on a major exploration program underway for nickel in Nunavik. The 2021 program is carried out under the strategic alliance (the “Alliance”) concluded in August 2020 between Midland’s wholly owned subsidiary, Midland Base Metals Inc. (“MBM”), and Rio Algom Limited, wholly owned subsidiary of BHP Group PLC (“BHP”).

Highlights:

• High-quality ground electromagnetic (“Squid”) survey conducted on the Papavoine Ni-Cu-Co prospect.

• 3D modelling of the Papavoine prospect underway, integrating new ground geophysics and historical drilling data to identify new drilling targets.

• Airborne electromagnetic (“VTEM”) surveys totalling nearly 5,000 line kilometres completed in areas deemed favourable for Ni-Cu-Co mineralization.

• Prospecting and mapping campaign scheduled in September, targeting high-priority electromagnetic anomalies identified in the airborne survey as well as Ni-Cu-Co showings identified in 2020.

The Alliance with BHP for nickel exploration is mainly focused on mafic intrusive rocks with troctolite/olivine gabbro compositions similar to those in Voisey’s Bay and the Nain Province, but that have historically received far less exploration, despite the discovery of several Ni-Cu-Co prospects and occurrences. The Papavoine Ni-Cu-Co prospect, discovered in 2000 and currently held by Midland, graded up to 0.63% Ni, 0.31% Cu and 0.04% Co over 6.6 metres in channel samples (collected by Midland in 2018, unpublished results). Approximately 20 kilometres southeast of Papavoine, the Mantas intrusion yielded grades up to 0.48% Ni, 0.21% Cu and 0.06% Co over 0.7 metre (channel samples collected by Midland in 2018, unpublished results). In 2020, work by Midland and BHP also confirmed two additional areas with strong potential. The Bonne Une troctolite intrusion graded up to 0.23% Ni and 0.23% Cu in grab samples (press release dated April 15, 2021). In the A1 area, eight (8) mineralized boulders, locally derived but the source of which has yet to be determined, graded more than 0.1% Ni, with a highest grade of 0.14% Ni and 0.16% Cu in grab samples. Note that grades obtained in grab samples are not representative of mineralized zones.

Ground electromagnetic (Squid) survey on the Papavoine Ni-Cu prospect and 3D modelling

A high-quality Squid-type ground electromagnetic survey was recently completed to cover part of the olivine gabbro/troctolite intrusion that hosts the Papavoine Ni-Cu-Co prospect. Although its exact dimensions have not yet been determined, the intrusion is more than 500 metres thick and covers a surface area of at least 2 kilometres by 1.5 kilometres. Seven (7) historical drill holes completed in 2001 in a section of the Papavoine intrusion identified, at its base, a laterally continuous zone of rocks characterized by chaotic textures and anomalous Ni-Cu-Co sulphide contents over several tens of metres in thickness. Given the shallow dip of the Papavoine intrusion, the base of the intrusion remains at relatively shallow depths over an extensive surface area, which provides a clear advantage for exploration.

These new high-quality geophysical data from the Papavoine area are currently being integrated into a 3D model along with geological and geochemical data from the 7 historical drill holes completed in 2001 in a section of the intrusion, in an effort to identify new high-potential drilling targets at the base of this intrusion. This work is considered additional accelerated work (“Accelerated Work”) designed to assess the possibility of transferring existing Midland projects to the Alliance designated project category (“Designated Project”).

Airborne electromagnetic (VTEM) surveys and prospecting + mapping campaign

Several high-quality VTEM-type airborne electromagnetic surveys were completed in recent months to cover areas deemed favourable for nickel exploration. These VTEM surveys total nearly 5,000 line kilometres. Several new high-priority electromagnetic anomalies were identified and will be followed up by prospecting and field mapping starting mid September. The prospecting campaign will also target Ni-Cu-Co showings identified during the 2020 prospecting campaign.

A budget of $1.3 million was allotted for the prospecting campaign and VTEM surveys. An additional budget of $600,000 was also approved for the ground electromagnetic survey and 3D modelling of the Papavoine intrusion.

Cautionary statements:

The true thickness of intervals reported in channel samples cannot be determined with the information currently available.

Mineralization occurring in the Voisey’s Bay area in Labrador is not necessarily indicative of mineralization that may be found on the Company project described in this press release.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. All samples are analyzed for multi-elements, using the four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia. Samples with copper, zinc, molybdenum or nickel values above 1% are reanalyzed using the four-acid ICP-AES method optimized for high grades.

About Midland

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

This press release was reviewed and approved by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101, who also approved the technical content of this press release.

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

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

Website: www.midlandexploration.com

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

Forward-looking Information

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements include the funding under the Generative Phase, the advancement of a project to the Testing Phase, the expenditure amount under the Testing Phase, the payment of success fees to Midland, the advancement of a project to the Joint Venture Phase and other estimates and statements that describe Midland’s future plans, objectives or goals, including words to the effect that Midland or management expects a stated condition or result to occur. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, without limitation, certain rights of BHP to cease funding under the Alliance, the results of exploration in the AOI, the ability of Midland to contribute funding to maintain its interests in Designated Projects, the ability of Midland to fund its contributions under a joint venture, if formed, or have any participating interest diluted, changes in general economic conditions and conditions in the financial markets, changes in demand and prices for minerals, failure to obtain the requisite permits and approvals from government bodies and third parties, regulatory and governmental policy changes (laws and policies) and those risks set out in Midland’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although Midland believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Midland disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/16b5dbec-c45f-4b8d-a410-18e5a16bf920

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CRANBROOK, BC / ACCESSWIRE / August 12, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) ("EPL" or "Eagle Plains") has mobilized personnel to conduct exploration activities on its 100% owned, 1868 ha Ant Lake Cu-Ni-PGE project located 140km north of Southend, Saskatchewan on the west shore of Reindeer Lake. The claims cover 4 known mineral occurrences associated with mafic to ultramafic plutons assigned to the Peter Lake Domain. The property is free of underlying royalties or other encumbrances.

Trench samples over the Ant Lake Showing area returned values of 0.58% to 1.48% Cu, 0.003% to 0.070% Ni, and 91 to 4,000 ppb Pd, and 81 to 561 ppb Pt (Saskatchewan Mineral Deposit Index "SMDI" 2373). One sample taken by Canadian Platinum Corp. (Sample 166822) contained 99.3 ppm PGE (Au+Pt+Pd), 2612 ppm Cu, and 133.4 ppm Ni.

At the Antoine Showing (SMDI 2374) grab samples from trenches included:

• Sample B-2-62 1.4% Cu, 461 ppb Pd, 132 ppb Pt

• Sample E-99 1.4% Cu, 2598 ppb Pd, 178 ppb Pt

• Sample F-98 0.79% Cu, 3828 ppb Pd, 286 ppb Pt

Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property

Drill hole ANT-4, drilled under the original ANT trenches, intersected 3.5 m with 0.37% Cu, 124 ppb Pd and 100ppb Pt from 48.4 – 51.9 m. The mineralization was interpreted to be related to a northerly trending fracture zone, possibly related to a splay off the regional Tabbernor Fault System.

Property Geology and History

Mineralization in the Ant Lake area was identified by Husky Oil who discovered the Wiley Bay Cu Showing (SMDI 0569) in 1970 during follow up work on a regional EM/mag geophysical survey. In 1985 Lacana Exploration and International Platinum Corp. staked claims in the area which resulted in the discovery of the Ant Lake (SMDI 2373) and Antoine's (SMDI 2374) Cu-Ni-Pt-Pd mineralization. A Lacana-SMDI partnership continued exploration in 1986 completing ground geophysics, soil sampling and trenching.

The last significant work in the area was by Canadian Platinum Corporation in 2012 with the completion of 6 drill holes in the immediate Ant Lake Showing area.

The above results were taken directly from the SMDI descriptions and assessment reports filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work in the Ant Lake property area. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Director of Eagle Plains Resources Ltd., has prepared, reviewed, and approved the scientific and technical disclosure in this news release.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 37,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

Cautionary Note Regarding 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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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.

SOURCE: Eagle Plains Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/659150/Eagle-Plains-Commences-Fieldwork-at-Ant-Lake-PGE-Project

TAMPA, FL / ACCESSWIRE / August 12, 2021 / The Mosaic Company (NYSE:MOS) announced its July 2021 sales revenue and volumes by business unit.

⁽¹⁾The revenue and tonnes presented are sales as recognized in the month and do not reflect current market conditions due to the delays between pricing and revenue recognition.

⁽²⁾Tonnes = finished product tonnes

About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/659543/Mosaic-Announces-July-2021-Sales-Revenue-and-Volumes

Joining the call today from Pan American are President and CEO Michael Steinmann; Steve Busby, chief operating officer; Rob Doyle, chief financial officer; Martin Wafforn, senior VP, technical services and process optimization; and Chris Emerson, VP, business development and geology. Thank you for joining us today to discuss our second-quarter results.

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

QUÉBEC CITY, Aug. 12, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) is pleased to announce that it has arranged a non-brokered hard dollar private placement with strategic investors at $0.25 per unit to raise total gross proceeds of up to $3,250,000 (see terms below).

Net proceeds from this private placement will be used for an upcoming drill program at the Company’s 100%-owned district-scale Courcy and Mercator properties in Quebec’s newest gold district (Caniapiscau) east of James Bay and Newmont’s Eleonore mine.

At Courcy, drilling will target gold mineralization now interpreted to be associated with a major thrust fault. The last of eight shallow drill holes completed at this under-explored property by SOQEUM in 2006 returned a 42-meter core interval of 4.2 g/t Au, starting just 12 meters downhole, including 13.5 meters grading 12.2 g/t Au. Visible gold was noted in a 1.5-meter section (42 m – 43.5 m) that returned 105 g/t Au.

At Mercator, 100 kilometers northwest of Courcy, a recently completed high resolution geophysics survey combined with ongoing surface sampling has revealed a potential large-scale gold system with mineralization discovered in metasediments and amphibolites at surface along a 1.9-km trend of faulted and folded iron formations, open for significant expansion to the northeast and southwest (refer to August 3, 2021, NR). Mercator has never been previously drilled or systematically explored.

Private Placement Terms

This above-market private placement (“Offering”) consists of the sale of up to 13 million units (“Units”) of Stelmine to strategic investors at a price of $0.25 per Unit. Each Unit comprises one common share of Stelmine and one half of a share purchase warrant. Each full warrant will entitle the holder to acquire one common share of the Company at $0.35 for a period of 36 months from issuance.

In the event that the closing price of the Company’s shares on the TSX Venture Exchange is $0.50 or greater during any 10 consecutive trading day period at any time subsequent to four months and one day after the closing date, all warrants under this offering will expire at 4:00 pm ET on the 30^th day after the date on which the Company provides notice of such accelerated expiry to the holders of the warrants.

The proceeds of the Offering will be used for exploration on the Courcy and Mercator properties and for general working capital purposes. Finders’ fees will be paid in connection with the private placement.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. The common shares issued pursuant to the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or for the account or benefit of U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Michel Boily, P.Geo., Ph.D. Mr. Boily is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

Project & Regional Map

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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.

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://ca.linkedin.com/company/stelmine-canada-ltd