Dieppe, New Brunswick–(Newsfile Corp. – August 5, 2021) – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that its partner, Silver Spruce Resources, Inc. (TSXV: SSE), has completed its Phase 1 exploration drilling at El Mezquite Au-Ag property ("El Mezquite" or the "Property"). The first seven (7) drill holes of the program were completed on June 14^th and the Company is awaiting the results of gold, silver and multi-element analysis from the laboratory. The remaining thirteen (13) holes were drilled with two RC rigs from Layne de Mexico and completed as scheduled on July 28^th. A total of 2,485 metres were drilled in twenty (20) holes from eight drill pad locations.

Figure 1. Pad M1 (MEZ-002, 180°, -70°) at El Mezquite showing RC rig from Layne de Mexico

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4269/92170_e4f3ae27045a8848_001full.jpg

"We are very happy to see the completion of the inaugural drilling campaign at Mezquite Gold and Silver Project. We look forward to receiving the results and planning a Phase 2 program with our partners. Through our partnership with Silver Spruce, we have been able to advance and unlock potential value for shareholders at El Mezquite with no dilution to our market capitalization," said Ron Goguen, President and CEO of Colibri.

Logging and sampling are progressing quickly at Colibri Resource's office facilities in Hermosillo. Samples are being submitted in batches to ALS Global through the second week of August. Laboratory assay results are anticipated from four to eight weeks after submittal. The results of Phase 1 drilling, combined with recent and historical surface exploration, will be used as the basis for design of a Phase 2 drill program planned for after the summer rainy season.

Silver Spruce Resources is currently in the 2^nd year of a four year agreement with Colibri to earn 50% of the El Mezquite Gold and Silver Project. For full details of the agreement please refer to the Colibri news release dated June 11^th, 2020.

ABOUT COLIBRI RESOURCE CORPORATION:

Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration projects of which five currently have exploration programs being executed or planned for 2021. The flagship Evelyn Gold Project is 100% owned and explored by Colibri. The Company has four additional projects, Pilar Gold & Silver Project (optioned to Tocvan Ventures– (CSE: TOC)), El Mezquite Gold & Silver Project , Jackie Gold & Silver Project, and the Diamante Gold & Silver Project (earn-in agreements with Silver Spruce Resources – (TSXV: SSE)) are also currently being actively advanced.

For more information about all Company projects please visit: www.colibriresource.com.

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

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.

For further information: Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92170

Silvercorp (SVM) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this mineral miner would post earnings of $0.04 per share when it actually produced earnings of $0.04, delivering no surprise.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Silvercorp, which belongs to the Zacks Mining – Miscellaneous industry, posted revenues of $58.82 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 7.14%. This compares to year-ago revenues of $46.71 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.

Silvercorp shares have lost about 29.3% since the beginning of the year versus the S&P 500's gain of 17.2%.

What's Next for Silvercorp?

While Silvercorp 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 Silvercorp 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 $0.09 on $60.6 million in revenues for the coming quarter and $0.33 on $219.3 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 – Miscellaneous is currently in the bottom 30% 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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One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. We'll use ROE to examine Cleveland-Cliffs Inc. (NYSE:CLF), by way of a worked example.

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

View our latest analysis for Cleveland-Cliffs

How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

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

So, based on the above formula, the ROE for Cleveland-Cliffs is:

22% = US$926m ÷ US$4.3b (Based on the trailing twelve months to June 2021).

The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.22 in profit.

Does Cleveland-Cliffs Have A Good Return On Equity?

One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. As is clear from the image below, Cleveland-Cliffs has a better ROE than the average (17%) in the Metals and Mining industry.

That's what we like to see. Bear in mind, a high ROE doesn't always mean superior financial performance. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk . Our risks dashboardshould have the 6 risks we have identified for Cleveland-Cliffs.

Why You Should Consider Debt When Looking At ROE

Companies usually need to invest money to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.

Combining Cleveland-Cliffs' Debt And Its 22% Return On Equity

It's worth noting the high use of debt by Cleveland-Cliffs, leading to its debt to equity ratio of 1.11. While its ROE is respectable, it is worth keeping in mind that there is usually a limit as to how much debt a company can use. Debt does bring extra risk, so it's only really worthwhile when a company generates some decent returns from it.

Conclusion

Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE.

But when a business is high quality, the market often bids it up to a price that reflects this. It is important to consider other factors, such as future profit growth — and how much investment is required going forward. So I think it may be worth checking this free report on analyst forecasts for the company.

But note: Cleveland-Cliffs may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

This article by Simply Wall St is general in nature. 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.

Murphy Oil Corporation MUR posted second-quarter 2021 adjusted net income of 59 cents per share, beating the Zacks Consensus Estimate of 26 cents by 127%. Also, the bottom line bounced back from the year-ago quarter’s loss per share of 71 cents.

Including the one-time charges and losses, the company incurred a net loss of 41 cents per share in the reported quarter, comparing favorably with the $2.06 loss in the prior-year quarter.

Revenues

In the quarter under review, Murphy Oil’s revenues of $549.6 million missed the Zacks Consensus Estimate of $582 million by 5.6%. However, the top line improved 160% from the prior-year quarter’s $211.5 million.

Murphy Oil Corporation Price, Consensus and EPS Surprise

Murphy Oil Corporation price-consensus-eps-surprise-chart | Murphy Oil Corporation Quote

Operational Highlights

The company produced 171,000 barrels of oil equivalent per day (MBOEPD) in the second quarter, which exceed the expected number of 100,000 MBOEPD. It comprised 58% of oil and 64% of liquids.

In the quarter under review, Murphy Oil’s total costs and expenses amounted to $539.9 million, down 7.8% from $585.7 million in the prior-year quarter.

Operating income from continuing operations came in at $9.8 million against the loss of $374.1 million in the prior-year quarter.

The company incurred net interest charges of $43.4 million, up 12.4% from $38.6 million in the prior-year quarter.

Murphy Oil hedged 45,000 barrels of oil per day (Bbl/d) at an average price of $42.77 per barrel for 2021. Also, for 2022, it hedged 20,000 Bbl/d at an average price of $44.88 per barrel.

In the reported quarter, the company completed constructing King’s Quay floating production system.

Financial Condition

Murphy Oil had cash and cash equivalents of $418.1 million as of Jun 30, 2021 compared with $310.6 million as of Dec 31, 2020. At the end of the quarter, total liquidity of the company was $2 billion.

Long-term debt summed $2,762.9 million on Jun 30, 2021 compared with $2,988.1 million as of Dec 31, 2020.

Net cash provided by continuing operations activities in the first six months of 2021 was $686.3 million compared with $369.4 million in the comparable period of 2020.

Outlook

The company adjusted its production expectation to 157.5-165.5 MBOEPD for 2021. It tightened its current-year planned capital expenditures in the range of $685-$715 million from the prior guidance of $675-$725 million excluding the Gulf of Mexico’s noncontrolling interest.

For the third quarter of 2021, it expects net production to be 162-170 MBOEPD (including the impact of storm).

Zacks Rank

Murphy Oil currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Releases

Occidental Petroleum Corporation OXY reported second-quarter 2021 earnings of 32 cents per share. Te Zacks Consensus Estimate was of a breakeven.

CNX Resources Corporation CNX reported second-quarter 2021 adjusted earnings of 18 cents per share, which lagged the Zacks Consensus Estimate of 25 cents by 28%.

Continental Resources CLR reported second-quarter 2021 adjusted earnings of 91 cents, beating the Zacks Consensus Estimate of 57 cents per share by 59.6%.

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Denver, CO, Aug. 05, 2021 (GLOBE NEWSWIRE) — Intrepid Potash, Inc. (NYSE: IPI) announced today that its East Mine operation in Carlsbad, NM was the recipient of the 2020 Sentinels of Safety Award in the Large Underground Nonmetal category.

Established in 1925, the Sentinels of Safety Award is presented by the National Mining Association each year to recognize the outstanding safety achievements of mining operations across a variety of categories. Recipients of the award recorded the greatest number of employee work hours without a single lost-time injury.

“This award is a testament to Intrepid’s relentless focus on safe operations and our core value of ‘Safety in all that we do both at work and at home’.” said Robert Baldridge, Intrepid’s Senior Vice President – New Mexico. “We are honored to receive this award and congratulate every employee at our East Mine for this tremendous achievement.”

About Intrepid

Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, salt and water products essential for customer success in agriculture, animal feed and the oil and gas industry. Intrepid is the only U.S. producer of muriate of potash, which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications and used as an ingredient in animal feed. In addition, Intrepid produces a specialty fertilizer, Trio^®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. Intrepid also provides water, magnesium chloride, brine and various oilfield services.

Intrepid serves diverse customers in markets where a logistical advantage exists and is a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly production. Intrepid’s mineral production comes from three solar solution potash facilities and one conventional underground Trio^® mine.

Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for new postings.

Contact
Matt Preston, Vice President – Finance
Phone: 303-996-3048
Email: matt.preston@intrepidpotash.com

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

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) is pleased to announce that Ranchero Gold Corp. (“Ranchero”) has closed the second tranche of its previously announced private placement (the “Concurrent Financing”) through the offering of an additional 454,545 subscription receipts (each, a “Subscription Receipt”) at a purchase price of $0.55 per Subscription Receipt for gross proceeds of $250,000. In total, Ranchero has issued an aggregate of 9,561,613 Subscription Receipts under the Concurrent Financing for aggregate gross proceeds of $5,258,887. No finders’ fees were paid in connection with this second tranche of the Concurrent Financing. Please see the Company’s news releases dated November 2, 2020, July 13, 2021 and July 19, 2019 for further information on the Concurrent Financing.

The Concurrent Financing was completed in connection with the previously announced reverse takeover transaction (the “Transaction”) with Ranchero pursuant to which Melior will acquire all of the issued and outstanding securities of Ranchero by way of a three-cornered amalgamation in accordance with the terms and conditions of the amalgamation agreement dated February 17, 2021, as amended, among Melior, Ranchero and 1274169 B.C. Ltd. (“Melior Newco”), a wholly-owned subsidiary of Melior, as more particularly described in the Company’s news releases dated November 2, 2020, February 18, 2021 and July 13, 2021. Pursuant to the Transaction, Ranchero will amalgamate with Melior Newco, and Melior will acquire all of the outstanding common shares of Ranchero (the “Ranchero Shares”) from the Ranchero shareholders in exchange for post-consolidation common shares of Melior (the “Resulting Issuer Shares”) on the basis of one Resulting Issuer Share for one Ranchero Share. Prior to the completion of the Transaction, Melior intends to consolidate its common shares on the basis of 32.6764 pre-consolidation common shares for one post-consolidation common share of Melior.

Each Subscription Receipt entitles the holder thereof to automatically receive, upon satisfaction of certain escrow release conditions, one Ranchero Share, which shall immediately be exchanged for one Resulting Issuer Share upon completion of the Transaction.

All securities issued in connection with the Concurrent Financing are subject to an indefinite hold period, as required under applicable securities laws.

On behalf of the board of directors of the Company:

Martyn Buttenshaw
Interim Chief Executive Officer

For further information, please contact:

Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
info@meliorresources.com

This news release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in the United States. The securities of the Company and Ranchero have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws unless pursuant to an exemption from such registration.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance. The Transaction cannot close until all necessary approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

The TSXV has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.

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

Cautionary Note Regarding Forward Looking Statements

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

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: risks related to regulatory approval, including the approval of the TSXV, liabilities inherent in mine development and production; geological risks, risks associated with the effects of the COVID-19 virus, the financial markets generally, the satisfaction or waiver of the conditions precedent to the Transaction, and the ability of the Company to complete the Transaction and obtain requisite TSXV acceptance and shareholder approvals. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

ALB earnings call for the period ending June 30, 2021.

Vancouver, British Columbia–(Newsfile Corp. – August 5, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) – Director and CEO, Alan Pangbourne speaks about their flagship asset, the Metates project, located in Durango State, Mexico that is projected to produce 110,000 ounces of gold.

If you cannot view the video above, please visit:
https://b-tv.com/chesapeake-gold-large-undeveloped-gold-silver-project-ceo-clip-90sec/

Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF)

Chesapeake Gold is being featured on BNN Bloomberg Aug 7th – Aug 8th, 2021.

chesapeakegold.com

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 90 second video profiles broadcast on national TV and online via 15 top financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.

BTV – Business Television/CEO Clips

Contact:
Trina Schlingmann
(604) 664-7401 x 5
trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92219

Vancouver, British Columbia–(Newsfile Corp. – August 5, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to report that it has delivered the first batch of trench samples to the ALS laboratory in Thunder Bay, Ontario for assay. Stripping, washing and geological mapping were completed in the two trenched sites in the West Contact Zone. Rock grab samples were collected before the Ministry of Northern Development, Mines, Natural Resources and Forestry issued an Emergency Area Order to control and contain the wildfires in the northwest region of Ontario. This order imposes restriction on the use of equipment required for exploration activities. The Company is assessing the situation and planning to begin an airborne magnetic survey on the property in the coming weeks. The new airborne magnetic survey and trenching data will be analyzed to determine the new drill targets in the West Contact Zone. Please refer to the July 5 press release for details of the 2021 exploration program.

About Thundercloud Property

The Thundercloud Property is located in the Archean Manitou-Stormy Lakes Greenstone belt in Western Ontario, 47 kilometers southwest of Dryden. The geological setting is comparable to the Abitibi Greenstone Belt in Eastern Ontario but the Thundercloud Property is much less explored. The Belt contains numerous gold showings, several deposits and high grade historic past producers. Regionally, exploration results indicate excellent potential to define bulk-tonnage orogenic gold mineralization, as close to 30 million ounces of gold have been discovered in recent years in the area, including several large-scale mining operations nearby.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in greenstone belts in Ontario and the Midas gold camp in Nevada. Currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in a legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd..

For more information, please visit Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"

_________________________________

Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept 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/92228

NEW YORK, NY / ACCESSWIRE / August 5, 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.

Home Point Capital Inc. (NASDAQ:HMPT)

This lawsuit is on behalf of all persons and entities other than Defendants that purchased or otherwise acquired Home Point common stock pursuant and/or traceable to the Company's January 29, 2021 initial public offering.

A class action has commenced on behalf of certain shareholders in Home Point Capital Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Home Point's aggressive expansion of its broker partners would dramatically increase the Company's expenses; (ii) the mortgage industry was anticipating industry-wide decreased gain-on-sale margins as a result of rising interest rates in 2021 and Home Point would be subject to the same competitive pressures; (iii) accordingly, the Company had overstated its business and financial prospects; and (iv) as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.

Shareholders may find more information at https://securitiesclasslaw.com/securities/home-point-capital-inc-loss-submission-form/?id=18263&from=1

Full Truck Alliance Co. Ltd. (NYSE:YMM)

This lawsuit is on behalf of persons who purchased or otherwise acquired Full Truck's securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Full Truck's June 2021 initial public offering.

A class action has commenced on behalf of certain shareholders in Full Truck Alliance Co Ltd. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Full Truck's apps Yunmanman and Huochebang would face an imminent cybersecurity review by the Chinese government; (2) the Chinese government would require Full Truck to suspend new user registration; (3) FTA needed to conduct a "comprehensive self-examination of any cybersecurity risks"; (4) Full Truck needed to "continue to improve its cybersecurity systems and technology capabilities"; and (5) as a result, Defendants' public statements were materially false and misleading at all relevant times and negligently prepared.

Shareholders may find more information at https://securitiesclasslaw.com/securities/full-truck-alliance-co-ltd-loss-submission-form/?id=18263&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=18263&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/658546/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-HMPT-YMM-and-PLL

New York, New York–(Newsfile Corp. – August 4, 2021) – The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders of Piedmont Lithium Inc. (NASDAQ: PLL).

Shareholders who purchased shares of PLL during the class period listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18243&from=5

CLASS PERIOD : March 16, 2018 to July 19, 2021

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

DEADLINE: September 21, 2021 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18243&from=5

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of PLL during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 21, 2021. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. 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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92139

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce results of independent testwork conducted on anorthosite from the White Mountain mine in Greenland. The testwork, conducted in Norway, confirms that anorthosite from the White Mountain mine gives very high leach recoveries with short leaching times for aluminum and calcium dissolution. This is the key first step in the production of a waste-free smelter grade “Green Alumina” product for the aluminum industry. This work confirms Hudson’s earlier work completed at SGS Lakefield and current testwork being undertaken at KPM in Kingston, Ontario (see NR2021-03). Hudson’s objective is to demonstrate an economic process to produce a “Green Alumina” product from anorthosite. Hudson has a 31.1% equity interest in the White Mountain anorthosite mine and rights to acquire 100%.

The testwork was conducted by the Institute for Energy Technology (IFE) in Norway as part of its AlSiCal project, and was funded through the European Union’s (EU) Horizon 2020 Research and Innovation program under grant No 820911. For more information about IFE please see https://ife.no/en/ and for information on AlSiCal please refer to: https://www.alsical.eu/.

Hudson provided several samples of anorthosite for the testwork including a minus 250 micrometer product and coarse (+100mm) rock samples, crushed and sieved down to 77-760 microns for testing. The IFE determined that the identified samples submitted by Hudson were “of high quality” in the context of the AlSiCal project. Key results are as follows:

• Both the aluminum and calcium are leached simultaneously

• Leaching of between 87-97% wt% (weight percent) in the first two hours

• Leaching of 93-100 wt% in four hours

• Variability within range is attributed to different particle sizes and/or the anorthosites natural heterogeneity

Results were confirmed by ICP-MS analysis and XRF analysis.

Testwork on the two samples demonstrated what IFE considered as “fast leaching” characteristics and a “high total dissolution yield (being 100% the theoretical, calculated maximum dissolution yield based on the available analyses)”.

The AlSiCal project objective is to secure for the EU, a sustainable process for the production of alumina, silica and precipitated calcium carbonate by researching, developing and de-risking ground-breaking technology aiming for ZERO Bauxite residue and ZERO CO₂ emissions during their co-production.
Two leaching tests were performed by IFE, which included the following steps:

• Mixing of anorthosite with 20 wt% Hydrochloric acid (HCl) at 140 degrees C

• Cooling of the final reaction mixture

• Separation of liquid and solid fractions by centrifugation and decanting

• Washing of solid fractions and drying

Jim Cambon, President commented: “The EU funded testwork conducted by IFE and AlSiCal independently confirms an efficient and straightforward leaching process of aluminum and calcium from the White Mountain anorthosite. This represents a key step in the production of a waste-free “Green Alumina” product and offers a direct replacement to bauxite which creates almost four tonnes of waste for every tonne of aluminum produced. The time is right for the production of a truly green aluminum in which anorthosite is a key solution.”

In addition to its interest in the White Mountain anorthosite operation, Hudson owns 100% of the Sarfartoq rare earth element (“REE”) project and the high-grade Nukittooq niobium-tantalum project located on the Sarfartoq exploration license. The Sarfartoq REE project has a 43-101 indicated and inferred resource outlining 35,000 tonnes of neodymium oxide plus praseodymium oxide, the two key components in permanent magnets driving the green revolution. There is significant potential to expand this REE resource, while the Nukittooq project has some of the highest reported niobium assays in the industry (see NR2020-15).

J.R. Goode, P. Eng., is a Qualified Person, as defined by National Instrument 43-101, and reviewed the preparation of the metallurgical and technical information in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:
Ph: 604-628-5002

Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”.

Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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.

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Pacific Bay Minerals Ltd. (CVE:PBM), you may well want to know whether insiders have been buying or selling.

Do Insider Transactions Matter?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise'.

Check out our latest analysis for Pacific Bay Minerals

Pacific Bay Minerals Insider Transactions Over The Last Year

While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.

Over the last year, we can see that insiders have bought 1.32m shares worth CA$128k. But they sold 900.20k shares for CA$63k. Overall, Pacific Bay Minerals insiders were net buyers during the last year. Their average price was about CA$0.097. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price of CA$0.16. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Are Pacific Bay Minerals Insiders Buying Or Selling?

In the last three months, insiders bought CA$63k. But that was only a smidgen more than the CA$63k worth of sales. Overall, we don't think these recent trades are particularly informative, one way or the other.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Pacific Bay Minerals insiders own 49% of the company, worth about CA$1.3m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Pacific Bay Minerals Insiders?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. On a brighter note, the transactions over the last year are encouraging. With high insider ownership and encouraging transactions, it seems like Pacific Bay Minerals insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Pacific Bay Minerals. To that end, you should learn about the 4 warning signs we've spotted with Pacific Bay Minerals (including 3 which are a bit concerning).

Of course Pacific Bay Minerals may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that smoke from wildfires in southwestern British Columbia has affected operations at its Trail Operations metallurgical facility.

Specifically, the oxygen plant at Trail has been shut down due to poor ambient air quality, and the usual mitigation measures have not been adequate to deal with conditions. Zinc refining operations are running at approximately 70% of normal rates. Lead refining continues to operate normally; however, the lead smelting operations have been temporarily idled.

Resumption of full production will depend on improvements in air quality. Regional air quality conditions are being actively monitored and Trail Operations has response plans in place to protect employee safety.

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.

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

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

Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are hard to find, but they can generate massive returns over long periods. For example, the Ferrexpo plc (LON:FXPO) share price is up a whopping 498% in the last half decade, a handsome return for long term holders. And this is just one example of the epic gains achieved by some long term investors. In more good news, the share price has risen 6.3% in thirty days.

Check out our latest analysis for Ferrexpo

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Over half a decade, Ferrexpo managed to grow its earnings per share at 81% a year. The EPS growth is more impressive than the yearly share price gain of 43% over the same period. So one could conclude that the broader market has become more cautious towards the stock. The reasonably low P/E ratio of 6.36 also suggests market apprehension.

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on Ferrexpo's earnings, revenue and cash flow.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Ferrexpo the TSR over the last 5 years was 851%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

We're pleased to report that Ferrexpo shareholders have received a total shareholder return of 227% over one year. Of course, that includes the dividend. That's better than the annualised return of 57% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Ferrexpo better, we need to consider many other factors. For example, we've discovered 3 warning signs for Ferrexpo (1 is concerning!) that you should be aware of before investing here.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

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

This article by Simply Wall St is general in nature. 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.

Figure 1

Plan View of the Guayabales Project and Olympus Target

Figure 2

Plan View of the Olympus Mineralized Corridor with Underground Sample Zones 1-6

Figure 3

Photo of Polymetallic Vein Overprinting a Hydrothermal Breccia. Samples grades 19.1 g/t gold and 1,919 g/t silver Over One Meter

Figure 4

Porphyry Style Mineralization with Quartz-Sulphide Veins in Sericite Altered Quartz Diorite from Olympus Mineralized Corridor. Sample Grades 1.63 g/t gold and 60 g/t Silver and 11 ppm Molybdenum

TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an exploration update from its Olympus target (“Olympus”) within the Guayabales Project, located in Caldas, Colombia. The Guayabales project is situated contiguous, immediately along strike and to the northwest of Aris Gold’s Marmato gold mine, which contains proven and probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). The Company interprets the abundant precious metal mineralization encountered throughout the Guayabales Project to be related to multiple mineralized styles that include gold-copper-molybdenum porphyries and associated breccia as well as high grade, precious and base metal vein systems that are superimposed on and enrich the porphyry bodies.

“We are very excited about the Olympus target due to its multiple mineralization styles and enrichment of porphyry mineralization by a high-grade vein overprint. Although underground exposures to channel sample were limited due to extensive small-scale mining-related historical timber support, significant high-grades of both gold and silver were encountered over an area measuring 600 x 600 metres with mineralization remaining open in all directions. Work to date at Olympus clearly indicates that there will be multiple targets ready for drill testing in the near future,” commented Ari Sussman, Executive Chairman.

Highlights (Table 1 and Figures 1-4)

The Company has received results from shallow underground channel sampling at its Olympus target within the Guayabales Project. The Olympus target is a NW trending mineralized corridor located in a porphyry intrusive. Gold and silver mineralization is hosted within multiple styles that include high grade vein, porphyry veinlet, breccia and disseminated systems.

• Ten old mine adits have been sampled to date with assay results for the initial six adits reported herein. In all cases, channel sampling was limited to infrequent underground exposures which were not covered by historical post-mining timber support with highlight results as follows:

  • 46.5 g/t gold equivalent over 1 metre (19.1 g/t Au and 1,919 g/t Ag);

  • 39.0 g/t gold equivalent over 2.7 metres (33 g/t Au and 421 g/t Ag);

  • 16.3 g/t gold equivalent over 1 metre (9.7 g/t Au and 464 g/t Ag);

  • 20.8 g/t gold equivalent over 0.9 metre (20.7 g/t Au and 9 g/t Ag);

  • 13.8 g/t gold equivalent over 1.7 metres (9.3 g/t Au and 314 g/t Ag) and;

  • 11.8 g/t gold equivalent over 1 metre (6.1 g/t Au and 399 g/t Ag).

• Porphyry A and B veinlets in sheeted and stockwork zones and associated with disseminated sulphides returned 19 values ranging from 4.7 g/t AuEq to 1.1 g/t AuEq from widths of 2.0 metres to 0.3 metres in available underground exposures. This lower grade mineralization has been overprinted by the high-grade veins.

• The southernmost workings in the target area returned 8.6 g/t AuEq and 8.2 g/t AuEq from a mineralized breccia zone with clasts and matrix of massive sulphide material.

• The Olympus mineralized corridor has been mapped over a width of 600 metres and a NW strike of 600 metres. The target is open in all directions. The 600 metres wide corridor hosts 41 shallow underground adits.

• Underground sampling and surface mapping continues at the Olympus target area.

Table 1: Underground Channel Sampling at the Olympus Target

*a silver/gold ratio of 70:1 has been used to calculate gold equivalent grades.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).
Technical Information

Rock samples have been prepared and analyzed at Actlabs laboratory facilities in Medellin, Colombia and Toronto, Canada. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in late August 2021.

Contact Information

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by 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.

Figure 1: Plan View of the Guayabales Project and Olympus Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/914e496f-08d8-4668-8b08-b71538f0d89a

Figure 2: Plan View of the Olympus Mineralized Corridor with Underground Sample Zones 1-6
https://www.globenewswire.com/NewsRoom/AttachmentNg/eec1a367-e6c0-4761-a178-820de038bf36

Figure 3: Photo of Polymetallic Vein Overprinting a Hydrothermal Breccia. Samples grades 19.1 g/t gold and 1,919 g/t silver Over One Meter
https://www.globenewswire.com/NewsRoom/AttachmentNg/f211abca-004a-4358-ab21-e056a2c32cae

Figure 4: Porphyry Style Mineralization with Quartz-Sulphide Veins in Sericite Altered Quartz Diorite from Olympus Mineralized Corridor. Sample Grades 1.63 g/t gold and 60 g/t Silver and 11 ppm Molybdenum
https://www.globenewswire.com/NewsRoom/AttachmentNg/2625b203-5165-4c35-a2b5-6b0859909d32

TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company” or “Consolidated Uranium”) (TSXV: CUR) (OTCQB: CURUF) is pleased to provide the following update on the option agreement (the “Option Agreement”) with IsoEnergy Ltd. (“IsoEnergy”) (TSXV: ISO) that was originally announced on July 16, 2020, providing CUR with the option to acquire a 100% undivided interest in the Mountain Lake uranium project (“Mountain Lake” or the “Property”) located in Nunavut, Canada.

Following receipt of shareholder approval of the Option Agreement at the Company's annual and special meeting of shareholders held on June 29, 2021, the TSXV Venture Exchange (“TSXV”) conditionally approved the Option Agreement which has become effective as of August 3, 2021. As a result of the Option Agreement having been made effective and in accordance with the terms thereof, CUR will deliver initial consideration to IsoEnergy comprised of (i) 900,000 common shares in the capital of the Company (the “Common Shares”) at a deemed price of $1.99 per share (being the five-day volume weighted average price (“VWAP”) of the Common Shares up to July 29, 2021, the second last trading day immediately prior to the effective date of the Option Agreement), and (ii) a cash payment of $20,000.

Terms of the Option Agreement

Under the terms of the Option Agreement, the option is exercisable at the Company’s election on or before the second anniversary of the effective date of the Option Agreement, upon payment of $1,000,000 payable in cash or Common Shares at a price per share equal to the five-day VWAP of the Common Shares up to the second last trading day prior to the exercise date of the option and reimbursement of certain expenditures incurred by IsoEnergy on the Property. If the Company elects to exercise its option acquire the Property, IsoEnergy will also be entitled to receive the following contingent payments (the “Contingent Payments”), payable in cash or Common Shares at the election of CUR:

• If the uranium spot price reaches USD$50, IsoEnergy will receive a one-time payment of $410,000;
• If the uranium spot price reaches USD$75, IsoEnergy will receive a one-time payment of $615,000; and
• If the uranium spot price reaches USD$100, IsoEnergy will receive a one-time payment of $820,000.

The obligation of CUR to make the Contingent Payments will expire 10 years following the date the option is exercised. In the event that the first Contingency Payment has been paid by CUR upon the uranium spot price reaching USD$50, IsoEnergy will have the one-time option to elect to receive $205,000 in lieu of, and not in addition to, each of the second and the third Contingent Payments for a total aggregate amount of $410,000. If elected by IsoEnergy, such $410,000 will be payable at CUR’s option in cash or Common Shares at a price per share equal to the five-day VWAP of the Common Shares up to the second last trading day prior to the dated that CUR receives notice of the election by IsoEnergy.

All securities issued in connection with the Option Agreement are subject to final approval of the TSXV and will be subject to a hold period expiring four months and one day from the applicable date of issuance.

About Consolidated Uranium Inc.

Consolidated Uranium Inc. (TSXV: CUR) (OTCQB: CURUF) was created in early 2020 to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation. To date, the company has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina and the United States each with significant past expenditures and attractive characteristics for development. Most recently, the Company entered a transformational strategic acquisition agreement and alliance with Energy Fuels Inc (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, to acquire a portfolio of permitted, past-producing conventional uranium and vanadium mines in the Utah and Colorado. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning CUR as a near-term uranium producer.

Philip Williams
President and CEO
+1 778 383 3057
pwilliams@consolidateduranium.com

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

Cautionary Statement Regarding Forward-Looking Information.

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the final approval of the Agreement by the TSX Venture Exchange and other activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

MONTREAL, Aug. 04, 2021 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that a total of 2,517 metres of drilling has been completed to date on the Cheechoo gold property in Eeyou Istchee James Bay, Quebec. Visible gold was observed in ten instances in five of the nine definition diamond drill holes totalling 1,767 m. Two additional definition holes were drilled by reverse circulation (RC) for a total of 211 metres. To date, three exploration diamond drill holes have been completed for a total of 539 metres. The presence of visible gold, as well as the lithologies intersected, are in accordance with the expectations of Sirios' geologists and the modeling of the gold deposit.

Given the superior production rate of diamond drilling compared to reverse circulation drilling, Sirios' management decided to complete the remainder of the campaign by diamond drilling. The definition drill program will therefore continue by diamond drilling with Synee Drilling Inc. on the sites initially planned. The total number of meters to be drilled could be modified.

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

About the Cheechoo Property

The Cheechoo gold property, wholly-owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore gold mine. The latest resource estimate for the Cheechoo project (October 2020) estimated an inferred resource of 2.0 million ounces of gold contained in 93.0 million tonnes of rock at an average grade of 0.65 g/t Au, with significant potential to increase this resource.¹

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

About Sirios

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

Forward-Looking Statements:

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

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

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

¹ BBA, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) — C2C Gold Corp. (CSE: CTOC, OTCQB:CTCGF) (the “Company” or “C2C”) is pleased to announce it has entered into an option and joint venture agreement (the “JV Agreement”) with Buchans Resources Limited (“Buchans”) pursuant to which Buchans will grant C2C an option to acquire up to a 70% ownership interest in 364 mineral claims (91 km²) covering the Lake Douglas and South Tally properties, located in the Central Newfoundland Gold Belt, Canada. Both properties cover key fault structures considered prospective for orogenic-style gold mineralization.

To view C2C property maps and news holdings please visit: https://bit.ly/3xdsud9

The Lake Douglas and South Tally Properties

The Lake Douglas property (87 claims,21.75 km²) covers the on-strike trend of gold-bearing structures at Marathon Gold Corporation’s Valentine project, located 15 km on strike to the southwest. The Lake Douglas property is also located less than 5 km on strike from a number of gold prospects on adjacent mineral claims being explored by Canterra Minerals Corporation.Among the prospects located on Canterra’s adjacent property are several gold in bedrock targets, where previous drilling returned intercepts of 10.0 g/t Au over 5.35 m core length, including 49.9 g/t Au over 0.98 m (Antler Gold Inc. news release dated December 13, 2017). A soil sampling program completed by Buchans in 2018 over the northwestern portion of the Lake Douglas property returned several gold in soil anomalies. The areas of interest include several multi-station gold anomalies ranging up to 200 m in length with anomalous values up to 317 ppb Au (Buchans Resources news release dated December 14, 2018).

The South Tally property (277 claims,69.25 km²) is contiguous with the southeast boundary of C2C’s Barrens Lake property. The South Tally property has traditionally been explored for VMS-style base metal mineralization. It remains essentially unexplored for gold despite the property covering an area hosting anomalous gold values detected within several Newfoundland and Labrador Geological Survey’s regional geochemical datasets. In addition to the project’s gold potential, both Buchans and C2C are encouraged by the property’s potential to host new base metal discoveries, as the property covers a 20 km extension to the Tally Pond volcanic belt that hosts Teck Resources’ former Duck Pond mine, located less than 4 km on strike of the South Tally property.

Work Plan

C2C will work in cooperation with Buchans to compile and interpret the historical data for the properties. A comprehensive field program will be designed to integrate into C2C’s ongoing exploration work on the Badger, Millertown, and Barrens Lake properties.

Terms of the Agreement

The Option is comprised of an initial option (the “First Option”) to earn and acquire a 51% ownership interest in the Properties and a second option (the “Second Option”), in the event Buchans elects not to participate in the joint venture, to earn and acquire an additional 19% ownership interest in the Properties.

In order to exercise the First Option, the Company must within four years of the date of the JV Agreement issue 100,000 common shares of the Company to Buchans and incur or fund expenditures on the Properties in the total amount of $1,500,000 as follows:

• Year 1 – minimum expenditures of $200,000 on or prior to the date that is one year from the date of the JV Agreement, to maintain the Properties in good standing, including the reimbursement to Buchans payable on the date of the JV Agreement for a bond in the amount of $69,250 posted with the Newfoundland Government on certain claims;

• Year 2 – minimum expenditures of $300,000 on or prior to the date that is two years from the date of the JV Agreement;

• Year 3 – minimum expenditures of $400,000 on or prior to the date that is three years from the date of the JV Agreement; and

• Year 4 – minimum expenditures of $600,000 on or prior to the date that is four years from the date of the JV Agreement.

Upon completion of the First Option, the parties will thereafter participate in a joint venture of which the Company will own 51% and Buchans will own 49%. If Buchans declines to participate in a joint venture, the Company will have the right to exercise the Second Option. In order to exercise the Second Option, the Company must incur or fund additional expenditures in the minimum amount of $1,000,000 on the Properties on or prior to the date that is five years from the date of the JV Agreement.

As Buchan’s is a base metal-focused company the Agreement contains a provision where if a base-metal dominant area is identified, then a project area would be defined and Buchans would become operator of the base metal project on a 70% Buchans/30% C2C joint venture.

Dilution of either party’s joint venture interest to below 10%, will result in that party’s joint venture interest converting to a 2% net smelter return royalty (the “NSR”), of which the majority joint venture interest owner will have the option to buy back half of the NSR in consideration for $1,500,000.

About Buchans Resource Corp.
Buchans Resources currently holds interests in zinc, lead, silver properties located in Newfoundland; gold properties in Newfoundland and in Labrador; nickel, copper, cobalt properties in Labrador, and indirectly through its shareholding in Xtierra Inc. (TSXV-XAG), in base metal and silver projects in Mexico, and, through its shareholding in Minco Exploration plc, in base metal exploration licences in Ireland.

About C2C Gold Corp.
C2C is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company holds the Badger, Millertown, and Barrens Lake projects, which cumulatively cover an area of more than 1,170 km² with road access and proximity to communities and power lines. C2C also holds a portfolio of projects within the prolific White Gold and Klondike districts in Canada’s Yukon.

Technical information in this news release has been approved by Lori Walton, P. Geo., CEO and Director of C2C Gold Corp. and Qualified Person as defined by National Instrument 43-101. Management cautions that past results or discoveries on properties in proximity to Lake Douglas and South Tally may not necessarily be indicative of mineralization on the properties.

For additional information:
Lori Walton, Chief Executive Officer
(604) 757-7180
info@c2cgold.com www.c2cgold.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as “expected”, “will be”, “anticipated”, “may” or variations of such words and phrases or statements that certain actions, events or results “will” occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward looking statements in this news release include but are not limited to: the structure of the Option; the exercise of the Option; and the completion of the Joint Venture. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Wall Street expects a year-over-year increase in earnings on higher revenues when EnerSys (ENS) reports results for the quarter ended June 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 11, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This maker of industrial batteries is expected to post quarterly earnings of $1.20 per share in its upcoming report, which represents a year-over-year change of +30.4%.

Revenues are expected to be $815.1 million, up 15.6% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for EnerSys?

For EnerSys, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that EnerSys will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that EnerSys would post earnings of $1.28 per share when it actually produced earnings of $1.30, delivering a surprise of +1.56%.

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

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

EnerSys doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Enersys (ENS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

TULSA, Okla., August 04, 2021–(BUSINESS WIRE)–Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that Charles R. Wesley, Executive Vice President and Director of ARLP's general partner, has retired effective July 31, 2021. Mr. Wesley joined the Company in 1974 when he began working for Webster County Coal Corporation as an engineering co-op student, and rose through the ranks to become Senior Vice President – Operations in 1996, where he served until joining the Board of Directors in 2009 while also serving as Executive Vice President.

In recognition of Mr. Wesley's service to the Company and to continue to benefit from his counsel following his retirement, the Board designated Mr. Wesley with the honorary title of Director Emeritus, effective immediately following his retirement. As Director Emeritus, Mr. Wesley may attend Board and Board Committee meetings in an advisory capacity but will not vote on Board matters and will not be compensated.

"Charlie Wesley has been an important member of the Alliance team his entire career," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Charlie's leadership over the years has been invaluable to the growth and success enjoyed by ARLP. Perhaps most importantly, Charlie's enthusiasm and work ethic became engrained in the Alliance culture, influencing leaders throughout our organization. He has our deepest appreciation and gratitude for his many contributions, and I am pleased he will remain part of our team as Director Emeritus."

The vacancy on the Board created by Mr. Wesley's retirement has not yet been filled.

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basin.

ARLP currently produces coal from seven mining complexes its subsidiaries operate in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.

In addition, ARLP also generates income from a variety of other sources.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at investorrelations@arlp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005722/en/

Contacts

Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673

By Steven Ralston, CFA

OTC:DYLLF | ASX:DYL.AX

READ THE FULL DYLLF RESEARCH REPORT

The goal of Deep Yellow’s management is for the company to become a Tier I multi-jurisdictional uranium producer during the current uranium up-cycle. Management is pursuing activities that will support the completion of a DFS (Definitive Feasibility Study), including an objective of achieving a +20-year LOM operation, up from the 11 ½ years in the PFS.

The company has recently announced that the infill drilling at Tumas 3 has converted 117% of the existing Inferred Resource to the Indicated Resource category. In addition, Deep Yellow has submitted an EIA Scoping Report and filed a MLA (Mining License Application) with the Namibian Ministry of Mines and Energy (MME).

Several other highly significant milestones have been achieved over the last six months that support the EIA Scoping Report, MLA and the ongoing preparation of a DFS.

A multi-phase infill drilling program was completed over area of Tumas 3 (West, Central & East) which was comprised of a 17,679-meter campaign that consisted of 911 RC holes. The initial focus was on Tumas 3 East, and then the program moved to Tumas 3 Central & West. The infill drilling program targeted the lateral extensions of the Tumas 3 deposits. Drill holes were surveyed with down-hole radiometric gamma logging providing data to confirm grade continuity across the drilled areas, which is exemplified by the GT interval (grade x thickness) map below.

Estimated Mineral Resources of Tumas 3

The drilling program at Tumas 3 contributed to a significant upgrade of the company’s estimated resources. The Tumas 3 deposit now has estimated Indicated & Inferred Resources of 59.9 million lbs. U₃0₈ grading at 308ppm uranium, of which 54.9 million lbs. is classified as Indicated at 320ppm uranium. The infill drilling program upgraded 117% of prior existing Inferred Resources to the Indicated category.

Estimated Measured and Indicated Mineral Resources of Tumas Project (1, 2 & 3)

Consequently, Total Measured and Indicated Resources for Tumas Project (Tumas 1, Tumas 2 & Tumas 3 deposits) have been upgraded in quality through the recent infill drilling program. The estimated Tumas resource base now estimated to be 79.1 million lbs. U₃0₈ at 271ppm, up 508% from the estimated Measured & Indicated Resources of 13.0 million lbs. U₃0₈ in October 2016 (when the current management took charge).

Total Estimated Mineral Resources of Tumas Project (1, 2 & 3)

The Tumas palaeo-channel system continues to be highly prospective and is management’s major focus within the Reptile Project, along with the channel’s continuation to the Tumas deposit and beyond to the west. Through exploration activities and drilling campaigns, the estimated total resources (Measured, Indicated and Inferred) at the Tumas 1, 2 and 3 deposits have increased 756% from 13.3 million lbs. U₃0₈ in 2016 (when the current management took charge) to 113.9 million lbs. U₃0₈ today.

Total Estimated Mineral Resources of Deep Yellow

Since 2016 (when current management took charge), the company’s exploration campaigns have increased its estimated Total Resources (Measured, Indicated & Inferred) by 109% from 93.8 million lbs. U₃0₈ in 2016 to 195.8 million lbs. U₃0₈ in July 2021. Importantly, infill drilling programs have increased Indicated Resources by 196% through the discovery of additional Indicated Resources and the conversion of Inferred Resources to the Indicated category.

Only 60% of the known palaeochannel system has been drilled. An additional 50 kilometers remains to be tested. The expanded resource base is expected to help support management’s 20-year LOM target.

Definitive Feasibility Study (DFS)

The DFS for the Tumas Project is progressing as work continues on the economic feasibility of mining the calcrete-associated palaeochannel uranium deposits, pit optimization studies and additional metallurgical optimization test work. Results of these trade-off and optimization studies are expected to be announced periodically during the second half of 2021.

Environmental Impact Assessment

Baseline studies on groundwater, radiological, air quality, and flora & fauna conditions were completed for the Environmental Impact Assessment (EIA) during the first half of 2021. Thereafter, the EIA Scoping Report for the Tumas Project was delivered to the relevant agencies of the Namibian Government on July 15, 2021. The submission (and approval) of an EIA is required before the Environmental Commissioner can issue an Environmental Clearance Certificate (ECC), which is a requirement for a Mining License.

Mining License

On July 21, 2021, Deep Yellow filed a Project Mining License Application with the Namibian Ministry of Mines and Energy (MME) for the Tumas Project area. As part of the process, the MME will require submission of the DFS on the Tumas Project, an Environmental Impact Assessment (EIA) and an Environmental Management Plan (EMP). Once an Environmental Clearance Certificate (ECC) is granted by the Ministry of Environment, Forestry and Tourism, Mining License (MLA 237) can be granted by the MME. The process is expected to require 18 months to complete.

Effective May 27, 2021, Deep Yellow Limited was added to the MSCI (Morgan Stanley Capital International) Global Market Cap Index as part of MSCI’s semi-annual rebalancing procedure. Consequently, Deep Yellow was also added to the Australia Micro-Cap Index. Many professional portfolio managers and mutual funds benchmark to these indices. 95 of the world’s 100 largest money managers are clients of MSCI’s indices database and analytics. Consequently, the shareholder base of Deep Yellow should broaden, and the stock should experience greater liquidity. In addition, the inclusion of the company’s stock into these two indices should expand awareness of Deep Yellow among investors, both retail and institutional.

Deep Yellow has achieved a series of highly significant milestones during calendar 2021.

1) In February 2021, a positive Pre-Feasibility Study (PFS) was completed on the Tumas Project, aka the Reptile Project, including a Maiden Reserve for the Project

2) Work on the Definitive Feasibility Study commenced in February 2021 with an expected completion date by the end of calendar 2022

a. A multi-phase drilling program is focused on

i. converting Inferred Resources to Indicated Resource JORC status

ii. defining the boundaries of the Tumas 3 deposit, a generally east-west trending, calcrete-type palaeochannel system

iii. expanding the Life of Mine (LOM) from 11.5 years (defined by the PFS) to at least 20 years in the upcoming DFS with an anticipated annual production rate of approximately 3.0 million pounds

b. 17,679-meter infill drilling program consisting of 911 RC holes at Tumas 3 completed

i. Phase 1: 6,987-meter infill drilling program consisting of 445 RC holes at Tumas 3 East was completed on April 28, 2021

ii. Phase 2a: 7,634-meter infill drilling program at Tumas 3 Central consisting of 359 RC holes was completed on May 27, 2021

iii. Phase 2b: 3.058-meter infill drilling program at Tumas 3 West consisting of 107 RC holes was completed on June 18, 2021

c. An intermediate, updated Mineral Resource Estimate for Tumas 3 was announced on July 29, 2021.

i. 2021 infill drilling program at Tumas 3 converted 117% of the existing Inferred Resource to the Indicated Resource category

ii. an additional 5.7 million pounds of Indicated Mineral Resources were identified from peripheral zones

iii. total Indicated Resource now estimated to be 54.9 million pounds eU3O8 (at 320 ppm) versus prior estimate of 28.4 million pounds (at 299ppm)

d. Currently, a RC drilling program at Tumas 1 East is in process

3) NOVA JV

a. 3,213-meter drilling campaign at the Barking Gecko Project completed on March 30, 2021

i. Two highly prospective zones identified

1. Barking Gecko North: 2 km by 1 km (open to the east, SE and at depth)

2. Barking Gecko South: 4 km by 0.5 km (open to the NW and SE)

b. Deep Yellow, JOGMEC and Toro agreed to a 12-month program with a budget of AUD$1.1 million.

i. Phase 1: 14-hole, 3,500-meter RC drilling program ($580,000) to follow up on the encouraging results above. Drilling commenced on July 12^th and is expected to be completed in August.

4) Successful completion of financings to fund management’s dual-pillar growth strategy, namely advancing the Tumas Project to production and becoming a multi-jurisdictional producer

a. The completion of a AUD$ 40.8 million private placement (62,768,803 ordinary shares at AUD$0.65 per share) in February 2021

b. An oversubscribed Share Purchase Plan was completed in late March 2021. Gross proceeds were approximately AUD$2.00 million

c. In June 2022, options exercisable at $0.50 expired. The exercise of some of these options provided approximately AUD$3.28 million

d. As of June 30, 2021, the company’s cash balance was AUD52.4 million (US$ 38.5 million) compared to AUD$51.3 million as of March 31, 2021.

e. The net proceeds plus cash on hand will be utilized

i. to fund drilling programs

ii. to complete the DFS on the Tumas Project

iii. to pursue acquisitions/ mergers

We expect that management will deliver on its plan to become a tier-one uranium producer with an annual operating capacity of 5-to-10 million lbs. of U308, both through organic growth by means of developing its Namibian projects and through acquiring and developing additional uranium projects located in other jurisdictions.

Valuation

Broadly speaking, the public uranium companies can be grouped into three segments: producers, development companies and exploration companies. Producers are actively mining and generating revenues. Exploration companies are prospecting and/or drilling to establish mineral resources. In between these two segments are the development companies that already have established resources and are advancing through the process to bring a mine in operation, generally from the point of initiating a Pre-Feasibility Study to the actual construction of a mine. The comparable companies to Deep Yellow fall into this category.

Further, the comparable companies have been narrowed through quantitative factors, particularly those with a market capitalization over $100 million and trading above $0.30 per share. This process captures a range of well-funded junior uranium development companies. Currently, the P/B valuation range of these comparable companies is between 0.9 and 8.9. With the expectation that Deep Yellow’s stock will attain a mid-second quartile P/B ratio of 6.09, our comparable analysis valuation price target is US$1.29.

SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR.

DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks provides and Zacks receives quarterly payments totaling a maximum fee of $40,000 annually for these services. Full Disclaimer HERE.

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Australia United Mining Limited (ASX:AYM), you may well want to know whether insiders have been buying or selling.

What Is Insider Selling?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, most countries require that the company discloses such transactions to the market.

Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.

Check out our latest analysis for Australia United Mining

The Last 12 Months Of Insider Transactions At Australia United Mining

Over the last year, we can see that the biggest insider purchase was by insider Chao Ma for AU$200k worth of shares, at about AU$0.006 per share. We do like to see buying, but this purchase was made at well below the current price of AU$0.009. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid AU$239k for 38.23m shares. But insiders sold 33.33m shares worth AU$200k. In total, Australia United Mining insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Australia United Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insiders at Australia United Mining Have Bought Stock Recently

There was some insider buying at Australia United Mining over the last quarter. Non-Executive Director Jia Yu bought AU$39k worth of shares in that time. We like it when there are only buyers, and no sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.

Insider Ownership of Australia United Mining

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Australia United Mining insiders own about AU$6.6m worth of shares (which is 40% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Australia United Mining Tell Us?

We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Australia United Mining insiders feel good about the company's future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 3 warning signs we've spotted with Australia United Mining (including 2 which are concerning).

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

(Bloomberg) — Vale SA may have finally resolved a strike at its Sudbury complex, but don’t expect it to resume nickel and copper production anytime soon.

After a wage deal with workers ended the two-month stoppage, Vale outlined a return-to-production schedule that won’t see the Canadian facility fully up and running again until next quarter. Maintenance underway at the mines and plants will be completed, with the ramp-up beginning in September, the Rio de Janeiro-based company said Wednesday in an emailed response to questions.

While staff will return to work next week, the complex nature of restarting smelters and refineries may keep pressure on the metals markets. Sudbury is one of the few producers of nickel pellet, which is used to make alloys for the aerospace, electronic and nuclear industries. The disruption has driven consumers to tap battery-grade nickel briquette as an alternative, raising its premium and shortening inventories.

Vale is looking to steady its base metals ship after a poor performance last quarter that prompted the world’s largest commercial producer of nickel to discontinue annual production guidance. On a call with analysts last week, Chief Executive Officer Luciano Siani predicted a “challenging” third quarter at Sudbury even if the strike ended quickly.

Besides monetary sweeteners, the new contract preserves retiree health benefits for future hires as well as paying each worker a $3,500 signing bonus and $2,500 for their efforts in the pandemic.Post-retirement benefits had been a sticking point in the talks as Vale looks to contain costs and overhaul operations with an eye on the demanding battery market.

“We have many opportunities ahead of us, with the growing electric vehicle market,” Dino Otranto, chief operating officer of North Atlantic operations, said in a statement. “The nickel, copper and cobalt we produce are critical metals to achieving a low carbon future.”

More stories like this are available on bloomberg.com

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TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its second quarter (Q2) and first half (H1) results for the period ended June 30^th, 2021.

• Our operations delivered strong production results in line with our expectations, and we are on track to meet our 2021 production guidance of 141,000 to 160,400 GEOs.

• We continue to execute on our turnaround strategy and have made significant progress both from an operational and a financial perspective (see Tables 1-3 below). We expect this trend to continue to the remainder of 2021, as the Froome mine at the Fox Complex reaches commercial production in Q4.

• On July 6, 2021, we announced that a subsidiary that holds 100% of the Los Azules copper project will be raising financing for the continued development of that project, as well as to fund a modest exploration program for its Elder Creek copper exploration property in Nevada. McEwen Copper is seeking to raise up to $80 million in a private offering and Rob McEwen has committed the first $40 million dollars.

• Our quarterly webcast will take place on Thursday, August 5^th at 2 pm EDT. Please see the details below.

Table 1. Production and costs Q2 & H1 2021 ended June 30^th, 2021 compared Q2 & H1 2020

Table 2. Liquidity at June 30^th, 2021 and December 31^st, 2020

Table 3. Financial results Q2 & H1 2021 ended June 30^th, 2021 compared Q2 & H1 2020

Operations Update

Gold Bar Mine, USA (100% Interest)

Gold Bar produced 14,100 GEOs in Q2 at total cash costs⁽²⁾ and all-in sustaining costs (AISC)⁽²⁾ of $1,463 and $1,619 per GEO sold, respectively. This compares to 6,100 GEOs in Q2 2020 at total cash costs and AISC of $1,772 and $2,462 per GEO, respectively. The cost decrease is driven by the increase in production and by the significant operational improvements we have been continuing to work through over the past year. We expect to see this trend continue into the second half of 2021.

Exploration is focusing on testing near-mine targets and further defining oxide resources on the neighboring Tonkin property. During the quarter we incurred exploration expenses of $1.3 million of a total $5.0 million budget for 2021.

Fox Complex, Canada (100% Interest)

Black Fox produced 7,100 GEOs in Q2 at total cash costs and AISC of $917 and $1,088 per GEO sold, respectively. This compares to 2,200 GEOs in Q2 2020 at total cash costs and AISC of $3,121 and $3,332 per GEO, respectively. Mining has transitioned to the Froome deposit and is performing to plan, commercial production expected in Q4 2021.

We remain focused on our principal exploration goal of cost-effectively discovering and extending gold deposits adjacent to our existing operations to contribute to near-term gold production. During the quarter we incurred exploration expenses of $3.5 million of a total $9.0 million budget for 2021.

A Preliminary Economic Assessment (PEA) to expand the production from the Fox Complex is expected to be released in the second half of the year, following additional drilling and resource estimate updates at the Stock and Grey Fox properties.

San José Mine, Argentina (49% Interest)

Our attributable production from San José in Q2 was 9,300 gold ounces and 607,000 silver ounces, for a total of 18,200 GEOs⁽³⁾. For Q2, total cash costs and AISC were $1,105 and $1,500 per GEO sold, respectively. This compares to 9,000 GEOs in Q2 2020 at total cash costs and AISC of $1,280 and $1,476 per GEO, respectively. In Q2 2020, operations at San José were adversely impacted by government-imposed COVID-19 restrictions.

We received $2.6 million and $7.6 million in dividends in Q2 and H1, respectively, compared to $0.3 million dividends received during the same periods in 2020.

El Gallo Project, Mexico (100% Interest)

In Q2, El Gallo produced 1,300 GEOs from residual leaching of the heap leach pad. Incremental residual leaching cost for the period was $2.7 million⁽⁴⁾. The residual leaching activities at El Gallo are expected to wind down in early 2022.

Los Azules Copper Project, Argentina (100% Interest)

On July 6, 2021, we announced the formation of a wholly-owned subsidiary to hold the Los Azules Copper project (“McEwen Copper”) and to raise financing to advance the project to a preliminary feasibility study and to construct a road to the project providing year-round access compared to the current 5-month seasonal access window. McEwen Copper will hold the Los Azules assets as well as the Elder Creek exploration project in Nevada. McEwen Copper is seeking to raise up to $80 million in a private offering.

Table 4 below provides production and cost results for Q1, Q2 and H1 2021 and comparative results from 2020:

Notes:

1. Gold Equivalent Ounces (GEOs) are calculated based on a gold to silver price ratio of 68:1 for Q1 and Q2 2021, 94:1 for Q1 2020, 104:1 for Q2 2020, and 75:1 for full year 2021 Production Guidance.

2. Cash gross profit, cash costs per ounce, all-in sustaining costs (AISC) per ounce, and liquid assets are non-GAAP financial performance measures with no standardized definition under U.S. GAAP. For a description of the non-GAAP measures see "Non-GAAP Financial Measures" section in this press release; for the reconciliation of the non-GAAP measures to the closest U.S. GAAP measures, see the Management Discussion and Analysis for the year ended December 31^st, 2020 filed on EDGAR and SEDAR.

3. Represents the portion attributable to us from our 49% interest in the San José Mine.

4. Both cash costs and AISC per GEO no longer represent key metrics used by management to evaluate residual leaching at the El Gallo Project. For this reason, the Company has ceased relying on, and disclosing, cash costs and all-in-sustaining costs per ounce as a key metric.

For the SEC Form 10-Q Financial Statements and MD&A refer to: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000314203

Conference Call and Webcast

Management will discuss our Q2 2021 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast.

The webcast will be archived on McEwen Mining's website at https://www.mcewenmining.com/media following the call.

COVID-19
All our operations have implemented rigorous health and safety measures to prevent the spread of the COVID-19 virus. Currently, the COVID-19 pandemic is not materially affecting our operations, or our future plans and objectives.

Reliability of Information Regarding San José
Minera Santa Cruz S.A., the owner of the San José Mine, is responsible for and has supplied to the Company all reported results from the San José Mine. McEwen Mining's joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this release.

Technical Information
The technical contents of this news release have been reviewed and approved by G. Peter Mah, P.Eng., COO of McEwen Mining and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects."

CAUTIONARY NOTE REGARDING NON-GAAP MEASURES
In this release, we have provided information prepared or calculated according to United States Generally Accepted Accounting Principles ("U.S. GAAP"), as well as provided some non-U.S. GAAP ("non-GAAP") performance measures. Because the non-GAAP performance measures do not have any standardized meaning prescribed by U.S. GAAP, they may not be comparable to similar measures presented by other companies.

Cash Costs and All-in Sustaining Costs
Cash costs consist of mining, processing, on-site general and administrative costs, community and permitting costs related to current operations, royalty costs, refining and treatment charges (for both doré and concentrate products), sales costs, export taxes and operational stripping costs, and exclude depreciation and amortization. All-in sustaining costs consist of cash costs (as described above), plus accretion of retirement obligations and amortization of the asset retirement costs related to operating sites, sustaining exploration and development costs, sustaining capital expenditures, and sustaining lease payments. Both cash costs and all-in sustaining costs are divided by the gold equivalent ounces sold to determine cash costs and all-in sustaining costs on a per ounce basis. We use and report these measures to provide additional information regarding operational efficiencies on an individual mine basis, and believe that these measures provide investors and analysts with useful information about our underlying costs of operations. A reconciliation to production costs applicable to sales, the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended June 30, 2021.

Cash Gross Profit
Cash gross profit is a non-GAAP financial measure and does not have any standardized meaning under GAAP. We use cash gross profit to evaluate our operating performance and ability to generate cash flow; we disclose cash gross profit as we believe this measure provides valuable assistance to investors and analysts in evaluating our ability to finance our ongoing business and capital activities. The most directly comparable measure prepared in accordance with GAAP is gross profit or loss. Cash gross profit is calculated by adding back the depreciation and depletion expense to gross profit or loss. A reconciliation to gross profit, the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended June 30, 2021.

Liquid assets
The term liquid assets used in this report is a non-GAAP financial measure. We report this measure to better understand our liquidity in each reporting period. Liquid assets is calculated as the sum of the Balance Sheet line items of cash and cash equivalents, restricted cash and investments, plus ounces of doré held in precious metals inventories valued at the London PM Fix spot price at the corresponding period. A reconciliation to the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended June 30, 2021.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

This news release and the information included herein do not constitute an offer to buy or the solicitation of an offer to subscribe for or to buy any of the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc.

ABOUT MCEWEN MINING

McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina.

Plains All American Pipeline, L.P. PAA reported second-quarter 2021 adjusted earnings of 23 cents per unit, which lagged the Zacks Consensus Estimate by a penny. The bottom line also declined 8% from the year-ago figure.

For the quarter under review, the partnership reported GAAP loss of 37 cents per unit against earnings of 13 cents in the year-ago period.

Total Revenues

Total revenues of $9,930 million surpassed the Zacks Consensus Estimate of $7,595 million by 30.7%. Further, the top line improved 207.9% from $3,225 million reported a year ago.

Plains All American Pipeline, L.P. Price, Consensus and EPS Surprise

Plains All American Pipeline, L.P. price-consensus-eps-surprise-chart | Plains All American Pipeline, L.P. Quote

Highlights of the Release

For the quarter under review, Plains All American’s total costs and expenses were $10,166 million, up 237.1% year over year. This increase was owing to higher purchases and related costs.

Total adjusted EBTIDA for the quarter was $579 million, up 10.5% from the year-ago period.

During the quarter, the Transportation segment’s total volumes were 6,248 thousand barrels per day (Mbls/d) compared with 5,914 Mbls/d in the prior-year period.

Net interest expenses decreased 0.9% year over year to $107 million.

Segmental Performance

In the Transportation segment, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $433 million increased 25.1% from the year-ago figure, primarily due to lower tariff volumes in multiple areas served driven by the impact of excess pipeline capacity in most regions of the country.

In the Facilities segment, adjusted EBITDA summed $140 million, down 19.5% from the year-ago figure. This fall was primarily due to the impact of asset sales and reduced NGL intersegment fee structure based on market conditions.

The Supply and Logistics segment reported adjusted EBITDA of $5 million against ($8) million in second-quarter 2020.

Financial Update

As of Jun 30, 2021, current assets were $5,676 million compared with $3,665 million at 2020-end.

As of Jun 30, 2021, Plains All American had a long-term debt of $8,389 million compared with $9,382 million on Dec 31, 2020.

As of the same date, its long-term debt-to-total book capitalization was 47%, down from 49% at 2020-end.

Guidance

Plains All American expects 2021 adjusted net income to be 96 cents per unit. The partnership’s 2021 adjusted EBITDA expectation is $2,175 million.

Plains All American expects average daily volumes in Transportation and Supply and Logistics segments to be 6,050 Mbls/d and 1,400 Mbls/d, respectively.

Zacks Rank

Plains All American currently carries a Zacks Rank #4 (Sell).

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

Other Releases

Devon Energy Corp. DVN reported second-quarter 2021 adjusted earnings of 60 cents, beating the Zacks Consensus Estimate of 53 cents per share by 13.2%.

CNX Resources Corporation CNX reported second-quarter 2021 adjusted earnings of 18 cents per share, which lagged the Zacks Consensus Estimate of 25 cents by 28%.

Continental Resources CLR reported second-quarter 2021 adjusted earnings of 91 cents, beating the Zacks Consensus Estimate of 57 cents per share by 59.6%.

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RADNOR, Pa., Aug. 04, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Piedmont Lithium Inc. f/k/a Piedmont Lithium Limited (NASDAQ: PLL) (“Piedmont”) on behalf of those who purchased or acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the “Class Period”).

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

Piedmont engages in the exploration and development of resource projects. Piedmont primarily holds a 100% interest in a lithium project covering 2,322 acres in the North Carolina. Throughout the Class Period, Piedmont informed investors regarding its plan for completing necessary permitting and zoning activities required to commence mining and processing operations in North Carolina.

The truth began to emerge on July 20, 2021. Before market hours, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors” which reported the following, in pertinent part, regarding Piedmont’s regulatory issues in North Carolina: (1) Piedmont had not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so; (2) five of the seven members of the county’s board of commissioners, who control zoning changes, said they may block or delay the project; and (3) Piedmont had been set to meet with commissioners in March, but canceled with three days’ notice, further straining the relationship.

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

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Piedmont had not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business did not have “strong local government support”; and (5) as a result, the defendants’ public statements were materially false and/or misleading at all relevant times.

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

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

CONTACT:

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

PHILADELPHIA, Aug. 4, 2021 /PRNewswire/ —

FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, announced its goal to achieve net-zero greenhouse gas (GHG) emissions by 2035. The company will use science-based targets aligned with keeping the global temperature at 1.5°C above pre-industrial times.

"FMC's net-zero emissions target is a bold step in our continuing commitment to sustainable innovation and operations," said Karen Totland, FMC vice president and chief sustainability officer. "We are engaging key organizations across our company—including Manufacturing, Supply Chain, Environment, Health and Safety, Procurement and R&D—to improve efficiencies, invest in renewable energy sources and engage with third-party suppliers to reduce their emissions. We are proud to build on FMC's past successes in energy and resource reduction, and look forward to working together with suppliers and other partners to achieve this ambitious goal."

The company has committed to set science-based targets through the Science Based Targets initiative (SBTi), a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). SBTi defines and promotes best practices in emission reduction and net-zero targets, and provides technical assistance and expert resources to companies like FMC that set science-based targets in line with climate science.

FMC will pursue carbon neutral operations through emission Scopes 1, 2 and 3 as defined by the GHG Protocol. Scope 1 includes direct emissions from company-owned and controlled resources, such as production facilities and automobile fleets. Scope 2 focuses on indirect emissions, which are typically from the generation of energy that is purchased from a utility provider. Scope 3 includes indirect upstream and downstream emissions within a company's value chain that are not included in Scope 2. Scope 3 covers broad areas, including business travel, employee commuting, emissions from the production of goods and services purchased by the company, and emissions associated with the distribution and transportation of goods to and from suppliers and customers, to name a few.

"As a leader in the global agricultural industry, we see firsthand the impact climate change has on farmers and the world's food supply," Totland added. "We have an obligation to meet climate challenges head on and to find solutions that benefit all of our stakeholders."

To learn more about sustainability at FMC and to read the company's latest sustainability report, Resilient Ready, visit fmc.com/sustainability.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically without compromising safety or the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn^® and Twitter^®.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2020 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-announces-net-zero-greenhouse-gas-emissions-by-2035-301347642.html

SOURCE FMC Corporation

• Detailed mapping and channel sampling has highlighted an extended mineralized zone.

• Drilling to start by mid-August.

Vancouver, British Columbia–(Newsfile Corp. – August 4, 2021) – Mountain Boy Minerals Ltd (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") announces that detailed mapping as well as channel sampling on the BA project is underway in support of drilling which is anticipated to begin before month-end.

The BA Project is a 10,658-hectare project located in the Golden Triangle of British Columbia. The project lies 18 kilometres north-east of Stewart and the paved highway 37A and a high voltage electrical transmission line run through the northern end of the property through the Bear River valley. The project is located 29 kilometres by road to the deep-water seaport in Stewart.

The upcoming drill program targets the northern extension of the mineralized horizon that was drilled between 2007 and 2010. The historic drilling delineated substantial near surface silver-lead-zinc mineralization extending over 610 metres striking NNE. Since the historic drilling, receding glaciers at the northern end of the zone have exposed further mineralization at surface. This mineralization has now been sampled in three channel sampling campaigns extending the zone of mineralization to at least 700 metres.

Select results from the previous channel sampling programs are listed in Table 1 below.

Table 1- Select results from channel sampling programs on the northern extension of the Barbara Zone.

American Creek Project Update

Drilling began on the 27^th of July on the American Creek project. The drill has now completed 5 holes off the first drill pad targeting the High-Grade zone. The drill is being moved to the second pad, targeting the High-Grade extension, located 300 metres to the north.

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

1. The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.

2. On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Work this year is aimed at extending that zone.

3. Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.

4. On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).

5. Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc.

6. The Telegraph project, acquired in May 2021, has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle.

Mountain Boy is funded for the coming field season and plans to advance these projects, including drilling on select project(s).

The technical disclosure in this release has been read and approved by Andrew Wilkins, B.Sc., P.Geo., a qualified person as defined in National Instrument 43-101.

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Nancy Curry
VP Corporate Development
(604) 220-2971

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

This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92003

Calgary, Alberta–(Newsfile Corp. – August 4, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce an initial tranche closing of its previously announced placement offering of units (the "Units") for gross proceeds of CAD$116,457.25 (the "Closing").

On the Closing, the Company issued 332,735 Units, being comprised of 332,735 common shares in the capital of the Company (the "Common Shares") and 83,183 Common Share purchase warrant (the "Warrants"). One (1) full Warrant, together with CAD$0.45, will entitle the holder thereof to acquire one (1) additional Common Share of the Company for a period of twelve (12) months from the date of Closing. The Warrants will not be listed on the TSX Venture Exchange.

About West High Yield

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

Contact Information:

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

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92096