Wall Street expects a year-over-year increase in earnings on higher revenues when Alexco Resource (AXU) 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 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 mining company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +300%.

Revenues are expected to be $19.39 million, up 2977.8% 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 Alexco Resource?

For Alexco Resource, 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 Alexco Resource will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. 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 Alexco Resource would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

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.

Alexco Resource 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

Alexco Resource Corp (AXU) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We can see that Pan American Silver Corp. (TSE:PAAS) does use debt in its business. But should shareholders be worried about its use of debt?

When Is Debt Dangerous?

Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return. When we think about a company's use of debt, we first look at cash and debt together.

See our latest analysis for Pan American Silver

What Is Pan American Silver's Net Debt?

You can click the graphic below for the historical numbers, but it shows that Pan American Silver had US$20.8m of debt in March 2021, down from US$280.8m, one year before. But on the other hand it also has US$206.4m in cash, leading to a US$185.6m net cash position.

How Healthy Is Pan American Silver's Balance Sheet?

Zooming in on the latest balance sheet data, we can see that Pan American Silver had liabilities of US$324.8m due within 12 months and liabilities of US$454.5m due beyond that. On the other hand, it had cash of US$206.4m and US$139.1m worth of receivables due within a year. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$433.8m.

Of course, Pan American Silver has a market capitalization of US$5.87b, so these liabilities are probably manageable. However, we do think it is worth keeping an eye on its balance sheet strength, as it may change over time. Despite its noteworthy liabilities, Pan American Silver boasts net cash, so it's fair to say it does not have a heavy debt load!

Better yet, Pan American Silver grew its EBIT by 122% last year, which is an impressive improvement. If maintained that growth will make the debt even more manageable in the years ahead. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Pan American Silver's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.

But our final consideration is also important, because a company cannot pay debt with paper profits; it needs cold hard cash. While Pan American Silver has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. During the last two years, Pan American Silver generated free cash flow amounting to a very robust 91% of its EBIT, more than we'd expect. That positions it well to pay down debt if desirable to do so.

Summing up

While it is always sensible to look at a company's total liabilities, it is very reassuring that Pan American Silver has US$185.6m in net cash. And it impressed us with free cash flow of US$207m, being 91% of its EBIT. So we don't think Pan American Silver's use of debt is risky. Another factor that would give us confidence in Pan American Silver would be if insiders have been buying shares: if you're conscious of that signal too, you can find out instantly by clicking this link.

If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

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.

7.5 Meters of Quartz Veins Intersected Visible Gold Throughout

Golden Promise Gold Project – Central Newfoundland

VANCOUVER, BC / ACCESSWIRE / August 4, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the fourth and fifth holes (GP-21-152 and GP-21-153) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. The holes were completed at the Jaclyn Main Zone, both being definition holes. Visible gold is present at two locations within GP-21-153, hosted in quartz veins.

Quartz Veined Interval in GP-21-153 with Visible Gold

Both GP-21-152 and GP-21-153 were drilled within the west region of the Jaclyn Main Zone (JMZ), being part of the Company's Phase 2 drilling program. The western part of the JMZ gold bearing quartz vein system is reported to strike slightly northeast and dip steeply to the southeast.

Drill hole GP-21-152 was drilled slightly northwest at an approximate 60-degree dip, approximately 20 meters east of drill hole GP-19-142B. GP-21-152 intersected a quartz veined zone at 46.9 – 49.6 meters. The hole was drilled to a length of 89 meters.

Drill hole GP-21-153 was collared approximately nine meters northwest of drill hole GP-19-140. Drill hole GP-19-140 (drilled at a 75-degree dip slightly northwest) intersected multiple gold bearing quartz veins within a 25.2-meter core length interval (2.3 grams / tonne Au over 25.2 meters core length). GP-21-153 was drilled at a steeper angle (approximately 82-degree dip), slightly northwest to provide further definition of the gold bearing veins intersected in GP-19-140. It was drilled to a length of 101 meters. GP-21-153 intersected multiple quartz veins. A quartz vein intersected at 44.00-44.63 meters contains visible gold. A zone of predominantly quartz veins intersected at 66.90-74.48 meters also contains visible gold.

Quartz Vein with Visible Gold in GP-21-153

Drill core samples from GP-21-152 and GP-21-153 will be submitted to a certified laboratory for gold assay and multi-element analysis.

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

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

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

The drill has been moved to the JNZ and has begun drilling GP-21-154, testing the extension of the JNZ gold bearing quartz vein system along projected strike east of pre-Great Atlantic historic drilling. The first three holes of the Phase 2 drilling program were completed during late 2020 at the JNZ, each intersecting gold bearing veins and extending the JNZ quartz vein system approximately 260 meters east of historic drill holes. The company had located gold bearing quartz boulders during 2017-2020 in the area of current drilling at the JNZ, including four boulder samples exceeding 100 g/t gold.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (SIC) at the Moosehead Gold Project and New Found Gold Corp. (NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization the Golden Promise Property.

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

On Behalf of the Board of Directors

"Christopher R Anderson"

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

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

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

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

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

SOURCE: Great Atlantic Resource Corp.

View source version on accesswire.com:
https://www.accesswire.com/658306/Great-Atlantic-Fourth-and-Fifth-Drill-Holes-Completed

Potential Strickland Metals Limited (ASX:STK) shareholders may wish to note that the Non-Executive Director, Trent Franklin, recently bought AU$392k worth of stock, paying AU$0.04 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 245%, potentially signalling some real optimism.

View our latest analysis for Strickland Metals

Strickland Metals Insider Transactions Over The Last Year

Notably, that recent purchase by Trent Franklin is the biggest insider purchase of Strickland Metals shares that we've seen in the last year. That implies that an insider found the current price of AU$0.042 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Strickland Metals share holders is that insiders were buying at near the current price.

In the last twelve months Strickland Metals insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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.

Insider Ownership of Strickland Metals

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.3% of Strickland Metals shares, worth about AU$3.3m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Strickland Metals Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Strickland Metals insiders are expecting a bright 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. For instance, we've identified 4 warning signs for Strickland Metals (2 are concerning) you should be aware of.

But note: Strickland Metals 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.

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.

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%. In the year-ago quarter, the company incurred a loss of 18 cents per share.

GAAP earnings for the second quarter were 38 cents compared with 32 cents per share in the year-ago period.

Revenues

Total revenues of $2,417 million surpassed the Zacks Consensus Estimate by 1.5%. The top line also improved 17.9% from the year-ago figure.

Devon Energy Corporation Price, Consensus and EPS Surprise

Devon Energy Corporation price-consensus-eps-surprise-chart | Devon Energy Corporation Quote

Production

Total net production for second-quarter 2021 touched 567,000 barrels of oil equivalent per day (Boe/d), up 74.5% year over year. Oil production averaged 291,000 barrels per day (Bbl/d), which increased 90.2% on a year-over-year basis, primarily due to strong contribution from Delaware and Williston Basin assets. Natural gas liquids production was also up 86.9% year over year.

Realized Prices

Realized oil prices for the quarter were $50.34 per barrel, up 37.9% from $36.5 in the year-ago period. Realized prices for natural gas liquids were up 151.5% to $23.64 per barrel from $9.4 in the prior-year quarter.

Realized gas prices were up 40.1% to $2.2 per thousand cubic feet from $1.57 in the prior-year quarter.

Total oil equivalent realized prices — including cash settlements — were $34.64 per Boe, up 56% year over year.

Other Highlights

Total production expenses for the second quarter were $513 million, increasing 95% year over year. With capital programs focused on developing higher-margin production opportunities, oil and natural gas liquid volumes accounted for 74% of Devon Energy’s product mix for the quarter.

Financing costs for the reported quarter were $80 million, up from $69 million in the year-ago period.

Financial Highlights

As of Jun 30, 2021, the company had cash and cash equivalents including restricted cash of $1,539 million, up from $2,237 million on Dec 31, 2020. It exited the second quarter with $4.5 billion of liquidity and no debt maturities till 2023.

As of Jun 30, 2021, long-term debt amounted to $6,502 million, up from $4,298 million on Dec 31, 2020.

Devon Energy’s net cash from operating activities for second-quarter 2021 was $1,093 million compared with $150 million in the year-ago period.

Guidance

It expects total production for the third quarter in the range of 566,000-594,000 Boe/d.

Devon Energy’s oil production guidance for 2021 is projected in the range of 280,000-290,000 BBl/d. For 2021, total production is expected in the range of 539,000-569,000 Boe/d.

Capital expenditure for 2021 is expected within $1,720-$1,980 million, including upstream expenditure in the range of $1,600-$1,800 million. Third-quarter expenditure is projected in the range of $420-$490 million.

Zacks Rank

Currently, Devon Energy sports a Zacks Rank #1 (Strong Buy).

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

Other Releases

Occidental Petroleum Corporation OXY reported second-quarter 2021 earnings of 32 cents per share versus the Zacks Consensus Estimate 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%.

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

Devon Energy Corporation (DVN) : Free Stock Analysis Report

Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report

CNX Resources Corporation. (CNX) : Free Stock Analysis Report

Continental Resources, Inc. (CLR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce the addition of three new Board of Director (the “Board”) members and one new Advisory Board member. Lisa Davis, John Hayes, and Dan Denbow have been appointed to the Board. Concurrently, Jonathan Held and Walter Hanych will be stepping down from the Board. John Hayes and Dan Denbow previously held positions on Signature’s Advisory Board and bring with their respective backgrounds a valuable understanding and awareness of the Company’s ongoing strategic planning and related activities. In addition, Priya Patil will be joining the Company’s Advisory Board. All these changes are designed to improve the Company’s independence, diversification and corporate governance that will strengthen Signature’s future growth capabilities.

The Company would like to particularly thank Mr. Held and Mr. Hanych for their long-standing service on the Board of Directors and their valuable contributions to Signature’s successes.

“I am honoured and pleased that Signature was able to attract such talented and experienced industry titans to join our team. Their proficiency, oversight and guidance should position the Company well for the next leg of exploration growth with the aim of unlocking the value of the Lingman Lake Gold Camp for shareholders.”

Paolo Lostritto, P.Eng – Chairman

Lisa Davis brings to Signature’s board significant perspective from the industry as the Chief Executive Officer of Peartree Securities Inc., a boutique financing and advisory firm focused on the junior Canadian resource sector. Drawing on the in-depth knowledge of securities regulation gained in part while on secondment to the Ontario Securities Commission Lisa is also responsible for the legal and compliance aspects of the firm's business as well as for PearTree Financial Services Ltd., the originator and leading provider of flow through donation financing services in Canada. Prior to joining Peartree, Lisa was General Counsel for a specialized investment fund business with more than $3B in assets under administration. A graduate of Osgoode Hall Law School, Lisa was a partner at Fraser Milner Casgrain LLP (currently Dentons) where she specialized in corporate and securities law. Lisa has earned the ICD.D designation from the Institute of Corporate Directors and has served as a Director of the Prospectors & Developers Association of Canada (PDAC) as well as a member of the PDAC’s Executive Committee and co-chair of the Finance & Taxation Committee of the PDAC.

John Hayes is a professional geologist with over 20 years of exploration, and many years of capital markets experience. John worked for ten years in mining equity research at BMO Capital Markets and at the time of his retirement in 2014 was a managing director covering global precious and base metal companies as they advanced projects from exploration to production. Most recently, John served in senior roles at Pretium Resources and Osisko Mining. He is currently a Director and Chairman of Maritime Resources Corp. John graduated from Memorial University of Newfoundland with an Honours Bachelor of Science in Geology (1989) and a Master of Science in Geology (1997). He also holds an MBA from Dalhousie University (2003) and is a member (P. Geo.) of the Professional Engineers and Geoscientists Newfoundland and Labrador.

Dan Denbow has spent over 28 years in the capital markets with his most recent experience associated with USAA Investment Management Company. As a portfolio manager for USAA Dan was responsible for managing over US$4 billion in three strategies: a domestic dividend and global dividend strategy and the USAA Precious Metals and Minerals Fund. Dan and his team have received eight Lipper Fund awards, six Lipper Fund Achievement certificates, a TopGun Investment Mind award in 2018 from Brendan Wood International, and the USAA Precious Metals Fund was named the “Fund of the Decade” for the ten-year period ending 2009. The USAA Precious Metals and Minerals Fund focused on selection of gold mining securities with a relative value ranking adjusting for risk based on factors including asset quality, management quality, and balance sheet quality. Dan holds an MBA from Texas Christian University, Neeley School of Business and is a CFA charter holder.

Priya Patil has more than 20 years’ experience in building and leading businesses in mining and financial services in Canada, the U.S. and India. Priya has held strategy, corporate development and governance roles. She served as General Counsel of a multi-mine zinc/copper producer operating in multiple countries; Global Head of Diversified Industries at Toronto Stock Exchange; Managing Director and Head of Investment of Banking at two national investment banks and as an attorney in Canada and Palo Alto, California. Priya serves and has served as a director and Audit/Compensation Committee Chair of public natural resources companies listed on the TSX and the AIM Exchange of the LSE. Priya was chosen as a Canada Board Diversity Council – 2017 Diversity 50 Honoree. Priya is passionate about education and economic development. Priya is a member of the California and Ontario bars; holds her J.D. and B.Sc. (Statistics and Computer Sciences) and earned her ICD.D charter from Rotman School of Management.

Stock Options
The Company has also granted a combined total of 1,600,000 incentive stock options to the incoming Board and Advisory Board members as a result of their appointments. The options shall have an exercise price of $0.16, expire five years from the date of issuance, and shall vest 25% immediately, and 12.5% ever six months thereafter through to the third anniversary.

About Signature
The Lingman Lake gold property consists of 1,434 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 27,113 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 g/t cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com
To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca , or contact:

Jonathan Held
Chief Financial Officer
416-270-9566

Cautionary Notes

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 news release.

This news release contains forward-looking statements which are not statements of historical fact. 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 and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, 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 First Nations and other 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, 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.

Vancouver, British Columbia–(Newsfile Corp. – August 4, 2021) – Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to provide an update from its current property-wide exploration program across its 100% optioned Buck Property, central British Columbia.

Highlights

• Over 200 rock samples and over 2,000 soil samples have been collected to date across the 33,000 hectare property.

• Geological mapping and prospecting have outlined numerous areas of previously unrecognized pervasive hydrothermal alteration. These areas are being systematically evaluated.

• The team is completing a comprehensive geological modelling and drill hole targeting initiative based on data from the recently completed 18 drill hole program.

• Planning for a multi-rig drill program at Buck is underway, anticipated to commence later this summer.

• Company is fully funded for drilling by the recent $5 million dollar flow-through financing (see SMN news released dated July 29^th, 2021).

Bob Willis, Sun Summit's CEO, commented:

"We are very pleased with the progress of our property-wide exploration program this year. Our technical team has systematically evaluated many key areas across the prospective belt of rocks that transect the Buck property. This work has outlined numerous areas of significant alteration that warrant follow-up. Exploration is ongoing, and results will be released once assays from rock and soil samples are returned from the lab.

"We are also currently modelling all available drill data. These updated models will be used to strategically plan our upcoming multi-drill rig program. Details are being finalised, it is expected that drilling will be focused on defining the extent of high-grade and bulk tonnage-style gold zones, and also on peripheral areas where the system remains open.

"We look forward to updating all our shareholders with program details once plans are set and targets are prioritised."

Exploration Program

The focus of the 2021 summer exploration program is on the approximately 24 kilometre long, northwest-trending, fault-bound belt of Late Cretaceous Kasalka Group volcanic and volcaniclastic rocks, host to epithermal-related mineralization at the Trench and Horseshoe targets (see SMN news release dated May 26^th, 2021).

Over 200 rock samples have been collected so far across the property, and over 2,000 soils samples have been collected along property-wide transects and on focused tightly-spaced sample grids. Many of the soil grids were designed to follow up numerous zones of strong hydrothermal alteration locally observed in out-crop, sub-crop and float. Many of these zones were exposed due to recent logging and have been thoroughly investigated with more groundwork planned. Key targets previously identified based on a thorough compilation of all available historic exploration data (e.g., IRK target) have been evaluated and follow-up work is planned.

Modelling and Drill Planning

The Company is planning a significant, multi-rig drill program set to commence this September. The program is anticipated to comprise step-out holes from areas of high-grade mineralization as well as additional drilling in areas of open-ended, near-surface breccia-hosted, bulk tonnage-style mineralization.

The Company is currently finishing an updated geological and exploration model based on all new drill data from the recently completed 18 hole drill program (see SMN news releases dated May 11^th, 2021, June 10^th, 2021, and July 6^th, 2021). The early 2021 drill program outlined significant zones of previously unrecognised high-grade gold mineralization in the Trench zone (e.g., 31.6 g/t gold over 4 metres including 246 g/t gold over 0.5 metres; BK21-020). A focus of the comprehensive modelling is on defining orientations and structural controls on these high-grade zones. Lithological and structural controls on near-surface, bulk tonnage-style gold mineralization (e.g., 186 metres of 0.78 g/t gold including 109 metres of 1.07 g/t gold) are also being modelled. These models will be used to plan numerous drill holes to test the extents and continuity of gold mineralization within both styles.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit's CEO, Robert D. Willis, P. Eng. a "Qualified Person" as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Property is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

Health and Safety

The Company's exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

Buck Property

The recently expanded 33,000-hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit Minerals Corp. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91993

TORONTO, Aug. 4, 2021 /CNW/ – Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to report positive interim results from the ongoing metallurgical test program for the planned In-Situ Recovery ("ISR") mining operation at the Phoenix uranium deposit ("Phoenix"), located on the Company's 90% owned Wheeler River Uranium Project ("Wheeler River" or the "Project"). Test work completed to date, has consistently supported an ISR mining uranium head-grade for Phoenix in excess of the 10 grams / Litre ("g/L") assumed in the Pre-Feasibility Study ("PFS") completed for Wheeler River in 2018. Accordingly, the Company has decided to adapt its plans for the remaining metallurgical test work, including the bench-scale tests of the unit operations of the proposed process plant, to reflect a 50% increase in the head-grade of uranium bearing solution ("UBS") to be recovered from the well-field. View PDF version.

David Bronkhorst, Denison's Vice President Operations, commented, "The metallurgical testing completed to date demonstrates that uranium can be consistently recovered from Phoenix cores at levels significantly higher than the 10 g/L extraction rate used in the PFS – giving rise to a decision to adapt future unit operation metallurgical tests to use a UBS head-grade of 15 g/L.

A 50% increase in head-grade is expected to translate into meaningful optimization of previously estimated operating parameters and processing plant designs while maintaining the same level of annual uranium production – with the potential to reduce operating costs related to on-surface processing activities, and initial capital costs associated with the processing plant."

Phoenix is expected to be mined in several phases, with Phase 1 estimated to contain 22.2 million pounds U₃O₈ (37,242 tonnes at 27.1% U₃O₈, above a cut-off grade of 0.8% U₃O₈) in Probable mineral reserves (see Press Release dated December 1, 2020). Accordingly, the sample selection for recent metallurgical test work has favored samples representative of the mineralization in Phase 1, to allow for a greater understanding of optimal leaching conditions required in the area where first production is expected.

Core Leach Test Results

Three core samples, representing the high-grade/low-clay characteristics of the majority of the mineralization in the Phase 1 mining area, have been tested to date, with results summarized below in Table 1 – showing steady-state and average UBS head grades significantly above the 10g/L level used in the PFS.

In addition to the high-grade/low clay characteristics of Phase 1, the Phoenix ISR operation is also expected to encounter comparatively rare and isolated areas with lower uranium grades and high clay content, which is expected to result in a limited number of zones of reduced permeability. In order to understand the ISR leach dynamics in these areas, test work was also initiated on samples presenting high clay characteristics (above 25% clay). Results obtained from these tests confirm that high clay content can impact the natural permeability of the ore body and lead to lower UBS head-grades. Importantly, these tests also confirm that permeability enhancement techniques have the potential to normalize these areas and significantly improve UBS head-grade concentrations to levels that align with core leach tests carried out using samples with higher grades and lower clay content.

As outlined in Table 2, below, sample 2A failed to produce an acceptable "steady-state" UBS head grade. Sample 2B was taken from the same drill hole and presented similar mineralogical characteristics as Sample 2A; however, Sample 2B was modified to simulate the MaxPERF permeability enhancement tool. As is evident from the achievement of a peak UBS head-grade of 76 g/L and an average UBS head-grade of 24.9 g/L obtained over 28 days of steady state, the preliminary leaching results from Sample 2B confirm both the utility of permeability enhancement in normalizing the natural permeability in high clay zones and the appropriateness of the decision to increase the overall UBS head-grade assumption for Phoenix.

Column Leach Tests

Various column leach tests have recently been completed using core samples from Phoenix. The primary purpose of the column leach tests was to recover sufficient volumes of UBS to facilitate bench-scale tests of the unit operations outlined in the flowsheet for the Phoenix processing plant. Over 900 litres of UBS were produced from 64 Kilograms ("kg") of Phoenix core samples. Combined results from the four column leach tests are highly positive, with calculated UBS head-grade from the four columns averaging 19g/L, which further supports the decision to increase the overall UBS head-grade assumption for Phoenix.

While not the primary purpose of the column leach tests, average reagent addition rates from the column leach tests (1.3 kg acid / kg U₃O₈ and 1.2 kg oxidant / kg U₃O₈) have also provided useful information that is supportive of the values published in the PFS.

The laboratory work for the 2021 Metallurgical Program is being carried out at the Saskatchewan Research Council ("SRC") Mineral Processing and Geoanalytical Laboratories, in Saskatoon, under the supervision of Mr. Chuck Edwards (P.Eng., FCIM).

About Phoenix Phase 1

Phase 1 of Phoenix is estimated to contain approximately 22.2 million pounds U₃O₈ (37,242 tonnes at 27.1% U₃O₈, above a cut-off grade of 0.8% U₃O₈) in Probable mineral reserves. Based on current designs, the Company estimates approximately 6.6 million pounds U₃O₈ (7,717 tonnes at 39.2% U₃O₈, above a cut-off grade of 0.8% U₃O₈) in Probable mineral reserves are contained within the expected operating perimeter of the Test Pattern (see Figure 1). These estimates are derived as a direct subset of those reported in the Technical Report titled "Pre-feasibility Study for the Wheeler River Uranium Project, Saskatchewan, Canada" dated October 30, 2018 with an effective date of September 24, 2018 (the "PFS Report"). The key assumptions, parameters and methods used to estimate the mineral reserves herein remain unchanged.

About Wheeler River

Wheeler River is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, in northern Saskatchewan – including combined Indicated Mineral Resources of 132.1 million pounds U₃O₈ (1,809,000 tonnes at an average grade of 3.3% U₃O₈), plus combined Inferred Mineral Resources of 3.0 million pounds U₃O₈ (82,000 tonnes at an average grade of 1.7% U₃O₈). The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited (10%).

A PFS was completed for Wheeler River in late 2018, considering the potential economic merit of developing the Phoenix deposit as an ISR operation and the Gryphon deposit as a conventional underground mining operation. Taken together, the project is estimated to have mine production of 109.4 million pounds U₃O₈ over a 14-year mine life, with a base case pre-tax NPV of $1.31 billion (8% discount rate), Internal Rate of Return ("IRR") of 38.7%, and initial pre-production capital expenditures of $322.5 million. The Phoenix ISR operation is estimated to have a stand-alone base case pre-tax NPV of $930.4 million (8% discount rate), IRR of 43.3%, initial pre-production capital expenditures of $322.5 million, and industry leading average operating costs of US$3.33/lb U₃O₈. The PFS is prepared on a project (100% ownership) and pre-tax basis, as each of the partners to the Wheeler River Joint Venture are subject to different tax and other obligations.

Further details regarding the PFS, including additional scientific and technical information, as well as after-tax results attributable to Denison's ownership interest, are described in greater detail in the PFS Report. A copy of the PFS report is available on Denison's website and under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.

Denison suspended certain activities at Wheeler River during 2020, including the EA process, which is on the critical path to achieving the project development schedule outlined in the PFS. While the EA process has resumed, the Company is not currently able to estimate the impact to the project development schedule outlined in the PFS, and users are cautioned against relying on the estimates provided therein regarding the start of pre-production activities in 2021 and first production in 2024.

About Denison

Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture ("MLJV"), which includes several uranium deposits and the McClean Lake uranium mill that is contracted to process the ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest Main and Midwest A deposits, and a 66.90% interest in the Tthe Heldeth Túé ("THT," formerly J Zone) and Huskie deposits on the Waterbury Lake property. Each of Midwest Main, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.

Through its 50% ownership of JCU (Canada) Exploration Company, Limited ("JCU"), Denison also holds interests in various uranium project joint ventures in Canada, including the Millennium project (JCU 30.099%), the Kiggavik project (JCU 33.8123%) and Christie Lake (JCU 34.4508%).

Denison is also engaged in mine decommissioning and environmental services through its Closed Mines group (formerly Denison Environmental Services), which manages Denison's Elliot Lake reclamation projects and provides post-closure mine care and maintenance services to a variety of industry and government clients.

Follow Denison on Twitter @DenisonMinesCo

Qualified Persons

The technical information contained in this release has been reviewed and approved by Mr. David Bronkhorst, P.Eng, Denison's Vice President, Operations, who is a Qualified Person in accordance with the requirements of NI 43-101.

Cautionary Statement Regarding Forward-Looking Statements

Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation, concerning the business, operations and financial performance and condition of Denison.

Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'.

In particular, this news release contains forward-looking information pertaining to the following: the planned scope, elements, and objectives of the 2021 ISR field programs, including the results of the column leach tests, including head grade and reagent usage results and estimates; other evaluation activities, including plans for future lixiviant tests and those activities connected with the EA process; the results of the PFS and expectations with respect thereto; expectations with respect to phased development, and the estimates of reserves in each such phase; other development and expansion plans and objectives, including plans for a feasibility study; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners.

Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the modelling and assumptions upon which the work plans are based may not be maintained after further testing or be representative of actual conditions within the Phoenix deposit. In addition, Denison may decide or otherwise be required to discontinue its field test activities or other testing, evaluation and development work at Wheeler River if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, regulatory approvals, etc.) or operations are otherwise affected by COVID-19 and its potentially far-reaching impacts. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 26, 2021 or subsequent quarterly financial reports under the heading 'Risk Factors'. These factors are not, and should not be construed as being exhaustive.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources and Probable Mineral Reserves: This press release may use the terms 'measured', 'indicated' and 'inferred' mineral resources. United States investors are advised that while such terms have been prepared in accordance with the definition standards on mineral reserves of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101 Mineral Disclosure Standards ('NI 43-101') and are recognized and required by Canadian regulations, these terms are not defined under Industry Guide 7 under the United States Securities Act and, until recently, have not been permitted to be used in reports and registration statements filed with the United States Securities and Exchange Commission ('SEC'). 'Inferred mineral resources' have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. In addition, the terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" for the purposes of NI 43-101 differ from the definitions and allowable usage in Industry Guide 7. Effective February 2019, the SEC adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Exchange Act and as a result, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". In addition, the SEC has amended its definitions of "proven mineral reserves" and "probable mineral reserves" to be "substantially similar" to the corresponding definitions under the CIM Standards, as required under NI 43-101. However, information regarding mineral resources or mineral reserves in Denison's disclosure may not be comparable to similar

View original content to download multimedia:https://www.prnewswire.com/news-releases/denison-reports-decision-to-increase-anticipated-isr-mining-head-grade-at-phoenix-by-50-301347939.html

SOURCE Denison Mines Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2021/04/c3729.html

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, August 04, 2021–(BUSINESS WIRE)–Sherritt International Corporation ("Sherritt") (TSX:S) today announced the appointment of Greg Honig as Chief Commercial Officer, Yasmin Gabriel as Chief Financial Officer, and Chad Ross as Chief Human Resources Officer. The appointments underscore the Corporation’s two-pronged growth strategy focused on capitalizing on the accelerating demand for high-purity nickel and cobalt from the electric vehicle industry and commercializing innovative solutions for resources companies looking to improve their environmental performance and economic value.

"I am pleased to expand the skills, capabilities, and external focus of our senior leadership team with the addition of Mr. Honig and the expertise he brings to the newly created Chief Commercial Officer role," said Leon Binedell, President and CEO of Sherritt International Corporation. "I am also excited to promote Ms. Gabriel and Mr. Ross, two very talented, experienced individuals who will help drive Sherritt’s continuing transformation."

Greg Honig is a senior mining executive with diverse international experience spanning private equity, corporate development, and investment banking. Mr. Honig has extensive experience in the development and execution of business/investment strategies in the sourcing, evaluation, and execution of investment opportunities. Most recently, Greg was the Principal, Director of Canada for Resource Capital Funds and his experience also includes business development and strategy, marketing and research at Xstrata Nickel.

Yasmin Gabriel has most recently been in the role of Interim Vice President, Finance at Sherritt. Ms. Gabriel is a transformational finance leader with 15 years of experience, including 11 years in mining in Financial Planning & Analysis, Financial Reporting, Financial Systems, Robotic Process Automation, Enterprise Risk Management, and Capital Allocation, with a proven track record of innovation, learning, continuous improvement and leading high-performance teams since she joined Sherritt in 2010.

Chad Ross is currently in the role of Director, HR Analytics & Operations at Sherritt. Mr. Ross is a strategic HR practitioner, with an extensive financial background and a passion for leveraging diverse thought to achieve successful outcomes. Since joining Sherritt in 2011, Chad has demonstrated the ability to lead high-performance teams and continuous improvement initiatives along with the ability to diagnose organizational opportunities, identify appropriate resources and engage stakeholders to deliver effective solutions. He succeeds Karen Trenton, who previously announced her retirement at the end of this year.

Mr. Binedell added, "Nathan Reeve, who has held the role of Interim Chief Financial Officer at Sherritt since the beginning of 2021, is leaving the organization, and I would like to thank him for his many contributions over the years. He has been a valuable resource to me and to the organization."

About Sherritt

Sherritt is a world leader in the mining and refining of nickel and cobalt — metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol "S".

View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005274/en/

Contacts

Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
Email: joe.racanelli@sherritt.com
www.sherritt.com

NEW YORK, NY / ACCESSWIRE / August 4, 2021 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

CarLotz, Inc. (NASDAQ:LOTZ)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/carlotz-inc-loss-submission-form?prid=18214&wire=1
Lead Plaintiff Deadline: September 7, 2021
Class Period: December 30, 2020 – May 25, 2021

Allegations against LOTZ include that: (1) due to a surge in inventory during the second half of fiscal 2020, CarLotz was experiencing a "logjam" resulting in slower processing and higher days to sell; (2) as a result, the Company's gross profit per unit would be negatively impacted; (3) to minimize returns to the corporate vehicle sourcing partner responsible for more than 60% of CarLotz's inventory, the Company was offering aggressive pricing; (4) as a result, CarLotz's gross profit per unit forecast was likely inflated; (5) this Company's corporate vehicle sourcing partner would likely pause consignments to the Company due to market conditions, including increasing wholesale prices; and (6) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Piedmont Lithium Inc. (NASDAQ:PLL)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18214&wire=1
Lead Plaintiff Deadline: September 21, 2021
Class Period: March 16, 2018 – July 19, 2021

Allegations against PLL include 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.

Oatly Group AB (NASDAQ:OTLY)

If you suffered a loss, contact us at:https://www.wongesq.com/pslra-1/oatly-group-ab-loss-submission-form?prid=18214&wire=1
Lead Plaintiff Deadline: September 24, 2021
Class Period: May 20, 2021 – July 15, 2021

Allegations against OTLY include that: (a) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (b) the Company overstated its sustainability practices and impact; (c) the Company exaggerated its growth in China; and (c) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

View source version on accesswire.com:
https://www.accesswire.com/658321/SHAREHOLDER-ALERT-LOTZ-PLL-OTLY-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines

VANCOUVER, BC, Aug. 4, 2021 /PRNewswire/ – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") today announced that it will release its second quarter 2021 financial results on Wednesday, August 11, 2021 after market close. Management will discuss the results during an audio webcast conference call on Thursday, August 12, 2021 at 11:00 am Eastern Time (8:00 am Pacific Time).

To participate in the live call, please use one of the following methods:

Dial toll free from Canada or the US: 1-800-319-4610
Dial from outside Canada or the US: 1-604-638-5340
Confirmation Code#: Ask to join the Alexco conference call
Live audio webcast: http://services.choruscall.ca/links/alexco20210812.html

Participants should connect five to ten minutes before the call. The conference call will be recorded and an archived audio webcast will be available at www.alexcoresource.com shortly after the call.

About Alexco

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to production and started concentrate production and shipments in Q1 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral resources through successful exploration.

Please visit the Alexco website at www.alexcoresource.com

Some statements ("forward-looking statements") in this news release contain forward-looking information concerning the Company's anticipated results and developments in the Company's operations in future periods, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements with respect to the timing of activities and reports. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. 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 anticipated in such statements. The Company expressly 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 otherwise required by applicable securities legislation.

View original content:https://www.prnewswire.com/news-releases/alexco-to-release-second-quarter-2021-results-on-august-11-2021-301348786.html

SOURCE Alexco Resource Corp.

New York, New York–(Newsfile Corp. – August 4, 2021) – Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited ("Piedmont" or "the Company") (NASDAQ: PLL) (NASDAQ: PLLL) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Piedmont securities between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site www.bgandg.com/pll.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

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

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/pll or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Piedmont you have until September 21, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91750

FMC Corporation FMC recorded earnings (as reported) of $1.56 per share in second-quarter 2021, up 11% from $1.41 reported a year ago.

Barring one-time items, adjusted earnings per share were $1.81, ahead of the Zacks Consensus Estimate of $1.77.

Revenues were $1,242 million for the quarter, up around 8% from the year-ago quarter. It surpassed the Zacks Consensus Estimate of $1,228 million.

Revenues were driven by a 4% rise in volumes and 4% favorable impact of currencies. The company saw strong volume growth in all regions outside of EMEA (Europe, Middle East, and Africa) on the back of strong underlying business and contribution of new product launches.

FMC Corporation Price, Consensus and EPS Surprise

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

Regional Sales Performance

Sales dropped 7% year over year in North America in the quarter, impacted by a shift in volume demand by geography from the company’s global diamide partnerships.

Sales in Latin America went up 15% year over year in the reported quarter on strong demand for insecticide and fungicide, aided by favorable commodity prices, and favorable currency swings.

In EMEA, sales rose 3% year over year as higher demand for diamides and herbicides and favorable currency swings were offset by the impacts of unfavorable weather and discontinued registrations.

Revenues climbed 20% year over year in Asia on the back of strength in the insecticide portfolio, especially in India and Australia, and favorable impact of currencies.

Financials

The company had cash and cash equivalents of $728.5 million at the end of the quarter, up roughly 113% year over year. Long-term debt was $2,630.8 million, down around 13% year over year.

The company repurchased shares worth $25 million in the second quarter.

Guidance

For 2021, FMC continues to expect revenues to be between $4.9 billion and $5.1 billion, indicating a rise of 8% at the midpoint versus 2020. The growth is expected to be driven mainly by volumes and price increases.

The company now envisions adjusted EBITDA of $1.29-$1.35 billion (down from earlier view of $1.32-$1.42 billion) for 2021, indicating a 6% rise at the midpoint versus 2020. The revision reflects continued increase in raw materials, packaging and logistics costs.

Moreover, FMC now expects adjusted earnings per share for 2021 in the range of $6.54 to $6.94 (down from $6.70-$7.40 expected earlier), reflecting an increase of 9% at the midpoint compared with 2020.

Free cash flow for 2021 is now projected to be $480-$570 million, indicating a 4% year-over-year decline.

The company also expects to buyback $350-$450 million shares in 2021.

For third-quarter 2021, revenues are projected in the band of $1.13-$1.22 billion, reflecting an increase of 8% at the midpoint compared with the prior-year quarter. Adjusted earnings are forecast in the range of $1.23-$1.39 per share, representing an increase of 7% at the midpoint compared with the prior-year quarter.

Price Performance

FMC’s shares are down 0.7% over a year against the industry’s 37% rise

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

FMC currently carries a Zacks Rank #4 (Sell).

Better-ranked stocks worth considering in the basic materials space include Nucor Corporation NUE, ArcelorMittal MT and Cabot Corporation CBT, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Nucor has a projected earnings growth rate of 444.9% for the current year. The company’s shares have surged around 148% in a year.

ArcelorMittal has an expected earnings growth rate of 1,635.1% for the current year. The company’s shares have shot up around 206% in the past year.

Cabot has an expected earnings growth rate of around 137.5% for the current fiscal. The company’s shares have gained roughly 47% in the past year.

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

ArcelorMittal (MT) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

FMC Corporation (FMC) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Occidental Petroleum Corporation OXY reported second-quarter 2021 earnings of 32 cents per share versus the Zacks Consensus Estimate of a breakeven. The company incurred a loss of $1.76 per share in the prior-year quarter.

Total Revenues

Occidental's total revenues were $6,010 million, which surpassed the Zacks Consensus Estimate of $5,847 million by 2.8%.

The top line also improved 101.9% from the year-ago quarter. The year-over-year improvement was due to strong contribution from all segments.

Occidental Petroleum Corporation Price, Consensus and EPS Surprise

Occidental Petroleum Corporation price-consensus-eps-surprise-chart | Occidental Petroleum Corporation Quote

Segment Details

Oil and Gas revenues for the quarter were $4,505 million, up 120.8% year over year.

Chemical revenues for the quarter were $1,187 million, up 40.3% year over year.

Midstream & Marketing revenues for the quarter were $497 million, up 143.6% year over year.

Production & Sales

Occidental’s total production volume for the second quarter was 1,203 thousand barrels of oil equivalent per day (Mboe/d), which exceeded the upper end of the guided range of 1,140-1,170 Mboe/d. Strong production volumes were attributed to higher volumes from the Permian Resources region. Permian Resources production for the second quarter was 504 Mboe/d, which exceeded the guided range of 490-5000 Mboe/d.

For the quarter under review, total sales volume was 1,199 Mboe/d, down 13.5% from 1,386 Mboe/d recorded in the year-ago period. The decline was due to a drop in U.S. and International sales volumes.

Realized Prices

Second-quarter realized prices for crude oil improved 177.4% year over year to $64.18 per barrel on a worldwide basis. Worldwide realized natural gas liquids prices improved 221.7% from the prior-year quarter to $25.06 per barrel. Worldwide natural gas prices increased 112.7% from the year-ago quarter to $2.34 per thousand cubic feet. Despite a decline in year-over-year sales volume, the company benefited from worldwide improvement in commodity prices.

Highlights of the Release

Occidental’s total expenses for the reported quarter were $5,823 million, down 48.4% year over year.

Out of its planned divestiture of $10.2 billion, the company has already completed $9.2 billion and utilized a major portion of the proceeds to lower outstanding debts.

Interest expenses for the reported quarter were up 24.2% to $385 million from $310 million in the year-ago period.

Financial Position

As of Jun 30, 2021, Occidental had cash and cash equivalents of $4,569 million compared with $2,008 million on Dec 31, 2020.

As of Jun 30, 2021, the company had a long-term debt (net of current portion) of $35,352 million compared with $35,745 million on Dec 31, 2020. The debt level decrease was due to effective management of debt since the acquisition of Anadarko.

For first- half of 2021, cash from operations was $4,224 million, up from $1,699 million in the prior-year period. Free cash flow for the first half of 2021 was $3.6 billion.

For first-half 2021, Occidental’s total capital expenditure was $1,277 million compared with $1,675 million invested in the year-ago period.

Guidance

For third-quarter 2021, it expects production in the range of 1,130-1,160 Mboe/d and output from Permian Resources in the band of 484-494 Mboe/d. The company expects exploration expenses to be $55 million.

For 2021, Occidental expects production to be 1,150 Mboe/d and output from Permian Resources to be 483 Mboe/d. The company expects exploration expenses for 2021 to be $250 million.

It expects to invest $2.9 billion in 2021 to further strengthen the existing operations. A total of $2.53 billion was invested in 2020. A major portion of the planned capital expenditure will be directed toward strengthening its oil and gas operations.

Zacks Rank

Currently, Occidental carries a Zacks Rank #3 (Hold).

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%.

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

Devon Energy Corporation (DVN) : Free Stock Analysis Report

Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report

CNX Resources Corporation. (CNX) : Free Stock Analysis Report

Continental Resources, Inc. (CLR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Montreal, Quebec–(Newsfile Corp. – August 4, 2021) – Vanstar Mining Resources Inc. (TSXV: VSR) ("Vanstar", or the "Company") is pleased to provide an update on its exploration activities.

Nelligan

The summer drill program is underway with the drill currently focused on the infill drilling program. To date 5 holes (1,600 m) have been completed with a further 5 to 10 holes anticipated in this zone. Upon completion the focus will shift to the western extension with the view of expanding the resource.

Felix

The company has concluded its analysis of a recent Induced Polarity ("IP") survey on the Felix property. The IP survey focused on a western portion of the property underlain by a folded banded iron formation (Figure 1). A number of chargeability anomalies that are consistent with previously reported MEGATEM conductors were identified. As a result, the Company has refined its drilling program on the property (Figure 2) and intends to drill the targets in September. A drill rig has been secured and preparatory work is underway.

The IP survey outlined a fold-shaped conductive anomaly coincident with an interpreted fold from the magnetic survey in the known iron formation. The conductive IP anomaly is interpreted as being caused by sulphides. The magnetic survey indicated the presence of a potential fold with a decrease of the magnetic susceptibility along the limb and the hinge of the fold. This was interpreted as a possible sulphidation of the oxide-facies iron formation. The conductive IP anomaly seems to corroborate this interpretation. It is well known that gold deposits in iron formation are often associated with folding and sulphidation. The Lupin Mine in the NWT is a typical example of this gold deposit type.

Figure 1: Felix Property IP Survey Area

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8185/92033_ecf089ec24d20abf_002full.jpg

Figure 2: IP Survey and Planned Holes

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/8185/92033_ecf089ec24d20abf_003full.jpg

Frida and Eva

The company is mobilizing a ground crew to conduct a prospecting and sampling program on the Frida and Eva projects. Work is expected to be conducted in September.

Corporate Update

The company held it's AGM on July 27, 2021. The following board members were elected:

• Victor Cantore

• Albert Contardi

• Wanda Cutler

• Claude Dufresne

• Jonathan Gagne

• Luc Gervais

Following the Annual General Meeting, Albert Contardi was elected as Chairman of the Board. In addition, Brunet Roy Dube Labone LLP were appointed as auditors and the Company's stock option plan was approved.

JC St. Amour, President and CEO of Vanstar commented, "From a corporate governance perspective, I would like to point out that the entire board is comprised of independent directors. I am pleased to welcome them and I look forward to working together in the year ahead."

In addition, the Company announces that the board of directors has granted 2,625,000 options to officers, directors, and consultants to the company pursuant to its stock option plan. The options are exercisable for a period of 5 years at a price of $0.50 and vest immediately.

About the Felix Project

The Felix project is located in an environment of volcanosedimentary origin comprising a unit of volcanic rock in the north, another in the south and the central part is occupied by sedimentary rocks. Late intrusions in the form of batholiths, plutons or dikes are also noted all around the property. The property rests mainly on the rocks of the Chicobi Group. The sedimentary basin contains mudstones and graphitic turbiditic sandstones, with a minor magnetite-chert and hematite-jasper banded iron formation and a conglomerate. A significant Algoma-type iron formation is present in the northern part of the property. The gold grades intersected in the historic drilling are located near the southern contact of the latter. In addition, the Chicobi-Nord regional fault crosses the northern part of the property. This fault, of regional dimension, borders the Normetal mining camp to the south. The project is located in the eastern extension of this mining camp where there are former massive sulphide mines and numerous gold showings, such as those of the former Perron gold mine which are actively worked on by Amex Exploration. Shear zones parallel to the Chicobi-Nord fault are also found in the sediments of the Chicobi Group and as evidenced by the Authier gold showings located west of the property.

Mr. Gilles Laverdière, consultant geologist and qualified person under NI 43-101 has read and approved this press release.

About Vanstar

Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the "Discovery of the Year" award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters.

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.

SOURCE :

JC St-Amour
President and CEO
+1 (647) 296-9871
jc@vanstarmining.com

www.vanstarmining.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92033

VIRGINIA CITY, Nev., Aug. 04, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (the “Company”) (NYSE American: LODE), an emerging leader in climate-smart, sustainable mineral development and production, will host a conference call on Tuesday, August 10, 2021 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report Second Quarter results and provide a business update. The Webcast will include a moderated Q&A, after the prepared remarks. Please join the event 10 to 15 minutes prior to the scheduled start time. The link to register in advance for this live Webcast is as follows:

Register in Advance for Our Zoom Webinar
When: August 10, 2021 08:00 AM Pacific Time (US and Canada)
Topic: Comstock Mining Second Quarter 2021 Results and Business Update

Please click the link below to register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_AEfv_xN7RoiYEYpzl55gUw

The recording of the Webcast will be available, within 48 hours of the call, on the Company website:
http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.

Comstock (NYSE: LODE) is an emerging leader in the sustainable extraction, valorization, and production of innovation-based, clean, renewable natural resources, with a focus on high-value, cash-generating, strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Comstock was selected to join the Russell Microcap^® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opened on June 4, 2021. Membership in the Russell Microcap^® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, Aug. 4, 2021 /PRNewswire/ – Golden Arrow Resources Corporation (TSX-V: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report that additional geophysical surveying at its Rosales Copper Project in Chile has identified a more conductive and larger feature below the near-surface conductivity anomalies reported in the June 24^th, 2021 news release (see Figure 1: https://bit.ly/3zPcik5).

The previously reported G1 and G2 conductivity anomaly targets cover 850×500 metres and 600×400 metres at surface, respectively, and are laterally separated by approximately 500 metres. The new TEM sounding survey has provided vertical sections showing one or more zones of moderate conductivity within 250m of surface, interpreted to correlate with the previously reported anomalies. Additionally, the sections have detected a more prominent sub-horizontal conductor at approximately 500m depth, and with occasional sub-vertical zones of increased conductivity connecting the near-surface and deep conductive features. The deep conductor appears to be more prominent below the G1 anomaly.

"We are very excited by this additional data from TEM soundings, which suggests a stratabound or mantos-style copper deposit model, which is further supported by the mineralization, alteration and host rocks identified to date at Rosales. This type of high-grade copper deposit is common in Chile, with well-known examples including the El Soldado and Mantos Blanco mines," stated Brian McEwen, VP Exploration and Development for Golden Arrow.

The Company has secured a drill contract and will be proceeding with an initial 3,000 metre phased reverse circulation drill program to test the targets. The first phase is expected to commence in August and will include approximately 1,400 metres in four holes, to test both the upper and lower conductors and confirm the interpretation (Figure 1). The subsequent 1,600 metres will be used to test the extent of the anomalies as well as other targets.

Rosales Project and Geophysical Program Results
The Rosales Project currently includes 3,444 hectares of 100% held mineral claims and an additional 900 hectares under application. The Project is located in the Atacama Region, a prolific mining district that hosts multiple large precious and base metal mines. The project is road-accessible and is situated less than 90 kilometres from the mining centre of Copiapo, with world-class exploration and mining infrastructure readily available.

The initial reconnaissance program at Rosales identified two general areas of prospective copper mineralization: the Margarita Mine trend (MMT), and the NW Target. The MMT is a 3.5-kilometre-long structural corridor, oriented northeast-southwest, mainly defined by felsic dykes. Chalcocite and chrysocolla were identified in outcrop over a 350 by 400 metres area underlain by andesitic volcanoclastics and andesites, within Jurassic aged volcano-sedimentary sequences. Samples from the area averaged 1.74% copper with a high value of 4.37% copper (see News Release dated July 20, 2020 filed on SEDAR). The copper mineralization fills fractures and is disseminated in the matrix of the volcanoclastic host rock, with further indications of manto-type mineralization in this zone.

As described in the June 24^th, 2021 news release, the Transient Electromagnetic (TEM) surface in-loop geophysical survey detected two highly-conductive anomalies in the MMT, named G1 and G2, estimated to start within 100 metres of the surface. The G1 target is the highest priority target for drilling due to its size, strong conductivity and correlation with high copper values in surface rock-chip samples.

After completing the surface TEM survey, the geophysical contractor (Quantec Geoscience Chile Ltda.) completed three lines of TEM soundings crossing the two MMT anomalies to provide resistivity, displayed in vertical images (see Figure 1). The TEM sounding sections reveal one or more upper zones of moderate conductivity above 250m below surface, interpreted to correlate with the conductors detected in the previously reported fixed in-loop TEM surveys. Additionally, the sounding sections have detected a prominent and extensive conductor at approximately 500m depth and appear to resolve increased conductivity below G1, proximal to a vertical corridor postulated to represent a feeder-structure.

The flat-lying and layered appearance of the anomalies, combined with the copper sulphide mineralization observed at surface, are consistent with expectations for copper manto (stratabound) deposits. These deposits typically contain 1-2% copper, with hypogene mineralogy consisting of bornite, chalcocite and chalcopyrite; mineralization is often associated with albite alteration[1]. These deposits are relatively common in Chile, and in the northern part of the country are hosted by Jurassic volcanic rocks. Many of these characteristics have been noted at Rosales and Golden Arrow believes this to be an appropriate exploration model for the project. For reference, Figure 2 (https://bit.ly/2WpMKvq) shows a schematic cross section of the manto-type deposit at El Soldado Mine, located 132km north of Santiago, which has been mined by several groups over decades and is currently operated by Anglo American.

In addition to the TEM surveys, Golden Arrow has completed a ground-based magnetic survey covering 5,035 hectares. Preliminary interpretation of the data indicates zones of low magnetism that are coincident with the TEM in-loop survey conductivity anomalies. This has been seen at other mantos-type copper deposits, including El Soldado¹.

Independent geophysical consultant Miles Rideout continues to guide the program and has provided additional interpretation of the data and recommendations for drilling.

Survey Methodology
The TEM sounding surveys were spaced at 50m intervals along the lines, and employed 200x200m transmit loops. The Geonics Protem instrumentation recorded 3-component data at 25 and 2.5 Hz, in order to register data from near surface to approximately 1000m depth. The sounding data were inverse-modelled with Quantec's TIMAGE software. The sections, consisting of 1D-stitched models, present resistivity data in Ohm-metre units, where electrically conductive features are coloured red and purple, and electrically resistive features are shown in hues of blue and white. Note that in Figure 1, the fixed in-loop TEM surveys has conductive response coloured red, and the lack of conductive response is shown in shades of green and blue. For additional details on the methodology of the in-loop survey, please refer to the June 24^th, 2021 news release.

Qualified Persons
The technical portions of this news release have been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development to the Company and a Qualified Person as defined in National Instrument 43-101.

About Golden Arrow:

Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. The Company is well leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.

Golden Arrow is actively exploring a portfolio that includes an epithermal gold project in Argentina, a district–scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"
______________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO

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

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/golden-arrow-identifies-multiple-target-horizons-and-announces-first-drill-program-at-rosales-copper-project-chile-301347949.html

SOURCE Golden Arrow Resources Corporation

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

HALIFAX, NS, Aug. 4, 2021 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to announce that Karen Flores has been appointed to the Company's Board of Directors effective August 4, 2021, pending regulatory approval.

Ms. Flores is the CEO of the Mining Chamber of Mexico, which represents the interests of the country's mining-metallurgical industry. In June 2020, Forbes Mexico recognized Karen as one of the 100 Most Powerful Women in Mexico for her ground-breaking leadership in the mining industry. She is also an advisor for the Chamber of Commerce of Canada in Mexico (CANCHAM), where she chairs the Integration Caucus and the Women Building Business committee. She is part of the founding group of WIM Women Mexico, a subsidiary of Women in Mining International.

With more than 15 years of experience in the mining sector, Ms. Flores has held positions in both public administration and private industry. She has gathered extensive experience working in the field promoting mining communities, as well as successful negotiation, communication, and sustainability strategies. She has also played an active role in discussion forums and working groups that promote the interests of the mining industry. Ms. Flores was an active member of the Association of Mining Engineers, Metallurgists and Geologists of Mexico (AIMMGM), holding different honorary positions such as Vice-President of Government Affairs, Communications Coordinator of District Mexico, and Coordinator of Public Relations and Protocol for the XXXI and XXXII International Mining Conventions.

Prior to her current role as CEO of the Mining Chamber of Mexico, Ms. Flores was the head of Corporate and Government Relations for the Mexico Division of Agnico Eagle from 2014 to 2019. She represented the interests of the company before government entities, chambers of commerce, trade associations, and managed the social and governmental aspects of the due diligence process for new projects. Between 2007 and 2013, Ms. Flores worked at the Undersecretariat for Mining of the Ministry of Economy, holding various positions such as Advisor, Head of Analysis and Information, Chief of Staff, Assistant General Manager of the Undersecretary's Office, among others.

"We are pleased to welcome Ms. Flores to the board of directors. Her extensive governmental, industry, and community relations experience will bring enhanced board-level knowledge to advance GoGold's environmental, social and governance ("ESG") practices," said Brad Langille, President and CEO. "We believe GoGold shareholders will be well served by Karen's engagement, perspective and service as a board member of the Company."

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

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

View original content:https://www.prnewswire.com/news-releases/gogold-appoints-karen-flores-to-board-of-directors-301347955.html

SOURCE GoGold Resources Inc.

VANCOUVER, BC, Aug. 4, 2021 /CNW/ – Trading resumes in:

Company: Jervois Mining Limited

TSX-Venture Symbol: JRV

All Issues: Yes

Resumption (ET): 9:00 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/August2021/04/c5943.html

Montreal, Quebec–(Newsfile Corp. – 4 août 2021) – Ressources Minières Vanstar Inc. (TSXV: VSR) (la « Société ») a le plaisir de faire le point sur ses activités d'exploration.

Nelligan

Le programme de forage d'été en cours est actuellement axé sur le programme de forages de définition. À ce jour, 5 sondages (1 600 m) ont été complétés et 5 à 10 autres sondages sont prévus dans cette zone. Une fois terminé, l'accent sera mis sur l'extension ouest en vue d'accroître la ressource.

Felix

La Société a conclu son analyse d'un levé de polarisation provoquée (PP) récemment réalisé sur la propriété Felix. Le levé PP s'est concentré sur une partie à l'ouest de la propriété là où il y a une formation de fer rubanée plissée (figure 1). Un certain nombre d'anomalies de chargeabilité ont été identifiées et elles sont coïncidentes aux conducteurs MEGATEM historiques. Par conséquent, la Société a raffiné son programme de forage sur la propriété (figure 2) et a l'intention de forer les cibles en septembre. Une foreuse a été sécurisée et les travaux préparatoires en cours.

Le levé PP a mis en évidence une anomalie conductrice en forme de pli coïncidant avec un pli interprété à partir du levé magnétique dans la formation de fer connue. L'anomalie conductrice IP est interprétée comme étant causée par des sulfures. Le levé magnétique a indiqué la présence d'un pli potentiel avec une diminution de la susceptibilité magnétique le long du flanc et de la charnière du pli. Cela a été interprété comme une possible sulfurisation de la formation de fer au faciès oxyde. L'anomalie conductrice IP semble corroborer cette interprétation. Il est bien connu que les gisements d'or dans les formations de fer sont souvent associés au plissement et à la sulfurisation. La mine Lupin dans les Territoires du Nord-Ouest est un exemple typique de ce type de gisement aurifère.

Figure 1: Zone du levé PP sur la propriété Felix

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8185/92035_0ae7b22ec40fb904_002full.jpg

Figure 2: Levé PP et sondages planifiés

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/8185/92035_0ae7b22ec40fb904_003full.jpg

Frida et Eva

L'entreprise mobilise une équipe sur place pour mener un programme de prospection et d'échantillonnage sur les projets Frida et Eva. Les travaux devraient être menés en septembre.

Mise à jour de l'entreprise

La Société a tenu son Assemblée Générale Annuelle (AGA) le 27 juillet 2021. Les membres du conseil d'administration suivants ont été élus :

• Victor Cantore

• Albert Contardi

• Wanda Cutler

• Claude Dufresne

• Jonathan Gagne

• Luc Gervais

A l'issue de l'AGA, Albert Contardi a été élu Président du Conseil d'Administration, Brunet Roy Dube Labone LLP a été nommé auditeur, et le plan d'options d'achat d'actions de la Société a été approuvé.

JC St. Amour, président et chef de la direction de Vanstar, a déclaré : « Du point de vue de la gouvernance d'entreprise, j'aimerais souligner que l'ensemble du Conseil est composé d'administrateurs indépendants. Je suis heureux de les accueillir et j'ai hâte de travailler ensemble au cours de l'année à venir. »

De plus, la Société annonce que le conseil d'administration a octroyé 2 625 000 options à des dirigeants, administrateurs et consultants de la société en vertu de son régime d'options d'achat d'actions. Les options peuvent être exercées pour une période de 5 ans au prix de 0,50 $ et sont acquises immédiatement.

À propos du projet Felix

Le projet Felix est situé dans un environnement d'origine volcanosédimentaire comprenant une unité de roche volcanique au nord, une autre au sud et la partie centrale est occupée par des roches sédimentaires. Des intrusions tardives sous forme de batholithes, de plutons ou de dykes sont également notées tout autour de la propriété. La propriété repose principalement sur les roches du Groupe de Chicobi. Le bassin sédimentaire contient des mudstones et des grès turbiditiques graphitiques, avec une formation mineure de fer rubanée magnétite-chert et hématite-jaspe et un conglomérat. Une importante formation de fer de type Algoma est présente dans la partie nord de la propriété. Les teneurs aurifères recoupées dans le forage historique sont situées près du contact sud de ce dernier. De plus, la faille régionale Chicobi-Nord traverse la partie nord de la propriété. Cette faille, de dimension régionale, borde le camp minier de Normétal au sud. Le projet est situé dans le prolongement est de ce camp minier où il y a d'anciennes mines de sulfures massifs et de nombreux indices d'or, comme ceux de l'ancienne mine d'or Perron sur lesquels Amex Exploration travaille activement. Des zones de cisaillement parallèles à la faille Chicobi-Nord se trouvent également dans les sédiments du Groupe de Chicobi comme en témoigne l'indice aurifère Authier situés à l'ouest de la propriété.

M. Gilles Laverdière, géologue-conseil et personne qualifiée en vertu du Règlement 43-101, a lu et approuvé le présent communiqué de presse.

À propos de Vanstar

Vanstar Mining Resources Inc. est une société d'exploration aurifère avec des propriétés dans le nord du Québec à différents stades de développement. La Société détient une participation de 25% dans le projet Nelligan (3,2 millions d'onces d'or inférées, NI 43-101 octobre 2019) et 1% NSR. Le projet Nelligan a remporté le prix « Découverte de l'année » lors du gala Xplor 2019 de l'Association d'exploration minière du Québec. Vanstar détient également 100% de la propriété Félix en développement dans le groupe de Chicobi (camp minier Abitibi, 65 km à l'est de la propriété Amex Perron) et 100% d'Amanda, une propriété de 7 306 ha située sur la formation Auclair avec des indices aurifères historiques titrant jusqu'à 12,1 g / t Au sur 3 mètres.

La Bourse de croissance TSX et son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent aucune responsabilité quant à la véracité ou l'exactitude de ce contenu.

SOURCE :

JC St-Amour
Président et PDG
+1 (647)-296-9871
jc@vanstarmining.com
www.vanstarmining.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92035

Albemarle (ALB) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 7.23%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $0.79 per share when it actually produced earnings of $1.10, delivering a surprise of 39.24%.

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

Albemarle, which belongs to the Zacks Chemical – Diversified industry, posted revenues of $773.9 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 1.68%. This compares to year-ago revenues of $764.05 million. The company has topped consensus revenue estimates three times over the last four quarters.

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

Albemarle shares have added about 40.3% since the beginning of the year versus the S&P 500's gain of 17.8%.

What's Next for Albemarle?

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

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.81 on $766.65 million in revenues for the coming quarter and $3.62 on $3.23 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical – Diversified is currently in the top 41% 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.

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
 
Albemarle Corporation (ALB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

By Ernest Scheyder

(Reuters) – Piedmont Lithium Inc expects to receive state regulatory approval for its proposed North Carolina lithium project and have it fully funded by mid-2022, its chief executive said on Tuesday.

Piedmont's project would be among the largest U.S. lithium mines and a key domestic source of the white metal for electric vehicle batteries. But some local North Carolina officials have voiced concerns about its environmental impact and said they may block or delay it.

The company will apply for a state mining permit by mid-August and expects the review process to last six to nine months, CEO Keith Phillips told the Jefferies Virtual Industrials Conference.

"We're very optimistic of receiving that permit," Phillips said, adding he also expects the company to receive a necessary zoning variance from Gaston County, west of Charlotte. Phillips did not forecast a timeline for county approval.

State and county officials could not immediately be reached for comment after regular business hours.

State officials told Reuters last month they expected an application "in the near future." County officials have said they would not consider a zoning change until a state permit is issued.

During his presentation, Phillips did not discuss an announcement earlier this week that Piedmont has pushed back its timeline to begin shipments of lithium chemicals to Tesla Inc .

To fund the $840 million project, Phillips said Piedmont expects to rely on a U.S. Department of Energy loan and an outside investor who could take a stake in up to half of the project "and hopefully pay a big price for that. If they don't, we won't bring in a partner."

Phillips said he hoped to have funding secured by the middle of next year.

The company, which recently took stakes in lithium projects in Quebec and Ghana, likely won't make other acquisitions in the near future, Phillips added.

(Reporting by Ernest Scheyder; Editing by David Gregorio)

TORONTO, August 03, 2021–(BUSINESS WIRE)–Nickel 28 Capital Corp. ("Nickel 28" or the "Company") (TSXV: NKL) (FSE: 3JC0) is pleased to release operating results for the six-month and three-month periods ended June 30, 2021 for the Company’s principal asset, an 8.56% joint-venture interest in the Ramu Nickel-Cobalt ("Ramu") integrated operation in Papua New Guinea. Highlights include significantly higher nickel and cobalt sales in a rising price environment for battery metals.

Highlights:

• Ramu H1 2021 production of 16,578 tonnes of contained nickel, which is 102% of nameplate capacity.

• Ramu nickel sales of 10,975 tonnes of contained nickel in Q2 2021, a 45% increase from the same period last year.

• Ramu cobalt sales of 1,004 tonnes of contained cobalt in Q2 2021, a 56% increase from the same period last year.

• LME average nickel price of US$7.87/lb. in Q2 2021, a 42% increase from the same period last year.

• Fast Markets average cobalt price of US$21.06/lb. in Q2 2021, a 39% increase from the same period last year.

"Ramu once again met production guidance in Q2 and had one if its best quarters ever for MHP sales, all in a rising nickel and cobalt price environment" stated Anthony Milewski, Chairman of Nickel 28. "We expect this to have a significant positive impact on Ramu’s profitability and cash flow in the second quarter, despite an increase in costs."

Production of 7,773 tonnes of nickel contained in MHP was 2% higher than the same period in the last year and on par with guidance. Overall Ramu has produced 16,578 tonnes of Ni contained in MHP in the first six months of 2021 compared to 16,238 for the same period in 2020. Year to date production is at 102% of nameplate capacity as Ramu continues to demonstrate exceptional performance despite the challenges introduced by the COVID pandemic over the last 18 months.

The LME price for Q2 2021 averaged $7.87/lb. compared to $5.53/lb. for the same period in the prior year, representing an improvement of 42% (all prices are reported in US$). The cobalt price (as reported by Fast Markets) averaged $21.06/lb. in the quarter compared to $15.19/lb. in Q2 2020 representing an improvement of 39%. Overall, the year-to-date nickel price is averaging US$7.92/lb. compared to US$5.65/lb. for the same period in 2020 and the cobalt price averaged $21.38 in H1 2021 compared to $15.93/lb. for H1 2020.

Actual cash costs for the quarter were $2.83 per pound of Ni contained in MHP, net of byproduct credits. This increase was primarily related to increased costs for sulphur and labour as a result of the pandemic coupled with planned reduced production in the quarter. Overall, the H1 2021 cash costs were in line with expectations at $2.13 per pound of nickel, which compares to $2.11 reported in 2021 for the same period.

Ramu’s operating, sales and cash costs for the periods noted are presented below, noting that these figures are unaudited.

A. Nickel 28 has included certain performance measures in this press release that do not have any standardized meaning prescribed by international financial reporting standards (IFRS) including Cash Cost Actual. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change.

B. These figures have not been audited and are subject to change. the information presented above has not been audited by the company's independent accountants, should not be considered a substitute for audited financial statements and should not be regarded as a representation by the company as to the actual financial results

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Investor inquiries can be directed to info@nickel28.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements and figures with respect to the operational and financial results; statements related to the production impacts of the Covid-19 pandemic; and statements with respect to the business and assets of the Company and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005425/en/

Contacts

Investors:
Justin Cochrane
info@nickel28.com

(Reuters) – A union representing striking workers at Vale SA's nickel mine in Sudbury, Canada reached a tentative agreement to settle an ongoing labor dispute that saw 2,500 workers walk off their job on June 1, hitting the Brazilian miner's production.

The five-year agreement, posted on the United Steelworkers (USW) website, includes "significant monetary improvements for existing members and preserves retiree health benefits for all future hires," and will be put to vote on Tuesday, a USW Local 6500 union representative told Reuters.

Vale will also pay $2,500 to the workers in August, "in recognition of their efforts last year during the pandemic," according to the agreement recommended by USW Local 6500.

USW Local 6500 members had voted down Vale's two previous offers. They were against the company's plans to cut health and medical benefits for retirees as well as minimal wage increases.

(Reporting by Sahil Shaw in Bengaluru; Editing by Shinjini Ganguli)

Wall Street has started August mostly lower after a solid July. The growing resurgence of the highly-infectious Delta variant of COVID-19 and mounting inflationary pressure on the back of significant supply-side disruptions have dented investors' confidence to some extent.

The second-quarter earnings season has been impressive so far. The major part of the earnings season will be over this week. Market participants are concerned whether the U.S. economic recovery has already reached its peak and what the next driver for the risky stock markets will be.

The proposed infrastructure plan of the Biden administration is likely to play the role of a key catalyst going forward. The bill will provide federal money into physical infrastructure projects such as roads, bridges, passenger rails, airports, drinking water and waste-water systems, high-speed Internet and climate-related infrastructure.

Biden's Infrastructure Plan

On Aug 1, Senate introduced a bipartisan infrastructure bill of $550 billion in addition to the previously approved funds of $450 billion for five years. The 2,702-page legislation is aimed at establishing the United States with the world's best economic infrastructure. Total spending may go up to $1.2 trillion if the plan is extended to eight years.

The infrastructure bill will provide $100 billion toward roads, bridges and other major projects. The bill will provide $11 billion toward reducing car crashes and fatalities through a “Safe Streets for All” program. The plan allocates $39 billion to modernize public transit and improve access for disabled people.

In addition, the bill has proposed $66 billion for passenger and freight rail, $15 billion for electric vehicles and buses, and $17 billion for airports, ports and waterways. The plan will invest $50 billion and $55 billion in water infrastructure and clean water projects, respectively.

Moreover, $65 billion will be invested in high-speed Internet (broadband), $21 billion in environmental clean-up and $73 billion in Power infrastructure.

Majority leader Chuck Schumer aims to pass the bill before Senate’s month-long recess starting Aug. 9. Moreover, the Democrats will also try to pass a budget measure allowing them to approve a separate $3.5 trillion spending package without a Republican vote. The massive $3.5 trillion plan will include child care, tax breaks, health care and environmental issues.

U.S. Economy Exceeds Pre-Pandemic Level

The Department of Commerce reported that the U.S. GDP grew 6.5% in second-quarter 2021, far below the consensus estimate of 8.4%. Despite missing the estimate, in absolute term, U.S. GDP in second-quarter 2021 came in at $19.4 trillion, exceeding $19.2 trillion recorded in fourth-quarter 2019, the last quarter before the global outbreak of coronavirus.

The consumer spending that accounts for nearly 70% of the GDP, remained rock solid. The core personal consumption expenditure (excluding volatile food and energy items) jumped 6% in the second quarter from an upwardly revised 2.7% in the previous quarter.

The proposed infrastructure plan will generate a good number of jobs to help the struggling labor market and in turn provide more money to Americans as the existing coronavirus-led fiscal stimulus will fade out gradually.

Our Top Picks

We have narrowed down our search to five stocks that are likely to gain from the newly proposed infrastructure development plan. These stocks have strong potential for 2021 and witnessed solid earnings estimate revisions within the last 30 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The chart below shows the price performance of our five picks year to date.

Image Source: Zacks Investment Research

Caterpillar Inc. CAT manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide. The pickup in global industrial activity is likely to contribute to its top-line performance in the coming quarters.

The Zacks Rank #2 company has an expected earnings growth rate of 48.2% for the current year. The Zacks Consensus Estimate for the current year has improved 0.5% over the last 30 days. The stock price has surged 12.7% year to date.

Terex Corp. TEX manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms and Materials Processing. Terex is focused on aligning production and cost structure across segments in response to the customer demand environment while also aggressively managing cost and working capital.

The Zacks Rank #1 company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 1.2% over the last 30 days. The stock price has climbed 36.6% year to date.

Nucor Corp. NUE is a leading producer of structural steel, steel bars, steel joists, steel deck and cold-finished bars in the United States. It operates through three segments: Steel Mills, Steel Products, and Raw Materials.

The company is seeing consistent momentum in the non-residential construction market. Demand in non-residential construction markets was strong in the most recent quarter. Nucor’s downstream products unit is benefiting from the continued strength of non-residential construction markets.

The Zacks Rank #1 company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for its current-year earnings has improved 3.6% over the last 7 days. The stock price has soared 91.9% year to date.

United States Steel Corp. X produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).

The investment in Big River will bolster U.S. Steel’s position in high-margin steel-end markets including energy, infrastructure and automotive. U.S. Steel expects the investment will strengthen its Flat-Rolled segment’s position to cater to the growing U.S. and Mexican markets.

The Zacks Rank #1 company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for its current-year earnings has improved 26.9% over the last 30 days. The stock price has jumped 49.5% year to date.

Crane Co. CR manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

The company is poised to benefit from its diverse portfolio and efficient management team. It has exposure in many end markets like non-residential construction, aerospace, electronics, automated payment solutions, chemical, power and various general industries.

The Zacks Rank #2 company has an expected earnings growth rate of 59.6% for the current year. The Zacks Consensus Estimate for its current-year earnings has improved 6.4% over the last 7 days. The stock price has advanced 24.2% year to date.

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

Caterpillar Inc. (CAT) : Free Stock Analysis Report

United States Steel Corporation (X) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

Terex Corporation (TEX) : Free Stock Analysis Report

Crane Co. (CR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Rio Tinto (RIO) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.

Rio Tinto is one of 251 companies in the Basic Materials group. The Basic Materials group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. RIO is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for RIO's full-year earnings has moved 18.87% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that RIO has returned about 16.06% since the start of the calendar year. Meanwhile, the Basic Materials sector has returned an average of 14.92% on a year-to-date basis. This means that Rio Tinto is outperforming the sector as a whole this year.

Looking more specifically, RIO belongs to the Mining – Miscellaneous industry, which includes 47 individual stocks and currently sits at #197 in the Zacks Industry Rank. Stocks in this group have gained about 18.49% so far this year, so RIO is slightly underperforming its industry this group in terms of year-to-date returns.

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

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

Endeavour Silver (EXK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 10. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus Estimate

This silver mining company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +250%.

Revenues are expected to be $47.15 million, up 133.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 42.86% higher over the last 30 days to the current level. 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

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. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

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 Endeavour Silver?

For Endeavour Silver, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -28.57%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Endeavour Silver 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 Endeavour Silver would post earnings of $0.02 per share when it actually produced a loss of $0.03, delivering a surprise of -250%.

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

Endeavour Silver 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

Endeavour Silver Corporation (EXK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores?

The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on — that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value Score

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth Score

Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum Score

Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM Score

If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank

The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: VALE S.A. (VALE)

Brazil-based Vale S.A. is one of the world’s largest mining companies with a market capitalization of $109 billion. It produces iron ore, iron ore pellets and nickel. It also produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver and cobalt.

VALE is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 3.58; value investors should take notice.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $0.57 to $5.93 per share. VALE boasts an average earnings surprise of 14.3%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, VALE should be on investors' short list.

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
 
VALE S.A. (VALE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

DENVER, CO / ACCESSWIRE / August 3, 2021 / Solitario Zinc Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to announce that it has acquired approximately 11,600 acres of mineral rights in western South Dakota known as the Golden Crest Project. These mineral claims comprise strategic land holdings in a gold district that has historically produced from multiple mines ranging in production from several million to the more than 40 million ounces of gold at the Super Giant Homestake Mine. The project area is in a safe and mining friendly jurisdiction with highly developed infrastructure, an unbroken 145-year record of continuous gold mining, a skilled mining workforce and a history of high-grade, underground mineable gold deposits.

Chris Herald, President and CEO of Solitario, stated: "Golden Crest is the most significant gold exploration effort we have ever undertaken in our corporate history. The northern Black Hills is one of the most gold-endowed regions in the world and we firmly believe that it has the potential to host multiple new, world class gold deposits. We have been working on this project for nearly a year and have assembled a significant land position in this exciting gold belt.

Adding the Golden Crest gold project to our two high-grade zinc assets, Florida Canyon and Lik, creates a company with a compelling value proposition in zinc and an exciting green fields gold property situated in an exceptional gold belt that is underexplored."

What We Know About Super Giant Gold Deposits

The historic Homestake Mine (42 million mined ounces and 20 million unmined ounces of gold) is one of the largest individual gold deposits in North America and has the distinction of falling into a rare class known as Super Giant gold deposits (deposits containing +58 million ounces). There are less than forty known gold deposits of this size worldwide. Super Giant deposits are characterized by a cluster of surrounding geologically similar deposits within an area of several hundred square kilometers that define profoundly mineralized regions. Globally, these deposit clusters nearly always contain satellite gold endowments in excess of 100 million ounces. Examples of Super Giants and their associated clusters include the Timmins-Abitibi Belt (Canada), Golden Mile-Eastern Goldfields (Australia), Obuasi-West Africa and Carlin/Gold Strike-Carlin Trend (Nevada).

Chris Herald further stated, "We do not believe that the Homestake Super Giant deposit exists in isolation, but is located within a group of gold deposits, the majority of which are yet to be discovered. The region has exceptional exploration potential representing one of the world's best districts for undiscovered large gold deposits. We believe areas west of the Homestake Mine have a high potential for the discovery of significant new deposits through a well-funded and systematic modern exploration strategy. Historic Homestake Mining Company exploration reports and new syntheses of Black Hills geology provide strong support for the gold potential in areas that Solitario has staked. This information, coupled with our own ongoing independent work, formed the basis for our Golden Crest land acquisition program."

The World's Most Underexplored Super Giant Gold Region in the World – Where Are the Undiscovered 100 Million Ounces of Gold?

Most of the known gold deposits in the Black Hills were found at the surface during the Black Hills Gold Rush from 1876-1896. Exploration efforts to locate totally new deposits have been slight and sporadic during the past 120 years. Despite the immense fertility of the district, no comprehensive and systematic exploration program has ever been performed, even by Homestake Mining Company. Remarkably, no truly new gold deposits have been discovered in the Black Hills since the turn of the 20^th Century.

The Homestake Mine operated continuously for approximately 125 years (1876 – 2001) during which time the Homestake Mining Company had a virtual monopoly on ownership of mineral lands throughout much of the region. Homestake had ample future reserves for over a hundred years of mine operations, and so it never felt compelled to search for gold regionally. During this period, nearly all of Homestake's exploration work was conducted within three to four miles of the original discovery, except for a period between 1988 to 1993.

Homestake's very limited amount of regional exploration work in the 80's and early 90's included a widely spaced stream sediment geochemistry program over an area of seventy-five square miles. This effort identified five largely unexplored drainage areas in the western part of the district with anomalous gold and associated pathfinder elements. Four of these five anomalies had completely unexplained bedrock gold sources, well outside of known historically mined areas. Solitario now controls all four of the likely bedrock source regions of these sediment anomalies and is conducting exploration to further define gold distribution.

In addition, Homestake drilled three deep reconnaissance wildcat holes in the western portion of the northern Black Hills to test for the presence of favorable Precambrian rocks. Two of these holes intersected the important ore-hosting Homestake Iron Formation within areas that Solitario now controls.

Target Rich Property – Every Drill Hole Will Test Three Different Gold Target Zones

The Black Hills exhibits a remarkable spatial superposition of significant gold deposit types of different ages, all within a single compact mining district. Few other districts in the world possess this feature. Large Precambrian-aged orogenic gold deposits, such as Homestake, hosted in Precambrian basement, are overlain by ancient paleoplacers at the Precambrian-Cambrian unconformity that preserve gold eroded from the older deposits during Precambrian weathering and erosion. These in turn are overlain by Paleozoic sedimentary rock sequences 300-400 meters thick that contain several prominent stratigraphic hosts for Tertiary-aged replacement style gold mineralization in high-grade veins and disseminated bulk tonnage deposits. The contemporaneous igneous rocks associated with the Tertiary mineralizing event that intrude the Paleozoic rocks and basement also host significant gold resources. Initial exploration work by Solitario suggest these gold targets lying above the Precambrian basement occur within Solitario's Golden Crest Project property position and can easily be reached by drilling to depths ranging from 200-400 meters.

Thus, every exploration hole has the opportunity to test for multiple deposit types as it cuts through Paleozoic or igneous rocks searching for concealed Precambrian gold. These stacked targets significantly de-risk the exploration for the larger, but more challenging to find, Precambrian deposits. Several of these additional deposit types can be world class targets in their own right: the sediment-hosted Wharf Mine of Coeur Mining has a total gold resource base of 7.4 million ounces (mined and current resources) and the igneous-hosted Gilt Edge Mine of Agnico Eagle Ltd hosts a growing resource in excess of 3 million ounces of gold.

Land Position and Lease Terms

The Golden Crest project consists of 580 claims covering 11,600 acres. Of this, approximately two-thirds of the claims are subject to a lease signed in late-May 2021, with a private LLC. According to the terms of the lease, Solitario owns a 100% interest in these claims subject to certain scheduled annual payments, work commitments, a potential success bonus, and a 2% Net Smelter Return Royalty. Solitario has the option, but not the obligation, to reduce the Net Smelter Return royalty to 1.0% by paying the owner $1,000,000. Solitario paid the underlying owner $65,000 upon signing. In addition, Solitario has agreed, at its option, to pay the underlying owner the following annual payments and perform the following minimum work commitments to keep the lease in good standing:

About Solitario

Solitario is an emerging zinc and gold exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its newly acquired Golden Crest properties, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario's Management and Directors hold approximately 9.3% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$6.9 million. Additional information about Solitario is available online at www.solitariozinc.com.

For More Information Please Contact:

Valerie Kimball
Director – Investor Relations
(720) 933-1150
(800) 229-6827

Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws),that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical fact. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Forward-looking statements involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Solitario's Golden Crest land position does not cover any of the areas of historical gold production or historical unmined resources, but are thought to be on trend with these known areas of mineralization. Certain historical information concerning exploration and gold production in the Black Hills region has been obtained through both public and private sources and are believed to be substantially factual, but Solitario can give no assurances of the accuracy of such information. Such forward-looking statements include, without limitation, statements regarding the Company's expectation of the projected timing and outcome of engineering studies; expectations regarding the receipt of all necessary permits and approvals to implement a mining plan, if any, at Lik or Florida Canyon; the potential for confirming, upgrading and expanding zinc, lead and silver mineralized material; future operating and capital cost estimates may indicate that the stated resources may not be economic; estimates of zinc, lead and silver grades of resources provided are predicted and actual mining grade could be substantially lower; estimates of recovery rates for could be lower than estimated for establishing the cutoff grade; and other statements that are not historical facts could vary significantly from assumptions made in the PEA. Although Solitario management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to risks that Solitario's and its joint venture partners' exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of zinc, lead and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; availability of outside contractors, and other activities; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; the possibility that environmental laws and regulations will change over time and become even more restrictive; and availability and timing of capital for financing the Company's exploration and development activities, including uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Solitario's filings with the U.S. Securities and Exchange Commission (the "SEC") including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/657945/Solitario-Establishes-Major-New-Land-Positions-in-Highly-Prospective-Gold-Terrain-in-the-United-States

Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations

NEW YORK, Aug. 3, 2021 /CNW/ – Virtual Investor Conferences, the leading proprietary investor conference series today announced that the presentations from the July Green Energy & Precious Metals lnvestor Conference are now available for on-demand viewing.

REGISTER OR LOGIN NOW TO VIEW THE PRESENTATIONS: https://bit.ly/37cWBqt

The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the "virtual trade booth" for the next three weeks.

Participating Companies:

To facilitate investor relations scheduling, for more information about the program and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

SOURCE VirtualInvestorConferences.com

View original content: http://www.newswire.ca/en/releases/archive/August2021/03/c1698.html