Vancouver, British Columbia–(Newsfile Corp. – August 3, 2021) – Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has announced positive results from the Preliminary Economic Assessment on its La Loutre Graphite Project in southern Quebec. The 100% owned La Loutre Project is located in the Nominingue-Chénéville Deformation Zone in Quebec. The property, which consists of one large contiguous block of 42 mineral claims totaling 2,509 hectares or approximately 25 square kilometres, is located approximately 117 kilometres northwest of Montréal in southern Québec, 230 kilometres southwest of the Nouveau Monde Matawinie Project and 100 kilometres southeast of the Imerys' Lac-des-îles mine.

The PEA was completed by Ausenco Engineering Canada, the Canadian division of the Australian-based global engineering firm with a 30 year track record with projects spanning more than 80 locations worldwide.

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Based on a drill hole database containing 117 drill holes, consisting of 15,160 metres of drilling and 8,850 assay intervals, the project has a mineral resource estimate of 23,165 kilo tonnes of 4.51% graphite for 1.04 metric tonnes of graphite in the Indicated category, and 46,821 kilo tonnes of 4.01% graphite for 1.9 metric tonnes of graphite in the Inferred category, using a 1.5% cut-off grade. The cut-off grade is based on a processing cost of CDN$11.85 per tonne, and General and Administrative Costs of CDN$2.37 per tonne. A cut-off grade of 1.5% has been used for the base case of the resource estimate, which more than covers the Process and General and Administrative Costs.

The mine plan includes 21.9 metric tonnes of mill feed and 88.4 metric tonnes of waste over the 14.7-year project life. Mine planning is based on conventional open pit methods suited for the project location and local site requirements. Owner-operated and managed open pit operations are anticipated to begin prior to mill start up, running for 14.7 years to pit exhaustion, with feed from the low-grade stockpile supplementing plant feed over the last two years. The PEA indicates the property has the geological potential to extend the mine life beyond the initial 14.7 years presented in the PEA as well as the opportunity to expand the scale of production by increasing the mineral resource through ongoing exploration and drilling.

With a strong treasury to support their next steps, Lomiko plans to commence a Preliminary Feasibility Study and Environmental Impact Studies while continuing to explore the geological potential of the property. Management believes the PEA clearly demonstrates the potential for Lomiko to become a major North American graphite producer, with a positive after-tax Internal Rate of Return of 21.5% and after-tax Net Present Value of $186 million.

Management cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability.

For a more detailed analysis of the PEA, please refer to the news release. The shares are trading at $0.145. For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

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TORONTO, Aug. 3, 2021 /PRNewswire/ – Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce the completion of its acquisition of 50% ownership of JCU (Canada) Exploration Company, Limited ("JCU"), from UEX Corporation ("UEX"), for cash consideration of $20.5 million. Denison's acquisition of a 50% interest in JCU occurred immediately following UEX's acquisition of all the outstanding shares of JCU from Overseas Uranium Resources Development Co., Ltd. ("OURD") for cash consideration of $41 million. View PDF version

David Cates, President and CEO of Denison, commented, "Denison is pleased to have acquired a 50% interest in JCU – which holds a unique and valuable portfolio of strategic Canadian uranium interests, including a 10% interest in Denison's flagship Wheeler River project. We believe there is considerable value in JCU's portfolio of assets and that this transaction is highly accretive for Denison shareholders.

In addition to consolidating an effective 95% interest in Wheeler River, this acquisition expands Denison's leading Athabasca Basin development portfolio to include additional important Canadian uranium development projects such as Millennium and Kiggavik."

JCU's Project Portfolio

JCU holds a portfolio of twelve uranium project joint venture interests in Canada, including a 10% interest in Denison's 90% owned Wheeler River project, a 30.099% interest in the Millennium project (Cameco Corporation 69.901%), a 33.8123% interest in the Kiggavik project (Orano Canada Inc. 66.1877%), and a 34.4508% interest in the Christie Lake project (UEX 65.5492%).

Term Loan to UEX

Pursuant to Denison's agreement with UEX (see press release dated June 15, 2021), Denison provided UEX with an interest-free 90-day term loan of $40.95 million (the "Term Loan") to facilitate UEX's purchase of JCU from OURD. On the transfer of 50% of the shares in JCU from UEX to Denison, $20.5 million of the amount drawn under the Term Loan was deemed repaid by UEX. Accordingly, UEX has currently drawn $20.45 million under the Term Loan, which is due to Denison by November 1, 2021.

UEX may extend the Term Loan maturity by an additional 90 days (to January 30, 2022), in which case interest will be charged at a rate of 4% from the date of the initial advance under the Term Loan (August 3, 2021) until maturity. All of the shares of JCU owned by UEX will be held by Denison as security against the Term Loan pursuant to a pledge agreement until the Term Loan is repaid in full. The Term Loan is subject to certain customary terms and conditions and contains standard events of default that protect Denison.

Further details of the terms of the transaction are described in Denison's June 15, 2021 press release and under Denison's profile at www.sedar.com and www.sec.gov/edgar.

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

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 terms of the Term Loan, including the conditions and other rights and obligations of the parties; 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. Denison believes that the expectations reflected in this forward-looking information are reasonable and 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 the Annual Information Form dated March 26, 2021 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.

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SOURCE Denison Mines Corp.

LITTLETON, CO / ACCESSWIRE / August 3, 2021 /Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") has filed the Company's Form 10-Q for the quarter ended June 30, 2021, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities at www.sedar.com.

Ur-Energy Chairman and CEO, Jeff Klenda said, "We are pleased to announce our results from the first half of 2021. We ended the period with more than $20 million in cash and 285,000 pounds U.S. produced U₃O₈ in inventory at the conversion facility. We continued to advance regulatory approvals at both our Lost Creek Property and Shirley Basin Project. Having received all remaining major approvals for Shirley Basin during Q2, our second uranium project in Wyoming now stands construction ready. The approvals also mean that we have effectively doubled the Company's licensed and permitted production capacity.

"As we recognize the eighth anniversary of operations at Lost Creek, we are encouraged by positive catalysts and increased investor interest in the uranium market, which in time should allow us to ramp up to full production again. While our first priority in ramp up will be to recover the remaining uranium resources in the existing two mine units at Lost Creek, the recent and anticipated regulatory approvals for recovery at the adjacent LC East project will allow us to subsequently expand our planned production into several additional mine units.

"We remain grateful for our dedicated operations and technical staff as they continue to optimize all operational aspects of Lost Creek. Lost Creek is an exceptional property and we are fortunate to have an experienced and professional team ready to ensure the most efficient return to full production operations when conditions warrant."

Financial Results
As of June 30, 2021, we had cash resources consisting of cash and cash equivalents of $21.5 million.

In addition to our cash position, our finished, ready-to-sell, conversion facility inventory value is immediately realizable, if necessary. We do not anticipate selling our existing finished-product inventory in 2021, unless market conditions change sufficiently to warrant its sale.

During the quarter, we received notifications that the principal amount of $893 thousand and accrued interest of approximately $10 thousand were forgiven under the terms of the Small Business Administration Paycheck Protection Program. This was treated as a forgiveness of debt on the Consolidated Statements of Operations for the three-months ended June 30, 2021 and a $903 thousand gain on debt forgiveness was recognized in other income.

Lost Creek Operations
Lost Creek continues to operate at reduced production levels while we await the implementation of the national uranium reserve, further relief pursuant to the recommendations of the United States Nuclear Fuel Working Group (the "Working Group") and additional positive developments in the uranium markets. The reduced production operations have allowed us to sustain operating cost reductions at Lost Creek, while continuing to conduct preventative maintenance and optimize processes in preparation for ramp up to full production rates. These preparations include advanced planning for anticipated drilling and production well installation in our fully permitted Mine Unit 2 ("MU2").

The Wyoming Uranium Recovery Program has approved an amendment to the Lost Creek source material license to include recovery from the uranium resource in the LC East Project (HJ and KM horizons) immediately adjacent to the Lost Creek Project. This license approval grants the Company access to six planned mine units in addition to the already licensed three mine units at Lost Creek. The approval also increases the license limit for annual plant production to 2.2 million pounds U₃O₈ which includes wellfield production of up to 1.2 million pounds U₃O₈ and toll processing up to one million pounds U₃O₈.

The Wyoming Department of Environmental Quality, Land Quality Division, continues its review of the application for amendment to the Lost Creek permit to mine which will add the LC East and KM mine units. We anticipate that the Land Quality Division review will be complete in 2021.

Shirley Basin Project
During Q2 the State of Wyoming and the EPA completed their respective reviews of our Shirley Basin Project and issued the source material license, permit to mine, and aquifer exemption for the project. These three approvals represent the final major permits required to begin construction of the Shirley Basin Project.

The Company plans three relatively shallow mining units at the project, where we have the option to build out a complete processing plant with drying facilities or a satellite plant with the ability to send loaded ion exchange resin to Lost Creek for processing. As approved, the Shirley Basin processing facility is allowed to recover up to one million pounds U₃O₈ annually from the wellfield. The annual production of U₃O₈ from wellfield production and toll processing of loaded resin or yellowcake slurry will not exceed two million pounds equivalent of dried U₃O₈ product.

Situated in an historic mining district, the project has existing access roads, power, waste disposal facility and shop buildings onsite. Because delineation and exploration drilling were completed historically, the project is construction ready. All wellfield, pipeline and header house layouts are finalized and additional, minor on-the-ground preparations have been initiated in 2021 Q3.

2021 Continuing Guidance
International recognition of nuclear power's role in achieving net-zero carbon emissions goals has resulted in a renewed interest in the uranium sector in 2021. The Paris Climate Agreement calls for net-zero carbon emissions by 2050 and the U.S. has rejoined the agreement under the Biden Administration, which continues to demonstrate support for the nuclear industry.

Our current cash position as of July 28, 2021, is $20.8 million. In addition to our strong cash position, we have nearly 285,000 pounds of finished, U.S. produced inventory, worth $9.2 million at recent spot prices. Our financial position provides us with adequate funds to maintain and enhance operational readiness at Lost Creek, as well as preserve our existing inventory for higher prices.

Our long-tenured operational and professional staff have significant levels of experience and adaptability which will allow for an easier transition back to full operations. Lost Creek operations can increase to full production rates in as little as six months following a go decision, simply by developing additional header houses within the fully permitted MU2. Development expenses during this six-month ramp up period are estimated to be approximately $14 million and are almost entirely related to MU2 drilling and header house construction costs. We are prepared to ramp up and to deliver our Lost Creek production inventory to the new national uranium reserve.

Additionally, with all major permits and authorizations for our Shirley Basin Project now in hand, we stand ready to construct at the mine site when market conditions warrant. We estimate up to nine years production at the project based upon the mineral resources reported in the Shirley Basin Preliminary Economic Assessment.

We will continue to closely monitor the uranium market and any actions or remedies resulting from the Working Group's report, the implementation of the uranium reserve program, or any further legislative actions, which may positively impact the uranium production industry. Until such time, we will continue to minimize costs and maximize the ‘runway' to maintain our current operations and the operational readiness needed to ramp up production when called upon.

About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. We have produced, packaged, and shipped approximately 2.6 million pounds U₃O₈ from Lost Creek since the commencement of operations. Ur-Energy now has all major permits and authorizations to begin construction at Shirley Basin, the Company's second in situ recovery uranium facility in Wyoming and is in the process of obtaining remaining amendments to Lost Creek authorizations for expansion of Lost Creek. Ur‑Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. The primary trading market for Ur‑Energy's common shares is on the NYSE American under the symbol "URG." Ur‑Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is located in Littleton, Colorado and its registered office is located in Ottawa, Ontario.

FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Klenda, Chairman & CEO
866-981-4588
Jeff.Klenda@Ur-Energy.com

Cautionary Note Regarding Forward-Looking Information
This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., our ability to control production operations at lower levels at Lost Creek in a safe and compliant manner; ability and timing to receive remaining permits and authorizations related to our LC East project; the timing to determine future development and construction priorities for Lost Creek and Shirley Basin, and the ability to readily ramp up and transition in a timely and cost-effective manner to full production operations when conditions warrant; the life of mine, costs and production results for Lost Creek and Shirley Basin; the ability of the Biden Administration to advance its clean energy agenda, its timing and whether meaningful changes for nuclear power may positively affect the domestic uranium recovery industry; the timing and program details for establishment of the new national uranium reserve, and our role in the reserve program; further implementation of recommendations from the U.S. Nuclear Fuel Working Group, including the timeline and scope of proposed remedies and related budget appropriations processes; and whether our financing activities and cost-savings measures which we have implemented will be sufficient to support our operations and for what period of time, including whether we will sell our current inventory during 2021) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic, technical and competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," or "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; fluctuations in commodity prices; failure to establish estimated resources; the grade and recovery of mineral resources which are mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in regulatory and legislative requirements; inflation; changes in exchange rates; delays in development and other factors described in the public filings made by the Company at www.sedar.com and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.

SOURCE: Ur-Energy Inc.

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Vancouver, British Columbia–(Newsfile Corp. – August 3, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that the Company has completed a diamond drilling program at its Firebird Nickel Project ("Firebird") located near the town of Stony Rapids in northern Saskatchewan. The drilling program was fully-funded by ALX's exploration partner Rio Tinto Exploration Canada Inc. ("Rio Tinto") with ALX as operator. The summer 2021 drilling program encountered sulphides in an area that has never previously been drill-tested, providing a proof of concept for exploration at Firebird.

Firebird 2021 Exploration Program

The helicopter-assisted drilling program began in the third week of June 2021 on the first of four high-priority targets. Ground geophysical surveys were carried out on three targets to improve the definition of the conductive anomalies detected in a 2020 airborne survey. A total of 739.5 metres was completed in four diamond drill holes (see map below).

Sulphide mineralization was intersected at shallow depths in three of the four completed drill holes (see summary table below), with up to 55% sulphides estimated in hole FIRE-003 from the interval at 71.85 metres to 72.63 metres. When logging the drill core, a portable X-ray fluorescence device was used to confirm the presence of nickel and copper, however, absolute geochemical values cannot be reliably estimated and consequently are not reported at this time. Drill core is being shipped for analysis to ALS Global Geochemistry Analytical Lab in North Vancouver, BC, Canada. Results are expected later in August 2021 and will be released by the Company after their receipt, compilation and interpretation.

Summary of Firebird 2021 Drill Holes

* True widths of mineralized zones are not yet known

Example of sulphides at 80.45 metres intersected in hole FIRE-003

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The Firebird 2021 exploration program began during the first week of June with a ground-truthing program of geophysical anomalies that were detected in the airborne VTEM™ Max survey completed in October 2020 (see ALX news release dated November 9, 2020, "ALX Resources Corp. and Rio Tinto Locate Airborne EM Anomalies at the Firebird Nickel Project"). The 2021 drilling program that followed faced a number of challenges, including mechanical difficulties and extreme heat that impacted drilling efficiency. All drill holes received downhole electromagnetic surveys after their completion to better define the targeted geophysical anomalies, which resulted in a reset of hole FIRE-002, having undercut the targeted conductor. The fourth target area, Currie Lake West, was not tested in this program due to the pending unavailability of the helicopter and drill.

Click on the highlighted link to view maps and pictures of ALX's exploration activities at the Firebird Nickel Project

About the Firebird Nickel Project

ALX owns 100% of Firebird, subject to 2.0% net smelter returns royalties on certain claims acquired from arm's-length vendors to the Company. ALX acquired its first claims at Firebird during a staking rush in May 2019. Additional land purchases and acquisitions by staking in 2019 and 2020 has increased the size of the Project to approximately 20,491 hectares (50,635 acres). Mobilization of equipment and personnel is achieved from the town of Stony Rapids, SK, located approximately 18 kilometres (11 miles) by air from the centre of the Project. Stony Rapids is connected to the Saskatchewan provincial road system by all-weather Highway 905 and has a fully-serviced airport to support both fixed-wing aircraft and helicopters.

Firebird is currently the subject of an option agreement whereby Rio Tinto Exploration Canada Inc. ("Rio Tinto") can earn up to an 80% interest in Firebird by incurring exploration expenditures of $12.0 million over a six-year period and by making a total of $125,000 in cash payments to the Company (see ALX news release dated August 24, 2020, "ALX Resources Corp. Announces Earn-In for the Falcon Nickel Project").

The 2020 airborne survey successfully delineated several new anomalous zones of strong conductivity in the northern part of Firebird where no modern airborne survey had ever been flown and high-grade nickel is present on surface. For example, in July 2020 ALX sampled up to 2.43% nickel in surface grab sampling in the Wiley Lake target area and up to 1.31% nickel in outcrop drilling using a portable backpack drill (see ALX news release dated July 27, 2020, "ALX Resources Corp. Samples up to 2.43% Nickel and 8.34 Grams/Tonne Gold in the Northern Athabasca Region, Saskatchewan"). ALX and Rio Tinto personnel subsequently identified high-priority anomalies from the VTEM™ survey results based on their strong conductivity and coincident high magnetic responses, which suggested the presence of sulphides, and subsequently developed drill targets for the summer of 2021.

National Instrument 43-101 Disclosure

Quality Assurance/Quality Control ("QA/QC")

A QA/QC following industry best practices was incorporated into the drill core sampling and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 10%. All drill core samples were collected as half-split core, apart from quarter-split duplicates.

All samples are shipped by ground to ALS Global Geochemistry Analytical Lab ("ALS") in North Vancouver, BC, Canada, for multi-element analysis. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of ALX and its Qualified Person.

Mafic intrusive and mineralized samples are to be analyzed using ALS's super trace multi-element complete characterization package. This includes determination of major oxides by fused bead preparation with ICP-ES determination, C and S by combustion furnace, Au-Pd-Pt by 30 gram lead fire assay with ICP-MS determination, resistate elements by lithium borate fusion with ICP-MS determination, aqua regia digest ICP-MS determination for volatile trace elements, and 4-acid digest ICP-MS determination for base metals. Overlimits for Pd and Pt (>1 ppm) will be analyzed via PGM-ICP27. Overlimits for Au (>1 ppm) will be analyzed via Au-AA25. Overlimits for Ni and Cu (>1%) and S (>5%) will be analyzed via ME-ICP81 for all elements.

Barren country rock samples are to be analyzed using ALS's super trace multi-element 4 acid digest with ICP-MS determination for 51 elements plus Au-Pt-Pd by 30 gram lead bead fire assay ICP-MS determination and pXRF determination for 7 resistate elements (Cr, Nb, Si, Ta, Ti, Y, Zr).

The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., a Director of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF". ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include gold, nickel, copper, and uranium projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan and Ontario, stable Canadian jurisdictions that collectively host the highest-grade uranium mines in the world and offer a significant legacy of production from gold and base metals mines.

ALX owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Vixen Gold Project, the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, and in the Draco VMS Project in Norway. ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the prolific Patterson Lake Corridor, with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project, a joint venture with UEX Corporation and Orano Canada Inc., and a 100% interest in the Gibbons Creek Uranium Project.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com

On Behalf of the Board of Directors of ALX Resources Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include references to ALX's exploration projects, their prospectivity for minerals, and the Company's plans to undertake exploration activities at its projects. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at its projects, including drilling; initial findings at its projects may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at its projects; and economic, competitive, governmental, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop our projects, and even if nickel, gold or other metals or minerals are discovered in quantity, the projects may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Three Months Ended March 31, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91784

New York, New York–(Newsfile Corp. – August 3, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL) (NASDAQ: PLLL) between March 16, 2018 and July 19, 2021, inclusive (the "Class Period"), of the important September 21, 2021 lead plaintiff deadline.

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

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

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

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

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

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

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

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

——————————-

Contact Information:

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91957

U.S. steelmakers are posting great results and their stocks have rallied. But now is not the time to jump into this sector.

FMC (FMC) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 2.26%. A quarter ago, it was expected that this chemical producer would post earnings of $1.52 per share when it actually produced earnings of $1.53, delivering a surprise of 0.66%.

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

FMC, which belongs to the Zacks Chemical – Diversified industry, posted revenues of $1.24 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $1.16 billion. The company has topped consensus revenue estimates four 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.

FMC shares have lost about 7.3% since the beginning of the year versus the S&P 500's gain of 16.8%.

What's Next for FMC?

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

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

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

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

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.70 on $1.22 billion in revenues for the coming quarter and $7.15 on $5.01 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 38% 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
 
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Vancouver, British Columbia–(Newsfile Corp. – August 3, 2021) – Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to report the planned start of field work and receipt of the second option payment from Minsur S.A. ("Minsur") of US$200,000 as part of an Option and Royalty Agreement ("the Agreement") for the Lara Copper Project signed in July 2020.

The Lara Copper Project comprises of mineral rights covering a partly defined copper-molybdenum porphyry deposit, located in the Laramate Province of the Ayacucho Department, approximately 40km inland from the town of Palpa on the Pan American Highway. The Project is registered in the name of Minas Dixon S.A., which is in turn owned 55% Global Battery Metals Ltd. ("GBML"), and 45% by Lara.

Under the terms of the Agreement, GBML and Lara have granted Minsur an exclusive option to acquire a 100% interest in the Lara Copper Project by making staged cash payments of US$5.75 million to Minas Dixon S.A. on the satisfaction of various milestones, and with each of GBML and Lara retaining a 0.75% net smelter royalty. Payment milestones for the Agreement are summarized in the following table:

 

Minsur is expected to start fieldwork at the Lara project this month, including:

• Detailed relogging of 7,345 meters from 27 diamond drill holes

• Review of 2,504 meters from 23 RC drill holes (dependent on the state of the RC rock chips)

• Detailed geological mapping of 1,800 hectares

• Geophysics

Permitting is also underway for a drilling campaign that is targeted to commence in Q2-2022, once the permit has been approved.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil and Peru. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this news release.

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

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

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91949

Vancouver, British Columbia–(Newsfile Corp. – August 3, 2021) – Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") is pleased to announce the Government of British Columbia has granted a five-year Work Permit (Mines Act Permit) for exploration and drilling on its flagship Ranch Gold-Silver Project (the "Property"), located in the Golden Horseshoe of north-central British Columbia, Canada.

As a result, the Company immediately commenced its fully funded and comprehensive exploration and drill program at the property. The program consists of a 20,000 metre (m) drill program, extensive surface geochemical sampling, bedrock and alteration mapping, airborne VTEM and ground-based magnetics and induced polarization (IP) geophysics, designed to target near-surface high-grade gold and silver mineralization in addition to deeper porphyry targets (Figure 1). The 178km² Property is largely unexplored and the geological setting coupled with historical evidence of high-grade mineralization represents a significant opportunity for major discovery.

Ewan Webster, Chief Executive Officer, commented, "The granting of this work permit is a huge milestone for the Company and our collaboration with our First Nation Partners. The drills have now started turning on the project and we will be testing the known zones of mineralization, but more importantly a number of new targets that have never been drilled and have the potential for significant new gold discoveries. The planned work represents a significant and extensive regional exploration program and we look forward to communicating our progress to the market over the coming months."

Exploration program highlights:

• 20,000 metres of diamond drilling

  • Confirmation, expansion, and discovery drilling of untested regional epithermal and porphyry targets;

• Detailed ground magnetic surveys to expand strike lengths of known mineralized northwest and northeast-trending structural corridors

  • 165 line-kilometres planned in two survey areas at 100 metre spacing;

• High resolution ground IP geophysics to delineate subsurface resistivity and chargeability anomalies associated with mineralization

  • 11 km² planned over two survey areas;

• Airborne VTEM geophysical and radiometric survey covering the unexplored northern portion of the Property

  • ~51km² of airborne VTEM planned to complete property-wide coverage;

• Bedrock and alteration mapping is planned to contextualize historical mineralization and generate new targets in prospective areas, and;

• Sizeable soil and rock grab sampling programs are planned to generate new target areas

  • >6,000 soil samples planned

  • ~1,000 rock grab samples anticipated.

Figure 1: 2021 Ranch Property planned exploration work areas

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2191/91832_c49d46e074d83a86_001full.jpg

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

Ewan Webster Ph.D., P.Geo.
President, CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President
The Howard Group Inc.
Email: dave@howardgroupinc.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

Nick Stajduhar
Director
Thesis Gold
Telephone: 780-701-3216
Email: nicks@thesisgold.com

About Thesis Gold Inc.

Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C. For further details about the Ranch Gold Project, please refer to the Company's current geological Technical Report dated September 18, 2020 available under the Company's profile on SEDAR at www.sedar.com.

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91832

(Adds details from investment conference)

By Ernest Scheyder

Aug 3 (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, Ontario–(Newsfile Corp. – August 3, 2021) – Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has obtained an Environmental Permit (known as Informe Preventivo) to complete its planned 5,000 metre drilling program on its San Jose Silver Project ("San Jose") in Mexico.

Carlos Espinosa, President and CEO of Monarca commented, "We are very pleased that despite several delays due to COVID-19 restrictions in Mexico, we have obtained the environmental permit that will allow us to build and rehabilitate 7 km of roads in order to complete our 5,000 m drilling program. This was one of the last pieces of the puzzle, and we are now moving forward with our drilling plans for San Jose."

Monarca commenced building and completing the rehabilitation of 7 km of roads during the week of July 26 and drilling is expected to commence within the next four weeks once site preparation is complete.

An initial 10 drill holes are planned to depths of up to 500 m as indicated below in Figure 1. The planned drill holes are superimposed on a plan view of the Induced Polarization (IP) survey results at San Jose.

Figure 1: Planned drill holes on the San Jose Silver Project

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2584/91994_b266f22b543a3aec_001full.jpg

The drill holes are designed to intersect several strong IP anomalies identified in 2019, as indicated in Figure 2 below for one planned drill hole (SJ09).

Figure 2: Cross section of a planned drill hole (SJ09) at San Jose targeting strong IP anomaly

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2584/91994_b266f22b543a3aec_005full.jpg

Grant of Stock Options

The Company also announces that, in accordance with the Company's stock option plan, it has granted the Directors of the Company a total of 2,400,000 stock options. Each option is exercisable to purchase one common share of the Company at $.08 per share for a period of 4 years from the date of issuance.

Qualified Person Statement

Michael R. Smith is the Qualified Person (QP) who has prepared and approved the scientific and technical information disclosed in this news release. Mr. Smith is a Registered Member (#04167376 – Geology) of the Society for Mining, Metallurgy & Exploration (SME) and the Executive Vice President, Exploration for Monarca Minerals Inc.

About Monarca Minerals Inc.

Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV: MMN) and focused on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including an Inferred Mineral Resource of 19.8 million tonnes at 45.0 g/t Ag (28.7 million ounces of contained silver) at its Tejamen deposit in Durango, Mexico.

For further information, please contact:

Carlos Espinosa
President, CEO & Director
Monarca Minerals Inc.
E: cespinosa@slgmexico.com

Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:

The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91994

Southern Copper Corporation (NYSE:SCCO) has announced that it will be increasing its dividend on the 26th of August to US$0.90. This makes the dividend yield 4.2%, which is above the industry average.

See our latest analysis for Southern Copper

Southern Copper's Dividend Is Well Covered By Earnings

A big dividend yield for a few years doesn't mean much if it can't be sustained. Based on the last payment, Southern Copper was quite comfortably earning enough to cover the dividend. This indicates that quite a large proportion of earnings is being invested back into the business.

Earnings per share is forecast to rise by 15.8% over the next year. If the dividend continues growing along recent trends, we estimate the payout ratio could reach 83%, which is on the higher side, but certainly still feasible.

Dividend Volatility

Although the company has a long dividend history, it has been cut at least once in the last 10 years. The dividend has gone from US$1.68 in 2011 to the most recent annual payment of US$2.80. This implies that the company grew its distributions at a yearly rate of about 5.2% over that duration. We like to see dividends have grown at a reasonable rate, but with at least one substantial cut in the payments, we're not certain this dividend stock would be ideal for someone intending to live on the income.

The Dividend Looks Likely To Grow

With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. Southern Copper has impressed us by growing EPS at 38% per year over the past five years. Southern Copper is clearly able to grow rapidly while still returning cash to shareholders, positioning it to become a strong dividend payer in the future.

Southern Copper Looks Like A Great Dividend Stock

In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. All in all, this checks a lot of the boxes we look for when choosing an income stock.

Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've identified 5 warning signs for Southern Copper (1 can't be ignored!) that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high performing dividend stock.

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

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

Vancouver, British Columbia–(Newsfile Corp. – August 3, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce the filing on SEDAR of an amended and restated Timok Project Technical Report entitled: "NI 43-101 Technical Report – Timok Copper-Gold Project Royalty, Serbia" dated July 21, 2021 and with an effective date of December 31, 2020 prepared by Mineral Resource Management LLC ("MRM"). The amended and restated Technical Report can be found under the Company's profile at www.sedar.com. EMX holds an uncapped 0.5% net smelter return ("NSR") royalty on Timok's Brestovać license, which covers the Čukaru Peki copper-gold development project. The Timok Project is controlled and being developed by Zijin Mining Group Co., Ltd ("Zijin").

The amended and restated Timok Technical Report: a) restates the Timok Project resources and reserves for the Upper Zone and the resources for the Lower Zone as adopted from public disclosures by Zijin, which is the current owner and operator of the Timok Project. Zijin's Timok Project resources and reserves, disclosed in its 2020 Annual Report, have been conformed to the requirements of NI 43-101 and are materially identical to those of the previous operator Nevsun, which were referenced in the original Report; and b) removes the discussion of EMX's Brestovać West and Durlan Potok royalty properties from the section of the original Report entitled "Adjacent Properties" to comply with the requirements of NI 43-101. The discussion of these two royalty properties has been moved to the "Property Description and Location" section of this amended and restated Technical Report to accompany the discussion of the Brestovać royalty property.

Zijin is on a fast-track schedule for Timok's Čukaru Peki high sulfidation epithermal copper-gold development project. Recently, Zijin stated in a news release dated June 16, 2021, that it "recently obtained the trial production permit for the processing facilities issued by the Serbian Ministry of Mining and Energy, and have entered the trial production stage. At present, the construction of the processing facilities of the project has been completed, and trial production and operation, construction conclusion and greening, etc. are being conducted at full speed. It is planned that all work of the trial production stage shall be completed for submission to the Ministry of Mining for acceptance check before September of this year. This will achieve a smooth transition from mine infrastructure construction to production and operation". In addition to the Upper Zone, Čukaru Peki also hosts the underlying Lower Zone porphyry copper-gold resource project, which provides substantial exploration upside to EMX's Brestovać royalty asset.

The start of trial production and the imminent commencement of commercial production this year at the Upper Zone represents an important milestone for EMX which purchased its key 0.5% NSR royalty on the Timok Project in 2013, shortly after the discovery of the Čukaru Peki copper-gold deposit (see EMX News Release dated February 4, 2014). This acquisition serves as an example of how EMX leveraged its in-country expertise through early recognition of the potential value of the Čukaru Peki discovery, but also through the understanding of where key royalty interests were held by third parties that were available for acquisition.

EMX congratulates Zijin on its ongoing progress in developing the Timok Project, and looks forward to new advancements as the work programs progress.

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

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

For further information contact:

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

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

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

Neither the TSX 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.

Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91785

SAN DIEGO, Aug. 02, 2021 (GLOBE NEWSWIRE) — The Piedmont Lithium class action lawsuit charges Piedmont Lithium Inc. (NASDAQ: PLL) and certain of its top executives with violations of the Securities Exchange Act of 1934 and seeks to represent purchasers of Piedmont Lithium publicly traded securities between March 16, 2018 and July 19, 2021, inclusive (“Class Period”). The Piedmont Lithium class action lawsuit – Skeels v. Piedmont Lithium Inc., No. 21-cv-04161– was commenced on July 23, 2021 in the Eastern District of New York and is assigned to Judge LaShann DeArcy Hall.

If you wish to serve as lead plaintiff of the Piedmont Lithium class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Piedmont Lithium class action lawsuit must be filed with the court no later than September 21, 2021.

CASE ALLEGATIONS: The Piedmont Lithium class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Piedmont Lithium has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (ii) Piedmont Lithium failed to inform relevant people and governmental authorities of its actual plans; (iii) Piedmont Lithium failed to file proper applications with relevant governmental authorities (including state and local authorities); (iv) Piedmont Lithium and its lithium business does not have “strong local government support”; and (v) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

On July 20, 2021, Reuters published an article entitled “In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors” which reported the following, among other things, regarding Piedmont Lithium’s regulatory issues in North Carolina: “The company, however, has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so. Five of the seven members of the county’s board of commissioners, who control zoning changes, say they may block or delay the project . . . .” On this news, Piedmont Lithium’s stock price fell nearly 20%, damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Piedmont Lithium securities during the Class Period to seek appointment as lead plaintiff in the Piedmont Lithium class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Piedmont Lithium class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Piedmont Lithium class action lawsuit. An investor’s ability to share in any potential future recovery of the Piedmont Lithium class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm. Please visit https://www.rgrdlaw.com/firm.html for more information.

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TimkenSteel Corporation TMST will release second-quarter 2021 results after the closing bell on Aug 5. Higher demand in automotive and a recovery in industrial markets are likely to have aided its performance in the second quarter.

The company surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missed once. It has a trailing four-quarter earnings surprise of roughly 31.8%, on average. It posted an earnings surprise of 19.4% in the last reported quarter.

Shares of TimkenSteel have rallied 250% in the past year compared with 147.6% rise of the industry.

Image Source: Zacks Investment Research

Let’s see how things are shaping up for this announcement.

What do the Estimates Say?

The Zacks Consensus Estimate for second-quarter sales for TimkenSteel is currently pegged at $326.4 million, which suggests a rise of around 111.9% year over year.

Some Factors to Watch For

TimkenSteel is expected to have benefited, in the second quarter, from higher end-market demand. Strong demand in automotive and an improvement in the industrial end markets are expected to have driven its shipments in the June quarter.

In automotive, the company is witnessing healthy demand in the light truck and SUV categories. It also seeing continued recovery in its industrial markets as reflected by higher shipments. However, weakness in the energy market is likely to have continued in the second quarter.

The company is also likely to have benefited from its efforts to improve its cost structure and manufacturing efficiency in the to-be-reported quarter. Benefits of its cost-reduction actions are expected to reflect on its bottom line in the quarter.

Timken Steel Corporation Price and EPS Surprise

Timken Steel Corporation price-eps-surprise | Timken Steel Corporation Quote

Zacks Model

Our proven model does not conclusively predict an earnings beat for TimkenSteel this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: Earnings ESP for TimkenSteel is 0.00%. The Zacks Consensus Estimate for earnings for the second quarter is currently pegged at 62 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: TimkenSteel currently carries a Zacks Rank #2.

Stocks That Warrant a Look

Here are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:

Sociedad Quimica y Minera de Chile S.A. SQM scheduled to release earnings on Aug 18, has an Earnings ESP of +21.88% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

GrowGeneration Corp. GRWG, scheduled to release earnings on Aug 12, has an Earnings ESP of +3.45% and carries a Zacks Rank #2.

Hecla Mining Company HL, scheduled to release earnings on Aug 5, has an Earnings ESP of +3.13% and carries a Zacks Rank #3.

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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report

Hecla Mining Company (HL) : Free Stock Analysis Report

Timken Steel Corporation (TMST) : Free Stock Analysis Report

GrowGeneration Corp. (GRWG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Niche Companies in Technology, Cybersecurity, Exploration & Mining, and more in Attendance

MIAMI, Aug. 03, 2021 (GLOBE NEWSWIRE) — EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 13^th Emerging Growth Conference.

The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

Register for the conference here.

The schedule for August 4, 2021, is as follows:

(All times are Eastern Time Zone)

We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC

9:40 – 9:45
Welcome to the Emerging Growth Conference.
Ana Berry

9:45 – 10:30
Bannerman Energy Ltd. (OTCQB: BNNLF), (ASX: BMN)
Brandon Munro, CEO

10:30 – 11:00
Lomiko Metals Inc. (OTCQB: LMRMF), (TSX-V: LMR)
A. Paul Gill, CEO

11:00 – 11:30
GlobeX Data Ltd. (OTCQB: SWISF), (CSE: SWIS)
Alain Ghiai, Founder and CEO

11:30 – 12:00
Third Bench Holdings (OTC Pink: NECA)
David Fair Founding Partner / CEO

12:00 – 12:30
Foothills Exploration, Inc. (OTC: FTXP)
Kevin Sylla, Executive Chairman

12:30 – 1:00
Doubleview Gold Corp. (OTC Pink: DBLVF), (TSX-V: DBG)
Farshad Shirvani, President / CEO

All interested in attending should visit the following link to register. You will then receive an email containing the link and time to sign into the conference.

Register for the conference here.

We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC

These exciting virtual conferences are like attending an “in person” event, you can sign in and out as often as you like.

About EmergingGrowth.com

Founded in 2009, Emerging Growth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.

The next step in its evolution is the Emerging Growth Conference.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.

The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All Conferences are first announced on Twitter – Follow us on Twitter

All Conference replays emerge on our YouTube Channel – Subscribe to our YouTube Channel

All sessions will be conducted through video webcasts and will take place in the Eastern time zone. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

If you believe your company, product or service is at the cusp of going mainstream, or you have an idea for an “Emerging Growth” company that might fit our model, contact us here.

Thank you for your interest in our conference, and we look forward to your participation in future conferences.

Contact:

Emerging Growth
Phone: 1-305-330-1985
Email: Conference@EmergingGrowth.com

The Mosaic Company MOS logged profits of $437.2 million or $1.14 per share in second-quarter 2021, up from $47.4 million or 12 cents in the year-ago quarter. The fertilizer maker gained from higher prices and its transformation efforts in the quarter.

Barring one-time items, adjusted earnings per share were $1.17 that beat the Zacks Consensus Estimate of $1.01.

Net sales rose roughly 37% year over year to $2,800.7 million in the quarter. The figure missed the Zacks Consensus Estimate of $2,927.8 million. Sales were driven by higher prices that more than offset reduced volumes.

The Mosaic Company Price, Consensus and EPS Surprise

The Mosaic Company price-consensus-eps-surprise-chart | The Mosaic Company Quote

Segment Highlights

Net sales in the Phosphates segment rose roughly 54% year over year to $1.2 billion in the quarter, driven by increased prices. Sales volumes in the segment slipped around 11% year over year to 2 million tons. The segment’s gross margin per ton improved to $309 from $18 in the year-ago quarter as better pricing and transformation benefits more than offset reduced volumes and higher raw material costs.

Potash division’s net sales climbed around 19% year over year to $663 million driven by higher prices. Sales volumes in the segment declined around 9% year over year to 2.3 million tons. Gross margin per ton in the quarter was $217, up around 64% year over year.

Net sales in the Mosaic Fertilizantes segment were $1 billion, up around 32% year over year driven by higher year-over-year prices. Sales volume fell around 8% year over year to 2.3 million tons. Gross margin per ton in the quarter was $185, up around 83% year over year.

Financials

At the end of the quarter, Mosaic had cash and cash equivalents of $1,417.6 million, up around 32% year over year. Long-term debt fell roughly 12% year over year to $3,967.9 million.

Net cash provided by operating activities increased roughly 25% year over year to $1,015.1 million in the reported quarter.

Outlook

Moving ahead, the company noted that it expects strong agricultural trends to continue through the second half of 2021, driving demand for fertilizers. Grower economics remain attractive in most global growing regions on strong crop demand, affordable inputs and favorable weather, the company noted.

The company forecasts $90-$100 per ton improvement in average realized price in the Phosphates segment sequentially in the third quarter. For the Potash segment, $25-$35 per ton improvement in average realized prices is expected in the third quarter.

Price Performance

Shares of Mosaic have rallied 118.7% in the past year compared with 66.1% rise of the industry.

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

Mosaic currently carries a Zacks Rank #3 (Hold).

Better-ranked stocks worth considering in the basic materials space include Nucor Corporation NUE, ArcelorMittal MT and The Chemours Company CC, 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 138% in a year.

ArcelorMittal has an expected earnings growth rate of 1,484.4% for the current year. The company’s shares have shot up around 202% in the past year.

Chemours has an expected earnings growth rate of around 66.8% for the current fiscal. The company’s shares have rallied roughly 74% in the past year.

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ArcelorMittal (MT) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

The Chemours Company (CC) : Free Stock Analysis Report

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Zacks Investment Research

QUÉBEC CITY, Aug. 03, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (TSXV: STH) (“Stelmine” or the “Company”) is pleased to announce the discovery of a potentially large gold system at its Mercator Property spanning 389 sq. km in Quebec’s newest gold district (Caniapiscau) east of James Bay and the Eleonore mine. The Phase 1 summer 2021 exploration program, now in progress, includes geophysics and extensive sampling in preparation for potential maiden drilling during this second half of 2021.

Mercator is one of several district-scale claim blocks comprising 815 sq. km, owned 100% by the Company, in the under-explored Opinaca metasedimentary basin including the Courcy Property (100 km east of Mercator) where the last drill hole (completed by SOQUEM in 2006) returned a 42-meter core interval of shallow mineralization grading 4.2 g/t, including 1 meter at 101 g/t Au. Follow-up drilling at Courcy is also planned for the second half of the year.

Mercator Highlights:

• Never previously systematically explored, Mercator displays characteristics of a large-scale gold system with mineralization discovered in sediments and gabbros at surface along a 1.9 km trend of faulted and folded iron formations, open for significant expansion to the northeast and southwest;

• This minimum 1.9 km trend features a prominent gossan on the slopes of a hill where a 400-metre wide shallow dipping mineralized zone occurs within a magnetic high;

• Gold assays obtained to date reach up to 9.27 g/t Au with more than 12% of the 199 collected rock samples last year returning gold values ≥ 1 g/t, including a 9.4 m channel yielding 2.11 g/t Au;

• Hydrothermal fluid flow may have originated from an interpreted major thrust fault in the area;

• Preliminary analysis of a just-completed high resolution geophysics survey reveals a succession of magnetic highs extending NE/SW for 21 km, creating an impressive structural corridor considered highly favorable for hosting new discoveries.

Stelmine CEO Isabelle Proulx stated, “Our geological team is excited by the scale of Mercator and the potential for strong grades, as demonstrated by first-ever systematic sampling of this area in addition to historic drill results to the east at Courcy. Field crews continue their work and interpretations are ongoing. We look forward to updating investors again shortly.”

Project & Regional Map
Click here

June 2021 Private Placement Finder’s Fees Correction

Stelmine wishes to make a correction to the news release dated June 11, 2021, regarding finder’s fees. The last sentence of the final paragraph should have read, “In connection with this placement, the Company will pay finder’s fees of $25,048 and will issue 78,338 finder’s warrants.”

Qualified Person

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

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 km² in this part of northern Quebec, highlighted by the Courcy and Mercator Projects.

Forward-looking statements

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

Cautionary statement

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.

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

For further information, contact:

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

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

The market expects Pan American Silver (PAAS) 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 is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on August 10, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus Estimate

This silver mining company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +17.9%.

Revenues are expected to be $457.09 million, up 83.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 22.22% 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.

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 Pan American Silver?

For Pan American Silver, 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 Pan American 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 Pan American Silver would post earnings of $0.31 per share when it actually produced earnings of $0.18, delivering a surprise of -41.94%.

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.

Pan American 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.

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Pan American Silver Corp. (PAAS) : Free Stock Analysis Report
 
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VANCOUVER, British Columbia, Aug. 03, 2021 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) announces that the Special Meeting of Shareholders of the Company (the “Meeting”) is set to be held on Tuesday, August 31, 2021 at 9:00 a.m. (PDT) at the Vancouver, BC offices of the Company to seek approval for the issuance of the Convertible Note Facility to Resource Capital Fund VII L.P. (“RCF VII”) and that it is in the process of mailing the meeting materials.

The Company is finalizing documentation on the Bomboré Project debt package, which includes the Convertible Note Facility, the Senior Debt Facility, and the Silver Stream Agreement. The Company expects to close the Bomboré Project debt package in September 2021 following the Meeting.

The 8.5% Convertible Note Facility has a maturity of five years and will be convertible at the option of the lenders at any time at a conversion price of US$1.08, representing a 30% premium to the offering price of the bought deal equity offering that closed on January 28, 2021. RCF VII and Beedie Investments Ltd. have agreed to subscribe for US$25 million and US$10 million of the Convertible Note Facility, respectively.

About Orezone Gold Corporation

Orezone Gold Corporation (TSX.V: ORE OTCQX: ORZCF) is a Canadian development company which owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.

The 2019 feasibility study highlights Bomboré as an attractive shovel-ready gold project with forecasted annual gold production of 118,000 ounces over a 13+ year mine life at an All-In Sustaining Cost of US$730/ounce with an after-tax payback period of 2.5 years at an assumed gold price of US$1,300/ounce. Bomboré is underpinned by a mineral resource base in excess of 5 million gold ounces and possesses significant expansion potential. Orezone is fully funded to bring Bomboré into production with the first gold pour scheduled for Q3-2022.

Patrick Downey
President and Chief Executive Officer

Vanessa Pickering
Manager, Investor Relations

Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
info@orezone.com / www.orezone.com

For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.

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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this press release include, but are not limited to, statements with respect to the Meeting, closing of the Bomboré Project debt package and the Bomboré project being fully funded to production and projected first gold by Q3-2022.

All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.

All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by the COVID-19 pandemic, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management discussion and analysis filed on SEDAR on www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements.

Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.

Olympic Steel, Inc. ZEUS will release second-quarter 2021 results after the closing bell on Aug 5.

The company has a trailing four-quarter earnings surprise of 38.7%, on average. Its second-quarter results are likely to have benefited from higher metal prices and solid end-market demand.

Shares of Olympic Steel have rallied 170.2% in the past year compared with the 147.7% rise of the industry.

Image Source: Zacks Investment Research

Let’s see how things are shaping up for this announcement.

Zacks Model

Our proven model predicts an earnings beat for Olympic Steel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat.

Earnings ESP: Earnings ESP for Olympic Steel is +31.84%. The Zacks Consensus Estimate for earnings for the second quarter is currently pegged at $2.01. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Olympic Steel currently carries a Zacks Rank #1.

What do the Estimates Say?

The Zacks Consensus Estimate for second-quarter sales for Olympic Steel is currently pegged at $516.4 million, which suggests a rise of around 108% year over year.

A Few Factors to Watch

Olympic Steel, in its first-quarter call, noted that it expects to deliver strong profitability in the second quarter, factoring in strong demand in its segments and higher metal prices.

The company’s second-quarter results are expected to have been supported by its actions to lower operating expenses and strength in its pipe and tube and specialty metals businesses. Favorable market conditions, robust end-user demand and higher metal prices are expected to have driven its top line and margins in the second quarter. Tight supply and strong demand are likely to have provided a boost to metal prices in the June quarter.

Olympic Steel is likely to have witnessed strong demand in automotive, industrial equipment, agriculture and construction end-markets in the second quarter. Higher demand is expected to have boosted the company’s volumes in the quarter.

Olympic Steel, Inc. Price and EPS Surprise

Olympic Steel, Inc. price-eps-surprise | Olympic Steel, Inc. Quote

Stocks That Warrant a Look

Here are some companies in the basic materials space you may want to consider as our model shows they too have the right combination of elements to post an earnings beat this quarter:

Sociedad Quimica y Minera de Chile S.A. SQM scheduled to release earnings on Aug 18, has an Earnings ESP of +21.88% and carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

GrowGeneration Corp. GRWG, scheduled to release earnings on Aug 12, has an Earnings ESP of +3.45% and carries a Zacks Rank #2.

Hecla Mining Company HL, scheduled to release earnings on Aug 5, has an Earnings ESP of +3.13% and a Zacks Rank #3.

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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report

Hecla Mining Company (HL) : Free Stock Analysis Report

Olympic Steel, Inc. (ZEUS) : Free Stock Analysis Report

GrowGeneration Corp. (GRWG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Mount Gibson Iron Limited (ASX:MGX) shareholders have seen the share price descend 10% over the month. But that doesn't change the fact that shareholders have received really good returns over the last five years. Indeed, the share price is up an impressive 180% in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. The more important question is whether the stock is too cheap or too expensive today.

Check out our latest analysis for Mount Gibson Iron

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

During the five years of share price growth, Mount Gibson Iron moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. Indeed, the Mount Gibson Iron share price has gained 83% in three years. During the same period, EPS grew by 8.4% each year. Notably, the EPS growth has been slower than the annualised share price gain of 22% over three years. So one can reasonably conclude the market is more enthusiastic about the stock than it was three years ago.

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

Dive deeper into Mount Gibson Iron's key metrics by checking this interactive graph of Mount Gibson Iron's earnings, revenue and cash flow.

What About Dividends?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Mount Gibson Iron, it has a TSR of 245% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Mount Gibson Iron provided a TSR of 15% over the last twelve months. Unfortunately this falls short of the market return. On the bright side, the longer term returns (running at about 28% a year, over half a decade) look better. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Mount Gibson Iron is showing 4 warning signs in our investment analysis , and 1 of those is significant…

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

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

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

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

VANCOUVER, British Columbia, Aug. 03, 2021 (GLOBE NEWSWIRE) — SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the “Company”) announces that the board of directors will approve the financial results of the Company and its subsidiaries for the second quarter of 2021 on Friday, August 13, 2021. These results will be released on Friday, August 13, 2021.

About SouthGobi
SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.

Vancouver, British Columbia–(Newsfile Corp. – August 3, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the Company") is pleased to announce the positive results from the recent geophysics program completed on the Company's Falea polymetallic project in Mali (the "Falea Project").

• A large, chargeable body highlighted underneath the Falea deposit, which is over 2 km in length, and 500 m wide on the Falea tenement.

• Potential for chargeable body in the northeast area of the Bala license and the IP program highlights the much shallower depth to basement and associated unconformity.

• The Falea and Bala areas are highly prospective for unconformity type polymetallic uranium-copper-silver deposits.

The Falea Project consists of three Exploration Permits; Falea, Bala and Madini. The Falea polymetallic deposit, containing uranium, copper, silver and gold, has been defined at or near the unconformity between the Taoudeni basal sediments and the underlying metamorphic rocks of the Birimian aged sequences by extensive drilling that stopped only a few metres beyond the ore body within the Birimian rocks.

It is believed that the Falea deposit results from mineralising fluids intruded via the faults in the area to deposit suitable trap sites at the unconformity with the overlying rocks (Figure 1). Historical drilling programmes have not tested the presence of mineralised bodies below the unconformity within the Birimian.

"The Falea Project already contains an indicated resource containing 17.4Mlb U3O8, 24.4 Mlb copper and 16.1 Mlb silver, and an inferred resources 13.4Mlb U3O8 also with copper and silver mineralisation.⁽¹⁾ A drill core assay program, in 2020, also highlighted gold mineralisation associated with the faulting.⁽²⁾⁽³⁾ This IP survey clearly highlights the exploration potential for the Falea Project both for further unconformity based targets and deeper chargeability targets with uranium, copper, silver and gold mineralisation achievable," noted Govind Friedland, executive Chairman.

The IP and resistivity surveys completed in 2020 and 2021, by Terratec Geophysical Services, from Germany, were aimed at identifying the fault structures and the presence of chargeable bodies, which can be a proxy for the presence of mineralised bodies below the unconformity. A total of 245-line km were covered over 27 blocks for the gradient Induced Polarisation ("IP") and Resistivity and an additional 6 High Resolution IP ("HIRIP") profiles were completed (Figure 2).⁽³⁾

The results from this work has defined a large IP chargeable anomaly which extends southward for over 2 km from the Falea deposit, which has not yet been drill tested by GoviEx.

A number of fault structures can be seen in the HIRIP data and it could be envisaged that such structures acted as feeders to the Falea deposit, and may still host mineralisation (Figures 2, 3 and 4).

The recent 2021 survey also targeted the Bala licence, some 8 km south of the Falea deposit, where no historical drilling has been carried out. Previous field work has interpreted faulting from magnetic data as well as radiometric and radon anomalies at surface. An area of 4 km² was selected to determine if any IP or resistivity anomalies would be present, followed by 2 HIRIP lines, which would define apparent depths of anomalies.

The results of the gradient IP and resistivity show the presence of a large chargeable body in the north-eastern side of the survey area, which can be seen also on the HIRIP sections. The presence of fault structures can also be seen, which are similar in orientation to what is seen further north.

The IP work to date has been successful, highlighting:

• A large chargeable body underneath the Falea deposit, over 2km in length, and 500m in width on the Falea Exploration Permit.

• This anomaly, and others now identified over the Falea Project, highlight the potential of other targets which the Company will be busy prioritising over coming months.

• On the Bala Exploration Permit, there is potential chargeable body to the northeast and with a much shallower depth to basement, than on the Falea Exploration Permit.

• The Falea and Bala Exploration Permit areas remain highly prospective for unconformity type polymetallic uranium-copper-silver deposits.

Figure 1: Potential flow of mineralised of the Falea Project.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_001full.jpg

Figure 2: Location of survey areas and HIRIP lines to date.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5017/91925_figure2enhanced.jpg

Figure 3: Line FAL20-1 shows IP anomaly underneath the Falea deposit, and drill holes only just clipping the anomalies and not testing them.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_008full.jpg

Figure 4: Line FAL-21_03- shows continuity of chargeable body at depth within the Birimian interpreted faulting in the area south of Falea deposit, the continuity of the anomaly between the two lines.

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_009full.jpg

To view an enhanced version of Figure 5 (a), please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_012full.jpg

To view an enhanced version of Figure 5 (b), please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_011full.jpg

Figure 5: Gradient IP and resistivity images, showing extent of the chargeable anomaly and faulting in the area.

Figure 6: BAL21-A- shows interpreted faulting and also shallower depth to Birimian basement.

To view an enhanced version of Figure 6, please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_013full.jpg

To view an enhanced version of Figure 7 (a), please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_014full.jpg

To view an enhanced version of Figure 7 (b), please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_015full.jpg

Figure 7: Bala Survey Area: gradient IP and Resistivity images- showing a large chargeable body to the Northeast of the area.

Qualified Person Statement

The technical content of this press release has been reviewed and approved by Mr. Jerome Randabel, MAIG, Chief Geologist of GoviEx, a Qualified Person as defined in NI 43-101.

Technical Notes

The gradient survey is carried out along lines spaced at 100m apart with line lengths ranging between 265 to 1,150 m. The electrode spacing or AB spacing was between 2,750 and 3,110 m, and receiver points spacing at 50 m on an overlapping pattern. Terratec used Time domain receivers from IRIS Instrument with 150 m of cable, with 7 brass electrodes spaced at 25 m. The transmitter used was a WalcerTX9000.

The block pattern is illustrated below:

To view an enhanced version of Figure 8, please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_016full.jpg

The HIRIP Lines (High Resolution Resistivity and IP) were selected to detect resistivity and chargeability distribution at depth to support detailed geological interpretation. The technique provided true resistivity to a depth of approximately 550 m with electrode spacing of 20 m and a profile length of 1,900 m. The HIRIP lines were selected in discussion with Terratec. Transmitter injection points were prepared with a spacing of 40 m and offset 50 m (Figure 3) parallel to the receiver lines. The data distribution of a HIRIP pole dipole array for a 1,900 m line is illustrated below:

To view an enhanced version of Figure 9, please visit:
https://orders.newsfilecorp.com/files/5017/91925_f057491cf4504baf_017full.jpg

The equipment used by Terratec is a Time domain induced polarization multi electrode receiver from Iris Instruments connected to a 1,900 m long cable with 96 electrodes at 20m spacing. A Transmitter used was an Iris VP400.

Notes:

1. See: Technical Report titled "Technical Report on the Falea Uranium, Silver and Copper Deposit, Mali, West Africa" prepared by Roscoe Postle Associates Inc. for Denison Mines Corp., October 26, 2015.

2. See news release dated July 6, 2020.

3. See news release dated December 15, 2020.

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

About GoviEx Uranium

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Information Contacts

Govind Friedland, Executive Chairman
Daniel Major, Chief Executive Officer
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.

Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking statements include those related to the exploration potential for the Falea Project; that the Falea deposit may still host mineralisation below the unconformity; the potential chargeable body of the Bala Exploration Permit; and that the Falea and Bala Exploration Permit areas remain highly prospective for unconformity type polymetallic uranium-copper-silver deposits.

Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that the Company will be successful in its exploration and development plans for the Falea Project; (ii) that projected low capital expenditures for the Falea Project will remain unchanged or improve; (iii) that the Company will be able to follow up on the positive results of the geophysics program with additional exploration; and (iv) that the price of uranium will remain sufficiently high and the costs of advancing the Company's projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner.

Factors that could cause actual results to differ materially from expectations include (i) the inability of the Company to complete follow-up exploration work on the Falea Project; (ii) potential delays due to COVID-19 restrictions; (iii) the failure of the Company's projects, for technical, logistical, labour-relations, or other reasons; (iv) a decrease in the price of uranium below what is necessary to sustain the Company's operations; (v) an increase in the Company's operating costs above what is necessary to sustain its operations; (vi) accidents, labour disputes, or the materialization of similar risks; (vii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis; and (viii) generally, the Company's inability to develop and implement a successful business plan for any reason.

In addition, the factors described or referred to in the section entitled "Risks Factors" in the MD&A for the year ended December 31, 2020, of GoviEx, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.

Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91925

Val-d'Or, Québec–(Newsfile Corp. – August 3, 2021) – Abitibi Royalties Inc. (TSXV: RZZ) (OTC: ATBYF) ("Abitibi Royalties" or the "Company") is pleased to provide its Q2-2021 corporate update on its net smelter royalties (NSRs) at the Canadian Malartic Mine, Canada's largest gold mine, near Val-d'Or, Québec, cash generation, Project Generator Division and on its early stage royalties. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and by having the lowest outstanding common shares in the gold mining sector.

Q2-2021 ROYALTIES & CORPORATE HIGHLIGHTS

• Ramp construction at Canadian Malartic's Odyssey Underground Project is progressing ahead of schedule and below budget.

• Excavation of the Odyssey shaft collar and the concrete lining of the first 27 metres has been completed.

• Positive exploration results from Odyssey demonstrate the potential to increase estimated resources. The first underground exploration drill station was completed during Q2-2021 and underground drilling has commenced.

• Drill assays pending from key early-stage royalties including Menderes and Red Lake projects.

• Assisted in the Authier North Lithium Project option agreement where the Company holds a 1% NSR and is entitled to 15% of the net sales proceeds.

• Cash generated in Q2-2021 totaled approximately CDN$1.3 million. Treasury now stands at approximately CDN$52.5 million. The Company remains debt free.

• Monthly dividends for Q3-2021 declared. Monthly dividends total CDN$0.015 per share or CDN$0.18 per share annually. A total of 21 dividends have now been declared since September 2019, with the amount having been increased by 50%.

Royalties at Canadian Malartic Mine

The Canadian Malartic Mine, where Abitibi Royalties owns various NSRs and a net profit interest ("NPI"), is jointly operated by Agnico Eagle Mines Limited ("Agnico Eagle") and Yamana Gold Inc. ("Yamana"). Abitibi Royalties' NSRs and NPI cover portions of East Malartic (3% NSR), Odyssey (3% NSR), Sladen (3% NSR), Sheehan (3% NSR), Jeffrey (3% NSR), Barnat (3% NSR), Gouldie Zone (2% NSR) and the Charlie Zone (2% NSR). In addition, the Company holds a 1.5% NSR on the Midway Project and a 15% NPI on the Radium Property, which are all operated and located at, or proximate to, the Canadian Malartic Mine (Fig. 1).

1) Barnat Open Pit Production

The mine operators stated that throughout 2021 the mine will continue its transition from the Malartic pit to the Barnat pit where commercial production was declared on September 30, 2020. Additionally, the Canadian Malartic Mine is undertaking the required pit pushback to obtain the optimized ounces as per the revised open pit design. Abitibi Royalties holds a 3% NSR on the eastern portion of the Barnat pit (Fig. 1) which is expected to be the Company's main source of royalty revenue from 2021-2023 at Canadian Malartic.

2) Odyssey Ramp Development Ahead of Schedule & Below Budget

In Q1-2021, Agnico Eagle and Yamana announced a positive construction decision of the Odyssey Underground Project at the Canadian Malartic Mine. Construction of surface infrastructure and the portal in preparation for development of the ramp started in Q3-2020.

During Q2-2021, underground development of the ramp continued. Approximately 402 linear metres of ramp development were completed, which is ahead of schedule and at a lower development unit cost than anticipated. The ramp is designed to mine the upper zones of the Odyssey Project and provide further exploration access. During the current quarter, the first exploration drift is expected to advance, as well as the excavation of the first ventilation raise. The budget for the ramp is USD$23.4 million for 2021.

3) Odyssey Shaft Construction Now Underway

During Q2-2021, the operators announced that the excavation of the shaft collar and the concrete lining of the first 27 metres were completed. The concrete raft of the headframe and the slip form pour are expected to be completed in Q2-2021, while the structural steel installation is expected to start in Q4-2021. All of the mechanical and electrical purchase orders for the sinking hoist and auxiliary hoist have been issued. Both hoists are expected to be delivered and installed by Q4-2022. All surface construction activities are on target and shaft sinking is expected to resume in the second half of 2022 once the headframe construction and hoists installations are completed.

The operators have stated that the project requires modest capital in any given year that is manageable and fully funded using Canadian Malartic's cash on hand and free cash flow generation, and that no external funding is required.

4) Odyssey Exploration Drilling Returns Positive Results

On July 8, 2021, Agnico Eagle announced an update on the Odyssey exploration drilling, which included two drill holes from the Chert Zone. The Chert Zone, was historically part of the East Malartic Mine. The drill holes included 7.0 gpt gold over 77.9 metres and 6.1 gpt gold over 28.2 metres at a depth of approximately 900 metres below surface. Both holes are reported as core length, with the true thickness currently unknown. The results in the Chert Zone suggest the potential to add additional mineral resource between the East Malartic and East Gouldie deposits. Also, as previously reported by the Company, regional exploration at the Radium-Nord property has also returned significant gold values from the Radium gold zone (Fig. 1) and confirmed the modelled geometry. The zone remains open for expansion. No assays from Radium-Nord drilling have yet been published by the operators of Canadian Malartic.

The operators also announced that the first underground exploration drill bay was completed in Q2-2021 and underground drilling started on July 7, 2021. The underground drill program will aim to define and validate the upper levels of the Odyssey South Zone and to better understand the local geology of the Internal Zones at Odyssey.

Early Stage Royalties

1) Menderes Gold Project, Turkey (3% NSR)

On June 10, 2021, Frontline Gold Corporation ("Frontline") announced that drilling had commenced on the Menderes Gold Project in Turkey (Fig. 2). The Menderes Gold Project is considered the Company's most prospective early stage royalty due to 1) its close proximity to known mineralization and mining infrastructure and 2) the size of the Company's royalty (3% NSR).

The drill program at Menderes will concentrate on the southeastern extension of the Kokarpinar vein system, part of the Eldorado Gold Corporation's ("Eldorado") Efemcukuru Mine that has been in production since 2011. The Efemcukuru Mine is forecasted to produce 110,000 ounces of gold in 2021 at an average grade of 6.6 gpt gold. Frontline has reported that drilling by Eldorado has been testing for the Kokarpinar extension within 20-100 metres of Frontline property boundary. The Frontline exploration program will initially consist of a 1,000 metres of drilling.

2) Red Lake Project, Ontario (1% NSR)

On April 14, 2021, Pacton Gold Inc. ("Pacton") announced that it had completed its 8,919 metre (24 holes) winter drill program at the Red Lake Project in Ontario, with assays pending. Abitibi Royalties holds a 1% NSR on multiple areas being targeted by Pacton. Pacton also announced that they have begun their summer surface exploration program, including soil sampling, prospecting, till sampling, mapping and outcrop stripping. These exploration activities are designed to improve targets for existing prospects and generate additional drill targets for the next winter campaign.

3) Malartic South & Cadillac Shear Property, Quebec (1-3% NSR)

The Company has been informed by Eagle Ridge Mining Ltd. ("Eagle Ridge") that they have completed separate NI 43-101 reports for the Malartic South and Cadillac Shear projects in Quebec. The Malartic South Project adjoins the Canadian Malartic Mine to the south and the Cadillar Shear is located near the Goldex Mine. The NI 43-101 reports' recommendations for the combined projects include a phased exploration program totalling approximately CDN$3.6 million. Eagle Ridge is currently seeking a partner in order to advance the projects.

Project Generator Division

As part of the Company's strategy to expand its royalty holdings through organic growth, Abitibi Royalties has set up a Project Generator Division with the view to selling or optioning mineral projects while retaining a royalty. The initiative is designed to generate a competitive return on capital, expand the Company's royalty holdings, while employing a limited amount of working capital. The Company will evaluate paying the cash generated from the Project Generator Division to shareholders through additional dividend increases.

1) Authier North Lithium, Quebec (1% NSR)

During Q2-2021, Abitibi Royalties assisted Eagle Ridge in identifying possible partners for the Authier North Lithium Project (Fig. 3). On July 16, 2021, it was announced that Eagle Ridge had entered into an agreement with Power Metal Resources plc ("Power Metals"). In addition to the 1% NSR Abitibi Royalties holds on the property, the Company is entitled to 15% of the net sales proceeds received by Eagle Ridge. During the two-year option, Abitibi Royalties is entitled to approximately CDN$35,000 in cash and shares, plus an additional 0.1875% NSR (for a combined 1.875% NSR). A total of 0.075% of Abitibi Royalties' NSR can be repurchased by Power Metals for CDN$75,000. The Authier North Lithium Project adjoins the Sayona Quebec Inc. Authier Project, located approximately 40 kilometres north of Malartic and is in the process of being permitted for mining.

Power Metals intends to complete geophysical surveys that aim to model the possible down-dip extension of the lithium bearing pegmatite onto the Authier North Lithium Project.

2) Upper Red Lake Project, Ontario

As announced on February 16, 2021, Abitibi Royalties has entered into an option agreement with Xplore Resources Corp. ("Xplore"), where Xplore can earn 100% interest in the Upper Red Lake Project by issuing CDN$337,500 in common shares during a two-year period and granting Abitibi Royalties a 1.5% NSR.

On July 26, 2021, Xplore announced their plans for the Phase 1 exploration program at the Upper Red Lake Project. Phase 1 includes a heliborne high-resolution magnetic ("MAG") survey. The survey will be used to better define mineralization and aid in the future drill targeting for Phase 2.

Other Corporate Activity

1) Q2-2021 Royalty Payment & Cash Generation

During Q2-2021, the Company's cash generation¹ totaled approximately CDN$1.3 million, with approximately CDN$0.5 million coming from the Company's 3% NSR at the Canadian Malartic Mine. Royalties from the open pit portion of the Canadian Malartic Mine commenced at the end of Q4-2018 (the Company's core underground royalties at Odyssey are under construction and not yet in production). The remainder of Company's cash generation during the quarter came from options premiums² (CDN$0.7 million) and dividends (CDN$0.2 million).

The Company has 12,462,610 shares outstanding and also on a fully diluted basis. As of July 30, 2021, the Company's treasury of cash and marketable securities totaled approximately CDN$52.5 million³.

2) Q3-2021 Dividend Payments to Shareholders

On December 7, 2020, the Company's board of directors approved a 20% dividend increase from CDN$0.15 to CDN$0.18 per common share on an annualized basis (CDN$0.015 monthly). The monthly dividend payments for Q3-2021 are shown in Table 1. below. The September 2021 payment will represent the 21st dividend payment made to shareholders since the Company's adoption of a dividend policy in September 2019. The full amount of the dividends will be designated as an "eligible dividend" as defined in the Income Tax Act (Canada).

Table 1. Q3-2021 Dividend Schedule

About Abitibi Royalties

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

Technical Information

Although the northwest portion of the Odyssey South Zone and certain Internal Zones at the Canadian Malartic Mine are located within the areas covered by the Company's NSR royalties, Abitibi Royalties can make no assurances that all or any of the current underground drilling will target these areas. Similarly, the Company can make no assurances that the drill results from the Chert Zone or the drilling recently completed by Pacton at their Red Lake Project are respectively contained within the Company's NSR royalty boundary.

QUALIFIED PERSON

Mr. Glenn Mullan, Chairman, is the Qualified Person (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) who has reviewed this news release based solely on the public disclosure by the various companies and without independent verification and is responsible for the technical information reported herein.

1. Non-IFRS Measure: The Company has calculated the measure "cash generation" as royalties earned in the quarter and cash received from option premiums, dividends and capital gains. This is a non- IFRS measure as IFRS requires the Company's cash in its financial statements to be recognized using the accrual basis of accounting. The Company believes that this measure, while not a substitute for measures of performance prepared in accordance with IFRS, provides investors an improved ability to evaluate the underlying performance of the Company.

1. For more information on the Company's investments, dividends, covered call and put contracts, please see the Company's Q1-2021 MD&A and Q1-2021 Financial Statements, which can be found on the Company's website www.abitibiroyalties.com.

1. Investment values calculated based on closing prices and certain share price limits due to call option contracts as of July 30, 2021.

For additional information, please contact:

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

Forward Looking Statements:

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

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

Figure 1. Royalties at the Canadian Malartic Region – Plan Map

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3322/91909_4a9ed48c74adbbd0_004full.jpg

Figure 2. Royalties at the Menderes Gold Project

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3322/91909_4a9ed48c74adbbd0_005full.jpg

Figure 3. Authier North Lithium, Quebec (1% NSR)

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3322/91909_4a9ed48c74adbbd0_006full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91909

NEW YORK, NY / ACCESSWIRE / August 2, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Churchill Capital Corp IV (NYSE:CCIV)

CONTACT JAKUBOWITZ ABOUT CCIV:
https://claimyourloss.com/securities/churchill-capital-corp-iv-loss-submission-form/?id=18172&from=1

Class Period: January 11, 2021 – February 22, 2021

Lead Plaintiff Deadline: August 30, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Lucid was not prepared to deliver vehicles by spring of 2021; (2) Lucid was projecting a production of 557 vehicles in 2021 instead of the 6,000 vehicles touted in the run-up to the merger with Churchill; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

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

CONTACT JAKUBOWITZ ABOUT DKNG:
https://claimyourloss.com/securities/draftkings-inc-f-k-a-diamond-eagle-acquisition-corp-loss-submission-form/?id=18172&from=1

Class Period: December 23, 2019 – June 15, 2021

Lead Plaintiff Deadline: August 31, 2021

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

Piedmont Lithium Inc. (NASDAQ:PLL)

CONTACT JAKUBOWITZ ABOUT PLL:
https://claimyourloss.com/securities/piedmont-lithium-inc-loss-submission-form/?id=18172&from=1

Class Period: March 16, 2018 – July 19, 2021

Lead Plaintiff Deadline: September 21, 2021

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

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

View source version on accesswire.com:
https://www.accesswire.com/658099/LAWSUITS-FILED-AGAINST-CCIV-DKNG-and-PLL–Jakubowitz-Law-Pursues-Shareholders-Claims

Most readers would already be aware that Grange Resources' (ASX:GRR) stock increased significantly by 44% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Grange Resources' ROE.

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

View our latest analysis for Grange Resources

How Is ROE Calculated?

The formula for return on equity is:

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

So, based on the above formula, the ROE for Grange Resources is:

29% = AU$203m ÷ AU$712m (Based on the trailing twelve months to December 2020).

The 'return' refers to a company's earnings over the last year. So, this means that for every A$1 of its shareholder's investments, the company generates a profit of A$0.29.

Why Is ROE Important For Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Grange Resources' Earnings Growth And 29% ROE

First thing first, we like that Grange Resources has an impressive ROE. Secondly, even when compared to the industry average of 15% the company's ROE is quite impressive. Under the circumstances, Grange Resources' considerable five year net income growth of 52% was to be expected.

As a next step, we compared Grange Resources' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 29%.

Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Grange Resources is trading on a high P/E or a low P/E, relative to its industry.

Is Grange Resources Efficiently Re-investing Its Profits?

Grange Resources has a really low three-year median payout ratio of 20%, meaning that it has the remaining 80% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

Additionally, Grange Resources has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.

Conclusion

Overall, we are quite pleased with Grange Resources' performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. To know the 2 risks we have identified for Grange Resources visit our risks dashboard for free.

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.

Copper Alloys Sales Up 31% Q/Q as the Division Undertakes a $5.5 Million Expansion

IBC’s Consolidated Revenue Jumps by 39% Q/Q

FRANKLIN, Ind., Aug. 03, 2021 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to report that rising global demand for semiconductor chips is driving higher sales for beryllium-aluminum (“BeAl”) products used in the semiconductor manufacturing industry.

Preliminary, unaudited figures for the year ended June 30, 2021, show that unit sales of BeAl components for semiconductor manufacturing, produced by IBC’s Engineered Materials Division in Massachusetts, rose by approximately 115% and 78% in the quarter and year ended June 30, 2021. In the 12 months prior to June 30, 2021, unit sales of these components grew by approximately 793%.

Overall, Engineered Materials Division revenue increased to $3.2 million and $8.6 million, respectively, for the quarter and year ended June 30, 2021, representing increases of approximately 52% and 25% over the comparable prior-year periods. Gross margin for the Division for those periods was 16.2% and 26.7%, respectively.

“The current shortage of many semiconductor chips is creating real-world consequences for consumers around the world, given that these chips are used in everything from consumer electronics to 5G networks to vehicles to toothbrushes,” said Mark A. Smith, CEO and Chairman of IBC. “Not only is the current chip shortage driving global demand sharply higher, but long-term trends for semiconductor chip demand also point to robust growth.”

For example, the World Semiconductor Trade Statistics (“WSTS”) organization has forecast that annual global sales of chips will increase 19.7% in 2021 and 8.8% in 2022, growing to a US$573 billion global market.

“This is why IBC is working hard to continue expanding our beryllium-aluminum production capacity, both for the semiconductor industry and for our defense sector customers,” Mr. Smith said.

Copper Alloys Division Sales Also Trending Higher

IBC’s Copper Alloys Division also is seeing sales trending higher, Mr. Smith added, with revenue in the quarter ended June 30, 2021, rising to $3.9 million, a 31% jump over the quarter ended June 30, 2020, and a 19% sequential increase over the prior quarter. For the year ended June 30, 2021, Copper Alloy Division revenue was $13.2 million, which was 7.5% lower than FY2020 revenue, a result driven largely by the macroeconomic impacts of the COVID-19 pandemic. Gross margin for the Cooper Alloys Division in the quarter and year ended June 30, 2021, was 15.3% and 14.0%, respectively.

The Copper Alloy Division’s flagship production facility in Franklin, Ind. is currently undergoing a $5.5 million, 32,000-square-foot expansion. The project will allow the Company to consolidate current copper foundry operations at a plant in Pennsylvania into the Franklin plant. This expansion/consolidation project is expected to expand IBC's manufacturing capabilities as well as generate significant fixed cost savings.

Q/Q Consolidated Revenue Jumps by 39.3%

On a consolidated basis, IBC revenue in the quarter and year ended June 30, 2021, was $7.0 million and $21.8 million, respectively, which represented a 39.3% and 3.1% increase over the comparable prior-year periods, and a 30.1% sequential increase over the prior quarter. Consolidated gross margin for the quarter and year ended June 30, 2021, was 15.7% and 19.0%.

All figures reported above with respect to the fiscal quarter and year ended June 30, 2021, are preliminary and are unaudited and subject to change and adjustment as the Company prepares its consolidated financial statements for the quarter and year ended June 30, 2021. Accordingly, investors are cautioned not to place undue reliance on the foregoing information. The Company does not necessarily intend to provide preliminary results in the future. The preliminary results provided in this news release constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws, are based on several assumptions, and are subject to a number of risks and uncertainties. Actual results may differ materially.

For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark A. Smith”

Mark A. Smith, CEO & Chairman of the Board

CONTACTS:

Mark A. Smith, Chairman of the Board
Jim Sims, Investor and Public Relations
IBC Advanced Alloys Corp.

+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com
Website: www.ibcadvancedalloys.com

@IBCAdvanced $IB.TO $IAALF

ABOUT IBC ADVANCED ALLOYS CORP.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, and Pennsylvania. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".

CAUTIONARY STATEMENTS

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This disclosure contains forward-looking statements, including those regarding expected financial results for the quarter and year ended June 30, 2021, expected growth in semiconductor chip demand and forecasts related to the annual global sales of chips. Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions. Although IBC believes that the expectations reflected in these forward-looking statements are reasonable, forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statement. The forward-looking statements made by the Company in this press release are based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. As a result, we cannot guarantee that any forward-looking statements will materialize and we caution you against relying on any of these forward-looking statements. IBC makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as required by applicable law. Additional information identifying risks and uncertainties is contained in IBC’s filings, including its Annual Information Form for the fiscal year ended June 30, 2020, available at www.sedar.com.

GRENVILLE-SUR-LA-ROUGE, Quebec, Aug. 03, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (“the Company” or “Canada Carbon” or “CCB”) (TSX-V:CCB), (FF:U7N1), and the Municipality of Grenville-sur-la-Rouge (“GSLR”) are pleased to announce that they held a meeting on July 27, 2021 to begin a meaningful dialogue. Virtually all previous interactions between the parties were limited to correspondence via emails and letters and can be found on the Miller Project website in the Document Library under the Agreement with GSLR tab.

In its notification of a change in preliminary orientation, La Commission de Protection du territoire Agricole du Quebec (“CPTAQ”) indicated that additional information was required from Canada Carbon in order for its zoning change application to be appropriately reviewed. The additional data that Canada Carbon plans to provide is also of interest to the municipality of GSLR. Canada Carbon will begin the planning process for the work to be conducted. While Canada Carbon’s experts will conduct the work, GSLR’s experts will be invited to observe the field work. In addition, input from GSLR’s experts will be requested. As with all previous studies, the data will be made public and shared with the municipality.

"We believe that the additional studies will help reassure the municipality about our project. Our respective experts will communicate with each other in advance of the work plan being finalized and it is our hope that the experts will be in agreement as to the scope and nature of work to be performed. As we gather more data, we plan to hold face-to face meetings with the municipality’s citizens to share the data and address their concerns," said Olga Nikitovic, interim CEO.

Both parties have agreed to continue the dialogue.

For further information:

Olga Nikitovic
Interim CEO
Canada Carbon Inc.
info@canadacarbon.com

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

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

ENDEAVOUR ANNOUNCES TOTAL VOTING RIGHTS

London, 02 August 2021 – The following notification is made in accordance with the UK Financial Conduct Authority's (“FCA”) Disclosure Guidance and Transparency Rule 5.6.

As at 6pm on 31 July 2021, the issued share capital of Endeavour Mining plc (LSE: EDV, TSX: EDV) (“the Company”) was 250,351,307 ordinary shares of US$0.01 each. 310,615 shares were held in Treasury pending cancellation, and therefore the total number of voting rights in the Company as at 6pm on 31 July 2021 was 250,040,692.

This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING PLC

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

Attachment

• 210802 – NR – Total Voting Rights