Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.

Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.

It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.

Peabody Energy (BTU) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:

Investors' growing interest in a stock is reflected in its recent price increase. A price change of 72.1% over the past four weeks positions the stock of this coal mining company well in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. BTU meets this criterion too, as the stock gained 186.4% over the past 12 weeks.

Moreover, the momentum for BTU is fast paced, as the stock currently has a beta of 1.48. This indicates that the stock moves 48% higher than the market in either direction.

Given this price performance, it is no surprise that BTU has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped BTU earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, BTU is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. BTU is currently trading at 0.44 times its sales. In other words, investors need to pay only 44 cents for each dollar of sales.

So, BTU appears to have plenty of room to run, and that too at a fast pace.

In addition to BTU, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

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New York, New York–(Newsfile Corp. – July 27, 2021) – Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a Lead Plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Piedmont Lithium Inc. ("Piedmont" or the "Company") (NASDAQ: PLL) from March 16, 2018 through July 19, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Exchange Act of 1934.

If you purchased Piedmont securities, and/or would like to discuss your legal rights and options please visit Piedmont Shareholder Class Action Lawsuit or contact Noah Wiesner toll free at (877) 779-1414 or nwiesner@bernlieb.com

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

On July 20, 2021, before market hours, Reuters published an article entitled "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors." Among other things, the article reported that "[t]he company […] 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." The article went on to report that "[f]ive 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 shares fell $12.56 per share over the trading day, or nearly 20%, to close at $50.52 per share on July 20, 2021, damaging investors.

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. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Piedmont securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/piedmontlithium-pll-shareholder-class-action-lawsuit-fraud-stock-420/apply/ or contact Noah Wiesner toll free at (877) 779-1414 or nwiesner@bernlieb.com

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Noah Wiesner
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
nwiesner@bernlieb.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91337

VANCOUVER, BC / ACCESSWIRE / July 27, 2021 / Canagold Resources Ltd. (TSX:CCM, OTCQB:CRCUF, Frankfurt:CANA) announces high-grade gold assay results for three additional drill holes from the ongoing, fully-funded 24,000 meter (m), 47-hole drill program at its 100% owned New Polaris Gold project in northwestern British Columbia. The property is located 100 kilometers (km) south of Atlin, BC and 60 km northeast of Juneau, Alaska.

The focus of the 2021 drill program is the C West Main vein system which hosts a major part of the gold resources at New Polaris.

Highlights:

• 30.8 grams per tonne (gpt) Au over 3.9m from 433.6m in hole 21-1783E5

  • including 48.9 gpt Au over1.8m

• 16.0 gpt Au over 1.5m from 411.3m in hole 21-1873E6

• 11.6 gpt Au over 5.1m from 464.9m in hole 21-1829E2

  • including 35.2 gpt Au over 1.1m

Scott Eldridge, CEO and Director, said, "Our infill drilling continues to yield impressive high-grade gold intercepts with very good continuity of mineralization. The first 8 holes of the 2021 drill program have each returned high grade gold intercepts, the most notable being 24.2 grams per tonne gold over 6.6 metres and 15.8 grams per tonne gold over 13.0 metres. All 2021 drill holes to date fall within our PEA mine plan and support our goal of converting the inferred resources to the indicated category. We plan to collar our first deeper step-out exploration hole in early August".

The infill drill holes continue to deliver gold grades and mineralized widths that support the current resource at downhole depths as predicted by the geological model. The consistency of the C West Main mineralization is highlighted when the infill results are plotted amongst the previous drilling in Long Section in terms of gram-meter (g-m) intercepts, in that every pierce point above 7.5 g-m falls within the resource definition parameters of the PEA at a cut-off grade of 4.0 gpt and a minimum mining width of 2 m.

Out of the planned 47-hole, 24,000 m program, 17 holes have now been drilled, of which assay results have been reported for 8 holes. All the samples collected from the mineralized zone in these holes have been submitted to the ALS Geochemistry lab in Whitehorse, YT for gold analysis. Detailed information for the two drill holes and the sample assay results and mineralized intercepts are provided in Table 1 and Table 2 below. The collar locations of the two holes in relation to other drill holes of the infill program are shown on the Drill Hole Location Map and the mineralized intercepts relative to previous drilling on the Long Section.

Results from the remaining holes in this program will be released every few weeks as they become available throughout the summer and fall.

Infill Holes to Upgrade Inferred Resources to Indicated Resources

The program is designed to primarily in-fill drill the Inferred category areas of the C West Main vein system and to explore the down-plunge potential 200 to 250 m below the 600 m depth of the currently defined resources. The infill drill holes range in depth from 300 to 650 m and are designed to provide greater density of drill intercepts (20 – 25 m spacing) in areas of Inferred resources between 150 and 600 m below surface. The improved drill density will be used to upgrade parts of the resource categorized as Inferred in the 2019 Preliminary Economic Assessment ("PEA")* to the Indicated Resource category for inclusion in a future feasibility study.

Exploration Holes to Test Down Plunge Potential and Expand Mineralized Zone

Two deeper exploration holes of approximately 1,000 m in length will be drilled as part of the program to test between 200 to 250 m down plunge of the modeled extent to the gold mineralization. These will be the deepest holes drilled on the project to date and the results will serve to guide the design of future drill programs. Typically, mesothermal gold systems continue for depths far exceeding the current 600 m depth of New Polaris (similar high grade gold mineralization at Red Lake, ON for example has been mined to depths of more than 2,200 m.).

*The New Polaris resource is contained within a preliminary economic assessment ("PEA") report which was prepared by Moose Mountain Technical Services in the format prescribed by NI43-101 Standards of Disclosure for Mineral Projects, and filed on Sedar April 18, 2019.

New Polaris Overview

Canagold's flagship asset is the 100% owned New Polaris Gold Mine project located in northwestern British Columbia about 100 kilometers south of Atlin, BC and 60 kilometers northeast of Juneau, Alaska. New Polaris lies within the Taku River Tlingit First Nations traditional territory. Canagold is committed to providing employment and business opportunities that help support the local economies in the vicinity of its exploration projects.

The New Polaris gold deposit is an early Tertiary, mesothermal gold-bearing vein system occupying shear zones cross-cutting late Paleozoic andesitic volcanic rocks. It was mined by underground methods from 1938 to 1942, and from 1946 to early 1951, producing approximately 245,000 oz gold from 740,000 tonnes of ore at an average grade of 10.3 gpt gold. Three main veins ("AB, C and Y") were mined to a maximum depth of 150 m and have been traced by drilling for up to 1,000 m along strike and up to 800 m down dip, still open for expansion. The gold occurs dominantly in finely disseminated arsenopyrite within the quartz-carbonate stock-work veins and altered wall-rocks. Individual mineralized zones extend for up to 250 meters in length and up to 14 meters in width, though mineralized widths more commonly range from 2 to 5 meters.

Qualified Person

Garry Biles, P.Eng, President & COO for Canagold Resources Ltd, is the Qualified Person who reviewed and approved the contents of this news release.

Drill Core Sampling and Quality Assurance – Quality Control Program

Drill core is geologically logged to identify the gold mineralized zones that are allocated unique sample number tickets and marked for cutting using a purpose-built diamond blade rock saw. Half core samples are collected in labelled bags and the other half remains in the original core box stored on site. Quality control (QC) samples including certified reference material standards, blanks and duplicates are inserted into the sample sequence at intervals of one in ten on a rotating basis to monitor laboratory performance and provide quality assurance (QA) of the assay results. Several sample bags are transported together in rice bags with unique numbered security tags attached and labelled with Company and lab contact information to ensure sample security and chain of custody during shipment to the lab.

The samples are submitted to the ALS Geochemistry lab in Whitehorse, YT for preparation and assaying. The entire sample is crushed to 70% passing -2 millimeters and a 250 gram aliquot is split and pulverized to 85% passing -75 microns. Analysis for gold is by 30 gram fire assay and gravimetric finish. A suite of 30 other elements including arsenic, antimony, sulfur and iron are analyzed by aqua-regia digestion Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES). ALS Canada Ltd. is accredited by the Standards Council of Canada and is an ISO/IEC 9001:2015 and 17025:2017 certified analytical laboratory in North America.

"Scott Eldridge"
____________________

Scott Eldridge, Chief Executive Officer

CANAGOLD RESOURCES LTD.

About Canagold – Canagold Resources Ltd. is a growth-oriented gold exploration company focused on generating superior shareholder returns by discovering, exploring and developing strategic gold deposits in North America. Canagold shares trade on the TSX: CCM and the OTCQB: CRCUF.

For More Information – Please contact: Scott Eldridge, CEO, at Cell: (604) 722-5381 Email: scott@canagoldresources.com, or Knox Henderson, VP Corporate Development, Toll Free: 1-877-684-9700 Tel: (604) 416-0337 Cell: (604) 551-2360 Email: knox@canagoldresources.com Website: www.canagoldresources.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the future performance of Canagold, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "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", "should", "might" or "will be taken", "occur" or "be achieved".

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 expressed or implied by the forward-looking statements. Such risks and other factors include, among others risks related to the uncertainties inherent in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Table 1: Drill Hole Collar Information

Table 2: Drill Core Sample Results Details

Composites were calculated from length weighted Au sample interval results. Grade capping and cut-off have not been applied.

SOURCE: Canagold Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/657149/Canagold-Drills-308-gpt-Gold-Over-39-Meters-at-New-Polaris-Project

If you want to know who really controls First Quantum Minerals Ltd. (TSE:FM), then you'll have to look at the makeup of its share registry. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. Companies that used to be publicly owned tend to have lower insider ownership.

With a market capitalization of CA$17b, First Quantum Minerals is rather large. We'd expect to see institutional investors on the register. Companies of this size are usually well known to retail investors, too. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's delve deeper into each type of owner, to discover more about First Quantum Minerals.

View our latest analysis for First Quantum Minerals

What Does The Institutional Ownership Tell Us About First Quantum Minerals?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

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

First Quantum Minerals is not owned by hedge funds. The company's largest shareholder is Pangaea Investment Management Ltd., with ownership of 18%. In comparison, the second and third largest shareholders hold about 11% and 4.0% of the stock. Additionally, the company's CEO Philip Kelvin Pascall directly holds 0.9% of the total shares outstanding.

A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of First Quantum Minerals

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

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

Our most recent data indicates that insiders own some shares in First Quantum Minerals Ltd.. Insiders own CA$229m worth of shares (at current prices). It is good to see this level of investment. You can check here to see if those insiders have been buying recently.

General Public Ownership

The general public holds a 47% stake in First Quantum Minerals. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

We can see that Private Companies own 18%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 3 warning signs for First Quantum Minerals you should be aware of, and 1 of them is a bit unpleasant.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

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

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

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

If you want to know who really controls Teck Resources Limited (TSE:TECK.B), then you'll have to look at the makeup of its share registry. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Companies that have been privatized tend to have low insider ownership.

Teck Resources has a market capitalization of CA$14b, so it's too big to fly under the radar. We'd expect to see both institutions and retail investors owning a portion of the company. Taking a look at our data on the ownership groups (below), it seems that institutions own shares in the company. We can zoom in on the different ownership groups, to learn more about Teck Resources.

Check out our latest analysis for Teck Resources

What Does The Institutional Ownership Tell Us About Teck Resources?

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

As you can see, institutional investors have a fair amount of stake in Teck Resources. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Teck Resources, (below). Of course, keep in mind that there are other factors to consider, too.

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Teck Resources is not owned by hedge funds. Our data shows that China Investment Corporation is the largest shareholder with 11% of shares outstanding. With 2.6% and 2.2% of the shares outstanding respectively, The Vanguard Group, Inc. and RBC Global Asset Management Inc. are the second and third largest shareholders.

On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of Teck Resources

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

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

Our data suggests that insiders own under 1% of Teck Resources Limited in their own names. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own CA$17m worth of shares (at current prices). It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.

General Public Ownership

With a 37% ownership, the general public have some degree of sway over Teck Resources. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 1 warning sign for Teck Resources you should be aware of.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

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

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

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

The earnings report, which is expected to be released on August 3, 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 chemical producer is expected to post quarterly earnings of $1.77 per share in its upcoming report, which represents a year-over-year change of +2.9%.

Revenues are expected to be $1.23 billion, up 6.3% from the year-ago quarter.

Estimate Revisions Trend

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

Investors should keep in mind that 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 FMC?

For FMC, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -3.12%.

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

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

Does Earnings Surprise History Hold Any Clue?

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

For the last reported quarter, it was expected that FMC 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 beaten consensus EPS estimates four 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.

FMC 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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Dieppe, New Brunswick–(Newsfile Corp. – July 27, 2021) – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that its partner Tocvan Ventures Corp. ("Tocvan") has reported assays from 4 additional holes completed on its 20-hole (2,500 metres) Phase II reverse circulation ("RC") drill program at the Pilar Gold and Silver Project ("Pilar"), Sonora, Mexico. Tocvan is in year two of a five-year option agreement with Colibri to earn an initial 51% ownership of the Pilar Gold-Silver Project. For full details of the agreement see Colibri's news release dated September 24th, 2019.

"Our partner continues to illustrate the potential at Pilar. Results from Phase II drilling by Tocvan includes extension of the Main Zone and with these current results the confirmation of mineralization along the 4 Trench structure located northeast of the Main Zone. The drilling appears to be defining a footprint of mineralization approximately 500m x 500m with expansion potential to the southeast. We anxiously look forward to our partners continued success and the delineation and expansion of mineralization," states Ron Goguen, President & CEO of Colibri.

Highlights and discussion of results as released by Tocvan follow:

Drill Result Highlights

JES-21-53 (Figure 1)

• 15.3 meters at 1.1 g/t Au and 2 g/t Ag from 36.6 to 51.9 meters

  • Including 4.6 meters at 2.4 g/t Au and 3 g/t Ag from 41.2 to 45.8 meters

  • Including 1.5 meters at 4.6 g/t Au and 3 g/t Ag from 42.7 to 44.2 meters

JES-21-52

• 3.0 meters at 0.63 g/t Au and 47 g/t Ag from 33.6 to 36.6 meters

• And 3.0 meters at 0.49 g/t Au and 31 g/t Ag from 41.2 to 44.2 meters

JES-21-55

• 10.7m at 0.43 g/t Au and 4 g/t Ag from 10.7 to 21.4 meters

  • Including 1.5 meters at 1.2 g/t Au and 7 g/t Ag from 12.2 to 13.7 meters

Results Discussion

JES-21-52 – The hole was planned to test the 4-Trench Extension target. Drilling intersected a broad low-grade zone from 7.6 to 44.2m of 0.18 g/t Au and 7 g/t Ag, including a two higher grade sections with 3m of 0.63 g/t Au and 47 g/t Ag along with 3m of 0.49 g/t Au and 31 g/t Ag. (see Table 1).

JES-21-53 – The hole was planned to test the 4-Trench Extension target 100m on trend with drill hole JES-21-44. The hole intersected 15.3m of 1.1 g/t Au, including 1.5m of 4.6 g/t Au.

JES-21-54 – The hole was planned to test the 4-Trench Extension target 100m along trend from JES-21-53. Drilling intersected a broad low-grade zone from 45.8 to 74.2m of 0.11 g/t Au.

JES-21-55 – The hole was planned to test 4-Trench Extension target at the northwest extent of the trend. The hole intersected 10.7m of 0.43 g/t Au, including two elevated zones each 1.5m at 1.2 g/t Au. The hole was stopped due to a mechanical issue before reaching final target depth. The hole ended in 0.19 g/t Au and 31 g/t Ag.

Figure 1. Planview Map of Phase II Drill Program Update.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4269/91308_11b27e85b463387e_001full.jpg.

Table 1. Summary of Drill Results

*Insufficient drilling has been undertaken to determine true widths. All widths reported are core length. Gold equivalent ("AuEq") is calculated using metal prices of $1,700/oz gold and $18/oz silver.

About the Pilar Property

The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal project hosted in andesite rocks. Three zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-Trench. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 19,200 m of drilling have been completed to date. Significant results are highlighted below:

• 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):

  • 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;

  • 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0g/t Au and 12 g/t Ag ;

  • 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag

• 17,700m of Historic Core & RC drilling. Highlights include:

  • 61.0m @ 0.8 g/t Au

  • 16.5m @ 53.5g/t Au and 53 g/t Ag

  • 13.0m @ 9.6 g/t Au

  • 9.0m @ 10.2 g/t Au and 46 g/t Ag

Soil and Rock sampling results from undrilled areas indicate mineralization extends towards the southeast from the Main Zone and 4-Trench Zone. Recent Surface exploration has defined three new target areas: Triple Vein Zone, SE Vein Zone and 4 Trench Extension.

ABOUT COLIBRI RESOURCE CORPORATION:

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

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

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

Notice Regarding Forward-Looking Statements:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91308.

United States Steel Corporation X is scheduled to come up with its second-quarter 2021 results after the bell on Jul 29. Strong end-market demand and higher steel prices are likely to have driven its second-quarter results. The company is also expected to have benefited from its actions to improve cost and operating performance in the quarter.

The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 24%. It delivered an earnings surprise of roughly 18.7% in the last reported quarter.

Shares of U.S. Steel have shot up 198.1% over a year, compared with the industry’s rise of 126.9%.

Image Source: Zacks Investment Research

Zacks Model

Our proven model predicts an earnings beat for U.S. 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 U.S. Steel is +1.50%. The Zacks Consensus Estimate for the second quarter is currently pegged at $3.11. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: U.S. Steel currently carries a Zacks Rank #2.

What do the Estimates Say?

U.S. Steel, last month, issued its guidance for the second quarter. It expects second-quarter adjusted earnings per share to be roughly $3.08. It also sees adjusted net income for the quarter to be $880 million. The company also projects adjusted EBITDA to be around $1.2 billion.

The Zacks Consensus Estimate for revenues for U.S. Steel for the second quarter is currently pinned at $4,703 million, indicating a 124.9% year-over-year rise.

Moreover, the Zacks Consensus Estimate for shipments for the company’s Flat-Rolled unit for the quarter currently stands at 2,311,000 tons, reflecting a 0.9% sequential decline. The consensus estimate for average realized price per ton in the unit stands at $1,076, suggesting a 21.2% sequential increase.

The Zacks Consensus Estimate for shipments for U.S. Steel Europe segment is pegged at 1,067,000 tons, indicating a 2.3% sequential rise. The same for average realized price per ton in the unit stands at $837, calling for a 35% sequential increase.

For the Tubular segment, the consensus estimate for shipments is pegged at 113,000 tons, reflecting a 26% sequential rise. The same for average realized price per ton in the unit stands at $1,401, calling for a 2.1% sequential increase.

Some Factors at Play

The company’s second-quarter results are likely to have benefited from strong demand across end markets, higher domestic steel prices, the Big River Steel buyout and its efforts to improve operation efficiency and reduce costs.

U.S. Steel benefited from strong market fundamentals underpinned by strong demand and low steel inventories in the second quarter. Higher steel selling prices are also expected to have driven margins in its Flat-rolled, Mini Mill and U.S. Steel Europe segments in the quarter.

Notably, U.S. steel prices are on a tear driven by an upturn in demand, supply shortages and higher raw material costs. Prices have hit record levels after plunging to pandemic-induced multi-year lows in August 2020. The benchmark hot-rolled coil (“HRC”) prices started to recover in September 2020, and the bull run continues this year. HRC prices shot past the $1,600 per short ton level in May 2021 and remained above that level through June amid tight supply and robust demand. Higher domestic steel prices are likely to have boosted the company’s selling prices and supported its bottom line in the to-be-reported quarter.

United States Steel Corporation Price and EPS Surprise

United States Steel Corporation price-eps-surprise | United States Steel Corporation 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:

LyondellBasell Industries N.V. LYB, scheduled to release earnings on Jul 30, has an Earnings ESP of +6.99% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Westlake Chemical Corporation WLK scheduled to release earnings on Aug 3, has an Earnings ESP of +1.50% and carries a Zacks Rank #1.

Eastman Chemical Company EMN, scheduled to release earnings on Aug 2, has an Earnings ESP of +0.90% and carries a Zacks Rank #3.

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

Westlake Chemical Corporation (WLK) : Free Stock Analysis Report

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

Eastman Chemical Company (EMN) : Free Stock Analysis Report

LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

MISSISSAUGA, Ontario, July 27, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (TSXV:CCB) (the "Company" or "Canada Carbon") is pleased to announce that it has entered into a definitive agreement (the "Investment Agreement") for a drawdown equity financing facility (the "Facility") of up to CDN$5 million with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York-based private equity firm Alumina Partners, LLC.

The Company intends to use funds from Alumina to advance the Miller Project, including the completion of the feasibility study, and to determine the potential of the recently acquired graphite claims in and around the former Asbury graphite mine.

"We are excited that Alumina recognizes the potential of Canada Carbon and is prepared to provide capital to ensure that the management of the Company can deliver on that potential. This strong financial backing provides us with the flexibility and security we need to execute on our business plan,” said Olga Nikitovic, Interim CEO.

“We’re pleased to support Canada Carbon as they prepare to embark upon a new chapter of exploration in Quebec,” said Adi Nahmani, Alumina’s Managing Member. “As the range of applications for reference-grade graphite continues to expand, demand is expected to grow substantially. Electric vehicles and renewable energy solutions are both driving innovative new battery technologies, and graphite is critical to those applications. We are confident in management’s roadmap to progress Canada Carbon’s business plan, and look forward to seeing it realized.”

The Investment Agreement provides the Company with a financing facility over a period of 24 months during which time the Company can draw down, subject to certain conditions, through private placement tranches of up to $500,000. Each tranche shall be a private placement of units, to be comprised of one common share and one common share purchase warrant. The units will be issued at a discount of 15% to 25% from the closing market price at the time of each tranche, and the exercise price of the warrants will be at a 25% premium over the closing market price at the time of issuance. There are no finder’s fees or standby charges associated with these investments. Each tranche of units issued will be subject to the acceptance of the TSX Venture Exchange, and the securities issued will be subject to the customary 4-month and one day hold period.

For further information:

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

Valerie Pomerleau
Director Public Affairs and Communications
Canada Carbon Inc.
valerie@ryanap.com
(819) 856-5678

“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).

NEW YORK, NY / ACCESSWIRE / July 27, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

FREQ Shareholders Click Here: https://www.zlk.com/pslra-1/frequency-therapeutics-inc-loss-submission-form?prid=18030&wire=1
PLL Shareholders Click Here: https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18030&wire=1
OTLY Shareholders Click Here: https://www.zlk.com/pslra-1/oatly-group-ab-loss-submission-form?prid=18030&wire=1

* ADDITIONAL INFORMATION BELOW *

Frequency Therapeutics, Inc. (NASDAQ:FREQ)

FREQ Lawsuit on behalf of: investors who purchased November 16, 2020 – March 22, 2021
Lead Plaintiff Deadline: August 2, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/frequency-therapeutics-inc-loss-submission-form?prid=18030&wire=1

According to the filed complaint, during the class period, Frequency Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: the Company's Phase 2a trial results failed to live up to the Company's expectations as the results revealed no discernable difference between FX-322 and the placebo. In spite of the disappointing results, the Company continued to conduct the Phase 2a study while releasing positive statements in earnings calls, press releases, SEC filings, and pharmaceutical presentations about FX-322's potential. These statements materially misled the market and artificially inflated the value of Frequency's common stock.

Piedmont Lithium Inc. (NASDAQ:PLL)

PLL Lawsuit on behalf of: investors who purchased March 16, 2018 – July 19, 2021
Lead Plaintiff Deadline: September 21, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/piedmont-lithium-inc-loss-submission-form?prid=18030&wire=1

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

Oatly Group AB (NASDAQ:OTLY)

OTLY Lawsuit on behalf of: investors who purchased May 20, 2021 – July 15, 2021
Lead Plaintiff Deadline: September 24, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/oatly-group-ab-loss-submission-form?prid=18030&wire=1

According to the filed complaint, during the class period, Oatly Group AB made materially false and/or misleading statements and/or failed to disclose that: (a) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (b) the Company overstated its sustainability practices and impact; (c) the Company exaggerated its growth in China; and (c) as a result of the foregoing, Oatly's statements about its operations, business, and prospects were misleading during the Class Period.

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

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

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

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com:
https://www.accesswire.com/657338/CLASS-ACTION-UPDATE-for-FREQ-PLL-and-OTLY-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

(Bloomberg) — Rio Tinto Plc workers went on strike over labor contracts at an aluminum smelter in British Columbia on Sunday, their union said in a statement.

About 900 Rio Tinto workers at smelting facilities in Kitimat were on strike as of 12:01 a.m. local time Sunday, Unifor said in a release posted on the union’s website. The union accused the company of violating existing contracts by using contractors and temporary employees and failing to address concerns over pensions and retiree benefits.

“Our union is fully prepared to defend our members’ rights and protect good jobs in Kitimat now and in the future,” Jerry Dias, Unifor’s national president, said in the release.

Staff and employees required under an order by the B.C. Labour Relations Board have taken on duties to continue operations, Simon Letendre, a Rio Tinto spokesman, said in an email. The company is assessing how the strike will affect aluminum production and will work to limit disruptions. The strike commenced after the current collective labor agreement expired, he said.

“Rio Tinto has made every effort to reach a mutually beneficial agreement through negotiating in good faith with Unifor Local 2301 over the past seven weeks, and will continue to do so,” Letendre said. “Regrettably, the union refused the company’s proposal to request the intervention of a mediator.”

The Canadian smelter has been in operation since 1954 and produced 329,000 metric tons of aluminum in 2020, according to the company website.

(Adds company comments in fourth, fifth paragraphs)

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Antofagasta plc (LON:ANTO) shareholders might be concerned after seeing the share price drop 25% in the last quarter. 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 187% in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Only time will tell if there is still too much optimism currently reflected in the share price.

Check out our latest analysis for Antofagasta

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. 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, Antofagasta moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.

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

Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.

What About Dividends?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Antofagasta the TSR over the last 5 years was 229%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

A Different Perspective

It's nice to see that Antofagasta shareholders have received a total shareholder return of 43% over the last year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 27%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Antofagasta better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for Antofagasta you should be aware of.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

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

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

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

(Bloomberg) — The world’s biggest mining companies are about to start revealing how much cash they’re churning out from this year’s commodity boom. Look out for record profits followed by eye-watering dividend payouts.

The top-five western diversified miners may have earned a combined $85 billion for the first half of the year, according to analyst estimates, more than double the level from a year ago. Rio Tinto Group, the first to report on Wednesday, is expected to announce $22 billion of profit for the six months, on a par with its total for all of 2020.

The mining sector has been one of the biggest beneficiaries from the world’s efforts to emerge from the pandemic. The trillions of dollars poured into recovery packages have ignited demand for commodities like steel, iron ore and aluminum, driving prices sharply higher and sending inflation pressures rippling through the global economy.

Read more: Record Metals Prices Catapult Mining Profits Beyond Big Oil

And while previous rallies lured the industry into ambitious investment plans to build and expand mines, many producers this time appear content to return their profit windfalls to investors. The two biggest — Rio and larger rival BHP Group — have already been funneling record returns to shareholders.

Each of the group of five majors — which also includes Glencore Plc, Anglo American Plc and Vale SA — are expected to report their biggest-ever earnings for the six months through June, according to average analyst estimates compiled by Bloomberg. Rio could pay out 60% of its underlying earnings, according to some analyst estimates.

“This should be a pretty much stellar set of results all round,” said Ben Davis, an analyst at Liberum Capital. “We’re expecting record dividends from BHP and Rio, while Anglo and Glencore also have the potential to surprise.”

Iron ore has been a big driver of profit for the largest producers. The world’s biggest commodity after oil hit a record in the first-half, and has spent the last three months hovering around $200 a ton, a level not seen in a decade. Steel and copper prices both set fresh records this year, thermal coal has also soared, and even diamonds have had a resurgence.

Some prices have retreated recently amid concerns about rising Covid-19 cases and as China moves to curb rising costs. Yet commodity prices across the board remain historically high for now.

U.S. copper miner Freeport-McMoRan Inc. gave a hint of what to expect when it reported last week. The company has wiped out $5 billion of debt in the last 12 months, hitting its target months ahead of schedule, and setting the stage for an increase in shareholder returns.

Anglo American Platinum Ltd. added to that on Monday. The company, 79% owned by Anglo American, paid out a record dividend of $3.1 billion that equates to 100% of first-half headline earnings.

For the iron ore miners such as Vale, BHP and Rio, it promises to be even better. Demand for the steelmaking ingredient, especially from China, is rampant and supply is constrained. China, which accounts for about half of global steel production, is making a record amount of the metal, while iron ore supply has never recovered from two dam disasters in Brazil.

Of course, the mining companies are not immune to inflation themselves — iron ore operations in Australia are grappling with a sharp rise in labor costs due to worker shortages. And governments in resource-rich countries, especially in Latin America, are also looking at the industry as a source of extra revenue after the commodities rally.

For now though, the miners are cashing in.

(Updates with Anglo American Platinum dividend in 10th paragraph.)

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Vancouver, British Columbia–(Newsfile Corp. – July 26, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce that it has entered into a definitive arrangement agreement dated July 25, 2021 (the "Arrangement Agreement") with Talisker Resource Ltd. ("Talisker") pursuant to which Talisker will acquire all of the outstanding common shares of the Company (each, a "Common Share") for consideration of 0.3196 of a common share of Talisker for each Common Share held, by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction"). The proposed Transaction values the Company at approximately $0.095 per Common Share, representing a premium of approximately 36% to the closing price of New Carolin as at July 23, 2021 and approximately 21% to the five-day volume weighted average trading price.

Benefits to New Carolin Shareholders

• Highly attractive premium to New Carolin's shareholders of approximately 36% to the closing price of New Carolin as at July 23, 2021 and approximately 21% to the five-day volume weighted average trading price.

• Opportunity to participate in a leading gold exploration company with a portfolio of highly prospective exploration gold projects and superior liquidity.

• Continued exposure to the Ladner Gold Project through ownership of Talisker shares.

• Access to Talisker's exploration expertise and financial strengthen to enhance the advancement of the Ladner Gold Project.

• Diversifies the Company's single asset risk profile and provides exposure to Talisker's growing portfolio of British Columbia gold assets.

Kenneth Holmes, the President and Chief Executive Officer of New Carolin, commented: "First and foremost, this offer from Talisker brings with it both the financial strength and technical expertise to unlock what we have always believed to be the extraordinary value of our Ladner Gold Project, a district scale property that with the exploration efforts of the Talisker team could potentially host multiple deposits in addition to realizing the true potential of the Carolin Mine. As a tremendous added benefit, the Transaction, at a premium to the current share price, also enables our shareholders to gain exposure to Talisker's large portfolio of highly prospective gold projects in British Columbia, highlighted by the Bralorne Gold Project, and their extensive exploration and development activities that have been underway for some time. We thank all of our shareholders for their support throughout these years."

New Carolin Board of Directors' Recommendation

After consultation with its financial and legal advisors, the Arrangement Agreement was approved unanimously by the board of directors of the Company (the "Board") and the Board recommends that New Carolin shareholders vote in favour of the Arrangement.

The Board received a fairness opinion from Evans and Evans, Inc., which states that the consideration to be received by New Carolin shareholders under the Transaction is fair, from a financial point of view, to New Carolin shareholders.

Transaction Summary

Under the terms of the Transaction, each of the issued and outstanding common shares of the Company will be exchanged for 0.3196 of a Talisker common share (collectively, the "Consideration Shares"), which implies consideration of $0.095 per New Carolin, based on the preceding five-day volume weighted average trading price of the Talisker common shares on the Toronto Stock Exchange (the "TSX"). The Company's 22,267,039 outstanding warrants and 3,880,000 outstanding options will be adjusted so that on exercise the holders will receive Talisker common shares adjusted to reflect the same exchange ratio.

In connection with the Transaction, the Company entered into agreements to settle approximately $500,000 of New Carolin's outstanding payables following closing of the Transaction. In support of the Transaction, Talisker also advanced $400,000 (the "Loan") to New Carolin. As announced on June 28, 2021, the proceeds of the Loan were used to repurchase the net profits royalty previously encumbering a portion of the Ladner Gold Project and for general corporate purposes.

The Transaction has the Company's board and management support, as directors and officers holding 3.2% of issued and outstanding common shares of the Company have entered into voting support agreements with Talisker, pursuant to which they have agreed, among other things, to vote their Common Shares in favour of the Transaction.

The Transaction will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia), requiring the approval of (i) at least 66 2/3% of the votes cast by the shareholders of New Carolin, and (ii) at least 66 2/3% of the votes cast by the shareholders of New Carolin and the holders of options and warrants, voting together as a single class, at a special meeting of New Carolin securityholders that will be called to consider the Transaction.

In addition to shareholder and court approvals, the Transaction is subject to applicable regulatory approvals including, but not limited to, TSX and TSX Venture Exchange approval and the satisfaction of certain other closing conditions customary in transactions of this nature. The Arrangement Agreement contains customary provisions including non-solicitation, "fiduciary out" and "right to match" provisions. The Company has agreed to pay a termination fee to Talisker of $100,000 upon the occurrence of certain termination events. The Arrangement Agreement, which describes the full particulars of the Arrangement, will be made available on SEDAR under the issuer profiles of Talisker and New Carolin at www.sedar.com.

Full details of the Transaction will be included in the New Carolin management information circular which is expected to be mailed to shareholders in August 2021 and made available on SEDAR under the issuer profile of New Carolin at www.sedar.com. The shareholder meeting is expected to be held in September 2021 and the Transaction is expected to close shortly thereafter.

About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (Project). The Project is located near Hope, BC in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine and Pipestem Mine, and numerous gold prospects.

For additional information, please visit the Company's website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"

President and CEO

Toll Free: 1-(855) 891-9185
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com

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

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 the accuracy of this press release.

Caution concerning forward-looking information

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. All statements, other than statements of historical fact, included herein including, without limitation, statements or information about the completion of the Transaction, the anticipated benefits from the Arrangement, the consideration to be paid and the treatment of Company options and warrants under the Arrangement, the timing for the special meeting of Company shareholders and the timing for closing of the Arrangement are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risk factors include, among others: risks associated with the business of Talisker and the Company; risks related to the satisfaction or waiver of certain conditions contemplated by the Arrangement Agreement; risks related to reliance on technical information provided by Talisker and the Company; risks relating to exploration and potential development of the Company and Talisker's projects; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; prices for commodities to be produced and changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of mineral resources); risks relating to unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time and the additional risks identified in the Company's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91166

• The third drill hole, GD21-003 (165 m, 220°/-70°) intersected 78.0 meters* of quartz-sulphide veining, brecciation and associated alteration from 49.0 to 127.0 meters (link to images);

• The 53.5 meter* interval from 49.0 m to 102.5 m is similar in appearance to the mineralized intercepts of GD21-001 and GD21-002, containing 10% to 30% quartz vein stockwork which hosts pyrrhotite, sphalerite, galena, chalcopyrite, argentiferous tetrahedrite** and possibly argentite** and electrum** (link to images);

• Goliath’s Portable XRF spot counts of possible argentite** returned over 5000 g/t Silver (link to images);

• The upper bounding quartz-sulphide vein in GD21-003 is located approximately 50 meters down-dip of the top of mineralization in GD21-002, while the lower bounding quartz-sulphide vein is 85 meters down-dip of the base of the GD-21-002 intercept;

• The upper quartz-sulphide vein is intersected 37 meters below surface of the southernmost Cliff Showing, where a 2019, angular fresh float grab sample returned 967.99 g/t Gold Equivalent or AuEq (29.72 oz/t Gold, 97.19 oz/t Silver). The occurrence system remains open in all directions (link to image);

• The top of the quartz-sulphide vein intercept in GD21-003 is located 250 meters south of the Lower Waterfall Showing, where 2020 channel cuts assayed 13.05 g/t AuEq over 15.1 meters;

• A fourth hole (GD21-004) is currently being drilled to the south from the same drill pad as GD21-001, -002 and -003 is projected to intersect the Surebet mineralized shear zone;

• Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Rubble Showings of the Surebet Zone, testing an along an exposed at surface strike length of 1000 meters. The second phase of the 2021 drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters; and

• Up to ~5,000 meters of drilling are planned and will target the extensive high grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold but not as accurately as assays and does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 78.0-meter intercept of from the third drill hole, GD21-003, on the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”). The campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to a down dip depth over 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut sampling taken in 2020. Surebet also has 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Project is located in a mining friendly jurisdiction in a world class geological setting near Stewart, BC in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

Dr. Quinton Hennigh, technical advisor to Goliath commented: “Hole GD21-003 displays abundant sulphides, particularly base metal sulphides and sulphosalts. Intensity of mineralization appears to increase with respect to the first two nearby holes, both of which were impressive. The width of the Surebet mineralized zone remains very strong. Given that this hole reaches furthest southwest on this northwest-striking, southwest-dipping structure, the system is clearly open to the southwest where its surface exposure dives under talus cover. In fact, it may be strengthening in this direction, a very intriguing possibility. Goliath is exploring the possibility of drilling further to the southwest to evaluate this possibility. In the meantime, we look forward to completing hole GD21-004, the final hole from this pad, before moving the drill northward.”

Roger Rosmus, Founder & CEO stated, “the continuity of the drilling to date strongly indicates the presence of a very large high grade precious metals system that is showing the ingredients for to be the next big gold discovery in B.C.’s prolific Golden Triangle. With only 50M shares issued and outstanding, plus a strong treasury with no debt, our shareholders are in a great position to build value in short order. Drill results are expected on GD21-001 & 002 in the near future from our 100% controlled Golddigger Property.”

GD21-003 (165 meters, 230°/-70°) drilled at the Cliff Showing on the same drill pad as GD21-001 and -002, but with a southwest orientation. GD21-003 targeted approx. 50 meters down-dip of the quartz-sulphides mineralization of both previous holes to maximize the intersected span on the quartz-sulphide intervals.

GD21-003 (165 meters, 230°/-70°) drilled at the Cliff Showing on the same drill pad as GD21-001 and -002, but with a southwest orientation.

The upper quartz-sulphides veining (now termed the “Upper Zone”) was intersected with a much more prominent alteration halo consisting of silica bleaching and biotite (a water-rich Potassium, Iron-Magnesium Aluminum silicate) in the meters around the veining relative to GD-001 and -002. Several vein phases form imposing sulphides breccia.

Significant intervals occur for 43.0 meters* from 49.0 to 92.0 meters downhole length:

• Initial 17.3 meters* from 49.0 to 66.3 meters of :
  Significant quartz veining and vein-hosted galena (a Lead sulphide), sphalerite (a Zinc sulphide) and pyrrhotite (a magnetic Iron Sulphide), particularly over a 1.0 meter* interval from 58.0 to 59.0 meters with massive quartz-sulphides vein;

• Followed by 3.7 meters* from 66.3 to 70.0 meters of:
  50% massive sulphides as veins crosscutting and brecciate/form stockwork of white quartz veining. Sulphides include pyrrhotite, galena, argentite (a Silver sulphide), native Silver, sphalerite, chalcopyrite (a Copper Sulphide) and tetrahedrite (a Copper-Antimony Sulphur salt);

• Followed by 3.2 meters* from 70.0 to 73.2 meters of:
  Biotite and Iron carbonate altered wallrock, intensely sheared containing ~5% angular centimeter-scale fragments of grey quartz vein material, itself crosscut by centimeter-wide white quartz veins, containing ~5% sulphides including galena, sphalerite and pyrrhotite;

• Followed by 18.8 meters* from 73.2 to 96.4 meters of:
  Moderate biotite and silica alteration hosts 10 to 30% centimeter- to decameter-scale white quartz, ±chlorite and ±pyrrhotite veins;

• Followed by 5.6 meters* from 96.4 to 102.0 meters of:
  ~20% white quartz and ±scheelite (a Calcium-Tungsten mineral)** vein stockwork containing clusters of sphalerite (~2%), galena (~1%) and argentite (a Silver sulphide)** (~0.1%);

• Followed by 0.5 meters* from 102.0 to 102.5 meters of:
  Coarse-grained white quartz vein with ~4% clotted sphalerite, ~3% specularite (an Iron oxide derived from magnetite) and ~1% galena;

• Followed by 1.5 meters* from 102.5 to 104.0 meters of:
  Orange calcite dusting overprints intense ductile deformation foliation with disseminated and clustered pyrite (an Iron sulphide) (~5%) and pyrrhotite (~1%); and

• Followed by 23.0 meters* from 104.0 to 127.0 meters of:
  Calcite (~20%), pyrite (5-10%), pyrrhotite (~1%) and chlorite (a water-rich Iron-Magnesium Aluminum silicate) stringers.

GD21-003 undercut an area approximately 37 meters below surface of the southernmost Cliff Showing. The Cliff Showing previously yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

The upper bounding quartz-sulphide vein in GD21-003 is located approximately 50 meters down-dip of the top of mineralization in GD21-002, while the lower bounding quartz-sulphide vein is 85 m down-dip of the base of the GD-21-002 intercept. The top of the quartz-sulphide vein intercept in GD21-003 is located 250 meters south of the Lower Waterfall Showing, where 2020 channel cut yielded 13.05 g/t AuEq over 15.1 meters.

The fourth hole on the Surebet Zone, GD21-04 (at a targeted length of 150 meters, 170°/-70°), is being drilled to the south from the same drill pad as the first three holes in order to further constrain the geometry (true width and orientation) of the Surebet mineralized shear vein at the Cliff Showing.

Goliath has planned for up to ~5,000 meters of fan drilling from multiple drill pads to target the extensive gold-bearing quartz-sulphide veining at Surebet both along strike and to depth from surface exposures at the Lower Waterfall, Waterfall, Main, Central and North Rubble Showings. Surface sampling has outlined 1,000 meters of strike length, 500 meters of vertical relief and 1,000 meters of inferred down-dip extent. The drilling will focus on testing the continuity at depth of the high-grade gold-silver mineralization zone exposed at surface averaging 9.84 meters wide at 10.68 g/t AuEq (with 7.59 g/t gold) which remains open (see Company news release dated November 25, 2020).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold but not as accurately as assays and does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company contracted by Goliath. Core boxes are transported by helicopter over a 15 kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-constructed, meterage blocks are checked, meter marks are labeled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit^TM.

Drill holes were planned using Leapfrog Geo^TM and QGIS^TM software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a plastic bag with an ALS sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP41, Ag-AA61 and Au-ICP22 methods. Over limits are re-analyzed using the ME-OG-46, Ag-GRA, Ag-AA62 and Au-GRA22 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

The Property has an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is located in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, BC.

Surebet is located some 8 kilometers southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1,000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 kilometer (1,000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

The Company has granted stock options for a total of 390,000 common shares of the Company to Officers and Directors a. These stock options are exercisable at $1.29 each, which was the closing price on July 23, 2021.
These options will expire July 23, 2026 and are governed by the Company's stock option plan.

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete

the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

FORT DAUPHIN, Madagascar, July 26, 2021–(BUSINESS WIRE)–Rio Tinto has signed a power purchasing agreement for a new renewable energy plant to power the operations of its QMM ilmenite mine in Fort Dauphin, Southern Madagascar.

This project, which uses solar and wind energy, will significantly contribute towards Rio Tinto’s operations in Madagascar achieving its carbon neutral objective by 2023. The project is part of a broader initiative to reduce the ilmenite mine’s environmental footprint which includes programmes that focus on emissions reduction, waste and water management, carbon sequestration, ecological restoration and reforestation.

The renewable energy plant, to be built, owned and operated by independent power producer, CrossBoundary Energy (CBE), over a 20-year period, will consist of an 8 MW solar facility and a 12 MW wind energy facility to power mining and processing operations. There will also be a lithium-ion battery energy storage system of up to 8.25 MW as reserve capacity to ensure a stable and reliable network.

It will supply all of QMM’s electricity demand during peak generation times, and up to 60 percent of the operations’ annual electricity consumption. QMM will replace the majority of the power it currently supplies to the town of Fort Dauphin and the community of around 80,000 people with renewables.

The renewable energy plant will comprise more than 18,000 solar panels and up to nine wind turbines located in the Port Ehoala Park area. Construction is expected to begin this year with the solar plant scheduled to start operations at the beginning 2022. The wind power plant is planned to commence construction early 2022 and become operational by the end of 2022.

QMM President Ny Fanja Rakotomalala said: "This project is a strong example of our commitment with the Government of Madagascar to the sustainable development of the region. On a sunny and windy day, all the electricity needed by QMM and the Fort Dauphin community will be generated by the Malagasy sun and wind. It is a major step forward on our journey towards a truly sustainable mine, that protects and promotes the uniqueness of Madagascar’s environment and benefits the community with reliable and clean electricity."

Secretary General, Ministry of Energy and Hydrocarbons of the Republic of Madagascar, Andriatongarivo Tojonirina Andrisoa, said: "The Government of Madagascar is committed to the energy transition and to setting up Madagascar to be energy independent, as stated in the President’s Initiative pour l’Emergence de Madagascar (IEM). QMM’s renewable energy project, technically ambitious with two installations dedicated to solar and wind, is fully aligned with that vision. It makes Madagascar a global reference point for the use of renewable energy to supply clean, reliable power in the mining sector and other industries, and to the community."

Rio Tinto Minerals Chief Executive Sinead Kaufman said: "With this flagship project, QMM is leading the way at Rio Tinto and in Madagascar in utilizing renewable energy to power mining operations and reduce carbon emissions."

CrossBoundary Energy Co-founder and Managing Partner Matt Tilleard commented: "Emissions from electricity use in mining is estimated to account for around 1% of all greenhouse gases globally. Rio Tinto is leading the way in demonstrating how mines can seize a huge opportunity to reduce these emissions. We are focused on delivering cleaner power to businesses and were therefore able to offer Rio Tinto a flexible, fast, all-equity funding approach, combined with our reliable track record as one of Africa’s largest distributed renewable utilities."

About QIT Madagascar Minerals

QIT Madagascar Minerals (QMM), is a joint venture between Rio Tinto (80%) and the government of Madagascar (20%). It is located near Fort Dauphin in the Anosy region of south-eastern Madagascar, and primarily produces ilmenite which is a major source of titanium dioxide, predominantly used as a white pigment in products such as paints and paper.

QMM also produces zirsill used in the manufacturing ceramic tiles and digital screens, and monazite, a rare earth element, used in renewable energy technologies like high-powered permanent magnets used in wind turbines and electric vehicles.

QMM includes the deep-water Port d’Ehoala, where the raw material is shipped to the Rio Tinto Fer et Titane plant in Canada and processed into titanium dioxide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210726005386/en/

Contacts

Please direct all enquiries to communicationqmm@riotinto.com

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

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Clare Peever
M +44 7788 967 877

Media Relations, Australia
Jonathan Rose
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M +61 433 525 739

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Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: QMM

New Bona and Vista Zone Discoveries Extend the Mineralized Treasure Shear Trend to 700 m

Vancouver, British Columbia–(Newsfile Corp. – July 26, 2021) – Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to provide an update on the ongoing prospecting, channel sampling and soil sampling designed to identify multiple additional drill targets on the Reliance Gold Property (the "Property") in southern British Columbia. The company is also pleased to announce that it has now signed a diamond drill contract with mobilization expected in August. The Property is located 4 kilometres ("km") east of the village of Gold Bridge with year-round road access, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

The results of the exploration activity reported to date indicate the existence of multiple gold bearing shear zone features within an area encompassing 1,500 metres ("m") of strike, 450 m of horizontal width and over 750 m of vertical extent. To date, exploration has discovered and confirmed gold in drilling at the Eagle Zone, Imperial Zone, Diplomat Zone and the Treasure Prospect. Additional exploration and drilling is required to explore this large prospective area. The diamond drilling program is expected to commence in August but will likely involve multiple drilling campaigns to fully evaluate the gold bearing system.

Eagle Extension Soil Sampling

As reported on June 17, 2021, the furthest southeast reverse circulation drill intersections of the Eagle Zone include 9.87 grams per tonne gold ("gpt Au") over 7.62 m in RC21-040 and 8.95 gpt Au over 3.05 m in RC21-041. Thus, the Eagle Zone discovery in drilling remains open to expansion to the southeast. As reported on February 16, 2021, this area is also associated with a biogeochemical anomaly which extended the exploration potential of the Eagle Zone by another 400 m to the Upper Eagle target. To date in 2021, 151 soil/talus fine samples have been collected from the Eagle Extension through to the Upper Eagle target area and were analyzed at site by pXRF. A subset of 80 soil samples determined to be elevated in arsenic were shipped to ALS Minerals for gold analysis.

The results of these 80 selected soil samples extended the greater than 100 parts per billion ("ppb") gold-in-soil anomaly by 300 m to the southeast of the Eagle Zone drilling. Highlights include four (4) soil/talus fine samples which exceeded 1,000 ppb gold or 1.0 part per million ("ppm") gold. The location of the target areas and associated large soil anomaly are shown on the map below or available on the Company website.

Of particular encouragement are the results of the 3DIP geophysical survey completed in 2021 which have identified a chargeability anomaly that extends to the southeast into the Upper Eagle target area which is associated with the soil anomaly and Eagle Zone mineralization intersected in drilling. That IP chargeability anomaly also extends to the northwest into areas that remain to be explored with drilling.

When combined with the soil/talus fine gold results collected in 2020, the greater than 100 ppb gold-in-soil anomaly associated with the combined Royal Shear and Treasure Shear has been extended to 1.2 km strike and remains open to expansion along trend. Sixteen (16) soil/talus fine samples from combined 2020 and 2021 soil surveys have values that exceed 1.0 ppm gold-in-soil.

New Zones Identified at Bona and Vista

As reported on February 16, 2021, a biogeochemical anomaly was identified associated with the Treasure Shear Trend that indicates strike potential of approximately 1,400 m. As subsequently reported on May 27, 2021, gold was confirmed in bedrock with a drill intersection of 1.6 gpt Au over 6.10 m at the Treasure Prospect. As a result of this encouragement, a review of recently received LiDAR DEM images, prospecting and additional soil sampling was completed and has resulted in the identification of the Vista and Bona showings, two potentially gold-mineralized shear zones along the Treasure Shear trend. Assuming gold is confirmed in these shears, these zones extend the mineralized potential of the Treasure Shear to about 700 m in strike, remaining open to expansion in both directions. The location of the Bona and Vista Zones are shown on the map below or available on the Company website.

Vista Showing – The Vista gold showing was originally identified and reported in 1988 by a prior operator but the location had been lost to overgrowth. There is no historic documented drill testing of this target. The Company believes this zone has now been rediscovered in four (4) spatially associated outcrops along historic road cuts. At the Vista Main Outcrop, fifteen (15) channel samples have been collected over 18.4 m of horizontal distance. In this outcrop, an observed shear zone dipping -50 degrees to the southwest exhibits strong orange ankerite and darker hematite alteration. The shear is hosted in a silicified basalt flow. The Vista West Outcrop is 11 m west of Vista Main Outcrop and, at this location, six (6) channel samples were collected over 8.5 m horizontal distance. The Main and West outcrops exposures with shear zones exposed are separated along the same roadcut by massive, blocky weathering, unmineralized basalt. The third outcrop with oxidized shearing is located 25 m to the northwest of Vista Main Outcrop, and the fourth outcrop associated with oxidized shearing is located 75 m to the northwest of Vista Main Outcrop. Further outcrop stripping and sampling is required to be completed at the third and fourth outcrops. At this time no gold assay results have been received for the Vista Showing but are expected in August.

Bona Showing – The Bona gold showing was originally identified and reported in 1985 by a prior operator but the location had been lost to overgrowth. There is no historic documented drill testing of this target. The Company believes this zone has now been rediscovered. At the Bona Showing, a 7.3 m wide oxidized shear has been recently exposed in outcrop. Six (6) channel samples have now been collected over 10.36 m of horizontal distance. The strike and dip for this shear is unknown but is assumed to have a shallow to moderate dip to the southwest. The shear exhibits strong orange ankerite alteration with local wispy zones of reddish-brown oxidized hematite. At this time no gold assay results have been received for the Bona Showing but are expected in August.

Community Consultation and Engagement – The Company is proud of its efforts to engage and inform local communities, as well as employ local personnel and contractors as much as possible, including the First Nation communities. Engagement and dialogue are continuing with affected First Nation communities to determine opportunities for mutually beneficial participation. This outreach effort has resulted in the Company contracting Tsal'alh Development Corporation (TDC) to assist in providing personnel and contracting assistance with numerous aspects of our exploration program in 2020 and continuing in 2021. The planned diamond drilling activity may involve the excavation of additional drill trails and we are continuing with our engagement with affected First Nation communities to evaluate any impacts or concerns. In addition, we continue to engage other residents and local service providers located within the Upper Bridge River Valley to assist with our exploration program.

Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.com

Soil samples were submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they were prepped and screened to -180 micron using method code SCR-41. Samples were then submitted for aqua regia digestion and analyzed for gold and other trace elements with an ICP-MS finish (method code AuME-TL43). Over limit samples returning greater than 1,000 ppb gold were re-analyzed by Au-AROR43 methodology.

RC samples summarized herein were collected under the supervision of a geologist at the drilling rig. Drilling was completed using a 3.5 inch hammer bit and rock chip samples were collected using a cyclone. Sample size were reduced to 1/8th size with a riffle splitter at the drilling rig. A second duplicate split and coarse chips were collected for reference material and stored. All RC samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70% <2 mm then up to 250 gram pulverized to <75 microns. Samples are then submitted for four-acid digestion and analyzed for 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 ppm gold are re-analyzed by Au-GRA21 methodology and over limit antimony returning greater than 10,000 ppm Sb are re-analyzed by Sb-AA08 methodology.

The work program was supervised by Darren O'Brien, P.Geo., an independent consultant and qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

July 26, 2021 Reliance soil sample map

To view an enhanced version of this graphic, please visit:
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91161

CNX Resources Corporation CNX is scheduled to release second-quarter 2021 earnings on Jul 29, before the market opens. This exploration and production company delivered an average earnings surprise of 119.6% in the last four reported quarters.

Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.

Factors to Consider

CNX Resources’ earnings in the second quarter are likely to have benefited from lower shares outstanding, as the company has been opportunistically repurchasing shares from the open market. It has been managing costs in an efficient manner, and the same is expected to have lowered operating expenses as well as boosted margins in the second quarter.

It utilized free cash flow to lower the outstanding debt level by more than $70 million in the first quarter, which is likely to have lowered capital servicing cost and aided margins in the second quarter. Stable production volumes from high-quality assets are expected to have boosted second-quarter performance.

Expectations

The Zacks Consensus Estimate for the June quarter earnings per share stands at 24 cents, suggesting an 84.6% rise from the year-ago reported figure.

What Our Quantitative Model Predicts

Our proven model predicts earnings beat for CNX Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below.

CNX Resources Corporation. Price and EPS Surprise

CNX Resources Corporation. price-eps-surprise | CNX Resources Corporation. Quote

Earnings ESP: It has an Earnings ESP of +7.50%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: CNX Resources carries a Zacks Rank #3, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks to Consider

Investors can also consider the following players from the same industry that too have the right combination of elements to beat on earnings in the to-be-reported quarter.

Matador Resources Company MTDR is slated to release second-quarter results on Jul 27. It has an Earnings ESP of +7.62% and sports a Zacks Rank of 1.

Devon Energy Corporation DVN is slated to release second-quarter results on Aug 3. It has an Earnings ESP of +2.93% and sports a Zacks Rank of 1.

APA Corporation (APA) is slated to release second-quarter results on Aug 4. It has an Earnings ESP of +7.01% and sports a Zacks Rank of 1.

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SASKATOON, SK, July 26, 2021 /CNW/ – IsoEnergy Ltd. ("IsoEnergy" or the "Company") (TSXV: ISO) (OTCQX: ISENF) is pleased to announce the Company's exploration plans for the 2021 program. Exploration work to be completed includes diamond drilling and ground geophysical surveying at Larocque East, diamond drilling at Geiger, and airborne geophysical surveying at Collins Bay Extension (Figure 1). Field crews have mobilized to the eastern Athabasca Basin area to begin the summer exploration program.

Tim Gabruch, Chief Executive Officer commented: "The IsoEnergy team is excited to get back to work in Northern Saskatchewan. The Saskatchewan Government has done an excellent job distributing vaccines and the situation in the province has markedly improved to the point where all remaining public health restrictions in Saskatchewan were lifted as of July 11^th. IsoEnergy will continue to work responsibly in Northern Saskatchewan with the health and safety of our employees, contractors and Northern residents being our number one priority.

Our exploration focus will remain on our 100% owned Larocque East property and the Hurricane deposit in particular. With that said, we will also expand our summer drilling program by returning to our highly prospective Geiger property in line with IsoEnergy's strategy of delivering a portfolio in the eastern Athabasca Basin. Prior to purchasing Larocque East and discovering the Hurricane deposit, Geiger was a high priority target for IsoEnergy, and we look forward to returning to work there this summer."

Andy Carmichael, Vice President of Exploration commented: "With diamond drilling on two high priority projects, ground geophysics at Larocque East to develop additional drill targets, and airborne geophysics to map key structures at Collins Bay Extension, IsoEnergy has an exciting exploration season planned. We have been eager to return to the field to further delineate the Hurricane Zone and to explore other prospective targets the team has prioritized. Drilling at Geiger began over the weekend."

Larocque East: Diamond Drilling and Geophysics

IsoEnergy's focus remains on its 100% owned Larocque East project where a 53 line-kilometre DC-resistivity (DC-Res) survey was recently completed. Covering the fertile Larocque Lake trend from the eastern limit of the 2019 DC-Res survey to the eastern project boundary, the survey was designed to map conductive basement and identify zones of lower resistivity in the overlying sandstones possibly indicative of hydrothermal alteration. Interpretation of the survey results is underway. Figure 2 shows the 2021 DC-Res survey area in plan view.

A 30 drill hole, 12,000 metre diamond drilling campaign is planned at Larocque East beginning in August. Drilling has three objectives: Expansion; Infill; and Exploration. Twelve drill holes are planned to expand the footprint of the Hurricane zone and will include drilling at both the western and the eastern sides of the zone. Four infill drill holes are planned between existing drill fences to provide valuable information on the continuity of the higher-grade portions of the zone. Figure 3 shows the Expansion and Infill target areas in plan view. Fourteen exploration drill holes are planned in two target areas. The main target area is a three-kilometre-long section of the Larocque Lake trend where DC-resistivity signatures similar to that of Hurricane are present and historical drilling has intersected alteration, structures, graphitic basement, and anomalous geochemistry. The second target area includes trends of decreased resistivity in the sandstone and basement and is located southeast of and subparallel to the Hurricane zone stratigraphy. Figure 2 shows the exploration target areas in plan view.

Geiger: Diamond Drilling

Twelve diamond drill holes totalling 4,200 metres are planned at IsoEnergy's 100% owned Geiger project in July and August. Drilling will target the eastern portion of the project where historical drill holes intersected positive results. Of particular interest is the area near historical drill hole Q34-003 which intersected anomalous radioactivity within strongly altered basal sandstones above structured, geochemically anomalous, graphitic basement. Figure 4 shows the Geiger drilling area in plan view.

Collins Bay Extension: Airborne Surveying

An airborne Versatile Time-Domain Electromagnetic (VTEM) and spectrometer survey is planned at IsoEnergy's 100% owned Collins Bay Extension project in August. The 567 line-kilometre survey will cover the southwestern portion of the project and is intended to map the northeastern extensions of the Tent-Seal and Collins Bay trends and survey for radioactive anomalies. Figure 5 shows the airborne survey area.

Qualified Person Statement

The scientific and technical information contained in this news release was prepared by Andy Carmichael, P.Geo., IsoEnergy's Vice President, Exploration, who is a "Qualified Person" (as defined in NI 43-101 – Standards of Disclosure for Mineral Projects). Mr. Carmichael has verified the data disclosed. This news release refers to properties other than those in which the Company has an interest. Mineralization on those other properties is not necessarily indicative of mineralization on the Company's properties. For additional information regarding the Company's Larocque East Project, including its quality assurance and quality control procedures, please see the Technical Report dated effective May 15, 2019, on the Company's profile at www.sedar.com.

About IsoEnergy

IsoEnergy is a well-funded uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca Basin in Saskatchewan, Canada. The Company recently discovered the high-grade Hurricane Zone of uranium mineralization on its 100% owned Larocque East property in the Eastern Athabasca Basin. IsoEnergy is led by a Board and Management team with a track record of success in uranium exploration, development, and operations. The Company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd.

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

This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and such securities may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements thereunder.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, alternative sources of energy and uranium prices, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

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

SOURCE IsoEnergy Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/26/c0888.html

Energy Fuels Inc. UUUU is expected to report second-quarter 2021 results soon.

Q2 Estimates

The Zacks Consensus Estimate for second-quarter revenues is currently pegged at $5.5 million, indicating growth of 1,270% from the prior-year quarter. The consensus mark for bottom line is pegged at a loss of 4 cents, compared with a loss of 8 cents in the year-ago quarter. The estimates have remained stable over the past 30 days.

Q1 Results

In the last reported quarter, Energy Fuels reported revenues of $0.38 million, which declined 46% year over year and missed the Zacks Consensus Estimate of $0.55 million. The company reported first-quarter 2021 loss per share of 8 cents, wider than the Zacks Consensus Estimate of a loss per share of 5 cents. The uranium mining company had reported a loss of 5 cents in the prior-year quarter.

The company has a trailing four-quarter negative earnings surprise of 40%, on average.

Energy Fuels Inc Price and EPS Surprise

Energy Fuels Inc price-eps-surprise | Energy Fuels Inc Quote

Factors to Note

Energy Fuels has strategically opted not to enter into any uranium sales commitments in 2021. Consequently, its uranium production is expected to be added to existing inventories, which were anticipated to total between 720,000 pounds and 750,000 pounds at 2021-end. The company intends to hold this inventory until prices for uranium go up significantly. It is also holding on to its vanadium until spot prices spike from current levels.
It expects to sell finished vanadium product when justified into the metallurgical industry, as well as other markets that demand a higher-purity product, including the aerospace, chemical, and potentially the vanadium battery industries.

Meanwhile, the company has been pursuing new sources of revenues, including its emerging REE business, and new sources of alternate feed materials and new fee processing opportunities at the White Mesa Mill that can be processed under existing market conditions (i.e., without reliance on current uranium sales prices).

In response to the proposed establishment of the Uranium Reserve, the company is evaluating activities aimed toward increasing uranium production at all or some of its production facilities, including the currently operating White Mesa Mill, as well as the Nichols Ranch ISR Facility, the Alta Mesa ISR Facility, La Sal Complex and Pinyon Plain Mine. During 2021, the company expects to recover uranium at the White Mesa Mill from pond-returns and alternate feed materials. The company anticipates producing mixed REE carbonate from natural monazite ore during 2021, subject to successful ramp-up. Energy Fuel’s revenues for the quarter under review are likely to reflect fees for ore received from a third-party uranium mine.

On Oct 6, 2020, the company announced that it has repaid all of its debt — achieving debt free status for the first time since 2012. This is likely to have reduced interest expenses and thereby, might have favored margins in the second quarter. The company’s ongoing efforts to lower costs are likely to get reflected in the to-be-reported quarter’s bottom line.

What the Zacks Model Unveils

Our proven model does not conclusively predict an earnings beat for Energy Fuels this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: The Earnings ESP for Energy Fuels is 0.00%.

Zacks Rank: The company currently carries a Zacks Rank #3.

Price Performance

Image Source: Zacks Investment Research

Energy Fuel’s shares have soared 162.1% in the past year compared with the industry’s rally of 79.1%.

Stocks Poised to Beat Estimates

Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:

Olympic Steel, Inc. ZEUS has an Earnings ESP of +31.84% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

GrowGeneration Corp GRWG currently has a Zacks Rank #2 and an Earnings ESP of +31.58%.

Eastman Chemical Company EMN has an Earnings ESP of +0.90% and a Zacks Rank of 3 currently.

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Energy Fuels Inc (UUUU) : Free Stock Analysis Report

Eastman Chemical Company (EMN) : 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

Albertsons Companies, Inc. ACI is likely to register top- and bottom-line decline when it reports first-quarter fiscal 2021 results on Jul 29, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $20.5 billion, which indicates a decline of 9.7% from the prior-year quarter’s reported figure.

The Zacks Consensus Estimate for first-quarter earnings currently stands at 68 cents per share, suggesting a slump of 49.6% from the year-ago reported figure. The consensus mark has moved up by 2 cents in the past 30 days. This leading food and drug products retailer delivered an earnings surprise of 20% in the last reported quarter.

Key Aspects to Note

Albertsons top-line is like to reflect the impact of demand moderation, as consumers have begun outdoor dining amid easing of pandemic restrictions and vaccine rollouts. Reduction in pantry loading and at-home consumption trends might have affected year-on-year revenue comparison. In the last earnings call, management indicated that the company is witnessing lower demand across certain categories such as soup, pasta and pasta sauce, when compared to pre-pandemic levels.

Lower fuel sales may have weighed on the to-be-reported quarter’s performance. In the last earnings call, management predicted fuel related headwinds worth $50 million for the first-quarter. Adverse impacts stemming from higher selling, general & administrative expenses cannot be ruled out. The company has been incurring higher selling and administrative expenses due to incremental COVID-19 expenses and other charges.

Nevertheless, gains from rising digital sales, loyalty program and efforts to boost assortments, especially in the fresh and Own Brands categories, are likely to have favored the first quarter performance.

Albertsons Companies, Inc. Price, Consensus and EPS Surprise

Albertsons Companies, Inc. price-consensus-eps-surprise-chart | Albertsons Companies, Inc. Quote

What the Zacks Model Unveils

Our proven model predicts an earnings beat for Albertsons this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Albertsons has a Zacks Rank #3 and an Earnings ESP of +4.44%.

Other Stocks With Favorable Combination

Here are some other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:

Chewy Inc. CHWY currently has an Earnings ESP of +20% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Costco Wholesale Corporation COST currently has an Earnings ESP of +0.52% and a Zacks Rank #2.

Sprouts Farmers Market, Inc. SFM has an Earnings ESP of +2.95% and a Zacks Rank #3, at present.

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Earlier this morning, Alliance Resource Partners released its second-quarter 2021 financial and operating results, and we will now discuss these results as well as our perspective on market conditions and outlook. Before we begin, a reminder that some of our remarks today may include forward-looking statements.

(Adds background, details from release)

July 26 (Reuters) – Miner Rio Tinto said on Monday it planned to cut production at its BC Works aluminium smelter in Kitimat, Canada to 35% following a strike initiated by the Canadian union Unifor after negotiation talks failed.

Unifor said on Sunday about 900 workers had started strike action at the miner's operations in the western Canadian province of British Columbia, after nearly seven weeks of unproductive talks over proposed changes to workers' retirement benefits and unresolved grievances.

Rio Tinto employs about 1,050 people at the BC Works smelter and Kemano powerhouse, of which the union represents about 900 workers.

The miner, which has been granted an essential services order by the British Columbia Labour Relations Board, said a reduced workforce is also in place to ensure the Kemano hydro-power facility continues to run. [https://refini.tv/2Wf54r0 ] (Reporting by Rithika Krishna in Bengaluru; Editing by Shinjini Ganguli)

(Bloomberg) — Southern Copper Corp. missed quarterly output expectations as the world’s fifth-largest producer deals with the lingering effects of the pandemic.

While producer profits are booming thanks to high prices fueled by the pandemic recovery, their operations are paying the price of Covid-fighting measures. Southern had to process lower quality ore last quarter after undertaking earthworks and maintenance that had been postponed last year in a bid to maintain production with reduced staffing.

After an initial supply shock when the world went into lockdown early last year, copper suppliers largely bounced back by focusing on the bare essentials of churning out metal. Non-essential workers stayed home as mine preparation and upkeep efforts were delayed. But that was a short-term fix that carried risks for future output.

READ MORE: Future of Copper Production Thrown Into Doubt by Worker Cuts

Southern Copper’s operations in Peru and Mexico produced 237,110 metric tons in the second quarter, down 6.3% from the previous quarter and falling short of the 241,630-ton average estimate among analysts tracked by Bloomberg. The giant Escondida mine in Chile is also playing catchup with mine development.

Still, Southern is targeting a recovery to 960,000 tons for the year and a 259% surge in quarterly net income from a year earlier helps dull the pain of operational headwinds. It also remains hopeful that the economic benefits of its Tia Maria project will help it secure permits under the incoming government of left-winger Pedro Castillo.

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

MONTREAL, July 26, 2021–(BUSINESS WIRE)–Rio Tinto has begun reducing production at its BC Works aluminium smelter in Kitimat, Canada due to a strike initiated by the Unifor Local 2301 union after negotiations failed to reach a new collective labour agreement.

Production will be reduced to around 35 per cent of the smelter’s 432,000 tonne annual capacity, so that it can safely be operated by staff and employees required under an essential services order granted by the BC Labour Relations Board.

Rio Tinto Aluminium managing director Atlantic Operations Samir Cairae said: "Reducing production will have a significant impact on the business and community, but we are committed to taking the necessary steps to operate safely with a reduced workforce.

"We have made every effort to reach a mutually beneficial agreement through negotiating in good faith over the past seven weeks, including proposing an independent mediator which was rejected by Unifor Local 2301.

"We will continue to look for longer term solutions with the union and work closely with customers and suppliers to minimise disruptions."

A reduced workforce is also in place to ensure the Kemano hydro-power facility continues to run safely.

Rio Tinto employs approximately 1,050 people at the BC Works smelter and Kemano powerhouse, including around 900 employees represented by Unifor Local 2301. The company contributed C$780 million to the economy of British Columbia in 2020.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210726005751/en/

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: BC Works

Investors interested in stocks from the Chemical – Diversified sector have probably already heard of Huntsman (HUN) and FMC (FMC). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Right now, Huntsman is sporting a Zacks Rank of #2 (Buy), while FMC has a Zacks Rank of #3 (Hold). This means that HUN's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

HUN currently has a forward P/E ratio of 9.19, while FMC has a forward P/E of 14.87. We also note that HUN has a PEG ratio of 0.17. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. FMC currently has a PEG ratio of 1.35.

Another notable valuation metric for HUN is its P/B ratio of 1.53. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, FMC has a P/B of 4.52.

These metrics, and several others, help HUN earn a Value grade of B, while FMC has been given a Value grade of C.

HUN is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that HUN is likely the superior value option right now.

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Discovered over a century ago, helium was never intended for balloons.

It wasn’t supposed to be a party gas. At the height of the Cold War, the United States recognized its strategic nature and started stockpiling it and controlling supply and pricing at a Federal Helium Reserve in Amarillo, Texas.

Three decades later, in the 1990s, the federal government decided that helium could be sold to private entities.

Now, reports say those reserves have been depleted, and the reserve is slated for shutdown in September, while the United States is taking over 2 billion cubic feet of helium off the market.

For national security, Big Tech, biomedicine and even the space race, the situation may now be nearing critical.

And one junior Canadian explorer who recently scooped up highly prospective helium property in both the U.S. state of Montana and the Canadian province of Alberta is hoping to be part of the change for the course our helium trajectory.

Avanti Energy Inc. (TSX:AVN.V; US OTC:ARGYF) is aiming for the next big commercial helium discovery, and it’s a small-cap stock that could end up rewarding early-in investors significantly, if successful.

And from where we stand, it looks well positioned to take advantage of a critical supply squeeze looming for helium.

Our Tech Future May Depend on Helium

Everything from Big Data, fiber optics and MRIs to astrophysics, space travel and cryogenics relies on helium.

There’s no winning the race against China for global tech dominance without helium.

There might be no winning the space race, either.

Advancements in healthcare could be severely hindered.

You probably wouldn’t be able to get an MRI.

And perhaps most significantly, at least to the masses in the immediate term …

No one would be able to stream TV and movies … or even use a cell phone.

Helium is usually found in natural gas reservoirs and mined as a by-product of natural gas.

This noble gas is so valuable because it’s non-combustible, very unreactive, highly stable and so light that Earth’s gravity cannot hold it. Helium is non-toxic and boils at -268 degrees Celsius–near absolute zero, which is the lowest temperature in the universe. No other element can perform the invaluable act of remaining a liquid at such temperatures.

That’s what makes helium a noble gas that cannot be replaced.

And investors will like the fact that it’s already a hundred times more expensive than natural gas, which sells for around $3 per Mcf.

Helium can sell for as much as $400 Mcf, and isn’t traded like a commodity—yet.

Now, get ready for what looks to us like the supply squeeze of the century. One that could last decades.

There is no better time for a junior explorer to be launching exploration in prospective helium territory.

And it looks like there are no better venues that Alberta—which is already witnessing a helium land rush—and Canada’s Saskatchewan, which is on trend with key areas of Montana.

Fast-Paced Acquisitions

Avanti Energy Inc. (TSX: AVN.V; US OTC: ARGYF) took decisive action in the second quarter of this year, with four major acquisition moves we think are significant.

First, it acquired the license for over 6,000 acres from the Government of Alberta in highly prospective helium territory.

Next, it scooped up another ~2,500 acres in Alberta. Those projects–Knappen and Aden–show helium up to 2% and helium-trapping structures.

Shortly afterwards, Avanti moved on over 60,000 acres in northern Montana, on territory that is said to be on-trend with both Saskatchewan’s helium prospects and Alberta’s.

In mid-April, Avanti moved to acquire the helium license rights to a 12,000-acre land package in Montana. According to reports, that deal should close soon.

In June, Avanti announced intentions to purchase the helium license rights for ~50,000 more acres in Montana. The deal is still being finalized, but initial data shows multiple formations (similar to the Aden project) and data from surrounding wells makes this one even more promising in our perspective: That data showed 1.5%-2.2% helium in the Cambrian and 0.7%-1.7% helium in the Devonian. Again, with high nitrogen levels (up to 96%).

Back in Alberta, at Avanti’s Knappen project, data shows helium concentrations up to 2.18%, with nitrogen up to 98%. Additionally, data shows deep structural features for trapping helium. (Keep in mind that in Alberta, reports say 1% helium is considered a very good concentration.)

At the Aden project, also in Alberta, similar results and helium concentrations have been shown in multiple zones.

For Alberta, it’s great news because the province is reinventing itself: It’s not only going to be about dirty oilsands in the future. The future is critical gas supplies, and Alberta could become a major global hub for helium.

Experienced Explorers Who’ve Been Part Of This Before

The key figures behind Avanti Energy Inc. (TSX: AVN.V; US OTC: ARGYF) are experienced in exploration. And they know discovery, too.

Several team members were involved in giant Encana’s natural gas discovery in Canada’s Montney shale—a play that ended up producing around 300,000 boe/d over 15 years.

One of those key figures is Chris Bakker, Avanti’s CEO who has over 20 years of O&G experience, including with Encana. His expertise in acquisitions, exploration and production has already been tested in the past.

Are Insiders Going All-In on Avanti?

Reports show that insiders have been buying up this stock, and we think that’s always a good sign …

It’s now on analyst radar, too.

Recently, Beacon Securities Limited initiated coverage on Avanti, stating that with the new ~50,000 acres in Montana, Avanti could have “a contiguous land block that may support several years of drilling”.

Beacon also noted that “if successful, numerous development wells would follow with production in H2/22 once facilities are configured and installed”.

But in our view this one could move fast.

On July 12^th, following a detailed geophysical review of seismic data, Avanti Energy Inc. (TSXV: AVN) (US OTC PINK: ARGYF) identified three potential drilling locations on its Aden property and says it will now be moving forward with its planned Q3/Q4 drilling program.

Not only did the team’s geophysical review of seismic data confirm a four-way structural close with over 75 meters of relief, ideal for trapping helium, Avanti said it would target multiple horizons showing up to ~95% nitrogen and ~2% helium from multiple adjacent wells and previously abandoned wells on the property.

Not only is Avanti moving fast, but we think the land rush in Alberta is taking on proportions appropriate for a looming helium shortage that could make or break our tech dominance, and much, much more.

Tech resource companies to watch:

As demand for energy continues to explode in a post-pandemic China, CNOOC Limited (NYSE:CEO, TSX:CNU) will likely be one of the biggest winners in this boom. It’s the country’s most significant producer of offshore crude oil and natural gas and may well be one of the most controversial oil stocks for investors on the market. A label that has nothing to do with its operations, however.

Just last month, U.S. regulators announced their intention to de-list Chinese companies from the New York Stock Exchange, going back on their announcement just a few days later. The sustained negative press surrounding Chinese companies, however, has put CNOOC in an uncomfortable position for investors. While many analysts see the company as significantly undervalued, it is still struggling to gain traction in U.S. markets.

Lithium Americas Corp. (NYSE:LAC, TSX:LAC) is one of North America’s most important and successful pure-play lithium companies. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

It’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.

Lithium Americas’ efforts have paid off in the market, as well. While many companies across multiple industries struggled last year, Lithium Americas’ stock soared. In February last year, the company’s stock price was sitting at just $5.26, while today it is at $13.32, representing a more than 100% return for investors who bought in just a year ago.

Turquoise Hill Resources Ltd. (NYSE:TRQ, TSX:TRQ) is a key player in Canada’s resource and mineral industry. It is a major producer of coal and zinc, two resources with distinctly different futures. While headlines are already touting the end of coal, zinc is a mineral that will play a key role in the future of energy for years and years to come.

In addition to its zinc operations, Turquoise Hill is also a significant producer of Uranium. Uranium is a key material in the production of nuclear energy, which many analysts are suggesting could be a major component in the global transition to cleaner energy. While the mineral has not seen significant price action in recent years, there are a number of new projects set to come online across the globe in the medium term, which could be a boon to Turquoise Hill, especially as alternative energies gain traction in the marketplace.

Teck Resources (NYSE:TECK, TSX:TECK) could be one of the best-diversified miners out there, with a broad portfolio of Copper, Zinc, Energy, Gold, Silver and Molybdenum assets. It’s even involved in the oil scene! With its free cash flow and a lower volatility outlook for base metals in combination with a growing push for copper and zinc to create batteries, Teck could emerge as one of the year’s most exciting miners.

Though Teck has not quite returned to its January highs, it has seen a promising rebound since April lows. In addition to its positive trajectory, the company has seen a fair amount of insider buying, which tells shareholders that the management team is serious about continuing to add shareholder value. In addition to insider buying, Teck has been added to a number of hedge fund portfolios as well, suggesting that not only do insiders believe in the company, but also the smart money that’s really driving the markets.

Celestica (NYSE:CLS, TSX:CLS), like Magna, is a key company in the lithium boom due to is role as one of the top manufacturers of electronics in the Americas. Celestica’s wide range of products includes but is not limited to communications solutions, enterprise and cloud services, aerospace and defense products, renewable energy and enough health technology.

Thanks to its exposure to the renewable energy market, Celestica’s future is tied hand-in-hand with the green energy boom that’s sweeping the world at the moment. It helps build smart and efficient products that integrate the latest in power generation, conversion and management technology to deliver smarter, more efficient grid and off-grid applications for the world’s leading energy equipment manufacturers and developers.

Like the rest of the market, Celestica fell victim to the massive selloff sparked by the global COVID-19 pandemic, seeing its share price fall into the $2 range in March 2020. Since then, however, the stock price has soared by nearly 400% to its current trading price of $8.11. As the world races towards a greener future, however, the upside potential for Celestica could be even higher.

By. James Burgess

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that prices for helium will significantly increase due to global demand and use in a wide array of industries and that helium will retain its value in future due to the demand increases and overall shortage of supply; that Avanti can pursue exploration of the recently acquired licenses of property in Alberta; that Avanti’s licenses in respect of the Alberta property can achieve drilling and mining success for helium; that Avanti will be able acquire the rights to helium on 12,000 acres of prospective land in Montana pursuant to its announced letter of intent; that Avanti will be able acquire the rights to helium on approximately 50,000 acres of additional prospective land in Montana pursuant to two recently announced binding agreements; that the Avanti team will be able to develop and implement helium exploration models, including their own proprietary models, that may result in successful exploration and development efforts; that historical geological information and estimations will prove to be accurate or at least very indicative of helium; that high helium content targets exist in the Alberta and Montana projects; that results of the recent geophysical review of seismic data used to identify potential drilling targets will provide accurate that result in successful drilling and exploration efforts on the Avanti properties; and that Avanti will be able to carry out its business plans, including timing for drilling and exploration. These 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 information. Risks that could change or prevent these statements from coming to fruition include that demand for helium is not as great as expected; that alternative commodities or compounds are used in applications which currently use helium, thus reducing the need for helium in the future; that the Company may not fulfill the requirements under its Alberta licenses for various reasons or otherwise cannot pursue exploration on the project as planned or at all; that the Company may not be able to acquire the helium rights to the Montana lands as contemplated in the letter of intent, binding agreements or at all; that the Avanti team may be unable to develop any helium exploration models, including proprietary models, which allow successful exploration efforts on any of the Company’s current or future projects; that Avanti may not be able to finance its intended drilling programs to explore for helium or may otherwise not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information, analysis or testing; and that despite promise, results of the recent geophysical review of seismic data used to identify potential drilling targets may be inaccurate or otherwise fail to result in successful drilling and exploration efforts on the Avanti properties, and that there may be no commercially viable helium or other resources on any of Avanti’s properties. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. Oilprice.com and its owners and affiliates (“Oilprice.com”) have not been compensated by Avanti but may in the future be compensated to conduct investor awareness advertising and marketing for TSXV:AVN. The information in this report and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns shares of Avanti and therefore has an additional incentive to see the featured company’s stock perform well. Oilprice is therefore conflicted and is not purporting to present an independent report. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

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Read this article on OilPrice.com

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Piedmont Lithium Inc. f/k/a/ Piedmont Lithium Limited (NASDAQ: PLL, PLLL) between March 16, 2018 and July 19, 2021, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Piedmont investors under the federal securities laws.

To join the Piedmont class action, go 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.

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.

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. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2124.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN 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 or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) is pleased to announce that it has completed the acquisition from Centaur Resources Pty Ltd. ("Centaur") of the Sal de la Puna lithium project which was the subject of its news releases dated March 29, May 26 and June 28, 2021 (the "Centaur Acquisition"), and that it has closed the first tranche of its $10 million subscription receipts private placement announced July 12, 2021.

William Randall, President and Chief Executive Officer of the Company, commented, “With recent developments in the Pastos Grandes basin closing this acquisition secures Arena with a strategic and key land package within a world class basin. Closing the acquisition of Sal de la Puna project as part of the Centaur Acquisition, with the support of our partner Ganfeng Lithium and strategic financing by Lithium Americas, is a transformative event for Arena.”

Private Placement

The Company has closed an initial tranche of its subscription receipts private placement, issuing 42,857,143 subscription receipts to Lithium Americas Corporation ("Lithium Americas") (TSX: LAC; NYSE: LAC) at a price of $0.14 per subscription receipt for aggregate consideration of $6 million. The Company anticipates closing a second tranche for the remainder of the placement shortly, which will include participation by GFL International Co. Ltd., a subsidiary of Ganfeng Lithium Co., Ltd (“Ganfeng Lithium”) (1772.HK; OTCQX: GNENF).

Upon the closing of the Company's share purchase agreement with Centaur Resources Pty Ltd., the subscription receipts were exchanged without payment of additional consideration for units of the Company consisting of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.25 for a period of 24 months from the date of issuance. Following the exchange of the subscription receipts, Lithium Americas held 42,857,143 Common Shares and 21,428,571 Warrants.

Sal de la Puna Acquisition

Arena has completed the previously announced acquisition of all of the shares of Centaur Resources Holdings from Centaur, particulars of which are contained in the Company's news releases of May 26 and June 28, 2021. The aggregate consideration for the acquisition was approximately USD $22 million. Through this acquisition, the Company has acquired a 100% interest in the Sal de la Puna lithium brine project, which covers approximately 11,000 hectares of the Pastos Grandes basin located in the Puna region of Salta province, sharing the basin with Millennial Lithium Corp. (TSX-V:ML). Please refer to the Company's previous news releases respecting the Centaur Acquisition for further information respecting the Sal de la Puna project.

As disclosed in the Company's news release of March 29, 2021, the Company took an assignment of the right to acquire Centaur Resources Holdings from LITH-ARG Acquisition LLC ("LITH-ARG") pursuant to a binding MOU. Under the terms of the MOU, LITH-ARG agreed to assign to Arena all right, title and interest in a heads of agreement entitling it to acquire Centaur Resources Holdings in consideration for payment by Arena to LITH-ARG or to its direction of 49,345,314 common shares of Arena, 18,384,519 share purchase warrants each entitling the holder to acquire one common share of Arena at a price of $0.16 cents per common share for a period of 24 months following closing and a cash payments of $1.98-million (U.S.). These payments were made concurrently with the closing of the Centaur Acquisition. The shares issued in connection with the binding MOU are subject to a four month plus one day hold period.

Arena agreed to pay a finder's fee to an arm's length finder in connection with the binding MOU. The finders fee consists of 5% of the shares issued in connection with the MOU (not the private placement or Centaur Acquisition) and is subject to the approval of the TSX Venture Exchange.

About Arena Minerals Inc.

Arena owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products.

Arena also owns 80 percent of the Atacama Copper property covering approximately 5,000 hectares within the Antofagasta region of Chile. The project is at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district. Arena holds 5.82 million shares of Astra Exploration Ltd as a result of the sale of its 80% interest in the Pampa Paciencia epithermal gold property, also located in northern Chile, to Astra Exploration Ltd.

To view our website, please visit www.arenaminerals.com. In addition to featuring information regarding the Company, its management, and projects, the site also contains the latest corporate news, a long form text explaining the unique business model of the Company (under the tab "the Company Explained") and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Vice-President Corporate Development, at +1-647-801-7273 or smarcotte@arenaminerals.com.

On behalf of the Board of Directors of: Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muerto or Pocitos Projects in Argentina, and the Company's ability to obtain financing. 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". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. 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. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

Shares of Lithium Americas (NYSE: LAC) were up 8% as of midday Monday, in response to a ruling that the mining outfit can move forward with plans to excavate its Thacker Pass site in Nevada. Just as the name suggests, Lithium Americas is a key producer of lithium, the key component of batteries used to power electric vehicles. The industry continues to expand, with worldwide sales of electrified automobiles growing 41% last year even with the pandemic in place, according to numbers from the International Energy Agency.