Denver, CO, July 26, 2021 (GLOBE NEWSWIRE) — Intrepid Potash Inc. (NYSE: IPI) plans to release its second quarter 2021 financial results on Monday, August 2, 2021, after the market closes. Intrepid will host a conference call on Tuesday, August 3, 2021 at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions.

Management invites you to listen to the conference call by using the dial-in number 1-800-319-4610 from the U.S. and Canada, or +1-631-891-4304 from other countries. The call will also be streamed live on Intrepid's website, intrepidpotash.com.

A recording of the conference call will be available approximately two hours after the completion of the call at intrepidpotash.com or by dialing 1-800-319-6413 from the U.S. and Canada, or +1-631-883-6842 from other countries. The replay of the call will require the input of the conference identification number 7466. The recording will be available through September 3, 2021.

About Intrepid

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

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

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

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

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

Zacks Consensus Estimate

This potash and fertilizer producer is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +114.3%.

Revenues are expected to be $48.6 million, up 28.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 72.97% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

Earnings Whisper

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

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

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

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

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

How Have the Numbers Shaped Up for Intrepid Potash?

For Intrepid Potash, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +200%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination indicates that Intrepid Potash will most likely 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 Intrepid Potash would post a loss of $0.06 per share when it actually produced earnings of $0.18, delivering a surprise of +400%.

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

Bottom Line

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

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

Intrepid Potash appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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

Intrepid Potash, Inc (IPI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

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

The earnings report, which is expected to be released on August 2, 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 the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This fertilizer maker is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +781.8%.

Revenues are expected to be $2.93 billion, up 43.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.82% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

Earnings Whisper

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

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

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

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

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

How Have the Numbers Shaped Up for Mosaic?

For Mosaic, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.26%.

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

So, this combination indicates that Mosaic will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

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

For the last reported quarter, it was expected that Mosaic would post earnings of $0.50 per share when it actually produced earnings of $0.57, delivering a surprise of +14%.

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.

Mosaic appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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

The Mosaic Company (MOS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – July 26, 2021) – Quaterra Resources Inc. (TSXV: QTA) ("Quaterra" or the "Company") announces that on July 23, 2021 it received notice from the State of Nevada that the State has not approved extensions of three water rights permits purchased by its subsidiary, Singatse Peak Services, LLC ("SPS") in 2011. The State also advised that a fourth permit would not be extended after a period of an additional year. Prior to the notice, the Company believed it held a total of seven water rights permits providing for usage of approximately 6,014 acre-feet of water annually for mining and milling purposes in Yerington, Nevada.

The four permits in question were extended regularly by the State during the period 2011 through 2020. The notice from the State was in response to the Company's extension application filed in November of 2020. The basis for not granting a renewal of the permits included increased demand on the available water from other users, and non-use of the water by the Company for mining and milling purposes since 2011.

During this same period, the company invested into exploration of the Yerington copper properties to better assess their potential for development. The Company reiterates its commitment to the development of the MacArthur oxide copper project, noting that the pre-feasibility drilling program (see News Release of May 7, 2021 for details) is ongoing, with drilling to date of 9,633 feet.

The Company has the right to appeal the State's decision within 30 days from the date of the notice and has retained legal counsel to initiate and vigorously undertake the appeal process.

The Company is considering the implications of the State notice on its ongoing advancement of the MacArthur copper oxide project, and on the prior sales of a portion of the permitted water rights.

About Quaterra Resources Inc.

Quaterra Resources Inc. is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is advancing its Yerington copper project in the historic Yerington Copper District, Nevada. It continues to investigate opportunities to acquire prospects in North America on reasonable terms and the partnerships with which to advance them.

On behalf of the Board of Directors,
Stephen Goodman
President

For more information please contact:
Karen Robertson
Corporate Communications
778-898-0057

Email: info@quaterra.com
Website: www.quaterra.com

Some statements in this news release are forward-looking statements under applicable United States and Canadian laws. These statements are subject to risks and uncertainties which may cause results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not undertake to update any forward-looking statement that may be made from time to time except in accordance with applicable securities laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91170

Cleveland-Cliffs, featured in IBD 50 Stocks To Watch, is getting close to a breakout amid high steel prices and heavy demand.

Toronto, Ontario–(Newsfile Corp. – July 26, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce drill results from its ongoing 40,000 metre ("m") exploration program. The results reported are from drilling at the Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte Mining District of Newfoundland and Labrador, Canada. Exploration activities are ongoing with two diamond drill rigs completing remaining infill and exploring along the highly prospective Hammerdown Deformation Zone. Drilling is set to begin on several new regional targets along the Spucy Pond Gold Trend (located 5 km east of the Hammerdown deposit), Gull Ridge and Whisker Valley throughout 2021 and into 2022.

Highlighted Drill Intercepts from Hammerdown

• 39.98 gpt Au over 2.05m, including 140.16 gpt Au over 0.20m (MP-21-188)

• 26.94 gpt Au over 0.20m (MP-21-185)

• 22.55 gpt Au over 0.35m (MP-21-187)

• 15.2 gpt Au over 0.55m, including 40.21 gpt Au over 0.20m (MP-21-186)

• 12.70 gpt Au over 1.40m, including 23.81 gpt Au over 0.20m and 51.20 gpt Au over 0.20m (MP-21-185)

• 6.93 gpt Au over 2.25m, including 13.60 gpt Au over 0.60m and 11.17 gpt Au over 0.50m (MP-21-185)

• 6.02 gpt Au over 1.82m including 23.41 gpt Au over 0.40m (MP-21-185)

Definition Drilling Completed at Hammerdown

Maritime has completed a definition drilling program within the conceptual open pit shell at the Hammerdown deposit consisting of thirty-seven (37) diamond drill holes totalling 4,944 metres. The holes were placed at important locations along the strike length of the deposit to confirm the interpretation and continuity of the mineralization for resource modelling. Drill hole MP-21-188 intersected the high grade M08 zone as expected, returning a high-grade interval of 39.98 gpt Au over 2.05m, including 140.16 gpt Au over 0.2m. Drill hole MP-21-185 successfully intersected 15 separate veins in the core of the deposit highlighted by several high grade intervals including 12.70 gpt Au over 1.40m, 6.93 gpt Au over 2.25m and 6.02 gpt Au over 1.82m. Additional drilling is planned approximately 150m from the eastern edge of Hammerdown where the deposit is open along strike and at depth with excellent potential to extend the mineralized vein system. Previous drilling in 2020 intersected 6.9 gpt Au and 12.9 gpt Ag over 6.0m, including 19.9 gpt Au and 24.1 gpt Ag over 2.0m in drill hole GA-20-35 (see press release dated February 1, 2021).

"These drill results further confirm the continuity of the high grade, near surface gold system at Hammerdown. Drilling was completed in several areas of the deposit where high grade veins were not consistently sampled by historic operators. This provides an opportunity to gather additional data and better define the vein extents as we update the mineral resource estimate," commented Garett Macdonald, President and Chief Executive Officer. "There are currently two drills on site with one drill rig focusing on the Orion North target and the other kicking off our regional exploration program by targeting the new Timber Pond and Birchy Island Pond VTEM anomalies on the east side of the property," continued Mr. Macdonald.

Figure 1: Hammerdown Drill Hole Locations – Plan View Click to enlarge

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4548/91160_b0bd81cf14d21baf_001full.jpg

Table 1: Hammerdown Drill Hole Composites

Note: Gold assay values are not capped and interval lengths are approximately true width

Table 2: Drill Hole Locations and Orientations

Analytical Procedures:

All samples assayed and pertaining to this press release were completed by Eastern Analytical Limited ("EAL") located at Springdale, Newfoundland and Labrador. EAL is an ISO 17025:2005 accredited laboratory for a defined scope of procedures. EAL has no relationship to Maritime. Samples are delivered in sealed plastic bags to EAL by Maritime field crews where they are dried, crushed, and pulped. Samples are crushed to approximately 80% passing a minus 10 mesh and split using a riffle splitter to approximately 250 grams. A ring mill is used to pulverize the sample split to 95% passing a minus 150 mesh. Sample rejects are securely stored at the EAL site for future reference. A 30-gram representative sample is selected for analysis from the 250 grams after which EAL applies a fire assay fusion followed by acid digestion and analysis by atomic absorption for gold analysis. Other metals were analyzed by applying an acid digestion and 34 element ICP analysis finish. EAL runs a comprehensive QA/QC program of standards, duplicates and blanks within each sample stream.

About Maritime Resources Corp.

Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property. This includes the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

On Behalf of the Board:

Garett Macdonald, MBA, P.Eng.
President and CEO

For further information, please contact:

Tania Barreto, CPIR
Head of Investor Relations
1900-110 Yonge Street, Toronto, ON M5C 1T4
info@maritimegold.com
www.maritimeresourcescorp.com

Twitter
Facebook
LinkedIn
YouTube

Qualified Person:

Exploration activities at the Hammerdown Gold Project and Whisker Valley are administered on site by the Company's Exploration Manager, Larry Pilgrim, P.Geo and Technical Advisor Jeremy Niemi, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Caution Regarding Forward-Looking Statements:

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends", "indicates" "plans" and similar expressions. Forward-looking statements include statements concerning the potential to increase mineral resource and mineral reserve estimates, the Company's decision to restart the Project, the Company's plans regarding depth extension of the deposit at Hammerdown, the Company's plans regarding completing additional infill and grade control testing within the PEA mine plan, the Company's plans regarding drilling targets previously identified, the anticipated timing of receiving permits for construction and development of Hammerdown and the Company's decision to acquire new mineral property interests and assets, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including market reaction to the coronavirus outbreak; competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision at Hammerdown and executing exploration programs at its Newfoundland and Labrador properties on the Company's proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company's properties; uncertainty as to whether the acquisition of assets and new mineral property interests including the Nugget Pond gold circuit will be completed in the manner currently contemplated by the parties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91160

Vancouver, British Columbia–(Newsfile Corp. – July 26, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to report the positive results of the Preliminary Economic Assessment ("PEA") for the Phase 1 mine plan ("Phase 1") of the Metates gold-silver project in Durango, Mexico. Phase 1 evaluates the initial development of Metates as a low cost, scalable heap-leach operation. The PEA demonstrates robust project economics with optionality for expansion into a significantly larger operation. The PEA was prepared by M3 Engineering & Technology of Tucson, Arizona ("M3") with input from other prominent industry consultants.

HIGHLIGHTS OF PHASE 1 PEA:

(All financial figures are in U.S. dollars unless otherwise noted)

• Compelling Project Economics: Pre-tax NPV of C$1.43 billion (US$1.14 billion) and 35% IRR at $1,600 per ounce gold and $22 per ounce silver at a 5% discount rate, over a 31-year mine life ("LOM").

• Production Metrics: Average annual production of over 110,000 ounces of gold and 2.5 million ounces of silver during the first 15 years. All-in sustaining cost ("AISC") of $748 per gold ounce with a LOM low stripping ratio of 2.2:1.

• Significant Cash Flow: Average annual pre-tax free cash flow of $113 million in the first 15 years, and cumulatively $2.7 billion LOM.

• Initial Capital Cost and Payback: The PEA contemplates an initial capital cost of $359 million, including $64 million in contingency costs. Payback 2.5 years.

• Scalable Operation: Phase 1 15,000 tpd mine is expandable to 30,000 tpd, to bring production forward and reduce the 31-year LOM.

• Resource Optionality: The PEA only focuses on the higher-grade intrusive hosted portion of the Metates orebody, which represents less than 20% of the total mineral resource.

• Highlights Sulphide Heap-Leach Technology Potential: Management believes there is a strategic opportunity for Chesapeake across the precious metals industry to enhance the project economics of sulphide orebodies globally.

The PEA demonstrates strong financial performance and rapid capital payback developing Metates as a sulphide heap leach operation. The site's simplified process flowsheet, compact footprint and proximity to key infrastructure contribute to the project's low initial capital cost. The PEA forecasts early cash flow generation which supports future expansions that can be developed by the Company. Excellent upside optionality exists to scale up future production to potentially take advantage of the entire resource.

Alan Pangbourne, CEO said, "The Metates PEA is a key milestone towards Chesapeake's larger vision of becoming a mid tier gold and silver producer. I'd like to thank our technical team for the progress to date. We look forward to providing additional updates as we continue to de-risk and develop Metates."

Randy Reifel, Chairman continued, "This PEA demonstrates Metates as large, scalable Tier 1 project with excellent economics. I believe the revised approach to Metates is a potential "game changer" for Metates and the gold mining industry at large. Alan has the track record to build Chesapeake into an innovative, successful gold producer in the coming decade."

An updated presentation including the highlights of the Phase 1 PEA has been uploaded to the Chesapeake website: https://chesapeakegold.com/wp-content/uploads/2021/07/2021.07.26-Metates-PEA-Presentation.pdf.

METATES GOLD-SILVER PROJECT

The Metates project located in Durango State, Mexico, is one of the largest, undeveloped disseminated gold and silver deposits in Mexico. The property comprises 12 mineral concessions totalling 14,727 hectares. The Metates deposit is hosted by Mesozoic sedimentary rocks that have been intruded by a quartz latite body up to 300 metres thick and 1,500 metres long. The gold-silver mineralization occurs as sulphide veinlets and disseminations in both the intrusive and sedimentary host rocks.

Mineral Resource Estimate

The PEA includes a revised mineral resource estimate for the Metates Project and replaces the mineral reserve estimate contained in the Company's updated preliminary feasibility study dated April 29, 2016 ("2016 PFS"). The measured and indicated mineral resource is 1.3 billion tonnes at 0.47 g/t gold and 12.9 g/t silver for 19.8 million ounces of contained gold and 542.0 million ounces of contained silver. Inferred mineral resource is an additional 62.2 million tonnes at 0.32 g/t gold and 9.0 g/t silver for 640,000 ounces contained gold and 18.0 million ounces of contained silver. Table 1 below shows the new resource statement for the Metates project.

The mineral resource is broadly divided into intrusive hosted and sediment hosted mineralization. In terms of measured and indicated mineral resource tonnes, about 80% of the resources are sediment hosted and 20% intrusive hosted. The mineral resources are based on a block model developed by Independent Mining Consultants ("IMC") during July 2014. The results of the recent metallurgical core drilling program reported in the news release dated June 28, 2021, have not been included in this block model.

The measured, indicated, and inferred mineral resources reported are contained within a floating cone pit shell, and are compliant with the "reasonable prospects for economic extraction" requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The mineral resource cone shell is based on a gold price of US$1,600 per ounce and silver at US$20 per ounce.

Table 1: Metates Mineral Resource Statement

Notes:

1. The Mineral Resources have an effective date of May 18, 2021 and the estimate was prepared using the definitions in CIM Definition Standards (May 10, 2014).

2. All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.

3. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

4. Mineral Resources are based on prices of US$1600/oz gold and US$20/oz silver.

5. Mineral Resources are based on a gold equivalent cut off grade of 0.26 g/t.

6. The gold equivalent value is calculated as follows:
   Gold Equivalent (g/t) = Gold (g/t) + Silver (g/t) / 74.67, based on gold recovery of 70% and silver recovery of 75%.

Figure 1: Phase 1 Metates Cross Section

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/752/91171_bdc26a5944d5e8b9_002full.jpg

The Company cautions that the results of the PEA are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them to be classified as mineral reserves. There is no certainty that the results of the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Mining and Processing

The Metates mine will be a conventional open pit mine. The mining is planned to be conducted by contractors. Mine operations will consist of conventional drilling blasting, loading and hauling with large off-road trucks, hydraulic shovels and wheel loaders. Plant feed will be delivered to the primary crusher and waste to various waste storage facilities. The mine plan for this study only considered the higher grade intrusive hosted mineralization as potential plant feed. There will be a stockpile for sedimentary hosted resource that is not considered plant feed for this first phase of the operation. There will also be a low-grade stockpile facility to store marginal grade intrusive material for processing at the end of commercial pit operations. There will be a support fleet of track dozers, rubber-tired dozers, motor graders, and water trucks to maintain the working areas of the pit, waste storage areas, and haul roads. Figure 2 shows the overall site layout.

The site layout features a very compact layout with all the major infrastructure located at or near site. A water diversion tunnel is required upstream of the mine and a water reservoir will be constructed below the site to supply water for the operations. Power will come to site via a connection to a nearby substation and allow power to be supplied from the national grid. All the major mining, waste dumps, stockpiles and leach pads are all located in one watershed. The mine plan consumes significantly less power and water than a conventional sulphide flow sheet with a very low environmental footprint.

A mine plan was developed to supply plant feed to a conventional three stage crushing plant with the capacity to process 15,000 tpd. After crushing to 80% minus ½ inch the material is agglomerated in alkaline solution and placed on a "on-off" pad to allow it to oxidize for up to 180 days. Oxidation solutions are continuously regenerated to maintain the alkalinity and remove sulphate build up.

The oxidized material is then transferred to a permanent pad for conventional cyanide leaching in multiple lifts resulting in gold and silver recoveries of 70% and 75% respectively.

Gold and silver bearing solutions from the permanent pad will be collected and processed in a conventional Merrill Crowe plant to recover the gold and silver.

Precipitate from the Merrill Crowe plant will be smelted on-site into Dore and shipped off site for final refining. The barren solution will be recharged with cyanide and returned to the gold and silver permanent leach pads.

The site is scheduled to operate two 12 hour shifts per day for 365 days per year.

A flowsheet for the mineral processing is shown below in Figure 3.

Figure 2: Overall Site Layout

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/752/91171_chesafigure2.jpg

Figure 3: Process Flowsheet

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/752/91171_bdc26a5944d5e8b9_006full.jpg

Selected operating and production statistics from the PEA are presented in Table 2.

Table 2: Estimated PEA Operating and Production Parameters

Initial Capital Costs Summary

The initial capital costs, including contingency are estimated at $359 million. A significant reduction from the 2016 PFS and reflects the smaller starter mine and compact site supported by nearby infrastructure including close proximity to the national grid and water source.

A summary of estimated initial capital costs is presented in Table 3.

Table 3: Summary of PEA Initial Capital Costs

Operating Costs Summary

Cash costs and AISC per payable gold ounce are non-GAAP financial measures. Please see "Cautionary Note Regarding Non-GAAP Measures" on page 11 of this press release.

Average LOM operating costs (including mining, processing, and G&A – net of capital development, royalties and refining) total $686 per payable ounce of gold sold. The AISC, which includes sustaining capital, capitalized exploration and reclamation, total $748 per payable ounce of gold sold.

Total estimated operating costs in the PEA are presented in Table 4.

Table 4: Summary of PEA Operating Costs

Financial Analysis

The financial analysis presented in Table 5 with the key financial assumptions.

Table 5: Key PEA Financial Values

Notes:

1. The Company expects to debt finance a significant portion of development costs. The levered economics assume initial capital is 60% debt financed at an annual interest rate of 7%, an upfront financing fee of 3%, and a seven-year term post commencement of commercial production with a balloon payment of 30% of the principal at maturity.

Sensitivity Analysis

The Metates heap-leach PEA demonstrates strong economic performance across a range of gold and silver prices. Estimated NPV sensitivities for key operating and economic metrics are presented in Tables 7 through 9, as well as Figure 4.

Table 7: C$MM Pre-Tax NPV_(5%) Sensitivity Analysis: Gold and Silver Prices

Table 8: US$MM Pre-Tax NPV_(5%) Sensitivity Analysis: Gold and Silver Prices

Table 9: Pre-Tax IRR Sensitivity Analysis: Gold and Silver Prices

Figure 4: Sensitivity Analysis: Metal Prices, Initial Capital Costs & Operating Costs

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/752/91171_chesafigure4.jpg

Next Steps and Opportunities

The Company recently drilled approximately 2,300 metres of large diameter (PQ) core providing 10 tonnes of material for metallurgical testwork that will focus on the new heap leach processing route. The first phase of the metallurgical test program will include 40 test columns to analyze the impacts of crush size, reagent strengths and ore types to determine the optimum oxidation and precious metal leaching parameters.

The PEA has identified additional opportunities that could further reduce the risk profile and advance the sulphide heap leach project at Metates to the PFS and permitting stage.

Initiatives that may enhance the Project include:

• Recent drill results (including 432 metres of 1.80 g/t gold-silver equivalent @ 75:1 ratio) suggest potential for an even higher-grade core within the Metates intrusive. Chesapeake is evaluating further infill drilling to be incorporated in a PFS.

• Further optimization of the initial production rates and phased development transition. Current mine design will facilitate a near term expansion to 30,000 tpd.

• Further evaluate the layout, location and staged permanent leach pad closer to the oxidation pad.

• Further evaluate the overall site earthworks, especially the oxidation pad area.

• Complete the metallurgical testwork program to define process variables and metal recoveries.

• Further study of water utilization and conservation to enhance the site wide water balance model.

• Continued engagement with stakeholders to secure long term mutual benefits relating to land tenure, water rights and employment.

• Expand environmental baseline monitoring to support an Environmental Impact Study and future permitting activities.

All the above opportunities are planned to be incorporated along with results from preliminary column testwork into a prefeasibility study expected to be completed in 2022.

Qualified Persons

A NI 43-101 Technical Report is being prepared by M3 to be filed on SEDAR within 45 days following the date of this release. The Report will consist of a summary of the Phase 1 PEA. Dr. Art Ibrado, P.E. Project Manager with M3 is the independent qualified person responsible for the scientific and technical information in this news release in accordance with NI 43-101. Mr. Michael Hester, FAusIMM, Vice President of IMC, is the independent qualified person responsible for the reserve estimate and mine planning in this news release in accordance with NI 43-101. Mr. Gary Parkison, CPG, Vice President Development of Chesapeake, is the qualified person who supervised the preparation of the technical information in this release. All of the above qualified persons have reviewed and approved the contents of this release.

Technical Report

A NI 43-101 technical report prepared by M3 Engineering & Technology will be filed on SEDAR within 45 days of this news release and will be available at that time on the Chesapeake Gold website.

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with over 20 million ounces of gold and over 550 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at invest@chesapeakegold.com or +1-604-731-1094.

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

Cautionary Note Regarding Non-GAAP Measures:

This press release includes certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including cash costs and AISC per payable ounce of gold and silver sold and forecasted metal prices. Non-GAAP measures do not have any standardized meaning prescribed under IFRS and, therefore, they may not be comparable to similar measures employed by other companies. We believe that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate our future performance. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Forward-looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the economic and project parameters presented in the PEA, including IRR, AISC, NPV, and other costs and economic information, the strategic plans, timing and expectations for the Company's exploration and drilling programs at the Metates Property, including metallurgical testing, mineralization estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a pre-feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Metates Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability and costs of mining equipment and skilled labour; timing and amount of expenditures related to drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91171

Vancouver, British Columbia–(Newsfile Corp. – July 26, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) ("Southern Silver" and the "Company") reports it has received approvals, pending posting of bonds, from the New Mexico Mining and Minerals Division, the New Mexico State Land Office, and the Bureau of Land Management for a six-hole diamond drilling program to test several copper porphyry and skarn targets at its wholly owned Oro property, located in southwestern New Mexico, USA. Posting of the required bonds is underway and should be completed shortly. The property consists of patented land, State leases and BLM mineral claims totalling 22.3 sq. km., upon which several historic mines are located. The property covers a large, zoned Laramide-age mineralizing system containing a number of highly prospective, district-scale, copper-molybdenum and distal sediment-hosted, oxide-gold targets.

Targeting was based upon 3D modelling of data generated by geologic mapping, historic drill holes, geochemical zoning studies, alteration clay studies, and geophysical surveys. A 6-hole (4,000-metre) diamond drill program is planned to test several of the copper-molybdenum porphyry and copper-gold skarn targets within a broad quartz-sericite-pyrite alteration zone, interpreted as a lithocap overlying an unexposed porphyry centre. Drilling is expected to commence in Q3 2021.

Interpretive Cross Section with Targets

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5344/91087_51cbf53b24e0c93d_002full.jpg.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious and base metal exploration and development company with a focus on the discovery of world-class mineral deposits in north-central Mexico and in the Southern USA. Our specific emphasis is the Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The property portfolio also includes the 100% owned Oro porphyry copper-gold project located in southern New Mexico, USA. The Oro claim package covers a large zoned Laramide-age mineralizing system containing a number of highly prospective, drill -ready porphyry/skarn and distal gold targets. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions.

Robert Macdonald, MSc. P.Geo, is the VP Exploration of Southern Silver Exploration Corporation, is a Qualified Person as defined by National Instrument 43-101 and is responsible for the supervision of the Company's exploration programs and for the preparation of the technical information in this disclosure.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, Q.C.

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.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.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91087.

Gold has long been regarded as a safe haven in times of market turmoil. Gold stocks, as represented by the VanEck Vectors Gold Miners ETF (GDX), have dramatically underperformed the broader market over the past year as the U.S. and other economies have begun to recover amid the global pandemic.

TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce that it has closed the previously announced Definitive Agreement with Romios Gold Resources Inc. (“Romios Gold”) to acquire 80% interest and control over an additional 1,870 hectares (4,620 acres) in 87 mining claims covering historic silver properties in the Thunder Bay Silver District.

The new claims comprise substantial portions of the historic Victoria Mine and Federal Mine silver properties, plus the Lily of the Valley, Caribou and Cloud Bay prospects and solidifies Honey Badger Silver’s dominant position in this historic high-grade silver camp.

In consideration for the additional claims, Honey Badger Silver has issued 1,103,506 common shares to Romios Gold valued at $150,000. As well, Honey Badger Silver shall be granted a right of first refusal by Romios Gold on the 20% remaining interest. For further details, please refer to the Company’s press release dated June 10, 2021 on its website at www.honeybadgersilver.com.

Extension of Flow-Through Private Placement

The Company also announces that further to the closing of the first tranche of its non-brokered flow-through private placement (the “FT Offering”) announced on July 8, 2021, it has been granted an extension by the TSX Venture Exchange during which it plans to close the second and final tranche of the FT Offering at a price of $0.15 per FT share, for aggregate proceeds of $1.5 million. The gross proceeds from the Offering will be used to fund the Company’s exploration programs on the aforenoted Thunder Bay District of northern Ontario as well as the Plata and its other Yukon silver properties which qualify as flow-through shares for purposes of the Income Tax Act (Canada). The FT Offering is now expected to close on or before August 23, 2021. The Company plans to pay finder's fees of up to 7% in cash and 7% in finder's warrants in connection with the FT Offering. Further information is available by contacting Ms. Anne Mitchell of Grove Corporate Services Ltd. at anne@grovecorp.ca Tel: (416) 642-1807, ext 309.

For more information, please visit our website above, or contact: Ms. Christina Slater at cslater@honeybadgersilver.com.

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

About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company. The Company’s common shares trade on the TSX Venture Exchange under the symbol “TUF”.

Cautionary Note Regarding Forward-Looking Information

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required.

VANCOUVER, BC, July 26, 2021 /PRNewswire/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce commencement of field programs focused on detailed geotechnical site confirmation studies on the Project and regional exploration drilling at the 100% owned, Rook I property (the "Property"), in the Athabasca Basin, Saskatchewan.

Focus of the 2021 Regional Exploration Drilling Program:

• The Rook I property is host to numerous electromagnetic ("EM") conductors and structural corridors which have yet to be explored as the focus has been on the development of the Arrow Deposit over the last several years.

• Target high priority areas within a 10 km radius of Arrow including along the Patterson Lake Corridor which hosts the Arrow Deposit. Together with priority targets along the Derkson Corridor which is directly parallel and to the east of the Patterson Corridor that hosts the Arrow Deposit.

All target areas exhibit similar geophysical characteristics to Arrow, including strong conductive signatures with numerous off-sets coincident with discrete gravity lows and steep magnetic gradients. Structural interpretations across the property suggests several EM conductors lie along significant rheological/lithological contrasts which have been interpreted to possess structural conditions favourable for localizing uranium mineralization. Additionally, analysis of previous drilling has also revealed several target areas contain prospective alteration and geochemical signatures indicative of uranium bearing systems.

Leigh Curyer, Chief Executive Officer, commented: "Recommencement of field activities incorporating regional exploration whilst simultaneously advancing the Rook I Project through final engineering and permitting is an exciting time for NexGen. The NexGen group has a tremendous track record of discovery and the geological team has been looking forward to recommencing exploration drilling on what they consider to be the most prospective land package globally. Further, the detailed field work this summer is a foundation to future surface and underground infrastructure at the Rook I Project . "

Troy Boisjoli, Vice-President, Exploration & Community, commented: "We are very excited about the 2021 exploration program. Over the past number of years, exploration and drilling activities have been focussed on optimally developing the strategic Arrow Deposit and this 2021 program is focusing on making new discoveries by evaluating highly prospective exploration targets on the Rook I property. The Derkson Corridor is significantly under-explored. The 2021 exploration program is the culmination of a rigorous process in defining highly prospective drill targets. The NexGen geological team is excited to recommence drilling".

Exploration Focus:

Arrow 2.0 – The Arrow Deposit is open and remains highly prospective at depth; integration of geophysics (Magnetic and 3D-ZTEM data) and structural interpretation indicate Arrow is hosted on the limb of a large-scale fold that extends to great depth, which suggests the conditions favourable for localizing uranium mineralization also continue to depth. Furthermore, drilling at Arrow shows uranium mineralization, brittle structures, and hydrothermal alteration continue below Arrow. Arrow 2.0 target is designed to be a significant step down-dip from Arrow at depth to test for the replication of high-grade mineralization.

Camp East – Lies along a recently defined north-northeast mineralized trend that includes the Arrow and South Arrow Deposits. Camp East was initially targeted and drilled in 2016 and returned highly prospective alteration, structural disruption, and anomalous geochemistry; intersections of anomalous Boron – a primary pathfinder element – have higher concentrations than the Arrow Deposit. Targeting at Camp East is focused highly prospective geophysical areas where bends and off-sets in the conductor have been interpreted as having increased potential to localize uranium mineralization within the north-northeast mineralized trend from Camp East through South Arrow and Arrow.

Derkson Corridor – Exploration will focus on two target areas on the Derkson Corridor; a parallel conductor to the southeast of the Patterson Lake Corridor ("PLC") that hosts the Arrow Deposit and several other zones of high-grade mineralization along trend.

The first target area lies on a series of northeast-southwest trending conductors at the edge of a prominent magnetic domain that represents favourable structural conditions for brittle reactivation and focusing mineralizing fluids. The target area is along strike to the southwest of historic drill hole DER-04 that intersected 2.5 m of 0.24% U₃O₈; an indication of a uranium fertile trend. Previous drilling to the southwest of the first target area has revealed anomalous boron intersections of up to 424 ppm in drill hole RK-15-070. Drilling will target northeast of the boron anomaly at jogs in the conductor that have potential to localize hydrothermal fluids and uranium mineralization.

The second Derkson target lies along a similar northeast-southwest trending conductor to the PLC. Drilling in this area will target zones of structural dilation along the conductor that are interpreted to represent favourable locations for localizing uranium mineralization. A prominent jog on the conductor where the conductive signal weakens along strike of anomalous geochemistry has been prioritized for early program drilling.

2021 Site Investigation:

In addition to the exploration program, field work will be completed in support of Front End Engineering Design ("FEED") on the Rook I Project through advancement of further site investigations, both underground and surface. Surface investigations will include the completion of test pits and sonic boreholes in locations of planned surface infrastructure. The execution and analysis of these site investigation programs will build upon significant studies that have been incorporated in the recently released Feasibility Study ("FS") (see News Release dated February 22, 2021). Also, diamond drilling will focus on geological, geotechnical, and hydrogeological characterization of the rock mass proximal to the underground Life of Mine ("LOM") infrastructure in support of FEED. The drilling will further validate the current design and support the final design of the Underground Tailings Management Facility ("UGTMF").

About NexGen

NexGen is a British Columbia corporation with a focus on developing the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada into production. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U3O8 contained in 2.18 M tonnes grading 4.35% U3O8, Indicated Mineral Resources of 47.1 M lbs of U3O8 contained in 1.57 M tonnes grading 1.36% U3O8, and Inferred Mineral Resources of 80.7 M lbs of U3O8 contained in 4.40 M tonnes grading 0.83% U3O8. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines elite environmental performance as well as industry leading economics.

NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental and Social Responsibility Award.

Technical Disclosure

All technical information in this news release has been reviewed and approved by Anthony (Tony) George, P.Eng, NexGen's Chief Project Officer, and Troy Boisjoli, Geoscientist Licensee, Vice President, Exploration & Community for NexGen. Both are a qualified person under National Instrument 43-101

A technical report in respect of the FS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations 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 mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. 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. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse 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 in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 11, 2020 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov.

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 statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nexgen-announces-commencement-of-2021-field-and-regional-exploration-drilling-programs-at-the–rook-i-property-301340806.html

SOURCE NexGen Energy Ltd.

In this article, we discuss the 15 best value stocks to invest in. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Value Stocks to Invest In.

Fears of inflation have hit the stock market in the past few weeks as the demand for goods and services rises and results in shortages, leading to pricing wars across the globe. In addition to the increased demand, the reopening of the economy after the year-long coronavirus lockdowns has also impacted the smooth movement of materials from one place to another, leading to supply chain problems and further aggravating the pricing situation. As a result, investors are turning to value stocks to diversify their growth-focused portfolios.

Between 1930 and 2010, value stocks outperformed growth stocks by an annual margin of 4-5 percentage points. That's why there is a large cohort of value investors, including Warren Buffett, who are devoted to this investment strategy. Things changed dramatically over the last 10 years, growth stocks outperforming value stocks by more than 100 percentage points cumulatively. Russell 2000 Growth ETF also returned 105% over the last 5 years, beating the Russell 2000 Value ETF by 49 percentage points. Since February of this year though Russell 2000 Value ETF outperformed the Russell 2000 Growth ETF by 15 percentage points. Value investors are hopeful that this may be the beginning of another chapter where mean reversion leads to value outperforming growth stocks for several years. That's why we decided to take a look at the best value stocks to invest in right now.

Some of the popular value stocks on the market in the United States include Apple Inc. (NASDAQ: AAPL), Bank of America Corporation (NYSE: BAC), Berkshire Hathaway Inc. (NYSE: BRK-A), and General Motors Company (NYSE: GM), among others. These firms have historically delivered solid earnings and remained relatively immune from economic recessions over the past few years, mostly because of the competitive edge of their products and services over peers in the open marketplace.

Value investing seems to be gaining traction as growth stocks undergo a period of turmoil. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and May 29th 2021 our monthly newsletter’s stock picks returned 206.8%, vs. 91.0% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

BsWei/Shutterstock.com

With this context in mind, here is our list of the 15 best value stocks to invest in. These were ranked keeping in mind the size of the company, the price to earnings ratio, hedge fund sentiment, analyst ratings, and basic business fundamentals.

Best Value Stocks to Invest In

15. Barrick Gold Corporation (NYSE: GOLD)

Number of Hedge Fund Holders: 49 PE Ratio: 14.90

Barrick Gold Corporation (NYSE: GOLD) is a Canadian mining firm with interests in copper and gold, among other metals. It is placed fifteenth on our list of 15 best value stocks to invest in. The company’s shares have returned 0.44% to investors over the past week. On July 15, the firm announced that it was on track to meet production targets for the full-year, reporting that it had produced 1.04 million oz of gold in the second quarter. The firm has a market cap of over $36 billion and posted $12.6 billion in revenue last year.

On July 16, investment advisory National Bank maintained an Outperform rating on Barrick Gold Corporation (NYSE: GOLD) stock but lowered the price target from C$39 to C$38. Mike Parkin, an analyst at the firm, issued the ratings update.

Out of the hedge funds being tracked by Insider Monkey, investment firm First Eagle Investment Management is a leading shareholder in Barrick Gold Corporation (NYSE: GOLD) with 27 million shares worth more than $534 million.

Just like Apple Inc. (NASDAQ: AAPL), Bank of America Corporation (NYSE: BAC), Berkshire Hathaway Inc. (NYSE: BRK-A), and General Motors Company (NYSE: GM), Barrick Gold Corporation (NYSE: GOLD) is one of the best value stocks to invest in.

In its Q4 2020 investor letter, GoodHaven Capital Management, an asset management firm, highlighted a few stocks and Barrick Gold Corporation (NYSE: GOLD) was one of them. Here is what the fund said:

14. ING Groep N.V. (NYSE: ING)

Number of Hedge Fund Holders: 10 PE Ratio: 14.50

ING Groep N.V. (NYSE: ING) stock has returned 67% to investors over the past twelve months. It is ranked fourteenth on our list of 15 best value stocks to invest in. The firm is based in the Netherlands and markets banking services. In earnings results for the first quarter, posted on May 6, the firm reported a net income of €1.01 billion, compared to. €670 million over the same period last year. The total income for the first quarter was $4.7 billion, up more than 4% year-on-year and beating market estimates by $260 million.

On July 9, investment advisory UBS maintained a Buy rating on ING Groep N.V. (NYSE: ING) stock and raised the price target to EUR 12 from EUR 11.70. Johan Ekblom, an analyst at the advisory, issued the ratings update.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in ING Groep N.V. (NYSE: ING) with 41.7 million shares worth more than $510 million.

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and ING Groep N.V. (NYSE: ING) was one of them. Here is what the fund said:

13. ArcelorMittal (NYSE: MT)

Number of Hedge Fund Holders: 21 PE Ratio: 14.20

ArcelorMittal (NYSE: MT) is placed thirteenth on our list of 15 best value stocks to invest in. The company’s shares have returned 179% to investors over the past year. The company operates in the steel and mining business and is based in Luxembourg. On July 13, the firm announced that it had signed an understanding with the government in Spain to build the first zero carbon steel plant in the world. The firm revealed that the total cost of setting up the facility would lie around $1.2 billion.

On July 14, investment advisory Barclays initiated coverage of ArcelorMittal (NYSE: MT) stock with an Overweight rating and a price target of EUR 36, highlighting a positive outlook for European steel makers in the coming twelve months.

At the end of the first quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $709 million in ArcelorMittal (NYSE: MT), up from 18 in the preceding quarter worth $511 million.

Alongside Apple Inc. (NASDAQ: AAPL), Bank of America Corporation (NYSE: BAC), Berkshire Hathaway Inc. (NYSE: BRK-A), and General Motors Company (NYSE: GM), ArcelorMittal (NYSE: MT) is one of the best value stocks to invest in.

12. Ford Motor Company (NYSE: F)

Number of Hedge Fund Holders: 49 PE Ratio: 13.9

Ford Motor Company (NYSE: F) stock has offered investors returns exceeding 99% over the course of the past year. It is ranked twelfth on our list of 15 best value stocks to invest in. The firm makes and sells automotives and is based in Michigan. Some of the products it markets include trucks, cars, sport utility vehicles, electric vehicles, and luxury vehicles, among others. On July 13, the firm announced that it would be partnering with ride hailing firm Lyft and Argo AI for an autonomous vehicle fleet that is set to hit the streets with human backup drivers the next year before going fully autonomous in the months after the launch..

On July 16, investment advisory Bank of America maintained a Buy rating on Ford Motor Company (NYSE: F) stock and raised the price target to $18 from $17, underlining that the firm was expected to beat market estimates for earnings in the second quarter.

At the end of the first quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $2.1 billion in Ford Motor Company (NYSE: F), up from 41 in the preceding quarter worth $1.6 billion.

In its Q1 2020 investor letter, Greenlight Capital Fund, an asset management firm, highlighted a few stocks and Ford Motor Company (NYSE: F) was one of them. Here is what the fund said:

11. Franklin Resources, Inc. (NYSE: BEN)

Number of Hedge Fund Holders: 31 PE Ratio: 13.63

Franklin Resources, Inc. (NYSE: BEN) is a California-based asset management holding company. It is placed eleventh on our list of 15 best value stocks to invest in. The company’s shares have offered investors returns exceeding 39% over the course of the past twelve months. In earnings results for the second quarter, posted on May 4, the firm reported earnings per share of $0.79, beating market estimates by $0.04. The revenue over the period was more than $2 billion, up over 58% year-on-year.

On May 5, investment advisory Deutsche Bank maintained a Hold rating on Franklin Resources, Inc. (NYSE: BEN) stock but raised the price target to $33 from $29. The ratings update was issued following encouraging earnings results for the first quarter.

At the end of the first quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $198 million in Franklin Resources, Inc. (NYSE: BEN), down from 33 in the previous quarter worth $268 million.

In addition to Apple Inc. (NASDAQ: AAPL), Bank of America Corporation (NYSE: BAC), Berkshire Hathaway Inc. (NYSE: BRK-A), and General Motors Company (NYSE: GM), Franklin Resources, Inc. (NYSE: BEN) is one of the best value stocks to invest in.

10. State Street Corporation (NYSE: STT)

Number of Hedge Fund Holders: 32 PE Ratio: 13.60

State Street Corporation (NYSE: STT) is ranked tenth on our list of 15 best value stocks to invest in. The stock has returned 35% to investors over the past year. The company markets financial services and is based in Boston. In earnings results for the second quarter, posted on July 16, the firm reported earnings per share of $1.97, beating market estimates by $0.17. The revenue over the period was over $3 billion, up more than 3% year-on-year and beating market predictions by $80 million.

On July 19, investment advisory Deutsche Bank maintained a Buy rating on State Street Corporation (NYSE: STT) stock and raised the price target to $105 from $104. The ratings update was issued following strong quarterly results posted by the firm.

At the end of the first quarter of 2021, 32 hedge funds in the database of Insider Monkey held stakes worth $866 million in State Street Corporation (NYSE: STT), up from 31 in the previous quarter worth $502 million.

9. Chubb Limited (NYSE: CB)

Number of Hedge Fund Holders: 41 PE Ratio: 13.55

Chubb Limited (NYSE: CB) is an insurance company based in Switzerland. It is placed ninth on our list of 15 best value stocks to invest in. The company’s shares have returned 26% to investors over the past twelve months. On April 27, the firm posted earnings for the first quarter, reporting earnings per share of $2.52, beating market predictions by $0.03. The net premium over the period was more than $8.2 billion, up 5.5% compared to the net premium over the same period last year and beating market estimates by $490 million.

On July 12, investment advisory Deutsche Bank reiterated a Buy rating on Chubb Limited (NYSE: CB) stock, raising the price target to $170 from $142, underlining confidence in the company ahead of the release of quarterly earnings results.

At the end of the first quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in Chubb Limited (NYSE: CB), up from 34 the preceding quarter worth $1.1 billion.

Apple Inc. (NASDAQ: AAPL), Bank of America Corporation (NYSE: BAC), Berkshire Hathaway Inc. (NYSE: BRK-A), and General Motors Company (NYSE: GM) are some of the best value stocks to invest in, just like Chubb Limited (NYSE: CB).

In its Q4 2020 investor letter, Davis Funds, an asset management firm, highlighted a few stocks and Chubb Limited (NYSE: CB) was one of them. Here is what the fund said:

8. Cleveland-Cliffs Inc. (NYSE: CLF)

Number of Hedge Fund Holders: 36 PE Ratio: 12.20

Cleveland-Cliffs Inc. (NYSE: CLF) stock has returned 266% to investors over the past year. It is ranked eighth on our list of 15 best value stocks to invest in. The company markets steel products and is based in Ohio. On July 22, the firm posted earnings for the second quarter, reporting earnings per share of $1.46, missing market estimates by $0.05. The revenue over the period was close to $5 billion, up more than 250% compared to the revenue over the same period last year and beating estimates by $50 million.

On July 8, investment advisory Argus initiated coverage of Cleveland-Cliffs Inc. (NYSE: CLF) stock with a Buy rating and a price target of $26, noting that the firm looked set for steep growth on the back of two big purchases and long-term catalysts.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Cleveland-Cliffs Inc. (NYSE: CLF) with 13 million shares worth more than $262 million.

7. Huntington Bancshares Incorporated (NASDAQ: HBAN)

Number of Hedge Fund Holders: 27 PE Ratio: 12.10

Huntington Bancshares Incorporated (NASDAQ: HBAN) is placed seventh on our list of 15 best value stocks to invest in. The company’s shares have offered investors returns exceeding 49% over the course of the past year. The firm operates as a bank holding company. It is based in Ohio. On July 19, the firm announced that it would start offering a new service, named Early Pay, to customers that will be able to access paychecks and other benefits up to two days early at no additional cost.

On June 23, investment advisory Raymond James upgraded Huntington Bancshares Incorporated (NASDAQ: HBAN) stock to Strong Buy from Outperform with a price target of $18, stressing that the recent pullback in the share price was a buying opportunity.

At the end of the first quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $154 million in Huntington Bancshares Incorporated (NASDAQ: HBAN), down from 29 in the preceding quarter worth $886 million.

Apple Inc. (NASDAQ: AAPL), Bank of America Corporation (NYSE: BAC), Berkshire Hathaway Inc. (NYSE: BRK-A), and General Motors Company (NYSE: GM) are some of the best value stocks to invest in, alongside Huntington Bancshares Incorporated (NASDAQ: HBAN).

6. Barclays PLC (NYSE: BCS)

Number of Hedge Fund Holders: 10 PE Ratio: 11.37

Barclays PLC (NYSE: BCS) stock has offered investors returns exceeding 63% over the course of the past twelve months. It is ranked sixth on our list of 15 best value stocks to invest in. The firm is a financial services company based in the United Kingdom. The firm has a market cap of over $39 billion and posted more than $23 billion in revenue last year. It was founded in 1690 and is one of the oldest baking firms in the UK, offering services such as retail banking, credit cards, wholesale banking, investment banking, wealth management, among others.

On July 7, investment advisory UBS raised the price target on Barclays PLC (NYSE: BCS) stock to 210 GBP from 200 GBP, maintaining a Buy rating on the shares. Jason Napier, an analyst at the firm, issued the ratings update.

At the end of the first quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $797 million in Barclays PLC (NYSE: BCS), down from 12 the preceding quarter worth $629 million.

Click to continue reading and see 5 Best Value Stocks to Invest In.

Suggested Articles:

• 10 Best Large Cap Dividend Stocks to Buy According to Hedge Funds

• 10 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To

• 10 Best Dividend Stocks to Buy According to Irving Kahn’s Hedge Fund

Disclose. None. 15 Best Value Stocks to Invest In is originally published on Insider Monkey.

TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX:DPM) (“DPM” or the “Company”) is pleased to announce the successful completion of its previously announced acquisition of INV Metals Inc. (“INV Metals”) pursuant to a court-approved plan of arrangement (the “Arrangement”). Pursuant to the Arrangement, each former INV Metals shareholder is entitled to receive 0.0910 of a DPM common share for each INV Metals common share held.

DPM has acquired all of the outstanding common shares of INV Metals which it did not already own. Following the completion of the acquisition, DPM has 192,691,628 common shares issued and outstanding, of which approximately 5.5% are owned by former INV shareholders.

“Loma Larga is a high-quality development project with the potential to add meaningful production growth to our portfolio and generate significant value for our stakeholders. The project is well-aligned with our proven strengths as an environmentally and socially responsible mining company, and we look forward to engaging with all national and local stakeholders,” said David Rae, DPM’s President and Chief Executive Officer.

“Our approach to developing the Loma Larga project will reflect our firm commitment to the highest standards for engagement with local communities and environmental stewardship, and will leverage our technical depth, financial strength and our strong track record of delivering innovative solutions to unlock Loma Larga’s significant potential for the benefit of all stakeholders.”

Adding a High-Quality Development Project

The Loma Larga gold project (“Loma Larga” or “the Project”) is well-aligned with DPM’s core strengths and unique capabilities to unlock value. The Project has similar geology and is expected to have a similar mining method and processing flowsheet to the Chelopech mine, which DPM has developed into a modern and efficient underground mine. DPM intends to further engage with all stakeholders, as it did prior to the development of its Ada Tepe mine, which is now a highly successful DPM operation that enjoys strong support from both local communities and the national government in Bulgaria.

Loma Larga adds approximately 2.6 million gold equivalent ounces (“Au oz. eq.”) of high-grade mineral reserves for an initial 12-year mine life and has the potential to produce an annual average of approximately 200,000 Au oz. in the first five years. Life of mine production is estimated to be approximately 170,000 Au oz. per year at an attractive all-in sustaining cost, net of by-products, of approximately US$630/oz., which continues to support DPM’s peer-leading cost profile.¹

DPM intends to explore further optimization studies at Loma Larga while continuing to advance the permitting process and will be taking a disciplined approach to project development, including minimizing up front spend during the permitting process while engaging with local communities in line with international best practices, and working to secure an investor protection agreement with the Ecuadorian government prior to making any significant capital commitments.

Delisting of INV Metals Common Shares

DPM intends to cause INV Metals to delist its common shares from the Toronto Stock Exchange (the “TSX”), to submit an application for it to cease to be a reporting issuer, and to otherwise terminate its public company reporting requirements as soon as possible thereafter. The common shares of DPM issued under the Arrangement are expected to be listed and posted for trading on the TSX on or about July 27, 2021.

_________________________________
¹ For more information refer to the technical report “NI 43-101 Feasibility Study Technical Report, Loma Larga Project, Azuay Province, Ecuador” dated April 8, 2020, available at www.sedar.com.

About Dundee Precious Metals Inc.

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Serbia and Ecuador. The Company’s purpose is to unlock resources and generate value to thrive and growth together. This overall purpose is supported by a foundation of core values, which guides how the Company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).

For further information please contact:

David Rae
President and Chief Executive Officer
Tel: (416) 365-5092
drae@dundeeprecious.com

Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177
jcameron@dundeeprecious.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the risk factor disclosure contained in the filings made by DPM with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.

In respect of forward-looking statements and information, DPM has provided such statements and information in reliance on certain assumptions that it believes are reasonable at this time. Although DPM believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, it can give no assurance that these expectations will prove to have been correct.

Readers are cautioned not to place undue reliance on forward-looking statements and forward-looking information, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, DPM disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Additional Information

Additional information about DPM can be found under its corporate profile on SEDAR at www.sedar.com, or on its website at www.dundeeprecious.com or by contacting the contacts above.

(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.

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.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

(Reuters) -Canadian union Unifor said on Sunday about 900 workers had started strike action at global miner Rio Tinto's operations in the western Canadian province of British Columbia.

Unifor issued a 72-hour strike notice on Wednesday after nearly seven weeks of unproductive talks over proposed changes to workers' retirement benefits and unresolved grievances.

In an emailed statement to Reuters, a spokesperson for the miner said that the union refused the company’s proposal to request the intervention of a mediator.

"Rio Tinto has made every effort to reach a mutually beneficial agreement through negotiating with Unifor over the past seven weeks, and will continue to do so," the company said in the statement.

The union represents about 900 workers at the miner's aluminium smelting plant in Kitimat and power generating facility in Kemano.

"Rio Tinto was given every opportunity to reach a fair deal but showed complete disregard for our issues," the union said in a statement.

Unifor said it was committed to resolving the labour dispute amicably and urged the company's management to reach a fair settlement.

The company said that required staff and employees are now taking on operational duties to ensure the smelter and powerhouse continue to function safely. Rio had earlier sought an order from the province's labour relations board declaring power plant workers essential, according to a union bulletin.

(Reporting by Rithika Krishna in Bengaluru and Jeff Lewis in Toronto; Additional reporting by Radhika Anilkumar and Vishal Vivek in BengaluruEditing by Mark Potter and Grant McCool)

(Adds statement from Rio Tinto)

July 25 (Reuters) – Canadian union Unifor said on Sunday about 900 workers had started strike action at global miner Rio Tinto's operations in the western Canadian province of British Columbia.

Unifor issued a 72-hour strike notice on Wednesday after nearly seven weeks of unproductive talks over proposed changes to workers' retirement benefits and unresolved grievances.

In an emailed statement to Reuters, a spokesperson for the miner said that the union refused the company’s proposal to request the intervention of a mediator.

"Rio Tinto has made every effort to reach a mutually beneficial agreement through negotiating with Unifor over the past seven weeks, and will continue to do so," the company said in the statement.

The union represents about 900 workers at the miner's aluminium smelting plant in Kitimat and power generating facility in Kemano.

"Rio Tinto was given every opportunity to reach a fair deal but showed complete disregard for our issues," the union said in a statement.

Unifor said it was committed to resolving the labour dispute amicably and urged the company's management to reach a fair settlement.

The company said that required staff and employees are now taking on operational duties to ensure the smelter and powerhouse continue to function safely.

Rio had earlier sought an order from the province's labour relations board declaring power plant workers essential, according to a union bulletin. (Reporting by Rithika Krishna in Bengaluru and Jeff Lewis in Toronto; Additional reporting by Radhika Anilkumar and Vishal Vivek in Bengaluru Editing by Mark Potter and Grant McCool)

NEW YORK, July 25, 2021 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/pll-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-piedmont-lithium-inc-301340657.html

SOURCE Bernstein Liebhard LLP

NEW YORK, NY / ACCESSWIRE / July 25, 2021 / WHY: 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)(NASDAQ: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. If you wish to serve as lead plaintiff, you must move the Court no later than September 21, 2021.

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

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

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

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

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

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

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

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

Contact Information:

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

SOURCE: The Rosen Law Firm, P.A.

View source version on accesswire.com:
https://www.accesswire.com/656946/BREAKING-ALERT-ROSEN-TOP-RANKED-AND-FIRST-FILING-INVESTOR-COUNSEL-Encourages-Piedmont-Lithium-Inc-fka-Piedmont-Lithium-Limited-Investors-with-LARGE-LOSSES-to-Secure-Counsel-Before-Important-Deadline-in-Class-Action–PLL-PLLL

UK dividends staged a dramatic recovery in the second quarter of the year, jumping 51.2% on a headline basis to £25.7bn ($35.3bn), new data has shown.

According to the latest UK dividend monitor from Link Group (LNK.AX), dividends beat initial forecasts, with payouts excluding special dividends at £24.3bn, up 43.8%. However, this was still one sixth lower than their pre-crisis average, highlighting the long road to full recovery.

The main driver was companies restarting dividends; around 90% of the year-on-year increase came from firms that had cancelled dividends in Q2 2020 due to the outbreak of COVID-19.

The bounce-back was fastest among mid-cap firms, reflecting the greater decline they suffered last year.

Almost every sector saw payouts rise year-on-year, however, the report showed that the three biggest dividend-paying sectors were mining, banking and oil.

Of the £8.7bn recovery in UK plc Q2 dividends year-on-year, the first two of these industries accounted for over two thirds of the increase, but the oil sector acted as a brake on the recovery.

Mining dividends made up a quarter of the second quarter total at £6.3bn, boosted by Rio Tinto (RIO). In the banking sector, HSBC (HSBA.L) was the biggest contributor, despite being under Prudential Regulation Authority (PRA) constraints during the period after a ban altogether in 2020.

The PRA is the organisation within the Bank of England (BoE) responsible for oversight of the sector.

Read more: Banks forced to axe dividends and may cut bonuses over COVID-19 crisis

Elsewhere, BAE Systems (BA.L) was also among a significant number of companies which returned to their usual schedule of paying a second-quarter dividend, having paid late in 2020.

Link Group said the biggest contribution to the upside surprise came from industrials, financials and basic materials, accounting for almost a third each.

It now expects headline dividend growth of 24.4% to a new total of £79.5bn this year, while underlying dividends are set to rise by 13.4% to £71.2bn. This is 3.9 percentage points, or £2.7bn, more than its April forecast.

The Australian-based IT service management firm said “the upside tailwinds will get less favourable from here” but that it expects banking dividends to “rebound now that regulatory limits have been scrapped.”

Read more: FTSE 100 dividends set to fall 20% in 2020

However this will not immediately bounce back to pre-pandemic levels as share buybacks will also feature.

“We have regularly cautioned over the last year that dividend patterns will be very noisy as we move through the recovery phase. This will make for choppy waters in the months ahead, but it does not mean we are pessimistic,” Ian Stokes, managing director, corporate markets UK and Europe, at Link Group said.

“All the indicators of economic growth look very encouraging, and companies have come out of the crisis in most cases with their balance sheets looking strong. Resurgent profits and healthy bank balances mean more dividends for shareholders. These wider trends also help explain why the regulator has lifted the embargo on dividends from capital-rich banks.”

Watch: Dividends and buybacks back on track

By Tejaswi Marthi

(Reuters) -Australia's Lynas Rare Earths Ltd posted record quarterly revenue on Monday on the back of "very strong" demand for its range of specialized metals that offset softer prices, sending its shares to a more than eight-year high.

Lynas, the largest rare earths producer outside China, reported a jump in fourth-quarter revenue to A$185.9 million ($137 million), more than triple A$38 million a year earlier, pushing the stock up 9% to A$7.01, its highest since January 2013.

Demand for rare earth materials such as neodymium and praseodymium (NdPr) has rebounded from a pandemic-driven drop last year as electric vehicles continue to gain popularity amid a global push to reduce carbon emissions.

NdPr is also used in magnets for windfarms, gadgets like smartphones, and military equipment, and Lynas and other western producers stand to benefit from efforts by the United States to curb its reliance on China for the specialized minerals.

"Demand for Lynas products, in particular for our NdPr product family, continued to be very strong through the quarter, leading to record sales and cash collection," Chief Executive Officer Amanda Lacaze said in a statement.

Lacaze said a drop in prices during the quarter was due to a "normal correction after the sharp and speculative increases seen in the previous months" and added that prices had strengthened again in July.

Lynas produced 1,393 tonnes of NdPr in the quarter, up from 775 tonnes a year ago. Its full product range garnered an average selling price of A$39.1/kg, up from A$20.2/kg last year.

Lynas also said it had identified a second potential site in Malaysia to build a low-level radioactive waste disposal facility amid ongoing delays for clearance of an earlier site identified by the Pahang state government.

($1 = 1.3576 Australian dollars)

(Reporting by Tejaswi Marthi and Harish Sridharan, additional reporting by Shashwat Awasthi in Bengaluru; Editing by Sonya Hepinstall and Richard Pullin)

NEW YORK, July 24, 2021–(BUSINESS WIRE)–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.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005514/en/

Contacts

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

Albemarle Corporation's (NYSE:ALB) investors are due to receive a payment of US$0.39 per share on 1st of October. This means the annual payment will be 0.8% of the current stock price, which is lower than the industry average.

See our latest analysis for Albemarle

Albemarle's Payment Has Solid Earnings Coverage

While yield is important, another factor to consider about a company's dividend is whether the current payout levels are feasible. Before making this announcement, Albemarle was earning enough to cover the dividend, but it wasn't generating any free cash flows. In general, we consider cash flow to be more important than earnings, so we would be cautious about relying on the sustainability of this dividend.

Over the next year, EPS is forecast to expand by 11.6%. Assuming the dividend continues along recent trends, we think the payout ratio could be 44% by next year, which is in a pretty sustainable range.

Albemarle Has A Solid Track Record

The company has an extended history of paying stable dividends. Since 2011, the dividend has gone from US$0.56 to US$1.56. This works out to be a compound annual growth rate (CAGR) of approximately 11% a year over that time. We can see that payments have shown some very nice upward momentum without faltering, which provides some reassurance that future payments will also be reliable.

Dividend Growth May Be Hard To Achieve

Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Unfortunately things aren't as good as they seem. Over the past five years, it looks as though Albemarle's EPS has declined at around 4.2% a year. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. Earnings are predicted to grow over the next year, but we would remain cautious until a track record of earnings growth is established.

Our Thoughts On Albemarle's Dividend

Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. With cash flows lacking, it is difficult to see how the company can sustain a dividend payment. We don't think Albemarle is a great stock to add to your portfolio if income is your focus.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For instance, we've picked out 2 warning signs for Albemarle that investors should take into consideration. We have also put together a list of global stocks with a solid dividend.

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.

(Adds statement from environmental group and industry context)

By Ernest Scheyder

July 24 (Reuters) – A U.S. federal judge has ruled that Lithium Americas Corp may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife.

The ruling marked a rare win for a U.S. critical minerals project as environmental groups increasingly pressure courts and regulators to block mining projects, even if they produce metals key to building electric vehicles.

Chief Judge Miranda Du of the federal court in Reno, Nevada, said late on Friday that the digging – needed to determine whether the land holds historical import for Native Americans – may proceed while she determines the broader question of whether former President Donald Trump's administration erred when it approved the project in January. Du said she will try to publish her decision by early 2022.

Vancouver, Canada-based Lithium Americas had agreed not to dig before July 29 while Du deliberated. It was not immediately clear if the company now intends to start digging on that date. Company representatives could not be reached for comment.

The land that would be affected amounts to less than a quarter of an acre on a project roughly 18,000 acres in size, a factor which Du said affected her decision.

Additionally, Du said, environmental groups could not prove what specific damage would be caused by the digging, only hypothetical guesses. Environmentalists "failed to meet their burden to show they will be irreparably harmed," Du said.

"We are disappointed in the court's ruling allowing the company to dig up and remove cultural and historical artifacts," said Kelly Fuller of the Western Watersheds Project, one of the environmental groups that sued to block the project.

Fuller said the group looks forward to a hearing with Du in the future to argue the entire project should be canceled. (Reporting by Ernest Scheyder in Houston; editing by Matthew Lewis and Leslie Adler)

By Ernest Scheyder

(Reuters) -A U.S. federal judge has ruled that Lithium Americas Corp may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife.

The ruling marked a rare win for a U.S. critical minerals project as environmental groups increasingly pressure courts and regulators to block mining projects, even if they produce metals key to building electric vehicles.

Chief Judge Miranda Du of the federal court in Reno, Nevada, said late on Friday that the digging – needed to determine whether the land holds historical import for Native Americans – may proceed while she determines the broader question of whether former President Donald Trump's administration erred when it approved the project in January. Du said she will try to publish her decision by early 2022.

Vancouver, Canada-based Lithium Americas had agreed not to dig before July 29 while Du deliberated. It was not immediately clear if the company now intends to start digging on that date. Company representatives could not be reached for comment.

The land that would be affected amounts to less than a quarter of an acre on a project roughly 18,000 acres in size, a factor which Du said affected her decision.

Additionally, Du said, environmental groups could not prove what specific damage would be caused by the digging, only hypothetical guesses. Environmentalists "failed to meet their burden to show they will be irreparably harmed," Du said.

"We are disappointed in the court's ruling allowing the company to dig up and remove cultural and historical artifacts," said Kelly Fuller of the Western Watersheds Project, one of the environmental groups that sued to block the project.

Fuller said the group looks forward to a hearing with Du in the future to argue the entire project should be canceled.

(Reporting by Ernest Scheyder in Houston; editing by Matthew Lewis and Leslie Adler)

Northampton, MA –News Direct– Freeport-McMoRan

PT Freeport Indonesia (PT-FI), in partnership with The Indonesian Institute of Sciences (LIPI) and the South Australian Museum, discovered a new frog species in Mimika Regency, Papua, Indonesia.

The species, named Litoria lubisi, is a type of large green tree frog that is a member of the Litoria infratrenata family. The discovery of the new species was officially published in the international journal Zootaxa 4903(1):117-126.

The frog is named after Dr. Rusdian Lubis, who at the time of discovery was serving as PT-FI’s Senior Vice President for Work Environment and Safety. The research on Litoria lubisi was started in 2006 by Stephen Richards from the South Australian Museum and independent researcher Burhan Tjaturadi, who has been working in Papua since 1999, when he joined World Wildlife Fund and Conservation International. The research was continued by the LIPI research team, including Mumpuni, Hellen Kurniati, and Evy Arida. After 15 years of study, the research team was able to confirm the species was a new species never recorded in the taxonomic pedigree.

The finding of this species adds to the long list of discoveries of new species in PT-FI's work area since biodiversity research was first conducted there in 1997. Litoria lubisi is found only in the sago forest in Mimika, Papua.

In addition to partnering with LIPI, PT-FI also regularly collaborates with the Natural History Museum of the United Kingdom, South Australian Masters Athletics of Adelaide, and the University of Papua New Guinea to study biodiversity in Papua.

To learn more about how Freeport-McMoRan contributes to biodiversity conservation, please visit www.fcx.com/sustainability.

See the 2020 Annual Report on Sustainability for more information on their social, economic and environmental efforts.

View additional multimedia and more ESG storytelling from Freeport-McMoRan on 3blmedia.com

View source version on newsdirect.com: https://newsdirect.com/news/freeport-mcmoran-helps-discover-a-new-frog-species-in-papua-936868585

(Bloomberg) — South African stocks advanced for a fourth consecutive session, the longest winning streak since June 2, joining gains in global peers amid earnings optimism that helped Wall Street edge toward an all-time high despite mixed economic data. Telkom SA SOC Ltd. dragged on the market on news its chief executive officer will step down.

The FTSE/JSE Africa All Share Index was up 0.7% by 9:35 a.m. in Johannesburg, trading at its highest level in more than a week, as a broad rally led by miners and banks countered losses in index giant Naspers Ltd. as well as telecommunications providers.

Friday’s gains set the index on track for a fifth consecutive weekly advance, the longest winning streak since May 2020. The index is 2% higher since Monday, its best weekly performance since May 7.

“Local equities in are positive territory, having taken their lead from stronger global markets, which have risen on the back of corporate earnings, among other factors,” said Lester Davids, a strategist at Unum Capital. “Stock leadership appears to be broad-based with Sasol, MTN and Anglo American among the biggest gainers so far in the session.”

The gains come after the South African Reserve Bank left interest rates unchanged at 3.5% and signaled a more dovish policy path.

South Africa Turns Less Hawkish on Key Rate After Riots

“Our house view is dovish; SARB to begin hiking rates in mid-2022,” Matete Thulare, an analyst at Rand Merchant Bank, said in a client note.

Global stocks are on course for a modest weekly gain, bolstered by robust corporate profits and stimulus support. At the same time, July’s decline in 10-year U.S. Treasury yields may signal concern over a possible peak in economic growth, in part as the delta coronavirus strain curbs mobility in some nations.

Anglo American Plc and BHP Group Plc led the index for industrial miners up 1.1%, providing the biggest boost to the index.Anglo American +1.5%, BHP +0.9%, Glencore Plc +1%, African Rainbow Minerals Ltd. +1%Luxury goods retailer and popular rand hedge Richemont advanced 0.7% as the South African currency slides.Precious-metals miners rise for a fourth day, up 1% to a one-week high as gold and palladium prices advanced.NOTE: Gold Steadies on ECB’s Support Pledge, Mixed U.S. Economic DataImpala Platinum Holdings Ltd. +1.3%, Sibanye Stillwater Ltd. +0.9%, AngloGold Ltd. +0.8%, Gold Fields Ltd. +0.7%, Northam Platinum Ltd. +1%, Harmony Gold Mining Co. +1%, Anglo American Platinum Ltd. +0.3%, Royal Bafokeng Platinum Ltd. +1%, Pan African Resources Plc +0.9%Bank stocks extends gains for a fourth day, the longest winning streak since June 2. the sub-index is up 1% as market cheers decision to keep benchmark rate unchanged.FirstRand Ltd. +0.7%, Standard Bank Group Ltd. +0.9%, Absa Group Ltd. +1.5%, Capitec Bank Holdings Ltd. +1.1%, Nedbank Group Ltd. +1.4%, Investec Plc +1.7%Naspers, with a 15% weighting on the index, falls for the first day in three, down 0.4% to provide the biggest drag to the index. Weakness comes as partly owned online gaming giant Tencent Holdings Ltd. retreats in Hong Kong. Naspers holds a 29% stake in Tencent through its subsidiary Prosus NV, which retreated 0.3%NOTE: China’s Tech Crackdown Is Buying Opportunity, Loop Capital SaysTelkom drops 3.1%, dragging the index for telecommunication providers lower, after CEO Sipho Maseko says he is stepping down after more than eight years at the helm of South Africa’s biggest fixed-line operator.NOTE: Telkom CEO Sipho Maseko to Leave Top JobBlue Label Telecoms Ltd. -1.7%Peers MTN Group +1.8%, MultiChoice Group +0.7%, Vodacom Group Ltd. +0.1%Foreign investors remained net sellers of South African stocks for a fourth day Thursday, disposing of 962 million rand ($65 million) of equities, according to data from exchange operator JSE Ltd.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

TORONTO, July 23 (Reuters) – BHP Group has reached conditional agreement with a unit of Westshore Terminals Investment Corp for port services for the global miner's proposed Jansen potash mine in Canada, the terminal operator said late on Thursday, moving the project closer to fruition.

The port agreement is subject to approval by BHP's board and conditional on it moving ahead with Jansen's first phase, Westshore said in a release.

The world's biggest listed miner has estimated Jansen would cost up to $5.7 billion in its first phases.

The project in Canada's Saskatchewan province offers diversification into agricultural markets given that potash is a key element in plant nutrition that also makes crops more drought resistant.

Last month BHP said it would present its board with a decision on whether to move ahead with Jansen after choosing between two port options.

"If the Jansen project does proceed, the agreement requires Westshore to handle potash for BHP for a term to 2051, subject to extension," Westshore said.

Under the agreement, Vancouver-based Westshore would construct infrastructure to handle potash at Westshore’s Roberts Bank Terminal by 2026, with BHP funding the construction.

The pact would become binding on BHP if it announces a final decision to proceed with Jansen's first stage, Westshore said.

(Reporting by Jeff Lewis; editing by Jason Neely)

Los Angeles, California–(Newsfile Corp. – July 23, 2021) – The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Piedmont Lithium Inc. ("Piedmont" or "the Company") (NASDAQ: PLL) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Reuters published an article on July 20, 2021, titled: "In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors." According to the article, the 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 continues, "five of the seven members of the county's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected," and quotes the chair of the board of commissioners as stating that "Piedmont has sort of put the proverbial cart before the horse." According to Reuters, "state officials added their review process could stretch for more than a year as they solicit comments from at least six other state and federal agencies," and quoted the director of Gaston County's planning and zoning office stating that "I'm not even going to accept an application from Piedmont for rezoning until they have their state permit in hand." Based on this news, shares of Piedmont traded down by almost 20% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91044

For Immediate Release

Chicago, IL – July 23, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BHP Group BHP, Booking Holdings Inc. BKNG, CVS Health Corporation CVS, Chipotle Mexican Grill, Inc. CMG and Exelon Corporation EXC.

Here are highlights from Thursday’s Analyst Blog:

Q2 Earnings Scorecard and Research Reports for BHP, Booking.com and CVS

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including BHP Group, Booking Holdings, and CVS Health. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today's research reports here >>>       

Q2 Earnings Season Scorecard

Including all of this morning's releases, we now have Q2 results from 103 S&P 500 members or 20.% of the index's total membership. Total earnings for these 103 index members are up +117.6% on +18.9% higher revenues, with 90.3% beating EPS estimates and a record 85.4% beating revenue estimates.

This is a notably improved performance from these 103 index members relative to what we have seen from the same group of companies in other recent periods, with the revenue outperformance notably standing out. Looking at Q2 as a whole, combining the actual results that have come out with estimates for the still to come companies, total S&P 500 earnings are currently expected to be up +72.7% on +19.8% higher revenues.

For a detailed look at the Q2 earnings season and expectations for the coming periods, please check out our weekly Earnings Trends report >>>> All Around Earnings Strength

Today's Featured Research Reports

Shares of BHP have outperformed the Zacks Mining – Miscellaneous industry over the past year (+49.4% vs. +33.6%). The Zacks analyst believes that the company will continue to benefit from the rally in iron ore prices aided by strong demand in China. Improved industrial activity has led to a rally in copper prices, which is a positive for the company.

BHP's efforts to make operations more efficient through the employment of smart technology will lead to a reduction in costs, thereby boosting margins. During fiscal 2021, the company achieved first production at four major development projects. It is currently involved in two major petroleum and potash projects, both of which are under development.

(You can read the full research report on BHP here >>>)

Booking Holdings shares have gained +7.9% over the last six months against the Zacks Internet Commerce industry's loss of -21.4%. The Zacks analyst believes that steadily improving bookings, on the back of the re-opening of economy, have been benefiting the company.

The company remains optimistic about its highly variable cost structure and strong liquidity position, which it expects will help in navigating through the current crisis. Disruptions in the travel industry due to the pandemic and sluggishness in the agency business are major headwinds for the company.

(You can read the full research report on Booking Holdings here >>>)

Shares of CVS Health have gained +21.9% in the year to date period against the Zacks Retail Pharmacies and Drug Stores industry's gain of +21.2%. The Zacks analyst is encouraged by the increasing demand for PBM and specialty pharmacy along with significant growth observed in the retail business.

The company's consumer-centric digital strategy has become more relevant in the current environment as people are using technology more while staying indoors. A weak cough, cold and flu season, however, impacted growth within both Pharmacy Services and Retail/LTC in the first quarter. The repeal of the HIF for 2021 also hampered growth for the Health Care Benefits unit.

(You can read the full research report on CVS Health here >>>)

Other noteworthy reports we are featuring today include Chipotle Mexican Grill and Exelon.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                      

https://www.zacks.com                                          

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Exelon Corporation (EXC) : Free Stock Analysis Report
 
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
 
Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report
 
CVS Health Corporation (CVS) : Free Stock Analysis Report
 
Booking Holdings Inc. (BKNG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

TORONTO (Reuters) -BHP Group has reached conditional agreement with a unit of Westshore Terminals Investment Corp for port services for the global miner's proposed Jansen potash mine in Canada, the terminal operator said late on Thursday, moving the project closer to fruition.

The port agreement is subject to approval by BHP's board and conditional on it moving ahead with Jansen's first phase, Westshore said in a release.

The world's biggest listed miner has estimated Jansen would cost up to $5.7 billion in its first phases.

The project in Canada's Saskatchewan province offers diversification into agricultural markets given that potash is a key element in plant nutrition that also makes crops more drought resistant.

"BHP confirms that Westshore Terminals Limited Partnership … has signed an agreement to provide port services for the Jansen potash project in Saskatchewan," BHP said in a statement to Reuters.

Last month BHP said it would present its board with a decision on whether to move ahead with Jansen after choosing between two port options.

"If the Jansen project does proceed, the agreement requires Westshore to handle potash for BHP for a term to 2051, subject to extension," Westshore said.

Under the agreement, Vancouver-based Westshore would construct infrastructure to handle potash at Westshore’s Roberts Bank Terminal by 2026, with BHP funding the construction.

The pact would become binding on BHP if it announces a final decision to proceed with Jansen's first stage, Westshore said.

Westshore's Toronto-listed shares climbed as much as 38% Friday.

(Reporting by Jeff Lewis; editing by Jason Neely, Kirsten Donovan)