Vancouver, British Columbia–(Newsfile Corp. – July 20, 2021) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth"), announces it has shifted its license portfolio in both the Atacama and Ollague Projects. This shift was conducted to best reflect management's conversations with local stakeholders, geological prospectivity and to position the Company for easier future permitting efforts.

Atacama Project

Wealth Minerals has tailored its license footprint in the Atacama Salar. The Company has reconfigured its original 46,200 hectares license package. The Company has moved away from licenses which have low prospectivity for shallow brines, as determined by past geophysical work by the Company. Additionally, the Company no longer has licenses which cover the Laguna Cejar, a topographical feature important to local indigenous peoples. Wealth notes that the new license hectares package contain the best geophysical anomalies for potential shallow and deep brine recovery.

Management believes this move is in the best interests of the Company and local stakeholders, and Management anticipates that future permitting work from various Chilean agencies, Company dialog with local indigenous peoples, and total license holding costs will be eased due to this corporate action.

Additionally, the Company has expanded its license footprint in the east of the Atacama Salar next to Highway 23, previously referred to as the "Harry Project" (see press release February 11, 2019). The original Harry Project was 7,900 hectares, to which has been added 3,500 hectares. The Company has entered into an arm's length property purchase agreement for the acquisition of this additional 3,500 hectares license position (the "Harry Agreement"). Upon approval, the Company will issue 1,290,000 common shares of Wealth to the vendor. Completion of the Harry Agreement is subject to acceptance by the TSX Venture Exchange.

In total, the entire Wealth Minerals' claim portfolio in the Atacama Salar is 46,200 hectares, which is the same as the original position acquired by Wealth, and is a major position on par in size with state-company CORFO, which currently hosts Sociedad Quimica y Minera de Chile (SQM) and Albemarle Corporation who collectively account for a fourth of global lithium production here.

The Company has superimposed its geophysical work onto the license map (below in Maps 1 and 2). The geophysical data identified very high conductivity (very low resistivity) zones (as denoted by pink and red colors), which are interpreted to represent porous media with high-salinity fluids (potentially lithium-bearing brines).

Updated License Map 1, Deep Anomaly (approximately 800m below surface)

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4437/90691_figure1.jpg

Updated License Map 2, Shallow Anomaly (approximately 100m below surface)

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4437/90691_figure2.jpg

Ollague Project

The Ollague Salar (previously referred to as "Vapor") is in northern Chile (see press release February 11, 2019) and the Company has added to its existing claim portfolio an additional 2,100 hectares for a total of 6,420 hectares. The Company has entered into an arm's length property purchase agreement (the "Ollague Agreement") for the acquisition of this additional 2,100 hectares license position. Upon approval, the Company will issue 1,210,000 common shares of Wealth to the vendor. Completion of the Ollague Agreement is subject to acceptance by the TSX Venture Exchange.

Recent drilling activity by a peer company in the area returned lithium grades up to 480 Li mg/l. Readers are cautioned that the properties held by a peer company are adjacent properties and that Wealth has no interest in or right to acquire any interest in any part of the properties and that mineral deposits on adjacent or similar properties are not in any way indicative of mineral deposits on Wealth's position in the Ollague Salar.

Wealth has interpreted past geophysical work to identify shallow zones of very low electric resistivity (Map 3), which are the most obvious targets for lithium bearing brines to be tested with drilling (see press release of February 28, 2019).

Map 3, Ollague License Area with Pink Color Highlighting Interpreted Area of Shallow Anomaly (less than 400m below surface) Showing Resistivity Less than 1 ohm.m

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4437/90691_64a499c4e4f4babf_006full.jpg

Hendrik van Alphen, CEO of Wealth, commented: "Our Company has a fantastic asset portfolio in Chile and we have analyzed and acted the best way to create value for our shareholders while taking into account the interests of our wider range of stakeholders. I look forward to updating you on our progress."

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company's main focus is the acquisition and development of lithium projects in South America. To date, the Company has positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company has a substantial license package.

Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors of
WEALTH MINERALS LTD.

"Hendrik van Alphen"
Hendrik van Alphen
Chief Executive Officer

For further information, please contact:

Marla Ritchie
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: info@wealthminerals.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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, anticipated exploration program results from exploration activities, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90691

VANCOUVER, British Columbia, July 20, 2021 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release second quarter 2021 operational and financial results after market close on Thursday, August 12^th, 2021. The webcast and conference call to discuss Q2 2021 will take place Friday, August 13^th, 2021 at 7:30 am PT (10:30 am ET) and can be accessed at www.pretivm.com.

Second quarter 2021 webcast and conference call details:

About Pretivm

Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine.

For further information contact:

Troy Shultz
Manager, Investor Relations &
Corporate Communications

Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
invest@pretivm.com
(SEDAR filings: Pretium Resources Inc.)

By Ernest Scheyder

GASTON COUNTY, N.C. (Reuters) – In its quest to build one of the largest lithium mines in the United States, Piedmont Lithium Inc has overlooked one crucial constituency: its North Carolina neighbors.

Piedmont last autumn signed a deal https://www.reuters.com/article/us-piedmont-lithium-deal-tesla-idUSKBN26J03H to supply U.S. electric automaker Tesla Inc with lithium sourced from its deposits in North Carolina, sending the company's stock up tenfold.

Piedmont has also hired investment banks to find investors for its $840 million project, which would include an open-air pit more than 500 feet (152 m) deep and facilities to produce lithium-based electric vehicle (EV) battery chemicals.

The company, however, has not applied for a state mining permit or a necessary zoning variance in Gaston County, just west of Charlotte, despite telling investors since 2018 that it was on the verge of doing so.

Five of the seven members of the county's board of commissioners, who control zoning changes, say they may block or delay the project because Piedmont has not told them what levels of dust, noise and vibrations will occur, nor how water and air quality would be affected. "Piedmont has sort of put the proverbial cart before the horse," said Tom Keigher, chair of the board of commissioners. "Why in the world would they make this deal with Tesla before they even have approval for the mine?"

Piedmont said it waited to approach officials in order to refine its plans – it published a third iteration last month – and to secure a customer to show that the mine could stay open for its projected 20-year lifespan.

"We finally have a project to debut and really talk about," said Keith Phillips, Piedmont's chief executive officer.

"Maybe it would have been better had (commissioners) been in the loop constantly. We didn't really have the time or resources to do it and we didn't even know what to tell them, until now."

The deteriorating relationship between Piedmont and county leaders reflects broader tension in the United States as resistance to living near a mine clashes with the potential of EVs to mitigate climate change.

Piedmont has already spent $58 million on the project, which would produce about 30,000 tonnes of lithium annually, enough to make about 3 million EVs.

The company originally planned to put its chemical plant in a neighboring county, but now intends to build it near the mine, a step that should reduce truck traffic. Piedmont also plans to crush rock in the mine pit, alleviating dust, and incorporate solar power.

TUESDAY MEETING

In September 2018, Piedmont told investors it expected to obtain permits by the end of 2019. In August 2019, executives said they would apply for permits and rezoning "in the coming months."

Piedmont said both times it was "not aware" of any reason why the county would not approve zoning changes, even though it had yet to present any information to commissioners. In December, Piedmont said it expected to receive local zoning approval before the end of June.

The company said the delays were due in part to weak lithium prices in recent years.Piedmont had been set to meet with commissioners in March, but canceled with three days' notice, further straining the relationship. Piedmont said it canceled that meeting in order to further refine its plans.

"This has been the worst rollout of a project from a company I've ever seen," said Chad Brown, a commissioner who opposes the mine.

Phillips, Piedmont's CEO, is slated to give a 15-minute presentation to commissioners on Tuesday night, though no vote will be held.

Phillips said he will tell commissioners Piedmont expects to apply for a state mining permit this summer, begin construction in April 2022 and be in production by the second half of 2023.Piedmont's deal with Tesla involves supplying roughly 53,000 tonnes of spodumene concentrate to the automaker's planned lithium hydroxide chemical plant in Texas starting sometime between July 2022 and July 2023.

Piedmont declined to discuss the Tesla arrangement, but hinted the automaker may not need supply by 2023.

"We're confident in the relationship we have with our customer to be able to manage the supply of lithium when they need it," said David Klanecky, Piedmont's chief operating officer.

Tesla, which has other lithium suppliers, did not respond to requests for comment.The North Carolina Department of Environmental Quality, which issues mining permits, said it expects an application "in the near future."

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.

"I'm not even going to accept an application from Piedmont for rezoning until they have their state permit in hand," said Brian Sciba, director of Gaston County's planning and zoning office.

'MINE AROUND MY PROPERTY'

Piedmont, whose stock trades in Australia and began trading on the Nasdaq in the United States earlier this year, owns or controls more than 3,000 acres (12 sq km) in the western corner of rural Gaston County.

While some landowners are prepared to sell if the offer is enticing enough, others say Piedmont has bullied them.

"They told me that if I don't sell, they'll just mine around my property," said Emilie Nelson, whose 14 acres Piedmont has tried to buy since 2017.

Piedmont said it was unaware if one of its contractors made the alleged threat, but did not authorize or condone it.

"We always deal respectfully with folks," said Patrick Brindle, Piedmont's vice president of project management. "And if we weren't those kind of operators, I don't think we would be successful in entering into the number of agreements with landowners that we have."

Landowners said they would prefer Piedmont only build a processing plant and rely on a foreign mine for lithium supply. Livent Corp and Albemarle Corp operate lithium processing plants in the county that source the metal from South America.

Piedmont, which recently bought stakes in Quebec and Ghana lithium projects, said it prefers to mine and process the metal at the Gaston County site.

Piedmont's arrangement with Tesla has done little to impress locals. More than 1,500 have signed a petition asking officials to block the mine.

"There's no doubt the mine would benefit our country and the green energy industry," said Tracy Philbeck, a commissioner. "But it would have a negative impact on our community."

(Reporting by Ernest Scheyder; Editing by Amran Abocar and Marguerita Choy)

MELBOURNE, Australia, July 20, 2021–(BUSINESS WIRE)–Rio Tinto and Bougainville community members, represented by the Human Rights Law Centre, have reached an agreement to identify and assess legacy impacts of the former Panguna copper mine in Bougainville. This follows several months of constructive discussions facilitated by the Australian OECD National Contact Point (AusNCP).

A joint committee of stakeholders will be formed to oversee a detailed independent assessment of the Panguna mine to identify and better understand actual and potential environmental and human rights impacts of the mine which ceased operating in 1989.

The Panguna Mine Legacy Impact Assessment Committee will be established by the Autonomous Bougainville Government (ABG) and the parties to the AusNCP process, Rio Tinto, the HRLC and the community members the HRLC represents. It will be chaired by an independent facilitator with representatives invited to join the Committee from the Independent State of Papua New Guinea (PNG), ASX-listed Bougainville Copper Limited (BCL), as well as other landowners and community representatives.

Rio Tinto chief executive Jakob Stausholm said, "This is an important first step towards engaging with those impacted by the legacy of the Panguna mine. It comes after months of constructive engagement with the HRLC and the community members they represent facilitated by the Australian National Contact Point, as well as engagement with other key stakeholders including the Autonomous Bougainville Government.

"Operations at Panguna ceased in 1989 and we’ve not had access to the mine since that time. Stakeholders have raised concerns about impacts to water, land and health and this process will provide all parties with a clearer understanding of these important matters, so that together we can consider the right way forward. We take this seriously and are committed to identifying and assessing any involvement we may have had in adverse impacts in line with our external human rights and environmental commitments and internal policies and standards."

The scope of the Impact Assessment, along with terms of reference for the Committee, have been drafted by the parties to the AusNCP process. The Impact Assessment will be predominantly funded by Rio Tinto with BCL contributing separately, provided that broader stakeholders on the Committee endorse the process and proposed methodology of the Impact Assessment, the Impact Assessment can be safely completed and an appropriate funding mechanism can be agreed. The ABG has confirmed its support for the process.

The Committee will appoint a chairperson and an independent third-party company (or consortium) to complete the Impact Assessment with strong environmental and human rights expertise as well as both global and regional experience.

Following the Impact Assessment, Rio Tinto and the other parties to the AusNCP process will discuss the recommendations from the Impact Assessment and the remaining commitments sought by the communities.

The joint statement from the parties to the AusNCP process is available at https://ausncp.gov.au/.

Background

The Panguna mine was operated by BCL, majority owned by Rio Tinto, for 17 years from 1972 until 1989, when operations were suspended due to an uprising against the mine and subsequent civil war. A peace agreement was signed in 2001 and Bougainville was given greater autonomy within PNG, with a non-binding referendum in favour of independence held in 2019.

Rio Tinto transferred its 53.83 per cent majority shareholding in BCL to the ABG and the PNG Government in 2016 for no consideration, enabling ABG and PNG to hold an equal share in BCL of 36.4 per cent each. BCL is an ASX listed company with the remaining 27.2 per cent held by public and institutional investors. Rio Tinto holds no shares in BCL.

In September 2020, the HRLC, representing 156 residents of villages in the vicinity of the Panguna mine, filed a complaint with the AusNCP against Rio Tinto. The complaint alleges that Rio Tinto is accountable for significant breaches of the OECD Guidelines for Multinational Enterprises relating to past and ongoing environmental and human rights impacts allegedly arising from the Panguna mine. The complaint also alleges that, notwithstanding its divestment, Rio Tinto is accountable for remediating these ongoing impacts as it has an ongoing obligation to provide for or cooperate in remediation where it identifies it has caused or contributed to harm. The complainants are seeking commitments from Rio Tinto to:

• Engage with Panguna mine-affected communities to help find solutions and undertake formal reconciliation as per Bougainvillean custom;

• Fund an independent environmental and human rights impact assessment of the mine by a team of qualified local and international experts to map impacts and to develop recommendations (Impact Assessment); and

• Contribute to a substantial, independently managed fund, to help address the harms allegedly caused by the mine and assist long-term rehabilitation efforts.

The AusNCP accepted the complaint and Rio Tinto, HRLC and community representatives have been engaging productively through the ‘good offices’ of the AusNCP since November 2020.

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210720006261/en/

Contacts

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

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

David Outhwaite
M +44 7787 597 493

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

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

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

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

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

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

Amar Jambaa
M +61 472 865 948

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

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

Category: General

P17S NE Strike Length Now Drilled Over 600 m Outside of Reserve Pit

Figure 1

P17 Area Plan Map

Figure 2

P17S NE Extension Long Section 730250 – Looking West

VANCOUVER, British Columbia, July 20, 2021 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce additional results from its ongoing drilling program to test the expansion potential of the P17 trend at its Bomboré Gold Project, located in Burkina Faso.

The focus of this latest drilling was to test the continuity of high-grade mineralization into the “Gap Zone” between P17S and P17. This area had not been previously subject to any drilling and represented a 600 m gap between the P17S NE extension and P17 to the north. With the success of these new results, the strike extent of P17S is now over 600 m outside of the existing reserve pit and remains open at depth and to the north towards P17.

Drilling Highlights

• 50 m of 1.40 g/t Au from 246 m including 3 m at 8.89 g/t Au in Hole BBD1074

• 21 m of 1.56 g/t Au from 88 m and a further 16.45 m of 2.35 g/t Au from 124 m
  in Hole BBD1068

• 9 m of 2.06 g/t Au from 13 m in Hole BBD1070

Patrick Downey, President and CEO stated, “The P17 trend of mineralization is shaping up to be an outstanding exploration target for Bomboré. Intersecting such a broad zone of strong gold grade mineralization in the Gap Zone supports the Company’s belief that the P17 area has the potential to host a large-scale higher-grade gold resource amenable to open pit mining. It is noteworthy that the drilling is intercepting very broad continuous zones of mineralization that are hosted in a prospective folded granodiorite intrusive that is much thicker than the folded granodiorite within the P17S reserve pit. We have intercepted several limbs of these plunging structures which now extend into the Gap Zone and indicates the existence of a large promising target between P17S and P17, a mineralized trend with a potential strike extent of 1.7 km and open in multiple directions. Further drilling will infill this zone to confirm the continuity of the P17S extension to the shallow P17 zone to the north. We plan to re-commence drilling in Q4 after the 2021 rainy season has ended.”

Recent drilling in 2021 northeast of reserves and resources at P17S identified several wide, multigram intersections near surface and outside current reserves or resources such as BBD1066 which intersected 32.00 m of 3.98 g/t gold (see Orezone’s June 8, 2021 news release). This most recent drilling has also successfully intersected broad zones of mineralization at depth, extending the down plunge strike of the P17S NE deposit into the untested Gap Zone by 150 m. The P17S NE deposit remains open at depth and to the north.

Table 1: P17S Area 2021 Selected Drill Results

* True widths for P17S area drilling are approximately 90% of drilled lengths.
** Results from June 8, 2021 news release restated following final leach residue assays.

Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0170ae68-8dc0-44ec-b146-1e35019b044f

Figure 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4569fe73-30b4-4074-ab7a-f51374a115f6

About Orezone Gold Corporation

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

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

Patrick Downey
President and Chief Executive Officer

Vanessa Pickering
Manager, Investor Relations

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

Qualified Person

Dr. Pascal Marquis, Geo., Senior VP Exploration is the Qualified Person who has approved the scientific and technical information in this news release.

QA/QC

The mineralized intervals are based on a lower cut-off grade of 0.45 g/t, a minimal width of 1.5 m and up to a maximum of 2.0 m of dilution being included. The true width of the mineralization is approximately 90% of the drill length. The half-core drilling samples were cut using a diamond saw by Orezone employees. The samples were prepared by SGS Burkina Faso s.a.r.l. (“SGS”) at the Bomboré facility and then split by Orezone to 1 kg using Rotary Sample Dividers (“RSDs”). A 1-kg aliquot was analyzed for leachable gold at BIGS Global Burkina s.a.r.l. (“BIGS Global”) in Ouagadougou, by bottle-roll cyanidation using a LeachWell^TM catalyst. The leach residues from all samples with a leach grade greater than or equal to 0.4 g/t were prepared by BIGS Global and then split by Orezone to 50 g using RSDs. A 50-g aliquot was analyzed by fire assay at SGS.

Orezone employs a rigorous Quality Control Program including a minimum of 10% standards, blanks and duplicates. The composite width and grade include the final leach residue assay results for most of the drill intercepts reported, with the details available in the tables posted on our web site.

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

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

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this press release include, but are not limited to, statements with respect to the potential at P17 and P17S, Bomboré project being fully funded to production and projected first gold by Q3-2022.

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

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

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

Stewart, British Columbia–(Newsfile Corp. – July 20, 2021) – Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) has started the 2021 drill program on the Del Norte property optioned from Teuton Resource Corp. The property located 34 kilometres east of Stewart, BC is comprised of 5,830.16 ha in 13 separate claims. To date, the property has had over $6,000,000.00 in exploration expenditures. It is located along a major structural break between volcanics to the west and sediments to the east.

Decade has the right to earn up to a 55 % interest under the following terms:

• Payment of $400,000 over 4 years with an initial payment of $20,000.00.

• Issuing 800,000 shares of Decade on signing.

• Issuing $180,000.00 of Decade stock over a 4 year period.

• Expenditures of $4,000,000.00 over 5 years.

Decade has the right to earn an additional 20 % by placing the property into production.
There is an underlying 2 % NSR on the property.

Drilling will initially focus on the LG/Argo zone. Highlights of drilling into the Argo zone in 2020 include:

• 1049.64 g/t Ag eq over 6.03 m in DDH DN20-18, included within an interval grading 119.95 g/t Ag Eq over 58.37m

• 2128.48 g/t Ag eq over 2.46m in DDH DN20-20, included within an interval grading 221.03 g/t Ag eq over 34.09m

Both DDH DN20-18 and 20 were the deepest intersections on the Argo zone and as they were collared 500m from each other indicate excellent potential for establishing tonnage with continued drilling in 2021. Further drilling on close spaced intervals will expand on the new zone.

The Company completed over 1300 m of drilling on the Terrace area properties including 12 holes on the Dardanelle Gold property and 3 on the Excelsior copper-gold prospect. On the Dardanelle, drilling intersected up to 5 m of quartz – sulphide veins in some of the holes. These were completed at the extreme north part of the vein system traced over 600 m of strike length and 300 m of height. The veins intersected are similar to those sampled in the fall of 2020. Logging and core cutting is being carried out in the Company facilities in Stewart.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"
Ed Kruchkowski, President

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

"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."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90709

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is Freeport-McMoRan (FCX). FCX is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 9.08. This compares to its industry's average Forward P/E of 11.54. Over the past year, FCX's Forward P/E has been as high as 20.97 and as low as 9.08, with a median of 13.41.

Investors should also note that FCX holds a PEG ratio of 0.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FCX's PEG compares to its industry's average PEG of 0.47. Within the past year, FCX's PEG has been as high as 0.76 and as low as 0.32, with a median of 0.49.

Another notable valuation metric for FCX is its P/B ratio of 2.49. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.75. FCX's P/B has been as high as 3.34 and as low as 1.09, with a median of 2.26, over the past year.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Freeport-McMoRan is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, FCX feels like a great value stock at the moment.

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Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don't make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are now in a stock pickers market where fundamentals of a stock have more effect on the price than the overall direction of the market. As a result we observe sudden and large changes in hedge fund positions depending on the news flow. Let’s take a look at the hedge fund sentiment towards Peabody Energy Corporation (NYSE:BTU) to find out whether there were any major changes in hedge funds' views.

Is Peabody Energy Corporation (NYSE:BTU) a buy here? The smart money was betting on the stock. The number of bullish hedge fund bets rose by 1 lately. Peabody Energy Corporation (NYSE:BTU) was in 21 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 36. Our calculations also showed that BTU isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 20 hedge funds in our database with BTU positions at the end of the fourth quarter.

So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). We have been able to outperform the passive index funds by tracking the moves of corporate insiders and hedge funds, and we believe small investors can benefit a lot from reading hedge fund investor letters and 13F filings.

Paul Singer of Elliott Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Chuck Schumer recently stated that marijuana legalization will be a Senate priority. So, we are checking out this under the radar stock that will benefit from this. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind let's go over the new hedge fund action regarding Peabody Energy Corporation (NYSE:BTU).

Do Hedge Funds Think BTU Is A Good Stock To Buy Now?

At first quarter's end, a total of 21 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 5% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards BTU over the last 23 quarters. With hedge funds' sentiment swirling, there exists an "upper tier" of key hedge fund managers who were increasing their holdings significantly (or already accumulated large positions).

More specifically, Elliott Investment Management was the largest shareholder of Peabody Energy Corporation (NYSE:BTU), with a stake worth $88.5 million reported as of the end of March. Trailing Elliott Investment Management was Adage Capital Management, which amassed a stake valued at $8.3 million. Hosking Partners, Renaissance Technologies, and Alden Global Capital were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Alden Global Capital allocated the biggest weight to Peabody Energy Corporation (NYSE:BTU), around 1.18% of its 13F portfolio. Elliott Investment Management is also relatively very bullish on the stock, setting aside 0.66 percent of its 13F equity portfolio to BTU.

With a general bullishness amongst the heavyweights, key hedge funds were leading the bulls' herd. JS Capital, managed by Jonathan Soros, initiated the largest position in Peabody Energy Corporation (NYSE:BTU). JS Capital had $0.4 million invested in the company at the end of the quarter. Michael Gelband's ExodusPoint Capital also made a $0.2 million investment in the stock during the quarter. The other funds with new positions in the stock are Cliff Asness's AQR Capital Management and Peter Muller's PDT Partners.

Let's now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Peabody Energy Corporation (NYSE:BTU) but similarly valued. We will take a look at BELLUS Health Inc. (NASDAQ:BLU), Greenlight Capital Re, Ltd. (NASDAQ:GLRE), Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR), Navios Maritime Containers L.P. (NASDAQ:NMCI), Xeris Pharmaceuticals, Inc. (NASDAQ:XERS), AudioEye, Inc. (NASDAQ:AEYE), and Theratechnologies Inc. (NASDAQ:THTX). All of these stocks' market caps match BTU's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position BLU,12,88516,-2 GLRE,8,5644,-2 EIGR,17,69455,0 NMCI,3,23247,-1 XERS,11,65125,4 AEYE,5,28137,-1 THTX,6,43493,1 Average,8.9,46231,-0.1 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 8.9 hedge funds with bullish positions and the average amount invested in these stocks was $46 million. That figure was $122 million in BTU's case. Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) is the most popular stock in this table. On the other hand Navios Maritime Containers L.P. (NASDAQ:NMCI) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Peabody Energy Corporation (NYSE:BTU) is more popular among hedge funds. Our overall hedge fund sentiment score for BTU is 73.5. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks returned 23.8% in 2021 through July 16th but still managed to beat the market by 7.7 percentage points. Hedge funds were also right about betting on BTU as the stock returned 184.6% since the end of March (through 7/16) and outperformed the market by an even larger margin. Hedge funds were clearly right about piling into this stock relative to other stocks with similar market capitalizations.

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Disclosure: None. This article was originally published at Insider Monkey.

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CHARLOTTE, N.C., July 20, 2021 /PRNewswire/ — The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.39 per share. The dividend, which has an annualized rate of $1.56, is payable Oct. 1, 2021, to shareholders of record at the close of business as of Sept. 17, 2021.

About Albemarle Corporation
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

Forward-Looking Statements

Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-corporation-announces-dividend-301337838.html

SOURCE Albemarle Corporation

ST. LOUIS, July 20, 2021 /PRNewswire/ — On Thursday, July 29, 2021, Peabody (NYSE: BTU) will announce results for the quarter ended June 30, 2021. A conference call with management is scheduled for 10 a.m. CT on Thursday, July 29, 2021.

The call, replay and other investor data will be available at PeabodyEnergy.com.

Participants may also access the call using the following phone numbers:

U.S. and Canada (888) 312-3049
Australia 1800 849 976
United Kingdom 0808 238 9907

For all other international participants, please contact Peabody Investor Relations at (314) 342-7900 prior to the call to receive your dial-in number.

Peabody (NYSE: BTU) is a leading coal producer, providing essential products to fuel baseload electricity for emerging and developed countries and create the steel needed to build foundational infrastructure. Our commitment to sustainability underpins our activities today and helps to shape our strategy for the future. For further information, visit PeabodyEnergy.com.

Contact:
Alice Tharenos
314.342.7900

View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-to-announce-results-for-the-quarter-ended-june-30-2021-301337966.html

SOURCE Peabody

VANCOUVER, British Columbia, July 20, 2021 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project development company, announces that effective immediately Dr. Volker Berl has been appointed as an independent director of the Company.

“I am pleased to welcome Dr. Berl to the board at this significant juncture in the Company’s evolution,” said Robert Cross, Chair of Standard Lithium’s board of directors. “Dr. Berl’s deep knowledge of the chemical industry coupled with his experience in institutional capital markets and an outstanding track record of investments in technology companies will be extremely valuable as we advance our goal of bringing the first new US lithium project into production in over 50 years.”

“I am excited to expand my involvement with Standard Lithium on the heels of the recent NYSE American listing and technological achievements”, Dr. Berl stated. “I look forward to representing shareholders and working closely with the board and team as they continue to execute on their strategic developments plans”.

Dr. Berl has been a venture builder and an avid serial investor since 2009. He is the Founder, Managing Partner and Chief Executive Officer of New Age Ventures, a venture studio with a portfolio of earlier stage and actively managed investments across healthcare, medical devices, digital health, cleantech, consumer tech, deep tech, applied artificial intelligence, and more. Mr. Berl is well connected in the New York technology investment community, and currently serves as a director for Gaussin S.A. (EPA:ALGAU) (since 2006), Leaderlease S.A. (since 2015), OrthogenRx, Inc. (since 2015), Venock, Inc. (since 2017), Emoshape, Inc. (since 2020), and Artract Medical, Inc. (since 2021).

Dr. Berl has held positions with BASF AG in Germany, from 2002 to 2005 in chemical manufacturing and process engineering, and in global new business development for chemical intermediates. In 2006, he was Vice President Equity Research Pharmaceuticals for Deutsche Bank, and Chief Technology Officer for bioscience company Zymes LLC from 2007 to 2009. Dr. Berl holds an M.B.A. in General Management from Concordia University (Canada), a post-doctoral chemistry fellowship from Stanford University (USA), a Ph.D. in Chemistry from the University of Strasbourg (France), a Masters in Chemical Engineering from the École Nationale Supérieure de Chimie, Polymères et Matériaux (France), and an M.Sc. in Chemistry from the Eidgenössische Technische Hochschule (Switzerland).

In connection with the appointment, Dr. Berl has been granted 22,500 performance share units (the “PSUs”), 7,500 restricted share units (the “RSUs”) and 200,000 incentive stock options (the “Options”). Each PSU and RSU represents the right to receive, once vested, one common share in the capital of the Company. The PSUs will vest upon the achievement of the performance milestones set forth in the Company’s news release of January 18, 2021. The RSUs vest quarterly in four equal parts over a twelve-month period, with the first part vesting on September 30, 2021. The Options vest immediately and are exercisable at a price of $6.08 until July 19, 2026.

The RSUs and PSUs were granted pursuant to the long-term incentive plan (the “LTIP”) previously adopted by the board of directors of the Company. Implementation of the LTIP remains subject to ratification by disinterested shareholders of the Company and approval of the TSX Venture Exchange. No PSUs or RSUs will vest, and no common shares of the Company will be issued in connection with any outstanding PSUs or RSUs, until such time as the LTIP as received approval of disinterested shareholders and the TSX Venture Exchange. In the event such approvals are not received prior to December 31, 2021, all PSUs and RSUs will be automatically cancelled without any further right or entitlement.

About Standard Lithium Ltd.

Standard Lithium is an innovative technology and lithium development company. The company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The company has commissioned its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess's south plant facility in southern Arkansas. The demonstration plant utilizes the company's proprietary LiSTR technology to selectively extract lithium from Lanxess's tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino county, California.

Standard Lithium is listed on the TSX Venture Exchange and the NYSE American under the trading symbol “SLI” and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.

On behalf of the Board of Standard Lithium Ltd.

Robert Mintak, CEO & Director

For further information, contact Anthony Alvaro at (604) 240 4793

Twitter @standardlithium

LinkedIn https://www.linkedin.com/company/standard-lithium/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

For many investors, the main point of stock picking is to generate higher returns than the overall market. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. We regret to report that long term Western Areas Limited (ASX:WSA) shareholders have had that experience, with the share price dropping 34% in three years, versus a market return of about 32%. There was little comfort for shareholders in the last week as the price declined a further 1.7%.

View our latest analysis for Western Areas

Because Western Areas made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Over three years, Western Areas grew revenue at 9.4% per year. That's a fairly respectable growth rate. Shareholders have seen the share price fall at 10% per year, for three years. So the market has definitely lost some love for the stock. With revenue growing at a solid clip, now might be the time to focus on the possibility that it will have a brighter future.

You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).

Western Areas is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. You can see what analysts are predicting for Western Areas in this interactive graph of future profit estimates.

A Different Perspective

Western Areas shareholders are down 15% for the year, but the market itself is up 27%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 2% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Western Areas , and understanding them should be part of your investment process.

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

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

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

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

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

MIRAMICHI, New Brunswick, July 19, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (TSXV: SXL) (the “Company”) announces that it has closed the previously announced private placement and it has issued 3,299,731 flow-through units (the “FT Units”) at a price of $0.09 per FT Unit for gross proceeds of $296,975.79 (the “Private Placement”). Each FT Unit is comprised of one common share in the capital of the Company issued on a “flow-through” basis and one-half of one common share purchase warrant issued on a non-flow-through basis (with two half common share purchase warrants being a “Warrant”). Each Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of $0.10 for a period of 24 months from the date of closing. The FT Units are subject to a four-month and one day hold period that expires on November 16, 2021.

Three insiders of the Company participated in the Private Placement and subscribed for an aggregate of 1,611,110 FT Units; the transaction is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the Insiders do not exceed 25% of its market capitalization.

The Company has paid $10,567 cash and issued 53,150 non-flow-through units (“NFT Units”) with each NFT Unit being comprised of one common share and one Warrant that is exercisable to purchase one additional common share at a price of $0.10 for a period of two years to qualified parties.

Proceeds received from the FT Units will be used to fund exploration on SLAM's gold and base metal projects in Canada with the main focus on the Menneval gold project in New Brunswick.

For additional information call Mike Taylor at 506-623-8960.

About SLAM Exploration Ltd:

SLAM is a project-generating resource company focused on is its flagship Menneval Gold project where the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Millstream Break in northern New Brunswick. SLAM also expects to conduct preliminary programs on the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in southern New Brunswick. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

(Bloomberg) — Brazilian mining giant Vale SA produced slightly less iron ore than expected last quarter because of teething problems at a new plant in a fresh blow to an already tight global market for the steelmaking ingredient.

The world’s second-largest iron producer churned out 75.7 million metric tons in the second quarter compared with the 78 million-ton average estimate among analysts tracked by Bloomberg. The result was still up from both the previous three months and the Covid-impacted year-ago period.

Vale’s ongoing recovery from an early-2019 dam disaster makes it a major swing factor in a market in which demand remains strong despite China’s efforts to curb emissions and contain commodity inflation. Vale’s ability and willingness to expand and take back the No. 1 producer title it lost to Rio Tinto Group will help determine whether the market moves back into surplus. Rio Tinto has said suppliers are struggling to meet demand.

While Vale is resolving a rail interruption at one of its complexes in southern Brazil, production was held back by disruptions cause by the installation of a crusher plant at its S11D complex in the country’s north. The Rio de Janeiro-based also said it had pushed back resumption dates at other operations due to slower-than-expected permitting and extra work to increase dam safety.

Vale’s ramp-up took a hit in early June when it was ordered to restrict operations at its Timbopeba complex amid concerns surrounding the stability of another dam. In the first quarter, the partial resumption of Timbopeba had helped push up Vale’s output.

Still, Timbopeba delivered a better performance thanks to the commissioning of the three additional wet-processing lines in March. The company said a driver-less train solution at the complex is performing well.

In Monday’s production report, Vale maintained its full-year guidance of 315 million to 335 million tons and said it achieved annual output capacity of 330 million tons. The company expects to reach 350 million tons capacity by year-end and 400 million tons by the end of 2022.

Still, quarterly iron ore sales lagged output, coming in at 67.2 million tons. Rio Tinto said last week that its shipments fell 2% on the previous quarter and flagged annual exports could come in at the low end of its forecast, partly because of rainier-than-normal weather. BHP Group reported a 12% increase in quarterly shipments.

Vale is also one of the world’s largest nickel producers and a major copper supplier. Production of both metals fell in the second quarter and Vale said it’s reviewing annual guidance amid a strike at one of its complexes in Canada.

The Brazilian miner is set to release earnings on July 28.

(Updates with iron sales and nickel production)

More stories like this are available on bloomberg.com

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ROUYN-NORANDA, Quebec, July 19, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has optioned the 77-hectare, Eagle Gold Mine property located in Joutel township, Quebec to Maple Gold Mines Ltd.

Under the agreement, Maple has the option to pay $1,200,000, half in cash and half in shares, over a 5-year period to Globex and undertake $1,200,000 in exploration over 4 years in order to earn 100% interest in the Eagle Gold Mine property. The terms of the option are the following:

Globex will retain a 2.5% Gross Metal Royalty (GMR) of which 1% GMR may be purchased by Maple prior to commercial production for $1,500,000.

The Eagle Gold Mine adjoins the historic Telbel Gold Mine which together are reported to have produced 6,168,773 t grading 6.57 g/t Au. Historical resources at the Eagle Mine property are estimated at 277,710 t grading 5.83 g/t Au. (Source: SIGÉOM –Cogite number: 32E/08-0005).

Globex continues to hold a large package of claims in Joutel and adjoining Valrennes townships including the historic copper/zinc Poirier Mine which has reported production of 4,670,000 T grading 2.22% Cu and 748,000 T grading 5.58% Zn. A historical resource of 1,400,863 T grading 1.24% Cu and 9.77% Zn in the West and Q Zones, 300,000 T grading 8.05% Zn in the East lens and 534,000 T grading 2.5% Cu in the Main Zone are reported in a 1990 report by Bharti Engineering Associates Inc.

In addition, Globex owns the Joutel Copper Mine which produced 1,167,000 t grading 2.16% Cu between 1967 and 1975 and 372,400 t grading 8.88% Zn from 1972 and 1975 (Source: Dubé, 1993 – ET-90-12). In 1994, Aur Resources Inc. estimated a historic resource of 242,800 t grading 10.37% Zn (Source: Martin and Britt, 1994 – internal report, project # 16706). Globex also owns the Eagle Northwest property consisting of 11 kilometres of the Eagle /Telbel gold localizing horizon extending northwest from just beyond the Eagle Mine, and the historic Gagné mineralized area, located south of the Eagle Northwest property, where trench samples are reported to have returned 0.79 oz./t Au over 5 feet (27.09 g/t Au over 1.52 m), 0.44 oz./t Au over 5 feet (15.09 g/t Au over 1.52 m) and 0.52 oz./t Au over 5 feet (15.09 g/t Au over 1.52 m) (Source: Parent, 1981 – GM37949), and finally the Joutel P5 mineral occurrence where drill hole KR-96-08 returned a 2.21 metre intersection grading 7.86% Cu, 72.2 g/t Ag and 0.31 g/t Au (Source: Caillé, 1996 – GM54483).

The resources described above are historical and should not be relied upon. A qualified person has not done sufficient work for Globex to classify the historical estimates as current mineral resource under National Instrument 43-101 and CIM Standards for mineral resources and reserves.

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements.” These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.

For Immediate Release

Chicago, IL – July 19, 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, Materion Corp. MTRN, Tronox Holdings plc TROX, MP Materials Corp. MP and Freeport-McMoRan Inc. FCX.

Here are highlights from Friday’s Analyst Blog:

U.S. Bulks Up Rare Earth Production: 5 Stocks to Track

According to the U.S. Geological Survey, China was responsible for 80% of rare earth imports in 2019. While the pandemic caused disruptions in the supply chain and exports fell short last year, China’s dominance over the rare earth market cannot be denied. After all, the country currently holds about 70% of the world’s known rare earth reserves.

The group of 17 elements is used in electric vehicles (EV), batteries, renewable energy systems and a wide range of electric appliances, ranging from smartphones, display panels, speakers, televisions and more. Cerium and neodymium are commonly used in smartphones, flat-screen TVs and LED lights as well as in F-35 fighter jets and missiles, radar and lasers by the U.S. Department of Defense. Elements like lanthanum are used in oil refining.

America is making an effort in upping its game in rare earth element production as several big trends are at play. President Joe Biden’s administration has massive investments planned in climate change technology, and rare earth elements are essential to this change. However, as the name suggests, these elements are not widely available, and extracting, processing and refining these elements entail several political and environmental issues.

Recently, Lynas Rare Earths Limited (LYSCF) received a $30-million grant from the U.S. government to open a new processing facility with Blue Line. The plant is one of the many rare earth production plants that Biden hopes to open in order to boost production and reduce reliance on China for the elements.

On Jul 13, the Senate Democrats reached an agreement on a $3.5-trillion budget plan that encompasses an expansion in Medicare, fund climate change initiatives and fulfill other parts of Biden’s economic agenda. The Democrats hope to pass this budget plan on top of a bipartisan infrastructure bill, which will surely aid the rare earth mining space.

As Biden plans to boost the EV market, supply-chain vulnerabilities might pose hindrances. In February, Biden ordered a federal review analysis of supply-chain vulnerabilities to make better investments in mines abroad and boost refining.

To address issues on groundwater and air pollution, as rare earth mining creates radioactive waste byproducts, the White House holds up an Initiative for Responsible Mining Assurance as a model for the mining industry. This model includes mining companies, unions and groups of advocates, and plans to create environmental and human rights principles for this industry.

In fact, it emphasizes getting prior and informed consent from Indigenous communities and local residents before mineral processing operations. Additionally, mining and processing companies have to arrange for the permanent disposal of toxic waste and build waste treatment facilities.

5 Stocks to Keep an Eye On

It may take America time to lower its reliance on China for rare earth elements but the new government funding will boost production which open up investment opportunities that investors should watch out for. Per a Valuates.com report, the global rare earth elements market size is projected to reach $3757.7 million by 2026, up from $2664.5 million in 2020, at a CAGR of 5.9%.

BHP Group engages in the exploration, development, and production of oil and gas properties, and also engages in mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. The company's expected earnings growth rate for the current year is more than 100% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%.

The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.7% upward over the past 60 days. BHP Group currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Materion Corp produces PVD rare earth elements for modern technologies and supports most major OEM thin film deposition platforms. The company's expected earnings growth rate for the ongoing year is 57.1% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%.

The Zacks Consensus Estimate for the company’s current-year earnings has been revised nearly 1% upward over the past 60 days. Materion holds a Zacks Rank #2 (Buy), at present.

Tronox operates titanium-bearing mineral sand mines, and beneficiation and smelting operations. The company's expected earnings growth rate for the current year is more than 100% compared with the Zacks Chemical – Diversified industry’s projected earnings growth of 27.6%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 6.7% upward over the past 60 days. Tronox presently carries a Zacks Rank #3 (Hold).

MP Materials engages in the ownership and operation of integrated rare-earth mining and processing facilities. This Zacks Rank #3 company's expected earnings growth rate for 2021 is 81.5% compared with the Zacks Mining – Miscellaneous industry’s projected earnings growth of 18.9%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised nearly 29% upward over the past 90 days.

Freeport-McMoRan engages in the mining of mineral properties. This Zacks Rank #3 company's estimated earnings growth rate for the ongoing year is more than 100% against the Zacks Mining – Non Ferrous industry’s projected earnings decline of 1.3%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 10.2% upward over the past 60 days.

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Zacks Investment Research

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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.

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Newmont Corporation’s NEM board recently approved the advancement of the Ahafo North Project to the execution stage. The project, exceeding the required internal rate of return (“IRR”), will be bringing profitable production from the best un-mined gold deposit in West Africa.

The Ahafo North Project includes four open-pit mines and the setting up of a stand-alone mill. The construction is expected to complete in the second half of 2023. At the current gold prices, production from the mine is expected to deliver more than 30% IRR.

It will also lead to the creation of approximately 1,800 jobs, with more than 550 permanent roles. The company aims to focus on the key aspect of achieving gender parity in the workforce after the commencement of operations.

There have been considerable engagements with traditional leaders, local and regional government agencies and also public stakeholder engagement meetings by the company. Stakeholders have backed the project’s infrastructure plans and permits necessary to begin construction.

The company remains dedicated to maintaining its stakeholder interaction by providing regular updates as the project proceeds. This will strengthen its social acceptance.

The full scope of funding will be deployed to high-impact activities, including but not limited to tasks like finalizing engineering and EPCM services, relocating of the national highway and support of additional resettlement activities, constructing and commissioning a 3.7-million-ton per annum plant, constructing a Tailings and Wastewater Management Storage Facility, and long-lead sourcing including the acquisition of 14 CAT 770 haul trucks.

Newmont noted that the project will expand its existing footprint in Ghana and add more than three million ounces of gold production over the initial 13-year mine life. It is committed to sustainably develop and operate the project to add value to its stakeholders.

Shares of Newmont have declined 3.8% over a year against the industry’s rise of 26%. Its earnings growth rate for the current year is pegged at 25.6%.

Image Source: Zacks Investment Research

In its first-quarter earnings call, the company said that it expects attributable gold production of 6.5 million ounces, gold cost applicable to sales (CAS) to be $750 per ounce and all-in sustaining costs (AISC) to be $970 per ounce. It also foresees an increase in gold production and is undertaking investments in its operating assets and other growth prospects.

Newmont Corporation Price and Consensus

Newmont Corporation price-consensus-chart | Newmont Corporation Quote

Zacks Rank & Stocks to Consider

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

Better-ranked stocks in the basic materials space include Glencore PLC GLNCY and Rio Tinto Group RIO, both sporting a Zacks Rank #1 (Strong Buy), and BHP Group BHP, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Glencore has a projected earnings growth rate of 296.7% for the current year. The company’s shares have appreciated 82.9% over a year.

Rio Tinto has a projected earnings growth rate of 124.3% for the current year. The company’s shares have grown 32.6% over a year.

BHP has a projected earnings growth rate of 192.5% for the current year. The company’s shares have gained 38.8% over a year.

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These are the materials stocks with the best value, fastest growth, and most momentum for August 2021.

There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, Minbos Resources (ASX:MNB) has seen its share price rise 320% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

In light of its strong share price run, we think now is a good time to investigate how risky Minbos Resources' cash burn is. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

View our latest analysis for Minbos Resources

When Might Minbos Resources Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In December 2020, Minbos Resources had AU$1.7m in cash, and was debt-free. Looking at the last year, the company burnt through AU$2.0m. So it had a cash runway of approximately 10 months from December 2020. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. You can see how its cash balance has changed over time in the image below.

How Is Minbos Resources' Cash Burn Changing Over Time?

Because Minbos Resources isn't currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Over the last year its cash burn actually increased by a very significant 72%. Oftentimes, increased cash burn simply means a company is accelerating its business development, but one should always be mindful that this causes the cash runway to shrink. Admittedly, we're a bit cautious of Minbos Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Hard Would It Be For Minbos Resources To Raise More Cash For Growth?

Given its cash burn trajectory, Minbos Resources shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Since it has a market capitalisation of AU$39m, Minbos Resources' AU$2.0m in cash burn equates to about 5.2% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

How Risky Is Minbos Resources' Cash Burn Situation?

On this analysis of Minbos Resources' cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. We don't think its cash burn is particularly problematic, but after considering the range of factors in this article, we do think shareholders should be monitoring how it changes over time. Taking a deeper dive, we've spotted 5 warning signs for Minbos Resources you should be aware of, and 3 of them are concerning.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

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.

How far off is Petra Diamonds Limited (LON:PDL) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example!

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

See our latest analysis for Petra Diamonds

The method

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$289m

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (0.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 12%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$39m× (1 + 0.9%) ÷ (12%– 0.9%) = US$372m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$372m÷ ( 1 + 12%)¹⁰= US$125m

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$414m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of UK£0.02, the company appears quite good value at a 49% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

Important assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Petra Diamonds as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 12%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Next Steps:

Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. What is the reason for the share price sitting below the intrinsic value? For Petra Diamonds, there are three relevant factors you should explore:

1. Risks: Take risks, for example – Petra Diamonds has 1 warning sign we think you should be aware of.

2. Future Earnings: How does PDL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. Simply Wall St updates its DCF calculation for every British stock every day, so if you want to find the intrinsic value of any other stock just search here.

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.

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

VANCOUVER, British Columbia, July 19, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) is pleased to announce that on July 14, 2021 Ranchero Gold Corp. (“Ranchero”) closed its previously announced brokered and non-brokered private placement (the “Concurrent Financing”) pursuant to which Ranchero issued an aggregate of 9,107,068 subscription receipts (each, a “Subscription Receipt”) at a purchase price of $0.55 per Subscription Receipt for aggregate gross proceeds of $5,008,887.

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

Each Subscription Receipt entitles the holder thereof to automatically receive, upon satisfaction of certain escrow release conditions, one Ranchero Share, which shall immediately be exchanged for one Resulting Issuer Share upon completion of the Transaction. The resulting issuer of the Transaction (the “Resulting Issuer”) intends to use the proceeds of the Concurrent Financing for exploration and development of its properties in Mexico and for working capital and general corporate purposes.

Haywood Securities Inc. (the “Agent”) acted as the agent and bookrunner to locate purchasers in the Concurrent Financing on a best-efforts agency basis. In consideration for the services performed by the Agent in connection with the Concurrent Financing, Ranchero has paid a cash fee of $5,720.08 (50% of which is held in escrow and will be released upon satisfaction of certain escrow release conditions) and issued 10,400 broker warrants (each, a “Broker Warrant”) to the Agent. Ranchero also engaged certain finders to locate purchasers to participate in the Concurrent Financing and in consideration for their services paid an aggregate cash fee of $186,486 and issued an aggregate of 308,693 finder warrants (each, a “Finder Warrant”). Each Broker Warrant and Finder Warrant will be exchanged for one warrant of the Resulting Issuer on completion of the Transaction, which will entitle the holder thereof to acquire one Resulting Issuer Share at an exercise price of $0.55 per Resulting Issuer Share for a period of 24 months from the closing of the Transaction.

The gross proceeds of the Concurrent Financing less certain deductions and 50% of the cash fee payable to the Agent, applicable taxes and expenses of the Agent incurred in connection with the Concurrent Financing are held in escrow by TSX Trust Company, the subscription receipt agent, in accordance with the terms of a subscription receipt agreement dated July 14, 2021 between TSX Trust Company, Ranchero and the Agent, and the remaining portion of the cash fee payable to the Agent and the balance of the gross proceeds will be released to the Agent and Ranchero, respectively, upon the satisfaction of certain escrow release conditions in connection with the Transaction.

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

Furthermore, the Company announces that Mr. George Lloyd has today resigned from the board of directors of the Company to pursue other opportunities. The Company thanks Mr. Lloyd for his valuable contributions and wishes him every success in his future endeavors.

On behalf of the board of directors of the Company:

Martyn Buttenshaw
Interim Chief Executive Officer

For further information, please contact:

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

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

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

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

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

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

Cautionary Note Regarding Forward Looking Statements

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

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

• Underground mapping and sampling of historic workings has highlighted the geometry of the mineralized zones.

• Detailed structural mapping has highlighted important features to aid targeting.

• Drilling to start by the end of July.

Vancouver, British Columbia–(Newsfile Corp. – July 19, 2021) – Mountain Boy Minerals Ltd. (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") announces that detailed structural mapping as well as underground mapping and sampling on the American Creek project is underway. Drilling is anticipated to begin before month-end.

The American Creek Project is a 2,600 hectare property centered on the past-producing Mountain Boy silver (MB-Ag) mine, located 20 kilometres north of Stewart in BC's Golden Triangle.

Detailed structural mapping has concentrated around the mineralized showings on the American Creek project, including the High-Grade Zone. Results from this mapping suggests that the High-Grade Zone mineralization is related to an interpreted shallow westward dipping thrust fault and east west steeply dipping cross-cutting structures. It is postulated that the best mineralization occurs at the intersection of these two structures and future drilling will test this hypothesis.

Geologists have been working with a mountain guide mapping the cliffs around the MB-Ag mine. This has resulted in the discovery of several new mineralized showings to the north. The mineralization appears to be within the same stratigraphic horizon as the High-Grade Zone and is cut by similar steeply dipping cross structures. Several samples have been collected from the new showings and assays are pending.

A mining shift boss has been hired to evaluate and monitor the condition and safety of the underground workings and geologists are currently mapping and sampling several adits. There are 720 metres of underground workings and access will provide the opportunity to analyze the controlling structures, host lithologies and mineralization in three dimensions prior to drilling.

The upcoming drill program is targeting four areas; the High-Grade zone, the newly discovered extension of the High-Grade zone, the Four Bees zone and the Maybee zone to the north. Drilling of the High-Grade zone will be at a different azimuth with the intention of testing the intersection of the shallow westward dipping thrust fault and the east-west cutting cross structures.

Telegraph Project

The first phase of a field program was carried out on the Company's Telegraph project. Field crews conducted mapping and sampling and also examined the 2014 drill core. Mountain Boy's Telegraph project now has a compiled and digitized data set of historic work and a newly acquired fine resolution satellite orthophoto, both of which help with mapping structural and geochemical trends.

Mountain Boy is collaborating with the Geological Survey of Canada, the British Columbia Geological Survey and the Mineral Deposit Research Unit at the University of British Columbia in an upcoming research program. The research is part of the, "Targeted Geoscience Initiative," a program that is fully funded until 2025 and focused on critical elements, including copper (https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/critical-minerals/23414). Additional samples from drill core were taken to be analyzed by short wave infrared radiation (SWIR) at MDRU. This analysis will help in the evaluation of the alteration assemblage of the drill core and with vectoring for future potential drilling.

Lucia Theny, Vice President Exploration, commented: "I am very excited to collaborate with the GSC, BCGS and MDRU as their expertise and advanced analytical methods will be tremendously helpful for the next stage of exploration on the project."

About Mountain Boy Minerals

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

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

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

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

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

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

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

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

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

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Nancy Curry
VP Corporate Development
(604) 220-2971

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90503

St. Paul, Minnesota–(Newsfile Corp. – July 19, 2021) – Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) (together PolyMet or the company), issued the following statement regarding today's Minnesota Court of Appeals decision remanding the Company's air permit to the Minnesota Pollution Control Agency for additional explanation supporting its permitting decision.

While disappointed in the court's decision, we stand firmly in our belief that the Minnesota Pollution Control Agency appropriately accounted for the potential effects of the NorthMet Project and will expeditiously provide the supporting explanation requested by the court.

The facts and science that prove the project can meet air quality standards are not in doubt. Copper, nickel, palladium and cobalt are high demand metals for infrastructure projects and the production of electric vehicles and renewable and clean energy technologies including solar panels, wind turbines and batteries. These mineral resources need to be mined to support future clean energy and electric mobility technologies consistent with the priorities of the Biden Administration and as outlined in a June 2021 White House report on vulnerabilities within essential supply chains. Critical minerals such as those PolyMet will produce and large capacity batteries were two of the vulnerabilities identified in the 250-page report.

* * * * *

About PolyMet

PolyMet is a mine development company that owns 100% of the NorthMet Project, the first large-scale project to have received permits within the Duluth Complex in northeastern Minnesota, one of the world's major, undeveloped mining regions. NorthMet has significant proven and probable reserves of copper, nickel and palladium – metals vital to global carbon reduction efforts – in addition to marketable reserves of cobalt, platinum and gold. When operational, NorthMet will become one of the leading producers of nickel, palladium and cobalt in the U.S., providing a much needed, responsibly mined source of these critical and essential metals.

Located in the Mesabi Iron Range, the project will provide economic diversity while leveraging the region's established supplier network and skilled workforce, and generate a level of activity that will have a significant effect in the local economy. For more information: www.polymetmining.com.

For further information, please contact:

Media
Bruce Richardson, Corporate Communications
Tel: +1 (651) 389-4111
brichardson@polymetmining.com

Investor Relations
Tony Gikas, Investor Relations
Tel: +1 (651) 389-4110
investorrelations@polymetmining.com

PolyMet Disclosures

This news release contains certain forward-looking statements concerning anticipated developments in PolyMet's operations in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding the ability to receive environmental and operating permits, job creation, and the effect on the local economy, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.

PolyMet's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations and opinions should change.

Specific reference is made to risk factors and other considerations underlying forward-looking statements discussed in PolyMet's most recent Annual Report on Form 40-F for the fiscal year ended December 31, 2020, and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission.

The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.

No regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90639

Freeport-McMoRan Inc. FCX is set to release second-quarter 2021 results on before the opening bell on Jul 22.

The mining giant’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, while missed once and were in-line on the other occasion. It has a trailing four-quarter earnings surprise of roughly 54.6%, on average. Freeport’s second-quarter results are likely to reflect the benefits of higher copper prices and lower costs.

The stock has rallied 147.2% in the past year compared with the industry’s 78.6% rise.

Image Source: Zacks Investment Research

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

Zacks Model

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

Earnings ESP: Earnings ESP for Freeport is +0.41%. The Zacks Consensus Estimate for earnings for the second quarter is currently pegged at 73 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Freeport currently carries a Zacks Rank #3.

What do the Estimates Indicate?

For the second quarter, Freeport expects sales volumes to be 975 million pounds of copper, 330,000 ounces of gold and 21 million pounds of molybdenum.

The Zacks Consensus Estimate for Freeport’s second-quarter consolidated revenues is currently pegged at $5,827 million, which suggests a year-over-year rise of 90.8%.

The Zacks Consensus Estimate for second-quarter consolidated net cash costs per pound of copper is currently pegged at $1.38, which calls for 6.1% fall on a year-over-year basis. The same for average realized price for copper stands at $4.19 per pound, reflecting a 64.3% rise year over year.

Moreover, the consensus mark for consolidated copper sales for the second quarter is pegged at 975 million pounds, which suggests a year-over-year rise of 28.4%.

A Few Factors to Watch

Freeport is expected to have benefited from higher copper prices in the to-be-reported quarter. Copper has bounced back strongly after taking a beating in the earlier part of 2020 as the coronavirus pandemic ravaged the global economy. The widely-used industrial metal has witnessed a rally after plunging to multi-year lows in March 2020. The rebound has been backed by expectations of an economic recovery, supply chain disruptions associated with the pandemic, a recovery in industrial activities and a surge in demand from top consumer China. Notably, copper prices reached an all-time high of $4.90 per pound in May 2021.

The demand-supply imbalance pushed copper prices north in the June quarter and is expected to have boosted Freeport’s margins in the quarter. The company is also likely to have benefited from lower net cash costs for copper, aided by its continued focus on maintaining a low-cost position.

Higher sales volumes and lower mining costs contributed to a decline in net cash costs in the first quarter and the same is likely to have continued in the second quarter. The ramp-up of underground mining at PT Freeport Indonesia is also likely to have driven the company’s copper and gold sales volumes in the quarter to be reported.

FreeportMcMoRan Inc. Price and EPS Surprise

FreeportMcMoRan Inc. price-eps-surprise | FreeportMcMoRan Inc. Quote

Stocks That Warrant a Look

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

Dow Inc. DOW, scheduled to release earnings on Jul 22, has an Earnings ESP of +4.04% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Cabot Corporation CBT, scheduled to release earnings on Aug 9, has an Earnings ESP of +14.81% and carries a Zacks Rank #1.

Nutrien Ltd. NTR, scheduled to release earnings on Aug 9, has an Earnings ESP of +0.57% and carries a Zacks Rank #1.

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FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report

Dow Inc. (DOW) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

Nutrien Ltd. (NTR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Kamoa Copper draws down US$300 million advance payment facility available under the offtake agreements; all future Phase 1 operating costs and majority of Phase 2 capital expenditures expected to be funded from copper sales and facilities in place

Daily shipments of copper concentrate to local smelter to produce 99%-pure blister copper also continuing

Kolwezi, Democratic Republic of Congo–(Newsfile Corp. – July 19, 2021) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that Kamoa Copper SA – the operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the Government of the Democratic Republic of Congo (DRC) – has begun exporting its copper concentrate internationally. The first truckloads of copper concentrate destined for smelters outside of the DRC departed from the mine site on Saturday, July 17th, marking a significant milestone in the ongoing ramp-up of Kamoa-Kakula's Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant.

Kamoa-Kakula's copper concentrate for export is being transported in bags, with each bag containing approximately two tonnes of concentrate. The bags are independently weighed, sampled and sealed in the presence of representatives from the DRC's Directorate General of Customs and Excise (DGDA), then loaded onto transport trucks. Once loaded, the trucks are weighed, sealed and parked in a dedicated holding area at Kamoa-Kakula awaiting inspection and export clearance from the DGDA. The customs approval process typically takes approximately five days. Once export clearance is received, the trucks may exit the DRC and proceed on their journey to the port of Durban, South Africa.

Kamoa Copper began producing copper concentrate on May 25, 2021, and made its first delivery of bulk concentrates to the nearby Lualaba Copper Smelter, outside of Kolwezi, on June 1, 2021. Since then, deliveries of bulk concentrate from Kamoa-Kakula to the Lualaba Copper Smelter have been occurring on a daily basis. The first truckloads of Kamoa-Kakula's blister copper ingots, containing approximately 99% copper, are scheduled to be exported from the Lualaba Copper Smelter to international markets this week.

Kamoa Copper received all necessary authorizations from the DRC government to export copper concentrate and blister copper on June 8, 2021. The mine is on track to produce between 80,000 and 95,000 tonnes of contained copper in concentrate in 2021.

In June 2021, Kamoa Copper elected to draw the US$300 million advance payment facility available under the offtake agreements. The Kamoa Holding joint venture had cash and cash equivalents on hand of approximately US$288 million as at June 30, 2021. Going forward, all Phase 1 operating costs and the majority of Phase 2 capital expenditures are expected to be funded from copper sales and facilities in place at Kamoa. Ivanhoe's proportionate funding of Kamoa-Kakula's Phase 2 construction capital costs for the remainder of 2021 is expected to be only US$85 million.

Marna Cloete, Ivanhoe Mines' President and CFO, commented: "As Kamoa-Kakula's Phase 1 concentrator plant ramps up toward steady-state production, the mine now is producing more concentrate than the nearby Lualaba Copper Smelter can process. As such, Kamoa-Kakula has begun exporting its ultra-high-grade copper concentrates to international smelters, converting the rich copper resources hidden beneath the Kalahari sands into long-lasting and meaningful benefits for all Congolese people."

Kakula is projected to be the world's highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa, ramping up to 7.6 Mtpa in Q3 2022. Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, and phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year. Based on independent benchmarking, the project's phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world's second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.

A 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).

Members of Kamoa Copper's operations team celebrate the loading of the first transport truck with bags of ultra-high-grade copper concentrates.

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Trucks loaded with bags of copper concentrate at the Kamoa-Kakula mine site awaiting customs clearance.

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Leonine Kashala Tshikuta (left) and Jean Nkulu Madua at Kamoa-Kakula's concentrate bagging plant.

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The first bags of Kamoa-Kakula copper concentrate being loaded for export. Each bag contains approximately two tonnes of concentrate.

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Dean-Bernard Shilunda, Concentrator Logistics Manager, at the concentrate bagging plant.

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Bags of concentrate for export being loaded with the spreader-beam and crane.

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Loading bulk copper concentrate for delivery to the nearby Lualaba Copper Smelter to produce blister copper ingots, containing approximately 99% copper.

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Qualified Persons

Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is the Head of the Kamoa Project. Mr. Amos has verified the technical data disclosed in this news release.

Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company's website and under the company's SEDAR profile at www.sedar.com:

• Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.

The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Kamoa-Kakula began producing copper in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine when large-scale electric, hydrogen and hybrid underground mining equipment become commercially available. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

Forward-looking statements to be updated

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.

Such statements include without limitation, the timing and results of: (i) statements regarding the ultra-high-grade, clean concentrate produced by Kamoa-Kakula is expected to contain approximately 57% copper and very low levels of impurities; (ii) statements regarding Ivanhoe's guidance for contained copper in concentrate expected to be produced by the Kamoa-Kakula Project for the balance of 2021 of 80,000 to 95,000 tonnes; (iii) statements regarding Kakula is projected to be the world's highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa, ramping up to 7.6 Mtpa in Q3 2022; (iv) statements regarding Kamoa-Kakula's Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, and phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year; (v) statements regarding that, based on independent benchmarking, the project's phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world's second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; (vi) statements regarding that based on a 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd., the Kamoa-Kakula Project will be among the world's lowest greenhouse gas emitters per unit of copper produced; (vii) statements regarding Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced; (viii) statements regarding the first truckloads of Kamoa-Kakula's blister copper ingots are expected to be exported from the Lualaba Copper Smelter this week; and (ix) statements regarding going forward, all Phase 1 operating costs and the majority of Phase 2 capital expenditures are expected to be funded from copper sales and facilities in place at Kamoa. Ivanhoe's proportionate funding of Kamoa-Kakula's Phase 2 construction capital costs for the remainder of 2021 is expected to be only US$85 million.

As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements or information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project scope or design; and (xvii) political factors.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under "Risk Factors", and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

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

The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the "Risk Factors" section in the company's 2021 Q1 MD&A and its current annual information form.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90590

• The second drill hole, GD21-002 (planned 350 meters in length, 050°/-55°) intersected 23 meters* of quartz-sulphide veining and breccia, enveloping 5.6 meters* and 0.7 meters* of intense quartz-sulphide vein breccias (link to images).

• The upper 5.6 meters* vein breccia contains >80% quartz, pyrrhotite (magnetic iron sulphide), sphalerite (zinc sulphide), galena (lead sulphide), chalcopyrite (copper sulphide) and bornite (enriched copper sulphide) and is very similar in appearance to the upper vein intercept of GD21-002 (link to images).

• The second 0.7 meters* vein breccia essentially consists of white quartz with abundant dendritic black material, possibly native silver, based on Goliath’s Portable XRF spot counts** returned over 5,000 g/t Ag (link to images).

• The upper intercept of quartz-sulphide veining in GD21-002 is located approximately 25 meters north of the GD21-001 intersection and some 35 meters below surface of the southernmost Cliff Showing, where a 2019, angular fresh float grab sample returned 967.99 g/t Gold Equivalent or AuEq (29.72 oz/t Gold, 97.19 oz/t Silver) (link to image). The occurrence remains open in all directions.

• GD21-002 will also target an inferred second splay ~200 m to the east, from which 2019 and 2020 grab samples returned up to 115.86 g/t AuEq.

• The quartz-sulphide intercept in GD21-002 is located 85 meters along strike to the south of the Lower Waterfall Showing, where a 2020 channel sampling yielded 13.05 g/t AuEq over 15.1 meters. GD21-001 is 110 meters south of the Lower Waterfall Showing.

• Drill core from both GD21-001 and GD21-002 were sent to the ALS laboratory facility in North Vancouver for assaying.

• A third hole (GD21-003) from the same drill pad as GD21-001 and -002, will be drilled to the southwest to a depth of 150 meters to constrain the geometry (true width and orientation) of the quartz-sulphide veining at the Cliff Showing midway between both previous drill holes approx. 30 meters down-dip, and also to collect a bulk sample for metallurgical work.

• Additional fan drilling is also planned for the adjacent Lower and Upper Waterfall, Main, Central and North Rubble Showings of the Surebet Zone.

• Up to 5000 meters of drilling are planned and will target the extensive high grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; it only indicates the presence of Silver in the drill core. Assay results are pending.

TORONTO, July 19, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a significant quartz-sulphides intercept from the second drill hole, GD21-002, on the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”). The campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to a down dip depth over 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on 2020 channel sampling. Surebet also has 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Project is in a mining friendly jurisdiction in a world class geological setting near Stewart B.C. in the Golden Triangle. Both the Homestake Ridge Deposit (Fury Gold Mines) and Dolly Varden Silver Mine (Dolly Varden Silver Corp.) are in close proximity.

Dr. Quinton Hennigh, technical advisor to Goliath commented: “This second hole confirms observations from the first hole. The Surebet Zone appears to display significant width, comprised of intense quartz-sulphide vein breccias and stockwork. We are starting the drill program near the southern end of exposure. Further to the south, it remains open but is covered by talus. Once done with the third hole from this pad, we will move systematically northward to fan drill the zone along nearly 1 km strike. This will provide a definitive picture of the continuity and consistency of this robust zone. We then plan to test the zone down dip for further confirmation. We look forward to watching how this exciting new discovery develops.”

“We are extremely thrilled that our 2021 maiden drill campaign continues to be producing outstanding intersections of highly mineralized drill core”, stated Roger Rosmus, Founder & CEO, “The Cliff Showing is currently being drilled, and we believe this may be the origin of a fresh angular float sample recovered in 2019 that assayed 967.99 g/t AuEq or 29.72 ounces per tonne Gold and 97.19 ounces per tonne Silver”.

GD21-002 (planned 350 meters, 050°/-55°) is being drilled at the Cliff Showing and on the same drill pad as GD21-001, but with a northeast orientation. GD21-002 targeted 90° counter-clockwise of GD21-001 to maximize the intersected span on the quartz-sulphide intervals (approx. 30 meters). The hole was also planned to drill north of two 2018-2019 grab samples (9.03 & 115.86 g/t AuEq) with semi-massive galena associated with a 10 cm wide easternmost splay (NNW-trending inferred) at a depth of app. 350 meters in downhole length.

Veins of the common sulphide assemblage are present from 29.0 to 52.0 meters* for a total of 23.0 meters, enveloping intense quartz-sulphide vein breccias from 31.4 to 37.0 meters* and 40.0 to 40.7 meters*:

• The upper vein breccia, from 31.4 to 37.0 meters*, contains >80% quartz, pyrrhotite (magnetic iron sulphide), sphalerite (zinc sulphide), galena (lead sulphide), chalcopyrite (copper sulphide) and bornite (enriched copper sulphide), very similar in appearance to upper vein intercept of GD21-001;

• The second vein breccia, from 40.0 to 40.7 meters* consists predominantly of white quartz with abundant dendritic black material, which based on Goliath’s Portable XRF* spot counts returning over 5,000 g/t Ag, which may be ?native silver?

• Link to images (Click Here).

Both GD21-001 and GD21-002 undercut an area approximately 35 meters below surface of the southernmost Cliff Showing; GD21-002 intersected mineralization approximately 25 meters north of the former. The Cliff Showing previously yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

Previous drill hole GD21-001 (138 meters in length, 140°/-70°) cut 57.5 meters* of quartz-sulphide veins bound by two distinct and significant multi-meter quartz-sulphides stockwork breccias. The 3.4 meters* upper vein contained visually identified 10% centimeter-scale banded, clustered and disseminated sulphides, including (in decreasing order) iron sulphides as pyrrhotite, zinc sulphides as sphalerite, lead sulphides as galena and copper sulphides as chalcopyrite; followed by 8.9 meters* of strong 40-50% vein stockwork of similar composition as the upper vein. The 11.4 meters* lower vein showed similar brecciation and sulphide assemblages as the upper vein. The host sediments contained 1 to 2% disseminated and stringer pyrrhotite with local enrichments of up to 5% (link to images).

The third hole on the Surebet Zone, GD21-003 (targeted length of 150 meters, 220°/-70°), is being drilled to the southwest from the same drill pad as the first two holes in order to constrain the geometry (true width and orientation) of the quartz-sulphides veining at the Cliff Showing midway between the two previous drill holes and approximately 15 meters down-dip, and also to collect a bulk sample for metallurgical work.

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

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; it only indicates the presence of Silver in the drill core. Assay results are pending.

QA-QC Protocols

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

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

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

Golddigger Property

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

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

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

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

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

Qualified Person

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

About Goliath Resources Limited

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

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

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

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

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

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

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

VANCOUVER, BC, July 19, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Jervois Mining Limited

TSX-Venture Symbol: JRV

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 7:45 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/July2021/19/c5422.html

– Infinite Ore to Refocus on Jackpot Lithium Project –

VANCOUVER, BC / ACCESSWIRE / July 19, 2021 / Infinite Ore Corp. (the "Company" or "Infinite") (TSXV:ILI)(OTCQB:ARXRF) announced today that it has entered into a non-binding Letter of Intent ("LOI") with Trillium Gold Mines Inc. (TSXV:TGM) ("Trillium") whereby Trillium will acquire, subject to certain terms and conditions, all of Infinite's property holdings known as the Eastern Vision Project located in the Confederation Lake assemblage of the Birch-Uchi greenstone belt near Red Lake, Ontario (the "Proposed Transaction").

Under the Proposed Transaction upon signing of a definitive agreement Trillium would issue 4,000,000 common shares of Trillium and pay $175,000 in cash to Infinite. In addition, Trillium would assume all of Infinite's cash payment commitments under its existing option agreements. Infinite would retain its share issuance obligations. The Eastern Vision project covers 19,438 hectares between the Fredart, Garnet Lake, Confederation North, and Confederation South properties.

J.C. St-Amour, President of Infinite Ore, commented, "The Proposed Transaction will give Infinite exposure to a larger consolidated land package extending greater than 100 km in length in the Red Lake area as well as allow us to focus our exploration efforts on our 100% owned Jackpot Lithium project, located near Thunder Bay, Ontario. This project is proximal to Rock Tech Lithium's Georgia Lake lithium project. Rock Tech's intention to build a lithium processing facility in the area considerably changes the dynamics of the Jackpot project. That, coupled with the renewed market interest and growing demand for lithium, has compelled us to redouble our exploration on Jackpot. Keeping our capital structure in mind, today's proposed transaction would allow us to explore the potential of Jackpot without further shareholder dilution and still enable us to participate in the upside of Trillium's work in the Red Lake Mining District."

The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is situated approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property contains known lithium bearing pegmatite showings, including two that contain historical resources of 2 million tons at 1.09% Li₂O and 750,000 tons at 1.38% Li₂O*. The Company recently completed a magnetic survey on Jackpot to identify structures on the property that would assist in locating high priority lithium targets for future drilling to add to the existing historical resources.

Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

*The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.
Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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

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

SOURCE: Infinite Ore Corp.

View source version on accesswire.com:
https://www.accesswire.com/655997/Infinite-Ore-Signs-Loi-With-Trillium-Gold-to-Sell-Interest-in-Eastern-Vision-Project-in-Red-Lake

Figure 1

2021 Drill Holes Completed

TORONTO, July 19, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report on drill progress at the Wawa Gold Project, including the discovery of new mineralized zones, extension of the Minto Mine South deposit and additional evidence of the continuity of the Surluga resource down plunge.

Highlights of the 2021 drilling program (Tables 1 and 2, Figure 1)

• Discovery of a new mineralized structure near the Surluga Mine Shaft containing 3.31 g/t gold over 4.91 metres including 14.70 g/t gold over 1 metre.

• Discovery of a shear zone with networks of mineralized veins above the Surluga Deposit containing 3.99 g/t gold over 4.00 metres including 12.80 g/t gold over 1.00 metre.

• Discovery of a down-dip extension of the Minto Mine South vein in SD-21-297A 75 metres down-dip of its last know location (assays are pending).

• Successful intersection of the Jubilee Shear Zone in SD-21-296A and SD-21-297A showing the continuity of the structure 440 metres away from the current boundary of the resource (assays are pending).

“Following the consolidation of the Wawa Gold Project by Red Pine just over three months ago, the Company entered into an extremely competitive marketplace for drill contractors. These conditions have resulted in a longer ramp-up in drilling productivity than originally planned; however, we are pleased with the changes made by our drilling contractor to achieve expected drilling standards.

Red Pine commenced the 2021 exploration program with one drill, and we are pleased to announce that we now have three drills on site with two operating and the third awaiting confirmation of a drill crew. The Company aims to catch up on its drilling plans and be in a position to accelerate the program through 2021. These additional drills should result in a consistent flow of drilling results both from the main deposits at Surluga and Minto Mine South, and from the high priority new target areas at Darwin Grace and the Hornblende Shear once we commence the respective drilling.

The exploration team also progressed surface exploration activities on and adjacent to the recently acquired War Eagle claims, as well as on the southern extension of the Grace Shear Zone. Assays remain pending from these activities.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/10049c81-3163-41cc-ae4a-40be26d80b07

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine has completed four drill holes, two of which were abandoned at shallow surface on account of too much deviation at the collar of the holes, which would have resulted in the drill holes missing their intended targets in the Jubilee Shear Zone. Two of the completed holes were testing an under-explored area of the Jubilee Stock between the Hornblende and Jubilee Shear Zone near the Surluga mine shaft. The other two drill holes were testing the down-dip extensions of the Minto Mine South and Surluga deposits. Assays remain pending for the lower part of SD-21-296A and for the entirety of SD-21-297A.

Exploratory drilling below the Surluga deposit, near the shaft and workings of the historic Surluga Mine resulted in the discovery of new zones of mineralization between the Jubilee and the Hornblende shear zones of variable width and grade content. The geometry and continuity of these zones are not constrained. Drilling in the southern extension of the Surluga deposit led to the discovery of the potential down-dip extension of the Minto E Shear Zone in which Red Pine obtained significant drilling results in 2017 that included 31.20 g/t gold over 1.02 metres in SD-17-99. Additional drilling will however be necessary to confirm the association between the zone discovered in SD-21-296A and the Minto E Shear Zone.

The Jubilee Shear Zone was successfully intersected in both holes SD-21-296A and 297A, confirming the extension of the structure 440 metres away from the current boundary of the Surluga Deposit resource. Hole SD-21-297A also discovered the extension of the Minto Mine South vein 75 metres down-dip of the current boundaries of the Minto Mine South Deposit resource.

Table 1 – Significant drilling intersections from the 2021 drilling program

Table 2 – Coordinates of the reported holes

Surface Exploration

In parallel to its diamond drilling program, Red Pine conducted a prospecting and surface mapping program on and within the surroundings of the War Eagle claims acquired in April 2021. In addition, Red Pine also prospected the southern extension of the Grace Shear Zone and other showings of the property with limited or little recent exploration work conducted.

Field mapping and prospecting on and around the War Eagle claims identified numerous shear zones with visual indicators suggesting the presence of gold mineralization. This includes quartz shear veining, pyrite and arsenopyrite mineralization, and areas of strong biotite or white micas alteration. Field mapping was also successful at confirming the southern extension of the Grace Shear Zone 125 metres along strike of the southernmost extension of the underground workings of the Darwin-Grace mine.

On-site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019.

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

This News Release 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 by law.

(Bloomberg) — Brazilian mining giant Vale SA produced less iron ore than expected last quarter in a fresh blow to an already tight global market for the steelmaking ingredient.

The world’s second-largest iron producer churned out 75.7 million metric tons in the second quarter compared with the 78 million-ton average analyst estimate. The result was still up from both the previous three months and the Covid-impacted year-ago period.

The Rio de Janeiro-based producer’s ongoing recovery from an early-2019 dam disaster makes it a major swing factor in a market in which demand remains strong despite China’s efforts to curb emissions and contain commodity inflation. Vale’s ability and willingness to expand and take back the No. 1 producer title it lost to Rio Tinto Group will help determine whether the market moves back into surplus. Rio Tinto has said suppliers are struggling to meet demand.

Vale’s ramp-up took a hit in early June when it was ordered to restrict operations at its Timbopeba complex amid concerns surrounding the stability of another dam. In the first quarter, the partial resumption of Timbopeba had helped push up Vale’s output.

Vale is scheduled to release earnings on July 28.

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