(Bloomberg) — South African stocks rose, led by companies that derive much of their income abroad and benefit from weakness in the local currency, as authorities grappled with a wave of unrest in two key provinces that has left more than 70 people dead.

The FTSE/JSE Africa All Share Index was 1.1% higher as of 10:09 a.m. in Johannesburg, with rand-hedge giants BHP Group Plc, Richemont, Anglo American Plc and Naspers Ltd. prominent in the advance after the currency slipped to its lowest level against the dollar since April.

South Africans are expected to face major food shortages, as rioters upend supply chains by looting supermarkets and torching goods trucks.

Food Shortage Set to Grip South Africa After Rioters Rampage

South Africa’s Biggest Refinery Shuts Down Due to Unrest

Negative foreign sentiment toward South African stocks was evident in the large outflows recorded Tuesday, with non-residents selling 4 billion rand ($271 million) of local equities, the most since November last year.

Globally, investors are evaluating a surprise U.S. inflation jump that stirred the debate on how long Federal Reserve policy can stay ultra-loose. The June U.S. inflation print topped all forecasts and pointed to higher costs associated with the reopening from the pandemic.

In Johannesburg Wednesday, an index of industrial miners surged 1.7% to provide the biggest boost to the overall market.

BHP +1.1% after RBC Capital Markets said the company has the potential to pay out 100% of 2021 earnings in dividends and still come in below its net debt target amid surging iron ore prices.NOTE: BHP Could Pay Out 100% of Earnings on Iron Ore Surge, RBC SaysAnglo American +1.2%, Glencore Plc +1.6%, Kumba Iron Ore Ltd. +0.7%, African Rainbow Minerals Ltd. +0.5%

Luxury goods retailer and popular rand-hedge Richemont advanced 1.2% to a record.

Global tech investor Naspers advanced 1.7% to contribute the most to the rising benchmark.

An index of banks steadied after plunging the most since December on Tuesday. The gauge was 0.7% higher, with Standard Bank Group Ltd. up 1.1%.

NOTE: Rand Hovers Near Weakest Level Since April: Inside South Africa

Real Estate Investment Trusts dropped to the lowest in two weeks, as investors avoided some sectors exposed to the unrest.

GrowthPoint Properties Ltd. -1.1%, Redefine Properties Ltd. -1.2%, Vukile Property Fund Ltd. -2.5%, Attacq Ltd. -3.7%, EPP NV -1.7%, Irongate Group -1.2%, Hyprop Investments Ltd. -0.8%, Hammerson Plc -1.3%, Resilient Reit Ltd 1.1%

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While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything.

And it could happen much sooner than most people realize, as some of the biggest names are already hopping on board.

Amazon has already started making deliveries with electric vans in Los Angeles, as they’ve agreed to purchase 100,000 vans from EV startup, Rivian.

The United States Postal Service just signed a 10-year, multi-billion dollar contract with Oshkosh Defense to produce thousands of electric mail trucks.

And United Airlines just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.

Legacy automakers are all making the shift too, rolling out their line of electric vehicles one by one.

Ford is set to double their investment in EVs to $22 billion, and they’re planning to release their electric version of the Mustang and the F-150, the most popular vehicle in the U.S.

Volkswagen is calling their 2021 electric crossover, the ID.4, “the most important new Volkswagen debut since the Beetle.”

And General Motors has even announced they’ll stop making gas-powered vehicles altogether by 2035.

Now, Biden has even announced plans to transition all government fleet vehicles to EVs.

This electric revolution has already led to monster gains for EV companies throughout 2020.

The EV van startup, Workhorse, saw gains of over 551%…

Tesla’s shares shot up a massive 740%…

And Blink Charging soared for incredible 1,740% gains last year.

Now, many investors are looking ahead for the next big thing in the EV markets.

And one Canadian company in EV related business has seen its momentum building steadily over the last year.

Facedrive (TSXV:FD,OTC:FDVRF) has been acquiring key pieces left and right, adding them to their electric ecosystem alongside their signature ridesharing service.

With these acquisitions, they’ve brought the EV boom into food delivery, car subscriptions, and more.

And now that Facedrive has announced a major government investment in their technology, their business could be set to take off in 2021.

Here are 3 reasons why you should be paying attention to Facedrive:

1 – Bringing EVs to the Gig Economy

Many of the biggest EV stories of late have come from either the automakers rolling out new models or companies working on building out the infrastructure…

But Facedrive is taking a different approach.

Instead, they’re using the cars those automakers have already made and turning them into an entire EV-related ecosystem.

So just like Uber has built their $96 billion business off leveraging cars they never manufactured, bought, or sold…

Facedrive connects customers looking to hail a ride, providing an eco-friendly solution.

Their model is simple.

When customers request a ride, they get their pick between riding to their destination in a standard gas-powered car, a hybrid or an electric vehicle (for no extra charge to them).

Then Facedrive’s algorithm crunches the numbers, setting aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.

Through next-gen technology and partnerships, they’re bringing EVs into the gig economy and making a splash.

That’s because Facedrive has also added a food delivery service, which has taken off since so many have been stuck at home during global lockdowns.

Today, they’re delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities throughout the U.S. and Canada soon.

But they’ve also gone beyond applying EVs to the gig economy and are offering a way for people to get behind the wheel themselves without the usual sticker shock.

2 – Reinventing The Standard Model

At this point there’s no question there’s a growing demand for EVs from consumers, as this trend has spread from Europe and Asia and through North America.

And almost 3 out of 4 younger buyers even say they’re willing to pay higher prices to own an electric vehicle.

But with Facedrive’s acquisition of Steer, you can get the benefits without the large upfront cost.

Facedrive (TSXV:FD,OTC:FDVRF) recently acquired the EV subscription company from the largest clean energy producer in the United States, and they’re aiming to change the way people think about using EVs.

Steer has combined the Netflix subscription model with the EV boom to flip the traditional car ownership model on its head.

With Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to their choice of EVs from a fleet at their disposal.

So they can borrow one whenever they need it instead of buying an EV outright – and at a fraction of the cost.

They’re up and running in the Washington D.C. market already…

And they’ve seen so much success there that they’ve decided to expand further north, to roll out the service in Toronto as well.

With two of the largest metro areas in North America in the mix, Facedrive has started paving the path for a completely unique way to save drivers money in the EV boom.

But their biggest announcement recently came thanks to their willingness to think outside the box and serve the most pressing need we’re seeing today.

3 – Taking On The Biggest Challenges

While Facedrive (TSXV:FD,OTC:FDVRF) has been busy helping bring EVs to mainstream use in creative ways, they’ve also found a way to help address the issue we’ve all been facing for the last year.

By partnering with the University of Waterloo, they’ve created a wearable contact tracing technology called TraceSCAN.

It’s designed to help alert those without cell phones after they’ve been in contact with someone who’s tested positive for COVID-19.

That’s great news for those working in schools, airports, mining, long-term care facilities, and more.

And the demand for TraceSCAN has surged in recent months, as businesses work to open safely and responsibly.

Facedrive has now signed an agreement with Canada’s largest airline, Air Canada, to use this breakthrough technology.

They’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.

But perhaps the most exciting news came from a government announcement in Canada just weeks ago.

In February, the Ontario government announced they’re investing $2.5 million to help speed up the deployment of TraceSCAN to more users.

This means TraceSCAN’s technology has gotten another vote of confidence in their innovative technology… to the tune of millions from the government.

As governments and businesses around the world are doing whatever they can to stop the spread of the virus, this major announcement could help bring attention to Facedrive’s TraceSCAN technology…

Applying more pressure to other organizations and governments to act responsibly and start investing more seriously in contact tracing technology.

Setting Up For Electric Everything in 2021

As 2021 heats up, we’re seeing that the EV boom isn’t just limited to manufacturing sedans anymore.

It involves building an entire electric ecosystem and re-imagining what transportation looks like on all fronts.

That’s why Facedrive aims see their growth wave continue as they bring EVs to ridesharing, food delivery, and beyond.

Here are a few other companies who could profit in the electric future:

Tesla (NASDAQ:TSLA) is a company that has redefined the automotive industry with their electric cars. The Tesla Model S was one of the first fully electric vehicles on the market and it's still one of the best. If you're wondering if an all-electric car is right for you, read this blog post to learn more about what makes Tesla different from other EV manufacturers.

Tesla has been one of the hottest stocks on the market for the past two years. And that’s largely thanks to its CEO and hypeman, Elon Musk. As a visionary in the tech world, Musk built his empire on PayPal and then pivoted to a cause closer to his heart, Tesla. Musk has had his eye on prize long before the green energy hype started building. Tesla isn’t just about cars, however, it’s diving head first into the battery market, as well. And by extension, could completely transform renewable energy as we know it. Tesla’s battery technology is a game-changer because batteries will be the first big step towards decentralized electric grids, another innovation fueled by the dramatic rise of blockchain technology, another cause that Musk is passionate about.

NIO Limited (NYSE:NIO) is another company that manufactures all-electric vehicles. The company's headquarters are located in Shanghai, China and they have manufacturing facilities in Nanjing, Jiangsu Province; Pune, Maharashtra; Lancaster, California; Tilburg, Netherlands and San José dos Campos, São Paulo State. Nio was founded on September 12th 2015 by William Li. NIO has raised $1 billion since the start of their first round of funding back in 2014 with investors including Tencent Holdings Ltd., Temasek Holdings Pte. Ltd., Baidu Inc., Sequoia Capital as well as other prominent firms such as GIC Private Limited (formerly known as Government of Singapore Investment Corporation) and TPG Growth among others.

Nio had an incredible 2020, taking the market by storm. And it’s surprising because no one could have imagined how successful the company was going to be. Investors were ready to leave it for dead. But Nio powered on, blew away estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way.

In addition to its automotive push, however, Nio, Tesla’s largest competitor in China, has also started to offer a batteries-as-a-service concept, in which car buyers can ‘lease’ the battery of their vehicle and save as much as $10,000 on the price of a new vehicle, while also offering buyers the option to swap batteries after a few years of use. And that’s huge news in the lithium world, because it will mean give miners even greater incentive to sign deals with the battery innovator.

General Motors (NYSE:GM) is one of the world's largest and most recognizable automakers. They have a wide variety of vehicles to suit every kind of budget, with their Chevrolet brand being one of the best-selling in America. GM has been around for over 100 years and has always had a focus on technology, innovation, safety, sustainability and value. What started as just the Buick car company back in 1904 is now an internationally recognized name that produces cars in 34 countries across six continents.

just started a joint venture with Korea’s LG Chem to mass produce next-gen battery cells for electric vehicles, together investing $2.3 billion over the next few years. That’s not all its working on, either. In October, auto industry legend, GM announced that its majority-owned subsidiary, Cruise, has just received approval from the California DMV to test its autonomous vehicles without a driver. And while they’re not the first to receive such an approval, it’s still huge news for GM.

Cruise CEO Dan Ammann wrote in a Medium post, “Before the end of the year, we’ll be sending cars out onto the streets of SF — without gasoline and without anyone at the wheel. Because safely removing the driver is the true benchmark of a self-driving car, and because burning fossil fuels is no way to build the future of transportation.”

Ford (NYSE:F) is one of the most recognized automakers in the world. In the late 1800s, Henry Ford transformed the automobile industry by creating a car that was affordable to most Americans. He also made it possible for people to buy their own cars with installment plans. This allowed for more people in America to have access to transportation and do things they couldn't before such as travel farther distances or move away from home. Car ownership would eventually come with privileges like being able to vote, drive without restrictions, and make purchases without relying on others.

Ford is another Detroit automaker making the jump to EVs – and seeing shares jump in the process. They recently announced they’ll be boosting their spending on EVs to $27 billion through mid-decade. That big investment includes plans of their own to develop an electric cargo van and a plug-in version of their bestseller F-150 pickup truck.

Ford isn’t going to be left out of the autonomous vehicle boom, either. The company, for its part, has recently revealed plans to launch its self-driving business in 2022. The new vehicles, in partnership with Argo AI, a Philadelphia-based autonomous vehicle startup, will include major upgrades from advanced Lidar technology and high resolution cameras.

Blink Charging (NASDAQ:BLNK) is an innovative company that has created a solution for electric vehicle owners to charge their car in the blink of an eye. Blink's technology allows drivers to pull up and plug in, then walk away as the car charges. This means more time spent on other tasks or with family instead of waiting around for your battery to fill up!

Blink chargers are currently available at over 300 locations across North America and Europe. They're also expanding into airports, hotels, restaurants, and gas stations–perfect for those who don't have access to home charging facilities. Blink Charging is revolutionizing the way we think about electric vehicles by making them accessible anywhere you go!

Blink was one of the darlings of the EV boom last year because of its expansion in EV charging technology. With their chargers deployed at airports, car dealers, hospitals, restaurants, retailers, and schools across the nation, Blink recently saw shares jump 76% in just one month. A wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support to its success.

Michael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”

Canada is ramping up its own electric vehicle push, as well. GreenPower Motor (NASDAQ:GP, TSX:GPV) is a company that was founded in 2007 and has been providing motors for the green energy industry. They've used their know-how to produce high quality, efficient and cost effective motors. The company's products are used by some of the world's top manufacturers such as Caterpillar, Komatsu, GE Energy and Siemens. GreenPower Motor offers a range of new services including Power Plant Designing Services and Consulting Services which help clients understand how they can improve power plant efficiency using electric motors.

Right now, it is primarily focused on the North American market, but the sky is the limit as the pressure to go green grows. GreenPower has been on the frontlines of the electric movement, manufacturing affordable battery-electric busses and trucks for over ten years. From school busses to long-distance public transit, GreenPower’s impact on the sector can’t be ignored.

Lithium Americas Corp. (NYSE:LAC, TSX:LAC) is a leading producer of lithium and has been developing the Salar de Atacama in Chile for over 20 years. The company's focus on responsible production practices, employee safety, and environmental stewardship have earned them top rankings among mining companies

In a way, Lithium Americas is literally fueling the green energy boom. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

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

NFI Group (TSX:NFI) is a manufacturer of electric vehicles. The company has been in the business for over 50 years, and they are best known for their innovative design that offers high-quality and low-cost options. They have built more than 10 million cars worldwide, which means they know what they’re doing! NFI Group manufactures electric vehicle components as well as complete vehicles. Their factory produces battery packs, motors, controllers, chargers, inverters and other electrical equipment to meet all types of customer requirements.

NFI produces transit busses and motorcycles, as well. NFI had a difficult start to the year, but it since cut its debt and begun to address its cash flow struggles in a meaningful way. Though it remains down from January highs, NFI still offers investors a promising opportunity to capitalize on the electric vehicle boom.

Celestica (TSX:CLS) is closely tied to the green energy boom. Celestica’s wide range of products includes but is not limited to communications solutions, enterprise and cloud services, aerospace and defense products, renewable energy and enough health technology.

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

Maxar Technologies (TSX:MAXR) is a high flying tech stock to watch in the energy transition. Why? Its wholelly-owned subsidiary, SSL, a designer and manufacturer of satellites used by government and commercial enterprises, has pioneered research in electric propulsion systems, lithium-ion power systems and the use of advanced composites on commercial satellites. These innovations are key because they allow satellites to spend more time in orbit, reducing costs and increasing efficiency. And it’s greener than traditional power sources.

Thanks to Maxar’s incredible tech and innovative approach to the already-extremely complicated space industry, the company has seen its share price climb where many of its peers have struggled. In fact, in just the past two years, Maxar has seen its share price increase by well over 1000%. And as the company secures more deals in the great beyond, the innovative firm will likely maintain its upward trajectory for some time.

Another way to gain exposure to the electric vehicle industry is through AutoCanada (TSX:ACQ), a company that operates auto-dealerships through Canada. The company carries a wide variety of new and used vehicles and has all types of financial options available to fit the needs of any consumer. While sales have slumped this year due to the COVID-19 pandemic, AutoCanada will likely see a rebound as both buying power and the demand for electric vehicles increases. As more new exciting EVs hit the market, AutoCanada will surely be able to ride the wave.

Shaw Communications Inc. (TSX:SJR) is major player in the Canadian telecoms sector. It owns a ton of infrastructure throughout Canada and its cloud services and open-source projects look to address some of the biggest issues that its customers might face before the customers even face them. As online gaming depends on solid internet connections, Shaw will likely become a backdoor benefactor in increased online activity. Not only that, it’s growing higher on ESG investors’ lists, as well, thanks to its forward-thinking approach to the environment and its governance.

By. Max Gibson

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

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will achieve its plans for manufacturing and selling Tracescan devices; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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CRANBROOK, BC / ACCESSWIRE / July 14, 2021 / Eagle Plains Resources (TSXV:EPL) has been notified by option partner Rockridge Resources Ltd. (ROCK) (RRRLF) (RR0) ("Rockridge") that it has received final results from its recently completed diamond drilling program at its Knife Lake Copper Project located in Saskatchewan, Canada (the "Knife Lake Project" or "Property"). Rockridge drilled a total of 2,043 metres in twelve drill holes and has now received assays and completed interpretation for all holes. Results for the initial nine holes covering Gilbert North and South and the Knife Lake Deposit can be referenced in Eagle Plains June 17^th, 2021 news release. Rockridge will also be commencing a summer exploration program which is described herein. The Knife Lake Project, consisting of 81 claims totaling 55,471 hectares (137,069 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan host to the Knife Lake Deposit.

See Knife Lake VMS Project Location Map here

The drill program at the Gilbert North and South target areas was designed to evaluate conductivity and magnetic anomalies identified during the winter 2021 airborne VTEM Plus survey and corresponding surficial geochemical anomalies. Following initial drilling at Gilbert North and South a Borehole Electromagnetic survey of all holes at the Gilbert North and South target areas was completed to refine targeting for the final holes of the program. Previous surficial work programs have indicated that the stratigraphic position of the targeted anomalies correlates with the Knife Lake Deposit to the east. Additional drilling at the Knife Lake Deposit was designed to infill resource drilling.

See Gilbert North and South Drill Hole Locations here

See Knife Lake Deposit Drill Hole Locations here

Rockridge's CEO, Jonathan Wiesblatt, commented: "From start to finish, the entire winter and spring exploration program including an airborne VTEM Plus survey and a 2,043m diamond drilling program at the Knife Lake Project was a great success overall. There are a number of exciting regional targets in close proximity to the Knife Lake deposit including the Gilbert Lake target area which was explored using modern day techniques for the very first time. The results thus far have further supported our working thesis that Knife Lake is not a one-off VMS deposit and that the prosects to add to the project's global resource remain high. Our priority for the balance of 2021 is to return to Knife Lake and to continue to advance the project and the deposit in a rising copper price environment. Rockridge's geological team is planning to return to Knife Lake later this summer to carry out an exploration program in preparation for another drill program later in the year. News flow will be forthcoming on these exploration programs."

Highlights

• Highlight drill intercepts at the Gilbert South target area include pyrrhotite-pyrite dominant VMS-style mineralization hosted at the same stratigraphic horizon as the Knife Lake Deposit

• Drilling focused on discovering VMS style copper deposits along newly defined conductors as well as at the Knife Lake VMS deposit

• Deposit is thought to be a remobilized portion of a "primary" VMS deposit; most of the historical work has consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit

• There is strong discovery potential in and around the deposit as well as at regional targets on the Property; modern exploration techniques and methods are being utilized with a goal of making new discoveries

• A summer 2021 exploration program will follow up on the results of this drill program and details on this program are forthcoming

Knife Lake Winter/Spring 2021 Diamond Drill Hole Results and Geological Summary

The final two holes of the program (KF21023 and KF21024), totaling 244.0m, were completed at the Gilbert Lake South target area which is approx. 6 km to the west of the Knife Lake Deposit. Hole targeting was refined using preliminary data from the 2021 BHEM survey, which was completed concurrently with drilling. The Gilbert South target, which is over 2.5 km in length, had never been drilled prior to the 2021 drill program. A second resource infill hole (KF21022) was drilled at the Knife Lake Deposit, totaling 59.0m.

See Knife Lake Priority Target Areas Map here

Gilbert South Target

Drill hole KF21023 intersected massive, semi-massive to net-textured pyrite – pyrrhotite ± sphalerite ± chalcopyrite between 73.91m – 75.83 m with lesser sulphide infill of foliation to 80.16m hosted in amphibole gneiss. The mineralization is associated with strong graphite alteration. Assays returned anomalous results within the mineralized zone including 496.2 ppm Cu, 1277.3 ppm Zn and 1.7 g/t Ag over 6.39m (73.81m – 80.20m).

See Gilbert North and South Targets here

Hole KF21024 was planned to undercut hole KF21023 to test for variability of mineralization down-dip. Mineralization in the hole was weaker than the up-dip intersection with weakly defined net-textured pyrrhotite-pyrite hosted pegmatite between 72.91m – 73.55m. Assay results did not return significant concentrations of precious or base-metals.

Knife Lake Deposit Drilling

Drill hole KF21022 was designed to under-cut hole KF21021 to test for variability in mineralization down-dip. Semi-massive to net texture pyrite-pyrrhotite-sphalerite mineralization is hosted in intermediate volcanic intervals and pegmatite intervals between 27.39m – 48.50m. Drillhole KF21022 returned 0.73% Cu, 0.06 g/t Au, 2.98 g/t Ag, 0.15% Zn and 0.01% Co (0.88% CuEq) over 21.11m starting at 27.39m.

See Knife Lake Infill Drilling Cross Section here

Drill Hole Results Table for Hole KF21022

* Drill indicated intercepts (core length) are reported as drilled widths; true thickness is undetermined.

** No cutoffs or metal recoverability were factored into CuEq calculations.

*** Assumptions used in USD for the copper equivalent calculation were metal prices of $4.50/lb Cu, $19.38/lb Co, $1,864.00/oz Au, $27.90/oz Ag, $1.38/lb Zn. Copper equivalent (CuEq) was calculated using the formula CuEq = Cu% + ((Zn%*Zn Price*22.0462) + (Co%*Co Price*22.0462) + (Augpt*Au Price/31.1035) + (Ag *Ag Price/31.1035)) / (Cu price*22.0462).

Summer 2021 Exploration Program

Planning is now underway for a fully funded and permitted summer 2021 exploration program to follow up on the encouraging results from this drill program. The program will include a VTEM Plus Geophysical program to expand on the winter 2021 geophysical program. VTEM Plus has proven to be a useful tool for target generation on the Knife Lake Property. Rockridge is also planning for a follow-up drill program later in the year as well.

Knife Lake Geology and History

The Knife Lake Deposit is interpreted to be a remobilized VMS deposit. The stratabound mineralized zone is approximately 15m thick and contains copper, silver, zinc, gold and cobalt mineralization which dips 30° to 50° eastward over a known strike-length within Rockridge's claim area of 3,700 metres, and a known average down-dip extension of approximately 300 metres.

See Knife Lake Deposit Map here

The deposit is hosted by felsic to intermediate volcanic and volcaniclastic rocks which have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy which has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and occurs on both limbs of an interpreted overturned fold.

Rockridge completed twelve holes consisting of 1,053 metres of diamond drilling in the 2019 winter drilling program. This represented the first drilling on the property since 2001 and had two primary objectives: confirm the tenor of mineralization reported by previous operators and expand known zones of mineralization. Highlights from the drill program included previously reported hole KF19003 which intersected net-textured to semi-massive sulphide mineralization from 11.2m to 48.8m downhole. This 37.6 metre interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn, and 0.01% Co for an estimated 2.42% CuEq. Additionally, previously reported drill hole KF19001 intersected net-textured to fracture-controlled sulphide mineralization from 7.5 metres to 40.6 metres downhole. This 33.1 metre interval returned 1.28% Cu, 0.12 g/t Au, 4.80 g/t Ag, 0.13% Zn, and 0.01% Co for an estimated 1.49% CuEq.

Compilation and initial modelling indicate potential for expansion of the deposit at depth. The recent drilling focused on resource upgrade as well as infill drilling between historical holes. The program gave Rockridge's technical team valuable insights into the property geology, alteration, and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

The Knife Lake deposit is a near surface VMS deposit starting a few metres below surface and the deposit remains open at depth and along strike for potential resource expansion. Recently Rockridge announced a maiden NI 43-101 resource estimate for the Knife Lake deposit (see the News Release dated August 14^th, 2019) which consisted of an indicated resource of 3.8 million tonnes at 1.02% CuEq at a 0.4% CuEq cut-off (3.8 MT at 0.83% Cu, 3.7 g/t Ag, 0.097 g/t Au, 82 ppm Co, 1740.7 ppm Zn). In addition, there is an inferred resource of 7.9 million tonnes at 0.67% CuEq at a 0.4% CuEq cut-off (7.9 MT at 0.53% Cu, 2.4 g/t Ag, 0.084 g/t Au, 53.1 ppm Co, 1454.9 ppm Zn). Refer to the NI 43-101 Technical Report on the Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.

Knife Lake Option Agreement Details

To earn a 100% interest in the Knife Lake Project, Rockridge has agreed to make a cash payment to Eagle Plains of $150,000 (complete), issue up to 5,550,000 common shares of Rockridge (2,750,000 shares issued to date) and complete $3,250,000 in exploration expenditures ($1,195,000 to date) over four years. Eagle Plains will retain a 2% net smelter royalty ("NSR") on certain claims which comprise the project area. Under the terms of the agreement Rockridge is designated as the Operator of the project.

QA/QC

Samples were sent for geochemical analysis with ALS Global, Vancouver for the following analyses: 48 element four acid ICP-MS (ME-MS61) and gold (Au) 30 g Fire Assay – AA finish (Au-AA23). Over limit analysis were completed using the following analyses: Ore Grade copper (Cu), nickel (Ni) and zinc (Zn) – four acid ICP-AES (ME-OG62).

On receipt of final certificates of analysis, the QA/QC sample results were reviewed to ensure the order of samples were reported correctly, that the blanks ran clean, and that the results for each standard had minimal variance from its certified value. QA/QC for the Knife Lake drilling included certified reference material ("CRM's") and blanks that were inserted into each sample batch in order to verify the analytical from the lab.

Qualified Person

Kerry Bates, P. Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and a Geologist employed by TerraLogic Exploration Inc., has reviewed and approved the scientific and technical disclosure in this news release relating to the Knife Lake Project.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2020 on Eagle Plains-related projects exceed $22M, most of which was funded by third-party partners. This exploration work resulted in approximately 37,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

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 including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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.

SOURCE: Eagle Plains Resources Ltd

View source version on accesswire.com:
https://www.accesswire.com/655439/Eagle-Plains-Partner-Rockridge-Resources-Intersects-Additional-Copper-Mineralization-and-Plans-Upcoming-Summer-Exploration-Program-at-the-Knife-Lake-Copper-Project-Saskatchewan

First Majestic Silver Corp. AG recently announced that total production in second-quarter 2021 reached 6.4 million silver equivalent ounces comprising 3.3 million ounces of silver and a record 46,545 ounces of gold. Compared to the first quarter, silver and gold production increased 13% and 95%, respectively. This was owing to a 14% increase in silver equivalent production from its three operating Mexican mines (Santa Elena, San Dimas and La Encantada) and the inclusion of production from the Jerritt Canyon operation in May and June. On a year-over-year basis, silver and gold production were up 83% and 195%, respectively.

On Apr 30, 2021, First Majestic completed the acquisition of the Jerritt Canyon Gold Mine in Nevada from Sprott Mining. It is one of the state's most prominent gold mines and marks the company’s first major investment outside of Mexico. First Majestic has been developing a long-term mine and exploration plan for the operation and has identified numerous projects that will be implemented over the next 12 to 24 months to improve production and reduce costs at the mine and processing plant.

Since First Majestic has taken control of the Jerritt Canyon mine in April, it has produced 18,762 ounces of gold. In second quarter, the La Encantada mine processed 242,839 tons of ore and produced 840,541 ounces of silver. San Dimas produced 1,868,031 ounces of silver and 19,227 ounces of gold. Santa Elena produced 565,453 ounces of silver and 8,453 ounces of gold. The company processed total ore of 826,213 tons during the quarter, which reflected a sequential increase of 35% due to the acquisition of Jerritt Canyon and a 26% increase in production rates at Santa Elena. Consolidated silver and gold grades averaged 137 g/t and 1.80 g/t, in the quarter compared with 166 g/t and 1.26 g/t, respectively, in the first quarter.

Other Updates

During the quarter, the Liquid Natural Gas ("LNG") facility at Santa Elena successfully reached full capacity. Santa Elena is now the First Majestic’s second operation that has been fully converted from diesel to low-cost LNG power.

As of Jun 30, 2021, 26 exploration drill rigs were active across the company’s mines and projects comprising 13 rigs at San Dimas, six at Santa Elena, five at Jerritt Canyon and two at La Encantada.

Hikes 2021 Production Outlook

First Majestic expects total production in 2021 to be 25.7-27.5 million silver equivalent ounces consisting of 13.0-13.8 million ounces of silver and 181,000-194,000 ounces of gold. This is higher than its previous production guidance of 20.6 to 22.9 million silver equivalent ounces primarily due to the addition of the Jerritt Canyon mine.

For the second half of 2021, total production is expected to range between 14.8 and 16.4 million silver equivalent ounces consisting of 6.7 to 7.6 million ounces of silver and 111,000 to 124,000 ounces of gold. The mid-point of the guidance indicates a 44% increase from the first half of 2021.

Annual cash costs are now expected to be within the range of $12.52 to $12.96 per ounce, up from the prior projection of $9.52 to $10.10 per ounce, primarily due to the addition of the Jerritt Canyon operation and higher development costs at Santa Elena. Annual all-in sustaining costs are now expected to be $17.86-$18.63 per ounce, compared with the previous guidance of $14.81 to $15.99 per ounce.

First Majestic has updated its 2021 capital budget to $205.3 million to include the Jerritt Canyon operation, and reallocation of capital for development and exploration across its operations. This is 22% higher than its original 2021 capital budget.

Share Price Performance

Image Source: Zacks Investment Research

In a year’s time, First Majestic’s shares have gained 33.1% compared with the industry’s growth of 10.1%.

Zacks Rank & Stocks to Consider

First Majestic carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, Olin Corporation OLN and Commercial Metals Company CMC, all of which currently flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Nucor has a projected earnings growth rate of around 381.6% for the current year. The company’s shares have soared 129% in a year.

Olin has an expected earnings growth rate of around 506.7% for the current year. The company’s shares have skyrocketed 249% in the past year.

Commercial Metals has an projected earnings growth rate of around 22% for the current year. The company’s shares have appreciated 49% in the past year.

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In this article, we will take a look at the 10 best African stocks to invest in. You can skip our detailed analysis of these companies, and go directly to the 5 Best African Stocks to Invest In.

Africa, the world's second-largest continent, has become one of the most appealing developing countries in recent years, thanks to its rising GDP and increased economic activity. The African economy is worth over $2.6 trillion, with $6.6 trillion in annual consumer and sector spending. Nigeria ranked first with a GDP of $442.98 billion, followed by Egypt with $361.88 billion and South Africa with $282.59 billion. The country is home to well-known businesses such as MTN Group Limited (OTC: MTN), Naspers Limited (OTC: NPSNY), and Sasol Limited (NYSE: SSL).

Africa's abundant resources made the continent a hotbed of commerce and economic activity. According to an article by consulting firm McKinsey, Africa has enormous growth potential, with industrial output expected to reach $930 billion by 2025.

Africa and The Mining Industry

The stock market in Africa is dominated by mining businesses that allowed the continent to compete against its American counterparts Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX). Africa is the fastest-growing area for foreign direct investments with over 30% of the global mineral resources. In 2019, Africa's mining exploration budget totaled $1.12 billion. In 2020, due to travel limitations and risk concerns amidst the COVID-19 pandemic, the exploration budget decreased by 10%. However, the region expects stronger metal demand and price increase as a result of the post-pandemic economic upswing due to the easing of the COVID-19 pandemic restrictions and vaccine rollouts.

Africa is home to some of the biggest names in the mining business, such as Sibanye Stillwater Limited (NYSE: SBSW). Sibanye Stillwater Limited is one of the best African stocks to invest in with a share price of $17.31. The company's share price soared 75% in the last twelve months.

The Rise in African Technology

Africa's technology sector is expanding at the same rate as its mining sector allowing the continent to compete with tech-heavy giants Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), and Apple, Inc. (NASDAQ: AAPL). In 2020, Africa reported a total of 643 tech clusters, with Nigeria, Egypt, Kenya, and South Africa hosting the most. According to an article released by Further Africa, Africa's internet economy is expected to be worth $180 billion in 2025, with e-based economic activity accounting for 5.2% of GDP.

Many African startups are relying on digital modernization to handle day-to-day issues such as M-Post. M-Post is a 2016 startup that allows its users to use their mobile phones as an official digital address service that allows more efficient distribution to remote areas. The clean-tech business EcoPost is another African startup that is gaining attention. Since its inception in 2010, the company has recycled over 2.5 million kg of plastic, which it converts into furniture, fence posts, and signposts, preventing it from decomposing or being eaten by termites.

One of the best African stocks to buy now in the tech industry is Naspers Limited (OTC: NPSNY). The company is well known for its technology and capital investing operating in over 130 countries. Shares of Naspers Limited climbed 1% over the last twelve months. The company operates in high-growth business sectors such as e-commerce and media platforms.

Photo by Jacques Nel on Unsplash

The African economy will continue to grow with its huge potential and major hedge funds and institutional investors look towards the region to benefit from the growth potential as they struggle to perform in established markets. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th, 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

In light of this, let’s analyze the best African stocks to invest in. We took into account hedge fund sentiment, analysts’ ratings, future growth catalysts, and fundamentals while choosing these stocks.

Best African Stocks to Invest In

10. Mix Telematics Limited (NYSE: MIXT)

We start our list of the 10 best African stocks to invest in with Mix Telematics Limited (NYSE: MIXT). The South African-based provider of fleet management service as a software solution was founded in 1995 and invented several AI-powered fleet solutions such as the MyMix Tracking. MyMix Tracking is an app that specializes in tracking drivers in real-time to self-correct dangerous driving behavior.

MIXT has a P/E of 22.50. Shares of MIXT jumped 74% over the last twelve months. On May 28, Canaccord Genuity maintained a Buy rating on Mix Telematics Limited's (NYSE: MIXT) and set a price target of $16.

Greystone Capital mentioned Mix Telematics Limited's (NYSE: MIXT) in its Q2 2020 investor letter:

9. DRDGOLD Limited (NYSE: DRD)

Ranking 9th in our list of 10 best African stocks to invest in is DRDGOLD Limited (NYSE: DRD). The South Africa-based gold producer was founded in 1895 and is one of the best African stocks to invest in with a market cap of $938 million. In 2020, South Africa’s Sibanye-Stillwater (NYSE: SBGL) acquired 12% interest in the company where the earnings will be used to support the early stages of phase 2 of the company's tailings retreatment project.

In the same year, the company produced a total of 174,385oz of gold. DRDGOLD Limited (NYSE: DRD) posted a decrease of 6% quarter-on-quarter in gold output to 1,328 kilograms. DRD shares currently have a P/E of 10.24. Shares of DRD jumped 10% over the last three months. On May 6, analysts from HC Wainwright & Co. maintained a Buy rating on DRDGOLD Limited (NYSE: DRD) and raised the price target to $19.25.

Like Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Apple, Inc. (NASDAQ: AAPL), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX), DRDGOLD Limited (NYSE: DRD) is one of the best stocks to consider for long-term gains.

8. Harmony Gold Mining Company (NYSE: HMY)

Ranking 8th in our list of 10 best African stocks to invest in is Harmony Gold Mining Company (NYSE: HMY). The gold mining company is one of the largest in South Africa with a market cap of $2.46 billion. In 2020, the firm received clearance to purchase AngloGold Ashanti Limited's (JSE: ANG) remaining gold mining assets in South Africa for $300 million.

The mining company was founded in 1950 and operates over nine underground mines and many surface operations in South Africa. HMY shares currently trade for $3.91 and have a P/E of 10.16. The current dividend yield is 1.97%. Shares of Harmony Gold Mining Company (NYSE: HMY) jumped 2% over the last five days.

7. AngloGold Ashanti Limited (NYSE: AU)

AngloGold Ashanti Limited (NYSE: AU) ranks 7th in our list of 10 best African stocks to invest in. AngloGold Ashanti Limited was founded in 2004 and operates as one of the top global gold mining companies with headquarters in South Africa. Earlier this year metal company Sibanye Stillwater Limited (NYSE: SBSW) stated that combining Gold Fields Limited (NYSE: GFI) and AngloGold Ashanti Limited (NYSE: AU) would create one of the top gold mining corporations in the world, capable of dethroning industry leader Newmont Corporation (NYSE: NEM). However, they are still debating on a possible merger, and it is not yet finalized.

AngloGold Ashanti Limited (NYSE: AU) posted basic earnings per share of $203 million or 48 cents per share in the first quarter of 2021. The company's revenue from product sales in the first quarter of 2021 came in at $979 million in the first quarter of 2021, an increase from $905 million in the same period of 2020. Shares of AU jumped 4% over the last five days. On March 8, HSBC analyst Leroy Mnguni upgraded AngloGold Ashanti Limited (NYSE: AU) to a Hold rating from a Reduce rating with a $24 price target.

Like Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Apple, Inc. (NASDAQ: AAPL), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX), AngloGold Ashanti Limited (NYSE: AU) is one of the best stocks to consider for long-term gains.

6. Gold Fields Limited (NYSE: GFI)

Johannesburg, South Africa-based Gold Fields Limited (NYSE: GFI) ranks 6th in our list of the 10 best African stocks to invest in. Gold Fields Limited operates one of the biggest gold mining firms worldwide. Gold Fields Limited (NYSE: GFI) continues to expand its services to meet the market's growing demand.

The company currently has a market cap of $8.4 billion. In the first quarter of 2021, the company reported a revenue of $1.7 million. Shares of GFI jumped 2% over the last five days. On May 24, RBC Capital maintained a Sector Perform rating on Gold Fields Limited (NYSE: GFI) and raised the price target to $10.75.

Like Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Apple, Inc. (NASDAQ: AAPL), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Freeport-McMoRan, Inc. (NYSE: FCX), Gold Fields Limited (NYSE: GFI) is one of the best stocks to consider for long-term gains.

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

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Disclosure: None. 10 Best African Stocks to Invest In is originally published on Insider Monkey.

VANCOUVER, British Columbia, July 14, 2021 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – (“Medallion” or the “Company”), is pleased to provide a summary of an independent Techno-Economic Assessment (“TEA”) for Medallion’s proprietary process (the “Medallion Monazite Process”) that enables sustainable extraction of rare earth elements (“REE”) from mineral sand monazite. The TEA was completed by process engineering and simulation specialists Simulus Engineers (Australia).

The Medallion Monazite Process is a proprietary method and related business model to achieve low-cost REE production utilizing mineral sand monazite. Monazite is a rare earth phosphate mineral globally available as a by-product from heavy mineral sand mining operations.

The Medallion Monazite Process is a unique commercial offering, developed by utilizing process intensification principles. It is a highly optimized and automated design that is transferable to many global locations and scalable in size as REE demand grows. Medallion has recently paired this process with patented REE separation technology developed by Purdue University.

Key Points

• Medallion has received from Simulus Engineers comprehensive process flow diagrams, equipment lists, reagent, energy and personnel requirements and energy, heat and mass balances for the Medallion Monazite Process.

• Engineering was completed at an assumed 7,000 tonnes per annum scale. The TEA has demonstrated the technical and financial viability of the Medallion Monazite Process at this scale.

  • Such a facility would deliver approximately 870 tonnes per annum of neodymium (“Nd”) and praseodymium (“Pr”) oxide in cerium-depleted mixed carbonate form.

  • Nd and Pr oxide are the key inputs for rare earth element permanent magnet production, currently priced at around US$80,000 per tonne.

  • REE permanent magnets are high growth markets due to their importance for electric mobility and renewable power generation.

  • Other products from the Medallion Monazite Process include cerium (“Ce”) oxide and trisodium phosphate (“TSP”).

  • The developed process is zero-liquid waste delivering a high degree of flexibility in the choice of prospective operating locations.

  • The engineered plant is very modest in land use footprint, energy and transport needs, and is comprised of conventional off-the-shelf plant and equipment, allowing for a short procurement to production lead time.

• The engineering data has allowed development of an independent and comprehensive financial model prepared by Denco Strategic Research & Consulting Inc. that can be easily updated for changes to process location and operating assumptions. In the modelled “base case” scenario, a southeastern USA setting was assumed for capital and operating costs, while REE ratios from US-sourced mineral sand monazite was used to model REE outputs.

  • a capital cost estimate of US$34m was determined from engineered components (not including site specific costs) for an assumed 7,000 tonne monazite per annum process facility. Capital costs can now be scaled for offtake or partner specific supply conditions.

  • an operating cost of US$12 per kg of cerium-depleted mixed REE oxide (not including monazite supply costs).

  • an operating cost of US$28 per kg of NdPr in cerium-depleted mixed REE oxide (not including monazite supply costs; no discounting for co-product value) is modelled.

  • labor is the largest individual operating cost, providing the possibility to markedly lower operating costs by expanding processing capacity and throughput to achieve labor efficiencies.

  • NdPr is the largest market by value in the REE sector and accounts for approximately 80% of revenue achieved from typical mineral sand monazite feedstock.

• Medallion recently invested with Purdue University to gain an exclusive license for proprietary environmentally-friendly REE separation technology (Ligand Assisted Displacement (“LAD”) Chromatography).

  • This process, while presenting a substantial value add option, has not been modelled in the TEA.

  • LAD Chromatography provides the opportunity to directly pass a pregnant leach solution from extraction stage to separation stage, maximizing recovery and minimizing cost.

• A parallel Life Cycle Assessment (“LCA”) model will be delivered by Minviro Ltd in coming weeks that summarizes the environmental impact of the process and highlights the advantages of utilizing by-product materials.

• The TEA integrates and summarizes research completed to date on the Medallion Monazite Process and is a pivotal engineering and financial study. The models used in the TEA are designed to be iterative and can be updated for any global setting/scenario. It is designed to guide the Medallion Board of Directors in the future investment decisions of the Company.

• Research and execution plans are being developed internally for both the monazite and LAD processes to guide on-going research.

Based on the operating assumptions of the TEA, results indicate the Medallion Monazite Process is technically viable and presents positive economics for the extraction of REE from mineral sand monazite. The specific process conditions and supporting financial results constitute proprietary information for Medallion that will be shared with partners and prospective licensees under non-disclosure agreements.

“We are very pleased to have reached the TEA milestone, which indicates the technical and financial viability of the Medallion Monazite Process,” commented Mark Saxon, President and CEO. “Over the past decade, Medallion has remained committed to the vision of developing technology to reduce the environmental impact of REE production. The process developed does not require new mining but utilizes a high-grade relatively low-value by-product from heavy mineral sand mining. We are now discussing opportunities with partners and prospective licensees under NDA’s and developing business models to maximize value from past investment.”

Medallion has completed ten years of research and test work with various service providers to develop a proprietary technology for the extraction of rare earth elements from mineral sand monazite. Medallion’s caustic cracking method was developed with economic and sustainability goals, seeking to minimize process cost while maximizing the resource efficiency of REE production and ensuring waste materials are minimized and captured. More than 90% of the raw material feedstock becomes saleable products within the Medallion Monazite Process.

The developed technology is a modular and transferable method to sustainably produce rare earth elements from a by-product mineral widely available from global operating mineral sand mines. A vast majority of mineral sand mining occurs within the Australia, Africa and Southeast Asian regions. Currently monazite from these operations is either sold to Chinese customers or left on site where it achieves no value. A sustainable and efficient process to extract REEs from mineral sand monazite can deliver REE security without the need for additional mining.

The Medallion Board is reviewing the TEA results to make determinations about Medallion’s further investments toward developing and monetizing the Medallion Monazite Process. Independent financial modelling and market research has indicated a licensing/partnership business approach with parties that have access to mineral sand monazite is likely most appropriate during the current high monazite price environment. As a result, Medallion is actively seeking opportunities for collaboration and technology licensing with mineral sand mining companies within favorable jurisdictions.

Medallion continues to assess acquisition and investment opportunities within the REE and mining sectors.

CLICK HERE TO VIEW FIGURE 1. Envisaged rare earth element monazite to magnet supply chain utilizing the Medallion Monazite Process and Purdue’s LAD Chromatography. Red box outlines the system boundary for the current Techno Economic Assessment.

About Medallion Resources

Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact(s):

Mark Saxon, President & CEO
+1.604.681.9558 or info@medallionresources.com

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

Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to further investment in and options for monetizing the Medallion Monazite Process, and the potential for Medallion to complete further acquisitions within the REE and mining sectors. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. In addition, in order to proceed with Medallion’s plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion’s plans. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required pursuant to applicable laws.

TORONTO, July 14, 2021 (GLOBE NEWSWIRE) — Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announced today its production and sales results for the second quarter of 2021.

Second Quarter 2021 Production Highlights:

• Solid quarterly production at each site, with further production improvements expected in the coming quarters;

• Consolidated saleable gold equivalent production of 28,843 ounces – fourth consecutive quarter of increased production; and

• Consolidated 28,115 ounces of gold equivalent sold – second highest quarterly amount in three years (since Q2 2018).

Dominic Duffy, President and CEO of Mandalay, commented:

“Mandalay Resources continued to deliver strong reliable results with a consolidated 28,843 saleable production ounces of gold equivalent during the second quarter – the Company’s highest result since Q4 2017 – and marked a fourth consecutive quarter of increased production. The 57,519 ounces of gold equivalent produced through June puts the Company firmly on track to meet our 105,000 – 117,000 production guidance for 2021, with further increases expected in the coming quarters.”

Mr. Duffy continued, “Costerfield achieved another solid quarter with grades and production performance tracking well within guidance, with the site producing 14,818 ounces of saleable gold equivalent. We are targeting higher levels of gold production from Costerfield in both the third and fourth quarters of the year as stope tonnage ramps up in Youle, which on average is higher grade than development ore.”

Mr. Duffy added, “At Björkdal, Q2 2021 production of 10,941 saleable gold ounces was in line with the previous quarter. The processing plant had to manage through several weeks of differing ore blends, which unfortunately resulted in lower recoveries. These small batches of ore mix have been minimized and we expect more stable results coming out of the mill going forward. The site continues to develop to the extremities of the Aurora zone and is currently advancing development along lower levels where the average grade is higher. We anticipate stope production in the deeper levels will begin in the second half of the year, which will lift the overall gold production from Björkdal.

Cerro Bayo produced 3,084 ounces of saleable gold equivalent from the processing of the low-grade waste dumps in the quarter which helped boost the consolidated production.”

Mr. Duffy concluded, “We are also announcing that Belinda Labatte has resigned from her position as Chief Development Officer at Mandalay Resources. Belinda has agreed to remain on in a consultancy capacity for a 12-month period in order to help the Company as required to complete the closure efforts at Lupin and outstanding corporate development activities. We thank Belinda for her tireless contributions and wish her all the best for her future endeavors.”

Saleable Production for the Quarter Ended June 30, 2021:

• In the second quarter of 2021, the Company produced a total of 22,707 ounces of gold, 858 tonnes of antimony and 87,062 ounces of silver representing a total of 28,843 ounces of gold equivalent, versus 21,603 ounces of gold and 946 tonnes of antimony in the second quarter of 2020, representing a total of 24,752 ounces of gold equivalent.

• Production at Björkdal was 10,941 ounces of gold in the second quarter of 2021 as compared to 11,250 ounces of gold in the second quarter of 2020.

• Production at Costerfield was 9,959 ounces of gold and 858 tonnes of antimony in the second quarter of 2021 versus 10,353 ounces gold and 946 tonnes antimony in the second quarter of 2020.

• Production at Cerro Bayo was 1,807 ounces of gold and 87,062 ounces of silver in the second quarter of 2021 versus no production in the second quarter of 2020.

Saleable Production for the Six Months Ended June 30, 2021:

• The Company produced a total of 46,368 ounces gold, 1,690 tonnes antimony and 130,761 ounces of silver, representing a total of 57,519 ounces of gold equivalent production, versus 42,973 ounces gold and 2,054 tonnes of antimony in the corresponding six months of 2020, representing a total of 50,429 ounces of gold equivalent.

• Production at Björkdal was 22,796 ounces gold.

• Production at Costerfield was 21,041 ounces gold and 1,690 tonnes antimony.

• Production at Cerro Bayo was 2,531 ounces of gold and 130,761 ounces of silver.

Table 1 – Second Quarter and Six Months Saleable Production for 2021 and 2020

1. Quarterly gold equivalent ounces (“Au Eq. oz”) produced is calculated by multiplying the saleable quantities of gold (“Au”), silver (“Ag”) and antimony (“Sb”) in the period by the respective average market prices of the commodities in the period, adding the amounts to get a “total contained value based on market price”, and then dividing that total contained value by the average market price of Au in the period. Average Au and Ag prices in the periods are calculated as the average of the daily LME PM fixes in the period, with price on weekend days and holidays taken of the last business day; average Sb price in the period is calculated as the average of the daily average of the high and low Rotterdam warehouse prices for all days in the period, with price on weekend days and holidays taken from the last business day. The source for Au and Ag prices is www.transamine.com, and Sb price is www.metalbulletin.com.

Sales for the Second Quarter Ended June 30, 2021:

• In the second quarter of 2021, the Company sold a total of 23,147 ounces of gold, 644 tonnes of antimony and 90,024 ounces of silver, representing a total of 28,115 ounces of gold equivalent, versus 21,811 ounces of gold and 933 tonnes of antimony in the second quarter of 2020, representing a total of 24,916 ounces of gold equivalent.

• Björkdal sold 12,132 ounces of gold in the second quarter of 2021 versus 11,290 ounces of gold in the second quarter of 2020.

• Costerfield sold 9,287 ounces of gold and 644 tonnes of antimony in the second quarter of 2021 versus 10,521 ounces of gold and 933 tonnes of antimony in the second quarter of 2020.

• Cerro Bayo sold 1,728 ounces of gold and 90,024 ounces of silver in the second quarter of 2021 versus no sales in the second quarter of 2020.

Sales for the Six Months Ended June 30, 2021:

• The Company sold 47,747 ounces gold, 1,616 tonnes antimony and 90,024 ounces of silver, representing a total of 57,828 ounces of gold equivalent, versus 42,743 ounces gold and 1,793 tonnes antimony in the first six months of 2020, representing a total of 49,192 ounces of gold equivalent.

• Björkdal sold 24,208 ounces gold.

• Costerfield sold 21,811 ounces gold and 1,616 tonnes antimony.

• Cerro Bayo sold 1,728 ounces gold and 90,024 ounces silver in the first six months of 2021 versus no sales in the similar period in 2020.

Table 2 – Second Quarter and Six Months Sales for 2021 and 2020

1. Quarterly Au Eq. oz sold is calculated by multiplying the saleable quantities of Au, and Sb in the period by the respective average market prices of the commodities in the period, adding the amounts to get a “total contained value based on market price”, and then dividing that total contained value by the average market price of Au for the period. The source for Au and Ag prices is www.transamine.com, and Sb price is www.metalbulletin.com, with price on weekend days and holidays taken of the last business day.

For Further Information:

Dominic Duffy
President and Chief Executive Officer

Edison Nguyen
Manager, Analytics and Investor Relations

Contact:
647.260.1566

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine), with projects in Chile and Canada under care and maintenance, closure or development status. The Company is focused on growing its production profile and reducing costs to generate significant positive cashflow.

Mandalay’s mission is to create shareholder value through the profitable operation of both its Costerfield and Björkdal mines. Currently, the Company’s main objective is to continue mining the high-grade Youle vein at Costerfield, which continues to supply high-grade ore, and also focus on extending Youle’s Mineral Reserves at depth. At Björkdal, the Company will aim to increase production from the Aurora zone in the coming years, in order to maximize profit margins from the mine.

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the Company’s production of gold, antimony and silver for the 2021 fiscal year. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading “Risk Factors” in Mandalay’s annual information form dated March 30, 2021, a copy of which is available under Mandalay’s profile at www.sedar.com. In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Investors with an interest in Mining – Miscellaneous stocks have likely encountered both Billiton (BBL) and Wheaton Precious Metals Corp. (WPM). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Currently, Billiton has a Zacks Rank of #1 (Strong Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that BBL has an improving earnings outlook. However, value investors will care about much more than just this.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

BBL currently has a forward P/E ratio of 5.96, while WPM has a forward P/E of 29.82. We also note that BBL has a PEG ratio of 1.44. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. WPM currently has a PEG ratio of 5.96.

Another notable valuation metric for BBL is its P/B ratio of 1.23. 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. By comparison, WPM has a P/B of 3.46.

Based on these metrics and many more, BBL holds a Value grade of A, while WPM has a Value grade of D.

BBL has seen stronger estimate revision activity and sports more attractive valuation metrics than WPM, so it seems like value investors will conclude that BBL is the superior option right now.

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Central Copper Resources (CCR), which mines in Congo and Zambia, is gearing up to launch on the London Stock Exchange as copper prices lost ground.

CCR is finalising the documentation and procedures for admission into the exchange's AIM, the market for small and medium size growth companies.

It plans to use the money raised from the IPO to “advance the high grade Mbamba Kilenda copper project in the Congo towards production and to continue high impact exploration” at its Titan project in the Congo and the Lunga project in Zambia.

The funds will go towards direct exploration and evaluation work programmes.

“We believe that we are listing on AIM at a good time in the project life cycles of the portfolio and given the recent performance of the copper price,” said CEO Kevin van Wouw.

Copper prices reached an all-time high in May as commodities markets soared as hopes of a global economic recovery creates demand for raw materials.

Read more: Inflation jitters in UK and US hit FTSE 100

But recently they have been slipping, falling again on Wednesday amid concerns Chinese industrial demand is slowing and as investors wait for clarification from US central bank officials on rate policy, after data showed rising inflation.

‘’Central Copper Resources is well placed to capitalise on the strong demand for copper forecast as the combustion engine is phased out and the adoption of electric vehicles accelerates,” Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown told Yahoo Finance UK.

“Quality copper ore is considered to be in relatively short supply so if the exploration is successful the company would stand to benefit from new mines coming online,” she said

But she warned about the risks of falling prices, and said investors should also be aware "that mining is highly capital intensive and this company does not offer anywhere near the same level of diversification as mining giants such as Glencore (GLEN.L) and Anglo American (AAL.L)."

Meanwhile, London has become home to a number of initial public offerings this year as the City seeks to attract more listings from innovative companies.

A boom in firms listing on the London Stock Exchange powered it to the best first quarter for listings in 15 years.

Watch: What are negative interest rates

ENDEAVOUR TO ANNOUNCE ITS Q2 AND INTERIM 2021 RESULTS ON 4 AUGUST 2021

London, 14 July 2021 – Endeavour Mining plc (LSE: EDV) (TSX:EDV) will release its Q2 and interim 2021 financial results on Wednesday 4 August, before the LSE market open.

Management will host a conference call and webcast on the same day, Wednesday 4 August, at 8:30 am ET / 1:30 pm BST to discuss the Company's financial results.

The conference call and webcast are scheduled at:
5:30am in Vancouver
8:30am in Toronto and New York
1:30pm in London
8:30pm in Hong Kong and Perth

The webcast can be accessed through the following link:
https://edge.media-server.com/mmc/p/j5h3ojje

Analysts and investors are also invited to participate and ask questions using the dial-in numbers below:
International: +44 (0) 2071 928338
North American toll-free: +18778709135
UK toll-free: +44 (0) 8002796619

Confirmation Code: 2858954

The conference call and webcast will be available for playback on Endeavour's website.

Click here to add a Webcast reminder to your Outlook Calendar

CONTACT INFORMATION

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

Attachment

• Endeavour Q2 results notification

Vancouver, British Columbia–(Newsfile Corp. – July 14, 2021) – TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is very pleased to announce that, further to the Company's news release dated February 10, 2020, International Lithium Corp. ("ILC") announced on July 8, 2021 a resource estimate related to the Mariana Lithium Project in Salta Province, Argentina. TNR Gold holds a 1.8% net smelter returns ("NSR") royalty on the Mariana Lithium Project.

The news release issued by ILC stated:

"The Company has now received a 300 page report (the "Report") from strategic partner Ganfeng Lithium Co. Ltd., ("GFL") that contains an updated mineral resource estimate for the Mariana lithium brine project (the "Project") located in Salta, Argentina. This Report was not prepared for public NI43-101 reporting standards, and therefore the Company is unable to disclose it fully. However, in the interests of investor transparency and to avoid selective disclosure, we are disclosing the following details from the Report which have already been disclosed in a news release issued by Ganfeng Lithium on July 6, 2021, and/or in a news release by the Salta Government in Argentina on June 16, 2021.

Highlights from the Report which are already in the public domain are as follows:

1. The resource estimate contained in the Report, detailed in the table below, includes:

• 6,854,000 tonnes of lithium carbonate ("Li₂CO₃") equivalent (LCE) in the Measured and Indicated Resource categories, an increase of 55% over the 2019 estimate of 4,410,000 tonnes of Measured and Indicated Resource (Company news release, February 6, 2020)

• an additional 1,267,000 tonnes of Li₂CO₃ in the Inferred Resource category

• these amounts are also now stated as 7,863,000 tonnes of lithium chloride equivalent in the Measured and Indicated Resource categories, and an additional 1,454,000 tonnes of lithium chloride equivalent in the Inferred Resource category

1. Ganfeng have reported that an Environmental Impact Report approval has been received from the Salta regional government in Argentina for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

2. The Salta regional government has disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

Report – Mariana Lithium Brine Project, Argentina

Further to previous Company news releases dated March 8, 2017, April 20, 2017, and February 6, 2020, ILC has received the Report for the Mariana lithium brine project containing an update to the resource estimate for the Project. Golder Associates Consulting Ltd. ("Golder") prepared the Report based on an independent lithium brine resource estimate by Geos Mining Minerals Consultants ("Geos") based in Sydney, Australia.

* Brine volumes are reported using a conservative aquifer average specific yield (SY) of 15%. Due to the nature of brine deposits, it is not relevant to estimate Mineral Resources to a specific cut-off grade. However, a nominal grade cut-off value of 230 mg/L Li has been applied for reporting purposes only.
^# Based on standard conversion rates, and assumes full extraction and conversion.
LCE = Lithium Carbonate Equivalent; conversion factor 5.324 (Ministry of Energy and Mines, British Columbia, Canada).
LiCl = Lithium Chloride; conversion factor 6.1078
Figures have been rounded. Well efficiency and production efficiency are modifying factors to resources and reserves, respectively.

The Qualified Person who prepared the brine resource estimate in the Report is Llyle Sawyer, MAIG of Geos. The effective date for the estimate is June 4, 2021.

Mineral resources are not mineral reserves as defined by the Canadian Institute of Mining and Metallurgy, and the Company cannot guarantee that the resources reported here will be converted to mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability."

Kirill Klip, Executive Chairman of the Company commented, "I am very pleased to see this 55% increase in measured and indicated resources after the previously announced in 2020 increase ​of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng on the successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment ("PEA"), announced in our news release of January 28, 2019. It was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana's life of mine cashflow, which has now been very significantly increased.

We welcome the news from the Salta regional government disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

TNR Gold does not have to contribute any capital for the development of Mariana and our NSR Royalty does not depend on the size of ILC's potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is a very important part of TNR Gold's portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders."

The ILC press releases and website material appear to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify ILC's information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.

ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-five years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company's expertise, resources and industry network, it identified the potential of the Los Azules Copper Project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.

In 2009, TNR founded International Lithium Corp. ("ILC"), a green energy metals company that was made public through the spin-out of TNR's energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company's NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.

TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.

The Company's strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.

At its core, TNR provides significant exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules Copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the Board of Directors,

Kirill Klip
Executive Chairman

www.tnrgoldcorp.com

For further information concerning this news release please contact +1 604-229-8129

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.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "will", "could" and other similar words, or statements that certain events or conditions "may" or "could" occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR's corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining's and ILC's PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the Company's interim and annual Management's Discussion and Analysis which are available under the Company's profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90196

Investors in Freeport-McMoRan Inc. FCX need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 21, 2022 $5.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?

Clearly, options traders are pricing in a big move for Freeport shares, but what is the fundamental picture for the company? Currently, Freeport is a Zacks Rank #3 (Hold) in the Mining – Non Ferrous industry that ranks in the Top 30% of our Zacks Industry Rank. Over the last 60 days, three analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 70 cents per share to 73 cents in that period.

Given the way analysts feel about Freeport right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?

Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.

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Image source: The Motley Fool. First Majestic Silver Corp (NYSE: AG)Q2 2021 Earnings CallJul 14, 2021, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorThank you for standing by.

TORONTO, ON / ACCESSWIRE / July 14, 2021 / Cadillac Ventures Inc. ("Cadillac" or the "Company") (TSXV:CDC) announces the consolidation, effective July 15, 2021, of its issued and outstanding common shares at a ratio of three (3) pre-consolidated shares to one (1) post-consolidation share (the "Consolidation"). The purpose of the Consolidation is to facilitate the Company's ability to attract future financings, generate greater investor interest and improve trading liquidity.

Prior to the Consolidation, the Company had 150,960,910 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 50,320,303 common shares issued and outstanding. All fractional shares are to be rounded down to the nearest whole number of common shares.

Registered shareholders holding share certificates have been mailed a letter of transmittal advising of the Consolidation and instructing them to surrender their share certificates representing pre-consolidation shares for replacement certificates or a direct registration advice representing their post-consolidation shares.

The Company received shareholder approval for the Consolidation at its Annual and Special Meeting of Shareholders held on November 11, 2020 and board approval on May 20, 2021.

The Consolidation was accepted by the TSX Venture Exchange on July 13, 2021 to be effective as of July 15, 2021.

Cautionary statement regarding forward-looking statements

This press release contains 'forward-looking statements' within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "assumes", "potential" and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements and expectations. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while based on Cadillac's respective expectations and considered reasonable at the time they were made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including those described in Cadillac's respective public disclosure documents on SEDAR at www.sedar.com. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this release. Unless required by law, Cadillac does not intend to, or assume any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, please visit Cadillac's website www.cadillacventures.com, or contact Norman Brewster, President and Chief Executive Officer, at 905-837-2000.

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

SOURCE: Cadillac Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/655605/Cadillac-Ventures-Inc-Announces-Share-Consolidation

The Zacks Fertilizers industry is riding on strong demand and pricing fundamentals for major crop nutrients including phosphate and potash. The underlying strength of the agricultural market, a rally in crop commodity prices and healthy farm economics are spurring demand for fertilizers globally.

Industry players like Nutrien Ltd. NTR, Yara International ASA YARIY, The Mosaic Company MOS and CF Industries Holdings, Inc. CF are poised to gain from higher demand for fertilizers in the major markets. Factors like healthy farm income and expectations of increased planted acres are expected to drive demand globally in the near term.  

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Vancouver, British Columbia and Johannesburg, South Africa–(Newsfile Corp. – July 14, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group" "PTM" or the "Company") and subsidiary Lion Battery Technologies Inc. ("Lion") reports that the U.S. Patent and Trademark Office has issued a third patent to Florida International University ("FIU") related to platinum group metals ("PGMs") being used in lithium batteries. Specifically, this third patent is related to PGMs in the "Next Generation" Lithium Sulphur Batteries. Under a sponsored research agreement, Lion has exclusive rights to all technology being developed by FIU with Lion funding, including granted patents.

The new patent was issued on June 15, 2021, entitled "Battery Cathodes for Improved Stability" with patent number US 11,038,160 B2. The patent covers a preparation method using PGM catalysts in carbon materials for use as cathodes with increased emphasis on Lithium Sulphur Batteries. The new patent broadens protection for US patent 10,734,636 B2 issued to FIU on August 4, 2020, covering the composition of carbon cathodes containing PGMs.

Lithium Sulphur Batteries are well known to have the potential for a significant increase in power to weight ratios over traditional lithium-ion batteries popular in EV applications, such as those utilizing nickel, manganese and cobalt or "NMC" cathodes. One of the challenges in Lithium Sulphur Batteries is getting them to charge and discharge hundreds of times as required in commercial settings.

Dr. Bilal El-Zahab, the project leader of the Lion Battery work at FIU commented, "We are pleased to receive this important patent for the use of PGMs in Lithium Sulphur Batteries. As outlined in our patent application, we are seeing 2 times capacity retention after 100 cycles using PGMs versus the control group without PGMs. We have observed Lithium Sulphur Batteries with cycling performance at nearly 300 cycles with greater than 70% capacity retention relative to the first cycle. We are still working on optimizing performance and we are working towards 500+ cycles. The initial results are encouraging and indicate that PGMs can bring significant performance improvements to high power to weight Lithium Sulphur Batteries."

In addition to the above new patent, a further final patent application has also been filed for specific application of PGMs in most lithium batteries, including current lithium-ion chemistries. A PGM bearing separator is showing good promise to extend the life of a lithium metal anode, which for example, may allow for weight savings by the elimination of graphite at the anode.

R. Michael Jones, CEO of Platinum Group said, "Lion's patents and research work continue to show the potential of PGMs to improve the performance of lithium batteries. PGMs are well known to be good catalysts, encouraging reactions, and a little bit can go a long way. Using PGMs to thrift out other costly and heavy battery components while improving battery performance is the focus of our exciting research."

Lion is a private company formed jointly in 2019 by Anglo American Platinum Limited, one of the world's leading primary producers of platinum group metals, and the Company to accelerate the development of next-generation battery technology using platinum and palladium. The Company currently owns 53.7% in Lion. Dr. El-Zahab, with prior battery research and development experience and post-doctoral work completed at the Massachusetts Institute of Technology, is the head of the Lion battery research team and was recently appointed to the Board of Lion Battery Technologies Inc.

About Platinum Group Metals Ltd.

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a 19.5 million ounce proven and probable reserve, bulk underground palladium, platinum and gold deposit located in South Africa. The Waterberg Project was discovered by PTM and is being jointly developed with Impala Platinum Holdings Ltd., Japan Oil, Gas and Metals National Corporation, Mnombo Wethu Consultants (Pty) Ltd. and Hanwa Co. Ltd.

Platinum Group Metals is investing in energy efficiency innovation, such as with Lion, where PGMs can play an important role. As the majority owner of the Waterberg Project, the Company views the innovative use of PGMs in new technology as an opportunity.

For further information contact:
R. Michael Jones, President
or Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE American have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

The recent COVID-19 pandemic and related measures taken by government create uncertainty and have had, and may continue to have, an adverse impact on many aspects of the Company's business, including employee health, workforce productivity and availability, travel restrictions, contractor availability, supply availability, the Company's ability to maintain its controls and procedures regarding financial and disclosure matters and the availability of capital and insurance and the costs thereof, some of which, individually or when aggregated with other impacts, may be material to the Company.

This press release contains forward-looking information within the meaning of Canadian securities laws and forward-looking statements within the meaning of U.S. securities laws (collectively "forward-looking statements") including statements regarding the development of the Waterberg project and the potential benefits and results thereof; the potential use of palladium and platinum in lithium battery applications; the development of Lithium Sulphur Batteries and the potential benefits of utilizing palladium and platinum therein; the commercialization of Lithium Sulphur Batteries; the application for patent rights with respect to the use of platinum group metals in lithium batteries; the potential use and benefits of a bearing containing platinum group metals in lithium metal anodes; the ability of the Company to continue to provide funding for Lion; the market for platinum group metals, the cost and potential of platinum group metals in batteries, and Lion's development of next generation battery technology; the Waterberg Project becoming one of the largest and potentially lowest cash cost underground platinum group metals mines globally, financing and mine development of the Waterberg Project; and the Company's other future plans and expectations. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct.

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 possible adverse impacts due the global outbreak of COVID-19 (as described above), the Company's inability to meet its funding requirements and other obligations under the sponsored research agreement between Lion and FIU, the Company's inability to generate sufficient cash flow or raise sufficient additional capital to make payment on its indebtedness, and to comply with the terms of such indebtedness; additional financing requirements; the US $20 million senior secured facility with the Sprott Private Resource Lending II (Collector), LP ("Sprott") entered into August 21, 2019 (the "2019 Sprott Facility") is, and any new indebtedness may be, secured and the Company has pledged its shares of Platinum Group Metals (RSA) (Pty) Ltd. ("PTM RSA"), and PTM RSA has pledged its shares of Waterberg JV Co. to Sprott, under the 2019 Sprott Facility, which potentially could result in the loss of the Company's interest in PTM RSA and the Waterberg Project in the event of a default under the 2019 Sprott Facility or any new secured indebtedness; the Company's history of losses and negative cash flow; the Company's ability to continue as a going concern; the Company's properties may not be brought into a state of commercial production; uncertainty of estimated production, development plans and cost estimates for the Waterberg Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, between actual and estimated metallurgical recoveries and between estimated and actual production; fluctuations in the relative values of the U.S. Dollar, the Rand and the Canadian Dollar; volatility in metals prices; the uncertainty of alternative funding sources for Waterberg JV Co.; the Company may become subject to the U.S. Investment Company Act; the failure of the Company or the other shareholders to fund their pro rata share of funding obligations for the Waterberg Project; any disputes or disagreements with the other shareholders of Waterberg JV Co. or Mnombo; the ability of the Company to retain its key management employees and skilled and experienced personnel; conflicts of interest; litigation or other administrative proceedings brought against the Company, including the appeal of the mining right; an adverse decision on the appeal on the Mining Right could delay or prevent the Company from having the mining right reinstated and developing the Waterberg Project; actual or alleged breaches of governance processes or instances of fraud, bribery or corruption; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada and South Africa; equipment shortages and the ability of the Company to acquire necessary access rights and infrastructure for its mineral properties; environmental regulations and the ability to obtain and maintain necessary permits, including environmental authorizations and water use licences; extreme competition in the mineral exploration industry; delays in obtaining, or a failure to obtain, permits necessary for current or future operations or failures to comply with the terms of such permits; risks of doing business in South Africa, including but not limited to, labour, economic and political instability and potential changes to and failures to comply with legislation; the Company's common shares may be delisted from the NYSE American or the Toronto Stock Exchange if it cannot maintain compliance with the applicable listing requirements; and the other risk factors described in the Company's Form 20-F annual report, annual information form and other filings with the Securities and Exchange Commission and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90150

Compass Minerals shares jump as the company reports a discovery of lithium, a key ingredient in electric vehicle batteries.

VANCOUVER, BC / ACCESSWIRE / July 14, 2021 / Granite Creek Copper Ltd. (TSX.V:GCX | OTCQB:GCXXF) ("Granite Creek" or the "Company") is pleased to announce that Simcoe Geophysics has completed a 20.8 line kilometer ("km") induced polarization (IP) survey on the Company's Carmacks North target area. Preliminary results from the survey have identified several near surface chargeability anomalies that have been prioritized as trenching and reverse circulation ("RC") drill targets for Phase 2 of the 2021 season.

Granite Creek further announces the completion of Phase 1 of its 2021 drilling program, which consisted of 19 holes totalling 6355 meters of diamond drilling on Zones 1, 2000S and 13 of the Carmacks deposit. The first tranche of assays from Phase 1 are expected very soon and will be released in batches as received and reviewed by the Company. With this initial stage of drilling completed, Vision Quest Exploration, based in Whitehorse, Yukon, has mobilized a reverse circulation ("RC") drill rig to the property and commenced Phase 2 drilling which is expected to consist of approximately 3000 meters.

Given the early start to the 2021 field season and encouraging early indications of success, Granite Creek has made the decision to expand the previously defined 10,000-meter program by adding a third phase which is expected to add an additional 2700 meters of diamond drilling to the overall program. Launch date for Phase 3 is tentatively targeted for early September, with potential to bring that forward to late August. The Company will provide further guidance in this regard in the ensuing weeks.

Granite Creek President & CEO, Tim Johnson, commented, "We are extraordinarily pleased with the progress we have made to date in advancing the Carmacks project. It is a testament to the strength and dedication of our team that we have been able to maintain a very aggressive pace as we move towards an updated 43-101 resource estimate and subsequent economic assessment. This drill campaign has been a showcase of professionalism from our site teams and contractors, and we are very much looking forward to carrying that momentum ahead through Phase 2 and the newly announced Phase 3. In total, we are now expecting to complete over 13,000 meters of drilling, data from which will be incorporated into the new resource update being targeted for Q4."

Carmacks North Target Area

The Carmacks North Target area is comprised of Zones A-D, as well as additional targets currently being developed. Prior to the Granite Creek's inaugural drill program completed last fall (see news release dated Feb 11, 2021), little work had been completed on the area since 1980. Historical high-grade copper intercepts of up to 2.52% Cu, 1.64 g/t Au, 12.84 g/t Ag over 19.81 meters were successfully followed up with intercepts of 4.31% Cu, 3.41 g/t Au, 23.78 Ag over 4.36 meters and 0.97% Cu, 0.32 g/t Au, 2.84 g/t Ag over 25 meters. Recognizing the discovery potential in the target area the Company is pleased to deploy modern, advanced exploration tools such as the Alpha Induced Polarization survey employed by Simcoe Geophysics. Capable of measuring the chargeability and resistivity of the rock up to 1000m below the surface these types of surveys greatly improves the chance of success with drilling. The use of a rapidly deployable drill rig such as the RC rig being supplied by Vision Quest along with excavator trenching allows for testing of multiple high priority targets during a single field season.

COVID-19 Protocols

Granite Creek has worked closely with the Yukon government to develop a COVID-19 safety plan that enables the Company to implement an effective work plan while maintaining the highest degree of safety of our workers and surrounding communities. The Company strictly adheres to mandates put in place by health authorities at the Federal and Territorial government level and holds the health and safety of our workers, and the citizens of the communities in which we work, in the highest regard.

OTCQB Metals and Mining Virtual Conference

Granite Creek Copper will be presenting at the upcoming Green Energy and Precious Metals Investor Conference hosted by OTC Markets on July 29 at 1:30pm ET. President & CEO, Tim Johnson, will provide a comprehensive overview of the Company, including an update on 2021 exploration activities to date and upcoming newsflow. To register, click here.

Figure 1: Oblique view of the UBC 2D DCIP inversion sections of the chargeability from 20.8 km of IP collected by Simcoe Geophysics over Carmacks North

Figure 2: 2D IP chargeability model of Line 3

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176 square kilometer Carmacks project in the Minto copper district of Canada's Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Explorations Ltd, to the north and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.

Qualified Person

Ms. Debbie James, P.Geo., a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

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

SOURCE: Granite Creek Copper Ltd.

View source version on accesswire.com:
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VANCOUVER, British Columbia, July 14, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) is pleased to announce that an addendum was entered into between the Corporation and ScoZinc Mining Ltd. ("ScoZinc") (TSXV: SZM) (the "Addendum"), in order to amend and supplement the arrangement agreement entered into among the parties on February 12, 2021 (the "Arrangement Agreement"), whereby Fancamp will indirectly acquire all of the issued and outstanding securities of ScoZinc by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction").

Pursuant to the terms of the Addendum, Fancamp and ScoZinc have agreed to extend the original closing deadline of July 2, 2021 to August 2, 2021, in consideration of Fancamp’s payment to ScoZinc of $125,000. To the extent that the Transaction does not close by August 2, 2021, Fancamp may obtain further extension of the closing deadline to September 2, 2021, in consideration of an additional payment of $125,000 to ScoZinc.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. As indicated previously, it has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information includes, but is not limited to, information and statements relating to future benefits arising from the Arrangement Agreement as amended and the development and future production of the relevant mining properties. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, uncertainties relating to the development of the relevant mining properties and risks relating to the terms and duration of any government orders suspending or limiting operations that are applicable to Fancamp or the relevant mining properties; the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210714005528/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

TORONTO, July 14, 2021 (GLOBE NEWSWIRE) — Sparton Resources Inc. (TSXV: SRI) ("Sparton" or the "Company") reported today that VRB Energy Inc. (“VRB Energy”) recently announced that it has been selected by the China State Power Corporation to install a 500KWh vanadium flow battery at the National Photovoltaic and Energy Demonstration Experimental Center (“the Center”) in Daqing, north-eastern China.

The Center has agreed to purchase a 125KW/500KWh all vanadium redox flow battery energy storage system from VRB Energy. The unit will be installed at the Center and used as an evaluation and demonstration unit to assist in developing the Peoples Republic of China’s (“PRC”) industrial energy storage policies and technical standards as part of the nation’s commitment to carbon neutrality.

The Center is PRC’s first integrated photovoltaic and energy storage evaluation site approved by the National Energy Administration. Its mandate is to produce systematic scientific research data on the practical operation of integrated photovoltaic energy generation and energy storage technology. The operating performance of the system will be fully evaluated and assist in setting technical standards and industry policies for future installations in the PRC.

The Center and the battery system are scheduled to be completed and fully functional by September 26^th, 2021. Once operational, the Center will evaluate performance and promote technological innovation, and the application of scientific protocols within the entire energy storage industry chain. This work will include evaluation of the integration of photovoltaic/vanadium battery storage systems into diversified industries according to their power needs and provide guidance for new and larger scale photovoltaic and energy storage projects. Locally it will promote urban transformation and development, and the revitalization of the Daqing Area and all of north-eastern China.

VRB Energy has been selected for the project amongst several competitors and is being recognized as the supplier of choice in China for this evaluation of vanadium redox battery energy storage systems. It has advanced technology and the ability to deliver reliable, efficient, and safe installations.

“Sparton is delighted with this news,” stated Lee Barker, Sparton CEO. “This is a clear recognition that VRB Energy is the leading vanadium flow battery manufacturer in China and bodes well for new future sales. The new Gen3 system nearing completion in development will be another milestone in VRB Energy’s technical development journey.”

The Company owns a minority interest in VRB Energy through its subsidiary, VanSpar Mining Inc.

Information regarding the Company’s interest held in VRB Energy is as Follows:

Sparton’s 89.8% owned subsidiary, VanSpar Mining Inc., registered in the British Virgin Islands, owns 9.8% of VRB Energy which is registered in the Cayman Islands, which in turn owns 100% of VRB Energy Systems, registered in China, and is the vanadium flow battery manufacturer. Full information regarding the history of the VRB Energy investment interest held by Sparton is in its various news releases and available at www.sedar.com in its corporate filings.

For more information contact:

A. Lee Barker, M.A Sc., P. Eng.
President and CEO
Tel./Fax: 647-344-7734 or Mobile: 416-716-5762
Email: info@spartonres.ca Website: www.spartonres.ca

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

Forward Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

We Seek Safe Harbor

Vancouver, British Columbia–(Newsfile Corp. – July 14, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed the first hole of its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland, intersecting multiple quartz veins, with visible gold evident in one vein. The 100% owned Golden Promise Property is one of the company's eight properties, which cover an area of 25,700 hectares, located within the central Newfoundland gold belt.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Great Atlantic" in the search box.

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This is a resumption of Phase 2 diamond drilling at the gold bearing Jaclyn Zone, located within the northern region of the Golden Promise Property, which hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones. The current Phase 2 drilling will include up to 33 drill holes, totalling approximately 5,000 metres, at the gold bearing Jaclyn Zone with holes planned at the Jaclyn Main Zone and Jaclyn North Zone.

Drill hole GP-21-149, an in-fill hole, was drilled to a length of 96 meters, within the west region of the Jaclyn Main Zone between 2019 drill holes which had intersected high grade gold mineralization. Drilling is underway on GP-21-150, also an in-fill hole in the western part of the Jaclyn Main Zone. Multiple quartz veins were intersected in GP-21-149, with visible gold evident in a 0.30-meter long (core length) quartz vein intersected between 50.10 to 50.40 meters. Drill core from GP-21-149 is currently being geologically logged and sampled at the company's secure facility in central Newfoundland prior to being submitted to a certified laboratory for gold assay and multi-element analysis.

The objective of these holes and subsequent holes is to further define the zone and provide information for an updated resource estimate. Most of these holes are planned within the central to west region of the zone, testing above 200 metres vertical depth, with two holes planned in the east part of the Jaclyn Main Zone to test the zone at 200 to 350 metres vertical depth.

Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts of 113.07 grams per tonne gold over 0.55 metres and 61.35 grams per tonne gold over 2.04 metres, and 15.8 grams per tonne gold over 2.70 metres, plus an interval of multiple gold bearing veins in one drill hole averaging 2.30 grams per tonne gold over 25.25 metres. The planned drilling at the Jaclyn North Zone will further test the area east of historic drill holes including the area of an approximate 300-metre long zone of gold-bearing quartz vein boulders.

Three drill holes completed by the company during 2020 in this area intersected gold bearing quartz veins and extended the Jaclyn North quartz vein system approximately 260 metres east of historic drilling. The company collected gold bearing quartz boulder samples in this area during 2017, including samples returning 163, 208 and 332 grams per tonne and again in 2020 including samples returning 17.4, 26.7 and 157.6 grams per tonne gold.

The company reported a NI 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 grams per tonne gold for 119,000 ounces uncapped.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup, a volcano-sedimentary terrane. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project.

Viewers are warned that mineralization at the Valentine Gold Project, the Moosehead Gold Project, the Queensway Project, and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization on the company's Golden Promise Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90190

Shares of Compass Minerals International (NYSE: CMP) shot up this morning and gained as much as 17.9% as of 9:40 a.m. EDT. The otherwise boring company that primarily deals in salt and plant nutrients has made a discovery that has the potential to turn its fortunes around. On July 13, Compass Minerals announced the discovery of a lithium brine resource with nearly 2.4 million metric tons of lithium carbonate equivalent (LCE) at its solar evaporation site in Ogden, Utah.

Toronto, Ontario–(Newsfile Corp. – July 14, 2021) – ATEX Resources Inc. (TSXV: ATX) ("ATEX") is pleased to report an updated interpretation of the geology of the Valeriano Copper Gold Project, located 125 kilometres southeast of Vallenar, Chile within the northern section of El Indio Mineral Belt. The new interpretation, developed after detailed relogging of 26,848 metres of historic drill core and reverse circulation drill chips, combined with results from the recent ATEX mapping and drilling programs, suggests that the Valeriano copper gold porphyry mineralization may trend closer to surface to the southwest of the main area of the previous drilling campaigns.

The Valeriano Copper Gold Porphyry Deposit currently hosts an inferred resource of 297.3 million tonnes grading 0.59% copper, 0.193 grams per tonne gold and 0.90 grams per tonne silver (0.77% copper equivalent) at a cut-off grade of 0.50% copper (maiden resource estimate, September 20, 2020 ATEX press release) for contained metal totals of 1.77 million tonnes copper, 1.84 million ounces gold and 8.62 million ounces of silver (2.30 million tonnes copper equivalent). In addition to the Copper Gold Porphyry Deposit, Valeriano also hosts the near surface Gold Oxide Deposit and the newly discovered GBV gold zone (July 6, 2021 ATEX press release).

"The new geological interpretation, the culmination of months of detailed relogging of drill core and chips undertaken by a team of geologists with particular expertise in El Indio Belt porphyry systems, suggests that copper gold porphyry mineralization may extend much closer to the surface, southwest of the area of previous drilling," said Raymond Jannas, President and CEO of ATEX. "This new area provides a significant exploration opportunity and, during the upcoming drill season, represents a high priority target for the expansion of the Valeriano Copper Gold Porphyry Deposit."

Valeriano Copper Gold Porphyry Deposit Geology

The detailed relogging program, combined with the surface mapping during the recent ATEX exploration program, resulted in a significantly better understanding of the geometry and distribution of the porphyry-related intrusives and the copper gold porphyry and gold oxide mineralization systems.

The relogging program developed the identification of six distinctive porphyry intrusives with five related to the development of the porphyry copper gold mineralization (VP1 to VP5) and one post mineral, dacitic intrusive that cuts all stages of mineralization: copper gold porphyry and gold oxide. Intrusives VP1 and VP2 have the highest copper and gold grades and intensity of veining and intrusives VP3 to VP5 display diminished grades and quartz veining. Figure 1 shows representative samples with approximate grade distribution of the various porphyries.

Figure 1 – Valeriano Porphyry Intrusives and Associated Average Grades

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6303/90271_f642d4db94d13a30_001full.jpg

The recent surface mapping identified a southwest block with outcropping VP4 and VP5 intrusives which cut a zone of gray-banded gold-bearing quartz veins, the GBV gold zone, characteristic of gold mineralization within the Maricunga Gold District. Relogging of historical holes also defined the presence of porphyries, not previously recognized, at shallow depths. This evidence supports the interpretation that the Valeriano porphyry system may extend to the southwest of previous area of drilling and the copper gold mineralization may also occur closer surface in this unexplored area. This opens a great exploration opportunity for a major copper gold porphyry cluster. Figure 2 is a schematic section representing new geological observations.

Figure 2 – Geological Section Valeriano Copper Gold Prophyry

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6303/90271_f642d4db94d13a30_002full.jpg

National Instrument 43-101 Compliance and Resource Disclosure

The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for ATEX's exploration activities in Chile is Sergio Diaz, a resident of La Senera, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51, in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.

The Valeriano Copper Gold Porphyry Deposit copper equivalent grades are calculated based upon a Cu price of $3.00 per pound, Au price of $1,800 per oz and Ag price of $25.00 per oz (all prices in US$). Minor discrepancies may exist due to rounding. Metal recoveries were not considered. Cut-off grades are for reporting purposes only and no economic conditions are implied. The formula for Cu Eq. % calculation:

Figure 3 – Formula for Cu Eq. % calculation

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6303/90271_capture.png

About ATEX Resources Inc.

ATEX is a mineral exploration company focused on the acquisition, development and monetization of projects throughout the Americas. ATEX's flagship Valeriano Copper Gold Project is located in Chile's prolific El Indio Mineral Belt.

For further information please contact:

Raymond Jannas
President and CEO

Email: rjannas@atexresources.com

or visit ATEX's website at www.atexresources.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This news release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties; the success of evaluation plans; the success of exploration activities; mine development prospects; and, potential for future metals production. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: changes in economic parameters and assumptions; all aspects related to the timing of exploration activities and receipt of exploration results; the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; the results of regulatory and permitting processes; future metals price; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour disputes and other risks of the mining industry; the results of economic and technical studies; delays in obtaining governmental approvals or financing or in the completion of exploration; as well as those factors disclosed in ATEX's publicly filed documents.

Although ATEX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of the content of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90271

In this article, we will be looking at the 10 best agriculture stocks to invest in. If you want to skip our detailed analysis of the agriculture sector, you can go directly to see the 5 Best Agriculture Stocks to Invest In.

When the pandemic broke out, a range of industries and sectors were horribly impacted and adversely affected, particularly in light of disruptions in global supply chains. The food and agriculture sector is no stranger to these developments and faced unprecedented volatility due to the pandemic. As people stopped going out to eat because of stay-at-home restrictions, demand for food materials from restaurants and the like plummeted, as consumer spending on food dropped by 47% in April last year, as compared to three months prior. At the same time, demand for foodstuffs and agricultural produce rose as more people began cooking at home, as witnessed by a 22% increase in consumer spending on homemade food last March.

Despite the increased volatility in the sector, sustainable agriculture and the agtech sector witnessed a rise in investor support and spending when the pandemic broke out. A TechAccel article claimed that in 2020, about $6.9 billion were poured into 385 companies in the sustainable agriculture and agtech sectors, a stunning increase in comparison to 2017 numbers of $3.4 billion in investment across 245 companies. This, coupled with the fact that demand for agricultural commodities has been rising after the initial setbacks during the starting months of the pandemic, has meant that the agriculture sector has started to become an attractive investment opportunity.

S&P Global has cited US Department of Agriculture statistics indicating that the demand for agricultural products may be rising because of China's grain purchases, with corn imports so far this year having reached an all-time high of 24 million mt. Along with the rising demand for agricultural products, we are also seeing rising prices with US corn, soybean, and wheat costs having risen by about 30-120% in the last one year period until the end of April. Despite this, demand for agricultural products remains robust, and the industry seems set to benefit in the long run, with major agriculture stocks like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM) and The Scotts Miracle-Gro Company (NYSE: SMG) at the forefront. Hence, we have compiled a list of the best agriculture stocks to invest in.

Photo by Sebastian Gómez on Unsplash

Investing is becoming difficult by the day, even for the smart money. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Without further ado, let's look at the 10 best agriculture stocks to invest in. The stocks added to our list below were selected on the basis of hedge fund sentiment, analysts' ratings, fundamentals, and growth potential based on core business strengths.

Best Agriculture Stocks To Invest In

10. Gladstone Land Corporation (NASDAQ: LAND)

Number of Hedge Fund Holders: 6

Gladstone Land Corporation (NASDAQ: LAND) is a real estate investment trust that operates in the acquisition and ownership of farmland and farm-related properties in American agricultural markets. The company leases its properties to third-party farmers. It ranks 10th on our list of the best agriculture stocks to invest in.

This March, B. Riley Securities raised its price target on Gladstone Land Corporation (NASDAQ: LAND) from $17.50 to $21 with a Buy rating on the shares. Analyst Craig Kucera commented that 2021 would be a year of exceptional growth for the company. Gladstone Land Corporation (NASDAQ: LAND) also acquired yet another 639 gross acres of farmland in California this June for about $24.5 million.

In the first quarter of 2021, Gladstone Land Corporation (NASDAQ: LAND) had an FFO of $0.18, beating estimates by $0.04. The company's revenue was $16.03 million, up 4.93% year over year and beating estimates by $0.80 million. Gladstone Land Corporation (NASDAQ: LAND) has a gross profit margin of 88.95% and has gained 63.89% in the past 6 months and 67.67% year to date.

As of the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in Gladstone Land Corporation (NASDAQ: LAND) worth roughly $7.1 million. This is compared to 11 hedge funds in the previous quarter with a stake value of about $17.29 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), Gladstone Land Corporation (NASDAQ: LAND) is a good agriculture stock to buy.

9. Tyson Foods, Inc. (NYSE: TSN)

Number of Hedge Fund Holders: 28

Tyson Foods, Inc. (NYSE: TSN) is a global food company. It processes live-fed cattle and live market hogs, raises and processes chickens, and supplies poultry breeding stock among other services. The company ranks 9th on our list of the best agriculture stocks to invest in.

This May, Tyson Foods, Inc. (NYSE: TSN) was upgraded to Buy at Argus, with a $92 price target on the shares. Analyst John Staszak used the company's positive fiscal second-quarter earnings report to justify the upgrade, commenting that Tyson Foods, Inc.'s (NYSE: TSN) balance sheet and financial resources are highly beneficial for the company, and it will also gain from a rising protein demand. Staszak followed this up by raising his EPS view for the company to $6.20.

In the fiscal second quarter of 2021, Tyson Foods, Inc. (NYSE: TSN) had an EPS of $1.34, beating estimates by $0.21. The company's revenue was $11.30 billion, up 3.78% year over year and beating estimates by $110.31 million. Tyson Foods, Inc. (NYSE: TSN) has a gross profit margin of 14.06% and has gained 13.2% in the past 6 months and 14.25% year to date.

As of the end of the first quarter of 2021, 28 hedge funds out of the 866 tracked by Insider Monkey held stakes in Tyson Foods, Inc. (NYSE: TSN) worth roughly $761 million. This is compared to 38 hedge funds in the previous quarter with a stake value of about $867 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), Tyson Foods, Inc. (NYSE: TSN) is a good agriculture stock to buy.

8. FMC Corporation (NYSE: FMC)

Number of Hedge Fund Holders: 32

FMC Corporation (NYSE: FMC) is an agricultural sciences company providing crop protection, plant health, precision agriculture, and professional pest and turf management products. It ranks 8th on our list of the best agriculture stocks to invest in.

This February, Monness Crespi upgraded FMC Corporation (NYSE: FMC) from Neutral to Buy with a $126 price target. The company has also provided Q2 guidance for its EPS and revenue this May, seeing an EPS of $1.68-$1.88 versus estimates of $1.81, and revenue of $1.19-$1.26 billion.

In the first quarter of 2021, FMC Corporation (NYSE: FMC) had an EPS of $1.53, beating estimates by $0.02. The company's revenue was $1.20 billion, also beating estimates by $21.06 million. FMC Corporation (NYSE: FMC) has a gross profit margin of 43.66% and has gained 7.06% in the past year.

As of the end of the first quarter of 2021, 32 hedge funds out of the 866 tracked by Insider Monkey held stakes in FMC Corporation (NYSE: FMC) worth roughly $499 million. This is compared to 45 hedge funds in the previous quarter with a stake value of about $571 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), FMC Corporation (NYSE: FMC) is a good agriculture stock to buy.

7. Nutrien Ltd. (NYSE: NTR)

Number of Hedge Fund Holders: 33

Nutrien Ltd. (NYSE: NTR) is a provider of crop inputs, services, and solutions. The company provides consumers with potash, nitrogen, phosphate, and sulfate products, alongside financial solutions, and ranks 7th on our list of the best agriculture stocks to invest in.

This July, RBC Capital raised its price target on Nutrien Ltd. (NYSE: NTR) from $63 to $69, keeping an Outperform rating on the shares. Analyst Andrew Wong commented that Nutrien Ltd. (NYSE: NTR) is set to benefit from a robust ag environment and rising prices of fertilizers, which will foreseeably raise the company's estimates and cash flow.

In the first quarter of 2021, Nutrien Ltd. (NYSE: NTR) had an EPS of $.029, beating estimates by $0.20. The company's revenue was $4.45 billion, up 11.90% year over year and surpassing the previous quarter's $3.85 billion revenue. Nutrien Ltd. (NYSE: NTR) has a gross profit margin of 26.86% and has gained 15.35% in the past 6 months and 24.22% year to date.

As of the end of the first quarter of 2021, 33 hedge funds out of the 866 tracked by Insider Monkey held stakes in Nutrien Ltd. (NYSE: NTR) worth roughly $895 million. This is compared to 25 hedge funds in the previous quarter with a stake value of about $754 million.

Like Caterpillar Inc. (NYSE: CAT), Bunge Limited (NYSE: BG), Archer-Daniels-Midland Company (NYSE: ADM), and The Scotts Miracle-Gro Company (NYSE: SMG), Nutrien Ltd. (NYSE: NTR) is a good agriculture stock to buy.

Miller/Howard Investments, an investment management firm, mentioned Nutrien Ltd. (NYSE: NTR) in its first-quarter 2021 investor letter. Here's what they said:

6. The Scotts Miracle-Gro Company (NYSE: SMG)

Number of Hedge Fund Holders: 34

The Scotts Miracle-Gro Company (NYSE: SMG) is a manufacturer and seller of consumer lawn and garden products in the US and internationally. It offers fertilizers, grass seed products, pest and disease control products, and other related items. The company ranks 6th on our list of the best agriculture stocks to invest in.

This June, UBS initiated coverage of The Scotts Miracle-Gro Company (NYSE: SMG) with a Buy rating and a $225 price target. Raymond James has also kept its Strong Buy rating on the shares as of this June.

In the fiscal second quarter of 2021, The Scotts Miracle-Gro Company (NYSE: SMG) had an EPS of $5.64, beating estimates by $0.07. The company's revenue was $1.83 billion, up 32.25% year over year and beating estimates by $95.86 million. The Scotts Miracle-Gro Company (NYSE: SMG) has a gross profit margin of 32.75% and has gained 31.39% in the past year.

As of the end of the first quarter of 2021, 34 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Scotts Miracle-Gro Company (NYSE: SMG) worth roughly $445 million. This is compared to 29 hedge funds in the previous quarter with a stake value of about $454 million.

Roubaix Capital LLC, an investment management firm, mentioned The Scotts Miracle-Gro Company (NYSE: SMG) in its fourth-quarter 2020 investor letter. Here's what they said:

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

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Disclosure: None. 10 Best Agriculture Stocks to Invest In is originally published on Insider Monkey.

Vancouver, British Columbia–(Newsfile Corp. – July 14, 2021) – Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") and GoldSpot Discoveries Corp (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot"), a leading technology services company leveraging machine learning to transform the mineral discovery process, are pleased to report on the results of a property-wide comprehensive data review, compilation and drill target selection on the Wilding Gold Project ("Wilding") in Newfoundland using traditional geological and machine learning methods. The results of this exercise identified 54 prospective areas, ranked in order of priority with 10 areas identified as high priority drill targets.

Chris Pennimpede, CEO & President of Canterra, commented, "The Wilding Gold Project continues to evolve with exceptional targets that have yet to be tested. Making discoveries under till cover is challenging, and the team at Goldspot have delivered high-confidence drill targets from the robust surface and geophysical data sets that exist at Wilding. These targets are now being ground truthed by our field crews in preparation for drilling in the late summer – early fall. With GoldSpot's proven track record of new discoveries, we are very excited to start drill and testing these new targets."

Denis Laviolette, Executive Chairman of GoldSpot, commented, "Our team of leading geoscientists and data scientists continue to deliver unrivalled results for our clients through our artificial intelligence backed services and technology portfolio. These 10 high priority drill targets are the result of an extensive investigation and analysis of the Wilding Gold Project ranging from mapping and trenching, structural studies, geochemistry, geophysical magnetic surveys and regional digital elevation maps. We look forward to working with the Canterra exploration team to validate these targets and further advance the project."

GoldSpot Target Generation

GoldSpot is a mining-focused technology company working with the leading exploration and mining names in the industry to apply cutting-edge Artificial Intelligence ("AI") algorithms to significantly increase the efficiency and success rate of mineral exploration. Recent successes by GoldSpot with both leading producers and explorer/developers have demonstrated the potential to expand resources and make new discoveries using this advanced analytical technology.

GoldSpot utilizes its proprietary 'Smart Targeting' approach to distill all available geological information from large land packages and identify the most efficient and cost-effective way to explore, saving time, resources, and capital.

The information used in the GoldSpot investigation at Wilding included: geological data from mapping and trenching, structural studies; geochemical data including >13,000 soil samples and >400 rock samples; geophysical magnetic surveys and regional digital elevation maps. Significant findings include:

Geology and Mineralization

• Wilding exhibits: 1) a structurally controlled quartz + tourmaline + gold vein system with siderite + ankerite + sericite wall-rock alteration, adjacent to the veins (Elm-Alder-Dogberry zones), and 2) disseminated-style gold mineralization hosted by magnetite-rich feldspar porphyry.

• Through the compilation and review of historic work, GoldSpot highlighted important geological features:

  • Mineralization is focused, near and along the southern contact of the Rogerson Lake Conglomerate.

  • Prospective units are the Rogerson Lake Conglomerate, a felsic volcanic unit, a magnetic feldspar porphyry unit and a tonalitic intrusive from the Crippleback Intrusive Suite.

  • At least three generation of mineralized veins are documented. The thickest veins (<1 m) (first generation) trend approximately ENE-WSW. The orientations of later generations of veins are a function of the local stress-regime and may coincide with the orientation of lineaments identified by geophysics.

  • Felsic volcanic rocks also host a distinct type of polymetallic Zn + Cu + Pb + Ag + Au veins.

Geophysics

• Reinterpretation of magnetic field data highlighted two main sets of faults in NW-SE and N-S orientations (Figure 1), which crosscut ENE-WSW trending along geological structures and lineaments. The orientation of faults and lineaments and their intersections are potentially favourable for gold.

• GoldSpot also identified the same fault and lineament orientations in the East Alder Property adjacent to Canterra's Wilding Gold Property by using publicly available geophysical data.

• Areas of demagnetization that may have been caused by gold-related alteration have been identified along and at the intersection of the fault and lineaments.

Geochemistry

• Using the soil gold geochemistry, GoldSpot applied inverse distance weighting (IDW) gridding techniques to identify that there is a strong mineralization signal in surficial samples, corroborating known occurrences. This signal extends to the southwest and northeast, along trend. (Figure 2)

• Interpretation of soil grids also highlighted additional prospective zones and trends that extend from drilled occurrences, (purple dashed lines on Figure 2):

  • Interpretation of multielement ICP soil data also shows good correlation with pathfinder elements.

Areas for further exploration selected by GoldSpot lie in favourable host units near known occurrences, along lineaments and faults, at their intersections or in complex structural settings, and comprises favourable soil signature (Figure 3).

Figure 1 – Interpreted lineaments, contacts and faults in Wilding and East-Alder properties, over reduced to pole magnetics.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8054/90145_d6154bc0046899d9_001full.jpg

Figure 2 – Levelled gold in soils grid using IDW interpolation method. Levelling geochemical data creates a unitless ratio, so values on the legend do not represent ppm, ppb, etc.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/8054/90145_capture_550.jpg

Figure 3 – Selected target areas for exploration by GoldSpot in the vicinity of the known vein systems, over 1VD magnetics

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/8054/90145_d6154bc0046899d9_004full.jpg

About Canterra Minerals

Canterra is earning a 100% interest in the Wilding and Noel Paul Gold Projects, located 50km south, by logging road, from Millertown and directly northeast of Marathon Gold's Valentine Lake Gold Project in Central Newfoundland. The 243km² property package includes 50km of the northeastern strike-extension of the Rogerson Lake Structural Corridor, which hosts Marathon Gold's Valentine Lake deposits, Matador Mining's Cape Ray deposit, Sokoman's Moosehead discovery and TRU Precious Metals' Golden Rose and Twilight discoveries. A $2.75 million exploration program is underway, focusing on drilling and surface exploration on the Wilding Gold Project. This program will include additional diamond drilling on the existing zones and follow up trenching and diamond drilling on numerous targets identified from previous soil geochemistry sampling. Canterra's team has more than 100 years of experience searching for gold and diamonds in Canada and have been involved in the discovery of the Snap Lake diamond mine, in addition to the discovery of the Blackwater Gold deposit in British Columbia, Canada.

The scientific and technical information and exploration data quality assurance and control contained in this news release were prepared under the supervision of David Evans, M.Sc., P.Geo., Manager of Exploration for Canterra. Mr. Evans is a Qualified Person as defined by National Instrument ("NI") 43-101.

ON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION
Chris Pennimpede
President & CEO

Additional information about the Company is available at www.canterraminerals.com
For further information, please contact: +1 (604) 687-6644
Email: info@canterraminerals.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 Information
This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects.; the business and operations of the Company; unprecedented market and economic risks associated with current unprecedented market and economic circumstances due to the COVID-19 pandemic, as well as those risks and uncertainties identified and reported in the Company's public filings under its respective SEDAR profile at www.sedar.com. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90145

• Signs Impact Benefit Agreement with Buffalo River Dene Nation,

• Signs Mutual Benefit Agreement with Birch Narrows Dene Nation,

• Appoints Community Based Project Liaison Manager, and

• The Court of Queen's Bench for Saskatchewan Dismisses MN-S Application,

VANCOUVER, BC, July 14, 2021 /CNW/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE MKT: NXE) is pleased to announce the signing of an Impact Benefit Agreement ("IBA") with the Buffalo River Dene Nation ("BRDN"), and the signing of a Mutual Benefit Agreement ("MBA") with the Birch Narrows Dene Nation ("BNDN"), covering all phases of the Rook I Project ("Rook I" or the "Project"), which hosts the 100% owned Arrow uranium deposit.

The Rook I Project is located within the traditional territory of BRDN and BNDN. Both the IBA and MBA define the environmental, cultural, economic, employment and other benefits to be provided to the BRDN and BNDN by NexGen in respect of the Project and confirm the consent and support of both BRDN and BNDN for the Project throughout its complete lifecycle, including reclamation. The Agreements were negotiated and developed out of the Study Agreements signed in 2019. The Study Agreements formalized engagement with the communities to identify potential impacts to Aboriginal and treaty rights and socio-economic interests, and identify potential avoidance and accommodation measures in relation to the Project whilst acknowledging the duty to consult remains with the Crown. Note, the Agreements do not abrogate, extinguish, or constitute the abandonment of any existing Aboriginal, inherent, or treaty rights of the BRDN and BNDN recognized and affirmed pursuant to Section 35 of the Constitution Act, 1982. Importantly, the Agreements are entered into in recognition of the Aboriginal and Treaty Rights of the BRDN and the BNDN.

Chief Elmer Campbell of Buffalo River Dene Nation, commented: "The jobs and business opportunities that our members will be able to obtain with the Project incorporating elite environmental and cultural practices is very exciting. Our community and NexGen have built a meaningful relationship over the past six years based on trust, respect and confidence. The Agreement reflects those key principles. We look forward to the advancement of the Project throughout all phases of its lifecycle."

Chief Jonathan Sylvester of Birch Narrows Dene Nation commented: "I am pleased to announce that we have signed an MBA with NexGen. The Project is still going through the regulatory process to determine its safety and we are participating in that process. On meeting the regulatory requirements, our community stands to benefit with environmental monitoring, jobs, business opportunities, and payments to support community priorities. NexGen has been working with us in a respectful way."

Furthermore, Chief Jonathan Sylvester released a video with his message to BNDN regarding the MBA. The video is available here: BNDN MBA Video

Eric Sylvestre, Birch Narrows Dene Nation Economic Development Officer, commented: "We are pleased to be involved in a project that creates opportunities for our community while still protecting the environment. Past projects from industry passed us by. This represents a major opportunity for us."

Leigh Curyer, Chief Executive Officer of NexGen, commented: "The signing of the Agreements reflects the meaningful respect, trust and commitment developed over the past six years between NexGen and the communities of BRDN and BNDN. The Agreements formalize NexGen's commitment to work in partnership with all local communities, with the mutual objective to responsibly develop the Rook I Project. The genuine commitment to their communities displayed by Chief Campbell and Chief Sylvester, along with their respective Councils and teams, and NexGen's approach to sustainable development of the Rook I project, is reflected in the signing of these industry leading Agreements. We look forward to immediately advancing the exciting elements of these Agreements and our genuine approach to all communities in the Local Project Area."

Appointment of Robert St. Pierre to Project Liaison Manager

Further, NexGen is pleased to announce that in support of NexGen's commitment to local communities, Robert St. Pierre will be joining the team as Project Liaison Manager based out of the Company's office in La Loche. Robert brings a wealth of experience as past President, Local Métis 39, and having served as the mayor of La Loche from 2016 to 2020. NexGen has had the privilege of working closely with Robert since 2016, and his deep commitment to the advancement of local communities will support bringing prosperity and meaningful benefits to the communities where we operate.

The Court of Queen's Bench for Saskatchewan Dismisses MN-S Application

On July 12, 2021, the Court of Queen's Bench for Saskatchewan dismissed an Application filed by the Métis Nation-Saskatchewan ("MN-S") in which the MN-S sought an interlocutory injunction against NexGen to prevent the Project from proceeding with the environmental assessment process through the planned submission of the Environmental Impact Statement.

NexGen continues to progress the development of a sustainable and responsible Project, that in turn has the power to create sustainable long-term benefit and opportunity for all local communities in the Project Area over multiple generations.

Troy Boisjoli, Vice-President, Exploration and Community, commented: "Since 2013, we have been working with all of the communities local to the Project, as evidenced by the successful development and implementation of meaningful community programs focused on education, health and wellness, and economic capacity building. NexGen has and always will be committed to providing significant sustainable benefits and opportunities in a respectful and responsible manner. Effective partnerships developed with local communities is a key aspect of that commitment, and we continue to welcome constructive negotiations with the MN-S to deliver substantial benefits to the members of the Métis Nation-Saskatchewan-Northern Region II across all phases of the Project."

About NexGen

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

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

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward looking information in this press release includes, but is not limited to, statements regarding use of proceeds.

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

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, impact of the COVID-19 pandemic, including related to the length, severity and spread of the pandemic and measures taken by governmental authorities and public health officials in respect of the pandemic, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 19, 2021 under "Risk Factors".

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

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

View original content:https://www.prnewswire.com/news-releases/nexgen-community-update-301333388.html

SOURCE NexGen Energy Ltd.

View original content: http://www.newswire.ca/en/releases/archive/July2021/14/c1482.html

Compass Minerals International, Covanta, American Airlines, CIT Group and J.B. Hunt Transport are five stock gainers for Wednesday.

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Sabina Gold & Silver (TSE:SBB) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for Sabina Gold & Silver

How Long Is Sabina Gold & Silver's Cash Runway?

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at March 2021, Sabina Gold & Silver had cash of CA$72m and no debt. In the last year, its cash burn was CA$40m. So it had a cash runway of approximately 21 months from March 2021. Notably, analysts forecast that Sabina Gold & Silver will break even (at a free cash flow level) in about 3 years. Essentially, that means the company will either reduce its cash burn, or else require more cash. You can see how its cash balance has changed over time in the image below.

How Is Sabina Gold & Silver's Cash Burn Changing Over Time?

Because Sabina Gold & Silver 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. With the cash burn rate up 40% in the last year, it seems that the company is ratcheting up investment in the business over time. That's not necessarily a bad thing, but investors should be mindful of the fact that will shorten the cash runway. Clearly, however, the crucial factor is whether the company will grow its business going forward. So you might want to take a peek at how much the company is expected to grow in the next few years.

How Easily Can Sabina Gold & Silver Raise Cash?

While Sabina Gold & Silver does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Sabina Gold & Silver has a market capitalisation of CA$567m and burnt through CA$40m last year, which is 7.1% of the company's 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 Sabina Gold & Silver's Cash Burn Situation?

On this analysis of Sabina Gold & Silver's cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. One real positive is that analysts are forecasting that the company will reach breakeven. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. Separately, we looked at different risks affecting the company and spotted 4 warning signs for Sabina Gold & Silver (of which 1 is a bit concerning!) you should know about.

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.

As of late, it has definitely been a great time to be an investor in Albemarle Corporation ALB. The stock has moved higher by 11.3% in the past month, while it is also above its 20-day SMA too. This combination of strong price performance and favorable technical could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider ALB’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as ALB has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Figure 1

Off Channel Reservoir Mining

Figure 2

New Nobsin River Bridge Crossing

Figure 3

Fuel Storage Area under construction

Figure 4

Surface Water Management Pond under construction

Figure 5

Orezone hosts the Burkina Faso Minister of Energy and Mines, and Coris Bank at Bomboré, June 2021

VANCOUVER, British Columbia, July 14, 2021 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to provide an update on construction progress at its Bomboré Gold Project in Burkina Faso.

Patrick Downey, President and CEO stated, “Significant progress has been achieved during the first half of 2021 and I am very pleased to report that the project capital cost remains consistent with the estimate in the 2019 Feasibility Study (“2019 FS”) and the project is on schedule and fully funded to pour first gold in Q3-2022. Over the past several months, raw material costs such as steel, copper, and plastics have trended higher along with logistics and transportation costs. The ability to maintain our capital budget during this period of increasing global inflationary pressures is a testament to the work and preparedness of the Orezone team and our consulting engineers. It is also a reflection of the high quality of the 2019 FS as our bulk material quantities such as earthworks, steel, piping, and platework are all trending favourably to those estimated in the 2019 FS. We will be posting monthly video updates of progress to keep our shareholders and stakeholders fully informed of all ongoing construction activities over the next year.”

Highlights

• Bulk quantities tracking 2019 feasibility study: Engineering is now over 60% complete and progressing on schedule. All bulk quantities for the project remain at or within the estimates in the 2019 FS.

• Major orders made prior to global materials cost inflation: The Company, together with its engineering consultants, completed detailed reviews and optimization studies during 2020 to ensure a smooth start to detailed engineering and procurement at the award of the EPCM contract. This facilitated rapid tendering and procurement of the major process plant equipment. Firm orders have now been placed for most mechanical and electrical equipment including the ball mill, CIL agitators, CIL inter-tank screens, mineral sizer, apron feeder, vibrating screens, slurry pumps, all gold recovery circuit equipment, and high voltage switchgear and transformers. Orders for major bulk items such as HDPE membranes and geotextiles, HDPE piping, concrete rebar, tank platework, and all major structural steel have also been placed.

• Major construction contracts awarded: Contracts have been awarded for the Plant Concrete, CIL Tank Erection, and Overland and Tailing Pipeline Installation. Tenders for the plant Structural/Mechanical/Piping (“SMP”) are under evaluation and will be awarded in the coming weeks. This leaves only the Electrical & Instrumentation installation contract which will be the final major site installation package and will follow the award of the SMP but is generally the lowest cost of these 4 major contracts. To date, all contracts are trending on budget.

• Site earthworks and site infrastructure: Early civil works to provide year-round access to all construction areas including additional camp upgrades to meet peak occupancy, the construction of the Nobsin River haul road bridge, clearing and grubbing of the tailings storage facility (“TSF”), the process plant footprint, and the mine access roads are now complete. Construction of the TSF will commence in August.

• Plant Power: The power purchase agreement (“PPA”) signed providing life of mine LNG and solar generated power for the Phase I oxide plant (see news release dated June 2, 2021).

• Mining of the Off-Channel Reservoir (“OCR”): This contract was awarded to a local mining contractor and mobilization commenced in February 2021 with the first bench mined in March 2021. The OCR is the first ore pit to be mined and will also function as the main water storage for the project during operations and be available to the surrounding communities after mine closure. The OCR is expected to be completed before the onset of the 2022 rainy season in June. Mining is progressing very well with costs and material movement tracking to plan.

Mining and Resource Reconciliation

Prior to commencing mining of the OCR, a detailed 20,000 metre grade control drilling program was undertaken. Results have been incorporated into the block model and reconciliation on both tonnes and grade compared to the 2019 FS for the OCR has been positive. Overall, the reserve tonnes and ounces are approximately 30% above those estimated in the 2019 FS. Grade control drilling will now focus on the Maga and Maga Hill pit areas which will be the source of the planned higher-grade ore feed to the process plant in the first 1 to 2 years of gold production.

Development Update Pictures and Video:

Orezone’s first monthly Bomboré construction video for May 2021 can be viewed at https://bit.ly/May21Construction.

Figure 1: Off Channel Reservoir Mining

https://www.globenewswire.com/NewsRoom/AttachmentNg/d2ac02d5-ad9f-4cc3-81a3-0665349c3b36

Figure 2: New Nobsin River Bridge Crossing

https://www.globenewswire.com/NewsRoom/AttachmentNg/95b8a77f-e3da-4149-b2e5-e87c52274f06

Figure 3: Fuel Storage Area under construction

https://www.globenewswire.com/NewsRoom/AttachmentNg/941009b4-7485-4e4c-80ea-ab8cdf72fbaa

Figure 4: Surface Water Management Pond under construction

https://www.globenewswire.com/NewsRoom/AttachmentNg/8d743341-9003-4103-86c0-d3d991aaad80

Figure 5: Orezone hosts the Burkina Faso Minister of Energy and Mines, and Coris Bank at Bomboré, June 2021

https://www.globenewswire.com/NewsRoom/AttachmentNg/ec508c94-2916-467a-8625-5e45178897a5

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

Ian Chang, P. Eng., VP Projects, is the Qualified Person who has approved the technical information in this news release.

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 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.