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In this article we will take a look at the 15 best gold mining stocks to invest in. You can skip our detailed analysis of the mining industry’s outlook for 2021 and some of the major growth catalysts for mining stocks, and go directly to the 5 Best Gold Mining Stocks to Invest In.

Gold has always been seen as one of the most valuable and profitable commodities by long-term investors. The weakening of the dollar and uncertainties regarding traditional stocks result in the escalation of gold prices and in turn, gold stocks. For example, between 1998 and 2008, the gold prices grew manifold, reaching nearly $2,000 per ounce in 2012. Gold investments work as an exceptional hedge against inflation, especially when the national currency is declining.

According to a report by McKinsey & Company, the gold industry has delivered a 33% return to the shareholders in 2020. Despite the rise in prices and solid earnings, the gold mining industry did face the repercussions of the pandemic in 2020, putting over 8 million ounces of gold production in grave peril. However, the gold mining industry is recovering from the after-effects of the pandemic and is expected to rise 5.5% in 2021. According to Mining.com, gold production is projected to grow at a CAGR of 2.9% at over 124.1 million ounces by 2024. The growth rate of mining can certainly accelerate the precious metals and gold prices, resulting in some fruitful investments.

World Gold Council reports that in 2020, China remained the biggest producer of gold, accounting for over 11% of the total global production, followed by Russia and Australia. However, some of the major gold mining companies are headquartered in Canada, including Barrick Gold Corporation (NYSE: GOLD), Agnico Eagle Mines Limited (NYSE: AEM), Alamos Gold Inc. (NYSE: AGI), Franco-Nevada Corporation (NYSE: FNV), etc. These companies, along with some other gold mining giants, are expected to generate over $50 billion in 2021, compared with $38 billion in 2020, according to the analysts at McKinsey. In 2020, Barrick Gold Corporation (NYSE: GOLD) generated over $12 billion in revenues, with gold revenue soaring by 27%. Similarly, Freeport-McMoRan Inc. (NYSE: FCX), one of the largest mining companies, generated $14.2 billion in 2020.

Bank of America BofA expects the gold stocks to gain in 2021 due to growing production and net gold output. According to BofA, Newmont Corporation (NYSE: NEM) will reach 6.5 million ounces of gold production in 2021 and the bank included the stock in its top gold picks. The company is also added to the bank’s high-conviction buy list. Moreover, the share price of Newmont Corporation (NYSE: NEM) also gained over 55% in the past five years.

In addition to Newmont Corporation (NYSE: NEM), BofA also highlighted Agnico Eagle Mines Limited (NYSE: AEM) and Kinross Gold Corporation (NYSE: KGC) as ‘Buy’ and raised their price targets.

Image by Tshekiso Tebalo from Pixabay

In light of these, let's analyze our list of the 15 best gold mining stocks to invest in. We took into account hedge fund sentiment, analysts' ratings, long-term growth potential and fundamentals while choosing these stocks.

Best Gold Mining Stocks to Invest In

15. New Gold Inc. (NYSE: NGD)

Number of Hedge Fund Holders: 14

New Gold Inc. (NYSE: NGD) is a Canada-based mining company that specializes in the operation, exploration, and development of gold and other precious metals. The company ranks fifteenth on our list of the best gold mining stocks to invest in.

New Gold Inc. (NYSE: NGD) reported a strong first quarter with net earnings of $8 million and an EPS of $0.01. The revenue was recorded at $164.9 million, up from $142.3 million during the same period last year. The company produced 96,026 ounces and sold over 91,800 ounces of gold in Q1. The gold revenue stood at $112.4 million, compared with $98 million in the prior-year quarter. According to the company, the increased activity at Rainy River and New Afton will drive stronger financial results in 2021, in-line with its estimates.

In May, National Bank raised its price target to $4 on the stock, rating it as ‘Outperform’.

As of Q1 2021, 14 hedge funds tracked by Insider Monkey have positions in New Gold Inc. (NYSE: NGD), up from 12 in the previous quarter. The total value of these stakes is $70 million. Renaissance Technologies is the leading shareholder of the company with 17.7 million shares, worth $27.3 million.

Like Hecla Mining Company (NYSE: HL), Wheaton Precious Metals Corp. (NYSE: WPM), Freeport-McMoRan Inc. (NYSE: FCX), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Agnico Eagle Mines Limited (NYSE: AEM) and Franco-Nevada Corporation (NYSE: FNV), New Gold Inc. (NYSE: NGD) is one of the best gold mining stocks to buy now.

14. AngloGold Ashanti Limited (NYSE: AU)

Number of Hedge Fund Holders: 14

AngloGold Ashanti Limited (NYSE: AU) is a gold mining company with headquarters in Johannesburg, South Africa. The company is the third-largest gold producer in the world with the production of 3.047 million ounces of gold in 2020.

In Q1 2021, AngloGold Ashanti Limited (NYSE: AU) reported a 42% year-over-year growth in headline earnings at $203 million or $0.48 per share. The revenue for the quarter stood at $979 million, up from $905 million during the same period last year. The gold production saw a 7% decline at 588,000 ounces, accounting for $956 million of the total revenue. The company’s strong numbers are driven by higher gold prices and the accelerated redevelopment project of its Obuasi mine in Ghana, which resulted in production growth by 53% year-over-year. These current earnings are in line with its 2021 guidance. AngloGold Ashanti Limited (NYSE: AU) expects gold production to reach $3.4 million ounces per year by 2025.

Earlier in March, Renaissance Capital raised its price target on AU stock to ZAR 450, ranking it as ‘Buy’.

At the end of Q1 2021, 14 hedge funds tracked by Insider Monkey have positions in AngloGold Ashanti Limited (NYSE: AU), worth $319 million.

Like Barrick Gold Corporation (NYSE: GOLD), Alamos Gold Inc. (NYSE: AGI), and Hecla Mining Company (NYSE: HL), AngloGold Ashanti Limited (NYSE: AU) is one of the best gold mining stocks to invest in.

13. Gold Fields Limited (NYSE: GFI)

Number of Hedge Fund Holders: 15

Gold Fields Limited (NYSE: GFI) is a gold mining company based in South Africa. The company has nine operating mines in Australia, West Africa, South Africa, Peru, and Chile. The South Deep gold mine is one the largest gold mines in the world with reserves of over 81.4 million ounces of gold. The company ranks thirteenth on our list of the best gold mining stocks to invest in.

In Q1 2021, the revenue is driven by the company’s production level and sales from gold. Gold Fields Limited (NYSE: GFI) generated over $1.7 billion in revenue, presenting 14% year-over-year growth. The company produced 541,000 ounces of gold, showing 0.7% growth from the prior-year quarter. The gold production is in line with 2021 guidance of 2.3 to 2.35 million ounces. In the past year, the stock has delivered a 36% As of June, 5 analysts from WSJ rank the GFI stock as a ‘Buy’ with a price target of $12.2.

At the end of Q1 2021, 15 hedge funds tracked by Insider Monkey have positions in Gold Fields Limited (NYSE: GFI), worth $323 million. AQR Capital Management is the leading shareholder of the company with 12.4 million shares, worth $117 million.

Like Agnico Eagle Mines Limited (NYSE: AEM), Newmont Corporation (NYSE: NEM), and Franco-Nevada Corporation (NYSE: FNV), Gold Fields Limited (NYSE: GFI) is one of the best gold mining stocks to invest in.

12. Hecla Mining Company (NYSE: HL)

Number of Hedge Fund Holders: 16

Hecla Mining Company (NYSE: HL) is an American mining company that specializes in gold, silver, and other precious metals. The company has the largest reserve in the U.S. and produces a third of the country’s silver. Its operating mines are located in Alaska, Idaho, and Quebec, Canada.

In Q1 2021, Hecla Mining Company (NYSE: HL) reported a net income of $30.6 million, with an EPS of $0.06, beating the market consensus of $0.04. The company managed to generate the second-highest revenue in 130 years at $210 million, presenting 54% year-over-year growth. Sales from gold generated over $101 million, up from $90 million in the prior-year quarter, whereas revenue from silver stood at $77.7 million. In Q1, Hecla Mining Company (NYSE: HL) also increased its quarterly dividend by 28.4% at $0.0112 per share. The HL stock saw its all-time low in March 2020 due to the global market cash but recovered quickly, gaining over 124% in the past year. In June, RBC Capital maintained its price target of $10 on HL stock, ranking it as a ‘Buy’.

At the end of Q1 2021, we see that number of hedge funds having positions in Hecla Mining Company (NYSE: HL) increased to 16, compared with 10 in the previous quarter. The total value of these stakes is $39.7 million.

Like Barrick Gold Corporation (NYSE: GOLD), Alamos Gold Inc. (NYSE: AGI), and Wheaton Precious Metals Corp. (NYSE: WPM), Hecla Mining Company (NYSE: HL) is one of the best gold mining stocks to invest in.

11. Sibanye Stillwater Limited (NYSE: SBSW)

Number of Hedge Fund Holders: 16

Sibanye Stillwater Limited (NYSE: SBSW) is a mining company based in South Africa that mainly deals in gold, platinum, and palladium. The company is the largest producer of platinum and the third-largest producer of gold. In 2020, the company produced over 0.98 million ounces of gold with reserves of over 15.5 million ounces of gold. It ranks eleventh on our list of the best gold mining stocks to invest in.

In Q1 2021, Sibanye Stillwater Limited (NYSE: SBSW) reported strong earnings, presenting a 78% growth, compared with the same period last year. The revenue was recorded at $1.3 billion. The average prices for four platinum group metals PGM showed a 59% year-over-year growth, whereas the gold price grew by 8% in Q1.

The company produced over 249,392 ounces of gold, accounting for $92 million of the revenue. In 2021, Sibanye Stillwater Limited (NYSE: SBSW) expects the PM output to reach approximately 680,000 ounces from operations in the U.S. The stock’s performance has also remained consistent over the years, soaring by 87% in the past year. The company’s dividend policy states a payment of 25% to 35% of earnings to shareholders. Recently, RBC Capital raised its price target to $28, rating it as an 'Outperform'.

Like Hecla Mining Company (NYSE: HL), Wheaton Precious Metals Corp. (NYSE: WPM), Freeport-McMoRan Inc. (NYSE: FCX), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Agnico Eagle Mines Limited (NYSE: AEM) and Franco-Nevada Corporation (NYSE: FNV), Sibanye Stillwater Limited (NYSE: SBSW) is one of the best gold mining stocks to buy now.

At the end of Q1 2021, 16 hedge funds tracked by Insider Monkey have positions in Sibanye Stillwater Limited (NYSE: SBSW), worth $272 million. AQR Capital Management is the biggest shareholder of the company with 5.2 million shares, worth $93.5 million.

Desert Lion Capital released its Q1 2021 investor letter and mentioned Sibanye Stillwater Limited (NYSE: SBSW) and other stocks. Here is what the firm has to say:

“Sibanye is a South African gold and platinum group metals (“PGM”) producer with mines in South Africa and the U.S. Established in 2012, it has since become one of South Africa’s largest gold producers and the largest PGM producer in the world. Sibanye also operate a PGM recycling facility and own a majority interest in DRDGOLD, a specialist in the recovery of gold and other precious metals from open pit tailings.

The investment thesis incorporates the following logic:

If central banks globally are going to continue printing money unabated, precious metals prices should rise.

The drive for cleaner and greener is accelerating. The market for platinum, palladium and rhodium is structurally attractive.

The company is generally mischaracterized. Ask around, and one will find that most people still refer to Sibanye as “a South African gold miner” with “lots of debt from that Stillwater acquisition.” (Click here to see the full text)

10. Royal Gold, Inc. (NASDAQ: RGLD)

Number of Hedge Fund Holders: 17

Royal Gold, Inc. (NASDAQ: RGLD) is an American metal stream and royalty company that mainly partners with operators in building their portfolio containing precious metal assets. The company deals in gold, silver, nickel, copper, cobalt, etc. Royal Gold, Inc. (NASDAQ: RGLD) has recently come in a $100 million contract with Ero Gold for gold production in its mine in Brazil. The company ranks tenth on our list of the best gold mining stocks to invest in.

In Q3 FY21, Royal Gold, Inc. (NASDAQ: RGLD) reported a net income of $55.2 million, up from $44.3 million during the same period last year. The EPS for the quarter stood at $0.84, beating the market estimate by $0.05. The revenue also saw 5% year-over-year growth at $142 million. The company generated 68% of the revenue from gold and 12% from silver. In Q3, Royal Gold, Inc. (NASDAQ: RGLD) also increased its dividend by 7% at $0.30 per share. The RGLD stock soared by 6.6% in the past six months and 5.7% year to date. Earlier in March, JP Morgan initiated its coverage of Royal Gold, Inc. (NASDAQ: RGLD) and ranked the stock ‘Overweight’ with a price target of $143.

At the end of Q1 2021, 17 hedge funds tracked by Insider Monkey have positions in Royal Gold, Inc. (NASDAQ: RGLD), worth $237 million.

Like Hecla Mining Company (NYSE: HL), Wheaton Precious Metals Corp. (NYSE: WPM), Freeport-McMoRan Inc. (NYSE: FCX), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Agnico Eagle Mines Limited (NYSE: AEM) and Franco-Nevada Corporation (NYSE: FNV), Royal Gold, Inc. (NASDAQ: RGLD) is one of the best gold mining stocks to buy now.

Argosy Investors recently released its Q1 2021 investor letter and mentioned Royal Gold, Inc. (NASDAQ: RGLD) in it. Here is what the firm has to say:

“Gold royalties business achieve 2 objectives for us: 1) It’s a good business model with strong returns through the gold price cycle; and 2) it provides some protection from inflation, should it materialize due to the increasingly loose fiscal and monetary policy decisions the United States (and other developed market economies) is making.

I don’t want to stay on my soapbox for too long, but this is the first time in history that I’m aware of politicians openly stating that debt levels don’t matter, even in the long term. In 2019, the government spent $4.4 trillion. Of those expenditures, $0.4 trillion was spent making interest payments on existing debt at the time of $16.9 trillion. The interest rate on that debt was 2.4%. Debt for 2021 is projected to increase to $22.5 trillion, and then to $33 trillion by the end of the decade." (Click here to see the full text)

9. Franco-Nevada Corporation (NYSE: FNV)

Number of Hedge Fund Holders: 20

Franco-Nevada Corporation (NYSE: FNV) is a royalty and streaming company that specializes in gold mining. It has its headquarters in Toronto, Canada. In 2020, the company sold over 521,564 ounces of gold, which accounted for 91% of the total revenue. It ranks ninth on our list of the best gold mining stocks to invest in.

In Q1 2021, Franco-Nevada Corporation (NYSE: FNV) posted strong results, largely driven by mines’ expansion and exploration successes. The net income of the company presented 47% year-over-year growth at $160 million. The EPS for the quarter stood at $0.84, beating the market estimate by $0.03. The revenue also showed 38% growth, compared with Q1 2020 at $308.9 million. The sales from 107,500 ounces of gold accounted for $190 million, equivalent to 85% of the total revenue. Franco-Nevada Corporation (NYSE: FNV) also reported a 15.4% increase in the quarterly dividend to $0.30 per share. The company guided a 25% growth in revenue by 2026. After seeing its low in March 2020, the FNV stock has bounced back and gained over 11% in the past year. The stock has delivered a 6.46% return to shareholders in the past year. In May, National Bank raised its price target on FNV stock to $200, with a 'Sector Perform' rating.

At the end of Q1 2021, 20 hedge funds tracked by Insider Monkey have positions in Franco-Nevada Corporation (NYSE: FNV), worth $933 million. With 4.8 million shares, worth $606 million, Renaissance Technologies is the biggest shareholder of the company.

Like Alamos Gold Inc. (NYSE: AGI), Hecla Mining Company (NYSE: HL), and Newmont Corporation (NYSE: NEM), Franco-Nevada Corporation (NYSE: FNV) is one of the best gold mining stocks to invest in.

8. Alamos Gold Inc. (NYSE: AGI)

Number of Hedge Fund Holders: 22

Alamos Gold Inc. (NYSE: AGI) is a Canada-based gold producer with three operating mines in Canada and Mexico. The company has ongoing projects in the U.S., Turkey, Mexico, and Canada. As of December 2020, Alamos Gold Inc. (NYSE: AGI) has over 9.8 million ounces of mineral reserves, with gold reserves accounting for 3.3 million ounces.

In Q1 2021, Alamos Gold Inc. (NYSE: AGI) reported strong earnings, meeting the company’s guidance. The net earnings for the quarter stood at $49 million, up from $29 million during the same period last year. The EPS met the market consensus at $0.13. The company beat on revenue by $5.92 million at $227 million, presenting 28.5% year-over-year growth.

In Q1, Alamos Gold Inc. (NYSE: AGI) produced 125,000 ounces of gold, up 14% during the same period last year. In 2021, the company expects gold production to reach 470,000 to 510,000 ounces. Moreover, $208 million was paid to shareholders through dividends and repurchases. In May, National Bank raised its price target on AGI stock to $14.25, keeping an 'Outperform' rating.

Since 2018, Alamos Gold Inc. (NYSE: AGI) has reported a 400% growth in dividends and declared a quarterly dividend of $0.025 per share. In Q1 2021, the number of hedge funds having stakes in Alamos Gold Inc. (NYSE: AGI) increased to 22 from 17 in the previous quarter. The total value of these stakes is $267.9 million.

Like Hecla Mining Company (NYSE: HL), Wheaton Precious Metals Corp. (NYSE: WPM), Freeport-McMoRan Inc. (NYSE: FCX), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Agnico Eagle Mines Limited (NYSE: AEM) and Franco-Nevada Corporation (NYSE: FNV), Alamos Gold Inc. (NYSE: AGI) is one of the best gold mining stocks to buy now.

7. Kirkland Lake Gold Ltd. (NYSE: KL)

Number of Hedge Fund Holders: 25

Kirkland Lake Gold Ltd. (NYSE: KL) is a gold mining company headquartered in Toronto, Canada. The company has operations in Canada and Australia. It is one of the largest gold mining companies which produced 1.3 million ounces of gold in 2020. The company ranks seventh on our list of the best gold mining stocks to invest in.

In Q1 2021, Kirkland Lake Gold Ltd. (NYSE: KL) reported net earnings of $167.8 million or $0.63 per share. The revenue for the quarter stood at $551.8 million. The gold production exceeded the guidance of 290,000 ounces and was recorded at 302,847 ounces. The strong earnings are driven by additional drilling at Detour Lake and enhanced exploration activities after Covid-19.

In 2021, the company’s production target is between 1.3 to 1.4 million ounces. In Q1, Kirkland Lake Gold Ltd. (NYSE: KL) returned $96.6 million to shareholders, $50.3 million of which was paid in dividends. Earlier in May, RBC Capital set a price target of $43 on KL stock, ranking it as a ‘Buy’. In 2021, the company’s production target is between 1.3 to 1.4 million ounces.

At the end of Q1 2021, 25 hedge funds tracked by Insider Monkey have positions in Kirkland Lake Gold Ltd. (NYSE: KL), worth $401 million. Renaissance Technologies is the biggest shareholder of the company with shares worth $108 million.

Like Hecla Mining Company (NYSE: HL), Wheaton Precious Metals Corp. (NYSE: WPM), Freeport-McMoRan Inc. (NYSE: FCX), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Agnico Eagle Mines Limited (NYSE: AEM), Alamos Gold Inc. (NYSE: AGI) and Franco-Nevada Corporation (NYSE: FNV), Kirkland Lake Gold Ltd. (NYSE: KL) is one of the best gold mining stocks to buy now.

6. Kinross Gold Corporation (NYSE: KGC)

Number of Hedge Fund Holders: 27

Kinross Gold Corporation (NYSE: KGC) is another Canadian gold and silver mining company. It has mines and projects in several countries, including, Russia, the U.S., Chile, Brazil, Ghana, etc. In 2020, the company produced over 2.4 million ounces of gold, right in line with its guidance, successfully mitigating the effects of the pandemic.

In Q1 2021, Kinross Gold Corporation (NYSE: KGC) reported solid earnings with a 15% year-over-year growth in net income at $192.8 million. The EPS met the market estimate of $0.15. The company produced 558,777 ounces of gold, in line with 2021 guidance. Revenue also presented an 11% growth from Q1 2020 at $986.5 million.

Credit Suisse raised the price target on the stock to $8, asserting that Kinross Gold Corporation (NYSE: KGC) can benefit from the stocks repurchase in 2021 and ranked the stock as ‘Outperform’. The company announced a quarterly dividend of $0.03 per share.

At the end of Q1 2021, 27 hedge funds tracked by Insider Monkey have positions in Kinross Gold Corporation (NYSE: KGC). The total value of these stakes is $444 million. .

Like Hecla Mining Company (NYSE: HL), Wheaton Precious Metals Corp. (NYSE: WPM), Freeport-McMoRan Inc. (NYSE: FCX), Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), Agnico Eagle Mines Limited (NYSE: AEM), Alamos Gold Inc. (NYSE: AGI) and Franco-Nevada Corporation (NYSE: FNV), Kinross Gold Corporation (NYSE: KGC) is one of the best gold mining stocks to buy now.

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

Figure 1

Casault Option to Wallbridge

MONTREAL, July 13, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with Wallbridge Mining Company Ltd (“Wallbridge”), is pleased to report that an important drilling program is currently in preparation to test new high-priority drilling targets identified on the Casault project. This project, wholly owned by Midland and under option since June 2020 by Wallbridge (see press release by Midland dated June 18, 2020), is located along the Sunday Lake Fault, stretching from approximately 10 to 45 kilometres west of the Fenelon Gold Property held by Wallbridge, where an active drill program in support of a maiden resource estimate is currently underway.

On June 30, 2021, Midland received from Wallbridge the $110,000 cash payment due on the first anniversary of the option agreement. The technical committee is planning to meet in mid-July to finalize the prioritization of targets to be tested during a drilling program totalling approximately 5,000 metres, scheduled to begin in August 2021. These targets will namely include geophysical anomalies strategically positioned near favourable structures based on recent interpretations, as well as new geological targets based on the results of field reconnaissance work currently underway in the north part of the property. These targets occur in a similar geologic setting as Wallbridge’s Martiniere deposits, located less than 5 kilometres to the east, which have a historic indicated resource of 7,919,598 tonnes at 2.32 g/t Au for 590,642 oz and historic inferred resource of 363,420 t @ 4.57 g/t Au for 53,344 oz.

The Casault property is wholly owned by Midland and consists of 322 claims (177 square kilometres) covering the Sunday Lake Fault over more than 20 kilometres strike length. The property is also located approximately 40 kilometres east of the Detour Lake mine.

Cautionary statement:

Mineralization occurring at Detour Lake and Fenelon Gold is not necessarily representative of mineralization that may be found on the Casault project held by Midland described in this press release.

About Wallbridge

Wallbridge is currently advancing the exploration and development of its 100%‒owned Fenelon Gold property which is located along the Detour‒Fenelon Gold Trend, an emerging gold belt in northwestern Québec. The Company completed approximately 102,000 metres of drilling in 2020 and has begun a fully‒funded 2021 program of approximately 170,000 metres of drilling and 2,500 metres of underground exploration development (Phase 1 of a 10,000‒metre program). The Company intends to complete a maiden mineral resource on the Fenelon Gold System in the third quarter of 2021.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Wallbridge Mining Company Ltd, BHP Canada Inc., Probe Metals Inc., Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101, who also approved the technical content of this press release.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com

Website: www.midlandexploration.com

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39875b1c-ab06-4ee3-9d42-c6dcceeb2a06

Vancouver, British Columbia–(Newsfile Corp. – July 13, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a helicopter borne airborne electromagnetic ("EM") survey has commenced on its 100%-owned Cannon Copper Project ("Cannon Copper", or the "Project") located in Kamichisitit Township within the Sault Ste. Marie Mining District of Ontario, Canada. The Project hosts the historic Cannon Copper Mine and Mill (also known as the Crownbridge Copper Mine), which saw limited copper mining and processing in the late 1960s and early 1970s.

The airborne EM survey will consist of 194 line kilometres at 150-metre spacing utilizing the helicopter-borne Vertical Time-Domain Electromagnetic ("VTEM™ Max") system from Geotech Ltd. of Aurora, Ontario, Canada. The VTEM™ Max system offers a high degree of depth penetration and represents the first modern airborne EM system flown on the Project.

"ALX uses modern tools to find sulphide mineralization that was not visible to explorers over five decades ago," said Warren Stanyer, CEO and Chairman of ALX. "Like so many historical mineral occurrences in Canada, the mine workings at Cannon Copper may represent a relatively shallow trace of a much larger mineralizing system that has never been fully explored."

Following completion of the VTEM™ survey, ALX is planning its first site visit to Cannon Copper since 2013. New geophysical targets detected by the airborne survey will be followed up in the summer of 2021 by prospecting, the use of leading-edge geochemical and ground geophysical surveys, and future diamond drilling on new target areas.

Highlights of the Cannon Copper Project

Cannon Copper is located approximately 35 kilometres northwest of Elliott Lake in an exploration district known for high-grade copper occurrences both on surface and in drill holes, but the area remains underexplored for base metals in the modern era.
The Project is accessible by way of paved highways connecting to secondary roads and trails, and lies within a kilometre of an active powerline.
The past-producing Cannon (Crownbridge) Copper Mine and Mill operated intermittently as a regional copper processing facility from 1966 until 1972. Production statistics for the Cannon Copper property are unknown. The Ministry of Energy, Mines and Northern Development of Ontario currently lists a historical mineral resource for the Cannon Copper Mine of 415,000 tonnes grading 1.8% copper over a width of 6.5 feet (1.98 metres) (Note: This historical resource is not compliant with the standards of National Instrument 43-101 – see "National Instrument 43-101 Disclosure" later in this news release for additional cautionary language).¹
Copper mineralization was traced historically along a strike length of approximately 2,680 kilometres (1.6 miles) within quartz veins and conglomerates, in a series of mineralized zones at depths ranging from near-surface to approximately 300 metres (984 feet).²
A single deep hole (hole CR-15) drilled by Crownbridge Copper Mines Limited in 1963, intersected chalcopyrite mineralization within argillitic rocks beginning at a depth of 580.34 metres (1,904 feet), located well below the quartz vein-hosted copper mineralization forming the identified mineralized zones. Historical operators recommended follow-up to hole CR-15 to test for new sedimentary-hosted copper resources, but no follow-up deep drilling was carried out.³

¹ Ontario Geological Survey, Open File Report 6366, Report of Activities 2019.
² Ontario Ministry of Energy, Northern Development and Mines Assessment File #41J11SE0023.
³ Ontario Ministry of Energy, Northern Development and Mines Assessment File #41J11SE0031.

To view maps of Cannon Copper click here

About Cannon Copper

ALX maintained 100% ownership since 2015 of thirteen claim units at Cannon Copper totaling 289 hectares (714 acres) following the amalgamation of Alpha Exploration Inc. and Lakeland Resources Ltd., The Company has staked an additional 104 units since October 2020 and expanded the size of the Project to 117 cell units totaling 2,600 hectares (6,425 acres).

The Cannon Copper property is underlain by the Gowganda Formation which is part of the Proterozoic Huronian Supergroup metasedimentary rocks of the Southern Province. Mineralization consists of chalcopyrite and pyrite, both disseminated and massive, in structurally-controlled quartz veins and in the quartz breccia zone alongside the quartz veins, with minor disseminated bornite. Minor gold values have been reported in some zones. Alteration of the host Gowganda Formation consists of chlorite, chlorite/silica, hematite and hematite/silica alteration.

Exploration is recorded from 1956 by Great Lakes Copper and later by Andover Mining & Exploration Ltd. ("Andover") from 1958 to 1960. Andover drilled 75 holes for a total of approximately 9,185 metres (30,133 feet), which outlined the mineralized zones on the property to a depth of less than 150 metres (500 feet). In 1963, Crownbridge Copper Mines Limited acquired the property and drilled an additional 11,910 metres (39,077 feet) in both shallow and deep holes, testing for mineralization to a depth of over 580 metres (1,900 feet). In 1968, Cannon Mines Ltd. ("Cannon") acquired the property, sank an 245-metre (800-foot) decline and began processing material in a newly-erected mill. For unknown reasons, Cannon ceased all operations in 1972. Other companies in the early 1970s made attempts to restart operations but no further development or mineral production is recorded after 1975. A predecessor of ALX acquired the Cannon Copper property in 2012.

NationaI Instrument 43-101 Disclosure

The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. The historical mineral resource estimate quoted in this news release uses categories that are not compliant with National Instrument 43-101 ("NI 43-101") and cannot be compared to NI 43-101 categories, and is not a current estimate as prescribed by NI 43-101. Readers are cautioned that a Qualified Person has not done sufficient work to classify the estimate as a current resource and ALX is not treating the estimate as a current resource estimate.

Geochemical results and geological descriptions quoted in this news release were taken directly from assessment work filings published by the Government of Ontario. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by its Qualified Person, but create a scientific basis for ongoing work in the Cannon Copper area. Management further cautions that past results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.

About ALX

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

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

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

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

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90061

VANCOUVER, British Columbia, July 13, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; the “Company”; TSX‐V: VO; OTC: KVLQF; FRANKFURT: KEQ0) today provided an update from Chairman & CEO, Jim Paterson, on first half year (“H1”) 2021 goals and accomplishments related to advancing ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”) Project in northeastern Brazil.

2021 Focus

ValOre issued over 20 news releases documenting accomplishments in calendar 2020, and with our dramatically increased exploration activities at Pedra Branca, we have already issued 20 news releases in the first half of this year alone, including the following areas of focus:

Team building continues with the addition of highly experienced directors, advisors, technical experts and Pedra Branca project staff;
Successful fundraising efforts have enabled an expanded and more productive exploration program. ValOre’s ability to increase Community Engagement levels has been aided by a more solid financial footing;
Resource expansion drilling has been very successful at Trapia (Trapia 1 and Trapia 2), with Santo Amaro drilling to commence this month;
Target advancement drilling has defined near-surface PGE mineralization at Esbarro NW and Cana Brava, with all assays pending for Santo Amaro South (5 of 5 drill holes have intercepted the target ultramafic rocks);
Discovery drilling generated positive assay results in all three holes at Trapia South;
Over 2,700 metres (“m”) remain in the core program, including all drilling at the C-04 and Santo Amaro targets, and on-going follow-up drilling at Trapia 1;
ValOre’s exploration methodology has generated new targets and PGE discoveries;
Work related to mineralogy, mineral processing and metallurgy continues to provide options for Pedra Branca future development;
A comprehensive mineralogical characterization study was completed in H1 2021, and a multi-faceted follow-up metallurgical testwork program has commenced, including: reverse floatation, hot cyanide leach, hot ferricyanide leach, and bottle roll tests.

Team Built – In 2020, ValOre added considerable depth and technical talent to the team. This trend continued in H1 2021, with announcements (March 26 and June 1) detailing appointments of Darren Klinck as Director, Ian Pritchard and Luis Azevedo as Advisors, Colin Smith as V.P. Exploration, Thiago Diniz as Exploration Manager, and Marina Carvalho as Lead Administrator.

Successful Fundraising – On February 17, the Company announced the closing of a private placement of gross proceeds of CAD$8.33 million which enabled the Company to fully extinguish the outstanding operating line of credit and attracted some very strong and long-term shareholders, including 20% participation by company insiders.

Community Engagement – We strive to have a positive impact on the communities surrounding Pedra Branca, and in particular, the wonderful people of Capitão Mor. Our efforts in 2020 and 2021 remain focused on supporting the local medical clinic and schools with donations of supplies when called for, and as the project activity level scales up, we have been able to increase the hiring levels and business partnerships with local residents.

Exploration Success – In H1 2021, ValOre’s team successfully advanced the Pedra Branca PGE project on multiple fronts. We have drilled 3,263 of the planned 6,000 metres diamond drill (“DDH”) program comprised of resource expansion, target advancement and discovery drilling. Samples from 11 diamond drill holes have been sent for assays, with assays pending for 4 holes from Trapia 2. Follow-up drilling at Trapia 1 is on-going, drilling at the C-04 target has commenced, and drilling at Santo Amaro will be initiated this month.

A highlight from resource expansion drilling at Trapia 1 in H1 2021 was drill hole DD21TU21, which returned 71.90 m grading 1.29 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 134.95 m, including 1.55 m grading 10.82 g/t 2PGE+Au from 167.75 m (June 30 release).

On July 12, we announced highlights from discovery drilling activities at Pedra Branca which included a PGE discovery at Trapia South, and near surface zones of mineralization in areas proximal to existing 43-101 inferred resources, such as Esbarro NW target. In addition, compelling exploration potential is being established at the underexplored Massape target, which hosts PGE mineralization in 3 of 5 historical drill holes. ValOre has conducted extensive 2021 geological mapping, prospecting, Trado^® auger drilling and trenching, as we work to advance the target towards a drill-ready stage (assays pending for Trado^® and trench samples).

In H1 2021, a total of 38 reverse circulation (“RC”) drill holes in 1,828 m have been drilled, with assay results received for 22 holes, and a total of 113 Trado^® auger holes have been drilled, with assay results received for 92 holes.

ValOre received encouraging assay results and reports from targeted exploration programs across the property, including geological mapping and prospecting, 157 rock samples (February 24), 417 soil samples (February 24), 6 trenches (March 23), and rhodium assays from resampled historical and 2020 ValOre drill core (March 2 and May 6).

Project Advancement – Our work related to mineralogy, processing and metallurgy has provided positive initial results which gives us the encouragement and impetus to commence additional testing. (January 13). A comprehensive mineralogical characterization study was completed in H1 2021, and a multi-faceted follow-up metallurgical testwork program has commenced which includes: reverse floatation, hot cyanide leach, hot ferricyanide leach, and bottle roll tests.

On July 6, ValOre announced the increase to the Pedra Branca land holdings by 29% through the acquisition of 16,000 hectares.

Thank you! In what has already been a productive and successful H1 2021, I would like to thank our shareholders, team members, service providers and the people in the communities surrounding Pedra Branca for their support. We look to continue the momentum for the balance of 2021!

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.

Quality Control/Quality Assurance (“QA/QC”) and Grade Interval Reporting

CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares (138,339 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

For further information about ValOre Metals Corp., or this news release, please visit our website at valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

Albemarle (ALB) shares soared 6.8% in the last trading session to close at $187.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.1% gain over the past four weeks.

ALB’s shares rallied after The Wall Street Journal reported that the Biden administration is targeting at least a 50% reduction in carbon emissions by 2030 and wants 80% of U.S. power to come from clean sources by the end of the decade. The United States currently generates around 20% of its electricity from renewable sources such as wind and solar. Investors appear to have responded positively on prospects that the proposal would lead to higher demand for lithium.

This specialty chemicals company is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of -3.5%. Revenues are expected to be $793.09 million, up 3.8% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Albemarle, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on ALB going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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To read this article on Zacks.com click here.

Zacks Investment Research

VANCOUVER, BC, July 13, 2021 /CNW/ – (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 62.7 carat fancy pink diamond from its 100% owned Karowe Diamond Mine located in Botswana (image attached). The diamond has been given the name "Boitumelo" meaning "Joy" in Setswana. This impressive diamond, measuring 26x17x16mm is described as a high-quality, fancy pink, Type IIa gem and was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe. A superb, 22.21 carat fancy pink gem of similar quality was also recovered during the same production period along with two additional pink gems of similar colour and purity weighing 11.17, and 5.05 carats (image attached). The 62.7 carat Boitumelo diamond represents the largest fancy pink gem to be recovered in Botswana and one of the world's largest rough pink diamonds on record. View PDF version.

Eira Thomas, CEO commented: "Lucara is delighted to announce another historic diamond with the recovery of the Boitumelo, and very pleased to demonstrate the continued potential for large, coloured diamonds from the South Lobe production. These remarkable pink diamonds join a collection of significant diamond recoveries in 2021 produced from the EM/PK(S) which forms a key economic driver for the proposed underground mine at Karowe."

This press release has been reviewed and approved by Dr. John Armstrong, Ph.D. P.Geol., Vice-President, Technical Services of the Company and a "Qualified Person" for the purposes of National Instrument 43-101.

Eira Thomas
President and Chief Executive Officer
Follow Lucara Diamond on Facebook, Twitter, Instagram, and LinkedIn

ABOUT LUCARA
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest in Clara Diamond Solutions, a secure, digital sales platform positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out, at 2:30pm Pacific Time on July 13, 2021.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and elsewhere constitute forward-looking statements as defined in applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate and such forward-looking information included herein should not be unduly relied upon. The value of the Company's shares, its financial results and its mining activities are significantly affected by the price and marketability of the diamonds recovered. The sales price of a diamond is determined by its characteristics, including colour. While pink diamonds are relatively rare, there is no assurance that the pink diamonds recovered from the Karowe Diamond Mine will have the characteristics required to achieve a high sales price.

There can be no assurance that such forward looking statements will prove to be accurate, as the Company's results and future events could differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or referred to under the heading "Risks and Uncertainties" in the Company's most recent Annual Information Form available at http://www.sedar.com, as well as changes in general business and economic conditions, changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, costs of power and diesel, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), and unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health safety and environmental matters).

Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, and the Company does not assume any obligations to update or revise them to reflect new events or circumstances, except as required by law.

62 carat (CNW Group/Lucara Diamond Corp.)

Pink Diamonds (CNW Group/Lucara Diamond Corp.)

Lucara Recovers 62 Carat Fancy Pink Diamond "Boitumelo" From the Karowe Mine in Botswana (CNW Group/Lucara Diamond Corp.) — Lucara Recovers 62 Carat Fancy Pink Diamond “Boitumelo” From the Karowe Mine in Botswana (CNW Group/Lucara Diamond Corp.)

SOURCE Lucara Diamond Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/13/c4709.html

VANCOUVER, BC, July 13, 2021 /PRNewswire/ – Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports production and sales figures for the first quarter of fiscal year 2022 ended June 30, 2021 ("Q1 Fiscal 2022"). The Company expects to release its Q1 Fiscal 2022 unaudited financial results on Thursday, August 5, 2021 after market close.

Silvercorp Metals Inc. (CNW Group/Silvercorp Metals Inc)

In Q1 Fiscal 2022, the Company produced approximately 1.5 million ounces of silver, 1,000 ounces of gold, 15.9 million pounds of lead, and 7.2 million pounds of zinc, and sold approximately 1.6 million ounces of silver, 1,000 ounces of gold, 16.8 million pounds of lead, and 7.3 million pounds of zinc, representing decreases of 12%, 9%, and 20%, respectively, in silver, gold and lead sold, and an increase of 4% in zinc sold over the first quarter of fiscal 2021 ("Q1 Fiscal 2021").

The production decline in the current quarter resulted mainly from the Company's mining contracts renewal negotiations at the Ying Mining District. As reported in the Company's news release dated April 28, 2021, the Company's two-year mining contracts with the eight mining contractors at the Ying Mining District expired on March 31, 2021 and the parties reached a temporary two-month extension. During negotiations, some contract workers took breaks or left due to the uncertainty which caused some disruption to mining activities. When the contracts were renewed for an additional two year term in mid May 2021, it took some time for the contractors to bring back all their workers and ramp the operations back up to full capacity. Notwithstanding the production decline in Q1 Fiscal 2022, the Company expects to increase production in the remaining three quarters and meet its annual guidance to produce between 6.3 – 6.6 million ounces of silver, 65.7 – 68.9 million pounds of lead, and 26.9 – 28.5 million pounds of zinc in Fiscal 2022.

Q1 FISCAL 2022 OPERATING HIGHLIGHTS

At the Ying Mining District, ore mined was 142,907 tonnes, down 18% compared to Q1 Fiscal 2021, and ore milled was 155,407 tonnes, down 13% over Q1 Fiscal 2021. Approximately 1.3 million ounces of silver, 1,000 ounces of gold, 13.3 million pounds of lead, and 1.5 million pounds of zinc were produced, representing production decreases of 17% in silver, 9% in gold, 22% in lead, and 21% in zinc over Q1 Fiscal 2021.
At the GC Mine, ore mined was 88,328 tonnes, up 10% over Q1 Fiscal 2021, and ore milled was 87,670 tonnes, up 4% over Q1 Fiscal 2021. Approximately 190 thousand ounces of silver, 2.6 million pounds of lead, and 5.7 million pounds of zinc were produced, representing an increase of 1% in zinc production, and decreases of 9% and 17% in silver and lead production over Q1 Fiscal 2021.
On a consolidated basis, ore mined was 231,235 tonnes, down 9% over Q1 Fiscal 2021, and ore milled was 243,077 tonnes, down 7% over Q1 Fiscal 2021. Approximately 1.5 million ounces of silver, 1,000 ounces of gold, 15.9 million pounds of lead, and 7.2 million pounds of zinc were produced, down 16%, 9%, 21%, and 4%, respectively, over Q1 Fiscal 2021.
On a consolidated basis, the Company sold approximately 1.6 million ounces of silver, 1,000 ounces of gold, 16.8 million pounds of lead, and 7.3 million pounds of zinc, representing decreases of 12%, 9%, and 20%, respectively, in silver, gold and lead sold, and an increase of 4% in zinc sold over Q1 Fiscal 2021.

The operational results for Q1 Fiscal 2022 are summarized as follows:

			Three months ended June 30, 2021			Three months ended June 30, 2020
			Ying Mining District	GC	Consolidated	Ying Mining District	GC	Consolidated
			Ying Mining District	GC	Consolidated	Ying Mining District	GC	Consolidated

Production Data
		Ore Mined (tonne)	142,907	88,328	231,235	174,176	80,379	254,555
		Ore Milled (tonne)	155,407	87,670	243,077	177,689	84,637	262,326

		Head Grades
		Silver (gram/tonne)	279	80	207	293	93	228
		Lead (%)	4.2	1.5	3.2	4.6	1.9	3.7
		Zinc (%)	0.8	3.3	1.7	0.8	3.4	1.6

		Recovery Rates
		Silver (%)	94.7	84.1	93.2	94.7	82.8	93.1
		Lead (%)	95.7	89.3	94.6	96.2	89.8	95.1
		Zinc (%)	59.7	89.3	80.7	63.8	87.3	79.5

Metal production
	Silver (in thousands of ounces)		1,283	190	1,474	1,543	209	1,752
	Gold (in thousands of ounces)		1.0	–	1.0	1.1	–	1.1
	Lead (in thousands of pounds)		13,278	2,600	15,878	16,941	3,136	20,077
	Zinc (in thousands of pounds)		1,519	5,679	7,198	1,920	5,613	7,533

Metal sold
	Silver (in thousands of ounces)		1,447	195	1,642	1,672	200	1,872
	Gold (in thousands of ounces)		1.0	–	1.0	1.1	–	1.1
	Lead (in thousands of pounds)		14,175	2,635	16,810	17,779	3,106	20,885
	Zinc (in thousands of pounds)		1,521	5,734	7,255	2,037	4,921	6,958

Ying Mining District

In Q1 Fiscal 2022, ore mined at the Ying Mining District was 142,907 tonnes, a decrease of 18%, compared to 174,176 tonnes in Q1 Fiscal 2021. Ore milled was 155,407 tonnes, with average head grades of 279 grams per tonne ("g/t") for silver, 4.2% for lead, and 0.8% for zinc, compared to 177,689 tonnes of ore milled with average head grades of 293 g/t for silver, 4.6% for lead, and 0.8% for zinc in Q1 Fiscal 2021. Metals production was approximately 1.3 million ounces of silver, 1,000 ounces of gold, 13.3 million pounds of lead, and 1.5 million pounds of zinc, compared to approximately 1.5 million ounces of silver, 1,100 ounces of gold, 16.9 million pounds of lead, and 1.9 million pounds of zinc in Q1 Fiscal 2021. The decrease was mainly due to the mining disruptions arising from the mining contracts renewal negotiations as discussed above.

GC Mine

In Q1 Fiscal 2022, ore mined at the GC Mine was 88,328 tonnes, an increase of 10% compared to 80,379 tonnes in Q1 Fiscal 2021. Ore milled was 87,670 tonnes, with average head grades of 80 g/t for silver, 1.5% for lead, and 3.3% for zinc, compared to 84,637 tonnes of ore milled with average head grades of 93 g/t for silver, 1.9% for lead and 3.4% for zinc in Q1 Fiscal 2021. Metals production was approximately 190 thousand ounces of silver, 2.6 million pounds of lead, and 5.7 million pounds of zinc, compared to approximately 209 thousand ounces of silver, 3.1 million pounds of lead, and 5.6 million pounds of zinc in Q1 Fiscal 2021.

About Silvercorp

Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees' wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.

CAUTIONARY DISCLAIMER – FORWARD-LOOKING STATEMENTS

Certain of the statements and information in this news release constitute "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 provincial securities laws (collectively, "forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: social and economic impacts of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Risk Factors". Although the Company 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, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision

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SOURCE Silvercorp Metals Inc

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, Renascor Resources (ASX:RNU) shareholders have done very well over the last year, with the share price soaring by 423%. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So notwithstanding the buoyant share price, we think it's well worth asking whether Renascor Resources' cash burn is too risky. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Renascor Resources

When Might Renascor Resources Run Out Of Money?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Renascor Resources last reported its balance sheet in December 2020, it had zero debt and cash worth AU$4.6m. In the last year, its cash burn was AU$1.4m. Therefore, from December 2020 it had 3.2 years of cash runway. There's no doubt that this is a reassuringly long runway. You can see how its cash balance has changed over time in the image below.

How Is Renascor Resources' Cash Burn Changing Over Time?

Because Renascor Resources isn't currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. The 67% reduction in its cash burn over the last twelve months may be good for protecting the balance sheet but it hardly points to imminent growth. Admittedly, we're a bit cautious of Renascor Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Easily Can Renascor Resources Raise Cash?

There's no doubt Renascor Resources' rapidly reducing cash burn brings comfort, but even if it's only hypothetical, it's always worth asking how easily it could raise more money to fund further growth. Companies can raise capital through either debt or equity. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund 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).

Since it has a market capitalisation of AU$128m, Renascor Resources' AU$1.4m in cash burn equates to about 1.1% of its market value. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares.

Is Renascor Resources' Cash Burn A Worry?

As you can probably tell by now, we're not too worried about Renascor Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. But it's fair to say that its cash burn reduction was also very reassuring. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. Its important for readers to be cognizant of the risks that can affect the company's operations, and we've picked out 3 warning signs for Renascor Resources that investors should know when investing in the stock.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

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.

Calling all taco connoisseurs —McCormick & Company (MKC) is hiring a "director of taco relations" for a short-term stint, and it comes with a pretty hefty paycheck.

On this taco Tuesday, the food company known for its spices officially announced the new, four-month contract position, which pays $100,000 (or $25,000 per month). Applicants must be 21 years of age, a U.S. resident, be available to sign a contract by the end of August and work up to 20 hours a week from September 2021 to December 2021.

The incumbent should have a pretty hearty appetite as well, addressing hard-hitting questions like "Which are better, soft or hard shell tacos?” according to the release.

Daily responsibilities include keeping up to date on taco trends, "trolling TikTok", developing content for a "Taco Tuesday" social media series and lots of taste tests to encourage taco lovers alike to crave the latest creations.

The job advertisement — coming in the midst of a widely chronicled staffing shortage that's squeezing the restaurant industry — appears to be a shameless plug for taco seasoning, one of McCormick's hottest products. In the past year the company says the item flew off of grocery shelves at a rate of more than 200 packets per a minute.

“While taco trends continue to change and evolve, our seasoning has remained the first choice for countless families across the country," Jill Pratt, McCormick's Chief Marketing Officer, said in the release.

The taco czar "will ultimately honor and support the millions of Americans that rely on our taco seasoning everyday while keeping McCormick at the forefront of the tacos of tomorrow," Pratt added.

The role will require the ability to work remotely and attend virtual meetings, while 10% of the role will require the newly-named director to travel across the nation to visit "famous taco restaurants and chefs," and McCormick's headquarters in Maryland.

In order to apply, taco lovers must submit a two minute or less video highlighting their favorite recipes, taco tips and tricks, favorite taco themed-trivia and fun facts, taco experiences, go-to topping. In short, McCormick wants applicants to describe why the role is "your dream gig."

Applications close next Tuesday, July 20 at 11:59 p.m. EST.

Brooke DiPalma is a producer and reporter for Yahoo Finance. Follow her on Twitter at @BrookeDiPalma or email her at bdipalma@yahoofinance.com. Check out her latest:

Past exploration confirmed near surface gold-silver deposit open to expansion

Vancouver, British Columbia–(Newsfile Corp. – July 12, 2021) – Inomin Mines Inc. (TSXV: MINE) is pleased to announce the filing of a technical report ("Technical Report"), in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), for the company's La Gitana Gold-Silver property in Mexico.

Highlights

Previous core drilling confirmed La Gitana hosts a significant gold-silver deposit
Initial 38 holes drilled with grades ranging from 0.25 to 27.8 g/t gold and 5 to 2,330 g/t silver
Discovery drill hole intersected 133.5 metres (438 feet) of 1.78 g/t gold and 100.7 g/t silver
Gold-silver mineralization is open to the southeast, at depth, and laterally
Property prospective for near-surface bulk-tonnage and underground gold-silver deposits

The La Gitana gold-silver property is located in Oaxaca State in southern Mexico. The property is situated within the Oaxaca Gold-Silver Belt, a major northwest trending regional structure hosting several operating precious metals mines and prospects including Gold Resource's Arista and Mirador gold-silver mines, and Fortuna Silver's San Jose gold-silver mine.

La Gitana is an advanced, gold-silver exploration project where exploration, including surface mapping, surface rock sampling, IP-resistivity geophysics, as well as diamond drilling, has delineated a substantial near-surface, low-sulphidation, epithermal gold-silver mineral system. The gold-silver mineralization is open to expansion to the southeast and at depth from drill-tested areas.

Previous drilling programs at La Gitana in 2004 – 2006 by Chesapeake Gold Corp. (TSXV: CKG), intersected gold-silver mineralization in a core zone 400 to 500 metres long, 50 to 150 metres wide and 50 to 300 metres depth, with grades ranging from 0.25 to 27.8 g/t gold and 5 to 2,330 g/t silver.

Gold and silver mineralization is found in high-grade shoots in northwest trending, sub-vertical structures, and as low-grade disseminations within broad zones of quartz stockworks and breccias. The main structure has been traced for more than 1.4 kilometres up to 300 metres wide and a vertical extension of approximately 400 metres. Structures dip steeply between 70° and 90°. Gold and silver are present as electrum and acanthite within epithermal quartz veins.

A second less developed zone is located approximately 300 metres south of the main zone, as defined by soil geochemistry, channel sampling, and minimal drill testing. Mineralization also appears open laterally: to the east surface veins have not been drill tested; to the west is an untested overburden covered area.

The Technical Report authors believe that sufficient exploration has been completed at La Gitana to confirm the existence of a gold-silver deposit. A two phase exploration program including drilling is recommended at La Gitana to determine the scope of the mineralization and complete a preliminary resource calculation.

Initial communication with the local community has been encouraging. The company looks forward to continuing to build a positive working relationship with all stakeholders.

John Gomez, President of Inomin says, "La Gitana provides the opportunity to define and develop a substantial gold-silver deposit. We look forward to advancing the project to create significant benefits for all stakeholders."

The La Gitana technical report and other information on the project is available on Inomin's website www.inominmines.com.

Inomin Mines Director, L. John Peters P.Geo, a qualified person as defined by NI 43-101, has reviewed and approved the technical information in this news release.

About Inomin Mines

Inomin Mines is engaged in the identification, acquisition and exploration of mineral properties, especially gold, silver and nickel projects that display strong potential to host significant mineral resources. Inomin holds the La Gitana and Pena Blanca gold-silver properties in Mexico. The company owns a 100% interest in the Beaver-Lynx sulphide nickel project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project in south-west British Columbia. Inomin also owns 100% of the King's Point gold-copper-zinc project in Newfoundland under option to Maritime Resources Corp. Inomin trades on the TSX Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter @InominMines.

On behalf of the board of Inomin Mines:

Inomin Mines Inc.
Per: "John Gomez"
President and CEO

For more information please contact:

John Gomez
Tel. 604.566.8703
info@inominmines.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89918

Figure 1

Plan View of the Guayabales Project and the Donut Target

Figure 2

Plan View of the Donut Mine Showing the Grade Ranges for Channel Sampling Assay Results

Figure 3

Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.

Figure 4

Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an exploration update on its Guayabales Project located in Caldas, Colombia. The project is situated contiguous, immediately along strike and to the northwest of Aris Gold’s Marmato gold mine, which contains proven and probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). The Company interprets the abundant precious metal mineralization encountered throughout the Guayabales Project to be related to a series of copper-gold porphyry intrusions hosted within the project tenements which could be partially responsible for the mineral endowment of the Marmato gold mine.

Highlights (Table 1 and Figures 1-3)

The Company´s initial channel sampling campaign at the Donut target (“Donut”) within the Guayabales Project has returned high-grade gold and silver assay results from a shallow underground tunnel. Mapping of this tunnel has exposed a gold-copper porphyry stockwork of veinlets with overprinting polymetallic vein systems. Additionally, the mineralized zone outlined by channel sampling results announced herein displays excellent grade continuity with results as follows:

Table 1: Channel Sampling Results*

	Length (m)	Gold (g/t)	Silver (g/t)	Copper (%)
Donut-1	37.50	45.52	27	0.13
including	2	1.23	82	0.83
	2	1.87	22	0.11
	2	1.29	47	0.09
	2	1.02	42	0.04
	2	0.06	2	0.11
	2	1.07	17	0.13
	2	0.47	15	0.02
	2	3.38	39	0.06
	2	1.19	17	0.03
	2	829.23	94	0.02
	2	2.48	5	0.02
	2	2.56	9	0.06
	2	0.56	2	0.18
	2	2.58	36	0.25
	2	0.94	9	0.08
	2	0.49	13	0.08
	2	1.01	38	0.22
	2	0.26	6	0.15
	1.50	2.38	6	0.07

*The Company’s channel sampling program consists of continuous two metre samples taken along the exposed walls of the underground historical mine workings

Further channel sampling is in progress to cover all areas of the underground workings and the target remains open to the north, north-west, east and at depth. The Company is planning to drill test the Donut target beginning in late August 2021.

“We are off to a very exciting start at the Guayabales project. The robust and continuous high-grade channel sampling results validate our geological model for the property. We look forward to initiating a first-ever drill program at the Donut target,” commented Ari Sussman, Executive Chairman.

Geological Description of the Donut Target

The Donut target is located in the south-east portion of a major north-west trending structural corridor hosting a cluster of mineralized outcropping copper-gold-molybdenum porphyry intrusions. Shallow underground workings have exposed large zones of porphyry veining hosting various copper sulfides including chalcopyrite, chalcocite and lesser bornite associated with occasional molybdenite and abundant pyrite. This zone extends for over one kilometre to the Olympus target where gold-silver (base-metal) vein systems are extensive.

Donut displays a graduation from sericite-chlorite to an inner zone of intense potassic alteration (secondary biotite and lesser magnetite) with abundant porphyry style B-veins noted. This porphyry body is enveloped by a large scale (+1.5 km) and continuous anomalous zone of in-situ and coincidental gold, copper and molybdenum soil anomalism. The veinlet and stockwork system overprint displays a distinct Au-Ag (base metal) association. Historical artisanal mining has targeted both porphyry and vein/stockwork systems.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc. in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock samples have been prepared and analyzed at Actlabs laboratory facilities in Medellin, Colombia and Toronto, Canada. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in late August 2021.

Contact Information

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

Figure 1: Plan View of the Guayabales Project and the Donut Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/a75dfaf1-2892-46b3-bd33-864213324462

Figure 2: Plan View of the Donut Mine Showing the Grade Ranges for Channel Sampling Assay Results
https://www.globenewswire.com/NewsRoom/AttachmentNg/142e7bbf-ac83-443d-b8a9-de053da5cedc

Figure 3: Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.
https://www.globenewswire.com/NewsRoom/AttachmentNg/64d07396-96ed-4f02-90a9-26af9b958033

Figure 4: Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.
https://www.globenewswire.com/NewsRoom/AttachmentNg/a21f4be7-eb7c-415e-a537-72590c064c49

Lundin Mining Corporation (CNW Group/Lundin Mining Corporation)

TORONTO, July 12, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announces that the report for the second quarter ended June 30, 2021 will be published on Wednesday, July 28, 2021.

Second Quarter 2021 Results Conference Call and Webcast

The Company will hold a telephone conference call and webcast at 08:00 ET, 14:00 CET on Thursday, July 29, 2021. Conference call details are provided below. Please dial in 15 minutes prior to the call start to ensure placement into the conference on time.

Call-in number for the conference call (North America): +1 647 788 4922
Call-in number for the conference call (North America Toll Free): +1 877 223 4471
Call-in number for the conference call (Sweden): 020 012 3522

To view the live webcast presentation, please log on using this direct link:
https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=CC7938DE-F740-4875-9DC3-C9CBEE38A9FD

The presentation slideshow will also be available in PDF format on the Lundin Mining website www.lundinmining.com before the conference call.

A replay of the telephone conference will be available after the completion of the call through August 31, 2021.

Call-in numbers for the replay are (North America): +1 800 585 8367 or (internationally) +1 416 621 4642
The passcode for the replay is: 5997671

A replay of the webcast will be available by clicking on the direct link above.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

Lundin Mining to Release Second Quarter 2021 Results July 28, 2021 (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/12/c5705.html

VANCOUVER, BC / ACCESSWIRE / July 12, 2021 / Tinka Resources Limited (" Tinka " or the " Company ") ( TSXV:TK)(BVL:TK )( OTCQB:TKRFF ) is pleased to announce the signing of a definitive agreement ( the "Agreement") with BHP World Exploration Inc. Sucursal del Peru (" BHP ") pursuant to which Tinka, through its wholly-owned subsidiary Darwin Peru S.A.C. (" Darwin "), has acquired a 100% interest in the Silvia copper-gold-zinc exploration project (the " Silvia Project "). The Silvia Project consists of 29,500 hectares of mining concessions believed to be prospective for large copper-gold-zinc skarn and porphyry copper deposits, lying immediately adjacent to the Company's 100%-owned Ayawilca zinc-silver project in central Peru. Tinka now controls over 46,000 hectares of contiguous mining concessions in central Peru, one of the world´s most prolific base metal belts – see Figure 1.

The Silvia Project lies ~80 km south and along strike of Antamina, one of the largest copper mines in Peru and the world's biggest skarn deposit (beneficially owned by BHP Group 33.75%, Glencore 33.75%, Teck 22.5% and Mitsubishi 10%). The project also lies immediately to the north of the Raura zinc-silver-lead-copper mine (owned by Minsur).

Greenfield exploration by BHP at the Silvia Project has identified copper-gold-zinc mineralization in outcropping skarns at two broad target areas both associated with coincident geophysical anomalies. Neither of these targets have been drill tested. Limestone belonging to the Jumasha Formation, the main host to the Antamina copper-zinc-silver skarn deposit, is widespread throughout the Silvia Project area – see Figure 2.

Key Highlights of the Silvia Copper-Gold Project

Acquisition by Tinka of a 100% ownership of 29,500 hectares of contiguous mining concessions located in the Huanuco Andean region of central Peru immediately adjacent to the Company's Ayawilca project;
The Silvia Project hosts two priority copper targets with outcropping skarn and coincident copper and geophysical anomalies at ‘Silvia Northwest' and ‘Silvia South' – see Figure 3;
At Silvia Northwest, copper-gold-zinc mineralized skarns outcrop over several hectares within three zones (Area A, Area B, Area C) along a 3 kilometre northeast trend associated with diorite and dacitic porphyry. High grade rock chip samples of skarn at Area A grade up to 1.9% copper, 0.9 g/t gold, and 3.9% zinc – see Figure 4;
At Silvia South, copper-gold mineralized skarns outcrop over several hectares associated with monzodiorite porphyry with rock samples grading up to 1.4% copper and 0.3 g/t gold associated with magnetic anomalies;
Regional and prospect scale datasets are included with the property acquisition. These datasets include:
- 320 line kilometres of project-wide airborne magnetics;
- 15 line kilometres of IP geophysical data;
- 64 line kilometres of ground magnetics; and
- 661 surface rock chip geochemical results – copper anomalous areas are highlighted in Figure 3.

Dr. Graham Carman, the CEO of Tinka, said: "The Silvia Project acquisition fits in very well with Tinka's vision of exploring for potential world-class base and precious metal discoveries in Peru. Tinka considers the Silvia Project to be highly prospective for large copper skarn and porphyry deposits, and we are thrilled to have acquired this exciting portfolio from BHP right next door to our flagship Ayawilca project. This acquisition triples the size of Tinka's mining concessions in central Peru, turning the Company into one of the largest landholders in this highly mineralized belt. The target limestone at the Silvia Project is the Jumasha Formation which hosts the giant Antamina skarn deposit, while the Ayawilca deposit is hosted by the Pucara limestone."

"Tinka plans to move forward with the exploration for copper at the Silvia Project while work progresses at the Ayawilca zinc-silver project and specifically the preliminary economic assessment (" PEA "). Given the close proximity to Ayawilca, Tinka's exploration team can access the copper targets at the Silvia Project from our existing camp facilities, simplifying logistics and minimizing exploration costs."

"Tinka remains firmly committed to creating value through mineral exploration in Peru, and we believe that mining will continue to be a mainstay of the country´s economy and development in the future. We also believe that we will continue to advance our exploration projects while working together constructively with our stakeholders. We look forward to commencing our field programs at the Silvia Project as soon as possible."

Terms of the Silvia Project Acquisition

100% of the right and title of 35 granted mining concessions (plus 2 applications) to be transferred to Darwin;
Darwin has made a one-time cash payment to BHP. No other milestone payments are required;
BHP retains a 1% NSR royalty over the Silvia Project, which may be repurchased by Darwin;
Darwin is required to keep all mining concessions in good standing, with BHP retaining the right of first refusal on any mining concession that Darwin wishes to relinquish.

Silvia Project Target Details

Silvia Northwest target

At Silvia Northwest, three areas of outcropping copper mineralization occur along a northeast-southwest trend encompassing a broad area of approximately 3.0 km by 1.0 km, each area referred to as Areas A, B, and C respectively – see Figure 3. Copper mineralization is associated with skarn alteration of Upper Cretaceous Jumasha Formation limestone and various intrusive and sub-volcanic rocks including diorite and dacitic porphyry. Coincident magnetic anomalies are interpreted to reflect the underlying intrusive rocks and, possibly, magnetite or pyrrhotite associated with the mineralization.

At Area A, previous exploration identified copper-bearing skarn mineralization over a surface area of approximately 0.4 km by 0.2 km associated with altered dacitic porphyry. The skarn consists mostly of garnet and pyroxene accompanied by chlorite, biotite, quartz and magnetite. Sulphide minerals include chalcopyrite, pyrite, pyrrhotite, chalcocite and rare bornite. Copper oxide (malachite) is common. Copper values from 13 rock chip samples of skarn and altered porphyry at Area A range from 0.02% to 1.90% Cu; Gold values range from <0.005 to 0.93 g/t Au; Zinc values range from 0.003 to 3.85% Zn. Extensive outcrops of white and grey marble are interpreted to form a halo around and above the skarn.

At Area B, skarn alteration outcrops sporadically over an area of approximately 0.7 km by 0.7 km associated with quartz diorite and porphyritic andesite dikes. Extensive areas of white and grey marble surround the intrusive and skarn rocks. Fine grained hornfels alteration interpreted to be caused by thermal metamorphism is associated with silty limestone of the younger Celendin Formation in the axis of a synclinal fold. Copper values from 28 rock chip samples of skarn at Target B range from 0.02% to 1.09% Cu; Gold values range from <0.005 to 0.63 g/t Au; Zinc values range from <0.01 to 0.54% Zn.

At Area C, copper-bearing skarn occurs in sporadic outcrops over a surface area of approximately 0.5 km by 0.3 km together with outcrops of diorite and dacitic porphyry. Garnet skarn has been mapped around the contact of dacitic porphyry surrounded by a wide area of white and grey marble. Copper values from 13 rock chip samples from outcrop of skarn at Target C range from <0.01% to 1.10% Cu; Gold values range from <0.005 to 3.55 g/t Au; Zinc values range from <0.01 to 3.55% Zn.

Silvia South target

At Silvia South, skarn alteration is exposed in numerous sporadic outcrops along a northeast-southwest trend within an area of approximately 3.7 km x 0.8 km associated with outcropping diorite and monzodiorite porphyry. Garnet and pyroxene skarns are associated with minor sulphides (pyrite, chalcopyrite) and sporadic malachite.

Copper values from 23 samples of outcropping skarn at Silvia South range from <0.01 to 1.37% Cu; Gold values range from <0.005 to 0.28 g/t Au; Zinc values range from 0.03 to 0.06% Zn.

Figure 1. Selected mining concession holdings in central Peru highlighting Tinka's Ayawilca and Silvia Projects

Figure 2. Map of major limestone formations in central Peru highlighting Tinka's Ayawilca and Silvia Projects

Figure 3. Silvia Project rock chip copper geochemistry (on airborne magnetic analytic signal image)

Figure 4. Maps of the Silvia Northwest target area at same scale.

Simplified geological map.
Analytical signal magnetic anomalies (note: hot colours are the modelled locations of the magnetic sources)

On behalf of the Board,

"Graham Carman"
Dr. Graham Carman, President & CEO

Investor Information:
www.tinkaresources.com

Rob Bruggeman 1.416.884.3556
rbruggeman@tinkaresources.com

Company Contact:
Mariana Bermudez 1.604.699.0202
info@tinkaresources.com

About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone deposit has an estimated Indicated mineral resource of 11.7 Mt grading 6.9% zinc, 15 g/t silver & 0.2% lead and an Inferred mineral resource of 45.0 Mt grading 5.6% zinc, 17 g/t silver & 0.2% lead (dated November 26, 2018). The Tin Zone has an estimated Inferred mineral resource of 14.5 Mt grading 0.63% tin (dated November 26, 2018). A Preliminary Economic Assessment (PEA) for the Zinc Zone was released on July 2, 2019 ( news release ). The Company has announced its intention to update the resource estimation and PEA by the end of 2021.

Forward Looking Statements: Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations: timing of planned work programs and results varying from expectations; delay in obtaining results; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; equipment failure, unexpected geological conditions; imprecision in resource estimates or metal recoveries; success of future development initiatives; competition and operating performance; environmental and safety risks; the Company's expectations regarding the Ayawilca Project PEA; the political environment in which the Company operates continuing to support the development and operation of mining projects; risks related to negative publicity with respect to the Company or the mining industry in general; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; delays in obtaining or failure to obtain necessary permits and approvals from local authorities; community agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

SOURCE: Tinka Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/655033/Tinka-Triples-Property-at-Ayawilca-With-Acquisition-of-the-Silvia-Copper-Project

VANCOUVER, BC, July 12, 2021 /CNW/ – (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that it has signed loan documentation in relation to its previously announced senior secured project financing debt package of US$220 million (the "Facilities") between Lucara Botswana Proprietary Limited ("Lucara Botswana") as the Borrower and a syndicate of five mandated lead arrangers ("MLAs"). The MLAs are: African Export-Import Bank (Afreximbank), Africa Finance Corp., ING, Natixis, and Societe Generale, London Branch. Afreximbank is acting as Facility Agent in connection with the Facilities. Please view PDF version

The Facilities include two tranches: a project finance facility of US$170 million to fund the development of the underground project, and a US$50 million working capital facility to re-finance the Company's existing debt and to support on-going operations. The Facilities, combined with the recently announced equity financings totaling approximately US$30 million (the "Initial Equity Contribution") (link to news release), and projected cash flows from the Karowe open pit mine, during the underground construction period, result in the Karowe Underground Expansion Project (the "UGP") being fully financed.

Eira Thomas, President and CEO commented: "Lucara is excited to be moving forward with a fully financed underground expansion project, extending Karowe's mine life to at least 2040 and projected to deliver at least US$4 billion in additional revenues using conservative diamond price assumptions. Securing credit commitments for the arrangement of US$220 million senior debt facilities from five leading international financial institutions, with significant mining and metals track records and experience in Africa, is an important achievement for Lucara and reflects confidence in the large-stone resource at Karowe and the considerable efforts undertaken over the last five years to scope and define this attractive, highly economic growth opportunity for the company. It also reflects confidence in the strong, safe and reliable operating environment that has prevailed at Karowe over the last eight years, adhering to high standards in respect of ESG and striving to deliver long-term economic benefits to Botswana and the communities in which we operate. The development of the underground expansion project will adhere to all required environmental regulations and comply with Equator Principles.

As a final comment, we believe this expansion project comes at the right time in the market cycle, with improving supply and demand fundamentals helping to stabilize and support stronger diamond prices in the short and longer term. The Karowe mine remains one of the highest margin diamond mines in the world, having yielded 5 of the 10 largest diamonds in recorded history and is the only mine to have recovered three diamonds greater than 1,000 carats."

First drawdown under the Facilities is expected to occur early in the third quarter this year, following satisfaction of certain conditions precedent customary to a financing of this nature, including the closing and receipt of the Initial Equity Contribution ("Financial Close").

In connection with the Facilities, the Company's largest shareholder, Nemesia S.a.r.l. ("Nemesia") has agreed to provide a limited standby undertaking in the event of a funding shortfall occurring up to thirty-six (36) months from Financial Close (the "Shareholder Undertaking").

Key terms of the project finance facility:

Lucara Botswana Proprietary Limited, 100% owner of the Karowe Mine is the Borrower, with Lucara Diamond Corp. as the Sponsor and the Guarantor until the Project Completion Date;
Up to US$170 million provided to fund the development, construction costs and construction phase operating costs of the UGP as well as financing costs in relation to the Facilities;
8 year maturity after Financial Close, with quarterly repayments commencing on June 30, 2026;
Interest rate and Margin: LIBOR (or replacement benchmark) plus margin of 5.5% annually for the period commencing on Financial Close and ending on the Project Completion Date, and 5.0% annually thereafter;
First ranking security over all assets of the Borrower on a fixed and floating basis, as well as all shares in and shareholder loans into the Borrower and all shares in and shareholder loans into the intermediary companies between the Sponsor and the Borrower;
The project facility will require interest rate hedging of at least 75% of the Borrower's exposure for a period of at least six (6) years to be arranged as a condition subsequent to Financial Close;
Positive and negative covenants, including financial ratios, as well as events of default and a cash flow waterfall customary to a financing of this nature are set out in the Facilities agreement.
Key terms of the working capital facility ("WCF"):
Borrower: Lucara Botswana
Up to US$50 million for a senior, secured WCF to be used initially to re-finance the Sponsor's existing working capital facility and thereafter, for working capital and other corporate purposes of the Borrower;
Interest rate and Margin: LIBOR (or replacement benchmark) plus margin of 3.5% annually.

Shareholder Undertaking from Nemesia

Nemesia has agreed to provide up to US$25 million in the Shareholder Undertaking for a period of up to thirty-six months from Financial Close in support of the Facilities. The Shareholder Undertaking is unsecured and subordinated to the Facilities. As consideration for providing the Shareholder Undertaking, and subject to receipt of all required regulatory approvals, Lucara has agreed to issue 600,000 common shares as a fee upon execution of the Shareholder Undertaking and a further 600,000 common shares should the Shareholder Undertaking be called upon in the event of a funding shortfall. As an additional fee, Lucara, as the Sponsor, has agreed to issue 5,000 common shares for each US$500,000 drawn down per month until the amounts borrowed are repaid.

Nemesia is an insider of the Company and, as a result of their provision of the Shareholder Undertaking and receipt of 600,000 common shares in connection with the execution thereof, the transaction contemplated by the Shareholder Undertaking will be considered a "related party transaction" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101 from the valuation and minority shareholder approval requirements of MI 61-101 in respect of Nemesia's provision of the Shareholder Undertaking as the aggregate fair market value of the common shares issued to Nemesia upon signing of the Shareholder Undertaking was less than 25% of the Company's market capitalization.

A material change report in respect of the signing of the loan documentation in relation to the Facilities, including the provision of the Shareholder Undertaking, will be filed in accordance with MI 61-101, but is not expected to be filed 21 days in advance of the closing of the Facilities as the Company wanted to close the Facilities on an expedited basis for sound business reasons.

Terrafranca Advisory Limited acted as financial advisor to the Company. Norton Rose Fulbright acted as legal counsel to the Company with support from Lawrence Khupe Attorneys in Botswana. Mayer Brown LLP acted as legal counsel for the MLAs with support from the Botswana law firm Armstrongs.

Eira Thomas
President and Chief Executive Officer

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ABOUT LUCARA

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 7:00am Pacific Time on July 12, 2021.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

Certain of the statements made and contained herein and elsewhere constitute forward-looking statements as defined in applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved and include, without limitation, projected revenues from production at the Karowe mine, diamond pricing assumptions and diamond market trends, the ultimate use of proceeds from the Facilities; the estimated capital cost and the duration of the construction period; the timing of any drawdowns under the Facilities; the Company's satisfaction of the conditions precedent, including the Initial Equity Contribution, to achieve Financial Close; receipt of regulatory approvals for the issuance of common shares to Nemesia in connection with the Shareholder Undertaking; and whether any amounts will be drawn under the Shareholder Undertaking.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. These assumptions, opinions and estimates are subject to a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate and such forward-looking information included herein should not be unduly relied upon. There can be no assurance that such forward looking statements will prove to be accurate, as the Company's results and future events could differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or referred to under the heading "Risks and Uncertainties" in the Company's most recent Annual Information Form and under the heading "Risk Factors" in the Prospectus, a preliminary version of which is available at http://www.sedar.com, as well as changes in general business and economic conditions, changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, costs of power and diesel, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), and unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health safety and environmental matters).

Lucara Signs US$220 Million Senior Debt Facilities for Financing of the Underground Expansion and Ongoing Operations of the Karowe Mine (CNW Group/Lucara Diamond Corp.)

SOURCE Lucara Diamond Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/12/c6065.html

KELOWNA, BC / ACCESSWIRE / July 12, 2021 / Diamcor Mining Inc. (TSX-V.DMI / OTCQB-DMIFF), ("Diamcor" or, the "Company") a company with a proven history of supplying rough diamonds to the world market, has been invited to present at the First Annual Access to Giving Virtual Investor Conference being held July 13^th – July 15^th, 2021. CEO, Dean Taylor will present at the conference.

Event: Access to Giving Virtual Investor Conference

Date: Thursday, July 15, 2021

Time: 1:30 – 1:55 am EDT

Management will be available for one-on-one meetings to be held throughout the conference. The presentation will be webcast live and available for replay on the following link.

https://www.webcaster4.com/Webcast/Page/2744/42005

To receive additional information, request an invitation or to schedule a one-on-one meeting, please email angie.goertz@issuerdirect.com.

Investors can register here.

About Access to Giving Virtual Investor Conference

Access to Giving Virtual Investor Conference, being held July 13th – 15th, 2021, is a first-of-its-kind virtual investor conference where companies in all different market cap segments will have the opportunity to present their story and conduct 1×1 meetings with qualified investors, for charity. Investors will make donations to purchase a block of meetings to meet with companies. 100% of monies raised, through bids on 1×1 meetings, will be donated to financial literacy education.

About Diamcor Mining Inc.

Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.

About the Tiffany & Co. Alliance

The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. Tiffany & Co. is a publicly traded company which is listed on the New York Stock Exchange under the symbol TIF. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.

About Krone-Endora at Venetia

In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project's total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade "Alluvial" basal deposit which is covered by a lower-grade upper "Eluvial" deposit. The deposits are proposed to be the result of the direct-shift (in respect to the "Eluvial" deposit) and erosion (in respect to the "Alluvial" deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.

Qualified Person Statement

Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor's exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta ("APEGA"). Mr. Hawkins has reviewed this press release and approved of its contents.

On behalf of the Board of Directors:
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com

For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 757-7179

Cautionary Language

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

WE SEEK SAFE HARBOUR

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.

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/655202/Diamcor-to-Present-at-Access-to-Giving-Virtual-Investor-Conference

VANCOUVER, BC / ACCESSWIRE / July 12, 2021 / International Millennium Mining Corp. (TSXV:IMI) (the "Company" or "IMMC") is pleased to announce that, further to its June 28, 2021 press release, it will be changing its name to "Millennium Silver Corp."

At the opening of the markets on July 13, 2021, the Company's common shares will commence trading under the new name, Millennium Silver Corp., and the new ticker symbol "MSC". The Company's new CUSIP number is 60041D106 and its new ISIN is CA60041D1069.

No action will be required by existing shareholders with respect to the name change. Issued share certificates representing common shares of the Company will not be affected by the change of name and will not need to be exchanged. The Company encourages any shareholder concerns in this regard to be directed to their broker or agent.

International Millennium Mining Corp. (TSXV:IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company's common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

'John A. Versfelt"

John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com), the Company's website (www.immc.ca) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. 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: International Millennium Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/654981/International-Millennium-Mining-Corp-Announces-Name-Change-to-Millennium-Silver-Corp

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 17, 2021 to its short form base shelf prospectus dated January 29, 2021.

TORONTO, July 12, 2021–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, is pleased to provide an exploration update for the Galena Complex and corporate update.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210712005267/en/

Figure 1: Phase 2 Exploration Targets (Section looking North) (Graphic: Americas Gold and Silver Corporation)

Highlights

Phase 1 drilling of the Recapitalization Plan is complete and the results will be incorporated into the updated mineral reserve and resource estimates expected before the end of August 2021.
Targeted mineral resource additions through June 2021 of least 50 million ounces of silver, on a 100% basis for the property.
Initial 21-hole drill program targeting the downdip extension of the prolific Silver Vein all hit high grade mineralization and is now complete. Highlighted recent drill results include:
- Hole 55-183: 3,345 g/t silver and 2.8% copper (3,633 g/t silver equivalent ^[1]) over 3.8 m ^[2]including: 13,800 g/t silver and 11.1% copper (14,900 g/t silver equivalent) over 0.5 m
- Hole 55-143: 2,460 g/t silver and 2.1% copper (2,680 g/t silver equivalent) over 4.1 m
  including: 7,060 g/t silver and 5.4% copper (7,620 g/t silver equivalent) over 0.6 m
- Hole 55-184: 3,966 g/t silver and 4.0% copper (4,372 g/t silver equivalent) over 2.2 m
  including: 7,610 g/t silver and 7.6% copper (8,390 g/t silver equivalent) over 0.5 m
Phase 2 drill program expected to start in Q3-2021 and will initially target extensions of the three south-east plunging veins at depth (72 Vein, Silver Vein and 360 Complex) from the first of several planned drill stations further east to determine the extent and potential source of these similar vein structures. In addition, the Company will also target the Vulcan Gap, which is located between surface and the 2400-Level.
Targeted resource growth from the Phase 2 drilling program is an additional 50 million ounces of silver resources, on a 100% basis for the property.

"The Phase 1 drilling at the Galena Complex has been a tremendous success," stated Americas Gold and Silver President & CEO Darren Blasutti. "I am excited for the results to be incorporated into the updated mineral reserve and resource estimates for the Galena Complex which I believe will continue to showcase the resource potential when capital is allocated to drilling. The recent drilling of the Silver Vein has been remarkable and I believe the Phase 2 drilling will continue to demonstrate the potential of the property at depth."

Galena Update

The Company has completed the Phase 1 drilling program as part of the Galena Complex Recapitalization Plan. The Company’s most recent mineral resource update, which was released in September 2020, already demonstrated the significant exploration potential at the property with Measured and Indicated Resource increasing by 36% and Inferred Resource increasing by 100%.

The Company expects to provide an updated Mineral Resource estimate by the end of August 2021. The Company is confident that based on the continued exploration success, from drilling completed during July 2020 through June 2021, that the resource estimates will increase by the Company’s target for over 50 million ounces of silver, when considering Galena on an 100% basis.

The Company expects 2021 to be a transitional year at the Galena Complex from a production standpoint with continued exploration drilling supporting production growth toward a 2 million silver ounce per year plan by the end of 2022. Longer term, and assuming continued exploration success, the Company is confident that the operation will again reach peak historical annual production levels of approximately 5 million ounces per year.

Continued Exploration Success of Deep Extension of Silver Vein

The initial 21-hole drill program targeting the newly discovered Silver Vein at depth is complete with all holes intersecting mineralization. Most recent high-grade results include:

Hole 55-183: 3,345 g/t silver and 2.8% copper (3,633 g/t silver equivalent) over 3.8 m
including: 13,800 g/t silver and 11.1% copper (14,900 g/t silver equivalent) over 0.5 m
Hole 55-143: 2,460 g/t silver and 2.1% copper (2,680 g/t silver equivalent) over 4.1 m
including: 7,060 g/t silver and 5.4% copper (7,620 g/t silver equivalent) over 0.6 m
Hole 55-184: 3,966 g/t silver and 4.0% copper (4,372 g/t silver equivalent) over 2.2 m
including: 7,610 g/t silver and 7.6% copper (8,390 g/t silver equivalent) over 0.5 m
Hole 55-173: 1,747 g/t silver and 2.0% copper (1,968 g/t silver equivalent) over 1.5 m
including: 12,400 g/t silver and 16.2% copper (14,100 g/t silver equivalent) over 0.1 m
Hole 55-181: 1,185 g/t silver and 1.4% copper (1,330 g/t silver equivalent) over 1.9 m
and: 738 g/t silver and 0.5% lead (790 g/t silver equivalent) over 2.1 m
Hole 55-186: 2,264 g/t silver and 3.1% copper (2,588 g/t silver equivalent) over 0.5 m

A full table of drill results can be found at:
https://americas-gold.com/site/assets/files/4297/dr20210712.pdf.

Phase 2 Exploration Program

The Phase 2 drill program is expected to start in Q3-2021 with several targets identified. Drilling at depth will continue to focus on the three south-east plunging veins which include the 72 Vein, the Silver Vein and what is believed to be the top of the 360 Complex. Drilling will commence from a newly developed drill station further east on the 5500-Level to continue to test the extension of the Silver Vein at depth following the success of the initial 21-hole drill program. Subsequent drill stations are planned further east on the 5500-Level to continue to target the Silver Vein and 360 Complex. The initial drilling success of the 360 Complex during Phase 1 is believed to be the top of the system with the potential to extend at depth. Phase 2 will include continued exploration in gap areas within this south-east plunging trend to determine continuity and potential sources of these high-grade mineralized vein systems.

In addition to this deeper drilling, the Company will also target the Vulcan Gap, which has been historically underexplored and is located between surface and the 2400-Level.

The goal of Phase 2 drilling is to add significant mine life in known vein systems and to discover new orebodies both at depth and near surface. The Company is targeting an additional 50 million ounces of silver from the Phase 2 drilling program, on a 100% basis for the property.

Service of Statement of Claim

The Company has been served with a statement of claim that was filed in the Ontario Superior Court of Justice (the "Court") to commence a proposed class action lawsuit against the Company and its Chief Executive Officer (the "Action"). Pursuant to the Action, the representative plaintiff seeks damages of C$130 million in relation to the Company’s public disclosure concerning its Relief Canyon mine. Although no assurance can be given with respect to the ultimate outcome, the Company believes that the complaint against it is unfounded and without merit, and it intends to vigorously defend the proceeding. The Company does not believe nor admit that the service of a statement of claim in the Action itself constitutes a material change in the business, operations, or capital of the Company but is disclosing the Action for the purpose of incorporating this information into the Company's prospectus supplement dated May 17, 2021.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

Qualified Persons

Niel de Bruin, P.Geo., Director of Geology of the Company and a "qualified person" under National Instrument 43-101, have approved the applicable contents of this news release.

Technical Information

The diamond drilling program used NQ-size core. Americas standard QA/QC practices were utilized to ensure the integrity of the core and sample preparation at the Galena Complex through delivery of the samples to the assay lab. The drill core was stored in a secure facility, photographed, logged and sampled based on lithologic and mineralogical interpretations. Standards of certified reference materials, field duplicates and blanks were inserted as samples shipped with the core samples to the lab.

Analytical work was carried out by American Analytical Services Inc. ("AAS") located in Osburn, Idaho. AAS is an independent, ISO-17025 accredited laboratory. Sample preparation includes a 30-gram pulp sample analyzed by atomic absorption spectrometry ("AA") techniques to determine silver, copper, and lead, using aqua regia for pulp digestion. Samples returning values over 514g/t Ag are re-assayed using fire-assay techniques for silver. Additionally, samples returning values over 23% Pb are re-assayed using titration techniques.

Duplicate pulp samples were sent out quarterly to ALS Global, an independent, ISO-17025 accredited laboratory based in Reno, Nevada to perform an independent check analysis. A conventional AA technique was used for the analysis of silver, copper and lead at ALS Global with the same industry standard procedures as those used by AAS. The assay results listed in this report did not show any significant contamination during sample preparation or sample bias of analysis.

All mining terms used herein have the meanings set forth in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. These standards differ significantly from the requirements of the SEC that are applicable to domestic United States reporting companies. Any mineral reserves and mineral resources reported by the Company in accordance with NI 43-101 may not qualify as such under SEC standards. Accordingly, information contained in this news release may not be comparable to similar information made public by companies subject to the SEC’s reporting and disclosure requirements.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated and targeted production rates and results for gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures; the recapitalization plan at the Galena Complex, including the replacement of the hoist and associated and expected costs; the outcome of the Action. Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential’, "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to operate the Company’s operations; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward‐looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

¹ Silver equivalent was calculated using metal prices of $20.00/oz silver, $3.00/lb copper and $1.05/lb lead.
² Meters represent "True Width" which is calculated for significant intercepts only and is based on orientation axis of core across the estimated dip of the vein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210712005267/en/

Contacts

For more information:

Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416-874-1708

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416‐848‐9503

As of late, it has definitely been a great time to be an investor in Peabody Energy Corporation BTU. The stock has moved higher by 19.5% 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 BTU’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as BTU 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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To read this article on Zacks.com click here.

Zacks Investment Research

TULSA, Okla., July 12, 2021–(BUSINESS WIRE)–Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its second quarter 2021 financial results before the market opens on Monday, July 26, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "investor information" section of ARLP’s website at http://www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13721535.

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basin.

ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.

In addition, ARLP also generates income from a variety of other sources.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at investorrelations@arlp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210712005682/en/

Contacts

Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673

ROUYN-NORANDA, Québec, July 12, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has sold its Tarmac Gold Property (the “Property”) located in Dubuisson Township, Quebec to Wesdome Gold Mines Ltd. (WDO-TSX)(“Wesdome”) for one million dollars ($1,000,000) and a 1% Gross Metal Royalty.

The Property consists of 6 claims covering 94 hectares located entirely within Wesdome’s Kiena Mine Complex and less than 2 kilometers northeast of the Kiena underground mine, all located beneath Lac De Montigny. Previous drilling by Globex in 1996 returned numerous gold intersections such as holes TM-10 (14.22 g/t Au, 84.1 g/t Ag and 6.49% Cu over 1.2 m) and TM-24 (29.92 g/t Au and 22.4 g/t Ag over 2.24 m).

Globex has maintained the Property since the 1996 drilling program due to the evident economic potential. The Property is surrounded on all sides by Wesdome claims, thereby positioning the company to facilitate the potential exploration and advancement of these claims.

The technical content of this press release has been compiled, reviewed and approved by Jack Stoch, Geo., President and CEO of Globex, and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

We Seek Safe Harbour.	Foreign Private Issuer 12g3 – 2(b)
	CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14^th Street Rouyn-Noranda, Quebec Canada J9X 2J1	Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com

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

55,089,817 shares issued and outstanding

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

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) announces a non-brokered private placement of subscription receipts (the "Subscription Receipts") at a price of $0.14 per Subscription Receipt for gross proceeds of up to $10,000,000 (the "Offering"). The proceeds of the Offering will be applied to the acquisition of the Sal de la Puna lithium brine project from Centaur Resources Pty Ltd., described in the Company's news releases of May 25, 2021 and June 10, 2021 (the "Centaur Acquisition"). Amounts not required to complete the Centaur Acquisition will be used by Arena for exploration and development expenditures on the Company's lithium assets and for general corporate purposes.

Lithium Americas Corp. ("Lithium Americas” or “LAC”) will be acquiring $6 million of Subscription Receipts in the Offering. Under LAC’s subscription agreement with Arena, and provided it holds at least 7.5% of Arena's common shares, LAC has been granted the right (i) to participate in future Arena financings to maintain its percentage ownership interest in Arena; and (ii) to appoint a nominee to the Arena board of directors as long as it holds at least 10% of Arena's common shares.

Ganfeng Lithium Co., Ltd ("Ganfeng Lithium") holds a contractual right to participate in the Offering to maintain its percentage ownership interest in Arena under the Subscription agreement dated February 3, 2021.

Upon successful closing of the Company’s share purchase agreement with Centaur Resources Pty Ltd. (the "Release Condition"), the Subscription Receipts will be exchanged without payment of additional consideration for units of the Company (each a "Unit"). Each Unit shall consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.25 for a period of 24 months from the date of issuance. If the Release Condition is not met by August 15, 2021, the proceeds of the Offering will be returned to the subscribers without interest or deduction.

Will Randall, President and Chief Executive Officer of Arena, commented: “Thanks to the support shown by Ganfeng Lithium, and today’s equity investment by Lithium Americas, I am pleased to confirm that upon closing of this offering, Arena will be fully funded to close the transformative acquisition of the Sal de la Puna Project in Salta, Argentina. Indeed, this financing provides the Company with sufficient working capital to advance our lithium projects towards our ultimate goal of becoming a low-cost supplier to the lithium carbonate industry.”

The Sal de la Puna Project

The Sal de la Puna Project covers approximately 11,000 hectares of the Pastos Grandes basin located in the Puna region of Salta province at an average elevation of 4,000 metres above sea level. The project hosts a large portion of the Pastos Grandes salar adjacent and south of Millennial Lithium’s 12,700-hectare Pastos Grandes project and Litica’s Pozuelos-Pastos Grandes project which shares the northern portion of the same salar. Litica is a subsidiary of Latin American leading oil and gas producers PlusPetrol S.A., who acquired LSC Lithium in 2019 giving them ownership of their lithium assets in Argentina. The Sal de la Puna project is also located 50 km north of Lithium X Energy Corp.’s project, which was sold for $265 million in 2018, where Mr. Morales, Executive Chairman, and Mr. Randall, President and CEO, were senior executives.

Approximately $22 million has been invested in the property by the current private operators/owners, including approximately $13 million in work completed at Sal de la Puna over the last five years. Work included drilling of three wells, including a pumping well to approximately 600 metres below surface, pumping tests, seismic and TEM geophysical surveys. The drilling was carried out on a portion of the Alma Fuerte, one of the nine 100% owned claims.

The technical information contained in this news release has been reviewed and approved by William Randall, P.Geo, who is a Qualified Person as defined under NI 43-101. As President and Chief Executive Officer of the Company, Mr. Randall is not considered independent.

About Lithium Americas Corp.

Lithium Americas is advancing to production the Caucharí-Olaroz lithium brine project in partnership with Ganfeng in Argentina and developing the Thacker Pass lithium project in Nevada, USA. Lithium Americas is a Canadian-based company listed on both the Toronto Stock Exchange (“TSX”) and New York Stock Exchange (“NYSE”) under the ticker symbol “LAC”, with a market capitalisation of more than $2 billion.

About Ganfeng Lithium Co.

Ganfeng Lithium (1772.HK; OTCQX: GNENF), is one of the world’s leading lithium manufacturers and is listed on the Shenzhen Stock Exchange and on the Hong Kong Stock Exchange (Ticker 1772.HK) since 2018 when it raised US$ 440 million in an IPO. Ganfeng Lithium is a top three lithium compound producer, and the largest producer of lithium metal globally. Ganfeng has a strong presence in Argentina, including a 46.7% ownership in Minera Exar which operates the Caucharí-Olaroz project in Jujuy province.

About Arena Minerals Inc.

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

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

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

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

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

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muertos or Posits Projects in Argentina, and the Company's ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

TORONTO, ON / ACCESSWIRE / July 12, 2021 / Pinetree Capital Ltd. ('Pinetree') (TSX:PNP) today announced the completion of its previously announced 100 to 1 share consolidation of its common shares followed immediately by a 1 to 50 share split. Shareholders who held less than 100 common shares at the close of business on July 9, 2021 are entitled to receive a cash payment in exchange for their common shares equal to C$2.02 per common share (the 'Cash Proceeds'). The Cash Proceeds are based on the average trading price of the common shares on the Toronto Stock Exchange (the 'TSX') during the 20 consecutive trading days ending on and including July 9, 2021.

The common shares are expected to commence trading on a post-consolidation and split basis on the TSX on or about July 14, 2021 under a new CUSIP number and the same trading symbol.

As previously announced, letters of transmittal were mailed to registered shareholders on May 28, 2021 providing instructions to surrender their common shares to Pinetree's transfer agent, TSX Trust Company ('TSX Trust'), for (a) in the case of holders of 100 or more common shares as at close of business on July 9, 2021, replacement certificates representing the same number of common shares they currently hold and (b) in the case of holders of less than 100 common shares as at close of business on July 9, 2021, the Cash Proceeds. Registered shareholders are requested to submit their share certificates, together with their completed applicable letter of transmittal, to TSX Trust. Copies of the letters of transmittal are available on SEDAR under Pinetree's issuer profile at www.sedar.com. Registered shareholders may also contact TSX Trust to request a copy of the letters of transmittal at (416) 342-1091 (or 1-866-600-5869), or tmxeinvestorservices@tmx.com.

Non-registered shareholders who hold their Pinetree common shares through an intermediary such as a bank, trust company, securities dealer or broker should note that these intermediaries may have their own procedures for processing the share consolidation and share split which may differ from those described above for registered shareholders. Non-registered shareholders who have questions should contact their intermediary for more information.

Forward-Looking Statements

Certain statements herein may be 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Pinetree or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Pinetree assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances. Accordingly, when relying on forward-looking statements to make decisions, Pinetree cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to the date Pinetree expects its common shares to begin trading on a post-consolidation and split basis.

About Pinetree Capital Ltd.

Pinetree is a value-oriented investment and merchant banking company focused on the technology sector. Pinetree's common shares are listed on the TSX under the symbol 'PNP'.

For further information:

John Bouffard
Chief Financial Officer
416-941-9600 x 200
jbouffard@pinetreecapital.com
www.pinetreecapital.com

SOURCE: Pinetree Capital Ltd.

View source version on accesswire.com:
https://www.accesswire.com/655053/Pinetree-Capital-Announces-Completion-of-Share-Consolidation-and-Split

VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Lithium Americas" or the "Company") announced that it has entered into an agreement to acquire 42,857,143 subscription receipts of Arena Minerals Inc. (TSX-V: AN) (“Arena Minerals”) in a private placement at C$0.14 per subscription receipt for total consideration of C$6.0 million (US$4.8 million).

The strategic ownership in Arena Minerals will provide Lithium Americas future optionality to advance exploration in Argentina in proximity to the Caucharí-Olaroz lithium project (“Caucharí-Olaroz”), which is being jointly developed by the Company and Ganfeng Lithium Co. Ltd. ("Ganfeng"). Ganfeng also holds a 18.7% equity investment in Arena Minerals. Both Lithium Americas and Ganfeng are expected to leverage their deep technical and operational experience to support Arena Minerals’ exploration and development opportunities in Argentina, including the Sal de la Puna project.

"We look forward to working with Arena Minerals and Ganfeng to support the pursuit of resource exploration opportunities in Argentina," commented Jon Evans, President and CEO. "This investment will allow Lithium Americas to advance our long-term resource development plans, while maintaining our team’s focus on execution at Caucharí-Olaroz and the Thacker Pass project.”

The investment is part of a C$10 million non-brokered private placement of subscription receipts of Arena Minerals (the “Offering”). The proceeds of the Offering will be applied by Arena Minerals to the acquisition of the Sal de la Puna lithium brine project in Salta, Argentina, exploration and development expenditures on the Company's lithium assets and for general corporate purposes. Lithium Americas currently does not hold any securities of Arena Minerals. On closing, assuming completion of the full $10 million offering by Arena Minerals, the Company will own approximately 12.9% (14.6% on a fully diluted basis) of the issued and outstanding shares of Arena Minerals.

Pursuant to the agreement, Lithium Americas has the right (i) to participate in future Arena Minerals financings to maintain its pro rata ownership interest in Arena Minerals; and (ii) to appoint a nominee to the Arena Minerals board of directors. These rights are conditioned on Lithium Americas maintaining an ownership interest in Arena Minerals of 7.5% and 10.0% of Arena Minerals’ share capital, respectively.

Upon closing, each subscription receipt will be exchanged for one common share of Arena Minerals, and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share of Arena Minerals at C$0.25 for a period of 24 months from the date of issuance. If Arena Minerals’ acquisition of Sal de la Puna is not met by August 15, 2021, the proceeds of the Offering will be returned to the holder.

The Company is acquiring the securities for investment purposes. Depending on market conditions and other factors, Lithium Americas may, from time to time, acquire additional common shares, common share purchase warrants or other securities of Arena or dispose of some or all of the common shares, common share purchase warrants or other securities of Arena that it owns at such time. An early warning report will be filed by Lithium Americas on SEDAR at www.sedar.com in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact the Corporate Secretary of Lithium Americas at 778-656-5820 or legal@lithiumamericas.com.

About Arena Minerals
Arena Minerals Inc. (TSX-V: AN) is an exploration-stage lithium company focused on developing brine resources in Argentina. Arena Minerals’ team has extensive experience in lithium exploration and development, including the discovery and development of the Salar de los Angeles lithium brine project in Argentina, which was acquired in 2018 for C$265 million. Arena Minerals owns the Antofalla lithium brine project in Argentina, consisting of claims covering a total of 6,000 hectares in the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena Minerals has recently agreed to acquire the Sal de la Puna project in Salta, Argentina.

About Lithium Americas
Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”.

For further information contact:

Investor Relations
Telephone: 778-656-5820
Email: ir@lithiumamericas.com
Website: www.lithiumamericas.com

Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (which we refer to collectively as forward-looking information) under the provisions of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking information, examples of which in this news release include, among other things, statements related to: the Company’s investment in a private placement by Arena Minerals and expected ownership interest upon closing thereof, provided certain conditions to closing are met; the expected benefits to the Company from such investment; any support the Company expects to provide to Arena Minerals to advance its projects; and any future acquisition or disposition of securities of Arena Minerals.

Forward-looking information is based upon a number of factors and assumptions that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information. Such information reflects the Company’s current views with respect to future events and is necessarily based upon a number of assumptions that, while considered reasonable by the Company today, are inherently subject to significant uncertainties and contingencies. These assumptions include, among others: changes to the Company’s current and future business plans and the strategic alternatives available to the Company; stock market conditions generally; demand, supply and pricing for lithium; results of exploration activities and technical reporting by Arena Minerals; current technological trends; a cordial business relationship among the Company, Arena Minerals and Ganfeng; the ability of the Company to fund, advance and develop its projects; and general economic and political conditions in Argentina and other jurisdictions where the Company conducts business.

Additional risks, assumptions and other factors upon which forward-looking information is based, as it pertains to the Company and its properties, are set out in the Company’s management discussion and analysis and most recent annual information form, copies of which are available on SEDAR at www.sedar.com.

Although the Company has attempted to identify important risks and assumptions, given the inherent uncertainties in such forward-looking information, there may be other factors that cause results to differ materially. Forward-looking information is made as of the date hereof and the Company does not intend, and expressly disclaims any obligation to update or revise the forward-looking information contained in this news release, except as required by applicable law. Accordingly, readers are cautioned not to place undue reliance on forward-looking information.

VANCOUVER, British Columbia, July 12, 2021 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, is pleased to announce that it has been added to the VanEck Vectors Rare Earth/Strategic Metals ETF (“REMX”). Standard Lithium was posted to the REMX on June 30, 2021.

Robert Mintak, CEO of Standard Lithium stated that “On the heels of our recent announcement of the approval to list on the NYSE American, inclusion in the REMX is another step in demonstrating the evolution of Standard Lithium as we continue to execute our business plan and provide increased value for our shareholders.”

At market opening on July 13, 2021, Standard Lithium’s common shares will commence trading under the ticker symbol “SLI”, on both TSX Venture Exchange and the NYSE American. This ticker symbol change does not require any action by current shareholders. There is no change in the name or CUSIP of the Company and no consolidation of share capital in connection with the NYSE American listing.

About Standard Lithium Ltd.

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

Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC – Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.

On behalf of the Board of Standard Lithium Ltd.

Robert Mintak, CEO & Director

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

Twitter @standardlithium

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

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

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

/NOT FOR DISTRIBUTION TO THE UNITED STATES./

VANCOUVER, BC, July 12, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce a non-brokered private placement financing of up to 16,000,000 units at a price of $0.16 per unit for gross proceeds of $2,560,000.

Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.)

"As demand for uranium and overall interest in the sector continues to increase we want to ensure that Blue Sky is funded to continue and expand its staged drill program at the Amarillo Grande Project," stated Nikolaos Cacos, President & C.E.O. "With this raise we will be well positioned to drill test multiple priority targets in the Ivana area as drilling permits are granted with the goal of expanding the projects resource base."

Each unit (the "Units") will consist of one common share (a "Share") and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.25 per share for two (2) years from the date of issue.

This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company may participate in a portion of the financing. A commission may be paid on a portion of the financing. The proceeds of the financing will be used for exploration programs on the Company's projects in Argentina and for general working capital.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

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.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

SOURCE Blue Sky Uranium Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/12/c3460.html

Not for distribution to U.S. news wire services or dissemination in the United States

TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3) ("Signature" or the "Company") is pleased to announce that, further to its press release dated June 21, 2021, it has closed an oversubscribed non-brokered private placement (the “Offering”) effective July 9, 2021 by issuing 13,107,312 non-flow-through units (the “NFT Units”) and 10,965,591 flow-through units (the ”FT Units”) for aggregate gross proceeds of $3,906,492. The financing included Commodity Discovery Fund (“CDF”) out of the Netherlands and was further bolstered by additional support from existing shareholders including funds managed by Sprott Asset Management LP and Crescat Capital.

“We are incredibly happy to welcome CDF as a new investor, as well as the continued support from our current investors. With the additional funds raised, Signature is fully funded for the completion of the ongoing support camp expansion and its planned 10,000-meter drill program expected to commence late Q3/21. Two Company-owned diamond drill rigs will be used for the expanded fall program. In addition, the ground IP team is in the process of completing the 3D IP program from which the data will be used to enhance the fall program’s drill targeting. Regional airborne LIDAR and geophysics in conjunction with ground prospecting are scheduled to commence in July and continue over the summer and fall to establish other regional perspective drill targets on the company’s 100% owned land. Nordmin Engineering continues to work with the Company to convert historical data into modern standards in preparation for a maiden NI 43-101 resource by late 2022.”

Robert Vallis, P.Eng, MBA – President & CEO, Director

Each FT Unit was issued at a price of C$0.165 and was comprised of one common share of the Company and one-half non flow-through common share purchase warrant (a “FT Warrant”) with an exercise price of C$0.25 per FT Warrant. Concurrently, NFT Units were issued at a price of $0.16 per NFT Unit consisting of one common share and one-half common share purchase warrant (a “NFT Warrant”) with an exercise price of C$0.22 per NFT Warrant. Both the FT Warrants and the NFT Warrants expire two-years following the closing date of the Offering.

The net proceeds from the Offering will be used for general corporate purposes but primarily used to expand the current exploration efforts focused on the Lingman Lake Gold Project.

In connection with the Offering, Cormark Securities Ltd. and Amvest Capital (acting though Four Points Capital Partners, LLC) were paid finders fees. The Company paid aggregate cash finder's fees of $101,500 and issued 782,443 finder's warrants (each, a "Finder's Warrant"). Each Finder's Warrant is exercisable to acquire one Common Share at a price of $0.16 (for Finder's Warrants issued pursuant to the sale of HD Units) and $0.165 (for Finder's Warrants issued pursuant to the sale of FT Units) for a period of 12 months following closing of the Offering.

All securities issued pursuant to the Offering, including the Finder’s Warrants, are subject to a statutory hold period ending November 10, 2021. The Offering is subject to final acceptance of the TSX Venture Exchange.

About Signature
The Lingman Lake gold property consists of 1,434 staked claims, four free hold full patented claims and 14 mineral rights patented claims totaling approximately 27,448 hectares. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.

*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators, and information provided by governmental authorities. A Qualified Person has not done sufficient work to verify the classification of the mineral resource estimates in accordance with current CIM categories. The Company is not treating the historical estimate as a current NI 43-101 mineral resource estimate. Establishing a current mineral resource estimate on the Lingman Lake deposit will require further evaluation, which the Company and its consultants intend to complete in due course. Additional information regarding historical resource estimates is available in the technical report entitled, "Technical Report on the Lingman Lake Gold Property" dated January 31, 2020, prepared by John M. Siriunas, P.Eng. and Walter Hanych, P.Geo., available on the Company's SEDAR profile at www.sedar.com
To find out more about Signature Resources Limited, visit our website at www.signatureresources.ca, or contact:

Jonathan Held
Chief Financial Officer
416-270-9566

Cautionary Notes

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or 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”, or “plan”. Since forward-looking statements are based on 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 the Company, the Company provides no assurance that actual results will meet 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 from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, final acceptance by the TSX Venture Exchange, the use of proceeds of the Offering, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to completion of the drill program, changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

A man walks along the embankment of the River Thames in south London, with the skyline of the City of London in the background. Photo: Justin Tallis/ AFP via Getty Images

European stock markets were in the red as fears over the spread of the delta variant mount in the UK, Europe and US. Several countries including Japan, South Korea and Australia also reimposed tighter restrictions.

The FTSE 100 (^FTSE) was down over 0.7% around lunchtime in London, France’s CAC (^FCHI) was 0.4% lower, and the DAX (^GDAXI) fell 0.2% in Germany.

Travel companies are weighing on the FTSE with British Airways parent International Consolidated Airline Group (IAG.L) declining 2.6%, while jet engine maker Rolls-Royce (RR.L) slumping 4%.

Mining stocks weighed London's bluechip index, with Antofagasta (ANTO.L) crashing 3.2%, Evraz (EVR.L) falling 2.6%, Anglo America (AAL.L) declining 2.4% and Glecore (GLEN.L) dipping 2%.

"In light of the events of the last few days, and the rise in Delta variant cases, optimism over the economic rebound, and possible tightening appears to have shifted markedly to concern further measures from central banks could well be needed from some central bankers to support the economy as we head towards year end," said Michael Hewson, chief analyst at CMC Markets.

It comes as European Central Bank President Christine Lagarde told investors to prepare for new guidance on monetary stimulus in 10 days, over the weekend.

"With ECB president Christine Lagarde declaring at the weekend that the ECB would be reviewing its policy guidance at next week’s meeting on 22nd July, with the PEPP likely to see some tweaks in order to support the recovery into and through 2022," Hewson added.

Oil prices slipped after a two-day gain as investors assessed the demand outlook amid as infections rise across the world. Both benchmarks brent and crude fell 1.7% to $74.30 (£53.62) and $73.28 respectively.

The Organization of the Petroleum Exporting Countries and their allies (OPEC+) did not reach an agreement to increase output from August.

It comes after finance chiefs of the G20 large economies warned on Saturday the spread of coronavirus strains and unequal access to vaccines threaten the global economic recovery.

Across the Atlantic, US stocks closed higher on Friday as investors await US banks earnings reports, key inflation data and Federal Reserve Chair Jerome Powell’s semi-annual appearance before Congress.

Wall Street’s blue-chip S&P 500 (^GSPC) climbed 48.71 points or just over 1%, while the Dow Jones (^DJI) ended the session 1.3% higher. Meanwhile, the tech-heavy Nasdaq (^IXIC) closed 1% up.

It came as Federal Reserve chairman Jerome Powell reiterated on Tuesday that the recent increase in inflation will likely be temporary. Powell told the Congress that the central bank will wait for actual inflation to take root before raising interest rates.

Asian stocks rose at the start of the week as China’s central bank moved to boost liquidity.

Shanghai Composite (000001.SS) was up just over 0.6% after the Chinese central bank cut the level of reserves commercial banks must hold, freeing up money for lending as forecasters anticipate China's economic rebound might be weakening. The Hang Seng (^HSI) rose over 0.7%, while the Nikkei (^N225) advanced 2.3% in Japan.

Watch: What is inflation and why is it important?

Lithium Americas shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

EnerSys ENS stands to benefit from its exposure in diverse end markets, which allows it to neutralize risks associated with a single market with strength across others. In fourth quarter of fiscal 2021 (ended March 2021), the company’s organic revenues grew 4% year over year, on the back of strong end markets in Asia and recovery in end markets across North America and the Middle East and Africa. Improving demand environment across aerospace & defense and lithium-based battery technology end markets bode well for the company.

The company believes in strengthening its businesses through addition of assets. The acquisition of NorthStar (October 2019) has strengthened its position as a provider of the NexSys Thin Plate Pure Lead products. In fiscal 2021 (ended March 2021), the acquisition boosted its revenues by 2%.

It focuses on rewarding shareholders through dividend payments. In fiscal 2021, EnerSys used $29.8 million for paying out dividends. In fiscal 2021, its operating cash flow was $358.4 million, reflecting an increase of 41.4%, on a year-over-year basis. Further improvement in cash flows is likely to effectively support the company's capital-allocation strategies.

However, the company has been experiencing persistent weakness across its Motive Power segment over the past few quarters, owing to the coronavirus outbreak-related challenges. Based on low future demand for motive power batteries, in November 2020, EnerSys approved a plan to close its motive power facility in Hagen, Germany.

Its high-debt profile poses a concern as well. In the last five fiscal years (2017-2021), its long-term debt (net of unamortized debt issuance costs) rose 10.5% (CAGR). At the end of fiscal 2021, the metric remained high at $969.6 million. Any further increase in debt levels can raise the company’s financial obligations.

Image Source: Zacks Investment Research

In the past six months, this Zacks Rank #3 (Hold) stock has returned 7.8% compared with the industry’s growth of 6%.

Stocks to Consider

Some better-ranked stocks from the same space are Eaton Corporation plc ETN, Franklin Electric Co., Inc. FELE and SPX FLOW, Inc. FLOW, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Eaton delivered an earnings surprise of 15.20% in the last reported quarter.

Franklin Electric delivered an earnings surprise of 51.28% in the last reported quarter.

SPX FLOW delivered an earnings surprise of 84.85% in the last reported quarter.

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PRODUCTION TABLE	Q2	Q2	Y/Y	Q1	Q/Q
PRODUCTION TABLE	2021	2020	Change	2021	Change
Ore processed/tonnes milled	826,213	333,559	148%	614,245	35%
Silver ounces produced	3,274,026	1,834,575	78%	2,908,024	13%
Gold ounces produced	46,545	15,764	195%	23,873	95%
Silver equivalent ounces produced	6,435,023	3,505,376	84%	4,540,296	42%

Mine	Ore Processed	Tonnes per Day	Ag Grade (g/t)	Au Grade (g/t)	Ag Recovery	Au Recovery	Ag Oz Produced	Au Oz Produced	AgEq Oz Produced
San Dimas	202,382	2,224	301	3.07	95%	96%	1,868,031	19,227	3,176,725
Jerritt Canyon	146,611	2,365	–	4.03	–	84%	–	18,762	1,270,398
Santa Elena	234,381	2,576	81	1.17	93%	96%	565,453	8,453	1,140,398
La Encantada	242,839	2,669	138	0.02	78%	90%	840,541	102	847,502
Total	826,213	9,079	137	1.80	90%	91%	3,274,026	46,545	6,435,023

	Silver Oz (M)	Gold Oz (k)	Silver Eqv Oz (M)	Cash Cost	AISC
	Silver Oz (M)	Gold Oz (k)	Silver Eqv Oz (M)	Cash Cost	AISC
Silver:				($ per AgEq oz)	($ per AgEq oz)
San Dimas, Mexico	4.0 – 4.5	43 – 48	7.1 – 7.9	7.39 – 7.84	10.43 – 11.21
Santa Elena, Mexico	1.2 – 1.4	14 – 16	2.3 – 2.5	14.07 – 14.91	17.72 – 18.97
La Encantada, Mexico	1.5 – 1.7	–	1.5 – 1.7	13.29 – 14.08	15.57 – 16.60
Mexico Consolidated:	6.7 – 7.6	57 – 64	10.9 – 12.1	9.81 – 11.29	14.86 – 16.86

Gold:				($ per AuEq oz)	($ per AuEq oz)
Jerritt Canyon, USA	–	54 – 60	3.9 – 4.3	1,365 – 1,447	1,816 – 1,949
Total Production				($ per AgEq oz)	($ per AgEq oz)
Consolidated	6.7 – 7.6	111 – 124	14.8 – 16.4	12.20 – 13.60	17.57 – 19.53

	Silver Oz (M)	Gold Oz (k)	Silver Eqv Oz (M)	Cash Cost	AISC
	Silver Oz (M)	Gold Oz (k)	Silver Eqv Oz (M)	Cash Cost	AISC
Silver:				($ per AgEq oz)	($ per AgEq oz)
San Dimas, Mexico	7.6 – 8.1	80 – 85	13.2 – 14.0	8.51 – 8.82	12.04 – 12.56
Santa Elena, Mexico	2.3 – 2.4	29 – 31	4.3 – 4.6	15.74 – 16.29	19.97 – 20.77
La Encantada, Mexico	3.1 – 3.3	–	3.1 – 3.3	13.39 – 13.78	15.73 – 16.25
Mexico Consolidated:	13.0 – 13.8	109 – 115	20.6 – 21.9	10.75 – 11.12	15.77 – 16.43

Gold:				($ per AuEq oz)	($ per AuEq oz)
Jerritt Canyon, USA	–	72 – 79	5.1 – 5.6	1,381 – 1,443	1,785 – 1,881
Total Production				($ per AgEq oz)	($ per AgEq oz)
Consolidated	13.0 – 13.8	181 – 194	25.7 – 27.5	12.52 – 12.96	17.86 – 18.63

Revised 2021 Capital Budget ($millions)	Sustaining	Expansionary	Total
Underground Development	47.1	45.1	92.2
Exploration	0.5	34.6	35.1
Property, Plant and Equipment	33.7	19.2	52.9
Corporate Projects	3.0	22.2	25.2
Total	$84.2	$121.1	$205.3

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7. Kirkland Lake Gold Ltd. (NYSE: KL)

6. Kinross Gold Corporation (NYSE: KGC)

Figure 1

Casault Option to Wallbridge

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Figure 1

Plan View of the Guayabales Project and the Donut Target

Figure 2

Plan View of the Donut Mine Showing the Grade Ranges for Channel Sampling Assay Results

Figure 3

Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.

Figure 4

Donut Target porphyry style mineralization in underground workings showing abundant copper mineralization as chalcocite with pyrite.

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