Goliath Resources Limited

TORONTO, April 08, 2024 (GLOBE NEWSWIRE) — Goliath Resources Limited (OTCQB: GOTRF) (TSX-V: GOT) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce it has been pre-selected by South Florida-based Noble Capital Markets Inc. (“Noble”) to present at its 20th annual NobleCon emerging growth equity conference and will also be co-hosting the “After” at Privaira Hangar, Boca Raton Airport. This is Noble’s 40th year anniversary of supporting emerging growth companies.

“We are very excited to have been pre-selected and hand picked from a long roster of companies to receive Noble’s endorsement to participate and help celebrate their 40th Anniversary and 20th NobleCon emerging growth equity conference,” stated Roger Rosmus, Founder & CEO of Goliath.

NobleCon20 will be held December 3 – 4, 2024 at the Florida Atlantic University’s College of Business Executive Education programs complex. This year three of the original “Sharks” from the ABC hit series “Shark Tank” will be in attendance for a two-day event focused on business pitches, keynote speakers and networking.

Venture capitalist Kevin O’Leary (commonly referred to as “Mr. Wonderful”), FUBU apparel founder Daymond John, and cyber-tech giant Robert Herjavec will be featured on the same stage where last year’s keynote speaker, former President George W. Bush, captivated the audience.

Bringing all three celebrity investors together was no small challenge and their joint appearance for a 95-minute, two-part event on the NobleCon20 stage will be one of a kind. First, the trio will give a moderated fireside chat, followed by a series of business pitches from hopeful entrepreneurs selected by Noble and from Florida Atlantic students and alumni.

NobleCon20 will also feature two topical panel presentations featuring notable opinion leaders, an expanded one-on-one meeting schedule, presentations from emerging growth public company senior executives and an opening-session keynote speech. The disco-themed 2024 edition of the “After,” hosted in conjunction with Goliath Resources and Money Channel NYC / Moneyball Networking, will be held at the Privaira Hangar at the Boca Raton International Airport.

“For NobleCon20 we want to focus on the importance of entrepreneurship, the economic significance of emerging growth companies, and the methodology of making strategic and disciplined investments. These ‘Sharks’ brings all of that to the stage,” Mark Pinvidic, Noble’s managing partner, said. “It’s our 40th anniversary and our 20th NobleCon, so expectations are high, particularly considering some of the networking events we’ve done in the past. Rest assured, this ‘After’ will be one for the record books.”

Noble has now opened the selection process for public company executives who would like to join the roster of speakers. General attendance registration will be available in July. Preliminary info can be obtained at www.nobleconference.com.

About Florida Atlantic University:Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 30,000 undergraduate and graduate students across six campuses located along the southeast Florida coast. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. Through the coexistence of access and excellence, FAU embodies an innovative model where traditional achievement gaps vanish. FAU is designated a Hispanic-serving institution, ranked as a top public university by U.S. News & World Report and a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. For more information, visit www.fau.edu.

About Noble Capital Markets, Inc. and Channelchek:

Noble Capital Markets Inc. was established in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed emerging growth companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 40 years, Noble has raised billions of dollars for companies and published more than 45,000 equity research reports. Noble launched www.channelchek.com in 2018 – an investor community dedicated exclusively to public emerging growth and their industries. Channelchek is the first service to offer institutional-quality research to the public, for FREE at every level without a subscription. More than 7,000 public emerging growth companies are listed on the site, and content including equity research, webcasts, and industry articles. For more information, visit www.noblecapitalmarkets.com

Golddigger – Goliath Resources’ Flagship Property

The Golddigger Property is 100% controlled covering an area of 64,264 hectares (158,800 acres) and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the ‘Red Line’ that is host to multiple world class deposits.

The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements and no cyanide required to recover the gold based on metallurgical work completed to date).

It is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.

Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.

Qualified Person

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

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada. The Company currently has ample funds in its treasury to initiate a significant 2024 drill program and has key strategic shareholders that include Crescat Capital, as well as cornerstone billionaire exploration resource investors Mr. Rob McEwen and Mr. Eric Sprott.

For more information please contact: Goliath Resources Limited Mr. Roger Rosmus Founder and CEO Tel: +1.416.488.2887roger@goliathresources.com www.goliathresourcesltd.com

Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: Au 1924.79 USD/oz, Ag 22.76 USD/oz, Cu 3.75 USD/lbs, Pb 2128.75 USD/ton and Zn 2468.50 USD/ton on December 23, 2023. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.

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

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

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

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

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

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

Freeport-McMoRan (FCX) closed the latest trading day at $49.47, indicating a +0.59% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. On the other hand, the Dow registered a gain of 0.8%, and the technology-centric Nasdaq increased by 1.24%.

Coming into today, shares of the mining company had gained 23.54% in the past month. In that same time, the Basic Materials sector gained 5.96%, while the S&P 500 gained 0.48%.

The upcoming earnings release of Freeport-McMoRan will be of great interest to investors. The company's earnings report is expected on April 23, 2024. The company's earnings per share (EPS) are projected to be $0.31, reflecting a 40.38% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $5.64 billion, indicating a 4.67% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $23.72 billion, which would represent changes of -1.95% and +3.76%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Freeport-McMoRan. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.86% lower within the past month. Freeport-McMoRan is holding a Zacks Rank of #3 (Hold) right now.

Looking at valuation, Freeport-McMoRan is presently trading at a Forward P/E ratio of 32.56. This indicates a premium in contrast to its industry's Forward P/E of 16.81.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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

WHITE ROCK, BC / ACCESSWIRE / April 4, 2024 / Honey Badger Silver Inc. (TSXV:TUF) ("Honey Badger" or the "Company"), further to its news release of March 20, 2024, Honey Badger is pleased to confirm that it is increasing the size of its previously announce offering. An additional up to 3,076,923 Flow-Through Shares will be issued in the offering at a price of $0.065 for additional aggregate gross proceeds of up to $200,000. These additional proceeds will be used to fund exploration programs on one or more of the Company's exploration properties located in the Yukon, Northwest Territories, and Nunavut that will qualify as "Canadian Exploration Expenses" and once renounced, "flow-through mining expenditures", as those terms are defined in the Income Tax Act (Canada). All dollar amounts are in Canadian funds.

The securities issued in connection with the offering will be subject to a four-month and a day hold period. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange. Finder's fees will be payable in the offering.

Caution to US Investors

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

About Honey Badger Silver Inc.Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver Indicated and 13.9 Moz of silver Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002. (2,3)

Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.

Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.

Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."

A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic tonnage estimate cannot be relied upon. Additional work, including verification drilling / sampling, will be required to verify the estimate as a current mineral resource.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, CEO

For more information please visit our website www.honeybadgersilver.com or contact Ms. Michelle Savella for Investor Relations | msavella@honeybadgersilver.com | +1 (604) 828-5886.

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

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, risks relating to the anticipated completion of the Offering, capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. 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 timeframes 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.

SOURCE: Honey Badger Silver Inc.

View the original press release on accesswire.com

Vancouver, British Columbia–(Newsfile Corp. – April 4, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") is pleased to announce that it has appointed Neil Duboff to its board of directors, effective immediately. Mr. Duboff is the director nominee of Norway House Creen Nation ("NHCN") pursuant to the Impacts and Benefits Agreement between Flying Nickel and NHCN dated effective March 2, 2023.

Mr. Duboff is the managing partner of the Winnipeg law firm Duboff Edwards Haight & Schachter and has been practicing law since 1985. His practice is focused primarily in the areas of Corporate Structuring, Acquisitions and Financing, Transportation Law and Aboriginal Law with an emphasis on taxation, trusts, Governments and Associations. Mr. Duboff acts for many First Nations across the country, as well as banks, First Nations development companies and First Nations businesses.

Mr. Duboff has been a frequent presenter at conferences throughout Canada, including the Canadian Association of Insurance and Financial Advisors (2001), the Smart Money Fairs, presented by the Winnipeg Free Press, the annual conference of the Native Trade and Investment Association and First Nation Taxation Program, presented by Current information Ltd. and Group Mindset. Mr. Duboff has been an instructor of trust and estate planning in various school divisions as well as Red River Community College, CUPE, the City of Winnipeg and the Winnipeg School Division.

Recognizing the importance of being involved in our community, Mr. Duboff also sits on and takes an active role in many nonprofit organizations throughout the country, including the Native Association of Trust Officers Society Trust and Estate Planners (STEP).

Mr. Duboff is past chair of the Saint Boniface Hospital Foundation, and serves as a trustee of the City of Winnipeg Pension Fund. He has Chaired the Regulated Health Care Professions Council for the Province of Manitoba and formerly sat on the Public Utilities Board.

About Flying Nickel

Flying Nickel is a nickel sulphide exploration-stage mining company. The Company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John LeeChief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204272

Trading Symbol: ELR (TSX); EPS (JSE)

VANCOUVER, BC, April 4, 2024 /CNW/ – Eastern Platinum Limited ("Eastplats" or the "Company") announces that, further to its news release dated March 18, 2024, it did not file its annual audited financial statements for the fiscal year ended December 31, 2023 and the related management's discussion and analysis and annual information form for the fiscal year ended December 31, 2023 (the "Required Filings") by the deadline of April 1, 2024. The Company made an application to the provincial securities commissions under National Policy 12-203 Cease Trade Orders ("NP 12-203") and has received a Management Cease Trade Order (the "MCTO") in respect of the late filing. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's Chief Executive Officer, Chief Financial Officer and such other directors, officers and persons as determined by the applicable regulatory authorities, will not be able to trade the Company's shares.

Eastern Platinum logo (CNW Group/Eastern Platinum Ltd.)

The Company currently expects to file its audited financial statements for the fiscal year ended December 31, 2023 and the related management's discussion and analysis as soon as practicable. Until then, the Company intends to comply with the provisions of the alternative information guidelines as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of platinum group metal ("PGM") and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.

Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "will", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedarplus.ca.

In particular, this press release contains forward-looking statements pertaining to filing of the Required Filings and the timing thereof. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedarplus.ca. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/04/c8121.html

Shortly after Canada evicted Chinese investors from certain critical minerals assets, the U.S. Department of Defense began developing its own AI program to estimate critical mineral prices and predict supplies as it pushes to jumpstart U.S. production that is essential to long-term national and energy security.

North America is at a critical junction, and the ground beneath Case Lake in northeastern Ontario holds the prospect of helping to secure one mineral in particular—the lack of which poses a significant security problem.

The metal is cesium (Cs), and the Canadian company that just launched a new drilling campaign at Case Lake targeting what could end up being the world’s only new source of this rare mineral has been at the center of an East-West struggle for control of future supply.

As Power Metals Corp (TSXV:PWM,OTC: PWRMF) drills down into Case Lake’s known lithium, tantalum and cesium deposits, it’s become a focal point of North America’s push to secure domestic supply and keep it out of dominating Chinese hands.

Cesium is central to the United States’ goal of winning the 5G race, it plays a key role in aircraft guidance systems, oil and gas drilling, and global positioning satellites.

Cesium is the rarest and most electropositive of five naturally occurring alkali metals, but it is not mined in the United States, which is completely dependent on imports.

And now, this critical metal is the sweetener at Power Metal’s Case Lake lithium play and it’s also the centerpiece of a supply power struggle between China one hand, and Australia and North America on the other.

When the Canadian government in November 2022 ordered the Chinese to divest from three critical minerals mining companies, Power Metals was one of them.

That move left Power Metals in control of two key assets: a potentially high-quality lithium mine and what could end up being the only functioning cesium mine in the world that China doesn’t own.

It also saw an Australian lithium juggernaut jump into the fray to scoop up the Chinese stake, and then increase that stake three times since.

Now, Power Metals is in the middle of another drilling campaign at Case Lake, and results of assays for lithium-tantalum-cesium (LTC) are expected in the coming weeks.

The Chinese jumped in after Power Metals stumbled on cesium while it was drilling for lithium. The Australians were quick to step in for the same reason. Others could soon be circling around this play.

Drilling Down at the Case Lake Discovery

The Case Lake Property, in northeastern Ontario, close to the border with Quebec, consists of 585 cell claims covering some 95 square kilometers with 14 granitic domes and a pegmatite swarm of six spodumene dikes that form a mineralization trend extending for 10 kilometers.

Power Metals (TSXV:PWM,OTC: PWRMF) is drilling 15,700 meters here between 2017 and 2022, primarily targeting lithium, and leading to a world-glass, high-grade lithium discovery of over 4% at shallow, open depths. The unexpected sweetener was a rare cesium discovery, with grades as high as 24% over good intervals—some of the highest-grade cesium found in decades, similar to Australia’s famous Sinclair Mine, according to Power Metals.

But it wasn’t only the high-grade showings of lithium and cesium that attracted first Chinese attention, and then Australian (with a little help from a Canadian government that is very keen to keep critical metals out of Chinese hands) …

It was the anticipated cost of extraction.

Power Metals’ Case Lake property is, unlike the average Canadian mining venue, surrounded by infrastructure in place, including cell phone signals, and it’s accessible year-round.

It’s also exposed on the surface and running as shallow as under 50 meters deep in parts. From a cost-perspective, geology here is helping to de-risk itself.

Those discoveries were further bolstered by another in September 2023, when Power Metals announced the discovery of new pegmatite dikes, confirming the presence of a 10-15-meter wide spodumene bearing pegmatite strike with Lithium content as high as 1.12%.

On February 29, Power Metals launched its new drill campaign at Case Lake, with plans to drill  a total of 4,000 meters to delineate and extend Lithium-Cesium-Tantalum (LCT) mineralization along the geological strike and down-dip of Case Lake’s known mineralization.

“We are very excited to be back at Case Lake and look forward to a successful launch of our winter 2024 exploration program. We believe in the exploration upside at Case Lake, one of the few projects in the world that contain Cesium mineralization in Pollucite and look forward to drill test the high priority exploration targets our team have been able to identify,” Power Metals Chairman Johnathan More, said in a press release.

“The current drilling has identified coarse spodumene mineralization between 2cm – 10cm grain size, these zones displayed between 6% – 15 % spodumene mineralization that occur in a series of stacked pegmatites at Main Zone,” the company said.

Last week, drilling moved to West Joe at Case Lake to test mineralization extensions to the high-grade cesium mineralization found during the 2017-2022 drilling.

The news flow for Power Metals is expected to pick up pace now, with new acquisitions keeping pace and first results from the new drilling campaign expected towards the end of April.

On the acquisition side, Power Metals on March 19 staked the Pelletier Project, with 337 mineral claims over a total surface area of 7,000 hectares in northeast Ontario. Pelletier, another lithium – cesium – tantalum play, has seen previous work done the Ontario Geological Survey, showing evolved granitic pegmatites with anomalous rubidium, cesium, and the potassium to rubidium ratio.

New Drill Campaign with Australian Lithium Giant on Board

In 2022, when Canada forced the Chinese to divest its stake in Power Metals, Australia’s Winsome Resources (ASX:WR1) was quick to grab Chinese mining giant Sinomine Resource Group’s 5.7% stake, and then raise it twice. Today, Winsome owns 19.59% and has a seat on the board, lending Australian lithium and cesium expertise at a critical time.

This is war, and it’s very territorial.

Global technological dominance is at stake here. The U.S. cannot win the 5G race without cesium, nor can it manufacture aircraft guidance systems or global positioning satellites—all key elements that define geopolitics and the global balance of power.

Against this backdrop, Case Lake becomes a highly strategic asset. Cesium is an elite and rare critical metal, and there are only three cesium mines in the world. Australia's Sinclair cesium mine extracted its last cesium in 2019. The Tanco mine in Manitoba, Canada, shut down after a collapse in 2015. The Bikita mine in Zimbabwe was depleted in 2018. That leaves Power Metals (TSXV:PWM,OTC: PWRMF) with potentially the only new cesium mine in the world. The Chinese know it. The Australians know it. By the end of April when the next results come in from the 2024 drilling campaign, everyone will know it.

Other companies to keep an eye on:

BHP Group's (NYSE:BHP) expansive operations encompass a diverse range of mining assets. In Australia, the company operates major iron ore mines in the Pilbara region of Western Australia, which account for a significant portion of global iron ore production. BHP also has copper, coal, and nickel operations in Australia, as well as substantial energy assets, including oil and gas fields. In North and South America, the company has copper and iron ore mines in Chile, Peru, and Colombia, as well as coal operations in the United States. BHP's global reach and diversified portfolio of commodities allow it to meet the demands of customers around the world and contribute to the global supply of essential resources.

BHP Group is committed to operating in a responsible and sustainable manner. The company recognizes the importance of environmental protection and has implemented various initiatives to reduce its environmental impact. BHP has set ambitious targets to reduce its greenhouse gas emissions and has invested in technologies to improve water usage efficiency. The company also works closely with local communities to minimize the social and environmental impacts of its operations. BHP's commitment to sustainability has been recognized by various organizations, including the Dow Jones Sustainability Index, which has ranked BHP as a global leader in sustainability for several consecutive years.

BHP Group's focus on sustainability is not only beneficial for the environment but also aligns with growing consumer and investor demand for ethically sourced and environmentally friendly products. By prioritizing sustainability, BHP is positioning itself as a leader in the mining industry and demonstrating its commitment to long-term value creation for its stakeholders. The company's commitment to sustainability is a key differentiator and a source of competitive advantage in an industry that is increasingly focused on environmental and social responsibility.

Lithium Americas (NYSE:LAC) is a lithium mining company headquartered in Vancouver, Canada. The company was founded in 2007 and has since become a major player in the global lithium market. Lithium is a key component in the production of batteries for electric vehicles (EVs) and other electronic devices, and demand for lithium is expected to grow significantly in the coming years. Lithium Americas has a number of projects in development, including the Thacker Pass lithium mine in Nevada, which is one of the largest known lithium deposits in the world.

Lithium Americas is well-positioned in the global lithium market. The company has a number of promising projects in development, and it has recently secured significant investments and partnerships. Lithium Americas is well-positioned to benefit from the growing demand for lithium and could be a major supplier to the EV industry in the coming years.

Despite its strong position, Lithium Americas faces some challenges. These include the need to secure funding for its projects and the risk of delays in permitting and construction. The company also faces competition from other lithium producers, such as Albemarle and Sociedad Quimica y Minera de Chile (SQM). However, Lithium Americas is well-positioned to overcome these challenges and become a major player in the global lithium market.

Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company headquartered in Charlotte, North Carolina. The company operates in three segments: Lithium, Bromine Specialties, and Catalysts. Albemarle is the world's largest producer of lithium, a key component in electric vehicle batteries. The company also produces a variety of other specialty chemicals, including bromine, catalysts, and pharmaceuticals.

Albemarle was founded in 1887 as the Albemarle Paper Manufacturing Company. The company initially produced paper and pulp, but it diversified into other chemicals in the 1960s. In 1994, Albemarle merged with Ethyl Corporation, a producer of specialty chemicals. The combined company was renamed Albemarle Corporation.

In recent years, Albemarle has benefited from the growing demand for lithium-ion batteries. The company has invested heavily in expanding its lithium production capacity. In 2021, Albemarle announced plans to invest $500 million in a new lithium hydroxide plant in North Carolina. The plant is expected to be operational in 2025. Albemarle is also exploring other opportunities to expand its lithium business, including potential acquisitions.

Piedmont Lithium Limited (NASDAQ:PLL) is an Australian lithium mining company focused on developing its flagship asset, the Piedmont Lithium Project in North Carolina, United States. The Piedmont Lithium Project is a spodumene-rich lithium deposit that is expected to produce 30,000 tonnes of lithium hydroxide per year once operational. The company is also developing the Carolina Tin-Lithium Project in North Carolina, which is home to one of the largest undeveloped hard rock lithium deposits in the United States.

Piedmont Lithium has made significant progress in recent years. In 2021, the company completed a pre-feasibility study for the Piedmont Lithium Project, which confirmed the project's economic viability. The company also secured a $75 million investment from Koch Industries, which is one of the largest private companies in the United States. This investment will help Piedmont Lithium to advance the development of its projects. In 2022, the company announced that it had entered into a partnership with LG Chem, a global leader in battery manufacturing. This partnership will help Piedmont Lithium to secure long-term offtake agreements for its lithium products.

Piedmont Lithium is well-positioned to benefit from the growing demand for lithium. Lithium is a key component of batteries used in electric vehicles and other electronic devices. The demand for lithium is expected to grow significantly in the coming years as the world transitions to a clean energy economy. Piedmont Lithium is one of the few companies that is developing lithium projects in the United States, which is a major advantage. The company is also well-funded and has a strong management team. Piedmont Lithium is a promising company with the potential to become a major player in the global lithium market.

MP Materials Corp. (NYSE:MP) is a publicly traded company headquartered in Las Vegas, Nevada. The company's Mountain Pass mine in California is the only fully integrated rare earth mining and processing facility in the United States. This gives MP Materials a significant competitive advantage and enables it to provide customers with a reliable and secure supply of rare earth materials.

MP Materials produces rare earth oxides and metals, which are essential components in a wide range of applications, including electric vehicles, smartphones, and renewable energy technologies. The company is a vertically integrated producer, meaning it controls all stages of the production process, from mining to refining to manufacturing. This allows MP Materials to ensure the quality and consistency of its products and to meet the specific needs of its customers.

In recent years, MP Materials has made significant investments in its Mountain Pass mine and processing facilities. The company has also expanded its product portfolio and entered into strategic partnerships with leading technology companies. These developments have positioned MP Materials as a global leader in the rare earth industry. The company is well-positioned to benefit from the growing demand for rare earth materials, driven by the transition to a clean energy economy. MP Materials is a leading supplier of rare earth materials to the global technology industry.

Rare Element Resources Ltd. (TSX:RES) is a Canadian exploration and development company focused on rare earth elements (REEs). The company's flagship project is the Bear Lodge project in Wyoming, which contains one of the largest undeveloped REE deposits in the world. The Bear Lodge project has the potential to produce a variety of REEs, including neodymium, praseodymium, dysprosium, and terbium. These REEs are critical to the production of clean energy technologies such as electric vehicles and wind turbines.

In addition to the Bear Lodge project, REE is also developing the Separation Rapids project in Ontario. The Separation Rapids project contains niobium and REEs. Niobium is a metal that is used in the production of steel and superalloys. The Separation Rapids project has the potential to produce a significant amount of niobium, as well as REEs. REE is committed to sustainable and responsible mining practices. The company has developed a comprehensive environmental management plan for the Bear Lodge project that includes measures to protect water quality, air quality, and wildlife. REE is also working with local communities to ensure that the Bear Lodge project benefits the region.

REE has made significant progress on the Bear Lodge project. The company has completed a preliminary economic assessment (PEA) for the project, which outlined the potential for a large-scale, long-life mining operation. REE is currently working on a feasibility study for the project, which is expected to be completed in 2023. The company is also working to secure the necessary permits and approvals for the project. REE is well-positioned to become a leading producer of REEs to meet the growing demand for these materials in clean energy and technology applications.practices and has implemented a number of measures to minimize the environmental impact of its operations.

Avalon Advanced Materials Inc. (TSX:AVL) is a Canadian company that has made significant contributions to the development and manufacturing of specialty materials for various industries. The company specializes in functional materials like conductive inks and adhesives, as well as specialty chemicals such as phosphors and battery materials. Avalon Advanced Materials has established itself as a global leader in producing high-purity metals and alloys used in electronics, aerospace, and biomedical devices.

Avalon Advanced Materials has been focusing on expanding its portfolio of materials for the energy storage industry. The company is actively involved in the development of materials for lithium-ion batteries and solid-state batteries, which are critical components of electric vehicles and renewable energy systems. Avalon's commitment to innovation has resulted in the successful creation of advanced materials that enhance the performance and efficiency of energy storage solutions.

In addition to its core business, Avalon Advanced Materials has also ventured into other areas of materials science. The company has developed specialty coatings for the automotive and construction industries, providing enhanced protection against corrosion and wear. Avalon's expertise in materials engineering has enabled it to create innovative solutions that address specific challenges faced by various sectors, contributing to technological advancements and industrial progress.

First Quantum Minerals Ltd (TSX:FM) is a Canadian-based mining and metals company with a focus on copper, nickel, gold, and zinc production. The company operates mines and projects in various countries, including Zambia, the Democratic Republic of Congo, Mauritania, Finland, Spain, Turkey, Argentina, and Peru.

First Quantum Minerals is a significant player in the global mining industry, with a track record of successful exploration, development, and operation of mining projects. The company's operations contribute to the economic development of the countries in which it operates, creating jobs and generating tax revenue. First Quantum Minerals also maintains a strong commitment to environmental stewardship and sustainable practices, implementing various initiatives to minimize the environmental impact of its operations.

The company's focus on copper, nickel, gold, and zinc production is driven by the increasing global demand for these metals. Copper is a vital component in electrical and electronic products, while nickel is used in the production of stainless steel and other alloys. Gold is a precious metal with a long history of use in jewelry and as a store of value, and zinc is used in a wide range of applications, including galvanizing steel, producing batteries, and manufacturing rubber. First Quantum Minerals' production of these metals plays a crucial role in meeting the global demand for these essential materials.

Allkem Limited (TSX:AKE) is an Australian mining company that was formed in 1993. The company primarily focuses on the production and exploration of lithium, a critical mineral used in electric vehicle (EV) batteries. Allkem operates several lithium mines and projects in Australia, Argentina, and Canada, with a significant presence in the Salar de Atacama, one of the world's richest lithium brine deposits.

Allkem's operations span the entire lithium value chain, from exploration to production and refining. The company has a strong track record of successful exploration and development, having discovered and developed several major lithium deposits. Allkem's portfolio includes the Olaroz lithium brine project in Argentina, the James Bay lithium project in Canada, and the Mt Cattlin spodumene mine in Australia. These operations are expected to contribute significantly to the global supply of lithium in the coming years.

Allkem's work is important because of the critical role that lithium plays in the clean energy transition. Lithium is a key component in EV batteries, which are essential for reducing greenhouse gas emissions and mitigating climate change. As the world shifts towards sustainable transportation, the demand for lithium is expected to soar. Allkem's operations will contribute to meeting this demand by providing a reliable and sustainable supply of lithium to battery manufacturers.

Teck Resources Limited (TSX:TECK) is a diversified mining company headquartered in Vancouver, Canada. It is one of the world's largest producers of zinc and copper and also produces other commodities such as coal, lead, and silver. Teck operates mines and processing facilities in Canada, the United States, Chile, and Peru.

Teck's zinc operations are located in Canada, the United States, and Peru. The company is the world's second-largest producer of zinc, with a production capacity of over 800,000 tonnes per year. Teck's zinc is used in a variety of applications, including galvanized steel, batteries, and chemicals.

Teck's operations are also significant for their contribution to the global supply of battery metals. Zinc is a key component of many types of batteries, including lead-acid batteries and nickel-zinc batteries. Teck's zinc production is therefore essential for the growing demand for batteries in electric vehicles and other applications.

By. Tom Kool

IMPORTANT NOTICE AND DISCLAIMER FORWARD LOOKING STATEMENTS.

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the Canadian mining sector will continue to protect its supply of critical minerals without involvement of China; that cesium and other metals will remain as critical minerals will continue as a national security issue for Western countries; that access to rare metals, and in particular cesium, will be essential to gaining technical superiority; that cesium and other rare earth metals will continue to be a critical for use in various technologies, including the 5G cellular and wireless technologies; that cesium will continue to be a critical mineral and considered as matter of national security for Western countries; that Power Metals Corp. (the “Company”) and its all-Western investors will be in control of the only cesium mine that China does not own; that the Company’s properties will be able to commercially produce cesium, lithium, tantalum and other critical minerals; that the Company will be able to finance and operationally establish mines on its properties to viably and commercially extract the critical minerals; that Australian shareholders and investors in the Company will provide development and other expertise to assist the Company; that Winsome Resources will continue to own a significant stake in the Company; that the Company’s property will one day have one of the only potential mines producing cesium; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include the development of alternative technologies that do not require the use of metals and resources currently considered as critical; that other resources are utilized in future in favour of rare earth metals such as cesium; that alternative technologies utilize other resources or that cesium, lithium, and tantalum are not utilized; that other companies discover resources of cesium and other battery metals that are more favorable or more easily developed into commercial production that the Company’s property; that the Company’s properties are unable to produce commercial amounts of cesium, lithium, tantalum or other critical metals; that the Company will be unable to finance or operationally establish mines on its properties for commercial extraction of any critical minerals; that the Company’s Australian investors will not be able to provide development and other expertise to meaningful assist the Company; that Winsome Resources may for various reasons divest its stake in the Company in future; that the Company’s properties may fail to develop mines producing cesium; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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Canada Carbon Inc.

Toronto, Ontario, April 03, 2024 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company" or "Canada Carbon" or "CCB") (TSX-V:CCB),(FF:U7N1) is very pleased to announce a Maiden Mineral Resource Estimate (MRE) for its flagship 100% owned Asbury Graphite Project located 80 kilometres (“km”) NNE of Gatineau, near Notre-Dame-du-Laus, Québec. The Resource Estimate was prepared pursuant to Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) by the independent firm SGS Canada Inc. (“SGS”) of Blainville, Quebec. The Maiden Resource Estimate consists of an inferred resource of 4.14 Mt with an average grade of 3.05% Cg, within the boundaries of an optimized open pit model. A Technical Report supporting the Resource Estimate will be filed to SEDAR within 45 days, as required by NI 43-101.

TABLE 1: GRAPHITE MINERAL RESOURCES

Cut-off Grade (%Cg)	Resource Category	Tonnage (Mt)	Average Grade (%Cg)	Contained Graphite (t)
1.00	Inferred	4.14	3.05	126,000

The classification of the current Mineral Resource Estimation into Inferred is consistent with current 2014 CIM Definition Standards – For Mineral Resources and Mineral Reserves

A fixed density of 2.80 t/m3 was used to estimate the tonnage from block model volumes.

Resources are constrained by the pit shell and the topography of the overburden layer.

The results from the pit optimization are used solely for the purpose of testing the “reasonable prospects for economic extraction” by an open pit and do not represent an attempt to estimate mineral reserves. There are no mineral reserves on the Property. The results are used as a guide to assist in the preparation of a Mineral Resource statement and to select an appropriate resource reporting cut-off grade.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resources has a lower level of confidence than that applying to a Measured and Indicated Resources and must not be converted to a Mineral Reserves. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.  

All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.

Effective date March 28th  2024.

The estimate of mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.

The Company has thus far completed sufficient diamond drilling and bedrock channel sampling to result in a resource estimation with a maximal depth of the pit at 135 vertical meters. Geological modeling based on the drill results, surface trenching and mapping indicates that the deposit remains open at depth and on both strike extensions. The geological model also provides multiple exploration targets with the potential to further expand the graphite mineral resources. The portion of the Asbury Project which is the subject of the Resource Estimate occupies only about 7 % of the geophysical anomaly on the Asbury claim area held by the Company.

Canada Carbon Chief Executive Officer, Mr. Ellerton Castor remarked, “The substantial resource identified by the targeted drill programs of 2022 and 2023 reveals a promising scope for extensive mineralization across the claim area. The initial resource model will provide a robust foundation for all future exploration efforts on the Property. This MRE demonstrates the significant exploration upside available at Asbury. We have always believed that the Asbury Project has the potential to be a large, scalable deposit with the capacity to provide a long-term, secure source of supply to a myriad of industries participating in the green energy economy. We will continue to prove that out, with future de-risking initiatives such as a bulk sample program and battery cell testing.”

Mineral Resource Estimation Parameters

The Mineral Resources were estimated by Yann Camus, P.Eng., of SGS with an effective date of March 28, 2024. This estimate is the first Mineral Resource Estimate on the Asbury property. The Mineral Resources were estimated using the following geological and resource block modeling parameters which are based on geological interpretations, geostatistical studies and best practices in mineral estimation:

Graphite Mineral Resources

• Mineral Resources were estimated from the diamond drill holes and channels analytical results completed by Canada Carbon in 2022 and 2023, along with two nearby 1988 drill holes. A total of 17 drill holes (11 from 2023, 4 from 2022, 2 from 1988) and 1 channel were used for the MRE, comprising 1,309 assay intervals. The complete database consists of 101 drill holes (including 13 from 2023 and 6 from 2022) and 14 channels/trenches (including 11 channels from 2022), comprising 2,158 assays.

• The 3-D modeling of the graphite Mineral Resource was conducted using a minimum cut-off grade of 0.50 %Cg over a 5 m length. All modeling and estimations were done using SGS’s proprietary modeling software Genesis©.

• Assay data was composited to about 2 m without leaving remainders.

• The interpolation was conducted using inverse distance squared.

• The block model was defined with a block size of 5 m long by 1 m wide by 2 m thick and covers a strike length of approximately 1050 m to a maximal depth of 175 m below surface. The modeled graphite mineralization is open both at depth and strike.

• The Mineral Resources were constrained within the boundaries of an optimised pit shell using the parameters stated in Table 2 below. All parameters are derived from similar graphite projects. Any interpolated blocks of the resource model located outside of the optimised pit shell are not included in the Mineral Resources Estimate.

• All dollar values in Table 2 are expressed in Canadian dollars, except for the revenue value for the thermally treated graphite, assumed to be US$ 40,000/tonne.

TABLE 2: PARAMETERS USED TO MODEL OPTIMIZED GRAPHITE RESOURCES

Parameters	Value	Unit
Mining Cost – Mineralized Material	5.00	CDN$/t mined
Mining Cost – Waste	4.00	CDN$/t mined
Mining Dilution	5	%
Mining Recovery	95	%
Processing + G&A Costs	13.65	CDN$/t milled
Metal Price	2,500.00	CDN$/tonne
Concentration Recovery	90	%
Pit Slopes	50	degrees
Density of Mineralized Material	2.80	t/m3
Density of Waste	2.80	t/m3

Asbury Project Overview

The 100%-owned Asbury Graphite Project is a past producing property made up of 25 claims with a total surface area of 1,384.59 ha. It is located 8.1 km northeast of Notre-Dame-Du-Laus in the Laurentides Region of southern Quebec. The property is accessible via gravel roads from Provincial Road 309 and Chemin du Ruisseau Serpent in the Notre-Dame-du-Laus area. A power transmission line runs through the property. Mont-Laurier, located approximately 44 km north, provides all amenities needed to perform basic mineral exploration, such as a hospital, accommodations, restaurants, groceries and other primary services. Additional amenities for exploration, and a seasoned mining and exploration workforce, are available from nearby towns of Gatineau to the south.

Qualified Person

Mr. Yann Camus, P.Eng., from SGS Geological Services, an independent Qualified Person as defined by National Instrument 43-101 guidelines and has reviewed and approved the technical related content of this news release.

CANADA CARBON INC. “Ellerton Castor”Chief Executive Officer and Director Contact Information E-mail inquiries: info@canadacarbon.com P: (905) 407-1212

FORWARD LOOKING INFORMATION This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking information in this press release includes statements regarding the development of the Company’s Miller deposit and financing thereof, the entering of the joint venture with Irondequoit Offering, future production from the Company’s Miller deposit, sales agreements and other matters related thereto. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: compliance with extensive government regulations; financial abilities; the ability to develop the Miller deposit; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; the impact of COVID-19; and general business, economic, competitive, political, and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

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.

The key to long-term North American security has become inextricably tied to critical minerals such as lithium, graphite, nickel, cobalt, copper and rare earths elements.

Without them, there will be no energy transition.

And China dominates the entire playing field.

That dire situation has prompted a host of new legislation in both the United States and Canada—all designed to position North America to shift market share from China.

That situation means that the junior explorers and producers sitting on critical mineral deposits are now forming the backbone of North America’s national security rethink.

Every policy going forward is designed to bolster their operations and non-Chinese investment in those operations.

In November 2022, the Canadian government ordered three Chinese firms to divest from their Canadian mining investments. Then, late last year, the government implemented the Investment Canada Act (ICA) and the Critical Minerals Strategy to reduce Chinese economic influence and reboot investment in critical miners as a measure of national security.

That move left Canadian miner Power Metals Corp (TSXV:PWM,OTC: PWRMF) in control of two key assets: a potentially high-quality lithium mine and what could end up being the only functioning cesium mine in the world that China doesn’t own.

Canada wants new critical minerals, and it wants their development fast-tracked.

In February, Canadian Energy Minister Jonathan Wilkinson told Reuters that Ottawa was focusing on six critical minerals for electric vehicles and wind turbines—lithium, graphite, nickel, cobalt, copper and rare earths elements, and that it planned to boost energy security by significantly reducing the time it takes to develop them.

In fact, Canada is hoping to slash development time by nearly a decade.

And an essential element of the new critical minerals security strategy is to combat China, which has been using its soft power to scoop up strategic critical mineral assets in North America.

The first step was forcing Chinese companies to divest their ownership in Canadian critical minerals.

Power Metals spent the second half of 2023 developing an understanding of the large property and mineral discoveries made at their strategic Case Lake play with airborne geophysical surveys, field-based prospecting and mapping programs.

They’ve also made several additional land acquisitions in 2023 and 2024, with a continued focus in lithium, cesium and tantalum, taking on Winsome Resources as a 19.59% partner.

Power Metals has drilled over 15,000 meters to date and its most recent drilling campaign just launched in late February this year, eyeing Canada’s most critically strategic minerals against the backdrop of the most attractive new investment scenario the sector has ever seen in North America.

Case Lake: China’s Loss, North America’s Gain

Power Metals’ flagship exploration project has been described by the company’s Chairman as a “geologist’s dream” and the equivalent of “prime real estate on Park Avenue”.

Almost every mineral discovery in Canada has been undertaken in the remotest of areas. But unlike most mining venues, Case Lake is accessible year-round, with all infrastructure in place—right down to elusive cell phone signals.

Case Lake is one of the most inexpensive properties to drill in Canada, according to Power Metals.

While the access makes it significantly easier and cheaper, that is only half of the story.

The cesium, lithium, and tantalum intersections here are in pegmatite that is exposed on the surface and running so shallow that it is less than 50 meters deep in various areas.

And the high-grade cesium it holds in its folds is said to be similar to Australia’s famous Sinclair Mine.

That’s why Australian money stepped in when the Canadian government forced the Chinese out.

Australia's first commercial cesium mine, Sinclair, extracted its last cesium in 2019. And it’s one of only three in the world. The other two are the Tanco mine in Manitoba, Canada, and the Bikita mine in Zimbabwe. Tanco shut down after the mine collapsed in 2015, and Bitika was depleted in 2018.

That renders Case Lake a highly strategic property on a national security level.

It also makes Case Lake highly attractive to Western buyers.

Australia’s Winsome Resources (ASX:WR1) which jumped at the chance in November 2022, when they moved to scoop up Chinese mining giant Sinomine Resource Group’s 5.7% stake in Power Metals. Since then, they’ve raised that stake twice—first to 10.7% and more recently to 19.59%.

What the Chinese Were Eyeing

Now everyone knows what the Chinese knew from the beginning: Power Metals’ (TSXV:PWM,OTC: PWRMF) Case Lake property is of significant strategic importance.

The Case Lake Property, in northeastern Ontario, close to the border with Quebec,  consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, Larder Lake Mining Division.

Covering some 95 square kilometers with 14 granitic domes, the Case Lake pegmatite swarm consists of six spodumene dikes known as the North, Main, South, East and Northeast dikes on the Henry Dome, and the West Joe dike on a new dome. Together, these dikes form mineralization trend that extends for some 10 kilometers.

Between 2017 and 2022, Power Metals drilled a total of 15,700 meters of core at Case Lake.

They were primarily targeting lithium, with new lithium and tantalum discoveries. Its world-class, high-grade lithium discovery of over 4% at shallow, open depth was already making waves and earning Chinese attention prior to 2022.

But while it was drilling for this lithium and tantalum, Power Metals made a surprise discovery of rare cesium at Case Lake’s West Joe Dyke. 

This is some of the highest-grade cesium found in decades, with grades as high as 24% over good intervals.

– 24.07% Cesium over 1 meter

– 20.36% Cesium over 1 meter

– 22.22% Cesium over 2 meters

– 7.65% Cesium over 7.09 meters

Those were the results that prompted the Chinese to pounce on Power Metals.

In September last year, Power Metals further boosted is findings with the discovery of new pegmatite dikes in close proximity to Dome Nine, confirming the presence of a 10-15-meter wide spodumene bearing pegmatite strike with Lithium content as high as 1.12%, along with a new pegmatitic tonalite identified just southwest of the West Joe Zone.

Cesium is central to the United States’ goal of winning the 5G race, it plays a key role in aircraft guidance systems, oil and gas drilling, and global positioning satellites.

And despite its importance, all the known cesium deposits around the world have either been depleted, or the mines have been rendered inoperable.

All of this could leave Power Metals and its Case Lake project as one of the most unique and exciting natural resource plays in the world today.

But what the Chinese were eyeing before they were evicted is now an even better story as the 2024 drilling campaign gets underway.

The 2024 Drilling Campaign That Could Boost Canada’s Critical Minerals Power

Power Metals launched its new drill campaign on February 29, deploying a diamond drill rig at its 100% owned Case Lake Property.

The campaign will drill a total of 4,000 meters to delineate and extend Lithium-Cesium-Tantalum (LCT) mineralization along the geological strike and down-dip of Case Lake’s known mineralization.

“We are very excited to be back at Case Lake and look forward to a successful launch of our winter 2024 exploration program. We believe in the exploration upside at Case Lake, one of the few projects in the world that contain Cesium mineralization in Pollucite and look forward to drill test the high priority exploration targets our team have been able to identify,” Power Metals Chairman Johnathan More, said in a press release.

“The current drilling has identified coarse spodumene mineralization between 2cm – 10cm grain size, these zones displayed between 6% – 15 % spodumene mineralization that occur in a series of stacked pegmatites at Main Zone,” the company said.

Last week, drilling moved to West Joe at Case Lake to test mineralization extensions to the high-grade cesium mineralization found during the 2017-2022 drilling.

Results are expected in late April from the first round of assays from the new drilling campaign.

And it’s also acquiring new ground elsewhere, building on its success so far at Case Lake.

On March 19, Power Metals (TSXV:PWM,OTC: PWRMF) staked the Pelletier Project, with 337 mineral claims over a total surface area of 7,000 hectares in northeast Ontario, approximately 50 km south of Hearst.

This is another project characterized by lithium – cesium – tantalum, and previous work on this play completed by geologists from Ontario Geological Survey in 2003 reported evolved granitic pegmatites with anomalous rubidium, cesium, and the potassium to rubidium ratio, indicating the potential for LCT pegmatites.

The new project is also just 30 kilometers south of the Lowther pegmatite field, where Brunswick Exploration conducted exploration drilling at the Decoy and Moskito pegmatites.

China knew the significance of Case Lake, and Australia was quick to step in when the Chinese were evicted.

Australia’s Winsome Resources, which now owns a nearly 20% stake in Power Metals, is a lithium juggernaut, and it’s hedging its bets on Power Metals. Not only did Winsome scoop up the Chinese stake in this Canadian critical metals miner, but it also grabbed the off-take rights to future production.

Global eyes are on this critical project—and not just because of the lithium, tantalum and cesium prospectivity …

The China-Australia scramble for these assets have as much to do with the easy accessibility and treasure trove so close to the surface. That means cheap drilling for lithium and one of the world’s rarest and most critical elements—cesium, which is not mined anywhere else in the world right now.

With a key Australian lithium player now behind Power Metals, and with Winsome now occupying a seat on the Power Metals board, an additional layer of critical minerals expertise is further shoring up the discovery and exploration prowess at one of North America’s most important new discoveries. Late April is poised to bring us the results of the current drilling campaign, and many eyes will be on Power Metals between now and then.

Other companies to keep an eye on:

Compass Minerals International (NYSE: CMP), headquartered in Overland Park, Kansas, remains a leading provider of essential minerals, solidifying its position with consistent performance and strategic growth initiatives. Since the previously mentioned reference, the company has made significant advancements in its operations, product offerings, and sustainability efforts.

One notable development is Compass Minerals' continued focus on innovation in the lithium extraction sector. Recognizing the burgeoning demand for lithium in electric vehicle batteries, the company has accelerated its efforts to extract lithium from its existing operations in Utah. By leveraging its existing infrastructure and expertise in brine extraction, Compass Minerals aims to become a major player in the sustainable lithium market, catering to the needs of the rapidly expanding clean energy industry.

Furthermore, Compass Minerals has expanded its product portfolio by introducing new and innovative solutions. Notably, the company has developed a range of specialty salts for various industrial applications, including pharmaceuticals, food additives, and water treatment. These value-added products have not only strengthened the company's revenue streams but also enhanced its competitive advantage in specialized markets.

Freeport-McMoRan Inc. (NYSE:FCX), a leading mining company based in Phoenix, Arizona, has a global presence with significant reserves of copper, gold, and molybdenum. The company's operations span several countries, including Indonesia, the United States, and South America. With the growing demand for copper in renewable energy and electric vehicle technologies, Freeport-McMoRan is well-positioned to capitalize on the transition towards greener economies.

In addition to its core mining business, Freeport-McMoRan is actively involved in community engagement and environmental stewardship. The company has implemented various initiatives aimed at reducing its environmental footprint and promoting sustainable mining practices. These efforts include water management, biodiversity conservation, and emission reduction strategies. Freeport-McMoRan's commitment to responsible mining ensures compliance with environmental standards while contributing to the broader goal of sustainable development in the regions it operates.

One of Freeport-McMoRan's recent developments is the construction of the Lone Star copper mine in Arizona. The Lone Star mine represents a significant investment and is expected to be a major copper producer for the company. This project underscores Freeport-McMoRan's commitment to meeting the growing demand for copper in various industries, including renewable energy and electric vehicles.

Rio Tinto (NYSE:RIO), a global mining and metals powerhouse, continues to be a formidable player in the industry. Headquartered in the United Kingdom and Australia, the company has a far-reaching global presence spanning approximately 35 countries. Its diverse portfolio encompasses a wide range of commodities, including aluminum, copper, diamonds, coal, iron ore, and uranium. Rio Tinto's impressive asset base is complemented by solid market fundamentals, particularly in the copper and iron ore markets, making it an attractive investment opportunity.

In recent years, Rio Tinto has made significant strides in integrating innovative technologies and sustainable practices into its operations. The company recognizes the urgent need to reduce its carbon footprint and mitigate environmental impacts. To that end, Rio Tinto has invested heavily in renewable energy sources, such as solar and wind power, and has also implemented various measures to rehabilitate mining sites after extraction. This proactive approach to corporate responsibility and sustainability has not only set a benchmark for the mining industry but has also resonated with investors seeking companies aligned with ethical and environmentally conscious practices.

In addition to its ongoing commitment to sustainability, Rio Tinto has also been actively involved in mergers and acquisitions to strengthen its market position. In 2023, the company completed the divestment of its coal assets in Australia, marking a strategic shift towards a more sustainable portfolio. Furthermore, Rio Tinto has expressed interest in exploring opportunities in the battery metals sector, recognizing the growing demand for these materials in the transition to clean energy technologies. These strategic moves underscore Rio Tinto's agility in adapting to shifting market dynamics and its commitment to long-term growth and profitability.

FMC Corporation (NYSE: FMC), headquartered in Philadelphia, Pennsylvania, is a global agricultural sciences company that delivers innovative technology to farmers worldwide. While FMC is not a traditional mining company, its significant stake in lithium, a critical component in rechargeable batteries and other high-tech applications, sets it apart. Lithium is a strategic mineral in the transition to a clean energy future, and FMC's involvement in this sector positions the company for growth in the years to come.

FMC's commitment to innovation and sustainability is commendable. The company's agricultural products, such as crop protection solutions and plant nutrition technologies, contribute to increased crop yield and quality, addressing global food security challenges. In recent years, FMC has benefited from robust demand for its crop protection products, driven by higher commodity prices and strong agricultural market fundamentals.

Looking ahead, FMC is well-positioned to capitalize on several key trends. The growing global population and rising middle class are expected to drive increased demand for food, which will necessitate higher crop yields. Additionally, the transition to sustainable agriculture practices, such as precision farming and the adoption of biological crop protection solutions, presents significant opportunities for FMC. The company's commitment to innovation and sustainability, coupled with its strong product portfolio and geographic reach, make it well-positioned to navigate the challenges and seize the opportunities ahead.

Sociedad Química y Minera de Chile (NYSE:SQM) is a Chilean chemical and mining company that has been in operation for over 100 years. It is one of the world's largest producers of fertilizers, iodine, and lithium. SQM has operations in Chile, Argentina, Brazil, Peru, and the United States.

SQM has been facing several challenges, including falling commodity prices, environmental regulations, and political uncertainty in Chile. However, the company has also made several strategic investments, which have helped to position it for future growth.

One of the most significant recent developments for SQM is the acquisition of the lithium assets of Albemarle Corporation. This acquisition makes SQM the world's largest producer of lithium, a key ingredient in electric vehicle batteries. SQM is also investing in a number of other projects, including the development of a new potash mine in Canada and the expansion of its lithium operations in Chile.

Magna International (TSX: MG) offers a compelling and intricate approach for accessing the burgeoning commodities market, avoiding speculative investments in emerging high-growth stocks that captivate younger generations. Over a decade ago, Magna International displayed remarkable foresight by initiating substantial investments in the battery market when it was still in its nascent stage. Notably, at that time, the advent of electric vehicles as we know them had only recently entered the automotive landscape, with Tesla introducing its groundbreaking vehicle just two years prior.

Magna's strategic investment in batteries has proven remarkably successful. Since its bold and innovative decision, the company has witnessed an impressive surge in its valuation, amounting to tens of billions of dollars. This growth solidifies Magna International's position as a preeminent player in the intensely competitive battery industry.

Westport Fuel Systems Incorporated (TSX: WRPT) is not strictly a resource play, but it is an organization of significance to monitor as alternative fuel sources and novel energy forms gain prominence. This is especially relevant in light of the global transition away from traditional gasoline and diesel-powered vehicles. Although fundamentally a manufacturing company, Westport offers a distinct avenue for gaining exposure to the alternative fuels sector. As a critical producer of components necessary for constructing natural gas and other alternative fuel-powered automobiles, Westport warrants attention within this domain.

Westport Fuel has been consistently making significant strides in the market over the past year, culminating in tangible results. Since May 2020, the company has experienced a remarkable 322% increase in its stock price. With the potential for additional strategic alliances, such as the recent agreement with Amazon to supply natural gas-powered trucks, the stock exhibits promising growth prospects in the coming years.

In the realm of energy, a paradigm shift towards clean and sustainable sources is underway. A notable development in this regard is the increasing involvement of traditional fossil fuel producers in the pursuit of clean energy solutions. One such company is Suncor Energy (NYSE: SU, TSX: SU), a renowned oil producer that has emerged as a frontrunner in the clean energy space.

While many major oil companies have retreated from oil sands production, Suncor has embraced the challenges and opportunities associated with this sector. By focusing on technological advancements and sustainable practices, Suncor has secured a promising long-term outlook. Moreover, the company's current undervaluation relative to its peers presents an attractive investment opportunity.

Beyond its oil operations, Suncor has established a global leadership position in renewable energy innovations. A notable example is the company's recent investment of $300 million in a wind farm located in Alberta. Furthermore, as Canada transitions away from oil dependence, Suncor is well-positioned to capitalize on the country's abundant lithium reserves. The proximity of lithium deposits to Suncor's existing oil sands operations offers significant logistical and economic advantages.

China's rapid economic expansion has led to a significant increase in energy demand. CNOOC Limited (TSX: CNU), a leading oil and gas producer in China, is poised to benefit from this burgeoning demand. As the country's largest offshore crude oil and natural gas producer, CNOOC Limited has a strong foothold in the energy sector. Its strategic position allows it to tap into abundant hydrocarbon resources in China's offshore waters, giving it a competitive advantage. Additionally, the company's extensive infrastructure and expertise in exploration, development, and production enable it to efficiently extract and deliver energy resources to meet the growing needs of the Chinese economy.

Despite its strong position in the energy sector, CNOOC Limited has faced controversy due to geopolitical tensions between China and other countries. Concerns about the company's ties to the Chinese government and its potential role in geopolitical conflicts have raised eyebrows among investors. However, it's important to note that these controversies are largely external factors that do not directly impact the company's operations or financial performance. CNOOC Limited's robust business fundamentals and its strategic focus on meeting China's energy needs make it a compelling investment opportunity.

Boralex Inc. (TSX:BLX) is a leading renewable energy company in Canada, playing a pivotal role in the country's domestic renewable energy boom. The company's main focus is on wind, hydroelectric, thermal, and solar energy sources, providing clean and sustainable power to homes across Canada and other parts of the world, including the United States, France, and the United Kingdom. Boralex's commitment to renewable energy is evident in its various wind, solar, and hydroelectric projects. In Canada, the company operates several wind farms in Quebec, Ontario, and Alberta, generating clean electricity that reduces reliance on fossil fuels.

Boralex's renewable energy push extends beyond Canada, with a significant presence in other countries. In the United States, the company operates wind and solar farms in several states, contributing to the country's transition to cleaner energy sources. Boralex also has a strong presence in France, where it operates wind farms and hydroelectric plants, providing renewable energy to local communities. Additionally, the company has expanded into the United Kingdom, where it operates wind farms and is actively pursuing new renewable energy projects.

By. Michael Kern

IMPORTANT NOTICE AND DISCLAIMER FORWARD LOOKING STATEMENTS.

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the Canadian mining sector will continue to protect its supply of critical minerals without involvement of China; that cesium and other metals will remain as critical minerals will continue as a national security issue for Western countries; that access to rare metals, and in particular cesium, will be essential to gaining technical superiority; that cesium and other rare earth metals will continue to be a critical for use in various technologies, including the 5G cellular and wireless technologies; that cesium will continue to be a critical mineral and considered as matter of national security for Western countries; that Power Metals Corp. (the “Company”) and its all-Western investors will be in control of the only cesium mine that China does not own; that the Company’s properties will be able to commercially produce cesium, lithium, tantalum and other critical minerals; that the Company will be able to finance and operationally establish mines on its properties to viably and commercially extract the critical minerals; that Australian shareholders and investors in the Company will provide development and other expertise to assist the Company; that Winsome Resources will continue to own a significant stake in the Company; that the Company’s property will one day have one of the only potential mines producing cesium; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include the development of alternative technologies that do not require the use of metals and resources currently considered as critical; that other resources are utilized in future in favour of rare earth metals such as cesium; that alternative technologies utilize other resources or that cesium, lithium, and tantalum are not utilized; that other companies discover resources of cesium and other battery metals that are more favorable or more easily developed into commercial production that the Company’s property; that the Company’s properties are unable to produce commercial amounts of cesium, lithium, tantalum or other critical metals; that the Company will be unable to finance or operationally establish mines on its properties for commercial extraction of any critical minerals; that the Company’s Australian investors will not be able to provide development and other expertise to meaningful assist the Company; that Winsome Resources may for various reasons divest its stake in the Company in future; that the Company’s properties may fail to develop mines producing cesium; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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Read this article on OilPrice.com

By Julian Luk and Joyce Lee

LONDON/SEOUL April 2 (Reuters) – Canadian miner Teck Resources has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal, according to two sources familiar with the matter.

Known as treatment charges (TCs), the fees paid for converting raw materials into zinc metals fall when mine output decreases as smelters have to compete for concentrate.

Korea Zinc declined to comment. Teck Resources said it "does not comment on commercial negotiations".

Teck and Korea Zinc are major players in the market for zinc used to galvanise steel for the construction industry.

Their annual agreement on yearly processing charges that miners pay smelters, for supply from Teck's Red Dog mine in Alaska, is often used as a benchmark by the industry.

The fee Teck has agreed with Korea Zinc has dropped 40% from $274 per ton last year and is the lowest since 2021.

Low zinc prices in recent months have led to mine closures, including Boliden's Tara operation in Ireland. Major mines like Glencore's McArthur River zinc and lead mine in Australia also recently suspended operations due to extreme weather conditions.

Korea Zinc, the world's biggest producer of both zinc and lead, bulk buys concentrate for a group of smelters including Seokpo, operated by Young Poong Corp, this year. (Reporting by Julian Luk and Joyce Lee; Editing by Mark Potter)

Vancouver, British Columbia–(Newsfile Corp. – April 2, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") is pleased to announce a Quarry project partnership (the "Quarry Project") with Norway House Cree Nation ("NHCN") taking place at the Company's 100% owned Minago nickel project (the "Minago Project") in the Thompson Nickel Belt, Manitoba.

The Quarry Project, which began in February 2024 and is expected to be completed in April 2024, consists of stripping limestone materials near surface carried out under Quarry Lease QL-2067 near the proposed mill site, located approximately 0.5 km west of the proposed open pit site for the Minago Project.

The Quarry Project is expected to provide approximately 7,500 tonnes of limestone construction material for NHCN community infrastructure projects, and along with the completion of two all-weather exploration roads (1.7km and 1.3 km respectively) for Flying Nickel, which will support future Minago exploration drilling programs.

Robert Van Drunen, Chief Operating Officer noted, "The Quarry Project demonstrates Flying Nickel's commitment to First Nations engagement and our valued partnership. The Quarry Project provides capacity building through training opportunities in skilled mining positions such as heavy equipment operation, drilling, crushing, surveying, blasting and trucking to local First Nation people."

The Quarry Project will also utilize a First Nation joint venture construction contractor pursuant to the Impact and Benefit Agreement signed between NHCN and Flying Nickel in March 2023 (see Flying Nickel's news release dated March 14, 2023 for further details).

NHCN is a significant Flying Nickel shareholder and the Minago Project is situated within the resource management area of NHCN.

About the Minago Project

Flying Nickel's 100% owned Minago nickel project, located in Canada's Thompson Nickel Belt currently has a National Instrument 43-101 ("NI 43-101") measured and indicated mineral resource of 44.2 million tonnes grading 0.74% Ni (722 million lbs contained nickel) and inferred mineral resource of 19.6 million tonnes also grading 0.74% Ni (319 million lbs contained nickel). Open-pit and underground mining is contemplated. Mineral resources that are not mineral reserves do not have demonstrated economic viability. For further details, see the technical report for the Minago project, completed by Mercator and AGP, with an effective date of February 28, 2022 and available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Qualified Person

The technical contents of this news release have been prepared under the supervision of and approved by Robert Smith, P.Geo. Mr. Smith is an independent consultant to the Company, and a "Qualified Person" as defined by NI 43-101.

About Flying Nickel

Flying Nickel is a nickel sulphide exploration-stage mining company. The Company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John LeeChief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

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.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding Flying Nickel's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. Forward-Looking information in this news release includes the statement concerning the expected timing for completion and benefits of the Quarry Project, and prospects for development of the Minago project.

Forward-Looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: changes in business plans and project schedules; ability to secure sufficient financing to advance the Company's project; maintaining cordial business relations with strategic partners and contractual counterparties; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; the risk that mineral resources that are not mineral reserves do not have demonstrated economic viability; ability to complete the Company's prosed merger with Nevada Vanadium Mining Corp. by plan of arrangement (the "Proposed Transaction"), as announced by press releases on October 5 and August 23, 2022 (collectively, the "Joint News Releases"); and general market, industry and economic conditions. See the Joint News Releases for further details about the Proposed Transaction and its associated risks. Further details about the risk factors concerning the proposed transaction are set out in such news releases. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis, available on SEDAR at www.sedarplus.ca.

Forward-Looking statements are based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking statements included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking statements in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203933

Freeport-McMoRan (FCX) closed the most recent trading day at $47.33, moving +0.66% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.2%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq gained 0.11%.

Shares of the mining company witnessed a gain of 23.97% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.88% and the S&P 500's gain of 3.32%.

Market participants will be closely following the financial results of Freeport-McMoRan in its upcoming release. The company's earnings per share (EPS) are projected to be $0.37, reflecting a 28.85% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.64 billion, reflecting a 4.75% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.53 per share and a revenue of $23.61 billion, representing changes of -0.65% and +3.29%, respectively, from the prior year.

Any recent changes to analyst estimates for Freeport-McMoRan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.41% higher. Freeport-McMoRan is currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 30.74. For comparison, its industry has an average Forward P/E of 15.35, which means Freeport-McMoRan is trading at a premium to the group.

The Mining – Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 96, this industry ranks in the top 39% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Freeport-McMoRan (FCX), which belongs to the Zacks Mining – Non Ferrous industry.

This mining company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 25.22%.

For the last reported quarter, Freeport-McMoRan came out with earnings of $0.27 per share versus the Zacks Consensus Estimate of $0.21 per share, representing a surprise of 28.57%. For the previous quarter, the company was expected to post earnings of $0.32 per share and it actually produced earnings of $0.39 per share, delivering a surprise of 21.88%.

For Freeport-McMoRan, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

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

Freeport-McMoRan currently has an Earnings ESP of +9.29%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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Freeport-McMoRan Inc. (NYSE:FCX) has announced that it will pay a dividend of $0.15 per share on the 1st of May. This means the annual payment will be 1.3% of the current stock price, which is lower than the industry average.

View our latest analysis for Freeport-McMoRan

Freeport-McMoRan's Earnings Easily Cover The Distributions

Even a low dividend yield can be attractive if it is sustained for years on end. Prior to this announcement, Freeport-McMoRan's dividend was only 47% of earnings, however it was paying out 189% of free cash flows. While the company may be more focused on returning cash to shareholders than growing the business at this time, we think that a cash payout ratio this high might expose the dividend to being cut if the business ran into some challenges.

The next year is set to see EPS grow by 79.4%. Assuming the dividend continues along recent trends, we think the payout ratio could be 22% by next year, which is in a pretty sustainable range.

historic-dividendDividend Volatility

The company has a long dividend track record, but it doesn't look great with cuts in the past. Since 2014, the dividend has gone from $1.25 total annually to $0.60. Doing the maths, this is a decline of about 7.1% per year. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems.

Dividend Growth Is Doubtful

Dividends have been going in the wrong direction, so we definitely want to see a different trend in the earnings per share. Freeport-McMoRan has seen earnings per share falling at 6.6% per year over the last five years. Declining earnings will inevitably lead to the company paying a lower dividend in line with lower profits. Earnings are predicted to grow over the next year, but we would remain cautious until a track record of earnings growth is established.

Freeport-McMoRan's Dividend Doesn't Look Sustainable

In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Freeport-McMoRan's payments, as there could be some issues with sustaining them into the future. While Freeport-McMoRan is earning enough to cover the payments, the cash flows are lacking. We would probably look elsewhere for an income investment.

Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've picked out 1 warning sign for Freeport-McMoRan that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.

In this article, we discuss 10 best silver ETFs. If you want to skip our detailed discussion on the silver industry, head directly to 5 Best Silver ETFs To Buy.

According to a report from the Silver Institute, demand for global silver is expected to reach 1.2 billion ounces in 2024, the second-highest quantity ever recorded. The institute attributes this increase to stronger industrial usage, which is set to reach a new annual high this year. Michael DiRienzo, the executive director of the Silver Institute, has shown optimism regarding silver's prospects, predicting that silver prices could reach $30 per ounce, a level not seen in a decade. He commented:

“We think silver will have a terrific year, especially in terms of demand.”

The Silver Institute anticipates a 9% increase in demand for silverware and a 6% boost in jewelry demand this year, with India projected to be the driving force behind the rise in jewelry purchases. Consumer electronics industry is expected to recover, which would contribute to increased demand for silver. In the short term, however, the institute acknowledges potential headwinds from a slowing Chinese economy and decreased likelihood of early US interest rate cuts, which could have an impact on institutional investment in silver. In spite of that, many market analysts believe that the US Federal Reserve will begin cutting rates in the second half of 2024, which could benefit silver prices. Silver prices tend to have an inverse relationship with interest rates, as higher interest rates make precious metals like silver and gold less attractive compared to interest-bearing investments like bonds. Recognized for its sensitivity to economic changes and higher volatility compared to gold, silver usually outperforms gold during periods of economic expansion but underperforms during economic downturns. Randy Smallwood, CEO of Wheaton Precious Metals, is of the view that gold prices may rise first, followed by a rapid increase in silver prices. He believes that silver has the potential to reach $50 per ounce, but only after gold exceeds $2,200 per ounce.

James Steel, HSBC Chief Precious Metals Analyst, told Bloomberg in an interview:

“We are more positive on silver, platinum, and palladium than we are for gold. We are looking for higher prices in all three. In the case of silver, it has enormous applications environmentally… Almost everything in a hospital that you go into now is coated in a thin layer of silver that you can’t see. (It is) anti-bacterial. Even flak jackets are sewn in silver.”

The global silver market is projected to achieve a compound annual growth rate of around 9.83% by the year 2030. The market has consistently grown due to the widespread use of silver, not just in jewelry but also in other applications such as vessels and chemical processes. The growth of the silver industry is attributed to several factors. The production of silverware, ornaments, and its use in chemical processes has been a significant driver. Additionally, silver's role in solar photovoltaic and electrical appliances for conduction and insulation has contributed to the market growth. The increasing use of silver in oxide batteries has also contributed to the industry’s expansion. Predictions for the silver market suggest that major industry players are working on incorporating innovative technologies into silver production, enhancing its appeal to consumers. Regulatory authorities play an important role in guaranteeing the quality and legitimacy of silver products, which fosters transparency in the commodity market. Consumers, along with industry stakeholders such as manufacturers and retailers, play a significant role in upholding these standards.

In the International Energy Agency's plan to achieve net-zero emissions by 2050, the demand for silver in solar photovoltaic manufacturing could outdo 30% of the total global silver production in 2020 by the year 2030. Recycling panels at the end of their life could meet over 20% of the solar PV industry's demand for aluminum, copper, glass, and silicon, and nearly 70% for silver between 2040 and 2050, as per the IEA's roadmap.

In this article, we discuss some of the best silver ETFs that provide investors with access to stocks like Franco-Nevada Corporation (NYSE:FNV), BHP Group Limited (NYSE:BHP), and Newmont Corporation (NYSE:NEM).

Our Methodology

We curated our list of the best silver ETFs by choosing consensus picks from multiple credible websites. We have mentioned the 5-year share price performance of each ETF as of March 28, 2024, ranking the list in ascending order of the share price performance. It is important to note, however, that not all ETFs have been trading for 5 years. We have also discussed the top holdings of the ETFs to offer better insight to potential investors.

10 Best Silver ETFs To Buy

Photo by Scottsdale Mint on Unsplash

Best Silver ETFs To Buy10. Global X Silver Miners ETF (NYSE:SIL)

5-Year Share Price Performance as of March 28: 3.86%

The Global X Silver Miners ETF (NYSE:SIL) aims to replicate the price and yield performance of the Solactive Global Silver Miners Total Return Index. This ETF offers investors access to a range of silver mining firms. Introduced on April 19, 2010, the fund holds net assets amounting to $882.41 million as of March 28, 2024, with an expense ratio of 0.65%. Its portfolio comprises 32 stocks. The Global X Silver Miners ETF (NYSE:SIL) is one of the best silver ETFs to invest in.

Wheaton Precious Metals Corp. (NYSE:WPM) is the largest holding of the Global X Silver Miners ETF (NYSE:SIL). Wheaton Precious Metals Corp. (NYSE:WPM) is mainly involved in the production and sale of precious metals across North America, Europe, and South America. On March 14, Wheaton Precious Metals Corp. (NYSE:WPM) declared a $0.155 per share quarterly dividend, an increase of 3.3% from the previous dividend of $0.150. The dividend is to be paid on April 15, to shareholders on record as of April 3.

According to Insider Monkey’s fourth quarter database, 28 hedge funds were bullish on Wheaton Precious Metals Corp. (NYSE:WPM), up from 24 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the biggest shareholder of the company, with 21.1 million shares valued at $1.04 billion.

In addition to Franco-Nevada Corporation (NYSE:FNV), BHP Group Limited (NYSE:BHP), and Newmont Corporation (NYSE:NEM), Wheaton Precious Metals Corp. (NYSE:WPM) is one of the best silver stocks to buy.

White Falcon Capital Management made the following comment about Wheaton Precious Metals Corp. (NYSE:WPM) in its second quarter 2023 investor letter:

“Precious Metals Royalty basket (Wheaton Precious Metals Corp. (NYSE:WPM), SSL, TFPM): In the current macroeconomic environment, there are many ways to ‘win’ with gold. It is remarkable that even with record positive real yields, gold is flirting with all time highs. Why? Western central banks are increasing interest rates which means that they will have to pay more interest on the record levels of debt that their government’s owe. Where will the money come from to pay the higher interest expense? The answer is simple – more debt and more money printing! We believe the gold knows this! We believe that precious metals will protect real purchasing power and act as a hedge to the portfolio when macroeconomic uncertainty arises. Owning royalty companies at reasonable valuations gives us a high quality exposure to precious metals without project or cost inflation risks inherent in a mining company.”

9. iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP)

5-Year Share Price Performance: 9.51%

The iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) is one of the best silver ETFs. It aims to replicate the performance of the MSCI ACWI Select Silver Miners Investable Market Index, which includes global stocks of firms mainly involved in silver exploration or metals mining. This ETF was launched on January 31, 2012. As of March 28, 2024, the fund holds net assets amounting to $173.52 million and comprises a portfolio of 34 stocks. It has an expense ratio of 0.39%.

Pan American Silver Corp. (NYSE:PAAS) is the largest holding of the iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP). Pan American Silver Corp. (NYSE:PAAS) is involved in exploring, developing, extracting, processing, refining, and reclaiming mines that produce silver, zinc, gold, lead, and copper. On February 22, Pan American Silver Corp. (NYSE:PAAS) declared a  $0.10 per share quarterly dividend, in-line with previous. It was paid on March 15.

As per Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on Pan American Silver Corp. (NYSE:PAAS), same as the preceding quarter. David Greenspans’s Slate Path Capital held the largest position in the firm, with 5.26 million shares worth $85.85 million.

8. Amplify Junior Silver Miners ETF (NYSE:SILJ)

5-Year Share Price Performance as of March 28: 11.77%

The objective of the Amplify Junior Silver Miners ETF (NYSE:SILJ) is to reflect the total return performance of the Nasdaq Metals Focus Silver Miners Index. The Amplify Junior Silver Miners ETF (NYSE:SILJ) tracks companies in the silver mining industry that generate the majority of their revenues from silver mining, global silver production, or activities related to developing new silver products. It is one of the best silver ETFs. The ETF was introduced on November 28, 2012. As of March 27, 2024, the fund holds net assets totalling $701.64 million, with a portfolio consisting of 50 stocks. It has an expense ratio of 0.69%.

Harmony Gold Mining Company Limited (NYSE:HMY) is one of the largest holdings of the Amplify Junior Silver Miners ETF (NYSE:SILJ). The company extracts and processes gold. It also explores for deposits of silver, uranium, copper, and molybdenum. On February 28, Harmony Gold Mining Company Limited (NYSE:HMY)’s shares rose 2.3% after the company announced that its profit had tripled to 5.96 billion South African rand in the last six months of 2023 compared to the same period a year earlier. Additionally, the company reported a 14% year-on-year increase in overall production, totalling 832,000 ounces.

As per Insider Monkey’s fourth quarter database, 13 hedge funds were bullish on Harmony Gold Mining Company Limited (NYSE:HMY), same as the previous quarter. David Iben’s Kopernik Global Investors held the largest position in the company, with 16.2 million shares valued at approximately $100 million.

Like Franco-Nevada Corporation (NYSE:FNV), BHP Group Limited (NYSE:BHP), and Newmont Corporation (NYSE:NEM), Harmony Gold Mining Company Limited (NYSE:HMY) is one of the best silver stocks to buy.

7. ProShares Ultra Silver (NYSE:AGQ)

5-Year Share Price Performance as of March 28: 17.74%

The ProShares Ultra Silver (NYSE:AGQ), ranked 7th on our list of the best silver ETFs, seeks to deliver daily investment results that are double the daily performance of the Bloomberg Silver Subindex. The ETF was launched on December 1, 2008, and as of March 28, 2024, it has a net expense ratio of 0.95%.

6. Nippon India Silver ETF (NSE:SILVERBEES)

5-Year Share Price Performance as of March 28: 22.68%

The aim of the Nippon India Silver ETF (NSE:SILVERBEES) is to achieve returns that closely mirror the performance of physical silver in domestic prices. The ETF was introduced on February 2, 2022. The Nippon India Silver ETF (NSE:SILVERBEES) is one of the best silver ETFs to invest in. 

Click to continue reading and see 5 Best Silver ETFs To Buy. 

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Disclosure: None. 10 Best Silver ETFs To Buy is originally published on Insider Monkey.

In this piece, we will take a look at the ten best long term ASX stocks to invest in. If you want to skip our overview of the Australian stock market, then you can take a look at the 5 Best Long Term ASX Stocks To Invest In.

Australia is one of the most prosperous nations in the world and stands shoulder to shoulder with the developed countries of Europe and North America when it comes to progress and quality of life. However, since most of the world's business flows through America, the U.S. stock market is considerably bigger. These facts also hold true for the European Euronext stock exchanges and the London Stock Exchange, especially since the latter is another hub for global finance.

The Australian economy is quite advanced but also relies on traditional sectors such as mining. When it comes to analyzing the best ASX stocks, and particularly those that might be suitable for the long term, it is important to see which industries dominate Australia, what companies are operating in them, and what the future outlook for these sectors might be. On this front, data from the Reserve Bank of Australia can be of some help. Its data shows that the five biggest industries in Australia are mining, health and education, finance, construction, and manufacturing. Percentage wise, they account for 14.3%, 12.8%, 7.4%, 7.1%, and 5.7% of the Australian economy, respectively.

Building on this, the next thing to ask when thinking about the best ASX stocks is whether the current global macroeconomic environment is favorable for some of the biggest sectors of the Australian economy. Well, starting from the biggest Australian industry i.e. mining, this is one of the most sensitive businesses to global economic health. Since 27% of Australian exports go to China, and another 17.5% are headed to Japan, Asian economic health is a key determinant of Asian stock performance.

If you've been following Insider Monkey and have signed up for our newsletter, you'll know that the Chinese economy has been struggling. In fact, even the International Monetary Fund (IMF) hasn't held back and called the economy a 'drag' on global output – a sentiment that comes after ill-fated analyst optimism at the start of 2023 that had seen many analysts opine that a robust recovery in China would prove to be a blessing for commodities and oil in particular. So, since Chinese growth has been lackluster, it's time to see how ASX mining stocks have fared amidst this.

Some notable ASX mining stocks, which trade exclusively on the Australian stock exchange and also through their American Depository Receipts (ADRs) on U.S. stock exchanges such as the NYSE are BHP Group Limited (NYSE:BHP), Rio Tinto Group (NYSE:RIO), Fortescue Ltd (ASX:FMG.AX), and South32 Limited (ASX:S32.AX). Year to date, their performance is -15.05%, -14.17%, -12.56%, and 10.98%, respectively. Looking at this, it's clear that all these stocks are down year to date and they were under pressure earlier this year when the Australian central bank's meeting minutes revealed that officials had actually considered an additional interest rate hike since they were uncertain that the beast of inflation had been fully tamed.

However, while the biggest Australian industry might be struggling, ASX stocks for the second biggest sector namely health and education have done much better. A highly developed education system and a corruption free society have allowed Australian healthcare companies to hold their ground against their global counterparts. Some of the biggest healthcare ASX stocks are CSL Limited (ASX:CSL.AX), Cochlear Limited (ASX:COH.AX), ResMed Inc. (ASX:RMD.AX), and Sonic Healthcare Limited (ASX:SHL.AX).

Year to date, their performance is -0.13%, 12.16%, 18.75%, and -8.69%. Looking at this, it appears that healthcare ASX stocks have done much better than their mining counterparts, and even better than Australia's premier education consulting firm IDP Education Limited (ASX:IEL.AX) whose shares are down 9.59% year to date amidst a rating downgrade by Bell Porter and changes in Canadian visa rules to scrutinize unscrupulous applicants that seek to work in the country instead of studying there.

Since healthcare is a hot ASX stock sector these days, here's what the management of Mesoblast Limited (NASDAQ:MESO), an Australian regenerative medicine company had to say during the firm's Q2 2024 earnings call:

As at December 31 2023, cash reserves were $77.6 million after completion of an institutional placement and entitlement offer of AUD60.3 million in the period. During the period, we also delivered on our planned cost containment strategies, which reduced our cash burn for operating activities. In the three-month period ended December 2023, our cash burn for operating activities was $12.3 million, which is a 25% reduction on the comparative three-month period in FY 2023. In the six-month period ended December 2023, the cash burn was reduced but 14% on the comparative six-month period in FY 2022. We are also pleased to report the 21% reduction in our loss after tax of $32.5 million.

With these details in mind, let's take a look at some best long term ASX stocks. A couple of notable picks are Aristocrat Leisure Limited (ASX:ALL.AX), Telstra Group Limited (ASX:TLS.AX), and BHP Group Limited (NYSE:BHP).

10 Best Long Term ASX Stocks To Invest In

Marine Deswarte/Shutterstock.com

Our Methodology

To make our list of the best ASX stocks for the long term, we ranked the forty most valuable ASX stocks by their average analyst share price target upside. All average share price target data was sourced from Yahoo Finance.

10 Best Long Term ASX Stocks To Invest In 10. QBE Insurance Group Limited (ASX:QBE.AX)

Average Analyst Share Price Target: A$18.89

Percentage Upside: 4.19%

QBE Insurance Group Limited (ASX:QBE.AX) is a sizeable Australian insurance company headquartered in Sydney, New South Wales. The firm provides property, casualty, health, and other insurance products. It's also one of the highest rated stocks on our list, as QBE Insurance Group Limited (ASX:QBE.AX)'s shares are rated Strong Buy on average. The average share price target is A$18.89, pricing in a 4.19% upside over the latest closing share price. The firm's CEO also gave a rather interesting talk in February 2024 when he shared that due to natural disasters, reinsurance companies were often wary of doing business in Australia.

Along with Telstra Group Limited (ASX:TLS.AX), Aristocrat Leisure Limited (ASX:ALL.AX),and BHP Group Limited (NYSE:BHP), QBE Insurance Group Limited (ASX:QBE.AX) is a top long term ASX stock according to analysts.

9. Sonic Healthcare Limited (ASX:SHL.AX)

Average Analyst Share Price Target: A$30.87

Percentage Upside: 4.96%

Sonic Healthcare Limited (ASX:SHL.AX) is the first Australian healthcare company on our list, a segment of the ASX that has performed quite well as of late even as mining giants and other ASX stocks feel the brunt of high interest rates and an economic slowdown in the major Asian economies of China and Japan. The firm is also headquartered in Sydney, and it has more than forty thousand employees on its roster. Sonic Healthcare Limited (ASX:SHL.AX) is a medical devices and diagnostics services provider that caters primarily to the needs of hospitals, health centers, and their patients. Its shares are rated Buy on average but teeter on the edge of Hold.

As Australia's economy continues to struggle, Sonic Healthcare Limited (ASX:SHL.AX) made an important announcement in March 2024 when it revealed that it had expanded its global network. This came in the form of an acquisition of a Swiss laboratory for a $132 million price tag.

8. CSL Limited (ASX:CSL.AX)

Average Analyst Share Price Target: A$302

Percentage Upside: 5.23%

CSL Limited (ASX:CSL.AX) is another major Australian healthcare company. Given the way that ASX healthcare stocks have performed this year, it's unsurprising that it's yet another healthcare stock to make it to our list of the best Australian stocks to buy for the long term. CSL Limited (ASX:CSL.AX)'s shares are rated Buy on average, and its average share price target of A$302 prices in a 5.23% upside. Like Sonic Healthcare, the firm has also been busy on the global front as of late. CSL Limited (ASX:CSL.AX) scored a win in March 2024 when Canadian healthcare regulators approved its medicine for iron deficiency. At the same time, management is also hoping to capture some of the U.S. market for influenza vaccines this season.

7. Washington H. Soul Pattinson and Company Limited (ASX:SOL.AX)

Average Analyst Share Price Target: A$35.6

Percentage Upside: 5.92%

Washington H. Soul Pattinson and Company Limited (ASX:SOL.AX) is a small Australian financial services firm headquartered in Sydney, Australia. It is one of the oldest companies on our list and was set up in 1872. The firm invests in publicly and private companies through the stock market and also through private equity. Only one analyst share price target is available for Washington H. Soul Pattinson and Company Limited (ASX:SOL.AX), and it prices in a 5.92% upside to the shares.

6. Santos Limited (ASX:STO.AX)

Average Analyst Share Price Target: A$8.37

Percentage Upside: 8.00%

Santos Limited (ASX:STO.AX) is an Australian oil and gas exploration and production company headquartered in Adelaide, Australia. It has operations in Australia, the U.S., Timor-Leste, and Papua New Guinea. The shares are rated Buy on average, and the average analyst share price target is A$8.38. Santos Limited (ASX:STO.AX) has been relatively quiet on the news front as of late, after its talks with Australian energy giant Woodside collapsed earlier this year.

Aristocrat Leisure Limited (ASX:ALL.AX), Santos Limited (ASX:STO.AX), Telstra Group Limited (ASX:TLS.AX), and BHP Group Limited (NYSE:BHP) are some ASX stocks with high upside.

Click to continue reading and see 5 Best Long Term ASX Stocks To Invest In.

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Disclosure. None. 10 Best Long Term ASX Stocks To Invest In was initially published on Insider Monkey.

Aurelia Metals Limited (ASX:AMI) shareholders will doubtless be very grateful to see the share price up 41% in the last quarter. But spare a thought for the long term holders, who have held the stock as it bled value over the last five years. Five years have seen the share price descend precipitously, down a full 80%. While the recent increase might be a green shoot, we're certainly hesitant to rejoice. The important question is if the business itself justifies a higher share price in the long term.

On a more encouraging note the company has added AU$25m to its market cap in just the last 7 days, so let's see if we can determine what's driven the five-year loss for shareholders.

View our latest analysis for Aurelia Metals

Aurelia Metals wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually desire strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.

In the last half decade, Aurelia Metals saw its revenue increase by 4.6% per year. That's far from impressive given all the money it is losing. Nonetheless, it's fair to say the rapidly declining share price (down 12%, compound, over five years) suggests the market is very disappointed with this level of growth. We'd be pretty cautious about this one, although the sell-off may be too severe. A company like this generally needs to produce profits before it can find favour with new investors.

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

earnings-and-revenue-growth

We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. If you are thinking of buying or selling Aurelia Metals stock, you should check out this free report showing analyst profit forecasts.

What About The Total Shareholder Return (TSR)?

Investors should note that there's a difference between Aurelia Metals' total shareholder return (TSR) and its share price change, which we've covered above. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Aurelia Metals' TSR of was a loss of 78% for the 5 years. That wasn't as bad as its share price return, because it has paid dividends.

A Different Perspective

We're pleased to report that Aurelia Metals shareholders have received a total shareholder return of 30% over one year. Notably the five-year annualised TSR loss of 12% per year compares very unfavourably with the recent share price performance. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Aurelia Metals , and understanding them should be part of your investment process.

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

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

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.

VANCOUVER, BC / ACCESSWIRE / March 28, 2024 / Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PGEZF)(FSE:5D32) (the "Company" or "Stillwater") is pleased to announce that is has commenced a non-brokered private placement offering of up to 17,857,143 units of the Company, at a price of $0.14 per unit, for gross proceeds of up to approximately $2.5 million (the "Placement").

Glencore Canada Corporation ("Glencore"), a wholly-owned subsidiary of Glencore plc, has agreed to purchase 15 million units of Stillwater pursuant to the Placement, for gross proceeds of $2.1 million.

Each unit under the Placement is comprised of one common share and one half of one common share purchase warrant, with each full warrant entitling the holder to purchase one common share at an exercise price of $0.21, providing up to approximately $1.875 million additional funding, if exercised in full. The warrants shall be exercisable for three years from the date of issue.

Stillwater President and CEO, Michael Rowley, stated, "We are pleased to have Glencore's continued support through their participation in this placement as we advance our flagship Stillwater West project as a large-scale source of nine metals that are now listed as critical in the USA. With the largest nickel resource in an active US mining district, and high co-product values of copper, cobalt, palladium, platinum, rhodium and gold, we are uniquely positioned to play a key role in the US government's stated objective of building domestic supply chains of these essential commodities."

Net proceeds of the Placement are intended to be used for exploration and development activities at the Company's North American nickel projects, as well as for working capital.

The Placement is expected to close, subject to customary conditions, upon acceptance by the TSX Venture Exchange. All securities issued pursuant to the Placement will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

The Company expects that certain insiders of the Company may subscribe for units under the Placement, however, the exact value of such subscriptions has not yet been determined. The issuances of any units to insiders will be considered related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements in MI 61-101 in respect of any such insider participation, as neither the fair market value of the securities to be issued, nor the fair market value of the consideration for the securities to be issued, insofar as it involves such insiders, will exceed 25% of the Company's market capitalization as calculated in accordance with MI 61-101.This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Stillwater Critical Minerals have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Upcoming Events

Stillwater Critical Minerals confirms that Michael Rowley, President and CEO, will be attending the Energy Transition Metals Summit in Washington, D.C. April 29-30, 2024. For more information, click here.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PGEZF) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, positions Stillwater West with the largest nickel resource in an active US mining district as part of a compelling suite of nine minerals now listed as critical in the USA. To date, five Platreef-style nickel and copper sulphide deposits host a total of 1.6 billion pounds of nickel, copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold at Stillwater West, and all deposits remain open for expansion along trend and at depth. Results are pending from resource expansion drilling completed in fall 2023.

Stillwater also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals' development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director

Email: info@criticalminerals.com		Phone: (604) 357 4790
Web: http://criticalminerals.com		Toll Free: (888) 432 0075

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements" or "forward-looking information" in accordance with applicable securities laws. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, potential exploration results, the timing and success of exploration activities generally, and expectations regarding the completion of the Placement, are forward-looking statements that involve various risks and uncertainties. Although Stillwater believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals or satisfaction of other conditions to closing of the Placement, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Stillwater and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.

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

SOURCE: Stillwater Critical Minerals

View the original press release on accesswire.com

Nvidia’s pivot to copper cables from optical fiber in AI data centers signals a major increase in copper demand ahead.

(Adds Widodo comment; paragraphs 8,9)

JAKARTA, March 28 (Reuters) – Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2 billion in revenues for Jakarta, a company official said on Thursday.

Indonesia's export ban takes effect from June in an effort to force miners to invest in domestic smelting facilities, thus adding value to their products, boosting earnings from exports.

Freeport Indonesia, controlled by mining giant Freeport McMoran, though the Indonesian government is a majority shareholder, has called for the ban to be relaxed as its Gresik smelter would not be operating at full capacity by June.

"If we can't export, state revenues will drop by around $2 billion, based on current prices," media quoted Chief Executive Tony Wenas as saying in remarks confirmed by a company spokesperson.

The comments followed a meeting with President Joko Widodo, at which he was accompanied by Freeport McMoran's chairman Richard Adkerson and incoming chief executive Kathleen L. Quirk.

Wenas reiterated that construction of the Gresik smelter would be complete by May and start operating the following month, reaching full capacity later in 2024.

A spokesperson for Indonesia's mining ministry declined to comment.

At a separate event on Thursday, Widodo told reporters the government targets completion of all negotiations with Freeport by June at the latest.

"We have to finalise the regulation first and then we can finalise the negotiation," he said, referring to a rule on extension of mining permits.

Wenas has previously said Freeport Indonesia would have to cut ore production by 40% this year if the government did not delay the ban.

On Wednesday, Indonesian copper miner Amman Mineral Internasional said it was also negotiating with the government to relax the ban since its smelter would not be ready by May, arguing that the government earns tax revenues from Amman as well as Freeport.

Freeport also raised the matter of extending its mining permit during the meeting, Wenas said.

Widodo and Adkerson met last November to discuss a 10% increase in Indonesia's ownership of Freeport Indonesia and a 20-year extension of its mining permit beyond the current expiry date of 2041. (Reporting by Bernadette Christina Munthe; Additional reporting by Stefanno Sulaiman and Fransiska Nangoy; Writing by Gayatri Suroyo; Editing by Clarence Fernandez)

JAKARTA, March 28 (Reuters) – Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2 billion in revenues for Jakarta, a company official said on Thursday.

Indonesia's export ban takes effect from June in an effort to force miners to invest in domestic smelting facilities, thus adding value to their products, boosting earnings from exports.

Freeport Indonesia, controlled by mining giant Freeport McMoran, though the Indonesian government is a majority shareholder, has called for the ban to be relaxed as its Gresik smelter would not be operating at full capacity by June.

"If we can't export, state revenues will drop by around $2 billion, based on current prices," media quoted Chief Executive Tony Wenas as saying in remarks confirmed by a company spokesperson.

The comments followed a meeting with President Joko Widodo, at which he was accompanied by Freeport McMoran's chairman Richard Adkerson and incoming chief executive Kathleen L. Quirk.

Wenas reiterated that construction of the Gresik smelter would be complete by May and start operating the following month, reaching full capacity later in 2024.

A spokesperson for Indonesia's mining ministry declined to comment. The president's office did not immediately respond to a Reuters' request for comment.

Wenas has previously said Freeport Indonesia would have to cut ore production by 40% this year if the government did not delay the ban.

On Wednesday, Indonesian copper miner Amman Mineral Internasional said it was also negotiating with the government to relax the ban since its smelter would not be ready by May, arguing that the government earns tax revenues from Amman as well as Freeport.

Freeport also raised the matter of extending its mining permit during the meeting, Wenas said.

Widodo and Adkerson met last November to discuss a 10% increase in Indonesia's ownership of Freeport Indonesia and a 20-year extension of its mining permit beyond the current expiry date of 2041. (Reporting by Bernadette Christina Munthe; Additional reporting by Stefanno Sulaiman and Fransiska Nangoy; Writing by Gayatri Suroyo; Editing by Clarence Fernandez)

Written by Amy Legate-Wolfe at The Motley Fool Canada

We’re all well aware that Cameco (TSX:CCO) continues to kill it on the TSX today. The mixture of a strong business coupled with uranium spot prices soaring has been great for the stock. But there’s even more growth coming for Cameco stock in the next decade. Along with these other two stocks. So let’s look at these three commodity growth stocks to continue watching in 2024.

Cameco stock

When it comes to Cameco stock, there have been a lot of reasons to consider picking up the stock. First off is the uranium market demand. This company is the leading uranium producer and supplier, especially with sanctions on Russia from the invasion of Ukraine. So if you’re bullish on the long-term growth prospects of nuclear power, and they remain strong for the next decade, then there is a reason to buy up this stock.

That’s even after shares have grown as they have. That’s because Cameco stock is one of the largest uranium producers around the world, and the world’s largest publicly traded uranium company. This provides them with stability in a niche industry.

What’s more, investing in Cameco stock is a great way to get away from oil and gas and diversify your investments towards the future of renewable energy production. And the uranium producer provides especially strong growth given it holds long-term contracts with utility companies to supply uranium. So with shares up 66% in the last year, I’d consider the stock will rise even higher.

Teck stock

Another company that provides you with some strong diversification is Teck Resources (TSX:TECK.B). While Teck stock doesn’t invest in nuclear power, it does invest in basic materials. These are materials we need to power or create the infrastructure we use on a daily basis.

This investment provides you with more diversification with mining activities in copper, zinc, coal and energy. The diversified miner provides global exposure to the Americas and Asia Pacific, as well as Europe. This can also help during times of instability in one country over others. Teck stock has also been increasing its production of in-demand products such as copper, zinc and steelmaking coal, even spinning off another steel-making coal business.

What’s more, Teck stock offers long-term growth from financial stability that comes from a streamlined business and strong cash flow. With so many strong operations and growth opportunities, it’s no wonder the stock has climbed 22% in the last year. And that’s likely only to rise by a stable clip in the years to come.

Lundin mining

Focusing once more on the mining world, I would also keep an eye on Lundin Mining (TSX:LUN). About 63% of Lundin’s business focuses on the production of copper. And that is in high demand right now. Copper is used to power renewable energy assets, plumbing, and electronics. As a conductor of electricity, it’s a crucial part of the digital revolution as well.

Which is why Lundin stock has doubled down, reporting record production in the last year, and seeing even more for the year coming up. While it also offers more diversified assets such as zinc and nickel, its copper that will likely drive long-term growth for the stock.

The company has long focused on operational excellence and cost management in its mining operations. It has demonstrated strong efficiency that should help the miner grow even further in the years to come. So while shares are up 57%, it could still be a deal at this stage.

The post Cameco Stock and More: 3 TSX Commodity Titans to Watch in 2024 appeared first on The Motley Fool Canada.

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2024

Forsys Metals Corp

Figure 1:

Recent boreholes drilled within the 2015 main pit outline on ML-149, Valencia West planned exploration drilling.

Figure 2:

Overview map of Norasa 2024 Q1 drill campaign on a radiometric background.

TORONTO, March 26, 2024 (GLOBE NEWSWIRE) — Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”)

Forsys is pleased to provide assay results from the Valencia 2023 drilling programme, from Mining License (“ML)-149("Valencia”) in the Erongo region of Namibia, which forms part of the Company’s larger Norasa Uranium Project (“Norasa¹”).

Fifteen boreholes were drilled with a combined total of 2,684.44 metres ("m") (Figure 1). The objectives of the drill program were:

• geotechnical drilling, and logging and sampling for geo-mechanical testing for pit slope stability assessment and optimizing pit designs;

• testing the continuity of mineralization for resource modelling;

• confirming Mineral Resource Estimation (MRE) parameters; and

• sampling for metallurgical test work and processing design optimization

Drilling, geological and geotechnical logging, down-hole optical televiewer and radiometric scans have been completed on the 15 holes. Eight hundred and nineteen samples from ten of the boreholes underwent assay with established quality control protocol and procedures. The chemical results have been verified by an accredited lab and reviewed by a third party professional geologist. Highlights are as follows:

• Multiple zones of massive alaskite intrusions were intersected. Chemical assays confirm uranium mineralization in all six of the confirmation boreholes.

• Best mineralized borehole PQ-5 intersected 77.34 m of continuous mineralisation, averaging 439 ppm U3O8, including 41.9 m of 683 ppm U3O8.

• 2023 intersections of mineralization correlate with the neighbouring, historic drilling, intersections and down-hole gamma survey results.

• No major zones of rock weakness, i.e. no concerning geological structures, have been intersected. This is a positive result for the ongoing geotechnical specialist work, as it indicates conducive conditions for pit slope optimization and overall mine design.

Table 1: Highlights reported from the completed 2023 drill campaign, minimum width of 5m and cutoff of 50 ppm U3O8

BHID	FROMm	TOm	LENGTHm	U3O8ppm		FROMm	TOm	LENGTHm	U3O8ppm
VA23GT001	23	29	6	108
VA23GT001	40	47	7	189
VA23GT001	77	82	5	66
VA23GT001	95	101	6	140
VA23GT002	38	77	39	106
VA23GT002	105.3	149	43.7	152	including	104	124.1	20.1	334
VA23GT004	1	103.2	102.2	164	including	73	103.2	30.2	216
VA23GT005	22	41	19	92
VA23GT005	51	63	12	218
VA23GT005	89	94	5	123
VA23GT005	101	106	5	114
VA23GT005	116.2	129	12.8	122
VA23GT005	141.8	147.11	5.31	241
VA23GT005	229.13	239	9.87	236
VA23GT005	244.77	272	27.23	184
VA23GT006	65	81	16	136
VA23GT006	100	105	5	143
VA23GT007	18	26	8	194
VA23GT007	33	38	5	194
VA23GT007	189	195	6	213
VA23PQ04	30	37.5	7.5	229
VA23PQ04	54	59	5	181
VA23PQ05	3.96	81.3	77.34	439	including	36	77.9	41.9	683
VA23RE001	50	100	50	90
VA23RE001	114	119	5	215
VA23RE001	128.73	178	49.27	201	including	142	169.05	27.05	275
VA23RE001	190	237	47	253	including	202.37	225	22.63	371
VA23RE001	302.75	414	111.25	134	including	322.88	345.24	22.36	331
VA23RE002	1	21	20	105
VA23RE002	95	124.1	29.1	271	including	104	124.1	20.1	334
VA23RE002	129.7	152	22.3	376	including	129.7	140.8	11.1	673
VA23RE002	160	180	20	162
VA23RE002	244	251.2	7.2	158
VA23RE002	258	268	10	171
VA23RE002	275	288	13	139

Geological context:

• Boreholes GT-01 to GT-07 were drilled from within the planned Valencia Main mine pit, angled and directed away from the centre of the 2015 pit shell to investigate the ground conditions for the pit slope design.

• Two boreholes, RE-01 and RE-02, were strategically positioned to confirm mineralization from the 2015 FS Mineral Resource Estimate at Valencia in a geologically unique zone.

• Holes PQ-01 to PQ-05 were drilled at Valencia for a total of 285.31 m, providing approximately 3 tons of sample for metallurgical testing.

Recent boreholes drilled within the 2015 main pit outline on ML-149, Valencia West planned exploration drilling.

Figure 1: Recent boreholes drilled within the 2015 main pit outline on ML-149, Valencia West planned exploration drilling.https://www.globenewswire.com/NewsRoom/AttachmentNg/bdc97a7e-8ff7-4fa6-8c7e-6a71aa561a7d

Borehole samples were selected for geochemical assay from the routine downhole radiometric scanning results and sent to Trace Elements Analysis Laboratories (Pty) Ltd (“TEA Labs”) in Swakopmund for sample preparation and analyses by XRF. For internal quality control purposes TEA Labs has weekly round robins with independent laboratories at Rosh Pinah, Husab Uranium, and Langer Heinrich mine laboratories.

Forsys employs an industry standard QA/QC program with Standard Reference Materials, blanks, coarse duplicates and pulp duplicates inserted into each batch of samples analysed. 4% of the samples sent to TEA Labs were sent for check analyses to SGS Laboratories in South Africa, which is an independent accredited laboratory. The sample results are further validated by comparison with the downhole radiometric survey results.

Table-2 below lists borehole intersections with minimum intersections of 50ppm U3O8 over 5m:

Table 2: 2023 drill campaign: drill type, assay, composites, downhole gamma survey

BHID	X	Y	Z	FROM	TO	LENGTH	EOH	RC	CORE	Gamma	U	Th	U3O8
	UTM	UTM	m amsl	m	m	m	m	m	m	cps	ppm	ppm	ppm
VA23GT001	523609	7528504	716.505	0	23	23	222	–	222	–	–	–	0
VA23GT001	523602	7528501	703.981	23	29	6	222	–	222	722	92	–	108
VA23GT001	523598	7528499	696.608	29	40	11	222	–	222	308	–	–	0
VA23GT001	523594	7528498	688.796	40	47	7	222	–	222	702	160	–	189
VA23GT001	523586	7528494	672.673	47	77	30	222	–	222	235	–	–	0
VA23GT001	523578	7528490	657.402	77	82	5	222	–	222	761	55	–	66
VA23GT001	523574	7528489	649.543	82	95	13	222	–	222	204	–	–	0
VA23GT001	523570	7528487	641.25	95	101	6	222	–	222	–	119	–	140
VA23GT001	523541	7528475	585.825	101	222	121	222	–	222	–	–	–	0
VA23GT002	523526	7528889	697.146	0	38	38	203.8	102	100	108	–	–	0
VA23GT002	523518	7528896	660.245	38	77	39	203.8	102	100	495	90	–	106
VA23GT002	523510	7528904	628.372	77	105.3	28.3	203.8	102	100	201	–	–	2
VA23GT002	523502	7528914	594.818	105.3	149	43.7	203.8	102	100	744	129	36	152
VA23GT002	523496	7528926	561.152	149	177.95	28.95	203.8	102	100	214	–	–	1
VA23GT002	523491	7528936	533.545	184	202.8	18.8	203.8	102	100	216	–	–	0
VA23GT003	523841	7529328	692.427	0	102	102	102	102	–	–	–	–	0
VA23GT003	523861	7529274	633.213	0	227.28	227.28	227.28	–	225	186	–	–	0
VA23GT004	524440	7529153	734.567	0	1	1	152.26	50.26	102	–	–	–	0
VA23GT004	524467	7529148	690.761	1	103.2	102.2	152.26	50.26	102	1134	139	–	164
VA23GT004	524507	7529140	627.146	103.2	152.26	49.06	152.26	50.26	102	150	–	–	1
VA23GT005	524189	7528751	729.233	0	22	22	275.47	102	173	–	–	–	0
VA23GT005	524187	7528755	709.298	22	41	19	275.47	102	173	421	78	–	92
VA23GT005	524185	7528759	695.341	41	51	10	275.47	102	173	265	–	–	0
VA23GT005	524184	7528762	684.832	51	63	12	275.47	102	173	1185	185	–	218
VA23GT005	524181	7528767	667.017	63	89	26	275.47	102	173	252	–	–	0
VA23GT005	524178	7528773	652.66	89	94	5	275.47	102	173	496	104	–	123
VA23GT005	524177	7528775	647.267	94	101	7	275.47	102	173	178	–	–	0
VA23GT005	524176	7528777	641.914	101	106	5	275.47	102	173	574	–	–	114
VA23GT005	524174	7528781	635.168	106	116.2	10.2	275.47	102	173	162	–	–	0
VA23GT005	524172	7528786	624.989	116.2	129	12.8	275.47	102	173	653	–	–	122
VA23GT005	524170	7528791	613.699	129	141.8	12.8	275.47	102	173	277	–	–	9
VA23GT005	524168	7528795	605.732	141.8	147.11	5.31	275.47	102	173	1282	205	7	241
VA23GT005	524159	7528815	567.876	147.11	229.13	82.02	275.47	102	173	180	–	–	0
VA23GT005	524150	7528836	528.09	229.13	239	9.87	275.47	102	173	1394	200	25	236
VA23GT005	524148	7528840	521.336	239	244.77	5.77	275.47	102	173	142	–	–	0
VA23GT005	524145	7528847	507.084	244.77	272	27.23	275.47	102	173	977	156	51	184
VA23GT005	524142	7528854	493.825	272	275.47	3.47	275.47	102	173	–	–	–	0
VA23GT006	523928	7528337	693.644	0	65	65	225.14	100	125	251	–	–	0
VA23GT006	523936	7528330	654.546	65	81	16	225.14	100	125	504	115	–	136
VA23GT006	523940	7528328	637.595	81	100	19	225.14	100	125	312	–	–	0
VA23GT006	523943	7528327	625.965	100	105	5	225.14	100	125	734	121	28	143
VA23GT006	523957	7528323	566.26	105	223.14	118.14	225.14	100	125	242	–	–	0
VA23GT007	524262	7529312	734.236	0	18	18	275.35	102	168	–	–	–	0
VA23GT007	524257	7529316	723.059	18	26	8	275.35	102	168	1141	164	–	194
VA23GT007	524254	7529318	716.725	26	33	7	275.35	102	168	350	–	–	0
VA23GT007	524251	7529320	711.742	33	38	5	275.35	102	168	515	165	–	194
VA23GT007	524217	7529357	652.171	38	189	151	275.35	102	168	281	–	–	0
VA23GT007	524182	7529394	592.48	189	195	6	275.35	102	168	773	180	5	213
VA23GT007	524162	7529417	561.769	195	275.35	80.35	275.35	102	168	–	–	–	0
VA23PQ01	523762	7528744	688.025	0	59.95	59.95	60	–	59.95	892	–	–	0
VA23PQ02	523714	7529040	709.151	0	23.7	23.7	23.7	–	23.7	–	–	–	0
VA23PQ03	523869	7529019	702.407	0	61.27	61.27	60.27	–	60.27	–	–	–	0
VA23PQ04	523745	7529037	702.033	0	30	30	59	–	59	291	–	–	0
VA23PQ04	523744	7529037	683.329	30	37.5	7.5	59	–	59	1230	194	46	229
VA23PQ04	523743	7529038	671.361	37.5	54	16.5	59	–	59	258	–	–	0
VA23PQ04	523743	7529038	660.637	54	59	5	59	–	59	1019	–	–	181
VA23PQ05	523722	7528668	721.02	0	3.96	3.96	80	–	80	–	–	–	0
VA23PQ05	523722	7528668	680.372	3.96	81.3	77.34	80	–	80	3138	372	48	439
VA23RE001	524309	7528910	724.265	0	50	50	419.72	102	318	512	–	–	0
VA23RE001	524286	7528933	686.478	50	100	50	419.72	102	318	375	76	–	90
VA23RE001	524270	7528949	663.893	100	114	14	419.72	102	318	121	–	–	5
VA23RE001	524265	7528954	657.753	114	119	5	419.72	102	318	1319	190	–	215
VA23RE001	524261	7528958	653.019	119	128.73	9.73	419.72	102	318	85	–	–	0
VA23RE001	524244	7528974	634.211	128.73	178	49.27	419.72	102	318	1266	–	–	201
VA23RE001	524227	7528991	614.788	178	190	12	419.72	102	318	156	–	–	0
VA23RE001	524210	7529007	596.799	190	237	47	419.72	102	318	1892	215	–	253
VA23RE001	524178	7529038	563.102	237	302.75	65.75	419.72	102	318	83	–	–	1
VA23RE001	524127	7529089	511.66	302.75	414	111.25	419.72	102	318	–	–	–	134
VA23RE001	524093	7529123	478.027	414	419.72	5.72	419.72	102	318	2	39	–	47
VA23RE002	524153	7529118	748.623	0	1	1	296.21	102	153	–	–	–	0
VA23RE002	524159	7529114	740.728	1	21	20	296.21	102	153	671	89	–	105
VA23RE002	524186	7529096	706.86	21	95	74	296.21	102	153	107	15	–	18
VA23RE002	524217	7529075	670.879	95	124.1	29.1	296.21	102	153	1980	229	–	271
VA23RE002	524228	7529068	659.428	124.1	129.7	5.6	296.21	102	153	330	15	–	17
VA23RE002	524237	7529063	650.437	129.7	152	22.3	296.21	102	153	2767	318	–	376
VA23RE002	524247	7529057	640.726	152	160	8	296.21	102	153	200	–	–	0
VA23RE002	524256	7529051	631.919	160	180	20	296.21	102	153	1046	137	–	162
VA23RE002	524285	7529034	606.377	180	244	64	296.21	102	153	130	–	–	0
VA23RE002	524309	7529019	585.009	244	251.2	7.2	296.21	102	153	1021	134	–	158
VA23RE002	524314	7529016	580.956	251.2	258	6.8	296.21	102	153	613	–	–	12
VA23RE002	524319	7529012	576.141	258	268	10	296.21	102	153	1370	145	–	171
VA23RE002	524325	7529008	571.309	268	275	7	296.21	102	153	380	–	–	0
VA23RE002	524332	7529004	565.685	275	288	13	296.21	102	153	786	118	–	139
VA23RE002	524339	7528999	559.753	288	296.21	8.21	296.21	102	153	–	–	–	0

2024 Drilling Program on ML-149, Valencia

The Company also announces that it has commenced a new drilling program at Valencia. Three zones of potential uranium mineralization situated outside of the existing resource block model are now being investigated.

The drilling program focusses on three target areas; refer to Table-3 and Figure-2 for individual drill hole locations:

• A favourable horizon identified at the Jolie Zone (~ 1km north of Valencia pit)

• Valencia West Extension

• Valencia South

Twenty-nine boreholes are scheduled for a total of 5,236m of drilling to assess mineralization to depths of up to 380 m below collar.

The three areas of mineralization potential were delineated from historic exploration work that included; aerial photo interpretation, geological mapping, aeromagnetic surveys, airborne and ground scintillometer surveys and exploration drilling. Investigation by drilling is required to define the mine’s surface infrastructure development and also to explore for resource upside potential in these areas.

Table 3: Below lists the holes planned for RC drilling. A diamond drill rig is available for extension of the RC drill section, as required by the ground conditions.

BHID	Rig / Ranking	X COLLAR	Y COLLAR	Z COLLAR	EOH	BRG	DIP
		UTM	UTM	m	m	degree	degree
VA24-01	VA_West	523370	7528883	724	150	330	60
VA24-02	VA_West	523303	7528855	725	132	330	60
VA24-03	VA_West	523165	7528783	729	126	330	60
VA24-04	VA_West	523178	7528750	721	150	330	60
VA24-05	VA_West	523100	7528754	731	144	330	60
VA24-06	VA_West	523113	7528729	726	180	330	70
VA24-07	VA_West	522990	7528722	735	98	330	60
VA24-08	VA_West	523015	7528674	727	132	330	60
VA24-09	VA_West	522912	7528692	735	168	330	60
VA24-10	VA_West	522818	7528684	736	120	330	60
Exp13	VA_West	522738	7528660	741	98	330	60
Exp14	VA_West	522763	7528616	734	172	330	60
Exp15	VA_West	523439	7528939	730	138	340	60
Exp04	VA_West	523139	7528852	743	84	330	61
Exp07	VA_West	523066	7528822	743	72	330	60
Exp10	VA_West	522885	7528741	750	120	330	60
Exp08	VA_West	523411	7528974	724	78	330	60
Exp17	VA_West	523493	7528994	721	98	330	60
Jolie01	Jolie	523883	7529918	680	120	330	60
Jolie02	Jolie	523917	7530008	694	66	330	60
Jolie03	Jolie	524046	7529973	705	150	330	60
VA_S_1	VA_South	523716	7528300	725	260	270	60
VA_S_2	VA_South	523796	7528300	725	300	270	60
VA_S_3	VA_South	523876	7528300	725	360	270	60
VA_S_4	VA_South	523956	7528300	725	380	270	60
VA_S_5	VA_South	523723	7528500	725	260	270	60
VA_S_6	VA_South	523796	7528500	735	320	270	60
VA_S_7	VA_South	523876	7528489	725	380	270	60
VA_S_8	VA_South	523956	7528500	732	380	270	60
			Total metres:		5,236

Boreholes VA24-01 to VA10 are completed, awaiting down-hole surveys, detailed recording, and sampling for chemical assay. Additional drilling might be required to test at depth, dependent onthe results to be obtained from the campaign.

Overview map of Norasa 2024 Q1 drill campaign on a radiometric background.

Figure 2: Overview map of Norasa 2024 Q1 drill campaign on a radiometric background.https://www.globenewswire.com/NewsRoom/AttachmentNg/38b9bda9-00f8-4a9f-b9db-85c1beade129

Qualified Persons Statement

The information in this release that relates to “project update” for the Norasa Project is based on information compiled or reviewed by Dr Guy Freemantle of The MSA Group (Pty) Ltd., South Africa. Dr Freemantle is a consultant for Valencia Uranium (Pty) Ltd. and is a member of the SACNASP. Dr Freemantle has sufficient experience and knowledge that is relevant to the style of mineralisation and type of deposits under consideration as well as to the activity that is being undertaken to fulfill requirements of a Qualified Person as per NI 43-101. Dr Freemantle consents to this release in the form and context in which it appears.

About Forsys Metals Corp.

Forsys Metals Corp. (TSX: FSY, FSE: F2T, NSX: FSY) is an emerging uranium developer focused on advancing its wholly-owned Norasa Uranium Project, located in the politically friendly jurisdiction of Namibia, Africa. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638).

Further information is available at the Company website www.forsysmetals.com.

On behalf of the Board of Directors of Forsys Metals Corp. Richard Parkhouse, Director, Investor Relations.

For additional information please contact:

Richard Parkhouse, Director, Investor Relationsemail: rparhkhouse@forsysmetals.com email: info@forsysmetals.com

Forward-Looking Statement

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements 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", "be achieved" or "has the potential to". Forward looking statements contained in this press release are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedarplus.ca. The forward-looking statements included in this press release are made as of the date of this press release and Forsys Metals Corp disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

_____________________________¹ The Norasa Uranium Project (“Norasa”) is wholly-owned by the Company’s 100% subsidiary Valencia Uranium (Pty) Ltd. (“Valencia Uranium”) and comprises the Valencia uranium deposits (held under ML-149) ("Valencia”) and the Namibplaas uranium deposit (under EPL-3638, application for ML-251) (“Nambiplaas”).

In this article, we discuss the 13 most profitable gold stocks to invest in. To skip the detailed analysis of the industry, go directly to the 5 Most Profitable Gold Stocks To Invest In.

The close of 2023 saw a surge in gold prices driven by the widespread belief that the precious metal serves as a hedge against inflation, prompting investors to seek refuge amid economic uncertainty. That same year, gold prices experienced a notable surge of over 13%, coinciding with a 3% increase in demand for the yellow metal compared to the previous year, reaching 4,899 metric tons. This data, sourced from the World Gold Council, encompasses purchases made by central banks as well as demand from various sectors including industries, jewelry makers, and investors. The SVB crash and conflicts in the Middle East have further heightened demand for the precious metal throughout the year, consequently leading gold stocks to achieve significant gains. According to a Bloomberg report from earlier in 2023, data from Invesco indicated a notable trend of global sovereign wealth funds and investors increasing their gold holdings. The insights from the report were based on a survey encompassing 85 sovereign wealth funds and 57 central banks, managing assets totaling approximately $21 trillion.

Exchange-traded funds (ETFs) that mirror the price of gold also recorded strong performances. The SPDR Gold Shares ETF (NYSE:GLD) saw a gain of 6.06% year-to-date, while the iShares Gold Trust ETF (NYSE:IAU) climbed 4.6%. Many analysts describe the investment environment supporting gold's recent performance as a Goldilocks scenario, characterized by "just right" conditions. Bill Baruch, president of commodities brokerage firm Blue Line Futures, suggesting that gold's movement signals the beginning of a "multi-year bull market in metals." This statement is supported by VanEck's report that illustrated the direct correlation between gold prices and gold stocks.

"Gold stocks are supposed to outperform the metal when gold’s price is rising. Their leverage to gold justifies outperformance. For any given move in the price of gold, operating cash flow generated by these companies increases (or decreases) by a much greater percentage. Take Alamos (8.06% of Fund net assets), for example. The company estimates that a 5% increase in the price of gold (about a+$100/oz move), would translate into an increase of almost 30% in their free cash flow in 2024. "

With that in mind, today we will explore some of the most profitable gold stocks that investors should take note of, with prominent choices including Freeport-McMoRan Inc. (NYSE:FCX), Barrick Gold Corp (NYSE:GOLD), and Agnico Eagle Mines Limited (NYSE:AEM).

13 Most Profitable Gold Stocks To Invest In

A golden nugget illuminated under direct lighting, hinting at the value of precious metals.

Our Methodology

To make our list of the most profitable gold stocks to invest in, we narrowed down a list of gold companies that have operations involving the precious metal and ranked them according to their lates trailing twelve-month net income. For these gold stocks, we have also mentioned hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

13. B2Gold Corp (NYSE:BTG)

Number of Hedge Fund Holders: 14

Latest TTM Net Income: 10.10 million

B2Gold Corp. (NYSE:BTG) is a Canadian company focused on the exploration and development of gold resources. Operating across several countries, including Colombia, Mali, Namibia, the Philippines, Uzbekistan, Finland, and Canada, the company is actively involved in exploration, development, and production activities in these regions.

A total of 14 hedge funds tracked by Insider Monkey reported having stakes in B2Gold Corp (NYSE:BTG). One of the biggest hedge fund stakeholders of B2Gold Corp (NYSE:BTG) was John Overdeck and David Siegel’s Two Sigma Advisors which owns a $24.69 million stake in B2Gold Corp (NYSE:BTG).

Much like Freeport-McMoRan Inc. (NYSE:FCX), Barrick Gold Corp (NYSE:GOLD), and Agnico Eagle Mines Limited (NYSE:AEM), B2Gold Corp. (NYSE:BTG) ranks as one of the most profitable gold stocks to invest in.

12. Equinox Gold Corp. (NYSE:EQX)

Number of Hedge Fund Holders: 10

Latest TTM Net Income: 28.89 million

Equinox Gold Corp. (NYSE:EQX) is a gold producer concentrated on growth that operates solely in the Americas, with seven operational gold mines situated in the U.S., Mexico, and Brazil. Additionally, the company is presently advancing through the commissioning phase at its Greenstone Project near Geraldton, Ontario.

Q4 2023 emerged as Equinox Gold Corp. (NYSE:EQX)'s most robust quarter of the year, during which it generated 155,000 ounces of gold. This performance allowed the company to meet its guidance, resulting in a total production of 564,500 ounces for the entirety of 2023. Equinox Gold Corp. (NYSE:EQX) concluded the year with approximately $192 million in cash and equivalents.

During Q3 2023, 10 out of the 933 hedge funds part of Insider Monkey’s database had held a stake in Equinox Gold Corp. (NYSE:EQX). Out of these, the firm’s largest shareholder is Eric Sportt’s Sprott Asset Management since it owns $40.39 million worth of shares.

11. Sandstorm Gold Ltd. (NYSE:SAND)

Number of Hedge Fund Holders: 12

Latest TTM Net Income: 41.72 million

Based in Vancouver, Sandstorm Gold Ltd. (NYSE:SAND) is a gold royalty company that extends funding to mining firms in exchange for royalties, predominantly in the form of net smelter returns and streams. Since its establishment in 2008, Sandstorm Gold Ltd. (NYSE:SAND) has amassed an impressive portfolio encompassing over 250 royalties on mines worldwide.

In its latest earnings report for the fourth quarter, Sandstorm Gold Ltd. (NYSE:SAND) showcased impressive results, surpassing expectations in both revenue and earnings per share. The company reported revenues of $44.5 million for the quarter, marking a 15.9% increase year-over-year. Additionally, its net income amounted to $24.5 million, or $0.08 per share, in contrast to a net loss of $2.1 million, or $0.01 per share, in the same period the previous year.

12 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the company. Sandstorm Gold Ltd. (NYSE:SAND)’s biggest hedge fund investor is Murray Stahl’s Horizon Asset Management as it owns 4.8 million shares that are worth $24.18 million.

10. IAMGOLD Corporation (NYSE:IAG)

Number of Hedge Fund Holders: 16

Latest TTM Net Income: 94.30 million

IAMGOLD Corporation (NYSE:IAG) is a Canadian company headquartered in Toronto, owning and operating gold mines in Burkina Faso, Suriname, and Canada. Established in 1990, the company has grown to become a significant player in the global gold mining industry.

IAMGOLD Corporation (NYSE:IAG) recently finalized its acquisition of Vanstar Mining Resources Inc., marking the completion of the consolidation of its ownership of the Nelligan Gold Project in Quebec. Following this transaction, IAMGOLD Corporation (NYSE:IAG) now possesses a 100% interest in the Project, located 60 kilometers southwest of Chibougamau, Quebec. Additionally, the company holds a 1% Net Smelter Return (NSR) royalty on selected claims of the project, along with other early-stage exploration properties in Northern Quebec.

During last year’s December quarter, 16 out of the 910 hedge funds tracked by Insider Monkey owned IAMGOLD Corporation (NYSE:IAG)’s shares. The firm’s largest investor in our database is John Overdeck And David Siegel's Two Sigma Advisors as it owns $12.4 million worth of shares.

9. Alamos Gold Inc (NYSE:AGI)

Number of Hedge Fund Holders: 33

Latest TTM Net Income: 210.00 million

Alamos Gold Inc. (NYSE:AGI) is an intermediate gold producer headquartered in Canada, renowned for its diversified production from three operational mines in North America and a robust portfolio of growth projects. These mines include the Young-Davidson and Island Gold mines in northern Ontario, Canada, as well as the Mulatos mine in Sonora State, Mexico.

In January of this year, Alamos Gold Inc. (NYSE:AGI) finalized an agreement to acquire all issued and outstanding shares of Orford Mining, further solidifying its position in several mining projects located in Quebec, Canada. This strategic move will allow Alamos Gold Inc. (NYSE:AGI) to enrich its portfolio by integrating the Qiqavik Gold Project and other exploration-stage assets, such as Nunavik Lithium, the Joutel Properties, and West Raglan.

A total of 33 hedge funds out of the 933 funds in Insider Monkey’s database of hedge funds had stakes in Alamos Gold Inc (NYSE:AGI). The most notable stake in Alamos Gold Inc (NYSE:AGI) is owned by Jean-Marie Eveillard’s First Eagle Investment Management which owns an $119.2 million stake in Alamos Gold Inc (NYSE:AGI).

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

Number of Hedge Fund Holders: 23

Latest TTM Net Income: 239.44 million

Royal Gold, Inc. (NASDAQ:RGLD) is recognized as a prominent global entity in the precious metals streaming and royalty sector. Specializing in the acquisition and management of precious metal streams, royalties, and similar production-based interests, the company has established a strong foothold in the industry.

On February 15, National Bank Financial analyst Sameer Keswani upgraded Royal Gold, Inc. (NASDAQ:RGLD) from Sector Perform to Outperform, signaling a significant change in their evaluation of the company's prospects within the precious metals market. This upgrade reflects Keswani's confidence in Royal Gold, Inc. (NASDAQ:RGLD) to outperform its sector peers and provide superior returns to investors.

As of the last quarter of 2023, 23 hedge funds tracked by Insider Monkey held stakes in Royal Gold, Inc. (NASDAQ:RGLD). The largest stakeholder during this period was Jean-Marie Eveillard’s First Eagle Investment Management.

7. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 36

Latest TTM Net Income: 416.30 million

Established in 1993 and headquartered in Toronto, Ontario, Kinross Gold Corporation (NYSE:KGC) is a Canadian mining company specializing in gold and silver extraction. Currently, Kinross operates across six active gold mines and has shown robust financial performance in recent quarters.

Kinross Gold Corporation (NYSE:KGC) has recently entered into an exploration and venture option agreement with Riley Gold for the PWC gold project in Nevada, US. Under the terms of the deal, Kinross has the potential to acquire up to a 75% interest in the project, contingent upon a minimum investment of $20 million. The PWC project, situated in Lander County, covers approximately 24.7 square kilometers in the Cortez District, renowned for its gold production.

As of the end of the fourth quarter of 2023, 36 hedge funds tracked by Insider Monkey held stakes in Kinross Gold Corporation (NYSE:KGC). Notably, Israel Englander’s Millennium Management is the largest stakeholder in Kinross Gold Corporation (NYSE:KGC).

6. Harmony Gold Mining Company Limited (NYSE:HMY)

Number of Hedge Fund Holders: 13

Latest TTM Net Income: 480.17 million

Harmony Gold Mining Company Limited (NYSE:HMY) operates and develops world-class gold assets in South Africa and Papua New Guinea (PNG), one of the world's premier new gold-copper regions. With 69 years of experience, Harmony Gold Mining Company Limited (NYSE:HMY) currently stands as South Africa's largest gold producer.

Earlier this February, Harmony Gold Mining Company Limited (NYSE:HMY) reported earnings for the second half of 2023, revealing a 25% increase in production profit and a tripling of earnings per share to $0.51 compared to the same period ending December 31, 2022. Bolstered by these robust earnings results and the approval to continue utilizing its Mponeng Mine, Harmony Gold Mining Company Limited (NYSE:HMY) announced an interim dividend of approximately $0.08 per share, in addition to its regular quarterly dividend of $0.08 per share.

13 out of the 933 hedge funds polled by Insider Monkey were the firm’s investors in Q4 2023. The biggest Harmony Gold Mining Company Limited (NYSE:HMY) hedge fund shareholder is David Iben’s Kopernik Global Investors as it owns 16.22 million shares that are worth $99.79 million.

Similar to Freeport-McMoRan Inc. (NYSE:FCX), Barrick Gold Corp (NYSE:GOLD), and Agnico Eagle Mines Limited (NYSE:AEM), Harmony Gold Mining Company Limited (NYSE:HMY) is one of the most profitable stocks to buy.

Click to continue reading and see 5 Most Profitable Gold Stocks To Invest In.

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In this piece, we will take a look at the 11 best ASX stocks to buy now. If you want to skip our introduction to the Australian stock market, then you can take a look at the 5 Best ASX Stocks To Buy Now.

With a market capitalization of $1.5 trillion, the Australian stock exchange, also called the ASX, is one of the biggest stock exchanges in the world. It is run and managed by the Sydney, Australia based financial services firm ASX Limited (ASX:ASX.AX), and like other stock exchanges, the ASX's composition along with the most valuable companies listed in Australia is somewhat a reflection of the Australian economy.

For instance, the most valuable publicly traded company in Australia is the global mining giant BHP Group Limited (NYSE:BHP). Its latest market capitalization sits at $141 billion, and the firm's top spot in valuation terms is unsurprising given the crucial role that mining plays in the Australian economy. However, when we move further down the ladder of the most valuable Australian stocks, and particularly those that trade on the ASX, the list becomes a bit more diversified and ends up showcasing the advanced nature of Australia's business sector.

To understand this, consider the most valuable ASX stocks after BHP. These are Commonwealth Bank of Australia (ASX:CBA.AX), CSL Limited (ASX:CSL.AX), National Australia Bank Limited (ASX:NAB.AX), and Westpac Banking Corporation (ASX:WBC.AX). This shows us that the most valuable Australian companies include banks and surprisingly, a biotechnology company. While Australian banking giants, such as the behemoth Macquarie Group Limited (ASX:MQG.AX) are known the world over for their portfolios and services, the country is rarely associated with having a prosperous biotechnology sector – an industry mostly linked with European countries such as Denmark.

This top ASX biotechnology stock belongs to CSL Limited, a Melbourne based company with a market capitalization of A$135 and a product lineup covering gene therapies, kidney medicines, and other products. And just like their American counterparts, stocks on the ASX are also sensitive to news about macroeconomic indicators such as interest rates and inflation.

In fact, these have created somewhat of a roller coaster picture for ASX stocks. While Australia is a developed country, its proximity to China and vast geographical distance from the rest of the developed Western world means that Australian businesses have to rely on the Asian economic superpower for their fortunes. Additionally, just like other developed nations, Australia has also suffered from the twin troubles of high inflation and worrying GDP growth, particularly when it comes to GDP per capita. For those out of the loop, a nation's GDP per capita measures the economic output per person living inside its borders, and for Australia, the GDP per capita in US dollars has been in a down trend since 2013.

The third quarter of 2023 also marked the third consecutive quarterly GDP per capita drop in Australia, a trend that previously surfaced roughly two decades back. Similarly, growth in Australia has also been slowing down, but due to the country being blessed with natural resources, has nevertheless managed to avoid the weak picture painted elsewhere in the developed world. For the full year 2023, the Australian GDP grew by 1.5%, while posting a more modest 0.2% growth in Q4.

The relatively modest growth figures which ended up meeting economic estimates have also placed the Royal Bank of Australia (the Australian central bank) at the center of media, investor, and analyst attention. Many believe that further interest rate hikes at a time when Australian consumers are digging into their savings to keep up spending would be unnecessary. On this front, a fresh report from Bloomberg believes that the RBA will continue to hold interest rates at 4.35% since inflation is higher than the bank's preferred range of 2% to 3%.

So the next question to ask is how well are Australian stocks doing in a period of tepid economic growth and consumer pain. On this front, the S&P/ASX 200, an index of Australian stocks maintained by S&P Global Inc. (NYSE:SPGI) provides some insight. The index has gained a modest 11% over the past twelve months, and its year-to-date performance (flat) shows that investors are wary about the prospects of China, Australian interest rates, and economic growth. In fact, the S&P/ASX 200 has posted just 7.5% in gains since the start of the coronavirus pandemic, leaving much to be desired particularly when we consider the heavy hitting American stock indexes.

With these details in mind, let's take a look at some top Australian and ASX stocks to buy. A couple of notable picks are News Corporation (NASDAQ:NWS), BHP Group Limited (NYSE:BHP), and Rio Tinto Group (NYSE:RIO).

11 Best ASX Stocks To Buy Now

Marine Deswarte/Shutterstock.com

Our Methodology

To make our list of the best ASX stocks to buy, we ranked ASX stocks whose American Depository Receipts (ADRs) trade on U.S. stock exchanges by the number of hedge funds that had bought the shares in Q4 2023. Out of these, the top ASX stocks were chosen.

For these best ASX stocks, we used hedge fund sentiment. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

11 Best ASX Stocks To Buy Now11. Immutep Limited (NASDAQ:IMMP)

Number of Q4 2023 Hedge Fund Shareholders: 1

Immutep Limited (NASDAQ:IMMP) is a biotechnology company headquartered in Sydney, Australia. It is a specialized biotechnology firm that seeks to rely on the human body's immune system to fight cancer. Recent analyst coverage for the stock comes only from Baird, which has rated the shares as Outperform.

As of Q4 2023 end, just one out of the 933 hedge funds profiled by Insider Monkey had bought a stake in Immutep Limited (NASDAQ:IMMP). This lone investor was Israel Englander's Millennium Management, which owned a $144,022 stake.

Along with BHP Group Limited (NYSE:BHP), News Corporation (NASDAQ:NWS), and Rio Tinto Group (NYSE:RIO), Immutep Limited (NASDAQ:IMMP) makes it to our list of the top ASX stocks to buy.

10. Incannex Healthcare Inc. (NASDAQ:IXHL)

Number of Q4 2023 Hedge Fund Shareholders: 1

Incannex Healthcare Inc. (NASDAQ:IXHL) is a diversified healthcare company developing treatments for lung diseases, bowel disorders, and other ailments. The firm has been having a busy 2024 by engaging in trials for smoking cessation, anxiety, and other drugs.

By the end of December 2023, one hedge fund among the 933 that were covered by Insider Monkey's research had bought Incannex Healthcare Inc. (NASDAQ:IXHL)'s shares.

9. Benitec Biopharma Inc. (NASDAQ:BNTC)

Number of Q4 2023 Hedge Fund Shareholders: 2

Benitec Biopharma Inc. (NASDAQ:BNTC) is another specialty biotechnology company. It focuses on developing gene based treatments for diseases such as dystrophy. The firm's latest quarter saw it post a $6.7 million loss, with its roughly $20 million in cash and equivalents providing a buffer for some quarters.

During last year's fourth quarter, two out of the 933 hedge funds polled by Insider Monkey were the firm's investors. Benitec Biopharma Inc. (NASDAQ:BNTC)'s biggest hedge fund shareholder is Aaron Cowen's Suvretta Capital Management as it owns $659,631 worth of shares.

8. Mesoblast Limited (NASDAQ:MESO)

Number of Q4 2023 Hedge Fund Shareholders: 2

Mesoblast Limited (NASDAQ:MESO) is a Melbourne based company developing treatments for cancer, liver, and other ailments. The firm scored a win in March 2024 when the FDA expressed support for an accelerated approval for a heart drug.

By the end of 2023's December quarter, two out of the 933 hedge funds part of Insider Monkey's database had bought Mesoblast Limited (NASDAQ:MESO)'s shares. Israel Englander's Millennium Management was the largest investor among these as it owned 1,838 shares.

7. Kazia Therapeutics Limited (NASDAQ:KZIA)

Number of Q4 2023 Hedge Fund Shareholders: 3

Kazia Therapeutics Limited (NASDAQ:KZIA) is a biotechnology firm developing treatments for cancer, lymphoma, and tumors. The firm scored a minor win in February 2024 when it was able to expedite a clinical trial of a brain disease drug after witnessing favorable results.

Insider Monkey dug through 933 hedge fund portfolios for their fourth quarter of 2023 shareholdings to find three Kazia Therapeutics Limited (NASDAQ:KZIA) shareholders.

6. Opthea Limited (NASDAQ:OPT)

Number of Q4 2023 Hedge Fund Shareholders: 3

Opthea Limited (NASDAQ:OPT) is the fifth consecutive biotechnology firm on our list of the best ASX stocks. It makes and sells treatments for eye diseases. Analysts are quite in love with the stock, as they have set an average share price target of $12.72 and rated the shares as Strong Buy.

During last year's final quarter, three out of the 933 hedge funds covered by Insider Monkey research were the firm's shareholders. Robert M. P. Luciano VGI Partners owned the biggest Opthea Limited (NASDAQ:OPT) stake which was worth $8.5 million.

News Corporation (NASDAQ:NWS), BHP Group Limited (NYSE:BHP), Opthea Limited (NASDAQ:OPT), and Rio Tinto Group (NYSE:RIO) are some top stocks that trade on the ASX exchange, have their American Depository Receipts (ADRs) available for trading on U.S. exchanges, and are seeing strong interest when it comes to hedge fund money.

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(Bloomberg) — China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s Chief Executive Officer Mike Henry.

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While certain unique factors have led European steelmakers to make faster plans to carbon neutrality, China may be at a disadvantage in the global race to remove carbon from heavy industry because its blast furnaces are younger and not due for retirement anytime soon, Henry said in remarks prepared for delivery at the China Development Forum in Beijing on Sunday.

Steel making accounts for roughly 8% of global carbon dioxide emissions. China produces approximately 50% of the world’s steel, with a goal to replace 15% of its output with electric arc furnaces by 2025.

Europe is replacing its traditional coal-fired blast furnaces with electric arc furnaces and recycling vast reserves of scrap steel, Henry said. China however is continuing to add steel on a net basis, meaning the availability of scrap is low.

“Given younger, less carbon intensive blast furnaces, and less scrap availability, Chinese steelmakers are understandably looking at continuing to use these assets rather than replacing them earlier than otherwise would be the case,” the top executive of the world’s biggest miner said.

Manufacturers in China are showing their commitment by using technologies such as hydrogen injection, and carbon capture, utilization and storage to offset rising amounts of greenhouse gas emissions, he said, adding BHP is supporting such efforts through several partnerships.

“China’s willingness to open up to the world, and the world’s willingness to work with China” is integral to the future of energy, he said.

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REE Automotive Ltd.

TEL AVIV, Isreal, March 22, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platforms, will release its fourth quarter and fiscal year 2023 financial results before market open on Wednesday, March 27, 2024.

A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company’s financial results for the fourth quarter and fiscal year 2023, discuss recent events and conduct a question-and-answer session.

The live webcast of the conference call can be accessed on the Investors section of the Company’s website at investors.ree.auto. Click here for webcast URL.

The conference call will be accessible domestically or internationally by pre-registering at investors.ree.auto. Upon registering, each participant will be provided with a Participant Dial-in Number, and a unique PIN. For the telephone conference online registration click here.

About REE AutomotiveREE Automotive (Nasdaq: REE) is an automotive technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete design freedom, vehicles Powered by REE® are equipped with the revolutionary REEcorner®, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. As the first company to FMVSS certify a fully by-wire vehicle in the U.S., REE’s proprietary by-wire technology for drive, steer and brake control eliminates the need for mechanical connection. Using four identical REEcorners® enables REE to make the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low TCO, and drastically reduce the time to market for fleets looking to electrify. To learn more visit www.ree.auto.

Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com

Investor ContactKamal HamidVP Investor Relations | REE Automotive+1 303-670-7756investors@ree.auto

Caution About Forward-Looking StatementsThis communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses the expected timing of the release of financial statements. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE’s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE’s expectation for growth, and its future results, operations and financial performance and condition.

These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq’s minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the COVID-19 pandemic, interest rate changes, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 28, 2023 and in subsequent filings with the SEC.

BHP Group Limited

SASKATOON, Saskatchewan, March 19, 2024 (GLOBE NEWSWIRE) — BHP and the Saskatoon Food Bank and Learning Centre (SFBLC) are pleased to announce a $500,000 donation from BHP to SFBLC’s Plant Possibility Campaign. The donation will support a new food warehouse and learning campus, as the SFBLC expands to meet the city’s increasing need for safe, affordable and nutritious food. Poverty and hunger are overwhelming realities for the people turning to the SFBLC each month. In the last ten years, Saskatoon’s food bank has increased from 12,000 to as many as 23,000 people served each month, 40 per cent of which are children.

SFBLC currently operates out of inefficient, aging buildings that require expensive upgrades to operate more effectively. Patch-work repairs have been made over recent years, but SFBLC can no longer delay the need to find a new and functional home and have turned to the community to help raise the funds for an expanded space and purpose-built operations tailored to the communities’ needs.

BHP’s half a million-dollar investment will help the SFBLC to transform the model of service delivery in our community. It will go towards optimizing operations, increase the quality and quantity of healthy foods available, expand food distribution and allow the SFBLC to serve all 36 food banks in the province.

“BHP’s investment will have a transformative impact, today and tomorrow by ensuring hungry people will be fed,” said Laurie O’Connor, Executive Director of SFBLC. “Together we are shifting what is possible, and we thank you for your belief in what we do and for your support — a true reflection of the spirit, resilience, and values of Saskatchewan people.”

"We’ve all felt the rising costs of living, and the Saskatoon Food Bank & Learning Centre provides important access to healthy, nutritious food and vital support services that help people get back on their feet, allowing them to not only survive, but thrive," said Karina Gistelinck, Asset President Potash. “Through our investment, BHP is thrilled to support the new food warehouse as well as innovative employment and nutritional education programs that support long-term positive outcomes.”

Since 2015, BHP has contributed over $50 million to community organizations and initiatives in Saskatchewan. These contributions are driven by BHP’s fundamental belief that success is achieved through community partnerships that create lasting mutual benefit.

ABOUT SASKATOON FOOD BANK & LEARNING CENTREThe Saskatoon Food Bank & Learning Centre is committed to ensuring a food secure community where all people have access to safe, affordable, and nutritious food and believe it’s important to address the underlying issues contributing to hunger and poverty in our community. The Learning Centre offers various learning, self-help, and life skills programs that are supportive of learning needs and aspirations within a family-oriented, empowering, and self-directed environment.

ABOUT BHPBHP is a global resources company with its Canadian operational headquarters in Saskatoon, Saskatchewan and global business development headquarters in Toronto. BHP has a global workforce of approximately 80,000 people working in locations across Canada, Australia, Asia, the UK, US and Latin America. BHP produces commodities essential for global decarbonization, economic development and food security including copper, nickel, iron ore, metallurgical coal and is developing the Jansen potash project in Saskatchewan, Canada. Further information on BHP can be found at: bhp.com

MEDIA INQUIRIES

Saskatoon Food Bank & Learning CentreLaurie O’ConnorExecutive DirectorSaskatoon Food Bank & Learning Centre306.370.6998

BHPMegan HjulforsMedia RelationsBHP403.605.2314

Vancouver, British Columbia–(Newsfile Corp. – March 18, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") announces that, effective March 15, 2024, Jim Rondeau has stepped down from the Flying Nickel board of directors (the "Board") due to time constraints arising from other commitments. The Board wishes to thank Mr. Rondeau for his valuable contributions to the Company.

Mr. Rondeau was the director nominee of Norway House Cree Nation ("NHCN") pursuant to the Impact and Benefits Agreement with the Company dated effective March 3, 2023. NHCN has been requested to provide the name of its new director nominee to Company. Further details will be announced in due course.

About Flying Nickel

Flying Nickel Mining Corp. is a nickel sulphide mining and exploration company advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John LeeChief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR ‎DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202079

VANCOUVER, BC, March 18, 2024 /CNW/ – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") provides this default announcement indicating Eastplats' potential delay in filing its annual financial statements for the year ended December 31, 2023 and related management discussion and analysis and certifications (collectively, the "Financial Statements"), the annual information form for the fiscal year ended December 31, 2023, and the CEO and CFO certificates relating to the Financial Statements (the "Required Filings") beyond the prescribed filing deadlines.

The Company's potential delay in filing its Required Filings on time is due to the following circumstances:

• On or about April 24, 2023, the Company received unproven whistleblower allegations, including allegations of undisclosed related party transactions pertaining to the sale of chrome concentrate at discounted prices (the "Allegations"). The board of directors of the Company (the "Board") determined that it was in the best interests of the Company to form a special committee (the "Committee") consisting of two independent directors, George Graham Dorin and Xin (Alex) Guan, responsible for conducting an investigation, review and analysis of the Allegations. On or about December 11, 2023, the Committee completed its investigation. With assistance from independent counsel engaged and a third-party e-discovery specialist to assist with the investigation, the Committee found the Allegations advanced by the whistleblowers to be unsubstantiated. As a result, the auditors did not accept an audit continuance engagement by the Company until such investigation was complete and its conclusions announced. Since December 2023, the Company's management, together with its audit committee, has cooperated with its auditors to complete the Required Filings as soon as possible.

Considering the foregoing factors, the present circumstances warrant the imposition of a management cease trade order ("Management CTO"), rather than a cease trade order ("CTO"), as contemplated under National Policy 12-203 – Cease Trade Order Orders for Continuous Disclosure Defaults ("NP 12-203"). The Company has applied for a Management CTO, however there is no assurance that it will be granted.

Eastplats' Required Filings are required to be filed within two months of the prescribed filing deadline of April 2, 2024. Eastplats' failure to file such within this two-month period may result in the securities commissions or regulators imposing an Issuer Cease Trade Order.

The Company proposes to remedy the default by diligently working with its auditor to ensure the filing of its Required Filings as soon as possible. Eastplats expects to be in a position to issue and file the Required Filings by no later than April 30, 2024.

Eastplats therefore fully expects to file its Required Filings prior to the end of the additional one month period as prescribed by NP 12-203. Further, Eastplats has confirmed that it intends to satisfy the provisions of the alternative information guidelines described in sections 9 and 10 of NP 12-203 for so long as it remains in default for failure to file the Required Filings.  Should Eastplats fail to file the appropriate Default Status Reports as prescribed by NP 12-203, the securities commissions or regulators may, as a result of such failure, impose an Issuer Cease Trade Order.

The Company confirms that it is not subject to any insolvency proceeding as of the date hereof. Eastplats also confirms that there is no other material information concerning the affairs of Eastplats that have not been generally disclosed as of the date herein.

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/18/c2533.html

REE Automotive Ltd.

REE Automotive P7-C

REE’s zero-emission, software-driven commercial EV will be on display, showcasing to investors the company’s unique value proposition for the North American market

– REE’s zero-emission, software-driven commercial EV will be on display, showcasing to investors the company’s unique value proposition for the North American market- Carlton Rose, REE's chairman of the board, will speak on a panel discussion around sustainability and the future of zero emission trucking on Monday, March 18 at noon PT- REE Co-Founder and CEO Daniel Barel will participate in a fireside chat on Tuesday, March 19 at 1 p.m. PT

DANA POINT, Calif., March 14, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, will present at the 36th Annual Roth Conference in Dana Point, Calif., March 17-19 (“the Roth Conference”). The company will showcase its electric vehicle technology – the REEcorner® and display it’s P7-C vehicle part of a demo program, the first U.S. FMVSS certified full by-wire vehicle.

“At the Roth Conference, we are welcoming the investment community to learn more about REE and how we plan to power the zero-emission future,” said Daniel Barel, CEO and co-founder of REE Automotive. “We believe that we are unlike anything commercially available today, with our IP-protected REEcorner technology designed to allow our vehicles to deliver greater efficiency and flexibility, and makes them autonomous ready. We are seeing strong market demand as we continue to grow our order book and expand dealership network across North America. We are doing this while at the same time built for strong unit economics with modest capital needs by focusing on our core competencies.”

REE will display its P7-C chassis cab upfitted with a Knapheide KUVcc body – the world’s first FMVSS certified, software-driven, fully by-wire electric demo vehicle – at the Roth Conference, Ritz-Carlton, Laguna Niguel.

REE leadership will participate in two speaking engagements:

EV Trucking; Industry Oracles Give the Commercial Perspective Panel Participants: Carlton Rose, REE chair of the board and former UPS global fleet manager; Ryan Pritchard, chief revenue officer of Pritchard EV; Date: Monday, March 18 Time: 12 p.m. PTLocation: The Ritz-Carlton, Laguna Niguel in Salon 3 Webcast link

Fireside Chat with REE CEO and Co-founder Daniel BarelDate: Tuesday, March 19 Time: 1 p.m. PTLocation: The Ritz-Carlton, Laguna Niguel in Salon 3

To schedule a 1-1 meeting with REE’s management team while at the conference, contact ir@ree.auto.

To learn more about REE Automotive’s patented technology and unique value proposition that positions the company to break new ground in e-mobility, visit www.ree.auto.

About REE AutomotiveREE Automotive (Nasdaq: REE) is an automotive technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete design freedom, vehicles Powered by REE® are equipped with the revolutionary REEcorner®, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. As the first company to FMVSS certify a fully by-wire vehicle in the U.S., REE’s proprietary by-wire technology for drive, steer and brake control eliminates the need for mechanical connection. Using four identical REEcorners® enables REE to make the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low TCO, and drastically reduce the time to market for fleets looking to electrify. To learn more visit www.ree.auto.

About ROTH MKMROTH MKM is a relationship-driven investment bank focused on serving growth companies and their investors. Their full service platform provides capital raising, high impact equity research, macroeconomics, sales and trading, technical insights, derivatives strategies, M&A advisory, and corporate access. Headquartered in Newport Beach, California, ROTH MKM is a privately-held, employee owned organization and maintains offices throughout the U.S. For more information, please visit www.roth.com.

Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com

Investor ContactKamal HamidVP Investor Relations | REE Automotive+1 303-670-7756investors@ree.auto

Caution About Forward-Looking StatementsThis communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it states its belief that it is unlike anything commercially available today and that it is seeing strong market demand as it continues to grow its order book and expand dealership network across North America. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE’s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE’s expectation for growth, and its future results, operations and financial performance and condition.

These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq’s minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the COVID-19 pandemic, interest rate changes, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 28, 2023 and in subsequent filings with the SEC.

A photo accompanying this announcement is available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/6c67eed5-f56e-434a-b1d1-7f473ac5720f