CNX earnings call for the period ending September 30, 2021.

With me today are President and CEO, Jim Grech and CFO, Mark Spurbeck. Peabody had a very good third quarter with our results benefiting from current robust global coal market dynamics. Strong operational performance, coupled with increased seaborne pricing and global demand yielded quarterly results we have not seen since 2018.

These are the top dividend stocks in the Russell 1000 with the highest forward dividend yield for November.

These are the consumer staples stocks with the best value, fastest growth, and most momentum for November 2021.

Based on the approval process of a similar development across town, it could be a long time before dirt is turned on this project.

TECK earnings call for the period ending September 30, 2021.

DALLAS, TX / ACCESSWIRE / October 28, 2021 / Eastern Platinum Limited (TSX:ELR): The full report can be accessed by clicking on the following link: http://stonegateinc.com/reports/ELR Initiation.pdf

COMPANY DESCRIPTION

Eastern Platinum Limited, together with its subsidiaries, engages in the mining, exploration, and development of platinum group metal (PGM) and chrome properties in South Africa. The Company's PGM deposits include platinum, palladium, rhodium, iridium, and ruthenium. The Company has four properties that include its principal asset the Crocodile River Mine ("CRM"), the Kennedy's Vale project, the Mareesburg project, and the Spitzkop project. Currently, the Crocodile River Mine is generating revenue via its chrome and PGM productions by processing the CRM tailings resources. All projects are in South Africa, with the Company headquartered in Vancouver, BC Canada.

SUMMARY

• Recent transition from care & maintenance to revenue generation – The Company started to generate revenue from its Retreatment Project in December 2018. This comes after the Company's operations were placed in care and maintenance: CRM in 2013 and Mareesburg, Kennedy's Vale, and Spitzkop in 2012. The Retreatment Project is at the Crocodile River Mine and includes a combined hydro and mechanical re-mining method of prior tailings to produce chrome concentrates. During 2019, the Company ramped up its production and produced 588,006 tons of chrome concentrate followed by 987,003 in F20 and 427,389 for the YTD Q2 2021 period. The Retreatment Project is expected to continue until 2024.

• PGM revenue stream online in early F21 – During 2020, the Company completed the refurbishment of a small-scale PGM circuit, referred to as "PGM Circuit D." Operations began in Q4 2020 by processing parts of feed from chrome tails. Following further optimization in Q1 2021, Circuit D produces approximately 200 tons of PGMs per month from April onwards. PGM Main Circuit B is expected to commission in October 2021. The Company estimates Circuit B can add around 600 tons of PGM concentrate per month to production for a total of 800 tons of PGM concentrate per month by Q1 2022.

• Potential restart of underground mining – While the Crocodile River underground mine has remained in care and maintenance since 2013, the Company is looking to re-open the mine. Long-term planning and mine design studies are underway and are expected to be completed in Q4 2021. Results are expected to help the Company determine the timing of the mine re-opening. Importantly, the mine is fully permitted and has a mine life of 27 years.

• Additional opportunities in the pipeline – The Company believes the Mareesburg deposit could support a mine that could be placed into production relatively quickly and with a relatively low capital cost. Lastly, the Company has Kennedy's Vale and the Spitzkop project, which are early stage, exploration opportunities.

• Liquidity to help fund expansion plans – Eastern Platinum raised CDN$11.8M in January 2021 via a rights offering. Importantly, the funding helped support current and future capital projects that include the optimization of the PGM Circuit, mine design and long-term mining plan for underground mining at the Crocodile River Mine, along with other development opportunities. Additionally, the Company is expecting its Maroelabult property sales to close in Q4 2021 and raise ~ US$1.4M.

• Valuation – On an enterprise value to resources basis, Eastern Platinum trades at a significant discount to other platinum mining and exploration companies. With current revenue generation from its retreatment project expected to continue to ~2024, an expected ramp-up in PGM revenue in 2021, along with the potential to restart the Crocodile River underground mine in the near future, we would expect some of the discount to diminish.

About Stonegate Capital Partners

Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.

CONTACT:

Stonegate Capital Partnersinfo@stonegateinc.com(214) 987-4121

SOURCE: Stonegate Capital Partners

View source version on accesswire.com: https://www.accesswire.com/670074/Stonegate-Capital-Partners-Initiates-Coverage-on-Eastern-Platinum-Limited-TSXELR

As we begin, please note that the information provided during this call will contain forward-looking statements. Relevant factors that could cause actual results to differ materially from any forward-looking statements are included in the earnings release and in our SEC filings. The company does not undertake to update any of the forward-looking statements made today.

Gold has long been regarded as a safe haven in times of market turmoil. Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. Some of the major players in the gold industry include Canada-based Franco-Nevada Corp.

By Dhirendra Tripathi

Investing.com – ADRs of Shell (NYSE:RDSa) rose 3.5% on Wednesday after a report in The Wall Street Journal that Third Points owns stake worth more than $500 million in the company and is pushing it to split.

The Journal reported that the activist hedge fund wants the company to carve its business into two – one running the legacy operations of oil and gas exploration and the other focused on renewables that need heavy investments.

Oil majors such as Shell, Exxon-Mobile and Chevron (NYSE:CVX) face increasing pressure from investors and green activists to reduce their dependence on fossil-fuel based business and disclose a clear roadmap to achieve the same. European companies like Shell have been quicker to respond compared to their American peers.

With ESG now at centerstage in most countries and corporate boardrooms, companies not doing so are having a tough time answering governments, regulators and activists.

Under a deal disclosed in August, BHP (NYSE:BHP) is handing over all its oil and gas assets to Woodside (OTC:WOPEY) Petroleum (ASX:WPL) against an equity stake in the Australian company. The deal doesn’t mark a clean departure for BHP from fossil fuels but at least reflects the pressure on such companies to take steps reflecting their commitment to the cause.

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Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

Given this risk, we thought we'd take a look at whether Venture Minerals (ASX:VMS) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Venture Minerals

Does Venture Minerals Have A Long Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at June 2021, Venture Minerals had cash of AU$9.5m and no debt. Looking at the last year, the company burnt through AU$11m. Therefore, from June 2021 it had roughly 10 months of cash runway. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. Importantly, if we extrapolate recent cash burn trends, the cash runway would be noticeably longer. The image below shows how its cash balance has been changing over the last few years.

How Is Venture Minerals' Cash Burn Changing Over Time?

Whilst it's great to see that Venture Minerals has already begun generating revenue from operations, last year it only produced AU$6.2k, so we don't think it is generating significant revenue, at this point. Therefore, for the purposes of this analysis we'll focus on how the cash burn is tracking. The skyrocketing cash burn up 185% year on year certainly tests our nerves. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Admittedly, we're a bit cautious of Venture Minerals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Venture Minerals Raise More Cash Easily?

Since its cash burn is moving in the wrong direction, Venture Minerals shareholders may wish to think ahead to when the company may need to raise more cash. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Venture Minerals' cash burn of AU$11m is about 17% of its AU$66m market capitalisation. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.

Is Venture Minerals' Cash Burn A Worry?

On this analysis of Venture Minerals' cash burn, we think its cash burn relative to its market cap was reassuring, while its increasing cash burn has us a bit worried. Looking at the factors mentioned in this short report, we do think that its cash burn is a bit risky, and it does make us slightly nervous about the stock. Separately, we looked at different risks affecting the company and spotted 6 warning signs for Venture Minerals (of which 2 shouldn't be ignored!) you should know about.

Of course Venture Minerals may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

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.

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

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – The board of International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC"), is pleased to announce the further expansion of its Raleigh Lake lithium and rubidium project in Ontario, Canada where it now has claims totalling 27,000 hectares (270 square kilometres), an increase of 10,000 hectares from the previously announced 17,000 hectares and from 3,000 hectares when ILC's drilling began in April 2021. At the same time the Company and its partner Essential Metals Limited (ASX:ESS, "ESS") have announced their divestment of 100% of the Mavis Lake Project in Ontario through the granting of an option to Critical Resources Limited (ASX:CRR).

Further detailed announcements will be made in respect of Raleigh Lake and the neighbouring new claims, but we can disclose now that multiple new pegmatites were discovered in October 2021 including on some of the new claims. We will make further announcements when laboratory analysis has been carried out. The board remains excited about the potential of this project.

The Mavis Lake sale will, if the option is exercised, realise AUD$ 3.2m in cash & shares (approx. CAD$ 2.952m at an exchange rate of CAD$=AUD$ 1.0840) with a possible further AUD$ 3.0m (CAD$ 2.768m) of cash linked to resource discovery milestones. ILC will, on option exercise, receive exactly 50% of these proceeds, i.e. approximately CAD$ 1.476m with a possible further CAD $1.384m linked to resource discovery milestones.

Key transaction details of the sale of Mavis Lake (including Fairservice) are as follows:

a) Critical Resources will pay AUD$ 175,000 to purchase the option to acquire the Project with the option exercisable by 4 January 2022 upon completion of due diligence and the fulfilment of certain conditions precedent. Upon exercising the option, Critical Resources will pay/issue the following:

• AUD$1,500,000 cash; and

• 68 million shares in Critical Resources at a price of AUD$ 0.022 per share (with a deemed value of AUD$ 1.5 million).

b) ESS and ILC will share the proceeds equally. ESS will, if the option is exercised, give up its rights to acquire a further 29% of the project, while ILC will also give up its 1.5% NSR.

c) In addition, milestone payments totalling AUD$3.0 million will be payable on the definition of a lithium resource as follows

• AUD$1.5m on definition of a mineral resource estimate exceeding 5m tonnes of which at least 50,000 tonnes of Li₂O using a cut-off grade of 0.4%.

• A further AUD$ 1.5m on definition of a resource exceeding 10m tonnes of which at least 100,000 tonnes of Li₂O using a cut-off grade of 0.4% or, in case both milestones are defined at the same time, AUD$3.0m in total.

ESS and ILC will share the proceeds equally.

d) If CRR were to complete its purchase but then sell or joint venture the Mavis Lake claims in future, then any further milestone payment obligations would pass to any future owner of the claims.

e) ILC and ESS will have a right of first refusal to buy the claims back if CRR had not achieved and made additional payment for the first additional payment milestone.

Mavis Lake is a joint venture with Essential Metals Limited (ASX:ESS, "ESS")) in which ILC has for the last three years owned 49% and ESS 51%, with ILC having an additional 1.5% Net Smelter Royalty. The Mavis Lake claims and mining leases are around 2,600 hectares. By spending CAD$ 8.5m, ESS would have acquired the right to increase its stake in Mavis Lake to 80%. It seemed unlikely that ESS were going to prioritise this spending in the near future, preferring to focus on their Australian projects, and therefore the two parties looked at other strategic options, including ILC buying ESS out as it had the right to do. Critical Resources Ltd. (ASX:CRR) emerged as the preferred buyer.

John Wisbey, Chairman and CEO of International Lithium Corp. commented:

We have a strong commitment to growing our position in the lithium and rare metals market, so it is ironic that we are announcing our second disposal in a week – Mavis Lake optioned out, and our stake in Mariana sold. We are however at the same time increasing our claims in Ontario appreciably at Raleigh Lake and the wider Ignace area where we have now increased the size of our claims to 27,000 hectares. Many new pegmatites have recently been revealed at these claims and we will be doing a lot of further exploration and drilling to validate the scale of our discovery there over the next few months. Focus is important, and we decided that it was better for ILC to concentrate its efforts in Ontario on our key and wholly owned project there Raleigh Lake rather than also paying to regain 100% of Mavis Lake.

About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in this decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian Raleigh Lake property is strategic in that respect.

A key goal has been to become a well funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021, the Board of the Company believe that ILC is already well placed in that respect. The disposal of Mavis Lake, assuming the option is exercised as planned, will add useful further liquidity.

International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock Exchange (ASX:ESS).

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on identifying additional properties.

The Raleigh Lake project now consists of 27,000 hectares (270 square kilometres) of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration results there so far, which are on only about 5% of ILC's current claims, has shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

Complementing the Company's rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

The ownership of the Mavis Lake project is currently 51% Essential Metals Limited (ASX: ESS, "ESS") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC. Mavis Lake is now under option until January 2022 to Critical Resources Ltd. (ASX:CRR) to buy 100% at which point ILC's NSR would also be surrendered. If exercised, that option will bring the Company approximately CAD$1.4m of cash and shares in CRR, with upto a further CAD$1.4m if certain resource targets are achieved by CRR. If CRR were to complete its purchase but then sell or joint venture the Mavis Lake claims in future, this further payment obligation would pass to any future owner of the claims. ILC and ESS would have a right of first refusal to buy the claims back if CRR had not achieved and made additional payment for the first additional payment milestone.

The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources (TSXV: ULT), and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $ 10 million expenditures on exploration activities by September 2024 or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC. In the event that ILC does not contribute to the project after that, and its share consequently falls below 10% of the project, its share will be substituted by a 1% NSR.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

Patrick McLaughlin, P. Geo., a Qualified Person as defined by NI 43-101, has verified the disclosed technical information and has reviewed and approved the contents of this news release.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520

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

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Avalonia projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100705

Oct 25 (Reuters) – Mineral Resources Ltd will restart operations at the Wodgina lithium mine it owns with Albemarle Corp next year, the Australian miner said on Monday, on improving demand for the metal used in making electric vehicle (EV) batteries.

Lithium prices have soared to more than three-year highs https://www.reuters.com/business/autos-transportation/surge-electric-vehicle-sales-power-lithium-prices-shortages-loom-2021-09-13, as the green transition is set to see a surge in demand for electric vehicles.

The mine in Western Australia's Pilbara region has a capacity to process 750,000 tonnes per year of spodumene concentrate, a mineral from which lithium is extracted, but has been idle since November 2019 when the lithium market was weak.

The production would restart in the third quarter of 2022 initially, with one of the three 250,000 tonnes per year processing lines, and the other two coming online as demand rises, Mineral Resources said.

Shares of Mineral Resources, which also mines iron ore, surged as much as 7.2% in early trade, their sharpest rise since April this year.

Albemarle owns 60% of the Wodgina mine with Mineral Resources holding the rest.

(Reporting by Riya Sharma in Bengaluru, additional reporting by Nikhil Kurian Nainan; Editing by Rashmi Aich)

A look at the shareholders of EMX Royalty Corporation (CVE:EMX) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

EMX Royalty is not a large company by global standards. It has a market capitalization of CA$340m, which means it wouldn't have the attention of many institutional investors. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about EMX Royalty.

View our latest analysis for EMX Royalty

What Does The Institutional Ownership Tell Us About EMX Royalty?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that EMX Royalty does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at EMX Royalty's earnings history below. Of course, the future is what really matters.

We note that hedge funds don't have a meaningful investment in EMX Royalty. SSR Mining Inc. is currently the company's largest shareholder with 14% of shares outstanding. With 9.2% and 4.0% of the shares outstanding respectively, Paul Stephens and Stephens Investment Management, LLC are the second and third largest shareholders. Furthermore, CEO David Cole is the owner of 2.7% of the company's shares.

A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time.

Insider Ownership Of EMX Royalty

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

It seems insiders own a significant proportion of EMX Royalty Corporation. Insiders own CA$44m worth of shares in the CA$340m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

General Public Ownership

The general public, with a 49% stake in the company, will not easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Public Company Ownership

We can see that public companies hold 12% of the EMX Royalty shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand EMX Royalty better, we need to consider many other factors. Take risks for example – EMX Royalty has 1 warning sign we think you should be aware of.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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.

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

VANCOUVER, BC, Oct. 25, 2021 /CNW/ – Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V).

Rock Tech Lithium Inc., together with GP Papenburg Entsorgung Ost GmbH and Knauf KG, have founded the Institute for Technologies and Economics of Lithium ("ITEL"). The ITEL is managed as a registered limited liability company by Professors Ulrich Blum and Ralf B. Wehrspohn of Martin Luther University Halle-Wittenberg as managing directors.

The ITEL is located in Halle an der Saale in Saxony-Anhalt. The institute aims to shape the interdisciplinary, CO2-neutral recycling economy for lithium in Germany. The switch to electromobility will make Germany the central location for battery production in Europe and thus also for the production of the crucial precursor lithium hydroxide. The reduction and reuse of the by-products generated during the refinement of lithium is the focus of the institute's work. Another focus is research into new production steps to optimize by-product value creation.

Dirk Harbecke CEO and Chairman of Rock Tech Lithium: "We at Rock Tech Lithium have already piloted a new refining process. Our nitrate process, produces very interesting by-products for the gypsum industry. With this institute we want to think further in this direction and it is part of our plan to become the first closed-loop lithium company in the world. In this context, the institute is a central building block in our sustainability strategy, which is not only about recycling our end product, but also about recycling all the materials that arise on the way to lithium hydroxide and setting up our production process in such a way that by-products of the highest possible reusability are generated in the process."

"In times of dwindling resources, greater sensitivity to the issue of recycling is essential. Here, the aspect of resource economics is gaining in importance, especially the optimal reuse of by-products," said Prof. Dr. Dr. h.c. Ulrich Blum of Martin Luther University Halle-Wittenberg.

"The institute has a unique selling point in the German research landscape: a corresponding facility currently exists neither close to science nor as a cooperative project of industry. From our point of view, the cooperation promises high chances for a technological lead in Germany," concludes Prof. Dr. Ralf B. Wehrspohn from Martin Luther University Halle-Wittenberg.

The institute consists of three departments: In addition to the "Material Economics" department, which is primarily dedicated to byproduct value creation, the "Green Hydrogen" department is working on CO2-neutral production, and the "Recycling and Resources" department is working on optimizing refinery processes.

About Rock Tech Lithium Inc.

Rock Tech Lithium is a cleantech company with operations in Canada and Germany that aims to supply the automotive industry with high quality lithium hydroxide "made in Germany". As early as 2024, the company intends to commission Europe's first lithium converter with a production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

The cleantech company has set itself the goal of creating the world's first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake lithium project in Ontario, Canada and, as early as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.

Rock Tech Lithium is listed on the TSX Venture and Frankfurt stock exchanges. The company is led by Dirk Harbecke, Chairman & CEO, Stefan Krause, Chief Financial Officer, and Don Stevens, Chief Technology Officer and Esther Bahne as Chief Strategy & Marketing Officer.

Rock Tech Lithium – The super fuel for the battery age

www.rocktechlithium.com

On behalf of the Board of Directors,

Dirk Harbecke
Chairman and Chief Executive Officer

Cautionary Note Concerning Forward-Looking Information

The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this news release. Certain information set forth in this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this news release, including those regarding Rock Tech's opinions, beliefs and expectations, business strategy, development and exploration opportunities and projects, mineral resource estimates, drilling and modeling plans, and plans and objectives of management for operations and properties constitute forward-looking information. Generally, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect", "intend", Rock Tech Lithium Inc. 600-777 Hornby Street | Vancouver | British Columbia | Canada | V6Z 1S4 P. +1.778.358.5200 | F. +1.604.670.0033 www.rocktechlithium.com | bbarnett@rocktechlithium.com TSXV: RCK | Frankfurt: RJIB | OTCQX: RCKTF "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. All forward-looking information set forth in this news release are expressly qualified in their entirety by the cautionary statements referred to in this section.

Forward-looking information is based on certain estimates, expectations, analysis and opinions that are believed by management of Rock Tech to be reasonable at the time they were made or in certain cases, on third party expert opinions. It should be noted that, in order to achieve its objectives, Rock Tech will be required to raise additional funding and the availability of financing on satisfactory terms is not guaranteed. This forward-looking information was derived utilizing numerous assumptions regarding, among other things, the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products, expected growth, performance and business operation, prospects and opportunities, general business and economic conditions, results of development and exploration, Rock Tech's ability to procure supplies and other equipment necessary for its business, including development and exploration activities. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect.

Forward-looking information should not be read as a guarantee of future performance or results. In addition, forward-looking information involves known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause Rock Tech's actual events, results, performance and/or achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or achievements to vary materially include the risk that Rock Tech will not be able to meet its financial obligations as they fall due, changes in commodity prices, Rock Tech's ability to retain and attract skilled staff and to secure feedstock from third party suppliers, unanticipated events and other difficulties related to construction, development and operation of converters and mines, the cost of compliance with current and future environmental and other laws and regulations, title defects, competition from existing and new competitors, changes in currency exchange rates and market prices of Rock Tech's securities, Rock Tech's history of losses, impacts of climate change and other risks and uncertainties discussed under the heading "Financial Instruments and Other Risks" in Rock Tech's most recently filed Management Discussion and Analysis, a copy of which is filed electronically through SEDAR and is available online at www.sedar.com. Such risks and uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to vary materially from the forwardlooking information. We cannot assure you that actual events, results, performance and/or achievements will be consistent with the forward-looking information and management's assumptions may prove to be incorrect.

Our forward-looking information reflects Rock Tech management's views as at the date the information is created. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes. Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this news release.

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SOURCE Rock Tech Lithium Inc.

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VANCOUVER, BC, Oct. 25, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX) (OTXQB: FPOCF) ("FPX" or the "Company") is pleased to announce that the Company's common shares commenced trading today on the OTXQB® under the symbol "FPOCF." The Company's common shares are eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States. FPX Nickel will continue to trade on the TSX Venture Exchange under the symbol "FPX."

"We are pleased to begin trading on the OTCQB as a means of enhancing our visibility to prospective U.S. investors," commented Martin Turenne, FPX's President and CEO. "We are confident that this will provide the dual benefits of greater accessibility to an expanding shareholder base in the United States, as well as enabling greater exposure and liquidity as we continue to advance the flagship Baptiste Project at our Decar Nickel District in central British Columbia."

The OTCQB, operated by the OTC Markets Group, is the premier marketplace for early-stage and developing U.S. and international companies. Participating companies must be current in their financial reporting and undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. Current financial disclosures and Real-Time Level 2 quotes for the Company are available at https://www.otcmarkets.com/stock/FPOCF.

DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. Company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible." DTC eligibility simplifies the process of trading and transferring the Company's common shares between brokerages in the U.S. DTC eligibility is expected to create a seamless process of trading and enhance liquidity of the Company's common shares in the U.S. over time.

About the Decar Nickel District

The Company's Decar Nickel District claims cover 245 km² of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia. The District is a two-hour drive from Fort St. James on a high-speed logging road.

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni₃Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling in the first three plus petrographic examination, electron probe analyses and outcrop sampling on all four. Since 2010, approximately US $24 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 82 holes and over 31,000 metres of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit. The Van target was not drill-tested at that time as rock exposure was very poor prior to more recent logging activity.

As reported in the current NI 43-101 resource estimate, having an effective date of September 9, 2020, the Baptiste Deposit contains 1.996 billion tonnes of indicated resources at an average grade of 0.122% DTR nickel, containing 2.4 million tonnes of nickel, plus 593 million tonnes of inferred resources with an average grade of 0.114% DTR nickel, containing 0.7 million tonnes of nickel, both reported at a cut-off grade of 0.06% DTR nickel. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600 or ceo@fpxnickel.com.

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne, President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

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Figure 1

Globex, Rouyn Noranda Area, Quebec, Royalty and Property Holdings

ROUYN-NORANDA, Quebec, Oct. 25, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has acquired a 2% royalty equivalent to a Gross Metal Royalty (GMR) herein called “the RN Mining Camp Royalty” covering a significant length of the Cadillac Break east of Rouyn-Noranda and an additional large block of claims northwest of Rouyn-Noranda (See map attached).

Globex initially entered into discussions with the estates of two well-known and respected prospector/entrepreneurs following the purchase by Globex of the Rouyn Merger Gold Property (see press release dated August 5, 2021) on which a 2% royalty was held by the estates. Globex was successful in acquiring the royalty and thus eliminating it on the 6.5 kilometers of the Cadillac Break, numerous gold occurrences and zones and surrounding rocks which are within the Rouyn Merger property boundary. In the same purchase, Globex acquired royalty interests which extends both east and northwest of the Rouyn Merger property including on the Heva-Hosco Gold Property owned by Hecla Quebec Inc.

This Heva-Hosco property includes the following NI 43-101 gold resources as reported by Hecla Mining Co.:

To the northwest and adjoining to the Rouyn Merger property, an additional large block of claims held by Falco Resources Ltd. is also subject to the 2% royalty, covering, in part, the Horne Creek Fault.

The 2% royalty also applies to a very large block of claims northwest of Rouyn-Noranda covering the gold hosting Flavrian tonalite pluton and basic and felsic volcanic rocks along the western boundary of the pluton, all currently held by Falco Resources Ltd. This royalty area includes numerous showings and drill indicated areas of gold and base-metal mineralization both in the pluton and within the volcanic rocks.

Globex is pleased to have acquired the royalty which was paid for by the issuance of 150,000 Globex shares. Both Falco and Hecla have been notified of Globex’s royalty purchase.

Please see the adjoining map which shows the RN Mining Camp Royalty purchase area outlined in black and other royalties and properties held in the immediate area by Globex.

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

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

A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85bf5c78-5567-48a6-95d0-9fedb47eb487

Energy Fuels Inc. UUUU is anticipated to report a loss when it reports third-quarter 2021 results later this week.

Q3 Estimates

The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $10.5 million, indicating growth of 2,049% from the prior-year quarter. The consensus mark for earnings stands at a loss of 3 cents per share, compared with a loss of 8 cents per share in the year-ago quarter. The estimates have remained stable over the past 30 days.

Q2 Results

In the last reported quarter, Energy Fuels reported revenues of $0.46 million, which improved 15% year over year but missed the Zacks Consensus Estimate. The company reported a second-quarter 2021 loss per share of 7 cents, wider than the Zacks Consensus Estimate of a loss per share of 4 cents. The uranium mining company had reported a loss of 8 cents in the second quarter of 2020.

The company has a trailing four-quarter negative earnings surprise of 43.7%, on average.

Energy Fuels Inc Price and EPS Surprise

Energy Fuels Inc price-eps-surprise | Energy Fuels Inc Quote

Factors to Note

Energy Fuels has strategically opted not to enter into any uranium sales commitments in 2021. Consequently, its uranium production is expected to be added to existing inventories, which were anticipated to total around 691,000 pounds at 2021-end. The company intends to hold this inventory until prices for uranium go up significantly. It is also holding on to its vanadium until spot prices spike from current levels. It expects to sell finished vanadium products when justified to the metallurgical industry, and other markets that demand a higher-purity product, including the aerospace, chemical, and potentially the vanadium battery industries.

Meanwhile, the company has been pursuing new sources of revenues, including its emerging REE business, and new sources of alternate feed materials and alternative fee processing opportunities at the White Mesa Mill that can be processed under existing market conditions (i.e., without reliance on current uranium sales prices). It has also been seeking new sources of natural monazite sands for its emerging rare earth business, and continues to support the U.S. governmental activities to assist the U.S. uranium mining industry, including the proposed establishment of a U.S. Uranium Reserve.

In September, the company announced that approximately 15 containers of RE (rare earth) Carbonate (300 ton of product) produced at the White Mesa Mill are being shipped to Europe where it will be processed into separated rare earth oxides and other value-added RE compounds. This creates a new U.S. to Europe RE supply chain along with new opportunities and financial benefits. Energy Fuels is the first U.S. company to produce a marketable mixed REE concentrate ready for separation on a commercial scale.

Energy Fuel’s revenues for the quarter to be reported are likely to reflect fees for ore received from a third-party uranium mine. On Oct 6, 2020, the company announced that it has repaid all of its debt — achieving debt free status for the first time since 2012. This is likely to have reduced interest expenses and thereby, might have favored margins in the third quarter. The company’s ongoing efforts to lower costs are likely to get reflected in the third-quarter bottom line.

What the Zacks Model Unveils

Our proven model does not conclusively predict an earnings beat for Energy Fuels this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: The Earnings ESP for Energy Fuels is 0.00%.

Zacks Rank: The company currently carries a Zacks Rank #3.

Price Performance

Image Source: Zacks Investment Research

Energy Fuel’s shares have soared 444.8% in the past year compared with the industry’s rally of 64.4%.

Stocks Poised to Beat Estimates

Here are some Basic Materials stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases.

Teck Resources Ltd TECK has an Earnings ESP of +9.68% and a Zacks Rank of 1, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

Olin Corporation OLN, a Zacks #1 Ranked stock, has an Earnings ESP of +5.79%.

Celanese Corporation CE has a Zacks Rank #2 and an Earnings ESP of +3.14%, at present.

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

Energy Fuels Inc (UUUU) : Free Stock Analysis Report

Celanese Corporation (CE) : Free Stock Analysis Report

Olin Corporation (OLN) : Free Stock Analysis Report

Teck Resources Ltd (TECK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations

NEW YORK, Oct. 25, 2021 /PRNewswire/ — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Uranium, Strategic and Precious Metals Investor Conference are now available for on-demand viewing.

REGISTER OR LOGIN NOW TO VIEW THE PRESENTATIONS: https://bit.ly/3m221x1

The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the "virtual trade booth" for the next three weeks.

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.

A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.

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SOURCE VirtualInvestorConferences.com

Q3 2021 Trading Update – Record quarterly portfolio contribution

LONDON, UK / ACCESSWIRE / October 25, 2021 / Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE:APF, TSX:APY), issues the following trading update for the period 1 July to 25 October 2021. Unless otherwise stated, all unaudited financial information is for the quarter ended 30 September 2021.

Highlights

* Following the application of IFRS 9, the royalties received from EVBC are reflected in the fair value movement of the underlying royalty rather than recorded as royalty income.

• Portfolio contribution of $23.6m in Q3 2021 – the highest individual quarter in the Company's history

• Portfolio contribution in the quarter was 180% higher than Q3 20 and also ahead of that generated in the first six months of 2021

• Results benefitted from very high coking coal prices being captured at Kestrel during the third quarter, resulting in revenue of $11.7m

• Current coking coal spot prices are ~US$390/t, significantly ahead of the average for Q3 21, suggesting an even stronger quarter to come in Q4

• Cobalt prices were also higher during the third quarter, resulting in a net contribution of $5.2m from Voisey's Bay – and with spot prices in excess of US$27/lbs, the outlook for the remainder of the year looks promising

• Solid performance from the Group's Maracás Menchen, Mantos Blancos and EVBC royalties in the third quarter – with possible volume upside to come in the final quarter

• Further well documented production and quality issues at Narrabri, impacting revenue in the third quarter

• Strength of portfolio contribution generated in Q3 21 resulted in the Group's leverage ratio dropping below 2x at the end of the third quarter

Julian Treger, Chief Executive Officer of the Company, commented:

"We are delighted to announce a record quarter of portfolio contribution from our royalty and streaming assets.

Having lagged the broader commodity basket, coking coal prices began to rebound significantly at the beginning of the third quarter, averaging around $210/t for the period in which our Q3 royalty was payable. Prices have continued to increase since and are now at ~$390/t which suggests that the fourth quarter could provide a very strong finish to the year for the Group.

Elsewhere, we were pleased with the performance from Voisey's Bay, which has also benefitted from a higher cobalt price environment than what we anticipated for H2 21 at the time of the acquisition. Overall cobalt prices have increased by 13% since we acquired the stream.

The portfolio contribution from the third quarter has enabled the Group to meaningfully de-lever during the fourth quarter, with our leverage ratio now under 2x. The Group has ~$36m available under its existing credit facility and ~$9m of shares held in treasury, along with our remaining stake in LIORC valued at ~$30m providing ~$75m in financing flexibility, not including the ~$13m to be received in instalments over the next 18 months following the sale of the Narrabri royalty.

Following the recent announcement of the sale of our thermal coal royalty, we continue to pursue our strategy of increasing our exposure to commodities that support a more sustainable world and expect the contribution from coking coal related assets to reduce to ~8% of Group's total portfolio contribution by 2025. To this end we are actively evaluating opportunities and are confident in our pipeline and ability to further diversify the business. We remain positive going into Q4 with the strong commodity fundamentals seen recently, looking broadly sustainable as well as strong volume performance expected from the portfolio."

For further information:

Notes to Editors
About Anglo Pacific
Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

Cautionary statement on forward-looking statements and related information
Certain statements in this announcement, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the Group's expectations and views of future events. Forward-looking statements (which include the phrase 'forward-looking information' within the meaning of Canadian securities legislation) are provided for the purposes of assisting readers in understanding the Group's financial position and results of operations as at and for the periods ended on certain dates, and of presenting information about management's current expectations and plans relating to the future. Readers are cautioned that such forward-looking statements may not be appropriate other than for purposes outlined in this announcement. These statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, cash flow, requirement for and terms of additional financing, performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of the Group including the outlook for the markets and economies in which the Group operates, costs and timing of acquiring new royalties and making new investments, mineral reserve and resources estimates, estimates of future production, production costs and revenue, future demand for and prices of precious and base metals and other commodities, for the current fiscal year and subsequent periods.

Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects', 'anticipates', 'plans', 'believes', 'estimates', 'seeks', 'intends', 'targets', 'projects', 'forecasts', or negative versions thereof and other similar expressions, or future or conditional verbs such as 'may', 'will', 'should', 'would' and 'could'. Forward-looking statements are based upon certain material factors that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by the Group in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. The material factors and assumptions upon which such forward-looking statements are based include: the stability of the global economy; the stability of local governments and legislative background; the relative stability of interest rates; the equity and debt markets continuing to provide access to capital; the continuing of ongoing operations of the properties underlying the Group's portfolio of royalties, streams and investments by the owners or operators of such properties in a manner consistent with past practice; no material adverse impact on the underlying operations of the Group's portfolio of royalties, steams and investments from a global pandemic; the accuracy of public statements and disclosures (including feasibility studies, estimates of reserve, resource, production, grades, mine life and cash cost) made by the owners or operators of such underlying properties; the accuracy of the information provided to the Group by the owners and operators of such underlying properties; no material adverse change in the price of the commodities produced from the properties underlying the Group's portfolio of royalties, streams and investments; no material adverse change in foreign exchange exposure; no adverse development in respect of any significant property in which the Group holds a royalty or other interest, including but not limited to unusual or unexpected geological formations and natural disasters; successful completion of new development projects; planned expansions or additional projects being within the timelines anticipated and at anticipated production levels; and maintenance of mining title.

Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which could cause actual results to differ materially from those anticipated, estimated or intended in the forward-looking statements. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. No statement in this communication is intended to be, nor should it be construed as, a profit forecast or a profit estimate.

By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate; that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.

A variety of material factors, many of which are beyond the Group's control, affect the operations, performance and results of the Group, its businesses and investments, and could cause actual results to differ materially from those suggested by any forward-looking information. Such risks and uncertainties include, but are not limited to current global financial conditions, royalty, stream and investment portfolio and associated risk, adverse development risk, financial viability and operational effectiveness of owners and operators of the relevant properties underlying the Group's portfolio of royalties, streams and investments; royalties, steams and investments subject to other rights, and contractual terms not being honoured, together with those risks identified in the 'Principal Risks and Uncertainties' section of our most recent Annual Report, which is available on our website. If any such risks actually occur, they could materially adversely affect the Group's business, financial condition or results of operations. Readers are cautioned that the list of factors noted in the section herein entitled 'Risk' is not exhaustive of the factors that may affect the Group's forward-looking statements. Readers are also cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements.

This announcement also contains forward-looking information contained and derived from publicly available information regarding properties and mining operations owned by third parties. This announcement contains information and statements relating to the Kestrel mine that are based on certain estimates and forecasts that have been provided to the Group by Kestrel Coal Pty Ltd ("KCPL"), the accuracy of which KCPL does not warrant and on which readers may not rely.

The Group's management relies upon this forward-looking information in its estimates, projections, plans and analysis. Although the forward-looking statements contained in this announcement are based upon what the Group believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements made in this announcement relate only to events or information as of the date on which the statements are made and, except as specifically required by applicable laws, listing rules and other regulations, the Group undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Anglo Pacific Group PLC

View source version on accesswire.com:
https://www.accesswire.com/669429/Anglo-Pacific-Group-PLC-Announces-Q3-2021-Trading-Update

Brisbane, Queensland, Australia–(Newsfile Corp. – October 25, 2021) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG" or the "Company") is pleased to announce that GMG and Robert Bosch Australia Pty Ltd ("BOSCH") have signed a non-binding Letter of Intent, with the aim to agree on the terms of binding agreements for BOSCH to design and deliver a Graphene Aluminium Ion Battery ("G+AI Battery") manufacturing plant.

Robert Bosch Australia Pty Ltd is a subsidiary of the BOSCH Group, a global provider of integrated production line solutions, automation, robotics and testing equipment. BOSCH will support GMG in learning and developing the automation of the battery assembly process and use the results from the GMG G+AI Battery pilot plant to support the scaling of these into fully automated plants. The parties' intent is for BOSCH to become GMG's engineering, design and construction contractor for GMG's near and long-term battery cell manufacturing facility needs (both coin cell and pouch pack).

GMG's Managing Director and CEO, Craig Nicol, commented: "We are proud and excited to be partnering with BOSCH. They are a major, world leading company in this space with outstanding capability to help provide highly automated, efficient and reliable battery manufacturing plants. It has been great working with the BOSCH Australia team so far and we look forward to building a strong long-term partnership with them."

Gavin Smith, President of BOSCH Australia said: "We are delighted to have been chosen by GMG as its long-term factory automation partner. We are excited to bring Bosch's world class technology and expertise to support GMG commercialise its innovative battery technology, with an automated coin cell manufacturing plant the first cab off the ranks."

GMG's commitment to an initial commercial G+AI Battery manufacturing plant, which is planned to produce batteries in coin cell format, is expected to follow successful commercial G+AI Battery prototype development and a final investment decision. The location is not yet decided but is expected to be in Australia where GMG's headquarters and existing operations are located.

Further to the Company's news release dated July 14, 2021, the G+AI Battery pilot plant equipment has been received and the Company intends to commence construction and commissioning shortly.

Following previously announced performance results of GMG's G+AI Battery and highly encouraging customer feedback, the Company believes that it remains on track to develop a commercial prototype coin cell battery before the end of 2021, and thus continues to progress preparations for a commercial scale battery manufacturing facility in parallel. For further information, see the Company's news release dated May 5th 2021 and June 22nd, 2021.

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, low cost, scalable, 'tuneable' and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is also pursuing additional opportunities for GMG graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.

About Bosch

Bosch is a preferred supplier of advanced manufacturing solutions and integrations to Australian businesses. Bosch Australia Manufacturing Solutions (BAMS) is committed to strengthening the competitiveness of the Australian manufacturing sector. BAMS has become one of the country's leading factory automation companies, working with a diverse array of blue-chip, mid-tier and start-up manufacturers to automate their manufacturing. With over 50 years of manufacturing experience and factory automation know-how, BAMS aims to help Australian manufacturers become fit for the future.

For further information, please contact:

– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223

– Leo Karabelas at Focus Communications, info@fcir.ca, +1 647 689 6041

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

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking information in this press release includes, but is not limited to, statements relating to: the Letter of Intent and entering into binding agreements with BOSCH, construction of the G+AI Battery manufacturing plant, the Company's partnership with BOSCH, the G+AI Battery pilot plant equipment, the Company's pursuit of additional opportunities for GMG graphene, and the development of a commercial prototype coin cell battery.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company will be successful in negotiating binding agreements with BOSCH as anticipated, the Company will be successful in obtaining all necessary approvals under the Letter of Intent and any binding agreement, the construction of the G+AI Battery manufacturing plant will be completed as anticipated, the Company will secure a partnership with BOSCH as anticipated, the Company the Company will be able to commence construction and commissioning of the G+AI Battery pilot plant equipment on the anticipated timelines, the Company will be successful in collaborating with universities in Australia to develop its products, the Company will be able to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels, and that the Company will be able to develop a commercial prototype coin cell battery before the end of 2021.

Forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the Company will not be successful in negotiating binding agreements with BOSCH, the Company will not be successful in obtaining all necessary approvals under the Letter of Intent and any binding agreement, the construction of the G+AI Battery manufacturing plant will not be completed as anticipated, the Company will not be able to secure a partnership with BOSCH as anticipated, the Company will not be able to commence construction and commissioning of the G+AI Battery pilot plant equipment on the anticipated timelines, the Company will not be successful in collaborating with universities in Australia to develop its products, the Company will not be able to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels, and that the Company will not be able to develop a commercial prototype coin cell battery before the end of 2021. Such forward-looking information represents management's best judgment based on information currently available. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100684

Here are companies with market caps below $5 billion that are expected to grow their free cash flow in the coming quarter more than peers.

CNX Resources Corporation CNX is scheduled to release third-quarter 2021 earnings on Oct 28, before the market opens. This exploration and production company delivered an average earnings surprise of 29.3% in the last four reported quarters.

Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.

Factors to Consider

CNX Resources’ earnings in the third quarter are likely to have benefited from lower shares outstanding, as the company has been opportunistically repurchasing shares from the open market. It has been managing costs in an efficient manner, and the same is expected to have lowered operating expenses as well as boosted margins in the third quarter.

It utilized free cash flow to lower the outstanding debt level by more than $89 million in the second quarter, which in turn is likely to have lowered capital servicing cost and aided margins in the third quarter. Stable production volumes from high-quality assets are expected to have boosted the company’s third-quarter performance.

Expectations

The Zacks Consensus Estimate for the September quarter earnings per share stands at 32 cents, suggesting a 700% rise from the year-ago reported figure.

What Our Quantitative Model Predicts

Our proven model predicts earnings beat for CNX Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below.

CNX Resources Corporation. Price and EPS Surprise

CNX Resources Corporation. price-eps-surprise | CNX Resources Corporation. Quote

Earnings ESP: It has an Earnings ESP of +2.50%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: CNX Resources sports a Zacks Rank #1, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks to Consider

Investors can also consider the following players from the same industry that too have the right combination of elements to beat on earnings for the to-be-reported quarter.

Continental Resources, Inc. CLR is slated to release third-quarter results on Nov 1. It has an Earnings ESP of +2.55% and sports a Zacks Rank of 1.

APA Corporation APA is slated to release third-quarter results on Nov 3. It has an Earnings ESP of +3.77% and sports a Zacks Rank of 1.

EOG Resources Inc. EOG is slated to release third-quarter results on Nov 5. It has an Earnings ESP of +2.11% and currently has a Zacks Rank of 2.

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

APA Corporation (APA) : Free Stock Analysis Report

CNX Resources Corporation. (CNX) : Free Stock Analysis Report

EOG Resources, Inc. (EOG) : Free Stock Analysis Report

Continental Resources, Inc. (CLR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 25th:

Winnebago Industries, Inc. WGO: This company that manufactures and sells recreation vehicles and marine products has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 11.3% over the last 60 days.

Winnebago Industries, Inc. Price and Consensus

Winnebago Industries, Inc. price-consensus-chart | Winnebago Industries, Inc. Quote

Winnebago has a price-to-earnings ratio (P/E) of 7.50, compared with 14.10 for the industry. The company possesses a Value Score of A.

Winnebago Industries, Inc. PE Ratio (TTM)

Winnebago Industries, Inc. pe-ratio-ttm | Winnebago Industries, Inc. Quote

CNX Resources Corporation CNX: This independent oil and natural gas company has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 15.3% over the last 60 days.

CNX Resources Corporation. Price and Consensus

CNX Resources Corporation. price-consensus-chart | CNX Resources Corporation. Quote

CNX Resources has a price-to-earnings ratio (P/E) of 6.22, compared with 12.00 for the industry. The company possesses a Value Score of B.

CNX Resources Corporation. PE Ratio (TTM)

CNX Resources Corporation. pe-ratio-ttm | CNX Resources Corporation. Quote

Matson, Inc. MATX: This company that provides ocean transportation and logistics services has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 38.7% over the last 60 days.

Matson, Inc. Price and Consensus

Matson, Inc. price-consensus-chart | Matson, Inc. Quote

Matson has a price-to-earnings ratio (P/E) of 3.75, compared with 90.20 for the industry. The company possesses a Value Score of B.

Matson, Inc. PE Ratio (TTM)

Matson, Inc. pe-ratio-ttm | Matson, Inc. Quote

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

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CNX Resources Corporation. (CNX) : Free Stock Analysis Report

Matson, Inc. (MATX) : Free Stock Analysis Report

Winnebago Industries, Inc. (WGO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") provides the following update with respect to the previously announced transaction with ReVolve Renewable Power Limited (or "ReVolve") (see PMI News Release dated June 24, 2021).

Subscription Receipt Financing

The Company announces that it has initiated a subscription receipt financing to raise up to $1,500,000 (the "PMI Financing"). The PMI Financing consists of the sale of up to 3,000,000 Units at a price of $.50 per Unit, with each Unit comprising one post-consolidation common share and one full warrant to purchase an additional post consolidation common share at a price of $.75 per share for a period of eighteen months. The PMI Financing is subject to the approval of the TSX Venture Exchange, and closing is subject to the closing of the previously announced transaction with ReVolve.

Sale of Philippine Subsidiary

The Company announces that it has agreed to sell its Philippine subsidiary, Pacific Metals Canada Philippines Inc. ("PMCPI"), to an arm's length third party, Mr. Peter Draper, for the sum of $1.00 on an "as is, where is" basis. Additionally, and concurrently with the sale of PMCPI to Mr. Draper, PHI will acquire from PMCPI a 1.0% Net Smelter Royalty interest in two properties known as the Malitao Project and the Dilong Project in the Philippines.

PMCPI is currently on care and maintenance, with no active operations. PMCPI's only asset is the Malitao Project, located in Apayao Province, Philippines. Malitao has been the subject of an adverse claim filed in 2010 (see PHI News Release dated September 23, 2010) and, since that time, no active field work has been conducted on the claims. Further, its Dilong Project was the subject of a cancellation order by the Philippine Government (see PHI News Release dated April 21, 2011) and the Company has been unsuccessful to date in having the project reinstated.

Closing of the sale of PMCPI is subject to the approval of the TSX Venture Exchange and several regulatory authorities in the Philippines. Upon completion of the sale, and as part of the ongoing transaction with ReVolve Renewable Power Limited, PHI plans to wind up its two Guernsey subsidiaries (whose sole purpose was to hold shares in the Philippine subsidiary).

For more information, please contact the undersigned.

ON BEHALF OF THE BOARD

"Craig T. Lindsay"

Chief Executive Officer

For additional information, please contact:

Craig Lindsay
Tel: (604) 218-0550
Email: craig@agcap.ca

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100706

This article first appeared on Simply Wall St News.

With the inflation pressures now undeniable, the question of finding a place to park the cash becomes a dire necessity for some.

Yet, with the real estate peaking, stock market overheating and commodities not yielding, turning to thematic investing might be an ultimate solution.

All Hail the King of Green Metals

As a hard commodity, copper generally does well in the inflationary environment, yet it could do particularly well in the 2020s. Sometimes titled "The king of green metals," copper is a principal component in many pressing environmental solutions. From solar power, hydropower, wind power, and electric vehicles.

According to estimates, a pure electric car needs 20% more copper on average than a typical gasoline-powered one. While this adds to the costs of automotive manufacturers, it presents an opportunity for copper miners and their investors.

As a long interest of traditional miners, copper is catching interest from digital miners as well, with the launch of Cuprum Coin – a copper-backed cryptocurrency currently in the pre-sale phase.

Given the trends, established copper miners like Freeport-McMoRan Inc. (NYSE: FCX) provide an excellent opportunity to hedge against inflation while earning a dividend yield. If they're undervalued, as our intrinsic analysis suggests, that is just a cherry on the top of the cake.

The company reported a solid third-quarter result with improved earnings, revenues, and profit margins.

Third-quarter 2021 results:

• Revenue: US$6.08b (up 58% from 3Q 2020).

• Net income: US$1.40b (up 329% from 3Q 2020).

• Profit margin: 23% (up from 8.5% in 3Q 2020).

The increase in margin was driven by higher revenue. Over the last 3 years, on average, earnings per share have increased by 3% per year, but its share price has risen by 49% per year, which means it is tracking significantly ahead of earnings growth.

Estimating the Intrinsic Value

We generally believe that a company's value is the present value of all cash it will generate in the future. However, Discounted Cash Flow (DCF) model is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, look at the Simply Wall St analysis model.

View our latest analysis for Freeport-McMoRan

Crunching the numbers

We will use a two-stage DCF model, which, as the name states, considers two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second "steady growth" period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible, we use analyst estimates, but when these aren't available, we extrapolate the previous free cash flow (FCF) from the last estimate or reported value.

We assume companies with shrinking free cash flow will slow their rate of shrinkage and that companies with growing free cash flow will see their growth rate slow over this period. We do this to reflect that growth tends to slow more in the early years than in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$57b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after these ten years. For a number of reasons, a very conservative growth rate is used that cannot exceed that of a country's GDP growth.

In this case, we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way, as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.0%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$11b× (1 + 2.0%) ÷ (7.0%– 2.0%) = US$218b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$218b÷ ( 1 + 7.0%)¹⁰= US$110b

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$168b. In the final step, we divide the equity value by the number of shares outstanding. Compared to the current share price of US$37.7, the company appears potentially underpriced at a discount of over 50%.

While this can mean we are looking at a bargain, it also mandates examining the model numbers further as there might be some hidden reasons why the stock appears that cheap.

Important assumptions

We would point out that the most critical inputs to a discounted cash flow are the discount rate and, of course, the actual cash flows.

The DCF also does not consider the possible cyclicality of an industry or a company's future capital requirements, so it does not give a complete picture of its potential performance.

Given that we are looking at Freeport-McMoRan as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC), which accounts for debt. We've used 7.0% in this calculation, which is based on a levered beta of 1.158.

Beta is a measure of a stock's volatility compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

While the DCF model is not a perfect valuation tool, it helps us assess the company's overall picture.

Although there might be more to the story, investing in copper remains one of the best ways to offset the inflation in the 2020s and mandates further look into the company.

For Freeport-McMoRan, we've compiled three fundamental factors you should further research:

1. Risks: For example, we've discovered 2 warning signs for Freeport-McMoRan (1 is a bit unpleasant!) that you should be aware of before investing here.

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

3. Other Solid Businesses: Low debt, high returns on equity, and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks, search here.

Simply Wall St analyst Stjepan Kalinic and Simply Wall St have no position in any of the companies mentioned. This article 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.

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

VANCOUVER, BC, Oct. 25, 2021 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") is pleased to announce that it has successfully concluded its 2021 surface diamond drill program (for detail see news releases, June 17, 2021, June 24, 2021, and August 24, 2021) for the season at its Revel Ridge Project with 10,747 metres cored in 39 holes.

Underground diamond drilling (fully permitted until August 2022) will resume on November 8, 2021. The drilling is being conducted under contract by Hy-Tech Drilling Ltd. of Smithers, B.C., under the supervision of Dr. James "Jim" Oliver, P. Geo.

The focus of the next stage of drilling will recover larger HQ size drill core from existing underground workings to obtain additional metallurgical samples from depth, while continuing to expand the Main, Hanging and Footwall Zones.

Work on updating the current NI 43-101 resource at Revel Ridge is continuing and surface assays are pending.

Corporate presentations, figures and photos are available on Rokmaster's website at https://www.rokmaster.com/projects/revel-ridge/

On behalf of the Board of Directors,

"John Mirko"

John Mirko, President and Chief Executive Officer.

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

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE Rokmaster Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/25/c6153.html

In this article we will take a look at whether hedge funds think Rio Tinto Group (NYSE:RIO) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.

Rio Tinto Group (NYSE:RIO) investors should be aware of a decrease in enthusiasm from smart money of late. Rio Tinto Group (NYSE:RIO) was in 21 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 26. There were 25 hedge funds in our database with RIO positions at the end of the first quarter. Our calculations also showed that RIO isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

Why do we pay any attention at all to hedge fund sentiment? Our research has shown that a select group of hedge fund holdings outperformed the S&P 500 ETFs by 79 percentage points since March 2017 (see the details here). That's why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Ken Fisher of Fisher Asset Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to take a look at the latest hedge fund action regarding Rio Tinto Group (NYSE:RIO).

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

At the end of June, a total of 21 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -16% from one quarter earlier. On the other hand, there were a total of 20 hedge funds with a bullish position in RIO a year ago. With hedgies' sentiment swirling, there exists a few noteworthy hedge fund managers who were adding to their stakes considerably (or already accumulated large positions).

Among these funds, Fisher Asset Management held the most valuable stake in Rio Tinto Group (NYSE:RIO), which was worth $1084.4 million at the end of the second quarter. On the second spot was Arrowstreet Capital which amassed $156.8 million worth of shares. Masters Capital Management, Impala Asset Management, and Citadel Investment Group were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Impala Asset Management allocated the biggest weight to Rio Tinto Group (NYSE:RIO), around 5.06% of its 13F portfolio. Impala Asset Management is also relatively very bullish on the stock, dishing out 3.24 percent of its 13F equity portfolio to RIO.

Judging by the fact that Rio Tinto Group (NYSE:RIO) has experienced falling interest from hedge fund managers, it's safe to say that there is a sect of money managers that slashed their positions entirely in the second quarter. At the top of the heap, Ken Heebner's Capital Growth Management dumped the biggest investment of all the hedgies monitored by Insider Monkey, valued at close to $23.3 million in stock, and Benjamin A. Smith's Laurion Capital Management was right behind this move, as the fund said goodbye to about $23.3 million worth. These transactions are important to note, as total hedge fund interest fell by 4 funds in the second quarter.

Let's now review hedge fund activity in other stocks similar to Rio Tinto Group (NYSE:RIO). We will take a look at HDFC Bank Limited (NYSE:HDB), Intuit Inc. (NASDAQ:INTU), BlackRock, Inc. (NYSE:BLK), American Express Company (NYSE:AXP), Starbucks Corporation (NASDAQ:SBUX), Sanofi (NYSE:SNY), and International Business Machines Corp. (NYSE:IBM). This group of stocks' market caps are similar to RIO's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position HDB,39,1731917,12 INTU,66,5382791,-2 BLK,47,1282801,5 AXP,52,28660485,-1 SBUX,63,4757968,2 SNY,16,1261299,1 IBM,41,1373521,0 Average,46.3,6350112,2.4 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 46.3 hedge funds with bullish positions and the average amount invested in these stocks was $6350 million. That figure was $1420 million in RIO's case. Intuit Inc. (NASDAQ:INTU) is the most popular stock in this table. On the other hand Sanofi (NYSE:SNY) is the least popular one with only 16 bullish hedge fund positions. Rio Tinto Group (NYSE:RIO) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for RIO is 30.2. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 24% in 2021 through October 22nd and surpassed the market again by 1.6 percentage points. Unfortunately RIO wasn't nearly as popular as these 5 stocks (hedge fund sentiment was quite bearish); RIO investors were disappointed as the stock returned -19.7% since the end of June (through 10/22) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2021.

Get real-time email alerts: Follow Rio Tinto Plc (NYSE:RIO)

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

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Calgary, Alberta–(Newsfile Corp. – October 25, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that, at the request by the Investment Industry Regulatory Organization of Canada, the Company wishes to confirm that its management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO₂ emissions.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco, President and Chief Executive Officer
Telephone: (403) 660-3488 Facsimile: (403) 206-7159
Email: frank@whyresources.com

Cautionary Note Regarding Forward-looking Information

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100755

TSX-V: GBR

VANCOUVER, BC, Oct. 25, 2021 /CNW/ – Great Bear Resources Ltd. (the "Company" or "Great Bear"), (TSXV: GBR) (OTCQX: GTBAF) today reported gold recovery test results from its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, "We selected what were anticipated to be the 'most difficult' mineralized domains to extract gold from at the LP Fault, and are pleased to report very high gold recoveries at all grades. This has strong positive implications for the future development potential of the Dixie project. Similar very high gold recoveries from the Dixie Limb and Hinge zones using comparable grinding and cyanidation protocols indicates mineralized material from all gold zones is likely amenable to processing through the same extraction circuits. Initial LP Fault cyanidation gold recovery tests confirm that non-refractory, free gold dominates all low to high-grade domains tested to-date. All Dixie gold zones have excellent potential for significant gravity circuit gold recoveries, which will be investigated in the next phase of metallurgical testing."

Highlights of Gold Recovery Results

Ten one kilogram representative samples were analyzed at Blue Coast Research Ltd. ("Blue Coast") of Parksville, British Columbia (Table 1). Samples were composited from 10 to 13 metre long core intervals and were processed through a standard 48 hour bottle roll procedure at 40% solids, using a 1.0 g/L sodium cyanide solution.

• All tested combinations of grades, host rocks, sulphide content and alteration styles recovered a very high percentage of total gold, within a four percent range from 95.2% to 99.2%. While high-grade gold samples recovered the highest percentage of total gold during cyanidation, sub-gram low-grade gold mineralization nonetheless achieved excellent recoveries of greater than 95 percent. Table 2 and Figure 1.

• LP Fault gold mineralization is not refractory. All samples, regardless of grade, were described as "free-milling", indicating gold is not encapsulated in sulphide accessory minerals. Free gold mineralization has repeatedly been observed and reported by Great Bear, including during petrographic/microscope analysis (see news release of September 22, 2020).

Table 1: Metallurgical sample descriptions.

Table 2: Gold recovery results from LP Fault composite samples.

Ongoing Metallurgical Testing

The samples reported here represent the most mineralogically complex intervals drilled to date at the LP Fault and have higher accessory sulphide content than the zone's average. In most gold deposits, zones with higher sulphide content have lower gold recoveries than zones with lower sulphide content.

• Accessory sulphide content had no measurable effect on gold recoveries, confirming that gold is not present within sulphide mineral crystal structures.

• Autoclave processing will not be required for LP Fault mineralized material.

• Additional gold recovery testing of low-sulphide material is now also underway, which is expected to yield comparable high gold recoveries.

• Great Bear management notes that current cyanidation gold recovery results are in line with the high reported operational gold recoveries at mines in the Red Lake district, which generally recover +90%.

• Ongoing testing also includes "gold-only" LP Fault mineralization such as that observed within high-grade intervals in LP Fault discovery drill hole DNW-011 (see news release of May 28, 2019) where gold is observed without significant accessory sulphides in many samples. In most gold deposits, gold-only mineralization yields the highest gold recoveries.

Gravity gold recovery circuits are important, low-cost components of many gold processing operations. Due to the free gold character of all grade ranges of LP Fault mineralization, the mineralized material is expected to be amenable to gravity-based gold separation. Gravity amenability is currently being tested by Great Bear.

Results of ongoing metallurgical testing will be reported periodically as completed through 2022.

Gold recoveries from the Hinge and Dixie Limb zones were originally disclosed by the Company on November 12, 2020 and January 27, 2021, and are provided in Table 3.

Table 3: Gold recoveries from the Dixie Limb and Hinge zones previously reported by Great Bear.

About the Dixie Project

The 100% owned flagship Dixie project boasts one of the largest recent gold discoveries in a Canadian mining jurisdiction. Proximal to major infrastructure near the town of Red Lake, Ontario, the Dixie property comprises over 91.4 square kilometres of contiguous claims that extend over 22 kilometres with a paved highway and provincial power and natural gas lines. The property also hosts a network of well-maintained logging roads which facilitate access.

23 high-grade domains are structurally and geologically distinctive from the surrounding lower grade, bulk tonnage style gold mineralization. Together, they span a strike length of 4.2 kilometres and occur within larger stratigraphically controlled lower grade domains. They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and transition from upper greenschist to lower amphibolite facies metamorphism. Gold in the high-grade domains is generally observed as free gold, is often transposed into, and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.

To date, Great Bear has completed a total of 672 drill holes, identifying three high-grade gold discoveries. The most significant discovery is the large-scale "LP Fault" zone, which comprises high-grade disseminated gold mineralization within broad moderate-to-lower-grade envelopes in felsic volcanic and sediment units. LP Fault drilling has identified gold mineralization along 11 kilometres of strike length to date, and a detailed drill grid is being completed along approximately 4 kilometres of strike length. The nearby "Hinge" and "Limb" gold zones are more characteristic of the renowned Red Lake mined deposits, comprising gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic units. Over 80% of the Company's drill holes into the LP Fault, Dixie Limb and Hinge zones contain visible gold mineralization. Gold occurs mainly as free gold, neither bound to nor within sulphide minerals.

Great Bear adheres to industry-leading quality assurance / quality control (QA/QC) practices in data collection, analysis and disclosure, and detailed assays including all historical LP Fault drill hole data are available on the Company's website at https://greatbearresources.ca/projects/overview/dixie-project-data/.

About Great Bear

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets. The Company is currently in the process of compiling all historical data together with incoming assay results, with the goal of publishing an initial multi-million ounce mineral resource estimate in accordance with NI 43-101 for the Dixie project in early 2022.

Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.

QA/QC and Core Sampling Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab. Selected samples are also chosen for duplicate assay from the coarse reject of the original sample. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

Qualified Person and NI 43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

Results for the metallurgical test program were provided and approved by Andrew Kelly, P.Eng., of Blue Coast Research Ltd., a Qualified Person for the purpose of National Instrument 43-101.

ON BEHALF OF THE BOARD

"Chris Taylor"

Chris Taylor, President and CEO

Cautionary note regarding forward-looking statements

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.

Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.

Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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SOURCE Great Bear Resources Ltd.

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