MELBOURNE, Australia, October 17, 2021–(BUSINESS WIRE)–Rio Tinto has announced a new three-year partnership with Telethon aimed at improving the health and wellbeing of children in Western Australia.

The partnership, which follows a $4 million donation in 2020, starts with a new $4 million donation delivered over this Telethon weekend and continues with $4 million each year to 2023,to support further research into mental health and juvenile diabetes.

This year, Rio Tinto’s $4 million donation will be distributed between three important health initiatives, The Rio Tinto Diabetes Global Research Centre, Embrace @ Telethon Kids Institute, and The Telethon Trust.

The donation to The Rio Tinto Diabetes Global Research Centre will support critical research into Type One diabetes to improve the lives of those living with the condition, the effects of which last long beyond childhood.

Funding delivered to Embrace @ Telethon Kids Institute over the next three years will enable Embrace to grow ‘big ideas’ and provide seed funding to build the state’s first research centre devoted to the mental health of children and young people.

The partnership will also deliver vital funds to the Telethon Trust, which distributes grants annually to a range of not for profit organisations that help transform the lives of WA children.

Rio Tinto Iron Ore Chief Executive, Simon Trott said, "Rio Tinto is delighted to be partnering with Telethon to help deliver critical research and initiatives that will improve the wellbeing of kids all across the state.

"Telethon is an iconic Western Australian charity event and Rio Tinto and its entire workforce is really proud to support this wonderful cause.

"We’re proud that this donation will help important children’s charities and amazing medical research into diabetes and mental health for our young people."

View source version on businesswire.com: https://www.businesswire.com/news/home/20211017005038/en/

Contacts

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

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

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Jamie Macdonald
M +61 467 725 517

Kate Barcham
M +61 438 990 238

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: Pilbara

Unfortunately, investing is risky – companies can and do go bankrupt. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Intrepid Potash, Inc. (NYSE:IPI) share price has soared 295% in the last 1 year. Most would be very happy with that, especially in just one year! It's also good to see the share price up 41% over the last quarter. The longer term returns have not been as good, with the stock price only 14% higher than it was three years ago.

Since the stock has added US$84m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.

See our latest analysis for Intrepid Potash

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Intrepid Potash went from making a loss to reporting a profit, in the last year.

When a company is just on the edge of profitability it can be well worth considering other metrics in order to more precisely gauge growth (and therefore understand share price movements).

However the year on year revenue growth of 9.4% would help. We do see some companies suppress earnings in order to accelerate revenue growth.

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

We know that Intrepid Potash has improved its bottom line lately, but what does the future have in store? So it makes a lot of sense to check out what analysts think Intrepid Potash will earn in the future (free profit forecasts).

A Different Perspective

It's nice to see that Intrepid Potash shareholders have received a total shareholder return of 295% over the last year. That's better than the annualised return of 31% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 2 warning signs for Intrepid Potash that you should be aware of before investing here.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

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

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.

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.

Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.

It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.

Peabody Energy (BTU) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:

Investors' growing interest in a stock is reflected in its recent price increase. A price change of 0.8% over the past four weeks positions the stock of this coal mining company well in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. BTU meets this criterion too, as the stock gained 42.7% over the past 12 weeks.

Moreover, the momentum for BTU is fast paced, as the stock currently has a beta of 1.56. This indicates that the stock moves 56% higher than the market in either direction.

Given this price performance, it is no surprise that BTU has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped BTU earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, BTU is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. BTU is currently trading at 0.64 times its sales. In other words, investors need to pay only 64 cents for each dollar of sales.

So, BTU appears to have plenty of room to run, and that too at a fast pace.

In addition to BTU, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.

Click here to sign up for a free trial to the Research Wizard today.

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Mosaic (MOS) closed at $41.47 in the latest trading session, marking a +0.19% move from the prior day. The stock lagged the S&P 500's daily gain of 0.75%.

Prior to today's trading, shares of the fertilizer maker had gained 22.64% over the past month. This has outpaced the Basic Materials sector's gain of 1% and the S&P 500's loss of 0.05% in that time.

MOS will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2021. In that report, analysts expect MOS to post earnings of $1.68 per share. This would mark year-over-year growth of 630.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.83 billion, up 60.82% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.93 per share and revenue of $12.54 billion. These totals would mark changes of +480% and +44.5%, respectively, from last year.

Any recent changes to analyst estimates for MOS should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.44% higher. MOS is holding a Zacks Rank of #2 (Buy) right now.

In terms of valuation, MOS is currently trading at a Forward P/E ratio of 8.39. For comparison, its industry has an average Forward P/E of 14.33, which means MOS is trading at a discount to the group.

We can also see that MOS currently has a PEG ratio of 1.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Fertilizers industry currently had an average PEG ratio of 1.5 as of yesterday's close.

The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.

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

You can find more information on all of these metrics, and much more, on Zacks.com.

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The market rally had its best day in months, with Google and Microsoft among new stocks flashing buy signals.

Looking at Oklo Resources Limited's (ASX:OKU ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Oklo Resources

The Last 12 Months Of Insider Transactions At Oklo Resources

Over the last year, we can see that the biggest insider purchase was by MD, CEO & Director Simon Taylor for AU$109k worth of shares, at about AU$0.14 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.13). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Simon Taylor.

Simon Taylor bought a total of 1.20m shares over the year at an average price of AU$0.16. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Oklo Resources insiders own about AU$6.5m worth of shares (which is 10% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Oklo Resources Insider Transactions Indicate?

The fact that there have been no Oklo Resources insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Oklo Resources stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 4 warning signs for Oklo Resources you should be aware of, and 3 of these can't be ignored.

But note: Oklo Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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.

Company Executives share vision and answer questions live at VirtualInvestorConferences.com

NEW YORK, Oct. 15, 2021 /PRNewswire/ — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Uranium, Strategic and Precious Metals Investor Conference on October 19^th, 20^th, 21^st. Individual investors, institutional investors, advisors, and analysts are invited to listen to the executive management of metals and mining companies discuss their property positions, development schedules, market opportunity, and investment highlights.

REGISTER NOW AT: https://bit.ly/3mTfIO2

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations or ask questions.

"OTC Markets is excited to host the three-day Uranium, Strategic and Precious Metals Investor Conference," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We appreciate the collaboration with our co-sponsor, Viriathus, and look forward to hearing from today's industry leaders."

October 19^th Agenda – Uranium:

October 20th Agenda – Strategic and Precious Metals:

October 21^st Agenda – Strategic and Precious Metals:

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/uranium-strategic-and-precious-metals-live-virtual-investor-conference-october-19th-20th-and-21st-301401219.html

SOURCE VirtualInvestorConferences.com

(Bloomberg) — The world’s most crucial metals continued on a breakneck surge, with zinc jumping the most in six years, as energy shortages forced more production cuts, piling pressure on manufacturers and fueling concerns about inflation.

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Producers of metals from zinc to aluminum and steel are restricting output as rising energy costs outpace the spike in metal prices, or because of power restrictions. The latest victim was one of the top zinc producers Glencore Plc, with production at its three European plants being cut because of surging power prices.

Zinc spiked as much as 12% on the London Metal Exchange in response, the biggest increase since October 2015. Aluminum — a particularly energy intensive metal — also gained, taking this year’s advance to 62% this year, while copper extended gains beyond $10,000 a ton. Friday’s gains come after the benchmark index of six base metals on the London Metal Exchange rose to an all-time peak on Thursday.

The supply disruptions come at a crucial juncture for the global economy, threatening to add more strain to creaking supply chains and fanning concerns that inflation risks may linger for longer than previously expected.

“Base metals are rallying amid an intensifying energy crisis, and heightened inflation fears are reigniting investor enthusiasm,” said Wenyu Yao, senior commodities strategist at ING Bank. “Fears of inflation could increase demand for metals as there is a perception that they are a hedge against inflation, which is especially true for copper. In the meantime, a retreat in US real rates, along with the broad trade-weighted dollar index over the last couple of days, is also driving momentum.”

The supply curtailments started in China as the country restricted power to energy intensive industries, and have now spread to Europe as the region faces its own power problems spurred by record gas prices. That’s creating new demand worries as record raw material costs threaten manufacturing sectors around the world.

Industrial and manufacturing companies around the world have cut earnings guidance in recent weeks, while major economies from Germany to the U.K. are growing more slowly then expected.

Glencore’s zinc cuts followed an announcement earlier this week that Nyrstar — another big producer — would reduce output at three European smelters by up to 50% due to rising power prices and costs associated with carbon emissions. Meanwhile, Matalco Inc., the largest U.S. producer of aluminum billet, is warning customers it may curtail output and ration deliveries as soon as next year amid a magnesium shortage. Steelmakers, including ArcelorMittal, have also cut production.

Copper, the most important industrial metal, is also soaring. It’s set for the biggest weekly gain since 2016 and is in a widening backwardation as global inventories shrink due to demand recovery and pandemic-driven disruptions. Rio Tinto Group said Friday that the start up of its Oyu Tolgoi project in Mongolia has been delayed by at least three months after Covid-related restrictions hampered progress.

“As most metals are in backwardation and physical demand high, the ingredients are there for materially higher prices, most notably in aluminium and zinc but also permeating into the copper and tin market,” said Kieron Hodgson, an analyst at Panmure Gordon. “It is increasingly likely these prices may persist throughout the fourth quarter before the inevitable return-to-earth occurs.”

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Mining giant Rio Tinto is being hit by labour shortages in Australia and has been forced to downgrade its production expectations.

The company said that it expects to ship between 320 million and 325 million tonnes of iron ore from its Pilbara operations.

Rio Tinto has 16 iron mines and employs 13,600 people in the area, in Western Australia north of Perth.

These sites were previously expected to ship “at the low end” of 325 million to 340 million tonnes.

The company said that it had been delayed finishing a new mine and doing up an old one because of a lack of staff in the region because Australian state borders are closed.

It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the opportunity to raise our performance

Jakob Stausholm, chief executive

“The tight labour market in Western Australia continues to limit our access to labour and we have also experienced delays due to a tight global supply chain,” it said.

Costs at Pilbara are also rising due to freight, diesel and labour rates, as well as the added costs of ensuring staff get vaccinated.

Production in Canada was also hit due to problems getting hold of enough staff and equipment, while labour shortages are also hitting Mongolia

“It has been another difficult quarter operationally and despite improving versus the prior quarter, we recognise the opportunity to raise our performance. We have consequently modestly adjusted our guidance,” said chief executive Jakob Stausholm.

He added: “We are progressing against our four pillars and striving to make Rio Tinto even stronger, notably to become the best operator.

“This will ensure we continue to deliver attractive returns to shareholders, invest in sustaining and growing our portfolio, and make a broader contribution to society, particularly in relation to the drive to net-zero carbon emissions.”

Labour and supply chain shortages have impacted many businesses around the world in recent months, as the economy sprung back into action following Covid.

In the UK, shortages of lorry drivers and a rise in gas prices due to booming international demand have been some of the most obvious impacts.

Shares in Rio Tinto had dipped by 1.9% early on Friday morning, making it the second worst performer on London’s FTSE 100.

VANCOUVER, BC, Oct. 15, 2021 /PRNewswire/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), today announces that it intends to complete a non-brokered private placement of units (the "Private Placement" or the "Offering") to raise approximately C$1,200,000. The closing of the Offering is subject to customary conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV").

The Private Placement will consist of 10,909,091 units priced at C$0.11 per unit (the "Units"). Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of C$0.15 per common share for a period of three years from the date of issue. The securities will be subject to a four-month hold period from the date of closing and approval by the TSXV. The Private Placement is subject to a 15% over-allotment option and to an acceleration clause. See below for further details.

Net proceeds from the Private Placement will be used for land acquisition, advanced materials sample preparation, commercial agreements, project finance and general working capital requirements for the Company.

Acceleration Clause

If during a period of ten consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds C$0.50 on each of those ten consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time.

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is a Canadian battery-metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery-metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful, large-scale, pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSXV under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education, and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals – YouTube

CAUTIONARY STATEMENT

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

FORWARD-LOOKING INFORMATION

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

View original content to download multimedia:https://www.prnewswire.com/news-releases/south-star-battery-metals-announces-non-brokered-private-placement-301400938.html

SOURCE South Star Battery Metals Corp.

Investors interested in Chemical – Diversified stocks are likely familiar with Arkema SA (ARKAY) and FMC (FMC). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Currently, Arkema SA has a Zacks Rank of #2 (Buy), while FMC has a Zacks Rank of #5 (Strong Sell). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that ARKAY has an improving earnings outlook. But this is just one piece of the puzzle for value investors.

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

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

ARKAY currently has a forward P/E ratio of 12.02, while FMC has a forward P/E of 13.53. We also note that ARKAY has a PEG ratio of 0.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FMC currently has a PEG ratio of 1.23.

Another notable valuation metric for ARKAY is its P/B ratio of 1.44. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, FMC has a P/B of 3.76.

These metrics, and several others, help ARKAY earn a Value grade of A, while FMC has been given a Value grade of C.

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

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Arkema SA (ARKAY) : Free Stock Analysis Report
 
FMC Corporation (FMC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

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OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) — Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) is pleased to announce that it has closed the second and final tranche of its $10 million subscription receipts private placement announced July 12, 2021.

William Randall, President and Chief Executive Officer of the Company, commented, “Given the continued international interest in the Pastos Grandes basin, closing this second and final tranche is a key step, as it provides Arena with funds to initiate an aggressive resource definition drill program. The Sal de la Puna Project is a key claim block in the basin, not only its lithium brine resource potential and extensive land position, but also its potential large freshwater resources. Along with our partners Ganfeng Lithium, we are in the final stages of planning our upcoming drill program and will be communicating the commencement of exploration activities in the near future.”

Private Placement

The Company has closed the second and final tranche of its private placement announced on July 12, 2021. In the first tranche, which closed and was announced on July 26, 2021, the Company issued 42,857,143 units to Lithium Americas Corporation ("Lithium Americas") (TSX: LAC; NYSE: LAC) for aggregate consideration of $6 million. In the second and final tranche, the Company issued a total of 28,571,428 units for an aggregate consideration of $4 million including 26,678,571 units to GFL International Co. Ltd., a subsidiary of Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”) (1772.HK; OTCQX: GNENF), for a further consideration of $3.735 million.

Post closing of this placement, Lithium Americas held 42,857,143 common shares and 21,428,571 warrants, and Ganfeng Lithium held 66,226,146 common shares and 33,113,072 warrants. The common shares, warrants and any shares issued upon the exercise of the warrants (the “Placement Securities”) issued to Lithium Americas in the first tranche closing are subject to a hold period ending on November 27, 2021. The Placement Securities issued or issuable to Ganfeng Lithium pursuant to the second closing are subject to a four month hold period expiring on February 15, 2022.

Sal de la Puna Joint-Venture

Arena and Ganfeng Lithium have entered into a joint venture for the exploration and development of the Sal de la Puna project, holding 65% and 35%, respectively, in a newly incorporated joint venture company through which the project is held. Ganfeng Lithium contributed USD $7,789,055 to acquire its stake in the joint venture through the exercise of its right to acquire a 35% interest in any project acquired by Arena (see Arena’s news release of February 4, 2021). The joint venture agreement provides for the funding of the project by the parties in proportion to their respective interests, which interests are subject to adjustment in the event that a party does not contribute its share of such funding. The joint venture company has a board comprised of two nominees of Arena and one nominee of Ganfeng, and a management committee comprised of two representatives of each shareholder, who are entitled to vote in proportion to the shares held by their nominating shareholders. As long as a shareholder holds at least 20% of the joint venture company’s shares, unanimous management committee approval is required for a variety of matters relating to the business of the joint venture company, including the approval of or any changes to budgets or work programs, the replacement of the operator, and various significant transactions, major expenditures, or changes to the joint venture company or its business.

Corporate Matters

The Company has engaged OGIB Corporate Bulletin Ltd and Bull Markets Media GmbH to provide investor awareness services.

About Arena Minerals Inc.

Arena owns 65% of the Sal de la Puna Project covering approximately 11,000 hectares of the Pastos Grandes basin located in Salta, Argentina. The claims are highly prospective and share the basin with two advanced lithium brine projects. In addition to Sal de la Puna, the Company owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products.

Arena also owns 80 percent of the Atacama Copper property within the Antofagasta region of Chile, and 5.8 million shares of Astra Exploration. The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district.

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

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or wrandall@arenaminerals.com.

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

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

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

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

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Albemarle (ALB), which belongs to the Zacks Chemical – Diversified industry, could be a great candidate to consider.

When looking at the last two reports, this specialty chemicals company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 23.23%, on average, in the last two quarters.

For the last reported quarter, Albemarle came out with earnings of $0.89 per share versus the Zacks Consensus Estimate of $0.83 per share, representing a surprise of 7.23%. For the previous quarter, the company was expected to post earnings of $0.79 per share and it actually produced earnings of $1.10 per share, delivering a surprise of 39.24%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Albemarle. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

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

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

Albemarle currently has an Earnings ESP of +2.46%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on November 3, 2021.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

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

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Val-d'Or, Québec–(Newsfile Corp. – October 15, 2021) – Golden Valley Mines and Royalties Inc. (TSXV: GZZ) ("Golden Valley" or the "Corporation"), announces that it has entered into an option agreement (the "Option Agreement") with Eldorado Gold (Québec) Inc. ("Eldorado"), a wholly owned subsidiary of Eldorado Gold Corporation, enabling Eldorado to earn up to an additional 50% interest in the Claw Lake Gold Prospect, the Cook Lake Prospect, the Murdock Creek Prospect, all located in Ontario and the Perestroika Prospect, located in Québec (the "Properties").

Golden Valley and Eldorado are currently parties to a Joint Venture Agreement (the "Existing JV") pertaining originally to an aggregate of nine properties (the "Existing Properties") in which Golden Valley has a 70% undivided beneficial interest, and Eldorado has a 30% undivided beneficial interest. Under the new Option Agreement, the Existing JV will be terminated upon the satisfaction of certain conditions precedent (including the amendment of certain historical royalty agreements pertaining to the Properties), which were satisfied concurrently with the execution of the Option Agreement. Further, Golden Valley has the option to be assigned, from Eldorado for nominal consideration, all of the right, title and interest of Eldorado in and to five of the remaining Existing Properties (Munro Prospect, Recession Larder Prospect, Matachewan Prospect all in Ontario, and the Bogside Prospect in Quebec; Denovo Prospect in Ontario was previously dealt with in a transaction with Highgold Mining Inc.), other than the Properties.

Eldorado may earn an additional 40% in the Properties (the "40% Option") by funding expenditures on the Properties for a minimum of $10,500,000 over a period of 5 years from the termination of the Existing JV and making annual payments to $50,000 per annum to the Corporation ("Annual Payment") with the first Annual Payment being made on termination of the Existing JV and each subsequent Annual Payment being made on the anniversary thereof until Eldorado exercises the 40% Option. Upon exercise of the 40% Option by Eldorado, the parties will be deemed to have formed a joint venture in accordance with the terms set out in the Option Agreement and will use commercially reasonable efforts to enter into a formal joint venture agreement within 60 business days of the exercise of the 40% Option.

In order to earn and acquire an additional 10% undivided interest in the Properties (the "Additional Option"), Eldorado will contribute all joint venture expenditures on behalf of the parties, and deliver to Golden Valley, a preliminary economic assessment (PEA) report in respect of the Properties.

Upon the exercise of the Additional Option by Eldorado, Golden Valley will have a 20% undivided beneficial interest in the Properties and Eldorado will have an 80% undivided beneficial interest in the Properties.

Description of the Properties:

Claw Lake Prospect

The Claw Lake Prospect is located within Cabot Township of the Larder Lake Mining Division of Ontario. The property itself consists of 55 contiguous claims that total 1195 hectares on NTS Map Sheet 41P/11. The Claw Lake Prospect is located approximately 18 kilometres northwest of the town of Shining Tree.

The principal geological feature covered by the property is the Claw Lake Stock. The Claw Lake Stock is described by M.W. Carter in OGS Report 240, Geology of the Shining Tree Area 1987, as an irregular lens-shaped body, elongated in the direction of the regional trend of the volcanic rocks into which it intrudes. It is 3.6 kilometres long by 1.2 kilometres wide at its widest (central) part and consists of massive and porphyritic facies. The predominant massive facies comprises quartz diorite and trondhjemite. The quartz diorite is a medium-grained, greenish grey rock consisting of quartz, altered plagioclase and interstitial micro pegmatite with accessory pyrite and ilmenite. The trondhjemite forms minor facies of the stock and is pink and medium-grained. It consists of quartz, plagioclase, potassic feldspar, and quartz-orthoclase micro pegmatite, with muscovite, biotite, and accessory calcite, apatite, and pyrite. The porphyritic facies form a phase of the stock and also occurs as dykes. This facies consists of either a dark green quartz diorite or a pale buff trondhjemite.

There are numerous historic mineral showings within the Claw Lake Stock:

The Rapids Vein has been reported to carry 0.58 opt Au across 0.46 m from an unknown type of sample, 0.16 opt Au over 0.6 m from a DDH sample (Carter, 1986; OGS GR 240) as well as 0.33 opt Au, 0.207 opt Au and 0.211 opt Au from grab samples (Mullan, 1992; AFRO ID: 2.14863) and 2434 ppb Au over 0.82 from DDH JCL 93-04 (Mullan, 1994; AFRO ID: W9480-00072).

The Draw Vein has been reported to carry 0.13 opt Au over a surface sample length of 18.0 m (Carter, 1986; OGS GR 240).

The Big Vein is documented as carrying 0.05 opt Au from an unknown type of sample (Carter, 1986; OGS GR 240).

The West Vein has been reported to carry 1.39% MoS2 from a grab sample as well as 1.21% MoS2 over 0.55 m from a chip sample (Carter, 1986; OGS GR 240).

There are also numerous historical showings within the volcanic rock surrounding the intrusion.

The Molybdenite Vein has been reported to carry 0.74% MoS2 from a grab sample (Laird, 1934; OGS ARV43, part 3), 0.96% MoS2 with 0.07 opt Au from a grab sample (Carter, 1986; OGS GR 240) as well as 0.27% MoS2 with 0.05 opt Au over 0.55m from a chip sample (Mullan, 1992; AFRO ID: 2.14863) and 0.36 % MoS2 over 1.37m from DDH 16 (Carter, 1986; OGS GR 240).

The Galena Vein is reported to carry assayed values of up to 0.45 opt Au from the selective sampling of veins. A grab sample of 0.57 opt Au with 0.95 opt Ag and one with 0.21% MoS2 are reported from this area (Carter, 1986; OGS GR 240). A sample from DDH #9 carried 0.05 opt Au from this showing (Longley, 1946; Claw Lake Gold Mines).

The Hillside Vein is documented as yielding a best assay of 0.79 opt Au with 15.9 opt Ag over 0.76m. A sample from DDH #16 carried 0.01 opt Au over 1.37m (Carter, 1986; OGS GR 240).

The Beaver Zone was established by a grab sample that carried 0.214 opt Au (Carter, 1986; OGS GR 240). This was followed up by DDH GCW-07-03 that intersected 0.12 g/t Au over 2.0 m. 0.306 g/t Au over 4.28 m that included 1.005 g/t Au over 0.65m. This same DDH also cut 0.133 g/t over 1.0m and 2.110 g/t Au over 1.00m (2007 Golden Valley Drill report; AFRO ID: 2.36537).

Cook Lake Prospect

The Cook Lake Prospect is located within Grenfell and Teck Townships. The property itself consists of 52 claims totalling 1,000 hectares on NTS Map Sheet 42A/1. The centre of the Cook Lake Prospect is located approximately 10 kilometres west of the centre of the town of Kirkland Lake Ontario. The property is readily accessible by road from Kirkland Lake.

The Cook Lake Prospect is situated in the central part of the Abitibi Greenstone Belt within the Kinojevis South Assemblage of volcanic and intrusive rocks. The main structural feature in the area of the Cook Lake Prospect is the roughly east-west trending Cadillac-Larder Lake Fault Zone that lies just south of the Kinojevis South assemblage.

Historical gold production from the Kirkland Lake Mining District is the second highest in Canada following the Timmins area of Ontario. Historic Gold Production (oz) between the period of 1891-2020 47,214,690 ounces of gold from 189,936,097 tons milled at an average grade of 0.249g/t gold (MENDM statistics).

Mapping of the Cook Lake Prospect allowed for the recognition of several volcanic units intruded by a large gabbroic mass. This sequence is in turn crosscut by dykes of syenite porphyry and of diabase.

The rocks of the property are generally unaltered except for a large halo of alteration of probable hydrothermal origin located south of Davis Lake. This alteration is intimately associated with a breccia (possibly phreatic) volcanic facies and is locally associated with stringers of pyrite and pyrrhotite.

In 1929, on the northwest side of Cook Lake, Scott-Kirkland Gold Mines Limited sank shaft #1 to a depth of 32 feet. At this depth, a 22-foot drift encountered a parallel vein, three feet of which gave a gold content of $54.35 (2.63 opt Au) per ton. The average price of gold in 1929 was $20.63 per ounce (Reid, A.; 1929).

On the northwest shore of Davis Lake approximately 1.25 miles north of Shaft No. 1 a second shaft was sunk to a depth of 58 feet. This shaft encountered a dike at a depth of 54 feet. Channel assays at this footage are reported as $13.40 (0.649 opt Au), $34.00 (1.648 opt Au) and $2.60 (0.0012 opt Au). At a depth of 56 feet a vein with an average width of 22 feet, gave gold values of $75.20 (3.645 opt Au) and $133.20 (6.456 opt Au) across 3 feet (Reid, A.; 1929).

Murdoch Creek Fault Prospect

The Murdoch Creek Fault Creek Prospect is located within Lebel, Morrisette and Arnold Townships. The property itself consists of 68 contiguous claims that form an irregular block totalling 1,245 hectares on NTS Map Sheet 32D/04. Access to the western part of the property is via gravel and bush roads that extend north from the village of King Kirkland. The eastern and central portions of the property can be accessed by boat from McTavish and Victoria Lakes at the north end of the Bidgood Mine Road located approximately 1 kilometre east of the village of King Kirkland.

The north and north-western parts of the property are underlain by the volcanic rocks of the lower unit of the Blake River Group. Volcanic rocks of the Upper Unit of the Tisdale Group underlie the south-east part of the property under Victoria Lake. Timiskaming Group sedimentary rocks are found in the extreme south-west portion of the property.

The main structural feature on the property is the Murdoch Creek Fault which strikes across the property in a north-easterly direction. This regional fault structure appears to be a splay of the Kirkland Lake Main Break (Duess, 1995). A subsidiary fault structure, the Misema-Mist Lake Fault, strikes across the southern portion of the property in an east north-easterly direction.

Several alteration zones and mineralized showings are present on the property. More than twenty rock blast sites as well as three small exploration shafts are present at many of these zones and showings. Two surface samples from the Murdoch Creek Fault in the area of the Ronal Red Lake Gold Mines Limited exploration shaft have reported metal values of more than one ounce of gold per ton (Rupert and Lovell, 1970).

The seven historic mines on the Kirkland Lake Main Break produced in excess of 24 million ounces of gold and over 4 million ounces of silver from an area stretching for about 7 km of strike (MENDM statistics).

Historical gold production from the Kirkland Lake Mining District is the second highest in Canada following the Timmins area of Ontario. Historic Gold Production (oz) between the period of 1891-2020 47,214,690 ounces of gold from 189,936,097 tons milled at an average grade of 0.249g/t gold (MENDM statistics).

Perestroika Prospect

The Perestroika Prospect is located within Courville Township, Quebec, approximately 10 kilometres southwest of the town of Barraute. The property itself consists of 8 contiguous CDCs covering a total area of 325.43 hectares on NTS map sheet 32C/05 and 32C/06.

Previous reported exploration work on the property dating back to 1937-38 established the presence of gold mineralization associated with a corridor of intense deformation and alteration within the WNW-trending Uniacke Deformation Corridor (inferred as the eastern extension of the prolific Destor-Porcupine Deformation Zone). Two mineralized outcrops were located, prospected, stripped, sampled and drill tested over the period from 1937 to 1997 prior to Golden Valley Mines acquisition of the property. The showings are referred to as the Central Stripped Area – "Uniacke Shear" and the West Stripped Area – "Glasnost Zone."

Drilling in 1996-97 (96PER-03) on the "Uniacke Shear" identified two separate shear zone systems (North and South Shear respectively), with the southern shear associated with two low-grade mineralized zones intersecting 5.79 metres averaging 1.48 g/t Au and 4.86 metres averaging 2.13 g/t Au with higher grade, quartz vein hosted gold mineralization assaying up to 11.05 g/t Au. Drilling at the "Glasnost Showing" located approximately 250 metres west, verified previous high-grade assay results and returned an intersection of 0.46 metres grading 33.56 g/t Au from a hematized and quartz fractured felsic porphyry dike hosting 5% pyrite (GM 54860).

The most recent drilling activity on the property was completed in 2009 by Golden Valley Mines and Royalties. The objective of the two (2) hole, 495-metre diamond drilling program was to test for the depth extension of the mineralization within the "Uniacke Shear" (GPS-09-01) as well as to test for the southeast strike extension of the "Glasnost Showing" (GPS-09-02) under an overburden covered area of the property on section 800W (see attached figure for details). Also, special consideration was given to detailed logging and sampling to establish a better control of the system of mineralization related to lithological units (i.e., felsic porphyritic rocks), shearing, alteration (i.e. hematite) assemblages, sulphide types and percentages (i.e. pyrite), and quartz veining (i.e. orientation, morphology, timing). Often the complex, erratic, and localized nature of gold is a common feature of many vein-style gold deposits. This style of mineralization is often referred to as being nuggety or possessing a high-nugget effect. Accordingly, diamond drilling in this program utilized large diameter coring technologies.

The drilling conducted on section 800W has confirmed and expanded the historical gold mineralization. Both GPS-09-01 and GPS-09-02 intersected the projected "Uniacke Shear" zone mineralization, up and downdip to include an intersection of 2.40 metres averaging 3.48g/t Au (GPS-09-02). The downdip strike extent of this shear-zone related mineralization and the historical mineralized zones intersected in 96PER-03 appears to may have been truncated and possible offset by a felsic to intermediate intrusion (granodiorite to diorite) at depth on this section 800W drilled. A possible parallel mineralized zone in GPS-09-02 was intersected within porphyritic quartz-diorite unit from 75.4 to 82.5 metres that was not tested by 96PER-03. A visible gold occurrence at 78.75 to 79.15 metres is hosted by late quartz-ankerite veins with up to 7% pyrite and traces of chalcopyrite. This 0.40 metre interval graded 9.94 g/t Au within a wider intersection of 1.30 metres averaging 4.09 g/t Au from 77.85 to 79.15 metres (GM 64981).

The "Glasnost Showing" intersected in both the drillholes GPS-09-01 and GPS-09-02 occurs in highly deformed, sheared and mylonitized, quartz-diorite to granodiorite penetrated by quartz-ankerite veins mineralized with visible gold, 2% to 8% pyrite and 0.1% to 0.5% chalcopyrite in the hostrock. In hole GPS-09-01, an intersection of 1.15 metres grading 59.52 g/t Au, including 0.30 metres grading 217g/t Au was intersected from 261.65 to 262.80 metres. In drillhole GPS-09-02, (part of or another parallel zone to the south of the "Glasnost Showing") is hosted in a sequence of variable sheared quartz diorite intrusions penetrated by several feldspar porphyry dykes (quartz-syenite composition) from 140.4 to 143.90 metres. Quartz-ankerite veins cut the intrusive rocks. They host 3% to 4% pyrite. Visible gold occurrences at 143.3m graded 20.69 g/t Au over 3.05 metres within a wider intersection averaging 3.50 metres grading 18.08 g/t Au (GM 64981).

Gold mineralization appears to occur in a highly deformed environment consisting of sheared and mylonitized quartz diorite and granodiorite intrusives, penetrated by a late intrusive phase of altered (hematized and sericitized) feldspar porphyry dikes (quartz syenite composition). The intrusive rocks are x-cut by a stockwork of quartz-ankerite veining (3% to 8%) hosting 2% to 5% pyrite, traces of chalcopyrite and visible gold occurrences. The feldspar porphyries may have created a favourable hydrothermal remobilizing environment as well as the movement of fluids up along deformed sections.

Drilling successfully intersected multiple zones of significant high-grade gold mineralization on the property that is now inferred to occur within a distinctive mineralized trend striking NW-SW for approximately 700 metres.

Qualified Person

Michael P. Rosatelli, P.Geo. (OGQ Special Authorization Permit; PGO #0855), the Vice President of Exploration of Golden Valley is the Qualified Person (as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) who approved the technical disclosures included in this news release.

About Golden Valley Mines and Royalties Ltd.

Golden Valley Mines and Royalties Ltd. is focused on project and royalty generation and continues to evaluate opportunities to enhance its mining exploration property portfolio. Golden Valley is able to grow its current assets by way of partner-funded option/joint ventures and through its shareholdings in related-entities.

For additional information, please contact:

Golden Valley Mines and Royalties Ltd.

Glenn Mullan, President & CEO
Tel.: 1-819-824-2808 ext.204
Email: glenn.mullan@gvmroyalties.com

Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99571

VANCOUVER, British Columbia, Oct. 15, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce that the company will be presenting at Red Cloud's 2021 Oktoberfest Fall Mining Showcase and PI Financial’s “Uranium Day 2.0: The Emerging Uranium Opportunity”. We invite our shareholders and all interested parties to join us there.

Red Cloud’s 2021 Oktoberfest Fall Mining Showcase:

The annual conference will be a virtual event this year and will take place from October 18-20, 2021. Jordan Trimble, President and CEO will be presenting on Wednesday, October 20^th at 12:30PM PST (3:30PM EST).

For More Information and to Register for the Conference:
https://www.redcloudfs.com/oktoberfest2021/

PI Financial’s Uranium Day 2.0: The Emerging Uranium Opportunity:

PI’s conference will be a virtual event and will take place on October 27^th, 2021. Jordan Trimble will be presenting at 12:10pm PST (3:10pm EST).

For More Information and to Register for the Conference:
https://zoom.us/webinar/register/WN_v180HBQYTem4atpfZ2bG-A

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects covering over 250,000 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U₃O₈ over 5.9 metres including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265 metres. The Company is actively advancing the project through drill programs.

Skyharbour has a joint-venture with industry-leader Orano Canada Inc. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project. Skyharbour also has a joint-venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.

The Company also owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin, which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U₃O₈ at 0.03% and 5.3 million pounds of ThO₂ at 0.023%. Skyharbour has signed a Definitive Agreement with ASX-listed Valor Resources on the Hooke Lake (previously North Falcon Point) Uranium Project whereby Valor can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance.

Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/maps/SYH-Athabasca-Map.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

“Jordan Trimble”
_____________________

Jordan Trimble
President and CEO

For further information contact myself or:
Riley Trimble
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

NEW YORK, Oct. 15, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced the third quarter 2021 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.

The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was down 2.0% in the third quarter. Seventy-one new companies were added to the index, including: Blackbird PLC (OTCQX: BBRDF); Cansortium Inc. (OTCQX: CNTMF); Giga Metals Corp (OTCQX: HNCKF); Nobility Homes, Inc. (OTCQX: NOBH); Solvay S.A. (OTCQX: SLVYY); Tidewater Inc. (OTCQX: TDGMW), and White Gold Corp. (OTCQX: WHGOF). Fifty-two were removed from the index including: Standard Lithium Ltd. (SLI) which graduated to NYSE MKT and Nomad Royalty Company Ltd. (NSR) which graduated to the NYSE. Vicinity Motor Corp. (VEV), Field Trip Health Ltd. (FTRP), CPI Card Group Inc. (PMTS), Orange County Bancorp, Inc. (OBT), Cardiol Therapeutics Inc. (CRDL), VIQ Solutions Inc., Sono-Tek Corp. (SOTK), Bragg Gaming Group Inc. (BRAG), Lightwave Logic, Inc. (LWLG), Destination XL Group, Inc. (DXLG), and Peak Fintech Group Inc. (TNT) graduated to NASDAQ.

The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was down 1.7% for the quarter. Six companies were added to the index including: Ascend Wellness Holdings, Inc. (OTCQX: AAWH); Bitwise 10 Crypto Index Fund (OTCQX: BITW); NOVONIX LTD. (OTCQX: NVNXF); Paladin Energy Ltd. (OTCQX: PALAF); Voyager Digital Ltd. (OTCQX: VYGVF) and Wesdome Gold Mines Ltd. (OTCQX: WDOFF). Eleven were removed.

The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, was down 1.4% in the quarter. Nineteen new companies were added to the index including: Abitibi Royalties, Inc. (OTCQX: ATBYF); Dimeco, Inc. (OTCQX: DIMC); InsCorp, Inc. (OTCQX: IBTN) and Nobility Homes, Inc. (OTCQX: NOBH). Seventeen companies were removed.

The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 2.0% in the third quarter. Ten banks were added to the index in the quarter and thirteen companies were removed. The ten banks added were: CNB Bank Shares, Inc. (OTCQX: CNBN); Dacotah Banks, Inc.; (OTCQX: DBIN): Dimeco, Inc. (OTCQX: DIMC); BAYFIRST FINL CORP. (OTCQX: FHBI); 1st Capital Bancorp (OTCQX: FISB); Grand River Commerce Inc. (OTCQX: GNRV); High Country Bancorp, Inc. (OTCQX: HCBC); US Metro Bancorp (OTCQX: USMT); Valley Republic Bancorp (OTCQX: VLLX) and Westbury Bancorp, Inc. (OTCQX: WBBW).

The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 2.2% for the quarter. One hundred fifty-one companies were added to the index including: Aldebaran Resources Inc. (OTCQX: ADBRF); Barksdale Resources Corp. (OTCQX: BRKCF); Eve and Co Incorporated (OTCQX: EEVVF); Laramide Resources Ltd. (OTCQX: LMRXF); Orogen Royalties Inc. (OTCQX: OGNRF); Petrus Resources Ltd. (OTCQX: PTRUF) and Star Royalties Ltd. (OTCQX: STRFF). Twenty companies were removed.

The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 12.7% in the third quarter. Thirty-nine companies were added to the index and twenty-five companies were removed.

OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was up 1.7% in the third quarter. Eighteen companies were added to the index and twenty-five companies were removed.

OTCQX Cannabis Index (.OTCQXMJ), a benchmark for cannabis companies, was down 21.2% in the third quarter. Fifteen new companies joined the index. The fifteen companies added were: Avant Brands Inc. (OTCQX: AVTBF); Delta 9 Cannabis Inc. (OTCQX: DLTNF); Harborside Inc. (OTCQX: HBORF); Mountain Valley MD Holdings Inc. (OTCQX: MVMDF); THC BioMed Intl Ltd. (OTCQX: THCBF) and Unrivaled Brands, Inc. (OTCQX: UNRV). Sixty-six companies were removed.

The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 13.1% in the third quarter. One hundred thirty-eight companies were added to the index including: Acme Lithium Inc. (OTCQB: ACLHF); Bionexus Gene Lab Corp. (OTCQB: BGLC); Emmaus Life Sciences, Inc. (OTCQB: EMMAW); GABY INC. (OTCQB: GABY); Intellinetics, Inc. (OTCQB: INLX); LFTD Partners Inc. (OTCQB: LSFP); PHX Energy Services Corp. (OTCQB: PHXHF); Tokens.com Corp. (OTCQB: SMURF) and ZEPHYR ENERGY PLC. (OTCQB: ZPHRF). One hundred sixteen companies were removed.

For a list of all index additions and deletions, visit
https://www.otcmarkets.com/files/Quarterly_Index_Constituent_Changes.pdf

All indexes are market capitalization-weighted and adjusted on a quarterly basis for additions and share changes over 5% during the months of March, June, September and December. In the case of ADRs, the DR ratio is considered. Dividends are re-invested as of the close of business the day before the ex-dividend date.

The OTCQX Composite Index, OTCQX Billion+ Index, OTCQX Dividend Index, OTCQX International Index, OTCQX U.S. Index, OTCQX Banks Index, OTCQX Cannabis Index, and OTCQB Venture Index have minimum liquidity screens to ensure tradability.

All index data is priced in real-time and is available on the OTC Markets Group website, www.otcmarkets.com, and via major financial data distributors and websites, including Bloomberg, Reuters and FT.com.

Past performance does not guarantee future results. Investors cannot invest directly in any of these indexes.

OTC Markets Group Inc. provides no advice, recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/otc-markets-group-announces-quarterly-index-performance-and-rebalancing-301401493.html

SOURCE OTC Markets Group Inc.

Not for distribution to United States newswire services or for dissemination in the United States

VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI) (OTCQB:LIACF) (Frankfurt:5LA1) is pleased to announce that it has entered into an agreement with Eight Capital, on behalf of a syndicate of agents including Echelon Wealth Partners Inc. and TD Securities Inc., as co-lead agents and joint bookrunners (together the “Agents”) pursuant to which the Corporation has launched a private placement of up to 7,548,000 units (the “Units”), at an offering price of $2.65 per Unit (the “Issue Price”), for aggregate gross proceeds of up to $20,002,200 (the “Offering”).

Each Unit will be comprised of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $4.00 per Share, for a period of 24 months following the closing of the Offering.

The Corporation has also granted the Agents an option to offer for sale up to an additional 1,887,000 Units at the Issue Price, exercisable at any time until 48 hours prior to Closing, to cover over-allotments, if any.

The gross proceeds of the Offering will be used for exploration and development of the Company’s TLC Project, Falchani Project and the Macusani Project, and for working capital and general corporate purposes.

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

The Offering is scheduled to close on or about November 3, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange. All securities to be issued in connection with the Offering will be subject to a statutory hold period expiring four-months-and-one-day following closing of the Offering.

About American Lithium

American Lithium, a member of the TSX Venture 50, is actively engaged in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on enabling the shift to the new energy paradigm through the continued exploration and development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been through preliminary economic assessments, exhibit strong additional exploration potential and are situated near significant infrastructure.

The TSX Venture 50 is a ranking of the top performers in each of industry sectors in the TSX Venture Exchange over the last year.

For more information, please contact the Company atinfo@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.

Follow us on Facebook, Twitter and LinkedIn.

On behalf of the Board of Directors of American Lithium Corp.

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

American Lithium Corp.

Email: info@americanlithiumcorp.com

Website: www.americanlithiumcorp.com

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

Forward-Looking Statements

Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Statements in this release that are forward-looking information, include, without limitation, use of proceeds from the placement. Information provided in this release is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in American Lithium's most recently filed Annual Information Form and MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We note that Tasman Resources Ltd (ASX:TAS) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.

Why Does Debt Bring Risk?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

Check out our latest analysis for Tasman Resources

How Much Debt Does Tasman Resources Carry?

You can click the graphic below for the historical numbers, but it shows that Tasman Resources had AU$5.26m of debt in June 2021, down from AU$6.03m, one year before. But it also has AU$6.01m in cash to offset that, meaning it has AU$754.9k net cash.

How Strong Is Tasman Resources' Balance Sheet?

We can see from the most recent balance sheet that Tasman Resources had liabilities of AU$5.92m falling due within a year, and liabilities of AU$504.5k due beyond that. On the other hand, it had cash of AU$6.01m and AU$599.7k worth of receivables due within a year. So it can boast AU$188.1k more liquid assets than total liabilities.

Having regard to Tasman Resources' size, it seems that its liquid assets are well balanced with its total liabilities. So while it's hard to imagine that the AU$18.8m company is struggling for cash, we still think it's worth monitoring its balance sheet. Succinctly put, Tasman Resources boasts net cash, so it's fair to say it does not have a heavy debt load! There's no doubt that we learn most about debt from the balance sheet. But you can't view debt in total isolation; since Tasman Resources will need earnings to service that debt. So when considering debt, it's definitely worth looking at the earnings trend. Click here for an interactive snapshot.

Over 12 months, Tasman Resources reported revenue of AU$3.3m, which is a gain of 35%, although it did not report any earnings before interest and tax. With any luck the company will be able to grow its way to profitability.

So How Risky Is Tasman Resources?

We have no doubt that loss making companies are, in general, riskier than profitable ones. And in the last year Tasman Resources had an earnings before interest and tax (EBIT) loss, truth be told. And over the same period it saw negative free cash outflow of AU$9.3m and booked a AU$2.7m accounting loss. Given it only has net cash of AU$754.9k, the company may need to raise more capital if it doesn't reach break-even soon. Tasman Resources's revenue growth shone bright over the last year, so it may well be in a position to turn a profit in due course. Pre-profit companies are often risky, but they can also offer great rewards. When analysing debt levels, the balance sheet is the obvious place to start. However, not all investment risk resides within the balance sheet – far from it. To that end, you should learn about the 5 warning signs we've spotted with Tasman Resources (including 1 which doesn't sit too well with us) .

If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out our list of net cash growth stocks without delay.

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.

(Bloomberg) — Coal prices are likely to remain high after soaring to new records on strengthening power demand and challenges in key supplier nations, according to a major Australian producer.

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High-quality thermal coal at Newcastle port in Australia, the benchmark in Asia, the world’s largest market for the fuel, averaged $167.52 a ton in the quarter ending Sept. 30 from $52 a ton in the same period a year earlier, Whitehaven Coal Ltd. said Thursday in a production report statement.

“Both thermal and metallurgical coal prices are forecast to remain well supported due to strong demand and continuing supply tightness,” the Sydney-based supplier said. The Newcastle coal index was at $232.06 a ton as of Wednesday, according to the company.

Rising demand for the fuel driven by global efforts to spur industrial activity and boost growth after the impact of coronavirus has collided with waning output from mine hubs. That’s led to shortfalls in Europe to China and India, prompting curbs on electricity consumption and power outages.

Read more: Coal Surges to Record as Global Scramble for Energy Accelerates

The impact of the heavy rainfall and government restrictions on exports from Indonesia have tightened volumes of seaborne coal, while the market has also been impacted by logistics issues in Russia, South Africa and Australia’s Hunter Valley region, Whitehaven said in its statement.

That’s been a particular issue for China, the top producer and consumer of the fuel. The National Development and Reform Commission, China’s top planning agency, pledged Wednesday to boost local output and raise imports to ensure sufficient supply through winter.

“China’s dependence on the seaborne market remains strong,” Whitehaven said. “Attempts to expand domestic coal production have been disappointing against a backdrop of strengthening energy demand.”

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©2021 Bloomberg L.P.

Divestment of Narrabri thermal coal royalty for consideration of up to $36 million

LONDON, UK / ACCESSWIRE / October 14, 2021 / Anglo Pacific Group PLC ("Anglo Pacific" the "Company" or the "Group") (LSE:APF, TSX:APY) is pleased to announce its exit from thermal coal by entering into an agreement to sell its 1% gross revenue royalty over the Narrabri mine to the operator, Whitehaven Coal Limited ("Whitehaven") for consideration of up to $36 million.

The consideration is structured as fixed payments totalling $21.6 million, along with contingent payments which could generate a further $14 million. The transaction is expected to close on 31 December 2021, with no material conditions precedent to closing. Anglo Pacific will continue to receive royalties from Narrabri until the end of the current calendar year.

This transaction significantly improves the Group's carbon footprint with a remaining portfolio of assets now increasingly weighted towards cobalt, vanadium, copper and nickel – commodities which will be essential to decarbonise energy generation in the years ahead.

Highlights

• $21.6 million fixed consideration, to be received in instalments until 31 December 2026, of which ~$13 million will be received within 18 months of the transaction close date

• Contingent consideration of a further estimated $14 million depending on future coal price levels, Narrabri sales volumes and the successful permitting of the Narrabri South extension

• H2 2021 Narrabri royalty income estimated at $1 – 2 million to be paid to Anglo Pacific, a period which is seeing elevated thermal coal prices

• Increases Anglo Pacific's portfolio contribution from 21^st century commodities that support a more sustainable world

• Provides Anglo Pacific with the opportunity to redeploy capital into further acquisitions

Anglo Pacific CEO, Julian Treger, commented:

"I am delighted to announce that we have entered into an agreement to sell the Narrabri thermal coal royalty, which is aligned with our strategy and represents a further step in focusing on the investment in 21^st century commodities supporting a more sustainable world.

This transaction is consistent with our stated strategy of moving away from carbon-based energy exposure, as demonstrated by our investments in copper, nickel, vanadium, uranium and most recently the transformational $205 million Voisey's Bay cobalt stream acquired earlier this year.

Whitehaven was selected as the preferred bidder following a competitive sales process, on the basis of an offer which we considered to provide maximum value to Anglo Pacific shareholders. We intend to deploy the proceeds from this transaction into further acquisitions, including to partially fund the upcoming $20 million Incoa calcium carbonate financing which is likely to occur in H1 2022."

The Transaction

Anglo Pacific has entered into an agreement to sell its Narrabri thermal coal royalty to a subsidiary of Whitehaven. The transaction is expected to close on 31 December 2021 with no material conditions precedent to closing, and the Group will continue to be entitled to receive H2 2021 Narrabri royalty income, estimated at $1 – 2 million.

Anglo Pacific will receive $21.6 million in fixed payments, of which ~$13 million is due within 18 months of the transaction close date. The remainder will be received in annual instalments until the end of 2026.

Contingent payments totalling $5 million, payable in instalments, will become receivable upon the approval of the Narrabri South extension project by state and federal authorities in Australia, prior to 31 December 2026.

In addition, Anglo Pacific is entitled to receive bi-annual contingent payments linked to future realised Narrabri coal prices ranging from $0.05/t if realised prices exceed $90/t to $0.25/t if realised coal prices exceed $150/t up to the end of calendar year 2026. Assuming Narrabri ROM production of 4.3-5.0 million tonnes for fiscal year 2022 and 7.0-8.5 million tonnes per annum in the southern panels, the Company would be entitled to receive approximately $9 million in price linked contingent payments, were realised Narrabri coal prices to be in excess of $150/t.

History

Anglo Pacific acquired the Narrabri royalty for $65 million in March 2015. As at 31 December 2021, the Narrabri royalty is expected to have a carrying value of approximately $45 million based on amortised cost. Since its acquisition, Anglo Pacific has received approximately $32 million in royalty income, with a further $1 – 2 million expected before year-end 2021.

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.

Unless otherwise stated, all figures quoted are in US$ denomination.

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/668114/Anglo-Pacific-Group-PLC-Announces-Divestment-of-Narrabri-thermal-coal-royalty

LONDON/MELBOURNE, Oct 14 (Reuters) – BHP Group investors look set to offer a lukewarm assessment of the miner's climate change roadmap on Thursday, due to concerns that its long-term plans to tackle its customers' greenhouse gas emissions do not go far enough.

BHP has said it is pursuing the goal of net zero emissions by 2050 for its customers, including the heavily polluting steel industry. But it has stopped short of setting a target largely due to uncertainties over how technology would develop.

The miner wants investors to endorse its climate action plan at its shareholder meeting in London on Thursday, but the response has been mixed.

Advisors Glass Lewis and the Local Authority Pension Fund Forum (LAPFF) recommended that investors vote against the plan while ISS offered qualified support.

LAPFF said it was not aligned with the global treaty on climate change adopted in Paris in 2015 "and appears to rely too heavily on carbon capture and offsetting as a means of carbon reduction". It did however commend BHP's steps to cut carbon emissions.

Glass Lewis said it "did not appear that (BHP's) emissions targets were science-based" and that the company was not specific enough around disclosures of customer emissions.

ISS recommended investors vote for the "reasonable" plan and continue to engage with the company as its targets evolve.

"Investors have been clear that they want an opportunity to have a say on our approach to climate, and we know they are seeking more information and transparency," a BHP spokesman said.

BHP said it has found support from shareholders including Climate Action 100+, the world's largest investor engagement initiative on climate change, which said it looked forward to ongoing dialogue over a plan it called "a realistic statement of the challenges faced."

BHP's Australian peer Fortescue Metals Group raised the stakes on iron ore producers this month by setting a 2040 target to achieve net zero customer emissions.

Factbox of major miner plans to cut emissions.

BHP's Australian shareholder meeting is on Nov. 11. (Reporting by Clara Denina in London and Melanie Burton in Melbourne; editing by John Stonestreet)

MELBOURNE, Australia, October 14, 2021–(BUSINESS WIRE)–Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local businesses and representatives from local government to celebrate the official opening of its new community ‘Hub’ in Karratha.

Located on Ngarluma country in the heart of Karratha’s CBD, the new Rio Tinto Karratha Hub will make it easier for local people to connect with our busines.

The modern space constructed by lead contractor GBSC Yurra in conjunction with other local businesses, features a meeting room named by Ngarluma elders in recognition of its location on Ngarluma country, work stations, kitchen facilities and local artwork.

Rio Tinto hopes the "Marunharri" room, which means "big mob" in Ngarluma language, will become a place of listening, learning and collarboration between Rio Tinto and the Karratha community.

The Hub will be open to the public on weekdays from 9am to 4pm and visitors are encouraged to get to know their local Rio Tinto team. People can visit the Hub to ask questions about employment and training opportunities, local procurement including the ‘Buy Local’ initiative, opportunities for Pilbara Aboriginal businesses and community grant funding.

Rio Tinto Iron Ore chief executive, Simon Trott said "Karratha is home to many of our employees, local suppliers, as well as government, community and Traditional Owner partners and is critical to our operations.

"The new hub builds on the work we have been doing with the City of Karratha to enhance community life through new and improved services throughout the region."

Rio Tinto Iron Ore managing director of Port, Rail and Core Services, Richard Cohen said "It is great to see the Rio Tinto sign in the main street of town. Rio Tinto is proud of its long connection to the Karratha community and I expect the new hub will further strenghten our ties with local business, community groups and any locals who want to connect with our team.

"The opening of this new hub, a place designed specifically for local people to feel welcome and connected to our company, is part of our commitment to being a good local and to help to build thriving communities."

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005440/en/

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riotinto.com

Category: Pilbara

NEW YORK, October 14, 2021–(BUSINESS WIRE)–Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today announced that Krishna McVey has joined the Company as Vice President of Human Resources. Reporting to Chief Executive Officer, Keith Phillips, Ms. McVey brings a broad, multi-dimensional background in human resources to Piedmont that includes experience in all aspects of labor and employment law and human capital management. Over her career Ms. McVey has led several complex, transformational organizational initiatives, as well as leading talent acquisition and management, design and implementation of compensation performance systems, and the formulation of a wide range of organizational policies for multinational, multi-business unit companies.

"Kris is a welcome addition to our expanding leadership team, and we feel extremely fortunate to have someone with her background and unique skillset join the Piedmont family," said CEO, Keith Phillips. "As we evolve from a pre-production, pre-revenue company, to a global, multi-asset organization with a growing workforce that could reach nearly 500 teammates, Kris’ diverse, international leadership experience will be invaluable in helping us build a world-class company, with a world-class culture, and world-class HR systems and practices."

Ms. McVey joins Piedmont from TC Transcontinental Packaging where she rose from Global Director of Human Resources to Vice President of Human Resources and U.S. Labor Relations. In her most recent role, she oversaw all human resources activities for TC’s largest consumer packaging segment, including cultural change management initiatives, and labor relations strategies in the U.S. and Canada. Prior to her time at TC Transcontinental, she had a 15-year career with Michelin with positions in both France and North America. She began her tenure at Michelin as Associate General Counsel, then progressed through the organization to become Director of Human Resources with the Aircraft Tire Division of Michelin North America where she developed policies and procedures for both the hourly and salaried population of the 500-employee operation. Ms. McVey began her career in private practice with the law firm Edwards Ballard where she represented a variety of private and public employers developing human resources policies and diversity programs, while providing extensive legal training to clients in all areas of human resources and employee relations.

Ms. McVey earned her Juris Doctor in Labor and Employment Law from the University of South Carolina School of Law, her Master of Human Resources from the Darla Moore School of Business at the University of South Carolina, as well as her Bachelor of Arts (French) degree from the University of South Carolina. Over her career, Ms. McVey has served on the Board of several philanthropic and community organizations, including SAFE Homes/Rape Crisis, the United Way of Stanly County, and the Centralina Workforce Development Board.

About Piedmont Lithium

Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in-demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005197/en/

Contacts

Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com

Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

(Bloomberg) — BHP Group’s London investors voted to support the biggest mining company’s climate change plan, despite some opponents of the strategy saying it doesn’t go far enough.

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BHP’s has said it will target net-zero greenhouse gas emissions from its direct suppliers and the shipment of its products by 2050. But the miner stopped short of extending that to steelmaking customers due to what it describes as the technical challenges facing the industry.

That refusal to set hard targets for its customers’ pollution, which account for 96% of its overall emissions, drew criticism from some investors, including prominent advisory firm Glass, Lewis & Co., which urged shareholders to vote down the plan. Most ignored that advice, with 83% of the BHP’s London investors supporting the plan at the company’s annual meeting on Thursday.

“There’s a need for urgent action, many different views about what that action should look like and you see that coming forward in the way that some parties are reacting to the plan,” BHP Chief Executive Officer Mike Henry said after the meeting in London.

The company’s Australian investor base will vote next month, before full results are released.

The world’s top miners are seeking to reassure investors they can curb their environmental impact amid growing pressure from shareholders and advocacy groups. Scope 3 emissions — created when customers such as Chinese steel mills use the raw materials they mine — are among the hardest to reduce. Miners such as BHP say they can’t give hard targets before the technology to curb that pollution has been proven.

“As our understanding of the underlying opportunities continues to evolve, as technologies continue to evolve, we will refresh the direction we are traveling and the goals and target we’ve set,” Henry said.

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CRANBROOK, BC / ACCESSWIRE / October 14, 2021 / Eagle Plains Resources (TSXV:EPL) is pleased to announce that option partner Rockridge Resources Ltd. (ROCK)(RRRLF)(RR0) ("Rockridge") has completed its geophysical program at the Knife Lake Copper Project located in Saskatchewan, Canada (the "Knife Lake Project" or "Property"). The Knife Lake Project, consisting of 81 claims totaling 55,471 hectares (137,069 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan host to the Knife Lake Deposit. Additional field work is planned to commence shortly in preparation for a diamond drill program.

Rockridge holds the exclusive option from Eagle Plains to acquire a 100% interest in the Property that covers the Knife Lake Cu-Zn-Ag-Co VMS deposit (details following). The contiguous claims are located approximately 50 km northwest of Sandy Bay, Saskatchewan. A 357kV powerline runs within 16 km of the Knife Lake Deposit area.

See Knife Lake VMS Project Location Map here

Field crews have completed a helicopter-borne electromagnetic (EM) and horizontal magnetic gradiometer geophysical survey utilizing Geotech Ltd.'s VTEM Plus System. The 610-line kilometer survey covered highly prospective VMS stratigraphy in the Gilbert Lake target area, never before surveyed using modern time-domain geophysics. Data from the survey is currently being interpreted and any potential conductors will be prioritized for geophysical modelling. Mineralized drill intersections at the Gilbert Lake target area have proven that VTEM plus is a valuable exploration tool for identifying VMS-style mineralization within prospective stratigraphy on the Property, increasing discovery potential in regional target areas.

See Knife Lake Project VTEM Coverage Map here

Knife Lake Geology and History

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

See Knife Lake Deposit Map here

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

Rockridge has completed twenty-four holes consisting of 3096 metres of diamond drilling in the 2019 and 2021 winter drilling programs. This represented the first drilling on the property since 2001. Both programs have given Rockridge's technical team valuable insights into the property geology, alteration, and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

Highlights from the drill programs include previously reported hole KF19003 which intersected net-textured to semi-massive sulphide mineralization from 11.2m to 48.8m downhole. This 37.6 metre interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn, and 0.01% Co for an estimated 2.42% CuEq. Additionally, previously reported drill hole KF19001 intersected net-textured to fracture-controlled sulphide mineralization from 7.5 metres to 40.6 metres downhole. This 33.1 metre interval returned 1.28% Cu, 0.12 g/t Au, 4.80 g/t Ag, 0.13% Zn, and 0.01% Co for an estimated 1.49% CuEq.

In August 2019, Rockridge announced a maiden NI 43-101 resource estimate for the Knife Lake deposit which consisted of a pit-constrained indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource of 7.9 million tonnes at 0.67% CuEq using a 0.4% CuEq cut-off. For more information please refer to the News Release dated August 14^th, 2019 or the NI 43-101 Technical Report on the Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.

Knife Lake Option Agreement Details

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

Qualified Person

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

About Eagle Plains Resources

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

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

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

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

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Eagle Plains Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/668013/Eagle-Plains-Partner-Rockridge-Resources-Completes-VTEM-Geophysical-Program-at-the-Knife-Lake-Copper-Project-Saskatchewan

100% Owned Keymet Precious & Base Metal Property, New Brunswick

VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / GREAT ATLANTIC ESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it is completed the 2021 diamond drilling program at its Keymet Base Metal – Precious Metal Project, located in Northern New Brunswick. The drilling program, consisting of 10 holes (2,061 meters) tested testing numerous targets in the northwest region of the property. Veins containing semi-massive sulfides (including copper, zinc and lead sulfides) and arsenopyrite (an indicator for potential gold mineralization) were intersected in multiple holes. Analytical results are pending.

Sphalerite mineralization in drill hole Ky-21-30

The ten drill holes (Ky-21-23 to Ky-21-32) tested areas of polymetallic (zinc, copper, lead and silver) veins; untested electromagnetic anomalies; and gold bearing bedrock and float.

The Company previously discovered high grade gold, silver, copper and zinc in this region, including a drill intercept of 9.04% zinc, 9.19% copper and 1,158 gams per tonne (g/t) silver over 3.00 meters core length and a boulder sample returning 51 grams / tonne (g/t) gold.

Seven drill holes intersected veins hosting copper, zinc and / or lead sulfide mineralization, including veins with semi-massive sulfides. These include drill holes Ky-21-23 which tested the possible extension of the Elmtree Silver Mine vein occurrence southeast of the historic shaft; Ky-21-25 which tested a new target area; Ky-21-27, Ky-21-28, Ky-21-30, and Ky-21-31 which tested the Elmtree 12 polymetallic vein system; and Ky-21-29 which was the first drill hole into an electromagnetic anomaly.

Six drill holes (Ky-21-25 to Ky-21-30) intersected intervals with arsenopyrite mineralization. Previous work by the Company has identified gold mineralization associated with arsenopyrite mineralization in this region of the property.

The drill core is being geologically logged and with mineralized intervals (with base metal sulfides and arsenopyrite) being sampled. Half core samples will be submitted to an independent laboratory for multi-element analysis (including gold, zinc, copper, lead and silver).

High grade silver and lead is reported at the Emtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development.

Great Atlantic discovered high-grade zinc, copper and silver mineralization at the Emtree 12 polymetallic vein system during 2015 – 2018 drilling programs including:

• Ky-15-3: 16.68% Zn, 1.11% Cu, 0.44% Pb and 152 g/t Ag over 1.80 meters.

• Ky-15-4: 8.68% Zn, 0.29% Cu, 0.20% Pb and 44 g/t Ag over 4.28 meters.

• Ky-17-6: 7.67% Zn, 1.57% Cu, 0.48% Pb and 209 g/t Ag over 4.95 meters.

• Ky-18-10: 7.91% Zn, 0.53% Cu, 0.21% Pb and 77 g/t Ag over 3.27 meters.

• Ky-18-12: 8.90% Zn, 3.81% Cu, 0.60% Pb and 157 g/t Ag over 1.20 meters.

• Ky-18-14: 9.04% Zn, 9.19% Cu, 2.16% Pb and 1,158 g/t Ag over 3.00 meters.

• Ky-18-14: 12.08% Zn, 0.31% Cu, 0.30% Pb and 59 g/t Ag over 4.50 meters.

The Company is also conducting prospecting and rock / soil geochemical sampling during 2021 in the central region of the property with a focus on gold. The 2021 exploration program at the Keymet Property is being managed by a Qualified Person.

Historic Keymet Base Metal – Silver Mine (1950s)- burnt down and was never recapitalized
Located 8KM away from the previous operating
Nigadoo Mine that operated for over twenty years

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

Historic gold bearing samples and gold soil anomalies referred to in the news release have not been verified by a Qualified Person.

The Keymet Property covers an area of approximately 3,400 hectares and is 100% owned by the Company.

On Behalf of the board of directors

"Christopher R Anderson"
Mr. Christopher R. Anderson

"Always be positive, strive for solutions, and never give up"
President CEO Director

Investor Relations:
Andrew Job
1-416-628-1560
IR@GreatAtlanticResources.com
Office Line 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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.

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/668119/Great-Atlantic-Completes-Drilling-Program-Intersects-Base-Metal-Sulfides-in-Semi-Massive-Sulfide-Veins-and-Indicator-Mineral-for-Gold-Mineralization

(In United States dollars, except where noted otherwise)

TORONTO, Oct. 14, 2021 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) today announced that it has signed a new $2.925 billion Term Loan and Revolving Credit Facility (the "Facility"). This new Facility replaces the existing $2.7 billion Term Loan and Revolving Credit Facility due to mature December 2022. The new $2.925 billion Facility comprises a $1.625 billion Term Loan Facility and a $1.3 billion Revolving Credit Facility, maturing in September 2025. The Facility is syndicated to a group of long-standing relationship banks of First Quantum.

The refinancing extends the debt maturity profile of the business and removes all material debt maturities through to April 2023. In addition, the refinancing provides additional liquidity headroom and continues management's practice of proactively addressing debt maturities, and further demonstrates the Company's access to a diverse range of funding sources. The refinancing includes improved financial terms and reduced financial covenants, an extended amortization schedule for the Term Loan Facility beginning in December 2022 and improves the financial flexibility of the Company through the added liquidity.

The Facility will be used to fully prepay and cancel amounts outstanding on the existing facility ($1.66 billion as at September 30, 2021), to fully prepay and cancel a bilateral bank facility for $175 million and for general corporate purposes.

For further information, visit our website at www.first-quantum.com or contact:

Bonita To, Director, Investor Relations
(416) 361-3400 Toll-free: 1 (888) 688-6577
E-Mail: info@fqml.com

ST. JOHN’S, Newfoundland and Labrador, October 14, 2021–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report attributable quarterly royalty revenue^† of approximately $20.7 million ($0.50 per share) for the third quarter ended September 30, 2021. This compares to quarterly revenue of $16.2 million ($0.39 per share) in the comparable prior year quarter and $21.9 million ($0.53 per share) in Q2 2021.

Base metal (primarily copper) revenue of $8.2 million (40% of total) is down from $9.4 million in Q2 2021 as higher production volumes and revenues at Chapada were offset by lower revenues from 777 and Voisey’s Bay.

Iron ore revenue in the form of dividends received from Labrador Iron Ore Royalty Corporation ("LIORC"), which serves as a pass-through vehicle for royalty income and equity dividends related to the operations of Iron Ore Company of Canada (IOC), was $6.0 million (29% of total) and compares to $5.0 million recorded in Q2 2021. The increase reflected strong market prices for IOC’s premium quality products during the quarter.

Potash revenue of $3.8 million (18% of total) compares to Q2 2021 potash revenue of $4.5 million. Revenue in the third quarter was impacted by annual maintenance shutdowns at the Rocanville, Cory, Allan and Esterhazy mines, which have since been completed. Realized prices in the quarter were broadly reflective of prior quarter market prices due to lag effects. Potash spot market prices increased by an average of more than 80% during the quarter and these impacts are expected to be reflected in realized prices for royalty revenue calculation purposes in coming quarters.

Thermal (electrical) coal revenue of $2.6 million (12% of total) compared to Q2 revenue of $2.1 million.

Altius Renewable Royalties (ARR: TSX) ("ARR"), of which the Corporation is a controlling shareholder, reported first royalty investments relating to production stage wind and solar operations. In August, ARR announced a US$35 million investment in Longroad Energy’s Prospero 2 solar project in Texas. In September, ARR announced a US$52.5 million investment in Northleaf Capital Partners’ Cotton Plains portfolio which comprises three projects (two wind and one solar), also in Texas, all of which have been operating since 2017. With these new investments and continuing strong royalty creation through its developer funding agreements, ARR ended the quarter with approximately 3,210 MW of wind and solar projects subject to royalty.

Third Quarter 2021 Financial Results Conference Call and Webcast Details

Additional details relating to individual royalty performances and asset level developments will be provided with the release of full financial results, which will occur on November 10, 2021 after the close of market, with a conference call to follow on November 11, 2021.

Date: November 11, 2021
Time: 9:00 AM ET
Toll Free Dial-In Number: +1(866) 521-4909
International Dial-In Number: +1(647) 427-2311
Conference Call Title and ID: Altius Q3 2021 Results, ID 2240919
Webcast Link: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=1D41BECE-7AC1-4E49-B823-8D0CA6EE0F17

^†Attributable royalty revenue is a non-IFRS measure and does not have any standardized meaning prescribed under IFRS. For a detailed description and examples of the reconciliation of this measure, please see the Corporation’s MD&A disclosures for prior quarterly and annual reporting periods, which are available at https://www.altiusminerals.com

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. Altius has 41,410,175 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

Forward-Looking Information

This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005681/en/

Contacts

Flora Wood
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020

Ben Lewis
Email: Blewis@altiusminerals.com
Tel: 1.877.576.2209

Lithium stock investors owe thanks to California Gov. Gavin Newsom. Last weekend, the Democratic governor signed into law a ban on the sale of new lawn mowers and other off-road equipment with small gas-powered engines, to take effect as early as 2024. This news is providing a tailwind this week for lithium stocks.

Matt Elkott, equity research analyst at Cowen covering diversified industrials and transportation OEMs, discusses his initiation of Caterpillar, including why he is projecting the industrial’s first megacycle in 14 years.