VANCOUVER, British Columbia, October 13, 2021–(BUSINESS WIRE)–Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) will release its 2021 third quarter ("Q3 2021") results on Tuesday, October 26, 2021 after market close. Management will discuss the results during an investor conference call on Wednesday, October 27, 2021 at 1:00 pm Eastern Time / 10:00 am Pacific Time.

Q3 2021 RESULTS CONFERENCE CALL AND WEBCAST DETAILS

Link to join the live webcast and audio:
https://produceredition.webcasts.com/starthere.jsp?ei=1505322&tp_key=98d4b26da7

Dial-in numbers for the audio-only portion of the conference call:

Due to an increase in call volume, participants are asked to dial-in at least five minutes prior to the call start to ensure placement into the conference line on time.

A replay of the conference call will be available until November 3, 2021. To listen to the replay, please dial:

ABOUT CAPSTONE MINING CORP.

Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our two producing mines are the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State, Mexico. In addition, Capstone owns 100% of Santo Domingo, a large scale, fully permitted, copper-iron-gold project in Region III, Chile, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013006130/en/

Contacts

Jerrold Annett, SVP, Strategy and Capital Markets
647-273-7351
jannett@capstonemining.com

Kettina Cordero, Director Investor Relations & Communications
604-262-9794
kcordero@capstonemining.com

VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2), is pleased to announce its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). DTC is a subsidiary of the Depository Trust & Clearing Corp. (DTCC) that manages the electronic clearing and settlement of publicly traded companies in the United States.

Azincourt’s common shares are now fully DTC eligible and will continue to trade under the ticker symbol “AZURF” on the OTC Markets. Through an electronic method of clearing securities, DTC eligibility simplifies the process of trading and transferring the Company’s common shares between brokerages in the United States.

“With our OTCQB upgrade and now DTC eligibility, Azincourt shares are fully tradeable in the US,” says Alex Klenman, President and CEO. “As the uranium sector continues to pick up momentum and become more visible to investors, gaining full accessibility was an important goal of ours. We’re eager to broaden our audience in the US and now we’re in a strong position to do so,” continued Mr. Klenman.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

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 press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Vancouver, British Columbia–(Newsfile Corp. – October 13, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the closing on October 13, 2021 of the second and final tranche of its previously announced private placement (see ALX news release dated October 4, 2021). In the second tranche, $249,999.96 was raised through the issuance of an additional 2,380,952 flow-through units ("FT Units") at a price of $0.105 per unit. In the private placement, the Company issued a total of 17,894,735 non-flow-through units (the "NFT Units") and 13,333,333 FT Units for gross proceeds in both tranches of $3,099,999.79 (the "Offering").

The NFT Units were sold at a price of $0.095 per NFT Unit, consisting of one common share and one common share purchase warrant. The FT Units were sold at a price of $0.105 per FT Unit consisting of one flow-through common share and one-half of one non-flow through common share purchase warrant. One common share purchase warrant from the NFT Units or one whole common share purchase warrant from the FT units entitles the holder to purchase one non-flow through common share of the Company at a price of $0.14 for a period expiring on October 8, 2023.

The securities issued in the Offering are subject to a hold period of four months plus one day from the closing date, expiring February 9, 2022. The proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan uranium and gold properties and on its Ontario nickel and copper properties. The proceeds from the sale of NFT Units will be used for general working capital.

Finder's fees for the second and final tranche were paid to Red Cloud Securities Inc. consisting of $17,500 in cash and 166,667 finder's warrants. Each finder's warrant is exercisable at a price of $0.095 and is exercisable until October 8, 2023.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 250,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, and the Javelin and McKenzie Lake Uranium Projects.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two option stages), and in the Draco VMS Project in Norway.

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

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

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, public health, environmental and technological factors that may affect the Company's operations, markets, products and share price. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99578

MISSISSAUGA, Ontario, Oct. 12, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V:CCB), (FF:U7N1) announces it has closed a non-brokered private placement (the “Private Placement”) for the issuance of 3,478,260 flow-through shares for $0.115 per share for gross proceeds of $399,999.90. No finder’s fees were paid in connection with the Private Placement.

In accordance with applicable securities legislation, all securities issued in the Private Placement are subject to a statutory hold period of four months and one day.

The proceeds of the Private Placement will be used on eligible expenditures for the upcoming exploration program on the Miller property.

For further information:

Olga Nikitovic
Chief Executive Officer
Canada Carbon Inc.
info@canadacarbon.com

Valerie Pomerleau
Director Public Affairs and Communications
Canada Carbon Inc.
valerie@ryanap.com
(819) 856-5678

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

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

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Mosaic (MOS) is a stock many investors are watching right now. MOS is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 8.16, which compares to its industry's average of 12.40. Over the last 12 months, MOS's Forward P/E has been as high as 23.70 and as low as 6.80, with a median of 13.03.

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Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. MOS has a P/S ratio of 1.6. This compares to its industry's average P/S of 1.8.

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These figures are just a handful of the metrics value investors tend to look at, but they help show that Mosaic is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, MOS feels like a great value stock at the moment.

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VANCOUVER, British Columbia, Oct. 11, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports the highlights of the Red Chris Block Cave Pre-Feasibility Study (PFS) which confirms the potential to develop a world class, low cost, long life mine. Newcrest’s recently completed PFS indicates the project has an estimated 17% IRR and CAD$2.3 billion NPV over an initial 31 year mine life at prices of US$3.30 per pound copper and US$1500 per troy ounce gold. Some key results from the PFS are noted below:

• Production projected to average 80 thousand tonnes of copper and 316,000 ounces of gold per annum for 6 years starting July 2028

• Impressive Block Cave Life-of-Mine All-In Sustaining Cost of negative US$144 per ounce of gold

• Initial Mineral Reserve estimate of 8.1 million ounces gold and 2.2 million tonnes copper

• Payback of 3.2 years

• Block Cave First Ore first half of 2026

• Further optimization underway to assess opportunities proximate to the mining area, incl. East Ridge

• Studies are underway to consider “early mining” of high-grade pods to enhance cashflows prior to development of a block cave

With the completion of the PFS, Newcrest has approved preparation of a Feasibility Study which is expected to be completed in the first half 2023. Newcrest intends to release a National Instrument 43-101 (NI 43-101) technical report on Red Chris within 45 days of this release.

Imperial President, Brian Kynoch, said “The Red Chris Block Cave Pre-Feasibility Study confirms Imperial’s long held view that Red Chris has the potential to be a long life, low cost mine capable of producing both copper and gold at low unit costs. Additionally, with British Columbia’s hydro-generated grid powering the project and the efficient block cave mining to be utilized at Red Chris, we believe the project’s carbon footprint will be low.

The exploration results being obtained in the East Ridge and the multiple high-grade pods being defined by additional drilling in the East Zone provide further project upside beyond the scope of this Study. ‘Early mining’ of the high grade pods in the East Zone prior the initiation of a block cave is being evaluated and could help fund the block cave development.”

The findings contained in this release with respect to the Red Chris PFS are in 100% terms, Imperial is a 30% Joint venture partner in the project. Further details with the respect to the PFS are available on each the Newcrest and Imperial website (www.imperialmetals.com).

Mineral Resources and Mineral Reserves

The Red Chris Mineral Resource has been updated for mining depletion to 30 June 2021 from that reported in the release titled ‘Newcrest announces its initial Mineral Resource estimate for Red Chris’ dated 31 March 2021. All other assumptions remain unchanged. Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Data is reported to two significant figures to reflect appropriate precision in the estimates and this may cause some apparent discrepancies in totals. Data represents 100% of the Mineral Resources and Mineral Reserves for Red Chris. Imperial’s joint venture interest in the Mineral Resources and Mineral Reserves is 30%.

Material Assumptions for Mineral Reserves

Red Chris is an operating open pit mining both the East and Main Zone resources. The underground Mineral Reserves are based on transitioning from open pit to underground mining of the East Zone resource at depth. The Mineral Reserves are supported by the PFS. The Project is progressing to the Feasibility Stage. If required any adjustments to the Mineral Reserves statements will be made at the completion of the Feasibility Study.

Mineral Reserve Classification

The Probable Mineral Reserve is based on Indicated Mineral Resources and diluting material. Diluting material is either low grade Indicated Mineral Resource or material carrying no grade. No Measured Mineral Resources are stated for this deposit. The resource classification is based on an assessment of geological confidence as a function of geological and mineralisation continuity.

Mining Method

Various mining methods have been considered for the extraction of the East Zone resources. Based on the depth, size, grade and existing site production rate block caving has been deemed the most appropriate mining method by the PFS and supported via independent reviews. On-going data collection and geotechnical and mining studies will provide ongoing design parameters for the Project.

Mineral Processing

Processing of the Red Chris Underground ore stream will be through the Red Chris Concentrator, which will be upgraded to accommodate a combination of larger throughput, increased hardness and higher gold and copper head grades. The upgraded plant will utilise grinding and flotation to produce a copper-gold concentrate using similar unit operations to the current plant. A parallel single-stage SAG (SSAG) grinding circuit will be installed, with a dedicated coarse ore stockpile. Underground ore will be divided between the existing grinding circuit and the new SSAG circuit at a ratio of approximately 60:40. The combined throughput of the upgraded plant will be 13.6 Mtpa. Additional rougher and cleaner flotation capacity, a new regrind circuit, and expanded concentrate dewatering equipment and concentrate load-out facility are also included in the plant upgrade. The application of coarse particle flotation has also been considered for moderate future throughput expansion, and the selection of a SSAG enables further expansion through addition of a ball mill in the future.

Metallurgical testwork, plant design and capital and operating cost estimation were completed to Pre-Feasibility level of accuracy. Metallurgical testing on a range of underground samples provided data to size the single-stage SAG mill and estimate copper and gold recoveries attributable to underground ore. The anticipated recoveries for underground ore are 81 to 86% for copper and 60 to 75% for gold across the life of the project. Test samples focused mostly on the first 15 years of underground production but included some material from the remainder of the anticipated mine life. The mineralogy of underground samples was found to be more favourable for gold recovery than for current Red Chris open pit operations. Underground ore mineralogy was shown to have some upside for producing high copper concentrate grades due to the presence of enriched copper minerals such as bornite in certain zones in the orebody. The overall metallurgical recoveries for open pit ore varies by pit location and is based on historic production data and laboratory test samples and have been estimated as 79% for copper and 51% for gold.

Cut-Off Grade

The Red Chris Mineral Reserve employs a value-based cut-off determined from the Net Smelter Return (NSR) value equal to the site operating cost derived from the PFS. The NSR calculation takes into account Mineral Reserve revenue factors, metallurgical recovery assumptions, transport costs, refining charges, and royalty charges. The site operating costs include mining cost, processing cost, relevant site general & administration costs and relevant sustaining capital costs. The cut-off value for reporting within the open pit mining area is based on an NSR value above C$16.50/tonne milled, whilst the shut off values for each underground macro block is as follows: MB1 = C$22.00/t Milled, MB2 and MB3 C$22.80/t Milled. The Mineral Reserve revenue factors are consistent with Newcrest metal price guideline reporting with a gold price of US$1300/oz, copper price of US$3.00/lb, and a CAD:USD exchange rate of 0.75.

Estimation Methodology

Capital cost estimation for the project has been based on a blend of material take-offs and factored quantities with semi-detailed unit costs targeting a Class 4 Capital Cost per Association for the Advancement of Cost Engineering International (AACEI) guidelines and an accuracy range ± 25%. The Operating Cost estimate has been compiled to an accuracy of +/-25%. Contingency has been calculated and applied to the Capital Cost estimate. No contingency has been applied to the Operating Cost estimate. All inputs are in June 2021 Canadian Dollars.

Material Modifying Factors

All development has mining factors for dilution and mining recovery applied to accurately represent the expected mined tonnes. PCBC™ software is used for cave production scheduling and estimation of grade for material drawn from the block caves. The resource estimate includes internal dilution, and external dilution is included as part of the draw model, with no mining recovery factors applied to the Mineral Reserve estimate. Red Chris has no block cave operational data supporting the assumptions within the PCBC™. The parameters are based on deposits and operations of similar properties providing confidence in the applicability. These parameters have been independently reviewed and found to be suitable to support the Mineral Reserves.

Other Modifying Factors

Red Chris Operations and the Red Chris Open pit are in material compliance with all legal and regulatory requirements. Management of water resources was a primary focus of the PFS and involved the creation of a water balance model for PFS decision-making and to support environmental studies. The results of the water balance indicate that the demands for water for the Block Cave Project, which result from the increase in production rates over current practice, can be achieved by applying water management processes, largely aimed at improving reclaim and recycling of water.

The permitting plan proposes a staged approach to permitting, appropriate to the long-term nature of the Project. The Energy, Mines & Low Carbon Innovation, Environmental Assessment Office and Tahltan Central Government through its representatives have been consulted by Red Chris¹ on the permit applications submitted by Red Chris to date. Red Chris¹ will continue to engage and consult with the Tahltan Central Government and government agencies on the development of the permitting plan and applications for the Project. The timing of obtaining the authorisations remains a risk to the Project and is being actively managed through engagement with the relevant parties. The permitting process has been informed by engagement of independent experts in British Columbian permitting. Obtaining permits to extract the reserves using the block cave mining method has sufficient confidence to support the reserves statement.

The technical and scientific information contained in this document relating to Red Chris was reviewed and approved by Philip Stephenson, Newcrest’s Chief Operating Officer Australia and Americas, FAusIMM and a Qualified Person as defined in NI 43-101.

1. In these contexts, Red Chris equates to Newcrest Red Chris Mining Limited as operator of the Red Chris Joint Venture

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia.

Company Contacts

Brian Kynoch | President | 604.669.8959
Darb Dhillon | Chief Financial Officer | 604.488.2658
Jim Miller-Tait | Vice President Exploration | 604.488.2676

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to Red Chris, including its mineral resources and reserves, proposed mining methodologies, proposed mineral processing, capital cost estimates and underlying assumptions, cost and length of life mine, Newcrest’s expected progression to and timing for completion of the Feasibility Stage, the release of the PFS on Red Chris, the potential upside provided by exploration results and additional drilling in the East Zone, the expected carbon footprint of the project, the early mining of high grade pods and its potential to fund block cave development, water management and the permitting process.

In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements. Such information is given only as of the date of this news release. The Company does not assume any obligation to update its forward-looking information to reflect new information, subsequent events or otherwise, except as required by law.

KELOWNA, BC / ACCESSWIRE / October 12, 2021 / Diamcor Mining Inc. (TSXV:DMI), (OTCQB:DMIFF), (FRA:DC3A), ("Diamcor" or, the "Company") announced today the delivery of 2,521.17 carats of rough diamonds for the Company's first tender and sale of its current quarter ending December 31, 2021. The total carats delivered for this initial tender are in line with Company expectations, and the first since the Company's recent completion of the phase one upgrade objectives at the Company's Krone Endora at Venetia Project (the "Project"). Further refinements, as well as efforts on a larger phase two upgrade, will continue throughout the quarter. The Company remains confident the full potential of these upgrades will be realized and operating costs on a per ton basis will continue to improve due to reductions in plant consumables and increases in operational efficiencies at the Project. The Company expects to complete two additional tenders prior to the end of the current quarter and provide updates on the results in due course over the coming weeks.

LD MICRO – Main Event Conference

The Company also announces that it will be participating in the LD Micro Main Event conference from October 12 – 14^th at the Luxe Sunset Bel Air in Los Angeles, CA. The LD Micro Main Event has become the preeminent convention for the most influential people, analysts, and investors in the small-cap world. Diamcor President and CEO, Dean Taylor, will be presenting on Tuesday, October 12, 2021, and hosting one-on-one meetings throughout the conference. Interested parties not attending the conference in person can visit the LD Micro website at ldmicro.com to register and listen to company presentations virtually.

"We look forward to the return of the live, in person LD Micro Main Event Conference after a two year delay associated with COVID-19", stated Mr. Dean Taylor, Diamcor CEO. "The timing of this event provides us with a perfect opportunity to meet with various Company stakeholders and industry participants and discuss the growth objectives underway, our efforts to increase processing volumes, recoveries, and revenues, as well as our plans for exploration efforts on the larger areas of the Project in 2022".

About Diamcor Mining Inc.

Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, the OTCQB International under the symbol DMIFF, and on the Frankfurt Exchange under the symbol DC3A. The Company has a well-established operation in South Africa with a proven history of supplying rough diamonds to the world market. Diamcor has established a long-term strategic alliance with world famous luxury retailer Tiffany & Co. and is now in the final stages of developing the Krone-Endora at Venetia Project co-located with De Beer's flagship Venetia mine.

About the Tiffany & Co. Alliance

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

About Krone-Endora at Venetia

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

Qualified Person Statement:

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

On behalf of the Board of Directors

Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com

For further information contact:

Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 355-7179

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

WE SEEK SAFE HARBOUR

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

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/667689/Diamcor-Announces-Initial-Delivery-of-Rough-Diamonds-Following-Completion-of-Phase-One-Upgrades

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop up? Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a decreasing amount of capital employed. Ultimately this means that the company is earning less per dollar invested and on top of that, it's shrinking its base of capital employed. On that note, looking into Petra Diamonds (LON:PDL), we weren't too upbeat about how things were going.

What is Return On Capital Employed (ROCE)?

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Petra Diamonds:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.025 = US$24m ÷ (US$1.1b – US$118m) (Based on the trailing twelve months to June 2021).

Thus, Petra Diamonds has an ROCE of 2.5%. Ultimately, that's a low return and it under-performs the Metals and Mining industry average of 18%.

View our latest analysis for Petra Diamonds

In the above chart we have measured Petra Diamonds' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.

What Does the ROCE Trend For Petra Diamonds Tell Us?

There is reason to be cautious about Petra Diamonds, given the returns are trending downwards. To be more specific, the ROCE was 9.3% five years ago, but since then it has dropped noticeably. Meanwhile, capital employed in the business has stayed roughly the flat over the period. Since returns are falling and the business has the same amount of assets employed, this can suggest it's a mature business that hasn't had much growth in the last five years. So because these trends aren't typically conducive to creating a multi-bagger, we wouldn't hold our breath on Petra Diamonds becoming one if things continue as they have.

In Conclusion…

All in all, the lower returns from the same amount of capital employed aren't exactly signs of a compounding machine. We expect this has contributed to the stock plummeting 98% during the last five years. That being the case, unless the underlying trends revert to a more positive trajectory, we'd consider looking elsewhere.

On a final note, we found 4 warning signs for Petra Diamonds (3 shouldn't be ignored) you should be aware of.

While Petra Diamonds isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

VANCOUVER, BC / ACCESSWIRE / October 12, 2021 / Infinite Ore Corp. (the "Company") (TSX.V:ILI) (OTCQB:ARXRF) is pleased to provide an update on its exploration and corporate activities. The Company recently mobilized a ground crew to sample target areas on its Jackpot lithium project. The areas of interest were generated from a recent high resolution geophysical survey completed on the Jackpot property. The survey, conducted by Novatem Airborne Geophysics, identified several east-west trending anomalies that reflect structures like that of the Jackpot lithium deposit itself.

The ground crew sampled spodumene bearing pegmatites more than 300 m north-east of the 2018 drilling area. The pegmatites were observed over a strike length of approximately 900 m and appear to continue under cover to the north-east and under a small lake to the south-west. Infinite Ore is designing a drill program to test extensions of the Jackpot lithium deposit.

J.C. St-Amour, President of Infinite Ore commented, "I am very pleased that we have identified pegmatite dykes outside the known Jackpot historical deposit area. These dykes appear to have extensive strike length and represent excellent targets for follow up exploration."

St- Amour continued, "Our ground crew also investigated and sampled other areas on the property where additional pegmatite dykes were identified and need further investigation. Pegmatite dykes tend to occur in swarms and given the area has a thick overburden there is excellent potential to discover numerous other mineralized pegmatites, leading to additional drill targets. Our goal is to get aggressive on exploring the Jackpot project and to identify the lithium potential on this highly prospective package."

The Company's 100% owned Jackpot project is near the Georgia Lake lithium deposit, for which Rock Tech Lithium Inc. recently announced its intent to develop a lithium sulphate production facility located in Thunder Bay, Ontario. The Jackpot property contains known pegmatite showings, including two that contain historical resources of 2 million tons at 1.09% Li₂O and 750,000 tons at 1.38% Li₂O*.

Figure 1: Geophysical map of the Jackpot project.

Sale of Eastern Vision

On the corporate front, the Company is pleased to report that the sale of the Eastern Vision project to Trillium Gold Mines Inc. is progressing. The parties are working towards getting all necessary approvals for the sale with an anticipated closing in November 2021. Upon closing, the Company will receive 4,000,000 common shares of Trillium and a cash payment of $175,000.

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P. Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

*The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company as not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.

View source version on accesswire.com:
https://www.accesswire.com/667693/Infinite-Ore-Starts-Exploration-on-Jackpot-Lithium-Project-and-Provides-Corporate-Update

AZZ Inc. AZZ reported earnings per share of 76 cents in second-quarter fiscal 2022 (ended Aug 31, 2021). The bottom line surpassed the Zacks Consensus Estimate of 65 cents by 16.9%.

Total Revenues

In the quarter, the company reported revenues of $216.5 million, which missed the Zacks Consensus Estimate of $221 million by 2%.

Driven by strength in its reportable segments, the top line increased 6.4% from $216.5 million in the prior-year quarter. Revenues from Energy and Metal Coatings segments increased 0.6% and 10.7%, respectively, year over year.

AZZ Inc. Price, Consensus and EPS Surprise

AZZ Inc. price-consensus-eps-surprise-chart | AZZ Inc. Quote

Backlog & Bookings

Bookings in second-quarter fiscal 2022 increased to $231.8 million from $208.6 million a year ago. AZZ’s book-to-sales ratio was 1.07 compared with 1.03 in the year-ago period.

At the end of the fiscal second quarter, its total backlog was $201.5 million, down 4.3% from the year-ago period. The decrease in backlog is largely attributable to the completion of large orders in China. However, sequentially backlog was up $15.4 million, or 8.3%.

Quarterly Highlights

Total operating income in the quarter increased substantially to $26.5 million from the year-ago figure of $0.7 million.

Selling, general and administrative expenses were $28.6 million, increasing 6.7% from $26.8 million in the prior-year quarter.

Interest expenses decreased 28% to $1.8 million from $2.5 million.

During the quarter, the company repurchased shares worth $15 million. Year to date, AZZ has repurchased 416,279 shares of common stock, totaling $21.2 million.

Financial Highlights

Current Assets as of Aug 31, 2021, amounted to $329.1 million compared with $303.5 million as of Feb 28, 2021.

Long-term debt (net) was $182.4 million as of Aug 31, 2021, compared with $178.4 million on Feb 28, 2021.

Net cash from operating activities during the first half of fiscal 2022 was $37.8 million compared with $32.2 million in the first half of fiscal 2021.

Guidance

The company revised its fiscal 2022 EPS guidance to the range of $2.90-$3.20 per share from prior expectation of $2.65-$3.05. It expects sales in the range of $865 million to $925 million compared with prior expectation of $855 million to $935 million.

Zacks Rank

AZZ currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Manufacturing Electronics Releases

Eaton Corp. ETN is expected to release third-quarter 2021 results on Nov 2. The Zacks Consensus Estimate for the quarter is pegged at $1.74.

A. O. Smith Corp. AOS is going to release third-quarter 2021 results on Oct 28. The Zacks Consensus Estimate for the quarter to be reported is pegged at 67 cents.

Enersys ENS is expected to release second-quarter fiscal 2022 results on Nov 10. The Zacks Consensus Estimate for the quarter is pegged at $1.06.

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Vancouver, British Columbia–(Newsfile Corp. – October 12, 2021) – Mountain Boy Minerals Ltd (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") is pleased to announce that Dorian L. (Dusty) Nicol has joined the Board of Directors.

Mr. Nicol is an experienced professional geologist with an excellent track record in the mining industry. Mr. Nicol has a B.Sc. degree in Earth Science from M.I.T. and an M.A. degree in geology from Indiana University. Dusty has over 45 years of world-wide experience in gold exploration and mining. He has designed and managed successful gold exploration programs throughout North and South America, Africa, Russia and the Former Soviet Union, and Papua New Guinea. He has also designed and managed generative gold exploration programs in Africa and Europe. At Jerritt Canyon, Nevada, he designed and managed the exploration program which discovered over 1.5 million ounces of gold at a discovery cost of about $18 / ounce over a 5-year period. His exploration program at the Tulkubash oxide deposit, Kyrgyzstan, added over 600,000 ounces of gold to M&I Resource in the first year, at a discovery cost of $11.40 / ounce.

His experience spans the spectrum of virtually every type of gold deposit in a variety of geologic settings. Dusty has also efficiently managed due diligence of gold projects at every stage of exploration, development, and production for investment funds and corporate acquisitions. In addition to his exploration experience, he has managed the construction, development, and operation of open pit and underground gold mines in Nevada and Mexico.

Dusty has held senior corporate positions on several publicly listed companies (TSX, TSX-V, ASX, AIM, and ASE), having served as a CEO / President, VP-Exploration, Technical Director, and Independent Director. Dusty speaks six languages fluently.

Lawrence Roulston, President and CEO, stated, "We are delighted to welcome Dusty as a Director of Mountain Boy. His exceptional breadth of hands-on exploration experience will be a huge help in advancing our diverse portfolio of projects. Equally importantly, his corporate and management experience will augment the team as we advance multiple projects."

Mr. Nicol commented: "I see enormous potential in the exceptional property portfolio that Mountain Boy has assembled and am excited to work with this talented geological team to advance those projects toward discovery."

Mr. Nicol has been granted 450,000 stock options exercisable at 21 cents per share for a period of five years, subject to the policies of the TSX Venture Exchange and the company's stock option plan.

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

1. The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.

2. On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Work this year, including drilling, has extended that zone both north and south.

3. Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.

4. On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).

5. Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc. A property wide airborne geophysical survey is aiding the geological interpretation.

6. The Telegraph project, acquired in May 2021, has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle. Exploration this season ground truthed results from numerous previous explorers, found new mineralized zones and prepared the project for drilling next season.

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Lawrence Roulston
President & CEO
(604) 618-4756

Fraser Ruth
Manager of Investor Relations
(416) 274-3195

Kirsti Mattson
Corporate Communications/Media Relations
(778) 434-2241

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

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99305

Vancouver, British Columbia–(Newsfile Corp. – October 12, 2021) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") plans to extend a step-out fall-winter drill program with up to a 1,000 metre (m) diamond drill program at the Southern Gold Zone bulk tonnage target at the Miner Mountain Project near Princeton, BC. The newly discovered Southern Gold Zone, exposed at surface, intersected gold mineralization in five out of the six 2021 drill holes. Four diamond drill holes grade between 0.60 to 1.08 grams per tonne (gpt) gold over 59 to 93 m (Table 1) located on three sections spaced at 50 m apart (Figure 1). Bench-scale metallurgical gravity and leaching tests recovered 95.8% of the contained gold in a representative drill core sample. The Southern Gold Zone mineralization has no deleterious elements and very low values of base metals as confirmed by metallurgical testing (see NR August 11, 2021).

CEO J. Paul Stevenson comments, "We are looking forward to more exciting news from this recently discovered gold target. We have been able to determine that the mineralization starts at or near surface based on the north-south drill sections. We plan to extend the mineralization south of current sections and step-outs with new 50 m-spaced sections located east and west on either side of the drilled mineralization."

The Southern Gold Zone is hosted in medium to fine-grained diorite-monzonite that intrude sediments located to the south. The gold values are associated with very fine-grained disseminated pyrite that ranges from <1% up to 3% in the host rocks whereas less hydrothermal hematite replaces primary magnetite in mineralized drill intersections. Moderate to strong pervasive variable chlorite, K-feldspar, sericite, calcite, and epidote alteration assemblages are associated with the gold mineralization.

Several dozen representative samples have been collected from the 2021 drill holes for petrographic examination. The results will help to understand the genesis of the mineralization and aid exploration and will also clarify the relation of gold to pyrite and hematite and the high recovery of gold values extracted from the recent bench-scale metallurgical leach testing.

Figure 1. Southern Gold Zone 2021 drill holes results, proposed holes in A-F green and red short dash line marks gold mineralization boundary intersected in DDH 46; this figure is available at www.segoresources.com.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1056/99251_59aa06327420bac0_002full.jpg

Table 1. Diamond drill holes gold intersections at the Southern Gold Zone.

An initial bench scale 32.9 kg representative sample from DDH46 and DDH47 core (April drill program) was submitted to Met-Solve Laboratories Inc. to investigate recovery tests using gravity and leaching CN (cyanide) methods. The work concluded 9.8% of the gold reports to gravity concentration and 59.3% of the gold was recovered in 1 hour and 72.6 % after 3 hours using a CN leaching process. An impressive 95.8% of the gold was recovered from the composite sample with little further testing and minimum CN leachate and is used to recover gold in bulk deposits generally mined by open pit in Nevada, USA and elsewhere. The complete "Sego Resources Inc. Metallurgical Test Work Report" is available at www.segoresources.com.

Previous exploration prior to 2020 Sego has identified porphyry copper-gold targets at the Miner Mountain Project north of the Southern Gold Zone where deep roots of the mineralization have been structurally offset by a flat-fault zone that lies roughly 100 m to 130 m deep. The upper fault plate which hosts the known Cuba and other zones of mineralization could have been displaced an unknown distance probably from the north to the south. An example of the mineralization, the Cuba Zone, measures 750 m long by ~50 m wide and carries significant intersections such as 0.946% Cu 0.55 g/t Au 3.473 g/t Ag over 100.4 m in DDH21 (see NR March 12, 2012). In a future exploration program, deep holes are proposed to be collared north of the Cuba Zone and inclined steeply north that will test deep truncated mineralization below the mineralization and alteration of the Granby and Quintana Zones.

This news release was reviewed and approved by Ron Britten, Ph.D., P.Eng., a Qualified Person under NI 43-101.

About the Project:
Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The Miner Mountain Project combines alkalic porphyry copper-gold mineralization in the Cuba and other zones and the unusual gold mineralization in the Southern Gold Zone which may be distal to an alkalic copper-gold porphyry. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of Excellence for its reclamation work at Miner Mountain.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933
ceo@segoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99251

Lithium Americas saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 90 to 93. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. Lithium Americas stock is now considered extended and out of a traditional buy range after clearing a 17.07 buy point in a first-stage cup without handle.

Shares of The Mosaic (MOS) have been strong performers lately, with the stock up 30.5% over the past month. The stock hit a new 52-week high of $42.17 in the previous session. The Mosaic has gained 82.2% since the start of the year compared to the 6.6% move for the Zacks Basic Materials sector and the 36.6% return for the Zacks Fertilizers industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 2, 2021, Mosaic reported EPS of $1.17 versus consensus estimate of $1.01.

For the current fiscal year, Mosaic is expected to post earnings of $4.93 per share on $12.54 billion in revenues. This represents a 480% change in EPS on a 44.5% change in revenues. For the next fiscal year, the company is expected to earn $4.95 per share on $12.48 billion in revenues. This represents a year-over-year change of 0.43% and -0.56%, respectively.

Valuation Metrics

Mosaic may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.

On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Mosaic has a Value Score of A. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.

In terms of its value breakdown, the stock currently trades at 8.5X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 12.8X versus its peer group's average of 13.5X. Additionally, the stock has a PEG ratio of 1.21. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Mosaic currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Mosaic meets the list of requirements. Thus, it seems as though Mosaic shares could still be poised for more gains ahead.

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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.

That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.

However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Mosaic (MOS) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.

Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).

While there are numerous reasons why the stock of this fertilizer maker is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings Growth

Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Mosaic is 7.5%, investors should actually focus on the projected growth. The company's EPS is expected to grow 480.5% this year, crushing the industry average, which calls for EPS growth of 178.1%.

Impressive Asset Utilization Ratio

Asset utilization ratio — also known as sales-to-total-assets (S/TA) ratio — is often overlooked by investors, but it is an important indicator in growth investing. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.

Right now, Mosaic has an S/TA ratio of 0.5, which means that the company gets $0.5 in sales for each dollar in assets. Comparing this to the industry average of 0.48, it can be said that the company is more efficient.

While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Mosaic looks attractive from a sales growth perspective as well. The company's sales are expected to grow 44.5% this year versus the industry average of 30.4%.

Promising Earnings Estimate Revisions

Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The current-year earnings estimates for Mosaic have been revising upward. The Zacks Consensus Estimate for the current year has surged 1.2% over the past month.

Bottom Line

Mosaic has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination positions Mosaic well for outperformance, so growth investors may want to bet on it.

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VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay and members of Teck’s senior management team will be presenting on Monday, November 1, 2021 from 1:00 p.m. to 2:00 p.m. Eastern / 10:00 a.m. to 11:00 a.m. Pacific time at Teck’s virtual QB2 Site Visit.

The live webcast will be available on Teck's website at www.teck.com.

Participants will be able to ask questions through the conference call facilities, and materials to accompany the event will be available online. The conference call dial-in is 416.406.0743 or toll free 800.898.3989, quote 4082377 if requested. Media are invited to attend on a listen-only basis.

The recording of the live webcast will be available from 3:00 p.m. Pacific time, November 1, 2021 on Teck’s website at www.teck.com.

About Teck
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:
Ellen Lai
Coordinator, Investor Relations
604.699.4257
ellen.lai@teck.com

Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named to the Forbes list of the World’s Best Employers 2021, an employee-driven ranking of multinational companies and institutions from 58 countries. This is the second year in a row that Teck has been named one of the World’s Best Employers by Forbes.

“Teck is privileged to have an exceptional workforce of skilled, dedicated and passionate people committed to responsibly providing the metals and minerals needed to build a better quality of life and making positive contributions to local communities,” said Don Lindsay, President and CEO. “We are committed to supporting the growth and development of our people and fostering a workplace where everyone is included and valued.”

Forbes and market research firm Statista selected the World’s Best Employers 2021 through an independent survey applied to a vast sample of approximately 150,000 employees from 58 countries working full or part time. The evaluation was based on direct and indirect recommendations from employees that were asked to rate their willingness to recommend their own employers to friends and family. Employee evaluations also included other employers in their respective industries that stood out either positively or negatively.

Teck has also been named as one of Canada’s Top 100 Employers by Mediacorp Canada’s Top Employers program for the past four years and one of Canada's Top Employers for Young People 2021.

About Teck
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact
Fraser Phillips
Senior Vice President, Investor Relations & Strategic Analysis
604.699.4621
fraser.phillips@teck.com

Media Contact
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2) is pleased to announce that it has closed the final tranche of its non-brokered private placement. In connection with closing of the final tranche, the Company has issued 17,071,428 non-flow-through units (each, an “NFT Unit”) and 6,666,667 flow-through units (each, an “FT Unit”). Each NFT Unit was offered at a price of $0.07 and each FT Unit was offered at a price of $0.075. Each NFT Unit and FT Unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.10 until October 12, 2024.

When combined with the earlier tranche of the placement, the Company has raised gross proceeds of $8,100,000 through the issuance of 77,877,416 NFT Units, 17,600,126 FT Units and 14,285,714 charity flow-through units. Closing of the final tranche of the placement represents an increase of 6,666,667 FT Units, for gross proceeds of an additional $500,000, from the amount originally announced by the Company on September 22, 2021.

The gross proceeds from the issuance of the FT Units will be used for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), which will be renounced with an effective date of no later than December 31, 2021, to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units. If the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Units for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the qualifying expenditures. It is expected that expenditures will largely be focused on the upcoming 30-to-35-hole, 7,000-metre drill program at the East Preston uranium project, located in the western Athabasca basin, Saskatchewan, Canada.

The net proceeds from the sale of NFT Units will be used primarily for the continued development of the Company's East Preston uranium project; working capital; and general corporate purposes.

All securities issuable in connection with the placement are subject to a statutory hold period, in accordance with applicable securities laws, until January 30, 2022, in the case of the first tranche of the placement, and February 13, 2022, in the case of the final tranche. In connection with closing of the final tranche of the placement, the Company paid finders’ fees totaling $135,600 and issued a total of 1,899,047 finders’ warrants. Each finders’ warrant is exercisable into one common share of the Company at a price of $0.07 until October 12, 2024.

The placement included participation by insiders of the Company in the aggregate amount of 28,714,285 NFT Units and 266,666 FT Units. The participation in the placement by these insiders constitutes a related party transaction within the meaning of Policy 5.9 of the TSX Venture Exchange and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). In connection with the participation by the insiders, the Company relied upon the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of the participation did not exceed twenty-five percent of the market capitalization of the Company (as determined under MI 61-101).

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its majority controlled joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

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 press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

Investors might want to bet on CNX Resources Corporation. (CNX), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool — the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

For CNX Resources Corporation. There has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate Revisions

The earnings estimate of $0.29 per share for the current quarter represents a change of +625% from the number reported a year ago.

Over the last 30 days, the Zacks Consensus Estimate for CNX Resources Corporation. has increased 23.19% because four estimates have moved higher compared to no negative revisions.

Current-Year Estimate Revisions

The company is expected to earn $1.27 per share for the full year, which represents a change of +86.76% from the prior-year number.

There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, four estimates have moved up for CNX Resources Corporation. versus no negative revisions. This has pushed the consensus estimate 10.34% higher.

Favorable Zacks Rank

The promising estimate revisions have helped CNX Resources Corporation. earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom Line

CNX Resources Corporation. shares have added 6.8% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.

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

To read this article on Zacks.com click here.

VANCOUVER, BC, Oct. 12, 2021 /CNW/ – Trading resumes in:

Company: IsoEnergy Ltd.

TSX-Venture Symbol: ISO

All Issues: No

Resumption (ET): 1:23 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/October2021/12/c5484.html

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Vancouver, British Columbia–(Newsfile Corp. – October 12, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the closing on October 8, 2021 of the first tranche of a non-brokered private placement consisting of 17,894,735 non-flow-through units (the "NFT Units") and 10,992,381 flow-through units ("FT Units") of the Company for gross proceeds of $2,849,999.83 (the "Offering").

The NFT Units were sold at a price of $0.095 per NFT Unit, consisting of one common share and one common share purchase warrant. The FT Units were sold at a price of $0.105 per FT Unit consisting of one flow-through common share and one-half of one non-flow through common share purchase warrant. One common share purchase warrant from the NFT Units or one whole common share purchase warrant from the FT units entitles the holder to purchase one non-flow through common share of the Company at a price of $0.14 for a period expiring on October 8, 2023.

The securities issued in the Offering are subject to a hold period of four months plus one day from the closing date, expiring February 9, 2022. The proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan uranium and gold properties and on its Ontario nickel and copper properties. The proceeds from the sale of NFT Units will be used for general working capital.

Finder's fees for the first tranche were paid as follows: Red Cloud Securities Inc., $135,992.94 in cash and 1,415,416 finder's warrants; Haywood Securities Inc., $8,749.98 in cash and 90,701 finder's warrants; Canaccord Genuity Corp., $6,555.50 in cash and 16,100 finder's warrants; Research Capital Corporation, $1,729.00 in cash and 18,200 finder's warrants; and Echelon Wealth Partners Inc., $1,102.50 in cash and 10,500 finder's warrants. Each finder's warrant is exercisable at a price of $0.095 and is exercisable until October 8, 2023.

The Company anticipates the closing of the second and final tranche of the private placement to occur on or before October 15, 2021.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 250,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, and the Javelin and McKenzie Lake Uranium Projects.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two option stages), and in the Draco VMS Project in Norway.

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

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

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, public health, environmental and technological factors that may affect the Company's operations, markets, products and share price. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward- looking statement risk factors.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99447

VANCOUVER, BC, Oct. 12, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: IsoEnergy Ltd.

TSX-Venture Symbol: ISO

All Issues: No

Reason: Single Stock Circuit Breaker

Halt Time (ET): 13:18:52 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

View original content: http://www.newswire.ca/en/releases/archive/October2021/12/c5349.html

CNX Resources Corporation. (CNX) closed the last trading session at $13.30, gaining 6.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.67 indicates a 32.9% upside potential.

The average comprises nine short-term price targets ranging from a low of $13 to a high of $28, with a standard deviation of $4.36. While the lowest estimate indicates a decline of 2.3% from the current price level, the most optimistic estimate points to an 110.5% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for CNX, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price Targets

According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why CNX Could Witness a Solid Upside

There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, four estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 10.3%.

Moreover, CNX currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, while the consensus price target may not be a reliable indicator of how much CNX could gain, the direction of price movement it implies does appear to be a good guide.

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

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Zacks Investment Research

Email in court shows former CEO said grocery chain did hundreds of hours of due diligence before inking Theranos deal.

Dieppe, New Brunswick–(Newsfile Corp. – October 12, 2021) – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that a permit to drill up to 56 holes at the Evelyn Gold Project, located in northern Sonora, Mexico has been received. The application was submitted to SEMERNAT (the Mexican environmental authority) on September 3^rd, 2021, and permission was granted October 5, 2021. The Company continues to complete geological mapping and sampling to refine drill targets and reports an assay of 33 grams per tonne ("g/t") Au and 119 g/t Ag.

Next Steps

The Company will begin remediation of access roads to and within the property this week. These repairs are required to support trucks carrying reverse circulation ("RC") drill equipment after what has been a particularly heavy rainy season in northern Sonora. The road work is expected to be completed within 2 weeks after which the preparation of drill access roads and drill pads will start. Contracts and arrangements for the RC drill are being finalized and the Company anticipates drilling to begin upon the completion of prioritized drill pads. The fully funded drill program of up to 10,000 metres is expected to be conducted in two phases.

"I am very pleased that we have reached the drill stage in the exploration of the Evelyn Property. We have completed a systematic, property-wide exploration program that includes geological and structural mapping, geochemistry and analyses of a large number of surface samples, and geophysical surveys that include Magnetics and Induced Polarization. The drill plan is the culmination of this work and will be testing our exploration model developed over the last 18 months," commented Ian McGavney, COO for Colibri.

Evelyn Geology, Exploration, and Drill Plan

The Evelyn Gold Project is an Orogenic-type gold target located in the Caborca Gold Belt of northwestern Sonora. The property is located approximately 25 kilometres ("km") east of La Herradura, Mexico's largest open pit gold mine, which produced 425,288 ounces of gold in 2020 at an average grade of 0.77 grams per tonnes ("g/t") Au and is also approximately 9 km northeast of the Noche Buena mine which produced 87,988 ounces Au at an average grade of 0.52 g/t Au in 2020. The setting and style of mineralization at Evelyn is similar to that reported from La Herradura and Noche Buena. Higher grade mineralization on the Evelyn property consists of quartz veins and veinlets, ranging from 2 – 3 centimeters up to 1.5 m hosted by fault and fracture zones with minor oxidized pyrite, iron oxide, copper bearing oxide and carbonate minerals, and locally minor to trace amounts of galena, chalcopyrite, and sphalerite. Alteration of the host rocks includes iron bearing carbonate minerals, quartz, sericite, and chlorite. Lower grade mineralization is associated with altered volcanic rocks containing minor amounts of oxidized sulfide. Mineralization is hosted dominantly by Jurassic volcanic rocks consisting of andesite and rhyolite.

The "Main Zone" of mineralization in the Cerro Rojo target area consists of a north-northeast striking and easterly dipping quartz vein up to 1.5 m thick exposed over a strike length of approximately 120 m. The Main Zone has been the object of historical mining with adits developed in 3 locations along its exposed length. Previous grab samples from the Main Zone have returned values up to 44 g/t Au. Historical exploration work on the property has included a soil sampling program and geological mapping. During 2019, the Company initiated exploration to follow-up on the results of the soil sampling and over the last 18 months has completed a systematic, property wide exploration program that includes:

• Geological mapping and outcrop sampling

• Completion of a structural geology mapping study

• Excavation of trenches in two phases, first using a backhoe and then using a larger excavator

• Collection and analyses of 760 samples from surface and trench exposures

• Completion of a property wide drone topographic survey and generation of a digital elevation model ("DEM") for the property

• Completion of a property wide drone magnetic survey consisting of 118 line km covering the complete property

• Completion of a 3D – Induced Polarization survey consisting of 82.5-line km covering approximately 90% of the property.

• Inversion modelling of magnetic and IP data.

Based largely on the distribution of anomalous and higher-grade assay results from surface and trench exposures coincident with magnetic gradients and lineaments and with structures identified through geological mapping, the Company interprets 4 target areas of mineralization at Evelyn: El Sahuaro, Cerro Rojo, Central, and West Evelyn (Figure 1). El Sahuaro and Cerro Rojo are the priority target areas on the property and, as previously reported (September 9, 2021), both are characterized by anomalous to high grade surface sampling coincident with chargeability and resistivity anomalies.

The exploration model being developed by the Company relates the mineralization at Evelyn, consisting of higher-grade veins and veinlets hosted by altered and sulphide bearing lower grade volcanic rocks, to north-northeast trending stratigraphy and layer-parallel fault zones and southeast striking, moderately southwest dipping fault zones. The first phase of the drill program will be based largely on surface mapping and sampling with down-dip projection being supported by inversion modelling of both the magnetic and IP datasets.

Figure 1 – Evelyn Gold Samples on Topography

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4269/99327_2c8e910794103a5a_001full.jpg

Field Work Update

Geological mapping and sampling is in progress at the Evelyn project. The objectives of this work are to further refine drill targets and plans, to follow-up on IP results and interpretations, and to fill-in gaps in the mapping coverage. Recent results include a sample that returned assay values of 33 g/t Au and 119 g/t Ag from a narrow veinlet in the El Sahuaro target area. Samples of altered and oxidized sulphide bearing andesite from the El Sahuaro target area returning low grade (> 0.1 g/t Au) support the exploration model.

Figure 2 – Newly Taken Gold Samples on Topography – Cerro Rojo, Central North, and El Sahuaro

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4269/99327_2c8e910794103a5a_002full.jpg

Qualified Person

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

ABOUT COLIBRI RESOURCE CORPORATION:

Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration projects of which five currently have exploration programs being executed 2021 and 2022. The flagship Evelyn Gold Project is 100% owned and explored by Colibri. The Company has four additional projects, Pilar Gold & Silver Project (optioned to Tocvan Ventures (CSE:TOC), El Mezquite Gold & Silver Project , Jackie Gold & Silver Project, and the Diamante Gold & Silver Project (subject to earn-in agreements by Silver Spruce Resources (TSXV: SSE) are also currently being actively advanced.

For more information about all Company projects please visit: www.colibriresource.com.

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

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.

For information contact:: Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99327

New Phase 1 daily production record of 721 tonnes of copper achieved

Kamoa-Kakula's second filter press begins operations, allowing for increased copper concentrate production

Phase 1 concentrator ore throughput exceeding the 3.8 Mtpa design by more than 10%

Kolwezi, Democratic Republic of Congo–(Newsfile Corp. – October 12, 2021) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun announced that construction of Kamoa-Kakula's Phase 2 concentrator plant, which is designed to double copper production to approximately 400,000 tonnes a year, is proceeding ahead of schedule. The project team now anticipates beginning operations of the Phase 2 concentrator plant in Q2 2022, as compared to current guidance of Q3 2022.

Mark Farren, Kamoa Copper's CEO, stated: "Construction of the Phase 2 concentrator plant is progressing very well and the project team is working hard to complete the project ahead of schedule, similar to what we did with the Phase 1 plant. Based on the pace of the work completed to date, we now expect to deliver first ore to the Phase 2 ball mills before the end of Q2 2022."

The Phase 2, 3.8 million-tonne-per-annum (Mtpa) concentrator plant is a carbon copy of the Phase 1 concentrator plant, and is being constructed alongside the Phase 1 plant. All long-lead items of equipment, structural steel, platework and mechanical equipment for the Phase 2 plant already are delivered to site or are en-route. As of the end of September 2021, the Phase 2 plant was more than 50% complete.

"The ahead-of-schedule and on-budget achievements at Kamoa-Kakula stand tall and shine brightly in a COVID-19 world … where mining, infrastructure, and other industrial projects are routinely massively delayed, hindered by supply bottlenecks and predictably subject to significant cost over-runs. This outstanding construction progress at our Phase 1 and Phase 2 mines in this challenging environment is a testament to the extraordinary skill and dedication of our 'United Nations' of managers, staff and contractors," said Ivanhoe Founder & Executive Co-Chair Robert Friedland. "Their careful and diligent planning, and their utilization of all of our inherent advantages, delivered this historic achievement, which the industry and the world can now plainly see has risen to new heights in what a recent industry publication called the 'Democratic Republic of Copper.'"

"The Congolese mining industry has a very bright future indeed, and the legacy mining companies had better 'pull up their socks' … We are just starting … Having raised the bar for construction delivery, Ivanhoe Mines is setting its sights on raising the environmental, social and governance bar for the ultra-low-carbon copper production our world desperately needs for the energy transformation. We have all the pieces to do just that … We have the right team … We have the right partners and the right stakeholders. And we have the best copper projects in the world right now."

Also at the end of September, Kamoa-Kakula had surface ore stockpiles totalling approximately 3.66 million tonnes grading 4.73% copper, containing more than 173,000 tonnes of copper (or 381.4 million pounds of copper). These stockpiles are in place to help ensure a smooth and efficient ramp up of the Phase 2 concentrator to steady-state production during 2022.

As forecast in Ivanhoe's Kamoa-Kakula's progress update issued on September 30, the second concentrate filter press began operations on October 3, enabling the Phase 1 plant to produce copper concentrate above design parameters. The second filter allows Kamoa-Kakula's Phase 1 concentrator to take advantage of the exceptionally high-grade copper ore being processed directly from Kakula's underground mining operations and surface stockpiles.

"Kamoa-Kakula's Phase 1 milling and flotation capacity has been demonstrated to be in excess of design parameters," commented Steve Amos, Kamoa Copper's Head of Projects. "As such, the additional filter press enables Kamoa-Kakula to take advantage of the extra mill throughput to produce more copper than the estimated design output of approximately 200,000 tonnes per year. We have a third filter press on order that will be installed as part of the Phase 2 concentrator expansion."

"The additional filtration capacity also will allow Kamoa-Kakula's operations team to find the 'sweet spot' between copper recoveries and concentrate copper grades."

Aerial shot of the side-by-side Phase 1 (left) and Phase 2 (right) concentrator plants.

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All eight rougher flotation cells and three of six cleaner flotation cells now installed in the Phase 2 concentrator plant.

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Installing the inlet trunnion on the Phase 2 secondary ball mill.

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Lifting the reducer gear box assembly for the Phase 2 secondary ball mill.

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Preparing to lift shell sections of the second of two Phase 2 ball mills.

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Since the previous reporting month, the Phase 1 concentrator has consistently achieved a run-rate throughput of 12,600 tonnes of ore per day (a rate of approximately 4.2 Mtpa), which is 10.5% higher than the design throughput of approximately 11,400 tonnes per day, or 3.8 Mtpa.

During initial commissioning of the second filter press, a new daily production record of 721 tonnes of copper in filtered concentrate was achieved on October 4, 2021. The current copper price is approximately US$9,500 a tonne.

Watch a short video showcasing the commissioning of the second concentrate filter press at Kamoa-Kakula: https://vimeo.com/629021616/deccdb4768

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).

(L-R) Operators Madickson Kabeya, Mumba Mpanga Elie, Bizimana Andre Stany and Bedudrick Mutombo, in front of the two concentrate filter presses that were manufactured by Outotec ofEspoo, Finland.

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Members of the multinational commissioning team at the new filter press on left.

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Bizimana Andre Stany operating the concentrate filter press.

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Philip Katayi monitoring the loading of high-grade copper concentrate into the transfer bin, which moves a portion of Kamoa-Kakula's concentrate to the bagging plant for shipment to international markets.

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Qualified Persons

Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is Kamoa Copper's Head of Projects. Mr. Amos has verified the technical data disclosed in this news release.

Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company's website and under the company's SEDAR profile at www.sedar.com:

• Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.

The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.

Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi are being powered by clean, renewable hydro-generated electricity and are projected to be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine when large-scale electric, hydrogen and hybrid underground mining equipment become commercially available. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the Democratic Republic of Congo, near the Kamoa-Kakula Project.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

Forward-looking statements

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.

Such statements include without limitation, the timing and results of: (i) statements regarding the second concentrate filter press enables the Phase 1 concentrator plant to produce copper concentrate above design parameters statements; (ii) statements regarding the Kamoa-Kakula's Phase 2 expansion, doubling production to over 400,000 tonnes of copper per year, is ahead of schedule and now on track to begin full operations in Q2 2022; and (iii) statements regarding Kamoa-Kakula and Kipushi are projected to be among the world's lowest greenhouse gas emitters per unit of metal produced.

As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements or information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project scope or design; (xvii) political factors; and (xviii) unforeseen delays or stoppages in shipping and transportation of goods and equipment.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under "Risk Factors", and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.

The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the "Risk Factors" section in the company's 2021 Q2 MD&A and its current annual information form.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99290

Oil prices have settled comfortably above the $80 mark as fears of demand destruction are countered by forecasts of a cold winter.

Energy Chart of the Week

Energy Market Movers

– South Korean tech firms LG Chem and LG Electronics will pay $1.2 billion for General Motors’ (NYSE:GM) Bolt EV recall, the majority of costs associated with recalling more than 140,000 cars worldwide.

– Global trading major Trafigura is planning to invest heavily in ammonia production as it sees the low-carbon gas as the shipping fuel of the future, already developing ammonia-fueled engines with Germany’s MAN Energy.

– Russian gas giant Gazprom (MCX:GAZP) mulls the expansion of its upcoming Ust-Luga LNG plant that is currently expected to have two 6.5mtpa trains coming online in 2024-2025, though it did not provide any details on the assumed capacity of the presumed third train.

Oil Prices Today, Tuesday, October 12, 2021

Crude prices seem to have settled quite comfortably above the $80 per barrel mark, despite growing calls from US officials on OPEC+ to increase production so as to ease the ongoing appreciation of transportation fuels. The supply restraint of the oil group has been largely offset by the Chinese power crunch and production mandates for refiners across the country. It takes several weeks for demand disruptions to be visible in crude flows, yet one can be certain Chinese buying for December-loading barrels will be even weaker than the already-meager levels of Q3. With this, Brent prices have been hovering around the $84 per barrel mark, whilst WTI is trading around $81 per barrel.

Related: High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand

China Set to Liberalize Power Prices Amid Ongoing Crunch.

Chinese authorities have decided to further liberalize power pricing for coal-fired electricity plants and force industrial consumers to buy from the market in a bid to ramp up production and render its pricing transparent.

La Nina Event Increasingly Likely This Winter.

Japan’s meteorological agency JMA has increased its probability forecast for a La Nina weather event from 30% to 60%, indicating that spells of cold weather in Northeast Asia are increasingly more likely in December 2021-February 2022 which spells trouble for electricity demand in the Asia Pacific.

Reliance Backs Up Commitment towards Solar.

India’s largest private refiner Reliance Industries (NSE:RELIANCE) paid $771 million to acquire Norway-based REC Solar, a solar-grade polysilicon producer, and separately agreed to buy a 40% stake in Sterling and Wilson, an Indian solar-focused engineering company, on the back of its $10 billion photovoltaic commitment as it seeks to diversify away from oil.

Aluminum Prices Soar on China’s Power Crunch.

Aluminum prices rose to a 13-year high this week as global supply continues to be severely hit by mandated cuts in China, power outages in India, and exorbitant energy costs in Europe, pushing the benchmark LME contract above $3,070 per metric ton.

There Is No Stopping for Coal Prices.

Coal prices have been increasing for 23 straight weeks already, with Australia’s benchmark Newcastle thermal coal prices traded around $230 per metric ton recently, gaining 400% year-on-year and some 12% week-on-week as high LNG prices incentivize coal switching.

Oxy Signs Up for Four Offshore Blocks in Colombia.

Colombia’s national hydrocarbon agency stated that US firm Anadarko, a subsidiary of Occidental Petroleum (NYSE:OXY), signed four exploration and production deals with expected investment commitments of $1.4 billion, less than a year after the parent company sold its onshore assets to the Carlyle Group.

Chinese Firm Signs 13-Year LNG Supply Deal with Cheniere.

China’s natural gas distributor ENN (SHA:600803) signed a 13-year supply deal with US firm Cheniere Energy (NYSE:LNG) for 0.9 million tons of LNG per year on a FOB basis, with prices pegged to Henry Hub prices plus a fixed liquefaction fee.

Angola Fails to Attract Majors’ Interest in Farm-Out Round.

Just as Angolan oil exports have dropped to a 30-year low this month, the African nation’s national oil company Sonangol disclosed the names of companies that bid in its upcoming farm-out bid round, with no Western majors being present.

Chevron Commits to 2050 Net-Zero Goal.

Wary of following in ExxonMobil’s (NYSE:XOM) footsteps, US major Chevron (NYSE:CVX) pledged to cut its operational emissions, coming predominantly from the upstream and power generation segments to a net-zero by 2050.

Freeport Starts Construction of Giant Indonesia Smelter.

US mining firm Freeport McMoran (NYSE:FCX) launched the construction of a $3 billion copper smelting facility in Gresik, East Java, with an assumed capacity of 1.7 million tons of copper concentrate. The plant will be designed by Chiyoda and should be commissioned in late 2023-early 2024.

Mexican President Accuses Trading Firms of Smuggling Fuel.

Mexico’s President Andres Manuel Lopez Obrador has accused trading major Trafigura of transporting contraband fuel into the Latin American country, adding that the import permit of the Swiss-based firm had already been suspended.

Norwegian Indigenous Group Turns Against Wind Energy.

In a landmark ruling for European law practice, Norway’s Supreme Court ruled that two wind farms, owned by a consortium led by Statkraft and built on territories inhabited by Sami people – whose grazing animals are frightened by the sight and sound of wind turbines – should see their licenses revoked.

Qatar Petroleum Rebrands as It Seeks to Expand Competence.

Qatar Petroleum changed its name to Qatar Energy to reflect a broader strategy scope as the Qatari NOC intends to move beyond hydrocarbon extraction and to expand its international presence in energy efficiency and CCS technologies.

By Tom Kool for Oilprice.com

More Top Reads from Oilprice.com:

• Is America Doomed To Replicate Europe’s Energy Crisis?
  

• A Cold Winter Could Send Oil Prices Soaring Past $100

• Canada’s Oil Stocks Are Trading At Bargain Basement Prices

Read this article on OilPrice.com

Freeport-McMoRan Inc. (FCX) hit a 6-month low and turned higher in September after the Copper futures contract carved a potential double bottom at the 50-week moving average.  Two upgrades have followed that turnaround, raising odds the copper-levered blue chip miner has finally ended a healthy correction and will now test May’s 9-year high in the mid-40s. However, patience is advised because accumulation is slumping near a 52-week low, highlighting persistent skepticism.

Inflation Fears and Supply Constraints

Many commodities are pushing against multiyear highs in reaction to growing inflation fears and/or supply constraints. Long- and short-dated Treasuries got a summer reprieve after yields at both ends hit the highest highs in more than a year but those bounces have now failed, giving way to downticks that could lift interest rates into territory not seen since 2018. In turn, copper could break out above May’s all-time high at 4.888, allowing Freeport-McMoRan to test 2011 price levels.

Bank of America Securities analyst Lawson Winder reinstated Freeport-McMoRan as a ‘Buy’ just two weeks ago, noting “FCX is a US listed, large, liquid, well-run copper mining company with a geographically diverse asset base (US, Latin America, Indonesia) and a strong track record of rewarding shareholders. FCX is now through a risky period and we see intriguing growth optionality and returns going forward. We are neutral copper in the short-medium term but see strong long-term fundamentals.

Wall Street and Technical Outlook

Wall Street consensus has grown more bullish in the last three months, now standing at an ‘Overweight’ rating based upon 14 ‘Buy’, 1 ‘Overweight’, 2 ‘Hold’, and 2 ‘Sell’ recommendations. Price targets currently range from a low of $29 to a Street-high $54 while the stock is set to open Tuesday’s session about $9 below the median $44 target. A rally into the midpoint looks like a smart bet at this point but, as usual, Freeport action will depend on the futures market.

Freeport-McMoRan posted an historic uptrend between 2000 and 2008, underpinned by rapid industrialization in the BRIC nations. It completed a double top breakdown in 2015 and fell within 14 cents of the 2000 low in 2016. A higher March 2020 low set off a vertical rally impulse that reversed after crossing the .618 Fibonacci selloff retracement level in May 2021.  A follow-through rally in coming months could easily reach the .786 retracement in the low 50s.

For a look at today’s economic events, check out our economic calendar.

Disclosure: the author held no positions in aforementioned securities at the time of publication. 

This article was originally posted on FX Empire

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TORONTO, Oct. 12, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce the appointment of Steven Gold as Vice President of Corporate Development and Investor Relations effective October 12, 2021 and grant of 200,000 stock options. Each stock option is exercisable into one common share of the Company at a price of $2.40 per share for a period of five years from the date of grant and vest 25 percent every six months.

Steven has nearly 20 years of capital markets experience in the natural resources sector, having held various positions in the investment industry across both the buy and sell sides. More recently, Steven held senior officer and corporate development roles at various junior and mid-level global mining-sector companies.

About Collective Mining Ltd.

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production. Management and insiders own approximately 41% of the outstanding shares of the Company and as a result are fully aligned with shareholders. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales Project. With an aggressive grassroots exploration program in 2021 outlining five major targets at the Guayabales Project, the Company recently initiated a maiden 7,500 metre drill program with a sole purpose to make the next major discovery in Colombia. Initial assay results from this drill program are anticipated in Q4, 2021.

Contact Information

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

FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements about Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

READING, Pa., Oct. 12, 2021 (GLOBE NEWSWIRE) — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today it has joined the CEO Water Mandate, a UN Global Compact initiative in co-secretariat with the Pacific Institute. As part of EnerSys’ ongoing commitment to using water and other natural resources efficiently and reducing the impacts of our resource use, these actions strengthen the company’s commitment to implement innovative, sustainable water strategies across its facilities around the world.

The CEO Water Mandate is a platform for business leaders and learners to advance water stewardship practice. Companies that endorse the CEO Water Mandate commit to action and continuous improvement across six key elements of water conservation, and to report annually on their progress, which includes direct operations, supply chain, and watershed management, collective action, public policy, community engagement, and transparency.

In implementing water stewardship, endorsing companies also identify and reduce critical water risks to their businesses, seize water-related saving opportunities, and contribute to water security and the United Nations Sustainable Development Goals. The CEO Water Mandate is now endorsed by EnerSys and over 200 companies from various industries around the world.

“The vision of EnerSys is Powering the Future – Everywhere for Everyone. This vision includes supporting the conservation of natural resources through both pioneering resource-efficient products as well as implementing improvements throughout our global business operations. Whether it is through innovations like Thin Plate Pure Lead (TPPL) battery technology that significantly reduces water use from traditional batteries, or the ongoing investment in greater efficiency and water recycling opportunities in our facilities, EnerSys understands the value of water resilience and the importance of partnerships to support our natural resources and the environment,” said EnerSys President and CEO David M. Shaffer.

Caution Concerning Forward-Looking Statements

EnerSys is making this statement in order to satisfy the “Safe Harbor” provision contained in the Private Securities Litigation Reform Act of 1995. Any of the statements contained in this press release that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. Forward-looking statements may be based on expectations concerning future events and are subject to risks and uncertainties relating to operations and the economic environment, all of which are difficult to predict and many of which are beyond our control. For a discussion of such risks and uncertainties that could cause actual results to differ materially from those matters expressed in or implied by forward-looking statements, please see our risk factors as disclosed in the “Risk Factors” section of our annual report on Form 10-K for fiscal year ended March 31, 2021. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

About EnerSys

EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business.

More information regarding EnerSys can be found at www.enersys.com.

About the CEO Water Mandate

The CEO Water Mandate is a United Nations Global Compact initiative that mobilizes business leaders on water, sanitation, and the Sustainable Development Goals for corporate water stewardship. Endorsers of the Mandate commit to continuous progress against six core elements (direct operations, supply chain and watershed management, collective action, public policy, community engagement and transparency) and in so doing understand and manage their own water risks. Established in 2007 and implemented in partnership with the Pacific Institute, the Mandate was created out of the acknowledgment that global water challenges create risk for a wide range of industry sectors, the public sector, local communities and ecosystems alike. For more information, follow @H2O_stewards on Twitter and visit our website at ceowatermandate.org.

About the United Nations Global Compact:

As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 12,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org.

For more information, contact Michael J. Schmidtlein, Chief Financial Officer, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel: 610-236-4040 or by emailing investorrelations@enersys.com.