VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce the Company has received at total of $1,100,750 from the exercise of 11,007,500 warrants. Each warrant was exercisable into one common share at a price of $0.10, and as announced in the Company’s press release dated August 18, 2021, the Company had accelerated the expiry date of the warrants to September 30, 2021. There were 1,492,500 warrants unexercised and which will be cancelled.

Greg Andrews, President/CEO commented: “We truly appreciate the support and confidence of our shareholder base to exercise these warrants. The funds will be used for general working capital to continue our “Sprint to Production” which includes the following: 1) costs associated with producing the Q1 2022 Preliminary Economic Assessment Report, 2) continued environmental baseline studies, and 3) processing the 80t bulk sample of material for our magnetic pilot plant testing. Our current exploration program is being funding from our $ 2,520,000 flow through funding from March 2021.”

About Search Minerals Inc.

Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX.

Search has continued to optimize our patented Direct Extraction Process technology with the generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining.

For further information, please contact:

Greg Andrews
President and CEO
Tel: 604-998-3432
E-mail: info@searchminerals.ca

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

Cautionary Statement Regarding “Forward-Looking” Statements:

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company’s proposed exploration programs described herein, and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to obtain the necessary resources to complete the exploration programs and poor exploration results.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's financial condition and development plans do not change as a result of unforeseen events, and that the Company will receive all required regulatory approvals.

Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We note that Hochschild Mining plc (LON:HOC) does have debt on its balance sheet. But the more important question is: how much risk is that debt creating?

Why Does Debt Bring Risk?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. The first step when considering a company's debt levels is to consider its cash and debt together.

Check out our latest analysis for Hochschild Mining

How Much Debt Does Hochschild Mining Carry?

You can click the graphic below for the historical numbers, but it shows that Hochschild Mining had US$209.8m of debt in June 2021, down from US$227.1m, one year before. However, its balance sheet shows it holds US$256.9m in cash, so it actually has US$47.1m net cash.

How Strong Is Hochschild Mining's Balance Sheet?

The latest balance sheet data shows that Hochschild Mining had liabilities of US$195.2m due within a year, and liabilities of US$376.7m falling due after that. On the other hand, it had cash of US$256.9m and US$90.4m worth of receivables due within a year. So its liabilities total US$224.5m more than the combination of its cash and short-term receivables.

Hochschild Mining has a market capitalization of US$927.7m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. But it's clear that we should definitely closely examine whether it can manage its debt without dilution. Despite its noteworthy liabilities, Hochschild Mining boasts net cash, so it's fair to say it does not have a heavy debt load!

Even more impressive was the fact that Hochschild Mining grew its EBIT by 142% over twelve months. That boost will make it even easier to pay down debt going forward. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately the future profitability of the business will decide if Hochschild Mining can strengthen its balance sheet over time. So if you're focused on the future you can check out this free report showing analyst profit forecasts.

Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. While Hochschild Mining has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. During the last three years, Hochschild Mining produced sturdy free cash flow equating to 66% of its EBIT, about what we'd expect. This free cash flow puts the company in a good position to pay down debt, when appropriate.

Summing up

While Hochschild Mining does have more liabilities than liquid assets, it also has net cash of US$47.1m. And we liked the look of last year's 142% year-on-year EBIT growth. So is Hochschild Mining's debt a risk? It doesn't seem so to us. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. For instance, we've identified 2 warning signs for Hochschild Mining that you should be aware of.

At the end of the day, it's often better to focus on companies that are free from net debt. You can access our special list of such companies (all with a track record of profit growth). It's free.

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.

TORONTO, Oct. 05, 2021 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it has advanced US$3 million as property option payments, pursuant to the Private Option Agreement (the “Agreement”) to acquire a 99% interest in the Iska Iska silver-tin polymetallic project (“Iska Iska”) in the Potosi Department, southern Bolivia. The Agreement grants Eloro the option to acquire a 99% interest in Iska Iska for consideration consisting of 500,000 Eloro common shares, of which 250,000 have been issued, with the remaining 250,000 to be issued on or before January 6, 2022, and the payment of US$10 million, of which US$3 million has been paid to date, with the remaining US$7 million due on or before January 6, 2024.

To date, the Company has completed 31,500 metres (m) in 61 drill holes including three (3) in progress to test major target areas at Iska Iska. Currently three diamond drill rigs are active at Iska Iska, two surface rigs and one underground drill. Planned drilling for 2021 is 51,000m with the aim of outlining an initial inferred National Instrument (“NI”) 43-101 compliant mineral resource by Q1 2022. Additionally, a downhole induced polarization/resistivity (IP/Res) survey is in progress to further define drill targets and aid resource definition drilling. Preliminary metallurgical tests are also in progress. An updated NI 43-101 Technical Report is being prepared by independent consultant Micon International Ltd.

“We are extremely pleased with the progress and exploration effort at Iska Iska and are most grateful for the partnership and contributions to date by the title holder, Empresa Minera Villegas S.R.L.,” commented Thomas Larsen, CEO of Eloro. “Due to the positive results to date from our drill campaign, initial engineering studies to establish potential economic parameters for mineral resource definition will commence shortly, with a site visit having already been completed by a top Peruvian Engineering firm. More detailed metallurgical studies are also planned.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

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 release.

VANCOUVER, BC / ACCESSWIRE / October 5, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") announces promising results from a program of geological mapping, prospecting and hand trenching, which was recently completed at its Kluane gold project in southwestern Yukon (Figure 1). The project hosts an extensive system of high-grade gold veins, one of which was trenched in 2021. Highlights from recent trenching at the Rikus Vein include:

• 20.54 g/t gold over 2.1 m including 40.5 g/t over 0.98 m;

• 13.84 g/t gold over 2 m including 27.2 g/t gold over 1 m;

• 8.60 g/t gold over 5 m including 18.6 g/t over 2 m;

• 7.83 g/t gold over 1.65 m including 20.6 g/t gold over 0.57 m; and

• 6.48 g/t gold over 2.2 m including 11.25 g/t gold over 1.2 m.

"Hand trenching has now identified attractive drill targets in several locations within this camp-scale property, and follow-up of strong geochemical and geophysical anomalies offers excellent potential for additional discoveries" states Doug Eaton, CEO of Strategic Metals. "We believe that the Kluane project could host the next multi-million ounce deposit in Yukon".

The Kluane project is located 45 km north-northwest of Haines Junction, 29 km west of the Aishihik hydro-electric dam and 10 km from the closest road. It lies within the Traditional Territory of the Champagne and Aishihik First Nation, which have signed a land claim agreement with Yukon and Canada and an exploration benefits agreement with the Company. The project comprises 279 contiguous mineral claims encompassing an area totalling approximately 5550 hectares (55.5 sq. km.).

The Kluane vein system straddles the Kluhini River thrust fault, which juxtaposes Cretaceous and older, schist and paragneiss units of Kluane schist to south with granodiorite and quartz-diorite phases of the Paleocene, Ruby Range batholith to the north. Mineralized veins have been discovered across the entire project area, in both the metamorphic and intrusive rocks. The 2021 hand trenches are located in the southeastern part of the claim block where the veins are discordant to foliation and layering in the metamorphic host rocks (Figures 2 and 3). The trenches and nearby historical drill holes trace the mineralization over a length of 710 m and through a vertical range of 185 m. The following table shows results from the trenches. Historical drilling supports the trench results but the relatively shallow, small diameter holes had poor core recoveries, averaging about 50% in veins. Drill results appear as an insert on Figure 2.

Mineralized veins contain sulphide minerals and occasionally coarse native gold, in a gangue comprised of milky white, granular to massive quartz and lesser, tan to cream carbonate. The sulphide minerals occur as disseminations and in semi-massive bands. Arsenopyrite is by far the most abundant sulphide mineral but traces of galena, chalcopyrite and pyrite have been noted. Most mineralized veins are scorodite-stained at surface because sulphide minerals are usually wholly or partially oxidized. Mineralized veins rarely outcrop and are usually marked by north-trending recessive topographic linears. Samples of mineralized vein material typically contain greater than 5 g/t gold, with the highest grade rock sample assaying 225 g/t gold (Figure 4).

Soil geochemical sampling has outlined numerous strong anomalies for gold and/or arsenic, some of which form relatively continuous bands that are more than 2000 m long. Several of the soil anomalies coincide with the surface traces of known veins, but many others are unexplained. Peak soil values are 3280 ppb gold and 7350 ppm arsenic (Figures 5 and 6). A horizontal-loop electromagnetic (HLEM) survey that was conducted over part of the property identified a number of conductors, which coincide with known veins and soil geochemical anomalies (Figure 4). Some of these conductors are in areas of deep and/or frozen overburden, which has hampered prospecting and trenching efforts. Property-wide LiDAR imaging has highlighted several recessive linears that have not been systematically prospected or soil sampled (Figure 4).

Age dating and tectonic reconstruction to allow for displacement along the nearby Denali fault suggest that the veins at the Kluane project may belong to the same metallogenic event as the highly-productive orogenic veins of the Juneau gold belt, located to the south in Alaska (Figure 1). Mines in the Juneau belt produced at total of 6.7 million oz of gold prior to 1945 and production continues at the Kensington Mine, which is owned by Coeur Mining. However, magnetic data and strong positive correlations of gold with tungsten and bismuth, suggest that there may also be some over-printing by an intrusion-related hydrothermal system at the Kluane project.

Rock sample preparation and multi-element analyses were carried out at ALS in Whitehorse, YT and North Vancouver, BC, respectively. Each sample was dried, fine crushed to better than 70% passing 2 mm and then a 250 g split was pulverized to better than 85% passing 75 microns. The fine fractions were analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 48 other elements by inductively coupled plasma-mass spectrometry (ME-MS61). An additional 50 g charge was further analysed for gold by gravimetric analysis (Au-GRA22).

Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

About Strategic Metals Ltd.

Strategic is a project generator with 11 royalty interests, 8 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of $7.5 million and large shareholdings in a number of active mineral exploration companies including 40% of Broden Mining Ltd., 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.9% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio, excluding Broden is approximately $22 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:

Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/666751/Strategic-Metals-Exposes-21-m-Grading-2054-gt-Gold-at-Its-Kluane-Project-Southwestern-Yukon

VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX: DNT, BVL: DNT) ("Candente Copper", "the Company") is pleased to announce the appointment of Harbor Access LLC, a strategic Investor Relations firm with offices in the US and Canada. Harbor Access will provide Investor Relations support and investor outreach to the Company.

“This latest appointment is part of our new outreach program and greater transparency of all that we are doing at Candente Copper. We are in the midst of a strong copper bull market and want to ensure that our evolving investment opportunity is seen and heard by more investors,” stated Joanne Freeze, President and CEO of Candente Copper.

The initial term of the contract is for six months with a monthly retainer of US$7,500.

“We are excited to work with Joanne and her team at Candente Copper, to build upon the work they have done so far and expand their Investor Relations program,” commented Jonathan Paterson, Managing Partner Harbor Access.

About Harbor Access
Harbor Access is a full-service strategic Investor Relations firm with unrivalled access to North American and European institutional investors. Harbor Access takes a measured approach to developing or recalibrating a client’s investment story.

About Candente Copper
Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company’s most advanced project is its 100% owned Cañariaco project, which includes the Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

Ausenco Engineering Inc. has been engaged to conduct an updated PEA to evaluate a new development strategy for the Cañariaco Norte Project. The updated PEA will evaluate new options (identified in the recently completed Desktop Study) to reduce both the CapEx and OpEx from the analyses conducted between 2010 and 2014. The updated PEA study is estimated to be completed before the end of Q4 2021.

Geometallurgical modelling of the deposit and updated smelting costs have indicated that the Outotec Roaster proposed during previous studies will not be required, and therefore it will not be contemplated in the PEA.

Tailings storage methodologies which could improve ESG practices will be assessed in more detail as part of the PEA. The scope of work will include cost-effective mining, process plant and infrastructure design concepts, as well as managing the overall NI 43-101 PEA to drive value-adding initiatives across the entire project, while meeting Candente Copper’s ESG vision.

Joanne C. Freeze, P.Geo., CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She has reviewed and approved the contents of this release.

This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to the potential for discovery on the Cañariaco Property and other statements that are not historical facts including comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, the completion of a favourable PEA and the expected results thereof and the acquisition of various permits. While such forward-looking information is expressed by Candente Copper in good faith and believed by Candente Copper to have a reasonable basis, they address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Candente Copper’s MD&A. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, metal prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Candente Copper expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:

info@candentecopper.com
www.candentecopper.com

NR-140

Vancouver, British Columbia–(Newsfile Corp. – October 5, 2021) – Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce initial drill results from the Company's maiden 20,000 metre (m) drill program at its 100% owned Ranch Gold-Copper Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Strongly altered zones from the first three holes at the Bonanza Zone were selected for rushed analysis, the results are presented in Table 1.

Highlights

• Drill hole 21BNZDD001 returned 34.00 m core length of 19.56 g/t Au at the Bonanza Gold Zone; including 15.00 m of 41.64 g/t Au and 7.00 m of 82.48 g/t Au from a depth of only 26 metres downhole (Table 1).

• Similarly drill hole 21BNZDD003, a 15 metre step out from 21BNZDD001 intersected high-grade gold mineralization essentially at surface returning 24.86 m of 9.53 g/t Au including 5.65 m of 28.72 g/t Au.

• Of the planned 20,000 m drill program, over 6,000 metres has been completed to date at the Bonanza and Ridge Gold Zones that includes confirmation, expansion, and exploration drilling (Figure 1).

• Two diamond drill rigs are currently turning at Bonanza, but will shortly be moving to the Thesis 2 & 3 Gold Zones to complete a similar confirmation and expansion program.

• Third drill rig added.

  • A track mounted reverse circulation (RC) drill rig has recently been added and is testing over 10 new exploration targets at the heart of the project.

• Vuggy silica and pervasive silicification, with local hydrothermal brecciation, are the best indicators of elevated gold within the high sulphidation epithermal alteration envelope. Additionally, historical drill logs and early assay results indicate a strong correlation between the presence of copper sulphides and gold content in drilling (Figure 1).

Table 1: Initial partial assay results from the Bonanza Zone

*Intervals are core-length. True width is estimated between 80-90% of core length.

Ewan Webster, President and CEO, commented, "Thesis is delighted with these initial outstanding assay results from our maiden drill program. These first three confirmation holes at the Bonanza Zone confirm high-grade gold mineralization extends from surface to depth. We anticipate further results from both the Bonanza and the Ridge Zones over the coming weeks."

Figure 1: Plan map of completed 2021 and historical drilling at the Bonanza and Ridge Zones.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2191/98574_b9e7193c24234a4b_001full.jpg

Figure 2: Simplied cross-section showing only 21BNZDD001 with logged alteration, gold assay histograms, and sample assay status.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2191/98574_b9e7193c24234a4b_002full.jpg

Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). The sampling program was undertaken by Company personnel under the direction of Rob L'Heureux, P.Geol. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Drill intervals with visible gold were assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

Ewan Webster Ph.D., P.Geo.
President, CEO and Director

About Thesis Gold Inc.

Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C. For further details about the Ranch Gold Project and the 2021 drill program, please click here and watch the videos on the project – https://howardgroupinc.com/thesisgoldvideos/

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President
The Howard Group Inc.
Email: dave@howardgroupinc.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

Nick Stajduhar
Director
Thesis Gold
Email: nicks@thesisgold.com

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98574

TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

KELOWNA, BC, Oct. 5, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that President and CEO, Ross McElroy, will present at the TD Securities Virtual Uranium Roundtable on October 7, 2021. Mr. McElroy will provide an update on Fission's resource expansion program and the on-going feasibility study for the Company's high-grade, near surface uranium project in Saskatchewan.

Event Details

• Event: TD Securities Virtual Uranium Roundtable

• Date: October 7, 2021

• Fission Presentation: Thursday, October 7, 2021 at 2:10pm ET

• Company Webcasting Link: Fission Presentation

• Location: Virtual Conference

About Fission Uranium
Fission Uranium Corp. is a Canadian based resource company specializing in the development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit. The Company is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the Toronto Stock Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

ON BEHALF OF THE BOARD

" Ross McElroy "

Ross McElroy, President & CEO

Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: risks related to the Offering, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

SOURCE Fission Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/05/c0944.html

One stock that might be an intriguing choice for investors right now is Peabody Energy Corporation BTU. This is because this security in the Coal space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Coal space as it currently has a Zacks Industry Rank of 92 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Peabody Energy is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Peabody Energy Corporation Price and Consensus

Peabody Energy Corporation price-consensus-chart | Peabody Energy Corporation Quote

In fact, over the past month, current quarter estimates have risen from 45 cents per share to 72 cents per share, while current year estimates have moved from a loss of 55 cents per share to a profit of $1.20 per share. This has helped BTU to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Peabody Energy. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Zacks Investment Research

For Immediate Release

Chicago, IL – October 5, 2021 – Stocks in this week’s article are Ternium S.A. TX, Centrus Energy Corp. LEU and Sanderson Farms, Inc. SAFM.

3 Top-Ranked Efficient Stocks to Enrich Your Portfolio

Efficiency level measures a company’s capability to transform available input into output and is often considered an important parameter for gauging a company’s potential to make profits. One must consider popular efficiency ratios while selecting stocks. These are the efficiency ratios:

Inventory Turnover: The ratio of 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low inventory level compared to COGS, a low value indicates that the company is facing declining sales, which resulted in excess inventory.

Receivables Turnover:  This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.

Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.

Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1804372/3-top-ranked-efficient-stocks-to-enrich-your-portfolio

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

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Strong Stocks that Should Be in the News

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Zacks Investment Research

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

VANCOUVER, BC, Oct. 5, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") announces that, further to its news release dated September 29, 2021, it has issued 1,666,714 common shares in the capital of the Company (each, a "Share"), at a deemed issue price of $0.2063 per Share, in settlement of drilling services totaling $343,843.20.

The Shares are subject to a four month hold period expiring on February 2, 2022 required pursuant to the policies of the TSX Venture Exchange.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director

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

FORWARD LOOKING STATEMENTS: Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the Company's ability to execute and implement its future plans. The actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, except as may be required by applicable securities laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-announces-issuance-of-shares-for-services-301392546.html

SOURCE Blue Sky Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/05/c5509.html

PepsiCo, Inc. PEP has reported robust third-quarter 2021 results, wherein earnings and revenues beat the Zacks Consensus Estimate and improved year over year. The company continues to benefit from investments in brands, go-to-market systems, supply chains, manufacturing capacity and digital capabilities to build competitive advantages. It also gained from the resilience and strength in its global snacks and foods business as well as growth in the beverage category. It witnessed resilient trends in the North America business, while the international business delivered growth despite uneven recovery across geographies.

Driven by the strong results, the company’s shares gained 1.2% in the pre-market session. Shares of the Zacks Rank #3 (Hold) company have risen 0.7% in the past three months against the industry’s 0.2% fall.

 

Image Source: Zacks Investment Research

 

Quarter in Detail

PepsiCo’s third-quarter core earnings per share (EPS) of $1.79 beat the Zacks Consensus Estimate of $1.73 and increased 7.8% year over year. In constant currency, core earnings were up 5.5% from the year-ago period. The company’s reported EPS of $1.60 declined 3% year over year. Foreign currency aided earnings per share by 2% in the reported quarter.

Net revenues of $20,189 million improved 11.6% year over year and surpassed the Zacks Consensus Estimate of $19,441 million. Revenues benefited from volume growth and robust price/mix in the reported quarter. On an organic basis, revenues grew 9% year over year, driven by broad-based growth across categories and geographies. On a two-year basis, organic revenues increased 13.3%. Foreign currency aided revenues by 2% in the third quarter.

Consolidated organic volume was up 4% and price/mix improved 5% in the third quarter. Pricing gains were driven by strong realized prices across all segments. The unit volume was up 4% year over year for the snacks/food business and 8% for the beverage business.

PepsiCo, Inc. Price, Consensus and EPS Surprise
PepsiCo, Inc. price-consensus-eps-surprise-chart | PepsiCo, Inc. Quote

Revenues were also aided by the resilience in the snacks business as well as gains in the beverage business. Organic revenues grew 8% for the snacks business and 10% for the beverage business. Region-wise, organic revenues improved 6% for the North America business and 14% for the international business.

On a consolidated basis, reported gross profit increased 8.7% year over year to $10,795 million. The core gross profit rose 9%. The reported gross margin contracted 145 basis points (bps), while the core gross margin declined 118 bps.

The reported operating income of $3,159 million increased 4.9% year over year, while the core operating income improved 6%. The reported operating margin fell 100 bps, while the core operating margin declined 77 bps. The soft margin performance can be attributed to the impacts of supply-chain disruptions as well as the negative effects of the inflationary pressures from labor, transportation and commodity costs. The factors impacted core operating profits for the FLNA and QFNA segments.

Segment Details

On a segmental basis, the company witnessed revenue growth across all segments. Organic revenues also ascended for all segments.

Revenues, on a reported basis, improved 6% in FLNA, 2% in QFNA, 7% in PBNA, 9% in Europe, 33% in AMESA, and 27% each in Latin America and APAC segments. Organic revenues increased 5% for FLNA, 1% for QFNA, 7% for PBNA, 19% for Latin America, 8% for Europe, 20% for AMESA and 15% for APAC segments.

The operating profit (on a reported basis) was flat for FLNA, while it increased 11% for PBNA, 57% for Latin America, 63% for AMESA and 23% for APAC. However, it declined 27% for QFNA and 8% for Europe.

Financials

The company ended the third quarter with cash and cash equivalents of $6,506 million, long-term debt of $37,023 million, and shareholders’ equity (excluding non-controlling interest) of $15,872 million.

Net cash used in operating activities was $6,634 million as of Sep 4, 2021, compared with $6,123 million as of Sep 5, 2020.

Outlook

Backed by the strong results, the company raised its sales guidance for 2021. It now expects organic revenue growth of 8% compared with 6% growth stated earlier. Core constant currency earnings per share are expected to increase 11% versus the previously mentioned 11% growth. Core earnings per share are anticipated to rise 12% compared with 12% growth stated earlier. Consequently, it estimates core earnings per share of $6.20 for 2021, whereas it reported $5.52 in 2020.

The company continues to expect a core effective tax rate of 21%. It expects currency tailwinds to aid its revenues and core earnings per share by 1 percentage point in 2021, based on the current rates.

PepsiCo remains committed to rewarding its shareholders through dividends and share buybacks. The company anticipates total cash returns to shareholders of $5.9 million, including $5.8 million of cash dividends and $106 million of share repurchases. It has completed its share-repurchase authorization and expects no more share repurchase through the rest of 2021.

Don’t Miss These Better-Ranked Stocks

Albertsons Companies, Inc. ACI has a long-term earnings growth rate of 12%. It currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Coca-Cola FEMSA S.A.B. de C.V. KOF, with a Zacks Rank #2 at present, has a long-term earnings growth rate of 14.3%.

Coca-Cola Europacific Partners CCEP, also a Zacks Rank #2 stock, has a long-term earnings growth rate of 21.1%.

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Zacks Investment Research

Toronto, Ontario–(Newsfile Corp. – October 5, 2021) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) is aware of a Bloomberg article with respect to its Western Foreland copper exploration project, which is adjacent to, and along trend of, the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo.

Ivanhoe does not comment on market rumors or speculation, nor discuss specific negotiations. Ivanhoe can, however, confirm that at this time there are no undisclosed material facts or events regarding the Western Foreland project.

Information contacts

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98618

BHP Group BHP recently entered into a deal to supply nickel sulphate to Prime Planet Energy & Solutions (“PPES”), one of Japan’s leading lithium-ion battery producers. This will enable Prime Planet Energy & Solutions to develop lower carbon batteries, which will be supplied to Electric Vehicle (“EV”) manufacturers including Toyota Motor Corporation TM.

To this effect, a Memorandum of Understanding (“MOU”) has been signed between BHP Group, Prime Planet Energy & Solutions and Toyota Tsusho Corporation. Notably, Prime Planet Energy & Solutions is a joint venture between Toyota Motor and Panasonic Corporation. Toyota Tsusho Corporation is a general trading company that is part of the Toyota group.

Per the MOU, BHP Group will supply nickel sulphate to Prime Planet Energy & Solutions from its newly constructed Nickel West facility in Western Australia. Nickel West is one of the most sustainable nickel producers in the world. On Oct 1, BHP Group announced that it has produced the first nickel sulphate crystals from the plant. The plant is the first of its kind in Australia and will produce 100,000 tons of nickel sulphate per year, when fully operational. Its production will be enough to make 700,000 electric vehicle batteries each year.

BHP Group, along with Prime Planet Energy & Solutions and Toyota Tsusho Corporation, is making every effort to create a more sustainable and transparent industry, which is working collectively to lift standards and reduce emissions. According to the terms of the MoU, the parties will seek to identify ways to make the Japanese battery supply chain more sustainable by lowering carbon emissions in battery value chains. They will also explore the possibility of recycling battery scrap and used batteries at BHP Group’s Nickel West for further processing and production of nickel bearing products.

Amid the heightening climate-change concerns, development of batteries used to power EVs is gaining utmost importance. This, in turn, has fueled demand for metals, particularly copper and nickel, utilized in the production of batteries. Riding on this, demand for nickel in batteries is estimated to surge more than 500% over the next decade. Thus, BHP Group has been investing in its Nickel West facilities. The company is one of the world’s leading nickel suppliers to the battery metals market, with 85% of its nickel metal currently sold to the battery market. It delivers some of the world’s most sustainable and lowest carbon emission nickel to customers. BHP Group is working toward its strategy of focusing on commodities (copper, nickel and potash) that will help it capitalize on growing global trends such as decarbonisation, electrification population growth, rising living standards in the developing countries among others.

Earlier in July, BHP Group entered into an agreement with Tesla TSLA to supply nickel from the Nickel West mine. In addition to the supply agreement, BHP and Tesla will collaborate on ways to make the battery supply chain more sustainable with a focus on end-to-end raw material traceability using blockchain and technical exchange for battery raw materials production. The companies will also focus on promoting the importance of sustainability in the resources sector, including identifying partners who are most aligned with BHP and Tesla’s principles and battery value chains. BHP Group will also collaborate with Tesla on energy storage solutions to identify opportunities to lower carbon emissions in their respective operations through increased use of renewable energy paired with battery storage.

BHP Group’s shares have fallen 18.4% so far this year compared with the industry’s decline of 8.9%. This can primarily be attributed to the recent plunge in iron ore prices due to weak demand in China on account of its intensified curbs on steel production and slowdown across its property sector. In the third quarter of 2021, iron ore plummeted 49% — the first quarterly loss since the first quarter of 2020.

Image Source: Zacks Investment Research

Zacks Rank & a Key Pick

BHP Group currently carries a Zacks Rank #5 (Strong Sell).

A better-ranked stock in the basic materials space includes Veritiv Corporation VRTV which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Veritiv has a projected earnings growth rate of 214.9% for the current year. The company’s shares have skyrocketed 359% year to date.

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BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

Toyota Motor Corporation (TM) : Free Stock Analysis Report

Tesla, Inc. (TSLA) : Free Stock Analysis Report

Veritiv Corporation (VRTV) : Free Stock Analysis Report

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Zacks Investment Research

Figure 1: Plan View of the Guayabales Project and the Box Target

Figure 1: Plan View of the Guayabales Project and the Box Target

Figure 2: Plan View of the Box Target Area (Gold Values (g/t))

Figure 2: Plan View of the Box Target Area (Gold Values (g/t))

Figure 3: Molybdenum Rock Geochemistry of the CPZ (Porphyry Zone)

Figure 3: Molybdenum Rock Geochemistry of the CPZ (Porphyry Zone)

Figure 4: Plan View and North-South IP Section Over the CPZ Highlighting Chargeability and Resistivity

Figure 4: Plan View and North-South IP Section Over the CPZ Highlighting Chargeability and Resistivity

Figure 5(a): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(a): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(b): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(b): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(c): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(c): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

TORONTO, Oct. 05, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce, as part of its 7,500-meter maiden drill program, that it is mobilizing a second diamond drill rig to the Guayabales Project, Colombia. The new drill rig is expected to begin operating before the end of October 2021 and will be targeting a grass-root generated large-scale and mineralized outcropping gold-rich porphyry system within the Box target area (“Box”). Box is one of the five major grass-root drill-ready target areas identified at the Guayabales Project by the Company in 2021. The Guayabales Project is situated contiguous and immediately along strike and to the northwest of Aris Gold’s multi-million-ounce deposit. The Company interprets the abundant precious metal mineralization encountered throughout the Guayabales project to be related to multiple mineralized styles that include gold-copper-molybdenum porphyries and associated breccia as well as high grade, precious and base metal vein systems that are superimposed on and enrich the porphyry bodies.

Highlights (Table 1 and Figures 1 to 5)

• The porphyry zone (“CPZ”) within the Box is a coincidental strong gold, silver, copper and molybdenum soil anomaly characterized by high-grade veins overprinting porphyry mineralization. In turn, the mineralization is situated directly within coincidental magnetic chargeability and resistivity geophysical anomalies typical of a porphyry system.

• The surface area for the CPZ at Box measures 500 metres by 400 metres and is open in all directions for expansion.

• The CPZ has returned channel and grab sampling from three different styles of mineralization; polymetallic veins, porphyry stockwork and disseminated sulphide. Samples for the high-grade veins returned a range of intercepts grading up to 14.8 g/t gold and 276 g/t silver. These high-grade veins are superimposed on porphyry veinlets, stockwork and disseminated sulphide mineralized systems with grades ranging from 0.4 g/t to 1 g/t gold with select results as follows:

Table 1 Rock and Channel Sample Results at the Box Target

*Grab sample

“The deep penetrating, high resolution IP work when combined with our exploration data has been an effective targeting tool in defining multiple targets consisting of different mineralization styles at the Guayabales Project. As a result, the Company is now beginning a robust drill program to test our initial five targets over the balance of the year and into 2022. Importantly, we expect that initial assay results from drilling at the Donut target, which commenced in September, will be available prior to the end of October,” commented Ari Sussman, Executive Chairman.

Details

The CPZ within the Box is in the western portion of the Guayabales Project and is hosted within multiple porphyritic diorites which intrude into carbonaceous schist and siltstone country rocks. Previously, the Company announced channel and rock sample results from small porphyry and polymetallic vein outcrops within the Box target (see press release dated July 29, 2021). The Company has now undertaken extensive additional surface work and geophysical surveys at the Box target which define a central, mineralized porphyry zone, referred to as the impregnated zone and enveloped by high grade, polymetallic veins to the north, west and south of the porphyry body (see Figure 1).

The CPZ contains gold mineralized stockwork and sheeted vein systems hosting quartz-pyrite-molybdenite-magnetite-chalcopyrite assemblages that are associated with potassic alteration. The mineralized vein systems are coincident with soil anomalies for copper (>500ppm), molybdenum (>3ppm) and gold (>100 ppb) and cover an area of 500 meters by 400 meters. The mineralized porphyry system is impregnated by late stage polymetallic veins which host gold, silver, sphalerite, and galena sulphides. Located to the North and South of the porphyry zone are additional zones of polymetallic veins which fringe the main porphyry bodies and are associated with extensive sericite-chlorite alteration. The polymetallic veins locate within intersecting structures and have northeast, northwest and east-west orientations.

Outcrop exposure within Box is limited due to extensive landslides and colluvium cover. Geophysical surveys were therefore undertaken to assist in target definition and included airborne magnetics and a deep penetrating, ground IP survey. Three-dimensional modelling of all this data has highlighted the presence of a zone of chargeability highs associated with intermediate resistive bodies which are coincident with an intermediate magnetic anomaly. The geophysical anomalies demonstrate an excellent coincidence with the CPZ as defined by geological mapping, soil and rock sampling. The magnetic survey also highlights a clear, NE-SW trending structural corridor which is interpreted to have facilitated emplacement of the CPZ and vein systems in between the various country rocks.

Qualified Person (QP) and NI43-101 Disclosure

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

Technical Information

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

About Collective Mining Ltd.

Collective 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 the maiden drill program, including timing of results, and 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.

Figure 1: Plan View of the Guayabales Project and the Box Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9493f7a1-50ad-433a-b8c1-e3a07a448764

Figure 2: Plan View of the Box Target Area (Gold Values (g/t)) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bbaca844-6d72-4a4d-a42d-2e2ce28635e0

Figure 3: Molybdenum Rock Geochemistry of the CPZ (Porphyry Zone) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85891bd7-ed3b-481d-bb4e-3398f06ee36b

Figure 4: Plan View and North-South IP Section Over the CPZ Highlighting Chargeability and Resistivity is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eff70626-3997-412d-a89d-2804e2f324ed

Figure 5: Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/34b8901f-40c8-4e4d-b515-148288cc7e25 and https://www.globenewswire.com/NewsRoom/AttachmentNg/e9410fdb-a8cd-43ea-bee0-598cafd1d9d0 and https://www.globenewswire.com/NewsRoom/AttachmentNg/dac3b0b7-a683-494b-bfa6-8ca218d69b36

Investors looking for stocks in the Chemical – Diversified sector might want to consider either Univar (UNVR) or Albemarle (ALB). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Currently, Univar has a Zacks Rank of #2 (Buy), while Albemarle has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that UNVR is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.

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

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

UNVR currently has a forward P/E ratio of 13.73, while ALB has a forward P/E of 60.30. We also note that UNVR has a PEG ratio of 1.06. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ALB currently has a PEG ratio of 2.79.

Another notable valuation metric for UNVR is its P/B ratio of 1.99. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, ALB has a P/B of 3.95.

These are just a few of the metrics contributing to UNVR's Value grade of B and ALB's Value grade of D.

UNVR sticks out from ALB in both our Zacks Rank and Style Scores models, so value investors will likely feel that UNVR is the better option right now.

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EROAD (NZSE:ERD) has had a rough three months with its share price down 7.6%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on EROAD's ROE.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

Check out our latest analysis for EROAD

How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for EROAD is:

1.9% = NZ$2.0m ÷ NZ$105m (Based on the trailing twelve months to March 2021).

The 'return' is the profit over the last twelve months. That means that for every NZ$1 worth of shareholders' equity, the company generated NZ$0.02 in profit.

What Is The Relationship Between ROE And Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

EROAD's Earnings Growth And 1.9% ROE

As you can see, EROAD's ROE looks pretty weak. Not just that, even compared to the industry average of 23%, the company's ROE is entirely unremarkable. However, we we're pleasantly surprised to see that EROAD grew its net income at a significant rate of 38% in the last five years. We believe that there might be other aspects that are positively influencing the company's earnings growth. Such as – high earnings retention or an efficient management in place.

Next, on comparing with the industry net income growth, we found that EROAD's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see.

Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. Is ERD fairly valued? This infographic on the company's intrinsic value has everything you need to know.

Is EROAD Using Its Retained Earnings Effectively?

EROAD doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above.

Summary

On the whole, we do feel that EROAD has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.

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

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

VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to provide an update on developments and plans across all of its projects and at the corporate level.

Highlights:

• Tonopah Lithium Claims (“TLC”):

  • Big Smoky / Crescent Dunes acquisition closed – TLC now at approximately 12,975 contiguous acres;

  • Received BLM approval to drill up to 15 new holes (approx. 2,000 metres (“m”)) to test high grade target areas (up to 2,361 parts per million (“ppm”) lithium (“Li”) at surface) on recently acquired land in Nevada;

  • Reverse Circulation (“RC”) drills to be mobilized in 2-3 weeks;

  • Plans to twin several holes to test for repeated sections of lithium claystone, drill to basement and determine depth to the water table;

  • Optimization of process engineering and pre-concentration work being fast-tracked to enable completion of a Preliminary Economic Assessment (“PEA”) during Q1 2022; and

  • Approval of Plan of Operations (“PO”) for next phase of development anticipated in late 2021.

• Falchani Lithium Project:

  • Plans to mobilize two Company drills for up to 40 drill holes (approx. 8,000 m) of diamond drilling in and around Falchani; also testing the newly discovered lithium-rich anomalies west of Falchani;

  • Infill and extension drilling on the Falchani deposit, mainly focused around Tres Hermanas;

  • Targeting reclassification of the large, inferred category of the current Falchani mineral resource to measured and indicated and expansion of existing resources;

  • Exploration drilling to commence on 2 key target areas 5-6 kilometres (“km”) west of Falchani identified in recent field work, including grab samples¹ of up to 3,272 ppm Li; and

  • Process to update existing PEA on Falchani for cesium and potassium by-products will commence shortly and will also reflect any resource reclassification and resource expansion.

• Macusani Uranium Project:

  • Plan to launch extension and exploration drilling at Macusani later this year utilizing remaining two Company diamond drills;

  • Plan 12,000 m (70 holes) of diamond drilling on high grade, near surface exploration targets, following recent field work where 90 grab samples¹ averaged 18,270 ppm (2.15% U₃O₈);

  • Targeting expansion of current deposits / resources and test newly discovered radiometric anomalies;

  • Process to update existing PEA on Macusani to commence shortly;

  • Updated PEA to focus on economic benefits of gravity pre-concentration, which has successfully doubled grades to 570-623 ppm uranium (“U”); and

  • Potential to significantly increase throughput / life of mine; through the inclusion of additional resources not previously included in existing PEA (2016).

• Corporate:

  • Executive team continues to focus on strong community relations with all required consents and authorizations in place for next phase of development at Falchani and Macusani;

  • All roads and infrastructure are in place and relevant communities are fully engaged;

  • Recent meeting of management with President Castillo of Peru has provided additional impetus for mobilization to occur in Peru later this month;

  • Ongoing engagement with all relevant stakeholders including positioning TLC as large-scale lithium development project with minimal environmental and cultural impacts; and

  • An application for a listing on the NYSE American Exchange has been filed.

Simon Clarke, CEO of American Lithium states, “The Company continues to move its projects through the development cycle as expeditiously as possible and, in the months ahead, expects to achieve numerous milestones in both Nevada and Peru. I would like to thank all our people for their continued hard work and engagement. Integrating companies’ post-merger takes time; however, the process is unfolding well. The positive impact that our new colleagues have brought and their technical expertise in developing unique styles of lithium and uranium mineralization is a great asset going forward. In addition, we are excited at the potential to up list onto the NYSE American, which we believe will provide greater exposure as American Lithium continues to evolve into a leading lithium developer focused on the Americas.”

TLC

With the acquisition of Big Smoky, north and contiguous to TLC, and additional staking to the east and south, the project has grown to a total of approximately 12,975 acres. As numerous other parties continue to stake and acquire land in the immediate vicinity, the Company’s strategy is to protect and build a buffer around its most prospective acreage while adding highly prospective, contiguous acreage where it can.

An RC drill program of up to 15 exploration drill holes (~2,000 m) on the newly acquired ground, where surface sampling¹ yielded results of up to 2,361 ppm Li, is expected to commence in two to three weeks. Up to 10 drill holes are planned on the northern ground and up to 5 holes on the new eastern ground. In addition, the Company plans to twin previously drilled mineralized holes (which form part of the existing resource), taking them deeper to establish the depth to the water table, test for deeper lithium mineralization potential and to provide material for the next phase of metallurgical processing test work.

As reported on August 19, 2021, the PO submitted to, and accepted as complete by, the Bureau of Land Management (“BLM”) to drill up to an additional 110 holes (~15,000 m) and up to five test pits on the original TLC claims area is expected to receive final approval in late 2021.

Metallurgical optimization test work has accelerated and continues to focus on upgrading, using gravity separation techniques, as well as three viable options to process TLC claystones for lithium extraction: warm sulphuric acid leaching; hydrochloric acid leaching and salt roast-water leaching. Work being completed by TECMMINE in Peru as well as Hazen Research and McClelland Laboratories in the US, continues to generate high levels of lithium extraction. Final phases of test work will also include impurity removal and lithium compound precipitation at ANSTO in Sydney, Australia, where similar work was successful in the final optimization of Falchani mineralization.

Finally, the Company has engaged Minviro Ltd, sustainability consultants, to complete a Life Cycle Assessment on the production of battery-grade lithium products at TLC, integrating environmental impact data into the decision-making process as the Company looks to finalize and optimize its flow-sheet design.

All technical and sustainability information will be integrated into a PEA expected to be completed in Q1 2022.

FALCHANI

At Falchani, the Company is planning an in-fill / resource expansion drill program as well as exploration drilling. The in-fill drill program will focus on the immediate Falchani resource area to upgrade the classification of mineral resources to Measured and Indicated categories. Resource expansion is focused on drill testing north and west of the existing Falchani resource area, where the deposit remains open, and immediately southwest of the deposit where the outcropping Tres Hermanas target is a top priority. Tres Hermanas is a series of outcrops of dipping lithium-rich tuff 75-90 m thick and 750 m long with extensive surface trench samples averaging 3,500 ppm Li from 84 samples¹.

The exploration drill program will focus on targets near the community of Quelcaya, 5 to 6 km west of Falchani and will follow up high-grade lithium surface grab sample results¹ of up to 3,272 ppm Li.

Two of the Company’s diamond drill rigs are expected to mobilize later this month, following receipt of final exploration permits, to complete the 40-hole (8,000 m) program. Access agreements and approvals have been received from all relevant communities for the programs, as these communities will be actively involved in the ongoing drilling campaigns.

Plans are being implemented to update the current Falchani PEA to include potential by-products, SOP (sulphate of potash) and Cesium, following initial successful extraction in test work. The updating of the PEA is expected to commence shortly and will also include the planned resource expansion/reclassification drill results.

MACUSANI

The Company is also planning an exploration and resource expansion drill program at the Macusani Uranium project. The resource expansion program will focus on areas between existing uranium deposits of the Kihitian Complex as radiometric prospecting and sampling work suggests that several of the deposits may be linked. Extension drilling to the northeast and southwest of the Colibri II-Tupurumani deposits will be completed, based also on sampling and prospecting results. As announced September 28, 2021, recent mapping and surface sampling generated over 90 grab samples¹ collected immediately at surface with uranium mineralization averaging 18,270 ppm U (2.15% U₃O₈). This program also identified 3 new exploration targets.

Two additional Company owned diamond drill rigs are expected to mobilize later in the year to start the 70 hole (12,000 m) Macusani project drill program, on receipt of final permits. As at Falchani, access agreements and approvals for this program have already been received from the relevant communities and these communities will be actively involved.

The Company plans to begin updating the Macusani Uranium PEA to include the recent successes in pre-concentrating uranium mineralization into the fine fraction. Test work from three different uranium deposits has shown that 73-82% of the uranium is retained in 31-35% of the original mass, effectively increasing the grade 2.3 times using simple scrubbing and screening in a short, 20-minute cycle. In summary, original mineralization head grades of 245-273 ppm U were upgraded to 570-623 ppm U.

The original Macusani PEA considered only 56% of the total mineral resources in the study². Gravimetric upgrading highlights the opportunity to include additional uranium resources, not previously considered, into the updated PEA offering the potential to vastly increase the potential life of mine production. Higher feed grades also have implications for potential capital and operating cost savings due to smaller throughput requiring a much smaller back-end plant footprint and less energy and reagent use per feed tonne. The updated PEA will also consider using tank leach processing versus the original heap leach option to increase uranium recoveries and add scalability to any potential operation.

Notes
¹ Grab samples are selective, and the selected nature of such sampling does not necessarily reflect potential uranium contents expected from future drill testing, but they do indicate the presence of uranium mineralization and mineralizing systems in the surface rocks collected.

²"Macusani Project, Macusani, Peru, NI 43-101 Report – Preliminary Economic Assessment” prepared by Mr. Michael Short and Dr. Thomas Apelt, of GBM Minerals Engineering Consultants Limited; Mr. David Young, of The Mineral Corporation; and Mr. Mark Mounde, of Wardell Armstrong International Limited dated January 12, 2016.

Qualified Person
Mr. Ted O’Connor, P.Geo., a Director of American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

NYSE American Listing
Readers are cautioned that while the Company is pursuing a listing on NYSE American at this time, there can be no guarantee that a listing will be completed. Completion of any listing remains subject to applicable regulatory approvals and the satisfaction of listing requirements. In the event a listing is completed, it is anticipated that the common shares of the Company would continue to trade on the TSX Venture Exchange.

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

The TSX Venture 50 is a ranking of the top performers in each of 5 industry sectors in the TSX Venture Exchange over the last year.

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

Follow us on Facebook, Twitter and LinkedIn.

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

“Simon Clarke”

CEO & Director

Tel: 604 428 6128

For further information, please contact:

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

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, completion of an updated PEA, including the timing thereof, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on June 25, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to the 32 of the concessions invalid due to late receipt of the annual validity payment. Macusani successfully applied for injunctive relief on 32 concessions in a Court in Lima, Peru, and the grant of the Precautionary Measures (Medida Cautelar) has restored the title, rights and validity of those 32 concessions to Macusani until a final decision is obtained in at the last stage of the judicial process. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of Processes, Macusani’s title to the concessions could be revoked.

TORONTO, ON / ACCESSWIRE / October 5, 2021 / Cadillac Ventures Inc. ("Cadillac" or the "Company") (TSXV:CDC) announces that, after close of market on October 4, the Company received a failure-to-file cease trade order ("FFCTO"). The cease trade order was issued by the Ontario Securities Commission ("OSC"), the Company's principal regular, as a result of Cadillac's delay in filing the following annual disclosure requirement:

• Audited Annual Financial Statements for the year ended May 31, 2021;

• Management's Discussion and Analysis ("MD&A") relating to the Audited Annual Financial Statements for the year ended May 31, 2021; and

• Certification of the foregoing filings as required by National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings.

The FFCTO, among other things:

• Prohibits any person or company from trading, directly or indirectly, in any security of the Company in the Province of Ontario, and in every other province or territory of Canada in which Cadillac is a reporting issuer under the terms defined in the Legislation, National Instrument 14-101 Definitions and National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions have the same meaning if used in this order, unless otherwise defined.

• Despite this order, a beneficial security holder of the Issuer who is not, and was not at the date of this order, an insider or control person of the Issuer, may sell securities of the Issuer acquired before the date of this order if both of the following apply:
  (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and
  (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

The delay in filing of the financial statements and MD&A is due to complications resulting from the Cadillac's recent amalgamation with KFG Resources Ltd. and due to the negative impact of the coronavirus pandemic. This resulted in an inability to travel to the U.S. to assist in the timely completion of the audit process for new U.S. based subsidiaries. The recent acquisition of KFG resources also resulted in a requirement for an independent third-party valuation of a subsidiary, KFG Petroleum, which is ongoing but not yet complete. Cadillac anticipates this new valuation to be completed shortly and that filing of the company's financial statements will occur in a timely period.

While management does not consider this delay to constitute a material change or material information, management does recognize these financials will be the first Cadillac financials reflecting the positive income effect of Cadillac's acquisition of KFG Resources Inc. on May 3, 2021.

Once the 2021 annual filings are filed, the cease trade order will be revoked.

Cautionary statement regarding forward-looking statements

This press release contains 'forward-looking statements' within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "assumes", "potential" and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements and expectations. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while based on Cadillac's respective expectations and considered reasonable at the time they were made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including those described in Cadillac's respective public disclosure documents on SEDAR at www.sedar.com. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this release. Unless required by law, Cadillac does not intend to, or assume any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, please visit Cadillac's website www.cadillacventures.com, or contact Norman Brewster, President and Chief Executive Officer, at 905-837-2000.

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

SOURCE: Cadillac Ventures Inc.

View source version on accesswire.com:
https://www.accesswire.com/666855/Cadillac-Ventures-Inc-Announces-Delay-in-Filing-Financial-Statements-and-MDA

VANCOUVER, BC, Oct. 5, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Cadillac Ventures Inc.

TSX-Venture Symbol: CDC

All Issues: No

Reason: Cease Trade Order

Halt Time (ET): 7:45 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/October2021/05/c1946.html

ST. JOHN’S, Newfoundland and Labrador, October 05, 2021–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") is pleased to update its Project Generation ("PG") business activities and its public junior equities portfolio. The market value of equities at September 30, 2021 was approximately $51.2 million, non-inclusive of $9.1 million in equity sales net of new investments. This compares to a market value of equities of $64.5 million at June 30, 2021.

10,089,199 common shares of Chesterfield Resources (CHF:LSE) were received during the quarter as payment for the Corporation’s sale of its Adeline copper project in Labrador, the value of which is included in the total above. An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities.

Portfolio and Project Highlights

Adventus Mining Corporation (ADZN:TSXV) ("Adventus") continued to advance the ongoing feasibility study of its copper and gold rich El Domo deposit located within the Curipamba project, which is anticipated to be completed in the fourth quarter of 2021, and is continuing to advance detailed planning for the final engineering design and commencement of mine construction beginning in 2022. Adventus also reported drilling results from a new discovery of volcanogenic massive sulphide (VMS) mineralization at Agua Santa, located approximately 4.5 kms southwest of the El Domo deposit, that included 6.34 metres of 1.77% copper, 1.46 grams per tonne (g/t) gold, 7.45% zinc, 23.2 g/t silver and 0.24% lead – Press Release. Altius holds a 2% net smelter return royalty covering the Curipamba project.

Orogen Royalties Inc. (OGN:TSV-V) ("Orogen") announced plans to spin out the Bell Creek copper project in BC and completed several project joint ventures. AngloGold Ashanti also provided an update during the quarter relating to the Silicon gold project in Nevada, over which Orogen and Altius hold 1% and 1.5% NSR royalties. In its announcement (Press Release) it noted the potential for "significant oxide ore bodies at Silicon and Merlin, as well as additional sulphide potential at Silicon at depth", and that it will publish a Mineral Resource at Silicon for the year ending 31 December 2021.

Abrasilver Resource Corp. (ABRA:TSX-V) ("Abra") recently reported a significant increase in a mineral resource estimate for its Diablillos project along with plans to complete an updated PEA study in the fourth quarter – Press Release. In addition, Abra also announced that joint venture operator Rio Tinto Mining and Exploration Limited commenced drilling at the Arcas copper-gold project located in Chile – Press Release. Altius originated the Arcas project and retains a 0.98% gross sales royalty covering the property.

Surge Copper Corp. (SURG:TSX-V) ("Surge") reported new drill results from its Ootsa Cu-Au porphyry project in British Columbia including an intersection of 194 metres of 0.24% Cu, 0.19 g/t Au, 0.036% Mo and 2.3 g/t Ag- Press Release. The Company anticipates continued drilling at Ootsa through the remainder of the year.

Recent drill results and plans for additional drilling were reported during the quarter by the operators of projects the Company has sold or optioned within Newfoundland and Labrador including:

– Sterling Metals Corp. (SAG:TSX.V) reported initial drilling results from the Sail Pond silver rich polymetallic project and announced an expanded drilling program.

– Canstar Resources Inc. (ROX:TSX-V) reported initial strong gold intercepts from its Golden Baie project from an ongoing drilling program.

– Canterra Minerals Corporation (CTM:TSX-V) announced the commencement of a 5000 meter drilling program at the Wilding Lake project that is targeting the extensions of gold rich surface mineralization.

– TRU Precious Metals Corp. (TRU:TSX-V) announced the commencement of a 5000 meter drilling program at the Golden Rose project.

– Churchill Resources (CRI:TSX-V) announced a planned drilling program at the Taylor Brook nickel project that is expected to commence shortly.

Qualified Person

Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed, prepared and approved this release.

About Altius

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20211005005809/en/

Contacts

Chad Wells
Email: Cwells@altiusminerals.com
Tel: 1.877.576.2209

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

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don't always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding The Mosaic Company (NYSE:MOS).

The Mosaic Company (NYSE:MOS) shareholders have witnessed an increase in activity from the world's largest hedge funds in recent months. The Mosaic Company (NYSE:MOS) was in 43 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic was previously 39. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. There were 38 hedge funds in our database with MOS positions at the end of the first quarter. Our calculations also showed that MOS isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

In the 21st century investor’s toolkit there are tons of indicators shareholders put to use to value stocks. Some of the most underrated indicators are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best investment managers can outclass the S&P 500 by a healthy margin (see the details here). Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website .

Kerr Neilson of Platinum Asset Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, artificial intelligence is one of the fastest-growing industries right now, so we are checking out stock pitches like this emerging AI stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now we're going to check out the fresh hedge fund action encompassing The Mosaic Company (NYSE:MOS).

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

At second quarter's end, a total of 43 of the hedge funds tracked by Insider Monkey were long this stock, a change of 13% from the first quarter of 2020. Below, you can check out the change in hedge fund sentiment towards MOS over the last 24 quarters. With the smart money's sentiment swirling, there exists a select group of notable hedge fund managers who were adding to their stakes meaningfully (or already accumulated large positions).

Among these funds, Platinum Asset Management held the most valuable stake in The Mosaic Company (NYSE:MOS), which was worth $110.3 million at the end of the second quarter. On the second spot was Slate Path Capital which amassed $105.6 million worth of shares. Adage Capital Management, Appaloosa Management LP, and AQR Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Brightline Capital allocated the biggest weight to The Mosaic Company (NYSE:MOS), around 8.81% of its 13F portfolio. Slate Path Capital is also relatively very bullish on the stock, setting aside 5.9 percent of its 13F equity portfolio to MOS.

As one would reasonably expect, some big names have been driving this bullishness. Point72 Asset Management, managed by Steve Cohen, initiated the most outsized call position in The Mosaic Company (NYSE:MOS). Point72 Asset Management had $25.5 million invested in the company at the end of the quarter. David Brown's Hawk Ridge Management also made a $25 million investment in the stock during the quarter. The following funds were also among the new MOS investors: Simon Sadler's Segantii Capital, Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors, and Steve Cohen's Point72 Asset Management.

Let's check out hedge fund activity in other stocks similar to The Mosaic Company (NYSE:MOS). These stocks are Companhia Siderurgica Nacional (NYSE:SID), Snap-on Incorporated (NYSE:SNA), McAfee Corp. (NASDAQ:MCFE), Host Hotels and Resorts Inc (NASDAQ:HST), Williams-Sonoma, Inc. (NYSE:WSM), Weibo Corp (NASDAQ:WB), and Lincoln National Corporation (NYSE:LNC). This group of stocks' market values resemble MOS's market value.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position SID,12,71048,2 SNA,31,499550,13 MCFE,18,125600,1 HST,24,346526,-1 WSM,34,803274,5 WB,14,128195,2 LNC,30,678736,-6 Average,23.3,378990,2.3 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 23.3 hedge funds with bullish positions and the average amount invested in these stocks was $379 million. That figure was $809 million in MOS's case. Williams-Sonoma, Inc. (NYSE:WSM) is the most popular stock in this table. On the other hand Companhia Siderurgica Nacional (NYSE:SID) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks The Mosaic Company (NYSE:MOS) is more popular among hedge funds. Our overall hedge fund sentiment score for MOS is 90. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks returned 22.9% in 2021 through October 1st but still managed to beat the market by 5.6 percentage points. Hedge funds were also right about betting on MOS as the stock returned 18.7% since the end of June (through 10/1) and outperformed the market by an even larger margin. Hedge funds were clearly right about piling into this stock relative to other stocks with similar market capitalizations.

Get real-time email alerts: Follow Mosaic Co (NYSE:MOS)

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

CHICAGO, October 05, 2021–(BUSINESS WIRE)–Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that it will report its third quarter 2021 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, October 27, 2021. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, October 28, 2021.

Hosting the call will be Mitchell J. Krebs, President and Chief Executive Officer of Coeur, who will be joined by Thomas S. Whelan, Senior Vice President and Chief Financial Officer, Michael "Mick" Routledge, Senior Vice President and Chief Operating Officer, and other members of management. A replay of the call will be available through November 4, 2021.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, the Company has interests in several precious metals exploration projects throughout North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211005005948/en/

Contacts

Coeur Mining, Inc.
104 S. Michigan Avenue, Suite 900
Chicago, Illinois 60603
Attention: Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com

Vancouver, British Columbia–(Newsfile Corp. – October 5, 2021) – IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) ("IMPACT" or the "Company") is pleased to announce high grade silver results from an underground development drilling program in the Lipton area of its Guadalupe Mine in the Royal Mines of Zacualpan District, Mexico.

Guadalupe Mine Underground Drilling – Lipton Vein Area

Holes MPZ-UG-001-21 to MPZ-UG-020-21 tested the northwest trending Lipton, Liptonia and San Lorenzo veins from three underground drill stations on Level 110 of the Guadalupe Mine's extensive workings. The drill holes covered the vein systems over a strike length of 430m and a vertical distance of 200m.

Table 1: Highlights of recent drilling in Lipton area of the Guadalupe Mine

 

The Lipton and Liptonia Veins have been significant production veins in the Guadalupe Mine since at least the 1970's, long before IMPACT acquired the project in 2006. Before then historical records describe mining at Guadalupe going back almost 500 years to 1529. Lipton / Liptonia has been mined and traced over a strike length of 1.5 kilometres, to a depth of over 200m, and remain open for extension. IMPACT continues mining at Guadalupe which currently provides almost 50% of mill feed to the 550 tpd Guadalupe processing plant located just 40m from the mine entrance.

Fred Davidson, CEO and President of IMPACT comments, "The high grade results at our current producing Guadalupe mine is a testament of our geological team's understanding of mineralization and potential of the area.

With 20,000 meters of drilling underway in 2021 and newly added underground diamond drill to our internal fleet, our team is aggressively expanding our understanding of the veins mineralization and beyond to add both ounces and blue sky potential to the IMPACT story."

The recently purchased underground diamond drill (see IMPACT news release dated February 1, 2021) has allowed faster drill production with improved core recovery and greater depth capacity giving IMPACT a much improved ability to test the potential of Guadalupe's multiple vein systems as well as mineralization at its other mines. Recent improvements to the Guadalupe Mine's infrastructure including the upgrading of the main shaft hoist has given better access to the mine's six levels and the refurbishing of the 900m underground railroad system on Level 195 provides cost efficient access to the far western reaches of the extensive workings.

Qualified Person and NI 43-101 Disclosure

Wojtek Jakubowski, P.Geo. is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.

About IMPACT Silver

IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10 million ounces of silver, generating revenues of over $200 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details). Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high grade silver-gold zones and has placed multiple zones into commercial production.

Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver

On behalf of IMPACT Silver Corp.

"Frederick W. Davidson"
President & CEO

For more information, please contact:

Jerry Huang
CFO | Investor Relations
(604) 664 7707 or inquiries@impactsilver.com
(778) 887 6489 Direct

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 and Cautionary Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.

Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.

The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.

303-543 Granville Street Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98509

VIRGINIA CITY, Nev., Oct. 05, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” or the “Company”) announced today that its Executive Chairman and CEO, Corrado De Gasperis, is presenting at the LD Micro Main Event in Los Angeles on Wednesday, October 13, 2021, at 12:00 p.m. PDT.

“We are very much looking forward to the first live conference in almost two years. Our recent acquisitions have transformed our portfolio to meet the escalating demand for increasingly scarce natural resources, including the strategic resources needed to fuel the worldwide surge in, and transition to, clean energy and carbon-neutrality,” said Corrado De Gasperis, Comstock’s Executive Chairman and Chief Executive Officer. “We have eliminated our debt, tripled our assets and positioned a ready portfolio of clean technologies, and a highly experienced, expanded management team with the capacity for exponential growth and extraordinary financial, natural, and social impacts.”

Presentation details:

Date: Wednesday, October 13, 2021

Time: 12:00 p.m. PDT to 12:30 p.m. PDT

Register to watch the virtual presentation here.

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

About LD Micro (NASDAQ: SRAX)

LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events on an annual basis, LD's sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. http://www.ldmicro.com

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so.

Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Figure 1:

1800 level 980-1450 Stoping Block

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

VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN, OTCQF: AUNFF) is pleased to provide an update on development progress for the 1800 level stopes and mill operations.

The mill construction is complete and final commissioning of the mill is ongoing. Development ore was stockpiled for processing during the commission period with final commissioning to coincide with stope ore. Mill throughput has been tested as high as 13 tons per hour (tph) 312 tons per day (tpd) without any major issues arising. The targeted mill throughput is 270 tph. Both lead and zinc concentrates are being produced and it is anticipated that the first shipment will occur during the week of October 4^th. Although early in the start-up process, metallurgical performance of the mill and flotation circuits appear to be as forecast in the Feasibility Study.

Lateral development on the 1800 level is progressing well; the first stope ore came online from the 1800 level on September 25^th. Geological sampling of development headings shows an average weighted silver equivalent grade of 39 ounces per short ton, with grades as high as 196 ounces per short ton (AgEq/ton) compared to the modeled grades in the same area of approximately 27 AgEq/ton.

The first stope will be brought into the production sequence in phases, based on the timeline indicated in Figure 1.

Figure 1 accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/5581892c-832f-407a-b034-d518cc6653c8

__________________
¹ By-product credit metal pricing is the same as Silver equivalent pricing

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101.

ABOUT AURCANA CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

“Kevin Drover”
President & CEO

For further information, visit the website at www.aurcana.com or contact:

Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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.

Excellon Resources (NYSE: EXN) today announced results from underground drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported further high-grade results from the 623, NE-1S, and Guadalupe South mantos, with diamond drilling results from underground.

“Drilling at Platosa continues to define high-grade mineralization ahead of production,” said SVP of Geology and Corporate Development Ben Pullinger. “With EX21UG690, we have potentially discovered a new zone of very high-grade mineralization sitting below the historically mined upper part of the 623 Manto. This mineralization is located approximately 80 metres above the deepest current development heading and appears to have a vertical attitude that was not tested in historical drilling. Follow-up drilling to test this zone is an immediate priority of the ongoing drill campaign.”

To view the full press release, visit https://ibn.fm/AqM6K

About Excellon Resources Inc.

Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. Additional details on Excellon’s properties are available at www.ExcellonResources.com.

NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN

About MiningNewsWire

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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TORONTO, Oct. 5, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the "Company") is pleased to announce results from underground drilling at the Platosa Mine in Durango, Mexico.

Highlights

• Further high-grade results from the 623, NE-1S, and Guadalupe South mantos, with diamond drilling results from underground including:

• Underground drilling continues to define and delineate mineralization for 2021 and 2022 production; and

• Potential new zone of high-grade mineralization discovered in EX21UG690 below historically mined zone in Guadalupe South, with upcoming drilling to test vertical attitude and extent.

"Drilling at Platosa continues to define high-grade mineralization ahead of production," stated Ben Pullinger, Senior Vice President Geology & Corporate Development. "With EX21UG690, we have potentially discovered a new zone of very high-grade mineralization sitting below the historically mined upper part of the 623 Manto. This mineralization is located approximately 80 metres above the deepest current development heading and appears to have a vertical attitude that was not tested in historical drilling. Follow-up drilling to test this zone is an immediate priority of the ongoing drill campaign."

Exploration Results

The following table shows highlighted intervals from the current definition and infill program being conducted from underground at Platosa:

Drilling from underground continues to define and expand known mineralization ahead of production at the 623 and NE-1S mantos. Drilling at Platosa will continue to target areas ahead of production and test the extent of mineralization around mine workings.

EX21UG690 is particularly noteworthy, as high-grade mineralization was intersected approximately 10 metres below historically mined mineralization at the top of the 623 Manto, approximately 80 metres above the deepest current heading at Platosa. This mineralization appears to have a sub-vertical bearing that is different from the predominantly horizontal bearing of mineralization at Platosa. Follow-up drilling to test this zone is an immediate priority of the ongoing drill campaign, with preparation underway for a more optimal drilling location.

Technical Information and Quality Control Notes

The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

Platosa drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico. The lab is accredited to ISO/IEC 17025. Assay turnarounds have been impacted recently by supply and labour shortages related to COVID-19. The Company has a comprehensive QA/QC program, supervised by an independent Qualified Person.

The sampling of, and assay data from, the core sampling and reporting is monitored through a quality assurance and quality control (QAQC) program designed according to best industry practice. Samples from HQ sized drill core are selected by Excellon geologists and cut into halves at the project site. Half of the core is retained at the site for reference purposes. Sample intervals vary from 0.3 to 1.5 metres in length with samples being selected to honour geological contacts. Samples are labeled and packed into sealed plastic bags which are grouped into larger fiber bags for shipping. A formal chain-of-custody procedure is in place for security of samples from project to laboratory.

Samples are shipped to SGS Laboratories in Durango City. Samples then undergo crushing to two millimetres followed by pulverizing to homogenize samples before a 50-gram sub sample is selected for analysis. The samples are then analyzed using fire assay for gold and silver with a gravimetric finish and multi-element analysis performed by ICP analysis for base metals and multi-element data.

Qualified Person

Mr. Ben Pullinger, P.Geo., Senior Vice President Geology & Corporate Development, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information contained in this press release.

About Excellon

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders. The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico's highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality advanced exploration gold project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company also aims to continue capitalizing on current market conditions by acquiring undervalued projects.

Additional details on Excellon's properties are available at www.excellonresources.com.

Forward-Looking Statements

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding mineral resources estimates, the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

Cautionary Note to U.S. Investors: The terms "mineral resource," "measured mineral resource," "indicated mineral resource" and "inferred mineral resource," as used on Excellon's website and in its press releases are Canadian mining terms that are defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). These Canadian terms are not defined terms under United States Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC by U.S. registered companies. The SEC permits U.S. companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Accordingly, note that information describing the Company's "mineral resources" is not directly comparable to information made public by U.S. companies subject to reporting requirements under U.S. securities laws. U.S. investors are urged to consider closely the disclosure in the Company's Form 40-F which may be secured from the Company, or online at http://www.sec.gov/edgar.shtml.

SOURCE Excellon Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/05/c6356.html

CRANBROOK, BC/ ACCESSWIRE / October 5, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) ("Eagle Plains") has received analytical results from the 12-hole, 1152m (3,779') drill program completed in June/July on EPL's 100%-owned Donna property located 15km east of Cherryville, BC (the "Property"). The 2021 program was a continuation of work which was suspended in early October, 2020 due to early onset of winter conditions, and tested for gold and silver mineralization associated with a prominent gold-in-soil geochemical anomaly delineated at the Gossan Zone and the first-ever drilling in the area of the historical Morgan Mine workings.

The 11,329 ha Property is road-accessible and is transected by a high-voltage powerline. The claims overlie rocks of the prolific Quesnellia Terrane, host to many major B.C. porphyry deposits such as Highland Valley, Gibraltar, Mount Polley, Mount Milligan, Copper Mountain and others. Despite the rich endowment of mineralization in these rocks, the Donna area has seen relatively little exploration activity by industry or government. Placer gold claims overlie many of the creeks draining the Donna Property. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Donna property

See Donna Regional Projects Map here

2021 Drill Results

Eagle Plains completed 12 holes for 1152m (3,779') of diamond drilling with two holes at the Gossan Zone and 10 holes at the Morgan Zone. Exploration activity was carried out by TerraLogic Exploration Services Inc. of Cranbrook, BC.

Analytical results ranged from trace values to higher-grade intercepts, as summarized below.

Select Drill Results Table:

* All drill indicated intercepts as reported in this news release are measured along core length and true thickness is yet to be determined.

See Donna Regional Projects Map here

Drill holes DO19-001 and DO21-002 tested a large soil geochemical anomaly at the Gossan Zone which was defined by past programs carried out by Eagle Plains. DO19-001 was the deepening of a 2019 drillhole and returned 9.4 g/t Au over 1.5m from sheared quartz-calcite veins along the contact between an upper limestone unit and a diorite intrusive. The purpose of the hole was to intersect the lower contact of the diorite-porphyry intrusion. The hole ended in a metavolcanic unit and did not intersect the limestone.

DO21-002 was drilled from the same Pad as D09-001, and targeted the hangingwall and footwall contacts of the diorite stock, with surface soil geochemical results of up to 5.3 g/t Au. The best result of 4.46 g/t Au over 0.77m came from a zone of quartz veining stockwork with minor pyrite hosted in diorite.

Drillholes DO21003 – DO21012 were the first drill holes completed at the historic past producing Morgan Mine area. All of the holes intersected a mix of limestone and metavolcanics cut by diorite dykes and local quartz-calcite shears and veins with calc-silicate and lesser chlorite alteration.

2021 Field Program Results

Surface work on the Donna Property in 2021 followed up on targets generated by an extensive data compilation and reinterpretation which incorporated both historic geological and geophysical results and new 2020-2021 airborne radiometric and magnetic survey data. Field assessment of selected target zones included soil and silt-stream geochemical surveys, geophysical guided prospecting, and known historical property viewings. A total of 1219 soil sample, 84 silt sample and 92 rock sample assay results were collected from the Gossan, Morgan, St. Paul, Yeoward, Donna, Irene, and Railroad zones. Highlight sample results include: 510 ppb Au (soil), 930 ppb Au (silt), and 21.1 g/t Au (rock grab). Results from the surface program, in tandem with the data compilation and recent geophysical data results, will be used to prioritize additional field work and follow-up drill targets for subsequent exploration programs.

Precision GeoSurveys Inc. of Langley, BC recently completed a helicopter-borne combined high resolution airborne magnetic, VLF-EM and radiometric geophysical survey at the Donna. A total of 678 line-km of surveying were completed in two separate grids. The results will be released after final compilation and interpretation is completed.

Donna Project Summary

See Donna Project Summary Map here

The core claims of the Donna property were acquired in 2016 by Eagle Plains with additional tenures subsequently added through staking. Certain claims comprising the property are subject to an underlying 2% royalty held by an arms-length third party. The project area is located in the Monashee Mountains within the source headwaters of the historic Kettle River and Yeoward Creek placer gold camps. The claims lie within one of the largest clusters of anomalous values in gold and typical associated pathfinder elements identified in the British Columbia Regional Geochemical Surveys stream-sediment program carried out in the joint Federal – Provincial programs from 1985-1990.

The Donna property is underlain by a sequence of marine sediments comprising carbonaceous black argillite, limestone, and volcanic rocks of Permian to Lower Triassic age. Locally these rocks were intruded by stocks and plugs of mafic-intermediate composition. The project area is considered to hold good potential to host intrusive-related gold mineralization.

Since acquiring the property, Eagle Plains has carried out annual systematic exploration including a 470 line-km geophysical survey in 2017 which followed a comprehensive compilation of all historical work. The property boasts a robust GIS database consisting of rock, soil, silt, till, trench and drill-hole results within and adjacent the property area. In July, 2020, EPL completed the purchase of historical crown grants covering workings documented at the St. Paul and Morgan mines (BCMINFILE 082LSE010), which include shafts, tunnels, winzes and an unknown number of open cuts and trenches, as well as a tramline and stamp mill that operated in the early 1900's. Recorded production from the St. Paul and Morgan deposits for the period 1914-1961 total 392 tonnes containing 5,630 grams of gold, 112,406 grams of silver, 3,720 kilograms of lead and 1,258 kilograms of zinc. Various geological reports and government publications report underground sampling returning values ranging from trace quantities to highs of up to 93.9 g/t (2.74 oz/t) gold and 60.3 g/t (1.76 oz/t) silver over a 0.6m sample width. All historical mine workings are currently inaccessible. The previous results were taken directly from the BCMINFILE descriptions and assessment reports filed with the BCEMPR. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work at the Donna property.

QA/QC

Geological and geotechnical logging and core sampling were completed on the property in a temporary core facility near the past producing Morgan Mine. Assay intervals were based on visual identification of mineralization, presence and density of quartz veins and lithological boundaries. Terralogic Exploration geologists maintained chain of custody and sampling procedures reported in this news release according to best industry practice and with due attention to quality assurance and quality control, including sampling field duplicates and insertion of certified standard and blank samples.

Samples were sent for geochemical analysis with ALS Global, Vancouver for the following analyses: 48 element four-acid ICP-MS (ME-MS61) and gold (Au) 30 g Fire Assay – AA finish (Au-AA23). Samples that returned over 1ppm Au by Au-AA23 were re-analysed using gold (Au) 30g Fire Assay – Gravimetric finish (Au-GRA21).

On receipt of final certificates of analysis, the QA/QC sample results were reviewed to ensure the order of samples were reported correctly, that the blanks ran clean, and that the results for each standard had minimal variance from its certified value. QA/QC for the Donna Drilling Program included certified reference material ("CRM's") and blanks that were inserted into each sample batch in order to verify the analytical from the lab. The CRM's from all holes reported passed within 3 standard deviations and the blanks returned acceptable values. All of the lab internal standards and duplicates were within acceptable values.

Qualified Persons

The drilling and field program at the Donna was supervised by Jarrod Brown, P.Geo. of TerraLogic. Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and a Director of Eagle Plains Resources Ltd., has prepared, reviewed, and approved the scientific and technical disclosure in this news release.

Update on Kalum Drill Program

Work has been suspended on EPL's Kalum project, currently under option to Rex Resources (see EPL news release July 15, 2021). Work was halted due to equipment failures and the inability to source new equipment, parts and personnel at this time. None of the planned holes were completed to target depths and no samples were sent for analysis. Rex holds the exclusive right to earn a 60-per-cent interest in the property by completing exploration expenditures of $3-million, making cash payments of $500,000 and issuing one million common shares to Eagle Plains over a four-year period. The partners have recently agreed to extend the next cash and share payment deadline from December 31st, 2021 to March 31st, 2022.

About Eagle Plains Resources

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

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

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

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

Cautionary Note Regarding Forward-Looking Statements

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

SOURCE: Eagle Plains Resources Ltd.

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TORONTO, October 05, 2021–(BUSINESS WIRE)–Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to announce that it has closed the previously announced transaction (the "Transaction") to sell its Bend and Reef properties in Wisconsin to Green Light Metals Inc. ("GL"). All dollar amounts are reported in Canadian dollars.

Total consideration of $7,000,000 payable to Aquila consists of:

• Upfront cash consideration of $2.1 million, of which $1 million was advanced as a deposit upon the execution of the letter of intent with respect to the Transaction in June 2021 and the remaining $1.1 million was paid at closing; and

• A non-interest bearing promissory note ("Promissory Note") of GL in the principal amount of $4.9 million. The Promissory Note shall become due and payable by GL on the earlier of: (i) December 31, 2022 (the "Maturity Date"); or (ii) immediately prior to the completion of an initial public offering or other transaction that results in the shares of GL (or of a successor entity) being listed on a stock exchange as freely tradeable securities (a "Go-Public Transaction").

If the Promissory Note becomes due and payable on a Go-Public Transaction, then the Promissory Note shall be satisfied by way of:

• $900,000 in cash; and

• The issuance of that number of GL shares equal to $4 million divided by the price per share at which GL shares are issued in the Go-Public Transaction financing.

If GL does not complete a Go-Public Transaction prior to the Maturity Date, then the Promissory Note shall be satisfied by way of the issuance of that number of GL shares equal to $4.9 million divided by the price per share at which GL issued shares in its most recently completed financing prior to the Maturity Date.

In connection with the Transaction, GL and Aquila also entered into an investor rights agreement pursuant to which, among other things, Aquila received the right to participate in future equity financings completed by GL as well as nomination rights in respect of one member of GL’s board of directors, in each case subject to Aquila continuing to maintain a specified ongoing ownership interest in GL.

Barry Hildred, Aquila’s Executive Chair, is an investor in GL and Chair of the GL board of directors. As such, Mr. Hildred did not participate in the Transaction on behalf of Aquila and recused himself from voting on the Transaction as a member of Aquila’s board of directors.

ABOUT AQUILA

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development-stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is advancing pre-construction activities for its flagship 100%‐owned gold and zinc-rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" 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". Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: risks with respect to the COVID-19 pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211005006095/en/

Contacts

Guy Le Bel, President & CEO
Tel: 450.582.6789
glebel@aquilaresources.com

David Carew, VP Corporate Development & Investor Relations
Tel: 647.943.5677
dcarew@aquilaresources.com

“The outperformance of high-quality growth companies this quarter therefore indicates that investors’ risk appetite was simply not there to reward the constituents of the St. Louis index, driving them to underperform as a group and causing the index to lag year-to-date,” said Ithiel Turrado, small cap portfolio analyst at Argent Capital Management.