Albertsons was downgraded by BMO analysts to underperform with a raised price target to $26 a share.

TORONTO, Oct. 5, 2021 /CNW/ – First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the "Company") is pleased to announce that it has awarded a contract to industry expert Metso Outotec for the design and manufacturing of solvent extraction cells as well as technical support for the layout of a new solvent extraction plant and its process control. Metso Outotec is recognized as a world leader in sustainable solutions for mineral processing and metal refining.

HIGHLIGHTS

• The solvent extraction contract is the largest and most important equipment package now under contract

• Metso Outotec is an industry leader, having provided similar equipment to other operational cobalt sulfate refineries, thereby lowering the execution risk for the Company's strategy of producing battery-grade cobalt sulfate

• Commissioning of Phase 1 of First Cobalt's low-carbon hydrometallurgical refining strategy is scheduled for Q4'2022, targeting annual production of 25,000 tonnes of cobalt sulfate annually

• Once operational, First Cobalt's refinery will be the only producer of battery-grade cobalt for the North American electric vehicle market, capable of supplying over 1 million vehicles per annum, responding to strong demand in the accelerating EV revolution

• First Cobalt maintains a strong cash position, following completion of its project financing in September

The Company received several tenders from global vendors and Metso Outotec was selected based on competitive pricing and its technically superior bid. The contracted solution involves the latest advancements in solvent extraction in terms of modular design, process control and ease of installation and start up. The installation time of the modular mixer-settlers is evidenced to be 30% less than the conventional solvent extraction mixer-settlers used at other projects. In addition to the reduction in site install time, the footprint needed for the selected plant equipment is less than conventional solvent extraction equipment.

Image 1 – 3D rendering of First Cobalt's new solvent extraction plant

"We are happy to be moving forward with Metso Outotec, an industry-leading business partner. Their expertise and ability to deliver quality projects significantly de-risks our own. We move one step closer to becoming North America's only provider of cobalt sulfate and we do not intend to stop there", explains Trent Mell, President & CEO. "Plans for our Canadian Battery Materials Park also include battery recycling, nickel sulfate production and a partnership with a battery precursor manufacturer."

Phase 1 deployment of First Cobalt's 3-phase approach to market entry, slated for Q4'2022, will focus on processing cobalt hydroxide to produce a high-quality, sustainable and traceable battery-grade cobalt sulfate. In January 2021, the Company secured long-term cobalt hydroxide feed arrangements with Glencore AG and IXM SA, a subsidiary of CMOC, to provide a total of 4,500 tonnes of contained cobalt per year to the First Cobalt Refinery commencing in Q4'2022. In March 2021, the Company further de-risked the project by signing a flexible, long-term, offtake agreement with Stratton Metal Resources Limited for the sale of future cobalt sulfate production, with quantities determined by First Cobalt (subject to a minimum). Negotiations with automakers and battery suppliers are ongoing, with a growing interest in sourcing battery material from North America. Once operational, First Cobalt's Refinery will be North America's only producer of cobalt sulfate for the electric vehicle market.

Image 2 – Rendering of Phase 1 of First Cobalt's refinery in Canada at time of
commissioning in Q4'2022

About Metso Outotec

Metso Outotec was created through the combination of Metso Minerals and Outotec on June 30, 2020. We are a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We ranked 8th on the 2021 Global 100 list of the world's most sustainable companies.

About First Cobalt

First Cobalt's mission is to be the most sustainable producer of battery materials. The Company owns a permitted North American hydrometallurgical refinery, a critical asset in the development and manufacturing of batteries for electric vehicles. First Cobalt owns the Iron Creek cobalt-copper project in Idaho, USA as well as several significant cobalt and silver properties in the Canadian Cobalt Camp.

On behalf of First Cobalt Corp.

Trent Mell
President & Chief Executive Officer

For more information visit www.firstcobalt.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE First Cobalt Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/05/c2849.html

/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES./

KELOWNA, BC, Oct. 5, 2021 /CNW/ – Cantex Mine Development Corp. (TSXV: CD) (the "Company") announces that it will undertake a non-brokered private placement to raise gross proceeds of up to $4,000,000 (the "Offering").

The Offering will consist of flow through units priced at $0.50 per unit, with each unit comprised of one flow through share and one-half warrant. Each whole warrant entitles the holder to acquire a non-flow through share at a price of $0.65 for a term of two years.

The Company may pay finder's fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange. Proceeds from the Offering will be used to fund upcoming drill programs on the Company's North Rackla project in the Yukon.

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

The securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue of the units. The Offering remains subject to the acceptance of the TSX Venture Exchange.

Signed,

Charles Fipke

Charles Fipke
Chairman

FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information", including statements regarding the expected use of proceeds of the private placement. Further, any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

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.

SOURCE Cantex Mine Development Corp.

View original content: http://www.newswire.ca/en/releases/archive/October2021/05/c9801.html

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Albertsons Companies, Inc. (ACI). ACI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 14.02, which compares to its industry's average of 21.73. ACI's Forward P/E has been as high as 14.98 and as low as 5.35, with a median of 9.62, all within the past year.

We also note that ACI holds a PEG ratio of 1.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ACI's industry currently sports an average PEG of 1.79. Over the last 12 months, ACI's PEG has been as high as 1.25 and as low as 0.45, with a median of 0.82.

Finally, our model also underscores that ACI has a P/CF ratio of 7.77. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 13.90. ACI's P/CF has been as high as 8.31 and as low as 2.15, with a median of 3.62, all within the past year.

Value investors will likely look at more than just these metrics, but the above data helps show that Albertsons Companies, Inc. Is likely undervalued currently. And when considering the strength of its earnings outlook, ACI sticks out at as one of the market's strongest value stocks.

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Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report
 
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Hastings Technology Metals Limited (ASX:HAS) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Hastings Technology Metals Limited engages in the exploration and development of rare earth deposits in Australia. The AU$426m market-cap company announced a latest loss of AU$6.3m on 30 June 2021 for its most recent financial year result. Many investors are wondering about the rate at which Hastings Technology Metals will turn a profit, with the big question being “when will the company breakeven?” We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

View our latest analysis for Hastings Technology Metals

Consensus from 2 of the Australian Metals and Mining analysts is that Hastings Technology Metals is on the verge of breakeven. They anticipate the company to incur a final loss in 2022, before generating positive profits of AU$5.5m in 2023. So, the company is predicted to breakeven approximately 2 years from now. How fast will the company have to grow each year in order to reach the breakeven point by 2023? Working backwards from analyst estimates, it turns out that they expect the company to grow 68% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

Underlying developments driving Hastings Technology Metals' growth isn’t the focus of this broad overview, however, bear in mind that typically a metal and mining business has lumpy cash flows which are contingent on the natural resource mined and stage at which the company is operating. So, a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

One thing we’d like to point out is that Hastings Technology Metals has no debt on its balance sheet, which is quite unusual for a cash-burning metals and mining company, which typically has high debt relative to its equity. The company currently operates purely off its shareholder funding and has no debt obligation, reducing concerns around repayments and making it a less risky investment.

Next Steps:

There are too many aspects of Hastings Technology Metals to cover in one brief article, but the key fundamentals for the company can all be found in one place – Hastings Technology Metals' company page on Simply Wall St. We've also compiled a list of pertinent aspects you should further examine:

1. Valuation: What is Hastings Technology Metals worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Hastings Technology Metals is currently mispriced by the market.

2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Hastings Technology Metals’s board and the CEO’s background.

3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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.

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.

But how do you find the right combination of stocks? Funding your retirement, your kids' college tuition, or your short- and long-term savings goals certainly requires significant returns.

Enter the Zacks Rank.

What is the Zacks Rank?

The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.

Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.

Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.

Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.

Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.

Each one of these factors is given a raw score that's recalculated every night, and then compiled into the Zacks Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."

The Power of Institutional Investors

The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.

These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.

In order to determine the fair value of a company and its shares, institutional investors design valuation models that focus on earnings and earnings estimates. Because if you raise earnings estimates, it then creates a higher fair value for a company and its stock price.

Institutional investors then act on these changes in earnings estimates, typically buying stocks with rising estimates and selling those with falling estimates; an increase in earnings estimates can translate into higher stock prices and bigger gains for the investor.

Since it can often take weeks, if not months, for an institutional investor to build a position (given their size), retail investors who get in at the first sign of upward earnings estimate revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.

Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.

How to Invest with the Zacks Rank

The Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.

Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.

Let's take a look at Mosaic (MOS), which was added to the Zacks Rank #1 list on August 7, 2021.

Minnesota-based The Mosaic Company is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. It was formed through the combination of the fertilizer businesses of agribusiness giant Cargill Incorporated and IMC Global Inc. Mosaic is the biggest integrated phosphate producer globally and is also among the four largest potash producers in the world.

Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $1.50 to $4.86 per share. MOS boasts an average earnings surprise of 43%.

Earnings are expected to grow 471.8% for the current fiscal year, while revenue is projected to increase 43.9%.

Additionally, MOS has climbed higher over the past four weeks, gaining 17.6%. The S&P 500 is down 3.6% in comparison.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Mosaic should be on investors' shortlist.

If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.

Discover Today's Top Stocks

Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>

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The Mosaic Company (MOS) : Free Stock Analysis Report
 
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Drill Hole DD21ES15C significantly exceeds previous results: 77 m at 2.95 g/t 2PGE+Au from surface, incl. 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 29.7 m

VANCOUVER, British Columbia, Oct. 04, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on metallurgy at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“We are very encouraged by confirmatory drill core assay results from the Esbarro and Curiu PGE deposits, which returned impressive, high-grade palladium-platinum through broad intercepts from surface,” stated ValOre’s VP of Exploration, Colin Smith. “In addition, we welcome metallurgist Chris Kaye to the ValOre team, whose extensive experience will help accelerate the advancement of the Pedra Branca Project.”

Key Updates on Metallurgical Drilling, Testwork and Personnel:

• Ten HQ-size core drill holes totaling 591 metres (“m”) at the Curiu and Esbarro PGE deposit areas were completed, logged, sampled and assayed prior to planned metallurgical testwork;

• All 10 drill holes confirmed the historically reported geology and returned high-grade, shallow PGE-mineralized intercepts including:

  • 77 m at 2.95 g/t 2PGE+Au from surface, incl. 45 m at 4.76 g/t 2PGE+Au, 0.1 g/t Rh from 16 m, and 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 30 m in drill hole DD21ES15C

  • 49 m at 2.03 g/t 2PGE+Au from 19 m, incl. 4.6 m at 11.94 g/t 2PGE+Au, 0.25 g/t Rh from 23.68 m in Drill hole DD21CU12A

  • 77 m at 1.01 g/t 2PGE+Au from surface in drill hole DD21PBE30A

  • 47 m at 1.51 g/t 2PGE+Au from surface in drill hole DD21CU12A;

• Highly experienced metallurgist, Chris Kaye, has been engaged to oversee the current and future testwork campaigns;

• Metallurgical testwork program at ALS Metallurgy Kamloops (“ALS”) expected to commence mid-October, with a primary focus on mineralogy and conventional processing circuits;

• Composite samples have been selected and shipped.

*Reported core assay interval lengths are estimated to represent 95-100% true width

2021 Metallurgical Drill Program

Ten HQ-size core drill holes (totaling 591 m) were completed to provide PGE mineralized material for planned metallurgical testwork. Six holes (378 m) were drilled into the Esbarro deposit (394,000 ounces 2PGE+Au contained in an inferred resource of 9.9 million tonnes (“Mt”) grading 1.23 g/t 2PGE+Au), and four holes (213 m) were drilled into the Curiu deposit (1.6 Mt grading 1.93 g/t 2PGE+Au, containing 100,000 ounces).

All drill holes confirmed the historically reported mineralized ultramafic (“UM”) intrusion and returned broad, shallow, high-grade 2PGE+Au intercepts. See Table 1 below for a complete table of drill core assays and CLICK HERE for a map of the metallurgical drill hole locations at Esbarro and Curiu (Figure 1).

Table 1: Drill Core 2PGE+Au Assays from the 2021 Metallurgical Drill Program

*Reported core assay interval lengths are estimated to represent 95-100% true width

ALS Metallurgy Testwork Program

The ALS testwork program will comprise a detailed mineralogical assessment and conventional flotation tests on a composite sample of ¼ HQ drill core from the Curiu deposit. A Particle Size Analysis (“PSA”) study will be performed prior to the mineralogical assessment, and subsequent rougher floatation, Davis Tube and magnetic separation rougher tests will be completed. Assays will be taken on the heads, fractions, and final test products to assess metallurgical recoveries.

Historical metallurgical testing of material from the Pedra Branca project has involved assessing a range of different processing alternatives, including conventional treatment such as grinding, and flotation as it relates to alterations and material types. This testwork has produced a valuable insight into the metallurgical response of the different material types associated with the project; particularly with respect to the Curiu material. The ALS metallurgical testwork program is designed to leverage from this historical testing and incorporate mineralogical assessment of rock types while evaluating modifications to the processing route and optimizing the treatment criterion developed to date.

About ALS Metallurgy Kamloops

ALS has established a reputation as a leader in process development, circuit optimization and mineralogical analysis. As the global leader in metallurgical testing and consulting services for mineral process flowsheet development and optimization, ALS offers mineral processing testing by both bench scale and pilot scale facilities, hydrometallurgical and mineralogical test services, and project management by expert metallurgists.

CLICK HERE for more information regarding ALS Metallurgy Kamloops.

Chris Kaye, Metallurgist

ValOre will draw on the experience of metallurgist, Chris Kaye (President & Principal Process Engineer of Mine and Quarry Engineering Services Inc., “MQes”), to oversee current and future metallurgical testwork programs for Pedra Branca. Chris has over 35 years’ experience in mining and mineral processing, working with operating mines, engineering companies and consulting companies. He has expertise in PGEs, Gold, Silver, Copper, Nickel, Lead, Zinc and Aluminum projects in Australia, Finland, Canada, Zambia, Argentina, Chile, Mexico and the USA, with extensive experience in project development, managing plants, and developing “green-field” projects.

CLICK HERE for more information regarding MQes.

Quality Control/Quality Assurance (“QA/QC”) and Grade Interval Reporting

CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares (138,339 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

NYSE American Symbol – UEC

CORPUS CHRISTI, Texas, Oct. 4, 2021 /CNW/ – Uranium Energy Corp. (NYSE American: UEC) ("UEC" or the "Company") invites investors and shareholders to attend the Company's presentation at the TD Securities Virtual Uranium Roundtable on Thursday, October 7, 2021, at 3:10 PM ET.

Interested investors can register to attend UEC's live webcast on October 7^th via the TD Virtual Uranium Roundtable registration link: https://bit.ly/3zEAR2F

The presentation recording will be made available on the company's website for 90 days after the conference.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly In-Situ Recovery (ISR) mining uranium projects. In South Texas, the Company's hub-and-spoke operations are anchored by our fully-licensed Hobson Processing Facility which is central to our Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the Company's diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the Company owns one of the largest and highest-grade ferro-titanium deposits in the world. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

View original content:https://www.prnewswire.com/news-releases/uranium-energy-corp-to-present-at-the-td-virtual-uranium-roundtable-301391463.html

SOURCE Uranium Energy Corp

View original content: http://www.newswire.ca/en/releases/archive/October2021/04/c4951.html

TORONTO, Oct. 04, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) is pleased to announce that, through its indirectly wholly-owned subsidiary, SRH Chile SpA (“SRH”), it has delivered to the minority shareholder (the “Minority Shareholder”) of Minera Tres Valles (“MTV”), the required written notice of its intention to acquire the remaining ownership of MTV that SRH does not already own.

The Company through SRH owns 91.1% of MTV and under the shareholders’ agreement (the “SHA”) between SRH and the Minority Shareholder, beginning October 2, 2021, SRH has 30 days to deliver a written notice to the Minority Shareholder of its intention to acquire all the shares of MTV owned by the Minority Shareholder.

“This is the first step in completing the acquisition of the remaining ownership of MTV,” stated Michael Staresinic, President and CEO of Three Valley Copper. “The SHA provides for a sequence of steps to be undertaken in completing this acquisition and the delivery of the call notice is the first step. We believe it will be several months before a purchase price is concluded on and the transaction complete.”

The Company will provide future updates as it completes this acquisition.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release, contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to: the proposed acquisition of the Company’s remaining interest in MTV and the timing of the steps required under the SHA to acquire the remaining interest.

Although TVC believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including: the purchase of the remaining interest in MTV being completed in accordance with the terms and conditions of the SHA and not being subject to undue delay, there being no additional significant disruptions affecting the development and operation of MTV; the availability of certain consumables (including water) and services and the prices for power and other key supplies; expected labour and materials costs and available supply; expected fixed operating costs; permitting and arrangements with stakeholders; certain tax rates, including the allocation of certain tax attributes, being applicable to MTV; the availability of financing for the Company's and MTV’s planned operations and development activities; assumptions made in mineral resource and mineral reserve estimates and the financial analysis based on these estimates, including (as applicable), but not limited to, geological interpretation, grades, commodity price assumptions, metallurgical performance, extraction and mining recovery rates, hydrological and hydrogeological assumptions, capital and operating cost estimates, and general marketing, political, business and economic conditions, the continued availability of quality management, critical accounting estimates, all terms of the restructuring agreement and facility agreement to which MTV and the Company are parties will be satisfied in the future including no events of default, existing water supply will continue, supplemental water availability will continue, the geopolitical risk of Chile will remain stable, including risks related to labour disputes, the construction and expansion of mining operations including the Papomono Masivo incline block caving underground mining project, as well as the timing thereof and production therefrom; favorable outcomes of litigation and /or arbitration initiated by the minority shareholder of the Company’s operating subsidiary, MTV; the timing of production and results for the recently restarted Don Gabriel mine; and expected timelines for drawdown and repayment of indebtedness of MTV.

Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize, including: (i) possible variations in grade or recovery rates; (ii) copper price fluctuations and uncertainties; (iii) delays in obtaining governmental approvals or financing; (iv) risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to mineral reserves, production, costs and expenses; and labour, health, safety and environmental risks) and risks associated with the other portfolio companies' industries in general; (v) performance of the counterparty to the ENAMI Contract; (vi) risks associated with investments in emerging markets; (vii) general economic, market and business conditions; (viii) market volatility that would affect the ability to enter or exit investments; (ix) failure to secure additional financing in the future on acceptable terms to the Company, if at all; (x) commodity price and foreign exchange fluctuations and uncertainties; (xi) risks associated with catastrophic events, manmade disasters, terrorist attacks, wars and other conflicts, or an outbreak of a public health pandemic or other public health crises, including COVID-19; (xii) those risks disclosed under the heading "Risk Management" in TVC’s Management’s Discussion and Analysis for the period ended December 31, 2020; and (xiii) those risks disclosed under the heading "Risk Factors" or incorporated by reference into TVC’s Annual Information Form dated March 3, 2021. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and SRHI does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

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 news release.

Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") is pleased to announce that it has entered into an asset purchase agreement (the "Agreement") with NorZinc Ltd. ("NorZinc") and its affiliate NorZinc-Newfoundland Ltd. to acquire the mineral rights to four projects in central Newfoundland, adding 127km² to Canterra's central Newfoundland property position.

Of these four projects, three contain mineral resource estimates prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), and two contain grades greater than 1.0 grams per tonne ("g/t") gold ("Au"). Following the completion of this transaction, the Company's total property position in the central Newfoundland gold belt will be approximately 412km², allowing for expansion of exploration efforts across the central Newfoundland gold district. The Company will begin targeting work on the properties following completion of the Fall 2021 drilling program, which is currently underway at the Company's Wilding Property.

Highlights:

• Underexplored property package in prolific volcanogenic massive sulfide ("VMS") district, which hosts the past producing Duck Pond Mine (Teck Resources) and Buchans Mine (ASARCO)

• Strong average gold grades greater than 1.0 g/t at the Lemarchant and Boomerang deposits

• VMS systems defined on all projects with significant expansion potential and numerous untested targets

Table 1 – Mineral Resource Estimates at Various Effective Dates

(1) Based on a 4.0% ZnEq Cutoff from the technical report entitled "NI 43-101 Technical Report and Updated Mineral Resource Estimate on the Lemarchant Deposit South Tally Pond Property, Central Newfoundland, Canada" prepared for NorZinc Ltd., Report Date: October 22, 2018, Effective Date: September 20, 2018, as prepared by Michael Cullen, P.Geo., Matthew Harrington, P.Geo. and Michael J. Vande Guchte, P.Geo. All figures have been rounded to reflect the relative accuracy of the estimates.
(2) Based on a 1.0% Zn Cutoff from the technical report entitled "Messina Minerals Inc.: Tulks South Property, Central Newfoundland, Canada Technical Report" prepared for Messina Minerals Inc., Report Date: August, 2007, as prepared by Snowden. All figures have been rounded to reflect the relative accuracy of the estimates.
(3) Based on a 7.0% ZnEq Cutoff from the technical report entitled "Independent Technical Report for the Main Zone of the Long Lake Volcanic Massive Sulphide Project, Newfoundland and Labrador, Canada" prepared for Messina Minerals Inc., Report Date: April 16, 2012, Effective Date: March 13, 2012, as prepared by SRK Consulting (Canada) Inc. All figures have been rounded to reflect the relative accuracy of the estimates.

Chris Pennimpede, CEO & President of Canterra, commented, "Canterra's goal is to find mineral deposits in central Newfoundland. Purchasing these four assets from NorZinc will bolster our mineral rights position in the central Newfoundland corridor and will provide further opportunity to make a major discovery in the belt. Our current property position around the former Duck Pond Mine has provided us with VMS exploration opportunities in addition to our already established orogenic gold deposit opportunities. These new acquisitions further that VMS exploration potential. As the age-old industry saying goes, "the best place to look for deposits/mines is next to deposits/mines"; Canterra will now be positioned next to Marathon's Valentine Lake Deposits, Teck's Duck Pond Mine and will have a suite of deposits with significant exploration upside. With $4.5M in cash, and a 412km² land position covering mineral rights encompassing existing deposits, we expect to be well positioned to make the next mineral discovery in central Newfoundland."

The four properties to be acquired pursuant to the Agreement are the South Tally Pond property (hosting the Lemarchant deposit), the Tulks South property (hosting the Boomerang-Domino and Tulks East deposits), the Long Lake property (hosting the Long Lake "Main Zone" deposit) and the Victoria Mine property (host to a historical copper mine) (collectively, the "Properties"). The location of the Properties are shown on the map below:

Figure 1 –Location of NorZinc Properties

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8054/98424_e96f0e3d3457ba68_001full.jpg

South Tally Pond Project

The South Tally Pond property covers 9km² and is located ~ 20 km southwest of the past-producing Duck Pond Mine (operated by Teck Resources between 2007 and 2016), and is underlain by the volcano-sedimentary Victoria Lake Supergroup. The project contains the Lemarchant deposit, a VMS deposit within a 4km long, 700m wide sequence of altered volcanic rocks, similar to the Duck Pond Mine deposit. The Lemarchant deposit contains >1 g/t Au in both the indicated and inferred categories, with an estimated indicated mineral resource of 2,420,000 tonnes at a gold grade of 1.22 g/t giving ~95,000 oz Au (Table 2).

Table 2: Lemarchant Deposit Mineral Resource Estimate at 4.0% Zn Eq. Cutoff (Effective September 20, 2018)⁽¹⁾⁽²⁾

(1) Based on a 4.0% ZnEq Cutoff from the technical report entitled "NI 43-101 Technical Report and Updated Mineral Resource Estimate on the Lemarchant Deposit South Tally Pond Property, Central Newfoundland, Canada" prepared for NorZinc Ltd., Report Date: October 22, 2018, Effective Date: September 20, 2018, as prepared by Michael Cullen, P.Geo., Matthew Harrington, P.Geo. and Michael J. Vande Guchte, P.Geo.
(2) Mineral resources are not mineral reserves and do not have demonstrated economic viability. Resource tonnages have been rounded to the nearest 10,000. Totals may vary due to rounding. Price assumptions used were US$1.10/pound for zinc, US$1.00/pound for lead, US$3.21/pound for copper, US$1,351/ounce for gold and US$19/ounce for silver. Metal recoveries used were 91.46% Zn, 82.42% Pb, 79.50% Cu, 84.23% Au and 68.22% Ag.

The South Tally Pond property lies directly north of Canterra's Wilding Property, where a continuation of the gold-bearing Valentine Lake Shear Zone (VLSZ) has recently been identified and which is currently being drilled as part of Canterra's Fall drilling program.

Tulks South Project

The Tulks South project is located 48km west of the Duck Pond Mill complex (78km by road) and is comprised of mineral licences and a mining lease totaling 76km². The Tulks South project contains the Boomerang-Domino deposits which have a 2007 mineral resource estimate (Table 3). In addition, the project contains the Hurricane lens that is not included in the mineral resource estimate. Drill programs in 2014 and 2017 have expanded the known mineralization at Hurricane and Boomerang. The Boomerang-Domino deposits contain significant gold and silver, with ~73,000 ounces ("oz") of gold contained in the Indicated category at a grade of 1.66 g/t Au.

Table 3: 2007 Boomerang Domino Mineral Resource Estimate at 1% Zn Cut-off ⁽¹⁾⁽²⁾

(1) Based on a 1.0% Zn Cutoff from the technical report entitled "Messina Minerals Inc.: Tulks South Property, Central Newfoundland, Canada Technical Report" prepared for Messina Minerals Inc., Report Date: August, 2007, as prepared by Snowden.
(2) Mineral resources are not mineral reserves and do not have demonstrated economic viability.

In addition to the Boomerang-Domino Deposit, the Tulks South Project contains the Tulks East Deposit, on which 118 drillholes (totaling 24,000m) have been drilled, and that contains a historical mineral resource estimate.

Long Lake Project

The Long Lake project lies 50 km southwest of the Duck Pond mine (90 km by road) and covers 40km², located immediately to the north of Marathon Gold's Victory Deposit. The Long Lake project is underlain by the volcanic Tulks Hill Group (Victoria Lake Supergroup) and contains the Long Lake "Main Zone" VMS deposit, hosted on the limb of an isoclinal syncline. The results of a 2012 Mineral Resource Estimate ("MRE") for the Main Zone are shown below (Table 4), and mineralization has been extended by 2014 drilling (not included in the MRE).

Table 4: 2012 Long Lake Deposit Mineral Resource Estimate at 7.0% ZnEq. Cutoff (Effective March 13, 2012) ⁽¹⁾⁽²⁾

(1) Based on a 7.0% ZnEq Cutoff from the technical report entitled "Independent Technical Report for the Main Zone of the Long Lake Volcanic Massive Sulphide Project, Newfoundland and Labrador, Canada" prepared for Messina Minerals Inc., Report Date: April 16, 2012, Effective Date: March 13, 2012, as prepared by SRK Consulting (Canada) Inc.
(2) Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the relative accuracy of the estimates. Reported at a cut-off of 7.00 percent zinc equivalent based on an underground mining scenario, metallurgical recoveries of 80 percent zinc, 40 percent copper, 70 percent lead and 50 percent silver. Gold grades were not used in the metal equivalent calculation. Metal price assumptions of US$1.00/pound for zinc, US$4.00/pound for copper, US$1.20/pound for lead and US$40.00/troy ounce silver.

Victoria Mine

The Victoria Mine property includes a copper mine operated around the turn of the nineteenth century, which was explored by both Noranda in the 1990s and Celtic Minerals Ltd. between 1999 and 2007.

Terms of the Agreement

The Agreement provides for the acquisition of the Properties for $250,000 in cash and 6,625,000 common shares (the "Consideration Shares") of Canterra (the "Acquisition"), representing an approximate 9.1% ownership interest, together representing a total consideration value of approximately $2,237,500 based on a closing price of $0.30 per share.

The Consideration Shares issued to NorZinc will be subject to contractual lock-up requirements pursuant to which, except in certain circumstances, 3,000,000 Consideration Shares may not be transferred until the date that is six months following closing and the remaining 3,625,000 Consideration Shares may not be transferred until the date that is 12 months following closing. The Consideration Shares will also be subject to a statutory hold period expiring four months and one day from the closing.

Completion of the Acquisition is expected to occur in mid-November 2021 and remains subject to customary conditions for transactions of this nature, including third party consents and waivers, and the acceptance of the Acquisition by the TSX Venture Exchange.

About Canterra Minerals

Canterra is earning a 100% interest in the Wilding and Noel Paul Gold Projects, located 50km south, by logging road, from Millertown and directly northeast of Marathon Gold's Valentine Lake Gold Project in Central Newfoundland. The 285km² property package includes 50km of the northeastern strike-extension of the Rogerson Lake Structural Corridor, which hosts Marathon Gold's Valentine Lake deposits, Matador Mining's Cape Ray deposit, Sokoman's Moosehead discovery and TRU Precious Metals' Golden Rose and Twilight discoveries. A $2.75 million exploration program is underway, focusing on drilling and surface exploration on the Wilding Gold Project. This program will include additional diamond drilling on the existing zones and follow up trenching and diamond drilling on numerous targets identified from previous soil geochemistry sampling. Canterra's team has more than 100 years of experience searching for gold and diamonds in Canada and has been involved in the discovery of the Snap Lake diamond mine, in addition to the discovery of the Blackwater Gold deposit in British Columbia, Canada.

The scientific and technical information contained in this news release was reviewed and approved by Christopher Pennimpede, P.Geo., President & CEO of Canterra. Mr. Pennimpede is a Qualified Person as defined by NI 43-101.

ON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION
Chris Pennimpede
President & CEO

Additional information about the Company is available at www.canterraminerals.com.
For further information, please contact: +1 (604) 687-6644.
Email: info@canterraminerals.com

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

Cautionary Note Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, and include statements with respect to the anticipated timing for closing of the Acquisition, statements with respect to the estimates of mineral resources on the properties to be acquired by the Company, statements with respect to the Company having a suite of deposits with significant exploration upside and statements with respect to the Company's expectation to be well positioned to make that next mineral discovery in central Newfoundland. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the failure to complete the terms of the Agreement, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects.; the business and operations of the Company; unprecedented market and economic risks associated with current unprecedented market and economic circumstances due to the COVID-19 pandemic, as well as those risks and uncertainties identified and reported in the Company's public filings under its SEDAR profile at www.sedar.com. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98424

Albemarle Corporation ALB recently announced that it has signed a definitive deal to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co., Ltd. The latter is a lithium converter located in Guangxi, China.

Per the agreement, Albemarle will acquire all outstanding equity from Tianyuan's stockholders for roughly $200 million, subject to certain adjustments. Albemarle projects the deal to close in early 2022, subject to customary closing conditions.

Tianyuan's operations include a recently-constructed lithium processing plant strategically located near the Port of Qinzhou in Guangxi. The plant has designed annual conversion capacity of up to 25,000 metric tons LCE. It is capable of producing battery-grade lithium carbonate and lithium hydroxide. It is currently in the commissioning stage and expected to begin commercial production in the first half of the next year.

Albemarle stated that the acquisition of Tianyuan, which owns and operates a newly- constructed lithium processing plant, is in sync with its strategy to pursue profitable growth, in line with customer demand. This will be an important component of its next wave of projects that will boost its conversion capacity in a capital-efficient manner in the coming years.

With the rapid global transition to cleaner energy, this added lithium capacity will enable it to help the customers achieve their growth and sustainability ambitions, the company noted.

Shares of Albemarle have surged 131% in the past year compared with a 18.2% rise of the industry.

Image Source: Zacks Investment Research

Albemarle, in its last earnings call, stated that it expects its performance for full-year 2021 to improve modestly on a year-over-year basis on a sustained recovery in global economic activities.

The company expects net sales for 2021 to be between $3.2 billion and $3.3 billion. It sees higher Lithium sales and improving trends in Catalysts. However, expectations for the Bromine business are reduced due to an increase in raw material costs and supply chain disruptions.

Moreover, Albemarle now expects adjusted earnings per share for 2021 in the band of $3.35-$3.70, up from its prior view of $3.25-$3.65.

Albemarle Corporation Price and Consensus

Albemarle Corporation price-consensus-chart | Albemarle Corporation Quote

Zacks Rank & Key Picks

Albemarle currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, The Chemours Company CC and Methanex Corporation MEOH.

Nucor has a projected earnings growth rate of around 534.4% for the current year. The company’s shares have surged 106.5% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 34.3% in the past year. It currently carries a Zacks Rank #2 (Buy).

Methanex has an expected earnings growth rate of around 409.3% for the current fiscal. The company’s shares have surged 93.3% in the past year. It currently flaunts a Zacks Rank #1.

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Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – The board of International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce an update on progress at the end of the quarter.

Sale of Mariana
This sale of ILC's remaining 8.58% stake in Litio Minera Argentina and the remaining rights in the Mariana project to ILC's partner Ganfeng Lithium for CAD$ 16.8 million was announced on September 21, 2021. The Mariana transaction counts as a "Reviewable Disposition" under TSXV policies and is subject to TSXV approval and shareholder approval by a majority of the shares entitled to vote on the transaction. The Company is pleased to announce that it has now obtained TSXV approval to close the transaction following it obtaining the overwhelming support of the largest shareholders who provided the required shareholder approval. The Company expects to close the transaction in mid-October following the Chinese National Day and Golden Week holidays.

Convertible Debentures
All the remaining convertible debentures which were due to mature on September 30, 2021 were converted prior to maturity, resulting in the issue of an additional 10,600,000 shares and the elimination of C$ 530,000 of convertible debt.

Shares in issue
Following the exercise of warrants for CAD$ 600,000 mentioned in the September 21, 2021 news release, and the conversion of CAD$ 530,000 of convertible debentures mentioned above, the Company now has 233,880,443 common shares in issue. A new Fact Sheet reflecting this is available on the company's website.

Raleigh Lake progress
The Company commenced the autumn program at its 100% owned Raleigh Lake lithium and rubidium project in Canada last week. The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration conducted to date covers only 5% of ILC's current claim area that has already shown significant quantities of rubidium and caesium in the lithium bearing pegmatite. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free. It has perfect infrastructure being close to the town of Ignace and the city of Dryden, Ontario and is transected by the Trans-Canada Highway, high power electrical lines, gas pipelines and the Canadian Pacific Railway.

The recently mobilized field crews will continue exploration in Zones 1 and 2 of Raleigh Lake. Drilling in this area has delineated laterally extensive dykes of lithium-bearing pegmatites that dip gently for several hundred metres and remain open in several directions. A bio-geochemical orientation survey is being conducted to ascertain if the technique can be applied to the remainder of the project area where there is less outcrop and surface exposure of underlying geology is poor. The Company is widening the lithogeochemical sampling coverage by extending beyond the original 3000 Ha of claims, which will capture Zone 5, where the potential for pegmatite mineralization similar to the Tanco deposit at Bernic Lake, Manitoba, still exists. Due to the expansion of ILC's claims from 3,000 to 17,000 hectares this summer, there will also be some preliminary prospecting carried out over the newly staked areas for evidence of both lithium and nickel sulphide mineralization.

There is more work to do to get to a useful resource estimate at Raleigh Lake given also the large amount of additional claims acquired, and the Company will be doing this in a commercially sensible order, with a maiden resource estimate within Zone 1 now expected in 2022.

Avalonia progress
ILC's joint venture in Ireland with Ganfeng Lithium has seen continued drilling during the summer, and has made good progress in obtaining a clearer picture of the structure of the pegmatites there. The Company hopes to be able to publish results from the Avalonia project in the next couple of months.

Summary
This has been a very significant quarter for the Company, and the coming quarter is also expected to be an active one. Additional exploration at Raleigh Lake will form the bulk of the Company's operational expenditure in the next quarter. At the same time the Company will also look for additional exploration opportunities.

Qualified person
Patrick McLaughlin, P.Geo, a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects has reviewed and approved the technical information in this press release.

About International Lithium Corp.

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

A key goal has been to become a well funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021, which is the subject of this announcement, we believe we are well placed in that respect.

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

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

The Raleigh Lake project now consists of over 17,000 hectares (170 square kilometres) of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The exploration there so far, which is on only about 5% of ILC's current claims, has shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

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

The ownership of the Mavis Lake project is now 51% Essential Metals Limited ("ESS") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC.

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

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $ 10 million expenditures on exploration activities by September 2024 or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.

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

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

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

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

Cautionary Statement Regarding Forward-Looking Information

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98413

Today we will run through one way of estimating the intrinsic value of Rogue Resources Inc. (CVE:RRS) by taking the forecast future cash flows of the company and discounting them back to today's value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. It may sound complicated, but actually it is quite simple!

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

See our latest analysis for Rogue Resources

The model

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) estimate

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = CA$1.0m

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.6%. We discount the terminal cash flows to today's value at a cost of equity of 8.2%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = CA$318k× (1 + 1.6%) ÷ (8.2%– 1.6%) = CA$4.8m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= CA$4.8m÷ ( 1 + 8.2%)¹⁰= CA$2.2m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is CA$3.2m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of CA$0.1, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

Important assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Rogue Resources as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.2%, which is based on a levered beta of 1.529. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Rogue Resources, there are three relevant elements you should consider:

1. Risks: As an example, we've found 4 warning signs for Rogue Resources (2 are a bit concerning!) that you need to consider before investing here.

2. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

3. Other Environmentally-Friendly Companies: Concerned about the environment and think consumers will buy eco-friendly products more and more? Browse through our interactive list of companies that are thinking about a greener future to discover some stocks you may not have thought of!

PS. Simply Wall St updates its DCF calculation for every Canadian stock every day, so if you want to find the intrinsic value of any other stock just search here.

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

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

(Bloomberg) — BHP Group is in talks about buying into a copper project in the Democratic Republic of the Congo, marking a dramatic departure from the world’s biggest mining company’s policy of shunning risky jurisdictions.

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The Melbourne-based miner is in early discussions with billionaire Robert Friedland’s Ivanhoe Mines Ltd. to buy into Western Foreland, a huge exploration territory that neighbors Ivanhoe’s Kamoa-Kakula mine, according to people familiar with the matter, who asked not to be identified as the talks are private. There’s no guarantee BHP will agree a deal with Ivanhoe, and other mining companies are also interested in the project, the people said.

Ivanhoe said in an emailed response that it doesn’t comment on specific negotiations. A spokesperson for BHP said the company declines to comment on market rumor and speculation. Ivanhoe shares rose as much as 10% on Monday, the biggest intraday advance since June last year.

A foray into a nation emerging from decades of conflict would mark a shift in strategy for BHP, which has operated mainly in more developed countries in recent years. The company sold its last mining asset in Africa — the rights to develop an iron ore deposit in Guinea — to Friedland in 2019 as it focused on Australia, Canada and Chile.

During the 18-month tenure of Chief Executive Officer Mike Henry, BHP’s position has softened. There’s a realization that to get access to the best mineral deposits for the global energy transition, the company needs to operate in more risky jurisdictions. BHP shifted its exploration headquarters to the financing hub of Toronto this year.

BHP is especially bullish on copper, a metal used for wiring that’s crucial to decarbonization. Like its major rivals, BHP is expecting a surge in demand, while long-term supply looks constrained amid a lack of new mine development and as growth in top producer Chile slows amid deteriorating ore quality and huge investment burdens.

Congo Bet

While BHP has already shown more appetite for risk by building a stake in Ecuador copper mine developer SolGold Plc, making a bet on the DRC is a significant step further. While the country is the biggest source of cobalt and Africa’s largest producer of copper, corruption in the industry has kept the nation among the poorest in the world.

The challenges of the DRC are highlighted by Ivanhoe’s Kamoa-Kakula mine, which started operating earlier this year. While it’s one of the highest grade copper mines in the world, with the potential to become one of the biggest, Chinese companies helped fund it as Western rivals were deterred by the risks associated with the country.

Ivanhoe points to the presence of BlackRock Inc. and Fidelity on its shareholder register as underscoring the transparency of the Vancouver-based firm’s operations in the DRC.

Friedland, who is Ivanhoe’s founder and executive co-chairman, made his fortune from a Canadian nickel project and was behind a massive copper-gold discovery in Mongolia that’s now operated by Rio Tinto Group.

(Adds share price in third paragraph)

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At Insider Monkey, we pore over the filings of nearly 873 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 30th. In this article, we will use that wealth of knowledge to determine whether or not Great Western Bancorp Inc (NYSE:GWB) makes for a good investment right now.

Is Great Western Bancorp Inc (NYSE:GWB) a cheap stock to buy now? Money managers were taking a pessimistic view. The number of bullish hedge fund positions were trimmed by 3 in recent months. Great Western Bancorp Inc (NYSE:GWB) was in 10 hedge funds' portfolios at the end of the second quarter of 2021. The all time high for this statistic is 24. Our calculations also showed that GWB isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 13 hedge funds in our database with GWB holdings at the end of March.

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 79 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.

Matthew Lindenbaum of Basswood Capital

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

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

At the end of the second quarter, a total of 10 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -23% from the first quarter of 2020. The graph below displays the number of hedge funds with bullish position in GWB over the last 24 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

More specifically, Basswood Capital was the largest shareholder of Great Western Bancorp Inc (NYSE:GWB), with a stake worth $6.5 million reported as of the end of June. Trailing Basswood Capital was D E Shaw, which amassed a stake valued at $2.8 million. Two Sigma Advisors, Millennium Management, and Royce & Associates 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 Quantinno Capital allocated the biggest weight to Great Western Bancorp Inc (NYSE:GWB), around 0.32% of its 13F portfolio. Basswood Capital is also relatively very bullish on the stock, dishing out 0.27 percent of its 13F equity portfolio to GWB.

Judging by the fact that Great Western Bancorp Inc (NYSE:GWB) has experienced falling interest from the aggregate hedge fund industry, it's safe to say that there is a sect of fund managers that slashed their entire stakes heading into Q3. At the top of the heap, Ken Griffin's Citadel Investment Group dropped the largest investment of all the hedgies tracked by Insider Monkey, worth an estimated $10.4 million in stock, and Peter Rathjens, Bruce Clarke and John Campbell's Arrowstreet Capital was right behind this move, as the fund dropped about $2.5 million worth. These moves are important to note, as aggregate hedge fund interest dropped by 3 funds heading into Q3.

Let's now review hedge fund activity in other stocks similar to Great Western Bancorp Inc (NYSE:GWB). We will take a look at CVR Energy, Inc. (NYSE:CVI), WideOpenWest, Inc. (NYSE:WOW), Yext, Inc. (NYSE:YEXT), Argo Group International Holdings, Ltd. (NYSE:ARGO), Core Laboratories N.V. (NYSE:CLB), Lindsay Corporation (NYSE:LNN), and QAD Inc. (NASDAQ:QADA). This group of stocks' market valuations are similar to GWB's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position CVI,16,1348329,-2 WOW,19,296125,5 YEXT,19,54134,6 ARGO,12,230220,-1 CLB,16,238361,-1 LNN,14,215504,4 QADA,23,230920,9 Average,17,373370,2.9 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $373 million. That figure was $14 million in GWB's case. QAD Inc. (NASDAQ:QADA) is the most popular stock in this table. On the other hand Argo Group International Holdings, Ltd. (NYSE:ARGO) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Great Western Bancorp Inc (NYSE:GWB) is even less popular than ARGO. Our overall hedge fund sentiment score for GWB is 14.5. 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. Hedge funds dodged a bullet by taking a bearish stance towards GWB. Our calculations showed that the top 5 most popular hedge fund stocks returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 25.7% in 2021 through September 27th but managed to beat the market again by 6.2 percentage points. Unfortunately GWB wasn't nearly as popular as these 5 stocks (hedge fund sentiment was very bearish); GWB investors were disappointed as the stock returned -0.9% since the end of the second quarter (through 9/27) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market since 2019.

Get real-time email alerts: Follow Great Western Bancorp Inc. (NYSE:GWB)

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Investment in stocks made after an analysis of valuation metrics is usually considered one of the best practices. When considering valuation metrics, the price-to-earnings ratio has always been the obvious choice. This is because calculations based on earnings are easy and come in handy. However, price-to-sales has emerged as a convenient tool to determine the value of stocks that are incurring losses or are in an early cycle of development, generating meager or no profits.

While a loss-making company with a negative price-to-earnings ratio falls out of investor favor, its price-to-sales could indicate the hidden strength of the business. This underrated ratio is also used to identify a recovery situation or ensure that a company's growth is not overvalued.

A stock’s price-to-sales ratio reflects how much investors are paying for each dollar of revenue generated by a company.

If the price-to-sales ratio is 1, it means that investors are paying $1 for every $1 of revenues generated by the company. So, a stock with a price-to-sales below 1 is a good bargain as investors need to pay less than a dollar for a dollar’s worth.  

Thus, a stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.

The price-to-sales ratio is often preferred over price-to-earnings as companies can manipulate their earnings using various accounting measures. However, sales are harder to manipulate and are relatively reliable.

However, one should keep in mind that a company with high debt and a low price-to-sales ratio is not an ideal choice. The high debt level will have to be paid off at some point, leading to further share issuance, a rise in market cap, and ultimately a higher price-to-sales ratio.

In any case, the price-to-sales ratio used in isolation cannot do the trick. One should also analyze other ratios like Price/Earnings, Price/Book, and Debt/Equity before arriving at any investment decision.

Screening Parameters

Price to Sales less than Median Price to Sales for its Industry: The lower the price-to-sales ratio, the better.

Price to Earnings using F(1) estimate less than Median Price to Earnings for its Industry: The lower, the better.

Price to Book (common Equity) less than Median Price to Book for its Industry: This is another parameter to ensure the value feature of a stock.

Debt to Equity (Most Recent) less than Median Debt to Equity for its Industry: A company with less debt should have a stable price-to-sales ratio.

Current Price greater than or equal to $5: The stocks must be trading at a minimum of $5 or higher.

Zacks Rank less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.

Value Score less than or equal to B: Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best opportunities in the value investing space.

Here are seven of the 40 stocks that qualified the screening:

Signet Jewelers Limited SIG is a retailer of diamond jewelry, watches as well as other products. The company operates in the United States, Canada, U.K., the Republic of Ireland, and the Channel Islands. The company is often considered the leading retailer of diamond jewelry. The stock currently has a Zacks Rank #1 and a Value Score of A. It has a 3–5-year EPS growth rate of 8%.

New York-based GIII Apparel Group, LTD. GIII is a manufacturer, designer, and distributor of apparel and accessories under licensed brands, owned brands, and private label brands. The company’s portfolio includes outerwear, dresses, sportswear, swimwear, women’s suits, and women’s performance wear as well as women’s handbags, footwear, small leather goods, cold weather accessories, and luggage. G-III has a portfolio of more than 30 licensed and proprietary brands, including five global major brands — DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The stock currently has a Zacks Rank #1 and a Value Score of A.

Nu Skin Enterprises, Inc. NUS develops and distributes a wide range of premium cosmetics, beauty, personal care, and wellness products. While the company specializes in beauty and personal care, it also provides a wide range of nutritional products. Nu Skin’s products are available in more than 50 markets worldwide. The stock currently has a Zacks Rank #2 and a Value Score of A.

MetLife, Inc. MET is an insurance-based global financial services company, providing protection and investment products to a range of individual and institutional customers. In addition to offering individual insurance, annuity, and investment products, the company provides group insurance, retirement and savings products, and services. The 3-5 year EPS growth rate for the stock is estimated at 7.5%. The stock currently has a Value Score of A and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Luxembourg-based ArcelorMittal MT is the world’s leading steel and mining company. With a presence in more than 60 countries, it operates a balanced portfolio of cost-competitive steel plants across both the developed and developing world. It is the leader in all the main sectors — automotive, household appliances, packaging and construction. Its steel-making operations have significant geographic diversification with roughly 38% of its crude steel produced in the Americas, 47% in Europe and around 15% in other countries. The stock currently has a Zacks Rank #2 and a Value Score of A. It has a 3–5 year EPS growth rate of 1.5%.

The Mosaic Company MOS is a leading producer and marketer of concentrated phosphate and potash for the global agriculture industry. It is the biggest integrated phosphate producer globally and is also among the four largest potash producers in the world. The company caters to customers across roughly 40 countries. It accounts for roughly 13% of global annual phosphate production and around 11% of global annual potash production. The stock currently has a Value Score of B and a Zacks Rank #1. It has a 3–5 year EPS growth rate of 7%.

Hibbett, Inc. HIBB has evolved its offerings from sports goods to an athletic-inspired fashion-focused assortment. The company provides products for individual as well as team sports across several stores and its omni-channel platform. It focuses on providing a compelling collection of athletic-inspired fashion footwear, apparel, and accessories. The company operates predominantly in the South, Southwest, Mid-Atlantic, and Midwest regions of the United States. The stock currently has a Value Score of A and a Zacks Rank #2. The 3-5 year EPS growth rate for the stock is estimated at 22.4%.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your trial to the Research Wizard today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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

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.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ArcelorMittal (MT) : Free Stock Analysis Report
 
MetLife, Inc. (MET) : Free Stock Analysis Report
 
Hibbett, Inc. (HIBB) : Free Stock Analysis Report
 
Signet Jewelers Limited (SIG) : Free Stock Analysis Report
 
The Mosaic Company (MOS) : Free Stock Analysis Report
 
GIII Apparel Group, LTD. (GIII) : Free Stock Analysis Report
 
Nu Skin Enterprises, Inc. (NUS) : Free Stock Analysis Report
 
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For Immediate Release

Chicago, IL – October 4, 2021 – Zacks Equity Research Shares of Thor Industries, Inc. THO as the Bull of the Day, First Solar, Inc. FSLR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on The Gap, Inc. GPS, The Mosaic Company MOS and Best Buy Co., Inc. BBY.

Here is a synopsis of all five stocks:

Bull of the Day:

Thor Industries is a Zacks Rank #1 (Strong Buy) that makes a wide range of recreational vehicles (RVs). The company manufactures in Indiana and Ohio and sells its products through independent dealers in the U.S. and Canada. 

After doubling from the COVID lows in 2020, the stock traded sideways over the summer after pulling back from highs. However, a recent earnings report helped bring investors back into the stock. Now, the bulls are looking for all-time highs once again.  

About the Company

Thor is headquartered in Elkhart, Indiana and employs over 22,000 people. The company was founded in 1980 and sells travel trailers, motorhomes, caravans, urban vehicles and more.

THO is valued at $6.8 billion and has a Forward PE of 9. The company holds a Zacks Style Score of “A” in Momentum and “B” Value. The stock also pays a 1.3% dividend.

Travel Has Changed

The COVID-19 shutdowns started a movement for consumers to look at different ways to vacation and travel. With hotels closed and airport travel inconvenient, people looked to the old-fashioned camper as an alternative.

Demand for RVs went through the roof, which caused a massive backlog for companies like Thor and Winnebago.

When the vaccines came out, there was the thought that America would be opening up and travel would return to normal. However, the demand for campers, motorhomes and other recreational vehicles never subsided. Earnings and order backlogs from the manufacturers of these products shows us that domestic travel has changed for good.

Earnings Beat

Thor investors are used to beating on EPS, with the recent quarter marking sixth straight earnings surprise to the upside. The company posted a 42% beat on the bottom line, and saw revenues of $3.59B v $3.33B expected.

The order backlog is still huge, up 190% year over year. Gross profit margin was also up big from last year and the company said that demand for their RV products remains robust.  

Management was very positive on the call, making the following comments:

"THOR is carrying great momentum into fiscal year 2022, supported by a number of positive factors. Interest from new RV buyers and order activity continues to be robust across each of our business segments. We have record backlogs supported by North American dealer inventory levels that are 9% lower than the already historically low levels from a year ago and 44% lower than they were two years ago. Dealers remain confident in the long-term outlook for the RV industry and continue to invest in growing their businesses as the industry sees continued buying interest from both the first-time and repeat RV buyers." 

Thor added that that despite the challenging operating environment, the team has overcome the supply chain constraints. They look to grow the dividend, fund strategic opportunities and repurchase shares.

Estimates Rising

The quarter has opened eyes among analysts, which have started to lift estimates drastically. For the current year, analysts have raised estimates from $11.36 to $13.69, a hike of 20%. For the next year, we see a 13% jump, from $12.07 to $13.65.

Analysts are talking price targets higher. Wedbush raised their price target to $140 from $126 and BMO has their target at $166.

The Technical Take

The move lower over the summer broke some moving averages and threatened the $100 level. However, a 61.8% Fibonacci support level just above that $100 mark held up well. With the stock back above moving averages, the chart looks technically bullish.

The next resistance level will be the $140 market, an area where the bears took over back in May. If the bulls can push over $132, we would have $178 Fibonacci targets (161.8%).

In Summary

The RVs are still seeing a lot of demand and the backlog for campers is massive. The company has overcome challenges and proved that the supply chain issues have not gotten in the way of exceeding their numbers.

Look for the momentum to continue into the next year and for things to improve as supply chains get back to normal.

Bear of the Day:

First Solar is a Zacks Rank #5 (Strong Sell) that is a provider of solar energy solutions. The company specializes in designing, manufacturing, and selling solar electric power modules using a proprietary thin-film semiconductor technology. 

First Solar reported a real nice quarter back in July that rallied the stock 30%. However, the supply chain issues are hampering the solar industry and could impact future growth. So, investors should take caution as we head into the next few quarters.

About the Company

First Solar is headquartered in Tempe, AZ and employs over 5,000 people. The company was founded in 1999 and operates in the U.S, Japan, France and other locations internationally.

FSLR is valued at $10 billion and investors should be concerned with the valuation. The company holds a Zacks Style Score of “D” in Value with a PE of 22. At the same time, growth investors applaud the “B” Style Score in Growth.  

Q1 Earnings

Big earnings out in July, with the company seeing Q2 at $0.77 v the $.60 expected. Revenues missed and FY21 guidance was lowered, but revenue guidance was lifted.

The guidance cut was due to freight costs, which continue to move higher.  However, we are also seeing supply chain issues in the industry that could be an issue for further growth. Analysts are noticing and dropping numbers.

Estimates

Over the sixty days, estimates fell lower. For the next quarter, analysts have dropped their numbers to $0.72 from $0.65 For the next year, numbers have fallen from $3.10 to $2.69, or 20%.  

Despite the guidance cut and analyst's dropping expectations, the stock surged, moving from $80 to almost $107.

Supply Chain Issues

The bottlenecks in the supply chain are causing issues for a lot of companies. In the solar industry, the combination of getting materials and rising costs is a recipe for a couple quarters of trouble.

Steel and aluminum costs are key for solar panels and rising costs are a headwind. Despite good demand, these costs will trickle to the bottom line.

Technical Take 

  First Solar was one of the hottest stocks of 2007-08, with the stock shooting from under $50 to over $300 in just a year. However, during the financial crisis, the stock collapsed and never fully recovered.

After years of hanging on around the $50 mark, the stock has finally come back to life, moving over $100 a share. The stock is on the verge of breaking out, the fundamental issues discussed above are bringing in sellers on every move over $100.

The stock fell about 20% on the recent market sell off. Investors defended the 200-day moving average just under the $90 level and they will need to keep that area or the stock will likely fall back to summer support at $80.

In Summary

First Solar has some fundamental issues that will be a risk as they head into the next couple earnings reports. Investors should be on the defense until the supply chain issues can be overcome.

Additional content:

Zacks #1s with Growth AND Value

Whether it’s a business deal, a job, a relationship or your favorite brand of toothpaste at the supermarket; nobody likes to just settle for something. It means we’re accepting less than the best… usually because it’s easy.

And when it comes to investing, it means we’re making less money than we could. If you want to invest in Growth AND Value… you should be able to do it! And Zacks can help.

We’ve got a screen that not only helps you find big growth rates and low valuations, but also adds the power of the Zacks Rank. This screen is ingeniously titled: Growth & Value Plus Zacks Rank #1. Below are three stocks that recently passed the test.

The Gap Inc.

The name of the company may be The Gap, but the real powerhouse these days is Old Navy. And active women’s apparel brand Athleta is also starting to gain some traction. These two brands led to a strong fiscal second quarter performance in late August, which included a raised full-year outlook.

GPS is a premier international specialty retailer with more than 3,800 stores worldwide. It’s four segments are Gap Global, Old Navy Global, Banana Republic Global and Other (which includes the aforementioned Athleta brand). As part of the retail – apparel & shoes space, the company is in the Top 16% of the Zacks Industry Rank. Shares have climbed approximately 14% so far in 2021.

Earnings per share in its fiscal second quarter came to 70 cents, which trounced the Zacks Consensus Estimate by nearly 50%. Net sales of $4.2 billion inched past our expectation of $4.17 billion and jumped 29% year over year. Most impressively though, the result improved 5% over the same time in 2019, which was pre-covid.

Same-store sales were up 3% year over year and a solid 12% from two years ago.

Those annoying Old Navy commercials must really work, because net sales at that segment jumped 21% in the quarter with comps up 18% against 2019. Moving forward, Old Navy has big hopes for its inclusive shopping experience BODEQUALITY, which is part of its Power Plan 2023 for long-term sustainable growth.

Net sales at Athleta soared 35% with comps up 27% from 2019. GPS is also working to transform Banana Republic through various factors including product assortment. Sales were still down in the quarter, but improved from the first quarter 2021.

GPS has worked hard to better its marketing efforts, improve its brand management and enhance its technology. These factors paid off so much that the company raised its full-year outlook. It now expects adjusted EPS of between $2.10 and $2.25 with net sales growing about 30% versus 2020.

The Zacks Consensus Estimate for this fiscal year (ending January 2022) is now $2.21, which marks a 24.2% improvement over the past 60 days. Next fiscal year (ending January 2023) is now seen at $2.65, an advance of 20.5% over the same amount of time and suggests a year-over-year improvement of 20%.

The Mosaic Company

At a time of artificial intelligence, 5G, the Internet of Things, blockchain and dozens of other technologies; it seems weird that something like fertilizers could be considered “hot”. And yet, this space is in the top 6% of the Zacks Industry Rank, as agriculture trends are expected to be strong moving forward.

One of the biggest names in the space is The Mosaic Company, a leading producer and marketer of concentrated phosphate and potash crop nutrients. Shares are up over 60% so far this year, and the company expects the second half of 2021 to be one of its best periods in over a decade.

In the second quarter, MOS reported earnings per share of $1.17, which beat the Zacks Consensus Estimate by more than 15%. It was the fifth straight quarter with a positive surprise. The average beat over the past four quarters is just under 43%, but that’s skewed a bit by a triple digit surprise in the fourth quarter.

Net sales of $2.8 billion actually fell a little short of our expectations, but still jumped 37% year over year as stronger pricing offset the lower volumes. Net sales in Phosphates rose 54%, while sales in Potash advanced 19%. Volumes in both segments declined.

Looking forward, MOS sees a $90-$100 per ton improvement in average realized price in the Phosphates segment sequentially in the third quarter, while the Potash segment should have a $25-$35 per ton improvement.

The Zacks Consensus Estimate for this year is up to $4.86, which has surged 47.7% over the past two months. Expectations for next year are at $4.68, which suggests a year-over-year decline. However, analysts have raised their expectations by approximately 43% in 60 days, so there’s a lot of room for improvement before December 2022 rolls around.

Best Buy

It’s scary to think where this country would’ve been in this pandemic without technology. It allowed millions of people to work from home and students to learn from home during an unprecedented shutdown. We were able to stay in close contact with loved ones in quarantine. And technology provided gaming and streaming options to keep the family occupied so you can have just a few sweet moments of solitude before resuming your government-mandated house arrest with those lovely people.

Throughout all these circumstances, Best Buy was there with the consumer electronics necessary to keep things going when Covid locked things up. The dependence on technology led to 14 straight quarters of positive surprises for the company, including a more than 56% beat in its recently reported fiscal second quarter.

BBY is part of the Retail – Consumer Electronics space, which means it’s in the top 13% of the Zacks Industry Rank. The company has been focused on developing its omni-channel capabilities, improving the supply chain and cost-containment efforts. It’s really been paying off!

Earnings per share reached $2.98 in its fiscal second quarter, which trounced the Zacks Consensus Estimate by more than $1.

Enterprise revenues jumped nearly 20% to $11.85 billion, compared to our expectation of $11.6 billion. Enterprise comp sales increased by the same percentage. Key drivers in the quarter were computing, mobile phones, home theater, appliances and services.

Best of all though, BBY expects continued customer demand and solid momentum. In fact, it now sees enterprise comparable sales increasing between 9% and 11% for fiscal 2022, compared to the previous outlook of 3% to 6%.

The Zacks Consensus Estimate for this fiscal year (ending January 2022) is up to $9.95, which has advanced 16.9% in just two months. The expectation for next year (ending January 2023) is only at $9.54, which is up 9.3% in two months but down year over year. However, there’s plenty of time for that to improve as consumers are unlikely to throw their computers, TVs and gaming systems away in the future.

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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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Thor Industries, Inc. (THO) : Free Stock Analysis Report
 
First Solar, Inc. (FSLR) : Free Stock Analysis Report
 
Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
 
The Gap, Inc. (GPS) : Free Stock Analysis Report
 
The Mosaic Company (MOS) : Free Stock Analysis Report
 
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Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that, further to the Company's news release dated July 8, 2021, McEwen Copper Inc. ("McEwen Copper"), has closed the first tranche of its private placement announced on July 6^th, 2021, for gross proceeds to McEwen Copper of $40,000,000.

Rob McEwen's investment corporation, Evanachan Limited, purchased all the shares issued pursuant to the first tranche of the private placement. McEwen Copper, 81% owned by McEwen Mining Inc. ("McEwen"), is rapidly advancing work on the Los Azules project following the completion of the US$40 million private placement.

The news release issued by McEwen on September 29, 2021, stated:

"The McEwen Copper division, 81% owned by McEwen Mining, is rapidly advancing work on the Los Azules project following the completion of the US$40 million first tranche private placement financing announced August 23, 2021. The second tranche of the private placement is expected to close shortly. Preparations are underway for a large 53,000-meter drilling program targeting the upgrading of Inferred mineral resources to the Indicated category. The first 2 drill rigs are arriving in early November 2021, ramping up to the full complement of 10 drills by January 2022. Access to the project is currently being established on the existing exploration road, which has been safely cleared by crews 48 miles (78 km) of the route, approximately three quarters of the way to the project. Construction of a new all-season lower altitude access road is underway, with completion expected in H2 2022.

McEwen Copper has engaged an experienced group of professionals and consultants to guide the Los Azules project towards the pre-feasibility study stage, including Dave Tyler, Study Director, Gary Cochran, Project & Construction Manager, and Bill Thomas, Manager of Business Improvement & Operational Readiness."

"I am very pleased to see this very exciting and significant development for the Los Azules Copper Project and personal support by Rob McEwen of the newly created McEwen Copper," stated Kirill Klip, TNR's Executive Chair. "It's very encouraging to see a large 53,000-metre drilling program following the personal commitment from Rob McEwen and his investment of US$40 million to advance the rapid development of this giant copper, gold and silver deposit in an appropriate corporate structure which will allow financing and further development of the Los Azules Copper Project.

"TNR Gold holds a 0.36% NSR royalty on the entire Los Azules project containing copper, gold and silver metals. TNR Gold does not have to contribute any capital for the development of the Los Azules Copper Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders."

ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-five years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company's expertise, resources and industry network, it identified the potential of the Los Azules Copper Project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.

In 2009, TNR founded International Lithium Corp. ("ILC"), a green energy metals company that was made public through the spin-out of TNR's energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company's NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.

TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.

The Company's strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.

At its core, TNR provides significant exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules Copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the Board of Directors,

Kirill Klip
Executive Chairman

www.tnrgoldcorp.com

For further information concerning this news release please contact +1 604-229-8129

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

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "will", "could" and other similar words, or statements that certain events or conditions "may" or "could" occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR's corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining's and ILC's PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the Company's interim and annual Management's Discussion and Analysis which are available under the Company's profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98397

Fortuna Silver Mines Inc. FSM recently announced that its board of directors has provided a go-ahead for the construction of an open pit mine at the Séguéla gold project in Côte d’Ivoire. This will be the company’s fifth operating mine with first gold expected by mid-2023. It is anticipated to produce around 120,000 ounces of gold per year.

The Séguéla gold Project was added to Fortuna Silver’s portfolio when it completed the acquisition of Roxgold Inc. in July this year. Prior to the combination with Roxgold, Fortuna Silver had three mines — San Jose mine in Mexico, Lindero Mine in Argentina and Caylloma Mine in Peru. It now has operations in West Africa with the addition of Roxgold’s high-grade Yaramoko Gold Mine located in Burkina Faso and its advanced development project Séguéla Gold Project.

The Séguéla Project calls for an initial capital investment of $173.5 million. Of this, $11.5 million has been approved by the board for early works items. The company intends to commence construction immediately with long lead items procured, and development teams established on the ground. The anticipated construction schedule is around 20 months.

Concurrent with construction, the company plans to continue with well-funded drill programs to test multiple remaining targets on the Séguéla property. It is worth mentioning that over the last 12 months, the exploration team has successfully delivered gold discoveries at the Koula, Sunbird and Gabbro North prospects. Overall, the mine is expected to produce 1,028,000 ounces of gold through its expected life of around nine years. In the initial six years, the projected gold output is expected at 130,000 ounces.

The combination of Fortuna Silver and Roxgold resulted in a low-cost intermediate gold and silver producer with four operating mines in Americas and West Africa — two of the world’s fastest growing precious metals producing regions. The combined company has a projected annual gold equivalent production profile of approximately 450,000 ounces, which is expected to increase further once the Séguéla comes online. Roxgold’s Yaramoko and Séguéla are low-cost assets with low technical complexity, which will drive meaningful growth, while reducing overall costs. Fortuna Silver’s All-In Sustaining Cost is projected at approximately $950 per gold equivalent ounce, lower than nearest peers.

A strong balance sheet will enable the company to pursue other organic and external growth opportunities. The combined company will have a projected EBITDA of around $487 million in 2021 and free cash flow of $211 million. Over the 2021-2023 period, the company is expected to generate pro forma average annual EBITDA of more than $500 million. Silver will continue to be a meaningful contributor to revenues.

Price Performance

Image Source: Zacks Investment Research

Shares of the company have fallen 40.2% over the past year compared with the industry’s decline of 22.4%.

Zacks Rank & Stocks to Consider

Fortuna Silver currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space include Veritiv Corporation VRTV, Nucor Corporation NUE and Teck Resources Ltd. TECK. All of these stocks sport 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 surged a whopping 542% in a year.

Nucor has a projected earnings growth rate of roughly 534.4% for the current year. The company’s shares have rallied 107% in a year.

Teck Resources has a projected earnings growth rate of 305.3% for the current year. The company’s shares have appreciated 81% in a year.

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Fortuna Silver Mines Inc. (FSM) : Free Stock Analysis Report

Nucor Corporation (NUE) : Free Stock Analysis Report

Veritiv Corporation (VRTV) : Free Stock Analysis Report

Teck Resources Ltd (TECK) : Free Stock Analysis Report

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

VANCOUVER, British Columbia, Oct. 04, 2021 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (the “Company”) (SBB – TSX/SGSVF – OTCQX) is pleased to announce that it has closed the previously announced private placement (the “Offering”) of 7,200,822 flow-through common shares of the Company (the “FT Shares”) which were sold at a price of $1.87 per FT Share to raise gross proceeds of $13,465,576.

An amount equal to the gross proceeds from the issuance of the FT Shares will be used for Canadian exploration expenses (“CEE”) that will qualify as “flow through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), and which will be renounced with an effective date no later than December 31, 2021 to the subscribers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. The total gross proceeds from the Offering must be used to incur CEE by December 31, 2022.

The FT Shares issued under the Offering are subject to a hold period of four months and one day from the date hereof in accordance with applicable Canadian Securities laws.

Additionally, pursuant to the Shareholder Agreement between the Company and Zhaojin International Mining Co., Ltd., Zhaojin elected to maintain its 9.9% holdings in Sabina wherein it will purchase, by private placement, 892,903 Common Shares of the Company at C$1.50 per Common Share for gross proceeds of approximately $1.3 million. The Zhaojin private placement is expected to close on or about October 8, 2021. Sabina acknowledges and appreciates Zhaojin’s continued support since becoming a shareholder in 2017.

SABINA GOLD & SILVER CORP

Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.

Sabina recently filed an Updated Feasibility Study (the “UFS”) on its 100% owned Back River Gold Project which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV_5% of C$1.1B. See “National Instrument (NI) 43-101 Technical Report – 2021 Updated Feasibility Study for the Goose Project at the Back River Gold District, Nunavut, Canada” dated March 3, 2021.

The Project received its final major authorization on June 25, 2020 and is now in receipt of all major permits and authorizations for construction and operations.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.

For further information please contact:

1800-555 Burrard Street, Two Bentall Centre
Vancouver, BC V7X 1M9
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Figure 1

Outcrop of opalized sediments and silica sinter at the Big Opal target area, Midas North Project, Nevada.

Figure 2

Location of Midas North Project and other Headwater Gold Nevada projects.

Figure 3

Midas North land position, showing the principal high-level epithermal target areas in the Midas district. Hecla’s recent Green Racer discovery occurs in an analogous structural and stratigraphic setting to Midas North, with similar high-level epithermal alteration features present at the surface.

Figure 4

Headwater’s Midas North property map, showing the location of the principal target areas with rock and stream sediment sample mercury geochemistry.

Figure 5

Interpreted fossilized geyser vent within the Big Opal sinter zone. Note the silica mound surrounding the vent throat as well as the desiccation cracks on the vent walls.

VANCOUVER, British Columbia, Oct. 04, 2021 (GLOBE NEWSWIRE) — Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to announce the Company has acquired the Midas North gold-silver project (the “Project” or “Property”) in northern Nevada through claim staking.

Summary Highlights:

• Company has acquired a 100% interest in a large, undrilled epithermal alteration cell immediately north of and adjoining Hecla Mining Company’s (“Hecla”) (NYSE: HL) Midas mine;

• Widespread sinter, water table silica, and clay alteration infers a fully preserved epithermal system is present;

• Analogous geologic setting to Hecla’s Midas mine and the recent Green Racer Sinter vein discovery, where gold grades of 111.8 grams per tonne (“g/t”) and silver grades of 490 g/t Ag were intercepted over a drilled thickness of 1.4 metres (see Hecla news release dated February 18, 2021) ⁽¹⁾;

• Widespread areas of highly anomalous mercury geochemistry, which is one of the key pathfinder elements for epithermal vein exploration; and

• The Project was acquired through the staking of 199 unpatented claims on open Bureau of Land Management (“BLM”) land and is 100% owned and royalty-free.

Figure 1: Outcrop of opalized sediments and silica sinter at the Big Opal target area, Midas North Project, Nevada.
https://www.globenewswire.com/NewsRoom/AttachmentNg/58c732ff-f04c-4892-bdb5-da55ebb2eccb

Caleb Stroup, Headwater’s President and CEO, commented: “It is very rare to have the opportunity to stake such a large, untested epithermal alteration cell in a prolific high-grade Nevada mining district. The Midas mine complex immediately to the south serves as clear geologic analog, with over two million ounces of gold and over 25 million ounces of silver historically produced from high-grade epithermal veins at Midas between 1998 and 2019^{(1, 2)} by operators such as Franco-Nevada, Newmont and Hecla. The Midas North project has all the components we look for when targeting large, blind, high-grade epithermal veins. Hecla’s impressive Green Racer Sinter discovery announced earlier this year demonstrates that, despite a long history of mining, this district remains highly prospective and under-explored.”

Figure 2: Location of Midas North Project and other Headwater Gold Nevada projects.
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ebf2519-1e5c-4440-83b7-2250616524b5

About the Midas District:

The Midas North project is located in the Midas District of northern Nevada, approximately 100 kilometres north of the town of Winnemucca and directly adjoins Hecla Mining’s Midas mine complex. In 1994 an array of high-grade banded epithermal veins were discovered and historic production from the Midas mine was initiated by Franco-Nevada Corporation in 1998, with historic reserves of 2.46 million tonnes at a grade of 38.2 g/t Au^(1),(2). Mining continued until 2019 when Hecla elected to temporarily halt production as a result of decreasing head grade. Existing infrastructure at the Midas mine includes a 1,200 ton per day mill, several production water wells, high voltage power, and a fleet of underground mining equipment.

Mineralization in the Midas area is related to mid-Miocene bimodal volcanism associated with the Northern Nevada Rift and is analogous to high-grade low-sulfidation epithermal veins in Northern Nevada including Sleeper, Fire Creek, and Hollister. Gold and silver mineralization in the Midas district typically occurs in sub-vertical banded low-sulfidation epithermal vein arrays, the most significant being the Colorado Grande vein in the central Midas mine area.

In February 2021, Hecla announced the discovery of a new high-grade vein system in a previously undrilled area, approximately 3 km southeast of the main mine area. This new discovery is reported to occur beneath a mapped exposure of geyserite sinter which was correctly identified as a surface venting feature of an epithermal vein system. This discovery highlights the potential for future exploration in the greater Midas district, targeting blind veins beneath widespread high-level epithermal alteration.

Figure 3: Midas North land position, showing the principal high-level epithermal target areas in the Midas district. Hecla’s recent Green Racer discovery occurs in an analogous structural and stratigraphic setting to Midas North, with similar high-level epithermal alteration features present at surface.
https://www.globenewswire.com/NewsRoom/AttachmentNg/b5e4476a-03ed-4f07-8765-bd2fdbd3a817

About the Midas North Project:

Headwater’s Midas North project area covers a large hydrothermal alteration cell, extending at least 4 kilometres in strike and 1 kilometre in width, which is interpreted by Headwater geologists as representing the high-level manifestations of an epithermal precious metal system. This system occurs approximately 10 kilometres along strike north of the Midas mine. The Headwater Project consists of 199 unpatented mining claims on BLM land and covers approximately 1,530 hectares.

Figure 4: Headwater’s Midas North property map, showing the location of the principal target areas with rock and stream sediment sample mercury geochemistry.
https://www.globenewswire.com/NewsRoom/AttachmentNg/f1858a7c-f03c-4881-8124-36804b1ed5b9

Two priority target areas have been identified by Headwater geologists in the field: the Nevada Grande target and Big Opal target areas (Figure 4), both of which exhibit widespread high-level chalcedonic to opaline silica flooding, clay alteration, and local sinter formation. The Nevada Grande target area consists of a ridge forming, linear zone of chalcedonic and opaline silicification over an approximately 1 km strike extent, interpreted to be the high-level manifestations of a potential epithermal feeder structure. The Big Opal target area consists of a widespread zone of sub-horizontal opaline and chalcedonic silica flooding, with localized occurrences of interpreted near-vent sinter facies, such as fossilized geyser vents (Figure 5). To date, 90 rock chip samples and 54 stream sediment samples have been collected by the Company from the Project area. This limited initial sampling as already highlighted several priority areas of anomalous precious metal values, with highly anomalous values of important epithermal pathfinder elements, such as mercury.

The Project area has seen very limited historic exploration. Although the Project was reportedly staked by Newmont Corporation in the past, Headwater is not aware of any historic exploration drilling on the property. Headwater geologists are currently planning an expanded multi-disciplinary surface exploration program which will be carried out in late 2021 and into 2022 with a goal of identifying additional high-priority drill targets. This program is expected to include detailed geologic mapping, rock chip sampling, systematic soil sampling, airborne magnetics, airborne radiometrics, and ground based resistivity profiles.

Figure 5: Interpreted fossilized geyser vent within the Big Opal sinter zone. Note the silica mound surrounding the vent throat as well as the desiccation cracks on the vent walls.
https://www.globenewswire.com/NewsRoom/AttachmentNg/c1aad06b-e571-49d0-9b93-9be2b56d2329

Update on Other Exploration Activities:

Spring Peak Project

Assays from five holes are pending from the Spring Peak drill program, which was completed earlier this month (see news release dated September 15, 2021). The Company expects assay results some time during the second half of October.

Highland Project

The Company has received assay results from the Highland drill program which was completed in early August (see news release dated August 10, 2021). No significant high-grade vein intercepts were encountered in the initial seven-hole program. The Company believes the high-priority targets in the district have been adequately tested and the underlying property owner has been notified of Headwater’s intention to terminate its option agreement. The decision to terminate the option is in-line with the Company’s disciplined exploration strategy of pursuing high-impact discoveries by testing high-quality targets as quickly and cost-effectively as possible.

Mahogany and Katey Projects

Federal and state drill permits have been received for the Company’s 100% owned Katey and Mahogany Projects in eastern Oregon. A Boart Longyear diamond drill rig is scheduled to mobilize to the Mahogany Project in mid-October, where the focus will be testing multiple vein targets along the Main Ridge Fault zone, which locally contains high-grade gold values in surface sampling, up to 170 g/t Au. Following the conclusion of drilling at Mahogany, the rig is scheduled to move to the Katey Project.

Sample Quality Control:

Drilling at Highland was conducted by Boart Longyear using a wheel-mounted reverse circulation drill rig. The drill chips were logged on site and at Company offices in Reno, Nevada. Drilling totalled 2,097 metres, and 1,376 original samples were collected. Samples were transported from site to American Assay Laboratories (“AAL”), located in Sparks, Nevada by American Assay personnel. Prior to dispatch, samples were placed in numbered bags with regular insertion of blind internationally certified reference materials, blanks, or a sample duplicate. American Assay Laboratories are an accredited analytical laboratory meeting ISO/IEC 17025:2017 and AC89 IAS requirements. Samples were prepared by standard AAL crushing and grinding methods. The pulps were then assayed for 21 elements via AAL method ICP-2AM21 using a 0.5 g sample after a two acid near total digest with an ICP-OES/MS finish. Gold was assayed by fire assay using AAL method FA-Pb30 using a 30g sample charge and ICP-OES finish. Laboratory standards and QA-QC are monitored by the Company.

About Headwater Gold:

Headwater Gold Inc. is a technically-driven mineral exploration company focused on exploring for high-grade precious metal deposits in the Western USA. Headwater is aggressively exploring one of the most well-endowed and mining-friendly jurisdictions in the world with a goal of making world-class precious metal discoveries. Headwater has a large portfolio of epithermal vein exploration projects, and a technical team composed of experienced geologists with diverse capital markets, junior company, and major mining company experience. The Company is systematically drill testing several of its 100% owned projects in Nevada, Idaho, and Oregon.

For more information, please visit the Company's website at www.headwatergold.com.

On Behalf of the Board of Directors

"Caleb Stroup"
President & CEO

For further information, please contact:

Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
bzerb@headwatergold.com

Qualified Person
The technical information contained in this news release has been reviewed and approved by Mr. Derrick Strickland, P.Geo. (1000315), a “Qualified Person” (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

1. The Qualified Person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties. Historical resource estimates are treated by the Company as historical in nature, and not current.

2. Goldstrand, P.M., and Schmidt, K.W., 2000, Geology, mineralization, and ore controls at the Ken Snyder gold-silver mine, Elko County, Nevada, in Cluer, J.K., Price, J.G., Struhsacker, E.M., Hardyman, R.F., and Morris, C.L., eds., Geology and Ore Deposits 2000: The Great Basin and Beyond: Geological Society of Nevada Symposium Proceedings, May 15-18, 2000, p. 265-287.

Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans. the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated May 26, 2021 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.

GRAND BAIE, Mauritius, Oct. 04, 2021 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin¹ from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following operational and exploration update for the quarter ended September 2021:

• Record Q3 EBITDA guidance of US$53m, up 56% from prior quarter

• Contained tin production up 17% from the prior quarter to 2,832 tons

• Net debt-free at 30 September 2021 (Net debt 30 June 2021: US$29.5m)

• Mpama South drilling continues to intercept significant visual mineralisation

Operational and Financial Summary for the Quarter ended September 2021²

__________________________
¹Data obtained from International Tin Association Tin Industry Review 2020. ²Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. ³Q3 2021 EBITDA represents management’s guidance. All numbers are rounded.

Operational and Financial Performance

Contained tin production of 2,832 tons is 17% above the previous quarter. Underground mining practices relating to stope planning, delineation and blasting were significantly improved from mid July 2021. This resulted in an average tin grade of 3.8% processed during August and September 2021 with an average of 3.5% for the quarter. In addition to improved grade control, run-of-mine volumes and waste development increased by 5% quarter-on-quarter.

The benefit of the newly commissioned Fine Tin Plant increased overall processing recoveries by 5% to 75%.

EBITDA guidance of US$53m for Q3 2021 is 56% higher than the previous quarter’s actual as a result of increased tin production and sales volumes, together with a higher tin price.

The Company moved to a net cash position at 30 September 2021 compared to a net debt position of US$29.5m the previous quarter. Our intention is to fully settle the outstanding senior loan of US$36m during October 2021. The Board will establish an appropriate treasury strategy during Q4 2021 with the objective of balancing capital allocations between ongoing exploration drilling, the potential fast-track development of the Mpama South deposit and shareholder distributions.

Alphamin’s unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 September 2021 is expected to be released on or around 10 November 2021.

Exploration Activities

Three phases of drilling comprising 16,040m (64 holes) have been completed on the Mpama South deposit since December 2020. Independent laboratory assay results have been released to the market for 39 holes. An additional 21 drill hole assay results are expected to be released to the market during October 2021. Phases 1 and 2 and the recently completed Phase 3 have exceeded expectations with both strike and depth continuation of significant visually observed mineralised cassiterite lodes. A fast-tracked Phase 4 drilling program of 8,000m has commenced in mid-September. This program includes an additional third drill rig and is targeting completion by year end 2021. Drilling comprising 18,500m is intended to form the basis of a Maiden Mineral Resource estimate, which is expected to be announced by year end 2021.

Drilling at the Mpama North orebody commenced in July 2021 for an initial 15,000 metre (22 hole) drilling campaign to test the strike and dip extension of the current producing orebody. The first deep holes aggressively targeted as far as 225m further along strike and 200m deeper than the deepest historical drilling. Thickening of the various lithologies in the hanging wall, increased structural intricacy, and hole deviation at depth, delivered mixed results. While tell-tale altered and cassiterite mineralised lithologies were intercepted, they were not to the levels associated with the ore horizon currently being mined. Drilling activities are now focusing on extensions closer to previous higher-grade intercepts of the Mpama North orebody and will work outwards from there along strike and at depth.

In addition to Mpama North and Mpama South, drilling on the highly prospective Bisie ridge (13km strike length), which falls within the Company’s mining licence, is expected to commence on delivery of additional drill rigs. An extensive tight-spaced soil sampling program along the ridge has been on-going since Q1 2021 to assist new target generation. New pathfinder elements such as uranium and tungsten, in addition to previously known elements, appear strongly correlated to outcrop and artisanal workings at Mpama North and Mpama South. In conjunction with this exercise, the Company’s structural specialists, TECT Geological Consulting, identified several high potential drill targets less than 8km from the current operating mine which match and are co-incident with the soil sampling results.

Qualified Persons

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company.

Mr. Jeremy Witley, Pr. Sci. Nat., B.Sc. (Hons.) Mining Geology, M.Sc. (Eng.), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the exploration information contained in this news release. He is a Principal Mineral Resource Consultant of The MSA Group (Pty.) Ltd., an independent technical consultant to the Company.
__________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith
CEO
Alphamin Resources Corp.
Tel: +230 269 4166

E-mail: msmith@alphaminresources.com

__________________________

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to the timing of the release of independent assay results from exploration drilling; the intention to pay off in full outstanding senior debt; the future allocation of surplus cash; expected future EBITDA for Q3 2021 and the timing and success of exploration drilling outcomes. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties associated with Alphamin’s resource and reserve estimates, uncertainties and risks regarding the economic viability of the Mpama South deposit prior to the release of a maiden resource and completion of feasibility studies, uncertainties regarding estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterrupted access to required infrastructure and third party service providers, adverse political events, impacts of the global Covid-19 pandemic on mining operations and commodity prices as well as those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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 news release.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

NET DEBT AND NET CASH

Net debt is defined as total current and non-current portions of interest-bearing debt and lease liabilities less cash and cash equivalents. Net cash is defined as cash and cash equivalents less total current and non-current portions of interest-bearing debt and lease liabilities.

BEDFORD, NS / ACCESSWIRE / October 4, 2021 / Silver Spruce Resources Inc. (TSXV:SSE)(FRA:S6Q1) announced today that it has closed its private placement for proceeds of $1,205,800. The private placement consisted of the issuance of 24,116,000 units at a price of $0.05 per unit with each unit consisting of one common share and a warrant to purchase an additional common share at an exercise price of $0.075 per share on or before September 29, 2024.

The securities issued pursuant to the private placement have a hold period expiring on January 30, 2022.

Finder's fees of $2,935 were paid on the private placement.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed a Definitive Agreement to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Michael Kinley, CEO and Director
(902) 402-0388
mkinley@silverspruceresources.com
info@silverspruceresources.com
www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/666752/Silver-Spruce-Closes-Private-Placement-of-1205800

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Five9 Inc (NASDAQ:FIVN).

Five9 Inc (NASDAQ:FIVN) shares haven't seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 45 hedge funds' portfolios at the end of June. Our calculations also showed that FIVN isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). At the end of this article we will also compare FIVN to other stocks including CRISPR Therapeutics AG (NASDAQ:CRSP), Teck Resources Ltd (NYSE:TECK), and Iron Mountain Incorporated (NYSE:IRM) to get a better sense of its popularity.

According to most traders, hedge funds are assumed to be slow, outdated investment tools of yesteryear. While there are greater than 8000 funds in operation today, We choose to focus on the top tier of this group, approximately 850 funds. These money managers administer bulk of the smart money's total asset base, and by keeping track of their matchless stock picks, Insider Monkey has brought to light a few investment strategies that have historically beaten the broader indices. Insider Monkey's flagship short hedge fund strategy exceeded the S&P 500 short ETFs by around 20 percentage points per year since its inception in March 2017. 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 .

Charles Clough of Clough Capital Partners

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now let's take a look at the recent hedge fund action surrounding Five9 Inc (NASDAQ:FIVN).

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

At the end of the second quarter, a total of 45 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 0% from one quarter earlier. On the other hand, there were a total of 44 hedge funds with a bullish position in FIVN a year ago. So, let's find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

According to Insider Monkey's hedge fund database, Alkeon Capital Management, managed by Panayotis Takis Sparaggis, holds the number one position in Five9 Inc (NASDAQ:FIVN). Alkeon Capital Management has a $553.7 million position in the stock, comprising 0.8% of its 13F portfolio. The second largest stake is held by Whale Rock Capital Management, managed by Alex Sacerdote, which holds a $523.2 million position; 3.4% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors that hold long positions comprise Amish Mehta's SQN Investors, Steve Cohen's Point72 Asset Management and Christopher Lyle's SCGE Management. In terms of the portfolio weights assigned to each position Calixto Global Investors allocated the biggest weight to Five9 Inc (NASDAQ:FIVN), around 11.52% of its 13F portfolio. SQN Investors is also relatively very bullish on the stock, setting aside 8.96 percent of its 13F equity portfolio to FIVN.

Judging by the fact that Five9 Inc (NASDAQ:FIVN) has witnessed bearish sentiment from the entirety of the hedge funds we track, it's easy to see that there exists a select few money managers that decided to sell off their positions entirely last quarter. At the top of the heap, Chuck Royce's Royce & Associates dumped the biggest investment of the "upper crust" of funds followed by Insider Monkey, totaling close to $6.7 million in stock. Sheetal Sharma's fund, Collaborative Holdings Management, also said goodbye to its stock, about $4.3 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let's now review hedge fund activity in other stocks similar to Five9 Inc (NASDAQ:FIVN). We will take a look at CRISPR Therapeutics AG (NASDAQ:CRSP), Teck Resources Ltd (NYSE:TECK), Iron Mountain Incorporated (NYSE:IRM), InterContinental Hotels Group PLC (NYSE:IHG), Black Knight, Inc. (NYSE:BKI), Ozon Holdings PLC (NASDAQ:OZON), and Dr. Reddy's Laboratories Limited (NYSE:RDY). This group of stocks' market values match FIVN's market value.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position CRSP,34,1761605,7 TECK,40,1277433,10 IRM,25,81927,9 IHG,6,10475,-2 BKI,33,995228,-7 OZON,19,190660,2 RDY,11,188216,-1 Average,24,643649,2.6 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $644 million. That figure was $2151 million in FIVN's case. Teck Resources Ltd (NYSE:TECK) is the most popular stock in this table. On the other hand InterContinental Hotels Group PLC (NYSE:IHG) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Five9 Inc (NASDAQ:FIVN) is more popular among hedge funds. Our overall hedge fund sentiment score for FIVN is 83.7. 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 gained 22.9% in 2021 through October 1st and still beat the market by 5.6 percentage points. Unfortunately FIVN wasn't nearly as popular as these 5 stocks and hedge funds that were betting on FIVN were disappointed as the stock returned -8.8% since the end of the second quarter (through 10/1) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market since 2019.

Get real-time email alerts: Follow Five9 Inc. (NASDAQ:FIVN)

Suggested Articles:

• 10 Best American Dividend Stocks to Invest In

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

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International Paper Company IP recently completed its previously announced separation and spin-off of its global printing papers business, which is now operating as Sylvamo Corporation and trading under the symbol "SLVM” on the New York Stock Exchange. This move makes International Paper a more-focused corrugated packaging and absorbent cellulose fibers company serving attractive segments, which in turn will increase the scope to augment earnings and cash generation.

On Oct 1, each International Paper shareholder received one share of Sylvamo common stock for 11 shares of International Paper common stock held on Sep 15, 2021. International Paper now owns approximately 19.9% of the outstanding shares of Sylvamo common stock.

Last December, International Paper announced its plan to spin-off its Printing Papers segment into a standalone, publicly-traded company. It has been subsequently named Sylvamo, with headquarters planned in Memphis, TN. This move will enable International Paper to focus on its Industrial Packaging segment, and capitalize on the growing demand for corrugated packaging, cut costs and improve earnings. International Paper now expects to generate around $17 billion in annual sales, with 85% stemming from Industrial Packaging and the balance from Global Cellulose Fibers.

The separation is a prudent move for International Paper, as paper demand has been eroding thanks to the transition to digital media and paperless communication. The company has been witnessing a decline in commercial printing due to the significant pullback in print advertising. The coronavirus pandemic induced closure of schools, offices and businesses dealt another blow by impacting paper consumption. Even though demand for printing papers has picked up lately, as offices and schools have resumed, it still remains below prior-year levels.

International Paper is riding on the surging demand for corrugated and containerboard packaging, as it plays a key role in the supply chain to deliver essential products to consumers. It will continue to benefit from the growing e-commerce demand as it has become a primary spending channel for customers owing to the containment measures amid the pandemic. The company has focused its efforts on streamlining and simplifying its organization to form a packaging-focused company and capitalize on the current trend in demand.

The company has been redesigning processes to increase efficiency and reduce costs in maintenance and reliability, distribution and logistics, and sourcing. It is also identifying opportunities to optimize fleet of assets to make the right products and own the right assets to strengthen cost position. International Paper is committed to delivering $350-$400 million in incremental earnings by the end of 2023. This includes $50-$100 million of incremental annual earnings growth and $300 million in structural cost reductions.

Price Performance

Image Source: Zacks Investment Research

International Paper’s shares have gained 28.6% in a year’s time against the industry’s growth of 37.5%.

Zacks Rank & Stocks to Consider

International Paper currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space include Veritiv Corporation VRTV, Nucor Corporation NUE and Teck Resources Ltd. TECK. All of these stocks sport 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 appreciated 542% in a year.

Nucor has a projected earnings growth rate of roughly 534.4% for the current year. The company’s shares have rallied 107% in a year.

Teck Resources has a projected earnings growth rate of 305.3% for the current year. The company’s shares have gained 81% in a year.

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To read this article on Zacks.com click here.

Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (the "Company" or "GoviEx"), today announced that its CEO, Daniel Major, will present at the TD Securities Virtual Uranium Roundtable on Thursday, October 7, 2021 at 11:05am EST. The presentation will consist of a 15-minute formal description of the Company and its financial position, followed by a 10-minute Q&A session. GoviEx welcomes stakeholders, investors, and other individual followers to attend this live event by registering here: https://bit.ly/3iw6CFu

About GoviEx Uranium Inc.
GoviEx (TSXV: GXU) (OTCQB: GVXXF), is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Contact Information
Isabel Vilela
Head of Investor Relations and Corporate Communications
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Note to United States Persons: The disclosure contained herein does not constitute an offer to sell or the solicitation of an offer to buy securities of GoviEx Uranium Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98499

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.

The Winning Strategy

In addition to the above-mentioned ratios, we have added a favorable Zacks Rank — Zacks Rank #1 (Strong Buy) — to the screen intending to make this strategy more profitable. You can see the complete list of today’s Zacks #1 Rank stocks here.

Operating Margin, Asset Utilization, Inventory Turnover and Receivables Turnover greater than industry average.

(Values of these ratios higher than industry averages may indicate that the efficiency level of the company is higher than its peers.)   

The use of these few criteria narrowed down the universe of more than 7,906 stocks to 17.

Here are the top three stocks that made it through the screen:

Ternium S.A. TX is the leading producer of flat and long steel products in Latin America. It has an average four-quarter earnings surprise of 77.1%.

Centrus Energy Corp. LEU is a supplier of enriched uranium fuel for commercial nuclear power plants. It has an average four-quarter earnings surprise of 231.8%.

Sanderson Farms, Inc. SAFM is a poultry processing company that produces, processes, markets and distributes fresh and frozen chicken products. It has an average four-quarter earnings surprise of 496.3%.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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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.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance

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

Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that due to additional demand from investors, the Company's non-brokered private placement announced on September 17, 2021 of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") has been increased for gross proceeds of up to $3,100,000 (the "Offering"). The Offering will be available to Canadian and international accredited investors. Red Cloud Securities Inc. of Toronto, Ontario, has agreed to act as a finder for ALX for the Offering.

Up to 13,333,333 FT Units are offered at a price of $0.105 per FT Unit consisting of one flow-through common share and one half of one non flow-through common share purchase warrant, and up to 17,894,736 NFT Units are offered at a price of $0.095 per NFT Unit consisting of one common share and one common share purchase warrant. One whole common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering. One common share purchase warrant from the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering.

Finder's fees will be payable to Red Cloud and other qualified finders in connection with the Offering consisting of 7.0% cash and 7.0% finder's warrants, with each finder's warrant exercisable at price of $0.095 for a period expiring 24 months following the closing date of the Offering. All the securities issuable will be subject to a four-month hold period from the date of closing, which is expected to occur on or about October 8, 2021.

Proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan uranium and gold properties, and on its Ontario nickel and copper properties. Proceeds from the sale of NFT Units will be used for general working capital.

About ALX

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

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

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

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

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

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

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98540

Investors in Peabody Energy BTU need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 19, 2021 $15.00 Call had some of the highest implied volatility of all equity options today.

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BOISE, Idaho, October 04, 2021–(BUSINESS WIRE)–Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the second quarter of fiscal 2021, which ended September 11, 2021, before the market opens on Monday, October 18, 2021. ACI will host a conference call that day at 8:30 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The conference call will be available at the following address by accessing the "Events & Presentations" link included therein:

http://albertsonscompanies.com/investors

A replay of the conference call will be available for at least two weeks following completion of the call.

About Albertsons Companies

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. Albertsons Companies operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci’s Food Lovers Market.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211004005066/en/

Contacts

Melissa Plaisance
melissa.plaisance@albertsons.com | 925-226-5115