Toronto, Ontario–(Newsfile Corp. – September 30, 2021) – GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot" or the "Company"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by MacDonald Mines Exploration Ltd. (TSXV: BMK) (OTC Pink: MCDMF) ("MacDonald Mines") to assist in the exploration of MacDonald Mines' 100%-owned SPJ Project in Northern Ontario.

GoldSpot will help delineate drill-ready targets for high-grade gold mineralization, as well as identify prospective areas regionally. GoldSpot will homogenize, integrate, process, and interpret exploration datasets such as geological maps, drill logs, geophysics, surface and downhole geochemistry, and structural data. The interpreted and derived products will be used as input layers to GoldSpot's proprietary AI (machine learning) techniques, which will be validated by the Company's team of expert geoscientists, in collaboration with MacDonald Mines' technical team.

Stuart Adair, Interim Chief Executive Officer of MacDonald Mines, stated, "We are delighted to welcome GoldSpot as a strategic service provider of MacDonald Mines. The SPJ Project will benefit tremendously from the assistance of GoldSpot's technologies and data-driven approach to exploration. Our team looks forward to working with the GoldSpot team to evaluate and unlock the potential of the SPJ Project."

Denis Laviolette, Executive Chairman and President of GoldSpot, stated, "GoldSpot is excited to provide our proprietary technology to MacDonald Mines. The size of the SPJ Project's land package is substantial and we believe the large number of potential targets on the property are ripe for further analysis and refining under our team's technological and geological guidance."

GoldSpot works with leading exploration and mining clients across all commodities and deposit types, using cutting-edge technology and geoscientific expertise to mitigate exploration risks and significantly increase the efficiency and success rate of mineral exploration across resources.

About MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK". The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 19,380 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it. To learn more about MacDonald Mines, please visit www.macdonaldmines.com.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves time, reduces costs and provides accurate results.

For further information please contact:
Denis Laviolette
Executive Chairman and President
GoldSpot Discoveries Corp.
Tel: 647-992-9837
Email: investors@goldspot.ca

Cautionary Statement on Forward-Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98062

Strategic partnership making Bambuser and live shopping a European showcase for innovative retail

PARIS, Sept. 30, 2021 /PRNewswire/ — Bambuser today announced that it has been selected to join Echangeur BNP Paribas Personal Finance, a unique program dedicated to the future of retail and consumer experiences. As a partner of the initiative, operated by the leading provider of credit and other financial services to individuals across Europe, Bambuser's Live Video Shopping technology will represent the future of commerce at the Echangeur center of innovation in Paris. Bambuser's technology will be on continuous display for business leaders touring the showroom. Additional benefits to Bambuser include increased exposure to the program's large network of customers and prospects, and access to Club de l'Echangeur, a space reserved for retail customers in France, Portugal, Spain, Italy, UK, and Sweden.

The Echangeur program was established in 1997 as a strategy incubator for companies needing insights during a period of rapid digital transformation throughout the business world. The program continues to offer businesses a look into the future of retail from its facilities, with a 100 square meter demonstration area highlighting the latest technological developments of innovators driving the evolution of the customer journey. Echangeur also regularly publishes reports that put into perspective the technological and service innovations moving the world of commerce.

The partnership closely follows Bambuser's selection for La Maison des Startups LVMH, the technology accelerator for LVMH Moët Hennessy Louis Vuitton (LVMH), which gives the company a dedicated space in Paris' Station F startup campus.

"As Bambuser's rapid growth continues, it's important for us to expand on our current leadership position throughout Europe and be present in our key markets," said Sophie Abrahamsson, Chief Commercial Officer of Bambuser. "We are confident that, by partnering with one of the largest banks in Europe and working directly with the largest luxury conglomerate in the world, we are establishing Bambuser as the leading B2B livestream shopping provider in France and beyond."

Contact information
Corporate Communications, Bambuser AB | +46 8 400 160 00 | press@bambuser.com

Certified Adviser
Erik Penser Bank AB | +46 8 463 83 00 | certifiedadviser@penser.se

About Bambuser

Bambuser is a software company specializing in interactive live video streaming. The Company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps, and social media. Bambuser was founded in 2007 and has its headquarters is in Stockholm.

About Echangeur BNP Paribas Personal Finance

Echangeur BNP Paribas Personal Finance is a technological and marketing center that analyses the latest trends in retail and anticipates their impacts on commerce. It is a reference for all the companies, which aim to innovate right by getting inspiration from the best practices in retail and the new usages of consumers. Its experts help you to build a best in class vision thanks to an immersive and innovative approach in customer relationship. Their analyses are based on returns on experiences, best practices and emerging trends.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bambuser/r/bambuser-joins-echangeur-bnp-paribas–strengthening-the-presence-in-the-french-market,c3424398

The following files are available for download:

Sept 30 (Reuters) – Albemarle Corp said on Thursday it would buy China-based Guangxi Tianyuan New Energy Materials Co Ltd, a lithium converter, for about $200 million as the company looks to increase its lithium conversion capacity.

Demand for battery-grade lithium compounds are expected to increase, especially in transportation, as governments and individual consumers try to reduce their carbon footprint.

Tianyuan's operations include a recently constructed lithium processing plant near the Port of Qinzhou in Guangxi, China. The plant is expected to begin commercial production in the first half of 2022.

Albemarle, the world's top lithium producer, said it expected the deal to close in early next year.

Earlier this month, the company said it expects a steep jump in 2022 earnings, as global efforts to combat climate change drive a surge in demand for the battery component used in electric vehicles. (Reporting by Sahil Shaw in Bengaluru; Editing by Shailesh Kuber)

MONTREAL, Sept. 30, 2021 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that InnovExplo Inc. of Val-d'Or has been awarded the mandate to conduct a structural geology study of the Aquilon gold property in Eeyou Istchee James Bay, Quebec. The study will be initiated in the coming days by an InnovExplo structural specialist accompanied by Sirios’ geologists. The field work on the property will also allow Sirios' geologists to examine the logistics required to carry out an overburden stripping program on the sectors where the gold in soil anomalies, as recently announced (press release 13/09/2021), have been identified.

Corrections to press releases dated September 1 and September 17, 2021
In Sirios' press release dated September 1, 2021 regarding the closing of the first tranche of a flow-through private placement, the amount of finder's fees paid to intermediaries for the first tranche should have read $30,000 instead of $14,000. In addition, in the press release dated September 17, 2021 regarding the closing of the second and final tranche, the total amount of finder's fees paid to intermediaries for the first and second tranches should have read $30,280 instead of $16,280.

About the Aquilon Property
The property includes more than thirty gold showings on surface, including some with very high grades, most notably 560 g/t Au over 0.49m, 834 g/t Au over 1.71m and 3,230.89 g/t Au over 0.8m (ref.: press releases 02/12/2014; 01/01/2011; 26/06/2008). The property has been drilled extensively over the years, however the vast majority of these holes averaged less than 60 metres and were focused directly on four main showings when the project was managed by its partner at the time. Sirios has completed a recompilation of all available data and is proposing a new exploration program for the property which is considered to have excellent potential.

The Aquilon property, held 100% by Sirios, is comprised of 140 claims covering nearly 70 km². It is located about 490 km east of Radisson and is easily accessible by an all season road via the Trans-Taiga highway through the Eeyou Istchee James Bay region.

More information on the property is available in the Sirios corporate presentation, available at the following link: Présentation corporative Sirios – Septembre 2021.

Roger Moar, P.Geo. and Dominique Doucet, P.Eng. qualified persons under NI 43-101 prepared and verified the technical information in this press release and reviewed the final version of the text.

About Sirios
A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada, Sirios Resources Inc. is focusing primarily on its Cheechoo gold discovery, while actively exploring the gold potential of its other properties.

About InnovExplo
InnovExplo Inc. is a consulting firm providing services in mineral exploration and mining engineering. Since its founding in 2003, InnovExplo has carried out multiple projects in an innovative way in Canada and internationally. Its knowledge of geology and mining engineering has been developed based on the field experience of a multidisciplinary team combined with the use of state-of-the-art software technology.

Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws based on expectations, estimates and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties and other factors that could cause actual events, results, performance, expectations and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to: capital and operating costs that differ materially from estimates; the tentative nature of metallurgical test results; delays or failures in obtaining required governmental, environmental or other approvals; uncertainties related to the availability and cost of necessary financing in the future changes in financial markets; inflation; fluctuations in metal prices; delays in project development; other risks relating to the mineral exploration and development industry; and risks disclosed in public filings of the Company on SEDAR at www. sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements contained in this news release are reasonable, readers should not place undue reliance on this information, which speaks only as of the date of this news release, and there can be no assurance that such events will occur or occur within the time periods presented. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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

Contact :
Dominique Doucet, President, CEO, Eng.
Tel.: (514) 918-2867
ddoucet@sirios.com
website : www.sirios.com

Shares of Lithium Americas (NYSE: LAC) shot up on Thursday, closing the day up 8.9% thanks to an analyst turning bullish about the lithium market and lithium stocks. JPMorgan initiated coverage on Lithium Americas stock with a price target of $28 a share. JPMorgan foresees strong lithium markets over the next decade driven by rising demand and prices, and believes Lithium Americas is well poised to take advantage of that.

MELBOURNE, Sept 30 (Reuters) – Rio Tinto Plc has declared force majeure on some copper cathode contracts after shutting the smelter at its Kennecott mine in the United States following an accident on last week, a spokesperson said on Thursday.

"The work needed to safely restart operations at the smelter is currently being assessed. We are working closely with our customers to minimise any impacts," the spokesperson said in emailed comments.

Rio Tinto said it had declared force majeure on some contracts for copper cathode and acid after the Kennecott smelter was shut due to a release of molten copper on Sept. 21.

Force majeure is triggered when a company cannot meet its contract obligations due to unforeseen circumstances.

Kennecott, in Utah, produced 82,100 tonnes of refined copper in the first half of 2021. (Reporting by Sonali Paul; Editing by Lincoln Feast)

Fancamp’s AGM will take place on Tuesday, October 5, 2021 at 10:00 a.m. ET.

Shareholders are encouraged to vote on the GOLD proxy FOR Fancamp’s director nominees.

If you have any questions or need help voting, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

VANCOUVER, British Columbia, September 30, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) would like to correct the inaccurate statements in Mr. Peter H. Smith’s September 27, 2021 press release and reiterate the facts from the Corporation’s recent developments.

ScoZinc Transaction Terminated

As announced on September 16, the proposed business combination with ScoZinc Mining Ltd. ("ScoZinc") has been terminated. Instead, Fancamp will become a shareholder of ScoZinc by way of a private placement, which will allow Fancamp to save from paying the termination fee and benefit from ScoZinc’s significant near-term production potential and corporate upside in today’s strong commodity environment. The foregoing is subject to regulatory approval.

Moving Forward with a Refreshed Board and Strategic Plan

Following the annual general meeting ("AGM"), which will take place on Tuesday, October 5, 2021 at 10:00 a.m. ET, Fancamp’s highly experienced Board of Directors (the "Board") will advance the Corporation’s strategic plan focused on exploration properties, titanium technology and strategic alternatives. Additional details regarding exploration program will be announced in the near future.

In light of the recent court decision in favour of Fancamp, shareholders have expressed a clear desire to move forward with this clear and united corporate strategy and take advantage of a unique and strategic project portfolio. The agreement with Mr. Ferron and certain other shareholders confirms this position and aligns the interests of shareholders with the Board and management, and Fancamp looks forward to a bright new future.

Mr. Smith and Others' Unreasonable Attempts to Extort Over $1 Million in Fees

Fancamp remains open to reaching further agreements with Mr. Smith and others for the benefit of all shareholders; however, it will not accommodate unreasonable attempts to extort extravagant fees and excessive costs.

Mr. Smith started this proxy fight to regain control of the Corporation and has indicated he will use Fancamp’s treasury to personally repay himself and others for expenses. The Corporation understands Mr. Smith will seek over $1 million to repay himself and others for the needless and avoidable proxy fight he started. This is not in the interests of all shareholders.

Vote Your Gold Proxy by 10:00 a.m. ET on Friday, October 1, 2021

Shareholders are encouraged to continue voting on the GOLD proxy FOR Fancamp’s director nominees. If you have any questions or need help voting, please contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

AGM:

• Date and Time: Tuesday, October 5, 2021 at 10:00 a.m. ET

• In Person: Hotel Fairmont The Queen Elizabeth, 900 René-Lévesque Blvd W., Montreal

• Live Webcast: https://web.lumiagm.com/218675958

Shareholders as of the record date of Friday, May 28, 2021 are eligible to vote at the AGM.

Advisors

Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210930005281/en/

Contacts

For Further Information

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

TORONTO, Sept. 30, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) announces the issuance of 96,150,000 common shares of the Company (the “Conversion Shares”) in full satisfaction of its US$15 million amended and restated loan agreement (the “Loan Agreement”) held by Wyloo Canada Holdings Pty Ltd. (Wyloo). The number of shares were derived using the USD – CAD exchange rate on the day prior to the effective date of conversion being September 22, 2021 and using the conversion price of $0.20 per share as stipulated in the Loan Agreement.

The Company will also be paying the final interest payment due under the loan agreement of $350,789 for the period from July 1, 2021 to September 22, 2021 by the delivery of 468,969 common shares of the Company (the “Interest Shares”) at an effective price of $0.748 per Interest Share, subject to Exchange acceptance. The Interest Shares will be subject to a four month hold period expiring on February 2, 2022.

The calculation of the number of Interest Shares to be issued is based on the volume weighted average trading price of the common shares of the Company during the 20 trading days prior to September 22, 2021.

After giving effect to the issuance of the Conversion and Interest Shares, there will be 559,536,300 common shares of the Company issued and outstanding and Wyloo will hold a direct interest of 37.25% in the Company.

About Noront Resources

Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com

Contact Information

Horizonte Secures Credit Approval for US$346.2 Million Senior Debt Facility for the Development of the Araguaia Project

LONDON, UK / ACCESSWIRE / September 30, 2021 / Horizonte Minerals Plc, (AIM:HZM)(TSX:HZM) ("Horizonte" or "the Company") the nickel company focused in Brazil is pleased to announce that it has received credit approvals from a syndicate of five international financial institutions (the "Senior Lenders") in addition to the previously announced approval by the two export credit agencies (the "ECAs") for a senior secured project finance facility (the "Senior Debt Facility") of up to US$346.2 million to fund the construction and development of its Araguaia ferro-nickel project ("Araguaia" or the "Project").

The Senior Lenders are BNP Paribas Securities Corp ("BNPP"), ING Capital LLC ("ING"), Natixis, New York Branch ("Natixis"), Société Générale ("SocGen"), and Swedish Export Credit Corporation ("SEK"). The ECAs are EKF, Denmark's Export Credit Agency ("EKF") and Finnvera plc, Finland's Export Credit Agency ("Finnvera").

The Senior Debt Facility will include two tranches:

• Tranche A of US$146.2 million, to be guaranteed by the ECAs in relation to a number of key equipment and service provider contracts; and

• Tranche B of US$200 million.

The term of the Senior Debt Facility will be ten and a half years for Tranche A, and eight and a half years for Tranche B. The interest rate of the Senior Debt Facility will be at a rate of LIBOR plus 1.80% for Tranche A, and LIBOR plus 4.25 to 4.75% for Tranche B. Closing of the Senior Debt Facility is subject to customary conditions, including the negotiation and settlement of definitive documentation and the entry into a comprehensive intercreditor agreement, among others.

Endeavour Financial is acting as financial advisor to the Company and Norton Rose Fulbright LLP has acted as legal counsel to the Company with support from the Freitas Ferraz law firm in Brazil.

The Senior Lenders and ECAs are being advised by Milbank LLP, Micon International Limited (Independent Engineer), and Arcadis (Independent Environmental, Social, Health & Safety Consultant).

Horizonte CEO, Jeremy Martin commented: "I am delighted to announce the receipt of these final credit approvals from five leading international financial institutions. The Horizonte team and our advisors have worked over the past 18 months to reach this point. Coupled with the two export credit agencies, this syndicate of seven provides a U$346.2 million Senior Debt Facility to help finance the construction of Araguaia. This milestone represents the conclusion of an intensive due diligence process which included site visits by the Senior Lenders and independent experts, and extensive technical, marketing, environmental, social and legal evaluations of the Project.

Credit approval from the full syndicate is the catalyst for finalising the other components of the overall financing requirement for Araguaia. As previously announced, the process with the offtake partner and strategic investor is well advanced, and we look forward to updating the market on its conclusion, alongside financial close of the Senior Debt Facility in the coming months.

The strength of the syndicate we have secured is testament to the robust economics of the Project, our team's technical ability and our best practice sustainability standards. With very few new nickel projects with these credentials at construction phase we believe today's news is a pivotal point in Horizonte's story as we work to become a major nickel producer. This is against a backdrop of strong nickel market fundamentals where we are seeing significant demand in the stainless-steel sector alongside accelerating growth in the EV battery space."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as retained in the UK pursuant to S3 of the European Union (Withdrawal) Act 2018.

For further information, visit www.horizonteminerals.com or contact:

About Horizonte Minerals:

Horizonte Minerals plc (AIM:HZM)(TSX:HZM) is developing two 100% owned, tier one projects in Parà state, Brazil – the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large scale, high-grade, low-cost, low-carbon and scalable. Araguaia is construction ready and will produce 29,000 tonnes of nickel per year to supply the stainless-steel market. Vermelho is at feasibility study stage and will produce 25,000 tonnes of nickel and 1,250 tonnes of cobalt to supply the EV battery market. Horizonte's combined near-term production profile of over 50,000 tonnes of nickel per year positions the Company as a globally significant nickel producer. Horizonte is developing a new nickel district in Brazil that will benefit from established infrastructure, including hydroelectric power available in the Carajás Mining District.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the Acquisition as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the ability of the Company to complete the Placing as described herein, and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete the Acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

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

SOURCE: Horizonte Minerals PLC

View source version on accesswire.com:
https://www.accesswire.com/666203/Horizonte-Minerals-PLC-Announces-Credit-Approval-for-Senior-Debt-Facility

ENDEAVOUR TARGETS DISCOVERY OF 15-20 MILLION OUNCES OF INDICATED RESOURCES OVER NEXT 5 YEARS

HIGHLIGHTS:

• Endeavour targeting discovery of 15–20Moz of Indicated resources over the next five years at an average cost of less than $25/oz

• Near-mine exploration aims to continue to extend the mine lives of core assets to beyond the 10 year target

• Greenfield exploration targets the discovery of at least another new standalone project

• Group remains on track with its target to discover +2.5Moz of Indicated resources in 2021

London, 30 September 2021 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour” or the “Group” or the “Company”) is pleased to unveil its exploration outlook for the next five years which targets the discovery of 15 to 20 million ounces of Indicated resources at a cost of less than $25 per ounce across West Africa.

Please click the following link to view a video presentation from management, outlining the exploration outlook: https://youtu.be/QPBzWvrfJ34

The discovery target was established using the same conservative ranking and screening methodology which has successfully yielded the discovery of 8.5Moz of Indicated resources over the past four years, as detailed in the Methodology Section below.

Sebastien de Montessus, President & CEO said: “Our exploration success has been a significant value creation driver over the past four years, following the tremendous work completed by our exploration team. Our track record gives us the confidence to set ambitious new targets and, given the strong expected returns, investment in exploration will continue to be an important component of our capital allocation framework.

Our exploration strategy is centered on continuing to extend the mine lives of our core assets to well beyond ten years and discovering new greenfield projects. While we see significant opportunities across our portfolio, we are particularly pleased with the potential defined at our flagship mines; Sabodala-Massawa, Hounde and Ity. We believe these mines have the potential to be Tier 1 assets with over 10 million ounces resource endowment, inclusive of historical production. We are also very pleased to demonstrate the opportunities identified at our recently acquired assets, which have the potential to grow their current resources by as much as 60%.

Setting these exploration targets demonstrates our commitment to both near-term and long-term growth and underpins our ability to be a resilient and reliable business. We believe that we offer a strong investment appeal due to the long-term visibility across our business, through our minimum progressive dividend outlook which is supported by a robust five-year production outlook, near-term growth prospects from existing projects, and our new five-year discovery horizon that provides the foundation for longer-term success.”

Table 1 illustrates the areas of focus for the discovery targets, with the majority expected to occur at existing mines, supporting the Company’s objective of continuing to extend mine lives to beyond ten years, in addition to discovering at least one new standalone greenfield project over the next five years. The potential quantity of ounces is conceptual in nature since there has been insufficient exploration to define a mineral resource and it is uncertain if exploration will result in the targets being delineated as a mineral resource.

Table 1: Resources and 5-year Discovery Target

¹For details reference press release date 18 March, 2021 available on the Company’s website. Mineral Reserve Estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definitions Standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

²For methodology details please refer to the Methodology section below. Targeted Indicated Resources are based on average tonnage and average gold grades of 24 – 48Mt at 1.5 – 3.5g/t for Sabodala-Massawa, 25 – 67Mt at 1.4 – 5.0g/t for Houndé, 47 – 54Mt at 2.0 – 3.0g/t for Greater Ity, 12 – 24Mt at 1.3 – 4.0 g/t for Mana, 18 – 49Mt at 0.95 – 3.5g/t for Greenfield, 21 – 28Mt at 1.8 – 2.0g/t for Fetekro, 21 – 39Mt at 1.2 – 3.0g/t for Wahgnion and 19 – 21Mt at 1.5 – 2.5g/t for Boungou. Note that Karma was not included in the outlook as it is a non-core mine and the Fetekro was prioritized over Kalana for the project related exploration.

DETAILS BY ASSET

Ity mine

At Ity, between 3.5 and 4.5Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $17/oz.

Exploration efforts in the near term will be focused on the larger Le Plaque area, the Yopleu-Legaleu extension, the new discovery named West Flotouo, Daapleu Deep, and the area located at the junction between the Bakatouo and Walter deposits.

A full geological re-interpretation of the Ity area led to the discovery and prioritisation of the West Flotouo target, which is located immediately below an old Verse West waste dump. West Flotouo is a series of continuous high grade mineralised lenses, located in the immediate proximity of the Ity plant. Delineation is currently ongoing, and this new discovery, which remains open to the North, South and at depth, is expected to have a new maiden resource published prior to year-end.

The Le Plaque mineralisation is open both along strike and at depth in the Delta Extension area, while the Yopleu-Legaleu area has delivered promising drill results, both of which are expected to contribute to the larger Le Plaque area resource update later this year. Very positive drilling was also conducted at depth at Daapleu. The results confirmed that mineralisation extends at least 300 meters down-dip of the current pit design. At the junction between the Bakatouo and Walter deposits drilling has confirmed the continuity of mineralisation between both skarn type deposits, and illustrates the global continuity of mineralisation around the whole dioritic-granodioritic Ity intrusion.

Houndé mine

At Houndé, between 3.0 and 4.0Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $19/oz.

Exploration efforts are currently focused on Vindaloo South, Mambo and the junction between Kari Gap and Kari Center, in addition to integrating Golden Hill within the Houndé mine complex. In the near-term, drilling will commence on higher grade targets such as Sia Sianikoui and Dohoum.

The Mambo target, located at the boundary between a volcanic and a granitoid intrusive, has the potential to be a significant discovery. Its mineralised trend now extends more than 800 meters, with the possibility of extending its strike length to between 1.0 and 1.2 kilometers. Mineralisation appears to remain open to the North East, South West and at depth. Step out drilling is underway, targeting the lateral extensions of Mambo. An initial maiden resource is expected to be published before year-end.

Significant potential has been identified at Golden Hill, which is an advanced-stage exploration property on the Houndé Belt within trucking distance of Houndé. New interpretations suggest that mineralisation is associated with linking structures developed between the main Boni shear and a splay to the east and a successful drill validation of the concept will present an opportunity to extend that mineralisation. The Saleteon felsic intrusive appears to be a significant target measuring 4 kilometers by 3 kilometers in size. It already hosts three of the five existing deposits, has visible gold in drilling and strong geochemical anomalies over the central portion that remain untested by drilling.

Sabodala-Massawa mine

At Sabodala-Massawa, between 2.3 and 2.7Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $26/oz.

Endeavour has successfully identified more than 15 potential targets within 30 kilometers of the Sabodala plant, while further significant potential exists with only half of Endeavour’s 1,240 square kilometer land package currently assessed.

Near-term exploration focus will centre on the discovery of non-refractory resources on the Massawa permit, which would enable the optimisation of the mine sequencing and grade profile to maximise returns from the Phase 1 expansion, which is due to be completed later this year. Longer-term, significant additional upside exists within the combined Sabodala-Massawa area for both refractory and non-refractory resources, which may provide additional feed for the Phase 2 expansion.

Current exploration efforts are mainly focused on Samina, Tina, Sofia North Extension and Bambaraya targets.

At the Samina deposit, the Company has extended the 500 meters mineralised strike length to more than 900 meters, and mineralisation remains open to the north. As such, efforts will continue to be focused on testing this extension. Drilling conducted at the Tina deposit has focused on expanding the Inferred Resources defined in 2019 and converting them into Indicated resources. The mineralised strike length has been extended by more than 300 meters while the deposit remains open to the north and the southeast. The Sofia North deposit has been extended by more than 800 meters along strike with an average width of 150 meters, and it remains open to the north and at depth.

Beyond Massawa, the near-term focus will be at Bambaraya, Makana, Tiwana and Thianga. Bambaraya is a high priority target within the Massawa permit located 13 kilometers from the mill. It is a Loulo type mineralisation style, in a setting that is gently dipping with good grades. Mineralisation to the north has been extended by more than 800 meters.

While the Massawa permit will remain a priority, exploration will also be advanced in the relatively underexplored adjacent Kanoumba and Bransan permits, located 20 to 40 kilometers from the plant. Several highly prospective refractory and non-refractory targets have been identified on these permits, which are expected to feed the longer-term discovery pipeline.

Wahgnion mine

At Wahgnion, between 1.5 to 2.0Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $25/oz.

The exploration program will focus on open pit targets located within 10 kilometers of the existing plant. The short-term focus is on both the Nogbele North and Nogbele South deposits, targeting the continuation of mineralised structures beneath and between the Nogbele pits.

The Wahgnion mine was developed quickly under its previous ownership to feed the plant which was running at 30% above its nameplate capacity. As a result, some of the deposits have only been drilled down to relatively shallow depths or along a limited length as such, may contain significant resource upside. Several non-refractory ore targets are drill-ready and are expected to quickly be followed up on. Over the longer term, a number of the satellite deposits and targets will be subject to a multi-year effort given the significant exploration potential.

Boungou mine

At Boungou, between 1.0 to 1.5Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $32/oz.

Geochemical sampling has been a successful exploration tool at Boungou, identifying 36 exploration targets to date. The near term focus is on extending the Natougou deposits, and advancing potentially higher grade targets identified within two key brownfield areas within 10 kilometers to the north of the mine. In addition, efforts will focus on Dangou Northeast, which is a potentially higher-grade greenfield target, located within 20 kilometers of the urban centre of Diapaga.

Drilling at Natougou Northwest identified a zone of mineralisation in the hanging wall of the Boungou shear that trends north-northwest and extends for more than 700 meters and remains open to the north. Drilling is underway to focus on delineating this trend.

At Boungou Northwest, drilling evaluated the continuation of the Boungou Shear mineralisation down plunge to the northwest of the mine. Initial results are promising, and a complete review of all drill results, expected later this year, will guide follow-up drilling in 2022.

Mineralization at Boungou is hosted by the shallow dipping Boungou Shear and the larger more steeply dipping TN45 structure. Re-interpretation of the geophysical and geologic datasets will help delineate structural and lithologic controls to the mineralisation and help in defining new targets.

Mana mine

At Mana, between 1.0 to 1.5Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $30/oz.

Although Mana has been in production for over a decade, significant exploration potential still remains. Following the integration of Mana within Endeavour’s business plan, the team has been restructured to provide fresh perspectives. Given that it is a mature exploration area, there was a strong need to re-interpret existing datasets and incorporate more structure and geology into the targeting strategy. In addition, given that most of the historical successful exploration was based on geochemical analysis, Endeavour will also be using geochemical sampling to refine targets in support of the revised strategy

Endeavour’s near-term focus will be on evaluating oxide open pit targets within 20 kilometers of the plant, such as Maoula, and on evaluating underground targets at Siou and Nyafe. Good potential has been identified in our efforts to increase the Wona and Siou underground resources which would offer potential to extract high-grade material.

Fetekro project

At Fetekro, between 1.2 and 1.8Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $14/oz.

In the near-term, the Lafigué deposit remains the priority, while the longer-term focus is on delineating several identified targets on the Fetekro property.

The Lafigué deposit is currently the main discovery made at Fetekro and has now been traced over two kilometers in the east-northeast direction and over one kilometer down-dip. The mineralization occurs as free gold in quartz vein stockworks and zones of silicification associated with a tourmaline-carbonate-chlorite-sulphide alteration. Mineralisation is controlled by a thrust gently dipping to the south-southeast. Significant potential remains at Lafigué as some mineralised extensions have been delineated where pinching and swelling had earlier been misdiagnosed and where mineralisation appears to remain open.

At Lafigué North, the 2021 exploration program has focused on converting some of the remaining Inferred Resources into Indicated resources, but most of the activity has been in the area located in between the Lafigué Center and Lafigué North areas. The results of this drilling activity were successful and demonstrated the continuity of the mineralised system with the occurrence of shallow, subparallel, and stacked mineralised lenses that were previously located outside of the 2020 resources pit. Newly discovered mineralisation will be included in the new resource estimate which is expected later this year and will support the ongoing definitive feasibility study.

Greenfield properties

While Endeavour has identified several greenfield targets which have the potential to yield a new project, it has taken a conservative approach whereby it has only factored for one potential success within its 5-year discovery target, amounting between 1.5 and 2.0Moz of Indicated resources to be discovered at an average cost of $45/oz. Given the higher uncertainty related to greenfield exploration, compared to near-mine exploration, a low Probability of Occurrence multiplier was applied to greenfield targets (see Methodology section below for further details).

Advanced exploration properties include Tanda-Iguela and Afema in Cote d’Ivoire, Bantou and Liguidi in Burkina Faso, and Siguiri in Guinea. In addition, Endeavour holds significant exploration tenements along both the Houndé Belt and Ity Belt, which are expected to generate further greenfield targets.

EXPLORATION RANKING AND SCREENING METHODOLOGY

Endeavour’s large land position (more than 17,000 sq Km) and comprehensive database over a very large number of exploration targets promotes the application of a general portfolio management theory where all numerous and independent exploration targets are statistically analysed and risked, according to their probability of success or occurrence. As applied to the Group’s previous five-year exploration programme, Endeavour’s exploration success has been based on the implementation of a systematic, statistically driven approach to selecting and optimising exploration targets. This approach was derived from a similar process used in the oil and gas industry to predict, analyse, rank and then prioritise a large number of exploration targets, as summarised below. It is important to note that this approach can only be performed with a significant number of independent exploration targets, where the larger the number, the better the global portfolio value estimate.

Step 1: Exhaustive technical screening of the exploration portfolio based on geological data
The initial screening incorporated the exhaustive identification, selection, and ranking of all possible exploration targets occurring within Endeavour’s exploration portfolio. The technical analysis cross-referenced all available geological data, including geological maps, cross sections, structural data, surface geology, geochemistry, geophysics, regolith mapping, alteration profiles, drilling data, cores, analysis of artisanal mining activity, outcrops, and other survey data.

Following this first screening, a total of 150 targets were identified and described.

Step 2: 150 targets were further screened based on mining characteristics and the potential to have low production costs
The 150 targets were further screened by incorporating some tentative mining and processing costs parameters, to establish a selection of top targets which were appraised to have the potential to be produced at a low All-in Sustaining Cost (“AISC”). The criteria used in this second screening phase included factors such as potential grade, metallurgy, strip ratio, production costs, mineralisation type, and distance to a mill. After this second screening phase, the selection was narrowed to 110 high priority targets.

Step 3: Probabilistic ounce and average grade distribution of selected 110 targets
This applied approach is similar to that used in the analysis of natural phenomenon and other industries where large volumes of calibration data are used to predict individual and then global outcomes. It can also be applied to an exploration portfolio containing a high number of identified targets where a significant amount of calibration data may allow an accurate prediction of the total ounces to be discovered over the full portfolio despite individual outcomes potentially varying widely.

Based on available information, Endeavour characterized all the physical parameters such as length, width, thickness, density, grade characterizing each of the 110 selected targets to establish a prediction of the minimum, maximum and mean values distribution for each parameter related to each individual target. Since each of the selected targets cannot possibly be all positive, a probabilistic weighting, defined as a Probability of Occurrence (“PoO”) factor, was then applied to the mean values of each target. Since all 110 selected targets were defined as independent, the total value (total ounces predicted) of the portfolio could be approached by adding all the risked mean Indicated resources expected from each of the 110 targets.

PoOs represent the confidence or supporting control Endeavour has in describing, precisely the deposit it is trying to discover. The PoO values were set for each of the selected targets on a scale ranging from 0.2 to 0.8, with the very few, very low probability targets generally being eliminated due to a “killing” factor, such as possible refractory characteristics, lower expected average grade or continuity, or other highly unfavorable parameters.

The full analysis of the selected 110 targets resulted in the conclusion that up to 25Moz could ultimately be discovered over the full exploration portfolio, irrespective of the timeframe selected.

Step 4: Final selection of targets, with higher PoO and priority, which can be physically be included in the 5 year exploration plan
Since Endeavour cannot feasibly explore the 110 targets, defined in Step 3, during the next 5-year period, the 110 targets were further assessed, classified and ranked against near-term mine priorities. This resulted in the final selection of the top 70 targets deemed to better fit the overall strategy.

The final output of the strategic exploration analysis is a quantitative, multi-screened and filtered estimate of the total potential ounces hosted in the Group’s portfolio, where 15 to 20Moz of Indicated resources are targeted to be discovered within the next five years.

The applied approach does not mean that all selected and explored targets will be successful when taken individually, as some are likely to fail to deliver a deposit while others will outperform individual expectations. However, there can be reasonable confidence in achieving the total global estimated Indicated resources within the 5-year exploration programme. As such, it’s reasonable to expect the achievement of the global target, but the individual successes that drive the global achievement may differ, sometimes significantly from the original estimate.

Step 5: Strategic prioritisation to establish 5–year programme
Finally, an individual risked budget was established for each target in order to reach an Indicated resource status level. To develop the execution plan, most selected exploration targets were then set within the 5-year exploration programme, according to corporate and mine priorities, license duration, sequencing of required activities and available exploration budget.

QUALIFIED PERSONS
Jonathan Lawrence (FAIG, MAusIMM), VP Exploration – Burkina Faso for Endeavour Mining, has reviewed and approved the technical information in this news release. Jonathan has more than 20 years of mineral exploration and mining experience and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING CORPORATION

Endeavour Mining is one of the world’s top ten senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London and Toronto Stock Exchanges under the symbol EDV.

For more information, please visit www.endeavourmining.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s exploration potential, targeted exploration estimates, contained ounces, grades and estimated discovery costs, , the estimation of mineral resources, the realization of mineral resource estimates, and the timing and amount of estimated future mineral resources..

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. This forward-looking information may be affected by risks and uncertainties in the combined business of Endeavour and market conditions, including (1) there being no significant disruptions affecting Endeavour’s operations whether due to extreme weather events and other or related natural disasters, labor disruptions, supply disruptions, power disruptions, damage to equipment or otherwise, or as a result of the Covid 19 pandemic; (2) permitting, development, operations and production for the Company’s mines and exploration projects, respectively, being consistent with Endeavour’s expectations; (3) political and legal developments in the juridictions where the Company operates being consistent with current expectations; (4) certain price assumptions for gold; (5) the accuracy of Endeavour’s mineral resource estimates; and (6) labor and materials costs increasing on a basis consistent with Endeavour’s current expectations. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s annual information form, financial statements and related MD&A for the financial year ended December 31, 2020 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward–looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Attachments

• Endeavour Exploration Strategy Presentation

• Endeavour Exploration Strategy News Release

Kraton Corporation KRA has entered into a merger agreement with a South Korean leading petrochemical company, DL Chemical Co., Ltd. (DL Chemical). DL Chemical will acquire 100% of Kraton for $2.5 billion in an all-cash deal.

Kraton’s merger decision is prudent to support its shareholders, as the company had been actively evaluating strategic options to maximize its shareholders' returns. Kraton’s shares have gained 9% since the announcement on Sep 27.

Kraton’s merger decision is a prudent step to support its shareholders as the company had been actively evaluating strategic options for maximizing its shareholders’ returns. The new entity will not only expand Kraton’s global footprint but also create a robust platform to support investments in innovation and increase its sustainable offerings. The deal is likely to close by the end of the first half of 2022.

DL Chemical is a subsidiary of DL Holdings Co., Ltd and has been operating the petrochemical business for 46 years. Last year, Kraton divested its Cariflex business to DL Chemical for $530 million.

Kraton is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold to the adhesive, road and construction and tire markets. It produces and sells a broad range of performance chemicals.

Kraton generated revenues of $931 million and net income of $202 million in the first half of 2021. The company is also focused on reducing its debt levels. Its Polymer segment is gaining from the improved sales volume of specialty polymers, driven by demand recovery in consumer durables and automotive applications. Performance products sales volume is gaining from higher sales to the paving and roofing and adhesive applications. Kraton generated revenues of $1.5 billion in 2020.

Kraton is focused on driving its innovation-led growth and encouraging the adoption of sustainable pine chemical solutions by its customers, in order to replace hydrocarbons for the benefit of all stakeholders.

Price Performance

The company’s shares have gained 63.5% so far this year, outperforming the industry’s growth of 0.9%.

Image Source: Zacks Investment Research

Zacks Rank & Stocks to Consider

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

Better-ranked stocks in the basic materials space include The Mosaic Co. MOS, Veritiv Corp. VRTV and Avient Corp. AVNT. While Mosaic and Veritiv sport a Zacks Rank #1 (Strong Buy), Avient carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Mosaic has an estimated earnings growth rate of 472.9% for the ongoing year. So far this year, the company’s shares have appreciated 40.1%.

Veritiv has an estimated earnings growth rate of 215% for the current year. The company’s shares have soared 320.1% year to date.

Avient has a projected earnings growth rate of 75% for 2021. The company’s shares have gained 17.7% so far this year.

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Zacks Investment Research

Earnings acceleration is the incremental growth in a company’s earnings per share (EPS). In other words, if the rate of a company’s quarter-over-quarter earnings growth increases within a stipulated frame of time, it can be called earnings acceleration.

We all know that constant earnings growth captivates almost everyone, from top brass to research analysts. This is because earnings are a measure of the money a company is making. Still, earnings acceleration works even better when it comes to lifting the stock price. Studies have shown that most successful stocks had seen an acceleration in earnings before an uptick in the stock price.

In case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven’t caught the attention of investors yet, which once secured will invariably lead to a rally in the share price. This is because earnings acceleration considers both direction and magnitude of growth rates.

An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may at times drag prices down.

Screening Parameters

Let’s look at stocks for which the last two quarter-over-quarter percentage EPS growth rates exceed the previous periods' growth rates. The projected quarter-over-quarter percentage EPS growth rates are also expected to be higher than the previous periods’ growth rates.

EPS % Projected Growth (Q1)/(Q0) greater than EPS % Growth (Q0)/(Q-1): The projected growth rate for the current quarter (Q1) over the completed quarter (Q0) has to be greater than the growth rate from the completed quarter (Q0) over one quarter ago (Q-1).

EPS % Growth (Q0)/(Q-1) greater than EPS % Growth (Q-1)/(Q-2): The growth rate for the completed quarter (Q0) over one quarter ago (Q-1) has to be greater than the growth rate from one quarter ago (Q-1) over two quarters ago (Q-2).

EPS % Growth (Q-1)/(Q-2) greater than EPS % Growth (Q-2)/(Q-3): The growth rate from one quarter ago (Q-1) over two quarters ago (Q-2) has to be greater than the growth rate from two quarters ago (Q-2) over three quarters ago (Q-3).

In addition to this, we have added the following parameters:

Current Price greater than or equal to $5: This screens out low-priced stocks.

Average 20-day volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.

The above criteria narrowed down the universe of around 7,735 stocks to only 18. Here are the top four stocks:

Steven Madden, Ltd. SHOO designs, sources, markets and sells fashion-forward name brand and private label footwear for women, men, and children and private label fashion handbags and accessories worldwide. The company has a Zacks Rank #2 (Buy). The company’s expected earnings growth rate for the current year is 228.1%.

Jack Henry & Associates, Inc. JKHY caters to community banks by offering technology solutions and payment processing services. The company has a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 11.4%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Camden Property Trust CPT is one of the largest publicly traded multifamily companies in the United States. The company has a Zacks Rank #2. The company’s expected earnings growth rate for the current year is 7.6%.

Sociedad Quimica y Minera S.A. SQM produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The company has a Zacks Rank #1. Its expected earnings growth rate for the current year is 60%.

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.

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

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Vancouver, British Columbia–(Newsfile Corp. – September 30, 2021) – Couloir Capital is pleased to announce initiation of research coverage on Granite Creek Copper (TSXV: GCX) (OTCQB: GCXXF). The report is titled, "Targeting a Billion Pound Resource at Brownfield Copper Project."

Report Excerpt: With both exploration and development catalysts in the pipeline for the near-term, we expect there to be potential growth drivers on the horizon for GCX, as drill assays from phases 2 are 3 reported to the market on a rolling basis. Strong intercepts may be materially value accretive, as mineralization expansion could lead to growth in the Carmacks resource, which in turn could result in an upgrade to projected mine economics.

The report can be accessed through Couloir Capital's portal: https://www.couloircapital.com/research-portal Click on "Sign In".

About Granite Creek Copper Ltd.

Granite Creek Copper is a Canadian exploration company focused on the acquisition and development of highly prospective brownfields assets in top districts of favourable North American mining jurisdictions.

In November 2020, Granite Creek Copper completed its acquisition of Copper North Mining Corp, combining its Stu Cu-Au Project with the PEA-stage Carmacks Cu-Au-Ag project, thereby consolidating the southern half of the productive and highly prospective Minto Copper Belt in Canada's Yukon Territory. The 100%-owned, newly constituted 176-square-kilometer Carmacks property is on trend with Minto Exploration's high-grade Minto Copper-Gold Mine to the north and its excellent access to infrastructure includes the paved Yukon Highway 2 within 60 km as well as grid power within 12 km.

About Couloir Capital Ltd.

Couloir Capital is an investment research firm comprised of a team of veteran investment professionals dedicated to providing world-class opportunities in the natural resource sector. Couloir Capital is affiliated with a registered securities dealer, Couloir Capital Securities.

For further information, please contact:

Robbie Stitt, Managing Director

Email: rstitt@couloircapital.com

www.couloircapital.com

Analyst Disclosure: The analyst and / or affiliated companies do not hold shares in GCX.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98083

Albemarle Corp. says it has “signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co. Ltd., a lithium converter located in Guangxi, China.” The deal is expected to close in early 2022.

TORONTO, Sept. 30, 2021 /CNW/ – As a symbol of respect and acknowledgement toward Canada's First Anniversary of the National Day for Truth and Reconciliation, First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) has lowered the symbolic Every Child Matters flag. The flag, flown in front of the Company's hydrometallurgical battery materials refinery in the community of Temiskaming Shores, Ontario will remain lowered for the next 30 days.

The day honors the lost children and survivors of Canadian residential schools, their families and communities. Public commemoration of the tragic and painful history and ongoing impacts of residential schools is a vital component of the reconciliation process.

There were 140 government-run Indian Residential Schools that operated in Canada from 1831 to 1998. Survivors have advocated for recognition, reparations and accountability for the lasting legacy of harms caused. Their efforts culminated in an apology by the Canadian government, the Indian Residential Schools Settlement Agreement, the establishment of a Truth and Reconciliation Commission and the creation of the National Centre for Truth and Reconciliation. The Truth and Reconciliation Commission held hearings from 2008 to 2015, resulting in 94 recommendations, including a National Day of Commemoration.

"We want to acknowledge the importance of inclusivity and collaboration among all peoples. As a corporate entity working within First Nations lands, we are committed to playing an active role in supporting their future. Recognition of the significance of this Day is a start to the reconciliation and healing process we whole-heartedly support", explains President and CEO, Trent Mell.

Since its arrival in Ontario, Canada, First Cobalt has been dedicated to building and maintaining respectful and mutually beneficial relationships with all the local Indigenous people and First Nations communities; namely the Timiskaming First Nation, Temagami First Nation, Matachewan First Nation, Beaverhouse First Nation and Metis Nation of Ontario. Over the past several years, the Company has held numerous consultations and open houses to gain the insights and perspective of these groups. Through collaborative reviews of permit applications for the re-opening of the Company's refinery, support has been gained for the project.

First Cobalt is also committed to employment and potential business opportunities specifically for Indigenous people as the refinery construction activities ramp-up. First Cobalt has partnered with First Nation communities on new initiatives to study potential environmental impacts to plants and wildlife in the refinery area. Student bursaries and community support funding has also been an area of focus thus far.

On behalf of First Cobalt Corp.

Trent Mell
President & Chief Executive Officer

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

SOURCE First Cobalt Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/30/c6005.html

PHOENIX, September 30, 2021–(BUSINESS WIRE)–Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its updated Climate Report which details the work underway across its global business to reduce greenhouse gas (GHG) emissions, improve energy efficiency, advance the use of renewable energy and understand and enhance the company’s resilience to future climate-related risks. The Climate Report reflects the company’s continued progress towards alignment with the current recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Richard C. Adkerson, Chairman and Chief Executive Officer said: "As both a major consumer of energy, and as one of the world’s largest producers of the copper essential to enable the global energy transition, Freeport aspires to participate in, and positively contribute to, a 2050 net zero economy. Our path to net zero carbon emissions will require industry-wide new technological solutions and innovation. We embrace these challenges and are focused on achieving meaningful progress through our internal efforts and through collaboration with industry partners. We are in the process of integrating our climate initiatives into our long-term business plans as we work to responsibly produce copper for the benefit of all stakeholders."

In 2020, FCX published its inaugural climate report, established a 15% GHG emissions intensity reduction target for the Americas copper business by 2030, and committed to aligning its future climate reports with the recommendations of the TCFD.

In 2021, FCX established a new 30% GHG emissions intensity reduction target for its Indonesian operations by 2030. FCX also completed its first global climate scenario analysis, enhanced climate expertise on its Board of Directors, directly linked climate performance with its annual executive compensation program and advanced its analysis of renewable energy opportunities in the southwestern United States.

FCX is actively involved in various industry initiatives that are focused on climate, including the International Council on Mining and Metals and the International Copper Association. In addition, FCX is a patron supporter of the Charge on Innovation Challenge, a new global industry initiative aimed at developing effective solutions for large-scale haul truck electrification systems.

To learn more about FCX’s climate strategy and progress, please read FCX’s 2020 Climate Report, available on the company website at:

https://www.fcx.com/sites/fcx/files/documents/sustainability/2020-Climate-Report.pdf

FREEPORT: Foremost in Copper

FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers.

FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.

By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at fcx.com.

Cautionary Statement Regarding Forward-Looking Statements: This press release contains forward-looking statements, which are all statements other than statements of historical facts, such as plans, projections, expectations, targets, objectives, strategies or goals relating to future execution of FCX’s energy and climate strategies and the underlying assumptions and estimated impacts on FCX’s business related thereto. The words "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "endeavor," "seek," "goal," "predict," "strategy," "projects," "targets," "intends," "aspires," "likely," "will," "should," "could," "to be," "potential," "assumptions," "guidance," "future" and any similar expressions are intended to identify those assertions as forward-looking statements.

FCX cautions readers that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause FCX’s actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, the factors described under the heading "Risk Factors" in FCX’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission (SEC), and available on FCX’s website at fcx.com.

Investors are cautioned that many of the assumptions upon which FCX's forward-looking statements are based are likely to change after the forward-looking statements are made. Further, FCX may make changes to its business plans that could affect its results. FCX cautions investors that it undertakes no obligation to update any forward-looking statements, which speak only as of the date made, notwithstanding any changes in its assumptions, changes in business plans, actual experience or other changes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210930005524/en/

Contacts

Financial Contacts:
Kathleen L. Quirk
(602) 366-8016

David P. Joint
(504) 582-4203

Media Contact:
Linda S. Hayes
(602) 366-7824

VANCOUVER, British Columbia, Sept. 30, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of June 28, 2021 regarding the Default Notice received from Pala Investments Ltd (“Pala”) and the subsequent Standstill Agreement entered into with Pala.

The Company announces that it has today entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the standstill period until October 31, 2021.

Furthermore, Melior has also today entered into a further amended demand promissory note (the “Amended Promissory Note”) with Pala extending the maturity of the loan from September 30, 2021 to October 31, 2021. All other terms of the Amended Promissory Note remain unchanged.

The Company is pleased to announce that the TSX Venture Exchange (“TSXV”) has conditionally approved the proposed reverse takeover transaction (the “Transaction”) with Ranchero Gold Corp. (“Ranchero”), and listing of the resulting company on the TSXV. Final approval of the TSXV is subject to Melior and Ranchero meeting certain conditions required by the TSXV, including approval of a majority of the shareholders of the Company.

Please see the Company’s news releases dated Nov. 2, 2020, Feb. 18, 2021, July 13, 2021, July 19, 2021 and August 4, 2021 for details of the Transaction. Additional information will also be available in the Company’s filing statement that is to be filed under the Company’s profile on SEDAR at www.sedar.com.

MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
info@meliorresources.com

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

Completion of the Transaction is subject to a number of conditions, including but not limited to, shareholder approval. The Transaction cannot close until shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

The TSXV has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.

Cautionary Note Regarding Forward Looking Statements

This news release contains certain forward-looking statements. Any statements 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” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends” or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements contained in this news release may include, but are not limited to, the completion of the Transaction.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: risks related to regulatory approval and shareholder approval, including the approval of the TSXV, liabilities inherent in mine development and production; geological risks, risks associated with the effects of the COVID-19 virus, the financial markets generally, the satisfaction or waiver of the conditions precedent to the Transaction, the ability of the Company to complete the Transaction and obtain requisite TSXV acceptance and shareholder approvals. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Acquisition will add conversion capacity in China near the Port of Qinzhou

CHARLOTTE, N.C., Sept. 30, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its subsidiary, Albemarle Lithium UK Limited, has signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co., Ltd. ("Tianyuan"), a lithium converter located in Guangxi, China. Under terms of the agreement, Albemarle will acquire all outstanding equity from Tianyuan's shareholders for approximately USD $200 million, subject to certain adjustments. Albemarle expects the transaction, which is subject to customary closing conditions, to close in early 2022.

Founded in 2017, Tianyuan's operations include a recently constructed lithium processing plant strategically positioned near the Port of Qinzhou in Guangxi. The plant has designed annual conversion capacity of up to 25,000 metric tons LCE and is capable of producing battery-grade lithium carbonate and lithium hydroxide. It currently is in the commissioning stage and is expected to begin commercial production in the first half of 2022.

"The acquisition of Tianyuan, which owns and operates a newly constructed lithium processing plant, aligns with our strategy to pursue profitable growth in line with customer demand," said Kent Masters, Albemarle CEO. "This will be a key component of our next wave of projects designed to increase our conversion capacity in a capital-efficient manner in the coming years. As the global transition to cleaner energy rapidly develops, this added lithium capacity will enable us to help our customers achieve their growth and sustainability ambitions."

About Albemarle
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

Forward-Looking Statements
Some of the information presented in this press release, including, without limitation, information related to the transaction, plans and anticipated benefits in relation to the transaction, the targeted close date for the transaction and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed herein. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; changes priorities, financial, and operating performance of Albemarle's major customers and industries and markets served by Albemarle; the timing of orders received from customers; the gain or loss of significant customers; competition from other manufacturers; changes in the demand for Albemarle's products or the end-user markets in which its products are sold; the availability of financing; the satisfaction of conditions to completion, including regulatory approvals; the occurrence of regulatory actions, proceedings, claims, or litigation; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-to-expand-lithium-production-capabilities-with-acquisition-of-guangxi-tianyuan-new-energy-materials-co-ltd-301388704.html

SOURCE Albemarle Corporation

How far off is Hecla Mining Company (NYSE:HL) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. 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.

View our latest analysis for Hecla Mining

The model

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than 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) = US$1.1b

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. 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 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 6.9%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$135m× (1 + 2.0%) ÷ (6.9%– 2.0%) = US$2.8b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$2.8b÷ ( 1 + 6.9%)¹⁰= US$1.4b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$2.5b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$5.5, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

The 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 Hecla Mining 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 6.9%, which is based on a levered beta of 1.137. 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.

Next Steps:

Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. 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 Hecla Mining, we've put together three further aspects you should look at:

1. Risks: Take risks, for example – Hecla Mining has 2 warning signs we think you should be aware of.

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

3. Other 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!

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

(Adds details from interview)

By Ernest Scheyder

Sept 29 (Reuters) – A key Native American leader in Arizona declined to meet Rio Tinto Plc's chief executive this week, the latest roadblock in the mining giant's search for a "win-win" compromise to build its controversial Resolution Copper project.

The visit from Rio's Jakob Stausholm to the state underscores Resolution's importance to the Anglo-Australian company, which has spent more than $2 billion on the project in the past decade but has yet to produce any copper, the red metal used in electric vehicles and other electronics.

Rio hopes the mine will eventually produce more than 40 billion pounds of copper. First, it must win approval from the San Carlos Apache tribe, an unlikely prospect as Chairman Terry Rambler and other tribal leaders have long signaled that their opposition centers on religious concerns and cannot be assuaged by economic incentives.

Stausholm, in his first visit to Arizona since becoming CEO in January, said he is hopeful the two sides can reach an agreement that will allow the project to go ahead.

"We're trying to find a win-win. I do think that's in everyone's interest. But I reckon that we still have work to do," Stausholm told Reuters in a video interview on Wednesday from Phoenix, the state's capital.

"If we haven't explained ourselves well enough, then we need to explain ourselves better."

The complex debate is a harbinger of land battles to come as the United States aims to build more EVs, which use twice as much copper as vehicles with internal combustion engines. The Resolution mine could meet about 25% of projected U.S. demand for the metal.

The Arizona dispute centers on Oak Flat Campground, which the San Carlos Apache consider home to deities. The underground mine would cause a crater that would swallow the site.

U.S. President Joe Biden – who received a critical endorsement from the San Carlos Apache during his presidential bid – put the project temporarily on hold in March.

A bill under consideration in the U.S. Congress would undo 2014 legislation that approved a land transfer to give Rio access to the copper deposit.

Stausholm said he tried unsuccessfully to meet with Rambler during his Arizona visit. Rambler told Reuters he would rather spend his time lobbying Congress to block the land transfer.

"If they wanted to meet they should have met way before anything was done" in 2014, Rambler said. "My focus now is on changing that law."

WHEN TO TALK?

The two sides disagree about how and when to negotiate. Whereas Rambler and other Native American leaders said the proper time for consultation was in 2014, Stausholm said he sees that process just beginning.

"You can only get communities comfortable if they really understand, if they feel we're transparent," said Stausholm, an accountant by training from Denmark who previously worked for shipping giant Maersk and Royal Dutch Shell .

Stausholm declined to say whether Rio could eventually walk away from the project, though he acknowledged the company wants tribal consent.

"The first stage is dialogue, and that's why I'm putting myself here in Arizona," he said. "You can't conclude anything at this point in time."

Stausholm hinted that changes were possible to the mine's design plan that might make it palatable to Native Americans, though he declined to be specific. "We have to get through the dialogue and find out what the pressure points are," he said.

Stausholm added that Rio would smelt any copper produced at the mine inside the United States. Opponents have said they fear Rio would export the copper for use by China or another nation.

BHP, which is a minority partner in the project, was not immediately available to comment.

(Reporting by Ernest Scheyder in Houston; additional reporting by Clara Denina in London and Melanie Burton in Melbourne; Editing by Cynthia Osterman)

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

In contrast to all that, I prefer to spend time on companies like IGO (ASX:IGO), which has not only revenues, but also profits. While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. Loss-making companies are always racing against time to reach financial sustainability, but time is often a friend of the profitable company, especially if it is growing.

See our latest analysis for IGO

How Quickly Is IGO Increasing Earnings Per Share?

If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. It's no surprise, then, that I like to invest in companies with EPS growth. Impressively, IGO has grown EPS by 20% per year, compound, in the last three years. As a result, we can understand why the stock trades on a high multiple of trailing twelve month earnings.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. The good news is that IGO is growing revenues, and EBIT margins improved by 11.1 percentage points to 26%, over the last year. Ticking those two boxes is a good sign of growth, in my book.

The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.

While we live in the present moment at all times, there's no doubt in my mind that the future matters more than the past. So why not check this interactive chart depicting future EPS estimates, for IGO?

Are IGO Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. Because oftentimes, the purchase of stock is a sign that the buyer views it as undervalued. However, small purchases are not always indicative of conviction, and insiders don't always get it right.

Any way you look at it IGO shareholders can gain quiet confidence from the fact that insiders shelled out AU$352k to buy stock, over the last year. When you contrast that with the complete lack of sales, it's easy for shareholders to brim with joyful expectancy. Zooming in, we can see that the biggest insider purchase was by Independent Non-Executive Chairman Michael P. Nossal for AU$256k worth of shares, at about AU$6.40 per share.

Along with the insider buying, another encouraging sign for IGO is that insiders, as a group, have a considerable shareholding. To be specific, they have AU$37m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 0.6% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders.

Does IGO Deserve A Spot On Your Watchlist?

Given my belief that share price follows earnings per share you can easily imagine how I feel about IGO's strong EPS growth. Not only that, but we can see that insiders both own a lot of, and are buying more, shares in the company. So I do think this is one stock worth watching. Before you take the next step you should know about the 1 warning sign for IGO that we have uncovered.

As a growth investor I do like to see insider buying. But IGO isn't the only one. You can see a a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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.

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

In contrast to all that, I prefer to spend time on companies like IGO (ASX:IGO), which has not only revenues, but also profits. While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. Loss-making companies are always racing against time to reach financial sustainability, but time is often a friend of the profitable company, especially if it is growing.

See our latest analysis for IGO

How Quickly Is IGO Increasing Earnings Per Share?

If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. It's no surprise, then, that I like to invest in companies with EPS growth. Impressively, IGO has grown EPS by 20% per year, compound, in the last three years. As a result, we can understand why the stock trades on a high multiple of trailing twelve month earnings.

I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. The good news is that IGO is growing revenues, and EBIT margins improved by 11.1 percentage points to 26%, over the last year. Ticking those two boxes is a good sign of growth, in my book.

The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.

While we live in the present moment at all times, there's no doubt in my mind that the future matters more than the past. So why not check this interactive chart depicting future EPS estimates, for IGO?

Are IGO Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. Because oftentimes, the purchase of stock is a sign that the buyer views it as undervalued. However, small purchases are not always indicative of conviction, and insiders don't always get it right.

Any way you look at it IGO shareholders can gain quiet confidence from the fact that insiders shelled out AU$352k to buy stock, over the last year. When you contrast that with the complete lack of sales, it's easy for shareholders to brim with joyful expectancy. Zooming in, we can see that the biggest insider purchase was by Independent Non-Executive Chairman Michael P. Nossal for AU$256k worth of shares, at about AU$6.40 per share.

Along with the insider buying, another encouraging sign for IGO is that insiders, as a group, have a considerable shareholding. To be specific, they have AU$37m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 0.6% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders.

Does IGO Deserve A Spot On Your Watchlist?

Given my belief that share price follows earnings per share you can easily imagine how I feel about IGO's strong EPS growth. Not only that, but we can see that insiders both own a lot of, and are buying more, shares in the company. So I do think this is one stock worth watching. Before you take the next step you should know about the 1 warning sign for IGO that we have uncovered.

As a growth investor I do like to see insider buying. But IGO isn't the only one. You can see a a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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.

Figure 1

Maricunga project – Old Code and New Code properties

Figure 2

Geological Exploration Target

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

Highlights

• Updated Measured and Indicated resource for the Maricunga Stage One Lithium Brine Project in Chile confirmed an increase by 90 per cent compared with 2019 Definitive Feasibility Study.

• Measured and Indicated (M&I) resource now estimated as 1,905,000 tonnes of Lithium Carbonate Equivalent (LCE) for the Stage One (Old Code) mining properties at an average grade of 953 mg/l lithium.

• This increase in M+I Resources is in addition to the M+I Resources (2018) of 979,000 tonnes LCE in the Litio 1-6 (New Code) concessions to a depth of 200 m.

• The Maricunga resource remains open at depth, with a new exploration target for further resource expansion between 400m-550m in the Stage One concessions.

• The DFS update for the Stage One continues as expected by Worley, GEA Messo and Atacama Waters.

• The latest drilling for the resource increase on the Stage One mining concessions at Maricunga has been completed, with the five exploration core holes each reaching target depth of 400m.

Access to the full technical report prepared by Atacama Water Consultants is available on SEDAR.com and the BRZ website at https://www.bearinglithium.com/research-reports/

Resource Estimate Highlights

The updated resource estimate of 1,905,000 tonnes of lithium carbonate equivalent (LCE) represents close to double the initial resource of 1,020,000 tonnes of LCE in the equivalent area (Stage One) in the 2019 Definitive Feasibility Study (DFS). A resource equivalent to 4.95 Mt of KCl was also defined. The resource estimate was prepared in accordance with JORC and NI 43-101 international reporting standards. Results are summarized in Table 1.

Table 1: Mineral Resource Estimate for Lithium Metal (Li) and Potassium

Table 2 shows the total resources of the Stage One concessions (Old Code concessions) expressed as Lithium Carbonate Equivalent (LCE) and Potash (KCL).

Table 2: Mineral Resource Estimate for Lithium Carbonate Equivalent (LCE) and Potash

1. Lithium is converted to lithium carbonate (Li2CO3) with a conversion factor of 5.32.

2. Potassium is converted to potash with a conversion factor of 1.91

3. Numbers may not add due to rounding.

The Stage One project comprises the Old Code properties of Cocina 19-27, Salamina, Despreciada and San Francisco, which have a total combined area of 1,125 hectares (Figure 1). These properties were constituted under the 1932 Chilean mining law and have grandfathered rights for the exploitation, production and sale of lithium.

It should be noted that the M+I Resources described above in Tables 1 and 2 are in addition to the M+I Resources (2018) of 184 Kt Lithium (979 Kt LCE) in the Litio 1-6 (New Code) concessions to a depth of 200 m.

The Maricunga resource remains open at depth. A new Exploration Target between 400m-550m has been defined for further resource expansion below the Old Code Concessions, and between 200m– 550m below the New Code concessions. They could potentially contain between 1.2Mt-2.1Mt of LCE¹. Figure 2 illustrates the geological exploration target for all of the Maricunga concessions.

¹ An Exploration Target is not a mineral resource. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume

Figure 1: Maricunga project – Old Code and New Code properties is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd5fea2-7028-46b4-a8a7-5a06ddd7f55e

Figure 2: Geological Exploration Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe0a445e-dae3-4e1b-a5ee-5060aa9bdcd0

Minera Salar Blanco SA’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are very pleased with these updated results, which confirm Maricunga as one of the world’s richest lithium brine deposits. Technical activities continue towards the completion of an updated DFS in Q4 2021. The financing for Stage One is now a priority, with preliminary indications of interest received from international financial institutions and private funds for debt and equity financing of the project.”

Bearing Lithium Corporation’s Chairman, Gil Playford commented:

“Increasing the 100% owned Stage 1 Old Concession Resources by 90% solidifies the viability of the Definitive Feasibility Study scheduled for Q4 2021. Having exploration potential at depth for both the old and new concessions portends future growth for the Maricunga Salar.”

Competent Person Statements

I, Frederik Reidel, CPG, as author of this report entitled “NI 43-101 Technical Report: Lithium Resources Update, Blanco Project- ‘Old Code’ Concessions, III Region Chile, prepared for Minera Salar Blanco S.A., dated September 20, 2021 do hereby certify that:

1. I am employed as Principal Hydrogeologist and General Manager by Atacama Water-Chile, residing at Badajoz 45, OF 1701, Las Condes, Santiago, Chile.

2. I am a graduate of New Mexico Institute of Mining and Technology with a Bachelors of Science Degree in Geophysics, 1986

3. I am a registered Certified Professional Geologist (#11454) with the American Institute of Professional Geologists

4. I have worked as hydrogeologist for more than 30 years since my graduation. My relevant experience for the purpose of the Technical Report is:

   • Qualified Person for the Sal de los Angeles Project, Salta Argentina for LiX Energy Corp (2016 – to date).

   • Qualified Person and Member of the technical committees of Li3 Energy Ltd and Minera Salar Blanco for the development of the Maricunga Lithium Project in Chile (2011 – to date).

   • Co-author of the NI 43-101 Technical Report on the lithium and potash resources in Salar de Maricunga for Li3 Energy Ltd (2012).

   • Evaluation of lithium and potash resources in Salar de Olaroz for Orocobre Ltd. in support of the project’s DFS and NI 43-101 Technical Report (2010-2011).

   • Evaluation of lithium and potash resources in Salar de Cauchari for Lithium Americas Corporation; NI 43- 101 Technical Report preparation; member of the company’s Technical Advisory Panel (2009-2010).

   • Evaluation of brine resources in Salar de Hombre Muerto for FMC (1992-1993)

   • Consulting hydrogeologist in the evaluation and development of groundwater resources for international mining companies in North- and South America (1989-2012).

5. I have read the definition of "qualified person" set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI 43-101.

6. I have visited the Salar de Maricunga and the Blanco Project area numerous times between August 2011 and to date. I was present on site on a regular basis during the 2011 – 2021 drilling and testing programs.

7. I have been involved as a QP with the property since 2011.

8. I am responsible for the overall preparation of this report.

9. I am independent of the Issuer applying the test set out in Section 1.4 of NI 43-101.

10. I have read NI43-101, and the Technical Report has been prepared incompliance with NI43-101 and Form43- 101F1.

11. To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.

Dated this 20^th day of September 2021.

Frederik Reidel, CP

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”

Gil Playford, Chairman

gplayford@bearinglithium.com

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

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Figure 1

Maricunga project – Old Code and New Code properties

Figure 2

Geological Exploration Target

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

Highlights

• Updated Measured and Indicated resource for the Maricunga Stage One Lithium Brine Project in Chile confirmed an increase by 90 per cent compared with 2019 Definitive Feasibility Study.

• Measured and Indicated (M&I) resource now estimated as 1,905,000 tonnes of Lithium Carbonate Equivalent (LCE) for the Stage One (Old Code) mining properties at an average grade of 953 mg/l lithium.

• This increase in M+I Resources is in addition to the M+I Resources (2018) of 979,000 tonnes LCE in the Litio 1-6 (New Code) concessions to a depth of 200 m.

• The Maricunga resource remains open at depth, with a new exploration target for further resource expansion between 400m-550m in the Stage One concessions.

• The DFS update for the Stage One continues as expected by Worley, GEA Messo and Atacama Waters.

• The latest drilling for the resource increase on the Stage One mining concessions at Maricunga has been completed, with the five exploration core holes each reaching target depth of 400m.

Access to the full technical report prepared by Atacama Water Consultants is available on SEDAR.com and the BRZ website at https://www.bearinglithium.com/research-reports/

Resource Estimate Highlights

The updated resource estimate of 1,905,000 tonnes of lithium carbonate equivalent (LCE) represents close to double the initial resource of 1,020,000 tonnes of LCE in the equivalent area (Stage One) in the 2019 Definitive Feasibility Study (DFS). A resource equivalent to 4.95 Mt of KCl was also defined. The resource estimate was prepared in accordance with JORC and NI 43-101 international reporting standards. Results are summarized in Table 1.

Table 1: Mineral Resource Estimate for Lithium Metal (Li) and Potassium

Table 2 shows the total resources of the Stage One concessions (Old Code concessions) expressed as Lithium Carbonate Equivalent (LCE) and Potash (KCL).

Table 2: Mineral Resource Estimate for Lithium Carbonate Equivalent (LCE) and Potash

1. Lithium is converted to lithium carbonate (Li2CO3) with a conversion factor of 5.32.

2. Potassium is converted to potash with a conversion factor of 1.91

3. Numbers may not add due to rounding.

The Stage One project comprises the Old Code properties of Cocina 19-27, Salamina, Despreciada and San Francisco, which have a total combined area of 1,125 hectares (Figure 1). These properties were constituted under the 1932 Chilean mining law and have grandfathered rights for the exploitation, production and sale of lithium.

It should be noted that the M+I Resources described above in Tables 1 and 2 are in addition to the M+I Resources (2018) of 184 Kt Lithium (979 Kt LCE) in the Litio 1-6 (New Code) concessions to a depth of 200 m.

The Maricunga resource remains open at depth. A new Exploration Target between 400m-550m has been defined for further resource expansion below the Old Code Concessions, and between 200m– 550m below the New Code concessions. They could potentially contain between 1.2Mt-2.1Mt of LCE¹. Figure 2 illustrates the geological exploration target for all of the Maricunga concessions.

¹ An Exploration Target is not a mineral resource. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume

Figure 1: Maricunga project – Old Code and New Code properties is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd5fea2-7028-46b4-a8a7-5a06ddd7f55e

Figure 2: Geological Exploration Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe0a445e-dae3-4e1b-a5ee-5060aa9bdcd0

Minera Salar Blanco SA’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are very pleased with these updated results, which confirm Maricunga as one of the world’s richest lithium brine deposits. Technical activities continue towards the completion of an updated DFS in Q4 2021. The financing for Stage One is now a priority, with preliminary indications of interest received from international financial institutions and private funds for debt and equity financing of the project.”

Bearing Lithium Corporation’s Chairman, Gil Playford commented:

“Increasing the 100% owned Stage 1 Old Concession Resources by 90% solidifies the viability of the Definitive Feasibility Study scheduled for Q4 2021. Having exploration potential at depth for both the old and new concessions portends future growth for the Maricunga Salar.”

Competent Person Statements

I, Frederik Reidel, CPG, as author of this report entitled “NI 43-101 Technical Report: Lithium Resources Update, Blanco Project- ‘Old Code’ Concessions, III Region Chile, prepared for Minera Salar Blanco S.A., dated September 20, 2021 do hereby certify that:

1. I am employed as Principal Hydrogeologist and General Manager by Atacama Water-Chile, residing at Badajoz 45, OF 1701, Las Condes, Santiago, Chile.

2. I am a graduate of New Mexico Institute of Mining and Technology with a Bachelors of Science Degree in Geophysics, 1986

3. I am a registered Certified Professional Geologist (#11454) with the American Institute of Professional Geologists

4. I have worked as hydrogeologist for more than 30 years since my graduation. My relevant experience for the purpose of the Technical Report is:

   • Qualified Person for the Sal de los Angeles Project, Salta Argentina for LiX Energy Corp (2016 – to date).

   • Qualified Person and Member of the technical committees of Li3 Energy Ltd and Minera Salar Blanco for the development of the Maricunga Lithium Project in Chile (2011 – to date).

   • Co-author of the NI 43-101 Technical Report on the lithium and potash resources in Salar de Maricunga for Li3 Energy Ltd (2012).

   • Evaluation of lithium and potash resources in Salar de Olaroz for Orocobre Ltd. in support of the project’s DFS and NI 43-101 Technical Report (2010-2011).

   • Evaluation of lithium and potash resources in Salar de Cauchari for Lithium Americas Corporation; NI 43- 101 Technical Report preparation; member of the company’s Technical Advisory Panel (2009-2010).

   • Evaluation of brine resources in Salar de Hombre Muerto for FMC (1992-1993)

   • Consulting hydrogeologist in the evaluation and development of groundwater resources for international mining companies in North- and South America (1989-2012).

5. I have read the definition of "qualified person" set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI 43-101.

6. I have visited the Salar de Maricunga and the Blanco Project area numerous times between August 2011 and to date. I was present on site on a regular basis during the 2011 – 2021 drilling and testing programs.

7. I have been involved as a QP with the property since 2011.

8. I am responsible for the overall preparation of this report.

9. I am independent of the Issuer applying the test set out in Section 1.4 of NI 43-101.

10. I have read NI43-101, and the Technical Report has been prepared incompliance with NI43-101 and Form43- 101F1.

11. To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.

Dated this 20^th day of September 2021.

Frederik Reidel, CP

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”

Gil Playford, Chairman

gplayford@bearinglithium.com

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

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TAMPA, FL / ACCESSWIRE / September 29, 2021 / The Mosaic Company (NYSE:MOS) plans to release 2021 third quarter earnings results on Monday, November 1, 2021 after the market close of the New York Stock Exchange. The company will issue a news wire alert when the earnings materials are publicly available on the company's website.

The company's disclosure process will be consistent with the prior quarter and conducted as follows:

• Earnings materials posted to the website after close on November 1 will include earnings commentary, performance data and the full earnings release at https://investors.mosaicco.com/financials/quarterly-results.

• Market update slides will be posted to https://investors.mosaicco.com/market-education.

• The company will accept emailed questions until 6:30 p.m. Eastern, November 1, following the release. Questions to be addressed by the leadership team can be submitted to investor@mosaicco.com.

• On Tuesday, November 2, beginning at 11:00 a.m. Eastern Time, the company will provide brief prepared remarks and address the questions submitted via email. For the remainder of the hour, phone lines will be opened to allow for additional questions. A webcast of the conference call can be accessed by visiting Mosaic's website. An audio replay of the call will be available on the website for up to one year from the time of the earnings call.

• The conference call details are as follows:

About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

Contacts:

The Mosaic Company
Media:
Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com
or
Investors:
Paul Massoud, 813-775-4260
investor@mosaicco.com

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/666104/Mosaic-Announces-2021-Third-Quarter-Earnings-Release

TAMPA, FL / ACCESSWIRE / September 29, 2021 / The Mosaic Company (NYSE:MOS) plans to release 2021 third quarter earnings results on Monday, November 1, 2021 after the market close of the New York Stock Exchange. The company will issue a news wire alert when the earnings materials are publicly available on the company's website.

The company's disclosure process will be consistent with the prior quarter and conducted as follows:

• Earnings materials posted to the website after close on November 1 will include earnings commentary, performance data and the full earnings release at https://investors.mosaicco.com/financials/quarterly-results.

• Market update slides will be posted to https://investors.mosaicco.com/market-education.

• The company will accept emailed questions until 6:30 p.m. Eastern, November 1, following the release. Questions to be addressed by the leadership team can be submitted to investor@mosaicco.com.

• On Tuesday, November 2, beginning at 11:00 a.m. Eastern Time, the company will provide brief prepared remarks and address the questions submitted via email. For the remainder of the hour, phone lines will be opened to allow for additional questions. A webcast of the conference call can be accessed by visiting Mosaic's website. An audio replay of the call will be available on the website for up to one year from the time of the earnings call.

• The conference call details are as follows:

About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

Contacts:

The Mosaic Company
Media:
Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com
or
Investors:
Paul Massoud, 813-775-4260
investor@mosaicco.com

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/666104/Mosaic-Announces-2021-Third-Quarter-Earnings-Release

Drilling To Test Multiple Gold Veins

MIRAMICHI, New Brunswick, Sept. 29, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has completed 10 diamond drill holes for a total of 719 metres at its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick. The first 4 holes numbered BG21-09 TO BG21-12 tested the No. 18 vein where the Company reported visible gold with assay results grading up to 3,955 g/t gold over 0.10 m thick from a trench sample as reported by the Company on December 03, 2020.

Hole BG21-12 tested the original No. 9 vein. Holes BG21-13 to BG21-18 tested vein No. 22 over an 80 metre strike length. All 10 holes intersected quartz veins. Visible gold was noted in one hole. Logging and sampling are in progress as drilling continues. To date 102 samples sawn from holes BG21-09 to BG21-14 have been submitted to the lab. The drill is currently set up to test the No. 2 vein where assays up to 353 g/t gold were reported October 07, 2020 from trenching results. For additional information and maps visit Menneval Gold Project.

The Menneval Project: The Menneval Gold project is SLAM’s flagship project, the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.

About SLAM Exploration Ltd:

SLAM is a project-generating resource company focused on is its flagship Menneval Gold project where the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Millstream Break in northern New Brunswick. SLAM also expects to conduct preliminary programs on the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in southern New Brunswick. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC.

The Company has generated cash from the sale of securities received from mineral property option agreements with other companies and has sufficient funds for the work currently in progress. The Company has applied for funding assistance up to $100,000 under the New Brunswick Junior Mining Assistance Program in support of a proposed 2021 drilling program. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

QA-QC Sampling Procedures
The trenching and soil geochemical results referenced above were previously reported as were the QA-QC Sampling Procedures.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Drilling To Test Multiple Gold Veins

MIRAMICHI, New Brunswick, Sept. 29, 2021 (GLOBE NEWSWIRE) — SLAM Exploration Ltd. (“SLAM” or the “Company” on TSXV: SXL) is pleased to announce it has completed 10 diamond drill holes for a total of 719 metres at its wholly-owned Menneval gold project located in the mineral-rich province of New Brunswick. The first 4 holes numbered BG21-09 TO BG21-12 tested the No. 18 vein where the Company reported visible gold with assay results grading up to 3,955 g/t gold over 0.10 m thick from a trench sample as reported by the Company on December 03, 2020.

Hole BG21-12 tested the original No. 9 vein. Holes BG21-13 to BG21-18 tested vein No. 22 over an 80 metre strike length. All 10 holes intersected quartz veins. Visible gold was noted in one hole. Logging and sampling are in progress as drilling continues. To date 102 samples sawn from holes BG21-09 to BG21-14 have been submitted to the lab. The drill is currently set up to test the No. 2 vein where assays up to 353 g/t gold were reported October 07, 2020 from trenching results. For additional information and maps visit Menneval Gold Project.

The Menneval Project: The Menneval Gold project is SLAM’s flagship project, the Company intends to focus on testing the strike and depth extent of the swarm of new gold veins discovered in 2020. The expanded property is comprised of 572 mineral claim units covering 12,390 hectares located in northwestern New Brunswick. The Company holds a 100% interest in these claims with the exception of 4 claim units covering 105 hectares that are subject to a 1.5% NSR. The Company can buy down 0.5% of the NSR for $500,000 and it has the right of first refusal on the remaining 1% NSR.

About SLAM Exploration Ltd:

SLAM is a project-generating resource company focused on is its flagship Menneval Gold project where the 2021 trenching program is underway. The Company intends to conduct preliminary prospecting and geochemistry on the Gold Brook, Birch Lake gold, Wilson gold and Ramsay gold projects in the vicinity of the Millstream Break in northern New Brunswick. SLAM also expects to conduct preliminary programs on the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook and Wheaton Bay faults in southern New Brunswick. SLAM owns the Reserve Creek, Opikeigen and Miminiska gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc‐lead‐copper‐silver properties in the BMC.

The Company has generated cash from the sale of securities received from mineral property option agreements with other companies and has sufficient funds for the work currently in progress. The Company has applied for funding assistance up to $100,000 under the New Brunswick Junior Mining Assistance Program in support of a proposed 2021 drilling program. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

QA-QC Sampling Procedures
The trenching and soil geochemical results referenced above were previously reported as were the QA-QC Sampling Procedures.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, the closing of the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

KELOWNA, BC / ACCESSWIRE / September 29, 2021 / Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or, the "Company") announced today that its Phase one upgrade objective, completed ahead of schedule, is demonstrating its ability to achieve the targeted 100% increase in processing volumes at the Company's Krone Endora at Venetia Project (the "Project"). The upgrades are also expected to achieve the added benefit of reducing operating costs on a per ton basis through a reduction in plant consumables and maintenance. Further refinements are expected to continue over the coming weeks to ensure the full potential of these new upgrades is realized. The Company sees the completion of this initial phase as an important milestone which was required to enable it to achieve its long-term growth objectives. With Phase one complete, the focus will now be on advancing a larger Phase two upgrade, which is aimed at supporting the Company's additional growth plans.

Expansion Phases and Growth Objectives:

1. Phase One Upgrade – The initial phase completed at the Project's current Main Treatment Plant (MTP) included upgrades to the plant's material handling systems, diamond concentration systems, and electronic diamond x-ray equipment. In addition, various elements were streamlined to reduce water and power consumption, thus lowering the MTP's carbon footprint. The Company's stated objectives for this initial phase was to provide the Company with the potential to increase historical processing volumes by up to 100%, whilst lowering operating costs on a per ton basis. The successful implementation of this first phase was designed to provide the Company with the ability to generate additional rough diamond recoveries and revenues to support the funding and advancement of the planned, larger, second phase of upgrades.

2. Phase Two Upgrade – With the completion of phase one, the Company will now shift its focus to Phase two of its expansion plans. This larger growth effort was originally targeted to be completed in one phase and begin in 2020 as part of the Company's pre-COVID plan to establish larger processing facilities to support the long-term objectives of the Project. Despite having to delay these efforts as a result of the COVID-19 global pandemic, the Company revised and completed significant planning to adjust these efforts into two-stages in anticipation of the eventual resumption of operations. The Phase two upgrades will include the addition of high throughput X-ray technology and target further increase in processing capability of up to 100% over those achieved in the Phase one upgrades. In addition, the upgrades will significantly reduce the overall plant footprint size by co-location of the current In-Field Screening plant (IFS) and MTP, while further reducing the consumption of water, power, and other consumables on a per ton basis. The design of this planned layout is also expected to reduce the costs of operating the mining fleet. This second, larger upgrade is not expected to impact ongoing processing at the Project's current facilities during its implementation. The Company plans to begin advancing the Phase two expansion efforts prior to the end of 2021, with its completion targeted for the end of H1, 2022.

3. Exploration – In addition to the upgrades and further expansion of the Project's processing capabilities, the Company plans to initiate exploration on the larger surrounding areas of the Project in 2022. Past exploration and trial mining exercises to date have only focused on +/-300 ha of the Project's total 5,888 ha to date. Through these additional exploration efforts, the Company hopes to better determine the potential and location of the known displacement and erosion from the adjacent De Beers flagship Venetia diamond mine. The initial exploration plans will include additional drilling and bulk sampling and is expected to be followed by an update of the Project's NI43-101 report in due course. The results of the exploration work will be used to aid the Company in arriving at initial production decisions for the Project.

"The completion of this first phase of upgrades provides us with the potential to now increase rough diamond recoveries and revenues to support the advancement of the second larger phase", stated Mr. Dean Taylor, Diamcor CEO. "After the significant delays associated with COVID-19, our entire team is now looking forward to increasing processing volumes, recoveries, and revenues, as well as to the exploration efforts on the larger areas of the Project."

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

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

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

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

On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com

For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

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

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

WE SEEK SAFE HARBOUR

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

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/666024/Diamcor-Announces-Continued-Progress-on-Growth-Objectives

KELOWNA, BC / ACCESSWIRE / September 29, 2021 / Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or, the "Company") announced today that its Phase one upgrade objective, completed ahead of schedule, is demonstrating its ability to achieve the targeted 100% increase in processing volumes at the Company's Krone Endora at Venetia Project (the "Project"). The upgrades are also expected to achieve the added benefit of reducing operating costs on a per ton basis through a reduction in plant consumables and maintenance. Further refinements are expected to continue over the coming weeks to ensure the full potential of these new upgrades is realized. The Company sees the completion of this initial phase as an important milestone which was required to enable it to achieve its long-term growth objectives. With Phase one complete, the focus will now be on advancing a larger Phase two upgrade, which is aimed at supporting the Company's additional growth plans.

Expansion Phases and Growth Objectives:

1. Phase One Upgrade – The initial phase completed at the Project's current Main Treatment Plant (MTP) included upgrades to the plant's material handling systems, diamond concentration systems, and electronic diamond x-ray equipment. In addition, various elements were streamlined to reduce water and power consumption, thus lowering the MTP's carbon footprint. The Company's stated objectives for this initial phase was to provide the Company with the potential to increase historical processing volumes by up to 100%, whilst lowering operating costs on a per ton basis. The successful implementation of this first phase was designed to provide the Company with the ability to generate additional rough diamond recoveries and revenues to support the funding and advancement of the planned, larger, second phase of upgrades.

2. Phase Two Upgrade – With the completion of phase one, the Company will now shift its focus to Phase two of its expansion plans. This larger growth effort was originally targeted to be completed in one phase and begin in 2020 as part of the Company's pre-COVID plan to establish larger processing facilities to support the long-term objectives of the Project. Despite having to delay these efforts as a result of the COVID-19 global pandemic, the Company revised and completed significant planning to adjust these efforts into two-stages in anticipation of the eventual resumption of operations. The Phase two upgrades will include the addition of high throughput X-ray technology and target further increase in processing capability of up to 100% over those achieved in the Phase one upgrades. In addition, the upgrades will significantly reduce the overall plant footprint size by co-location of the current In-Field Screening plant (IFS) and MTP, while further reducing the consumption of water, power, and other consumables on a per ton basis. The design of this planned layout is also expected to reduce the costs of operating the mining fleet. This second, larger upgrade is not expected to impact ongoing processing at the Project's current facilities during its implementation. The Company plans to begin advancing the Phase two expansion efforts prior to the end of 2021, with its completion targeted for the end of H1, 2022.

3. Exploration – In addition to the upgrades and further expansion of the Project's processing capabilities, the Company plans to initiate exploration on the larger surrounding areas of the Project in 2022. Past exploration and trial mining exercises to date have only focused on +/-300 ha of the Project's total 5,888 ha to date. Through these additional exploration efforts, the Company hopes to better determine the potential and location of the known displacement and erosion from the adjacent De Beers flagship Venetia diamond mine. The initial exploration plans will include additional drilling and bulk sampling and is expected to be followed by an update of the Project's NI43-101 report in due course. The results of the exploration work will be used to aid the Company in arriving at initial production decisions for the Project.

"The completion of this first phase of upgrades provides us with the potential to now increase rough diamond recoveries and revenues to support the advancement of the second larger phase", stated Mr. Dean Taylor, Diamcor CEO. "After the significant delays associated with COVID-19, our entire team is now looking forward to increasing processing volumes, recoveries, and revenues, as well as to the exploration efforts on the larger areas of the Project."

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

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

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

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

On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com

For further information contact:
Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

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

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

WE SEEK SAFE HARBOUR

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

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/666024/Diamcor-Announces-Continued-Progress-on-Growth-Objectives