Rare Earth Archives - Page 2 of 40

QUEBEC CITY, Oct. 01, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (TSXV: STH) (“Stelmine” or the “Company) is pleased to announce that crews are now mobilizing for diamond drilling at the Company’s 100%-owned Courcy Property in northeastern Quebec to follow up on the discovery of near-surface high-grade gold in “Zone 1” where the last historical drill hole returned 42 metres grading 4.2 g/t Au including 105 g/t over 1.5 metres within a section of 12.3 g/t Au over 13.5 metres. The 42-metre discovery intercept (core interval) started just 12 metres downhole.

The 3,000-metre Phase 1 diamond drilling program at Courcy, scheduled to commence on or about October 5, 2021, will target gold-bearing zones at the core of a folded thrust fault exposing highly deformed and metamorphosed garnet and sulphide-rich iron formations and amphibolites at the hinge point of a broad antiform.

Gold mineralization observed in Zone 1 appears shallow dipping and is associated with a 21-km-long fault zone discovered by Stelmine geologists who followed up SOQUEM’s limited historical work carried out more than a decade ago. SOQUEM drilled just eight shallow holes at Courcy totalling less than 800 metres, all in “Zone 1”, and the last hole returned the very significant 42-metre intercept with the core data reviewed by Stelmine geologists. Over the last 3 years, extensive geological and structural mapping of the area by the Stelmine team has produced a robust geological model for Courcy.

High-Grade Gold 2.4 km South of Discovery Hole

Approximately 2.4 km south of SOQUEM’s 2006 discovery hole, historical channel sampling returned gold values as high as 167 g/t Au over 0.5 metre in one of several prospective zones already outlined at Courcy (“Zone 4”). Extensive exploration of this zone by Stelmine confirms the gold potential with the discovery of new showings.

Courcy lies at the under-explored eastern edge of the 600-km-long Opinaca metasedimentary basin that also hosts Newmont’s Eleonore mine on the western side of the James Bay Territory. Stelmine’s total land package in the Caniapiscau district (Courcy, Mercator plus three other properties) now encompasses more than 800 km^2.These properties feature several geological similarities to Eleonore.

Corporate Presentation

Visit www.Stelmine.com for an updated Corporate Presentation, or click on the following link: https://temp.stelmine.com/Stelmine_CorporatePresentation.pdf

Courcy Video

Visit www.Stelmine.com for a video on Courcy featuring Dr. Normand Goulet, also a Stelmine director, or click on the following link: https://www.youtube.com/watch?v=MQWMrEhled8

Qualified Person

The technical information in this news release has been reviewed and approved by Michel Boily, P. Geo, PhD. Mr. Boily is the qualified person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 km² in this part of northern Quebec, highlighted by the Courcy and Mercator Projects.

FORWARD LOOKING INFORMATION

Certain information in this press release may contain forward-looking statements, such as statements regarding the expected closing of and the anticipated use of the proceeds from the Offering, acquisition and expansion plans, availability of quality acquisition opportunities, and growth of the Company. This information is based on current expectations and assumptions (including assumptions in connection with obtaining all necessary approvals for the Offering and general economic and market conditions) 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. Risks that could cause results to differ from those stated in the forward-looking statements in this release include those relating to the ability to complete the Offering on the terms described above. 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. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators. The filings are available at www.sedar.com.

CAUTIONARY STATEMENT

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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

For further information, contact:

Isabelle Proulx, President and CEO	Investor Relations:
Email: iproulx@stelmine.com	MarketSmart Communications Inc.
Tel: 581-998-1222	Adrian Sydenham
	Toll-free: 1-877-261-4466
	Email: info@marketsmart.ca

Follow us on:

Website : https://temp.stelmine.com
Twitter : https://twitter.com/Stelmine1
LinkedIn : http://www.linkedin.com/company/stelmine-canada-ltd
Facebook: https://www.facebook.com/StelmineCanada/

Detroit is seeing some stiff competition these days – and not just from Japan and Korea. The economy is shifting toward green tech, and new automotive companies are popping up to take advantage of the newly opened electric vehicle (EV) and battery playing field. Just as a century and more ago there were scores of auto makers competing to build the best combustion engine cars, and scores of designs in the game, ranging from external combustion steam cars to rotary engine motorcycles, so today the EV field presents a wide open front for new companies to innovate and find the best designs for mass market electrically powered cars.

The trick now, for investors, is to find the companies that look like winners as the EV sector expands, grows, and matures. It may be too early to tell which EV makers are going to hang in for the long haul and dominate the market a century from now – or even if electric cars will still be on the road in the distant future. But the data tools on the TipRanks platform have helped us pick out three companies that look like winners in the near- to mid-term, over the next 12 months. These are companies with low-cost shares to entice investors, and – according to the Wall Street stock experts – the potential to double or more in that time. Here are the details.

EV Stocks Under $10:

REE Automotive (REE)

We’ll start with REE automotive, a unique automotive design company that uses high tech to redesign the critical area of a car – the space between the chassis and the wheel – integrating critical vehicle components such as brakes, steering, and electric drive motors into modular configurations, effectively building the car specifically for its target application and market.

All of that sounds like a mouthful, but what it means is, REE’s design allows for more passenger space and more cargo space on a fully-flat, electrically powered vehicle platform. The design is intended facilitate both production and use of the fully assembled electric vehicles.

Earlier this year, REE announced its intention to go public via a SPAC merger, with the blank check company 10X Capital Venture Acquisition Corporation. The move, completed on July 22, saw the REE ticker start on the NASDAQ and brought the company some $288 million in new capital. Since then, the merger has disappointed; REE’s market cap has slipped from $3.1 billion to the current $1.8 billion.

Although the stock has slipped since the SPAC transaction, REE had several notable successes in the first half of the year. The company secured collaborations with four cutting edge, high-tech automotive manufacturers around the world, agreements that will enable REE and its partners to work together on building out new EV and battery technologies. The company also secured vital sections of its supply chain system, in preparation for starting mass production of its flat platform chassis EVs in 2023.

Finally, in a move that shows production and commercialization will be focused in the US, REE on July 23 announced that its US headquarters will be located in Austin, Texas. The Lone Star State has been the epicenter of US job creation recently, and has built a reputation as a business-friendly locale.

Cowen analyst Jeffrey Osborne initiated his coverage of REE with a Buy rating and a $15 price target that suggests a powerful 160% one-year upside.

Backing his stance, Osborne writes, “We are constructive on REE's modular EV chassis approach trimming the time and investment required in building new platforms. Its REEcorner and REEboard aim to serve as building blocks for modular EV production. We are positive on its capability to provide mission-specific vehicles as in our view it opens several doors to optimization, particularly in the commercial vehicle market. REE's flat chassis will enable space optimization, yielding lesser trips via volume maximization… The light and medium commercial vehicle markets are ripe for electrification given their "return to base" operation as well as focus on total cost of ownership (TCO), and we view REE as potentially well-positioned to unlock value.” (To watch Osborne’s track record, click here.)

This newly public stock has 3 positive ratings on file, for a Strong Buy analyst consensus. The shares are priced at $5.77 and their $16.67 average price target is even more bullish than Osborne allows, implying an upside of 189% in the year ahead. (See REE’s stock analysis at TipRanks.)

ElectraMeccanica Vehicles Corporation (SOLO)

Next up, ElectraMeccanica, takes a nearly opposite approach to the EV market. This company has put together the Solo, a single-seat, three-wheeled EV designed specifically for the short range urban commute. The Solo features small size, a 100-mile rage, and an 80 mph top speed. This small one-seater has a door on either side of body, or easy ingress/egress, and boot at the rear. The vehicle emphasizes the size and maneuverability needed to fit into tight urban spaces.

The Solo is being marketed to urban residents as a solution for short-distance driving, as well as to rental fleets and delivery companies. In the delivery role, the ‘cargo’ version of the car has an enlarged trunk, and targets ‘last mile’ delivery – a niche for which electric vehicles are well suited. While ElectraMeccanica’s Solo is not yet in production for delivery, the company plans to start shipping to customers by the end of the year – and is now taking reservations on the car, for $250.

ElectraMeccanica is also moving to expand its product line, with two additional all-electric vehicles. Both are styled along more traditional ‘car’ lines than the Solo. The Electric Roadster and sporty Tofino both offer higher performance, in speed and range per charge, than the Solo, and it is reflected in pricing. Where the Solo starts at $18,500, the Roadster is predicted to have a $150,000 price tag when it hits showrooms.

The company is continuing work on its Arizona manufacturing facility, where production vehicles will be assembled and the engineers will have facilities for technical research. When up and running, the facility will fill 235,000 square feet, employ up to 500 people, and turn out 20,000 Solo vehicles annually.

5-star analyst Craig Irwin, of Roth Capital, notes this company’s progress toward full production and delivery, as well as its sound balance sheet. He writes, “Electra Meccanica made healthy progress towards ramping commercial production and deliveries during 2Q21, with first SOLO deliveries now likely later this quarter. Construction of the company's Mesa, AZ facility is making rapid progress, and should drive substantial cost savings that enable the steep deliveries ramp expected in 2023. We expect the $250m cash position to provide adequate funding through facility completion and working capital to support near-term growth. We would be buyers for improving longer-term growth visibility.” (To watch Irwin’s track record, click here.)

These comments back a Buy rating, and the $12.25 price target implies a robust 12-month upside potential of 252%. Irwin’s is the only SOLO review posted during the past 3 months. The stock is currently trading at $3.48 per share. (See ElectraMeccanica’s stock analysis at TipRanks.)

Ideanomics (IDEX)

Let’s wrap up this list with Ideanomics, a company that lives in both the EV battery and the fintech sectors. As a financial tech company, Ideanomics works to make capital available for group purchase discounts on commercial EVs, battery backs, and power usage. Financial services are both powered and secured by AI tech and blockchain encryption.

Even though the EV market is new, companies are ramping it up, buying vehicle fleets and establishing infrastructure. These are activities well within the purview of Ideanomics to incentivize and fund. The company’s stated goals are to increase confidence in the electrification of the vehicle sector, and to provide a transparent and profitable financial service to expand and buy into EVs.

This company’s Mobile Energy Global division, its EV segment, has been moving to expand in recent months. The company has a network of subsidiaries involved in EVs, in charging infrastructure, and in energy production, which it describes all together as ‘the three pillars’ of the EV sector. Ideanomics controls the only electric tractor manufacturer in the US, Solectrac, and its Wave wireless high-power charging network helps maintain the largest fully electric mass transit bus fleet in the US. And, at the end of August, Ideanomics acquired VIA Motors in a 100% stock transaction. Utah-based VIA produces Class 2, 3, 4, and 5 size electric trucks for short-haul and mid-mile delivery runs.

In 2Q21, Ideanomics’ revenue grew sequentially for the sixth quarter in a row, reaching $33.2 million, coming in slightly ahead of the consensus estimate. Gross profit came in at $9.3 million. The company has a full war chest to fund further activities, with $396 million in cash on hand as of June 30.

In coverage of this stock, Roth’s Craig Irwin notes that Ideanomics has multiple paths to profitability, in part due to smart acquisitions. The analyst writes of this company, “Ideanomics reported strong 2Q21 progress with revenue ahead of our estimates. The quarter's results marked first revenue contribution from the US Hybrid and Solectrac acquisitions, supplementing continued strong revenue production at Timeos. The company's WAVE inductive charging business now reports a pipeline of over $100m, suggesting this group could be one of the fastest growing in 2022.”

In line with his comments, Irwin rates the stock as a Buy with a $7 price target to suggest an upside of a hefty 191% from the current share price of $2.40.

Ideanomics is another name going under Wall Street's radar right now and there are currently no other reviews on record. (See Ideanomics’ stock analysis at TipRanks.)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Lundin Mining Corporation logo (CNW Group/Lundin Mining Corporation)

TORONTO, Sept. 30, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

The number of issued and outstanding shares of the Company has decreased by 921,491 to 735,475,804 common shares with voting rights as at September 30, 2021. The decrease in the number of issued and outstanding shares from September 1, 2021 to date is a result of the Company purchasing share under the existing normal course issuer bid (the "NCIB"), partially offset by the exercise of employee stock options or the vesting of employee share units. All shares purchased under the NCIB were cancelled.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on September 30, 2021 at 17:00 Eastern Time.

Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/30/c2285.html

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

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that approximately 80 tonnes of bulk sample material is being prepared at our facilities in St. Lewis, NL to be delivered to our testing partner SGS Canada (Lakefield), ON. The bulk sample from our Critical Rare Earth Element District in SE Labrador will consist of 40 tonnes each from our Deep Fox resource and from our Foxtrot resource. The bulk sample will be used to scale up our successful bench scale results using Low Intensity Magnetic Separation (“LIMS”) along with Wet High Intensity Magnetic Separation process (“WHIMS”) to produce a Rare Earth Element concentrate for further testing of the Direct Extraction Process. (see Search Minerals news release dated April 12, 2021).

The use of magnetic separation for rare earth ore processing is uniquely suited to our deposits in SE Labrador. The 80 tonnes bulk sample is expected to demonstrate that a continuous process involving crushing, grinding, and magnetic separation (LIMS and WHIMS) can treat large samples of mineralization from Foxtrot and Deep Fox and achieve the potential recoveries and quality of concentrates suggested by the small scale testing.

The magnetic pilot plant testing is the first phase of a four phase sequentially planned program.

The four phases are outlined below with the ultimate goal of producing Neodymium metal. Search is working with our testing and government partners to finalize proposals and potential co-funding for the four-phase program.

PHASE 1 Magnetic Separation (SGS Canada)

80 t of Deep Fox and Foxtrot material
- Stage 1 – the material will be crushed and ground to 270 mesh particle size;
- Stage 2 – the material goes through Low Intensity Magnetic Separation (LIMS), which will capture the highly magnetic magnetite, to produce an enriched iron concentrate, suitable for sale;
- Stage 3 – the remaining material will be processed through a Wet High Intensity Magnetic Separation (WHIMS), to produce an enriched REE concentrate to be further processed using our patented Direct Extraction technology (Phase 2). Approximately 21 tonnes of concentrate should be produced;
- Stage 4 – the balance of the material will be stored for future testing for Zirconium and Hafnium recovery and waste characterization for environmental permitting.

PHASE 2 Direct Extraction

21 tonnes of magnetic concentrate, expected from Phase 1, will be processed through a Demonstration Plant operation to produce a concentrated mixed rare earth carbonate containing an expected 0.7 tonnes of REE’s for refining and separation into individual oxides.

PHASE 3 Rare Earth Separation

The mixed rare earth carbonate from Phase 3 will be processed in a solvent extraction pilot plant to produce individual oxides of the magnet making elements Neodymium and Praseodymium.

PHASE 4 Rare Earth Metal Production

A large sample of Neodymium oxide from Phase 3 will be processed to Neodymium metal of suitable quality and quantity to qualify for the production of Neodymium based magnets.

Greg Andrews, President/CEO states: “We are excited to complete our processing flowsheet from mining to magnet making metals as part of our ‘Sprint to Production’. The advantage of including the magnetic separation process is expected to be a smaller footprint for our Direct Extraction processing facility with lower capital and operating costs. The flowsheet also provides for a potential revenue stream for iron concentrate and zircon concentrate. The mining and production of a rare earth concentrate by WHIMS magnetic separation can be set up at each resource and the higher-grade concentrate transported to a centrally located Direct Extraction process plant with access to a deep water port, chemical and reagent supply, technical work force and shipping routes for finished products.”

Dr. David Dreisinger added: “Our physical separation and chemical processing will each produce a dry-stackable waste residue, which is an important design philosophy Search has maintained with the changed flowsheet. The volume of material being treated by our Direct Extraction Process will be reduced by over 70%, which will greatly reduce the size of facility, with an associated reduction in reagents and other operating costs.”

Search is following the COVID protocols which are currently in place within the Province of Newfoundland & Labrador to ensure the safety of our employees and the communities where we work.

Qualified Persons:

Dr. David Dreisinger, Ph.D., P.Eng, is the Company’s Vice President, Metallurgy, and Qualified Person (as defined by National Instrument 43-101) who has supervised the preparation of and approved the technical information reported herein. The company will endeavour to meet high standards of integrity, transparency, and consistency in reporting technical content, including geological and assay (e.g., REE) data.

About Search Minerals Inc.

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

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

For further information, please contact:

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

Cautionary Statement Regarding “Forward-Looking” Statements:

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

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

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

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.

CONTACT INFORMATION:
Mike Taylor, President & CEO Contact: 506-623-8960 mike@slamexploration.com

Eugene Beukman, CFO Contact: 604-687-2038 ebeukman@pendergroup.ca	SEDAR: 00012459E

Drilling To Test Multiple Gold Veins

About SLAM Exploration Ltd:

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

CONTACT INFORMATION:
Mike Taylor, President & CEO Contact: 506-623-8960 mike@slamexploration.com

Eugene Beukman, CFO Contact: 604-687-2038 ebeukman@pendergroup.ca	SEDAR: 00012459E

VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") reports that on September 27, 2021, CAVU Mining Corp. ("CAVU") announced excellent drill results from a new area of skarn mineralization at the Hopper copper-gold-silver project, located in southwestern Yukon. CAVU holds the Hopper project under option and can acquire a 70% interest in the project by incurring $5 million in exploration expenditures, paying Strategic $700,000 in cash, and issuing Strategic 500,000 CAVU shares, by March 31, 2025.

Highlights from the first three drill holes recently announced by CAVU were:

1.405% copper, 0.532 g/t gold and 11.7 g/t silver over 22.28 m in hole 1;
0.622% copper, 0.197 g/t gold and 4.2 g/t silver over 9.39 m in hole 2; and,
1.365% copper, 0.488 g/t gold and 9.6 g/t silver over 10.96 in hole 3.

Details concerning the drill results, locations of the holes and photos of the mineralized intervals appear on CAVU's website cavumining.com.

"Strategic congratulates CAVU on its discovery and anticipates that future drilling will result in more discoveries within this large skarn/porphyry complex," states Doug Eaton, CEO of Strategic. "CAVU's discovery spotlights the copper potential of southwestern Yukon, an area which hosts several mines, former mines and undeveloped copper deposits. Strategic owns a number of other promising copper-gold projects in this area and sees CAVU's success a potential stimulus for exploration throughout the district."

The Hopper project is located along the Ashihik road, 50 km from its junction with the Alaska Highway and 22 km north of the Ashihik hydroelectric dam. A system of 4 by 4 roads provides access to the main exploration areas. The project is comprised of 365 mineral claims encompassing a 74 sq. km. area. The Hopper project is situated within the Tradition Territory of the Champagne and Ashihik First Nation, which has an exploration benefits agreement with Strategic.

QP Statement

Roger Hulstein, P. Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within the news release.

About Strategic Metals Ltd.

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

Strategic has a current cash position of $7.5 million and large shareholdings in a number of active mineral exploration companies including 40% of Broden Mining Ltd., 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.9% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio, excluding Broden Mining Ltd is approximately $21 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"
President and Chief Executive Officer

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

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

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

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

SOURCE: Strategic Metals Ltd.

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VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCWX:CMRZF) (the "Company" or "Commerce") is pleased to announce that it has initiated a mineral processing program to determine the final Prefeasibility Study (PFS) design criteria of the front-end flowsheet for the Ashram Rare Earth and Fluorspar Deposit. The program has been developed in coordination with the Qualified Persons for the Project's PFS flowsheet design and will be carried out at Hazen Research, where the Company's conventional base flowsheet has been developed.

The program is designed to confirm the mineral processing components in order to establish the front-end flowsheet design for the PFS. The design of the downstream hydrometallurgical flowsheet for the PFS is currently being confirmed as part of the ongoing program to produce mixed rare earth carbonate concentrate to satisfy several requests by global processors (see news release dated September 9, 2021). Specifically, the mineral processing program will include,

Incorporation of the advancements to the flotation circuit, made by academic and government institutions, into the Company's base flowsheet developed at Hazen Research.
Final flotation and magnetic separation development testwork to confirm the optimal reagent suite and conditions of the front-end flowsheet.
Phase II comminution variability testing on nine (9) domain composites of drill core collected throughout the deposit.
Front-end flowsheet variability testing on early/mid mine-life deposit material using domain composites.
Filtration testing on flotation concentrate and tailings to determine material handling and tailings management facility design.

Company President, Chris Grove comments, "The Company has significantly advanced the flowsheet's development through focused work in past programs at Hazen Research as well through the numerous optimizations and discoveries from our institutional collaborations, which continue today. As we advance through the later stages of the PFS for Ashram, it is now time to confirm the flowsheet's PFS design criteria which is the next step in advancing the study to completion. Flowsheet development remains an ongoing process through to Feasibility and is commonly refined during operation, and as such, the Company will continue to advance the test work and unlock the considerable potential for optimization that remains in which Hazen and our institutional metallurgical partners have outlined."

Flotation and Wet High Intensity Magnetic Separation (WHIMS)
Approximately 5 tonnes of Ashram Deposit bulk sample material, at a grade of 2.0% rare earth oxide (REO), have been crushed and ground to use as feed for the test program. The initial focus of the program will be to incorporate into the base flowsheet the discoveries and advancements made by the academic and government institutional groups, namely CanmetMINING (a branch of Natural Resources Canada – NRCan) and Université Laval, whose test programs have been supported by various provincial and federal grant programs. The successes of these programs include significant reductions in reagent quantities, alternative reagent suites, and improved recoveries in cleaner-stage flotation (see news releases dated May 13, 2020, and December 17, 2019, respectively). Once the flotation component of the flowsheet has been confirmed and the optimal flotation reagent scheme and conditions have been determined, a scale-up will be completed, which may include additional piloting.

Following confirmation of the flotation circuit design, the magnetic separation circuit will be further advanced and optimized. The initial work on the magnetic separation stage (WHIMS) proved extremely successful with a strong upgrading factor at very high stage recoveries (high 80s to mid-high 90s) resulting in the high-grade monazite concentrates (>40% rare earth oxide) comparable to global producers. As such, significant room remains for additional improvement and the test work planned herein for the magnetic separation stage will target further optimization of this circuit including the evaluation of different types of magnetic separator equipment.

Comminution and Variability
The Phase II comminution test work is currently being carried out by SGS Canada on nine (9) rock unit domain composites and will include Bond low energy impact testing (CWi), JK drop-weight testing (DWT), SAG mill comminution testing (SMC), Bond rod mill grindability testing (RWi), Bond ball mill grindability testing (BWi), and Bond abrasion testing (Ai). The Phase II comminution test work will complement the Phase I work completed in 2012 on near-surface drill core intersections (<71 m depth) located in the central areas of the deposit. Comminution data is a critical component of a PFS and is required to determine appropriate equipment sizing, maintenance cycles, and energy requirements at the mill.

As part of the overall program, variability testing will be completed to expand upon previous work, including applying the base case flotation flowsheet to the nine (9) domain composites currently being used for the comminution testwork. The information will complement the comminution data and further constrain equipment sizing and other critical design criteria for the process plant. A specific focus will be placed on material which is expected to comprise the initial years of mine-life.

Variability testing is a critical component of flowsheet development and ensures that the process plant can handle the natural variability of the deposit mineralization. Some of this work has already been completed throughout the test programs over the past few years and include testwork on drill core at different locations within the deposit, as well as bulk sample material from surface outcrop.

Filtration
As part of the overall program, filtration testing will be completed on flotation concentrate and tailings to determine material handling and tailings management facility design. Tests will include static settling, vacuum, and pressure filtration and complement the preliminary filtration testing completed as part of the 2015 flotation pilot plant operation. The data collected will be used to determine the appropriate filtration methods and equipment sizing for operation at the process plant, as well as determine the optimal handling, transport, and storage methods for the concentrate and tailings.

The current flowsheet for the Ashram Rare Earth and Fluorspar Deposit, developed by Hazen Research, uses conventional unit processes to produce a high-grade rare earth mineral (monazite) concentrate that is comparable to active global hard-rock REE producers. Specifically, the Ashram flowsheet utilizes a flotation – HCl leach – magnetic separation process approach to achieve high-grade (>40% REO) monazite concentrates at high recovery, similar in nature to those which are commonly processed globally today.

NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

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

Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include, but are not limited to, statements regarding the progress of the Company's metallurgical program and any future methods employed therein, the Company's ability to reduce downstream processing costs and risk, the Company's ability to repeat and produce high-grade monazite concentrates, the Company's ability to become one of the lowest cost rare earth producers globally as well as its potential ability to be a long-term supplier to the met-spar and acid-spar markets. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the methods proposed do not work as well as expected, the leach residue may not be usable, that the Company may experience difficulties producing concentrate or achieving an upgrade to the concentrate; changing costs for mining and processing; increased capital costs; the timing and content of the work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; that testing of the Company's process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/665795/Commerce-Resources-Corp-Initiates-Mineral-Processing-Program-to-Determine-Final-Prefeasibility-Flowsheet-Design-Criteria

Incorporation of the advancements to the flotation circuit, made by academic and government institutions, into the Company's base flowsheet developed at Hazen Research.
Final flotation and magnetic separation development testwork to confirm the optimal reagent suite and conditions of the front-end flowsheet.
Phase II comminution variability testing on nine (9) domain composites of drill core collected throughout the deposit.
Front-end flowsheet variability testing on early/mid mine-life deposit material using domain composites.
Filtration testing on flotation concentrate and tailings to determine material handling and tailings management facility design.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/665795/Commerce-Resources-Corp-Initiates-Mineral-Processing-Program-to-Determine-Final-Prefeasibility-Flowsheet-Design-Criteria

Vancouver, British Columbia–(Newsfile Corp. – September 27, 2021) – TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that, further to the Company's news release dated July 14, 2021, International Lithium Corp. ("ILC") announced the purchase by Ganfeng Lithium of ILC's remaining 8.58% stake in Litio Minera Argentina S.A., the owner of the Mariana Lithium Project in Salta Province, Argentina. TNR Gold holds a 1.8% net smelter returns ("NSR") royalty on the Mariana Lithium Project.

The news release issued on September 21, 2021 by ILC stated:

"The board of International Lithium Corp. (the "Company" or "ILC") is pleased to announce that it has agreed to the sale of its remaining 8.58% stake in Litio Miñera Argentina S.A. "LMA", the company owning the Mariana lithium salar project in Argentina, and also to sell its other rights in the project, including the right to acquire a further 10% in the Mariana project. The legal entity acquiring is Ganfeng Lithium Netherlands Co., B.V., a subsidiary of the Company's partner Ganfeng Lithium Co. Ltd."

The news release issued by ILC on July 8, 2021 stated:

"The Company has now received a 300-page report (the "Report") from strategic partner Ganfeng Lithium Co. Ltd., ("GFL") that contains an updated mineral resource estimate for the Mariana lithium brine project (the "Project") located in Salta, Argentina. This Report was not prepared for public NI43-101 reporting standards, and therefore the Company is unable to disclose it fully. However, in the interests of investor transparency and to avoid selective disclosure, we are disclosing the following details from the Report which have already been disclosed in a news release issued by Ganfeng Lithium on July 6, 2021, and/or in a news release by the Salta Government in Argentina on June 16, 2021.

Highlights from the Report which are already in the public domain are as follows:

The resource estimate contained in the Report, detailed in the table below, includes:

6,854,000 tonnes of lithium carbonate ("Li₂CO₃") equivalent (LCE) in the Measured and Indicated Resource categories, an increase of 55% over the 2019 estimate of 4,410,000 tonnes of Measured and Indicated Resource (Company news release, February 6, 2020)
an additional 1,267,000 tonnes of Li₂CO₃ in the Inferred Resource category
these amounts are also now stated as 7,863,000 tonnes of lithium chloride equivalent in the Measured and Indicated Resource categories, and an additional 1,454,000 tonnes of lithium chloride equivalent in the Inferred Resource category

Ganfeng have reported that an Environmental Impact Report approval has been received from the Salta regional government in Argentina for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.
The Salta regional government has disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

Report – Mariana Lithium Brine Project, Argentina

Further to previous Company news releases dated March 8, 2017, April 20, 2017, and February 6, 2020, ILC has received the Report for the Mariana lithium brine project containing an update to the resource estimate for the Project. Golder Associates Consulting Ltd. ("Golder") prepared the Report based on an independent lithium brine resource estimate by Geos Mining Minerals Consultants ("Geos") based in Sydney, Australia.

Resource Category	Aquifer Volume (Mm³)	*Brine Volume (GL)**	Brine Density (g/mL)	Li (mg/L)	K (mg/L)	Li (kt)	LCE^# (kt)	LiCl^# (kt)
Measured	17,653	2,648	1.217	315	9,598	833	4,436	5,089
Indicated	9,286	1,393	1.213	326	10,044	454	2,418	2,774
Inferred	4,747	712	1.211	334	10,121	238	1,267	1,454
Measured + Indicated	26,939	4,041	1.215	319	9,752	1,287	6,854	7,863

* Brine volumes are reported using a conservative aquifer average specific yield (SY) of 15%. Due to the nature of brine deposits, it is not relevant to estimate Mineral Resources to a specific cut-off grade. However, a nominal grade cut-off value of 230 mg/L Li has been applied for reporting purposes only.

^# Based on standard conversion rates, and assumes full extraction and conversion.

LCE = Lithium Carbonate Equivalent; conversion factor 5.324 (Ministry of Energy and Mines, British Columbia, Canada).

LiCl = Lithium Chloride; conversion factor 6.1078

Figures have been rounded. Well efficiency and production efficiency are modifying factors to resources and reserves, respectively.

The Qualified Person who prepared the brine resource estimate in the Report is Llyle Sawyer, MAIG of Geos. The effective date for the estimate is June 4, 2021.

Mineral resources are not mineral reserves as defined by the Canadian Institute of Mining and Metallurgy, and the Company cannot guarantee that the resources reported here will be converted to mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability."

Kirill Klip, Executive Chairman of the Company, commented, "We are pleased with the great news when it comes to Ganfeng Lithium and the Mariana Lithium Project. I am also very pleased to see that Ganfeng Lithium has consolidated 100% of the Mariana Lithium Project and advanced it to the construction stage. This news comes after a 55% increase in measured and indicated resources following the previously announced 2020 increase of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng and salute to people of Argentina on the celebration of 'Pachamama' – the ritual that thanks the earth for all that we receive from it. This ritual was performed at Mariana Lithium in September after successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment ("PEA"), announced in our news release of January 28, 2019. It was the first PEA on the project and provided a potential value for the total NSR Royalty from Mariana's life of mine cashflow, which has now been very significantly increased.

We welcome the news from the Salta regional government following its discussions with Ganfeng that the likely project expenditure to bring the Mariana Project to full production is approximately US$600 million.

TNR does not have to contribute any capital for the development of Mariana and our NSR Royalty does not depend on the size of ILC's diluted ownership in the Mariana Lithium Project. The 1.8% Mariana NSR Royalty on the entire Mariana Lithium Project is a very important part of TNR Gold's portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders."

The ILC press releases and website material appear to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify ILC's information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.

ABOUT TNR GOLD CORP.

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

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

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

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

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

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

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

On behalf of the Board of Directors,

Kirill Klip
Executive Chairman

www.tnrgoldcorp.com

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97652

Vancouver, British Columbia–(Newsfile Corp. – September 27, 2021) – Playfair's (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) NQ core drilling program on its large (201 square kilometers) 100% owned RKV Copper Project in South Central Norway is in progress at the Rødalen high copper MMI anomaly, the first of seven drill targets delineated by Playfair in five areas. Drill Notifications have been made and approved for 38 initial drillholes and up to 122 additional holes dependent on results.

Don Moore, CEO of Playfair, comments, "It's a long and winding road to discovery. After over two years of methodical exploration using modern methods in an almost 400-year-old under-explored mining district Playfair has defined seven high priority drill targets in five areas. We have now started our drill program to test these compelling targets."

Figure 1

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Figure 2

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In keeping with Playfair's intent to minimise the impact of its exploration on the natural environment Playfair is using a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Although lightweight the drill is capable of drilling to 150m depth using BQ sized rods (36.5 mm or 1.437 inches core diameter) and to 100m depth using NQ sized rods (47.8mm or 1.872 inches core diameter).

All seven drill targets show compelling coherent MMI Cu anomalies with multiple MMI Cu values greater than 6,000 ppb. The highest value recorded was 53,300 ppb MMI Cu.

A short MMI Report by SGS states that values greater than 6,000 ppb MMI Cu "are likely to be associated with weathering copper sulphides."

The Rødalen drill target is less than 350 metres east of the former Rødalen Mine. The large anomaly is open to the North and extends over an area 300m long by up to 100m wide. The highest MMI copper value is 14,700ppb, 108 times the background value of 136.5 ppb. There is no record of previous exploration in the immediate vicinity of the anomaly.

The Norwegian Geological Survey (NGU) reports:

"The Rødalen deposit was mined in the period between 1750 to 1810, with further exploration until 1918. About 40,000 tonnes of copper-rich ore was produced. The deposit is hosted by quartzite and thin horizons of amphibolite in generally calcareous biotite mica schist of the Gula group. The mineralization is totally covered by waste, but old reports describe the ore as 1-2 m wide ore zones rich in chalcopyrite and zones of massive pyrite and pyrrhotite."

NGU further reports that samples taken from the dump by NGU geologists contained up to 1.81% copper and 0.96 gpt gold.

Overall management and execution of Playfair's RKV drilling program is provided by Ronacher McKenzie Geoscience Inc., an independent consulting group, who, as part of their supervision, will ensure that appropriate quality assurance/quality control (QA/QC) protocols are in place. RMG follows the Canadian Institute of Mining, Metallurgy and Petroleum's (CIM) Best Practices.

In Norway, Reidar Gaupås, Playfair's representative, has and continues to assist Playfair within the local community and enhance Playfair's profile in Norway.

Promin AS, a Trondheim-based consultancy with extensive experience in the Norwegian Mining industry provides logistical support and experienced geologists. Helge Rushfeldt has greatly assisted in the start-up of the drill program. Kjell Nilsen, one of Norway's most experienced field geologists who discovered Nussir, Norway's largest known copper deposit and Jonas Dombrowski will directly supervise the drilling, core logging and analysis.

Arctic Drilling AS, a Norwegian drilling company based in Kautokeino will carry out the drilling assisted by Canadian drillers familiar with the man portable drill who will train Arctic Drilling personnel in the operation of this drill. The two Canadian drillers are onsite following Covid Quarantine on their initial arrival in Norway.

The drill targets are MMI (Mobile Metal Ion) copper anomalies discovered by sampling target areas generated by Windfall Geotek (TSXV: WIN) (OTCQB: WINKF) using their proprietary Computer Aided Resources Detection System (CARDS).

The seven drill targets were previously described: Storboren (November 07, 2019, and December 05, 2019, News Releases), Sæterfjellet, (January 06, 2021, News Release), Kletten North and Kletten South (January 28, 2021, News Release), Røstvangen Northeast and Røstvangen Southwest (February 17, 2021, News Release) and Rødalen (March 11, 2021, News Release).

A presentation on the drilling plans can be found at this direct link or on Playfair's website.

The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.

The road to a cleaner environment includes electric vehicles. Electric vehicles need copper, nickel, and cobalt. There is no green future without minerals.

For further information visit our website at www.playfairmining.com or contact:

Donald G. Moore
CEO and Director
Phone: 604-377-9220
Email: dmoore@wascomgt.com

D. Neil Briggs
Director
Phone: 604-562-2578
Email: nbriggs@wascomgt.com

Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain "forward-looking" statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97680

VANCOUVER, British Columbia, Sept. 27, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that it has commissioned a Preliminary Economic Assessment (“PEA 2022”) report on the combined Deep Fox/Fox Trot project with a target date of completion of Q1 2022.

The completion of an updated NI 43-101 Mineral Resource estimates for Deep Fox and Foxtrot and completion of PEA 2022 are important next steps as the Company accelerates its “Sprint to Production”. The PEA 2022 will also provide our environmental consultants the essential information required to update and submit the new plan for the Environmental Impact Statement. We have been completing some baseline studies this year, which will form part of our submission.

The PEA 2022 will benefit from the following improvements.

1) Increased Material from Deep Fox Resource

PEA 2022 will incorporate the results of the 7000 m drilling program completed at Deep Fox in 2021.
The combination of the Deep Fox and Foxtrot resources will potentially allow for an increase in production rate to 2,000 tonnes per day compared to the 2016 PEA (PEA 2016) on Foxtrot alone.
Assays from Deep Fox have shown higher grades of the key rare earth elements used in the permanent magnet market (Neodymium, Praseodymium, Dysprosium and Terbium) as compared to Foxtrot.

2) Metallurgical Process Optimization

The optimization of the Direct Extraction Process in two pilot plant programs has resulted in increased recoveries on our key elements (Nd, Pr, Dy, Tb).
The introduction of magnetic separation into the mineral processing flowsheet will:

(1) produce an iron ore concentrate by-product,
(2) concentrate the rare earths in 15-27% of the ore mass, resulting in a smaller extraction plant and,
(3) open the possibility of making a zirconium/hafnium by-product.

Produce a mixed rare earth carbonate to supply the separation facility.
New grinding and magnetic beneficiation added to the flowsheet to optimize capital and operating costs.

3) Rare Earth Element Price Increases

Rare earth prices have increased significantly over the past year, and the upward trending price escalations are expected to continue.
Current and future price projections (Adamas Intelligence) will form the basis for the PEA economic analysis.

Greg Andrews, President/CEO stated: “We are focused on delivering PEA 2022. Our exploration and metallurgical teams have made significant advances since PEA 2016 and we are excited to capture these benefits in our new economic evaluation. We are expecting a significant increase in the annual gross revenue, with the potentially increased production rate, higher grades and improved recovery rates from our patented Direct Extraction technology. We continue to optimize our processing flowsheet with magnetic concentration of rare earth minerals providing a reduced feed stream to our Direct Extraction process. As a result of the smaller treatment rate of the concentrate, we are anticipating capital and operating cost reductions with the new flowsheet.”

Andrews added: “Search is well positioned to take advantage of the market focus on critical material supply. The need for rare earth elements for magnet making is expected to increase dramatically, mainly driven by the auto industry movement to electric vehicles using magnetic drives and the increasing pace of renewable energy generation. Search raised $ 2.52M in flow through funds for exploration in Labrador in 2021 along with over $ 2.2M in hard dollar private placements. Additional funds are also being received from the exercise of warrants and options, and support from government grants. The Company is funded to complete our PEA 2022.”

Search is following the COVID protocols which are currently in place within the Province of Newfoundland & Labrador to ensure the safety of our employees and the communities where we work.

Qualified Persons:

About Search Minerals Inc.

For further information, please contact:

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

Cautionary Statement Regarding “Forward-Looking” Statements:

Vancouver, British Columbia–(Newsfile Corp. – September 24, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has begun the 2021 exploration program at its 100% owned South Quarry Tungsten Property in Newfoundland. The 2,950-hectare South Quarry Tungsten Property in east-central Newfoundland is one of Great Atlantic's 13 mineral assets in resource-rich Atlantic Canada, one of the top mining regions of the world. The program will consist of prospecting and rock/soil geochemical sampling, exploring for tungsten and gold mineralization.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Great Atlantic" in the search box.

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The property hosts high grade tungsten mineralization, exceeding 1% tungsten oxide or WO3, from two quarries. The 2021 program, which is focusing on the central-northern regions of the South Quarry Property, is exploring for new zones of tungsten mineralization in high priority target areas identified by the company during previous exploration programs. These include areas of anomalous tungsten found in both bedrock and soil.

Tungsten bearing pegmatite veins occur in the northern region of the property, one area of current focus, where soil samples from 2015 returned highly anomalous tungsten values of 234 and 402 ppm. The company confirmed high-grade tungsten mineralization (scheelite) in veins in this area during 2015, with high-grade tungsten samples from rubble and bedrock at the South Quarry and an adjacent smaller quarry including:

Eleven quarry rubble grab samples exceeded 5% WO3.
A 20-centimeter long channel sample along a 15-centimeter wide vein returned 2.96% WO3.
A grab sample from a 25-centimeter wide vein in the South Quarry returned 11.94% WO3.

Tungsten mineralization, located during the 2019 program in the new target area, occurs in quartz-dominant veins being exposed in bedrock at a historic trench/stripped area. The highlight was a bedrock grab sample, weighing 1.02 kilograms, which returned 0.871% tungsten or 1.10% WO3.

The property is located within the eastern region Exploits Subzone of the Newfoundland Dunnage Zone, which hosts several recently discovered significant gold discoveries, including those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization at the South Quarry Property.

The 2021 program will also evaluate certain areas for gold mineralization as the property is underexplored with respect to gold.

Christopher R. Anderson, President and CEO, stated: "Mr. Martin and Myself were an integral part of the initial Management team that advanced the Sisson Tungsten-Molybdenum Project in New Brunswick, an advanced stage project currently operated by Northcliff Resources Ltd. We understand the tungsten market and feel that the South Quarry Tungsten Property, although early stage, has the ear marks of being a significant asset for the company. We would be happy to welcome a Joint Venture partner to assist in advancing the South Quarry Tungsten Project."

Great Atlantic continues to grow utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

The shares are trading at $0.36. For more information, please visit the company's website www.GreatAtlanticResources.com, contact Christopher R. Anderson, President & CEO, at 604-488-3900 or email office@GreatAtlanticResources.com. For Investor Relations contact Andrew Job at 416-628-1560 or IR@GreatAtlanticResources.com.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97521

VANCOUVER, British Columbia, September 24, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) today announced that its annual general meeting ("AGM") will take place on Tuesday, October 5, 2021 at 10:00 a.m. ET. Shareholders as of the record date of Friday, May 28, 2021 will be eligible to vote at the AGM. At the AGM, shareholders will be asked to vote FOR Fancamp’s director nominees.

The AGM was originally scheduled for Tuesday, June 29, 2021, but was postponed to accommodate a court application. Following the recent decision of the Supreme Court (British Columbia) in favour of Fancamp, some members of the dissident group reached an agreement with the Corporation and will support the management slate. The Corporation is holding the AGM in a timely manner and the original record date for the meeting has been preserved.

Meeting Details

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

Vote Your Gold Proxy – Deadline: Friday, October 1, 2021 at 10:00 a.m. ET

Advisors

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210924005497/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

VANCOUVER, BC / ACCESSWIRE / September 24, 2021 / Commerce Resources Corp. (the "Company") (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) announces that it has applied to the TSX Venture Exchange (the "Exchange") for an amendment to the terms of the 9,674,153 warrants (the "Warrants") issued in connection with the Company's private placement which held its first closing on October 11, 2019 and second closing on October 31, 2019. The Company proposes to extend the expiry date of the Warrants from October 11, 2021 to October 11, 2024 in respect of the first closing and October 31, 2021 to October 31, 2024 in respect of the second closing. In addition, the Company has applied for an amendment of the Warrants' exercise price from $0.50 to $0.285. All other terms of the Warrants will remain the same. The extension of the expiry date and repricing is subject to the approval of the Exchange.

About Commerce Resources Corp.

Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed REC and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

"Chris Grove"

Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
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About Commerce Resources Corp.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.

"Chris Grove"

Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.com

SOURCE: Commerce Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/665534/Commerce-Resources-Corp-Announces-Warrant-Extension-and-Repricing

VANCOUVER, BC / ACCESSWIRE / September 23, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its 100% owned 2,950 Hectare, South Quarry Tungsten Property, located in east-central Newfoundland. The program will consist of prospecting and rock – soil geochemical sampling, exploring for tungsten and gold mineralization.

The Property hosts high grade tungsten mineralization from two quarries exceeding 1% WO3. The Property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Recent significant gold discoveries are reported within the Exploits Subzone.

The 2021 program is focusing on the central – northern regions of the South Quarry Property, exploring for new zones of tungsten mineralization in high priority target areas identified by the Company during previous exploration programs. These include areas of anomalous tungsten in bedrock and / or in soil. One area of current focus is within the northeast region of the property where 2015 soil samples returned highly anomalous tungsten values of 234 and 402 ppm. Tungsten bearing pegmatite veins occur in the northern region of the property. Great Atlantic confirmed high-grade tungsten mineralization (scheelite) in veins in this area during 2015 (News Release of November 19, 2015). Eleven quarry rubble grab samples exceeded 5% WO3 (W % x 1.26 equals WO3%). A grab sample from a 25-centimeter wide vein returned 11.94% WO3.

Tungsten bearing pegmatite veins at South Quarry

The 2021 program will also evaluate certain areas for gold mineralization. The Property is underexplored with respect to gold. It is located within the eastern region of the Exploits Subzone. The Exploits Subzone hosts recently discovered gold discoveries, including those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization at the South Quarry Property.

Christopher R. Anderson, President, CEO. and Director, stated "Mr. Martin and Myself were an integral part of the initial Management team that advanced the Sisson Tungsten-Molybdenum Project in New Brunswick, an advanced stage project currently operated by Northcliff Resources Ltd. We understand the tungsten market and feel that the South Quarry Tungsten Property, although early stage, has the ear marks of being a significant asset for the company. We would be happy to welcome a Joint Venture partner to assist in advancing the South Quarry Tungsten Project."

A qualified person verified the 2015 sample data stated in this news release and supervised the 2015 sampling. The 2015 samples (and lab-inserted blank, duplicate and standard samples) were analyzed at ALS Canada Ltd. (ALS Canada is independent of Great Atlantic Resources). Tungsten analysis was by lithium metaborate fusion followed by acid dissolution and ICP-MS analysis with some samples re-analyzed by XRF.

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

On Behalf of the board of directors
"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"

President CEO Director
604-488-3900 – Dir

Investor Relations:
Andrew Job
1-416-628-1560

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

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

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

SOURCE: Great Atlantic Resource Corp

View source version on accesswire.com:
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Figure 1

Abitibi Geology-Midland Gold Projects

Figure 2

Lewis Project Location

Figure 3

Lewis Geology and New 2020-21 Discovery

Figure 4

Lewis MAG TD and New 2020-21 Discovery

Figure 5

IP Ore-Vision Survey

Figure 6

IP Chargeability Map and Targets

Figure 7

Golden Nest New Showing

Figure 8

Golden Nest Sample A0358475

Figure 9

Golden Nest Sample A0361223

MONTREAL, Sept. 23, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to report the start of a stripping program on its new Golden Nest gold showing discovered in the summer of 2021 on its Lewis project, wholly owned by Midland and located approximately 60 kilometres southwest of the town of Chapais in the Abitibi region of Quebec.

This new project, acquired in April 2020, consists of 172 claims (95 km²) and covers a strategic position characterized by a regional flexure proximal to the Guercheville-Opawica deformation zone. The Lewis project is located approximately 60 kilometres northwest of the Nelligan deposit jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

Grab samples from the new Golden Nest showing yielded two gold grades of 10.2 g/t Au and 2.1 g/t Au. These values are located approximately 1.1 kilometres east of the Red Giant showing discovered by prospecting in 2020, where channel samples yielded values up to 0.35 g/t Au over 9.0 metres.

The Golden Nest gold showing is directly associated with an induced polarization (IP) anomaly that coincides with a sharp increase in resistivity and corresponds to a small outcrop of approximately 10 square metres exhibiting 2 to 10% pyrite mineralization. The IP anomaly associated with this gold-bearing zone may be traced over a distance of at least 400 metres to the west. The gold-bearing zone is entirely new, readily accessible by road and has never been drill-tested.

The recently launched stripping program is mainly designed to define the extent and investigate the extensions of the mineralized zone on the Golden Nest showing, and to improve our understanding of the structural controls and associated alteration patterns. During the program, the best unexplained IP anomalies located along the extensions of the showing will also be tested. Assay results from the stripping program are expected later this fall.

The Lewis gold property is located approximately 60 kilometres northwest of the Nelligan deposit, which hosts inferred resources estimated at 96.99 million tonnes grading 1.02 g/t Au for 3.19 million ounces of gold (Source: Nelligan NI 43-101 Technical Report and Initial Mineral Resource Estimate for the Nelligan Project, Quebec dated October 22, 2019, Filed on SEDAR on December 4^th 2019, prepared by Alain Carrier, Vincent Nadeau-Benoit and Stéphane Faure of InnovExplo Inc. for Iamgold Corp. and Vanstar Mining Resources). In addition, approximately 10 kilometres west of the Lewis property lies the former Lac Shortt mine, which historically produced 2.7 million tonnes at a grade of 4.6 g/t Au (Source: MERN-SIGEOM).

Cautionary statements:

Grab samples are selective by nature and reported values are not necessarily indicative of mineralized zones.

The true thickness of mineralized zones intersected in channel samples cannot be determined with the information currently available.

Mineralization occurring at the Nelligan and Lac Shortt gold deposits is not necessarily indicative of mineralization that may be found on the Lewis property held by Midland.

Quality control

Exploration programs are designed, and results are interpreted by Qualified Persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks for every 20 samples. Samples from the Lewis project were analyzed by atomic absorption (AA-23) at ALS Minerals laboratories in Val-d’Or, Quebec. All samples are also analyzed for multi-elements, using four-acid ICP–AES method (ME-ICP61) at ALS Minerals laboratories in Vancouver, British Columbia.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Mining Inc., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate shareholder value.

This press release was prepared by Mario Masson. P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com
Website: https://www.midlandexploration.com/

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.