VANCOUVER, BC / ACCESSWIRE / August 31, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") announces that it owns 40% of the outstanding shares of Broden Mining Ltd. ("Broden"), a private company that is working with Ross River Dena Council ("RRDC") to complete the acquisition of a large package of land ("Vangorda Lands") in the Faro mining district, southern Yukon (Figure 1). The Vangorda Lands host several deposits containing zinc, lead, silver and other valuable metals, and there is excellent potential for additional discoveries (see joint news release with the Government of Canada, Ross River Dena Council and private entity Broden Mining dated August 30, 2021).

"Strategic and its partners have been working on this acquisition for several years and we consider it to be one of, if not the most important milestones in the history of the Company," states Doug Eaton, CEO of Strategic. "The deposits on the Vangorda Lands are some of the largest and richest zinc-lead-silver prospects in Canada and they benefit from excellent infrastructure. We anticipate working closely with our partners to bring this important mining district back into production."

There are five known mineral deposits on the Vangorda Lands and adjacent Silver Range Project, plus several less-explored prospects. The largest deposits are Grum, Grizzly and Keg. The known deposits collectively contain more than 5.38 billion pounds of zinc, 3.54 billion pounds of lead, 111 million ounces of silver and 870,000 ounces of gold, in all resource categories (see attached table for details). The reader is cautioned that the resource estimates are historical in nature.

Broden and RRDC have formed Tze Zul Development Corporation as the vehicle to explore the Vangorda Lands and, if warranted, develop the deposits. The parties have an agreement in principal with Canada and Yukon concerning the acquisition of mineral rights within the Vangorda Plateau portion of the Faro Mine reclamation area and claims that are under receivership, to the southeast of the Vangorda Plateau. There is also an agreement with Silver Range Resources Ltd. ("Silver Range") concerning acquisition of a 100% interest in a large claim block that lies north of the Vangorda Lands. Tze Zul will not be acquiring any rights or obligations concerning the remainder of the Faro Mine reclamation area, which covers the former Faro Mine, the old mill complex and the tailings storage facility. Figure 2 shows the location of the various components of the land package, along with the location of former mines and mineral deposits.

Strategic's interest in Broden is increased indirectly by its 18.1% shareholding in Silver Range, which owns 10% of Broden and retains a net smelter return interest in mineral production from its mineral claims in the area (see Silver Range Project on Figure 2).

Technical information in this news release has been reviewed and approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and a qualified person for the purposes of National Instrument 43-101.

About Strategic Metals Ltd.

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

Strategic has a current cash position of over $8 million and large shareholdings in a number of active mineral exploration companies including 38.5% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.6% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.1% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio, excluding Broden is approximately $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.

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

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

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

The Vangorda Lands and adjacent Silver Range Project host five known mineral deposits and several less-explored prospects. A summary of the known deposits is shown in the table below.

All resources and reserves shown in the above table are historical in nature and have not been validated at this time and are considered to have been estimated using industry best practices at the time.

• The Keg Deposit resources are stated in a 2017 NI 43-101 technical report by Silver Range Resources.

• Reserves and resources for the Grizzly, Vangorda, and Grum Deposits can be found in Anvil Range Mining Corporation's 1996 Annual Information Form, which is available on SEDAR.

• Resources for Swim are taken from the CIM Special Volume 37 and predate NI 43-101 reporting.

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/662105/Strategic-Metals-Announces-Large-Share-Position-in-Broden-Mining

FOCUSED ON EXPLORING ATLANTIC CANADA

VANCOUVER, BC / ACCESSWIRE / August 31, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has received a permit from the Newfoundland and Labrador government for diamond drilling at its Golden Promise Gold Property specifically at the Otter Brook gold showing. The permit is for a maximum of 12 drill holes at the Otter Brook gold showing which is located within the east region of the property. The Company is planning to mobilize a diamond drill to this area this month. The Golden Promise Property is located within the central Newfoundland gold belt.

Great Atlantic confirmed gold mineralization at the Otter Brook gold showing with rock samples returning up to 5.75 grams / tonne (g/t) gold.

Eight of 11 rock samples (float, subcrop and outcrop) collected by the Company at the Otter Brook gold showing during 2020 returned gold values in the 0.719 – 5.758 g/t range. An outcrop grab sample returned the highest value of 5.758 g/t gold. The 2020 program was managed by a Qualified Person. The rock samples were assayed for gold by Eastern Analytical Ltd. by Fire Assay – AA. Eastern Analytical Ltd. is independent of Great Atlantic.

Great Atlantic will be drilling under the Otter Brook gold showing and along its projected strike.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include 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 on the Golden Promise Property.

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 IR @ GreatAtlanticResources.com
Office Line 604-488-3900

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.

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.

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/662177/Great-Atlantic-Receives-Drilling-Permit-for-the-Otter-Brook-Gold-Showing-Located-In-Its-100-Owned-Golden-Promise-Gold-Property-Central-Newfoundland

How far off is Lynas Rare Earths Limited (ASX:LYC) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. There's really not all that much to it, even though it might appear quite complex.

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

Check out our latest analysis for Lynas Rare Earths

Is Lynas Rare Earths fairly valued?

We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) estimate

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = AU$2.7b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (1.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 6.9%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = AU$438m× (1 + 1.9%) ÷ (6.9%– 1.9%) = AU$8.9b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= AU$8.9b÷ ( 1 + 6.9%)¹⁰= AU$4.6b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$7.3b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of AU$6.7, the company appears about fair value at a 18% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

Important assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Lynas Rare Earths as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.9%, which is based on a levered beta of 1.058. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Looking Ahead:

Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Lynas Rare Earths, we've put together three important aspects you should assess:

1. Risks: For instance, we've identified 1 warning sign for Lynas Rare Earths that you should be aware of.

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

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

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

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

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

Montreal, Quebec–(Newsfile Corp. – 31 août 2021) – Ressources Minières Vanstar Inc. (TSXV: VSR) (la « Société ») a le plaisir de confirmer que ses actions ordinaires sont désormais éligibles à la compensation et au règlement électronique par l'intermédiaire de la Depository Trust Company (« DTC ») aux États-Unis. Les actions ordinaires de la société se négocie actuellement sur l'OTCQB sous le symbole VMNGF.

DTC est une filiale de la Depository Trust & Clearing Corporation, une société américaine qui gère la compensation et le règlement électroniques des titres de sociétés cotées en bourse aux États-Unis. Les titres qui peuvent être compensés et réglés par voie électronique par la DTC sont considérés comme admissibles au DTC. L'admissibilité au DTC devrait simplifier le processus de négociation et améliorer la liquidité des actions ordinaires de la Société aux États-Unis.

J.C. St-Amour, chef de la direction de la Société a affirmé : « L'admissibilité au DTC simplifiera la négociation de nos actions ordinaires aux États-Unis. Les investisseurs existants bénéficient d'une liquidité et d'une vitesse d'exécution potentiellement plus grandes. Cela ouvre également la porte à de nouveaux investisseurs qui pourraient avoir été précédemment restreints de nos actions ordinaires. »

À propos de Vanstar

Vanstar Mining Resources Inc. est une société d'exploration aurifère avec des propriétés dans le nord du Québec à différents stades de développement. La Société détient une participation de 25% dans le projet Nelligan (3,2 millions d'onces d'or inférées, NI 43-101 octobre 2019) et 1% NSR. Le projet Nelligan a remporté le prix « Découverte de l'année » lors du gala Xplor 2019 de l'Association d'exploration minière du Québec. Vanstar détient également 100% de la propriété Félix en développement dans le groupe de Chicobi (camp minier Abitibi, 65 km à l'est de la propriété Amex Perron) et 100% d'Amanda, une propriété de 7 306 ha située sur la formation Auclair avec des indices aurifères historiques titrant jusqu'à 12,1 g / t Au sur 3 mètres.

La Bourse de croissance TSX et son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent aucune responsabilité quant à la véracité ou l'exactitude de ce contenu.

SOURCE :

JC St-Amour
Président et PDG
+1 (647)-296-9871
jc@vanstarmining.com
www.vanstarmining.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94919

Montreal, Quebec–(Newsfile Corp. – August 31, 2021) – Vanstar Mining Resources Inc. (TSXV: VSR) ("Vanstar", or the "Company") is pleased to confirm that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States. The company's common shares trade on the OTCQX under the ticker symbol VMNGF.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States.

J.C. St-Amour, President and CEO, stated, "DTC eligibility will simplify trading of our common shares in the United States. Existing investors benefit from potentially greater liquidity and execution speeds. This also opens the door to new investors that may have been previously restricted from our common shares."

About Vanstar

Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the "Discovery of the Year" award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters.

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.

SOURCE :

JC St-Amour
President and CEO
+1 (647) 296-9871
jc@vanstarmining.com
www.vanstarmining.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94912

MONTREAL, Aug. 31, 2021 (GLOBE NEWSWIRE) — The management of Mosaic Minerals Corp. (“Mosaic” or the “Company”) (CSE: MOC) is pleased to announce the nomination of Mr. Jonathan Hamel as President and Chief Executive Officer effective immediately.

Mr Hamel is President and CEO at Bullion Gold Resources Corporation (TSX-V : BGD), Secretary of the Board of Vanstar Mining Resources Inc (TSX-V : VSR) since 2020. He acted as Interim President and CEO during management transition in 2020. He was also a Director at Vanstar from 2018 to 2021. In addition to his 20 years of management experience, Mr. Hamel sits on the Board of Directors of the Montreal Economic Institute, a globally recognized independent public policy think tank focused on proposing reforms based on market principles and entrepreneurship as well as Guest Lecturer at École des dirigeants – HEC Montréal. Mr Hamel served on the Financial Technology Innovation Committee of L’Autorité des Marchés Financiers (Québec) from 2017 to 2020. Mr. Hamel will also join the Board of Directors of The Company replacing Mr. Guy Morissette who will continues to advise the Company as an external consultant.

The management is also pleased to announce the nomination of Mr. Jean Rainville as Director of The Company. Mr. Rainville has over 40 years of experience in the mining industry and financial markets. From 2008, his principal occupation was President and CEO of Blackrock Metals Inc. In 2018, Mr. Rainville ceased to serve as CEO, while retaining his position as President until late 2019, at which time he became a consultant. Previously, Mr. Rainville worked as an engineer, a fund manager and a director of corporate finance and has also served as a director or advisor for several public companies including Bonterra Resources Inc (TSX-V : BTR) and Fokus Mining Inc. (TSX-V: FKM). He holds bachelor’s degrees in Mining Engineering and Commerce, both from McGill University.

Grant of Stock Options
The Company also announces that incentive stock options have been granted to directors, officers, and consultants to purchase up to 1,100,000 common shares at a price of $0.095 per share for five years, pursuant to its Stock Option Plan. The Company currently has 42,678,500 shares issued and outstanding, along with 4,050,000 options (including the options described above) and 9,924,500 warrants outstanding.

Related-Party Transaction

An Insider of the Corporation subscribed for an aggregate of 100,000 Units for gross proceeds of $7,000.00 under the Private Placement (the 'Insider Subscriptions') disclosed on August 26, 2021. The Insider Subscriptions constitute 'related party transactions' within the meaning of Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions ('MI 61-101'). The Corporation has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 in respect of the Insider Subscriptions.

About Mosaic Minerals Corporation
Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Security Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper-Nickel-Zinc deposits in priority on the Quebec Province territory which have a long and successful history of base metal production principally in the Rouyn-Noranda, Matagami, Vald’Or and Chibougamau mining camps.Exploring for base metal was put on hold a few decades ago to the profit of exploring for gold but thepotential for discovering large Cu, Zn, Ni deposits is still very present.

On Behalf of the Board
M. Jonathan Hamel
President & CEO
jhamel@mosaicminerals.ca

This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

PERTH, Australia, Aug. 26, 2021 /CNW Telbec/ – Galaxy Resources Limited (ASX: GXY) (Company) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company's platform (ASX):

• Merger of Galaxy and Orocobre Implemented

The announcement can be viewed at:

https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy

SOURCE Galaxy Resources Limited

View original content: http://www.newswire.ca/en/releases/archive/August2021/26/c8739.html

VANCOUVER, British Columbia, Aug. 26, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that the planned 7000m of the DEEP FOX Phase 3 drill program have been completed. DEEP FOX is located in our Port Hope Simpson – St. Lewis Critical Rare Earth Elements (CREE) District in SE Labrador. The drill program consisted of 38 drill holes. Currently, we have logged 29 drill holes and sent over 3500 samples for geochemical assay. Our geological team expect to have the remainder of the holes logged and samples, approximately another 2500, sent for assay shortly.

DEEP FOX DRILL PROGRAM UPDATE

The drill program commenced June 2, 2021.

• Drilling program observations:

  • We finished the drill program ahead of schedule;

  • Tested beyond the outer limits of the current mine pit design;

  • Visual mineralization observed in every drill hole.

• Drilling program progress:

  • Starting to receive assay results. We will not be reporting until all assay results have been received and interpreted.

• Next Steps of our Exploration Program:

  • We will delay our planned HQ geotechnical program until our resource engineers provide an updated mine pit design. We believe our planned HQ drill program will be expanded to include more drill holes and will commence after an updated mineral resource and mine pit design has been completed.

  • We anticipate having all assay results and interpretation to initiate the updated resource estimation by October 31, 2021.

  • We will commence our channel sampling program at SILVER FOX and FOX MEADOW. We anticipate our program will allow these prospects to be drill ready for 2022.

  • Late September, we have scheduled our team to work on our recently staked and acquired properties in the RED WINE DISTRICT, located in Northern Labrador.

  • The exploration programs are being funded from our April 2021 flow-through funding of $ 2,520,000.

Dr. Randy Miller, Vice-President, Exploration comments; “We have observed mineralization in all drill holes and await assay results to determine the grades. Drilling has expanded the zone of visual mineralization on the 150m and 200m levels to the NE and on the 50m level to the west. We are also currently digitizing all drilling and channel sampling data for Deep Fox, including drill logs, assays, and specific gravity and magnetic susceptibility measurements, to aid in the geological interpretation of the mineralization and associated rocks.”

Greg Andrews, President/CEO states; “Our immediate goal is to advance our Critical Rare Earth Element District to production. This will require (a) advancing our DEEP FOX project to a measured and indicated resource, (b) providing engineering and economic studies such as Preliminary Economic Assessments and Feasibility Studies and (c) developing and submitting an Environmental Assessment report to initiate the environmental and permitting process for DEEP FOX. Our goal is to have the updated Preliminary Economic Assessment report by January 2022. Also, we will continue our exploration work in the District to advance some of our other prospects to be drill ready for 2022.”

The DEEP FOX DEPOSIT occurs about 2 km northeast of St. Lewis, Labrador and 12 km east of the FOXTROT DEPOSIT.

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 Person:

Dr. Randy Miller, Ph.D., P.Geo, is the Company's Vice President, Exploration, 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

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

Cautionary Statement Regarding “Forward-Looking” Statements:

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

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

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

BEDFORD, NS/ ACCESSWIRE / August 26, 2021 / Silver Spruce Resources Inc. (TSXV:SSE)(FRA:S6Q1) ("Silver Spruce" or the "Company") is pleased to announce promising gold and multi-element assay results of its Phase 2 ground exploration program on the 1,130-hectare Jackie Au-Ag property ("Jackie" or the "Property"). The program was focused around a pristine exploration target with encouraging Au-Ag assays from our Phase 1 prospecting and rock sampling (see Figures 1, 2 and 3). The work was performed on a 100-hectare section of the Property with grid-controlled detailed geological mapping and rock sampling focused on a 25-hectare central block covering the core of the gold and silver discovery area with additional wider spaced grid mapping of the surrounding area.

"We are excited about the potential for Jackie given the positive results and an original discovery with our early exploration campaigns. The intense silicate and oxide alteration with high-grade precious metal values ranging up to 9.65 g/t Au and 515 g/t Ag during Phase 1, and up to 4.15 g/t Au and 100 g/t Ag in separate samples during Phase 2, verified and extended the target area anomaly," said Greg Davison, Silver Spruce VP Exploration. "Our Hermosillo-based geological team completed tightly-spaced 25-50 metre grid sampling and mapping which successfully increased the target to 200m x 400m. A distinct northwesterly trend of anomalous precious metal and typical heavy metal pathfinder elements runs parallel to several local and regional lineaments which provide new untested targets for follow-up sampling."

Figure 1. Jackie and Diamante 2 Concession Location Map. Access from Tepoca south on Highway #117 and local road to La Quema. Discovery area 3km north of La Quema is indicated by the white arrow.

Assay results for 10 Phase 2 samples and 3 Phase 1 samples sorted by Au content are presented in Table 1. A total of 310 rock samples were collected to date in two programs.

Table 1. Select assay results sorted by Au g/t from Phase 1 and Phase 2 rock sampling – n=310 samples

Figure 2. Ridge located 50 metres above the valley floor, showing intense oxidation and argillic alteration peripheral to and within large polymetallic anomaly as indicated in Figure 1.

The Company, with a six-person team (two senior geologists, two junior geologist and two field assistants) and all necessary logistical support undertook a Phase 2 exploration program, including rock sampling and geological mapping of known areas exhibiting significant alteration or mineralization (see Figures 2 and 3), collection of structural data and alteration zoning to assist with vectoring toward potential Phase 3 drilling targets. The investigation of several known hyperspectral alteration targets identified from satellite imagery was deferred due to rainy season access limitations. All aspects of the exploration program were conducted with strict adherence to COVID-19 protocols for personal safety.

Figure 3. Outcrop sampling north of exposed ridge with high grade Au 9.56 g/t and Ag 515 g/t – sample 221009 showing intense zeolite, clay and jarosite alteration of andesite

Figure 4 illustrates the Phase 1 geochemistry, based on 75^th, 90^th, 95^th and 98^th percentiles using proportional symbols, for gold with the inset map for Au, Ag, Pb, Zn and Cd. Figure 5 illustrates the Phase 1 results for Au with an inset map for Phase 2 Au distribution. Figure 6 illustrates the Phase 1 and 2 results for Cu. The data clearly show a strong multi-element cluster effect (Au, Ag, Bi, Sb, Cd, Zn and Hg) and strong silicate alteration focused over the principal 200m x 400m target area extending for the pathfinder elements on a general northwesterly trend and open along strike.

The preliminary prospecting program identified a distinctive andesite ridge with intense oxidation, silicification and argillic alteration, and a notable paucity of vegetation located 35-50 metres vertical above the valley floor. Similar alteration, verified by preliminary aiSIRIS results of hyperspectral analysis, from the northern area of the ridge which was covered by thick vegetation, where exposed displayed intense replacement by zeolite, kaolinite, alunite, montmorillonite, opaline silica and muscovite and contained the bulk of the anomalous gold and silver values.

Geochemical analyses clearly identified a strong Au-Ag anomaly, commonly though not exclusively, associated with elevated Hg, Pb, Zn, Cd, As, Sb and Cu with spatial distribution and trends similar to the multi-element data recorded for the nearby El Mezquite property.

Figure 4. Phase 2 grid sampling areas on Phase 1 geochemistry (Au ppm only), Jackie property. Inset map with 50 metre grid location map and multi-element anomaly Au (ppm), Ag (ppm), Pb (ppm), Zn (ppm) and Cd (ppm).

Figure 5. Phase 2 grid sampling area (inset) on Phase 1 geochemistry (Au ppm), Jackie property. Inset map with cluster of anomalous Au and Ag assays up to 4.15 g/t Au and 100 g/t Ag in separate samples.

Figure 6. Phase 2 grid sampling area (inset) on Phase 1 geochemistry (Cu ppm), Jackie property. Inset map with cluster of anomalous Cu analyses with distinct northwesterly trend parallel to several local and regional lineaments.

Planning for the Phase 3 exploration program is underway with a view to additional ground work in Q4 2021, including preparation of the environmental report required for a drilling permit and targeting for Q1 2022 reverse circulation drilling. Interpretation of the geological, geochemical, hyperspectral, and property-wide ASTER, LANDSAT 8 and LiDAR imagery is ongoing.

The additional geochemistry and geological maps and images from the field program will be provided on the Silver Spruce website (www.silverspruceresources.com) in due course.

Project Background

The Company recently signed a Definitive Agreement (Press release November 30, 2020) with Colibri Resource Corp. to acquire 50% interest in Jackie, an early-stage precious metal project located 175 km east of Hermosillo, Sonora, Mexico. The large grassroots property is located in a very productive region only one to two kilometres south from our El Mezquite and Diamante properties and adjacent to the west of Minera Alamos' Santana project, and approximately six kilometres northwest of their Nicho deposit currently under development.

The Jackie Project is located within the western portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the precious metals-rich Mojave-Sonora Megashear.

Other nearby large operating mines include Alamos Gold's Los Mulatos gold mine and Agnico Eagle's La India gold mine located 50-60 km to the northeast, Agnico Eagle's Pinos Altos Mine, 95 km southeast and Argonaut's La Colorada Mine, 100 km to the west. Exploration is very active with adjacent and nearby properties reported to be held by Minera Alamos, Newmont, Garibaldi, Evrim, Kootenay Silver and Peñoles.

The 1,130-hectare Property is easily accessible from Hermosillo to the Tepoca area and heading south from Mexican Highway #16 or west from Highway #117, or from Ciudad Obregón travelling northeast on Hwy. #117 and west to the pueblo of La Quema with vehicles and then pack teams along dry river beds, dirt roads and trails. High voltage power lines are located on Highway #16.

Geochemical Analysis, Quality Assurance and Quality Control

Rock samples were delivered to the ALS sample preparation facility in Hermosillo, Sonora, Mexico. ALS Global in North Vancouver, British Columbia, Canada, is a facility certified as ISO 9001:2008 and accredited to ISO/IEC 17025:2005 from the Standards Council of Canada.

Pulps (50gram split) were submitted for Au analysis by Fire Assay with Atomic Absorption finish (Au-AA24) and Four Acid Digestion with Inductively Coupled Plasma Atomic Emission Spectrometry (ICP-AES) multi-element analyses (ME-ICP61m).

Splits of crushed rejects were sent to ALS in Reno, NV for hyperspectral analysis (HYP-PKG) using the Terraspec 4 and aiSIRIS identification of the principal silicate, sulphate, carbonate and hydrous oxide species, namely the alteration minerals and their relative intensity.

In-house quality control samples (blanks, standards, duplicates, preparation duplicates) were inserted into the sample set. ALS Global conducts its own internal QA/QC program of blanks, standards and duplicates, and the results were provided with the Company sample certificates. The results of the ALS control samples were reviewed by the Company's QP and evaluated for acceptable tolerances. All sample and pulp rejects are stored at ALS Global pending full review of the analytical data, and future selection of pulps for independent third-party check analyses, as requisite.

All of the metal values disclosed herein by Silver Spruce are reported from grab and channel samples which may not be representative of the metal grades. There is no record of historical sampling from previous exploration efforts on the Property.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the Jackie Project and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), under TSX guidelines.

About Silver Spruce Resources Inc.

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

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO
(902) 826-1579
mkinley@silverspruceresources.com
info@silverspruceresources.com
www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

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

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

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
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VANCOUVER, BC / ACCESSWIRE / August 26, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the eighth drill hole (GP-21-156) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. The drill hole is part of the Company's Phase 2 drilling program at the Jaclyn Zone, being completed at the Jaclyn North Zone in an area of gold bearing quartz boulders. GP-21-156 intersected visible gold within a quartz veined interval.

Quartz Vein in GP-21-156 with Visible Gold

Drill Hole GP-21-156 is a definition hole, further testing the Jaclyn North Zone (JNZ) east of pre-Great Atlantic drilling. The hole was drilled within a zone of gold bearing quartz boulders. It was drilled slightly southeast at an approximate 50-degree dip to a length of 122 meters. The hole intersected a zone of faulting and quartz veining at 19.35 – 22.65 meters. The main quartz vein within this interval was intersected at 22.10 – 22.65 meters and contains visible gold and sulfide mineralization.

The Company's Phase 2 drilling program to date (late 2020 – 2021) has extended the extended the JNZ quartz vein system approximately 260 meters further east along strike with each of the six holes completed in this part of the zone intersecting quartz veins. Each of the three 2020 holes (GP-20-146 to GP-20-148) intersected gold bearing quartz veins while assays are pending for samples from the three 2021 holes in the zone (GP-21-154 to GP-21-156) (see News Releases on the Company's website).

The company located gold bearing quartz boulders during 2017-2020 in the area of current drilling at the JNZ, including four boulder samples exceeding 100 g/t gold. This northeast trending quartz boulder field is approximately 300 meters long.

Visible Gold in Quartz Vein Intersected in GG-21-156

The Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes completed and planned at the Jaclyn Main Zone (JMZ) and JNZ and total planned drilling of approximately 5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide information for an updated resource estimate of the JMZ. The first five holes completed during 2021 were at the JMZ with visible gold interested in quartz veins in four holes (assays pending). The Company is continuing the drill hole numbering system from previous drilling programs. Most of the completed and planned holes at the JMZ are within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the JMZ during Phase 2 to test the zone at 200-350 meters vertical depth. Planned holes at the JNZ are east of pre-Great Atlantic drilling.

Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped).

The Company confirmed high-grade gold at the JMZ during initial 2019 drilling, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters, 61.35 g/t gold over 2.04 meters and 15.8 g/t gold over 2.70 meters plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 g/t gold over 25.25 meters.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include 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 the Golden Promise Property.

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

Investor Relations:
Andrew Job 1-416-628-1560 IR@GreatAtlanticResources.com
Office Line 604-488-3900

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.

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.

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/661482/Great-Atlantic-Intersecting-Visible-Gold-On-Eighth-Hole-300-Meters-North-of-Resource-at-Jaclyn-Main–Golden-Promise-Gold-Project–Central-Newfoundland

VANCOUVER, BC / ACCESSWIRE / August 25, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that it has completed its 2021 diamond drill program at the Ashram Rare Earth and Fluorspar Deposit, located in northern Quebec.

A total of 2,814 m of NQ size coring was completed over 12 drill holes at the Ashram Deposit, targeting further delineation of the mineralized body. The Company is happy to report that the drilling advanced faster than anticipated, allowing for additional meterage to be completed beyond that planned while remaining within budget. In addition, the Company benefited from sharing support costs such as drill rig mobilization and camp operation from the overlapping drill program of Saville Resources Inc. on the proximal Niobium Claim Group, where it holds an Option from the Company. Both programs were managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB, with drilling operations being carried out by Logan Drilling Ltd. of Stewiacke, NS.

The Company's drill program largely focused on the central areas of the deposit, within the preliminary pit shell being considered for the ongoing Prefeasibility Study (PFS), and where the neodymium-praseodymium (NdPr) contents are highest. Depending on the location within the deposit, the NdPr distribution typical varies from 21-24+% with monazite being the dominant carrier of the rare earth elements (REEs). Drill hole depths ranged from 152 m to 302 m core length. Due to the depth of the pit shell being considered for an initial 25-year mine-life as part of the PFS, the drill holes were terminated at pre-determined depths and commonly ended in A-Zone, which is the most well-mineralized rock type in the deposit.

The drill core is currently being processed on site and is anticipated to be shipped to Activation Laboratories in Ancaster, ON, shortly for analysis with results to be released as received. In addition to the drill program, this fall the Company plans to carry-out hydrology studies on site in support of the PFS, as well as complete several Qualified Person site visits.

The Ashram Deposit ranks as one of the largest REE (and fluorspar) deposits globally, consisting of a single mineralized body outcropping at surface, and has a mineralized footprint approximately 600 m along strike, over 350 m across, and 600 m deep, remaining open in several directions. The deposit hosts a measured resource of 1.6 million tonnes (Mt) at 1.77% rare earth oxide (REO) and 3.8% F, an indicated resource of 27.7 Mt at 1.90% REO and 2.9% F, and an inferred resource of 219.8 Mt at 1.88% REO and 2.2% F, at a cut-off grade of 1.25% REO. Note, mineral resources are not mineral reserves as they do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.

The Company notes that it continues carry-out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The Company has successfully navigated the process to enter Nunavik and obtained authorization to complete its planned field activities. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.

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, 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 our plans to carry-out hydrology studies on site in support of the PFS, as well as complete several Qualified Person site visits; and that we could become a long term supplier of mixed rare earth carbonate and/or NdPr oxide. 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 don't work as well as expected, the studies may not go as planned or start when expected, we may experience difficulties in drilling and carrying out environmental work; changing costs for mining and processing; increased capital costs; the timing and content of upcoming 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; testing of our process may not prove successful and even it 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 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/661192/Commerce-Resources-Corp-Completes-Summer-Drill-Program-at-the-Ashram-Rare-Earth-and-Fluorspar-Deposit

Lynas Corp. (LYSDY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate — the consensus of EPS estimates from the sell-side analysts covering the stock — for the current and following years is tracked by the system.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Lynas Corp. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

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The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Lynas Corp. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

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Earnings Estimate Revisions for Lynas Corp.

For the fiscal year ending June 2022, this company is expected to earn $0.35 per share, which is a change of 1850% from the year-ago reported number.

Analysts have been steadily raising their estimates for Lynas Corp. Over the past three months, the Zacks Consensus Estimate for the company has increased 25%.

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Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

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The upgrade of Lynas Corp. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

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Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – Playfair's (TSXV: PLY) (FSE: P1J1) (OTC Pink: PLYFF) core drilling program on its large (201 square kilometers) 100% owned RKV Copper Project in South Central Norway is expected to start in early September. Playfair has delineated seven drill targets in five areas, Drill Notifications have been made and necessary permits are approved.

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7302/94037_35fb048aa4722bdf_002full.jpg

Playfair, as a responsible mineral explorer, values protecting the natural environment it works in. Playfair uses new technologies and methods to reduce the impact of its exploration. Playfair's exploration to date has been in three phases.

The first phase of Playfair's exploration used non-invasive machine learning algorithms to reinterpret existing geochemical-geological-geophysical data sets and outline potential exploration target areas with similarities to known mineral occurrences.

The second phase of Playfair's exploration was minimally invasive. In the areas outlined as possibly favourable by the machine learning algorithms small pits were dug by hand, samples of soil were removed, and the pits refilled. There was no off-road driving. Subsequent chemical analysis outlined areas with a high content of copper or other elements of interest.

The third phase of Playfair's exploration measured the intensity of the earth's magnetic field in some of the areas where a high copper content was found in soils. Variations in the magnetic field provide important information about the underlying bedrock. The survey was non-intrusive and used an unmanned drone to carry the measuring equipment.

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).

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).

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."

Playfair's fourth phase of exploration is planned to begin in September 2021. In keeping with Playfair's intent to minimise the impact of its exploration on the natural environment Playfair will use a lightweight drilling machine which can be disassembled and hand-carried to the drill sites. Playfair's man-portable drill has now arrived in Norway, cleared customs and has been transported to Tynset, approximately 25 km from Rødalen, the first drill target. With a population of 5,400, Tynset is the municipal centre of the Nord-Østerdalen region. Arctic Drilling As., a local Norwegian Company will carry out the drilling.

Figure 2

To view an enhanced version of Figure 2, please visit:
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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.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94037

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2021) – Investmentpitch Media video features Globex Mining Enterprises (TSX: GMX) (OTCQX: GLBXF) ( FSE: G1MN), an exploration and holding company with a large portfolio of assets. With an extensive portfolio of more than 200 exploration property assets and royalties covering precious, base and specialty metals, Globex gives investors diversification by investing in just one company.

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 "Globex" in the search box.

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Projects range from advanced exploration to pre-feasibility, with royalties attached to more than 50 early to advanced stage properties for gold, base metals and industrial minerals. The advanced stage projects include more than 40 former mines with more than 50 properties having historic or NI 43-101 resources.

By having a diversified portfolio covering various commodities, Globex can capitalize on current interest in the market for a specific commodity, and given the company's transaction activity, investors can be assured of a steady flow of news.

The company's experienced management, and professional board, has an impressive track record of conserving capital and limiting dilution by finding partners to fund the high-risk, more expensive exploration and development of projects, while building shareholder value through the receipt of short-term payments and long-term royalties.

The shares are currently trading at $1.15, and based on approximately 55.3 million shares outstanding, the company is capitalized at approximately $63.6 million. The company's portfolio of more than $30 million in cash and shares of other companies alone is valued at approximately $0.54 per share, with no debt.

Furthermore, Globex has a normal course issuer bid in place to repurchase up to 1 million shares.

Except for one significant silver project in Germany, which is under option to Excellon Resources, the company is focused on North America, a region with low political risk.

Let's look at a couple of the company's significant recent activities. The company just closed the sale of its Mid-Tennessee Zinc Mine royalty to an assignee of Electric Royalties for $13,750,000, 8,752,860 shares of Electric Royalties, and 5,348,970 warrants of Electric Royalties, making Globex the largest shareholder of Electric Royalties.

In June, Globex sold some projects in Quebec to Yamana Gold, for $15 million, retaining a 2% gross metal royalty. Globex received an initial payment of $4 million which Globex elected to take in shares, with the balance of $11 million, which Globex may also elect to receive in shares, to be received over 4 years.

For more information, please visit the company's website www.GlobexMining.com, contact Jack Stoch, P.Geo., President and CEO, at 819-979-5242 or email info@GlobexMining.com.

About InvestmentPitch Media

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CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93843

Vancouver, British Columbia–(Newsfile Corp. – August 20, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has started its 2021 exploration program at its Glenelg Vanadium gold Property.

The property is located within southwest New Brunswick approximately 17 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the company's Mascarene Property, which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and silver. The Glenelg Property hosts vanadium mineralization, with historic rock samples reported up to 0.42% V2O5.

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Through a review of historical information, the company has identified target areas for gold exploration within the property with historic rock samples from at least four areas reported to exceed 1 gram per tonne gold, including a historic 2013 grab sample from a sulphide vein from the southeast region of the property reportedly returning 14 grams per tonne gold.

The Glenelg property has seen little exploration and management cannot find any evidence of historical drilling within the property. The current exploration consists of focused prospecting and rock geochemical sampling.

Rock samples are being collected within the Bocabec Gabbro, the target being vanadium/titanium mineralization. Previous rock samples collected by the company and historic rock samples have confirmed vanadium and titanium mineralization within the Bocabec Gabbro.

A 2018 grab sample collected by the company from a magnetite rich layer in the Bocabec Gabbro Complex within the southeast region of the property returned 0.188% vanadium or 0.33% V2O5, 10.3% titanium oxide and 25.71% iron, when analyzed by XRF Fusion by ALS Canada. Another 2018 bedrock grab sample from the same region of the property was reported to return 0.234% vanadium or 0.42% V2O5, 12.2% titanium oxide and 28.8% iron. This sample was collected by one of the company's option partners for the property and was not verified by a Qualified Person.

Prospecting and rock geochemical sampling are also being conducted for gold mineralization in target areas within the central-west regions of the Glenelg Property. Three gold occurrences (+/- silver and copper) are reported within the central region of the property.

A historic outcrop grab sample from the early 1900s, from one occurrence, reported as quartz-sulfide breccia within altered gabbro, reportedly returned 1.33 grams per tonne gold. Historic float samples reported during the same period in the central-west regions of the property were reported to return 2.7 and 2.2 grams per tonne gold. This mineralization has not been verified by a Qualified Person.

The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway Metals Inc., with a portion of the northern boundary bordering Galway's Clarence Stream Gold Project. Galway reported a NI 43-101 resource estimate for the project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 gpt gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 gpt gold (277,000 ounces of gold).

Management cautions that mineralization at the Clarence Stream Gold Project and at Great Atlantic's Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

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.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

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Mercator Project Map

Mercator Property

QUÉBEC CITY, Aug. 20, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) is pleased to announce that an ongoing field program ahead of first-ever drilling at its 100%-owned Mercator Project in northern Quebec supports the preliminary analysis from a recently completed geophysics survey of a potentially large-scale orogenic gold system (refer to August 3, 2021 news release).

New Mercator Highlights:

• Additional sampling has extended the length of the Main Zone to 2.5 km from 1.9 km. A shallow dipping mineralized slab along a ridge within this area now extends 500 meters in width, from the previously reported 400 meters, and includes pyrrhotite, pyrite, arsenopyrite and chalcopyrite (assays pending);

• Geologists are honing in on a potentially significant new discovery area starting 16 km southwest of the Main Zone with similarities to the northeast-southwest trending lithological assemblage observed in the Main Zone. Overburden stripping and channel sampling of this area to the southwest is now planned after grab samples collected over three km showed strong sulphide enrichment;

• Extensive surface sampling this summer has been carried out over a 21-km distance with 243 samples collected to date including more than half outside the Main Zone (assays pending, see attached map), though multiple areas with favorable structure still need to be investigated as part of the follow-up to the highly encouraging geophysical survey;

• Notably, arsenopyrite is increasingly being identified in surface samples. This pathfinder mineral is often associated with gold in this type of geological environment where meta-sediments and amphibolites have been mapped along abundant faulted and folded iron formations.

Stelmine initially staked Mercator in 2017. Earlier this year, based on data from last summer’s program, Stelmine expanded its Mercator land package five-fold from 65 km² to 389 km² through additional staking. Mercator is approximately 100 km northwest of the Company’s Courcy Project where drilling will soon follow up on the last drill hole, completed by SOQUEM in 2006, that returned a 42-meter core interval grading 4.2 g/t Au including 1.5 m of 105 g/t Au.

Ms. Isabelle Proulx, Stelmine CEO, commented: “Knowing the discovery drill hole at Courcy, our continued work in this region keeps reinforcing our belief that we have found an entirely new gold district in northern Quebec with geological similarities to Newmont’s Eleonore mine to the west at James Bay. The geophysical signatures of Mercator and the continuity that we are beginning to see with respect to surface mineralization are highly encouraging at this stage of exploration.

“Work continues as we prepare for drilling, and we eagerly anticipate additional updates,” Ms. Proulx concluded.

Qualified Person

The technical information in this news release has been reviewed and approved by Michel Boily, PGeo, 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 sq. km 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

Email: iproulx@stelmine.com

Tel: 418-626-6333

Follow us on:

Website : https://stelmine.com/en/

Twitter : https://twitter.com/Stelmine1

LinkedIn : http://www.linkedin.com/company/stelmine-canada-ltd

Facebook: https://www.facebook.com/StelmineCanada/

A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fa022f12-4a39-47d6-80ac-e418f8bff9ee

TORONTO, Aug. 19, 2021 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (“Jourdan” or the “Company“) is pleased to announce that it has received permission from the Ministère des Forêts, de la Faune et des Parcs (Quebec, Permit #3028358), Quebec’s mining authority, to commence a 2000m diamond drilling program on its Vallée property located in Val d’Or, Quebec. Drilling activities are permitted to commence on September 1, 2021. The diamond drilling program is intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled from 2011 along the western side of the Company’s Vallee property, which borders North American Lithium’s mine. This new campaign aims at completing two more fence lines across the lithium-bearing pegmatite swarm which has been mined in the immediate vicinity to the west. 10 holes of approximately 200m depth are scheduled to be drilled aiming at the pegmatites identified by the results of a bulk sample collected on the Vallée property in 2018. The bulk sample results revealed high Li₂O intersections which have encouraged the Company to continue exploration by drilling on the property.

Highlights of diamond drilling campaign

• The permit was applied for on July 23, 2021 and received in early August 2021. Drilling is intended to start on September 1, 2021.

• The Company believes that it can be inferred that the pegmatite swarm mined at the North American Lithium mine extends into the western part of the Vallée property.

• The Company anticipates that the drilling campaign will add 2000m of drill core on the Vallée project with 10 drill holes of 200m each to find new pegmatite occurrences.

Rene Bharti, CEO of Jourdan, stated, “We believe this drill program will allow the Company to move forward with its goal to become Quebec’s next near-term lithium producer.”

Jourdan’s Chairman, Dr. Andreas Rompel, stated, “We are excited to commence a new phase of exploration on our Vallée property. After having received the vastly encouraging results from the bulk sample, this is only the natural progression to explore and develop the extent of lithium mineralisation along the pegmatite swarm.”

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Jourdan
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.

For more information:
www.jourdaninc.com

Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800

Cautionary statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s ability to complete a 2000m drilling campaign at its Vallée property and to execute its business plan, including its ambition to become Quebec’s next near-term lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

Southwest New Brunswick

VANCOUVER, BC / ACCESSWIRE / August 19, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its Glenelg Vanadium – Gold Property, located in southwest New Brunswick. The Glenelg Property is located immediately south of the Clarence Stream Gold Project of Galway Metals Inc. (GWM).

The Glenelg Property hosts vanadium mineralization, with historic rock samples reported up to 0.42% V2O5. Through a review of historical information, the Company has identified target areas for gold exploration within the property with historic rock samples from at least four areas reported to exceed 1 g/t gold (including a sample reported to return 14 g/t gold).

The current exploration consists of focused prospecting and rock geochemical sampling. Rock samples are being collected within the Bocabec Gabbro, the target being vanadium – titanium mineralization. Previous Company rock samples and historic rock samples have confirmed vanadium and titanium mineralization within the Bocabec Gabbro.

A 2018 grab sample collected by the Company from a magnetite rich layer in the Bocabec Gabbro Complex returned 0.188% vanadium (0.33% V2O5), 10.3% TiO2 and 25.71% iron. This sample was collected within the southeast region of the property. It was collected by a qualified person and was analyzed by ALS Canada Ltd. by XRF Fusion. Another 2018 bedrock grab sample from the same southeast region of the property was reported to return 0.234% vanadium (0.42% V2O5), 12.2%TiO and 28.8% iron. This sample was collected by one of the Company's option partners for the property and was not verified by a Qualified Person.

Layered Bocabec Gabbro Complex

Prospecting and rock geochemical sampling are also being conducted in target areas for gold mineralization within the central-west regions of the Glenelg Property. Three gold occurrences (+/- silver and copper) are reported within the central region of the property. A historic (early 1900s) outcrop grab sample from one occurrence, reported as quartz-sulfide breccia within altered gabbro, was reported to return 1.33 grams / tonne (g/t) gold. Historic float samples reported during the same period in the central-west regions of the property were reported to return 2.7 and 2.2 g/t gold. A historic 2013 grab sample from a sulfide vein from the southeast region of the property was reported to return 14 g/t gold. This mineralization has not been verified by a Qualified Person.

A portion of the northern boundary of the Glenelg Property borders the Clarence Stream Gold Project of Galway Metals Inc. Galway reported a NI 43-101 resource estimate for the project during 2017, reporting total Measured plus Indicated resources of 6,178,000 tonnes at 1.96 g/t gold (390,000 ounces of gold) and total Inferred resources of 3,409,000 tonnes at 2.53 g/t gold (277,000 ounces of gold).

The Glenelg Vanadium Property is located within southwest New Brunswick approximately 17 kilometers east of the town of St. Stephen and approximately 15 kilometers northwest of the Company's Mascarene Property which hosts multiple mineral occurrences with cobalt, copper, nickel, zinc, lead, gold and / or silver.

Readers are warned that mineralization at the Clarence Stream Gold Project and the Company's Mascarene Property are not necessarily indicative of mineralization within the Glenelg Vanadium Property.

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:
Please call 604-488-3900

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.

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.

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/660503/Great-Atlantic-Begins-2021-Exploration-Program-At-Its-Glenelg-Vanadium–Gold-Property

• Funding will allow REE to advance commercial production of its breakthrough REEcorner™ technology and ultra-modular EV platforms

• Project to help accelerate industry shift towards net zero-emissions with REE’s technology designed to support extensive range of electric vehicles

TEL AVIV, Israel, Aug. 19, 2021 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: “REE”), an innovator in e-mobility which recently started to trade on Nasdaq, today announced that its REEcorner™ technology was awarded $17 million USD funding from the UK government as part of a $57 USD million investment, coordinated through the Advanced Propulsion Centre (APC). The investment is in line with the UK government’s ambition to accelerate the shift to zero-emission vehicles and de-carbonize the UK’s transport networks. The award funding follows an intensive vetting and selection process from which REE’s project and three other transformational projects were selected amongst dozens of companies. Together, the 4 projects could save nearly 32m tons of carbon emissions, which is equivalent to the lifetime tailpipe emissions of 1.3m cars. The investment will help drive energy-saving technology across a wide range of vehicles and propel forward a green economy recovery.

The UK funds will allow REE to facilitate commercial production of its breakthrough REEcorner™ technology and ultra-modular electric vehicle platforms, including engineering design, validation, verification and testing and product homologation.

REEcorner™ technology packs critical vehicle components (e.g. steering, braking, suspension, powertrain and control) into a single compact module located between the chassis and the wheel, thus enabling fully-flat EV platforms. REE’s ultra-modular EV platforms are designed to offer enhanced payload capacity by providing more room for carrying passengers, cargo and batteries and enhanced body design flexibility and autonomous capability.

Ian Constance, Chief Executive at the APC said: “These projects tackle some really important challenges in the journey to net-zero road transport. They address range anxiety and cost, which can be a barrier to people making the switch to electric vehicles and they also provide potential solutions to the challenge of how we decarbonize public transport and the movement of goods. By investing in this innovation, we’re taking these technologies closer to the point where they are commercially viable, which will strengthen the UK’s automotive supply chain, safeguard or create jobs and reduce harmful greenhouse emissions.”

Minister for Investment Lord Grimstone said: “By investing tens of millions in the technology needed to decarbonize our roads, not only are we working hard to end our contribution to climate change, but also ensuring our automotive sector has a competitive future that will secure thousands of highly-skilled jobs. Seizing the opportunities that arise from the global green automotive revolution is central to our plans to build back greener, and these winning projects will help make the widespread application and adoption of cutting-edge, clean automotive technology a reality.”

Mike Charlton, REE’s COO: “REE is honored to have been selected as recipient of the UK funding to support REE investment in the UK automotive ecosystem following an extensive vetting and selection process. With the opening of our Engineering Center in the UK in February this year, this reaffirms our commitment to the region and is in line with our plans for the mass production of our breakthrough REEcorner and electric vehicle platform technology. The UK is an ideal location for a pioneering automotive company like REE thanks to the country’s commitment to vehicle electrification which dovetails with our vision of propelling a zero-emissions, greener future for our generation and those to come.”

About REE AutomotiveREE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.

For more information visit: www.ree.auto

Media Keren ShemeshChief Marketing Officer | REE Automotive+972-54-5814333media@ree.autoInvestor RelationsLimor GruberVP Investor Relations | REE Automotive+972-50-5239233investors@ree.auto

Caution About Forward-Looking StatementsThis communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plan,” “projects,” “believes,” “views,” “estimates”, “future”, “allow”, “aims”, “strives” “endeavors” and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE’s ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

About the Advanced Propulsion CentreThe Advanced Propulsion Centre (APC) collaborates with UK government, the automotive industry and academia to accelerate the industrialisation of technologies, supporting the transition to deliver net-zero emission vehicles.

Since its foundation in 2013, APC has funded 170 low-carbon projects involving 402 partners, working with companies of all sizes, and has helped to create or safeguard over 50,000 jobs in the UK. The technologies developed in these projects are projected to save over 260 million tonnes of CO2, the equivalent of removing the lifetime emissions from 12 million cars.

With its deep sector expertise and cutting-edge knowledge of new propulsion technologies, APC’s role in building and advising project consortia helps projects start more quickly and deliver increased value. In the longer term, its work to drive innovation and encourage collaboration is building the foundations for a successful and sustainable UK automotive industry.

In 2019 the UK government committed the Automotive Transformation Fund (ATF) to accelerate the development of a net-zero vehicle supply chain, enabling UK-based manufacturers to serve global markets. ATF investments are awarded through the APC to support strategically important UK capital and R&D investments that will enable companies involved in batteries, motors and drives, power electronics, fuel cells, recycling, and associated supply chains to anchor their future.

For more information go to apcuk.co.uk or follow us @theapcuk on Twitter and Advanced Propulsion Centre UK on LinkedIn.

Figure 1 Abitibi Geology-Midland Gold Projects

Abitibi Geology-Midland Gold Projects

Figure 2 Lewis Project Location

Lewis Project Location

Figure 3 Lewis Geology and New 2020-21 Discoveries

Lewis Geology and New 2020-21 Discoveries

Figure 4 Lewis Mag TD and New 2020-21 Discoveries

Lewis Mag TD and New 2020-21 Discoveries

Figure 5 IP Ore-Vision Survey

IP Ore-Vision Survey

Figure 6 IP Chargeability Map&Targets

IP Chargeability Map&Targets

Figure 7 Golden Nest New Showing

Golden Nest New Showing

Figure 8 Golden Nest Sample A0358475

Golden Nest Sample A0358475

Figure 9 Golden Nest Sample A0361223

Golden Nest Sample A0361223

MONTREAL, Aug. 19, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the discovery of a new high-grade gold showing 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 km northwest of the Nelligan deposit jointly held by Iamgold Corporation (75%) and Vanstar Mining Resources (25%).

New high-grade gold showing: Golden Nest

Grab samples from the new Golden Nest showing yielded 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.

This new high-grade gold showing was discovered during prospecting work conducted in May 2021. The prospecting campaign was designed to cover high-priority induced polarization (IP) anomalies that were identified during the winter 2021 survey along the extensions of the Red Giant gold-bearing structure.

The Golden Nest showing is directly associated with a moderate chargeability anomaly (5-10 mv/V) coinciding with a sharp increase in resistivity. The gold-bearing zone corresponds to a small outcrop of approximately 10 square metres exhibiting 5 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 and has never been drill-tested.

Further mechanical stripping and channel sampling are planned and will be completed as soon as the necessary permits are received.

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 dated October 22, 2019, prepared 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 Billiton 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 Company 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/

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

This 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.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/12c6edd3-d679-481f-9581-2dc7c2a511cb

https://www.globenewswire.com/NewsRoom/AttachmentNg/4dfc624f-57ec-4c4b-9e45-e9e58a107cd6

https://www.globenewswire.com/NewsRoom/AttachmentNg/590fcf51-2a54-4a9c-9793-62bd6920ac41

https://www.globenewswire.com/NewsRoom/AttachmentNg/f80022ca-3a22-487c-830a-771279804c4d

https://www.globenewswire.com/NewsRoom/AttachmentNg/80b5301a-8e46-4f11-99f1-eef0097ca9b1

https://www.globenewswire.com/NewsRoom/AttachmentNg/16ac655c-9805-4ca8-9549-48ee021af4f8

https://www.globenewswire.com/NewsRoom/AttachmentNg/df7da259-75d6-4d35-8a11-434b9429ef0b

https://www.globenewswire.com/NewsRoom/AttachmentNg/a9b3d4ed-8326-4ee3-8fd2-5d76c264b125

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– Funding will allow REE to advance commercial production of its breakthrough REEcorner™ technology and ultra-modular EV platforms

– Project to help accelerate industry shift towards net zero-emissions with REE's ultra-modular EV platforms & REEcorners™ designed to support extensive range of electric vehicles

TEL-AVIV, Israel, Aug. 19, 2021 /PRNewswire/ — REE Automotive Ltd. (NASDAQ: REE), an innovator in e-mobility which recently started to trade on Nasdaq, today announced that its REEcorner™ technology was awarded £12.5 million GBP funding from the UK government as part of a £41.2 million GBP investment, coordinated through the Advanced Propulsion Centre (APC). The investment is in line with the UK government's ambition to accelerate the shift to zero-emission vehicles and de-carbonize the UK's transport networks. The award funding follows an intensive vetting and selection process from which REE's project and three other transformational projects were selected amongst dozens of companies. Together, the 4 projects could save nearly 32m tons of carbon emissions, which is equivalent to the lifetime tailpipe emissions of 1.3m cars. The investment will help drive energy-saving technology across a wide range of vehicles and propel forward a green economy recovery.

The UK funds will allow REE to facilitate commercial production of its breakthrough REEcorner™ technology and ultra-modular electric vehicle platforms, including engineering design, validation, verification and testing and product homologation.

REEcorner™ technology packs critical vehicle components (e.g. steering, braking, suspension, powertrain and control) into a single compact module located between the chassis and the wheel, thus enabling fully-flat EV platforms. REE's ultra-modular EV platforms are designed to offer enhanced payload capacity by providing more room for carrying passengers, cargo and batteries and enhanced body design flexibility and autonomous capability.

Ian Constance, Chief Executive at the APC said: "These projects tackle some really important challenges in the journey to net-zero road transport. They address range anxiety and cost, which can be a barrier to people making the switch to electric vehicles and they also provide potential solutions to the challenge of how we decarbonize public transport and the movement of goods. By investing in this innovation, we're taking these technologies closer to the point where they are commercially viable, which will strengthen the UK's automotive supply chain, safeguard or create jobs and reduce harmful greenhouse emissions."

Minister for Investment Lord Grimstone said: "By investing tens of millions in the technology needed to decarbonize our roads, not only are we working hard to end our contribution to climate change, but also ensuring our automotive sector has a competitive future that will secure thousands of highly-skilled jobs. Seizing the opportunities that arise from the global green automotive revolution is central to our plans to build back greener, and these winning projects will help make the widespread application and adoption of cutting-edge, clean automotive technology a reality."

Mike Charlton, REE's COO: "REE is honored to have been selected as recipient of the UK funding to support REE investment in the UK automotive ecosystem following an extensive vetting and selection process. With the opening of our Engineering Center in the UK in February this year, this reaffirms our commitment to the region and is in line with our plans for the mass production of our breakthrough REEcorner and electric vehicle platform technology. The UK is an ideal location for a pioneering automotive company like REE thanks to the country's commitment to vehicle electrification which dovetails with our vision of propelling a zero-emissions, greener future for our generation and those to come."

About REE Automotive

REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE's mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners' existing production lines. REE's technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.
For more information visit: www.ree.auto

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company's statements about the Company's strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE's control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE's future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE's ability to commercialize its strategic plan; REE's ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE's advanced prototypes into marketable products; REE's ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE's estimates of unit sales, expenses and profitability and underlying assumptions; REE's reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE's limited operating history; risks associated with plans for REE's initial commercial production; REE's dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE's ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE's ability to enforce, protect and maintain intellectual property rights; REE's ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE's final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

About the Advanced Propulsion Centre

The Advanced Propulsion Centre (APC) collaborates with UK government, the automotive industry and academia to accelerate the industrialisation of technologies, supporting the transition to deliver net-zero emission vehicles.

Since its foundation in 2013, APC has funded 170 low-carbon projects involving 402 partners, working with companies of all sizes, and has helped to create or safeguard over 50,000 jobs in the UK. The technologies developed in these projects are projected to save over 260 million tonnes of CO₂, the equivalent of removing the lifetime emissions from 12 million cars.

With its deep sector expertise and cutting-edge knowledge of new propulsion technologies, APC's role in building and advising project consortia helps projects start more quickly and deliver increased value. In the longer term, its work to drive innovation and encourage collaboration is building the foundations for a successful and sustainable UK automotive industry.

In 2019, the UK government committed the Automotive Transformation Fund (ATF) to accelerate the development of a net-zero vehicle supply chain, enabling UK-based manufacturers to serve global markets. ATF investments are awarded through the APC to support strategically important UK capital and R&D investments that will enable companies involved in batteries, motors and drives, power electronics, fuel cells, recycling, and associated supply chains to anchor their future.
For more information go to apcuk.co.uk or follow us @theapcuk on Twitter and Advanced Propulsion Centre UK on LinkedIn.

Photo – https://mma.prnewswire.com/media/1598076/REEcorner_technology.jpg

Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") is pleased to announce that Precision GeoSurveys Inc. ("Precision") has completed the airborne magnetic survey (the "Survey"), announced on June 16, 2021, over the Company's 100% owned Wheaton Creek Gold property (the "Property") in Northern British Columbia. The survey has successfully outlined distinctive magnetic features that will assist the drill targeting in the upcoming program.

From the Company's VP of Exploration, Sebastien Ah Fat, "We are very pleased to find that the Survey has successfully confirmed our initial theory that a well-defined ultramafic contact boundary exists on the Property. The discovery of thick zones of magnetic lows that abruptly transition from magnetic highs may be associated with liswanite mineralization. Listwanite, being formed by the carbonization of serpentinized ultramafic rock, is a key alteration indicator commonly associated with mesothermal quartz carbonate gold deposits and we hope to confirm this via our future drilling programs at Wheaton Creek Gold."

The Survey successfully identified magnetic high anomalies of the Cache Creek Ultramafic Complex and distinctive contact fault boundaries which are prospective for hydrothermal deposition. Furthermore, a thick, northwest-trending, magnetic low anomaly adjoining the Cache Creek Ultramafic Complex to the east may correlate with carbonization of serpentinized ultramafic rock known as liswanite. Listwanite is a distinctive alteration feature commonly associated with lode gold, quartz carbonate gold deposits. These findings reinforce the thesis that Wheaton Creek bears many geologic similarities to the Atlin Mining Camp where the source of the placer gold was found to be at or near fault boundaries of ultramafic and sedimentary rock.

Figure 1: Wheaton Creek Gold, Total Magnetic Intensity Survey Results with Interpreted Fault Boundaries

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3362/93395_c890000fe49298fd_002full.jpg

Figure 2: Wheaton Creek Gold, Calculated Vertical Gradient Survey Results with Interpreted Carbonization Alteration Zone.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3362/93395_c890000fe49298fd_003full.jpg

Pacific Bay's Vice President of Operations, Antonio Vespa, explains, "We want to take a data driven approach for our exploration programs. Now that we have completed our initial site visit and the airborne magnetic survey, we have increased confidence in our proposed drill targets. We are very excited to receive further interpretation of the data gathered so far and continue with exploration later this year."

Mr. Vespa and Mr. Ah Fat, completed a site visit on the 17^th of June, 2021. The site visit was successful in gathering information about the current state of the Property, including:

• Accessibility to the site

• Condition of infrastructure, including camp availability, in the area

• Location of previous drillholes

• Drone photogrammetry

The Company plans to proceed with the diamond drilling of 3-5 drillholes in September/October of 2021, subject to drill contractor availability and permit amendments with new drill sites.

Wheaton Creek Highlights:

• 3,019 hectares of mineral tenures 100% owned by the Company

• 1986 drillhole 86-01 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold

• 5-year multi-year area based (MYAB) permit in good standing

• Notice of work (NOW) application approved

Note: all above reported intercepts are core lengths only as the true width of the structures has not yet been determined.

Sebastien Ah Fat, P.Geo., a Qualified Person as defined by National Instrument 43-101, approved the technical information in this release.

On Behalf of the Board of Directors
David Brett, CEO
dbrett@pacificbayminerals.com
(604) 682-2421

Helder Carvalho, Vice President, Corporate Development
hcarvalho@pacificbayminerals.com

pacificbayminerals.com / Twitter / LinkedIn

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to the expected use of proceeds of the Financing. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93395

VANCOUVER, British Columbia, Aug. 18, 2021 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”) is pleased to announce that the Company has elected to accelerate the expiry date of certain warrants. On March 11, 2021, the Company issued a total of 12,500,000 warrants (the “Warrants”) which are exercisable at $0.10 per share until March 11, 2022. As previously announced, the Warrants contained a provision that allows the Company to accelerate the expiry date of the Warrants if the closing price of the Company’s shares on the TSX Venture Exchange is greater than $0.14 for a period of twenty consecutive trading days. As the Company’s shares have closed at higher than $0.14 since June 4, 2021, the Company is now providing notice by way of this press release to all the remaining holders of the Warrants that the expiry date for the Warrants will now be September 30, 2021. The Company will also provide written notice directly to all the Warrant holders of the early expiration date. There are 10,820,000 Warrants that are remaining and subject to the early expiration date. If all warrants are exercised, proceeds of $1,082,000 would be realized.

In addition, the Company announces that is has issued a total of 8,930,000 stock options to its directors, officers, employees and consultants. All the stock options will be exercisable for a period of five years at an exercise price of $0.20. Of the total number of stock options granted 7,050,000 options were granted to directors and senior officers of the Company.

About Search Minerals Inc.

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

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

For further information, please contact:

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

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

Cautionary Statement Regarding “Forward-Looking” Statements:

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

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

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

VANCOUVER, BC / ACCESSWIRE / August 18, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") announces results from a recently completed program comprising geological mapping and soil geochemical sampling at its Nikki copper-gold porphyry project, which is located in the Kluane belt where the Company's research and exploration has recognized a string of promising high-level porphyry copper-gold prospects.

The Nikki project is situated in southwestern Yukon, 25 km northwest of the Mint project (see Company news release dated August 11, 2021) and 16 km west of the Alaska Highway (Figure 1). Both Nikki and Mint are 100% owned by Strategic and neither is subject to underlying royalty interests. The Nikki project comprises 40 mineral claims, encompassing 800 hectares (8 km²), and is located within the Traditional Territory of the White River First Nation.

The Nikki area was first staked in 1910, making it one of the oldest mineral occurrences in western Yukon, but little exploration was done on it prior to Strategic staking its claims in 2004 despite the fact that it was recognized as a porphyry target in the late 1960s soon after Western Copper and Gold's Casino deposit was discovered 120 km to the northeast.

The Nikki porphyry system is hosted in a northwesterly-elongated, early Cretaceous intrusive complex composed of tabular bodies of fine grained diorite and younger porphyritic granodiorite, which intrude a section of Paleozoic argillites with minor limestone lenses. A system of Miocene porphyry dykes cut the older intrusions and sedimentary wallrocks. The target is marked by very strong copper and gold stream sediment anomalies, a magnetic high and a large gossan.

Work by Strategic has defined a 2000 m long by up to 1100 m wide soil geochemical anomaly that is cored by high copper values with scattered anomalous values for lead, zinc and silver on the northern and eastern flanks. Gold-in-soil values are strong within the porphyry but are also high on the flanks where mineralized skarns and veins have been noted. Peak soil values are 3060 ppm copper, 1590 ppb gold, 45.5 ppm silver, 4970 ppm lead and 3950 ppm zinc, as illustrated on Figures 2-6.

The Nikki project has also responded well to geophysical surveys (magnetic, radiometric and induced polarization). A pronounced magnetic high that coincides with the diorite/granodiorite complex (Figure 7) is locally accompanied by strong radiometric highs that are attributed to potassic alteration (Figure 8), and areas of moderate chargeability. The geological setting, soil geochemical patterns and geophysical response are all consistent with a high-level alkalic porphyry system.

A total of seven shallow diamond drill holes have tested the upper portion of the porphyry target, with two holes in 1971 totalling 290 m, four holes in 2010 totalling 1308 m and one hole in 2012 reaching 298 m. All of the holes contain porphyry style alteration and mineralization. The 1971 holes were not analyzed for gold but return promising copper values, with one hole averaging 0.15% over 150 m and the other 0.12% over 140 m. The best results from the 2010 and 2012 drilling came from the bottom of hole 10-02, which averaged 0.13 % copper and 0.076 g/t gold over the last 64 m (Figure 9). Nearby hand trenches also produced encouraging results with chip samples from one trench grading 0.38% copper and 0.364 g/t gold over its entire 6 m length and those from the other trench averaging 0.47% copper and 0.194 g/t gold over its 8 m length.

Little effort has been directed towards evaluating precious metal mineralization in skarns and veins on the fringes of the porphyry system. Most of the gold-enriched rock samples taken on the property were collected up-slope to the northeast of the drill holes (Figure 10). The best gold-in-rock result came from a chip sample across part of a copper-bearing skarn exposure, located about 500 m north of the historical drill holes, which returned 11.95 g/t gold over 2 m. The strongest gold-in-soil values approximately coincide with a broad area characterized by high potassium radiometrics and moderately strong magnetics.

"Historical work has identified a broad zone of copper-enriched porphyry mineralization within the diorite/granodiorite complex, but recent work at Nikki and elsewhere in the Kluane belt suggests that the younger dykes may have played an important role in localizing mineralization, particularly gold." states Doug Eaton CEO of Strategic. "The best results from soils and rocks are mostly located up-slope to the north of the historical drill holes in an area with elevated radiometric and magnetic response. This signature suggests that potassic alteration may have occurred in wallrocks above deeper porphyry mineralization."

Rock sample preparation and multi-element analyses were carried out at ALS in Whitehorse, YT and North Vancouver, BC, respectively. Each sample was dried, fine crushed to better than 70% passing 2 mm and then a 250 g split was pulverized to better than 85% passing 75 microns. The fine fractions were analyzed for 35 elements using aqua regia digestion followed by inductively coupled plasma (ME-ICP41). An additional 50 g charge was further analysed for gold by fire assay and atomic absorption spectroscopy finish (Au-AA24). Samples with overlimit values were further analyzed by four-acid digestion for silver and zinc using Ag-OG46 and Zn-OG46.

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

About Strategic Metals Ltd.

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

Strategic has a current cash position of over $8 million and large shareholdings in a number of active mineral exploration companies including 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 is approximately $22 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

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

Corporate Information

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

Investor Inquiries

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

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

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

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
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Vancouver, British Columbia–(Newsfile Corp. – August 18, 2021) – Great Atlantic Resources (TSXV: GR) (FSE: PH02) has completed an additional four holes of its 2021 diamond drill program at its Golden Promise Gold property in Central Newfoundland, with visible gold continuing to be evident in quartz veins. The 100% owned Golden Promise Property is one of the company's eight properties, which cover an area of 25,700 hectares, located within the central Newfoundland gold belt.

These holes are a part of Phase 2 diamond drilling at the gold bearing Jaclyn Zone, located within the northern region of the Golden Promise Property, which hosts five gold bearing quartz veins systems, being the Jaclyn Main, Jaclyn North, Jaclyn South, Jaclyn East and Jaclyn West Zones.

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The current Phase 2 drilling will include up to 33 drill holes, totalling approximately 5,000 metres, at the gold bearing Jaclyn Zone with holes planned at the Jaclyn Main Zone and Jaclyn North Zone. Holes GP-21-152 and 153 were completed at the Jaclyn Main Zone, both being definition holes. Hole GP-21-152 intersected a quartz veined zone between 46.9 to 49.6 metres. Hole GP-21-153 intersected multiple quartz veins with visible gold present at two locations, within a quartz vein intersected between 44.00 and 46.63 metres, and again within a zone of predominantly quartz veins between 66.90 and 74.48 metres.

Most of the planned holes at the Jaclyn Main Zone are within the central to west region of the zone, testing above 200 metres vertical depth. Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200 to 350 metres vertical depth.

Holes GP-21-154 and 155 were completed at the Jaclyn North Vein near the west margin of a zone of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins, with visible gold present in a quartz vein in GP-21-154.

The company collected gold bearing quartz boulder samples in this area during 2017, including samples returning 163, 208 and 332 grams per tonne and again in 2020 including samples returning 17.4, 26.7 and 157.6 grams per tonne gold.

Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts of 113.07 grams per tonne gold over 0.55 metres and 61.35 grams per tonne gold over 2.04 metres, and 15.8 grams per tonne gold over 2.70 metres, plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 grams per tonne gold over 25.25 metres.

The company reported a NI 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 grams per tonne gold for 119,000 ounces uncapped.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup, a volcano-sedimentary terrane. Recent significant gold discoveries within the Exploits Subzone include 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.

Viewers are warned that mineralization at the Valentine Gold Project, the Moosehead Gold Project, the Queensway Project, and elsewhere within the Exploits Subzone is not necessarily indicative of mineralization on the company's Golden Promise Property.

Great Atlantic, with a number of properties in the Atlantic provinces, is utilizing a Project Generation model, with a special focus on critical elements which are prominent in Atlantic Canada, such as Antimony, Tungsten and Gold.

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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VANCOUVER, British Columbia, Aug. 18, 2021 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Board of Directors (the “Board”). Both Daniel and Gabriel are long term, active participants and investors in the rare earth element industry, and bring extensive commercial and financial experience to the Medallion team.

“The addition of Daniel Mamadou and Gabriel Alonso-Mendoza to the Medallion Board is a key moment for the Company, providing a new level of financial and commercial capacity” said Mark Saxon, President and CEO. “Both Daniel and Gabriel have impressive records, and their contributions to Medallion’s strategy and growth are highly anticipated.”

Daniel Mamadou is the founder and executive director of Welsbach Holdings, a Singapore-based firm investing in the discovery and development of the metals and materials that are critical to the global energy transition. Prior to the formation of Welsbach, Daniel co-founded Talaxis Ltd, a subsidiary of Noble Group focused on the development of supply chains of technology metals and materials. He was the director of Talaxis from 2015 until December 2020. In addition, Daniel’s professional career has included senior roles at Deutsche Bank in London and Hong Kong, Goldman Sachs in London and as Head of the Corporate Solutions and Financing for Nomura Securities for the Asia-Pacific region. Daniel holds an MSc in International Securities and Banking from the ICMA Centre University of Reading and a BA in Business Management from ESIC-Valencia.

Gabriel Alonso-Mendoza co-founded Amvest Capital Inc. to support companies seeking growth capital within the natural resource sector. Throughout his career, Gabriel has raised and invested over $1 billion for companies in the mining and metals, oil and gas, and agriculture industries. Before forming Amvest Capital, Gabriel worked on the buy and sell-side ranging from analyst to junior partner. Gabriel graduated from the University of Miami with a degree in International Finance and Marketing.

Furthermore, Medallion announces the grant of 500,000 stock options to directors which are exercisable into common shares of Medallion at a price of $0.17 per common share in accordance with TSX Policy 4.4, and subject to the rules of the TSX Venture Exchange and the Company’s Stock Option Plan. The options have a term of five years and will expire on August 18, 2026.

Medallion is focused on commercialization of proprietary technologies that enable the sustainable extraction and separation of rare earth elements (“REE”) with minimum environmental footprints. This includes a proprietary method to utilize mineral sand monazite as a low cost REE source for which the positive findings of a Techno-Economic Assessment (“TEA”) were recently published; and the patented Ligand Assisted Displacement (“LAD”) Chromatography process for solvent-free REE separation.

Medallion has recently signed a non-binding Memorandum of Understanding for the single-use application of these technologies in southeastern Australia.

About Medallion Resources

Medallion Resources (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers.

REEs are critical inputs to electric and hybrid vehicles, electronics, imaging systems, wind turbines and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mineral transportation, processing and the safe management of waste materials. Medallion utilizes Life Cycle Assessment methodology to support investment and process decision making.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact(s):

Mark Saxon, President & CEO
+1.604.681.9558 or info@medallionresources.com

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

Medallion management takes full responsibility for content and has prepared this news release. Some of the statements contained in this release are forward-looking statements, such as statements that describe Medallion’s plans with respect to entering into the Binding Contract, and licensing the Medallion Monazite Process to ACDC. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in the company’s management discussions and analysis of financial results. Actual results in each case could differ materially from those currently anticipated in these statements. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required pursuant to applicable laws.

VANCOUVER, BC / ACCESSWIRE / August 17, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has completed the following two drill holes (GP-21-154 and GP-21-155) of the 2021 diamond drilling program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. These holes are part of the Company's Phase 2 drilling program at the Jaclyn Zone. The holes were completed at the Jaclyn North Zone in an area of gold bearing quartz boulders. Both holes intersected sulfide bearing quartz veins. Visible gold is present in a quartz vein in GP-21-154

Quartz Veining in GP-21-154 with Visible Gold

Drill Holes GP-21-154 and GP-21-155 tested the Jaclyn North Zone (JNZ) east of pre-Great Atlantic drilling, being part of the Company's Phase 2 drilling program at the Jaclyn Zone. The first three holes of the Phase 2 drilling program (GP-20-146, GP-20-147 and GP-20-148), conducted during late 2020, extended the JNZ quartz vein system approximately 260 meters further east along strike with each hole intersecting gold bearing quartz veins (see News Releases on the Company's website). GP-21-154 and GP-21-155 were definition holes in this area of the JNZ, each drilled near the west margin of a zone of gold bearing quartz boulders.

The company located gold bearing quartz boulders during 2017-2020 in the area of current drilling at the JNZ, including four boulder samples exceeding 100 g/t gold. This northeast trending quartz boulder field is approximately 300 meters long

Drill hole GP-21-154 was drilled slightly southeast at an approximate 48-degree dip to a length of 122 meters. The objective of the hole was to test the projected up-dip extension of a gold bearing quartz veined interval (including 1.28 g/t gold over 0.87 meters core length) intersected in drill hole GP-21-147. GP-21-154 intersected a quartz veined interval at 20.3 – 22.2 meters. Visible gold is present in one vein within this interval. Sulfide mineralization is also present locally in quartz veins within this interval.

Drill hole GP-21-155 was collared approximately 10 meters north of GP-19-154. Drill hole GP-19-155 was drilled slightly southeast at an approximate 64-degree dip to a length of 92 meters. It intersected multiple quartz veins of which the most prominent and sulfide bearing veins being intersected at 24.20 – 24.75 meters (possible down-dip extension of the quartz veined interval intersected in GP-21-154) and at 56.22 – 56.52 meters.

Quartz vein in GP-21-155

The current Phase 2 drilling will include up to 33 drill holes at the gold bearing Jaclyn Zone with holes completed and planned at the Jaclyn Main Zone (JMZ) and JNZ and total planned drilling of approximately 5,000 meters. The objective of drilling at the JMZ is to further define the zone and provide information for an updated resource estimate of the JMZ. The first five holes completed during 2021 were at the JMZ with visible gold interested in quartz veins in four holes. The Company is continuing the drill hole numbering system from previous drilling programs. Most of the completed and planned holes at the JMZ are within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the JMZ during Phase 2 to test the zone at 200-350 meters vertical depth. Planned holes at the JNZ are east of pre-Great Atlantic drilling to define the zone.

Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the JMZ of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped).

The Company confirmed high-grade gold at the JMZ during initial 2019 drilling, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters, 61.35 g/t gold over 2.04 meters and 15.8 g/t gold over 2.70 meters plus an interval of multiple gold bearing veins in GP-19-140 averaging 2.30 g/t gold over 25.25 meters.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include 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 the Golden Promise Property.

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

Investor Relations:

Andrew Job 1-416-628-1560 IR@GreatAtlanticResources.com
Office Line 604-488-3900

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.

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.

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/660106/Great-Atlantic-Drilling-Confirms-Additional-Quartz-Veins-300-Meters-North-of-Jacklyn-Main-with-Visible-Gold

QUEBEC CITY, Aug. 17, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (“Stelmine” or the “Company”) is pleased to announce that it has entered into an agreement with MarketSmart Communications Inc., pursuant to which MarketSmart will provide investor relations (“IR”) services to Stelmine for an initial term of 12 months.

Stelmine will pay MarketSmart a fee of $7,000 per month, plus applicable taxes, and MarketSmart will also be granted stock options to purchase 500,000 common shares of Stelmine at a price of 28 cents per share for a term of two years. The options are in accordance with Stelmine’s stock option plan and are vested quarterly over one year. The IR agreement, effective August 16, 2021, and grant of options are subject to the approval of the TSX Venture Exchange.

Isabelle Proulx, Stelmine CEO, commented: “As Stelmine becomes much more active on the ground with emerging new discoveries at our projects in the Caniapiscau district, east of James Bay, we are determined to ramp up our outreach to investors. We’re delighted to be working with MarketSmart which is recognized as a leading Canadian IR firm.”

Adrian Sydenham, President of MarketSmart, stated: "Historical drill results at the Courcy Property and a growing number of surface discoveries over a broad area at Mercator to the northwest have our team excited about this project in terms of its scale and grade potential. This part of northern Quebec has received little exploration attention in the past, and Stelmine has the team capable of making an important new discovery. They’re now rapidly approaching the drilling stage after a three-year systematic approach to exploration that has built an impressive inventory of high-quality targets. We see excellent opportunities in the gold space during this second half of 2021, so we’re very excited to be engaging with Stelmine at a catalyst-rich period for the company.”

Project & Regional Map

Click here to see the map

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 sq. km 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
Email: iproulx@stelmine.com
Tel: 418-626-6333

Follow us on: www.Stelmine.com
https://twitter.com/Stelmine1
https://www.facebook.com/StelmineCanada/
https://www.linkedin.com/company/stelmine-canada-ltd/

Globex Mining Enterprises (TSE:GMX) has had a rough three months with its share price down 17%. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Globex Mining Enterprises' ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

See our latest analysis for Globex Mining Enterprises

How Do You Calculate Return On Equity?

The formula for ROE is:

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

So, based on the above formula, the ROE for Globex Mining Enterprises is:

73% = CA$13m ÷ CA$18m (Based on the trailing twelve months to June 2021).

The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.73 in profit.

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Globex Mining Enterprises' Earnings Growth And 73% ROE

To begin with, Globex Mining Enterprises has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 16% which is quite remarkable. As a result, Globex Mining Enterprises' exceptional 73% net income growth seen over the past five years, doesn't come as a surprise.

As a next step, we compared Globex Mining Enterprises' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 30%.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Globex Mining Enterprises is trading on a high P/E or a low P/E, relative to its industry.

Is Globex Mining Enterprises Making Efficient Use Of Its Profits?

Summary

Overall, we are quite pleased with Globex Mining Enterprises' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard would have the 3 risks we have identified for Globex Mining Enterprises.

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

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

BEDFORD, NS / ACCESSSWIRE / August 17, 2021 / (TSXV:SSE) – Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") is pleased to announce that it has signed a binding Letter of Intent ("LOI") with two parties (the "Vendors") to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, (the "Property" or the "Properties") located near Grand Falls, Newfoundland, Canada, 20-25 kilometres west of New Found Gold Corp.'s Queensway project and 15-35 kilometres south of Sokomon Iron Inc.'s Moosehead gold project.

"Newfoundland offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects," said Greg Davison, Silver Spruce VP Exploration and Director. "The Silver Spruce Board of Directors has made a strategic decision to add multiple properties to our portfolio in high-quality jurisdictions which will give shareholders more opportunities for notable discoveries, and with an easy and inexpensive exit strategy, in the event the properties do not fulfill our early exploration criteria."

The 8,750-hectare project is located strategically within the Exploits Subzone, an extensive area of mineral exploration activity and discoveries over the past two years (Figure 1). The Properties are well situated in logistics for exploration, located close to each other and <10-25 kilometres southeast and south by road from Grand Falls, Newfoundland. The Properties are located <50 kilometres from the Gander International Airport and are easily accessible from major paved roads and local logging and bush roads and trails largely by vehicles and more remote areas by ATV.

"We will be expediting our initial geological studies on the Properties during the week of August 23^rd and look forward to completing a definitive agreement with the Vendors shortly thereafter. We are excited with the timely opportunity to acquire these Properties given their strategic location in a very active exploration camp, and proximal to major and structural features defined by the regional and local geophysical and geological coverage," said Greg Davison, Silver Spruce VP Exploration and Director. "We look forward to building out the project ArcGIS database and investigating the most up-to-date geochemical and geophysical techniques to optimize a Fall 2021 Phase 1 exploration program."

Multiple occurrences are reported of agate chalcedony to colloform and crystalline silica veining, carbonate replacement by quartz, and open-space filling quartz and calcite (see Figures 2 and 3), all textures indicative of the upper zones of epithermal systems, and are accompanied by Au and arsenopyrite with minor Cu sulphide and carbonate mineralization in several host lithologies.

The region is structurally complex and located, in large part, between two major crustal lineaments, the Grub Line and Valentine Lake Faults (Figure 1). Numerous major to lesser sub-parallel features merge and bifurcate along strike and are transected by NW and EW-trending faults. These deep-seated structures, which juxtapose geological terranes over hundreds of kilometres, are key to the location and formation of orogenic gold deposits containing several million ounces of gold as reported by a number of junior companies in the district. Though younger, the lineaments are very similar to those of the Abitibi Gold Belt in Ontario and Quebec in scale, splaying surface expression and wide distribution of mineral endowment, though in an earlier stage of overall exploration and development.

Figure 1. Location Map of Mystery, Till and Marilyn Gold Properties in the Exploits Subzone Gold Belt (Image adapted from exploits.gold).

Letter of Intent

The principal terms to purchase 100% interest in the Properties include cash payments and Silver Spruce common shares, with CAD$40,000 in cash and 1,000,000 shares on signing, and escalating payments of CAD$575,000 and 9,000,000 shares spread over five years on the anniversary date of TSX Venture Exchange approval. The minimum work expenditures over the life of the agreement total CAD$1,500,000, with CAD$150,000 required during the first year. The Vendors will retain a two percent Net Smelter Return royalty ("NSR") of which 1% can be purchased by the Company for CAD$2,000,000 and the remaining 1% at market price. An advance royalty of CAD$15,000 per annum would be payable upon and subsequent to the 6^th anniversary. A finder's fee is payable on the acquisition pursuant to the guidelines of the TSX Venture Exchange.

Silver Spruce has a 30-day window after signing the LOI to carry out its due diligence and prepare a Definitive Agreement ("DA") for the Property acquisition.

Figure 2. Epithermal chalcedonic silica veining with complex depositional and compositional banding, open space filling and multi-stage brecciation from Mystery property.

Figure 3. Silica veining with complex deposition as fine laminations to coarse crustiform textures, compositional and textural banding, and multi-stage or episodic brecciation and infilling from Marilyn property.

Qualified Person

Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the Mystery, Marilyn and Till Projects and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("N.I. 43-101"), under TSX guidelines.

About Silver Spruce Resources Inc.

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

Contact:

Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

Michael Kinley, CEO
(902) 826-1579
mkinley@silverspruceresources.com
info@silverspruceresources.com

www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

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

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

SOURCE: Silver Spruce Resources Inc.

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