Tech Metals Archives - MiningFeeds

OTTAWA, ON, July 9, 2024 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that the Company has received certain refunds pertaining to its 2017 and 2018 Quebec Tax Return and Mining Tax Return. The total amount returned to the Company to date, including interest, amounts to $702,781. A further refund of approximately $70,000 is expected very shortly.

In 2023, the Court of Quebec ruled in the Company's favour in a case the Company initiated against the Quebec Revenue Agency with the practical consequence of the judgement being that Northern Shield's right to object to the notices of assessment in dispute had been restored. Northern Shield filed a Notice of Objection immediately after that ruling and the refund announced today is the result of the objection process running through to fruition.

A denial of tax credits had also previously been placed on the Company's 2016 Quebec Tax Return and Mining Tax Return which was eventually settled by Revenue Quebec in the Company's favour in 2021 after Northern Shield filed a Notice of Objection and subsequently commenced a judicial litigation case.

"This has been an exercise in patience and persistence. Although one does not embark on such a course without confidence of success, the six-year time frame to recover the monies rightfully owed to the Company, has tested all our patience. But persistence has paid off and we look forward to focussing on advancing our exploration projects."

–Ian Bliss President/CEO, Northern Shield

Northern Shield Resources

Northern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity, an opportunity to find a Tier 1 asset, near surface, and at relatively low cost. We implement a model driven approach in exploration to reduce any risk associated with early-stage projects for ourselves, our shareholders, and the environment. This approach is what led us to firstly option the Root & Cellar Property from a Newfoundland based prospector, who found and exposed the mineralization, and then its advancement as a large alkaline-related gold-silver-tellurium and porphyry copper system.

Forward-Looking Statements Advisory

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

SOURCE Northern Shield Resources Inc.

Cision

View original content: http://www.newswire.ca/en/releases/archive/July2024/09/c1685.html

VANCOUVER, BC / ACCESSWIRE / July 8, 2024 / Commerce Resources Corp. (TSXv:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") announces that is has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") titled "Mineral Resource Estimate for the Ashram Rare Earth Element and Fluorspar Deposit, Nunavik, Québec, Canada". This filing follows the May 22, 2024 announcement of an updated mineral resource estimate for the Ashram Rare Earth Element and Fluorspar Deposit (the "Ashram Deposit" or "Ashram") with 73.2 Mt at 1.89% TREOǂand 6.6% CaF2 indicated, and 131.1 Mt at 1.91% TREO and 4.0% CaF2 inferred1.

The technical Report has been prepared by BBA Inc., with contributions from PLR Resources, DRA Global Limited and L3 Process Development, all consulting groups independent of the Company, in accordance with NI 43-101. The report is available on SEDAR+ and will shortly be available on the Company's website.

ǂ TREO = sum of all lanthanide oxides + yttrium oxide1 Ashram mineral resource estimate is reported at a cut-off of CAD 287 Net Metal Return (NMR) per tonne with an effective date of April 4, 2024. Mineral resources are not mineral reserves as they do not have demonstrated economic viability.

NI 43-101 DisclosurePatrik T. Schmidt, 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 the Ashram DepositThe Ashram Deposit is central to the Eldor Carbonatite Complex and bordered by an earlier staged calcio-carbonatite and various altered (fenitized) wallrock units. In contrast to its host rocks, the Ashram Deposit appears as a magnetic low and gravity high. Currently, the deposit geometry and geology can best be described as a moderate to steeply NE dipping ovoid, with simple rare earth mineralogy (monazite, bastnaesite, xenotime) that has an unusual enrichment in magnet feed elements (i.e. higher Nd+Pr Oxide/TREO). The Ashram Deposit is a single mineralized body outcropping at surface and has a drill delineated footprint of over 700 m along strike, 300 m across, and 600 m deep, and remains open at depth.

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 within their Eldor Property, in northern Quebec, Canada. 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 (more than 30 – 45% TREO) mineral concentrates at high recovery (more than 60 – 75%) in line with active global producers. The Ashram Deposit also has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets. 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. Additionally, Commerce is committed to exploring the potential of other high-value commodities on the Property such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.

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

On Behalf of the Board of DirectorsCOMMERCE RESOURCES CORP."Chris Grove"Chris GroveCEO and PresidentTel: 604.484.2700Email: cgrove@commerceresources.comWeb: http://www.commerceresources.com

Forward Looking Statements This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include that Ashram has the potential to become one of the largest fluorspar sources in the world and a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Eldor property. 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 events, activities or developments from coming to fruition include: that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions 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 or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; that mineral resource estimates may not be indicative of actual deposits; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made 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 the original press release on accesswire.com

Announces the Exercise of Additional Share Purchase Warrants and the Closing of a Private Placement

ESTES PARK, CO / ACCESSWIRE / July 8, 2024 / Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) is providing an update on its 2024 exploration program at Thor.

Taranis has initiated its deep drilling program at Thor that is targeting magnetotelluric and magnetic targets identified in an airborne survey completed in 2022. The initial focus area is a series of deep anomalies below the Broadview Mine area of the Thor epithermal deposit.

Exercise of Additional Warrants

Pursuant to Taranis announcing the exercise of warrants in its May 2, 2024 and May 9, 2024 News Releases, Taranis is pleased to announce the exercise of a third tranche of warrants in the amount of $100,000 that will be used for ongoing exploration activities at Thor. Taranis has now received a total of $600,000 pursuant to the exercise of 3,000,000 share purchase warrants, all at a price of $0.20 per share.

Closing of Private Placements

Taranis also announces the closing of the following private placements, each as announced on May 2, 2024:

(a)		1,353,888 non-flow-through units (the "NFT Units") at a price of $0.27 per NFT Unit, for gross proceeds of $365,500; and

(b)		20,000 flow-through units (the "FT Units") at a price of $0.30 per FT Unit, for gross proceeds of $6,000.

(Taranis also received subscriptions for $200,000 for additional FT Units. These subscriptions are subject to the subscribers obtaining a waiver of certain Exchange Policies, and, if those waivers are granted, also subject to Taranis receiving disinterested shareholder approval for these subscriptions at its next Annual General Meeting, to be held in September 2024. Further information in this regard will be disseminated when it is available.)

Each NFT Unit consisted of one common share and one share purchase warrant (a "NFT Warrant"), with each NFT Warrant entitling the holder to purchase one additional common share at a price of $0.35 until July 3, 2026. Each FT Unit consisted of one flow-through common share and one share purchase warrant (a "FT Warrant"). Each FT Warrant entitles the holder to purchase one additional common share at a price of $0.35 until July 3, 2026.

All of the securities issued pursuant to these private placements, including any shares that may be issued pursuant to the exercise of either the NFT Warrants or the FT Warrants, are subject to a hold period in Canada until November 4, 2024.

About Taranis and Thor

Taranis Resources is a Canadian mineral exploration company. The Thor Project is located in southeast British Columbia and is comprised of 3,807 hectares of Mineral Tenures and 27 Crown Grant titles to precious and base minerals, many of which include surface rights. Taranis has completed upwards of 250 drill holes, linking all previously known mines into a single, near-surface epithermal deposit that has been recently updated into an NI 43-101 Mineral Resource Estimate (see Taranis News Release dated April 11, 2024).

Qualified Person

Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101. John Gardiner is a principal of John J. Gardiner & Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner has reviewed and approved the comments contained within this News Release.

For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com

Taranis currently has 98,960,915 shares issued and outstanding (112,009,803 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

Per:		John J. Gardiner (P. Geo.),
		President and CEO

For further information contact:

John J. Gardiner681 Conifer LaneEstes Park, Colorado 80517Phone: (303) 716-5922 Cell: (720) 209-3049johnjgardiner@earthlink.net

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS 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 factors beyond its control, and actual results may differ materially from expected results.

SOURCE: Taranis Resources, Inc.

View the original press release on accesswire.com

VANCOUVER, BC / ACCESSWIRE / July 5, 2024 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that a summer drill program has commenced, targeting further delineation of niobium and tantalum mineralization at the Mallard and Miranna Prospects on their Eldor Property, Quebec. Additionally, multiple geophysical anomalies commonly associated with this type of mineralization will be drill tested. The program is being managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB with drilling operations being carried out by Avataa-Rouillier Drilling of Nunavik, Quebec.

A total of twenty (20) to thirty (30) NQ-size drill holes, for a minimum of 7,500 m, are planned for the program as announced in the news release dated May 29th, 2024. One of the main objectives for the 2024 drilling campaign will focus on completing several follow-up drill holes at the Mallard Prospect. The first drill hole of the 2021 drill program at Mallard – EC21-175 – returned the best niobium intercept to-date from the Property at 1.00% Nb2O5 over 17.1 m (and 136 ppm Ta2O5), within a larger interval of 0.82% Nb2O5 over 42.3 m (and 153 ppm Ta2O5; see news release dated November 1st, 2021).

The Company also intends to follow-up on the initial drill testing completed at the Miranna Prospect in 2021, where four (4) drill holes were designed to test the potential for niobium mineralization of the northwest-trending geophysical anomaly that defines Miranna. The Miranna Prospect is characterized by a strongly mineralized (niobium-tantalum-phosphate), glacially dispersed boulder train with an apex that correlates with a distinct magnetic high anomaly. (Figure 1‑1). Drillhole EC21-180 successfully achieved the Company's objective of identifying an area prospective for follow-up, confirming the presence of high-grade mineralization downhole, including 1.20% Nb2O5 over 3.1 m, within a larger interval of 0.72% Nb2O5 over 20.4 m (see news release dated December 8th, 2021).

The third objective is to follow up on several magnetic high anomalies that are characteristic of the niobium and tantalum mineralized carbonatites at the Eldor property (Figure 1‑1). Priority is given to those that are located between the Mallard and Miranna Prospects, and those that have a distinct mineralized and glacially dispersed boulder train.

Figure 1‑1: Priority target areas – 2024 drill program

NI 43-101 Disclosure

Patrik T. Schmidt, 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 within their Eldor Property, in northern Quebec, Canada. 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 (more than 30 – 45% TREO) mineral concentrates at high recovery (more than 60 – 75%) in line with active global producers. The Ashram Deposit also has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets. 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. Additionally, Commerce is committed to exploring the potential of other high-value commodities on the Property such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.

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

On Behalf of the Board of DirectorsCOMMERCE RESOURCES CORP."Chris Grove"Chris GroveCEO and PresidentTel: 604.484.2700Email: cgrove@commerceresources.comWeb: http://www.commerceresources.com

Forward Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include statements relating to the Company's plans for its intended diamond drill program at the Eldor property including, but not limited to, the intended plans for follow-up drill holes at the Mallard Prospect and Miranna Prospects; that Ashram has the potential to become one of the largest fluorspar sources in the world and a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Eldor property. 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 events, activities or developments from coming to fruition include: that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions 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 or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made 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 the original press release on accesswire.com

VANCOUVER, BC, July 3, 2024 /CNW/ – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") announces that it has granted 4,190,000 stock options to directors, officers, and employees of the Company that vest in 90 days. The options were granted for a term of five years and expire on July 2, 2029. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.20.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.

Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates.

Cautionary Statement Regarding Forward-Looking Information

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of options issued by the Company. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

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We recently compiled a list of the 10 Best Lithium and Battery Stocks to Buy Now. In this article, we are going to take a look at where Sociedad Química y Minera de Chile S.A. (NYSE:SQM) stands against the other lithium and battery stocks.

The pivotal role that lithium is playing in the market of batteries, solar panels, and chemicals has resulted in a surge in its global demand, and as such, the lithium market has seen quite a growth in recent years; the market is set to grow from $8.8 billion market size in 2023 to hit $28.45 billion mark in 2033, boasting a CAGR of 12.5%, according to Precedence Research.

On the other hand, the global electric vehicles market size is set to reach $1.579 trillion by 2030 from its market size of $500.48 billion in 2023. This is so because of improved fuel economy and costs, and more importantly, reduced emissions from electric vehicles. Furthermore, according to the International Energy Agency’s (IEA) forecast, global electric car sales are set to grow to 17 million by the end of 2024 from its sales volume of almost 14 million in 2023, 95% of which belonged to China, U.S. and Europe; 65% of new electric cars’ registrations were made in China in 2023, while 25% and 10% registrations were made in Europe and China, respectively! On the back of this, lithium demand and hence, consumption, is set to soar 16% per annum to help it grow from 1,219kt lithium carbonate equivalent (LCE) in 2024 to 2,261kt LCE in 2029, according to Techopedia.

The EV batteries market, 95% of whose growth is accounted for by the electric cars market, saw its demand growing 40% in 2023 in relation to the 2022 demand level, wherein, it grew to 750 GWh. Regions like China, Europe, and the U.S. are again, the fastest growing in terms of EV battery sales as well, as the EV battery market reached 415 GWh, 185 GWh, and 100 GWh in the three regions, respectively, according to IEA.

In terms of regions that are topping the charts of lithium production, Australia, Chile, and China are the top three countries, with their 2023 mine productions standing at levels of 86,000 MT, 44,000 MT, and 33,000 MT, respectively. China, which has relied a lot on lithium imports, found a million metric ton lithium reserve in its province of Sichuan in January 2024.

However, lithium and EV battery industries have been experiencing a downhill in 2024 in terms of raw material prices, wherein, the excess supply has resulted in a fall in various battery metals’ prices, resulting in a reduction in EV prices as well. The average price of an EV in the U.S. saw a downtick of 24.2% in December 2023, as compared to its peak price in the second quarter of 2022. This is on the back of a drop in prices of the highest-cost metals – lithium and nickel. Lithium carbonate ended 2023 at the price level of $13,575 per metric ton, falling 80.9% as compared to its 2023 high, and 81.4% in relation to its 2022 high. Nickel, on the other hand, saw its price falling 47.3% from its 2023 high, ending 2023 at $16,375 per ton.

Methodology

We created this list of 10 Best Lithium and Battery Stocks to Buy Now by listing down companies that operate within the broader market of metals, pertaining specifically to areas of lithium mining, battery sales, and tech relating to batteries. Then, we narrowed down the companies, with their respective upside potential and then ranked the stocks on the number of hedge fund investors in the respective stocks, as of Q1, 2024, using Insider Monkey’s database that tracks 920 hedge funds.

For stocks with an equal number of hedge fund holders, we used their upside potential as the tiebreaker. With this, we now present to you our list of 10 Best Lithium and Battery Stocks to Buy Now.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A laboratory technician pouring a specialty blend of industrial chemicals into a beaker.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Number of hedge fund investors: 13

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the biggest lithium producers, along with being a producer of plant nutrients and iodine as well.

For the full year 2023, the company recorded a net income of $2 billion, while the EPS was recorded at $7; while their revenue was down in value terms, the volume sales saw an uptick of 10%, selling 170,000 metric tons. Following is what was disclosed by the CEO regarding the company’s lithium segment after the end of Q1 2024:

“In the lithium business, as detailed below, we have completed the new expansion of our lithium carbonate facility in Chile, reaching 210,000 metric tons per year, and continued to work on a series of initiatives related to efficiency, quality, and process improvements to expand this production capacity to 240,000 metric tons per year in 2025, thus adding incremental 30,000 metric tons per year of lithium carbonate capacity. Our lithium hydroxide capacity (conversion from lithium carbonate) has reached 40,000 metric tons per year and we remain on track to increase our total lithium hydroxide capacity in Chile to 100,000 metric tons per year in 2025.”

Hedge fund investors’ investments in the stock total $20.5 million, with Bronte Capital having the biggest chunk in it, worth $7.1 million. The current share price of the stock, $40.84, is expected to increase to $62.55, based on analysts’ opinion and that would mean an upside potential of the stock being astonishing 53.2%, explaining why the stock is here in our list of Best Lithium and Battery Stocks to Buy Now.

Overall SQM ranks 7th on our list of the best lithium and battery stocks to buy. You can visit 10 Best Lithium and Battery Stocks to Buy Now to see the other lithium and battery stocks that are on hedge funds’ radar. While we acknowledge the potential of SQM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SQM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Key Insights

The considerable ownership by individual investors in Lindian Resources indicates that they collectively have a greater say in management and business strategy
A total of 11 investors have a majority stake in the company with 51% ownership
Insiders have bought recently

To get a sense of who is truly in control of Lindian Resources Limited (ASX:LIN), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 46% to be precise, is individual investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

While individual investors were the group that benefitted the most from last week’s AU$52m market cap gain, insiders too had a 35% share in those profits.

Let's take a closer look to see what the different types of shareholders can tell us about Lindian Resources.

See our latest analysis for Lindian Resources

ownership-breakdownWhat Does The Lack Of Institutional Ownership Tell Us About Lindian Resources?

We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. Though we do sometimes see large companies without institutions on the register, it's not particularly common.

There are multiple explanations for why institutions don't own a stock. The most common is that the company is too small relative to funds under management, so the institution does not bother to look closely at the company. On the other hand, it's always possible that professional investors are avoiding a company because they don't think it's the best place for their money. Institutional investors may not find the historic growth of the business impressive, or there might be other factors at play. You can see the past revenue performance of Lindian Resources, for yourself, below.

earnings-and-revenue-growth

Lindian Resources is not owned by hedge funds. Because actions speak louder than words, we consider it a good sign when insiders own a significant stake in a company. In Lindian Resources' case, its Top Key Executive, Asimwe Matungwa Kabunga, is the largest shareholder, holding 11% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.8% and 6.8%, of the shares outstanding, respectively.

Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 11 shareholders, meaning that no single shareholder has a majority interest in the ownership.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There is some analyst coverage of the stock, but it could still become more well known, with time.

Insider Ownership Of Lindian Resources

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

It seems insiders own a significant proportion of Lindian Resources Limited. Insiders have a AU$63m stake in this AU$179m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.

General Public Ownership

The general public– including retail investors — own 46% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Private Company Ownership

Our data indicates that Private Companies hold 19%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for Lindian Resources (3 are a bit unpleasant!) that you should be aware of before investing here.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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

We recently compiled a list of the 10 Best Potash Stocks to Buy. In this article, we are going to take a look at where Sociedad Química y Minera de Chile S.A. (NYSE:SQM) stands against the other potash stocks.

Global Potash Market: Rising Demand, Key Players, and Future Growth Projections

Potash encompasses various minerals rich in potassium, primarily potassium chloride (muriate of potash), which dominates the global market. Other compounds like sulfate of potash make up the remainder of the market. As the world's population is expected to reach over 9.7 billion by 2050, the need for potash-based fertilizers will only continue to rise.

The agricultural sector uses more than 95% of the world's potash production, with the remainder going toward commercial and industrial goods like detergents. The US Geological Survey states that historically, a third of the world's potash supply has come from Russia and Belarus combined.

In addition to phosphate and nitrogen, potash is necessary for crop health and is vital for plant growth. However, intensive farming depletes potash reserves, making synthetic fertilizers necessary. Potash prices skyrocketed as a result of the conflict between Russia and Ukraine, reaching a high of over $1200 per metric ton in April 2022 before falling to $328 per metric ton, which is still more than pre-Covid levels. As a result, nations like the US, Brazil, and Morocco have looked for substitute suppliers to lessen their dependency on Belarus and Russia. Grants have also been issued by the US to increase regional fertilizer production. You can also see our post on the top fertilizer stocks to purchase based on hedge funds' 10 Best Fertilizer Stocks to Buy According to Hedge Funds for further information.

The global potash market was valued at USD 57.74 billion in 2022 and is expected to grow at a CAGR of 4.9% from 2023 to 2032, reaching USD 93.50 billion by 2032. The potassium chloride product segment dominated the market with a revenue share of 52.7% in 2022, driven by the surge in agricultural activities. The top 15 national fertilizer markets consume 78% of global potash, while 133 countries consume only 5%. Major players in the potash market include JSC Belaruskali, Compass Minerals, Mosaic Company, Uralkali, and Rio Tinto.

Our Methodology

To rank the 10 best potash stocks, we first conducted sampling, and gathered potash stocks from relevant ETFs. We the narrowed down further based on high upside potential, strong buy analyst recommendations, and large market capitalizations. From this list, we then ranked the top 10 potash stocks according to the number of hedge fund holders in Q1 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A laboratory technician pouring a specialty blend of industrial chemicals into a beaker.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Number of Hedge Fund Holders: 13

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the top potash stocks to buy. Analysts remain bullish on SQM, citing the company's strong position in the lithium market and growing demand for electric vehicles. Sociedad Quimica Y Minera SA (SQM) has received a moderate buy rating from 6 Wall Street analysts. The average price target is $56.05, ranging from $45.00 to $70.00, indicating an upside potential 35.13% increase from the current price of $41.48. In Q1 2024, there were 13 hedge fund holders in the company.

Overall SQM ranks 9th on our list of the best potash stocks to buy. You can visit 10 Best Potash Stocks to Buy to see the other potash stocks that are on hedge funds’ radar. While we acknowledge the potential of SQM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SQM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

We recently compiled a list of the 10 Best Potash Stocks to Buy. In this article, we are going to take a look at where FMC Corporation (NYSE:FMC) stands against the other potash stocks.

Global Potash Market: Rising Demand, Key Players, and Future Growth Projections

Our Methodology

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A laboratory technician carefully mixing chemicals in a laboratory.

FMC Corporation (NYSE:FMC)

Number of Hedge Fund Holders: 32

FMC Corporation (NYSE:FMC) is a leading global agricultural sciences company that provides innovative solutions to growers around the world. The company develops and manufactures crop protection products, plant health management solutions, and professional pest and turf management products. Fourteen Wall Street analysts have given FMC Corporation a Moderate Buy rating based on their most recent projections. With a range of $50.00 to $90.00, the average price target is $68.54. Based on this average, the current price of $57.08 may potentially rise by 20.08%.

In Q1 2024, 32 hedge funds held positions in the company, up from 31 in the previous quarter. Millenium Management held the largest position in the company with 1,916,454 shares worth $122,078,120, comprising 0.05% of the company’s total portfolio.

Overall FMC ranks 5th on our list of the best potash stocks to buy. You can visit 10 Best Potash Stocks to Buy to see the other potash stocks that are on hedge funds’ radar. While we acknowledge the potential of FMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FMC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Wallbridge Mining Company Limited

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX:WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) held its Annual Meeting of Shareholders (the “Meeting”) on June 26, 2024.

A total of 375,770,677 shares or 36.98% of the outstanding shares of the Company were represented at the Meeting. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and management information circular dated May 17, 2024 (“MIC”) were approved by the requisite majority of votes cast at the Meeting.

Voting on the following matters, as described in the MIC, were as follows:

To Set the Number of Directors at Seven (7)

Votes For		Votes Against
Number	Percent	Number	Percent
327,860,364	87.25%	47,910,313	12.75%

Election of Directors for the Ensuing Year

The following directors were elected until the next annual meeting of shareholders or until their successors are otherwise duly elected or appointed: Brian Penny, Janet Wilkinson, Michael Pesner, Anthony Makuch, Jeffery Snow, Danielle Giovenazzo and Brian Christie.

	Votes For		Votes Withheld
	Number	Percent	Number	Percent
Brian Penny	307,933,143	87.647%	43,398,663	12.353%
Janet Wilkinson	325,213,100	92.566%	26,118,706	7.434%
Michael Pesner	289,152,398	82.302%	62,179,408	17.698%
Anthony Makuch	343,276,508	97.707%	8,055,298	2.293%
Jeffery Snow	345,531,527	98.349%	5,800,279	1.651%
Danielle Giovenazzo	289,089,828	82.284%	62,241,978	17.716%
Brian Christie	344,870,421	98.161%	6,461,385	1.839%

Appointment of KPMG LLP as Auditor of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration

Votes For		Votes Withheld
Number	Percent	Number	Percent
373,296,489	99.342%	2,474,188	0.658%

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Québec’s Northern Abitibi region while respecting the environment and communities where it operates.

Wallbridge’s most advanced projects, Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) incorporate a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 square kilometre exploration land package controlled by Wallbridge.

Wallbridge has reported a positive Preliminary Economic Assessment (“PEA”) at Fenelon that estimates average annual gold production of 212,000 ounces over 12 years.

Wallbridge also holds a 15.79% interest in the common shares of NorthX Nickel Corp. (formerly “Archer Exploration”) as a result of the sale of the Company’s portfolio of nickel assets in Ontario and Québec. For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:

Wallbridge Mining Company Limited

Brian Penny, CPA, CMAChief Executive OfficerEmail: bpenny@wallbridgemining.comM: +1 416 716 8346

Victoria Vargas, B.Sc. (Hon.) Economics, MBACapital Markets AdvisorEmail: vvargas@wallbridgemining.comM: +1 289 242 3599

Cautionary Note Regarding Forward-Looking InformationThe information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as at the date of this document.

All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”

FLI in this document may include, but is not limited to: statements regarding the results of the PEA; the potential future performance of the Common Shares; future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the MRE’s at Fenelon and Martiniere (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.

FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.

Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.

Cautionary Notes to United States InvestorsWallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.

It might be of some concern to shareholders to see the Sociedad Química y Minera de Chile S.A. (NYSE:SQM) share price down 14% in the last month. But at least the stock is up over the last five years. In that time, it is up 44%, which isn't bad, but is below the market return of 94%. While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 39% drop, in the last year.

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

See our latest analysis for Sociedad Química y Minera de Chile

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During five years of share price growth, Sociedad Química y Minera de Chile actually saw its EPS drop 2.3% per year.

By glancing at these numbers, we'd posit that the decline in earnings per share is not representative of how the business has changed over the years. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

In fact, the dividend has increased over time, which is a positive. Maybe dividend investors have helped support the share price. We'd posit that the revenue growth over the last five years, of 39% per year, would encourage people to invest.

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

earnings-and-revenue-growth

Sociedad Química y Minera de Chile is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. Given we have quite a good number of analyst forecasts, it might be well worth checking out this free chart depicting consensus estimates.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Sociedad Química y Minera de Chile the TSR over the last 5 years was 70%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

A Different Perspective

Investors in Sociedad Química y Minera de Chile had a tough year, with a total loss of 38% (including dividends), against a market gain of about 25%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 11% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 3 warning signs for Sociedad Química y Minera de Chile (1 is concerning) that you should be aware of.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

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

The board of FMC Corporation (NYSE:FMC) has announced that it will pay a dividend of $0.58 per share on the 18th of July. Based on this payment, the dividend yield on the company's stock will be 4.1%, which is an attractive boost to shareholder returns.

See our latest analysis for FMC

FMC's Payment Has Solid Earnings Coverage

While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Before making this announcement, FMC was paying a whopping 139% as a dividend, but this only made up 24% of its overall earnings. The business might be trying to strike a balance between returning cash to shareholders and reinvesting back into the business, but this high of a payout ratio could definitely force the dividend to be cut if the company runs into a bit of a tough spot.

Looking forward, earnings per share is forecast to fall by 39.1% over the next year. If the dividend continues along the path it has been on recently, we estimate the payout ratio could be 45%, which is comfortable for the company to continue in the future.

historic-dividendFMC Has A Solid Track Record

The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The annual payment during the last 10 years was $0.54 in 2014, and the most recent fiscal year payment was $2.32. This means that it has been growing its distributions at 16% per annum over that time. Rapidly growing dividends for a long time is a very valuable feature for an income stock.

The Dividend Looks Likely To Grow

Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see that FMC has been growing its earnings per share at 21% a year over the past five years. A low payout ratio gives the company a lot of flexibility, and growing earnings also make it very easy for it to grow the dividend.

In Summary

In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about FMC's payments, as there could be some issues with sustaining them into the future. While FMC is earning enough to cover the payments, the cash flows are lacking. Overall, we don't think this company has the makings of a good income stock.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. To that end, FMC has 4 warning signs (and 2 which can't be ignored) we think you should know about. Is FMC not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.

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

VANCOUVER, BC, June 27, 2024 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) ("Bravo" or the "Company") today announces the results of voting from the Annual General and Special Meeting of shareholders held earlier today (the "Meeting").

A total of 92,860,246 common shares were represented at the meeting, representing 85.55% of the issued and outstanding shares of the Company at the record date.

All matters presented for approval at the Meeting were approved by shareholders, as detailed below.

Number of Directors

Results of voting for the resolution to set the number of directors to be elected at four (4) were as follows:

Votes

For

Vote For

Votes

Withheld/Abstained

92,808,426

99.94

51,820

0.06

Election of Directors

The following four individuals were elected as directors of the Company until the next annual meeting of shareholders or until their successors are elected or appointed, with the votes being cast by ballot were as follows:

Name of Nominee	Votes For	% Vote For	Votes Withheld/Abstained	% Withheld/Abstained
Luis Mauricio F. Azevedo	90,964,552	99.99 %	720,800	0.79
Stuart Comline	90,964,552	99.21 %	720,800	0.79
Anthony Polglase	90,964,552	99.21 %	720,897	0.79
Stephen Quin	91,684,452	100.00 %	800	0.00

Appointment of Auditor

Results of voting for the resolution to approve KPMG LLP, Chartered Accountants, were re-appointed as independent auditor of the Company for the ensuing year and the directors are authorized to fix their remuneration, were as follows:

Votes

For

Vote For

Votes

Withheld/Abstained

92,808,426

99.94

51,820

0.06

Amended Stock Option Plan

Results of voting by disinterested shareholders for the resolution to approve the Amended Stock Option Plan were as follows:

Votes

For

Vote For

Votes

Withheld/Abstained

32,385,079*

99.95

16,372

0.05

* Excluding 56,283,901 shares held by Insiders

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.

The Luanga Project is situated on mature freehold farming land and benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail, and clean renewable hydro grid power. A fully funded 63,000m infill, step out and exploration drilling program is well advanced, with 19,000m of drilling and 11,000m of trenching scheduled to be completed in 2024. Bravo's current Environmental, Social and Governance activities includes replanting high-value trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

SOURCE Bravo Mining Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/27/c9702.html

Investors in FMC Corporation FMC need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $30.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?

Clearly, options traders are pricing in a big move for FMC Corp shares, but what is the fundamental picture for the company? Currently, FMC Corp is a Zacks Rank #3 (Hold) in the Chemical – Diversified industry that ranks in the Top 38% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of 65 cents per share to 51 cents in that period.Given the way analysts feel about FMC Corp right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Zacks Investment Research

DENVER, CO / ACCESSWIRE / June 24, 2024 / Solitario Resources Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to announce that its final revised Plan of Operations for its Golden Crest project has been signed by US Forest Service. Additionally, the South Dakota Board of Minerals has accepted Solitario's reclamation bond paving the way for exploration drilling to begin. We are now in the process of mobilizing drilling equipment and organizing support equipment necessary for our drilling operations. Several drill targets are planned to be tested, including Downpour, Whirlwind, Matchstick and Mirage. None of these high-quality gold targets have ever been drilled before.

Chris Herald, President and CEO of Solitario, stated: "Final US Forest Service signoff on our Plan of Operations represents a milestone event for Solitario. We are excited to initiate drilling at Golden Crest where we have discovered and developed multiple outstanding drill targets during the past couple of years. Phase-One of the 2024 drilling program consists of 5,000 meters of drilling, and we are prepared to quickly expand the scope of Phase-One drilling should early results warrant. We now look forward to reporting our progress and results.

Our exploration team designed a comprehensive program that protects the environment, including water and surface resources, and the safety and health of our employees and other parties using the forest. The U.S. Forest Service has thoroughly vetted our proposed surface activities and impacts and incorporated modifications to the original plan as required under US Forest Service regulations and the NEPA public input process. In addition, the South Dakota Department of Agriculture & Natural Resources has also provided input and guidance to our proposed drilling activities to ensure compliance with all state regulations, especially as it pertains to ensuring ground water quality. We are confident that we will be able to execute our program in a safe and responsible manner."

Walter Hunt to Retire / Golden Crest Management Team Strengthened

Walter Hunt, Solitario's COO, will be retiring from Solitario at the end of June. Walt has been with the Company for over 30 years directing various exploration, development and permitting activities for Solitario.

Chris Herald, President and CEO, stated: "Solitario has been very fortunate to have had such a dedicated and talented executive on its team for his many years of service. Among Walt's many accomplishments for Solitario were directing the discovery team of the high-grade Florida Canyon zinc deposit in Peru, expansion of resources and completion of a feasibility study and mine permitting at our former 80%-owned Mt. Hamilton gold deposit in Nevada. More recently, Walt directed the exploration team at Golden Crest, including managing the drill hole permitting process. Although Walt could have retired several years ago, he made the commitment to complete the initial drill hole permitting process at Golden Crest. With final Forest Service signoff on Golden Crest's Plan of Operation, Walt has decided it's the right time to retire and let our experienced Golden Crest exploration team move the project forward from here.

On a personal note, I have known Walt since my Colorado School of Mines graduate school days in the late 1970's. We are not only long-term Solitario employees that have worked closely together for decades, but are also close personal friends. I wish Walt nothing but the best in his new adventures in retirement and thank him for his incredible contributions to Solitario over the years. Although Walt will be missed on a day-to-day basis, he remains committed to assist Solitario as a valued advisor whenever needed."

Walt Hunt commented further: "This was a difficult decision. Golden Crest is the most exciting gold project I've ever worked on with exceptional potential. However, there comes a time in everyone's career when it's time to step down and go in another direction in one's life. I have total confidence in our Golden Crest team in taking this project to the next level. Our advanced stage zinc projects are also in great hands with our managing partners, Teck and Nexa Resources."

Solitario recently expanded its Golden Crest project management team with the addition of Sandor ("Shawn") Ringhoffer. Sandor comes to Solitario with over 36 years in the gold exploration arena, 19 years of which were spent with Agnico Eagle. Most recently, Sandor was project manager for Agnico Eagle's Gilt Edge gold mine re-evaluation project in the Black Hills. Work on this project included establishing a community relations team, diamond core drilling, geophysics, and complying with a three-way administrative settlement agreement with State and Federal agencies which authorized work on the project. Sandor worked six years in the Black Hills from 1988 through 1994 in the position of Mine Geologist at Golden Reward and at Gilt Edge.

Chris Herald commented: "Sean is a valuable addition to our Golden Crest team with his extensive experience in exploration and permitting in the Black Hills. I am confident that our current management and geologic team at Golden Crest, together with our highly dedicated South Dakota staff, will be successful in advancing Golden Crest."

About Solitario

Solitario is a natural resource exploration company focused on high-quality Tier-1 gold and zinc exploration projects. Solitario's 100%-owned Golden Crest properties in South Dakota constitute strategic land holdings along the western and southwestern extensions of the Homestake-Wharf mining district that has produced approximately 52 million ounces of gold and contains another 30 million ounces in historical resources (not SK-1300 or NI-4301 compliant). The project area is located in a safe jurisdiction with highly developed infrastructure, an unbroken 150-year record of continuous gold mining, a skilled mining workforce, and a history of high-grade, underground mineable gold deposits.

The Company is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its South Dakota property holdings, Solitario holds a 50% joint venture interest (Teck Resources 50%) in the high-grade Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources 61%) on the high-grade Florida Canyon zinc project in Peru. At Florida Canyon, Solitario is carried to production through its joint venture arrangement with Nexa. Solitario's Management and Directors hold approximately 9.3% (excluding options) of the Company's 80.2 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$9.6 million. Additional information about Solitario is available online at www.solitarioresources.com.

Solitario has a long history of committed Environmental, Social and Responsible Governance ("ESG") of its business. We realize ESG issues are also important to investors, employees, and all stakeholders, including communities in which we work. We are committed to conducting our business in a manner that supports positive environmental and social initiatives and responsible corporate governance. Importantly, we work with joint venture partners that not only value the importance of ESG issues in the conduct of their business on our joint venture projects but are leaders in the industry in this important segment of our business.

For More Information Please Contact:

Chris Herald, President and CEOSolitario Resources Corp.Tel. 303-534-1030 ext. 1

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934, and as defined in the United States Private Securities Litigation Reform Act of 1995 (and the equivalent under Canadian securities laws), that are intended to be covered by the safe harbor created by such sections. Forward-looking statements are statements that are not historical facts. They are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and address activities, events or developments that Solitario expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Forward-looking statements involve numerous risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Solitario's Golden Crest land position does not cover any of the areas of historical gold production or historical unmined resources. Certain historical information concerning exploration and gold production in the Black Hills region has been obtained through both public and private sources and are believed to be substantially factual, but Solitario can give no assurances of the accuracy of such information. The existence of historic mines and resources adjacent to Solitario's land position do not necessarily support the existence of economic mineral deposits on Solitario's land position. Such forward-looking statements include, without limitation, statements regarding the Company's expectation of the projected timing and outcome of engineering studies; expectations regarding the receipt of all necessary permits and approvals to implement a mining plan, if any, at any of its mineral properties. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to risks that Solitario's and its joint venture partners' exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of zinc, gold, lead and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; availability of outside contractors, and other activities; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; the possibility that environmental laws and regulations will change over time and become even more restrictive; and availability and timing of capital for financing the Company's exploration and development activities, including uncertainty of being able to raise capital on favorable terms or at all; risks relating to the impacts of pandemics or similar epidemics; as well as those factors discussed in Solitario's filings with the U.S. Securities and Exchange Commission (the "SEC") including Solitario's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

SOURCE: Solitario Resources Corp.

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DENVER, CO / ACCESSWIRE / June 20, 2024 / Solitario Resources Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) announces results of its Annual General Meeting of Shareholders at which holders of 39,943,338 shares of common stock were present in person or by proxy. The four matters identified below were submitted to a vote of the shareholders. Each proposal is more fully described in Solitario's definitive proxy statement filed with the Securities and Exchange Commission dated April 26, 2024.

Chris Herald, President and CEO of Solitario, commented "We are pleased with the results of this year's Annual Meeting and thank our shareholders for their ongoing support as we strive to create value by moving our projects forward. The scope of our exploration activities includes the exploration success we have reported at our Golden Crest project in South Dakota as well as on-going activities at our Lik zinc project in Alaska operated by Teck and at our Florida Canyon zinc project in Peru, operated by Nexa. We look forward to reporting results on these activities in the coming months."

Report of Voting Results

1. Election of Directors. Seven directors were elected to serve until the next Annual Meeting of Shareholders or until their successors are elected and qualified, with each director receiving the votes (and percentage of shares voting, excluding broker non-votes) below:

Shares voted
Name	For	Withheld	Broker Non-Votes
Brian Labadie	31,042.633 (99.73% of shares voting)	85,524	8,815,181
John Labate	30,751,591 (98.79% of shares voting)	376,567	8,815,181
James Hesketh	28,623,488 (91.95% of shares voting)	2,504,670	8,815,181
Christopher E. Herald	31,067,754 (99.81% of shares voting)	60,403	8,815,181
Gil Atzmon	30,818,015 (99.00% of shares voting)	310,142	8,815,181
Joshua D. Crumb	30,685,575 (98.58% of shares voting)	442,582	8,815,181
Debbie Austin	30,927,466 (99.36% of shares voting)	200,691	8,815,181

2. Advisory Vote on Executive Compensation: The shareholders approved the following resolution concerning the compensation of Solitario's named executive officers, with 30,647,871 shares voting for (98.45% of shares voting), 230,124 shares voting against, 250,162 shares abstaining, and 8,815,181 broker non-votes.

"RESOLVED THAT: Solitario shareholders approve the compensation of Solitario's named executive officers, as disclosed in the Company's proxy statement, dated April 26, 2024, pursuant to the compensation disclosure rules of the SEC set forth in Item 402 of Regulation S-K, including, but not limited to, the Compensation Discussion and Analysis, the compensation tables, and any related material disclosed in the proxy statement for the 2024 annual meeting."

3. Advisory Vote on the Frequency of the Company's Advisory Vote on Executive Compensation: In accordance with Section 14A of the Securities Exchange Act of 1934 (the "Exchange Act"), the Company is required to solicit Shareholder preferences regarding the frequency of future advisory votes on executive compensation at least once every six years. Accordingly, we sought an advisory vote from our shareholders that asks them to indicate how often they believe the Company should hold an advisory vote on the executive compensation of our named executive officers.

A majority of shareholders voted that a non-binding advisory vote on executive compensation should occur every year, with 30,912,432 shares voting for an interval of One Year (99.00% of shares voting). The Company will hold a non-binding advisory vote on executive compensation every year until 2030 in accordance with the rules of the United States Securities and Exchange Commission.

4. Appointment of Auditors. The appointment of Assure CPA, LLC as Solitario's auditors for fiscal year 2024 was ratified, with 39,575,235 shares voting for (99.32% of shares voting), 106,621 shares voting against, 164,732 shares voting to abstain, and 96,750 broker non-votes

About Solitario

Solitario is a natural resource exploration and development company focused on high-quality Tier-1 gold and zinc projects. The Company's common stock is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its Golden Crest project, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario is carried to production through its joint venture arrangement with Nexa. Solitario's Management and Directors hold approximately 9.0% (excluding options) of the Company's 81.4 million shares outstanding. Additional information about Solitario is available online at www.solitarioxr.com.

FOR MORE INFORMATION CONTACT:

Christopher E. HeraldPresident & CEO(303) 534-1030, Ext. 1

SOURCE: Solitario Resources Corp.

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PHILADELPHIA, June 19, 2024 /PRNewswire/ —

FMC Corporation (NYSE: FMC) announced today it will release its second quarter 2024 earnings on Wednesday, July 31, 2024, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.

The company will host a webcast conference call on Thursday, August 1, 2024 at 9:00 a.m. ET that is open to the public via internet broadcast and telephone.

Conference Call Details:

Internet broadcast: https://investors.fmc.com

United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Global Dial-In Numbers: https://www.netroadshow.com/events/global-numbers?confId=48643 Access Code: 271734

Pre-Registration Link: https://www.netroadshow.com/events/login?show=604ac4c3&confId=66859

A replay of the call will be available via the internet and telephone from 11:00 a.m. ET on August 1, 2024, until August 22, 2024.

Internet replay: https://investors.fmc.comUnited States (Local): 1 929 458 6194United States (Toll-Free): 1 866 813 9403Access Code: 393657

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,000 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.

Cision

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SOURCE FMC Corporation

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

VANCOUVER, BC / ACCESSWIRE / June 12, 2024 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0) (the "Company" or "Commerce") is pleased to announce a non-brokered private placement offering consisting of the issuance of up to 16,000,000 units (each, a "Unit") at a price of $0.126 per Unit for gross proceeds of up to $2,016,000 (the "Offering"). Each Unit will consist of one common share of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one Share at a price of $0.25 per Share for a period of two (2) years from closing of the Offering (the "Closing").

Pursuant to a binding engagement agreement ("Term Sheet") entered into between Commerce and Churchill SIG Pty Ltd. ("Churchill"), Churchill will act as exclusive lead manager for the Offering, for a term of up to three (3) months, to introduce (the "Services") potential qualified subscribers to the Company in connection with a portion of the Offering (the "Churchill Portion"). Churchill will not provide the Services in Canada or for the benefit of Canadian residents, and any potential subscribers introduced by Churchill will not be residents of Canada.

As consideration for the Services, and upon completion of the Offering, the Company has agreed to pay Churchill a cash fee (the "Cash Fee") equal to 5% of the amount raised under the Offering from persons introduced by Churchill, and to issue such number of non-transferable share purchase warrants (the "Finder's Warrants") that equals 12.5% of the total number of Units issued to persons introduced by Churchill under the Offering. Each Finder's Warrant will entitle the holder to acquire one additional common share (a "Finder's Warrant Share") in the capital of the Company at a price of $0.20 per Finder's Warrant Share for a period of two (2) years from the date of issuance of the Finder's Warrants. The Company has also agreed to pay Churchill's reasonable fees and expenses in connection with the Services, up to $10,000. Churchill shall have a right of first refusal to act as lead manager in connection with any other equity offerings undertaken by the Company within a 12-month period following completion of the Offering. The Units, Shares, Warrants, Warrant Shares, Finder's Warrants and Finder's Warrant Shares are collectively referred to herein as the "Securities".

The Offering will be conducted pursuant to one or more prospectus exemptions available to the Company, including, without limitation, the "accredited investor" exemption set out in Section 2.3 of National Instrument 45-106 – Prospectus Exemptions and the prospectus exemption set out in BC Instrument 72-503 – Distribution of Securities Outside British Columbia.

In addition to the fee payable to Churchill in connection with any persons introduced by Churchill, the Company may pay finders' fees consisting of cash, securities or a combination thereof to other parties in connection with the persons introduced to Commerce by such other parties, all in accordance with the policies of the TSX Venture Exchange (the "Exchange").

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange.

The net proceeds from the sale of the Offering will be used towards completion of the updated PEA for the Ashram REE/ Fluorspar Deposit and general working capital.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 DirectorsCOMMERCE RESOURCES CORP.

"Chris Grove"Chris GrovePresident and DirectorTel: 604.484.2700Email: cgrove@commerceresources.comWeb: http://www.commerceresources.com

Cautionary Statement Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Services to be provided by Churchill, the expectations of management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, the expiry of hold periods for securities distributed pursuant to the Offering, that Exchange approval is required for the proposed Offering, that the Ashram deposit has the potential to become one of the largest fluorspar deposits and a long-term supplier to the mixed rare earth carbonate, NdPr oxide, and met-spar and acid-spar markets; and that the Company is positioning to be one of the lowest cost rare earth element producers globally. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the Company may not complete the Offering on terms favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the conditions to the Closing; and those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Commerce Resources Corp.

View the original press release on accesswire.com

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

VANCOUVER, BC / ACCESSWIRE / June 6, 2024 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0) (the "Company" or "Commerce") is pleased to announce a non-brokered private placement offering of up to 28,000,000 charity flow-through units (each, a "FT Unit") at a price of $0.18 per FT Unit for aggregate gross proceeds of up to $5,040,000 (the "Offering"). Each FT Unit will be comprised of one common share in the capital of the Company (each, a "FT Share") and one transferable share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to receive one non-flow-through common share in the capital of the Company (each, a "Warrant Share") at a price of $0.25 per Warrant Share at any time before the date that is two (2) years following the date of issuance. The FT Units are being issued pursuant to a charity arrangement structured by Peartree Securities Inc.

The Company also announces that it has entered into an agreement ("Term Sheet") with Churchill SIG Pty Ltd. ("Churchill"), whereby Churchill will act as lead manager, for a term of up to three (3) months, to introduce potential qualified subscribers (the "Services") to the Company in connection with the Offering. Churchill will not provide the Services in Canada or for the benefit of Canadian residents, and any potential subscribers introduced by Churchill will not be residents of Canada.

As consideration for the Services, and upon completion of the Offering, the Company has agreed to pay Churchill a cash fee (the "Cash Fee") equal to 5% of the amount raised under the Offering from persons introduced by Churchill, and to issue such number of non-transferable share purchase warrants (the "Finder's Warrants") that equals 12.5% of the total number of FT Units issued to persons introduced by Churchill under the Offering. Each Finder's Warrant will entitle the holder to acquire one common share (a "Finder's Warrant Share") in the capital of the Company at a price of $0.20 per Finder's Warrant Share for a period of two (2) years from the date of issuance of the Finder's Warrants. The Company has also agreed to pay for Churchill's reasonable fees and expenses in connection with the Services, up to $10,000. Churchill shall have a right of first refusal to act as lead manager in connection with any other equity offerings undertaken by the Company within a 12-month period following completion of the Offering. The FT Units, FT Shares, Warrants, Warrant Shares, Finder's Warrants and Finder's Warrant Shares are collectively referred to herein as the "Securities".

In addition to the fee payable to Churchill in connection with investors introduced to the Company by Churchill, the Company may pay finders' fees consisting of cash, securities or a combination thereof to other parties in connection with the Offering, all in accordance with the policies of the TSX Venture Exchange (the "Exchange").

The Offering is expected to close on or about June 18, 2024, or on any other date or dates as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Exchange. The Securities, and the underlying securities, will be subject to a hold period of four months and one day from the date of closing.

Certain insiders of the Company are anticipated to participate in the Offering, and the participation of insiders will be considered a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by insiders will not exceed 25% of the Company's market capitalization.

The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"). An amount equal to the gross proceeds from the issuance of the FT Units will be used to incur eligible resource exploration expenses which will qualify as "Canadian exploration expenses" (as defined in the Tax Act). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units will be incurred (or deemed to be incurred) by the Company on or before December 31, 2025 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2024. The gross proceeds from the sale of the FT Units will be used to underwrite the upcoming drilling program for the niobium targets on the claims owned by the Company in Nunavik, Quebec.

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 GrovePresident and DirectorTel: 604.484.2700Email: cgrove@commerceresources.comWeb: http://www.commerceresources.com

ACCESSWIRE | Article Logo

Cautionary Statement Regarding Forward-Looking StatementsThis news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Services to be provided by Churchill, the expectations of management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, the expiry of hold periods for securities distributed pursuant to the Offering, that Exchange approval is required for the proposed Offering, that the Ashram deposit has the potential to become one of the largest fluorspar deposits and a long-term supplier to the mixed rare earth carbonate, NdPr oxide, and met-spar and acid-spar markets; and that the Company is positioning to be one of the lowest cost rare earth element producers globally. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the Company may not complete the Offering on terms favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the conditions to the Closing; and those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Commerce Resources Corp.

View the original press release on accesswire.com

VANCOUVER, BC / ACCESSWIRE / June 3, 2024 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to announce the appointment of Mr. Bradley Adamson as an Independent Director.

Mr. Adamson is a veteran resource industry professional with over 25 years of global experience focused on nickel and cobalt in Canada, Africa, Brazil and Australia with Glencore PLC, where he leads Business Development for Glencore's nickel group. He has led and been involved with many of Glencore's nickel divestments, mergers and acquisitions and has held various board positions for the group.

He holds a Bachelor of Engineering in Minerals Engineering from the Western Australian School of Mines along with a Post Graduate Diploma in Applied Finance from Kaplan Professional. He began his career with WMC Resources followed with periods at Anaconda Operations and BHP Billiton. He joined Glencore in 2004 and has developed a strong operational, project development and commercial background over the subsequent 20 years with the group.

Stillwater Critical Minerals President & CEO, Michael Rowley commented, "We are very pleased to announce the appointment of Bradley Adamson as Glencore's appointee to the Stillwater board of directors. Bradley brings extensive corporate experience in global mining and mine finance in addition to his strong background in nickel and cobalt metallurgy to our work in the Stillwater Igneous Complex, one of the world's most iconic magmatic formations. We look forward to providing further updates including additional drill results as we continue to advance our flagship Stillwater West critical minerals project towards its potential as a primary US-based source of battery and catalytic metals."

Warrant Extension

The Company further reports that it has applied for TSX Venture Exchange approval to extend the expiry date on certain warrants that are due to expire June 16, 2024 (the "Warrants"). Per the application, 7,406,250 Warrants that were originally issued as part of a financing completed in June 2021 (see news release June 16, 2021) will be extended to a new expiration date of June 16, 2025. Each Warrant entitles the holder to acquire one common share at an exercise price of CDN$ 0.55.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, positions Stillwater West with the largest nickel resource in an active US mining district as part of a compelling suite of nine minerals now listed as critical in the USA. To date, five Platreef-style nickel and copper sulphide deposits host a total of 1.6 billion pounds of nickel, copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold at Stillwater West. All deposits remain open for expansion along trend and at depth. Results are pending from resource expansion drilling completed in the fall of 2023.

Stillwater also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals' development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director – Stillwater Critical MineralsEmail: info@criticalminerals.com Phone: (604) 357 4790Web: http://criticalminerals.com Toll Free: (888) 432 0075

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Stillwater Critical Minerals 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 the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Stillwater Critical Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.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.

SOURCE: Stillwater Critical Minerals

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Highlights include 11.48m at 14.3% Cu, 3.3g/t Au including 2.9m at 22.9% Cu, 3.6g/t Au at T5 Target

Regional exploration has drilled two new areas of sulphide mineralization (T5 and T6 Targets), east of the original Luanga PGM+Ni+Au deposit.
T5 and T6 targets are only two of eleven priority EM anomalies hosted within the boundaries of the Luanga tenement.
T6 target has also intersected massive sulphides in ultramafic rock.

VANCOUVER, BC, May 28, 2024 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") has completed initial drill holes on the "T5" and "T6" electromagnetic ("EM") anomalies/targets. Assays have been received from the first drill hole ("DDH") at target T5. Both targets are located east of the original PGM+Au+Ni prospecting area of the 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga" or "Luanga PGM+Au+Ni Project"), in the Carajás Mineral Province, state of Pará, Brazil.

"Drilling of geophysical HeliTEM targets has identified high-grade Iron Oxide Copper Gold style ("IOCG-style") mineralization and represents a potentially significant high-grade copper discovery. T5 is only one of eleven priority EM anomalies hosted within the boundaries of the Luanga tenement. Moreover, at the proximal EM target (T6), drilling has intersected similar massive sulphide mineralization (assays pending)." said Luis Azevedo, Chairman and CEO. "We are very encouraged by the discovery of high-grade copper and shareholders should be cognisant that Luanga is situated within the world class Carajás IOCG province, an area very fertile for high-grade copper discoveries. These results are a credit to Bravo's highly skilled geology team who are only now beginning to uncover the very exciting copper potential adjacent to Luanga's Tier 1 PGM+Au+Ni deposit."

Highlights Include:

Hole DDH2405T002 at target T5 intersected 11.48m of massive/semi-massive/breccia high-grade copper sulphide mineralization grading 14.3% Cu, 3.3g/t Au including 2.9m at 22.9% Cu, 3.6g/t Au (Figures 1 and 2).
High-grade copper in DDH2405T002 remains open at depth and along strike.
Drill hole DDH2405T004 (assays pending), completed 50m to the east of DDH2405T002, also intersected 9m of massive/semi-massive/breccia IOCG-style copper sulphide mineralization (Figure 4).
Presence of copper mineralization is consistent with mineralization in the Carajás province where IOCG-style mineralization is well established and high-grade discoveries are not unusual.
Such high-grade copper mineralization is likely unrelated to the Luanga PGM+Ni+Au deposit 1km away.
Drilling at T6 intersected 6m of massive/semi-massive/breccia sulphides (assays pending), in this case predominantly pyrrhotite. At this early stage, it appears to be of a magmatic style, hosted in ultramafic rocks like those seen in the footwall of the Luanga deposit. Follow-up drilling is planned.

Figure 1: 19% High-Grade Copper in DDH2405T002: T5 Massive sulphide Cu mineralization (~173m downhole). Open on strike and depth. (CNW Group/Bravo Mining Corp.)

Exploration Drilling Update

Initial test diamond drilling of on Borehole Electromagnetic Targets ("BHEM") targets T5 and T6 has been completed, and assay results have been received from one of the holes at T5. Drill holes are angled at -60 degrees, towards azimuths of 150-180° at T5 and 330-000° at T6. Together, this set of drill holes comprise a total of 893 metres of diamond drilling.

Over the past 6 months, Bravo has conducted systematic first-pass test drilling, coupled with BHEM on the priority EM conductors identified by the HeliTEM survey. Although these modelled conductors, generated by an airborne EM technique on 150m spaced lines, have a lower degree of locational accuracy, they are sufficiently defined to place first-pass drilling proximal to the conductor's location. From there, BHEM, which provides more precise readings every 1m down the hole, has enabled development of accurately located conductor models for follow-up drilling.

From the 17 priority EM anomalies identified in the HeliTEM survey (see press release September 11, 2023), Bravo has narrowed this list to 11 high priority conductors that warranted follow-up drilling of predominantly off-hole BHEM conductors. Drill testing commenced with the T5 and T6 targets, which are respectively situated between 1km and 4km east of the Luanga PGM+Au+Ni deposit.

T5 Target

Figure 2 shows the mineralization intersected and responsible for the T5 conductor, consisting of massive/semi-massive/breccia sulphides with sufficient pyrrhotite to generate a strong EM response. The first hole (DDH2305T001, Figure 3), drilled with an azimuth of 150°, targeted the HeliTEM conductor but only intercepted a narrow interval of mineralization (0.7m grading 1.98% Cu). Subsequent detailed BHEM modelling from this drill hole indicated that the conductor was located to the west with a slightly different alignment. To compensate, a new drill hole (DDH2405T002, Figure 3) was positioned with an azimuth of 180°.

Figure 2: DDH2405T002 – Massive/semi-massive/ breccia sulphide Cu mineralization at the T5 target (165.8 – 174.8m downhole shown). (CNW Group/Bravo Mining Corp.)

HOLE-ID	From (m)	To (m)	Thickness (m)	Cu (%) Sulphide	Ni* (%) Sulphide	Au (g/t)	TYPE
DDH2405T002	165.62	177.10	11.48	14.27	0.11	3.33	FR
Including	167.50	170.36	2.86	22.91	0.07	3.62	FR

Notes:	All 'From', 'To' depths, and 'Thicknesses' are downhole.
	Given orientation of drilling, mineralization and modelled EM anomalies, intercepts are estimated at 100% of true thickness.
	Type: FR = Fresh Rock. * Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel.

Drill hole DDH2405T002 intersected 11.5m (at 14.3% Cu, 3.3g/t Au) of massive/semi-massive/breccia copper sulphide mineralization, at the T5 target. The copper mineralization presents as being within a hydrothermal system that overprints local felsic meta-intrusive rocks (meta-tonalite). The main mineral assemblage associated with this hydrothermal zone is represented by calcium-amphibole, biotite-phlogopite, apatite and silica. The sulphide paragenesis is that chalcopyrite is much more abundant than pyrrhotite, forming massive and semi-massive zones associated with brecciation within the hydrothermal zone.

Mineralization appears consistent with typical Carajás IOCG-style mineralization (also supported by preliminary chemistry from handheld XRF spectrometer). Numerous IOCG deposits are well documented in the Carajás and several operating IOCG copper-gold mines exist. The world-class Salobo Cu/Au mine (Vale S.A.) is the most prolific.

The absence of magnetite alteration (which is commonplace in Carajás IOCG deposits) is not unique, with several other Carajás deposits similarly lacking magnetite. This results in the low magnetic response as reflected in the detailed magnetic survey. Historical soil geochemistry covers the T5 target with lines spaced at 200 metres, however, with an east-west orientation, lines are parallel to the modelled BHEM plates. Despite this, there is weak Cu in soil anomalism in the vicinity of the BHEM plates (peak high 416ppm Cu) close to the eastern end of the BHEM model.

DDH2405T004 has also been completed (assays pending), while DDH2405T003 is in progress.

Figure 3: Off-conductors at T5 generated from drill hole DDH2305T001. Drill holes 002 and 004 intersected conductor; 003 is in progress. (CNW Group/Bravo Mining Corp.)

Figure 4 shows core from the next drill hole (DDH2405T004) at anomaly T5, completed 50m to the east of DDH2405T002. Like DDH2405T002, this core also contains 9m of massive/semi-massive/breccia IOCG-style copper sulphide mineralization (assays pending). This finding supports the IOCG-style mineralization intersected in DDH2405T002 to the west and appears to confirm the continuity of the sulphide mineralization. The mineralization intersected at T5 remains open along strike and up and down dip from the intercepts reported herein.

Figure 4: DDH2405T004 – Massive/Semi-massive/ breccia sulphide Cu mineralization at T5 target (154.0 – 161.4m shown). (CNW Group/Bravo Mining Corp.)

T6 Target

Figure 5 shows the intersected mineralization responsible for the T6 conductor, consisting of 6m of massive/semi-massive/breccia sulphides, predominantly pyrrhotite, which generates a strong EM response. The first hole (DDH2306T001 Figure 6) was angled at an azimuth of 330° to target the interpreted HeliTEM conductor but failed to intersect it. Subsequently, BHEM identified the location of an off-hole conductor, and follow-up drilling (DDH2406T002, Figure 6) at a new azimuth of 000° intersected this conductor. At this early stage, mineralization appears to be more likely of a magmatic style, with low potassium, chlorine, and calcium, against an ultramafic (dunite) footwall. Assays are pending, and follow-up drilling is planned.

Figure 5: DDH2406T002 Massive/Semi-massive/ breccia sulphide mineralization at T6 target (57.0 – 60.7m shown). (CNW Group/Bravo Mining Corp.)

Drill Results Status Update

A total of 293 drill holes have been completed by Bravo to date, for 62,811 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 247 Bravo drill holes to date. Assay results for 38 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes).

Bravo has initially budgeted a 3,000m of drilling to follow up the identified EM anomalies and will continue to systematically evaluate the T5 and T6 targets, as well as the other nine high priority conductors defined by HeliTEM and subsequent BHEM.

Complete Table of Recent Intercepts.

HOLE-ID	Target	From (m)	To (m)	Thickness (m)	Cu (%) Sulphide	Ni* (%) Sulphide	Au (g/t)	TYPE
DDH2405T001	T5	212.30	213.00	0.70	1.98	0.07	0.04	FR
DDH2405T002	T5	165.62	177.10	11.48	14.27	0.11	3.33	FR
Including		167.50	170.36	2.86	22.91	0.07	3.62	FR
DDH2405T004	T5	Pending
DDH2406T001	T6	50.00	56.00	6.00	0.11	0.02	0.01	FR
DDH2406T001	T6	120.65	135.14	14.49	–	0.12	–	FR
DDH2406T002	T6	Pending

Notes: All 'From', 'To' depths, and 'Thicknesses' are downhole.

Given orientation of drilling, mineralization, and modelled EM anomalies, intercepts are estimated at ~100% of true thickness.

Type: FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.

* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel.

Figure 6: Location of Bravo Drilling at the T5 and T6 targets, reported in this News Release (CNW Group/Bravo Mining Corp.)

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga Project in the world-class Carajás Mineral Province of Brazil

Bravo is the most active explorer in Carajás and is led by a team of local and international geologists who have a proven track record of PGM, nickel and copper discoveries.

The Luanga Project is situated on mature freehold farming land and benefits from being in a location close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and clean renewable hydro grid power. A fully funded 63,000m infill, step out and exploration drilling and trenching program is well advanced for 2024. Bravo's current Environmental, Social and Governance activities includes planting more than 18,000 high-value trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Technical Disclosure

Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "high-grade", "significant", "discovery", "priority", "exciting copper potential", "strong EM response", variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing drill program and the results thereof; the potential for new and/or different styles of mineralisation in some areas, such as IOCG-style, the presence of which is publicly well documented in the Carajás mineral province; whether or not the mineralization interested at T5 is in fact IOCG-style, some variant of such or another style of mineralization; the potential continuity of mineralization between holes; the grades and implications of unassayed holes; the visual and XRF identification of minerals in the core; the potential implications of magmatic massive sulphide mineralization at T6; whether the other anomalies are related to mineralization; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted along strike and up and down dip; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Drill Hole Collar Details

HOLE-ID	Company	East (m)	North (m)	RL (m)	Datum	Depth (m)	Azimuth	Dip	Area
DDH2305T001	Bravo	660890.155	9343249.612	185.549	SIRGAS2000_UTM_22S	250.05	150.00	-60.00	T5 EM Target
DDH2405T002	Bravo	660850.040	9343224.790	191.610	SIRGAS2000_UTM_22S	201.35	180.00	-60.00	T5 EM Target
DDH2405T004	Bravo	660899.990	9343224.690	185.840	SIRGAS2000_UTM_22S	200.35	180.00	-60.00	T5 EM Target
DDH2306T001	Bravo	663569.793	9343420.426	200.549	SIRGAS2000_UTM_22S	150.40	330.00	-60.00	T6 EM Target
DDH2406T002	Bravo	663569.790	9343420.430	200.550	SIRGAS2000_UTM_22S	90.75	000.00	-60.00	T6 EM Target

Schedule 2: Assay Methodologies and QAQC

Samples follow a chain of custody between collection, processing, and delivery to the SGS Geosol laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS Geosol laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.

Quality Assurance and Quality Control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.

Bravo SGS Geosol
Preparation	Method	Method	Method	Method
For All Elements	Pt, Pd, Au	Rh	Sulphide Ni, Cu	Trace Elements
PRPCLI (85% at 200#)	FAI515, FAI34V	FAI30V	AA04B	ICP40B

Bravo Mining Corp. Logo (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/28/c0291.html

VANCOUVER, BC, May 14, 2024 /CNW/ – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements for the three months ended March 31, 2024 and the corresponding management's discussion and analysis ("MD&A"). Below is a summary of the Company's financial results for the first quarter of 2024 ("Q1 2024") in comparison to the restated period in 2023 ("Restated Q1 2023") (all amounts in USD unless specified):

Revenue for Q1 2024 decreased to $15.7 million (Restated Q1 2023 – $18.0 million), representing a $2.3 million or -12.9% decrease.
Mine operating income increased by $1.8 million (or 49.5%) to $5.3 million in Q1 2024 (Restated Q1 2023 – $3.5 million) while gross margin increased from 19.6% in Restated Q1 2023 to 33.7% in Q1 2024.
Operating loss was $0.03 million in Q1 2024 compared to an operating income of $1.8 million in Restated Q1 2023.
Net loss attributable to equity shareholders was $0.9 million ($0.00 loss per share) in Q1 2024 versus net loss attributable to equity shareholders of $0.4 million ($0.00 loss per share) in Restated Q1 2023. The decrease in Q1 2024 net income was largely attributable to the increase in overall operating costs associated with the soft restart of the Zandfontein underground operations located at the Crocodile River Mine ("CRM") in South Africa and foreign exchange losses incurred in the period due to the strengthening of the U.S. dollar.
The Company had a working capital deficit (current assets less current liabilities) of $16.7 million as at March 31, 2024 (December 31, 2023 – working capital deficit of $15.5 million) and short-term cash resources of $20.7 million (consisting of cash, cash equivalents and short-term investments) (December 31, 2023 – $21.3 million)

Wanjin Yang, Chief Executive Officer and President of Eastplats commented, "We are encouraged by the first quarter results despite the challenging PGM market price environment. Our focus is on chrome recoveries from the remaining tailings resource as we approach the end of the retreatment project. We expect to start earning chrome and PGM revenue from the Zandfontein underground section at the CRM in June as we ramp up run-of-mine tonnages."

Prior Period Error – Restatement of Comparatives

Certain 2023 comparative numbers in the condensed interim consolidated financial statements and corresponding MD&A have been restated to correct an error in the condensed interim consolidated financial statements for the three months ended March 31, 2023, that was identified subsequent to the period-end and is discussed below.

As discussed in the previous news release of May 3, 2024, in connection with the preparation of the Company's consolidated financial statements for the year ended December 31, 2023, an error was identified in the recognition of revenue related to a chrome concentrate sales transaction in fourth quarter of 2022 which impacted the Company's previously filed audited consolidated financial statements for the year ended December 31, 2022 and its unaudited condensed interim consolidated financial statements for the three months ended March 31, 2023. Chrome concentrate revenue is recognized when control is transferred to the buyer and payment is considered probable. A sales transaction that was included in deferred revenue at the end of 2022 and recognized as revenue in the first quarter of 2023 should have been recognized in fourth quarter of 2022 based on the fact that the Company had met all of its required performance obligations at the time, as supported by the underlying contract and bill of lading. Previously reported revenue for the first quarter of 2023 was overstated by $4.0 million, with associated errors in production costs, accumulated other comprehensive loss and deficit.

The following table presents the effects of the restatement on the individual line items within the Company's unaudited Condensed Interim Consolidated Statement of Income (Loss), Condensed Interim Statement of Comprehensive Income (Loss) and Condensed Interim Statement of Financial Position, expressed in thousands of U.S. dollars, except for per share amounts. The corrected prior period error had no impact on cash flows.

	Three months ended March 31, 2023
	As previouslyreported	Adjustment	As restated
	$	$	$
Revenue	22,058	(4,021)	18,037
Production costs	(15,360)	2,324	(13,036)
Mine operating income (loss)	5,233	(1,697)	3,536
Operating income (loss)	3,497	(1,697)	1,800
Net income (loss) for the period	1,343	(1,697)	(354)
Net income (loss) attributable to equityshareholders of the Company	1,344	(1,697)	(353)
Earnings (loss) per share, basic and diluted	0.01	(0.01)	0.00
Comprehensive income (loss) for the period	(2,267)	(1,766)	(4,033)

	As at March 31, 2023
	As previouslyreported	Adjustment	As restated
	$	$	$
Accumulated other comprehensive loss	(321,406)	(13)	(321,419)
Deficit	(850,900)	13	(850,887)

The Company's audited consolidated financial statements for the year ended December 31, 2023 reflected these changes. The unaudited interim consolidated financial statements and related financial information for the affected period contained in the Company's unaudited interim filings prior to May 13, 2024 should no longer be relied upon.

The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited.

The Company has filed the following documents, under the Company's profile on SEDAR+ at www.sedarplus.ca:

Condensed interim consolidated financial statements for the three months ended March 31, 2024; and
Management's discussion and analysis for the three months ended March 31, 2024.

The condensed interim consolidated financial statements for the three months ended March 31, 2024 are available for download at https://www.eastplats.com/investors/quarterly-reports/F2024/ and are also available on the JSE's website at:

https://senspdf.jse.co.za/documents/2024/JSE/ISSE/EPS/Q124.pdf.

Operations

The Company derived revenue from the processing of PGM and chrome concentrates during Q1 2024 and Q1 2023. Eastplats' majority of revenue (approximately 93% for Q1 2024) is from chrome concentrate sales to third parties.

Summary of chrome production for the three months ended March 31, 2024 and 2023:

	Q1 2024	Q1 2023
Total Tailings Feed (Tons)	385,299	631,954
Average grade Cr concentrate	38.57 %	38.65 %
Tons of Cr concentrate	79,882	147,090

Summary of PGM production for the three months ended March 31, 2024 and 2023:

	Q1 2024	Q1 2023
Tons of PGMconcentrate	945	1,156
PGM ouncesproduced (6E)*	1,475	2,134

*PGM 6E ounces are estimates until final exchanges and umpire results have been concluded, which can take up to three months.

About Eastern Platinum Limited

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will," "plan," "intends," "may," "could," "expects," "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedarplus.ca.

In particular, this press release contains, without limitation, forward-looking statements pertaining to: expected earnings from chrome and PGM revenue from the Zandfontein underground section at the CRM in June 2024 and ramping-up the Zandfontein underground operations. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedarplus.ca. The forward-looking statements in this news release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/14/c1587.html

VANCOUVER, BC, May 9, 2024 /CNW/ – Eastern Platinum Limited (TSX: ELR) (JSE: EPS)("Eastplats" or the "Company") is pleased to report that the temporary management cease trade order announced on April 4, 2024, has been revoked by the British Columbia Securities Commission and is no longer in effect. As reported on May 3, 2024, Eastplats has completed and filed all late filings.

The Company has adopted polices and procedures to ensure timely filing in the future.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements in this press release include that proper procedures and processes are in place to avoid future filing delays. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the expectations and intentions expressed in such forward-looking statements. These factors include, but are not limited to, regulatory requirements, third-party assessments, and proper implementation of policies and procedures. All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/09/c7006.html

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

Given this risk, we thought we'd take a look at whether SRG Mining (CVE:SRG) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). Let's start with an examination of the business' cash, relative to its cash burn.

Check out our latest analysis for SRG Mining

How Long Is SRG Mining's Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2023, SRG Mining had cash of CA$8.9m and no debt. Looking at the last year, the company burnt through CA$4.8m. That means it had a cash runway of around 22 months as of December 2023. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. The image below shows how its cash balance has been changing over the last few years.

debt-equity-history-analysisHow Is SRG Mining's Cash Burn Changing Over Time?

SRG Mining didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. As it happens, the company's cash burn reduced by 5.0% over the last year, which suggests that management are maintaining a fairly steady rate of business development, albeit with a slight decrease in spending. SRG Mining makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Easily Can SRG Mining Raise Cash?

While SRG Mining is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of CA$55m, SRG Mining's CA$4.8m in cash burn equates to about 8.7% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

So, Should We Worry About SRG Mining's Cash Burn?

The good news is that in our view SRG Mining's cash burn situation gives shareholders real reason for optimism. One the one hand we have its solid cash runway, while on the other it can also boast very strong cash burn relative to its market cap. Based on the factors mentioned in this article, we think its cash burn situation warrants some attention from shareholders, but we don't think they should be worried. On another note, we conducted an in-depth investigation of the company, and identified 3 warning signs for SRG Mining (1 is concerning!) that you should be aware of before investing here.

Of course SRG Mining may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

Highlights include 59.9m at 4.80g/t PGM+Au including 42.9m at 5.50g/t PGM+Au, 0.21% Ni, and 140.7m at 1.25g/t PGM+Au and 45.7m at 1.71g/t PGM+Au, 0.22% Ni

VANCOUVER, BC, May 6, 2024 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") has received assay results from nine diamond drill holes ("DDH"), four from the North Sector and five from the Central Sector at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project ("Luanga" or "Luanga PGM+Au+Ni Project"), located in the Carajás Mineral Province, state of Pará, Brazil.

"Drilling results at Luanga continue to demonstrate upside, notably with DDH24LU240 returning the highest grade/thickness to date. Additionally, DDH24LU038 stands out as the thickest mineralized drill intersection, extending over 140m from surface," said Luis Azevedo, Chairman and CEO. "Drilling continues to show increasing nickel sulphide grades at depth in the Central Sector, while the North Sector shows widening of multiple zones of mineralization, which has the potential to significantly improve ratios of near surface mineralized to unmineralized material. These positive factors strengthen confidence for on-going drilling."

Highlights Include:

Drilling in the North Sector continues to show improvements in both mineralized grade and thickness compared to previously reported drilling in this sector. Grades in and around the transitional weathering zone are higher, influenced by supergene enrichment, as shown on Section 1:
- 59.9m at 4.80g/t PGM+Au, including 42.9m at 5.50g/t PGM+Au, 0.21% Ni
- 140.7m at 1.25g/t PGM+Au
Mineralization intersected on all three drill sections are at shallow depths (<150m), which augurs well for the future. Furthermore, the substantial volumes of mineralization, indicated by these wide intersections near surface, could support lower strip ratios in these areas.
Mineralization remains open at depth, while evidence of increasing PGM and nickel grades at depth remains a common theme in the Central Sector.

HOLE-ID	From	To	Thickness(m)	Pd	Pt	Rh	Au	PGM + Au	Ni* (%) Sulphide	TYPE
HOLE-ID	(m)	(m)	Thickness(m)	(g/t)	(g/t)	(g/t)	(g/t)	(g/t)	Ni* (%) Sulphide	TYPE
DDH24LU236	25.30	28.30	3.00	2.16	5.53	1.15	0.07	8.91	NA	LS
And	178.25	187.25	9.00	1.11	0.93	0.22	0.02	2.28	0.02	FR
DDH24LU237	79.70	104.90	25.20	1.52	0.65	0.08	0.05	2.29	0.24	FR
DDH24LU238	5.00	145.70	140.70	0.57	0.66	0.01	0.01	1.25	NA	Ox/FR
DDH24LU240	0.00	59.85	59.85	3.02	1.46	0.26	0.06	4.80	NA	Ox/FR
Including	0.00	17.00	17.00	1.98	0.85	0.16	0.04	3.04	NA	Ox
Also Including	17.00	59.85	42.85	3.43	1.71	0.30	0.06	5.50	0.21	FR
And	64.85	84.85	20.00	0.88	0.85	0.15	0.01	1.89	0.01	FR
DDH24LU241	75.80	86.80	11.00	1.93	0.65	0.10	0.07	2.76	0.32	FR
DDH24LU244	34.56	80.30	45.74	1.14	0.43	0.08	0.06	1.71	0.22	FR

Notes:	All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.
	Given orientation of drilling and mineralization, intercepts are estimated at 110% to 120% of true thickness in the Central Sector and 125% to 140% of true thickness in the North Sector.
	Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization.
	* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays

Luanga Drilling Update

Results from nine diamond drill holes have been received from the North and Central Sectors. All the drill holes herein reported are angled holes (-60 degrees), towards a 090° azimuth in the North and 330° azimuth in the Central Sector. Together, this set of drill holes comprise a total of 1,581 metres of diamond drilling.

Section 1 (Figure 1) in the North Sector shows a new infill drill section with DDH24LU238 being the deepest drill hole on the section, exhibiting an exceptionally wide (140m) mineralized intersection. Nearer to surface, this wide zone of mineralization is replicated by two zones of mineralization in DDH24LU240, totalling ~80m of mineralization with the remainder daylighting above surface. The grades in DDH24LU240 are significantly higher, mostly due to the influence of high-grade supergene enrichment in and around the transitional zone above the base of oxidation. There are a further two zones of mineralization stratigraphically below, and all three zones are almost entirely within 150m of the surface, which augurs well for potential future MRE updates at these shallow depths.

Figure 1: North Sector (Section 1 on Figure 4). High-grade and wide PGM+Au mineralization close to surface. (CNW Group/Bravo Mining Corp.)

Section 2 (Figure 2) in the North Sector shows evidence of increasing thickness (~50m) and increased presence of nickel sulphides (0.23% Ni) at depth in DDH24LU241, with mineralization still open at depth. Section 2 is also an infill section and, again, all the mineralization intersected is within <150m below surface. Coupled with the high volume of mineralization near or at surface, both Section 1 (above) and Section 2 (below) demonstrate the potential for improving strip ratios (mineralized to unmineralized material) in these areas, which bodes well for the future.

Figure 2: Central Sector (Section 2 on Figure 4). Wide zones of mineralization with improving nickel sulphides at depth in fresh rock. (CNW Group/Bravo Mining Corp.)

Section 3 (Figure 3) in the Central Sector also shows evidence of increasing grade in both PGM and nickel sulphide mineralization and remains open at depth. The grade of PGM and nickel mineralization intersected in DDH24LU230 (35.2m at 1.59g/t PGM+Au, 0.14% Ni) improves significantly at depth in DDH24LU237 (25.2m at 2.29g/t PGM+Au, 0.24% Ni), while all mineralization on the section is again less than 150m below surface and remains open at depth.

Figure 3: Central Sector (Section 3 on Figure 4). Improving grades in PGM and nickel sulphide mineralization at depth in fresh rock. (CNW Group/Bravo Mining Corp.)

Drill Results Status Update

A total of 285 drill holes have been completed by Bravo to date, for 61,190 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 244 Bravo drill holes to date. Assay results for 33 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes).

Complete Table of Recent Intercepts.

HOLE-ID	From	To	Thickness (m)	Pd	Pt	Rh	Au	PGM + Au	Ni* (%) Sulphide	TYPE
HOLE-ID	(m)	(m)	Thickness (m)	(g/t)	(g/t)	(g/t)	(g/t)	(g/t)	Ni* (%) Sulphide	TYPE
DDH24LU236	25.30	28.30	3.00	2.16	5.53	1.15	0.07	8.91	NA	LS
And	178.25	187.25	9.00	1.11	0.93	0.22	0.02	2.28	0.02	FR
DDH24LU237	62.07	67.10	5.03	0.20	0.08	0.15	0.07	0.49	0.13	FR
And	79.70	104.90	25.20	1.52	0.65	0.08	0.05	2.29	0.24	FR
DDH24LU238	5.00	145.70	140.70	0.57	0.66	0.01	0.01	1.25	NA	Ox/FR
And	160.70	169.60	8.90	0.53	0.61	0.01	0.01	1.16	0.01	FR
DDH24LU239	0.00	18.90	18.90	0.37	0.15	0.01	0.04	0.58	NA	Ox
And	27.90	39.59	11.69	1.10	0.41	0.06	0.01	1.58	0.10	FR
And	58.60	97.60	39.00	0.28	0.27	<0.01	0.03	0.58	0.01	FR
DDH24LU240	0.00	59.85	59.85	3.02	1.46	0.26	0.06	4.80	NA	Ox/FR
Including	0.00	17.00	17.00	1.98	0.85	0.16	0.04	3.04	NA	Ox
Also Including	17.00	59.85	42.85	3.43	1.71	0.30	0.06	5.50	0.21	FR
And	64.85	84.85	20.00	0.88	0.85	0.15	0.01	1.89	0.01	FR
And	124.85	152.00	27.15	0.48	0.58	0.01	0.01	1.08	0.01	FR
DDH24LU241	0.00	7.25	7.25	0.33	0.14	0.04	0.08	0.59	NA	Ox
And	39.60	89.80	50.20	0.86	0.30	0.05	0.07	1.28	0.23	FR
Including	75.80	86.80	11.00	1.93	0.65	0.10	0.07	2.76	0.32	FR
And	104.45	129.20	24.75	0.29	0.19	<0.01	<0.01	0.49	0.01	FR
DDH24LU242	0.00	29.70	29.70	0.30	0.35	0.01	0.01	0.67	NA	FR
DDH24LU244	34.56	80.30	45.74	1.14	0.43	0.08	0.06	1.71	0.22	FR
DDH24LU246	39.00	65.10	26.10	0.43	0.33	<0.01	0.01	0.77	0.02	FR
And	83.10	86.10	3.00	0.43	1.52	0.59	0.01	2.55	0.03	LS

Notes:	All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.
	Given orientation of drilling and mineralization, intercepts are estimated at 110% to 120% of true thickness in the Central Sector and 125% to 140% of true thickness in the North Sector.
	Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization.
	* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays

Figure 4: Location of Bravo Drilling and Sections Reported in this News Release (CNW Group/Bravo Mining Corp.)

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.

Technical Disclosure

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "wider", "Increasingly", "upside", "notably", "highest", "thickest", "potential", "improve", "confidence", "augurs well", "substantial", "exceptionally", "significantly", " variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing drill program and the results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth; the potential for greater thicknesses and/or higher grades at depth and the implications of copper in some areas; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted mineralization contains significant values of nickel, PGMs and Au; that the mineralization remains open to depth, that PGM and/or Ni grades and mineralized thicknesses are improving to depth; that final drill and assay results will be in line with management's expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Drill Hole Collar Details

HOLE-ID	Company	East (m)	North (m)	RL (m)	Datum	Depth (m)	Azimuth	Dip	Sector
DDH24LU236	Bravo	659346.947	9343322.999	245.843	SIRGAS2000_UTM_22S	230.60	90.00	-60.00	North
DDH24LU237	Bravo	658354.030	9340579.220	271.150	SIRGAS2000_UTM_22S	225.45	330.00	-60.00	North
DDH24LU238	Bravo	659366.799	9343423.024	242.042	SIRGAS2000_UTM_22S	180.55	90.00	-60.00	North
DDH24LU239	Bravo	658377.573	9340736.808	262.460	SIRGAS2000_UTM_22S	135.80	330.00	-60.00	Central
DDH24LU240	Bravo	659413.665	9343423.070	245.487	SIRGAS2000_UTM_22S	180.35	90.00	-60.00	North
DDH24LU241	Bravo	658398.402	9340700.667	264.551	SIRGAS2000_UTM_22S	190.70	330.00	-60.00	Central
DDH24LU242	Bravo	658353.424	9340778.597	265.336	SIRGAS2000_UTM_22S	90.75	330.00	-60.00	Central
DDH24LU244	Bravo	658561.196	9340813.883	246.697	SIRGAS2000_UTM_22S	195.70	330.00	-60.00	Central
DDH24LU246	Bravo	658653.731	9340856.241	248.457	SIRGAS2000_UTM_22S	150.65	330.00	-60.00	Central

Schedule 2: Assay Methodologies and QAQC

Bravo SGS Geosol
Preparation	Method	Method	Method	Method
For All Elements	Pt, Pd, Au	Rh	Sulphide Ni, Cu	Trace Elements
PRPCLI (85% at 200#)	FAI515	FAI30V	AA04B	ICP40B

Bravo Mining Corp. Logo (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

Cision

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Eastern Platinum (TSE:ELR) Full Year 2023 ResultsKey Financial Results

Revenue: US$106.9m (up 115% from FY 2022).
Net income: US$13.8m (up from US$2.65m loss in FY 2022).
Profit margin: 13% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: US$0.077 (up from US$0.019 loss in FY 2022).

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Eastern Platinum's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example – Eastern Platinum has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

VANCOUVER, BC, May 3, 2024 /CNW/ – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its Audited Consolidated Financial Statements for the fiscal year ended December 31, 2023 and the corresponding Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results for the fourth quarter of 2023 ("Q4 2023") and for the fiscal year ended December 31, 2023 ("FY2023") (all amounts in USD unless specified) in comparison to the restated periods in 2022 ("Restated Q4 2022" and "Restated FY2022", respectively):

Revenue for Q4 2023 increased to $30.5 million (Restated Q4 2022 – $12.4 million), representing a 146.0% increase. Revenue for FY2023 increased to $106.9 million, a record full year high (Restated FY2022 – $53.9 million), representing a 98.3% increase.
Mine operating income increased by $9.6 million to $7.8 million in Q4 2023 (Restated Q4 2022 mine operating loss – –$1.8 million), resulting in a gross margin of 25.5% in Q4 2023 as compared to -14.5% in Restated Q4 2022. Mine operating income in FY2023 increased by $24.0 million to $31.6 million (Restated FY2022 – $7.6 million), resulting in a gross margin of 29.5% in FY2023 as compared to 14.2% in Restated FY2022.
Operating income was $2.8 million in Q4 2023 compared to an operating loss of –$4.8 million in Restated Q4 2022. Operating income increased by $23.2 million to $18.5 million in FY2023 from an operating loss of –$4.7 million in Restated FY2022, a 493.6% increase in operating income.
Net income attributable to shareholders was $3.3 million ($0.02 earnings per share) in Q4 2023 versus $1.4 million ($0.01 earnings per share) in Restated Q4 2022. The increase in net income was largely attributable to the significant increase in third-party chrome concentrate sales in the period offset by pre-production costs of $2.1 million as the Company initiated the restart of the Zandfontein underground section at the Crocodile River Mine ("CRM"). The Restated Q4 2022 net income was attributable to a restated operating loss offset by other income of $6.6 million, which was mainly related to the change in value of the Company's loans payable.
Net income attributable to shareholders increased to $13.8 million ($0.08 earnings per share) in FY2023 compared to a net loss attributable to shareholders of –$0.9 million ($0.01 loss per share) in Restated FY2022. The increase in income during FY2023 is mainly attributable to the increased revenue and gross margins generated by remining and processing the Company's tailings resources at the CRM to produce chrome concentrate and platinum group metals ("PGM") concentrate, respectively, offset by pre-production costs incurred in Q4 2023 as described in the previous point. The Restated FY2022 net loss was attributable to an operating loss offset by other income of $7.9 million, which mainly related to the change in value of the Company's loans payable.
The Company had a working capital deficit (current assets less current liabilities) of $15.5 million as at December 31, 2023 (Restated December 31, 2022 – working capital deficit of $37.8 million) and short-term cash resources of $21.3 million (consisting of cash, cash equivalents, and short-term investments)(Restated December 31, 2022 – $2.4 million).

Wanjin Yang, Chief Executive Officer and President of Eastplats commented, "We are proud of the results that our chrome and PGM businesses have achieved. The team continues to work hard as the Retreatment Project comes to an end, turning its focus to ramping up underground tonnages in the Zandfontein underground section at the Crocodile River Mine. Eastplats remains committed to continuing its operational and cost efficiency initiatives while being mindful of PGM market price movements."

Prior Year Error – Restatement of Comparatives

Certain 2022 comparative numbers in the FY2023 Audited Consolidated Financial Statements and corresponding Management's Discussion and Analysis have been restated to correct an error in the Fiscal 2022 consolidated financial statements that was identified subsequent to the 2022 year-end and is discussed below.

In connection with the preparation of the Company's consolidated financial statements for the year ended December 31, 2023, an error was identified in the recognition of revenue related to a chrome concentrate sales transaction in the fourth quarter of 2022, which impacts the Company's previously filed audited consolidated financial statements for the year ended December 31, 2022 and its unaudited interim consolidated financial statements for the three months ended March 31, 2023 ("Restated Q1 2023"). Chrome concentrate revenue is recognized when control is transferred to the buyer and payment is considered probable. A sales transaction that was included in deferred revenue at the end of 2022 and recognized as revenue in the first quarter of 2023 should have been recognized in the fourth quarter of 2022 based on the fact that the Company had met all of its required performance obligations at the time, as supported by the underlying contract and bill of lading. Previously reported revenue from 2022 was thus understated by $4.0 million, with associated errors in production costs, inventories and deferred revenue.

The following table presents the effects of the restatement on the individual line items within the Company's Consolidated Statement of Income (Loss), Statement of Comprehensive Income (Loss) and Statement of Financial Position, expressed in thousands of U.S. dollars, except for per share amounts. The corrected prior period error had no impact on cash flows.

	Year Ended December 31, 2022
	As previously reported	Adjustment	As restated
	$	$	$
Revenue	49,834	4,049	53,883
Production costs	(39,739)	(2,339)	(42,078)
Mine operating income	5,930	1,710	7,640
Operating income (loss)	(6,453)	1,710	(4,743)
Net income (loss) for the year	(2,504)	1,710	(794)
Net (loss) attributable to equity shareholders of the Company	(2,648)	1,710	(938)
Earnings (loss) per share, basic and diluted	(0.02)	0.01	(0.01)
Comprehensive income (loss) forthe year	(8,947)	1,766	(7,181)

	As at December 31, 2022
	As previously reported	Adjustment	As restated
	$	$	$
Inventories (current)	11,320	(2,418)	8,902
Deferred revenue (current)	17,300	(4,184)	13,116

The Restated Q1 2023 comparatives will be presented in the interim consolidated financial statements for the three months ended March 31, 2024, which are due to be filed by May 15, 2024.

The consolidated financial statements and related financial information for the affected period contained in the Company's filings filed prior to May 3, 2024 should no longer be relied upon.

Operations

The Company generated revenue from processing PGM and chrome concentrates during Q4 2023 and FY2023. Eastplats' majority of revenue (approximately 96% and 95% for Q4 2023 and FY2023, respectively) is from chrome concentrate sales. Until July of 2022, this revenue was based on the Union Goal offtake agreement (the "Union Goal Offtake Agreement") entered into between the Company's subsidiary Barplats Mines (Pty) Limited ("Barplats") and Union Goal Offshore Solution Limited ("Union Goal") in relation to chrome concentrate production from the Retreatment Project. Previously, and until the end of the second quarter of 2022, the Retreatment Project produced revenue based on tons of material made available for processing by remining and processing the tailings, recovery of certain operational costs and allocation of the upfront cash payment for the offtake of chrome concentrate to Union Goal.

Additional non-cash deferred revenue was recognized based on tons made available for processing from the discounting of the chrome equipment debt and the construction loan based on an effective discount rate. Although the Union Goal Offtake Agreement remains in place, Union Goal stopped taking shipments of chrome concentrate in June 2022. Since July 1, 2022, chrome revenue has been recognized only through third-party sales of chrome concentrate. The Company also derives PGM revenue under a PGM offtake agreement with Impala Platinum Limited ("Impala") from further processing of tailings materials following the production of chrome concentrates. The Retreatment Project is expected to continue operating into late 2024 when the original CRM tailings from the tailings storage facility ("TSF") are expected to be fully processed. The Company has initiated the restart of the Zandfontein underground section and is expected to process underground Run-of-Mine ("ROM") ore in May or June of 2024.

Summary of chrome production for the three months and year ended December 31, 2023 and 2022:

	Q4 2023	Q4 2022	FY2023	FY2022
Total Tailings Feed (Tons)	480,777	655,011	2,247,705	2,548,785
Average grade Cr concentrate	38.7 %	38.6 %	38.7 %	38.7 %
Tons of Cr concentrate	109,056	156,738	486,166	602,111

Summary of PGM production for the three months and year ended December 31, 2023 and 2022:

	Q4 2023	Q4 2022	FY2023	FY2022
Tons of PGM concentrate(dry)	900	1,337	3,869	5,616
PGM ounces produced (6E)*	1,366	2,232	6,660	8,742

*PGM 6E ounces are estimates until final exchanges and umpire results have been concluded, which can take up to three months.

Outlook

The Company's targets for 2024 are as follows:

Resolve the outstanding receivables and related matters with Union Goal (ongoing);
Ramp-up the Zandfontein underground operations (ongoing);
Confirm capital plans to support the full re-opening of Zandfontein underground operations at the CRM from external or internal sources (ongoing);
Complete the second phase of the TSF capital works program and confirm the TSF dam space for new ROM tailings (ongoing);
Optimize Main Plant Circuit B for underground operations (initiated);
Renovate Circuit D to high energy flotation cells for better ROM processing recovery rate to 82% or higher (initiated);
Advance the Mareesburg and Spitzkop project environmental work to complete the Environmental Impact Assessment ("EIA") and other environmental studies and amendments (ongoing); and
Continue prospecting and assessment work in relation to Zandfontein, Crocette and Kareespruit sections of the CRM and Kennedy's Vale and Spitzkop mines at the eastern limb of the Bushveld Complex (ongoing).

Eastplats completed a life-of-mine study and underground mine design for Zandfontein in 2022 and the Board of Directors supported carrying out the Zandfontein underground restart business plan, subject to final evaluation and funding arrangements. During 2024, the Company is focusing on ramping up operations at the Zandfontein underground, subject to capital availability and profitability of its chrome operations. If successful, PGM production is expected to increase in 2024. There are no other expected changes to the business in 2024.

Care and maintenance will continue for the Company's previously developed eastern limb projects for 2024. The Company is actively looking at opportunities for its other assets including continuing to explore options to utilize or monetize these assets.

The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited.

The Company has filed the following documents, under the Company's profile on SEDAR+ at www.sedarplus.ca:

Audited Consolidated Financial Statements for the fiscal year ended December 31, 2023;
Management's Discussion and Analysis for the fiscal year ended December 31, 2023; and
Annual Information Form at December 31, 2023.

The audited consolidated financial statements for the fiscal year ended December 31, 2023 is available for download at https://www.eastplats.com/investors/quarterly-reports/F2023/ and is also available on the JSE's website at:

https://senspdf.jse.co.za/documents/2023/JSE/ISSE/EPS/FY23.pdf.

About Eastern Platinum Limited

Cautionary Statement Regarding Forward-Looking Information

In particular, this press release contains, without limitation, forward-looking statements pertaining to: the length of operations of the Retreatment Project into late 2024; processing of the CRM tailings from the TSF; timing for the processing of underground ROM in may or June 2024; the Company's targets for 2024 including resolving the outstanding receivables and related matters with Union Goal; ramping-up the Zandfontein underground operations; confirming capital plans to support the full re-opening of Zandfontein underground operations at the CRM; completing the second phase of the TSF capital works program and confirming the TSF dam space for new ROM tailings; optimizing Main Plant Circuit B for underground operations; renovating Circuit D to high energy flotation cells for better ROM processing recovery rate to 82% or higher; advancing the Mareesburg project environmental work to complete the EIA and other environmental studies and amendments; continuing prospecting and assessment work in relation to Zandfontein, Crocette and Spitzkop ore bodies of the CRM and Kennedy's Vale and Spitzkop mines at the eastern limb of the Bushveld Complex; PGM production for 2024; care and maintenance will continue for the Company's eastern limb projects for 2024; and other potential changes during 2024. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedarplus.ca. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

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Trading Symbol: ELR (TSX); EPS (JSE)

VANCOUVER, BC, April 30, 2024 /CNW/ – Eastern Platinum Limited ("Eastplats" or the "Company") is providing this bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On April 4, 2024, the Company announced that it was unable to file its annual audited financial statements for the fiscal year ended December 31, 2023 and the related management's discussion and analysis and annual information form for the fiscal year ended December 31, 2023 (the "Required Filings") by the deadline of April 1, 2024.

Eastplats (CNW Group/Eastern Platinum Ltd.)

On April 3, 2024, the British Columbia Securities Commission, as principal regulator, granted a temporary management cease trade order (the "MCTO") to the Company. The Company intends to file the 2023 Required Filings as soon as practicable.

Pursuant to NP 12-203, the Company must file bi-weekly default status reports in the form of further news releases during the period of the MCTO. The Company reports that since its news release of April 17, 2024, there have been no changes regarding the information contained in that news release that would reasonably be expected to be material to an investor. The Company confirms there have been no failures by it in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203, and there has not been, nor is there anticipated to be, any specified default subsequent to the default announced in the Company's news release of April 4, 2024. Lastly, there is no material information concerning the affairs of the Company that has not been generally disclosed.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of platinum group metal ("PGM") and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.

Cautionary Statement Regarding Forward-Looking Information

In particular, this press release contains forward-looking statements pertaining to filing of the Required Filings and the timing thereof. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/30/c4612.html

VANCOUVER, BC / ACCESSWIRE / April 22, 2024 / Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to announce that, due to strong investor demand, the non-brokered private placement announced March 28, 2024, (the "Offering") has been increased to 27.5 million units for gross proceeds of $3.85 million from the previously announced 17,857,143 units for gross proceeds of $2.5 million.

All other terms of the Offering remain unchanged. Glencore Canada Corporation ("Glencore"), a wholly-owned subsidiary of Glencore plc, has agreed to purchase 15 million units of Stillwater pursuant to the Placement, for gross proceeds of $2.1 million.

The Offering is expected to close on or about April 26, 2024, and is subject to customary conditions, including acceptance by the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

The Company confirms that certain insiders of the Company will subscribe for units in the Offering. The issuances of units to insiders will be considered related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements in MI 61-101 in respect of any such insider participation, as neither the fair market value of the securities to be issued, nor the fair market value of the consideration for the securities to be issued, insofar as it involves such insiders, will exceed 25% of the Company's market capitalization as calculated in accordance with MI 61-101.This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Stillwater have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, positions Stillwater West with the largest nickel resource in an active US mining district as part of a compelling suite of nine minerals now listed as critical in the USA. To date, five Platreef-style nickel and copper sulphide deposits host a total of 1.6 billion pounds of nickel, copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold at Stillwater West, and all deposits remain open for expansion along trend and at depth. Results are pending from resource expansion drilling completed in the fall of 2023.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & DirectorEmail: info@criticalminerals.com Phone: (604) 357 4790Web: http://criticalminerals.com Toll Free: (888) 432 0075

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements" or "forward-looking information" in accordance with applicable securities laws. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, potential exploration results, the timing and success of exploration activities generally, and expectations regarding the completion of the Placement, are forward-looking statements that involve various risks and uncertainties. Although Stillwater 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 the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals or satisfaction of other conditions to closing of the Placement, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Stillwater and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.

SOURCE: Stillwater Critical Minerals

View the original press release on accesswire.com

Highlights include 115m at 1.71g/t PGM+Au and 158m at 1.27g/t PGM+Au, including 36m at 2.81g/t PGM+Au

VANCOUVER, BC, April 15, 2024 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") announced that it has received assay results from seven trenches in the Central Sector at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project ("Luanga" or "Luanga PGM+Au+Ni Project"), located in the Carajás Mineral Province, state of Pará, Brazil.

"Bravo's trenching program continues to return excellent results that are better than the average oxide grades reported in the existing Mineral Resource Estimate ("MRE"). In addition, the increased lateral extent of oxide PGM+Au mineralization at surface is likely to increase the oxide volume component of a future MRE update. The high-grade zones present within these broad intersections also continue to validate or improve the higher grades seen in the drilling below the trench lines, further supporting our interpretation of supergene enrichment," said Luis Azevedo, Chairman and CEO of Bravo. "Furthermore, it is encouraging to see trenching results from the Central Sector continuing to show the same broad lateral distribution that was consistently observed in the Northern Sector, which bodes well for future resource growth."

Highlights Include:

Results from the trenches reported are from the northern end of the Central Sector and continue to show broad distribution of oxide mineralization (158m wide in TRC23LU013 and 152m wide in TRC23LU015).
These results continue to demonstrate the much greater lateral extents of surface oxide mineralization in comparison to the narrower zones of primary (fresh rock) mineralization in drilling below the trenches.
Results confirm the presence of supergene enrichment in the saprolite zone (above the base of oxidation), encountering grades that are generally higher than MRE average grades for oxide mineralization.
Grades in trenches further corroborate or improve upon intersections encountered by drilling in the underlying fresh rock, while higher-grade zones within trenches, such as TRC23LU015 (17m at 2.30g/t PGM+Au) also validate or surpasses the high-grade intersections encountered by drilling.
Grades are consistently better than MRE average grades for the oxide zone which, in combination with the broader distribution, suggest potential for increased tonnes of oxide mineralization at higher grades in future mineral resource updates.
Trenching is planned to continue along the entire 8.1km strike length of the Luanga deposit, with work now progressing through the Central Sector, towards the Southern Sector.

TRENCH-ID	From (m)	To (m)	Width (m)	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	PGM + Au (g/t)	TYPE
TRC24LU009	143.70	218.15	74.45	0.66	0.42	0.07	0.04	1.20	Ox
TRC24LU010	173.18	245.78	72.60	0.73	0.53	0.09	0.04	1.39	Ox
TRC24LU011	190.60	206.60	16.00	0.32	1.46	0.16	0.01	1.95	Ox
TRC24LU012	47.60	162.57	114.97	0.89	0.64	0.12	0.06	1.71	Ox
TRC23LU013	25.80	183.90	158.10	0.71	0.43	0.08	0.04	1.27	Ox
Including	83.90	120.30	36.40	1.61	0.94	0.19	0.05	2.81	Ox
TRC23LU015	0.00	152.70	152.70	0.67	0.39	0.08	0.02	1.15	Ox
Including	0.00	17.30	17.30	1.27	0.86	0.15	0.03	2.30	Ox

Notes: All 'From', 'To' depths, and 'Thicknesses' are along the topographic surface. Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.

Luanga Trenching Program

Trenching across the strike of the outcrop/sub-crop aims to better interpret near surface mineralization and to reduce the distance/spacing between assay data points for later resource classification to the indicated category. The program continues to be highly successful.

Trenches TRC24LU009 to 012 and TRC23LU013 to 015 cover the northern end of the Central Sector (Figure 1). Trenching continues in the Central Sector, progressing towards the Southwest Sector. Figure 4 shows the location of trenches reported in this press release.

Figure 1: Trenching in the Central Sector. (CNW Group/Bravo Mining Corp.)

Trenching results continues to highlight significant expansion in the lateral extent of shallow oxide mineralization, which extends out across the topographic high that is a ridge and down its flanks, along the 8.1km strike length of the Luanga deposit. Results continue to confirm the presence of supergene enrichment in the saprolite zone (above the base of oxidation), encountering grades that are generally higher than MRE average grades for oxide mineralization. Grades are supported by shallow intersections in nearby drillholes, and as reported in previous trench results (see December 14th 2023, September 26th 2023 and May 08th, 2023).

Figure 2 (Section 1) demonstrates the extent of surface oxide mineralization, in comparison to the narrower zones of primary (fresh rock) mineralization in drilling below the trench. This "mushrooming" of oxide mineralization in the supergene zone demonstrates the potential for volumetric growth in future oxide mineral resources that were previously not possible to define by drilling alone.

Trenching to date continues to be successful, and is likely to enhance future MREs, all while being very cost effective. Trenching is planned to continue along the entire 8.1km strike length of the Luanga deposit, with work now progressing in the Central Sector

Figure 2: Central Sector (Section 1 on Figure 4) – Trenching showing supergene enrichment and lateral extents to surface mineralization. (CNW Group/Bravo Mining Corp.)

Figure 3 (Section 2) also shows a significant blanket of oxide mineralization at surface, in comparison to fresh rock mineralized widths in drilling below the trench. While the higher-grade zone within trench TRC23LU015 (17m at 2.30g/t PGM+Au) supports or improves on the highest-grade intersections encountered by drilling below.

The same sampling, assay laboratory procedures and QAQC protocols as applied to drill core sampling are applied to trench samples.

Luanga Drilling & Trenching Status

A total of 280 drill holes have been completed by Bravo to date, for 60,168.40 metres, including eight metallurgical holes (not subject to routine assaying). Results have been reported for 235 Bravo drill holes to date. Assay results for 37 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). A total of 26 trenches have been completed to date, with results for 22 trenches reported and results for four pending.

Figure 3: Central Sector (Section 2 on Figure 4) – Trenching showing supergene enrichment and lateral extents to surface mineralization. (CNW Group/Bravo Mining Corp.)

Complete Table of Recent Intercepts – Trenching

TRENCH-ID	From (m)	To (m)	Thickness (m)	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	PGM + Au (g/t)	TYPE
TRC24LU009	143.70	218.15	74.45	0.66	0.42	0.07	0.04	1.20	Ox
TRC24LU010	44.70	69.90	25.20	0.40	0.19	0.04	0.05	0.67	Ox
	112.78	169.18	56.40	0.30	0.16	0.02	0.04	0.52	Ox
	173.18	245.78	72.60	0.73	0.53	0.09	0.04	1.39	Ox
TRC24LU011	58.70	60.70	2.00	1.47	0.25	0.01	0.11	1.84	Ox
	89.40	141.00	51.60	0.71	0.38	0.06	0.05	1.20	Ox
	142.00	163.60	21.60	0.51	0.26	0.04	0.01	0.83	Ox
	190.60	206.60	16.00	0.32	1.46	0.16	0.01	1.95	Ox
	206.60	228.90	22.30	0.18	0.31	0.04	0.01	0.54	Ox
TRC24LU012	47.60	162.57	114.97	0.89	0.64	0.12	0.06	1.71	Ox
TRC23LU013	25.80	183.90	158.10	0.71	0.43	0.08	0.04	1.27	Ox
Including	83.90	120.30	36.40	1.61	0.94	0.19	0.05	2.81	Ox
TRC23LU014	0.00	83.40	83.40	0.56	0.25	0.04	0.09	0.93	Ox
TRC23LU015	0.00	152.70	152.70	0.67	0.39	0.08	0.02	1.15	Ox
Including	0.00	17.30	17.30	1.27	0.86	0.15	0.03	2.30	Ox

Notes: All 'From', 'To' depths, and 'Thicknesses' are along the topographic surface. Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.

Figure 4: Location of Bravo Trenches and Sections Reported in this News Release (CNW Group/Bravo Mining Corp.)

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.

The Luanga Project is situated on mature freehold farming land and benefits from being in a location close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and clean renewable hydro grid power. A fully funded 63,000m infill, step out and exploration drilling and trenching program is well advanced for 2024. Bravo's current Environmental, Social and Governance activities includes planting more than 25,000 high-value trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Technical Disclosure

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "compare well", "elevated", "expect", "anticipated", "future results", "continue", "outstanding results", "positive impact", "potential", "successful", "interpretation", variants of these words and other similar words, phrases, or statements that certain events or conditions "may", "should" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing trenching program; the interpretation of the results of trench data, including that the mineralization thickens in the saprolite, is locally supergene enriched, and the impact on future mineral resource estimates thereof; the potential that similar thickening and supergene enrichment may be present along the entire strike length of the Luanga deposit and the impact on mineral resource estimates thereafter; the potential future economics of the saprolite material, including the recoverability of PGMs and Au therein; the results of planned additional trenching; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to results from trenching reasonably reflect consistent zones of oxide mineralization and that future results from additional trenching will continue to see similar broad distribution of oxides with higher grades that the current MRE; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Trench Location Details

HOLE-ID	Company	East (m)	North (m)	RL (m)	Datum	Length (m)	Azimuth	Dip	Sector
TRC24LU009	Bravo	659340.68	9341162.14	222.07	SIRGAS2000_UTM_22S	218.15	330.00	0.00	Central
TRC24LU010	Bravo	659430.88	9341219.66	217.51	SIRGAS2000_UTM_22S	245.78	330.00	0.00	Central
TRC24LU011	Bravo	659505.67	9341288.04	216.41	SIRGAS2000_UTM_22S	228.90	330.00	0.00	Central
TRC24LU012	Bravo	659588.93	9341340.00	205.14	SIRGAS2000_UTM_22S	197.62	330.00	0.00	Central
TRC23LU013	Bravo	659672.34	9341393.00	203.64	SIRGAS2000_UTM_22S	183.90	330.00	0.00	Central
TRC23LU014	Bravo	659762.25	9341437.66	196.63	SIRGAS2000_UTM_22S	134.75	330.00	0.00	Central
TRC23LU015	Bravo	659828.70	9341524.80	211.30	SIRGAS2000_UTM_22S	152.70	330.00	0.00	Central

Schedule 2: Assay Methodologies and QAQC

Samples follow a chain of custody between collection, processing, and delivery to the SGS laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.

Bravo SGS Geosol
Preparation	Method	Method	Method	Method
For All Elements	Pt, Pd, Au	Rh	Sulphide Ni, Cu	Trace Elements
PRPCLI (85% at 200#)	FAI515	FAI30V	AA04B	ICP40B

Bravo Mining Corp. Logo (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/15/c3332.html

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