VANCOUVER, BC / ACCESSWIRE / June 17, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has applied for two additional diamond drilling permits for its Golden Promise Gold Property, located in the central Newfoundland gold belt. The applications are for up to 33 drill holes at the Jaclyn Zone and up to 12 drill holes at the Otter Brook showing. The Company is planning to resume drilling at the Jaclyn Zone in early July under its existing drilling permit.

The Company reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold – uncapped). A 2020 outcrop grab sample from the Otter Brook showing returned 5.75 g/t gold.

The drilling application for the Jaclyn Zone includes 15 drill holes at the Jaclyn Main Zone and 18 drill holes at the Jaclyn North Zone for approximately 5,000 meters. This includes in-fill drill holes within different part of the Jaclyn Main Zone, the objective to provide further definition of the zone and provide information for an updated resource calculation. Most of these holes are planned within the central to west region of the zone, testing above 200 meters vertical depth. Two holes are planned in the east part of the Jaclyn Main Zone to test the zone at 200-350 meters vertical depth. Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters and 61.35 g/t gold over 2.04 meters.

The planned drilling at the Jaclyn North Zone will further test the area east of historic drill holes including the area of an approximate 300-meter long zone of gold-bearing quartz vein boulders. Three drill holes completed by the Company during 2020 in this area intersected gold bearing quartz veins and extended the Jaclyn North quartz vein system approximately 260 meters east of historic drilling. The Company collected gold bearing quartz boulder samples in this area during 2017 (including samples returning 163, 208 and 332 grams / tonne (g/t) gold) and 2020 (including samples returning 17.4, 26.7 and 157.6 g/t gold).

The Company confirmed gold mineralization at the Otter Brook showing during 2020. Eight of 11 rock samples (float and outcrop) collected at this showing during 2020 exceeded 0.7 g/t gold including a rock grab sample returning 5.7 g/t gold. Great Atlantic is planning drill holes under this outcrop and along the projected strike of this zone.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization on the Golden Promise Property.

Note – The areas surrounding the 8 Great Atlantic Properties are now fully staked on all boarders

Great Atlantic reported a National Instrument 43-101 mineral resource estimate for the Jaclyn Main Zone (JMZ) in late 2018 (Company News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

Mineral resource tonnage and grades are reported as undiluted.

Contained Au ounces are in-situ and do not include recovery losses

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm³ was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID²) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drill holes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

The Company also announces it has granted 500,000 options at an exercise price of $0.70 to its directors, officers, employees and consultants. The options are exercisable for five years and will be cancelled 30 days after cessation of acting as director, officer, employee or consultant of the Company. The stock options are not transferable and will be subject to a four-month hold period from the date of grant and any applicable regulatory acceptance.

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

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

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

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

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

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

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/652109/Great-Atlantic-Applies-for-Two-Additional-Diamond-Drilling-Permits-Plans-Drilling-Early-July-At-Its-100-Owned-Golden-Promise-Gold-Property-Central-Newfoundland

• Highest battery grade lithium carbonate produced to date with 99.9% purity

• The Company will now convert the Plant from batch mode into continuous mode to produce large samples for specification certification

• Lithium carbonate has now been considered acceptable for the development of batteries by CATL

TORONTO, June 17, 2021 /CNW/ – Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that the Company has reached an important milestone in lithium carbonate production at its pilot plant for its wholly owned Tres Quebradas lithium project ("3Q Project") in Catamarca Province, Argentina.

Using the upgraded alkali methodology, the Company further advanced the crystallization parameters as well as other necessary minor adjustments, which resulted in achieving battery-grade lithium carbonate with a purity of 99.891%, which is acceptable by Contemporary Amperex Technology Co. Limited (CATL) for its LFP batteries standard. This methodology will by applied to the design of the 3Q Project lithium carbonate pilot plant ("the Plant") in the feasibility study being carried out by Worley and expected to be completed by the end of Q3 2021.

The composition of impurities in the lithium carbonate is as follows*:

The Company will now convert the Plant from batch mode into continuous mode to produce large samples for specification certification. Neo Lithium has already sent samples to CATL in China for their own chemical analysis.

"We have reached our objective to produce high-quality lithium carbonate while minimizing the reagent consumption and freshwater footprint," stated Waldo Perez, President and CEO of Neo Lithium. "We are now ready to complete the feasibility study with the final parameters achieved in the piloting stage."

The Pilot Plant Process

Neo Lithium received the Plant built by the Instituto de Investigaciones Tecnologicas from Universidad de Concepcion, Chile in February 2019. The Company's engineers assembled the Plant in the warehouse of the town of Fiambalá, Catamarca, located 160km from the 3Q salar. The Plant operated in batches and has a designed annual capacity of 50 tonnes of lithium carbonate per year using concentrated brine from the 3Q Project with 3.2% to 3.6% lithium brine.

The in-situ brine comes from the high-grade northern sector of the 3Q Project salar, with an initial chemical composition as follows:

After approximately one year the brine is evaporated, and sodium chloride, potassium chloride and calcium chloride are removed to produce concentrated brine with a composition as follows:

The Plant produced the first batch of lithium carbonate with 99.1% purity in September 2019 and in March 2020 the engineers achieved a 99.535% purity following the process described in Technical Report "Preliminary Feasibility Study (PFS) – 3Q Project NI 43-101 Report Catamarca, Argentina" filed on May 8th, 2019. This process uses solvent extraction phase (SX-B) for boron removal, a sulfation phase for calcium removal using sodium sulfate and a liming and carbonation phase to remove magnesium and any remaining calcium.

At that point, the Company's technical team designed a more efficient process to produce higher purity lithium carbonate with lower consumption of fresh water, reagents, and energy. This process was called the alkali route and in this process the sulfation phase for calcium removal is changed by an alkalization phase with sodium hydroxide. The first production of lithium carbonate with this process reached 99.599% purity in March 2020 and 99.797% purity in January 2021. The Company has now achieved the final objective of 99.891% which is considered acceptable as a final product of high-quality battery grade material for the production of LFP batteries by CATL. This process will be used as final design for the feasibility study scheduled to be completed by Worley by the end Q3 2021.

The Company today has about 50 tonnes of concentrated brine ready to be converted to lithium carbonate by the Plant and has also upgraded the pilot ponds to mimic the pond design of the feasibility study parameters (please refer to the April 26, 2021, press release for more information).

Since the arrival of the Plant over 30 batches of lithium carbonate have been produced, and the final quality goals have been achieved. The next phase is to set up the Plant in continuous mode to produce larger volume samples for final specification tests and final certification.

The Company is also pleased to announce that it has engaged Kemetco of Canada to evaluate the physical parameters of the final product.

Technical Information

The samples collected were delivered by Company personnel to Andesmar Transport Company ("Andesmar") in La Rioja, in the province of Rioja. Andesmar delivered the samples by truck to ASL, an ISO 9001-2008-certified laboratory in Mendoza, Argentina. ASL used the following analytical methodologies: ICP-OES (inductively-coupled plasma-optical (atomic) emission spectrometry) to quantify boron, barium, calcium, lithium, magnesium, manganese, and potassium; an argentometric method to assay for chloride; a gravimetric method to analyze for sulfate; a volumetric analysis (acid/base titration) for the evaluation of alkalinity (as CaCO3); a gravimetric method to determine density and total dissolved solids; and, a laboratory pH meter to determine pH. All analytical work is subject to a systematic and rigorous Quality Assurance-Quality Control. A reference ("standard") sample was inserted into the sample stream at a frequency of approximately 1 in 15 samples; a field blank was inserted at a frequency of approximately 1 in 15 samples; and a field duplicate sample was inserted at a frequency of approximately 1 in 15 samples.

Waldo Perez, Ph.D, P.Geo., the CEO and President of Neo Lithium Corp. is the Qualified Person who approved the scientific and technical disclosure in the news release.

About Neo Lithium Corp.

Neo Lithium Corp. has quickly become a prominent new name in lithium brine development by virtue of its high quality 3Q Project and experienced team. Neo Lithium is rapidly advancing its 100% owned 3Q Project – a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle".

The 3Q Project is located in the Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 ha including a salar complex of approximately 16,000 ha.

Additional information regarding Neo Lithium Corp. is available on SEDAR at www.sedar.com under the Company's profile and at its website at www.neolithium.ca, including various pictures of ongoing work at the project.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the contents of this press release.

Cautionary Note Regarding Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements. Such statements include but are not limited to, statements as to lithium brine grades at depth being consistent with surface results, the potential for resource expansion at depth, the potential of the northern salar sediments, and deeper sediments, for hosting brine, the ability to proceed to scoping studies quickly, proceeding with continued work for additional economic studies the potential for production expansion in the Company's assessment of the economic potential of the 3Q Project, that test results are indicative of future results, and the additional of additional independent directors. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "is expected", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, which could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. These risks include, without limitation, risks related to failure to obtain adequate financing on a timely basis and on acceptable terms, political and regulatory risks associated with mining and exploration activities, including environmental regulation, risks and uncertainties relating to the interpretation of drill and sample results, risks related to the uncertainty of cost and time estimation and the potential for unexpected delays, costs and expenses, risks related to metal price fluctuations, the market for lithium products, competition for experienced directors in the junior mineral exploration and development sector, and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and undue reliance should not be placed on forward-looking statements.

SOURCE Neo Lithium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/17/c4461.html

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We note that Zimplats Holdings Limited (ASX:ZIM) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.

When Is Debt Dangerous?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. When we think about a company's use of debt, we first look at cash and debt together.

See our latest analysis for Zimplats Holdings

What Is Zimplats Holdings's Net Debt?

You can click the graphic below for the historical numbers, but it shows that as of December 2020 Zimplats Holdings had US$11.8m of debt, an increase on none, over one year. But it also has US$241.8m in cash to offset that, meaning it has US$230.0m net cash.

How Healthy Is Zimplats Holdings' Balance Sheet?

Zooming in on the latest balance sheet data, we can see that Zimplats Holdings had liabilities of US$198.6m due within 12 months and liabilities of US$288.6m due beyond that. Offsetting these obligations, it had cash of US$241.8m as well as receivables valued at US$409.3m due within 12 months. So it can boast US$163.9m more liquid assets than total liabilities.

This surplus suggests that Zimplats Holdings has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Simply put, the fact that Zimplats Holdings has more cash than debt is arguably a good indication that it can manage its debt safely.

Even more impressive was the fact that Zimplats Holdings grew its EBIT by 149% over twelve months. That boost will make it even easier to pay down debt going forward. When analysing debt levels, the balance sheet is the obvious place to start. But you can't view debt in total isolation; since Zimplats Holdings will need earnings to service that debt. So when considering debt, it's definitely worth looking at the earnings trend. Click here for an interactive snapshot.

Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. While Zimplats Holdings has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. In the last three years, Zimplats Holdings's free cash flow amounted to 41% of its EBIT, less than we'd expect. That's not great, when it comes to paying down debt.

Summing up

While it is always sensible to investigate a company's debt, in this case Zimplats Holdings has US$230.0m in net cash and a decent-looking balance sheet. And we liked the look of last year's 149% year-on-year EBIT growth. So we don't think Zimplats Holdings's use of debt is risky. There's no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet. For example – Zimplats Holdings has 2 warning signs we think you should be aware of.

When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So shareholders might well want to know whether insiders have been buying or selling shares in Great Atlantic Resources Corp. (CVE:GR).

Do Insider Transactions Matter?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, such insiders must disclose their trading activities, and not trade on inside information.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.

View our latest analysis for Great Atlantic Resources

The Last 12 Months Of Insider Transactions At Great Atlantic Resources

In fact, the recent purchase by Eric Sprott was the biggest purchase of Great Atlantic Resources shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of CA$0.65. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 2.17m shares for CA$1.0m. On the other hand they divested 42.60k shares, for CA$27k. In the last twelve months there was more buying than selling by Great Atlantic Resources insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Great Atlantic Resources is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insiders at Great Atlantic Resources Have Bought Stock Recently

It's good to see that Great Atlantic Resources insiders have made notable investments in the company's shares. In total, insiders bought CA$1.0m worth of shares in that time, and we didn't record any sales whatsoever. This is a positive in our book as it implies some confidence.

Does Great Atlantic Resources Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Great Atlantic Resources insiders own 19% of the company, worth about CA$2.9m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Great Atlantic Resources Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Great Atlantic Resources shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 4 warning signs (2 are potentially serious!) that you ought to be aware of before buying any shares in Great Atlantic Resources.

But note: Great Atlantic Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

St. Paul, Minnesota–(Newsfile Corp. – June 16, 2021) – The board of directors of PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company"), re-elected Jon Cherry its chairman following the Annual General and Special Meeting of Shareholders in Vancouver, British Columbia and re-appointed Al Hodnik lead independent director.

In the annual meeting, which also was held virtually at www.virtualshareholdermeeting.com/PLM2021, 86.16% of the eligible shares were represented and all motions put forward by the company were passed.

The number of directors of the company was fixed at seven and the following persons were elected as directors of the company to hold office until the next annual general meeting. The voting results are shown below:

Deloitte & Touche LLP was re-appointed as auditors of the company and the board is authorized to fix the remuneration to be paid to the auditors.

PolyMet shareholders further re-approved the Omnibus Share Compensation Plan, as approved by shareholders in 2007, amended and restated and confirmed from time to time, most recently by shareholders in 2018.

Following the meeting, Mr. Cherry gave a presentation on achievements of the past year and goals for the future. Key achievements include:

• A continuing strong safety and environmental record that included an injury-free workplace in 2021 and complete compliance with the terms of PolyMet's environmental permits;

• Business continuity in spite of pandemic-related restrictions and no work-related illnesses;

• Favorable rulings by the Minnesota Supreme Court after the company petitioned the Court to review two lower court rulings. One of those cases regarded the Permit to Mine and dam safety permits, and the other, the air permit. Of the many questions decided by the court in both cases, PolyMet and state agencies prevailed in the vast majority of them, including the key legal issues in both cases;

• Successful defense of six of the 11 state and federal cases that have been brought against the project. The remaining five cases are in various stages of litigation or appeal, but are for the most part well advanced in the process; and,

• Continued environmental compliance with the conditions of PolyMet permits.

Mr. Cherry said key objectives for the months ahead include:

• Successful defense of outstanding cases challenging PolyMet permits, including a court-ordered contested case hearing related to the effectiveness of bentonite clay capping for eventual closure of NorthMet's tailings basin, and a potential hearing by the Army Corps of Engineers related to the state's water quality certification as it relates to our federal wetlands permit;

• Continued engineering and optimization of the project; and,

• Continued compliance of environmental permits.

"NorthMet will provide the metals that are critical to global carbon reduction efforts, and those solutions start with the build-out of clean energy technologies such as wind turbines, solar arrays and electric vehicles," Mr. Cherry told shareholders. "We remain committed to building the project as a modern and safe mining operation that generates the jobs and economic benefits we have promised, and returns value to our shareholders and the communities where we operate."

About PolyMet

PolyMet is a mine development company that owns 100% of the NorthMet Project, the first large-scale project to be permitted within the Duluth Complex in northeastern Minnesota, one of the world's major, undeveloped mining regions. NorthMet has significant proven and probable reserves of copper, nickel and palladium – metals vital to global carbon reduction efforts – in addition to marketable reserves of cobalt, platinum and gold. When operational, NorthMet will become one of the leading producers of nickel, palladium and cobalt in the U.S., providing a much needed, responsibly mined source of these critical and essential metals.

Located in the Mesabi Iron Range, the project will provide economic diversity while leveraging the region's established supplier network and skilled workforce, and generate a level of activity that will have a significant effect in the local economy. For more information: www.polymetmining.com.

For further information, please contact:

Media
Bruce Richardson, Corporate Communications
Tel: +1 (651) 389-4111
brichardson@polymetmining.com

Investor Relations
Tony Gikas, Investor Relations
Tel: +1 (651) 389-4110
investorrelations@polymetmining.com

PolyMet Disclosures

This news release contains certain forward-looking statements concerning anticipated developments in PolyMet's operations in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding the ability to receive environmental and operating permits, job creation, and the effect on the local economy, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.

PolyMet's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations and opinions should change.

Specific reference is made to risk factors and other considerations underlying forward-looking statements discussed in PolyMet's most recent Annual Report on Form 40-F for the fiscal year ended December 31, 2020, and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission.

The Annual Report on Form 40-F also contains the company's mineral resource and other data as required under National Instrument 43-101.

No regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this release.

* * * * *

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87827

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

Impala Platinum Holdings Ltd. (IMPUY) is a stock many investors are watching right now. IMPUY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with a P/E ratio of 3.63, which compares to its industry's average of 8.10. Over the past year, IMPUY's Forward P/E has been as high as 8.80 and as low as 2.94, with a median of 4.16.

IMPUY is also sporting a PEG ratio of 0.52. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. IMPUY's industry currently sports an average PEG of 0.81. Over the last 12 months, IMPUY's PEG has been as high as 1.11 and as low as 0.08, with a median of 0.12.

Another notable valuation metric for IMPUY is its P/B ratio of 2.67. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.34. Over the past year, IMPUY's P/B has been as high as 3.19 and as low as 1.25, with a median of 2.09.

These are just a handful of the figures considered in Impala Platinum Holdings Ltd.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that IMPUY is an impressive value stock right now.

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Impala Platinum Holdings Ltd. (IMPUY) : Free Stock Analysis Report
 
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ClearBridge Investments, an investment management firm, published its “International Growth ADR Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge International Growth ADR Strategy underperformed the benchmark MSCI EAFE Index for the first quarter. The Strategy sustained losses across seven of the nine sectors in which it was invested (out of 11 total), with the IT and financials sectors the primary detractors. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Sociedad Química y Minera de Chile S.A. (NYSE: SQM), and shared their insights on the company. Sociedad Química y Minera de Chile S.A. is a Santiago, Chile-based chemicals company that currently has a $12.3 billion market capitalization. Since the beginning of the year, SQM delivered a -3.97% return, while its 12-month gains are up by 72.99%. As of June 15, 2021, the stock closed at $46.80 per share.

Here is what ClearBridge Investments has to say about Sociedad Química y Minera de Chile S.A. in its Q1 2021 investor letter:

Our calculations show that Sociedad Química y Minera de Chile S.A. (NYSE: SQM) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Sociedad Química y Minera de Chile S.A. was in 16 hedge fund portfolios, compared to 14 funds in the fourth quarter of 2020. SQM delivered a -14.88% return in the past 3 months.

Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund wants to buy this $26 biotech stock for $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.

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

PHILADELPHIA, June 16, 2021 /PRNewswire/ —

FMC Corporation (NYSE: FMC) today announced it will release its second quarter 2021 earnings on Tuesday, August 3, 2021, 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 Wednesday, August 4, 2021, at 9:00 a.m. ET that is open to the public via internet broadcast and telephone.

Second Quarter Conference Call Details:

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

Dial-in telephone numbers:
US Toll Free: 1-844-750-4894
Canada Toll Free: 1-855-669-9657
Other International: 1-412-317-5290

A replay of the call will be available via the internet and telephone from 11:00 a.m. ET on August 4, 2021 until August 25, 2021.

Internet replay: https://investors.fmc.com
US Toll Free: 1-877-344-7529
Canada Toll Free: 1-855-669-9658
Other International: 1-412-317-0088
Replay Access Code: 10157451

About FMC

FMC Corporation, an agricultural sciences company, provides innovative solutions to growers around the world with a robust product portfolio fueled by a market-driven discovery and development pipeline in crop protection, plant health, and professional pest and turf management. This powerful combination of advanced technologies includes leading insect control products based on Rynaxypyr^® and Cyazypyr^® active ingredients; Authority^®, Boral^®, Centium^®, Command^® and Gamit^® branded herbicides; Talstar^® and Hero^® branded insecticides; and flutriafol-based fungicides. The FMC portfolio also includes biologicals such as Quartzo^® and Presence^® bionematicides. FMC Corporation employs approximately 6,400 employees around the globe. To learn more, please visit www.fmc.com.

FMC, the FMC logo, Rynaxypyr, Cyazypyr, Authority, Boral, Centium, Command, Gamit, Talstar, Hero, Quartzo and Presence are trademarks of FMC Corporation or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions. Hero® insecticide is a restricted use pesticide in the United States.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2020 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.

View original content to download multimedia:http://www.prnewswire.com/news-releases/fmc-corporation-announces-dates-for-second-quarter-2021-earnings-release-and-webcast-conference-call-301314056.html

SOURCE FMC Corporation

Chart of the Week

– New Mexico’s oil production hit a record high in March 2021, averaging 1.16 mb/d, and natural gas output hit 6.19 Bcf/d.

– The March increases were the largest monthly increases on record (although some of the gains came from restarted wells that shuttered during the February blackouts).

– In 2020, New Mexico’s oil production rose by 133,000 bpd, or 15%.

Market Movers

• BP BP is aiming to enter offshore wind in Norway.

• Earthstone Energy ESTE announced that it has acquired working interests in Eagle Ford assets for $48 million in cash.

• Six oil majors are vying to partner with Qatar to develop the country’s natural gas fields and LNG projects. The list includes ExxonMobil XOM, Royal Dutch Shell RDS.A, Total Energies SE TOT, ConocoPhillips COP, Eni E, and Chevron CVX

Tuesday, June 15, 2021

Oil prices are up at the start of the week on growing demand optimism. “Oil prices really are in a positive June upswing as demand and supply are recovering in an unequal speed,” Rystad’s Louise Dickson said in a statement.

Oil prices hit 32-month high. Oil prices rose early on Monday, with the U.S. benchmark hitting a 32-month high and Brent rising above $73 per barrel as the market is growing increasingly bullish on-demand while the return of Iranian oil looks more distant than initially thought.

Shell considers selling Permian assets. Royal Dutch Shell RDS.A is considering a sale of its Permian assets, hoping to rase $10 billion. Shell’s Permian operations produced 193,000 barrels of oil equivalent per day in 2020, or about 6% of the company’s total output.

Shipping costs driving up prices. The skyrocketing costs of shipping are driving up prices for commodities across the globe. Shipping costs are up 547% relative to the seasonal average for the last five years.

Investors see green push leaving oil market short on supply. Bets from hedge funds and money managers are becoming more bullish, and analysts say that a growing number of investors see a supply shortage coming as a global push for energy transition leaves the world short on oil supply in the years ahead. “This is the basis for the next oil crisis,” Leigh Goehring, managing partner at commodities-focused investment firm Goehring & Rozencwajg Associates, told the WSJ. “We’re in uncharted territory.”

RBC: U.S. shale might be needed. RBC argues that OPEC+ may not have enough spare capacity to satiate the market next year, and more U.S. shale supply might be needed. “In the event that the U.S. remains status quo and does not grow next year, global stocks could be nearly 400 million barrels lower, from entry to exit in 2022,” wrote Michael Tran, commodity strategist at RBC Capital Markets. “Put another way, market balances only begin to reach a state of equilibrium if U.S. production grows by 1.2 million bpd next year. Anything short of that and balances will remain tight. And this comes after virtually all of OPEC+ spare capacity has returned to the market.”

G-7 call for end of coal finance. G-7 countries did not agree on a full phaseout of coal, but agreed to cut off government-backed financing for new coal projects that lack carbon capture. G-7 countries also agreed on a goal to cut emissions in half by 2030.

G-7 backs away from EV target. The G7 nations failed to set targets for EV sales in their push towards the electrification of transport at their latest meeting, pledging only to “intensify efforts in enhancing the offer of more sustainable transport modes”, the group said in its final communiqué today.

Nevada lithium project delayed. Lithium Americas Corp LAC delayed a highly-anticipated lithium mining project in Nevada while a court reviews whether the project was hastily approved during the Trump administration.

Commodity traders bet on Russian oil. Two commodity trading giants are betting big on a Russian oil project in a rare move that could make or break the oil traders’ fates – and oil market observers should be paying close attention.

Equinor ups renewables investment. Equinor EQNR outlined a strategy to ramp up renewables, setting a goal of having 50% of capex go to renewables by 2030, compared to 4% last year. It aims to have 12-16GW of renewables installed by that date. But the company declined to set declining targets for oil and gas production.

Natural gas prices shoot up. A heatwave in multiple parts of the U.S. has pushed up natural gas futures, with July Nymex contracts rising to $3.35/MMBtu.

Europe turns to coal as gas grows scarce. Coal use in Europe is up 10-15% this year due to cold weather and low natural gas inventories.

Lumber prices falling. Lumber prices staged a historic rally in recent months, but prices are now crashing, down by 42% since early May. “The rapid decline suggests a bubble that has burst and the question now is how low lumber prices will fall,” the Wall Street Journal wrote.

Related: Oil Markets Baffled As The IEA Calls For More Production

BofA: Exxon probably will raise its dividend. Bank of America believes shareholders who voted in favor of the board shake-up were likely focused on one thing: the dividend.

Japan bets on hydrogen. Japan is making a long-term bet on hydrogen, which critics view as unrealistic, but if it succeeds, could help build out a global supply chain.

Saudi Aramco borrows to fund its dividend. Saudi Aramco returned to the global debt market to raise cash despite higher oil prices, raising $6 billion in Islamic bonds. Aramco generated $18.3 billion in free cash flow in the first quarter, just short of the $18.75 billion in dividends it shelled out.

Biden administration looks to auction offshore wind tracts in NJ. The Biden administration on Friday announced that it would begin the formal process of selling leases to develop offshore wind farms in shallow waters between Long Island and New Jersey as part of its push to transition the nation to renewable energy.

Oil demand could surge by 8 mb/d. S&P Global Platts Analytics expects global oil demand to surge by 8.2 million b/d from May to August as major economies continue to recover from the pandemic.

Renewable energy’s employment problem. As the world reopens and the global and national economies begin to return to normal, the clean energy industry has run into the same problem as so many other economic sectors–there just aren’t enough workers.

The biggest threat to Europe’s battery boom. Weak carbon dioxide (CO2) emission rules for car sales across the European Union and the UK in the near term risk undermining what is shaping up to be a booming battery manufacturing industry in Europe, a clean transport campaign group has warned.

By Josh Owens for Oilprice.com

More Top Reads From Oilprice.com:

• Middle East Oil Prices Rise As Global Demand Recovers

• Not All Electric Vehicle Companies Are Created Equal

• Goldman Sachs Doubles Down On $80 Oil Prediction

Read this article on OilPrice.com

VANCOUVER, British Columbia, June 15, 2021 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) today announced that it continues to intersect high grade gold mineralization in Phase 2 of the North Block resource expansion drill program at the Brucejack Mine in British Columbia.

Following up on the success of the Phase 1 drill program (see news release dated February 25, 2021) Pretivm initiated a second phase of drilling to test the extension of the North Block Zone to the northwest. The Phase 2 program identified high-grade gold mineralization with five intersections assaying above 1,000 grams per tonne gold. Results include, drill hole VU-2933 which assayed 561.6 grams per tonne gold over 15.0 meters, including 8,400 grams per tonne gold over 1.0 meter. In addition, drill hole VU-2932 assayed 306.6 grams per tonne gold over 19.5 meters, including 5,910 grams per tonne gold over 1.0 meter. High grade gold mineralization was intercepted up to 450 meters from the current resource shell.

“These impressive results confirm high-grade gold mineralization in the North Block Zone and further extend the potential of the Valley of the Kings deposit at Brucejack,” said Jacques Perron, President and Chief Executive Officer of Pretivm. “Based on the success of the second phase, we have initiated a third and fourth phase of the drill program to further delineate the potential of the North Block Zone.”

The North Block Zone is located directly to the north of the Valley of the Kings deposit. The resource expansion exploration program is designed to test for Valley of the Kings style mineralization to the north and at depth. Phase 2 of the program was drilled from the 1150 and 1070 levels in the mine, targeting an area extending up to 450 meters north of the current resource shell. Phase 3 of the program will infill between the existing drill fans and the newly designed Phase 4 of the program will test an area immediately to the northwest of the current drilling.

North Block – Phase 2 Results

Phase 2 of the North Block resource expansion drill program comprised 22,964 meters in 83 drill holes. Drilling from the 1150 level intersected the extension of the Domain 13 Stockwork, which is currently being mined in the Valley of the Kings. Drilling from the 1070 level intersected the recently identified corridor of gold mineralization in the footwall of the Domain 13 structure. This corridor features coarse electrum in northwest oriented quartz-carbonate veins within a broader halo of lower grade gold mineralization.

For a plan and section view of the 2020 North Block Phase 2 program please see the following link: http://ml.globenewswire.com/Resource/Download/a0d0b719-e832-45c0-b1a2-c18be5099170.

Significant drill results are shown below:

• Hole VU-2933 intersected 561.6 grams per tonne gold over 15.0 meters, including 8,400 grams per tonne gold and 4,900 grams per tonne silver over 1.0 meters.

• Hole VU-2932 intersected 306.6 grams per tonne gold over 19.5 meters, including 5,910 grams per tonne gold and 3,400 grams per tonne silver over 1.0 meters.

• Hole VU-2962 intersected 191.6 grams per tonne gold over 14.0 meters, including 1,795 grams per tonne gold and 1,375 grams per tonne silver over 1.0 meters.

• Hole VU-2859 intersected 31.6 grams per tonne gold over 51.0 meters, including 1,515 grams per tonne gold over 1.0 meters.

• Hole VU-2967 intersected 61.7 grams per tonne gold over 17.5 meters, including 993 grams per tonne gold over 1.0 meters.

2021 Resource Expansion Drilling and Near-Mine Exploration Program

The resource expansion drill program is currently targeting the North Block Phase 3 and Phase 4 and the 1080 East Zone. In early July, two drills from underground will be repositioned to complete a 13,000-meter resource expansion drill program at Gossan Hill from surface. At the Bridge Zone, 11,000-meters of underground resource expansion drilling is expected to start in late August.

The near-mine exploration program is expected to start in mid-June with two additional drills on surface. The program will focus first on exploration targets at Shore Zone and SG Zone. Then, to follow up on the successful discovery of epithermal style gold mineralization at Hanging Glacier, a 10,000-meter drill program will be initiated in late July (see news release dated December 16, 2020).

In addition to drilling, the near-mine exploration program will include a UAV magnetic survey, MT and IP geophysical surveys, soil sampling and prospecting over the four-kilometer trend from Brucejack to Hanging Glacier.

Stephanie Wafforn, P.Geo., Pretivm’s Resource Manager is the Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects responsible for the Mineral Resource expansion drill program and the near-mine exploration program and has reviewed and approved the scientific and technical information in this news release related thereto.

Table 1: Selected North Block Phase 2 Results, June 2021 (VU-2762 to VU-2969)^(1,2)

⁽¹⁾ True thickness to be determined.
⁽²⁾ All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi-digestion with ICP-MS finish and fire assay with AA finish for gold. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,500 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 samples was blank, one in 20 was a standard sample, and one in 20 samples had a sample cut from assay rejects assayed as a field duplicate at ALS Chemex in North Vancouver, B.C. ALS Chemex is independent of Pretivm.

About Pretivm

Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine.

For further information contact:

Troy Shultz
Manager, Investor Relations &
Corporate Communications

Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
invest@pretivm.com
(SEDAR filings: Pretium Resources Inc.)

Regarding Forward-Looking Information

This news release contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as “forward-looking information”), including the “safe harbour” provisions of Canadian provincial securities legislation and the U.S. Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended. Wherever possible, words such as “plans”, “expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “modeled”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking information. Forward-looking information may include, but is not limited to: results, analyses and interpretations of exploration and drilling programs; our mining (including mining methods), expansion, exploration and development activities, including the reverse circulation drill program, our definition, sustaining, expansion and underground exploration drill programs and our grassroots exploration program, and the plans, specifications, targets, results, benefits, costs and timing thereof; expectations around grade of gold and silver production; Brucejack Mine production rate and gold recovery rate; our operational grade control program, including plans with respect to our infill drill program and our local grade control model; grade reconciliation, updated geological interpretation and mining initiatives with respect to the Brucejack Mine; our management, operational plans and strategy; capital, sustaining and operating cost estimates and timing thereof; the future price of gold and silver; our liquidity and the adequacy of our financial resources (including capital resources); our intentions with respect to our capital resources; capital allocation plans; the estimation of mineral resources and mineral resources including any updates thereto; parameters and assumptions used to estimate mineral resources and mineral resources; realization of mineral resource and mineral resource estimates; our estimated life of mine and life of mine plan for the Brucejack Mine; production and processing estimates and estimated rates; estimated economic results of the Brucejack Mine; predicted metallurgical recoveries for gold and silver; geological and mineralization interpretations; development of our Brucejack Mine and timing thereof; timelines and similar statements relating to the economic viability of the Brucejack Mine, including mine life, total tonnes mined and processed and mining operations; updates to our mineral resources and mineral resources and life of mine plan for the Brucejack Mine, and the anticipated effects and timing thereof; timing, receipt, and anticipated effects of, and anticipated capital costs in connection with, approvals, consents and permits under applicable legislation; the effects of the novel coronavirus (2019-nCoV) outbreak as a global pandemic and at the Brucejack Mine, including anticipated operational and financial impacts, and our response and contingency plans; the effectiveness and costs of our COVID-19 management plans including related protocols and procedures. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking information including, without limitation, those related to: the effect of indebtedness on cash flow and business operations; the effect of a pandemic and particularly the COVID-19 outbreak as a global pandemic on the Company’s business, financial condition and results of operations and the impact of the COVID-19 outbreak on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, financial condition and results of operations; the effects of the COVID-19 outbreak as a global pandemic and at the Brucejack Mine, including anticipated operational and financial impacts and our response and contingency plans; the effectiveness and costs of our COVID-19 management plans, including related protocols and procedures; assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections; our production, grade of gold, milling recovery, cash flow and cost estimates, including the accuracy thereof; commodity price fluctuations, including gold and silver price volatility; the accuracy of our Mineral Resource and Resource estimates (including with respect to size, grade and mining and milling recoverability) and the geological, operational costs and price assumptions on which they are based; uncertainties relating to inferred Mineral Resources being converted into Measured or Indicated Mineral Resources; our ability to maintain or increase our annual production of gold at the Brucejack Mine or discover, develop or acquire Mineral Resources for production; dependency on the Brucejack Mine for our future operating revenue; the development of our properties and expansion of our operations; our need or ability to raise enough capital to mine, develop, expand or complete further exploration programs on our mineral properties; our ability to generate operating revenues and cash flow in the future; failure of counterparties to perform their contractual obligations; general economic conditions; the inherent risks in the mining industry; the commercial viability of our current and any acquired mineral rights; availability of suitable infrastructure or damage to existing infrastructure; transportation, processing and refining risks; maintaining satisfactory labour relations with employees and contractors; significant governmental regulations, including environmental regulations; non-compliance with permits that are obtained or delay in obtaining or renewing, failure to obtain or renew permits required in the future; increased costs and restrictions on operations due to compliance with health, safety and environmental laws and regulations; compliance with emerging climate change regulation and the detrimental effects of climate change; potential opposition from non-governmental organizations; uncertainty regarding unsettled First Nations rights and title in British Columbia; maintaining our social license to operate; uncertainties related to title to our mineral properties and surface rights; land reclamation and mine closure requirements; our ability to identify and successfully integrate any material properties we acquire; currency exchange rate fluctuations; competition in the mining industry for properties, qualified personnel and management; our ability to attract and retain qualified management and personnel; potential inability to attract development partners or our ability to identify attractive acquisitions; compliance with foreign corrupt practices regulations and anti-bribery laws; changes to rules and regulations, including accounting practices; limitations in our insurance coverage and the ability to insure against certain risks; risks related to ensuring the security and safety of information systems, including cyber security risks; significant growth could place a strain on our management systems; share ownership by our significant shareholders and their ability to influence our operations and governance and, in case of sales of our shares by such significant shareholders, our share price; failure to comply with certain terms of the convertible notes; reputational risks; and certain actions under United States federal securities laws may be unenforceable. This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance or achievements to differ from those anticipated, estimated or intended. Our forward-looking information is based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond our control. In connection with the forward-looking information contained in this news release, we have made certain assumptions about, among other things: our business and operations and that no significant event will occur outside of our normal course of business and operations (other than as expressly set out herein); planned exploration, development and production activities and the results, costs and timing thereof; future price of gold and silver and other metal prices; the accuracy of our Mineral Resource and Mineral Resource estimates and related information, analyses and interpretations (including with respect to any updates or anticipated updates); the geology and mineralization of the Brucejack Project; operating conditions; capital and operating cost estimates; the results, costs and timing of future exploration and drilling; timelines and similar statements relating to the economic viability of the Brucejack Mine; timing and receipt of governmental, regulatory and third party approvals, consents, licenses and permits; obtaining required renewals for existing approvals, consents, licenses and permits; the geopolitical, economic, permitting and legal climate that we operate in; the adequacy of our financial resources, and our ability to raise any necessary additional capital on reasonable terms; commodity prices; currency exchange rates and interest rates; political and regulatory stability; requirements under applicable laws; market competition; sustained labour stability and availability of equipment; positive relations with local groups; stability in financial capital markets; and the impact of the COVID-19 outbreak. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information contained in this news release. Additional information about the risks and uncertainties concerning forward-looking information and material factors or assumptions on which such forward-looking information is based is provided in our public disclosure documents as filed in Canada on SEDAR at www.sedar.com and in the United States through EDGAR at the Security and Exchange Commission’s (the “SEC”) website at www.sec.gov. Forward-looking information is not a guarantee of future performance. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. For the reasons set forth above, readers should not place undue reliance on forward-looking information. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.

Figure 1

Location of the Avispa Exploration Property Area and major copper mines in northern Chile.

TORONTO, June 15, 2021 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to announce the commencement of exploration of its 170 km² Avispa copper molybdenum exploration concessions (Avispa or the “property”) located in the Atacama Desert of northern Chile. The Avispa project is situated within the well-defined north to south trending late Paleocene to early Eocene Cu-Mo porphyry belt of northern Chile that hosts some giant operating porphyry copper mines. The property is located approximately 40 km north of BHP’s Spence Cu-Mo mine and KGHM’s Sierra Gorda Cu-Mo mine which are situated in this belt. Avispa is also 50 km west of Codelco’s Chuquicamata supergiant porphyry copper mine that occurs within the younger late Eocene – early Oligocene porphyry belt (Figure 1). The property is surrounded by major mining companies with exploration and mining concessions including; Codelco in the north and Freeport and Glencor to the south with Antofagasta and SQM to the east and west.

The prospective geology of the Avispa project is below a sequence of cover rocks consisting of gravels and fine-grained clastic sediments intercalated with evaporite deposits of Tertiary age. These sediments are underlain by Paleocene volcanics and Cretaceous monzodiorite and diorite porphyries (Figure 1). The Avispa district was previously the target of some wide-spaced exploration drilling.

Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “Montero has secured 17,000 hectares in this highly prospective copper district in proximity and in the same geological setting as world class operating copper molybdenum mines. The Avispa exploration program will be the first step in defining drill target areas to test for buried porphyry and porphyry-related copper molybdenum mineral deposits.”

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8736c3f-158a-4086-af95-cf29fd57cb02

Planned Exploration Program
Montero has completed a thorough investigation of historical information on exploration in this highly prospective area and aims to utilize cutting edge exploration technology with the objective of developing drilling targets. The Company has planned an exploration program that includes; geological mapping, surface sampling, ground, and airborne geophysical surveys.

Reconnaissance mapping has shown extensive areas of Tertiary evaporites with intercalated sediments that overlay older volcanic and intrusive rocks hosting the porphyry deposits in the area. The area will be initially mapped and prospected on a scale of 1:10,000. A rock chip and soil sampling program will be undertaken to help define geochemical signatures of any buried mineralization. Our geologists will also sample surface RC stockpiles that have been left next to RC drill holed left by previous companies that has drilled in the area. Geophysical work planned in the future will include airborne magnetics over selected areas of the property to define possible buried porphyry targets and controlling structural features. Targets will be prioritized for reverse circulation drill testing.

Previous companies to have explored Avispa include BHP that conducted limited drilling on the property at 2 km to 3 km spacing as part of a regional exploration program. Montero believes that there is potential for buried porphyry and porphyry-related deposits with smaller footprints than those sought by major companies.

Montero’s Chief Geologist, Marcial Vergara, has reviewed publicly available data on Avispa and has conducted a field visit. Marcial previously worked for Codelco and Anglo American, both major operating copper mining companies in Chile. Montero has adopted a prospect generator model at Avispa where it will de-risk the project and carry out limited exploration while seeking a partner to advance the project through the drill phase. This will provide Montero shareholders with exposure to the copper space while it continues to focus on the gold-silver potential of southern Chile.

Qualified Person's Statement
This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr.Sci.Nat. and Sr. Marcial Vergara B.Sc. who are qualified persons for the purpose of National Instrument 43-101. Sr Vergara is based in Santiago and has more than 30 years’ experience in copper exploration experience in Chile.

About Montero
Montero is a junior exploration company focused on finding, exploring, and advancing globally significant gold deposits in Latin America. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Latin America. Montero’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal and copper projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 38,647,485 shares outstanding.

For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: ir@monteromining.com
Tel: +1 416 840 9197 | Fax: +1 866 688 4671
www.monteromining.com

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates with respect to the Share Consolidation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the agreement, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the agreement on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

TORONTO, June 15, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (the "Company" or “MacDonald Mines”) announces the results of its 2021 Annual and Special Meeting of Shareholders (the “Meeting”) held earlier today in a virtual format due to the ongoing COVID-19 pandemic.

At the Meeting, all resolutions were passed with the required majorities:

• The shareholders elected Stuart Adair, Mia Boiridy, Amanda Fullerton, Kevin Tanas and Quentin Yarie to be duly elected as directors of the Company until the close of the next annual meeting of shareholders of the Company;

• The shareholders approved a resolution to re-appoint MNP LLP, Chartered Accountants, as auditors of the Company to hold office until the next annual meeting of shareholders, and to authorize the directors to fix their remuneration;

• The shareholders approved a resolution re-approving the Company’s stock option plan; and

• The shareholders approved a resolution to change of name of the Company to “Constellation Gold Corp.” or such other name as determined by the Board and as may be acceptable to the regulatory authorities.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario, that trades on the TSX Venture Exchange under the symbol "BMK". The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. The SPJ Project is a 18,930 ha property prospective for gold which encompasses the past-producing Scadding Gold Mine with gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Mia Boiridy, President & CEO, (250) 575-3305, mboiridy@macdonaldmines.com

Drilling program planned later this year to test targets east of the NICO Deposit

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

LONDON, Ontario, Jun 15, 2021–(BUSINESS WIRE)–Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that it has closed a private placement offering of units, consisting of one common share of the Company and one-half of one warrant. A total of 3,871,426 units were issued at a price of C$0.14 per unit providing the Company with gross proceeds of C$541,999.64. Each whole warrant entitles the holder to purchase one common share at a price of $0.20 for a period of 18 months from closing.

Fortune is also pleased to report that it has been awarded a grant of $144,000 from the Government of the Northwest Territories through the Mining Incentive Program. These funds will be used to support the drill program planned at the NICO Cobalt-Gold-Bismuth-Copper Project ("NICO Project") site later this year, testing five high priority targets east of the NICO Deposit.

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The NICO Project is an advanced Canadian Critical Minerals project and one of the few near-term development stage cobalt assets in the world outside of the Democratic Republic of the Congo. NICO is comprised of planned open pit and underground mine and mill, located approximately 160 km northwest of Yellowknife, Northwest Territories, and a related hydrometallurgical refinery in southern Canada to treat concentrates from the mine and produce cobalt sulphate, gold doré, bismuth ingot and oxide, and copper precipitate. The NICO Project has been assessed in a positive Feasibility Study in 2014 and the facilities in the Northwest Territories have received environmental assessment approval and secured the major mine permits. The NICO Deposit contains Proven and Probable Open Pit and Underground Mineral Reserves totaling 33 million tonnes containing 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper. The NICO Deposit stands out among other Critical Mineral and cobalt development projects globally with more than one million ounce in-situ gold as a highly liquid and countercyclical co-product.

This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company's profile at www.sedar.com. The disclosure of scientific and technical information contained in this news release has been approved by Robin Goad, M.Sc., P.Geo., President and Chief Executive Officer of Fortune who is a "Qualified Person" under National Instrument 43-101.

About Fortune Minerals:

Fortune is a Canadian mining company focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories. The Company has an option to purchase lands in Saskatchewan where it may build the hydrometallurgical plant to process NICO metal concentrates. Fortune also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life of the NICO Project mill.

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This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the potential for expansion of the NICO Deposit, the Company’s plans to conduct a drill program during 2021, the Company’s plans to develop the NICO Project and the potential for the Sue-Dianne property to provide incremental mill feed to the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: the Company’s ability to conduct and complete the planned drill program; the Company’s ability to secure a site in southern Canada for the construction of a NICO Project refinery; the Company’s ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related hydrometallurgical refinery and the timing thereof; growth in the demand for cobalt; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project). However, such forward-looking information is 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. These factors include the risks that further exploration of the areas identified in this press release may not result in a meaningful expansion of the NICO Deposit, the Company will require additional financing to complete the planned drill program and such financing may not be available, the COVID-19 pandemic may interfere with the Company’s ability to conduct the drill program, the NICO Project may not receive the benefit of any financing under the published initiatives of the United States and European Union with respect to critical minerals or any other benefits therefrom, the Company may not be able to secure a site for the construction of a refinery, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical refinery, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company’s production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210615005665/en/

Contacts

Fortune Minerals Limited
Troy Nazarewicz
Investor Relations Manager
info@fortuneminerals.com
Tel: (519) 858-8188
www.fortuneminerals.com

TORONTO, June 15, 2021 /PRNewswire/ – Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has entered into a binding agreement (the "Agreement") to acquire 50% ownership of JCU (Canada) Exploration Company, Limited ("JCU") from UEX Corporation ("UEX"), for cash consideration of $20.5 million, following UEX's expected acquisition of JCU from Overseas Uranium Resources Development Co., Ltd. ("OURD"). View PDF Version

UEX has entered into an amended purchase agreement with OURD ("OURD Agreement") to acquire 100% ownership of JCU, a wholly owned subsidiary of OURD, for cash consideration of $41 million (see UEX press release dated June 15, 2021).

JCU holds a portfolio of twelve uranium project joint venture interests in Canada, including a 10% interest in Denison's 90% owned Wheeler River project, a 30.099% interest in the Millennium project (Cameco Corporation 69.901%), a 33.8123% interest in the Kiggavik project (Orano Canada Inc. 66.1877%), and a 34.4508% interest in the Christie Lake project (UEX 65.5492%).

David Cates, President and CEO, stated: "Denison welcomes this new partnership with UEX. We are pleased with the acquisition terms for this unique and valuable portfolio of strategic Canadian uranium interests, which have been meticulously accumulated by JCU over prior decades. Following this acquisition, Denison will not only increase its indirect ownership of the Company's flagship Wheeler River project, but will also expand its asset base to include additional important Canadian uranium development projects such as Millennium and Kiggavik."

The key terms of the Agreement are outlined below:

• Denison agrees to provide UEX with an interest-free three-month term loan of up to $41 million (the "Term Loan") to facilitate UEX's payment of the $41 million purchase price to OURD for the purchase of 100% of the shares of JCU pursuant to the OURD Agreement.

• $20.5 million of the amount drawn under the Term Loan will be deemed repaid to Denison by UEX on the transfer of 50% of the JCU shares to Denison immediately following the closing of the OURD Agreement and the acquisition of the JCU shares by UEX.

• UEX may extend the Term Loan by an additional three months, in which case interest will be charged at a rate of 4% from the date of the initial advance under the Term Loan until maturity.

• All of the shares of JCU owned by UEX will be held by Denison as security against the Term Loan pursuant to a pledge agreement until the Term Loan is repaid in full.

• The Term Loan is subject to certain customary terms and conditions and contains standard events of default that protect Denison.

• Denison and UEX agree to enter into a shareholders' agreement governing the relationship of Denison and UEX with respect to the future management of JCU ("Shareholders' Agreement").

• The Shareholders' Agreement shall include various provisions regarding future funding and dilution, as well as resolution of deadlock situations and protections of minority interests in relation to specific business matters that will require 66.67% or unanimous support from then JCU shareholders.

• The Agreement is subject to certain conditions precedent, including the completion of the acquisition of the JCU shares by UEX, pursuant to the OURD Agreement.

• Should the OURD Agreement be terminated, each of Denison and UEX have agreed to provide the other party with the opportunity to participate on a 50/50 basis in subsequent offers made in relation to an alternative acquisition of JCU.

• UEX and Denison have certain termination rights, including those in favour of Denison if the OURD Agreement is not completed by September 30, 2021.

The OURD Agreement, and the completion of the JCU acquisition by UEX pursuant thereto, remains subject to approval at a meeting of the shareholders of OURD, which is expected to occur in Tokyo on June 18, 2021. If the shareholders of OURD approve the OURD Agreement, the transaction is expected to close on or before August 3, 2021.

Denison's previously announced offer to acquire 100% of JCU from OURD (see press release dated May 4, 2021) has been withdrawn.

Haywood Securities Inc. and RCI Capital Group are acting as financial advisors, and Blake, Cassels & Graydon LLP is acting as legal counsel to Denison.

About Denison

Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company's flagship project is the 90% owned Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture ("MLJV"), which includes several uranium deposits and the McClean Lake uranium mill that is contracted to process the ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest Main and Midwest A deposits, and a 66.90% interest in the Tthe Heldeth Túé ("THT," formerly J Zone) and Huskie deposits on the Waterbury Lake property. Each of Midwest Main, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.

Denison is also engaged in mine decommissioning and environmental services through its Closed Mines group (formerly Denison Environmental Services), which manages Denison's Elliot Lake reclamation projects and provides post-closure mine care and maintenance services to a variety of industry and government clients.

Follow Denison on Twitter @DenisonMinesCo

Cautionary Statement Regarding Forward-Looking Statements

Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation concerning the business, operations and financial performance and condition of Denison.

Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'.

In particular, this news release contains forward-looking information pertaining to the following: the terms of the Agreement and the OURD Agreement, including the conditions and other rights and obligations of the parties and the expectation that UEX, OURD and Denison will be able to complete the transactions described herein and therein; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners.

Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the conditions to the transactions, including the approval of OURD shareholders, may not be satisfied or the parties may negotiate terms materially different than disclosed herein. Denison believes that the expectations reflected in this forward-looking information are reasonable and no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in the Annual Information Form dated March 26, 2021 under the heading "Risk Factors". These factors are not, and should not be construed as being exhaustive.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.

View original content to download multimedia:http://www.prnewswire.com/news-releases/denison-announces-agreement-to-acquire-50-of-jcu-canada-exploration-company-limited-from-uex-corporation-for-20-5-million-301312299.html

SOURCE Denison Mines Corp.

Vancouver, British Columbia–(Newsfile Corp. – June 15, 2021) – Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) ("Millennial" or the "Company") is pleased to announce that it has been successful in a recent Mining Court lottery hearing and was awarded priority rights over the areas covered by PPG 01 (formerly La Union), and PPG 03 (formerly Aguamarga 19) mining licenses ("minas"). The company has exercised those rights and the title transfer is in process. The two new minas are 968.7 hectares (ha) and 394.8 hectares respectively and increase the Company's landholdings at the Pastos Grandes Salar to approximately 14,091 hectares. The PPG 01 license is just north of the Pastos Grandes Salar and is of strategic importance to the Company for project infrastructure and as a potential supplemental source of fresh water.

Farhad Abasov, President and CEO, commented, "We are very pleased to have the opportunity to expand our land position at the Pastos Grandes Salar which now totals just over 14,000 hectares. The acquisition of these licenses, particularly PPG 01, allows Millennial to continue to develop and plan our Project infrastructure and it also provides the Project with the potential to expand significantly the sources of fresh water for our processing facility. Millennial is fully engaged at Pastos Grandes with pilot plant operations continuing and discussions progressing with a number of off-takers and strategic investors."

The PPG 01 mina is strategically located, contiguous with Company's Papadopolus LXXIV mina to the west and the Company's Taba PG mina to the south. While subsequent optimization of the evaporation pond design and infrastructure system as detailed in the Company's Feasibility Study (see news release dated July 29, 2019) has moved the locations of ponds positioned over part of the PPG 01 license area, nonetheless to retain multiple development options, in 2019 the Company applied for an easement for the area. The awarding of these rights to Millennial negates the need for an easement, with potential delays, and development could proceed as necessary upon acquiring project financing and the decision to commence detailed engineering and construction. Topographically PPG 01 is relatively flat and underlain by alluvial fan material consisting primarily of sand and gravel. Geophysical studies and water-well drilling of this same fan on the adjacent Papadopolus LXXIV mina encountered significant fresh water indicating there is strong potential to encounter in PPG 01 similar water quantities and of similar quality.

The PPG 03 license is located southwest of the Pastos Grandes Salar and just north of the Pozuelos Salar. Reconnaissance investigations will begin to determine if the strategically located license warrants additional exploration.

This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of the Company and a Qualified Person as that term is defined in National Instrument 43-101.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

"Farhad Abasov"

President, CEO and Director

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

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Argentina which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties, export policies or taxes in Argentina and other factors or information. The Company's current plans, expectations and intentions with respect to development of its business and of the Pastos Grandes Project may be impacted by economic uncertainties arising out of Covid-19 pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Pastos Grandes Project. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87486

$68 million¹ exploration campaign is largest in Company history following up on last year’s record level;

Programs generating meaningful new discoveries and high-return future growth opportunities

CHICAGO, Jun 15, 2021–(BUSINESS WIRE)–Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today provided an update on 2021 exploration programs at its Silvertip mine in British Columbia and Crown exploration property in Nevada. The Company highlighted new drilling results at the recently discovered Southern Silver Zone at Silvertip and at the four mineralized zones within the Crown Block – Daisy, Secret Pass, SNA and C-Horst. Through the first four months of 2021, Coeur drilled approximately 340,300 feet (103,750 meters) at six different locations – a 66% increase compared to the same period in 2020. Coeur anticipates investing $68 million¹ in exploration this year, which would make this the largest exploration campaign in Coeur’s history and over 30% higher than last year’s exploration investment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210615005189/en/

Silvertip – Plan View (Photo: Business Wire)

Key Highlights^2,3

• New Silvertip zone represents significant near-mine, high-grade resource growth potential – Underground drilling at Silvertip has discovered a new mineralized zone called the Southern Silver Zone, located adjacent to and enveloping the historic 65 Zone manto mineralization. The grade and orientation of the Southern Silver Zone suggest the opportunity for bulk mining, which has the potential to lead to improved project economics. Notable assay results include:

• Hole 65Z21-485-360-002 returned 21.0 feet (6.4 meters) of 14.4 ounces per ton ("oz/t") (493.7 grams per tonne ("g/t")) silver, 23.7% zinc and 8.7% lead

• Hole 65Z21-485-360-020 returned 19.0 feet (5.8 meters) of 6.5 oz/t (222.9 g/t) silver, 21.0% zinc and 2.8% lead

• Hole 65Z21-485-360-026 returned 21.0 feet (6.4 meters) of 18.4 oz/t (630.9 g/t) silver, 14.8% zinc and 10.5% lead, and 23.6 feet (7.2 meters) of 10.0 oz/t (342.9 g/t) silver, 11.7% zinc and 5.1% lead

• Hole 65Z21-485-DDS1-003 returned 19.0 feet (5.8 meters) of 7.8 oz/t (267.4 g/t) silver, 21.3% zinc and 3.9% lead

• Continued oxide-gold resource growth potential across all zones at Crown – New drill results at Crown demonstrate meaningful resource growth potential at the Daisy, Secret Pass, SNA and C-Horst zones. Notable assay results, from west to northeast across the zone, include:

Daisy

• Hole D20-C004 returned 135.0 feet (41.1 meters) of 0.08 oz/t (2.6 g/t) gold

• Hole D20-C006 returned 71.0 feet (21.6 meters) of 0.10 oz/t (3.5 g/t) gold, 50.0 feet (15.2 meters) of 0.05 oz/t (1.8 g/t) gold and 22.0 feet (6.7 meters) of 0.07 oz/t (2.5 g/t) gold

Secret Pass

• Hole SP20-C003 returned 275.7 feet (84.0 meters) of 0.03 oz/t (1.1 g/t) gold

• Hole SP20-C004 returned 55.0 feet (16.8 meters) of 0.13 oz/t (4.4 g/t) gold

• Hole SP20-C002 returned 139.0 feet (42.4 meters) of 0.04 oz/t (1.2 g/t) gold and 129.0 feet (39.3 meters) of 0.03 oz/t (0.9 g/t) gold

SNA

• Hole SNA20-C004 returned 32.0 feet (9.8 meters) of 0.03 oz/t (1.0 g/t) gold

C-Horst

• Hole CH21-055 returned 245.0 feet (74.7 meters) of 0.05 oz/t (1.6 g/t) gold, 65.0 feet (19.8 meters) of 0.01 oz/t (0.4 g/t) gold and 30.0 feet (9.1 meters) of 0.02 oz/t (0.6 g/t) gold

• Hole CH20-051 returned 335.0 feet (102.1 meters) of 0.03 oz/t (0.9 g/t) gold, 85.0 feet (25.9 meters) of 0.02 oz/t (0.8 g/t) gold and 100.0 feet (30.5 meters) of 0.02 oz/t (0.6 g/t) gold

"We are carrying out our most active exploration campaign in Coeur’s history with up to 22 drill rigs deployed across six sites, with positive results rolling in on a regular basis," said Hans J. Rasmussen, Coeur’s Senior Vice President of Exploration. "This update emphasizes the opportunity for growth at Silvertip and Crown, two of our most recent asset additions in top jurisdictions in-line with our strategy, both of which continue to demonstrate significant upside potential. Drilling at Silvertip continues to show promising results as demonstrated by the most recent assays from Hole 65Z21-485-360-026 at the Southern Silver Zone, which cut roughly 51 feet of massive sulfide mineralization hosted in vertically oriented breccia material. Successful results like these continue to reinforce Silvertip’s status as one of the world’s highest-grade silver-zinc-lead deposits and provide valuable data points as we work towards our goal of ending the year with a compelling business case to justify moving forward with an expansion and restart."

Mr. Rasmussen continued, "At Crown, we are just now beginning to test the true potential of most of the immense district, following the receipt of a 300-acre disturbance permit in late 2020. Importantly, we expect to receive an amended permit during the third quarter to allow us to begin step out drilling to test the growth potential of C-Horst, which was a new discovery in April of last year. We plan to complete an optimized resource and financial model for the entire district by the end of the year, which will lay the foundation for an initial economic assessment that we expect to release around mid-2022, highlighting the potential to combine and optimize a series of open pit, heap leach operations that incorporate all four of the mineralized zones within the Crown Block. Our dominant land position of approximately 35,500 net acres in southern Nevada represents a substantial organic growth opportunity for Coeur, and we are excited to continue working on a plan to develop the district."

For a complete table of all drill results, please refer to the following link: https://www.coeur.com/_resources/pdfs/2021-06-15_Exploration_Update_Appendix_-_Final.pdf. Please see the "Cautionary Statements" section for additional information regarding drill results.

Silvertip^2,3

Building on its exploration success in late 2020, Coeur began the year drilling Silvertip with five surface rigs and one underground core rig focusing on resource expansion, while also conducting infill drilling on select areas of the deposit focused on converting existing resources to reserves. Through the first four months of 2021, Coeur drilled approximately 104,400 feet (31,825 meters) compared to roughly 16,700 feet (5,100 meters) during the same period in 2020.

The Company completed an underground development drift in late 2020 to access the 65 Zone, which is located south-southeast of the original Silver Creek mine area. Shortly after drilling from the drift began, Coeur discovered the new Southern Silver Zone which has a different geometry and completely envelops the historic 65 Zone. The Southern Silver Zone represents a new style of mineralization at Silvertip – breccia-type, karst controlled, which are vertically oriented and high grade, in contrast to the horizontal manto-style mineralization in the historic 65 Zone. Intercepts from the deepest holes in the Southern Silver Zone suggest it continues to depths beyond the current drilling, which has identified roughly 1,000 vertical feet (300 meters) of mineralization. As the Company is approaching the source of mineralization, it believes that the Southern Silver Zone may be a feeder structure and other, similar structures may exist as Coeur continues to drill horizontal holes from underground.

Based on encouraging initial results, Coeur mobilized a second underground rig as well as a surface core rig to focus on expanding the Southern Silver Zone. The exploration team on site also began re-evaluating historical core logs and photos with the goal of identifying similar karst-controlled structures and testing for vertically oriented mineralization in other parts of the mine. Three-dimensional modeling of all the geological and geophysical data suggests that the Southern Silver Zone connects the Silver Creek Zone with the Discovery South Zone, representing potential for significant resource growth.

To assist in new drill targeting and gain a better understanding of the regional exploration potential around Silvertip, an airborne Sky Time-Domain Electromagnetic ("SkyTEM") geophysical survey was completed in late March. The new SkyTEM data has the ability to map resistivity features to about 1,000 feet (300 meters) below surface. Based on preliminary review of the SkyTEM data, there appear to be several features that have potential to extend the Discovery, Camp Creek, Tour Ridge and Southern Silver zones as well as the Tiger Terrace target area.

Additionally, the Company recently repurchased an existing net smelter returns royalty ("NSR") at Silvertip for $7.0 million in cash. The terms of the NSR required payment of 1.429% (plus gross up for applicable withholding taxes) of net smelter returns on the first 1,434,000 metric tonnes of mineralized material mined, and 1.00% (plus gross up for applicable withholding taxes) thereafter, from the mining lease that covers the current Silvertip mine resource base and exploration targets described in this press release.

For the remainder of 2021, Coeur expects to focus on:

• Drilling the southern and northern extensions of the Southern Silver Zone (both from underground and surface), possibly adding a third underground drill rig

• Expanding the multiple stacked massive sulfide manto horizons at the Discovery North and East zones

• Testing the extensions of the Camp Creek Zone to the north and south. To the south, the Camp Creek Zone may connect with the Tour Ridge Zone, located just over half a mile (roughly one kilometer) south and where all seven holes cut manto-style mineralization

• Drilling the first holes at Tiger Terrace where coincident geochemical and geophysical anomalies, as well as geologic setting, suggest the presence of Silvertip-style mineralization

Crown Block^2,3

The primary goal of Coeur’s 2021 exploration program at Crown is to build on the success from last year by continuing to focus on resource growth from known mineralization as well as prospective drilling on nearby targets and increasing the footprint of C-Horst, which was discovered in April 2020. Following the receipt of a 300-acre disturbance permit in late 2020, Coeur has begun drilling various targets identified over the past two years. The Company expects to receive an amendment to this permit during the third quarter to allow for drilling of mineralized extensions south of the first C-Horst drill platforms.

Three reverse circulation rigs and one core rig were active at Crown spread among the four mineralized zones (Daisy, Secret Pass, SNA and C-Horst).

Through the first four months of 2021, Coeur drilled approximately 49,400 feet (15,075 meters) at Crown compared to roughly 29,700 feet (9,050 meters) during the same period in 2020. C-Horst was the highest priority target early in the first quarter with up to three reverse circulation rigs drilling from seven permitted platforms. As the quarter progressed, the rigs were moved to other high-priority resource growth targets at Daisy, Secret Pass and SNA. The target mineralization style at Crown is disseminated, oxide-gold hosted in Cambrian to Tertiary rocks, located near the Fluorspar Canyon Fault.

Core drilling during the beginning of the year focused on Secret Pass and C-Horst, which has been useful to identify clay alteration, mineralization textures and fault zones associated with gold mineralization – all of which are not easily visible in the reverse circulation chips. The Company is now studying core samples from all four mineralized zones for metallurgy.

At SNA, step out drilling has discovered a new mineralized zone to the southeast of the original resource. Mineralization was exposed on surface during initial drill pad preparation. Five new drill holes were completed to test the zone, with assays currently pending.

Since SNA is located approximately five miles (eight kilometers) north of the permitted Sterling mine, the geologic team is mapping and sampling the area between SNA and Sterling where there are thought to be multiple drill targets, including historic mines (e.g., Diamond Queen, Goldspar and Mary).

Internal resource and mine modeling have begun focusing on a phased approach to mine the entire district, starting with the shallow resources at SNA and Secret Pass, followed by Daisy and C-Horst.

The Company plans to create an optimized resource and financial model for Crown by the end of the year, which is expected to be the basis for an initial economic assessment that Coeur plans to release around mid-2022.

Coeur expects to have three to four drill rigs focused on Crown for the remainder of 2021, conducting metallurgical core and resource expansion drilling in and around all four of the mineralized zones. Once Coeur receives its amended permit, the Company plans to transition its focus on continuing to grow C-Horst to the south toward SNA.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, the Company has interests in several precious metals exploration projects throughout North America.

Cautionary Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding exploration efforts and plans, exploration expenditures, timing of permitting, drill results, growth, extended mine lives, grade, thickness, investments, mine expansion and development plans, expectations regarding Silvertip and the Crown project and resource delineation, expansion, and upgrade or conversion. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated additions or upgrades to reserves and resources are not attained, the risk that planned drilling programs may be curtailed or canceled due to budget constraints or other reasons, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold, silver, zinc and lead and a sustained lower price environment, the uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns), ground conditions, grade variability, any future labor disputes or work stoppages, the uncertainties inherent in the estimation of mineral reserves, the potential effects of the COVID-19 pandemic, including impacts to the availability of our workforce, continued access to financing sources, government orders that may require temporary suspension of operations at one or more of our sites and effects on our suppliers or the refiners and smelters to whom the Company markets its production, changes that could result from Coeur’s future acquisition of new mining properties or businesses, the loss of any third-party smelter to which Coeur markets its production, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.

Christopher Pascoe, Coeur’s Director, Technical Services and a qualified person under Canadian National Instrument 43-101, approved the scientific and technical information concerning Coeur’s mineral projects in this news release. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, Canadian investors should refer to the Technical Reports for each of Coeur’s properties as filed on SEDAR at www.sedar.com.

Notes

The potential quantity and grade for the deposits described herein are conceptual in nature. There is insufficient exploratory work to define a mineral resource and it is uncertain if further exploration will result in the applicable target being delineated as a mineral resource.

1. Reflects midpoint of guidance as published by Coeur on April 28, 2021.

2. For a complete table of all drill results included in this release, please refer to the following link:
   https://www.coeur.com/_resources/pdfs/2021-06-15_Exploration_Update_Appendix_-_Final.pdf.

3. Rounding of grades, to significant figures, may result in apparent differences.

Conversion Table

View source version on businesswire.com: https://www.businesswire.com/news/home/20210615005189/en/

Contacts

Coeur Mining, Inc.
104 S. Michigan Avenue, Suite 900
Chicago, Illinois 60603
Attention: Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com

Vancouver, British Columbia–(Newsfile Corp. – June 15, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOLF) (the "Company" or "Contact Gold") is pleased to announce the drilling of a new gold discovery at its Green Springs gold project in White Pine County, Nevada.

Drill Highlights:

• 0.55 g/t oxide Au over 54.86 m in drill hole GS21-31, from a depth of 19.81 metres, including 1.34 g/t Au over 3.05 m

• 1.01 g/t oxide Au over 13.72 m in drill hole GS21-32 from a depth of 24.38 metres, including 2.71 g/t Au over 3.05 m

• 0.87 g/t oxide Au over 13.72 m in drill hole GS21-27 from a depth of 15.24 metres, including 1.5 g/t Au over 4.57 m

Key Points:

• New gold discovery made at the Tango Target in the northern portion of Green Springs

• Tango represents a step out of over 500 metres from the next closest drill holes at the Alpha Zone (see news release dated April 14, 2021), and remains open for expansion, particularly to the south and west

• An additional 15 drill holes drilled at the Tango Target all intercepted intervals of near surface, oxidized gold mineralization over an area of 250 x 500 metres

• Tango was identified by soil and rock geochemical sampling and was never before drilled; all holes drilled by Contact Gold at Tango intersected significant gold mineralization

• Road cut sampling and additional detailed mapping are underway to refine targeting ahead of the next phase of drilling

• Contact Gold has staked an additional 18 claims to the north of the Tango discovery, covering 15.5 Hectares or 36 Acres of prospective ground

"We are ecstatic to have discovered a large new zone of oxidized gold mineralization at Green Springs. Opportunities to generate and drill shallow, new targets that result in new discoveries are becoming increasingly rare in Nevada, especially on the major gold trends," said Matt Lennox-King, President & CEO of Contact Gold. "The Tango discovery, with its large surface footprint, strong oxide grades and thicknesses is a testament to the quality of targets that Vance Spalding, Contact Gold's Vice President of Exploration and his team have generated at Green Springs. We are excited to get back on the ground at Tango and continue growing this exciting new discovery. In the meantime, we are excited to receive results from the newly drilled connector zone, which are the first ever holes into a 500-metre gap between the Mine Trend and Alpha Zone."

The Tango Discovery:

Tango is located 500 metres to the NE of the Alpha Zone, and represents an entirely new gold zone.

• Tango is hosted at the Devonian limestone/shale contact, host to Kinross's 1.5 Moz Alligator Ridge/Vantage and Saga deposits at the Bald Mountain mine 40 km to the north

• The Devonian limestone/shale host at Tango and Alpha is underexplored at Green Springs where it underlies the Mississippian limestone/shale contact that was previously exploited along the mine trend

• Gold mineralization at Tango is mostly hosted within decalcified and variably oxidized and silicified Pilot Shale with minor mineralization in collapse breccia of the underlying Guilmette limestone

• Northwest and North-South striking, high angle faults control the gold mineralization at Tango

• Tango is open for expansion, particularly to the south and west

• Road cut sampling and detailed mapping of the Tango drill road are underway to collect the necessary data to plan the 2^nd phase drill program

Contact Gold began the 2021 Green Springs drill program in late February and completed 58 drill holes totalling 7,511 meters. Assays are pending for 36 drill holes, including from the Mine Trend and Connector Target between the Mine Trend and Alpha Zone.

Figure 1 – Plan map of the new Tango discovery, northeast of the Alpha Zone and Mine Trend

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5350/87554_Tango%20Plan%20Map.jpg

Figure 2 – Plan map of the Tango Target showing discovery drill holes

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5350/87554_Tango%20Detailed%20Map.jpg

2021 Green Springs drill hole results from this news release:

Figure 3 – Drone photo of the Tango discovery and holes 31 and 32

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/5350/87554_Tango%20Drone%20Shot.jpg

Figure 4 – Cross section through Green Springs holes 31 and 32

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/5350/87554_Tango%20Section%2031%2032.jpg

About the Green Springs Project:

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada, east of Fiore Gold's Pan Mine and Gold Rock Project and south of Waterton's Mount Hamilton deposit. The Green Springs property is 18.65 km² encompassing 3 shallow past producing open pits and numerous targets that were not mined.

Contact Gold signed a purchase option agreement with Ely Gold Royalties ("Ely Gold") to acquire an undivided 100% interest in Green Springs in July 2019. Green Springs is an early-stage exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"). There has been insufficient exploration to define a mineral resource estimate at Green Springs. Additional information about Green Springs is summarized in the NI 43-101 Technical Report entitled "NI 43-101 Technical Report for the Green Springs Project, White Pine County, Nevada, USA" prepared for Contact Gold, with an effective date of June 12, 2020, and dated August 5, 2020, as prepared by John J. Read, C.P.G; an independent consultant and qualified person under NI 43-101, and can be viewed under Contact Gold's issuer profile on SEDAR at www.sedar.com.

The scientific and technical information contained in this news release has been reviewed and approved by Vance Spalding, CPG, VP Exploration, Contact Gold, who is a "qualified person" within the meaning of NI 43-101. Drill intercepts were calculated using a minimum thickness of 3.05 metres averaging 0.14 ppm gold and allowing inclusion of up to 4.57 metres of material averaging less than 0.14 ppm gold for low grade intervals and higher-grade intervals were calculated using a minimum thickness of 3.05 metres averaging 1.00 ppm gold and allowing inclusion of up to 4.57 metres of assays averaging less than 1.00 ppm gold. Gravimetric assays are used for all Fire Assays above 4.00 ppm gold. Cyanide solubility assays are completed on all Fire Assays greater than 0.1 g/t. True width of drilled mineralization is unknown, but owing to the apparent flat lying nature of mineralization, is estimated to generally be at least 70% of drilled thickness in most cases. The Cyanide recovery percentages are equally averaged by interval, and are not weighted by gold content per interval. Quality Assurance / Quality Control consists of regular insertion of certified reference standards, blanks, and duplicates. All failures are followed up and resolved whenever possible with additional investigation whenever such an event occurs. All assays are completed at Paragon; an ISO 17025:2005 accredited lab. Check assays are completed at a second, reputable assay lab after the program is complete.

About Contact Gold Corp.

Contact Gold is an exploration company focused on making district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are on the prolific Carlin and Cortez gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 140 km² of target rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage.

Additional information about the Company is available at www.contactgold.com.
For more information, please contact: +1 (604) 449-3361
John Glanville – Director Investor Relations
Chris Pennimpede – VP, Corporate Development
E-mail: info@ContactGold.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to the anticipated exploration activities of the Company on the Green Springs property.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: impacts arising from the global disruption by the Covid-19 coronavirus outbreak; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87554

The Mosaic Company MOS recently announced its sales volumes and revenues for May 2021 by business unit.

The Potash Segment recorded sales volume of 891,000 tons in May, up 10% from 810,000 tons in the year-ago period. Sales revenues were $246 million, up around 40% from $176 million in the prior-year period.

The Mosaic Fertilizantes segment witnessed a roughly 9% decline in sales volume to 790,000 tons from 870,000 tons last year. Sales revenues increased around 30% to $336 million from $259 million recorded last year.

The Phosphates segment recorded sales volume of 553,000 tons, down around 9% from 608,000 tons in 2020. Sales revenues in the segment were $327 million, up around 53% year over year.

Shares of Mosaic have gained 142.9% in the past year compared with 80.4% rise of the industry.

Image Source: Zacks Investment Research

The company, in its last earnings call, noted that it expects strong fundamental trends witnessed in the last three quarters to continue through 2021. Strong crop demand, affordable inputs and favorable weather indicate strong grower economics.

Chinese phosphate exports are expected to remain low in 2021 due to high domestic demand and recent industry restructuring limit supplies available for export.

The company projects $80-$90 per ton improvement in realized prices in the Phosphates segment, sequentially, in the second quarter. In the Potash segment, $20-$30 per ton improvement in realized prices is expected in the second quarter.

The Mosaic Company Price and Consensus

The Mosaic Company price-consensus-chart | The Mosaic Company Quote

Zacks Rank & Key Picks

Mosaic currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, Olin Corporation OLN and Cabot Corporation CBT.

Nucor has a projected earnings growth rate of around 260% for the current year. The company’s shares have surged 130.3% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Olin has an expected earnings growth rate of around 506.7% for the current year. The company’s shares have skyrocketed 264% in the past year. It currently sports a Zacks Rank #1.

Cabot has an expected earnings growth rate of around 126% for the current fiscal. The company’s shares have surged 59.9% in the past year. It currently carries a Zacks Rank #1.

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• Focus on delineating and extending the high-grade silver trend which produced several grab samples in excess of a kilogram per tonne of silver.

• Detailed review of geophysics, combined with mapping and additional sampling, to be conducted.

• Developing a better geological understanding of the potential of this well-mineralized area.

Vancouver, British Columbia–(Newsfile Corp. – June 15, 2021) – Mountain Boy Minerals Ltd. (TSXV: MTB) (OTCQB: MBYMF) (FSE: M9UA) ("Mountain Boy" or the "Company") is pleased to report that the upcoming exploration program on the Theia project is intended to define drill targets in multiple areas on the property. The exploration program will include re-interpretation of previous geophysics, detailed mapping and sampling, as well as channel sampling.

The 9,028-hectare Theia property is located in the Golden Triangle of British Columbia, 30 km east-southeast of Stewart, BC and 15 km north of the historic Dolly Varden silver mine. There are logging roads within 10 km of the eastern boundary of the claims and the proposed Homestake Ridge Road is 12 km to the west.

Theia shares a southern claim boundary with Hecla Mining Company's ("Hecla") Kinskuch property, which according to Hecla's website (https://www.hecla-mining.com/kinskuch/) hosts potential for the discovery of epithermal silver-gold, gold-rich porphyry and volcanogenic massive sulfide (VMS) deposits. Teuton Resources Corp's Konkin Silver property shares a northern claim boundary, where two gold target areas have been defined (http://teuton.com/properties/konkin-silver-property).

Field work by Mountain Boy in 2020 followed up on the high-grade silver occurrences that were identified in the 1990's on the western part of the project as part of a reconnaissance program looking for gold. Since that time, extensive glacial retreat has opened up areas that have not previously been explored. The Mountain Boy geological team confirmed the historic occurrences and extended the mineralized trend to 500 meters. Recent grab samples include the following:

• 39 kg/t silver, 3.45 g/t gold, 45.8% lead,1.25% copper, 2.57% zinc.

• 1.68 kg/t silver, 3.46 % lead, and 2.7% zinc.

(The reader is cautioned that grab samples are selective by nature and may not represent the true mineralization on the property).

The area covered by the present Theia property was first explored in the 1960s by a unit of Kennecott as a copper and molybdenum porphyry prospect. Subsequent work by Bond Gold in the 1990's identified precious and base metal mineralization. The property hosts a variety of styles of mineralization, including several stages of quartz veining and associated vein style mineralization, local sulphide rich breccia zones, local disseminated sulphides associated with veins, dykes and intrusions, and shear hosted precious metals.

This year's program is intended to develop a more comprehensive geological understanding of the several styles and areas of mineralization through detailed mapping and sampling and to develop potential drill targets. The following table highlights some of the surface sample results from the 1994 and 2020 programs (see News Release March 8^th, 2021).

The technical disclosure in this release has been read and approved by Andrew Wilkins, B.Sc., P.Geo., a qualified person as defined in National Instrument 43-101.

About Mountain Boy Minerals

Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.

1. The flagship American Creek project is centered on the historic Mountain Boy silver mine and is just north of the past producing Red Cliff gold and copper mine (in which the Company holds an interest). The American Creek project is road accessible and 20 km from the deep-water port of Stewart.

2. On the BA property, 178 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway.

3. Surprise Creek is interpreted to be hosted by the same prospective stratigraphy as the BA property and hosts multiple occurrences of silver, gold and base metals.

4. On the Theia project, work by Mountain Boy and previous explorers has outlined a silver bearing mineralized trend 500 meters long, highlighted by a recent grab sample that returned 39 kg per tonne silver (1,100 ounces per ton).

5. Southmore is located in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s, and largely overlooked until Mountain Boy consolidated the property and confirmed the presence of multiple occurrences of gold, copper, lead and zinc.

6. The Telegraph project, covering 23,600 hectares, has a similar geological setting to major gold and copper-gold deposits in the Golden Triangle.

Mountain Boy is funded for the coming field season and plans to advance these projects, including drilling on select targets.

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Nancy Curry
VP Corporate Development
(604) 220-2971

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that 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 the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87567

Silver futures for July 2021 delivery closed at $28.04 an ounce on Jun 14, gaining 5% so far this year. Annual inflation rate in the United States advanced to 5% in May 2021 from 4.2% in April — above market expectation of 4.7%. Notably, this marked the highest level since August 2008, reflecting the ongoing economic recovery and low base effects due to the pandemic last year.

So far this year, silver prices have averaged around $26.60 per ounce. According to the Silver Institute, silver prices will average around $27.30 this year, registering an impressive 33% year-over-year increase. It anticipates silver prices to reach $32 later in the year. Notably, earlier in February, the white metal had peaked to $31 an ounce — crossing the $30 threshold for the first time since 2013.

Factors Likely to Drive the Silver Rally

Silver’s performance will primarily be driven by demand and supply imbalance. The white metal is benefiting from its safe haven demand, varied industrial use and growing focus on silver-consuming green energy applications. The Silver Institute projects silver demand to grow 15% this year. Major part of the increase will be driven by investment demand, which is expected to go up 26% to 252.8 million ounces (Moz) — the highest level since 2015.

Industrial demand is expected to log year-over-year growth of 8% and hit a record high of 524 Moz, courtesy of reopening of economies and investment in green energy solutions. Surging sales of electric vehicles will also support silver demand. Jewelry fabrication is forecast to increase 24% in 2021 to 184.4 Moz driven by an economic recovery.

Meanwhile, total silver supply is expected to be up 8% this year to 1,056.3 Moz. After being severely impacted by coronavirus-related mine closures last year, mine production is expected to bounce back in 2021 with a projected year-over-year growth of 8.2% to 848.5 Moz with the biggest comebacks from Mexico, Peru and Bolivia. Mexico, particularly is expected to log strong numbers as new projects, such as Cerro Los Gatos, Juanicipio and Capela, ramp-up production rates. Recycling activity is anticipated to higher owing to higher silver prices. Thus, it is apparent that silver is headed for a deficit this year, which will prop up prices.

The long-term outlook for silver remains solid. Given numerous industrial applications for silver, particularly those pertaining to “green” technologies and 5G will continue to support demand for silver in years to come. Demand for silver in solar photovoltaic (PV) cells is surging as countries move toward adopting renewable energy sources. The Silver Institute estimates silver demanded from 5G to more than double to around 16Moz by 2025. By 2030, it will require around 23Moz — a 206% increase from current levels.

In the automobile industry, demand for silver will rise to 88 Moz in five years as the transition from traditional cars and trucks to EVs accelerates. Charging points and charging stations will also call for a massive amount of silver. Silver demand for “printed and flexible electronics” will grow 54% over the next nine years. Overall, with more countries now focusing on lowering carbon emissions, they will need more silver for electric vehicles, charging stations and 5G, and cables connecting new wind turbines and solar farms to the grid.
 

Image Source: Zacks Investment Research

In a year’s time, the Mining – Silver industry has rallied 59.4%, outperforming the S&P 500’s rally of 40.6%. The industry falls under the broader Basic Materials sector, which gained 54.8% in the same time frame.

4 Silver Stocks to Watch

Fresnillo plc FNLPF: The Mexico-based company primarily explores for silver, gold, lead, and zinc concentrates. Its flagship project is Fresnillo silver mine located in the state of Zacatecas.

The company is investing in a number of projects to increase production and ensure steady growth in future years. Focus on improving operational performance and enhancing efficiency is expected to result in lower costs. Its high quality assets, ample mineral resources, competitive margins and disciplined approach to development will continue to drive growth.

The Zacks Consensus Estimate for the company’s current-year earnings indicates year-over-year growth of 87.5%. The estimates have also moved up 3.7% in 90 days’ time. The company’s shares have gained 27.9% in the past year. It currently carries a Zacks Rank #3 (Hold).

Hecla Mining Company HL: This Coeur d'Alene, ID-based company, together with its subsidiaries discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally.

The company has a diverse asset portfolio in mining friendly jurisdictions. It boasts two of the largest silver mines in the world and two highest-grade large silver mines. It is pursuing acquisition opportunities to complement existing portfolio. The company currently produces about one-third of the silver mined in the United States. This is expected to grow as Lucky Friday Mine in Idaho ramps up. The mine’s production is expected to double again in 2021 and 60% more within four years. The company is also one of the lowest-cost U.S. silver producers.

The Zacks Consensus Estimate for earnings for fiscal 2021 indicates year-over-year improvement of 375%. The estimate has been revised upward by 1.4% over the past 90 days. Shares of the company have soared 186.6% over the past year. The company currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Buenaventura Mining Company Inc. BVN: Based in Lima, Peru, the company engages in exploration, mining, and processing of gold, silver, lead, zinc, and copper metals in Peru, the United States, Europe, and Asia. It currently operates several mines in Peru — Orcopampa, Uchucchacua, Julcani, El Brocal, La Zanja and Coimolache, and is developing the Tambomayo project.

The company is well-poised for growth, backed by its solid capital structure with ample liquidity and a portfolio of base and precious metals. The company has embarked on a debottlenecking program to reduce costs at its direct operation mines. The program has driven impressive results in Tambomayo, where the company simplified the metallurgical process and optimized mine preparation. In Uchucchacua, it has improved efficiency in the underground mine. At El Brocal, it has increased production driven by operational improvements. Overall, the program has resulted in significant cost savings in each of its mines.

The Zacks Consensus Estimate for the company’s current-year earnings indicates year-over-year growth of 244%. The estimates have gone up 1.4% over the past 90 days. The company’s shares have appreciated 21.4% in the past year. It currently carries a Zacks Rank #3.

Alexco Resource Corp. AXU: Headquartered in Vancouver, Canada, Alexco Resource operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory — one of the highest-grade silver deposits in the world. The company is currently advancing Keno Hill to production and started concentrate production and shipments in the first quarter of 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates at an average all-in sustaining cost of $11.59 per ounce. Keno Hill has significant potential to grow and Alexco Resource has a long history of expanding the operation's mineral resources through successful exploration.

The Zacks Consensus Estimate for the company’s fiscal 2021 earnings suggests year-over-year improvement of 220%. The estimate has been revised upward by 33% over the past 90 days. Its shares have appreciated 35.3% in a year’s time. The stock has a Zacks Rank #3.

 

Image Source: Zacks Investment Research

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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Fresnillo PLC (FNLPF) : Free Stock Analysis Report

Hecla Mining Company (HL) : Free Stock Analysis Report

Buenaventura Mining Company Inc. (BVN) : Free Stock Analysis Report

Alexco Resource Corp (AXU) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Cabot Corporation’s CBT shares have shot up 45% over the past six months. The company has also outperformed its industry’s rise of 20% over the same time frame. Moreover, it has topped the S&P 500’s 16.5% rise over the same period.

Let’s take a look into the factors behind this Zacks Rank #1 (Strong Buy) stock’s price appreciation.

Image Source: Zacks Investment Research

What’s Favoring CBT?

Strong earnings performance in the second quarter of fiscal 2021 and upbeat prospects have contributed to the rally in the company's shares. Cabot’s adjusted earnings and sales for the fiscal second quarter rose year over year and also surpassed the respective Zacks Consensus Estimate.

The company gained from strength in volumes in all regions and favorable pricing in the Reinforcement Materials segment in the fiscal second quarter. Its Performance Chemicals segment also benefited from higher volumes and improved product mix, courtesy of higher sales in automotive applications.

Cabot, in its second-quarter call, stated that it expects continued demand strength across all its segments in the second half of the fiscal. The company envisions volumes to remain strong through the second half.

Cabot should gain from a recovery in demand from its automotive and tire customers from the pandemic-led slowdown, its disciplined execution of operations and targeted growth initiatives. The company saw strong volumes in the tire and automotive markets in the fiscal second quarter on the back of continued global recovery. Passenger car miles driven and automotive builds have improved while strong truck miles driven is driving the replacement tire market. The company is also benefiting from strength in infrastructure, packaging and consumer-driven applications.

Earnings estimates for Cabot have also been going up over the past two months. The Zacks Consensus Estimate for fiscal 2021 has increased around 17.2% while the same for third-quarter fiscal 2021 has gone up 14.9%. The favorable estimate revisions instill investor confidence in the stock.

Cabot Corporation Price and Consensus

Cabot Corporation price-consensus-chart | Cabot Corporation Quote

Stocks to Consider

Other top-ranked stocks worth considering in the basic materials space include Univar Solutions Inc. UNVR, Nucor Corporation NUE and Impala Platinum Holdings Limited IMPUY.

Univar has a projected earnings growth rate of roughly 35.2% for the current year. The company’s shares have rallied around 53% in a year. It currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Nucor has a projected earnings growth rate of 259.9% for the current year. The company’s shares have surged around 130% in a year. It currently sports a Zacks Rank #1.

Impala Platinum has an expected earnings growth rate of 225.2% for the current fiscal. The company’s shares have surged around 162% in the past year. It currently carries a Zacks Rank #2 (Buy).

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nucor Corporation (NUE) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

Impala Platinum Holdings Ltd. (IMPUY) : Free Stock Analysis Report

Univar Solutions Inc. (UNVR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

For Immediate Release

Chicago, IL – June 15, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bluerock Residential Growth REIT, Inc. BRG, J & J Snack Foods Corp. JJSF, US Foods Holding Corp. USFD, Archer-Daniels-Midland Company ADM and Comstock Mining Inc. LODE.

Here are highlights from Monday’s Analyst Blog:

Hot US Inflation a Boon for These 5 Stocks

Consumer prices are back in the news, with the pace of inflation touching a 13-year high last month as the U.S. economy recoups from the coronavirus-led drubbing it took last year. Per the Labor Department, as cited in a CNBC article, the consumer price index (CPI) that generally includes groceries, energy and housing costs, to name a few, jumped 5% in May from the same period a year ago. As surveyed by Dow Jones, economists had expected inflation to climb 4.7%, added the CNBC article.

Consumer prices, in fact, notched the biggest gain since the 5.3% jump in August 2008, which was just before the financial crisis that pushed the U.S. economy into a recession, the CNBC article further stated. Nonetheless, a record increase in prices of used vehicles including cars and trucks was primarily responsible for pushing the inflation rate higher last month.

The cost of food and groceries has picked up and most likely, the increase in cost will be passed on to consumers. Energy prices, by the way, have been bumping up inflation for quite some time but now, rent prices have also gone up. Rent prices, in particular, increased 0.2% last month, the largest uptick in more than a year, as mentioned in a MarketWatch article.

Prices actually increased across all sectors, thanks to the reopening of the U.S. economy and a considerable increase in the pace of vaccination. Notably, the government's massive stimulus measures and checks to millions of Americans pepped up the coronavirus-marred economy. Meanwhile, household furnishing cost, hotel cost and airline tickets continued to rise.

Thus, with the cost of living going up, returns get affected, something that doesn't bode well for investors. Another risk is that the Fed may hike rates in an inflationary environment, which tends to drag equities down.

In particular, growth stocks tend to get affected the most as inflation does have an impact on future cash flows. However, from an investment perspective, there are stocks that in reality benefit from a rise in inflation, which at present should be enticing enough for investors to watch out for.

Real estate, in particular, gains from a rise in inflation. Property prices tend to increase with rising inflation. Additionally, as property prices rise, rent increases, thereby resulting in higher rental income. In fact, as earlier mentioned, rent prices have already increased in May. Now, the best way to invest in real estate is through real estate investment trust (REIT).

Similarly, companies that are part of the consumer staples sector have pricing power or in other words, they can raise their prices with inflation, unlike other sectors. So, they comparatively stand to benefit from a rise in inflation.

Last but not least, gold doesn't lose value at times of higher inflation. In fact, demand for gold increases when inflation rises. By the way, gold can be invested by buying gold mining stocks. We have, hence, highlighted five noteworthy stocks from the aforesaid areas that stand to gain from a rise in inflation. These stocks currently flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).

Bluerock Residential Growth REIT operates as a real estate investment trust. It acquires apartment properties in demographically attractive growth markets throughout the United States. The company currently has a Zacks Rank #2. The company's expected earnings growth rate for the next quarter and year is 6.3% and 17.9%, respectively.

J & J Snack Foods is an American manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. The company currently has a Zacks Rank #1. The company's expected earnings growth rate for the current year is 113.5%. You can see the complete list of today's Zacks #1 Rank stocks here.

US Foods Holding is a foodservice distributor. The company currently has a Zacks Rank #1. The company's expected earnings growth rate for the current year is 1,677.8%.

Archer-Daniels-Midland Co. is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. The company currently has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 25.9%.

Comstock Mining, formerly known as GoldSpring, Inc., is a North American precious metals mining company, focused in Nevada, with property in the Comstock Lode District. The company currently has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 1,050%.

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Zacks Investment Research

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
 
Bluerock Residential Growth REIT, Inc. (BRG) : Free Stock Analysis Report
 
J & J Snack Foods Corp. (JJSF) : Free Stock Analysis Report
 
Comstock Mining, Inc. (LODE) : Free Stock Analysis Report
 
US Foods Holding Corp. (USFD) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

ENDEAVOUR ANNOUNCES CONTINUATION OF SHARE REPURCHASE PROGRAMME UNDER NEW PARENT COMPANY

London, 15 June 2021 – Endeavour Mining plc (TSX: EDV, LSE: EDV, OTCQX: EDVMF) (“Endeavour”) announces that it will continue the share repurchase programme announced by Endeavour Mining Corporation (“EMC”) on 18 March 2021 for up to 5% of its total issued and outstanding shares (the "Programme").

The Programme is a continuation of the Normal Course Issuer Bid (“NCIB”) programme of EMC, pursuant to which 2,246,503 shares of EMC have been repurchased and cancelled to date, equivalent to CAD 64 million (approximately US$53 million). The continuation of the Programme from June 15, 2021 will be effected in accordance with the terms of the authority granted by the pre-Scheme shareholder of the Company, as described in Endeavour’s prospectus dated 9 June 2021.

The maximum number of shares that may be repurchased by the Company under the Programme is 9,926,368, being the remaining capacity under the NCIB programme after deducting the 2,246,503 shares of EMC purchased prior to the Scheme becoming effective. The Programme will cease on 21 March 2022. Endeavour intends that shares purchased under the Programme will subsequently be cancelled. Any share repurchases will be effected in accordance with Chapter 12 of the Listing Rules and the EU Market Abuse Regulation 596/2014. The market will be notified in accordance with those rules if and when purchases are made.

Endeavour has entered into an agreement with Stifel Nicolaus Europe Limited (“Stifel”) to conduct purchases of shares pursuant to the Programme. Stifel intends to instruct Stifel Nicolaus Canada Inc. as its agent to conduct purchases of shares on the Toronto Stock Exchange. Endeavour may expand the Programme to repurchase shares on the London Stock Exchange in the future or enter into further agreements with Stifel to conduct the Programme on its behalf, and to make trading decisions concerning the timing of purchases under the Programme, independently of Endeavour, to allow for share repurchases at times when Endeavour is subject to regulatory restrictions or self-imposed trading blackouts.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING PLC

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

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

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s expectations regarding the benefits of a premium listing in the UK with shares traded on the LSE including deeper access to a diverse investor pool with strong understanding of its key operating jurisdictions across West Africa and increased demand for its shares on the assumption that it will qualify for inclusion in the FTSE UK Index Series as well as the MSCI Europe Index, Endeavour’s ability to create sustainable shareholder value over the long term, the potential for continued or future dividends, the approval of the proposed Admission by the FCA and the LSE and the expected timing of the FCA’s approval of Admission; and admission to listing and posting for trading on the Toronto Stock Exchange.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in the business of Endeavour and market conditions.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s annual information form for the financial year ended December 31, 2020 and financial statements and related MD&A for the financial year ended December 31, 2020 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

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

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

Attachment

• 210615 – NR – LSE Buyback

Conference call to be held on Aug. 5, 2021, at 9:00 a.m. ET

CHARLOTTE, N.C., June 15, 2021 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its second-quarter 2021 earnings after the NYSE closes on Wednesday, Aug. 4, 2021.

The company will hold its conference call to discuss second-quarter 2021 results on Thursday, Aug. 5, at 9:00 a.m. ET. This call will be webcast and can be accessed through Albemarle Corporation's website at https://investors.albemarle.com/, via the webcast link below or by phone at the following number:

To avoid registration wait times, participants are encouraged to use the webcast link as the primary listening source. If a caller anticipates asking a question, please dial in 15 minutes before the start of the call to be placed in the queue early.

An online replay of this call will be available on Albemarle Corporation's website (for 12 months) and by phone at the following number (for 7 days):

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

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

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.

View original content to download multimedia:http://www.prnewswire.com/news-releases/albemarle-corporation-to-release-second-quarter-2021-earnings-results-on-wednesday-aug-4-2021-301313058.html

SOURCE Albemarle Corporation

OTTAWA, ON, June 15, 2021 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to provide an update on the third phase of drilling at its Shot Rock Gold Project ("Shot Rock") in Nova Scotia and progress on the geophysical survey at Root & Cellar ("Root & Cellar" or the "Property") in Newfoundland.

Update on Shot Rock

To date, eight diamond drill holes, 20SR-17 through 20SR-24, have been completed in the Phase 3 drilling program (see Figure 1), totalling just over 3,400 metres. The first four drill-holes were located at the base of the hill in the Highway Zone and although visually prospective quartz veins were intersected (Figure 2a), these were only weakly anomalous in gold. The four drill-holes drilled from the top of the hill intersected abundant crustiform-colloform banded quartz-adularia-pyrite veins (Figure 2b-2c) but were only moderately anomalous in gold with a high of 1.8 g/t Au over 0.8 metres in hole 21SR-21. Twenty-three other samples from these four drill-holes assayed greater than 0.1 g/t Au. A table of assays can be found on the Companies website.

"The complexity of the Highway Zone is proving challenging and I think the next phase of drilling at Shot Rock will likely focus on the Middle Zone, which appears to be more linear and where the higher surface grades are found. However, our priority now is to implement a diamond drill program at Root & Cellar in Newfoundland as soon as possible: the ground IP and resistivity geophysical survey at Root & Cellar is nearly complete and preliminary results from the field look very promising. The raw results suggest that the Conquest Zone continues down-dip to the south and along strike to the east. A parallel chargeability anomaly 200 meters north of Conquest coincides with the location of boulders uncovered by the prospector which assayed up to 26 g/t Au."

– Northern Shield President and CEO, Ian Bliss

Update on Root and Cellar

Approximately three-quarters of the Spectral IP (Induced Polarization) and Resistivity survey has been completed at Root & Cellar. The survey covers the Conquest Zone and the recently discovered Windfall Zone. The results will be used to guide drill-testing of these two zones later this summer. The Company can earn a 100% interest in the Property which is being explored for epithermal gold-silver mineralization and porphyry copper deposits.

Preliminary review of the raw sections shows several IP targets of interest (Figure 3). This includes a chargeability anomaly that is observed on six lines for a strike-length of over 500 meters and coincides with the location of the Conquest trench where channel samples have assayed up to 45 g/t Au. The eastern end of this linear IP target intersects a broad zone of moderately strong chargeability at depth on the last line of the grid at may suggest the accumulation of disseminated sulphides at a geologic contact at this location. Of significance too is a 300 meter long IP anomaly, located 200 meters north of Conquest, that coincides with multiple strong gold in soil anomalies and several gold-bearing boulders with up to 26 g/t Au.

The drilling program at Shot Rock was contracted to Logan Drilling Group based in Stewiacke, Nova Scotia, and is overseen by Christine Vaillancourt, P. Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Global in Vancouver, BC, for Au by Fire Assay and multi-elements by four acid digestion and ICP-AES. All standards and duplicates by ALS Global meet targeted values.

The geophysical survey program at Root & Cellar was contracted to Clearview Geophysics of Brampton, Ontario, and is being overseen by Joe Mihelcic, P. Geo. and a qualified person under NI 43-101. This press release has also been reviewed by Christine Vaillancourt, P. Geo., the Company's Chief Geologist.

Northern Shield Resources Inc. is a Canadian-based company focused on generating high-quality exploration programs with experience in many geological terranes. It is known as a leader in executing grass roots exploration programs using a model driven approach. Seabourne Resources Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related deposits in Atlantic Canada.

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Shot Rock and Root & Cellar properties in Atlantic Canada, geological, and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward–looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward–looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/15/c4078.html

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies Lundin Mining Corporation (TSE:LUN) makes use of debt. But the real question is whether this debt is making the company risky.

Why Does Debt Bring Risk?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. If things get really bad, the lenders can take control of the business. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Having said that, the most common situation is where a company manages its debt reasonably well – and to its own advantage. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

View our latest analysis for Lundin Mining

How Much Debt Does Lundin Mining Carry?

You can click the graphic below for the historical numbers, but it shows that Lundin Mining had US$155.9m of debt in March 2021, down from US$442.2m, one year before. However, its balance sheet shows it holds US$181.3m in cash, so it actually has US$25.5m net cash.

How Healthy Is Lundin Mining's Balance Sheet?

The latest balance sheet data shows that Lundin Mining had liabilities of US$602.6m due within a year, and liabilities of US$1.91b falling due after that. Offsetting this, it had US$181.3m in cash and US$503.4m in receivables that were due within 12 months. So its liabilities total US$1.83b more than the combination of its cash and short-term receivables.

While this might seem like a lot, it is not so bad since Lundin Mining has a market capitalization of US$7.76b, and so it could probably strengthen its balance sheet by raising capital if it needed to. But it's clear that we should definitely closely examine whether it can manage its debt without dilution. While it does have liabilities worth noting, Lundin Mining also has more cash than debt, so we're pretty confident it can manage its debt safely.

Even more impressive was the fact that Lundin Mining grew its EBIT by 349% over twelve months. If maintained that growth will make the debt even more manageable in the years ahead. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately the future profitability of the business will decide if Lundin Mining can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.

Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. Lundin Mining may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. Considering the last three years, Lundin Mining actually recorded a cash outflow, overall. Debt is far more risky for companies with unreliable free cash flow, so shareholders should be hoping that the past expenditure will produce free cash flow in the future.

Summing up

Although Lundin Mining's balance sheet isn't particularly strong, due to the total liabilities, it is clearly positive to see that it has net cash of US$25.5m. And it impressed us with its EBIT growth of 349% over the last year. So we don't have any problem with Lundin Mining's use of debt. There's no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet. For example – Lundin Mining has 2 warning signs we think you should be aware of.

At the end of the day, it's often better to focus on companies that are free from net debt. You can access our special list of such companies (all with a track record of profit growth). It's free.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

Investors might want an inflation hedge, and these three companies have additional reasons to own them.

Investors focused on the Basic Materials space have likely heard of Impala Platinum Holdings (IMPUY), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.

Impala Platinum Holdings is one of 245 individual stocks in the Basic Materials sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. IMPUY is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for IMPUY's full-year earnings has moved 9.29% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, IMPUY has gained about 26.64% so far this year. Meanwhile, the Basic Materials sector has returned an average of 24.27% on a year-to-date basis. This means that Impala Platinum Holdings is outperforming the sector as a whole this year.

Looking more specifically, IMPUY belongs to the Mining – Miscellaneous industry, which includes 46 individual stocks and currently sits at #181 in the Zacks Industry Rank. This group has gained an average of 37.27% so far this year, so IMPUY is slightly underperforming its industry in this area.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to IMPUY as it looks to continue its solid performance.

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VANCOUVER, British Columbia, June 15, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”, “Company”) is pleased to announce that the Desk Top Conceptual Study (“Study”) on the Cañariaco Norte Project has been completed by Ausenco Engineering Inc. (“Ausenco”). Ausenco’s work has identified several opportunities with the potential to lower initial capital expenditures (“CapEx”) and operating expenses (“OpEx”) while also enhancing our environmental, social and governance (“ESG”) practices.

Summary of Significant Developments:

1. Mitigation of the need for a roaster, both for a smaller and a larger project, which could significantly reduce both CapEx and OpEx costs and improve ESG practices;

2. The potential viability of the project at various concentrator throughputs including 40,000; 50,000; and 60,000 tonnes per day (“tpd”);

3. Evaluation of a staged expansion with a smaller throughput for a lower initial CapEx, then expanding after payback using mine cash flow indicates this could be an attractive development strategy;

4. The application of the best available technology (“BAT”) for tailings that considers both wet and dry stack tailings storage methodologies which could improve ESG practices and appears viable. This should be assessed in more detail.

“The potential mitigation of a roaster is a game changer, offering an opportunity to significantly reduce both CapEx and OpEx and enabling an operation less complicated both for permitting and day-to-day operations. This opportunity was identified as a result of new geometallurgical modelling of the deposit and updated smelting costs,” stated Joanne Freeze, President and CEO. “Now we can focus on parameters to be included in an updated Preliminary Economic Assessment (“PEA”) to evaluate the most attractive potential development strategy.”

Signficant historical engineering work has been completed for the Cañariaco Norte Project, which has provided much of the basis for the conceptual desktop study; however, the new development concepts will require additional technical and economic assessment and development in an updated PEA.

For more details about the Desk Top Study, please see News Release No. 129 (dated April 19^th, 2021): https://www.candentecopper.com/news-releases/news-releases/2021/ausenco-update-for-conceptual-desk-top-study-on-canariaco-norte-1/

Ausenco has a 30-year track record and is recognised as specialists in end-to-end solutions which are proven to lower capital and operating costs, reduce construction time and improve plant efficiencies. They perform consulting studies, project delivery, and asset operations to the international mining sector including high performance copper processing and infrastructure projects. Project experience ranges from small conceptual studies for new developments through to the construction of large scale minerals processing facilities.

About Candente Copper
Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

Please see https://www.candentecopper.com/investors/presentations, the Cañariaco Norte Copper Project Pre-Feasibility Study Progress Report and the NI 43-101 Technical Report both of which are available at https://www.candentecopper.com/site/assets/files/5389/canariaco-pfs.pdf and https://www.candentecopper.com/site/assets/files/5390/ni43-101_canariaco.pdf (* published January and March 2011) for details from previous resource and engineering studies which delineated 9B lbs copper, 2M oz gold and 54M oz silver in: Measured and Indicated Resources of 752.4 million tonnes grading 0.45% copper, 0.07 grams per tonne (“g/t”) gold and 1.9 g/t silver (0.52% Cu equivalent) containing 7.533 B lb Cu, 1.67 M oz Au and 45.24 M oz Ag and Inferred Resources of 157.7 million tonnes grading 0.44% copper, 0.06 g/t gold and 1.8 g/t silver containing 1.434 B lb Cu, 0.3M oz Au and 8.932 M oz Ag.

The Technical Reports, referred to above, are based on a throughput rate of 95,000 tpd producing 260M lb Cu/year which resulted in post-tax NPVs and IRRs of $1.985B and 24.8% at $3.25/lb Cu; and $2.865B and 31.2% at $4.00/lb Cu. The Incentive Price ($2.50/lb Cu) for Cañariaco Norte is in the lowest quartile of top 84 copper projects worldwide named by Goldman Sachs. Cash costs are also in lowest quartile of the copper industry.

For detailed information about assay methods and data verification measures used to support the scientific and technical information, and for details on the key parameters and assumptions relating to the Mineral Resource estimates, please refer to the Company’s technical report filed on SEDAR under the Company’s profile, and also available on the Company’s website.

Joanne C. Freeze, P.Geo., CEO, Candente Copper, and Jay Melnyk, P.Eng., AGP Mining Consultants Inc., are the Qualified Person as defined by National Instrument 43-101 for the projects discussed above and they have reviewed and approved the contents of this release.

This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente Copper relies upon litigation protection for forward-looking statements.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:

info@candentecopper.com
www.candentecopper.com

NR-132

VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, announced today that LANXESS Corporation (the “Lender”) has elected for the early conversion in full of its loan facility (the “Loan”) previously advanced to the Company.

Conversion of the Loan will allow the Company to strengthen its balance sheet with the elimination of long-term debt and conserve capital for ongoing project development work. The early conversion of the Loan will also reduce interest expense and positions the Lender as a key shareholder.

The Company has issued 6,251,250 common shares, and 3,125,625 share purchase warrants (each, a “Warrant”), to the Lender in connection with the conversion of the outstanding Loan and has retired the principal of the Loan in the amount of US$3,750,000. Each warrant is exercisable to acquire an additional common share of the Company at a price of C$1.20 until June 10, 2024. For further information regarding the terms of the Loan, readers are encouraged to review the news release issued by the Company on October 30, 2019.

About Standard Lithium Ltd.

Standard Lithium is an innovative technology and lithium development company. The company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The company has commissioned its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess's south plant facility in southern Arkansas. The demonstration plant utilizes the company's proprietary LiSTR technology to selectively extract lithium from Lanxess's tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino county, California.

Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC – Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.

On behalf of the Board of Standard Lithium Ltd.

Robert Mintak, CEO & Director

For further information, contact Anthony Alvaro at (604) 240 4793

Twitter @standardlithium

Linkedin https://www.linkedin.com/company/standard-lithium/

Neither the 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. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.