Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:

Brighthouse Financial BHF is a holding company formed to own the legal entities that historically operated a substantial portion of the former Retail segment of MetLife, Inc.The Zacks Consensus Estimate for its current year earnings has been revised 30.3% downward over the last 60 days.

BHP Group Limited BHP is one of the world's largest diversified resource companies with operations across several continents with a market capitalization of around $183 billion. The Zacks Consensus Estimate for its current year earnings has been revised almost 21.1% downward over the last 60 days.

ASM International ASMIY is a leading supplier of equipment and solutions used to produce semiconductor devices, or integrated circuits, for both the front-end and back-end segments of the semiconductor market. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.

View the entire Zacks Rank #5 List.

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 BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report ASM International NV (ASMIY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Mosaic (MOS) closed at $42.17 in the latest trading session, marking a -0.71% move from the prior day. This change lagged the S&P 500's daily gain of 0.3%.

Prior to today's trading, shares of the fertilizer maker had gained 28% over the past month. This has outpaced the Basic Materials sector's gain of 7.79% and the S&P 500's gain of 4.28% in that time.

MOS will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2021. The company is expected to report EPS of $1.63, up 608.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.83 billion, up 60.82% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $12.48 billion, which would represent changes of +490.59% and +43.77%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for MOS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.14% higher within the past month. MOS is currently a Zacks Rank #2 (Buy).

In terms of valuation, MOS is currently trading at a Forward P/E ratio of 8.47. This represents a discount compared to its industry's average Forward P/E of 14.81.

It is also worth noting that MOS currently has a PEG ratio of 1.21. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Fertilizers stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.

The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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Zacks Investment Research

VANCOUVER, British Columbia, Oct. 19, 2021 (GLOBE NEWSWIRE) — Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces a non-brokered private placement (the “Placement”) of up to 4,000,000 units (the Units”) at a price of $0.125 per Unit for total gross proceeds of up to $500,000 to fund drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

Each Unit will consist of one common share of the Company and one half of one non-transferable share purchase warrant. Each whole warrant (a “Warrant”) will be exercisable to purchase one additional common share of the Company at a price of $0.20 during the first year, increasing to $0.25 in year two following the closing of the offering.

The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

For further information please contact:

Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.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 news release.

This news release does not constitute an offer to sell or a 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, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We note that Gem Diamonds Limited (LON:GEMD) does have debt on its balance sheet. But the real question is whether this debt is making the company risky.

When Is Debt A Problem?

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. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. 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. Of course, plenty of companies use debt to fund growth, without any negative consequences. The first step when considering a company's debt levels is to consider its cash and debt together.

View our latest analysis for Gem Diamonds

How Much Debt Does Gem Diamonds Carry?

The image below, which you can click on for greater detail, shows that Gem Diamonds had debt of US$14.7m at the end of June 2021, a reduction from US$23.6m over a year. But it also has US$33.9m in cash to offset that, meaning it has US$19.2m net cash.

debt-equity-history-analysisdebt-equity-history-analysis
debt-equity-history-analysis

A Look At Gem Diamonds' Liabilities

We can see from the most recent balance sheet that Gem Diamonds had liabilities of US$43.1m falling due within a year, and liabilities of US$112.0m due beyond that. Offsetting these obligations, it had cash of US$33.9m as well as receivables valued at US$6.55m due within 12 months. So its liabilities total US$114.6m more than the combination of its cash and short-term receivables.

This is a mountain of leverage relative to its market capitalization of US$116.4m. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution. Despite its noteworthy liabilities, Gem Diamonds boasts net cash, so it's fair to say it does not have a heavy debt load!

Even more impressive was the fact that Gem Diamonds grew its EBIT by 406% over twelve months. If maintained that growth will make the debt even more manageable in the years ahead. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Gem Diamonds's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. Gem Diamonds 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. In the last three years, Gem Diamonds created free cash flow amounting to 4.2% of its EBIT, an uninspiring performance. That limp level of cash conversion undermines its ability to manage and pay down debt.

Summing up

Although Gem Diamonds'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$19.2m. And it impressed us with its EBIT growth of 406% over the last year. So we don't have any problem with Gem Diamonds's use of debt. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet – far from it. Be aware that Gem Diamonds is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored…

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

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

The WisdomTree Global exU.S. Quality Dividend Growth ETF (DNL) was launched on 06/16/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the World ETFs category of the market.

What Are Smart Beta ETFs?

Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.

Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.

If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.

Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.

Even though this space provides many choices to investors–think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting–not all have been able to deliver first-rate results.

Fund Sponsor & Index

Managed by Wisdomtree, DNL has amassed assets over $417.98 million, making it one of the larger ETFs in the World ETFs. DNL seeks to match the performance of the WisdomTree Global ex-U.S. Quality Dividend Growth Index before fees and expenses.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend paying stocks with growth characteristics in the developed and emerging markets outside of the United States.

Cost & Other Expenses

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Operating expenses on an annual basis are 0.58% for DNL, making it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 1.89%.

Sector Exposure and Top Holdings

While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

Looking at individual holdings, Rio Tinto Ltd (RIO) accounts for about 4.59% of total assets, followed by Taiwan Semiconductor Manufacturing Co Ltd and Unilever Plc (ULVR).

The top 10 holdings account for about 36.72% of total assets under management.

Performance and Risk

So far this year, DNL has added about 7.15%, and is up roughly 17.72% in the last one year (as of 10/13/2021). During this past 52-week period, the fund has traded between $32.44 and $43.87.

DNL has a beta of 0.82 and standard deviation of 22.27% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 276 holdings, it effectively diversifies company-specific risk.

Alternatives

WisdomTree Global exU.S. Quality Dividend Growth ETF is a reasonable option for investors seeking to outperform the World ETFs segment of the market. However, there are other ETFs in the space which investors could consider.

IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $20.03 billion in assets, Vanguard Dividend Appreciation ETF has $61.19 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.06%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the World ETFs.

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

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WisdomTree Global exU.S. Quality Dividend Growth ETF (DNL): ETF Research Reports
 
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iShares Core Dividend Growth ETF (DGRO): ETF Research Reports
 
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Insiders who purchased PepinNini Minerals Limited (ASX:PNN) shares in the past 12 months are unlikely to be deeply impacted by the stock's 13% decline over the past week. Even after accounting for the recent loss, the AU$744k worth of stock purchased by them is now worth AU$989k or in other words, their investment continues to give good returns.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for PepinNini Minerals

PepinNini Minerals Insider Transactions Over The Last Year

The insider Peter Proksa made the biggest insider purchase in the last 12 months. That single transaction was for AU$506k worth of shares at a price of AU$0.54 each. That means that even when the share price was higher than AU$0.38 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Happily, we note that in the last year insiders paid AU$744k for 2.60m shares. But they sold 128.50k shares for AU$57k. In the last twelve months there was more buying than selling by PepinNini Minerals insiders. Their average price was about AU$0.29. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volumeinsider-trading-volume
insider-trading-volume

PepinNini Minerals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does PepinNini Minerals Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. PepinNini Minerals insiders own about AU$5.8m worth of shares. That equates to 34% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At PepinNini Minerals Tell Us?

It doesn't really mean much that no insider has traded PepinNini Minerals shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think PepinNini Minerals insiders are doubting the company, and they do own shares. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 4 warning signs for PepinNini Minerals (of which 2 don't sit too well with us!) you should know about.

Of course PepinNini Minerals may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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

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

Vancouver, British Columbia–(Newsfile Corp. – October 6, 2021) – Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (the "Company") today announced positive results from a ten-hole core drilling program totaling 5,147 feet (1,569 meters) that was recently completed. The ten-hole program was designed to assess the likelihood that further drilling would upgrade portions of the resource from Inferred to Indicated and expand the overall size of the current resource. Mr. Travis Naugle, CEO states, "We believe that additional drilling could accomplish these exciting objectives." These results are further discussed below and outlined in Table 1 below.

Three holes (QM-319, QM-320, and QM-328) were drilled on the north to northwestern edge of the current resource. Each hole intersected oxide and chalcocite mineralization. Significant intercepts include drill hole QM-320 (31.1 m @ 0.58% Cu, including 22.6 m @ 0.70% Cu); QM-328 (23.5 m @ 0.44% Cu); and QM-319 (10.8 m @ 0.14% Cu). Each drill hole contains additional acid soluble copper intercept (Table 1).

Holes QM-326 and QM-327, drilled on the southern edge of the current oxide resource (Figure 1), each intersected near surface oxide mineralization. Significant intercepts include 6.7 m @ 0.27% Cu and 7.3 m @ 0.70% copper from QM-326 and QM-327, respectively. Both holes also indicate the potential for additional oxide resource expansion to the south and southeast (Figure 2).

Drill holes QM-321 and QM-322 were drilled on the south/southeastern edge of the current oxide resource. Both drill holes intersected near surface oxide mineralization; QM-321 intersected 13.7 m @ 0.17% copper and QM-322 intersected 31.1 m @ 0.11% Cu. Both drill holes also indicate the potential for an additional oxide resource to the south. In addition, QM-322 was collared on a legacy MacArthur sub-grade stockpile, from which 12.3 m @ 0.13% copper was identified. The MacArthur sub-grade stockpile has not previously been sampled but based on these results, the Company may consider evaluating it for additional resource potential.

It is expected that the above results could increase the resource (Figure 2) and upgrade a portion of the current resource from inferred to measured/indicated status. The MacArthur resource estimate is in the process of being updated by Independent Mining Consultants (IMC); it is expected to be completed before the end of 2021.

Two additional drill holes (QM-323 and QM-324) were drilled to explore for additional oxide resource farther east and infill from previous oxide intercepts in this area. Each drill hole identified short, scattered oxide intercepts, and identified additional chalcocite and chalcopyrite mineralization. QM-323 includes 24.4 m @ 0.20% copper in the form of chalcopyrite and QM-324 includes 9.8 m @ 0.39% copper in the form of chalcocite and chalcopyrite. Please see Table 1 for additional intercepts. The potential for additional drilling in this area is under further evaluation.

Drill holes QM-319 and QM-320 were drilled to depths of 243.8 m and 362.3 m, respectively, to test under-drilled induced polarization geophysical anomalies. Both drill holes intersected zones of primary mineralization, occurring as wispy quartz-sericite-biotite-sulfide veinlets/vein haloes, which are commonly associated with porphyry-style mineralization in the Yerington District. These two drill holes provide important guidance for primary sulfide drilling in future programs.

TABLE 1. SIGNIFICANT INTERCEPTS

Drill Hole

From
(feet)

To
(feet)

Interval
(feet)

Interval
(meters)

%
TCu

Mineralization
Type

HOLE QM-319

136

171.5

35.5

10.8

0.14

oxide

221

269

48

14.6

0.13

chalcocite

HOLE QM-320

62

115

53

16.2

0.17

oxide

203.5

241

37.5

11.4

0.29

oxide & chalcocite

272

378.5

106.5

32.5

0.58

oxide & chalcocite

includes

301

375

74

22.6

0.70

oxide & chalcocite

955

1027

72

21.9

0.11

chalcopyrite

HOLE QM-321

50

95

45

13.7

0.17

oxide

135.5

166.5

31

9.4

0.19

oxide

HOLE QM-322

11.5

40.5

29

8.8

0.13

MacArthur dump oxide

338

450

112

34.1

0.11

oxide

HOLE QM-323

255

272.6

17.6

5.4

0.32

chalcopyrite

332.5

343.5

11

3.4

0.24

chalcopyrite

353.5

376

22.5

6.9

0.11

chalcopyrite

399

479

80

24.4

0.20

chalcopyrite

HOLE QM-324

218

250

32

9.8

0.39

chalcocite & chalcopyrite

264.5

275

10.5

3.2

0.20

chalcocite

HOLE QM-326

17

39

22

6.7

0.27

oxide

159

190.5

31.5

9.6

0.11

oxide

312

327.5

15.5

4.7

0.19

chalcopyrite

364

375

11

3.4

0.19

chalcopyrite

HOLE QM-327

18.5

42.5

24

7.3

0.70

oxide

96

128.5

32.5

9.9

0.13

oxide

234.5

260

25.5

7.8

0.22

oxide

HOLE QM-328

194

271

77

23.5

0.44

chalcocite

*Drill intercepts are based on actual core lengths and may not reflect the true width of mineralization

Figure 1, Plan Map

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1020/98721_Figure%201%20Plan%20Map.jpg

Figure 2, Section 1

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/1020/98721_Figure%202%20Section1.jpg

Quality Assurance and Control

All drilling described is from core, contracted to National EWP, Elko, Nevada. Core samples were either sawed or split by SPS personnel in Yerington, Nevada and shipped to Skyline Assayers and Laboratories in Tucson, Arizona for sample preparation. Copper analyses were assayed using their "SEA-Cu" (total copper) "SEACuSEQ" (sequential copper leach) procedure with a 50 ppm detection limit. Commercially prepared standards and blanks are inserted by SPS at 50-foot intervals to insure precision of results as a quality control measure. SPS has a chain of custody program to ensure sample security during all stages of sample collection, cutting, shipping, and storage.

Technical information in this news release was approved by Thomas Patton, Chairman to the Company and a qualified person as defined in NI 43-101.

About Quaterra Resources Inc.

Quaterra Resources Inc. is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is advancing its Yerington copper project in the historic Yerington Copper District, Nevada and continues to investigate opportunities to acquire prospects in North America on reasonable terms and the partnerships with which to advance them.

On behalf of the Board of Directors,

Stephen Goodman,
President, Quaterra Resources Inc.

For more information please contact:

Karen Robertson
Corporate Communications
778-898-0057

Email: info@quaterra.com
Website: www.quaterra.com

Disclosure note:

Some statements in this news release are forward-looking statements under applicable United States and Canadian laws. These statements are subject to risks and uncertainties which may cause results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company does not undertake to update any forward-looking statement that may be made from time to time except in accordance with 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98721

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But on the bright side, you can make far more than 100% on a really good stock. Long term Cameco Corporation (TSE:CCO) shareholders would be well aware of this, since the stock is up 163% in five years. It's also good to see the share price up 18% over the last quarter.

Since the stock has added CA$418m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.

View our latest analysis for Cameco

Given that Cameco didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.

In the last 5 years Cameco saw its revenue shrink by 7.4% per year. On the other hand, the share price done the opposite, gaining 21%, compound, each year. It's a good reminder that expectations about the future, not the past history, always impact share prices. Still, we are a bit cautious in this kind of situation.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

earnings-and-revenue-growthearnings-and-revenue-growth
earnings-and-revenue-growth

If you are thinking of buying or selling Cameco stock, you should check out this FREE detailed report on its balance sheet.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Cameco, it has a TSR of 178% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

We're pleased to report that Cameco shareholders have received a total shareholder return of 118% over one year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 23% per year), it would seem that the stock's performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for Cameco you should be aware of.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

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

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

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Freeport-McMoRan (FCX) closed the most recent trading day at $32.20, moving -1.56% from the previous trading session. This change lagged the S&P 500's 1.05% gain on the day.

Prior to today's trading, shares of the mining company had lost 9.49% over the past month. This has lagged the Basic Materials sector's loss of 8.25% and the S&P 500's loss of 5.07% in that time.

FCX will be looking to display strength as it nears its next earnings release. On that day, FCX is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 186.21%. Meanwhile, our latest consensus estimate is calling for revenue of $6.17 billion, up 60.3% from the prior-year quarter.

FCX's full-year Zacks Consensus Estimates are calling for earnings of $2.97 per share and revenue of $23.04 billion. These results would represent year-over-year changes of +450% and +62.27%, respectively.

It is also important to note the recent changes to analyst estimates for FCX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.42% higher. FCX is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, FCX currently has a Forward P/E ratio of 11.02. This valuation marks a discount compared to its industry's average Forward P/E of 12.39.

It is also worth noting that FCX currently has a PEG ratio of 0.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining – Non Ferrous industry currently had an average PEG ratio of 0.55 as of yesterday's close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow FCX in the coming trading sessions, be sure to utilize Zacks.com.

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TORONTO, Oct. 05, 2021 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it has advanced US$3 million as property option payments, pursuant to the Private Option Agreement (the “Agreement”) to acquire a 99% interest in the Iska Iska silver-tin polymetallic project (“Iska Iska”) in the Potosi Department, southern Bolivia. The Agreement grants Eloro the option to acquire a 99% interest in Iska Iska for consideration consisting of 500,000 Eloro common shares, of which 250,000 have been issued, with the remaining 250,000 to be issued on or before January 6, 2022, and the payment of US$10 million, of which US$3 million has been paid to date, with the remaining US$7 million due on or before January 6, 2024.

To date, the Company has completed 31,500 metres (m) in 61 drill holes including three (3) in progress to test major target areas at Iska Iska. Currently three diamond drill rigs are active at Iska Iska, two surface rigs and one underground drill. Planned drilling for 2021 is 51,000m with the aim of outlining an initial inferred National Instrument (“NI”) 43-101 compliant mineral resource by Q1 2022. Additionally, a downhole induced polarization/resistivity (IP/Res) survey is in progress to further define drill targets and aid resource definition drilling. Preliminary metallurgical tests are also in progress. An updated NI 43-101 Technical Report is being prepared by independent consultant Micon International Ltd.

“We are extremely pleased with the progress and exploration effort at Iska Iska and are most grateful for the partnership and contributions to date by the title holder, Empresa Minera Villegas S.R.L.,” commented Thomas Larsen, CEO of Eloro. “Due to the positive results to date from our drill campaign, initial engineering studies to establish potential economic parameters for mineral resource definition will commence shortly, with a site visit having already been completed by a top Peruvian Engineering firm. More detailed metallurgical studies are also planned.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

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

BHP Group BHP recently entered into a deal to supply nickel sulphate to Prime Planet Energy & Solutions (“PPES”), one of Japan’s leading lithium-ion battery producers. This will enable Prime Planet Energy & Solutions to develop lower carbon batteries, which will be supplied to Electric Vehicle (“EV”) manufacturers including Toyota Motor Corporation TM.

To this effect, a Memorandum of Understanding (“MOU”) has been signed between BHP Group, Prime Planet Energy & Solutions and Toyota Tsusho Corporation. Notably, Prime Planet Energy & Solutions is a joint venture between Toyota Motor and Panasonic Corporation. Toyota Tsusho Corporation is a general trading company that is part of the Toyota group.

Per the MOU, BHP Group will supply nickel sulphate to Prime Planet Energy & Solutions from its newly constructed Nickel West facility in Western Australia. Nickel West is one of the most sustainable nickel producers in the world. On Oct 1, BHP Group announced that it has produced the first nickel sulphate crystals from the plant. The plant is the first of its kind in Australia and will produce 100,000 tons of nickel sulphate per year, when fully operational. Its production will be enough to make 700,000 electric vehicle batteries each year.

BHP Group, along with Prime Planet Energy & Solutions and Toyota Tsusho Corporation, is making every effort to create a more sustainable and transparent industry, which is working collectively to lift standards and reduce emissions. According to the terms of the MoU, the parties will seek to identify ways to make the Japanese battery supply chain more sustainable by lowering carbon emissions in battery value chains. They will also explore the possibility of recycling battery scrap and used batteries at BHP Group’s Nickel West for further processing and production of nickel bearing products.

Amid the heightening climate-change concerns, development of batteries used to power EVs is gaining utmost importance. This, in turn, has fueled demand for metals, particularly copper and nickel, utilized in the production of batteries. Riding on this, demand for nickel in batteries is estimated to surge more than 500% over the next decade. Thus, BHP Group has been investing in its Nickel West facilities. The company is one of the world’s leading nickel suppliers to the battery metals market, with 85% of its nickel metal currently sold to the battery market. It delivers some of the world’s most sustainable and lowest carbon emission nickel to customers. BHP Group is working toward its strategy of focusing on commodities (copper, nickel and potash) that will help it capitalize on growing global trends such as decarbonisation, electrification population growth, rising living standards in the developing countries among others.

Earlier in July, BHP Group entered into an agreement with Tesla TSLA to supply nickel from the Nickel West mine. In addition to the supply agreement, BHP and Tesla will collaborate on ways to make the battery supply chain more sustainable with a focus on end-to-end raw material traceability using blockchain and technical exchange for battery raw materials production. The companies will also focus on promoting the importance of sustainability in the resources sector, including identifying partners who are most aligned with BHP and Tesla’s principles and battery value chains. BHP Group will also collaborate with Tesla on energy storage solutions to identify opportunities to lower carbon emissions in their respective operations through increased use of renewable energy paired with battery storage.

BHP Group’s shares have fallen 18.4% so far this year compared with the industry’s decline of 8.9%. This can primarily be attributed to the recent plunge in iron ore prices due to weak demand in China on account of its intensified curbs on steel production and slowdown across its property sector. In the third quarter of 2021, iron ore plummeted 49% — the first quarterly loss since the first quarter of 2020.

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Zacks Rank & a Key Pick

BHP Group currently carries a Zacks Rank #5 (Strong Sell).

A better-ranked stock in the basic materials space includes Veritiv Corporation VRTV which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Veritiv has a projected earnings growth rate of 214.9% for the current year. The company’s shares have skyrocketed 359% year to date.

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ST. JOHN’S, Newfoundland and Labrador, October 05, 2021–(BUSINESS WIRE)–Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") is pleased to update its Project Generation ("PG") business activities and its public junior equities portfolio. The market value of equities at September 30, 2021 was approximately $51.2 million, non-inclusive of $9.1 million in equity sales net of new investments. This compares to a market value of equities of $64.5 million at June 30, 2021.

10,089,199 common shares of Chesterfield Resources (CHF:LSE) were received during the quarter as payment for the Corporation’s sale of its Adeline copper project in Labrador, the value of which is included in the total above. An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities.

Portfolio and Project Highlights

Adventus Mining Corporation (ADZN:TSXV) ("Adventus") continued to advance the ongoing feasibility study of its copper and gold rich El Domo deposit located within the Curipamba project, which is anticipated to be completed in the fourth quarter of 2021, and is continuing to advance detailed planning for the final engineering design and commencement of mine construction beginning in 2022. Adventus also reported drilling results from a new discovery of volcanogenic massive sulphide (VMS) mineralization at Agua Santa, located approximately 4.5 kms southwest of the El Domo deposit, that included 6.34 metres of 1.77% copper, 1.46 grams per tonne (g/t) gold, 7.45% zinc, 23.2 g/t silver and 0.24% lead – Press Release. Altius holds a 2% net smelter return royalty covering the Curipamba project.

Orogen Royalties Inc. (OGN:TSV-V) ("Orogen") announced plans to spin out the Bell Creek copper project in BC and completed several project joint ventures. AngloGold Ashanti also provided an update during the quarter relating to the Silicon gold project in Nevada, over which Orogen and Altius hold 1% and 1.5% NSR royalties. In its announcement (Press Release) it noted the potential for "significant oxide ore bodies at Silicon and Merlin, as well as additional sulphide potential at Silicon at depth", and that it will publish a Mineral Resource at Silicon for the year ending 31 December 2021.

Abrasilver Resource Corp. (ABRA:TSX-V) ("Abra") recently reported a significant increase in a mineral resource estimate for its Diablillos project along with plans to complete an updated PEA study in the fourth quarter – Press Release. In addition, Abra also announced that joint venture operator Rio Tinto Mining and Exploration Limited commenced drilling at the Arcas copper-gold project located in Chile – Press Release. Altius originated the Arcas project and retains a 0.98% gross sales royalty covering the property.

Surge Copper Corp. (SURG:TSX-V) ("Surge") reported new drill results from its Ootsa Cu-Au porphyry project in British Columbia including an intersection of 194 metres of 0.24% Cu, 0.19 g/t Au, 0.036% Mo and 2.3 g/t Ag- Press Release. The Company anticipates continued drilling at Ootsa through the remainder of the year.

Recent drill results and plans for additional drilling were reported during the quarter by the operators of projects the Company has sold or optioned within Newfoundland and Labrador including:

Sterling Metals Corp. (SAG:TSX.V) reported initial drilling results from the Sail Pond silver rich polymetallic project and announced an expanded drilling program.

Canstar Resources Inc. (ROX:TSX-V) reported initial strong gold intercepts from its Golden Baie project from an ongoing drilling program.

Canterra Minerals Corporation (CTM:TSX-V) announced the commencement of a 5000 meter drilling program at the Wilding Lake project that is targeting the extensions of gold rich surface mineralization.

TRU Precious Metals Corp. (TRU:TSX-V) announced the commencement of a 5000 meter drilling program at the Golden Rose project.

Churchill Resources (CRI:TSX-V) announced a planned drilling program at the Taylor Brook nickel project that is expected to commence shortly.

Qualified Person

Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed, prepared and approved this release.

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 41,410,175 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211005005809/en/

Contacts

Chad Wells
Email: Cwells@altiusminerals.com
Tel: 1.877.576.2209

Flora Wood
Email: Fwood@altiusminerals.com
Tel: 1.877.576.2209
Direct: +1(416)346.9020

TORONTO, Oct. 04, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) is pleased to announce that, through its indirectly wholly-owned subsidiary, SRH Chile SpA (“SRH”), it has delivered to the minority shareholder (the “Minority Shareholder”) of Minera Tres Valles (“MTV”), the required written notice of its intention to acquire the remaining ownership of MTV that SRH does not already own.

The Company through SRH owns 91.1% of MTV and under the shareholders’ agreement (the “SHA”) between SRH and the Minority Shareholder, beginning October 2, 2021, SRH has 30 days to deliver a written notice to the Minority Shareholder of its intention to acquire all the shares of MTV owned by the Minority Shareholder.

“This is the first step in completing the acquisition of the remaining ownership of MTV,” stated Michael Staresinic, President and CEO of Three Valley Copper. “The SHA provides for a sequence of steps to be undertaken in completing this acquisition and the delivery of the call notice is the first step. We believe it will be several months before a purchase price is concluded on and the transaction complete.”

The Company will provide future updates as it completes this acquisition.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release, contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to: the proposed acquisition of the Company’s remaining interest in MTV and the timing of the steps required under the SHA to acquire the remaining interest.

Although TVC believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including: the purchase of the remaining interest in MTV being completed in accordance with the terms and conditions of the SHA and not being subject to undue delay, there being no additional significant disruptions affecting the development and operation of MTV; the availability of certain consumables (including water) and services and the prices for power and other key supplies; expected labour and materials costs and available supply; expected fixed operating costs; permitting and arrangements with stakeholders; certain tax rates, including the allocation of certain tax attributes, being applicable to MTV; the availability of financing for the Company's and MTV’s planned operations and development activities; assumptions made in mineral resource and mineral reserve estimates and the financial analysis based on these estimates, including (as applicable), but not limited to, geological interpretation, grades, commodity price assumptions, metallurgical performance, extraction and mining recovery rates, hydrological and hydrogeological assumptions, capital and operating cost estimates, and general marketing, political, business and economic conditions, the continued availability of quality management, critical accounting estimates, all terms of the restructuring agreement and facility agreement to which MTV and the Company are parties will be satisfied in the future including no events of default, existing water supply will continue, supplemental water availability will continue, the geopolitical risk of Chile will remain stable, including risks related to labour disputes, the construction and expansion of mining operations including the Papomono Masivo incline block caving underground mining project, as well as the timing thereof and production therefrom; favorable outcomes of litigation and /or arbitration initiated by the minority shareholder of the Company’s operating subsidiary, MTV; the timing of production and results for the recently restarted Don Gabriel mine; and expected timelines for drawdown and repayment of indebtedness of MTV.

Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize, including: (i) possible variations in grade or recovery rates; (ii) copper price fluctuations and uncertainties; (iii) delays in obtaining governmental approvals or financing; (iv) risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to mineral reserves, production, costs and expenses; and labour, health, safety and environmental risks) and risks associated with the other portfolio companies' industries in general; (v) performance of the counterparty to the ENAMI Contract; (vi) risks associated with investments in emerging markets; (vii) general economic, market and business conditions; (viii) market volatility that would affect the ability to enter or exit investments; (ix) failure to secure additional financing in the future on acceptable terms to the Company, if at all; (x) commodity price and foreign exchange fluctuations and uncertainties; (xi) risks associated with catastrophic events, manmade disasters, terrorist attacks, wars and other conflicts, or an outbreak of a public health pandemic or other public health crises, including COVID-19; (xii) those risks disclosed under the heading "Risk Management" in TVC’s Management’s Discussion and Analysis for the period ended December 31, 2020; and (xiii) those risks disclosed under the heading "Risk Factors" or incorporated by reference into TVC’s Annual Information Form dated March 3, 2021. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and SRHI does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

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

(Bloomberg) — BHP Group is in talks about buying into a copper project in the Democratic Republic of the Congo, marking a dramatic departure from the world’s biggest mining company’s policy of shunning risky jurisdictions.

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The Melbourne-based miner is in early discussions with billionaire Robert Friedland’s Ivanhoe Mines Ltd. to buy into Western Foreland, a huge exploration territory that neighbors Ivanhoe’s Kamoa-Kakula mine, according to people familiar with the matter, who asked not to be identified as the talks are private. There’s no guarantee BHP will agree a deal with Ivanhoe, and other mining companies are also interested in the project, the people said.

Ivanhoe said in an emailed response that it doesn’t comment on specific negotiations. A spokesperson for BHP said the company declines to comment on market rumor and speculation. Ivanhoe shares rose as much as 10% on Monday, the biggest intraday advance since June last year.

A foray into a nation emerging from decades of conflict would mark a shift in strategy for BHP, which has operated mainly in more developed countries in recent years. The company sold its last mining asset in Africa — the rights to develop an iron ore deposit in Guinea — to Friedland in 2019 as it focused on Australia, Canada and Chile.

During the 18-month tenure of Chief Executive Officer Mike Henry, BHP’s position has softened. There’s a realization that to get access to the best mineral deposits for the global energy transition, the company needs to operate in more risky jurisdictions. BHP shifted its exploration headquarters to the financing hub of Toronto this year.

BHP is especially bullish on copper, a metal used for wiring that’s crucial to decarbonization. Like its major rivals, BHP is expecting a surge in demand, while long-term supply looks constrained amid a lack of new mine development and as growth in top producer Chile slows amid deteriorating ore quality and huge investment burdens.

Congo Bet

While BHP has already shown more appetite for risk by building a stake in Ecuador copper mine developer SolGold Plc, making a bet on the DRC is a significant step further. While the country is the biggest source of cobalt and Africa’s largest producer of copper, corruption in the industry has kept the nation among the poorest in the world.

The challenges of the DRC are highlighted by Ivanhoe’s Kamoa-Kakula mine, which started operating earlier this year. While it’s one of the highest grade copper mines in the world, with the potential to become one of the biggest, Chinese companies helped fund it as Western rivals were deterred by the risks associated with the country.

Ivanhoe points to the presence of BlackRock Inc. and Fidelity on its shareholder register as underscoring the transparency of the Vancouver-based firm’s operations in the DRC.

Friedland, who is Ivanhoe’s founder and executive co-chairman, made his fortune from a Canadian nickel project and was behind a massive copper-gold discovery in Mongolia that’s now operated by Rio Tinto Group.

(Adds share price in third paragraph)

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©2021 Bloomberg L.P.

BEDFORD, NS / ACCESSWIRE / October 4, 2021 / Silver Spruce Resources Inc. (TSXV:SSE)(FRA:S6Q1) announced today that it has closed its private placement for proceeds of $1,205,800. The private placement consisted of the issuance of 24,116,000 units at a price of $0.05 per unit with each unit consisting of one common share and a warrant to purchase an additional common share at an exercise price of $0.075 per share on or before September 29, 2024.

The securities issued pursuant to the private placement have a hold period expiring on January 30, 2022.

Finder's fees of $2,935 were paid on the private placement.

About Silver Spruce Resources Inc.

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

Contact:

Silver Spruce Resources Inc.
Michael Kinley, CEO and Director
(902) 402-0388
mkinley@silverspruceresources.com
info@silverspruceresources.com
www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

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

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

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/666752/Silver-Spruce-Closes-Private-Placement-of-1205800

MELBOURNE, October 02, 2021–(BUSINESS WIRE)–Rio Tinto is supporting iron ore rail car manufacturing in Western Australia with a commitment to use local suppliers to build ore rail cars for its Pilbara mining operations.

A tender will soon be released to the local market for an initial purchase of 50 ore rail cars, followed by an ongoing commitment of 10 ore cars a year for the next five years.

The tender will be released through the Rio Tinto Buy Local portal, a resource dedicated to making local suppliers aware of opportunities to partner with Rio Tinto and be part of our supply chain.

Western Australia has been an important part of Rio Tinto’s history for more than 50 years as the company built a world-class iron ore business. In 2020, the company spent AUD$7.5 billion with more than 2,000 local businesses based in Western Australia.

Rio Tinto is also part of the WA Government’s iron ore rail car action group, launched as part of the WA Recovery Plan to develop a competitive iron ore rail car manufacturing industry in Western Australia.

Rio Tinto’s commitment to bring ore rail car manufacturing back to WA supports the action group’s vision to develop WA’s ore rail car manufacturing capability and support the State’s economic recovery.

Rio Tinto Iron Ore chief executive Simon Trott said: "Building Rio Tinto’s ore rail cars here in WA will support local manufacturing and create jobs for West Australians.

"Rio Tinto is proud to lead the way in building iron ore rail cars in WA, in line with the vision of State Government’s iron ore rail car action group.

"I look forward to partnering with local businesses to support and grow the local manufacturing industry in WA.

"Ore cars are a critical part of our mining operations and building capacity to manufacture ore cars locally in WA will deliver significant benefits for Rio Tinto and the WA economy."

Premier Mark McGowan said: "This is a pleasing outcome and I commend Rio Tinto for taking the first step and committing to our local steel manufacturing industry which will support more jobs for Western Australians.

"Rio Tinto’s commitment is a positive result off the back of the State Government’s independent pre-feasibility study, which identified initiatives for the manufacture, refurbishment and maintenance of iron ore railcar wagons.

"This was about securing an ongoing pipeline of work for the long term manufacture of iron ore wagons and critical rail wagon parts, which will deliver jobs and economic benefit for the State into the future.

"Rio Tinto’s purchase of Western Australian made railcars that will be used right here in our State is something I encourage other iron ore companies operating in WA to get on board with and increase local content and local jobs."

riotinto.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211002005001/en/

Contacts

Please direct all enquiries to Media.enquiries@riotinto.com

Media Relations, Australia

Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Jamie Macdonald
M +61 467 725 51

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: Pilbara

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces that its Board of Directors has granted an aggregate 100,000 stock options to Rachel Goldman, a recently appointed director of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.61 CAD per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and is currently the Chief Executive Officer at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957 tasfour@redpineexp.com

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Here are five stocks added to the Zacks Rank #5 (Strong Sell) List today:

Kirby Corporation KEX operates domestic tank barges. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 30 days.

BHP Group BBL engages in the natural resources business. The Zacks Consensus Estimate for its current year earnings has been revised 22.9% downward over the last 30 days.

AB Electrolux ELUXY manufactures and sells household appliances. The Zacks Consensus Estimate for its current year earnings has been revised 4.3% downward over the last 30 days.

TDK Corporation TTDKY manufactures and sells electronic components. The Zacks Consensus Estimate for its current year earnings has been revised 34.1% downward over the last 30 days.

Weichai Power Co., Ltd. WEICY manufactures and sells diesel engines, automobiles, and other major automobile components. The Zacks Consensus Estimate for its current year earnings has been revised 8.3% downward over the last 30 days.

View the entire Zacks Rank #5 List.

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After charging to $80 per barrel on Tuesday, oil prices fell back on news of inventory builds and extra supply, and now markets are nervously waiting for the OPEC+ meeting

Oil and Natural Gas PricesOil and Natural Gas Prices
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Oil Prices Today, Friday, October 1st, 2021

As OPEC+ meets once again next Monday, speculation has been rife regarding the oil group’s intentions to bring more crude into the market. Whilst prices are still close to the $80 per barrel mark, with Brent trading around $78 per barrel and WTI trending around $74.5 per barrel, the first US inventory stock build since late July and news of OPEC+ laggards (Russia and Kazakhstan) ramping up supply has provided some downside for prices. At the same time, exorbitantly high gas prices driving gas-to-oil switching in Asia and the US dollar weakening are largely offsetting those factors.

Spot LNG Price Surge Continues.

Increasing purchasing activity in East Asia amid China’s power demand crunch and continuing supply tightness have pushed spot LNG prices to $34.5 per mmBtu in Asia, the highest on record.

Germany Merges Gas Trading Hubs.

Germany launched a nationwide gas trading hub called THE (Trading Hub Europe), having merged two of its hubs – Gaspool and NetConnect – to be able to compete with the Dutch TTF and British NBP.

Embattled and indebted, PEMEX Raises Oilmen Salaries.

Following a series of negotiations with its oil workers union (to which most PEMEX employees belong), the Mexican national oil company indicated it agreed to increase oil workers’ wages by 3.4% and their benefits by 1.76%, despite its debt spiraling out of control.

Albemarle Buys into China’s Processing.

US-based lithium producer Albemarle (NYSE:ALB) agreed to buy China’s Guangxi Tianyuan New Energy Materials for $200 million, a lithium converter that is on the verge of launching its 25,000 tons per annum processing plant, in a bid to increase its foothold in the world’s largest demand center.

Russia’s LUKOIL Wants More Azerbaijan.

Longtime interested in expanding within Azerbaijan, Russia’s largest private oil producer LUKOIL (MCX:LKOH) agreed to buy a 25% stake in the Shallow Water Absheron Peninsula (SWAP) project from BP, only several weeks after the UK-based firm spudded its first exploration well at North Khali.

Wind Blows Again in the North Sea.

Despite European gas prices hitting several consecutive all-time highs and nearing €100 per MWh, coal-fired generation has decreased w-o-w in Germany as wind generation moved back into its normal range, averaging 11 GWh so far this week, a 10% increase year-on-year.

CNOOC to Boost Ownership of Buzios Field.

Brazil’s national oil companyPetrobras (NYSE:PBR) is in talks with China’s CNOOC (HK:0883) for a deal that would see the Chinese firm buy another 5% stake in the Latin American country’s second-largest Buzios field for $2.08 billion.

Guyana Court Sets Exxon Hearing Date.

Guyana’s High court has scheduled a June 2022 hearing dealing with the environmental impact of ExxonMobil’s (NYSE:XOM) production offshore Guyana, with local NGOs claiming the oil industry threatens the rights of locals to a clean environment.

Saudi Aramco Gets Footing in India’s Largest Private Refiner.

Reliance Industries (NSE:RELIANCE), operator of the world’s largest refinery in Jamnagar, India, stated the candidature of Yasir Al-Rumayyan, chairman of Saudi Aramco, meets all regulatory criteria to become independent director, in a move that is seen as a harbinger of Aramco’s buying-in into the Indian firm’s oil-to-chemicals business.

Malaysian LNG Disrupted Again by Fire.

Malaysia’s LNG terminal in Bintulu, wielding 30 million tons of LNG per annum capacity, caught fire this week however the operator Petronas claimed operations were unaffected.

China Asks for More Russian Electricity.

Attesting to China’s ongoing issues with nationwide power cuts, Russian state-owned power company Inter RAO (MCX:IRAO) claimed it had received a request from Chinese authorities to ramp up electricity exports. The current transmission lines could be delivering up to 7 billion KWh.

Rio Tinto Still Not Progressing with Resolution Copper.

The controversial Resolution Project, a prospective copper mine in Arizona to be operated by Rio Tinto (NYSE:RIO) that could meet 25% of the United States’ total demand for the red metal, has still seen no progress after the company’s CEO failed to meet the head of the San Carlos Apache tribe that opposes it.

Related: The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring

BP and ENI Seek $2 Billion for Angola JV.

UK major BP (NYSE:BP) and Italian firm ENI (ETS:ENI) are seeking to raise $2 billion for their oil and gas joint venture in Angola, as both companies seek to spin off carbon-emitting subsidiaries into separate entities.

China Wants More Term LNG Deals with Qatar.

CNOOC (HKG:0883) signed a new supply deal with Qatar’s QP for a period of 15 years starting from January 2022, adding 3.5mtpa LNG to the country’s aggregate contracted volumes

Jamaica Alumina Refinery Out For At Least One Year.

The Jamalco alumina refinery, operated by Noble Group with a production capacity of 1.4 million tons per annum, will not be back until September 2022 on the back of a fire last month, putting additional pressure on aluminum prices.

By Michael Kern for Oilprice.com

More Top Reads From Oilprice.com:

Read this article on OilPrice.com

After a long slumber, bears have finally awakened. Their wrath is being felt across all risk assets, and we’re officially in the midst of the biggest correction in the S&P 500 for the year. Granted, we’re still only down 5% from the peak, but in as low a volatility environment as we’ve seen this year, that qualifies as the worst whack of 2021. And yet, despite the mayhem, I’m sharing three stocks to buy.

When the market backdrop gets as ugly as it is now, I get extremely selective on new trades. Only the best setups make the cut, and even then, I sometimes pass until the S&P 500 starts to show signs of bottoming.

Today’s trio all boast relative strength and uptrends that remain intact. What’s more, they all saw increasing momentum on the last advance, despite a sinking market.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

That’s the pitch. Here are the picks:

  • Cameco (NYSE:CCJ)

  • Uber Technologies (NYSE:UBER)

  • Marathon Oil (NYSE:MRO)

Let’s take a closer look at each chart to chronicle the recent muscle-flexing. Then, we’ll map out a path to profit.

Stocks to Buy: Cameco (CCJ)

Cameco Corp (CCJ) stock chart with bullish breakout pattern.Cameco Corp (CCJ) stock chart with bullish breakout pattern.
Cameco Corp (CCJ) stock chart with bullish breakout pattern.

Source: The thinkorswim® platform from TD Ameritrade

If you’re going to buy something while the sky is falling, it certainly helps if it doesn’t have a strong correlation to the stock market. Lately, shares of Canadian uranium producer, Cameco Corp, have been moving to the beat of their own drum. Sometimes CCJ stock moves with the S&P 500; sometimes it doesn’t. As a result of the mixed relationship, CCJ has a 10-week correlation to the market near zero.

This is the type of stock I’d be willing to buy in large part because further market weakness doesn’t automatically mean CCJ will suffer. But that’s not all. The price chart looks bullish. We just saw nearly a month of rising prices that took CCJ from $15 to $26. Volume surged, adding legitimacy to the move. And now, we have our first pullback. It’s been deep, yes, but we’re still above the rising 50-day moving average.

I like selling puts to bet CCJ will stay above $17 for the next month.

The Trade: Sell the November $17 naked put for 50 cents.

Uber Technologies (UBER)

Uber Technologies (UBER) stock chart with bullish retracement.Uber Technologies (UBER) stock chart with bullish retracement.
Uber Technologies (UBER) stock chart with bullish retracement.

Source: The thinkorswim® platform from TD Ameritrade

Three weeks ago, I wouldn’t have touched Uber with a 10-foot pole. But much has changed.

The primary reason for my about-face was the massive gap on Sept. 21 that single-handedly reversed the downtrend. Volume eclipsed 100 million shares, marking the highest volume session of the year. This wasn’t some retail-driven micro-rally but an institutional-led influx.

Given the strength of the ramp, I’m inclined to believe the new uptrend will have staying power. And that makes me a buyer of dips.

Over the past three days, UBER stock has retreated three sessions, ending with a doji on Thursday. This morning’s gap higher is confirming a new upswing is beginning. I would build a directional play in a healthier environment, but to respect the broader market correction, we’re taking the higher probability route with a naked put play.

If you think UBER can stay above $37.50 for the next month, enter the following play.

The Trade: Sell the November $37.50 puts for 50 cents.

Stocks to Buy: Marathon Oil (MRO)

Marathon Oil (MRO) stock chart with bullish breakout.Marathon Oil (MRO) stock chart with bullish breakout.
Marathon Oil (MRO) stock chart with bullish breakout.

If there’s one sector that has shone brightest during the recent drama, it’s energy. And that makes it an obvious place to look for stocks to buy.

You can thank the strength in crude oil for the sector’s spunk. Oil prices are back to testing major resistance near $75 and haven’t budged in recent days, despite the thrashing suffered by equities.

There are a lot of good-looking energy stocks right now, but I’d suggest taking a good look at Marathon Oil. Its share price is flirting with a major breakout over $14. This zone has provided stiff resistance for the past five months. Once we take it out, I suspect buyers will come running.

Additionally, the cheap price tag of MRO stock makes it a great candidate for selling puts. The margin requirement is low, and the potential return is juicy.

The Trade: Sell the November $12 naked put for 36 cents.

On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

For a free trial to the best trading community on the planet and Tyler’s current home, click here!

More From InvestorPlace

The post 3 Stocks to Buy Despite the Market Mayhem appeared first on InvestorPlace.

Just because a business does not make any money, does not mean that the stock will go down. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So should Alliance Resources (ASX:AGS) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Alliance Resources

Does Alliance Resources Have A Long Cash Runway?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at June 2021, Alliance Resources had cash of AU$3.3m and no debt. In the last year, its cash burn was AU$3.6m. That means it had a cash runway of around 11 months as of June 2021. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. You can see how its cash balance has changed over time in the image below.

debt-equity-history-analysisdebt-equity-history-analysis
debt-equity-history-analysis

How Is Alliance Resources' Cash Burn Changing Over Time?

In the last year, Alliance Resources did book revenue of AU$56k, but its revenue from operations was less, at just AU$6.0k. We don't think that's enough operating revenue for us to understand too much from revenue growth rates, since the company is growing off a low base. So we'll focus on the cash burn, today. It's possible that the 13% reduction in cash burn over the last year is evidence of management tightening their belts as cash reserves deplete. Admittedly, we're a bit cautious of Alliance Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Alliance Resources Raise More Cash Easily?

While Alliance Resources is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Since it has a market capitalisation of AU$34m, Alliance Resources' AU$3.6m in cash burn equates to about 10% of its market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution.

Is Alliance Resources' Cash Burn A Worry?

On this analysis of Alliance Resources' cash burn, we think its cash burn relative to its market cap was reassuring, while its cash runway has us a bit worried. We don't think its cash burn is particularly problematic, but after considering the range of factors in this article, we do think shareholders should be monitoring how it changes over time. On another note, Alliance Resources has 4 warning signs (and 2 which are concerning) we think you should know about.

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

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

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

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

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

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

About Lundin Mining

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

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

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

SOURCE Lundin Mining Corporation

CisionCision
Cision

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

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

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

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

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

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

MELBOURNE, September 29, 2021–(BUSINESS WIRE)–Rio Tinto has published its first report on progress in improving Communities and Social Performance (CSP) practices, as the company works to rebuild trust and relationships with Traditional Owners following the destruction of the Juukan Gorge rock shelters in Western Australia.

As part of efforts to increase transparency in its approach to cultural heritage protection, Rio Tinto has engaged with investors to develop reporting that details the company’s work to improve its CSP practices and outcomes.

The report details progress made to 30 July 2021 in areas such as Traditional Owner partnerships and agreement modernisation in Western Australia; the introduction of new CSP structures and practices across the company; improved governance; and increasing social expertise within the business.

Importantly, it includes direct feedback from Traditional Owner groups regarding commitments made by the company as part of the Board Review of Cultural Heritage Management in August 2020.

Rio Tinto Chief Executive Jakob Stausholm said "We are working hard to rebuild trust and meaningful relationships with the Puutu Kunti Kurrama and Pinikura (PKKP) people and other Traditional Owners across Australia. We understand this will take time and consistent effort, but our absolute focus is on improving our engagement with Indigenous Peoples and host communities so that we can better understand their priorities and concerns, minimise our impacts, and responsibly manage cultural heritage.

"We thank those Traditional Owners who generously shared their feedback and perspectives. While their insights confirm we have much more to do, feedback like this is vital to shaping relationships that are respectful, genuine and inclusive.

"We know that we cannot change the past. But we can continue to seek out, listen to and respect different voices and perspectives, to ensure that in the future, cultural heritage sites of significance are treated with the care they deserve. And the changes we make should improve, over time, our engagement with Indigenous and First Nations communities in every region where we operate worldwide."

Some of the actions outlined in the report include:

  • Ongoing remediation work of the Juukan Gorge in consultation with the PKKP people.

  • The commencement of agreement modernisation discussions with ten Pilbara Traditional Owner groups and their representatives.

  • A detailed review of heritage sites that Rio Tinto manages in the Pilbara to ensure there are no other sites of exceptional cultural significance within the company’s existing mine plans.

  • Building social performance capacity, capability and governance across the company. There are now more than 300 Communities and Social Performance professionals working on 60 sites in 35 countries, up from 250 professionals in 2020.

  • Important steps to grow Indigenous leadership to help better understand host communities in the future. This includes a $50 million investment to retain, attract and grow Indigenous professionals and leaders in our Australian business.

  • Enhancing cultural awareness training, with all frontline staff undertaking e-learning or face-to-face training with Indigenous Australians.

  • Progressing the establishment of an Australian Advisory Group to help better manage policies and positions that are important to Indigenous Australians and the business; and

  • A commitment to work with Traditional Owner groups to co-design and implement leading practice cultural heritage management.

Rio Tinto will integrate further reporting into its full-year reporting suite, complemented by additional disclosures where appropriate. Further consultation with a broad range of investors and other stakeholders will continue to assist in developing these disclosures.

The full report is available here https://www.riotinto.com/invest/reports.

This announcement is authorised for release to the market by Steve Allen, Rio Tinto’s Group Company Secretary.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005992/en/

Contacts

Please direct all enquiries to
media.enquiries@riotinto.com
Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: GENERAL

(Adds details from interview)

By Ernest Scheyder

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

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

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

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

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

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

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

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

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

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

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

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

WHEN TO TALK?

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

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

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

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

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

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

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

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

Toronto, Ontario–(Newsfile Corp. – September 29, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced the commencement of its Fall drill program within the northeastern margin of Saskatchewan's Athabasca Basin in Canada.

"The focus of the drill program is our 100% owned Henday Lake project that we have been eager to advance for some time now," Scott Frostad, Purepoint's VP of Exploration stated. "This will be Purepoint's first drill program on the project following our airborne electromagnetic and ground gravity surveys that were completed to ensure the optimal targets are tested".

Highlights:

  • Purepoint is planning three initial diamond drill holes at an average depth of approximately 400 metres each.

  • The targeted electromagnetic conductor lies within an east-west trending magnetic low, considered to represent pelitic basement rocks, a typical host rock for economic uranium mineralization.

  • The Huskie Uranium deposit, discovered by Denison in 2017, is due west of the Henday Lake project and is associated with an east-west trending magnetic low.

  • Depending on initial results and timing, Purepoint can extend this drilling program if appropriate.

  • Work to date on the project is outlined in detail in an NI 43-101 compliant technical report which can be found on the Company's website.

Henday Lake

The 100% owned Henday Lake property is 1,029 hectares in size and consists of 2 claims. This property is located nine kilometres northwest of Orano's Midwest Lake deposit (41 million lbs. U3O8) and ten kilometres west of Rio Tinto's Roughrider Deposit (57 million lbs. U3O8).

Only one drill hole is known to have been drilled on the property. Hole HLH8-71 was drilled by Cogema Resources (now Orano Resources Canada Inc.) in 1998 and encountered a steeply dipping, strongly graphitic fault gouge at the bottom of the hole. The claims rest within a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization. The depth to basement is locally less than 350 metres.

Denison's recently discovered Huskie deposit is located approximately 10 km due east along strike from Henday Lake. An NI 43-101 technical report dated October, 2018 estimates the inferred resource of the Husky deposit to be 5.7 million Ibs. U3O8.

The Henday Lake property falls within the Mudjatik-Wollaston Tectonic Zone, a northeast trending structural zone along the eastern margin of the Basin. The Mudjatik-Wollaston Tectonic Zone is the NE trending high strain tectonic zone marking the boundary between the Archean gneisses and granitoids of the Mudjatik Domain to the west and Archean gneisses, metasediments, and pegmatite intrusions of the Wollaston domain to the east.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline of 12 advanced projects in Canada's Athabasca Basin, the world's richest uranium region. Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company's projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin. These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.

Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

For more information, please contact:
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

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

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97940

In this article, we discuss the 10 best international stocks in 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best International Stocks in 2021.

Diversifying your stock portfolio by increasing exposure to international companies working in high-growth areas is perhaps one of the best ways to hedge against risks, according to analysts. According to a study by consulting firm McKinsey & Company published in March 2021, the Mega 25 companies generated a collective market-capitalization growth of over $5.8 trillion. The Mega 25 includes international stocks such as Alibaba Group Holding Limited (NYSE: BABA), Apple Inc. (NASDAQ: AAPL), Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), and Sea Limited (NYSE: SE).

Furthermore, during the fourth quarter of 2020, international stocks began to gain traction in the global stock market propelled by anticipation for COVID-19 vaccinations. The international vaccine-manufacturing stocks are likely to have benefited most from the fast-growing biotech sector. German biotech firm BioNTech SE (NASDAQ: BNTX) has gained 258%, year-to-date. On the other hand, shares of British vaccine maker AstraZeneca PLS (NASDAQ: AZN) increased 16% year-to-date.

Our Methodology

With this context in mind, here is our list of the 10 best international stocks in 2021. Most of these companies are headquartered outside of the United States and operate internationally. These stocks were selected based on their basic business fundamentals, hedge fund sentiment, and analyst ratings. The stocks were chosen and ranked based on the number of hedge fund holdings as of the end of the second quarter of 2021, based on our data of 873 hedge funds.

Why use hedge fund sentiment to choose stocks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Best International Stocks in 2021

10. Toyota Motor Corporation (NYSE: TM)

Number of Hedge Fund Holders: 12

Toyota Motor Corporation (NYSE: TM) is a Japan-based multinational automotive manufacturer that produces vehicles under five brands, namely Lexus, Ranz, Hino, Daihatsu, and Toyota. Toyota ranks tenth on the list of the best international stocks in 2021.

Toyota Motor Corporation (NYSE: TM) markets vehicles in over 170 countries worldwide with manufacturing plants located in Europe, Africa, Asia & Middle East, Oceania, North America, and Japan. The company was founded in 1937 and started publicly trading in the NYSE in September 1999.

In April 2021, Toyota Motor Corporation (NYSE: TM) signed a definitive agreement to acquire the self-driving division of ride-hailing company Lyft for $550 million. The deal is expected to close in the third quarter of 2021.

On March 30th, Citi analyst Arifumi Yoshida resumed coverage on Toyota Motor Corporation (NYSE: TM) with a Buy rating. The analyst mentioned the company can deliver a 10% operating margin over fiscal 2022.

The company has a market cap of $278.79 billion and currently offers a dividend yield of 2.58%. In the fiscal fourth quarter of 2021, Toyota Motor Corporation (NYSE: TM) reported revenue of $69.44 billion.

Just like Alibaba Group Holding Limited (NYSE:BABA), Apple Inc. (NASDAQ:AAPL), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), BioNTech SE (NASDAQ:BNTX), AstraZeneca PLS (NASDAQ:AZN), and Sea Limited (NYSE:SE), Toyota Motor Corporation (NYSE: TM) is one of the best international stocks in 2021.

9. BioNTech SE (NASDAQ: BNTX)

Number of Hedge Fund Holders: 20

BioNTech SE (NASDAQ: BNTX) markets active immunotherapies for the treatment of diseases and it ranks ninth on the list of 10 best international stocks in 2021.

On August 31, the price target of BioNTech SE (NASDAQ: BNTX) was raised to $300 from $111 with a Neutral rating from UBS analyst Eliana Merle. The analyst believes BioNTech SE (NASDAQ: BNTX) plays a key role in the rollout of COVID vaccines.

The company has a market cap of $83.67 billion. In the second quarter of 2021, BioNTech SE (NASDAQ: BNTX) reported an adjusted EPS of $12.64, beating estimates by $3.68. The company’s revenue in the second quarter of 2021 came in at $6.23 billion, beating estimates by $2.35 billion.

Baron Funds mentioned BioNTech SE (NASDAQ: BNTX) in its Q2 2021 investor letter:

BioNTech SE is a leader in the emerging field of mRNA drugs, with additional programs in engineered cell therapies, antibodies, and immunomodulators. Shares performed well for the quarter as the COVID-19 vaccine rollout progressed, and we believe the pandemic has been a strong proof point of the speed and efficacy of the mRNA platform. Beyond vaccines, we think BioNTech has potential to disrupt the biopharmaceutical space with a pipeline spanning oncology, infectious diseases, and rare diseases.”

8. Rio Tinto Plc (NYSE: RIO)

Number of Hedge Fund Holders: 21

Rio Tinto Plc (NYSE: RIO) is an Australian metals and mining corporation based in London that ranks eighth on the list of 10 best international stocks in 2021. The global mining giant operates in over 35 countries worldwide with most of its assets strategically located in Australia, North America, Europe, Asia, Africa, and Central and South America.

This August, Wells Fargo analyst Edward Kelly upgraded Rio Tinto Plc (NYSE: RIO) to a Buy rating from a Neutral rating with a $105.77 per share price target. Kelly believes that RIO has a compelling FCF outlook.

The company has a market cap of $122.21 billion and currently offers a dividend yield of 9.01%.

Just like Alibaba Group Holding Limited (NYSE:BABA), Apple Inc. (NASDAQ:AAPL), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), BioNTech SE (NASDAQ:BNTX), AstraZeneca PLS (NASDAQ:AZN), and Sea Limited (NYSE:SE), Rio Tinto Plc (NYSE: RIO) is one of the best international stocks in 2021.

7. Nokia Corporation (NYSE: NOK)

Number of Hedge Fund Holders: 26

Nokia Corporation (NYSE: NOK) is a multinational consumer electronics manufacturer based in Finland. The company specializes in telecommunications, information technology, and electronics. Nokia Corporation has operations in over 130 countries. Nokia Corporation (NYSE: NOK) ranks seventh on the list of 10 best international stocks in 2021.

Recently, Nokia Corporation (NYSE: NOK) released its Nokia 5.3, an Android phone made in India. The smartphone has a 64MP quad-camera and provides 2 days of battery life with one charge.

On August 3, Societe Generale analyst Aleksander Peterc raised the price target of Nokia Corporation (NYSE: NOK) to $7.81 from $6.27 per share and kept His Buy rating on the stock.

The company has a market cap of $29.33 billion. In the second quarter of 2021, Nokia Corporation (NYSE: NOK) reported an EPS of $0.11, beating estimated by $0.05. The company reported second-quarter revenue of $6.32 billion, beating estimates by $193.68 million.

6. Canadian Natural Resources Limited (NYSE: CNQ)

Number of Hedge Fund Holders: 27

Canadian Natural Resources Limited (NYSE: CNQ) is a hydrocarbon exploration company based in Canada and it ranks sixth on the list of 10 best international stocks in 2021. The company is the largest producer of oil and gas in Alberta with reserves in the Arctic and off the East Coast.

This August 6, TD Securities raised the price target of Canadian Natural Resources Limited (NYSE: CNQ) to $43.71 per share from $41.33 per share and kept its Buy rating on the stock.

The company has a market cap of $39.49 billion and currently offers a dividend yield of 4.51%. In the second quarter of 2021, Canadian Natural Resources Limited (NYSE: CNQ) reported an EPS of $0.99, beating estimates by $0.23. Following solid quarterly results, Canadian Natural Resources Limited (NYSE: CNQ) reported its expected FY2021 capital of $3.2 billion with a 1,225,000 BOD/d production.

Click to continue reading and see 5 Best International Stocks In 2021.

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Disclosure. None. 10 Best International Stocks In 2021 is originally published on Insider Monkey.

TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) is pleased to provide a corporate and operating update on its 91.1% owned Minera Tres Valles (“MTV”) property near Salamanca, Region de Coquimbo, Chile.

Papomono Masivo Block Caving Underground Construction and Resulting Preliminary Guidance

Construction began on this project in December 2020. Papomono Masivo (“PPM”) has proven and probable reserves of approximately 102 million pounds of contained copper with an average grade of 1.51%4. The development of PPM currently is at 71% for horizontal works and 85% for vertical works and the Company’s continued expectation is that PPM will be completed end of 2021/early 2022 with the planned ramp-up of production during 2022.

“We continue to improve the development rate of this project during the month of August (the advance rate being the best month on record), and we expect the fourth quarter’s projected advance rate to be similar,” said Joe Phillips, COO of the Company. “We have completed the critical ventilation shaft and the ore pass which will further accelerate the speed of our continued advance. We remain on track to commence the caving/mining process in December 2021 or early 2022.”

The resulting progress of the PPM project has provided the Company with the opportunity to provide preliminary guidance for 2022 and 2023. Copper production is expected to significantly increase in 2022 compared to 2021’s production range of 4,500 to 5,500 tonnes as the initial construction of the PPM project concludes and mining of PPM begins during the 2022 ramp-up year. Thereafter, it is expected that annual production between 13,000 and 16,000 tonnes of copper cathode will be attained in 2023 approaching the operation’s full production capacity. The Company’s production profile includes mineralized material from both Don Gabriel and PPM during 2022 and predominantly from PPM during 2023 together with material from ENAMI and third-party miners expected during both years. Looking forward to 2022 and 2023, Cash Costs are expected to fall significantly driven by higher grades from PPM and throughput coupled with decreased capital development and other sustaining capital programs. As the Company exits 2021 and completes its budgeting process, updates to this preliminary guidance may be required.

The preliminary outlook1 for 2022 and 2023 at MTV is as follows:

Operating information

Year Ended

Year Ended

Copper (MTV Operations)

Dec. 31, 2022

Dec. 31, 2023

Cu Production (tonnes)

8,000 – 10,000

13,000 – 16,000

Cu Production (pounds)

17.6M – 22.0M

28.7M – 35.3M

Cash Cost per Pound Produced2

$2.75 – $3.25

$1.80 – $2.30

Capital Expenditures3 ($ millions)

$5 – $10

$2 – $5

  1. Preliminary guidance is based on certain estimates and assumptions, including but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations, metallurgical performance and foreign exchange rates. Please refer to the amended and restated technical report prepared by Wood Independent Mining Consultants, Inc., in respect of the Minera Tres Valles Copper Project (the “Technical Report”) dated May 27, 2021 and to the Company’s SEDAR filings for complete risk factors related to the Company and MTV.

  2. Cash Cost is a non-IFRS measure – Cash costs of production include all costs absorbed into inventory less non-cash items such as depreciation. Cash costs per pound produced are calculated by dividing the aggregate of the applicable costs by copper pounds produced.

  3. Planned capital expenditures (“CAPEX”) for 2022 and 2023 are focused primarily on open pit expansion, plant CAPEX and sustaining CAPEX of PPM for the inclined block-caving mining project. It is expected that by early 2022, the underground operation at PPM will begin production and the resulting production growth is expected to lower per unit operating costs in 2022 and 2023 as the results of this CAPEX are realized.

  4. As per the Technical Report.

Copper Porphyry Target Identified

Further to the press release on September 15, 2021 announcing the commencement of the near-mine exploration drilling program at MTV, the Company announces that it has identified a new copper porphyry target in its license area.

The target is within an area previously mapped as a late Cretaceous granitoid intrusive. The identified target shows likely hydrothermal alteration characteristics of the phyllic zone of porphyry copper deposits, determined by processing ASTER satellite data sourced from the United States Geological Survey. The characteristic minerals produced by phyllic hydrothermal alterations can be detected using ASTER data in areas without thick vegetation and/or soil cover like this part of Chile because of their spectral absorption features. When exposed at the Earth’s surface, they preferentially absorb certain frequencies of sunlight in the short-wave infrared range, and ASTER has the spectral bands to enable the detection of their resulting spectral signature.

The identified central core has dimensions of approximately 2km by 1km, which outlines the surface footprint of the target. It is surrounded by a darker shade topographically elevated rim. There is also a nearby copper deposit described as a skarn, and it is notable that copper skarns are often nearby porphyry deposits, providing another positive indicator for this target.

“John Mortimer, our exploration consultant, has identified an exciting target for the Company,” stated Michael Staresinic, President and CEO of the Company. “Copper porphyry deposits are associated with some of the largest long life copper mines in the world, with Chile hosting the greatest concentration of these deposits. This target is an example of the broader potential of this property as we continue to identify additional targets on our 46,000 hectare land package. This target forms part of our new exploration section in our corporate presentation available on our website at https://www.threevalleycopper.com.”

Following the completion of the recently announced exploration campaign focusing on 6,000 to 8,000 meters of proposed drillings near MTV’s existing mines, additional efforts will be directed towards this copper porphyry target.

Figure 1

Copper Porphyry Target Identified

Arbitration Update

In August 2021, the Company increased its ownership stake in MTV from 90.3% to 91.1% after a further opportunity to subscribe for newly issued shares of MTV. Consistent with its past actions, the minority shareholder of MTV did not participate in the subscription resulting in the dilution of their MTV ownership from 9.7% to 8.9%. Both the Company, through its 100% ownership in SRH Chile SpA, and the minority shareholder have selected their respective arbitrators, that together, with a to be agreed upon neutral third arbitrator, will form the arbitral tribunal that will adjudicate the shareholders’ dispute.

The Company remains confident in its position that the allegations made by the minority shareholder are baseless and unsubstantiated and reflect the minority shareholder’s attempt to receive preferential treatment contrary to the terms of the shareholders agreement (“SHA”). The Company and its legal counsel are of the strong and steadfast position that the claim is without merit and the Company has acted appropriately and in accordance with Chilean law, the Judicial Reorganization Agreement, the by-laws of MTV and the SHA in all respects. At this time and based on the timelines agreed to in the SHA, the Company estimates the arbitration process could take up to 10 to 12 months to complete.

Qualified Person

Dr. John Mortimer, a consultant to Three Valley Copper, a qualified person under National Instrument 43–101 – Standards of Disclosure for Mineral Projects has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release, contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to: the significance of any particular exploration program or result and the Company’s expectations for current and future exploration plans including, but not limited to, planned areas of additional exploration; the estimation of mineral reserves; development progress of the Company’s mineral projects; statements with respect to the timing and production of copper at the Don Gabriel and PPM sites; planned capital and operating costs; advancement of ongoing projects, including the progress and timing of completion of the inclined block-caving mining project, and the estimated capital costs required for completion; future operating costs given the completion of the block -caving mining project; the expectation that the Company will continue to receive mineralized materials from ENAMI and third-party miners; and the status and timing of the arbitration process with the minority shareholder.

Although TVC believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including: there being no additional significant disruptions affecting the development and operation of MTV; the availability of certain consumables (including water) and services and the prices for power and other key supplies; expected labour and materials costs and available supply; expected fixed operating costs; permitting and arrangements with stakeholders; certain tax rates, including the allocation of certain tax attributes, being applicable to MTV; the availability of financing for the Company's and MTV’s planned operations and development activities; assumptions made in mineral resource and mineral reserve estimates and the financial analysis based on these estimates, including (as applicable), but not limited to, geological interpretation, grades, commodity price assumptions, metallurgical performance, extraction and mining recovery rates, hydrological and hydrogeological assumptions, capital and operating cost estimates, and general marketing, political, business and economic conditions, the continued availability of quality management, critical accounting estimates, all terms of the restructuring agreement and facility agreement to which MTV and the Company are parties will be satisfied in the future including no events of default, existing water supply will continue, supplemental water availability will continue, the geopolitical risk of Chile will remain stable, including risks related to labour disputes, the construction and expansion of mining operations including the Papomono Masivo incline block caving underground mining project, as well as the timing thereof and production therefrom; favorable outcomes of litigation and /or arbitration initiated by the minority shareholder of the Company’s operating subsidiary, MTV; the timing of production and results for the recently restarted Don Gabriel mine; and expected timelines for drawdown and repayment of indebtedness of MTV.

Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize, including: (i) possible variations in grade or recovery rates; (ii) copper price fluctuations and uncertainties; (iii) delays in obtaining governmental approvals or financing; (iv) risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to mineral reserves, production, costs and expenses; and labour, health, safety and environmental risks) and risks associated with the other portfolio companies' industries in general; (v) performance of the counterparty to the ENAMI Contract; (vi) risks associated with investments in emerging markets; (vii) general economic, market and business conditions; (viii) market volatility that would affect the ability to enter or exit investments; (ix) failure to secure additional financing in the future on acceptable terms to the Company, if at all; (x) commodity price and foreign exchange fluctuations and uncertainties; (xi) risks associated with catastrophic events, manmade disasters, terrorist attacks, wars and other conflicts, or an outbreak of a public health pandemic or other public health crises, including COVID-19; (xii) those risks disclosed under the heading "Risk Management" in TVC’s Management’s Discussion and Analysis for the period ended December 31, 2020; and (xiii) those risks disclosed under the heading "Risk Factors" or incorporated by reference into TVC’s Annual Information Form dated March 3, 2021. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and SRHI does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.

Cautionary Note to United States Investors Concerning Estimates of measured, indicated and inferred mineral resources

This news release may use the terms "measured", "indicated" and "inferred" mineral resources. Historically, while such terms were recognized and required by Canadian regulations, they were not recognized by the United States Securities and Exchange Commission (the “SEC”). The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). These amendments became effective February 25, 2019 (the “SEC Modernization Rules”) with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which will be rescinded from and after the required compliance date of the SEC Modernization Rules. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured”, “indicated” and “inferred” mineral resources. In addition, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves” to be substantially similar to the corresponding Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required by NI 43-101. Investors are cautioned that "Inferred mineral resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

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

Vancouver, British Columbia–(Newsfile Corp. – September 27, 2021) – Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (the "Company") is pleased to announce that it has completed an oversubscribed second tranche of its previously announced non-brokered private placement (the "Private Placement"). Stephen Goodman, President states that, "The Company appreciates the support of existing shareholders and insiders, and welcomes our new investors." Proceeds will be used to advance the company's assets, primarily its MacArthur copper oxide project in Nevada, and general working capital.

Pursuant to the closing of the second tranche, the Company has issued 12,863,669 units ("Units") at a price of US$0.06 (C$0.075) per Unit for gross proceeds of US$771,820 (C$964,775). Combined with the first tranche, the Company has raised US$2,338,170 (C$2,922,713) in the Private Placement. Due to strong demand the Company is also increasing the total offering to up to an aggregate US$2.7 million in gross proceeds, and will seek to complete a third tranche closing shortly on the same offering terms.

Each Unit consists of one common share of the Company and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of US$0.10 per share for a period of three years from the date of closing. The Warrants contain a forced exercise provision if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (the "Exchange") is equal to or greater than US$0.30 for a period of 10 consecutive trading days.

The securities issued pursuant to the second tranche will be subject to a hold period expiring on January 28, 2022 in accordance with applicable securities laws.

In connection with the completion of the second tranche of the Private Placement, the Company paid a total of US$17,354 and issued 289,240 finder's warrants as finder's fees to PI Financial Corp. and Haywood Securities Inc. The finder's warrants will be exercisable at US$0.10 per share for a period of 3 years from the date of closing.

In connection with this closing of the Offering, the Company issued Units to two directors of the Company. As a result, this tranche of the Private Placement constituted a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 ("MI 61-101"). The Company has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 and MI 61-101 are available for the issuance of the Units to related parties. The Company is relying on section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement on the basis that the fair market value of insider participation is not more than 25% of the Company's market capitalization.

In addition, the Company announces that it has granted incentive stock options pursuant to its stock option plan to various directors and officers of the Company, to purchase up to an aggregate of 4,500,000 common shares of the Company. The stock options are exercisable at a price of $0.11 per share and expire five years from the date of grant.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

Mr. Travis Naugle, CEO, states that, "the advancement of the MacArthur copper oxide project has the potential to make a significant positive impact in local community and to provide the critical resources in the battle to combat climate change. We look forward to keeping our stakeholders apprised as we continue to advance this important project."

On behalf of the Board of Directors,
Stephen Goodman
President

For more information please contact:
Karen Robertson
Corporate Communications
778-898-0057

Email: info@quaterra.com
Website: www.quaterra.com

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97818

(Reuters) – Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday.

The agreement comes after weeks of second-round talks between the two parties after the first round of negotiations over proposed changes to workers' retirement benefits and unresolved grievances had failed to go through in July.

Unifor, which represents about 900 workers at the miner's aluminium smelting plant in Kitimat and power generating facility in Kemano, had started a strike action at BC Works in July after the failed first round of talks.

"Both parties are satisfied that the proposed agreement will provide a foundation for respect in the workplace and underpin a competitive and sustainable future for BC Works," Rio Tinto said in a statement on its website on Sunday.

Both parties, however, refrained from revealing the details of the agreement until Unifor presented the proposed deal to its members and sought a ratification vote, which is expected to be conducted in the coming days, Rio added.

(Reporting by Sameer Manekar in Bengaluru; Editing by Emelia Sithole-Matarise)

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