BRISBANE, Australia and OTTAWA, June 02, 2021 (GLOBE NEWSWIRE) — SolGold Plc (LSE:SOLG; TSX:SOLG) (“SolGold”) and Cornerstone Capital Resources Inc. (TSXV:CGP; OTC:CTNXF; FWB:GWN1) (“Cornerstone”) (together the “Parties” and individually, a “Party”) are pleased to announce today they have agreed to work cooperatively to advance the Cascabel Project in northern Ecuador.

Concurrently with advancing the Cascabel Project, the Parties will explore and evaluate a range of strategic and financing options focused on maximizing value for their respective shareholders with respect to the Cascabel Project.

The respective Boards of Directors of the Parties are committed to this strategy while simultaneously supporting management and employees in their ongoing efforts to advance the Cascabel Project including finalization and delivery of a new technical report. Both SolGold and Cornerstone believe that pursuing these complementary paths is in the best interests of their respective shareholders, employees and stakeholders and is designed to maximize value for each company.

Liam Twigger, Chairman of SolGold, and Greg Chamandy, Chairman of Cornerstone jointly stated: “We are committed to fostering a positive working relationship between SolGold and Cornerstone for the benefit of our respective shareholders. Our focus remains on maximizing shareholder value by cooperatively advancing Cascabel with the input of both of our respective management teams and pursuing all potential value enhancing initiatives.”

Keith Marshall, Interim CEO of SolGold commented: “For too long our companies have been pulling in different directions. This initiative provides an opportunity for both companies to put away their differences and to work together for the collective good of the Cascabel Project”.

Nick Mather, a Director of SolGold, commented: “I am welcoming this initiative and I am 100% supportive as I believe it can maximize value for SolGold shareholders which has been my objective from the very beginning. Delivering an updated technical report that reduces the risk profile of Cascabel along with advancing discussions with Cornerstone in parallel, is the correct strategic decision and will benefit SolGold shareholders.”

Brooke Macdonald, President and CEO of Cornerstone, added: “Our focus is aligned with respect to lowering the development risk at Cascabel and accessing the high-grade core at Alpala that currently has 442MT at 1.40% CuEq in the measured & indicated category including 359MT at 1.47% CuEq in the measured category alone based on MRE#3¹.”

Advisors

Cornerstone’s financial advisors are Maxit Capital LP and Paradigm Capital Inc.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 20.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.86% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact ir@cornerstoneresources.ca, or:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ In particular, this news release contains forward-looking statements including, without limitation, with respect to Cornerstone’s and SolGold’s intention to work cooperatively to advance the Cascabel Project in northern Ecuador, that Cornerstone and SolGold intend to explore and evaluate a range of strategic and financing options focused on maximizing value for their respective shareholders with respect to the Cascabel Project and that a new technical report in respect of the Cascabel Project will be completed. Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature and, in respect of the subject matter of this news release, no assurance can be given that the results of the exploration and evaluation of strategic and financing options will result in action of any particular type. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

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.

¹ See “Cascabel Property NI 43-101 Technical Report, Alpala Porphyry Copper-Gold-Silver Deposit – Mineral Resource Estimation, January 2021” with an Effective Date: 18 March 2020 and Amended Date: 15 January 2021 (the “Amended Technical Report”), filed at www.sedar.com on January 29, 2021.

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, June 2, 2021 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce that Nikolaos Cacos, President and CEO and Guillermo Pensado, VP, Exploration & Development will go through Blue Sky's June presentation including an overview of current operations and upcoming milestones.

You can register for the webinar below:

HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may also submit your question(s) beforehand via email to bluesky@rbmilestone.com.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/blue-sky-uranium-to-host-live-webinar-on-wednesday-june-2nd-at-2pm-et1100am-pst-301303525.html

SOURCE Blue Sky Uranium Corp.

TSX: GPR | NYSE American: GPL

This news release constitutes a "designated news release" for the purposes of Great Panther's prospectus supplement dated July 9, 2019, to its short form base shelf prospectus dated July 2, 2019

VANCOUVER, BC, June 2, 2021 /CNW/ – Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, is pleased to announce the appointment of Sandra Daycock as Chief Financial Officer ("CFO") and Fernando Cornejo as Chief Operating Officer ("COO"). Neil Hepworth will be retiring as COO, effective June 30, 2021.

"Sandra's breadth of experience and proven leadership skills are a great addition to our executive management team," stated Rob Henderson, President & Chief Executive Officer. "Sandra has demonstrated a strong capability for strategic business planning and corporate development since joining Great Panther earlier this year. I have high confidence in her ability to lead the finance team and look forward to working with her."

Ms. Daycock has been appointed as CFO effective immediately. Ms. Daycock joined Great Panther in March 2021. She brings over 20 years of financial management and capital markets experience in a commodity industry setting, including seven years in senior management. Prior to joining Great Panther, Ms. Daycock served as Director, Corporate Development at Methanex Corporation, the world's largest producer and supplier of methanol. While at Methanex Ms. Daycock also held leadership positions in investor relations, treasury, tax and FP&A. She is a Certified Professional Accountant (CPA – CMA B.C.) and she holds a Bachelor of Arts (Honours) and Master of Arts in Economics, both from the University of Manitoba.

Mr. Cornejo will assume the role of COO effective July 1, 2021. He was appointed as Great Panther's Vice President of Projects & Technical Services in July 2019 and promoted to Vice President, Operations Brazil in March 2020. Mr. Cornejo brings close to 20 years of experience in senior management roles in the mining industry. Before joining Great Panther, Mr. Cornejo served as Vice-President, Projects & Technical Services of Aura Minerals Inc. where he successfully led the re-engineering and subsequent re-start of two open pit and underground mining operations in Brazil and Mexico. Mr. Cornejo holds a master's degree in Chemical Engineering from École Polytechnique de Montréal and is a member of the Professional Engineers of Ontario.

Mr. Henderson continued: "Fernando has played a key role in advancing our presence in Brazil and I am pleased to promote him to Chief Operating Officer. Fernando has demonstrated a strong ability to identify, coordinate and successfully implement operational improvements across our operations. We are excited to benefit from Fernando's leadership and industry expertise as we continue to grow Great Panther's production profile."

"Neil has been a valuable member of our executive management team since 2019 and has contributed significantly to the Company through his leadership of our operating mines in Brazil and Mexico," stated Mr. Henderson. "Neil has worked closely with Fernando to ensure a smooth transition of his responsibilities. I would like to thank him for his support and wish Neil all the best in his retirement."

ABOUT GREAT PANTHER

Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico, and Peru, including three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.

View original content to download multimedia:http://www.prnewswire.com/news-releases/great-panther-announces-cfo-and-coo-appointments-301303469.html

SOURCE Great Panther Mining Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/02/c9417.html

Completion of Regional Airborne VTEM Geophysical Program Announced

Toronto, Ontario–(Newsfile Corp. – June 2, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce it has initiated a fully funded, expanded exploration program at the Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte Mining District of Newfoundland and Labrador, Canada. Exploration activities are underway with two drills exploring along the highly prospective Hammerdown Deformation Zone and will work outwards to new high priority targets throughout 2021 and into 2022.

Program Highlights

• 40,000 metre ("m") of exploration drilling and additional geophysical surveys including:

  • 30,000 m planned near the Hammerdown and Orion gold deposits targeting resource expansion in and around the proposed open pit and underground workings outlined in the Preliminary Economic Assessment ("PEA") released on February 29, 2020

  • 10,000 m allocated to drill test several new regional targets including Whisker Valley and Gull Ridge where high grade gold, silver and copper mineralization was encountered during 2020

• VTEM survey completed across 358 km² land package identifying several highly conductive anomalies

"Maritime has made significant progress in the past 15 months advancing Hammerdown though a positive PEA, completing the acquisition of the Nugget Pond gold plant and the recent release of the Project from the Environmental Assessment. We are extremely excited about the expanded and fully funded 40,000 m drill program that we believe will unlock significant value for the Company," adds Garett Macdonald, President and CEO. "The priority will be targeting resource growth along the Hammerdown Deformation Zone. Historically this area has been underexplored, especially during the early 2000's when gold prices averaged US$300/oz and Hammerdown was operating with a cut-off grade of over 8.0 gpt Au. Our exploration teams are combining new data from several sources including machine learning (AI), the latest in geophysical surveys, pXRF mapping and soil sampling. Along with the review of historic drilling, the use of these new technologies have already led to several high priority conductivity and chargeability targets identified across the Green Bay, Whisker Valley and Gull Ridge projects," continued Mr. Macdonald.

Hammerdown Deformation Zone Exploration

During the latter part of the 2020 exploration program, Maritime's exploration teams discovered two new gold zones adjacent to Hammerdown and Orion deposits. This included 6.9 gpt Au / 6.0 m, including 19.9 gpt Au / 2.0 m in drill hole GA-20-35 (see news release dated February 1^st, 2021) located 150 m east of Hammerdown at a depth of 150 m and 22.7 gpt Au / 0.44 m in drill hole BB-20-123 (see news release dated January 7^th,2021) located 300 m northeast of the Orion deposit. These discoveries highlight the mineral potential along the deformation zone and the opportunities which exist within 1.0 km of the existing deposits, especially in the 2.0 km gap between Hammerdown and Orion where only 11 holes totaling 2,450m have been drilled historically.

The Orion deposit remains open at depth and in late 2020 a wide zone of continuous, felsic mineralization was traced from surface to over 250m below surface. These drilling results included 5.2 gpt Au / 13.0 m in drill hole BB-20-130 (see news release dated January 7^th, 2021) and 8.0 gpt Au / 5.0 m in drill hole BB-20-132 (see news release dated January 19^th, 2021). The 2021 exploration program will initially follow up on these new discoveries and then step out to test new targets, systematically working outwards across the entire property.

Figure 1: Hammerdown Deformation Zone

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4548/86149_mariti2.jpg

Geophysical Survey Program

The Company has engaged Geotech Ltd. ("Geotech") to carryout a deep looking regional Z-TEM (Z-Axis Tipper Electromagnetic) survey. ZTEM surveys are designed to map significant structures and geological units with potential to host mineralization at depths exceeding 1-2 km, making these surveys ideal for exploring deep rooted porphyry systems and the sources of near surface mineralization.

Development of a 3-Dimensional common earth model, which incorporates geophysics, geochemistry, and bedrock geology to aid in planning future exploration work and vectoring in on priority targets utilizing machine learning (AI) technology is underway. Maritime is also carrying out a comprehensive field mapping and sampling program along prospective trends. This includes utilizing tools such as a Beep-Mat to detect hidden or buried mineralized rocks and outcrops. A Beep-Mat System has been field tested by Maritime personnel at the Hammerdown deposit and has detected gold mineralized bedrock beneath a couple of meters of overburden.

Maritime began employing alteration mapping technology including pXRF (Portable X-Ray Fluorescence) lithogeochemical surveys which will assist in rapid identification of key pathfinder minerals associated with zones of base and precious metal enrichment. Alteration mapping is a commonly used technique to vector towards the most intensely altered and highest grade portions of regional scale porphyry systems.

Regional Airborne VTEM Survey

The Company recently completed a high-resolution airborne VTEM (Versatile Time Domain Electromagnetic) and magnetic geophysical survey across 100% of its land holdings. The survey was completed by Geotech and covers the now contiguous 358 km² Green Bay, Whisker Valley and Gull Ridge properties. Over 50 strong conductive anomalies were identified which may be due to massive or semi-massive sulphides. There are several known polymetallic massive sulphide horizons on the property which have associated gold mineralization both in the horizon and as distinct zones proximal to the massive sulphides.

In addition to the numerous conductive anomalies, a series of large-scale conductive lows were also identified. These have been interpreted by geophysicists as potential zones of widespread disseminated sulphides. Gold mineralization is commonly associated with disseminated sulphides across the property. The Company is currently working with Geotech on an advanced targeting study where the VTEM data is reprocessed to provide Airborne IP (AIIP) to better define the multiple zones of chargeability.

Figure 2: Project Map Depicting Total Magnetic Intensity (TMI), Mineral Occurrences and VTEM Geophysical Targets

(Dashed circles indicate target areas)

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4548/86149_7bef3970644cca1f_002full.jpg

Figure 3. Whisker Valley – 19.1 gpt Au, 69.6 gpt Ag and 2.96% Cu (bedrock sample 463109)

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4548/86149_7bef3970644cca1f_003full.jpg

Regional Exploration – Greenfields Projects

As the Company proceeds with advancing Hammerdown, the regional exploration program has been expanded with the goal of advancing targets to discoveries. The substantial land position offers numerous multi-kilometre trends with gold and base metals identified in surface samples, outcrops and preliminary diamond drilling. A rigorous and systematic exploration approach is being carried out at each trend.

Conductivity Targets – Polymetallic targets (gold and base metals)

The VTEM survey has identified many high priority conductive anomalies throughout the region. The most significant anomalies have been identified at:

• Green Bay Project: Orion North, Hammerdown North, Spar Pond North, Birchy Pond, and Timber Pond

• Gull Ridge Project: Skate Pond, Black Brook, and Black Ridge

• Whisker Valley Project: Gary Vein system, Nest Prospect, Gull Pond, and Slink Pond

Ground geophysics (EM) target refinement and exploratory diamond drilling is underway or planned at these locations.

Chargeability Targets – Gold targets with disseminated sulphides

As indicated above, the VTEM chargeability targets are being re-processed to provide AIIP data. The most significant anomalies that have been identified from the initial VTEM survey are in the following areas:

• Green Bay Project: Southern Cross, Ursa Major and Minor prospects

• Gull Ridge Project: The Gull Ridge Pluton and Black Ridge

• Whisker Valley Project: Bartletts Pond

The Gull Ridge anomaly (which is associated with the Gull Ridge Pluton) is a 4 km diameter sub-round monzonitic intrusion known for having occurrences of broad scale disseminated sulphide mineralization and is thought to be the most attractive of these chargeability anomalies. This anomaly is believed to represent a new prospective porphyry target.

Regional diamond drilling focus

Previous exploration drilling across the Company's land holdings, including the Whisker Valley project, has revealed areas with extensive gold mineralization and indications of a more robust mineral system. The 2021 drilling and exploration will continue to vector towards the highest priority areas in the systems testing conductivity, chargeability, and geochemical targets. Further drilling of the Gary Vein system at Whisker Valley will focus on broader corridors of high-grade gold mineralization as seen in WH-20-12 which intersected 5.1 gpt Au over 5.8 m at a depth of 150 m below surface in the centre of the valley (see news release dated November 5^th, 2020).

Surface sampling in the Whisker Valley area has frequently identified high-grade gold mineralization in outcrop, glacial erratics and float samples (Figure 3, see press release dated September 11, 2020) with much of the outcropping mineralization confined to areas of trenching. In addition to the Beep-Mat exploration campaign, the Company will be employing pXRF technology to map the porphyry style alteration patterns which have been observed in many outcrops throughout the Whisker Valley and Gull Ridge region and is expected to aid in developing alteration vectors towards the most prospective areas.

About Maritime Resources Corp.

Maritime holds a 100% interest- directly and subject to option agreements entitling it to earn 100% ownership- in the Green Bay Property. This includes the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

On Behalf of the Board:

Garett Macdonald, MBA, P.Eng.
President and CEO

For further information, please contact:

Tania Barreto, CPIR
Head of Investor Relations
1900-110 Yonge Street, Toronto, ON M5C 1T4
www.maritimeresourcescorp.com

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Qualified Person:

Exploration activities at the Hammerdown Gold Project and Whisker Valley are administered on site by the Company's Exploration Manager, Larry Pilgrim, P.Geo and Technical Advisor Jeremy Niemi, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Caution Regarding Forward Looking Statements:

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends", "indicates" "plans" and similar expressions. Forward-looking statements include statements concerning the potential to increase mineral resource and mineral reserve estimates, the Company's decision to restart the Project, the Company's plans regarding depth extension of the deposit at Hammerdown, the Company's plans regarding completing additional infill and grade control testing within the PEA mine plan, the Company's plans regarding drilling targets previously identified, the anticipated timing of receiving permits for construction and development of Hammerdown and, and the Company's decision to acquire new mineral property interests and assets, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including market reaction to the coronavirus outbreak; competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision at Hammerdown and executing exploration programs at its Newfoundland and Labrador properties on the Company's proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company's properties; uncertainty as to whether the acquisition of assets and new mineral property interests including the Nugget Pond gold circuit will be completed in the manner currently contemplated by the parties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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/86149

Shareholder Proxy Voting Deadline is Monday, June 7, 2021 at 10:00 a.m. (Toronto time)
Shareholder Questions or Require Voting Assistance?
Contact Laurel Hill Advisory Group toll free at 1-877-452-7184 by email at assistance@laurelhill.com.

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") announces that leading independent international corporate governance analysis and proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co., (“Glass Lewis”) have recommended that Noront shareholders vote FOR all of the Company’s director nominees who are standing for election at Noront’s upcoming Annual and Special Meeting of Shareholders (the “Meeting”) being held on June 9, 2021 at 10:00 a.m. (EDT), and FOR the other items of business. ISS and Glass Lewis provide voting recommendations to their subscribers after carefully considering what is in the best interests of shareholders.

Further details regarding the items of business to be voted on at the Meeting can be found in Noront’s Proxy Circular, available on SEDAR (www.sedar.com). Given the ongoing COVID-19 pandemic, the Company urges shareholders to vote by proxy, ahead of the Meeting.

YOUR VOTE IS IMPORTANT! – PLEASE VOTE TODAY

Voting is easy. Due to the essence of time, vote via the internet or by phone following the instructions found on your form of proxy or voting instruction form.

Please submit your vote well in advance of the proxy voting deadline at 10:00 a.m. (Eastern Daylight Time) on June 7, 2021.

Noront may utilize Broadridge’s QuickVote™ service to assist eligible Non-Registered Holders with voting their shares directly over the telephone.

The Board of Directors recommends that shareholders vote FOR all of the director nominees and meeting resolutions.

Shareholder Questions and Assistance with Voting
Shareholders who have questions or require voting assistance may contact Noront’s shareholder communication advisor and proxy solicitation agent, Laurel Hill Advisory Group, by telephone at 1-877-452-7184 (toll-free in North America) or 1-416-304-0211 (collect call outside North America) or by email at assistance@laurelhill.com.

About Noront Resources
Noront Resources Ltd. is focused on development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com

For more information please contact:

Shareholders:

Laurel Hill Advisory Group
1-877-452-7184 (toll-free in North America) or 1-416-304-0211 (collect call outside North America)
assistance@laurelhill.com

Media:

Ian Hamilton
ihamilton@longviewcomms.ca
(905) 399-6591

Janice Mandel
janice.mandel@stringcom.com
(647) 300-3853

CAUTIONARY LANGUAGE AND FORWARD-LOOKING STATEMENTS

This news release includes certain statements that may be deemed "forward-looking statements". Except for statements of historical fact relating to Noront, information contained herein constitutes forward-looking information, including any information related to Noront's strategy, plans or future financial or operating performance. Forward-looking information is characterized by words such as "plan", "expect", "budget", "target", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "will", "could" or "should" occur. In order to give such forward-looking information, the Company has made certain assumptions about its business, operations, the economy and the mineral exploration industry in general on each of the foregoing. In this respect, the Company has assumed that (i) required regulatory approvals are received for the Rights Plan, (ii) shareholders will ratify the Rights Plan, and (iii) the Rights Plan will work as expected to ensure that all Noront shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids". Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those described in, or implied by, the forward-looking information. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in, or implied by, the forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding Noront's expected performance and Noront's plans and objectives and may not be appropriate for other purposes. All forward-looking information contained herein is given as of the date hereof, as the case may be, and is based upon the opinions and estimates of management and information available to management of the Company as at the date hereof. The Company undertakes no obligation to update or revise the forward-looking information contained herein and the documents incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.

VANCOUVER, BC, June 1, 2021 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce it has entered into a binding letter of intent ("LOI") with Mirasol Resources Ltd. (TSXV: MRZ) ("Mirasol") for an option (the "Option") to acquire a 75% undivided interest in Mirasol's Libanesa silver-gold project ("Libanesa") in the province of Santa Cruz, Argentina. Under the terms of the LOI, Golden Arrow may exercise the Option by incurring certain exploration expenditures and making staged cash payments over six years.

Libanesa is a drill-ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Based on the work to date, Cerro Plomo is the principal target and is characterized by a mineralized Au/Ag hydrothermal breccia that is exposed at surface, and both chargeability and resistivity geophysical anomalies at depth. Trench results include:

• 6m at 0.8 g/t Au, 243.8 g/t Ag and 0.4% Pb

• 10.5m at 0.98 g/t Au, 53.4 g/t Ag and 0.9% Pb

• 11m at 1.21 g/t Au, 13.5 g/t Ag and 1.4% Pb

Additional targets within Libanesa include the peripheral polymetallic veins at the Libanesa Main prospect; and, the Lagunita prospect, which has reported rock chip values up to 7.2 g/t gold.

"Libanesa presents an excellent opportunity for discovery and provides Golden Arrow with a new exploration entry into this exciting area of Santa Cruz, which hosts multiple high-grade gold and silver mines," commented Joseph Grosso, Golden Arrow's Executive Chairman, President and CEO.

About the Libanesa Project

Libanesa is a 14,500 ha Ag-Au (Pb) project, discovered and staked by Mirasol. It is located at the north eastern margin of the Deseado Massif Au-Ag metallogenic province, approximately 70 km west from the port of Puerto Deseado, 40 km northwest of the Cerro Moro Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas mine operated by Cerrado Gold. (See Figure 1: Libanesa location in Santa Cruz Province.)

Libanesa is a drill-ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Based on the work to date, Cerro Plomo is the principal target and is characterized by a mineralized Au/Ag hydrothermal breccia that is exposed at surface, and both chargeability and resistivity geophysical anomalies at depth. Peripheral polymetallic veins at the Libanesa Main prospect represent secondary targets and are supported by base metal +/- Au mineralization. The Lagunita prospect is a third prospective zone, which has reported some encouraging rock chip Au values from more typical low sulfidation type epithermal veins and breccias. This prospect requires additional surface exploration to vector into the potentially better mineralized parts of this extensive vein system, where intermittent vein occurrences, outcropping/subcropping through post mineral cover, have been mapped over a strike length of at least 2.3 km.

The following is a summary of project data, provided by Mirasol and reviewed by Mirasol's Qualified Person (see Mirasol news releases July 23, 2007, July 21, 2008, February 27, 2009 and October 20, 2009). Readers are advised that Golden Arrow has not completed sufficient due diligence to verify the data or interpretations provided.

Libanesa Main prospect:

The Libanesa Main prospect lies along a dilational northwest structure and within a north-northwest corridor bounded by large-scale transfer faults that are clearly identified by the ground magnetic surveys. (see Figure 2: Libanesa Main structural setting.) The main outcropping geological unit comprises partially welded and massive, crystal-rich, rhyolitic flow tuffs intruded by an andesitic to trachytic dike swarm that displays a radial distribution.

The principal target at Libanesa Main is the Cerro Plomo hydrothermal breccia pipe, which is approximatively 50m in diameter and forms an obvious geomorphic positive relief feature at this prospect. The Cerro Plomo breccia pipe has returned strong Au/Ag mineralization from both rock chip sampling and trench sampling, displaying a geochemical signature characterized by a Ag(±Au)-base metal association (see Table 1, below, as well as Figure 3: Cerro Plomo geology and trench sampling results and Figure 4: Libanesa Main target areas and Au-Ag rock chip geochemistry). A trenching program completed to explore under shallow lacustrine sediments confirmed the continuity of the mineralization, which remains open under a clay pan (dry lake) to the south. Highlighted results from the trench sampling include:

• 6m at 0.8 g/t Au, 243.8 g/t Ag and 0.4% Pb

• 10.5m at 0.98 g/t Au, 53.4 g/t Ag and 0.9% Pb

• 11m at 1.21 g/t Au, 13.5 g/t Ag and 1.4% Pb

These positive geochemical results are coincident with shallow and deep-seated geophysical anomalies below the Cerro Plomo target that are defined by the Magnetotellurics (MT) and Audio MT (AMT) geophysical surveys completed by Mirasol (2009/2010 and 2019), further strengthening the target.

In addition, a series of epithermal polymetallic veins (Bajo Aspero, Anibal, NE Zone), located peripheral and outboard from the Cerro Plomo breccia system, and associated with patchy argillic/pyritic alteration, have returned a strong Ag-Au-Pb-Zn and As-Sb-Te geochemical signature. Notably, the Au values do not correlate well with other metals, but Ag values are strongly correlated with Pb, Cu and Sb (+/-As,Te). This distribution of mineralization suggests the presence of at least two mineralization events related to the polymetallic veins and the Cerro Plomo hydrothermal breccia at the Libanesa Main prospect.

Lagunita Prospect:

The Lagunita prospect, located approximately 6 km north of Cerro Plomo, is a 10 km² erosional window exposed through the quaternary gravel cover, where reconnaissance prospecting has identified multiple quartz veining and structural breccia occurrences. The local geology is comprised of small outcrops of Jurassic aged fine ash, rhyolitic tuffs, andesitic dykes and minor calcareous rocks. A strong northwest structural trend appears to focus pervasive silicification and emplacement of crystalline, drusy and saccharoidal quartz veinlets. At Lagunita, rock chip geochemistry returned good Au values (see Table 1) with lower Ag values and base metals including Pb, Zn and Cu, thus displaying a more typical low sulfidation epithermal signature and clearly distinguishing the Lagunita veins from the breccias and polymetallic veins located at the Libanesa Main prospect.

Table 1: Au and Ag geochemistry result statistics

Summary of Terms

The transaction contemplated in the LOI is subject to legal and technical due diligence and the finalization of a definitive agreement. Mirasol has granted Golden Arrow a 90-day exclusivity period.

Under the terms of the LOI, Mirasol will grant Golden Arrow an option to earn a 75% interest in Libanesa over six years (the "Option Period") by:

• incurring exploration expenditures totaling US$4,000,000

• making cash payments to Mirasol totaling US$1,000,000

The initial US$500,000 in exploration expenditures is a firm commitment, but it may be incurred over 24 months instead of 12 months, if the required exploration permits are not in place by October 2021. In addition, Golden Arrow is required to complete a minimum of 2,000m of drilling by the end of the second year. Golden Arrow will be the operator during the Option Period.

Upon completion of the option, Mirasol and Golden Arrow will hold 25% and 75%, respectively, in a participating Joint Venture company holding Libanesa. If either party's equity interest is diluted below 10%, it will convert to a 2% net smelter return royalty.

Qualified Persons

The technical portions of this news release have been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development to the Company and a Qualified Person as defined in National Instrument 43-101.

About Golden Arrow:

Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. The Company is well leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.

Golden Arrow is actively exploring a portfolio that includes a new epithermal gold project in Argentina, a district–scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO

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 may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

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SOURCE Golden Arrow Resources Corporation

VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced the appointment of Darren Klinck to the Board of Directors and Ian Pritchard and Luis Azevedo as strategic advisors. Brian McMaster and Luis Azevedo have resigned as Directors. These appointments add significant corporate and project related experience to the team responsible for advancing ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”) Project in northeastern Brazil.

“With these additions, the growing strength of ValOre’s team is highly evident. We are very honoured to have Darren, Ian and Luis fulfilling roles where their respective skills and expertise will have an immediate tangible impact on the success of ValOre,” stated Jim Paterson, ValOre’s Chairman and CEO. “We thank Brian and Luis for their service as board members for the past two years as representatives of Jangada Mines PLC, a significant ValOre shareholder. As Jangada advances the neighbouring Pitombeiras Vanadium Project and Jangada’s shareholdings in the Company have reduced over time, it now makes sense for these two gentlemen to step down from ValOre’s Board of Directors. We look forward to celebrating project-related successes for both Pedra Branca and Pitombeiras over the coming years as these will directly benefit the shared local communities.”

Darren Klinck – Director

Mr. Klinck is an accomplished mining executive with a wide range of management experience working throughout Australasia & The Americas. He was President & CEO of Bluestone Resources following the acquisition of the Cerro Blanco gold project in Guatemala in 2017 where he led the team that financed and advanced the project through resource expansion, feasibility and engineering phases of the project development. Prior to that, Mr. Klinck spent more than ten years with OceanaGold as a member of the Executive Committee that achieved significant growth and business expansion to become a multi-mine, international gold mining company growing from a sub-$100M CAD market capitalization to greater than $3B CAD market capitalization. At the end of his tenure there, he was Executive Vice President & Head of Corporate Development for OceanaGold Corporation responsible for overseeing the capital markets as well as the mergers and acquisitions strategy. Over the past 20 years, Mr. Klinck has been instrumental in negotiating both equity and debt financing packages totalling more than $800m and has significant experience leading teams in emerging markets with a strong focus on Corporate Social Responsibility (CSR) and community engagement programs as well as extensive government relations activities. He has a Bachelor of Commerce degree from the Haskayne School of Business at the University of Calgary.

Ian Pritchard – Advisor

Mr. Pritchard has over 30 years of experience in project and operations management in the mining industry both in North America as well as internationally, including, in particular, Brazil. Mr. Pritchard’s mining experience includes the management of pre-feasibility and feasibility studies, engineering, procurement and construction management projects. He has held senior executive positions at various organizations worldwide including SNC-Lavalin and De Beers Canada. Importantly for ValOre, Ian maintains a strong working relationship with ValOre’s team in Canada and Brazil and serves as an excellent mentor for this dynamic group as they advance the Pedra Branca project.

Luis Azevedo – Advisor

Mr. Azevedo is a licensed lawyer and geologist with over 35 years of international experience and over 25 years of business and mining experience specifically in Brazil.

He is a Managing Partner at FFA Legal Ltda., Non-Executive Director of Harvest Minerals, Jangada Mining, GK Resources and Talon Metals and previously worked for Western Mining Corporation, Barrick Gold Corporation and Harsco Corporation. Assembled land packages in Brazil resulting in IPOs of Canadian companies, including: Rio Verde, Paringa, Avanco, and Beadell.

In 2019, he was appointed Vice President of the newly formed Mining Council of the National Confederation of Industry (“CNI”) in Brazil, a major industry association that includes over 27 federations, and 1,250 unions.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 39 exploration licenses covering a total area of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about, ValOre Metals Corp. or this news release, please visit our website at valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca

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

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

Hole Encountered 40m of Mineralization Over 45m;
Including 29m of Continuous Mineralization Grading 2.05% CuEq

Expansion to Drilling Campaign Following C$100M Fairfax Financing Planned

VANCOUVER, BC, June 1, 2021 /CNW/ – Foran Mining Corporation (TSXV: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that its latest infill drill hole has delivered one of the widest intercepts of continuous high grade copper mineralization to date during its ongoing 30,000m drill program and continues to define a band of thick, copper-rich mineralization in both the Massive Sulphide ("MS") lens and the underlying Copper Stockwork Zone ("CSZ") at its 100% owned McIlvenna Bay Deposit in Saskatchewan, Canada.

Highlights:

• MB-21-216w1 intersected multiple zones of mineralization:

• In total, the hole intercepted all four zones of the deposit, representing over 40m of mineralization (non-contiguous) over 45m.

• Together with the previously announced results, Foran believes this impressive intercept supports its view that it is possible to upgrade and expand the indicated resource and underpin future reserve conversions in both the MS and the CSZ. Further expansion drilling is planned along this trend of thicker CSZ intersections, which remains open up dip and along plunge (see Figure 1).

• Foran intends to incorporate results from the program into a resource update planned for this summer and will follow with the release of a bankable feasibility study in Q4/21.

• Further, in light of the recently announced C$100M strategic investment from Fairfax, Foran is considering a potential expansion to its exploration program at McIlvenna Bay and the broader Hanson Lake District in order to test the many exciting targets on the property. The Company is therefore scaling up the programs and will advise the market of its plans in due course.

Dan Myerson, Executive Chair of Foran, commented: "Hole MB-21-216w1 has delivered the widest intercept of continuous copper rich mineralization ever encountered at the McIlvenna Bay deposit. It provides us with additional optimism in our ability to expand the indicated category resource, and therefore further increase the mine life at McIlvenna Bay. This is yet another of a series of holes drilled along the upper plunge line of the deposit that continues to define a band of thick, high grade copper mineralization hosted in both the MS and the CSZ. These strong results bode well for future mining costs and ultimate economics as we optimize the throughput of our envisioned centralized mill within the Hanson Lake District and prove out the value of McIlvenna Bay and this multi-generational camp.

"Based on very encouraging results from the current campaign and the recent C$100M investment from Fairfax, we are considering various options to accelerate and increase the scale of our exploration program. Foran is uniquely positioned, well capitalized and prepared to demonstrate both the near and long term upside at McIlvenna Bay and the broader Hanson Lake District. There is tremendous potential throughout our land holdings, and we look forward to providing more details on exploration programs for the remainder of 2021 and into 2022."

Further information

The 2021 drill program at McIlvenna Bay has been underway since mid-January. To date, approximately 13,000m of infill and expansion drilling has been completed of the planned 30,000m drill program. The program has generally focused on increasing the density of drilling in the deeper parts of the Deposit to convert current inferred resources to the indicated category. All holes drilled to date have successfully intersected the deposit with many high-grade results from this year's drilling. Detailed results from the recent hole MB-21-216w1 are provided in Table 1 below.

The deposit remains open for expansion both up/down dip and along plunge with further drilling. In the near term, a series of step out holes are planned which target a corridor of thick (>10m) CSZ intersections from previous drilling (see figure 1). It appears that additional drill holes along this corridor could result in significant copper intersections with above average thickness. If the drilling in this area returns results as expected, it could have a positive impact on the planned revised resource estimate that will provide the basis for the Feasibility Study.

Table 1: Significant Drill Intercepts from the McIlvenna Bay Winter Program¹:

Quality Assurance and Quality Control

Drilling was completed using NQ size diamond drill core and core was logged by employees of the Company. During the logging process, mineralized intersections were marked for sampling and given unique sample numbers. Sampled intervals were sawn in half using a diamond blade saw. One half of the sawn core was placed in a plastic bag with the sample tag and sealed, while the second half was returned to the core box for storage on site. Sample assays are being performed by TSL Laboratories Ltd. ("TSL") in Saskatoon, Saskatchewan. TSL is a CAN-P-1579, CAN-P-4E (ISO/IEC 17025:2005) accredited laboratory and independent of Foran. Analysis for Ag, Cu, Pb and Zn is performed using atomic absorption spectrometry ("AA") after multi-acid digestion. Au analysis is completed by fire assay with AA finish. Any samples which return results greater than 1.0 g/t Au are re-run using gravimetric finish. A complete suite of QA/QC reference materials (standards, blanks and pulp duplicates) are included in each batch of samples processed by the laboratory. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data.

Qualified Person

Mr. Roger March, P. Geo., Senior Geoscientist for Foran, is the Qualified Person for all technical information herein and has reviewed and approved the technical information in this release.

About Foran Mining

Foran Mining is a copper-zinc-gold-silver exploration and development company, and we are committed to supporting a greener future, empowering communities, and creating circular economies which create value for all our stakeholders, while also safeguarding the environment.

Our goal is to build the first mine in Canada designed to be carbon neutral from day one of production. We are in the feasibility stage of development for our flagship McIlvenna Bay project in eastern Saskatchewan.

McIlvenna Bay is a copper-zinc-gold-silver rich VMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. McIlvenna Bay sits just 65km from Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225km.

McIlvenna Bay is the largest undeveloped VMS deposit in the region. The Company filed a NI 43-101 Technical Report for the PFS on the McIlvenna Bay Deposit on SEDAR on April 28, 2020. Foran's copper-zinc VMS Bigstone Deposit is expected to serve as additional feed for the mill at McIlvenna Bay. The Company filed a NI 43-101 Technical Report for the Bigstone Deposit's first resource estimate on January 21, 2021.

Foran trades on the TSX.V under the symbol "FOM" and on the OTCQX under the symbol "FMCXF".

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

Forward Looking Statements

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management's current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: complete the feasibility study in a timely manner, including the anticipated capital and operating costs, sustaining costs, net present value, internal rate of return, payback period, process capacity, average annual metal production, average process recoveries, anticipated mining and processing methods, proposed PFS production schedule and metal production profile, anticipated construction period, anticipated mine life, expected recoveries and grades, anticipated production rates, infrastructure, social and environmental impact studies; future financial or operating performance of the Company, subsidiaries and its projects; estimation of mineral resources;, exploration results;, opportunities for exploration, development and expansion of the McIlvenna Bay Project and its potential mineralization; achieve carbon neutral status from day one of production; the future price of metals; the realization of mineral reserve estimates; costs and timing of future exploration; the timing of the development of new deposits; requirements for additional capital, foreign exchange risk, government regulation of mining and exploration operations, environmental risks, reclamation expenses, title disputes or claims, insurance coverage and regulatory matters. In addition, these statements involve assumptions made with regard to the Company's ability to develop the McIlvenna Bay Project and to achieve the results outlined in the PFS, and the ability to raise capital to fund construction and development of the McIlvenna Bay Project.

These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve and resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; success of the Company's projects, including the McIlvenna Bay Project; prices for zinc, copper, gold and silver remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in zinc, copper, gold and silver prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Canada, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.

These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.

SOURCE Foran Mining Corporation

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As OilPrice.com reported today, a committee of the OPEC+ group of nations (OPEC, plus a few other oil-producing nations such as Russia that also have an interest in oil prices), decided today to continue with a planned increase of 840,000 barrels per day (bpd) in July production quotas. Oil demand is expected to grow by 6 million bpd, or 6.6%, to 96.5 million bpd on average this year, OilPrice.com said, as economies open back up and demand for energy surges. By the fourth quarter this year, OPEC+ predicts global demand will surpass 99 million bpd, great news for oil stocks.

TERRE HAUTE, Ind., June 01, 2021 (GLOBE NEWSWIRE) — Hallador Energy Company (NASDAQ – HNRG) announced today it will join with Hoosier Energy Rural Electric Cooperative, Inc. to develop up to 1000 megawatts (MW) of renewable power. The new generation will be located near the Merom Coal Generation Station in Sullivan, IN which Hoosier Energy expects to retire in May 2023.

The plan calls for Hallador to develop approximately 200MW of energy from solar and battery storage through power purchase agreements with Hoosier Energy in 2025. Hallador will seek other customers to develop the remaining generation capacity at the Merom interconnection site.

"We are excited for the opportunity to work with Hallador Energy and open a path for them to develop renewable energy near the Merom Station,” said Donna Walker, President and CEO of Hoosier Energy. “While it may seem surprising for a coal producer to assist with a renewable transition, Hallador has been helping serve the needs of Hoosier Energy for 17 years. Not only will this conversion assist both companies in transitions to a greener future, but it will also benefit our members and their member-consumers as well.”

“Expanding Hallador’s portfolio to include renewable energy is the natural next step in the company’s evolution, “ said President and CEO Brent Bilsland.

“With today’s heightened focus on decarbonization, utilities are constantly evaluating the makeup of their generation. Thus, during these times of rapid change we are seeing coal plant retirement dates being both accelerated, for environmental reasons, and delayed, over grid stability concerns,” Bilsland said. “Hallador is now uniquely situated to support our customers through coal supply to existing plants while also offering a platform to help customers transition to solar and batteries at the time of their choosing. This flexibility we can now offer is good for our customers, employees, and our shareholders.”

Hallador is headquartered in Terre Haute, Indiana. To learn more about Hallador, visit our website at www.halladorenergy.com.

About Hoosier Energy
Founded in 1949, Hoosier Energy is a generation and transmission cooperative (G&T) with headquarters in Bloomington, Indiana. The G&T provides electric power and services to 18 electric distribution cooperatives in central and southern Indiana and southeastern Illinois. Collectively, the 18 members serve nearly 710,000 consumers. Hoosier Energy is an equal opportunity provider and employer. For more information, visit www.hoosierenergy.com.

CONTACT: Contact: Rebecca Palumbo, 303-913-8560

Syrah Resources Limited (ASX:SYR) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.

After the upgrade, the twin analysts covering Syrah Resources are now predicting revenues of US$37m in 2021. If met, this would reflect a huge 238% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$23m in 2021. It looks like there's been a clear increase in optimism around Syrah Resources, given the chunky increase in revenue forecasts.

View our latest analysis for Syrah Resources

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting Syrah Resources' growth to accelerate, with the forecast 238% annualised growth to the end of 2021 ranking favourably alongside historical growth of 56% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.9% annually. It seems obvious that as part of the brighter growth outlook, Syrah Resources is expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting for revenues to perform better than companies in the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Syrah Resources.

Still got questions? At least one of Syrah Resources' twin analysts has provided estimates out to 2022, which can be seen for free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.

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

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

Hundreds of billions of private dollars are being poured into the EV industry … and that’s on top of Biden’s $174 billion for subsidies and charging stations. 

There is no stopping the surge. 

General Motors (NYSE:GM) is investing $27 billion in EVs over the next five years. It used the Superbowl for its breakout. Now, it’s mainstreaming them as the all-American car choice.  

Ford (NYSE:F) is doubling its investment in EVs to $22 billion, and they’re planning to release their electric version of the Mustang and the F-150, the most popular vehicle in the U.S.

Amazon (NASDAQ:AMZN) dumped $700 million into EV startup Rivian, and as of January, it’s managed to boost its funding haul to $8 billion. 

The United States Postal Service signed a 10-year, multi-billion dollar contract with Oshkosh Defense to produce thousands of electric mail trucks.

United Airlines (NASDAQ:UAL) just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.

And Tesla’s (NASDAQ:TSLA) recent earnings report blew the roof off the electric house, with car deliveries doubling in early 2021. 

The U.S. Government fleets plan to go all electric, and profits are starting to plug-in for investors who saw the future in advance.

In a 12-month period …

Blink Charging (NASDAQ:BLNK) is up more than 1,509%…

Chinese Nio (NYSE:NIO) has gained 657%…

General Motors (NYSE:GM), whose stock couldn’t make a move at all prior to its EV push, has gained 94%. 

Now, it’s time to look for the next EV tie-in play.

Nothing fits that sentiment better than Canadian Facedrive (TSXV:FD,OTC:FDVRF). The innovative pioneer of carbon offset ride-sharing has been acquiring companies and adding EV tie-in verticals at a rapid clip over the past year. 

With these acquisitions, they’ve brought the EV boom into ride-sharing, food delivery and most stunningly, the emerging trend of car subscriptions.

All this is partly why they’ve seen shares jump over 45% over the last year…

And there’s likely much more to come here because this is a revenue growth story. 

Over the last twelve months, Facedrive's revenue grew by 552%. 

And now that Facedrive has announced a major government investment in their technology, we think their business could be set to take off in 2021.

Here are 3 reasons why you should be paying attention to Facedrive right now:

1 – Leveraging Auto Giants for the Gig Economy

Many of the biggest EV stories of late have come from auto giants unveiling new models or companies working on building out the infrastructure, like Blink Charging …

But Facedrive–always an innovator–is taking a different approach.

Instead, they’re using the cars those automakers have already made and turning them into an EV-related ecosystem.

Uber built its $96-billion business by leveraging cars that weren’t their own.

Facedrive (TSXV:FD,OTC:FDVRF) is aiming to do the same. It’s connecting customers to EVs through ride-sharing, food and pharma delivery and via car subscriptions with its most recent acquisition of Exelon-backed, Washington, D.C.-based Steer. 

Their ride-sharing model is simple. 

Customers request a ride and then pick conventional, hybrid or EV (at no extra charge). 

Facedrive’s algorithm crunches the numbers, setting aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.

Through next-gen tech and partnerships, they’re bringing EVs into the gig economy and leveraging them for revenues, without manufacturing a thing. 

That’s because Facedrive has also added a food delivery service, which has taken off since so many have been stuck at home during global lockdowns.

Today, they’re delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities across the U.S. and Canada soon.

But they’ve also gone beyond applying EVs to the gig economy and are offering a way for people to get behind the wheel themselves without the usual sticker shock.

2 – Reinventing The Standard Model

EV demand is soaring and looks unstoppable. 

By mid-decade, it’s forecast we’ll have the choice of more than 400 EV models. 

Forecasts say this could push EV sales to between six million and 11 million vehicles by 2025, rising to between 11 million and 19 million units a year by 2030.

With Facedrive’s acquisition of Steer, drivers can get the benefits without the large upfront cost.

Facedrive recently acquired the EV subscription company from the largest clean energy producer in the United States, and they’re aiming to change the way people think about using EVs.

This is where Netflix meets the EV boom, for a double surprise that could turn traditional car ownership model on its head.

With Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to their own virtual gallery of EVs, delivered on demand by concierge service.

So they can borrow one whenever they need it instead of buying an EV outright – and at a fraction of the cost of buying.

They had been up and running in the Washington D.C. market already…

And they’ve seen so much interest there that they’ve decided to expand further north, to roll out the service in Toronto as well.

Facedrive already has two of the largest metro areas in North America up and running, the eco-tech innovator is paving the way for a completely unique way to save drivers money in the EV boom.

3 – Eco-Friendly and Working on the COVID Front Lines

While Facedrive (TSXV:FD,OTC:FDVRF) has been busy helping bring EVs to mainstream use in creative ways, they’ve also been playing a role in the fight against COVID-19 in Canada. They're helping people get back to work—more safely. 

Partnering with the University of Waterloo, they’ve created a wearable contact tracing technology called TraceSCAN. 

It’s designed to help alert those without cell phones after they’ve been in contact with someone who’s tested positive for COVID-19.

That’s great news for those working in schools, airports, mining, long-term care facilities, and more.

And the demand for TraceSCAN has increased in recent months, as businesses work to open safely and responsibly.

Facedrive has now signed an agreement with Canada’s largest airline, Air Canada, to use this technology.

They’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.

And the government of Ontario is investing $2.5 million to help speed up the deployment of TraceSCAN to more users.

That started the ball rolling in a major way, with Facedrive as a tech innovator pressuring other governments and businesses around the world to adopt measures to get people back to work safely and jump start economies. 

2021 Is Where We Cement Our Electric Future

The EV boom isn’t just limited to manufacturing cars. 

It involves building an entire electric ecosystem and re-imagining what transportation looks like on all fronts.

Facedrive (TSXV:FD,OTC:FDVRF) fully expects to see its growth wave continue as it brings EVs to ridesharing, food delivery, and possibly the biggest disruptor yet–subscriptions.

Other Companies To Watch As Electric Cars Boom

General Motors (NYSE:GM) is one of the world's largest manufacturers, and they are now branching out into manufacturing electric cars. Though GM has been around for a long time, this new venture is an exciting step in their company's history. They are working hard to create cars that are environmentally friendly and will offer drivers a better overall driving experience.

That’s not all its working on, either. In October, auto industry legend, GM announced that it’s majority-owned subsidiary, Cruise, has just received approval from the California DMV to test its autonomous vehicles without a driver. And while they’re not the first to receive such an approval, it’s still huge news for GM. “Before the end of the year, we’ll be sending cars out onto the streets of SF — without gasoline and without anyone at the wheel. Because safely removing the driver is the true benchmark of a self-driving car, and because burning fossil fuels is no way to build the future of transportation,” explained Cruise CEO Dan Ammann in a Medium post.

Ford (NYSE:F) is another legacy automaker that has committed to the electric vehicle boom. And while it suffered a major downturn last year, Ford is already bouncing back, with its stock price more than doubling since May 2020. Ford also announced that it plans on spending over $27 billion on electric vehicle production over the next decade.

Just two weeks ago, Ford finally revealed its new F-150. An electric version of one of the hottest selling cars in the United States. While Tesla’s still-to-be-released Cyber Truck boasts higher specs, the announcement of the iconic F-150 electric model has been very well received, and it has been reflected in Ford’s stock price.

In addition to its all-electric array of vehicles, Ford, like GM, is also looking to get in on the autonomous car boom. For its part, Ford has recently revealed plans to launch its self-driving business in 2022. The new vehicles, in partnership with Argo AI, a Philadelphia-based autonomous vehicle startup, will include major upgrades from advanced Lidar technology and high resolution cameras. Ford plans to test these vehicles in Austin, Texas; Detroit; Miami; Palo Alto, California; Pittsburgh and Washington, D.C. as early as this month.

Toyota (NYSE:TM) has an interesting background… In fact, it was established as a loom manufacturing company by Sakichi Toyoda in 1926. In 1933, its first passenger car was produced, though it did not become profitable until after World War II. In 1947, the Toyota Motor Company (TMC) was created to oversee production of vehicles from both companies; during this time period TMC began developing new technology such as direct injection engines and hybrid powertrains for use on future models. From 2007 to 2011 all models sold were either partially or fully electric, and it has gone even further since.

The Toyota Prius was one of the first hybrids to hit the road in a big way. While the legacy hybrid vehicle has been the butt of many jokes throughout the years, the car has been a major success, and more importantly, it helped spur the adoption of greener vehicles over the past decade.

Bob Carter, TMNA executive vice president of sales explained, “We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago,” adding “Toyota’s new electrified product offerings will give customers multiple choices of powertrain that best suits their needs.”

Amazon (NASDAQ:AMZN) is taking a step towards the future and has filed patent for an electric delivery vehicle. The vehicle would have no driver, but instead be able to self-drive in order to deliver packages or even groceries. This will help make deliveries more efficient by not having to rely on human drivers.

The idea of self-driving vehicles may seem like a big change, but it's actually something that many companies are working on right now – and if we think about it, they're not too different than the cars we drive ourselves today!

Amazon has also made bold renewable projects, and aims to be 100% renewable within the next four years.

The announcement this week piggybacks last week’s 8,000-word press release that spoke of Bezos’ exit from CEO impressive 2020 financial numbers. But the press release included little about the giant’s impact on the climate. Forbes detailed last month that in 2020, Amazon’s emissions increased by 15% over the previous year. The total carbon emitted is 51.1 million tons.

United Airlines (NYSE:UAL) has announced that they will be using electric airplanes. This is the first time in history that an airline company has used such a vehicle for commercial flights. Experts are saying this may have a major impact on the environment and those who live near airports. It's predicted to save up to $140 million in fuel costs annually, which could translate into cheaper ticket prices for customers.

The use of electric airplanes also means less noise pollution, as well as fewer emissions from jet engines meaning cleaner air quality overall. With more people taking to the skies every year, it's hard not to see why this new technology offers so many benefits over traditional planes.

Tesla Inc. (NASDAQ:TSLA) is an American automotive and energy company based in Palo Alto, California. Founded by Elon Musk in 2003, the company specializes in electric cars, lithium-ion battery energy storage, solar panels and also sells its products online. Tesla's first car was the Roadster sports car which became a reality when they began accepting orders for it on July 22nd 2008. The company has gone through many ups and downs over the years but recently they have been experiencing more success than ever before with their Model S sedan that received critical acclaim from both Consumer Reports as well as Motor Trend magazine who named it Car of the Year 2013.

Tesla was the talk of Wall Street in 2020. Throughout the year, the de facto king of electric vehicles dominated headlines and defied expectations. The meteoric rise by Tesla stock has seen CEO Elon Musk leapfrog several billionaires including Bill Gates to become the second-richest man on earth with a net worth of over $155 billion. Musk even briefly surpassed Jeff Bezos at one point to become the richest man in the world.

Blink Charging (NASDAQ:BLNK) is an energy storage company with a focus on developing and deploying smart, flexible, cost-effective batteries to the grid. They are currently working on their first project in Southern California where they provide all-electric utility transportation services for the City of San Diego. Blink's goal is to create a more sustainable world by providing clean, reliable power for everyone.

And it’s paying off. Blink has risen by over 1500% since this time last year. And the sky is the limit for this up-and-comer. A wave of new deals, including a collaboration with EnerSys to deploy electric vehicles and charging stations adds further support.

Michael D. Farkas, for his part, the founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”

Nio Inc. (NYSE:NIO) is a Chinese electric vehicle company that was founded in November 2016 by William Li, the CEO of Bitauto and founder of Beijing Automotive Group. In September 2018 they launched their first product, ES8 which is an all-electric SUV with a range of 480 kilometers (300 miles) on a single charge. And the year after, they finally went public. Nio’s debut on public markets wasn’t as exciting as many had hoped for, however. In fact, the company struggled to bat away short sellers and naysayers until 2020. But after reporting a record number of deliveries, launching its revolutionary “Battery-as-a-service” platform, and a multi-billion-dollar bump from Chinese investors, the company’s stock price skyrocketed by 1604%, starting off the year at $59 per share, before falling back to earth and settling at its current price of $42.10.

Though it may not seem like it now, it wasn’t so long ago that analysts and investors alike were ready to write off their losses and give up on electric vehicle manufacturer Nio Inc. In fact, there were even rumors that the automaker was on the brink of bankruptcy. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And its efforts have paid off – in a big way.

Due in large part to its exposure to the renewable energy market, Celestica’s (TSX:CLS)  future is tied hand-in-hand with the green energy boom that’s sweeping the world at the moment. It helps build smart and efficient products that integrate the latest in power generation, conversion and management technology to deliver smarter, more efficient grid and off-grid applications for the world’s leading energy equipment manufacturers and developers.

Like the rest of the market, Celestica fell victim to the massive selloff sparked by the global COVID-19 pandemic, seeing its share price fall into the $2 range in March 2020. Since then, however, the stock price has soared by nearly 400% to its current trading price of $8.60.

Maxar Technologies (TSX:MAXR) is a high flying tech stock to watch in the energy transition. Why? Its wholelly-owned subsidiary, SSL, a designer and manufacturer of satellites used by government and commercial enterprises, has pioneered research in electric propulsion systems, lithium-ion power systems and the use of advanced composites on commercial satellites. These innovations are key because they allow satellites to spend more time in orbit, reducing costs and increasing efficiency. And it’s greener than traditional power sources.

Maxar has seen its share of up and downs, but investors are finally taking note on its true potential. While it slumped a little bit earlier in the year, it’s finally starting to gain some traction. And as the company snags more deals, it could very well continue to climb.

Lithium Americas Corp. (TSX:LAC) is one of North America’s most important and successful pure-play lithium companies. And it’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.

Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

Magna International (TSX:MG) isn’t necessarily an EV producer, but it is a great way to gain exposure to the EV – and by extension ESG – market without betting big on one of the new hot automaker stocks tearing up Robinhood right now.

More than a decade ago, Magna International was already making major moves in the battery market, investing over half a billion dollars in battery production while the market was still in its infancy. At the time, electric vehicles as we know them had barely hit the scene, with Tesla launching its premiere car just two years prior. Magna’s massive investment has paid if in a big way, however. Since its battery bet, the company has seen its valuation soar by tens of billions of dollars, and it has solidified itself as one of the leaders in the business. 

Like Magna, Westport Fuel Systems (TSX:WPRT) is another hardware and tech provider in the auto-industry.It builds products to help the transportation industry reduce their carbon footprint. It is an important company to watch as new fuels and new forms of energy take the spotlight. Especially as the world races to leave behind traditional gasoline and diesel-powered vehicles. That’s because, while it is a manufacturing play at heart, it offers a particularly unique way to gain exposure to the alternative fuels market. As a key manufacturer of the hardware needed to build natural gas and other alternative-fueled cars, Westport is definitely a company to watch in this scene. 

By. Chris Wintle

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will achieve its plans for manufacturing and selling Tracescan devices; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively “the Company”) owns a considerable number of shares of FaceDrive (TSX:FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

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Read this article on OilPrice.com

[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]

FRANKLIN, Ind., June 01, 2021 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that it intends to offer, on a non-brokered private placement basis, up to 5,000,000 units of the Company (the "Units") at a price of C$0.20 per Unit (the "Issue Price") for gross proceeds to the Company of up to C$1.0 million (the "Offering"). There is no minimum offering amount.

Each Unit will consist of one common share of IBC (each, a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.23 at any time prior to the date which is two years following completion of the Offering.

It is anticipated that the private placement will close on or before June 18, 2021, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”), and other customary conditions.

Proceeds of the private placement will be used for working capital and general corporate purposes.

The Offering will take place by way of a private placement to qualified investors in such provinces of Canada (except Quebec) as the Company may designate, and otherwise in those jurisdictions where the Offering can lawfully be made, including the United States under applicable private placement exemptions.

It is expected that certain directors and officers of the Company will participate in the Offering and therefore the proposed issuance of the Common Shares under the Offering constitutes a related-party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to nor the consideration paid by such persons would exceed 25% of the Company’s market capitalization.

All of the securities sold pursuant to the Offering will be subject to a hold period which will expire four months and one day from the date of closing.

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, as amended (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.

For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark Smith”

Mark Smith P.E., Esq. , Chairman

Contact:

Mark A. Smith, Chairman
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jsims@policycom.com

Website: www.ibcadvancedalloys.com

@IBCAdvanced $IB $IAALF #Beryllium #Beralcast

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast^® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, and Pennsylvania. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".

Cautionary Statements

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. 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.

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the pricing and composition of the Units, the expected closing date and use of proceeds and the expected participation by certain directors and officers. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Please see “Risks Factors” in our Annual Information Form available under the Company’s profile at www.sedar.com, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Figure 1:

Felix Property IP Survey Area

MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) — Vanstar Mining Resources Inc. (“Vanstar”, or the “Company”) (TSX.V – VSR) is pleased to announce that it has concluded an Induced Polarity (“IP”) survey on the Felix property. The IP survey focused on a western portion of the property underlain by a folded banded iron formation and preliminary results identified a number of chargeability anomalies that are consistent with previously reported MEGATEM conductors. As a result, the Company is refining phase 2 of its drill program on the property and intends to drill the targets as soon as possible. A drill rig has been secured that will be available to begin the program in September.

Figure 1: Felix Property IP Survey Area

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7945a74-5262-499b-9fb8-2795aade5c25

In addition, phase one of the drill program did not return significant gold values. Phase one was designed to test a historical hole that was drilled in the late 1970’s which reported gold values ranging from 0.9 g/t to 1.8 g/t. The historic and phase one holes were drilled in metasediments and not in the iron formations that are the target of the phase two program.

About the Felix Project

The Felix project is located in an environment of volcanosedimentary origin comprising a unit of volcanic rock in the north, another in the south and the central part is occupied by sedimentary rocks. Late intrusions in the form of batholiths, plutons or dikes are also noted all around the property. The property rests mainly on the rocks of the Chicobi Group. The sedimentary basin contains mudstones and graphitic turbiditic sandstones, with a minor magnetite-chert and hematite-jasper banded iron formation and a conglomerate. A significant Algoma-type iron formation is present in the northern part of the property. The gold grades intersected in the historic drilling are located near the southern contact of the latter. In addition, the Chicobi-Nord regional fault crosses the northern part of the property. This fault, of regional dimension, borders the Normetal mining camp to the south. The project is located in the eastern extension of this mining camp where there are former massive sulphide mines and numerous gold showings, such as those of the former Perron gold mine which are actively worked on by Amex Exploration. Shear zones parallel to the Chicobi-Nord fault are also found in the sediments of the Chicobi Group and as evidenced by the Authier gold showings located west of the property.

Mr. Gilles Laverdière, consultant geologist and qualified person under NI 43-101 has read and approved this press release.

About Vanstar

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

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

SOURCE :

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

VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or "the Company") is pleased to announce its 2021 exploration plans for the Company's wholly owned GK property, a copper-gold project located in the Golden Triangle mining district of northwestern British Columbia (Figure 1). The GK property is surrounded by several important copper and/or gold deposits, including Golden Bear, Red Chris, Schaft Creek, Spectrum-GJ, GT-Tatogga and Galore Creek. The property is situated 15 km from the town of Telegraph Creek and covers an area of approximately 274.5 km². The southeastern-most portion of the property is accessible by road.

The GK property covers several porphyry targets, as well as related skarn and vein mineralization. The majority of work to date has focused on the Grass Mountain area, where large, very strong copper-gold geochemical anomalies surround the Triassic to Jurassic aged Grass Mountain pluton (Figure 2). Numerous showings have been identified within the pluton as well as in the surrounding Triassic volcanic and volcaniclastic rocks of the Stikine terrane. Extensive gold and copper mineralization occurs in veins, shears, fracture fillings, dykes and locally as disseminations in country rocks. Assay values from rock samples collected in this area have returned up to 47.5 g/t gold, 15.85% copper and 120 g/t silver. Peak soil values include 6.18 g/t gold, 0.689% copper and 59.9 g/t silver. Recent work on the property focused on gold-bearing quartz veins, including a two-hole drill program that intersected 13.1 g/t gold and 6.05% copper over 0.74 m. These are the only holes that have ever been drilled on the property.

An interpretation of property-wide, helicopter-borne magnetic and radiometric data set has just been completed by SJV Consultants Ltd., on behalf of Strategic. 3D interpretation of the magnetic data shows that the Grass Mountain pluton forms a circular magnetic high, which models as a large, steep-sided body that gradually widens with depth. Across the northern portion of the pluton, circular to elliptical pipes extend upwards and form apophyses from the buried intrusion. Several of the showings identified by historical work are now revealed to be associated with the surface expression of these apophyses (Figure 3). Only limited prospecting and rock sampling in the vicinity of these apophyses has been performed; however, rock samples collected from these areas have returned up to 1.31 g/t gold and 1.5% copper, and on the periphery of one of these apophyses, a surface chip sample assayed 20.2 g/t gold and 0.68% copper over 0.7 m. An induced polarization (IP) survey conducted across a glacial-till covered area within one of the copper-gold geochemical anomalies has defined a steeply dipping resistivity low and associated chargeability high, down-dip of the magnetic high (Figure 2). This highly prospective target has not been drill tested. Interpretation of the property-wide radiometric data has also identified several areas of interest outside of the main showings. The most interesting target is a large area at the southwest edge of the Grass Mountain pluton, where low Th/K values overlie a recently identified magnetic high. These characteristics suggest the presence of extensive potassic alteration associated with a buried intrusion or another apophysis off the Grass Lake pluton.

Soil geochemical and geophysical data point towards the presence of one or more large porphyry copper-gold system(s) on the property, but because most historical work focused on the gold-rich vein systems, the porphyry potential remains largely untested. The 2021 field program is designed to evaluate the porphyry concept and will comprise geological mapping and prospecting, including detailed structural and alteration mapping, soil geochemical surveying and targeted hand trenching and chip sampling. The work will ground check several high priority targets identified by the 3D geophysical modeling in the Grass Mountain area and elsewhere on the property, in the context of porphyry copper-gold mineralizing systems. These targets include areas west of the Grass Mountain area, where little to no modern mapping and sampling. One of these westerly targets is in the vicinity of the VB showing, where skarn mineralization is found adjacent to the Tahltan Lake pluton (Figure 3). Six historical rock samples taken from outcrops in this area, which are intermittently exposed over a distance of 740 m, averaged 1.34 g/t gold, 2.29% copper and 31.86 g/t silver. Historical soil sampling over the VB showing outlined a strong copper anomaly, but no gold analyses were performed on these samples.

"The GK property is an exceptional but vastly under-explored prospect in an important porphyry belt, where new world-class discoveries have been made in recent years by deep drilling" states Doug Eaton, CEO and President of Strategic Metals. "We look forward to results from 2021 work at GK and from a number of other promising porphyry copper-gold projects in the Company's stellar portfolio."

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

About Strategic Metals Ltd.

Strategic is a project generator with a portfolio of more than 130 projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. The projects include more than 80 properties where precious metals are the major component, several promising copper prospects and a number of excellent critical metal targets. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of over $9 million and large shareholdings in a number of active mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio is approximately $25 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

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

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

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

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/649829/Strategic-Metals-Ltd-Announces-Exploration-Program-at-the-GK-Copper-Gold-Project-in-BCs-Golden-Triangle

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

QUEBEC CITY, June 01, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) has arranged a non-brokered placement. The financing will consist of the sale of up to 7,777,778 units of Stelmine (the "Units") at a price of $0.09 per Unit for gross proceeds of up to $700,000 (the " Offering"). Each Unit shall comprise one common share of Stelmine and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the Company at $0.11 for a period of 36 months from issuance.

The proceeds of the Offering will be used for exploration on the Courcy and Mercator Projects in the Caniapiscau Region and for general working capital purposes. Finders’ fees may be paid in connection with the private placement.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. The Common Shares issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws.

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

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district Caniapiscau (east of James Bay) in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 km² in this part of northern Quebec, highlighted by the Courcy and Mercator Projects. Stelmine’s capital stock consists of 45,896,188 issued and outstanding shares.

Forward-looking statements

Certain information in this press release may contain forward-looking statements, such as statements regarding the expected closing of and the anticipated use of the proceeds from the Offering, acquisition and expansion plans, availability of quality acquisition opportunities, and growth of the Company. This information is based on current expectations and assumptions (including assumptions in connection with obtaining all necessary approvals for the Offering and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include those relating to the ability to complete the Offering on the terms described above. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable

to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Cautionary statement

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.

For further information, contact:

Isabelle Proulx, President and CEO
Email: iproulx@stelmine.com
Tel : 418-626-6333

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

iShares MSCI Global Silver Miners ETF SLVP topped the list of best-performing ETFs in May, gaining 18.4%. Being a leveraged play, metal miners tend to experience more gains than their bullion cousins in a rising metal market.

As the global economy is recovering from the pandemic buoyed by rapid vaccinations and reopening of the economies, industrial and manufacturing demand is picking up providing a boost to silver prices. The white metal is used in a wide range of industrial applications. About half of the metal’s total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers (read: 5 Great Value ETFs to Buy as Inflation Fears Grip Markets).

Additionally, rising inflationary pressures have driven up demand for silver as an inflation hedge. A weaker greenback also added to the strength as it makes dollar-denominated assets attractive for foreign investors, raising the appeal for precious metal.

Further, the global push for green energy, increasing demand in areas like 5G, a rebound in global computer shipments, and new sources of demand for sensors used in IoT and OLED lighting will continue to boost silver demand. Silver is largely used for manufacturing of solar panels and electric vehicles, and will play a key role in the shift to 5G wireless network technology.

Let’s take a closer look at the fundamentals of SLVP.

SLVP in Focus

This fund follows the MSCI ACWI Select Silver Miners Investable Market Index, providing investors exposure to companies that derive the majority of revenues from silver exploration or metals mining. It holds 29 stocks in its basket with Canadian firms making up the lion’s share at 67.3% while the United States round off the next spot with double-digit exposure. SLVP has AUM of $354 million and an average daily volume of about 208,000 shares. It charges 39 bps in annual fees (see: all the Materials ETFs here).

Though most of the stocks in the fund’s portfolio delivered strong returns, a few were up more than 20% in May. Below we have highlighted the five best-performing stocks in the ETF with their respective positions in the fund’s basket:

Best Performing Stocks of SLVP

Hecla Mining Company HL: This company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The stock occupies the second position in the basket with 9.8% share and soared 40% last month. It carries a Zacks Rank #3 (Hold) and a Growth Score of A.

Endeavour Silver Corporation EXK: This small-cap silver mining company is focused on the growth of its silver production, reserves and resources in Mexico. It jumped about 27.6% in May. Endeavour Silver currently has a Zacks Rank #4 (Sell) and Growth Score of A. The stock makes up for 2.8% share.

New Gold Inc. NGD: This company is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia. The stock rallied 23.2% in May and makes up for 3.1% in SIL portfolio. It has a Zacks Rank #3 and Growth Score of A (read: Commodity Prices on an Unstoppable Rally: ETFs to Benefit).

Coeur Mining Inc. CDE: This company operates as a primary silver and gold producer with precious metals mines in the Americas. The stock gained 19.2% in May. It currently carries a Zacks Rank #4 and has a Growth Score of B. Coeur Mining accounts for 19.2% allocation.

Newmont Corporation NEM: It is one of the world's largest producers of gold with several active mines in Nevada, Peru, Australia and Ghana. The stock delivered returns of 14% last month. The stock has a Zacks Rank #3 and Growth Score of A. Newmont occupies the fifth position and makes up 5.3% of SIL.

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VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) — Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to announce it has entered into a binding letter of intent (“LOI”) with Golden Arrow Resources Corporation (TSX-V: GRG) (“Golden Arrow”) granting to Golden Arrow an option (the “Option”) to acquire a 75% undivided interest in Mirasol’s Libanesa project (“Libanesa”) in Santa Cruz province, Argentina. Under the terms of the LOI, Golden Arrow may exercise the Option by incurring certain exploration expenditures and making staged cash payments over six years.

Mirasol’s President, Tim Heenan stated: “Libanesa is an advanced exploration project with multiple attractive drill targets. Golden Arrow has been a successful explorer in Argentina for well over a decade and will be a strong partner to advance Libanesa. Mirasol is securing the permits necessary for the start of exploration during H2 2021.”

Summary of Terms

Under the terms of the LOI, Mirasol will grant Golden Arrow an option to earn a 75% interest in Libanesa over six years (the “Option Period”) by:

• incurring exploration expenditures totaling US$4,000,000

  • US$500,000 per year during the first 2 years; and

  • US$750,000 per year thereafter.

• making cash payments to Mirasol totaling US$1,000,000

  • US$100,000 to be paid on the 2^nd, 3^rd and 4^th anniversaries;

  • US$250,000 on the 5^th anniversary; and

  • US$450,000 on the 6^th anniversary.

The initial US$500,000 in exploration expenditures is a firm commitment, but it may be incurred over 24 months instead of 12 months, if the required exploration permits are not in place by October 2021. In addition, Golden Arrow is required to complete a minimum of 2,000m of drilling by the end of the second year. Golden Arrow will be the operator during the Option Period.

Upon completion of the option, Mirasol and Golden Arrow will hold 25% and 75%, respectively, in a participating JV company holding Libanesa. If either party’s equity interest is diluted below 10%, it will convert to a 2% net smelter return royalty.

The transaction contemplated in the LOI is subject to customary due diligence and the finalization of a definitive agreement. Mirasol has granted Golden Arrow a 90-day exclusivity period.

Project Overview

Libanesa is a 14,500 ha Ag-Au (Pb) project, discovered and staked by Mirasol. It is located at the north eastern margin of the Deseado Massif Au-Ag metallogenic province, approximately 70 km west from the port of Puerto Deseado, 40 km northwest of the Cerro Moro Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas mine operated by Cerrado Gold.

Figure 1: Libanesa location in Santa Cruz Province

Libanesa is a drill ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Cerro Plomo is the principal target and is characterized by a well mineralized Au/Ag hydrothermal breccia that is exposed at surface, and supported by both chargeability and resistivity geophysical anomalies at depth. Peripheral polymetallic veins at the Libanesa Main prospect represent secondary targets and are supported by strong base metal +/- Au mineralization. The Lagunita prospect is a third prospective zone, which has reported some encouraging rock chip Au values from more typical low sulfidation type epithermal veins and breccias. This prospect requires additional surface exploration to vector into the potentially better mineralized parts of this extensive vein system, where intermittent vein occurrences, outcropping/subcropping through post mineral cover, have been mapped over a strike length of at least 2.3 km.

A summary of the project data compiled to date is provided below (see news releases July 23, 2007, July 21, 2008 , February 27, 2009 and October 20, 2009).

• Libanesa Main prospect:

The Libanesa Main prospect lies along a dilational northwest structure and within a north-northwest corridor bounded by large-scale transfer faults that are clearly identified by the ground magnetic surveys. The main outcropping geological unit comprises partially welded and massive, crystal-rich, rhyolitic flow tuffs intruded by an andesitic to trachytic dike swarm that displays a radial distribution.

Figure 2: Libanesa Main structural setting

The principal target at Libanesa Main is the Cerro Plomo hydrothermal breccia pipe, which is approximatively 50m in diameter and forms an obvious geomorphic positive relief feature at this prospect. The Cerro Plomo breccia pipe has returned strong Au/Ag mineralization from both rock chip sampling and trench sampling (see Table 1, Figure 3 and 4), displaying a geochemical signature characterized by an Ag(±Au)-base metal association. A trenching program completed to explore under shallow lacustrine sediments confirmed the continuity of the mineralization, which remains open under a clay pan (dry lake) to the south. Highlighted results from the trench sampling include:

• 6m at 0.8 g/t Au, 243.8 g/t Ag and 0.4% Pb

• 10.5m at 0.98 g/t Au, 53.4 g/t Ag and 0.9% Pb

• 11m at 1.21 g/t Au, 13.5 g/t Ag and 1.4% Pb

Figure 3: Cerro Plomo geology and trench sampling results

These positive geochemical results are coincident with shallow and deep-seated geophysical anomalies below the Cerro Plomo target that are defined by the Magnetotellurics (MT) and Audio MT (AMT) geophysical surveys completed by Mirasol (2009/2010 and 2019), further strengthening the target.

In addition, a series of epithermal polymetallic veins (Bajo Aspero, Anibal, NE Zone), located peripheral and outboard from the Cerro Plomo breccia system, and associated with patchy argillic/pyritic alteration, have returned a strong Ag-Au-Pb-Zn and As-Sb-Te geochemical signature. Notably, the Au values do not correlate well with other metals, but Ag values are strongly correlated with Pb, Cu and Sb (+/-As,Te). This distribution of mineralization suggests the presence of at least two mineralization events related to the polymetallic veins and the Cerro Plomo hydrothermal breccia at the Libanesa Main prospect.

Figure 4: Libanesa Main target areas and Au-Ag rock chip geochemistry

• Lagunita Prospect:

The Lagunita prospect, located approximately 6 km north of Cerro Plomo, is a 10 km² erosional window exposed through the quaternary gravel cover, where reconnaissance prospecting has identified multiple quartz veining and structural breccia occurrences. The local geology is comprised of small outcrops of Jurassic aged fine ash, rhyolitic tuffs, andesitic dykes and minor calcareous rocks. A strong northwest structural trend appears to focus pervasive silicification and emplacement of crystalline, drusy and saccharoidal quartz veinlets. At Lagunita, rock chip geochemistry returned good Au values (see Table 1) with lower Ag values and base metals including Pb, Zn and Cu, thus displaying a more typical low sulfidation epithermal signature and clearly distinguishing the Lagunita veins from the breccias and polymetallic veins located at the Libanesa Main prospect.

Table 1: Au and Ag geochemistry result statistics

About Mirasol Resources Ltd

Mirasol is a well-funded exploration company focused in Chile and Argentina. Mirasol has seven partner-funded projects, two with Newcrest Mining Ltd (Chile), and one with each First Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile), Silver Sands Resources (Argentina), and Patagonia Gold (Argentina). Mirasol is currently self-funding exploration at two projects, Inca Gold (Chile) and Sacha Marcelina (Argentina).

For further information, contact:

Tim Heenan, President
or
Jonathan Rosset, VP Corporate Development

Tel: +1 (604) 602-9989
Email: contact@mirasolresources.com
Website: www.mirasolresources.com

Qualified Person Statement: Mirasol’s disclosure of technical and scientific information in this press release has been reviewed and approved by Tim Heenan (MAIG), the President for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101.

Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and environmental related matters. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

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

When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, long term Hochschild Mining plc (LON:HOC) shareholders have enjoyed a 29% share price rise over the last half decade, well in excess of the market return of around 19% (not including dividends).

View our latest analysis for Hochschild Mining

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the last half decade, Hochschild Mining became profitable. That's generally thought to be a genuine positive, so we would expect to see an increasing share price.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

This free interactive report on Hochschild Mining's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR 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. As it happens, Hochschild Mining's TSR for the last 5 years was 38%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

While the broader market gained around 25% in the last year, Hochschild Mining shareholders lost 3.8% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 7% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Hochschild Mining better, we need to consider many other factors. Even so, be aware that Hochschild Mining is showing 3 warning signs in our investment analysis , you should know about…

Of course Hochschild Mining may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – June 1, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOL) (the "Company" or "Contact Gold") is pleased to announce the completion of the first phase of the 2021 drill program at its Green Springs gold project in White Pine County, Nevada.

Phase 1 drilling totaled 59 drill holes for 7,511 metres completed from early March to late May. On May 18^th Contact Gold announced results from the first six holes of the program with a headline intercept of 1.45 g/t Au over 47.24 metres in hole GS21-05 from the Mine Trend. Results from an additional 53 drill holes are pending as of the date of this news release.

Contact Gold continues to focus on expanding the footprint of gold mineralization at Green Springs through systematic step out drilling along the Mine Trend and completing first pass drilling at high potential greenfield targets.

Phase 1 drill holes were targeted as follows:

• Following up on the multiple broad, oxidized, gold intercepts from 2020 drilling along the 3km Mine Trend (15 holes) and at the Alpha Zone (5 holes) located 1.5km northeast of the Mine Trend

• Expanding the southern end of the Mine Trend by drilling further south, where we have 1.5 km of untested strike extent (13 holes)

• Drilled 19 holes into the never before drilled Tango target, which is the most robust geochemical, geophysical and surface gold mineralized target on the project

• 5 Holes drilled into the Connector target between the Mine Trend and the Alpha Zone

• 2 holes at the Golf Zone following up on shallow oxidized mineralization hosted within the Chainman Shale

"The first phase of drilling in 2021 at Green Springs has gone extremely well. We delivered excellent grades and widths of oxide gold in the Mine Trend in the first 6 holes and completed the program under budget. We drilled 10 holes (1,500 metres) more than originally forecast, testing several additional high-confidence gold targets," stated Matt Lennox-King, CEO of Contact Gold. "With results from 53 holes pending we anticipate a steady flow of drill results from Green Springs over the coming weeks and months. In the meantime, we will be active on the ground, sampling, mapping and upgrading our targeting ahead of the next drill program at Green Springs."

The Mine Trend:

The Mine Trend is defined by a 3km long north-south oriented zone of near surface oxidized gold mineralization, hosted within the Chainman Shale. The Pilot Shale, a well-known regional host rock, underlies the Mine Trend at an approximate depth of 100 metres and was intermittently tested by Contact Gold in 2020. The Pilot Shale beneath the Mine Trend represents an excellent opportunity for additional discoveries.

Drilling by Contact in 2020 expanded the Mine Trend from 2 kilometres to 3 kilometres in length through new discoveries at Zulu and at the northern end of the Trend. Wide intervals of gold mineralization above 2 g/t Au were originally discovered at Echo in 2019 (5.05 g/t Au over 39.6m) (see October 2, 2019 news release), and have been expanded by Contact Gold in each successive drill program.

Green Springs 2021 Drilling

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5350/85982_2021Phase1GSDrilling.jpg

About the Green Springs Project:

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada, east of Fiore Gold's Pan Mine and Gold Rock Project and south of Waterton's Mount Hamilton deposit. The Green Springs property is 18.5 km² encompassing 3 shallow past producing open pits and numerous targets that were not mined.

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

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

Redomicile Process:

The Company is pleased to announce receipt of final court approval of the Company's plan of arrangement (the "Arrangement") involving redomicile from Nevada to continue as a British Columbia corporation (the "Repatriation Transaction") For further details concerning the Repatriation Transaction, please refer to the Company's management information circular dated April 23, 2021, available under the Company's issuer profile on SEDAR at www.sedar.com. The Repatriation Transaction is expected to close on or about Friday, June 4, 2021.

About Contact Gold Corp.

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

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

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

Cautionary Note Regarding Forward-Looking Information

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85982

TORONTO, June 1, 2021 /CNW/ – Purepoint Uranium Group Inc. (TSXV: PTU) ("Purepoint" or the "Company") today provided an update on its ongoing drill program at the 100%-owned Red Willow project within the eastern uranium mine district of the Athabasca Basin, Saskatchewan Canada. The 2021 Red Willow drill program has conducted follow-up testing of the "Hinge fault" within the Osprey Zone, a target zone where Purepoint has identified a lens of uranium mineralization that returned up to 0.20% eU3O8 over 5.8 metres from a shallow depth of 70 metres.

"Starting at the Osprey Zone, we intend to perform follow up on multiple targets prior to the completion of the program." explained Scott Frostad, VP Exploration at Purepoint. "Having isolated nine distinct target zones within the Red Willow project, we need to properly prioritize these areas to ensure our exploration dollars are spent where the potential for discovery is greatest."

Osprey Zone 2021 Drill Results

The 2021 Red Willow program has conducted follow-up drilling within the Osprey Zone with three holes collared approximately one kilometre WSW of Purepoint's hole RW-13 that intersected 0.12% U3O8 over 4.2 metres (see Osprey Section A – A'). The RW-13 intercept, and the more easterly RW-07 intercept of 0.20 eU3O8 over 5.8 metres, are associated with strong hydrothermal alteration at a depth of 60 to 70 metres below surface. The weakly radioactive "Hinge fault", intersected in 2010, was also shown to be associated with strong hydrothermal alteration and therefore a possible conduit for fluids carrying uranium. Hydrothermal fluids are responsible for the presence of clay, hematite and silicification as shown in the Hinge Section B – B'.

Current drilling targeted the Hinge fault towards the north with three holes averaging 200 metres in length (see Osprey Zone plan map). An initial short step-out allowed the strike of the structure to be determined prior to attempting larger step-outs. Two drill holes completed on the same section, OSP21-01 and 02, both successfully intersected the fault at 70 and 140 metres below surface, respectively. The structure was determined to have a strike of 5 degrees NE and was still associated with strong alteration; however, the radioactivity was weaker.

Hole OSP21-03 targeted the projection of the Hinge Fault where it meets the east-west trending electromagnetic (EM) conductor that hosts the known Osprey uranium mineralization. The fault was intersected from 60 to 75 metres downhole with the host rock comprised of weakly chlorite and hematite altered pyritic graphitic pelitic gneiss. The fault at this location included intervals of strong silicification and again returned weak radioactivity. The new projection of the Hinge fault appears to be just west of the uranium-in-soil anomaly located to the north and it may be responsible for the elongate shape of the nearby lake.

Next Steps

The next exploration priority at the Osprey Zone is considered to be the Osprey Conductor North (see Osprey Plan Map). The EM conductor continues for an additional 2 kilometres north of previous Purepoint drilling and has only been tested by two historic (1993) drill holes.

Before testing the Osprey Conductor North, we are moving the drill rig to the next priority target for the 2021 Red Willow drill program in the Geneva Zone. Historic drilling here by Eldorado Resources (1984) intersected very strong basement alteration and anomalous radioactivity with RAD-27 returning 0.22% U3O8 over 1.0 metres within a graphitic fault zone. The Purepoint drill program will follow the radioactive graphitic structure towards the southwest where numerous EM conductors remain untested.

Red Willow Project

The 100% owned Red Willow property is situated on the eastern edge of the Athabasca Basin in Northern Saskatchewan, Canada and consists of 17 mineral claims having a total area of 40,116 hectares. The property is located close to several uranium deposits including Orano Resources Canada Inc.'s JEB mine, approximately 10 kilometres to the southwest, and Cameco's Eagle Point mine that is approximately 10 kilometres due south.

Geophysical surveys conducted by Purepoint at Red Willow have included airborne magnetic and electromagnetic (VTEM) surveys, an airborne radiometric survey, ground gradient array IP, pole-dipole array IP, fixed-loop and moving-loop transient electromagnetics, and gravity. The detailed airborne VTEM survey provided magnetic results that are an excellent base on which to interpret structures while the EM results outlined over 70 kilometres of conductors that in most instances represent favourable graphitic lithology.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) 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.

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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/purepoint-uranium-provides-first-update-at-red-willow-drill-program-301302548.html

SOURCE Purepoint Uranium Group Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/01/c8342.html

OTTAWA, ON, June 1, 2021 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that a ground geophysics program consisting of Spectral IP (Induced Polarization) and Resistivity has commenced at the Root & Cellar Gold-Silver Project ("Root & Cellar" or the "Project") in Newfoundland. The Company can earn a 100% interest in the Property which is being explored for epithermal gold-silver mineralization and porphyry copper deposits.

The geophysical survey, which is expected to take two weeks to complete, is planned to total 25 line-kilometres and covers the Conquest Zone and recently discovered Windfall Zone. The survey results will be used to guide drill-testing of these two zones later this summer.

The Conquest Zone represents the principal gold target at Root & Cellar. Soil sampling has outlined a distinct area measuring 1,500 x 600 m of anomalous gold-in-soil, associated with other pathfinder elements such as arsenic (As) and antimony (Sb). Within the Conquest Zone, past surface sampling by Northern Shield and the prospector located gold mineralization (in grab samples assaying 0.1 to 45.5 g/t Au) over an area measuring approximately 630 x 400 metres. Although epithermal in nature, the mineralization appears more akin to the high sulphidation variety, though colloform-crustiform banded veins, more typical of low sulphidation, have also been observed recently at the Conquest Zone. The Windfall Zone was discovered in late 2020, following up on strong gold-in-soil anomalies where twenty-five large angular boulders and one outcrop of sulphide-bearing quartz vein were uncovered along a 200 metre traverse across a regional fault zone. The quartz veins returned assays that range from 0.1 to 17.0 g/t Au and silver that range from 0.4 to 53.0 g/t Ag (see Company press release January 13, 2021).

"We eagerly look forward to the completion of the ground geophysical surveys so we can quickly move to the drilling phase and test these large, gold and silver bearing targets."

Ian Bliss – President & CEO

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

Final assays from the drill program that ended recently at the Shot Rock Property are expected shortly and results will be released as soon as all data has been compiled.

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

Forward-Looking Statements Advisory

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

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

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

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

SOURCE Northern Shield Resources Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2021/01/c5455.html

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") to sell its interest in the Bend and Reef exploration properties located in Wisconsin, USA to a private company ("Newco") (the "Transaction"). Subject to necessary approvals, Newco intends to list on the TSX Venture Exchange (the "TSX-V") concurrent with the closing of the Transaction. All dollar amounts are reported in Canadian dollars.

Total consideration of $7,000,000 payable to Aquila will consist of:

• Cash consideration of $3,000,000, of which $1,000,000 will be advanced immediately as a deposit (the "Deposit"); and

• Shares in Newco with an estimated value on completion of the go-public transaction of $4,000,000.

Guy Le Bel, President & CEO of Aquila, commented, "We are very pleased to have reached an agreement in principle to monetize our non-core Wisconsin assets. The Transaction provides Aquila with immediate cash without diluting Aquila shareholders. It also provides us with meaningful upside exposure to an exciting new exploration focused company with the resources to explore the Bend and Reef properties as Aquila focuses on the development of Back Forty."

Completion of the Transaction is subject to certain conditions including, but not limited to, the completion of definitive documentation, completion of financing by Newco, listing of Newco on the TSX-V and receipt of all necessary third-party consents and approvals, including the approval of the TSX-V. In the event the Transaction does not close, Aquila will return the Deposit in shares of Aquila (subject to the receipt of all necessary approvals of the Toronto Stock Exchange) or in cash, depending on the circumstances.

ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development‐stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is currently advancing pre-construction activities for its flagship 100%‐owned gold and zinc‐rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

Aquila has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.

Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". In particular, this news release contains forward-looking information pertaining to the following: the ability of the Company to close the Transaction on the terms outlined in the LOI or at all, the ability of Newco to list on the TSX-V, and other development plans and objectives. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: risks with respect to the COVID-19 pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005209/en/

Contacts

Guy Le Bel, President & CEO
Tel: 450.582.6789
glebel@aquilaresources.com

David Carew, VP Corporate Development & Investor Relations
Tel: 647.943.5677
dcarew@aquilaresources.com

EnerSys ENS has failed to impress investors with its recent operational performance amid the coronavirus outbreak-led end-market challenges and other woes. These are expected to adversely impact its earnings.

The Zacks Rank #4 (Sell) company has a market capitalization of $4 billion. Over the past six months, it has gained 14.5% compared with the industry’s growth of 22%.

Image Source: Zacks Investment Research

Let’s delve into the factors that might continue to take a toll on the firm.

Weak Motive Power Segment: EnerSys has been experiencing persistent weakness across its Motive Power segment over the past few quarters. In fourth-quarter fiscal 2021 (ended March 2021), the segment’s revenues declined 5.7% on a year-over-year basis. In the near term, challenges related to the coronavirus outbreak might continue to adversely impact the segment’s top-line performance. It’s worth mentioning here that in November 2020, the company approved a plan to close its motive power facility in Hagen, Germany, based on low future demand for motive power batteries.

High Debt Level: The company’s high-debt profile poses a major concern. Notably, in the last five fiscal years (2017-2021), EnerSys’ long-term debt (net of unamortized debt issuance costs) increased 10.5% (CAGR). Exiting fiscal 2021, its long-term debt (net of unamortized debt issuance costs) remained high at $969.6 million. Also, the company currently seems to be more leveraged than the industry. The stock’s long-term debt-to-capital is 38.6%, higher than the industry’s 27.1%.

High Capital Expenditure: The company has been making significant investments for expanding the NexSys Thin Plate Pure Lead products manufacturing capability for its NorthStar facilities over the past few quarters. Although its investments are likely to be beneficial in the long run, high capital expenditure incurred is likely to affect its short-term liquidity. Notably, in fiscal 2021, the company’s capital expenditure totaled $70 million.

Forex Woes: Given its widespread presence in international markets, the company is exposed to unfavorable foreign currency movements. Fluctuations in foreign exchange rates might affect its top line in the quarters ahead.

Estimate Trend: In the past seven days, the company's earnings estimates have been lowered 2.4% for the first quarter of fiscal 2022 (ending June 2021), and the same for the fiscal second quarter (ending September 2021) has gone down 0.8%.

Key Picks

Some better-ranked stocks from the same space are AZZ Inc. AZZ, Eaton Corporation, plc ETN and Franklin Electric Co., Inc. FELE, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

AZZ delivered an earnings surprise of 5.08% in the last reported quarter.

Eaton delivered an earnings surprise of 15.20% in the last reported quarter.

Franklin Electric delivered an earnings surprise of 51.28% in the last reported quarter.

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MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) — Nemaska Lithium Inc. (“Nemaska Lithium” or “Company”) announces that it has entered into an option agreement to purchase a 500,000m² plot of land in the Industrial park and port of Bécancour (“Bécancour”) to construct and operate its chemical conversion facility (“Conversion Facility”). The Conversion Facility will form part of an integrated project to market solution with Nemaska Lithium’s Whabouchi mine to produce battery grade lithium hydroxide.

The selection of the Bécancour site comes at the end of a rigorous analysis by Nemaska Lithium to identify the best location for the Conversion Facility. The conclusion from the analysis found that the construction and operation of the Conversion Plant in Bécancour offers the following advantages:

• provides direct access to a year-round deep-water port;

• allows plant design, construction and operation to be carried out without the constraints associated with pre-existing buildings;

• simplifies plant construction and provides options for future development; and

• avoids issues associated with the construction and operation of a chemical plant within an urban community.

Gervais Jacques, Chairman of the Board of Nemaska Lithium: "The selection of Bécancour for the construction and operation of its Conversion Facility is an important milestone for the new development path of Nemaska Lithium. This decision will also allow Nemaska Lithium to contribute to the development of the battery materials industry in Quebec in a world-class industrial park. Working together with our key stakeholders, we are building the sustainable economy of the future."

About Nemaska Lithium

Operating in the chemical industry, Nemaska Lithium is a developing company whose activities will be vertically integrated, from spodumene mining to the commercialisation of battery grade lithium hydroxide. These lithium salts are primarily intended for the rapidly growing lithium-ion battery market, which is powered by the growing demand for electric vehicles and energy storage globally. Through its products and processes, the Company intends to facilitate access to green energy.

Nemaska Lithium intends to develop the Whabouchi mine in Quebec, Canada, one of the richest spodumene deposits in the world in terms of volume and grade. The spodumene concentrate that will be produced at the mine will then be processed at the Conversion Facility.

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release.

Forward-looking statements contained in this press release include, without limitation, those related to (i) the completion of the construction at the Whabouchi mine and Conversion Facility in Bécancour, and (ii) generally, the above “About Nemaska Lithium” paragraph which essentially describes Nemaska Lithium’s outlook. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that the Whabouchi mine and/or the Conversion Facility will be commissioned and will begin production, as future events could differ materially than what is currently anticipated by the Company.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. The Company cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

For more information, please contact:

Communications team
info@nemaskalithium.com

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2021) – Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) (the "Company" or "Pure Energy") is pleased to report that it has acquired a net smelter returns ("NSR") production royalty applicable to certain properties owned by Pure Energy at the Clayton Valley project, Nevada. The 2% NSR royalty, previously held by a private trust, covers 345 placer claims in Esmeralda County, Nevada. The purchase of the underlying royalty removes any future obligation by Pure Energy Minerals for royalty payments on these properties.

The purchase price consists of 75,000 common shares in Pure Energy stock and payment of US$30,000 to TR Trust in consideration for TR Trust's right, title and interest, as well as a 2% NSR royalty interest, in a Share Purchase Agreement dated February 15, 2016 between Lithium X Energy Corp. ("Lithium X"), 1061582 B.C. Ltd. and LT Capital Holdings, LLC ("Agreement"). Pure Energy became a party to this agreement in conjunction with the acquisition of the mineral claims and a $2 million strategic investment in Pure Energy from Lithium X in May of 2017. The issuance of shares is subject to the approval of the TSX Venture Exchange.

"Pure Energy is pleased to have retired the underlying royalty obligation covering part of the Clayton Valley Project by amicable arrangement with the previous royalty holder," commented Mary Little, Pure Energy's director. "The royalty purchase further streamlines the Company's ability to maximize shareholder value."

About Pure Energy Minerals

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley ("CV") Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's Clayton Valley Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation. Drilling of bore holes CV-01 through CV-08 were completed together with a revised mineral resource and a Preliminary Economic Assessment ("PEA") for the Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).

Pure Energy's strategic investor, Schlumberger Technology Corp. ("SLB"), is the operator of the Clayton Valley Project. On May 29, 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH∙H2O") and/or lithium carbonate products at a specified rate. SLB plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding SLB's earn-in, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of water during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and SLB's future pilot plant facility. In July of 2020, the CV-09 well was completed and results were published by Pure Energy on October 14, 2020.

Quality Assurance

Walter Weinig, Professional Geologist and Qualified Person, MMSA registration #01529QP, has reviewed and approved the scientific and technical information presented in this news release for Pure Energy Minerals Ltd. He is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,

"Mary L. Little"
Director, Pure Energy Minerals Ltd.

CONTACT:

Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: info@pureenergyminerals.com
Telephone – 604 608 6611

Cautionary Statements and Forward-Looking Information

The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include future exploration and development on the CV Project. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The Company does not undertake to update any forward-looking information, except as required by applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of 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/85965

Vancouver, British Columbia–(Newsfile Corp. – June 1, 2021) – International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that assay results have been received for the maiden diamond drilling program at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

The Company is highly encouraged by the results to date in Zone 1 of the Raleigh Lake claim grouping, and especially by the consistent and highly anomalous quantities of rubidium and caesium encountered in the first round of drilling. The chemical analysis of the samples as a whole found the ppm of Rb to be 52.7% of the ppm of Li and the ppm of Cs to be 7.2% of the ppm of Li.

These results are also reflected in surface geochemical samples collected in Zones 1, 2, 3 and 4 with the more recently acquired Zone 5 not yet having any coverage at all. The Company believes that there is a high probability of discovering more near surface mineralized pegmatites in future drilling campaigns.

As previously reported in a Company news release dated April 19, 2021, a total of 1,504 metres of NQ core drilling were completed in eight holes (Table 1) to test the continuity of spodumene bearing pegmatites and their associated lithium, rubidium, caesium and tantalum mineralization down dip and along strike from outcrop and previous operators' drilling.

Highlights:

• 7 of 8 holes intersected significant lithium, rubidium, caesium and tantalum mineralization.

• Rubidium, caesium and tantalum mineralization at Raleigh Lake is closely associated with lithium mineralization.

• RL21-03 intersected*:

  • 1.05 metres grading 2.69% Li₂O (11,900 ppm ) from 31.04 metres;

  • 1.18 metres grading 4210 ppm Rb from 29.86 metres;

  • 0.55 metres grading 997 ppm Cs from 33.09 metres; and

  • 1.00 metres grading 207 ppm Ta from 32.09 metres downhole.

• The near surface interval is interpreted to be the downdip extent of Pegmatite 3, observed at surface and intersected by previous operators' drilling. The entire 3.78 metre interval grades 1.72% Li₂O, 2829 ppm Rb, 299 ppm Cs, and 85 ppm Ta from 29.86 metres downhole (Table 2).

• RL21-02 intersected Pegmatite 3 more than 100 metres from RL21-03 at a downhole depth of 91.25 metres and returned 3.3 metres of 1.29% Li₂O, 2862 ppm Rb, 232 ppm Cs, and 118 ppm Ta indicating significant downdip continuity of the mineralized pegmatite system.

* Based on the interpreted geometry of the pegmatite bodies, the orientation of the drill holes and structural measurements from oriented drill core, the reported drill intercept widths are deemed to be representative of the true width of the pegmatite bodies and associated mineralization.

A summary of recent drilling results is given in Table 2.

Table 1: Summary of Drill Hole location and orientation at Raleigh Lake.

Table 2: Summary of significant mineralized intersections at Raleigh Lake.

* Based on the interpreted geometry of the pegmatite bodies, the orientation of the drill holes and structural measurements from oriented drill core, the reported drill intercept widths are deemed to be representative of the true width of the pegmatite bodies and associated mineralization.

The royalty free, 100 percent owned Raleigh Lake project comprises a total of 3,027 hectares and hosts a number of outcropping pegmatite bodies. The recent drilling focused on what the Company now refers to as Zone 1 (Figure 2), an area of approximately one square kilometer (100 hectares) that hosts Pegmatites 1 and 3. The two shallow dipping pegmatite dykes have been mapped at surface with Pegmatite 1 exposed along strike for at least 300 metres and intersected 400 metres downdip by drilling conducted prior to ILC's drilling campaign. Seven of ILC's eight widely dispersed holes, covering an area approximately 600 x 300 metres, intersected pegmatite.

Logistics of the drill program were excellent as the project is road accessible and is just a short distance from the Trans Canada Highway. The Raleigh project is located less than 20 kilometres directly west of the Township of Ignace, Ontario. It distinguishes itself from other lithium projects in Canada by being very well situated near to major public infrastructure; the Trans-Canada Highway, with direct access to Thunder Bay on Lake Superior, is less than six kilometres north of the project as is the mainline of the Canadian Pacific Railway, natural gas pipelines, and the hydro power line junction at Raleigh Lake. By having relatively easy access to public services, and no need to spend significant sums of money on building new roads or electric power lines to service the site nor buildings to house contractors, the Raleigh project possesses a substantial advantage over more remote mining projects.

John Wisbey, Chairman and CEO of International Lithium Corp. commented as follows:

"The results from the chemical analysis of drilling results at Raleigh Lake Zone 1 are very encouraging indeed, and significantly exceed our expectations at the time of our previous news release on April 19, 2021.

The lithium results from Zone 1 of Raleigh Lake that come out of the chemical analysis remain encouraging and in line with expectations. We still need to do more work to get to a Maiden Resource Estimate, but it now seems likely that the grade of lithium oxide is as high as or higher than that of some other hard rock lithium deposits in Canada where there has been a decision to go to production. Since our infrastructure costs are certain to be low compared with more remote sites in Canada, this is promising.

The really significant news from these results however is not the lithium but rather the high level of rubidium found at Raleigh Lake together with a lower but still possibly valuable level of caesium. Rubidium in this analysis totals approximately 52% of the ppm of lithium while caesium oxide totals approximately 7.2% of the ppm for lithium. However, the Company notes that the market price of high quality rubidium carbonate per kg is 76 times the market price of lithium carbonate while that of high quality rubidium and caesium metal is more than 1000 times the market price of lithium metal (Table 3), so these discoveries are far more than useful by-products. It will take time to analyze fully the economic value of the rubidium and caesium to the Company, especially the cost of getting to a high level of purity of rubidium and caesium oxide and how we would do this, but at first sight this looks like an extraordinarily promising result.

Table 3: Comparative prices of Lithium, Rubidium and Caesium. Source: SMM (https://www.metal.com/), May 24, 2021.

As well as a commercial analysis of the results so far, the Company plans to conduct more drilling at Raleigh Lake in the summer in Zone 1 and in the other Zones 2-5. We plan to raise further funds to ensure swift execution on this."

Quality assurance/quality control procedures

International Lithium Corp. has implemented a rigorous quality assurance/quality control program to ensure best practices in sampling and analysis of diamond drill core. All assays are performed by Activation Laboratories Ltd. (ActLabs), with sample preparation and analysis carried out in their full-service facility in Dryden, Ontario. Sample preparation involves crushing the entire sample to 80% passing 2 mm, riffle split 250g and pulverize to 95% passing 105 µm.

Primary analysis method: Peroxide (Total) Fusion, ICP-OES & ICP-MS with 55 elements including Li (3ppm – 5%). Sodium peroxide fusion provides total metal recovery and is effective for the decomposition of sulphides and refractory minerals.

Over limit analysis method: If Li >5%, then re-analyse by Assay Grade, Peroxide (Total) Fusion, including Li from 0.01%.

The drill program was under the control of a Professional Geoscientist, registered with Engineers and Geoscientists BC. The Company and its contractors carried out the program under full compliance with COVID-19 protocols based on guidelines issued by Public Health Ontario and provincial health authorities of Ontario to ensure the safety and health, for all personnel.

Qualified person

Patrick McLaughlin, P.Geo, a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects has reviewed and approved the technical information in this press release.

Figure 1: Location of the Spring 2021 drill holes relative to previous operators' drilling within Zone 1 of the Raleigh Lake project area.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3232/85977_8101af32e4c82b7a_003full.jpg

Figure 2: Total magnetic intensity image over the mineral claim outline divided into five Zones for various staged exploration activities at the Raleigh Lake Lithium project.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3232/85977_8101af32e4c82b7a_004full.jpg

About Rubidium

Rubidium is a soft, silver-white metal that belongs to the alkali metal group of chemical elements. It is represented by the symbol Rb, and it has the atomic number 37. Like the other alkali metals (lithium, sodium, potassium and caesium) pure rubidium is extremely reactive and would combust on exposure to water or oxygen. Its melting point is 39 degrees centigrade. It is therefore usually seen in compounds such as rubidium oxide or rubidium carbonate.

Rubidium is not at present used to any great extent in battery technology. If sodium-ion batteries were to take market share from lithium-ion batteries in future, small amounts of rubidium and caesium have been shown to improve the performance of sodium-ion batteries. Rubidium carbonate has multiple industrial uses, principally specialty glasses such as fibre optic cables, telecommunications systems including an important role in GPS systems, and night vision devices. There are also uses in medical equipment and atomic clocks. Quantum computing makes use of rubidium.

Rubidium is typically found in hard rock pegmatites, usually in lepidolite, but also in pollucite or zinnwaldite. The process for extraction can be similar to that used for caesium.

Worldwide the largest producer of rubidium has historically been Canada, while the largest reserves are believed to be in Southern Africa and Canada. There is also rubidium in the USA, Russia and Afghanistan. There are small concentrations in some brines, but on a much smaller scale than lithium.

The market price of 99.75% rubidium carbonate, the most widely used rubidium chemical, is around US$ 1,060 per kilogram (Source: SMM (metal.com) May 24, 2021). This is considerably higher, by 76 times, than the price per kilogram for lithium carbonate.

About International Lithium Corp.

International Lithium Corp. believes that the '20s will be the decade of battery metals, at a time that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect.

A key goal in the new decade is to become a well funded company to turn our aspirations into reality.

International Lithium Corp. has a significant portfolio of projects, strong management, and strong partners. Partners include Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer quoted on the Shenzhen and Hong Kong stock exchanges (A share code: 002460, H share code: 1772) and Essential Metals Limited, quoted on the Australian Stock exchange.

The Company's primary strategic focus is now on the Raleigh Lake lithium and rubidium project in Canada and on the Company's strategic options on the Mariana project in Argentina.

The Raleigh Lake project consists of 3,027 hectares of adjoining mineral claims in Ontario, and is regarded by ILC management as ILC's most significant project in Canada. The pegmatites explored there contain significant quantities of rubidium and caesium as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

The Company has a 10.1% stake in the Mariana lithium-potash brine project located within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, now owned 89.9% by Ganfeng Lithium and 10.1% by ILC (percentages are estimates and subject to audit). In addition, ILC has an option to acquire a further 10% in the Mariana project through a back-in right.

Complementing the Company's lithium brine project at Mariana and rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

The ownership of the Mavis Lake project is now 51% Essential Metals Limited ("ESS"") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. ESS has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% ESS and 20% ILC.

The Forgan Lake project will, upon Ultra Resources Inc. meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Resources, and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithium and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithium and 21% ILC.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact +1 604-449-6520

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

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the effect of results of the feasibility study of the Mariana Joint Venture Project, timing of publication of the technical reports, anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Mavis Lake projects, the expectation of resouirce estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or caesium recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, budgeted expenditures and planned exploration work on the Avalonia Joint Venture, satisfactory completion of the sale of mineral rights at Forgan Lake, increased value of shareholder investments, and continued agreement between the Company and Ganfeng Lithium Co. Ltd. regarding the Company's percentage interest in the Mariana project and assumptions about ethical behaviour by our joint venture partners where we have them. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85977

Nickel 28 Capital Corp. ("Nickel 28" or the "Company") (TSXV: NKL) (FSE: 3JC) has released its results for the three-month period ended March 31, 2021.

"Ramu had an exceptionally strong quarter, generating over US$11.8 million of attributable cash flow to Nickel 28, which will result in the extinguishment of our operating debt in the extremely near future," stated Anthony Milewski, chairman of the board. He continued, "From these results, we now expect to begin to receive significant cash flow from Ramu in H2 2021 and we would like to recognize MCC for continuing to deliver outstanding financial and production results from Ramu."

Q1 2021 Highlights

The Company’s principal asset, an 8.56% joint-venture interest in the Ramu Nickel-Cobalt ("Ramu") integrated operation in Papua New Guinea, continued to have another strong quarter in terms of production, sales, and cash flow. Highlights from Ramu during the quarter include:

• Nickel 28 cash generation from Ramu in Q1 2021 of US$11.8 million.

• Project revenue of over US$163 million, as a result of strong nickel/cobalt pricing and increasing payables for both.

• Average cash costs for the quarter, net of by-product credits, of US$1.70/lb. of contained nickel.

• Quarterly production of 8,805 tonnes of contained nickel and 800 tonnes of contained cobalt in mixed hydroxide (MHP) placing Ramu as the number one producer of MHP globally.

• Quarterly sales of 8,744 tonnes of nickel and 785 tonnes of cobalt contained in 57,035 wet metric tonnes (WMT) of MHP.

Nickel 28 Highlights:

• Strong quarter end cash balance of US$5.5 million, providing ample liquidity for the Company.

• Non-recourse joint-venture debt, as of March 31, 2021, of US$92.8 million, consisting of US$10.1 million of operating debt and US$82.7 million of construction debt. The Company’s semi-annual repayment of joint-venture debt is expected to occur on July 1^st, 2021 from Ramu’s H1 2021’s cash flow generation.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expect," "potential," "believe," "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements and figures with respect to the operational and financial results; statements with respect to the prospects of nickel and cobalt in the global electrification of vehicles; statements related to the repayment of the Company’s Ramu operating debt; statements related to the production impacts of the Covid-19 pandemic; and statements with respect to the business and assets of the Company and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005560/en/

Contacts

Investors:
Justin Cochrane
Tel: 647.846.7765
Email: info@nickel28.com

VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV:BRG) (FSE: B7LM) (USA:BGADF) announces that Mr. Matthew Wright has tendered his resignation as Chief Financial Officer of the Company. Mr. Wright's departure is effective immediately, but he will assist in facilitating a smooth transition once a new Chief Financial Officer is appointed, the Board of Directors has identified several qualified candidates.

Robert Birmingham, President and Chief Executive Officer, comments: "On behalf of Brigadier, I wish to thank Mr. Wright for his service to the Company and wish him well in his future endeavours."

About Brigadier Gold

Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Our mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.

Led by a management team with decades of experience in mineral exploration and capital markets development, we are focused on advanced exploration opportunities in politically stable jurisdictions.

For further information, please contact:

Brigadier Gold Limited
www.brigadiergold.ca
Ranjeet Sundher, Chief Executive Officer
corporate@brigadiergold.ca

Leah Hodges, Corporate Secretary
(604) 377-0403

Reader Advisory

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Brigadier Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/649936/Brigadier-Provides-Corporate-Update

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (the “Corporation”) is pleased to announce the results of its annual and special meeting of shareholders (the “Meeting”) held on May 31, 2021, with all resolutions approved with the required majority. At the Meeting, the shareholders:

• elected Drew Anwyll, Andrew Baumen, Robert Dodds, Nils Engelstad, Paul Martin and Quentin Yarie as directors of the Corporation;

• re-appointed MNP, LLP, Chartered Professional Accountants as auditors of the Corporation to hold office until the next annual meeting of shareholders, and to authorize the directors to set their remuneration;

• approved a resolution authorizing the continued use of the Corporation’s stock option plan (the “Stock Option Plan”).

The Board of Directors has granted an aggregate of 150,000 stock options to directors, and consultants of the Corporation pursuant to the Stock Option Plan. Each stock option is exercisable to acquire one common share of the Corporation at a price of $0.76 per share, vest over 36 months and expire on the fifth anniversary of the date of grant. The grant of options is subject to the approval of the TSX Venture Exchange.

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".

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.