Uranium Archives - Page 6 of 43

The new week started with stocks solidly in the red on Monday morning, but then the S&P and Dow staged another comeback that kept their record-setting pace alive. Meanwhile, we’re getting ready for a week full of retail earnings and data that should give us a read on the consumer and, therefore, the economic recovery.

“Equities saw pressure in the morning, then grinded their way higher all day. Sound familiar?”, said Jeremy Mullin in Counterstrike. “Things continue to be quite confusing, but the model to follow has been selling in the morning and buying in the afternoon.”

The Dow was down by nearly 300 points at its worst of the session, but finished higher by 110 points. It was up 0.31% to 35,625.40. The S&P rose 0.26% to 4479.71. These indices have now put together five consecutive sessions of record closes.

The NASDAQ, however, slipped 0.20% (or about 29 points) to 14,793.76. The tech-heavy index is under much more pressure than its counterparts these days. It was down by nearly 13 points last week, while the Dow and S&P were up 0.9% and 0.7%, respectively.

Softer-than-expected retail sales in China were one of the reasons why stocks had such a sluggish morning. And it just so happens that U.S. retail sales will be released tomorrow. You may remember that last month’s print was a pleasant surprise, climbing 0.6% in June to beat expectations calling for a slight loss. It was also a noteworthy improvement from the 1.7% plunge in May.

And that report is just the tip of the iceberg when it comes to retail news this week. Earnings season may be winding down, but we always finish up on an exciting note when some of the biggest retailers in the world take the stage.

Tomorrow we get releases from Walmart (WMT) and Home Depot (HD) before the bell, which were up 0.82% and 1.13% today, respectively. And on Wednesday this week we get the Fed minutes for the July meeting. The release is always a big deal, but it may take on even more importance as many investors feel that a taper announcement is drawing near.

Today's Portfolio Highlights:

Blockchain Technology: You might not think this portfolio needs a mining company, but Rio Tinto (RIO) is proving that this innovative technology can be used anywhere. The company launched a blockchain-based program called START earlier this year, which is the first sustainable label for aluminum using blockchain technology. It’ll be similar to a nutrition label on food, except it will offer information on things like carbon footprint, regulatory compliance and much more. Earnings estimates for RIO are going “through the roof”, which explains why the stock is a Zacks Rank #2 (Buy). Read the full write-up for a lot more on this new addition and be ready for another buy later this week.

Surprise Trader: Earnings season may be slowing down, but it’s not over. In fact, the tail end is when the retailers come out to report, which is where Dave went for his first of four additions this week. He picked up Tapestry (TPR), a designer and marketer of fine accessories and gifts (formerly known as Coach). This Zacks Rank #2 (Buy) has beaten the Zacks Consensus Estimate for four straight quarters with a positive surprise of 70% last time. And now it has a positive Earnings ESP of 6.06% heading into its next release on Thursday after the bell. The editor added TPR on Monday with a 12.5% allocation, while also getting out of the “meandering” Middleby Corp. (MIDD) position. Read the complete commentary for more.

Black Box Trader: The portfolio replaced four names in this week's adjustment. The stock that were sold on Monday included:

• Target (TGT, +5.1%)
• Interpublic Group of Cos. (IPG, +5%)
• Mattel (MAT)
• Skechers U.S.A. (SKX)

The new buys that filled these spots are:

• Avis Budget Group (CAR)
• DICK'S Sporting Goods (DKS)
• Nucor (NUE)
• Urban Outfitters (URBN)

Read the Black Box Trader’s Guide to learn more about this computer-driven service. By the way, this portfolio had a top performer on Monday with AutoNation (AN) advancing 5.7%.

Options Trader: "Stocks closed mostly higher today with the Dow and S&P both hitting new all-time highs in the process.

"The markets were weaker in the morning and for a portion of the afternoon. But after hitting their worst levels early on, they spent the rest of the day making their way back and then some.

"A stellar Q2 earnings season has really lifted stocks. And even though it's winding down, the robust outlooks for Q3 and beyond suggests there's a lot more upside to go.

"Same goes for the economic reports. Although, while some reports have beaten expectations, like the recent employment report which showed 943,000 new jobs were created last month, some have slowed down a bit. But we continue to see strong economic activity from a rebounding economy eager to open back up." — Kevin Matras

All the Best,
Jim Giaquinto

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Zacks Investment Research

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

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

See our latest analysis for Globex Mining Enterprises

How Do You Calculate Return On Equity?

The formula for ROE is:

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

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

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

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

What Is The Relationship Between ROE And Earnings Growth?

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

Globex Mining Enterprises' Earnings Growth And 73% ROE

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

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

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

Is Globex Mining Enterprises Making Efficient Use Of Its Profits?

Summary

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

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

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

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

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

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

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

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

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

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

Letter of Intent

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

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

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

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

Qualified Person

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

About Silver Spruce Resources Inc.

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

Contact:

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

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

www.silverspruceresources.com

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

Notice Regarding Forward-Looking Statements

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

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

SOURCE: Silver Spruce Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/660107/Silver-Spruce-Signs-LOI-to-Acquire-100-Interest-in-8750-hectare-Mystery-Till-and-Marilyn-Gold-Properties-Exploits-Gold-Belt-central-Newfoundland

(Adds details on talks, background, Woodside statement)

Aug 16 (Reuters) – BHP Group Ltd is in talks to sell its petroleum business to Australia's top independent gas producer Woodside Petroleum Ltd in exchange for shares, the companies confirmed on Monday.

The world's biggest miner BHP also said it had begun a strategic review of the business — made up of assets in Australia, the Gulf of Mexico, Trinidad and Tobago, and Algeria — that analysts value at between $10 billion and $17 billion.

BHP has been facing calls to detail how and when it will exit fossil fuels, with activist investor Market Forces filing a resolution on the topic this week for annual meetings in October and November.

The miner was widely expected to deliver a verdict on the future of the petroleum business ahead of its results this week.

"While discussions between the parties are currently progressing, no agreement has been reached on any such transaction," BHP said, adding that it was evaluating a number of options.

In a separate statement, Woodside confirmed talks with BHP over the deal and said discussions were ongoing. (Reporting by Shashwat Awasthi in Bengaluru; editing by Uttaresh.V)

Investors looking for stocks in the Mining – Miscellaneous sector might want to consider either BHP (BHP) or Wheaton Precious Metals Corp. (WPM). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Right now, BHP is sporting a Zacks Rank of #2 (Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that BHP is likely seeing its earnings outlook improve to a greater extent. However, value investors will care about much more than just this.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

BHP currently has a forward P/E ratio of 8.04, while WPM has a forward P/E of 29.27. We also note that BHP has a PEG ratio of 1.94. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. WPM currently has a PEG ratio of 5.85.

Another notable valuation metric for BHP is its P/B ratio of 2.15. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, WPM has a P/B of 3.43.

These metrics, and several others, help BHP earn a Value grade of B, while WPM has been given a Value grade of D.

BHP sticks out from WPM in both our Zacks Rank and Style Scores models, so value investors will likely feel that BHP is the better option right now.

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Zacks Investment Research

By Dhirendra Tripathi

Investing.com – BHP Billiton (NYSE:BBL) ADR traded 1.8% lower in Monday’s premarket on concerns that the company may not make the clean break with fossil fuels that many investors had hoped for.

BHP said overnight it's in talks with Woodside Petroleum (OTC:WOPEY) over a potential sale. One of the possibilities under consideration would include an all-share transaction in which BHP would distribute Woodside shares to its investors – an alternative that few BHP investors would prefer.

Reports peg the value of the deal at $15 billion. Under the likely terms, Woodside will issue its own equity to BHP shareholders as consideration for buying the mining giant’s petroleum business.

Such a deal would leave BHP shareholders with shares of a pure fossil fuel player, shares that they would be forced to sell immediately due to their investment mandates. Shareholders are usually happier with a cash-deal that would help the company pay them dividends or fund a buyback program.

BHP has got rid of many of its polluting assets and the sale of the petroleum business would bring it close to an exit from all such sectors.

A report last week by a UN panel warned of dire consequences as it said the climate is getting warmer at a pace faster than estimated earlier.

For Woodside, an acquisition of BHP's oil and gas assets would roughly double its annual underlying earnings to around $8 billion. For BHP, a petroleum exit would strip out just 5% of underlying earnings, according to Reuters

Woodside share closed 4.5% lower in today’s trading.

BHP Falls on Worry Woodside Deal Isn’t a Clean Break From Fossil Fuels

U.S banks walk tightrope of encouraging, but not mandating vaccines

Sydney Airport rejects improved $16.8 billion buyout bid, open to higher offer

(Bloomberg) — BHP Group is in talks over a potential merger of its oil and gas unit with Woodside Petroleum Ltd. to accelerate a retreat from fossil fuels amid increasing pressure to curb emissions.

Options being discussed include a distribution of Woodside shares to BHP holders to allow the Australian energy firm to add operations spanning Australia to the Gulf of Mexico, the companies said in separate statements. BHP’s unit could be valued at more than $15 billion, a person familiar with the details said last month.

The petroleum division “simply no longer fits within BHP’s portfolio or future-facing strategy,” said Saul Kavonic, an analyst at Credit Suisse Group AG. Having missed opportunities to sell thermal coal assets at higher prices, “BHP should know it’s better to exit petroleum sooner rather than later,” he said.

BHP, which generates the bulk of profits from iron ore and copper, is reviewing its portfolio as energy supermajors grapple with global pressure from investors and governments over climate action, in some cases by shrinking core production and adding renewable energy assets. Chief Executive Officer Mike Henry has already signaled plans to focus the world’s biggest miner on materials tied to renewable energy and electrification.

Woodside declined as much as 4.5% in Sydney trading Monday and was 4.4% lower as of 3:39 p.m. local time. BHP fell 0.9%.

“BHP confirms that we have initiated a strategic review of our petroleum business to re-assess its position and long-term strategic fit,” the company said. While talks with Woodside “are currently progressing, no agreement has been reached on any such transaction,” it said.

Though BHP has said it expects oil and gas demand to remain strong for at least another decade, and recently announced $800 million of investments in growth options, the company is wary of becoming stuck with assets that’ll become more difficult to exit as the world attempts to curb consumption of fossil fuels.

The talks with Woodside come a week after environmental campaign group Market Forces tabled a proposal on behalf of about 100 small investors that calls on BHP to wind down oil, gas and coal production in line with international targets to cut greenhouse gas emissions. A deal that would see investors take on Woodside shares risks undercutting BHP’s climate pledge, according to campaigner Will van de Pol.

“We know that investors have clearly signed up to the goal of net zero by 2050,” he said. “They’re increasingly understanding what that means, and it means no expansion of the oil & gas sector. So for investors to be lumped with shares in a company that is trying to expand its oil and gas production, I don’t think it’s going to sit that well.”

Asset Sales

Output in BHP’s oil and gas unit, which includes operations in Australia’s Bass Strait and North West Shelf, the U.S. Gulf of Mexico and in Trinidad and Tobago, declined 6% in the year to June 30. BHP is a partner in the projects with firms including BP Plc, Exxon Mobil Corp. and Woodside.

BHP sold the majority of its shale unit to BP in 2018 for about $10.5 billion, and is advancing plans to exit its final thermal coal mine and some metallurgical coal operations. Those divestments would leave the company with only a handful of fossil fuels assets, a collection of mines in Queensland that supply coal to steelmakers.

Last month, Bloomberg News reported BHP was considering plans to quit oil and gas. Woodside and BHP are in advanced talks over a deal worth about A$20 billion ($14.7 billion), the Australian Financial Review reported on Sunday, citing people familiar with the matter.

Melbourne-based BHP is scheduled to report annual results Tuesday.

(Updates with analyst comment in third paragraph.)

More stories like this are available on bloomberg.com

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In this article, we will be looking at 10 Russell 2000 basic materials dividend stocks to buy. To skip our detailed analysis of the basic materials sector, you can go directly to see the 5 Russell 2000 Basic Materials Dividend Stocks to Buy.

The basic materials sector is one that is typically considered to be less exciting or gripping than others, like say the technology sector. However, it is a sector that can be considered among the winners of the market in 2021. There are a couple of reasons for this, most notably the fact that President Biden's administration and its focus on a greener and more environmentally friendly America would lead to a greater focus on the production of green technology, and electric vehicles (EVs) in particular. How this may affect the basic materials sector is the next, and most natural question, and is easily answered when one considers that metals produced and refined by this sector, such as copper, lithium, and others, are among the few most vital elements required in the production of EVs and green electricity.

However, this is not the only reason why the materials sector can be expected to become a not-so-boring sector this year. Rather there are a number of factors contributing to the rising popularity of basic materials stocks like Rio Tinto Group (NYSE: RIO), Freeport-McMoRan Inc. (NYSE: FCX), LyondellBasell Industries N.V. (NYSE: LYB), and International Paper Company (NYSE: IP).

Before considering other factors, let's look at the one mentioned above first. According to a Fidelity report on outlook for the basic materials sector in 2021, particularly in relation to the rising sales and production of EVs in the US and the growing demand for green electricity, we can see that there are positive prospects for the sector in the US. EV sales in the country are expected to rise by almost 12% between 2010 and 2050, to almost 2 million such vehicles being sold in the US alone. According to this report, as the EV market is reliant on batteries that in turn are dependent on lithium, cobalt, and nickel, it can be expected that companies involved in the production and handling of these metals within the materials sector are set to profit in the coming 2 decades. In fact, the Fidelity report has estimated that the rising demand for lithium and similar commodities has already risen so much that by the mid-2020s we may already be facing a supply crunch for these materials. On the same note, the report has estimated that by 2030, over 80% of the total demand for lithium is expected to come from the EV sector, with the metal seeing an eye-popping double-digit annual growth in its demand.

Apart from the above, a Stansberry Investor report from this July has also mentioned that the basic materials sector has, quite surprisingly for some, been able to jump by about 25% from January to May 2021. The gain has easily overtaken the return of the S&P 500 as well, being almost double the benchmark's index's return over the same timeframe. It has also been estimated that this sector in particular has managed to yield stable and positive returns at least since as far back as 2000, with a 7% annual return being quoted since then. This demonstrates not only a positive performance on part of this sector, to the joy of investors, but also a consistently positive performance, for the most part. Adding on to this is the fact that it has been reportedly stated by Bloomberg that the S&P 500 Materials Index has been able to perform well enough to earn it the title of the best sector on the market, just after the energy sector, as of this March. With shares soaring during the first few months of 2021 and commodity prices rising during the pandemic, the index went up by about 98%. In any case, the sector's performance is increasingly becoming hard to doubt.

While the basic materials sector soars, the entire hedge fund industry is still feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

best material dividend stocks to buy now

Let's now look at the 10 Russell 2000 basic materials dividend stocks.

Our Methodology

We have used Insider Monkey's data of about 866 hedge funds alongside the Russell 2000 index to select small-cap basic materials dividend stocks that are more popular among hedge funds this year. The stocks also have mostly positive analysts' ratings and robust fundamentals, demonstrating their financial strength. Finally, we have mentioned the dividend yields and the number of hedge fund holders for each stock as well, ranking them from the lowest to the highest dividend yield.

Russell 2000 Basic Materials Dividend Stocks

10. FutureFuel Corp. (NYSE: FF)

Number of Hedge Fund Holders: 9 Dividend Yield: 2.4%

FutureFuel Corp. (NYSE: FF) is a manufacturer and seller of diversified chemical, bio-based fuel, and bio-based specialty chemical products in the US. The company ranks 10th on our list of Russell 2000 basic materials dividend stocks and operates through its Chemicals and Biofuels segments.

In the second quarter of 2021, FutureFuel Corp. (NYSE: FF) had an EPS of $0.08. The company's revenue of $ 74.12 million was up 56.3% year over year and beat the previous quarter's revenue of $41.52 million.

By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in FutureFuel Corp. (NYSE: FF) worth roughly $60.7 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $54.4 million.

Like Rio Tinto Group (NYSE: RIO), Freeport-McMoRan Inc. (NYSE: FCX), LyondellBasell Industries N.V. (NYSE: LYB), and International Paper Company (NYSE: IP), FutureFuel Corp. (NYSE: FF) is a good stock to invest in.

9. Cabot Corporation (NYSE: CBT)

Number of Hedge Fund Holders: 23 Dividend Yield: 2.6%

Cabot Corporation (NYSE: CBT) is a specialty chemicals and performance materials company. It ranks 9th on our list of Russell 2000 basic materials dividend stocks and operates through its Reinforcement Materials, Performance Chemicals, and Purification Solutions segments.

This July, JPMorgan's Jeffrey Zekauskas upgraded shares of Cabot Corporation (NYSE: CBT) from Neutral to Overweight. The analyst also has a $62 price target on the stock.

In the fiscal third quarter of 2021, Cabot Corporation (NYSE: CBT) had an EPS of $1.35, beating estimates by $0.17. The company's revenue of $917 million was up 77.03% year over year and beat estimates by $112.30 million. Cabot Corporation (NYSE: CBT) has gained 10.69% in the past 6 months and 24.50% year to date.

By the end of the first quarter of 2021, 23 hedge funds out of the 866 tracked by Insider Monkey held stakes in Cabot Corporation (NYSE: CBT) worth roughly $111 million. This is compared to 20 hedge funds in the previous quarter with a total stake value of approximately $106 million.

Like Rio Tinto Group (NYSE: RIO), Freeport-McMoRan Inc. (NYSE: FCX), LyondellBasell Industries N.V. (NYSE: LYB), and International Paper Company (NYSE: IP), Cabot Corporation (NYSE: CBT) is a good stock to invest in.

8. Oil-Dri Corporation of America (NYSE: ODC)

Number of Hedge Fund Holders: 4 Dividend Yield: 2.9%

Oil-Dri Corporation of America (NYSE: ODC) is a developer of sorbent products in the US and globally. The company operates through its Retail and Wholesale Products Group and Business to Business Products Group segments. It ranks 8th on our list of Russell 2000 basic materials dividend stocks.

In the fiscal third quarter of 2021, Oil-Dri Corporation of America (NYSE: ODC) had an EPS of $0.30. The company's revenue of $76.26 million was up 8.86% year over year and beat the previous quarter's revenue of $74.50 million. Oil-Dri Corporation of America (NYSE: ODC) has gained 3.44% year to date and 0.92% in the past year.

By the end of the first quarter of 2021, 4 hedge funds out of the 866 tracked by Insider Monkey held stakes in Oil-Dri Corporation of America (NYSE: ODC) worth roughly $29.5 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of approximately $30.6 million.

Like Rio Tinto Group (NYSE: RIO), Freeport-McMoRan Inc. (NYSE: FCX), LyondellBasell Industries N.V. (NYSE: LYB), and International Paper Company (NYSE: IP), Oil-Dri Corporation of America (NYSE: ODC) is a good stock to invest in.

7. SunCoke Energy, Inc. (NYSE: SXC)

Number of Hedge Fund Holders: 22 Dividend Yield: 3.2%

SunCoke Energy, Inc. (NYSE: SXC) is an independent producer of coke in the US and Brazil. The company ranks 7th on our list of Russell 2000 basic materials dividend stocks and operates through three segments, namely the Domestic Coke, Brazil Coke, and Logistics segments. It provides metallurgical and thermal coal alongside handling and mixing services to its steel, coke, electric utility, coal producing, and other related customers.

Lucas Pipes, an analyst at B. Riley, this July raised his price target on shares of SunCoke Energy, Inc. (NYSE: SXC) from $9 to $10. The analyst also reiterated a Buy rating on the shares.

In the second quarter of 2021, SunCoke Energy, Inc. (NYSE: SXC) had an EPS of -$0.11, missing estimates by $0.20. The company's revenue of $364.30 million was up 7.78% year over year and beat estimates by $44.85 million. SunCoke Energy, Inc. (NYSE: SXC) has gained 18.21% in the past 6 months and 59.48% in the past year.

By the end of the first quarter of 2021, 22 hedge funds out of the 866 tracked by Insider Monkey held stakes in SunCoke Energy, Inc. (NYSE: SXC) worth roughly $87 million. This is compared to 19 hedge funds in the previous quarter with a total stake value of approximately $66 million.

Like Rio Tinto Group (NYSE: RIO), Freeport-McMoRan Inc. (NYSE: FCX), LyondellBasell Industries N.V. (NYSE: LYB), and International Paper Company (NYSE: IP), SunCoke Energy, Inc. (NYSE: SXC) is a good stock to invest in.

6. Glatfelter Corporation (NYSE: GLT)

Number of Hedge Fund Holders: 8 Dividend Yield: 3.4%

Glatfelter Corporation (NYSE: GLT) is a manufacturer of engineered materials for sale across the globe. The company has two segments, Composite Fibers, and Airlaid Materials. It ranks 6th on our list of Russell 2000 basic materials dividend stocks.

BMO Capital just this July upgraded shares of Glatfelter Corporation (NYSE: GLT) from Market Perform to Outperform. Analyst Mark Wilde, who pushed the upgrade, also holds an unchanged $17 price target on Glatfelter Corporation (NYSE: GLT) shares.

In the second quarter of 2021, Glatfelter Corporation (NYSE: GLT) had an EPS of $0.18, beating estimates by $0.04. The company's revenue of $244.91 million was up 13.29% year over year and beat estimates by $2.91 million.

By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Glatfelter Corporation (NYSE: GLT) worth roughly $30.7 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of approximately $21.6 million.

Like Rio Tinto Group (NYSE: RIO), Freeport-McMoRan Inc. (NYSE: FCX), LyondellBasell Industries N.V. (NYSE: LYB), and International Paper Company (NYSE: IP), Glatfelter Corporation (NYSE: GLT) is a good stock to invest in.

Click to continue reading and see the 5 Russell 2000 Basic Materials Dividend Stocks to Buy.

Next Steps:

There are key fundamentals of Liontown Resources which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Liontown Resources, take a look at Liontown Resources' company page on Simply Wall St. We've also compiled a list of relevant aspects you should look at:

Historical Track Record: What has Liontown Resources' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Liontown Resources' board and the CEO’s background.
Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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

Investors who take an interest in Orezone Gold Corporation (CVE:ORE) should definitely note that the Independent Chairman of the Board, Michael Halvorson, recently paid CA$1.33 per share to buy CA$133k worth of the stock. Although the purchase only increased their holding by 2.5%, it is still a solid purchase in our view.

View our latest analysis for Orezone Gold

The Last 12 Months Of Insider Transactions At Orezone Gold

In fact, the recent purchase by Independent Chairman of the Board Michael Halvorson was not their only acquisition of Orezone Gold shares this year. They previously made an even bigger purchase of CA$304k worth of shares at a price of CA$1.02 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$1.28. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 771.40k shares for CA$814k. On the other hand they divested 275.00k shares, for CA$261k. In the last twelve months there was more buying than selling by Orezone Gold insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Insider Ownership of Orezone Gold

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Orezone Gold insiders own 4.4% of the company, worth about CA$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Orezone Gold Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Orezone Gold shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Orezone Gold has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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

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

SASKATOON, Saskatchewan, Aug. 15, 2021 (GLOBE NEWSWIRE) —

Highlights:

Stephen M. Long appointed as the Chief Executive Officer of Global Laser Enrichment LLC (GLE), effective September 1, 2021
Formerly Senior Vice President, Business Development at GE-Hitachi Nuclear Energy Americas (GEH), and GEH Global Laser Enrichment (GEH GLE) Project Director, prior to that
Uniquely positioned to lead the completion of GLE’s continuing development and commercialization strategy and potentially take the SILEX technology to market

Cameco (TSX: CCO; NYSE: CCJ) and Silex Systems Limited (Silex) (ASX: SLX; OTCQX: SILXY) are pleased to announce the appointment of Stephen M. Long as Chief Executive Officer of GLE, effective September 1, 2021.

Mr. Long is a highly experienced and well-regarded executive in the nuclear energy industry. He joins GLE from GE Hitachi Nuclear Energy Americas (GEH), where he most recently served as Senior Vice President of Business Development, capping off a 13-year tenure with GEH in a variety of commercial, strategic and project management roles. His career has focused primarily on the nuclear fuel industry. He has been integral to the development of GEH’s interests in the emerging small modular reactor and advanced reactor markets, including the advanced fuels applications associated with them.

Earlier in his career, Long served as Project Director of GEH GLE for five years, ending in 2014. During that time, he was instrumental in establishing the business case for the Paducah Laser Enrichment Facility (PLEF) project and for leading the technology development process.

“I am honored and delighted to be appointed as the next Chief Executive Officer of GLE and to lead the company’s efforts to rapidly scale and ideally deploy the innovative SILEX laser enrichment technology,” Long said. “The opportunity for GLE has never been greater. The world is aggressively pursuing ambitious decarbonization targets, and advanced nuclear energy systems and technologies are being rightfully recognized as fundamental elements of the solution.

“GLE, and the SILEX technology, are uniquely capable of addressing the wide range of LEU (low-enriched uranium) and HALEU (high-assay low-enriched uranium) requirements needed to fuel these emerging reactor designs,” Long said. “I’m eager to get to work advancing this critical component of the advanced nuclear supply chain.”

Following the successful completion of the GLE restructure in January 2021, Cameco and Silex have focused on the recruitment of an executive team to lead GLE through its technology development and commercialization phases. Long’s appointment follows the recent selection of James Dobchuk as Chief Commercial Officer and President of GLE in June. Both of these executives will report to the board of GLE, and their respective areas of focus will see Steve lead the advancement of the SILEX technology, while James will focus on the commercial opportunities for GLE in the near-term and long-term.

“We’re very pleased to have someone with Steve’s tremendous credentials and track record in the nuclear energy sector serve as the CEO of GLE,” said Cameco president and CEO Tim Gitzel. “The knowledge and expertise that he and James bring to the table means that we have now secured the services of two highly regarded executives to lead GLE moving forward. We believe we have positioned this company for great success ahead, and we’re excited to see what the future holds.”

“Steve’s extensive experience will provide GLE with strong and experienced leadership, which will drive the completion of GLE’s commercialization plan,” said Craig Roy, Silex Chair and Chair of the GLE Governing Board. “The fact that he previously led the GLE project is an added bonus. We are very pleased that he will be able to step directly into the key Chief Executive Officer role and have an immediate impact. We have witnessed first-hand his tremendous dedication and rigor to his work. He is very well-respected by the GLE team, GLE’s shareholders and within the broader nuclear industry.”

Prior to his career with GEH and GLE, Long served eight years as a submarine officer in the United States Navy. He holds a bachelor’s degree in systems engineering from the United States Naval Academy, a master’s degree in aeronautical and astronautical engineering from the Massachusetts Institute of Technology, and an MBA from the University of North Carolina Kenan-Flagler School of Business.

Profile

Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations. Utilities around the world rely on our nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.

About Global Laser Enrichment

The successful completion of the GLE restructure occurred on January 31, 2021 following the conclusion of the US government approval process. The transaction involved the joint purchase of GE-Hitachi’s (GEH) 76% interest in GLE by Silex and Cameco. Closing of the agreement resulted in Silex acquiring a 51% interest in GLE and Cameco increasing its share from 24% to 49%, with the option to attain a majority interest of 75% ownership.

The transaction included a site lease between GLE and GEH, which will enable GLE to complete the SILEX technology commercialization program at the test loop facility in Wilmington, North Carolina. This program is expected to culminate with the full-scale demonstration of the SILEX uranium enrichment technology at the Wilmington site.

The Paducah Uranium Production Project (Paducah project)

Underpinning the Paducah project is the sales agreement between GLE and the US Department of Energy (DOE), which provides GLE with access to large stockpiles of depleted uranium tails inventories owned by DOE and located in Paducah, Kentucky. Subject to successful commercialization of the SILEX technology, the Paducah project represents an ideal path to market.

This opportunity is expected to involve GLE constructing the proposed Paducah Laser Enrichment Facility (PLEF), utilizing the SILEX technology to enrich the DOE tails inventories, which have been stored in the form of depleted uranium hexafluoride. The potential for second stage processing of PLEF output, involving enrichment from natural-grade uranium to low-enriched uranium for today’s conventional nuclear reactor fleet and an additional stage for production of HALEU fuel for the next-generation advanced reactor and small modular reactor markets, are currently being assessed.

Caution Regarding Forward-Looking Information and Statements

This news release includes statements considered to be forward-looking information or forward-looking statements under Canadian and U.S. securities laws (which we refer to as forward-looking information), including: the appointment of Mr. Long becoming effective on September 1, 2021; our expectations that Mr. Long is uniquely positioned to lead the completion of GLE’s continuing development and commercialization strategy, and that he will provide strong and experienced leadership; the expectation that GLE will be able to rapidly scale, deploy and market the SILEX technology, and the extent of the opportunity for GLE; the ability of GLE and the SILEX technology to address the wide range of LEU and HALEU requirements; our beliefs regarding having positioned the company for future success, our ability to complete GLE’s commercialization plan and the culmination of the SILEX technology; GLE’s continuing access to stockpiles of depleted uranium tails owned by DOE and located in Paducah, Kentucky; and our expectations regarding GLE’s construction of the PLEF using the SILEX technology and the potential for second-stage processing of PLEF output.

This forward-looking information is based on a number of assumptions, including assumptions regarding: Mr. Long’s ability to achieve the objectives of his role; the ability of GLE to rapidly scale, deploy and market the SILEX technology; the extent to which GLE and the SILEX technology will be able to address LEU and HALEU requirements; our ability to complete GLE’s commercialization plans; continuing access to the DOE stockpiles at Paducah; the construction of the PLEF and the potential for second-stage processing of PLEF output. This information is subject to a number of risks, including: the risk that Mr. Long could be unsuccessful in meeting certain objectives for any reason; the risk that GLE may not be able to rapidly scale, deploy or market the SILEX technology successfully; the risk that GLE and the Silex technology may be unable to address LEU and HALEU requirements to the extent expected; the risk that we may be unable to complete commercialization plans successfully; the risk that GLE may not be able to continue to have access to the DOE’s uranium stores in Paducah; the risk that the PLEF may not be successfully completed and the risk that second stage processing of PLEF output may not be achievable. The forward-looking information in this news release represents our current views, and actual results may differ significantly. Forward-looking information is designed to help you understand our current views, and may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

Investor inquiries:
Rachelle Girard
306-956-6403
rachelle_girard@cameco.com

Media inquiries:
Jeff Hryhoriw
306-385-5221
jeff_hryhoriw@cameco.com

By Melanie Burton and Kate Lamb

MELBOURNE (Reuters) – Australia's mining industry is bracing for a government inquiry that is expected to shed light on sexual harassment in the country's mineral-rich west, as the sector struggles with a dire skills shortage and low female representation.

Conditions at Western Australia's mining camps have worsened sexual harassment, critics say, and the issue has prompted the industry to take a stand against a culture they say has to change.

Major miners including BHP Group, Rio Tinto and Fortescue are among those expected to make submissions to the state government inquiry, which will make recommendations to West Australia's parliament in April 2022. Submissions close on Friday and become public next week.

Workers typically live at isolated "fly-in, fly-out" (FIFO) camps for a fortnight at a time in Western Australia's mining belt, the source of much of the country's economic prosperity.

Women make up roughly one in five FIFO workers and critics say recreation facilities have become hubs for drinking alcohol and created poor camp cultures that miners need to address.

"There are certain geographic and other issues that make FIFO camps a particular high risk area – part of that is the demographics that are on site," said Owen Whittle, a spokesperson for UnionsWA, which represents 30 workers groups and will make a submission to the inquiry.

Whittle says miners and contractors need to invest in site facilities and health and safety practices, particularly at smaller camps. He said sexual harassment needs to be seen as a systemic issue, rather than a series of unrelated incidents for the police to deal with.

"Often these (smaller) camps are poorly managed, the facilities are very poor. You might have little more than a wet mess and a rundown gym in terms of recreation facilities on site," he said, referring to mess facilities that serve alcohol.

"We need to put a duty on the camp operators and the miners and all the resource companies to…prevent harm in these workplaces."

In a 2020 report, the Australian Human Rights Commission inquiry into sexual harassment found that 74% of women in the mining industry had experienced some form of sexual harassment in the past five years, partly due to the gender imbalance.

CULTURAL ISSUES

A young woman formerly employed at one of Australia’s largest mining companies told Reuters that while her team was "welcoming, sensitive and conscious," that attitude was not always replicated underground.

"If you are a new employee and there are already about 8-10 male miners down there, you tend to sort of accept a few things here or there that you usually wouldn't," said the woman, who declined to be named. "Like swearing, or throwing the c-word around like it's nothing."

In her experience her male colleagues were largely respectful to her but she said when there is a group of them that "culture perpetuates."

Australia's three biggest miners, BHP, Rio Tinto and Fortescue, did not have an immediate response to requests for further comment but have previously spoken about measures they are taking to address the issues, including efforts to increase women in their workforces.

BHP has been targeting a 50-50 gender split by 2025. The percentage of women has risen to 26.5% up from 17.6% since mid-2016.

Rio is striving to increase the representation of women by 2 percentage points each year. It rose by 0.9% to 21.0% in the first half, hiring 1,270 women, 32% of all hires. It has also launched an initiative to address sexual harassment and help it retain women.

"As an industry, we must and can do more to ensure we have a diverse workforce that is reflective of our community and foster a workplace culture that truly embraces diversity and inclusiveness," Elizabeth Gaines, Fortescue Chief Executive, said last week.

At the mining industry's biggest annual conference in the outback town of Kalgoorlie last week, Gaines noted she had improved the event's gender diversity: women made up four out of 56 speakers, up from the three last year.

"It is clear that the industry still has some work to do in this regard," she said at the conference.

(Reporting by Melanie Burton; Editing by Sam Holmes)

By Sonali Paul and Melanie Burton

MELBOURNE (Reuters) – Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.

The world's biggest miner has been facing calls to detail how and when it will exit fossil fuels, with activist investor Market Forces filing a resolution on the topic this week for annual meetings in October and November.

BHP's decision this month to approve $802 million in development spending on oil projects in the U.S. Gulf of Mexico – just days before a new report that issued dire warnings about human contribution to climate change – has only ratcheted up pressure from some investors.

"It's clear something is brewing," said Simon Mawhinney, Chief Investment Officer at Allan Gray Australia.

BHP declined to comment on market speculation.

Analysts value BHP's petroleum business, made up of assets in Australia, the Gulf of Mexico, Trinidad and Tobago and Algeria, at $10 billion to $17 billion. The division contributed 5% of BHP's underlying earnings of $14.7 billion in the first half to end-December, compared with 70% for iron ore.

Investors are split on their fit within BHP's portfolio, especially as the company focuses on new economy materials such as copper, nickel and potash.

An exit from petroleum would constitute "a major shift" in BHP's environmental, social and governance (ESG) credentials and overall strategy towards fossil fuels, Morgan Stanley analyst Rahul Anand said in a recent note.

AUSTRALIA AND THE REST

BHP's late-life, mainly low-return energy assets in Australia are seen as particularly ripe for a sale amid high oil and gas prices.

"For BHP, if you look at its Australian (energy) assets, if they could exit those in a meaningful way for something approximating value, that would be a good outcome," said Brenton Saunders, a portfolio manager with shareholder Pendal Group.

Credit Suisse and Citi value the Australian energy assets – including the Bass Strait, Northwest Shelf LNG and the Scarborough gas field – at $3 billion to $5 billion.

Woodside Petroleum Ltd is seen as the most logical buyer as they would boost its free cash flow and increase its stakes in key projects, although not all investors favour such a tie-up given the asset mix and likely need for an equity raising.

Woodside declined to comment.

BHP would also have to take a discount on any sale given some heavy decommissioning liabilities, said Credit Suisse analyst Saul Kavonic, although a sale could boost its ESG rating and attract new shareholders.

"BHP could sell these for discounts but still increase share value though a re-rating on the rest of their business," he said.

Elsewhere, investors say BHP's petroleum assets are more attractive.

The most valuable are its stakes in oil fields in the Gulf of Mexico, valued at $10.4 billion by Wood Mackenzie, which made up about 25% of the company's 103 million barrels of oil equivalent output the year to June 2021.

"The rest of the portfolio, there are parts that are high growth, high returning. They've done a lot of work on them and shareholders have had to wear some of the bad times. They are good assets," said Pendal Group's Saunders.

BHP is due to deliver its annual results on Tuesday at 0700 GMT.

(Reporting by Melanie Burton and Sonali Paul; editing by Richard Pullin)

Distinguishing between overpriced and fairly priced stocks is the key to successful investing. But the task is not easy as the correctly priced and overvalued stocks are mingled in a very deceptive way in the marketplace. Investors who can pinpoint the overhyped toxic stocks and discard them at the right time are the ones who are poised to benefit.

Usually, toxic companies are vulnerable to external shocks. These companies are burdened with huge debts too. Also, unjustifiably high price of the toxic stocks is short-lived as their current price exceeds their inherent value. Quite naturally, these stocks are bound to result in loss for investors over time.

Higher price of the toxic stocks can be attributed to either an irrational exuberance associated with them or some serious fundamental lacuna. If you own such stocks for long, you are likely to see a big loss in your wealth.

If you can, however, precisely spot the toxic stocks, you may gain by resorting to an investing strategy called short selling. This strategy allows you to sell a stock first and then buy it when the price falls.

While short selling excels in bear markets, it typically loses money in bull markets.

So, just like figuring out stocks with growth potential, identifying toxic stocks and discarding them at the right time is the key to shield your portfolio from big losses or make profits by short selling them.

Screening Criteria

Here is a winning strategy that will help you identify overpriced toxic stocks:

Most recent Debt/Equity Ratio greater than the median industry average: High debt/equity ratio implies high leverage. High leverage indicates a huge level of repayment that the company has to make in connection with the debt amount.

P/E using 12-month forward EPS estimate greater than 50: A very high forward P/E implies that a stock is highly overvalued.

% Change in F (1) and F (2) Estimate (12 Weeks) less than 0: Negative EPS estimate revision for the current and next fiscal year during the past 12 weeks points to analysts’ pessimism.

Zacks Rank more than or equal to #3 (Hold): We have not considered Buy-rated stocks that generally outperform the market. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Here are four of the 19 stocks that made it through the screen:

TPI Composites, Inc. TPIC: Headquartered in Arizona, the firm is the manufacturer of composite wind blades for the wind energy market. It operates primarily in the United States, Mexico, China and Turkey. Over the past seven days, the Zacks Consensus Estimate for 2021 loss per share has widened by 6 cents to $1.40. The bottom-line projection indicates a year-over-year plunge of 159%. TPI Composites currently carries a Zacks Rank #5 (Strong Sell) and has a VGM Score of F.

Cameco Corporation CCJ: Saskatoon-based Cameco is one of the world's largest uranium producers. The company is a notable supplier of conversion services and one of the two CANDU fuel manufacturers in Canada. Over the past 30 days, the Zacks Consensus Estimate for 2021 has deteriorated from earnings of six cents to loss of 16 cents per share. The bottom-line projection indicates a year-over-year decline of 23%. The company currently has a Zacks Rank #5 and a VGM Score of F.

Hexcel Corporation HXL: Delaware-based Hexcel develops, manufactures and distributes lightweight, high-performance structural materials for use in the Commercial Aerospace, Space & Defense and Industrial markets. Over the past 30 days, the Zacks Consensus Estimate for 2021 earnings has narrowed by 2 cents to 22 cents per share. The consensus mark for sales and earnings for the current year implies a year-over-year decline of 10.5% and 12%, respectively. The company currently has a Zacks Rank #4 (Sell) and a VGM Score of C.

Viad Corp VVI: Arizona-based Viad is an experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and United Arab Emirates. The Zacks Consensus Estimate for sales for the current year implies a year-over-year decline of 22.5%. The bottom-line projection for 2021 is pegged at a loss of $2.24 per share. The company currently has a Zacks Rank #4 and a VGM Score of F.

Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance

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

Cameco Corporation (CCJ) : Free Stock Analysis Report

Hexcel Corporation (HXL) : Free Stock Analysis Report

Viad Corp (VVI) : Free Stock Analysis Report

TPI Composites, Inc. (TPIC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

My name is Rajini Bala, and I welcome you all to the Alexco Resources 2021 second-quarter results conference call. Today, our chairman and CEO, Clynt Nauman, will discuss our most recent results, and he will be joined by our president, Brad Thrall; and our CFO, Mike Clark, during the question-and-answer period.

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has BHP Group Limited Sponsored (BHP) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.

BHP Group Limited Sponsored is a member of the Basic Materials sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BHP is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BHP's full-year earnings has moved 12.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, BHP has moved about 19.18% on a year-to-date basis. At the same time, Basic Materials stocks have gained an average of 16.73%. This means that BHP Group Limited Sponsored is performing better than its sector in terms of year-to-date returns.

Looking more specifically, BHP belongs to the Mining – Miscellaneous industry, a group that includes 47 individual stocks and currently sits at #207 in the Zacks Industry Rank. This group has gained an average of 17.48% so far this year, so BHP is performing better in this area.

BHP will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.

Aug 12 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

– BHP urged to run down not sell its fossil fuel assets https://on.ft.com/3AuLENC

– UK government urged to aid universities struggling with record student numbers https://on.ft.com/3lWfx5q

– Johnson poised to backtrack on mid-2030s gas boiler ban https://on.ft.com/3jOCXY0

– Germany arrests Briton on suspicion of spying for Russia https://on.ft.com/2Xp7Pa5

Overview

– BHP Group Plc has been urged to run down rather than divest its fossil assets by shareholder activist group Market Forces, to meet the goals of the Paris climate agreement.

– Education leaders have called on the UK government for more support to universities, as higher education institutions are struggling to accommodate a larger number of students following a surge in top A-level marks.

– Prime Minister Boris Johnson is set to cut down plans to ban the sale of new gas boilers in the UK from mid-2030, over concerns from ministers and Conservative Party lawmakers about the cost to consumers of transitioning to net zero emissions.

– German prosecutors on Wednesday said that they have arrested a British man working at the UK embassy in Berlin on suspicion of passing documents to the Russian intelligence service.

(Compiled by Bengaluru newsroom)

VANCOUVER, BC, Aug. 11, 2021 /CNW/ – Trading resumes in:

Company: Sego Resources Inc.

TSX-Venture Symbol: SGZ

All Issues: Yes

Resumption (ET): 12:15 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
“Cision”
Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/11/c2876.html

Halifax, Nova Scotia–(Newsfile Corp. – August 11, 2021) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has recently joined the National Mining Association ("NMA") as the Company prepares to construct the Alaska Strategic Metals Complex ("Alaska SMC") rare earth element ("REE") processing facility by the end of 2023 and seeks to accelerate the long-term development of the Bokan-Dotson Ridge Rare Earth Element Project ("Bokan" or "Bokan Project").

Since 1995, the NMA has been the clear, strong voice in Washington, D.C., for U.S. mining, representing its more than 250 corporate and organization members before Congress, the administration, federal agencies, the judiciary and the media. The NMA works to engage in and influence the public process on the most significant and timely issues that impact mining's ability to safely and sustainably locate, permit, mine, transport and utilize the nation's vast resources. Ucore's membership in the NMA timely coincides with the Biden Administration's continued efforts to strengthen the domestic supply chain by positioning America to drive the electric vehicle future forward, outcompete China, and tackle the climate crisis.

Rich Nolan, President and CEO of the National Mining Association stated: "For far too long the U.S. sat on the sidelines while China strategically built out production and processing capabilities that have resulted in almost total dominance of the rare earth supply chain. Ucore's vision and plan show that need not be the case. With near-term plans for processing and production in Alaska in parallel to the long-term development of the Bokan Project, Ucore is a prime example of a company that can help ensure that 'made in America' also includes 'processed in America,' where we know projects will utilize our vast resources under world-leading environmental and labor standards. We are proud to have such an innovative and visionary company join our membership."

On August 5, 2021, President Biden signed an Executive Order on Strengthening American Leadership in Clean Cars and Trucks. This executive order sets a goal that 50 percent of all new passenger cars and light trucks sold in 2030 be zero-emission vehicles, including battery electric, plug-in hybrid electric, or fuel cell electric vehicles. It also directs federal agencies to find ways to accelerate innovation and manufacturing in the automotive sector, to strengthen the domestic supply chain and kicks off the long-term fuel efficiency and emissions standards to save consumers money, cut pollution and grow North American jobs, pay and benefits.

"Ucore's membership in the National Mining Association, its growing relationships with North American original equipment manufacturers and US-allied resource suppliers affords us a unique opportunity to solidify our efforts to strengthen the REE supply chain in the United States," stated Ucore Vice-President & COO, Mike Schrider, P.E. "Critical mineral processing is the first step to establishing an independent rare earth supply chain in North America, and the Alaska SMC rare earth oxide production facility will be an integral component of the United States' domestic vehicle supply chain for the critical metals required to shift the landscape with electrical vehicles."

# # #

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with potential for production, growth, and scalability. Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare-Earth Element Project in Southeast Alaska, USA. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this vision includes disrupting the People's Republic of China's ("PRC") dominance of the US REE supply chain through the development of a heavy rare-earth processing facility – the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore's heavy rare-earth element mineral resource property located at Bokan Mountain on Prince of Wales Island, Alaska.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX^® Best Market under the ticker symbol "UURAF".

For further information, please visit www.ucore.com.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements" regarding, among other things, the Company's ALASKA2023 Business Plan as well as the upcoming prospective financing activities involving the Company and AIDEA. All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, litigation outcomes, events, or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results and actual results or developments may differ materially from those in forward-looking statements. In regard to the disclosure in the "About Ucore Rare Metals Inc." section above, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to IMC, as suppliers for Ucore's expected future Alaska Strategic Metals Complex ("Alaska SMC"). Ucore has also assumed that sufficient external funding will be found to prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Elements project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer off-take agreements. Ucore has also assumed that sufficient external funding will be secured to develop the specific engineering plans for the Alaska SMC and its construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: Innovation Metals Corp. ("IMC") failing to protect its intellectual property rights in RapidSX™; RapidSX failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the Alaska SMC; Ucore not being able to raise sufficient funds to fund the specific design and construction of the Alaska SMC and/or the continued development of RapidSX; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan and/or the Alaska SMC; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

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

CONTACT

Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
+1 902 482 5214
mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92795

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in BHP Group's (ASX:BHP) instance, it's good news for shareholders.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for BHP Group

BHP Group Insider Transactions Over The Last Year

The Independent Non-Executive Director Xiaoqun Clever made the biggest insider purchase in the last 12 months. That single transaction was for AU$68k worth of shares at a price of AU$34.05 each. Even though the purchase was made at a significantly lower price than the recent price (AU$52.52), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid AU$70k for 2.04k shares. But insiders sold 16.00 shares worth AU$820. Overall, BHP Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Have BHP Group Insiders Traded Recently?

There was only a small bit of insider buying, worth AU$2.1k, in the last three months. Overall, we don't think these recent trades are particularly informative, one way or the other.

Does BHP Group Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.03% of BHP Group shares, worth about AU$77m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About BHP Group Insiders?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think BHP Group insiders are doubting the company, and they do own shares. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that BHP Group has 2 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

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

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

(Bloomberg) — BHP Group, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group.

A proposal tabled on behalf of about 100 small investors by Market Forces, which coordinates groups of shareholders on climate issues, calls on the company to wind down production in line with international targets to cut greenhouse gas emissions, and to focus on helping communities to find alternative jobs.

“By providing a leading example of responsibly managing down fossil fuel assets, BHP can preserve and realize the genuine value that exists in these assets, align with global climate goals, and support its workers in the transition to a decarbonized economy,” the group said in a statement. Market Forces and the BHP investors have tabled resolutions to be considered at the company’s annual meeting in Australia later this year.

BHP’s board will set out a response ahead of the meeting, the company said in a statement Wednesday. The investors hold less than 0.01% of BHP’s Australia-listed entity and about 0.006% of the combined group, which includes the miner’s London-traded shares, according to the statement.

BHP is considering an exit from the oil and gas sector and reviewing options including a trade sale, people familiar with the matter said last month. The producer in June agreed to sell its one-third share in a Colombian coal mine and is also progressing plans to offload a thermal coal operation and some metallurgical coal assets in Australia.

Activists who previously had urged the biggest miners and oil majors to rid their portfolios of fossil fuels operations are increasingly changing approach, in recognition that assets are often sold to smaller producers or government-backed firms that operate with far less transparency and typically seek to boost volumes.

While shareholder resolutions seldom win large support, they’re among tools being used by small campaign groups to pressure companies. Lawsuits have been effective too, with Royal Dutch Shell Plc ordered to slash emissions faster than planned in a recent ruling and Australia’s government instructed to consider climate change in mine approvals.

“There’s an increasingly deep and sophisticated understanding of the steps big companies and their investors need to take to play their part in bringing down emissions,” said Will van de Pol, a campaigner at Australia-based Market Forces. “Companies and investors can no longer get away with green-washing and shirking their responsibilities.”

Read more: BP Cleans Image With Oil Asset Sales While Emissions Stay Behind

BP Plc is among firms that have faced criticism for pursuing divestment deals that will help the company meet its own net-zero goals, though likely won’t result in lower emissions from the assets that have been sold.

“While divestment addresses stranded asset risk exposure, it fails to manage the reputational risk associated with avoiding responsibility for employee transition support and site rehabilitation,” Market Forces said in its statement.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

VANCOUVER, British Columbia, Aug. 11, 2021 (GLOBE NEWSWIRE) — Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce that it has initiated a reconnaissance and field work program at its 100% owned Forrest Kerr Project in BC’s Golden Triangle. The 2021 program will consist of additional mapping and sampling in specifically identified areas of the property that have had limited coverage to date and in areas of interest as the property’s extensive data base dictates. This program is designed to generate additional drill targets and to further the understanding of the geologic processes that have taken place and are the cause of the gold emplacement in the North and South Boundary Valley of the Forrest Kerr Property.

The areas of interest this year will be to the North and South of the Boundary zones. Minimal exploration has been conducted in the 3.5km-long Boundary-Marcasite corridor to the north of the North Boundary High-grade Zone despite the presence of high-grade precious metal values on surface. And to the south, very limited surface work has been conducted south of the South Boundary mineralized corridor, although discovery potential is high as this area overlies the regional-scale Forrest Kerr Fault Zone and other associated structures.

Flow-Through Financing

Further, the Company has closed a non-brokered private placement financing for total gross proceeds of CAD $175,000 (the “Placement”).

The Company has allotted and issued 2,500,000 flow-through units (the “FT Units”) at a price of CAD $0.07 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half of one transferable warrant. Each whole warrant will entitle the holder to purchase one non-flow through common share for a period of two (2) years at a price of CAD $0.10 per share.

The Company intends to use the proceeds from the Placement towards exploration on its Forrest Kerr Gold Project, British Columbia. All securities issued under the Placement will be subject to a four-month and one-day hold period expiring December 12, 2021. The Placement remains subject to the final approval of the TSX Venture Exchange.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company.

Forrest Kerr Gold Project, Golden Triangle, BC claims map:
https://abenresources.com/site/assets/files/4087/abn_forrest_kerr_project_map.pdf

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”
______________________
JAMES G. PETTIT
President & CEO

For further information contact:
Aben Resources Ltd.
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

(All amounts in CDN$ unless otherwise indicated)

VANCOUVER, BC, Aug. 11, 2021 /CNW/ – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") today reports financial results for the quarter ended June 30, 2021 ("Q2 2021"). The Company also provides an update on capital development projects, scale up of mining operations, and exploration activities at Keno Hill.

Q2 2021 Highlights

22% Increase in Mineral Reserves at Keno Hill: On May 26, 2021, the Company announced the expansion of Mineral Reserves by 22% or 270,000 tonnes to 1.44 million tonnes, grading an average 804 grams per tonne ("g/t") silver ("Ag"), 3.84% zinc ("Zn"), 2.64% lead ("Pb"), 0.31 g/t gold ("Au"), or approximately 1,035 g/t Ag equivalent¹. The updated reserve mine plan is projected to produce over 35.5 million ounces of Ag over the next 8 years.
Mill Performance, Throughput and Recovery on Track: Since initial commissioning in December 2020, the mill has been operating on a modified schedule (primarily to match ore production from the Bellekeno mine) and saw throughput of 176 tonnes per operating day ("tpd") in Q2 2021 as ramp up continues towards 400 tpd. For the first six months of 2021 ("YTD"), mill throughput totaled 14,726 tonnes at 773 g/t Ag. Installation of cyclones, the addition of a new tailings filter press, installation of a new fine ore feeder, and construction of a new building around the crusher have all been completed as planned at the mill. For Q2 2021, Ag recoveries averaged 93%, with 94% of Ag reporting to the Pb concentrate.
On Track to Reach Bermingham and Flame & Moth Ore in Second Half of 2021: Underground development rates have increased since the first quarter of 2021 ("Q1 2021"), and the Company has contracted additional underground miners and maintenance technicians to supplement internal staffing and resources and to increase advancement rates.
Bermingham Northeast Deep Zone Exploration Program Results Expected: To date, approximately 11,500 meters ("m") have been drilled using directional drill technology; a total of more than 50 intercepts are targeted on the mineralized vein zone, with initial drill results anticipated to be available in late August.

¹ Ag eq. calculated using the annual metal price assumptions used for Mineral Reserves as shown in Table 22-3 of the NI 43-101 Technical Report on Updated Mineral Resource and Reserve Estimate of the Keno Hill Silver District.

Key Performance Metrics

Operations	Q2 2021	Q1 2021	∆-Q1 vs Q2	YTD 2021

Ore tonnes mined	6,464	4,427	46%	10,891
Ore tonnes milled	10,896	3,850	183%	14,746
Mill throughput (tpd)¹	176	107	65%	150

Head grade
Silver (g/t)	703	985	(29%)	773
Lead	9.3%	11.9%	(22%)	9.8%
Zinc	3.1%	3.3%	(0.06%)	3.2%

Recoveries
Silver	93%	83%	12%	90%
Lead in lead concentrate	83%	85%	(2%)	83%
Zinc in zinc concentrate	85%	31%	174%	70%

Concentrate production and grades
Lead concentrate produced (tonnes)	1,174	539	118%	1,713
Silver grade (g/t)	5,729	5,664	1%	5,690
Lead grade	70%	72%	(3%)	70%
Zinc concentrate produced (tonnes)	635	105	505%	740
Silver grade (g/t)	715	775	(8%)	637
Zinc grade	53%	37%	43%	44%

Production – contained metal in concentrate
Silver (ounces)	227,683	100,984	125%	328,667
Lead (pounds)	1,799,959	854,346	111%	2,654,305
Zinc (pounds)	637,780	86,494	637%	724,274

Financials	Q2 2021	Q2 2020		YTD 2021
(expressed in thousands of Canadian dollars, except per share amounts)	Q2 2021	Q2 2020		YTD 2021

Revenues – Mining operations	7,501	–		10,234
Revenues – Reclamation management	438	871		1,518
Operating Loss	(2,489)	(2,778)		(5,543)
Cash and cash equivalents	39,123	17,799		39,123
Net Working Capital²	30,240	24,405		30,240
Adjusted Net Income (Loss)²	(2,548)	(650)		(1,397)
Net Income (Loss)³	(2,748)	(12,229)		1,411

Shareholders
Basic and diluted net income (loss) per common share³	(0.02)	(0.10)		0.01
Adjusted basic and diluted net loss per common share²	(0.02)	(0.01)		(0.01)

Total assets⁴	215,448	152,200		215,448
Total liabilities⁵	28,533	14,194		28,533

1.	Mill throughput (tonnes per day) is based on the number of days that the mill was operational during the period. The mill was operational for 62 days and 36 days during Q2 2021 and Q1 2021, respectively.
2.	See "Non-GAAP Measures" in Section 11 of the Q2 2021 MD&A.
3.	Net loss for Q2 2021 includes a non-cash fair value loss relating to the embedded derivative asset totaling $200,000 (2020 – $11,579,000). Net income for YTD 2021 includes a non-cash fair value gain relating to the embedded derivative asset totaling $2,808,000 (2020 – loss of $3,482,000).
4.	Total assets increased primarily due to increases in cash and cash equivalents and mineral properties, plant and equipment.
5.	Total liabilities increased primarily due to increases in accounts payable and accrued liabilities and lease liabilities.

Outlook and Strategy

Clynt Nauman, Chairman and CEO, commented, "During the second quarter, we made good progress at Keno Hill, increasing mine reserves by 22% and ramping up mill throughput by 65% over Q1 2021, while maintaining strong metallurgical performance, both from a recovery and payability perspective. We continue to be extremely focused on increasing our underground development rates, and we remain on track to reach Bermingham and Flame & Moth ore in the second half of 2021. We do caution investors however that the longer term continuation or increased COVID-19 related workplace restrictions, slower than forecasted development advance rates or recruitment of underground miners and maintenance technicians, may have the effect of extending our scale-up period. The directional drilling campaign at the Bermingham Northeast Deep zone has given us a significant amount of high-quality information and we are looking forward to sharing those initial results with the market in late August, once assay results are available."

Conference Call for Q2 2021 Results

Alexco management will host an audio webcast conference call to discuss these results on Thursday, August 12, 2021 at 8:00 am PT (11:00 am ET). Details to join the conference call are as follows:

Dial toll free from Canada or the US: 1-800-319-4610

Dial from outside Canada or the US: 1-604-638-5340

Live audio webcast: http://services.choruscall.ca/links/alexco20210812.html

Participants should connect five to ten minutes before the call. The conference call will be recorded, and an archived audio webcast will be available at www.alexcoresource.com shortly after the call.

Qualified Persons

The disclosure in this news release of scientific and technical information regarding exploration projects on Alexco's mineral properties has been reviewed and approved by Alan McOnie, FAusIMM, Vice President, Exploration, while that regarding mine development and operations has been reviewed and approved by Neil Chambers, P.Eng., Chief Mine Engineer, both of whom are Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Alexco

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to production and commenced concentrate production and shipments in Q1 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral resources through successful exploration.

Forward-Looking Statements
Some statements ("forward-looking statements") in this news release contain forward-looking information plans related to Alexco's business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to risks and uncertainties relating to the COVID-19 pandemic including but not limited to business closures, travel restrictions, quarantines and a general reduction in consumer activity; actual results and timing of exploration and development, mining, environmental services and remediation and reclamation activities; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineral resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to the circumstances surrounding the COVID-19 pandemic, although evolving, will stabilize or at least not worsen; that the extent to which COVID-19 may impact the Company, including without limitation disruptions to the mobility of Company personnel, costs associated with implementation of health and safety protocols, increased labour and transportation costs, and other related impacts, will not change in a materially adverse manner; Alexco will be able to raise additional capital as necessary, that the proposed exploration and development activities will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Cision

View original content:https://www.prnewswire.com/news-releases/alexco-announces-second-quarter-2021-results-301353756.html

SOURCE Alexco Resource Corp.

Cision

View original content: http://www.newswire.ca/en/releases/archive/August2021/11/c2263.html

Provides update on development activities, legal challenge, and financing

WHITE SULPHUR SPRINGS, Mont., Aug. 11, 2021 (GLOBE NEWSWIRE) — Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to advise that it has taken another important step in advancing its fully permitted Black Butte Copper Project in Central Montana with the acquisition of a key property covering the proposed surface infrastructure.

Tintina Montana Inc., a wholly owned subsidiary of Sandfire Resources America Inc., completed the purchase of the 534.9-acre Mine Property from Bar Z Ranch Inc. (“Bar Z”) on July 22, 2021.

This property encompasses a majority of the area of surface disturbance and activity allowed in the Mine Operating Permit for the Johnny Lee Deposit, which was approved by the Montana Department of Environmental Quality ("MT DEQ") on August 17, 2020.

Facilities include the future underground mine entrance and portal pad, mill facility, contact water reservoir, cemented tailings facility, and other features. The purchase was conducted under the arrangement outlined in the Company’s contract with the surface property owner, Bar Z. The land sale only encompasses surface rights and does not include the associated Mineral Rights, which will continue to be owned by their current owners.

The Black Butte Copper Project is located wholly on private land in Meagher County, Montana. The traditional use of the land is for grazing cattle and the project has been designed to return the land to ranchland at the end of the mine life.

Legal Update

On July 16, 2021, District Court Judge Bidegary heard oral arguments for summary judgement from plaintiffs and defendants regarding a legal complaint filed on June 4, 2020 by the plaintiffs claiming to represent the environmental community. The suit was filed jointly against the MT DEQ and Tintina Montana Inc.

Additional intervenors in the suit supporting the MT DEQ and Tintina Montana Inc, include Meagher County, Broadwater County, and the Montana Department of Justice. A decision on the case is pending and may take several months.

To date, the legal challenge has not resulted in any interference with development activities and construction continues. While the Company does not believe that the legal challenge has any merit, it does have the potential to delay the development timeline.

Commenting on the latest developments, Sandfire America’s Senior Vice President Jerry Zieg said: “After years of developing strong community partnerships and often exceeding the standards set by one of the toughest regulatory processes in the world, the Company believes that the Black Butte Copper Project is cited as one of the most comprehensive mining plans Montana has ever seen – with state-of-the-art environmental safety features created expressly to protect the natural environment, including the Smith River Valley. The Company believes that the Black Butte Copper Project is a project Montana can be proud of and is very defensible in court. We look forward to moving forward, creating jobs, and getting back to investing in Montana.”

The Company has secured sufficient water rights to operate the Black Butte Copper Project, however these water rights required a modification to allow them to be used for mitigation as well as agriculture. On March 13, 2020, the Montana Department of Natural Resources issued a positive preliminary determination to grant the modification to the water rights.

A Hearings Examiner has been assigned to consider objections and ultimately issue a final determination on the modification to the water rights. The Company continues working on a resolution of the objections directly with the objectors to address their concerns prior to the final determination.

For additional information, see the Company's news releases dated June 5, August 17 and October 27, 2020, and the documents entitled “Management Discussion and Analysis for the year ended June 30, 2020” and “Management Discussion and Analysis for the nine months ended March 31, 2021”, which the Company filed on the Company’s SEDAR profile at www.sedar.com on August 25, 2020 and May 27, 2021.

Financing

The Company has identified a requirement for a further US$12 million in funding in 2021 to allow it to progress its value-adding and risk mitigation strategy for the Black Butte Copper Project through to mid-2022. The Non-Executive Independent Directors and Management are reviewing a number of financing options and expect to make an announcement before the end of August.

Sandfire America’s CEO Rob Scargill said: “Purchasing the land where our mine will be located is a significant milestone in the development of Black Butte. We have a strong, productive relationship with the local landholders and owning the land provides greater clarity between mining and ranching activities and allows both industries to exist side-by-side. The recent legal proceedings are a frustration to all involved in the Black Butte Copper Project, but we are making strong headway as we continue to build momentum in the project.”

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

Jerry Zieg, Sr. Vice President of Exploration for the Company, is a Qualified Person for the purposes of NI 43-101 and has also reviewed and approved the information of a scientific or technical nature contained in this news release.

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s plans for advancing the Black Butte Copper Project, including commencement of contracted surface work, the Company's financing options and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, the Company’s successful advancement of the Black Butte Copper Project, that the Company's exploration and development activities on the Black Butte Copper Project will not be materially affected by actions of environmental activists or other special interest groups and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company and the Black Butte Copper Project, that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, interference with the Company’s exploration or development activities by environmental activists or other special interest groups failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding , the risks disclosed in the Company’s most recently filed Management Discussion and Analysis and the Company’s other continuous disclosure filings filed under the Company's profile at www.sedar.com and all of the other risks generally associated with the development of mining facilities.. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by 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.

ROUYN-NORANDA, Québec, Aug. 11, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) is pleased to announce that it has closed the previously announced sale of Globex’s Mid-Tennessee Zinc Mine royalty to an assignee of Electric Royalties Ltd. (ELEC-TSXV) (“Electric Royalties”) for the following consideration, received by Globex at closing:

$13,750,000 in cash, of which $250,000 was received previously, net of applicable withholding taxes;
8,752,860 Electric Royalties shares; and
5,348,970 Electric Royalties warrants, each of which entitles Globex to purchase one additional Electric Royalties share at a price of $0.60 for a period of four years.

In the event that the zinc price per pound received by the owner of the Mid-Tennessee Zinc Mine exceeds US $2.00 for any continuous three-month period commencing after the closing of the transaction, Electric Royalties’ assignee will make an additional cash payment of $1 million to Globex.

Globex also announces that it has closed the sale to Electric Royalties of a 1% Gross Metal Royalty created on Globex’s 100%-owned Glassville, New Brunswick manganese exploration property for the following consideration, received by Globex at closing:

247,140 Electric Royalties shares; and
151,030 Electric Royalties warrants, each of which entitles Globex to purchase one additional Electric Royalties share at a price of $0.60 for a period of four years.

As a result of the two transactions, Globex has become the largest shareholder of Electric Royalties, holding in total 12,000,000 shares and 5,500,000 warrants.

Globex is an exploration and holding company with more than 200 exploration property assets and royalties, more than $30,000,000 in cash and shares of other companies, including the cash and shares received from Electric Royalties, and no debt. In addition, Globex holds currently out-of-the-money warrants of Electric Royalties and Falco Resources. Globex’s sale of the Francoeur/Arntfield/Lac Fortune gold property to Yamana Gold Inc. announced on June 22, 2021 is expected to provide Globex with an additional $11 million of revenue over the next four years and the recent option of the historic Eagle Gold Mine to Maple Gold Mines Ltd. is expected to deliver $200,000, half in cash and half in shares, over the first six months of the five-year option period.

Globex continues to vend projects and acquire new ones such as the recently-announced purchase of the Rouyn-Merger gold property which includes three areas of drill-outlined gold mineralization along a 6.5 kilometer stretch of the gold localizing Cadillac Break. Globex’s strong balance sheet should now enable us to undertake various types of transactions that we previously were unable to consider.

“Early Warning” Disclosure

Globex wishes to make the following disclosure under the “early warning” requirements of applicable Canadian securities regulations.

The 8,752,860 Electric Royalties shares and 5,348,970 Electric Royalties warrants referred to above were issued to Globex by Electric Royalties pursuant to a Royalty Purchase and Sale Agreement dated as of August 6, 2021 between Globex and Electric Royalties under which Globex sold its Mid-Tennessee Zinc Mine royalty to an assignee of Electric Royalties, and the 247,140 Electric Royalties shares and 151,030 Electric Royalties warrants referred to above were issued to Globex by Electric Royalties pursuant to a Royalty Purchase Agreement dated as of August 6, 2021 between Globex and Electric Royalties under which Globex sold a 1% Gross Metal Royalty on its 100%-owned Glassville, New Brunswick manganese exploration property to Electric Royalties (collectively, the “Transactions”).

Immediately prior to the closing of the Transactions, Globex held 3,000,000 Electric Royalties shares, representing 5.23% of the 57,405,101 issued and outstanding Electric Royalties shares. Immediately following the closing of the Transactions, Globex holds 12,000,000 Electric Royalties shares, representing 18.07% of the issued and outstanding Electric Royalties shares, and holds 5,500,000 Electric Royalties warrants. Assuming the exercise of the Electric Royalties warrants, Globex would hold 17,500,000 Electric Royalties shares, representing 24.34% of the Electric Royalties shares that would then be issued and outstanding.

Globex may not exercise any portion of the Electric Royalties warrants if the exercise of such portion of the warrants will result in Globex having beneficial ownership of, or exercising direction or control over, 20% or more of the issued and outstanding Electric Royalties shares except to the extent that the shareholders of Electric Royalties (on a disinterested basis, excluding any shares held by Globex) have approved the issuance of such shares in conformity with the policies of the TSX Venture Exchange. Electric Royalties has undertaken to use commercially-reasonable efforts to obtain approval from its shareholders for the issuance to Globex of shares upon the exercise of the warrants if such approval is required pursuant to the policies of the TSX Venture Exchange in order for Globex to exercise the warrants in full. In that regard, Electric Royalties has undertaken to present such matter to its shareholders at its next annual meeting of shareholders, to the extent that such approval is still required.

Globex acquired the shares and warrants described in this press release for investment purposes and in accordance with applicable securities laws, Globex may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of Electric Royalties in the open market or otherwise, and reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of Electric Royalties and other relevant factors.

A copy of the early warning report filed by Globex in connection with the Transactions is available on SEDAR under Electric Royalties’ profile.

Forward Looking Statements

Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur. A more detailed discussion of the risks encountered by Globex is available in the “Annual Information Form” for the fiscal year ended December 31, 2020 filed by Globex on SEDAR at www.sedar.com.

We Seek Safe Harbour.	Foreign Private Issuer 12g3 – 2(b)
	CUSIP Number 379900 50 9
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14^th Street Rouyn-Noranda, Quebec Canada J9X 2J1	Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com

Alexco Resource (AXU) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -200%. A quarter ago, it was expected that this mining company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Alexco Resource, which belongs to the Zacks Mining – Silver industry, posted revenues of $6.46 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 66.67%. This compares to year-ago revenues of $0.63 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Alexco Resource shares have lost about 41.3% since the beginning of the year versus the S&P 500's gain of 18.1%.

What's Next for Alexco Resource?

While Alexco Resource has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Alexco Resource was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $25.1 million in revenues for the coming quarter and $0.12 on $73.65 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Silver is currently in the bottom 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

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(Bloomberg) — BHP Group and union leaders at the Escondida complex in Chile are getting closer to a wage deal that would avert a strike at the world’s biggest copper mine.

Negotiators asked labor authorities for a one-day extension in a mediation process to continue working toward an agreement that could be put to workers Tuesday. According to the union, the breakthrough came after BHP acceded to some demands. On Friday, the Melbourne-based company warned that it wouldn’t improve the offer during a strike.

“During the course of the night, conversations between the parties will continue to close an agreement that will then be presented by Union No. 1 to its members,” BHP said in a statement late Monday.

Avoiding a stoppage at a mine that accounts for about 5% of global copper production would ease tensions over tightening supplies at a time when trillions of dollars in government stimulus fuel demand for industrial metals. In 2017, the same union staged a 44-day stoppage.

A deal at Escondida would also ease labor tensions in Chile after workers at a mine owned by JX Nippon Mining & Metals opted to walk off the job Tuesday when their talks with management collapsed.

At a third copper mine in Chile, Codelco’s Andina, the two sides agreed to extend talks to allow workers to vote on a new proposal, the result of which will be known Wednesday.

Surging producer profits are emboldening mine workers, with host nations also looking at ratcheting up taxes to help resolve inequalities exacerbated by the pandemic. At the same time, companies are striving to keep labor costs in check in a cyclical business and as ore quality deteriorates and input prices start to rise.

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Vancouver, British Columbia–(Newsfile Corp. – August 10, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report new assay results, with visible copper mineralization now spanning over 12-square kilometres at the URU zone, located along the 80-kilometre-long CESAR North belt, within Max's 100% owned CESAR copper-silver project in Northeastern Colombia (refer to Figures 1 to 4).

Eight rock samples over widths ranging from 10 to 25-metres returned values of 2.0% copper and above, twenty-one returned values greater than 1.0% copper, with highlight values of 3.9% copper and 37 g/t silver (refer to Table 1).

Rock chip channel results from values of 2.0% copper:

3.9% copper and 7 g/t silver over widths of 10-metres;
3.0% copper and 6 g/t silver over widths of 10-metres;
3.0% copper and 37 g/t silver over widths of 10-metres;
2.5% copper and 12 g/t silver over widths of 10-metres;
2.4% copper and 12 g/t silver over widths of 10-metres;
2.0% copper and 9 g/t silver over widths of 10-metres.

Reported representative grab samples collected over widths of 25-metres returned 2.7% and 2.2% copper (refer to Table 1). In addition, Max is awaiting assay results located along 10-kilometres of strike (refer to the white dots on Figure 2).

"The widespread nature of the copper mineralization over significant widths demonstrates the major-scale potential of the URU zone, that is open in all directions. We look forward to additional URU zone copper assay results due late next month," commented Max CEO, Brett Matich.

"Max's in-country team is continuing its field exploration programs through to end of year," he concluded.

Figure 1. CESAR Copper-Silver Project.
https://www.maxresource.com/images/gallery/MXR_CESAR_31.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_002full.jpg

Figure 2. CESAR North, URU assays and assays pending locations.
https://www.maxresource.com/images/gallery/MXR_CESAR_32.jpg

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_003full.jpg

Figure 3. 3D model shows the major-scale potential of the URU zone and is open in all directions.
https://www.maxresource.com/images/gallery/MXR_CESAR_33.jpg

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_004full.jpg

The URU copper mineralization is hosted in a stockwork within igneous host rock that crosscuts sediment-hosted stratabound mineralization. Observed minerals include chalcocite, native copper, cuprite and copper oxide. The copper mineralization is often associated with the presence of epidote.

Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar Basin to be analogous to both the Central African Copper Belt (CACB) and the Polish Kupferschiefer. Almost 50 percent of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa-Kakula copper deposits in the Congo.

Kupferschiefer, the world's largest silver producer and Europe's largest copper source, mining an orebody of 0.5 to 5.5-metres thick at depths of 500m, grading 1.49% copper and 48.6 g/t silver. The silver yield is almost twice the production of the world's second largest silver mine.

Source: Central African Belt Descriptive models, grade-tonnage relations, and databases for the assessment of sediment-hosted copper deposits with emphasis on deposits in the Central Africa Copperbelt, Democratic Republic of the Congo and Zambia by USGS 2010. Kamoa-Kakula by OreWin March 2020. World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper mineralization of the Central African Copper Belt and the Polish Kupferschiefer are not necessarily indicative of similar mineralization at CESAR.

Sample	Sample Type	Width (m)	Copper (%)	Silver (g/t)
878781	Chip channel	10.0	3.9	7
876379	Chip channel	10.0	3.0	6
876363	Chip channel	10.0	3.0	37
876288	Representative grab	25.0	2.7	3
876253	Chip channel	10.0	2.5	12
876262	Chip channel	10.0	2.4	12
876278	Representative grab	25.0	2.2	6
878761	Chip channel	10.0	2.0	9
876307	Rock Panel	1.0 x 1.0	2.0	9
876531	Chip channel	10.0	1.9	4
876350	Chip channel	10.0	1.8	2
876530	Chip channel	10.0	1.7	2
876398	Chip channel	10.0	1.7	6
876380	Chip channel	10.0	1.5	2
878769	Chip channel	10.0	1.5	3
876294	Representative grab	25.0	1.4	2
876528	Chip channel	10.0	1.3	3
878790	Representative grab	25.0	1.2	4
876518	Chip channel	10.0	1.1	2
878770	Chip channel	10.0	1.1	2
876520	Chip channel	10.0	1.1	3
878784	Representative grab	25.0	1.1	4
876515	Chip channel	10.0	1.0	2

Table 1. URU rock chip channel and representative rock grab sample results with values of 1% copper or above. Max cautions investors that grab sampling can be selective and are not necessarily representative of the mineralization.

QUALITY ASSURANCE

All samples were shipped to the ALS Lab sample preparation facility in Medellin, Colombia. Sample pulps are sent to Lima, Peru for analysis. All samples are analyzed using ALS procedure ME-MS41, a four-acid digestion with ICP finish. Over limit copper and silver are determined by ALS procedure OG-62, a four-acid digestion with an AAS finish. ALS Labs is independent from Max. Max is not aware of any other factors that could materially affect the accuracy or reliability of the data referred to herein.

QUALIFIED PERSON

The Company's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person under the definition of National Instrument 43-101.

CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW

CESAR is located along the 200-kilometre-long Cesar Basin in NE Colombia encompassing widespread highly prospective copper-silver mineralization. This region enjoys major infrastructure resulting from oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, now held by global miner Glencore (refer to Figure 5).

Figure 4. CESAR Project location.
https://www.maxresource.com/images/gallery/MXR_CESAR_34.jpg

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_005full.jpg

Due to the district-scale copper-silver prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:

Advanced Drill Core Analysis and Modelling: ongoing interpretation of seismic sections and analysis of historical drill holes are all being integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia ("IGUN") in Medellín (January 7, 2021 NR);

Geochemical and Mineralogical: geochemical and mineralogy research programs by the University of Science and Technology ("AGH") of Krakow, Poland. AGH bring their extensive knowledge of KGHM's world renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project;

Geophysical: Fathom Geophysics is interpreting seismic data, funded by the Company in collaboration with one of the world's leading copper producer;

Proprietary Field Exploration & Techniques: Max's in-country exploration teams continue to target new copper-silver stratabound mineralized zones;

CESAR North 80-kilomtre-long-copper-silver zone:
- In 2020, Max identified the AMS (previously named AM South) and AMN (previously named AM North) stratabound copper-silver zones, collectively spanning over 45-km², highlight values of 0.1 to 34.4% copper and 5.0 to 305.0 g/t silver over intervals ranging 0.1 to 25.0-metres;
- In March 2021, Max's CONEJO discovery, now spans 3.2-km by 1.6-km and open in all directions. CONEJO returned values greater than 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR):
  - 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre
  - 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre
  - 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre
  - 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre
  - 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre
  - 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre
  - 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre
  - 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre
  - 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre
  - 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre
- The 2021 URU discovery is located 30-km south of CONEJO, now expanded to 12-km² and open in all directions. URU appears to have major-scale potential; Thirteen rock samples over widths ranging from 10 to 25-metres returned values of 2.0% copper and above, thirty-seven returned values greater than 1.0% copper, with highlight values of 5.7 % copper and 37 g/t silver:
  - 4.3% copper and 8 g/t silver over widths of 10-metres
  - 3.9% copper and 7 g/t silver over widths of 10-metres
  - 3.6% copper and 12 g/t silver over widths of 10-metres
  - 3.0% copper and 6 g/t silver over widths of 10-metres
  - 3.0% copper and 37 g/t silver over widths of 10-metres
- Late April 2021, Max identified the SP target, which lies along the mid portion of the CESAR North 80-km belt in line with the four previous copper discoveries URU, CONEJO, AMN and AMS;
- Exploration continues on CONEJO and the URU zone;
- In addition, Max has initiated the process of mineral claim approvals and drill permitting;
CESAR West: Max has identified copper porphyry mineralization along a significant target zone.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is a copper and precious metals exploration company, engaged in advancing both newly discovered global scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold project (100% earn-in) in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both stratabound-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.

Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.

For more information visit: https://www.maxresource.com/
For more information visit: www.tsx.com/venture50
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube

For additional information contact:

Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100

*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes"

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92631

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