There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

So, the natural question for ValOre Metals (CVE:VO) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn.

Check out our latest analysis for ValOre Metals

When Might ValOre Metals Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In March 2021, ValOre Metals had CA$5.0m in cash, and was debt-free. Looking at the last year, the company burnt through CA$3.6m. Therefore, from March 2021 it had roughly 17 months of cash runway. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. You can see how its cash balance has changed over time in the image below.

How Is ValOre Metals' Cash Burn Changing Over Time?

Because ValOre Metals isn't currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. While it hardly paints a picture of imminent growth, the fact that it has reduced its cash burn by 34% over the last year suggests some degree of prudence. Admittedly, we're a bit cautious of ValOre Metals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can ValOre Metals Raise More Cash Easily?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for ValOre Metals to raise more cash in the future. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

ValOre Metals' cash burn of CA$3.6m is about 10% of its CA$35m market capitalisation. Given that situation, it's fair to say the company wouldn't have much trouble raising more cash for growth, but shareholders would be somewhat diluted.

How Risky Is ValOre Metals' Cash Burn Situation?

ValOre Metals appears to be in pretty good health when it comes to its cash burn situation. One the one hand we have its solid cash burn reduction, while on the other it can also boast very strong cash burn relative to its market cap. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. Taking a deeper dive, we've spotted 3 warning signs for ValOre Metals you should be aware of, and 1 of them is concerning.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)

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

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

BETHESDA, Md., June 16, 2021 /PRNewswire/ — Centrus Energy Corp. (NYSE American: LEU) (the "Company") announced the results of its 2021 annual meeting of stockholders held on June 16, 2021. As of April 19, 2021, the meeting's record date, there were 12,918,602 shares of the Company's Class A common stock outstanding, each entitled to one vote, and approximately 79.8 percent of those shares were represented at the annual meeting.

The Company's stockholders passed all five proposals, including electing the eight director nominees for a term of one year; approving the Section 382 Rights Agreement, as amended; approving the 2014 Equity Incentive Plan, as amended and restated; approving, on an advisory basis, the Company's 2020 executive compensation (i.e., "say on pay"); and ratifying the appointment of PricewaterhouseCoopers LLP as the Company's independent auditors for 2021.

Stockholders reelected W. Thomas Jagodinski, Tina W. Jonas, William J. Madia, Daniel B. Poneman, Neil S. Subin, and Mikel H. Williams to the Board of Directors, and newly elected Kirkland H. Donald and Bradley J. Sawatzke to the Board of Directors.

Kirkland H. Donald served as a nuclear trained submarine officer for 37 years, achieving the rank of Admiral. His last assignment in the Navy was a successful eight-year term as the Director, Naval Nuclear Propulsion Program. This is a dual agency program responsible to the United States Departments of Defense and Energy for the safe and effective operation of all nuclear-powered warships and supporting infrastructure. The program is recognized worldwide for excellence in reactor safety and reliability. Following retirement in 2013, he was the President and Chief Executive Officer of Systems Planning and Analysis, Inc., until 2015. His public board service includes Entergy Corporation (NYSE: ETR), where he serves on the Finance Committee and is Chairman of the Nuclear Committee. He supports the Audit Committee on matters pertaining to cybersecurity. He also serves as Chairman of the Board for Huntington Ingalls Industries, Inc. (NYSE: HII) and is a member of the Finance and Cybersecurity Committees. Additionally, Admiral Donald serves on the board of the non-profit, Battelle, and the privately held CyberCore Technologies. Admiral Donald advises the Australian government on matters pertaining to submarine programs. Admiral Donald graduated from the United States Naval Academy with a Bachelor of Science in Ocean Engineering.

Bradley J. Sawatzke was appointed Chief Executive Officer of Energy Northwest (EN) in April 2018. He previously served as Chief Operating Officer/Chief Nuclear Officer, beginning in December 2014, with responsibility for all EN generating units. He joined Energy Northwest as vice president of Nuclear Generation/Chief Nuclear Officer in December 2010. Mr. Sawatzke also serves on the Institute of Nuclear Power Operations board of directors and accrediting board, Association of Washington Business executive committee, Nuclear Energy Institute board of directors, and the Tri-City Development Council (serving the Pacific Northwest) executive committee. Mr. Sawatzke holds a Bachelor of Science and Applied Physics from Winona State University and is a graduate of the Harvard Advanced Management Program.

The Company also announced today that after obtaining the approval of stockholders at it 2021 annual meeting, it had entered into the fourth amendment to the Company's Section 382 Rights Agreement (the "Rights Plan") designed to preserve the Company's substantial tax assets associated with net operating loss carryforwards ("NOLs") under Section 382 of the Internal Revenue Code ("Section 382"). The fourth amendment extends the Rights Plan through June 30, 2023. The Rights Plan is similar to plans adopted by other public companies with significant NOLs.

Pursuant to U.S. federal income tax rules, the Company's use of certain tax assets could be substantially limited if the Company experiences an "ownership change" (as defined in Section 382). In general, an ownership change occurs if the ownership of the Company's stock by "5 percent stockholders" increases by more than 50 percent over the lowest percentage owned by such stockholders at any time during the prior three years on a rolling basis.

For additional details regarding the amendment to the Rights Plan, please see the Company's forthcoming Current Report on Form 8-K and amendment to Registration Statement on Form 8-A to be filed with the Securities and Exchange Commission.

About Centrus Energy

Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.

###

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. In this context, forward-looking statements mean statements related to future events, may address our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Centrus Energy Corp., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by the novel coronavirus (COVID-19) pandemic and any worsening of the global business and economic environment as a result: risks related to natural and other disasters, including the continued impact of the March 2011 earthquake and tsunami in Japan on the nuclear industry and on our business, results of operations and prospects; risks related to financial difficulties experienced by customers, including possible bankruptcies, insolvencies or any other inability to pay for our products or services or delays in making timely payment; risks related to pandemics and other health crises, such as the global COVID-19 pandemic; the impact and potential extended duration of the current supply/demand imbalance in the market for low-enriched uranium ("LEU"); risks related to our ability to sell the LEU we procure pursuant to our purchase obligations under our supply agreements; risks related to the imposition of sanctions, restrictions or other requirements, including those imposed under the 1992 Russian Suspension Agreement ("RSA"), as amended, international trade legislation and other international trade restrictions; risks related to existing or new trade barriers and contract terms that limit our ability to deliver LEU to customers; pricing trends and demand in the uranium and enrichment markets and their impact on our profitability; movement and timing of customer orders; our dependence on others for deliveries of LEU including deliveries from the Russian government-owned entity TENEX, Joint-Stock Company ("TENEX"), under a commercial supply agreement with TENEX and deliveries under a long-term supply agreement with Orano Cycle ("Orano"); risks associated with our reliance on third-party suppliers to provide essential products and services to us; the fact that we face significant competition from major producers who may be less cost sensitive or are wholly or partially government owned; limitations on our ability to compete in foreign markets; our revenue is largely dependent on our largest customers; risks related to our sales order book, including uncertainty concerning customer actions under current contracts and in future contracting due to market conditions and our lack of current production capability; risks related to whether or when government funding or demand for high-assay low-enriched uranium ("HALEU") for government or commercial uses will materialize; risks and uncertainties regarding funding for continuation and deployment of the American Centrifuge technology and our ability to perform and absorb costs under our agreement with DOE to demonstrate the capability to produce HALEU and our ability to obtain and/or perform under other agreements; uncertainty regarding our ability to commercially deploy competitive enrichment technology; the potential for further demobilization or termination of our American Centrifuge work; risks that we will not be able to timely complete the work that we are obligated to perform; risks related to our ability to perform fixed-price and cost-share contracts, including the risk that costs could be higher than expected; risks related to our significant long-term liabilities, including material unfunded defined benefit pension plan obligations and postretirement health and life benefit obligations; risks relating to our 8.25% notes (the "8.25% Notes") maturing in February 2027 and our Series B Senior Preferred Stock; the risks of revenue and operating results fluctuating significantly from quarter to quarter, and in some cases, year to year; the impact of financial market conditions on our business, liquidity, prospects, pension assets and insurance facilities; risks related to the Company's capital concentration; risks related to the value of our intangible assets related to the sales order book and customer relationships; risks related to the limited trading markets in our securities; risks related to decisions made by our Class B stockholders and our Series B Senior Preferred stockholders regarding their investment in the Company based upon factors that are unrelated to the Company's performance; risks that a small number of Class A stockholders, whose interests may not be aligned with other Class A stockholders, may exert significant influence over the direction of the Company; risks related to the use of our net operating loss ("NOLs") carryforwards and net unrealized built-in losses ("NUBILs") to offset future taxable income and the use of the Rights Agreement (as defined herein) to prevent an "ownership change" as defined in Section 382 of the Internal Revenue Code of 1986, as amended (the "Code") and our ability to generate taxable income to utilize all or a portion of the NOLs and NUBILs prior to the expiration thereof; failures or security breaches of our information technology systems; our ability to attract and retain key personnel; the potential for the U.S. Department of Energy ("DOE") to seek to terminate or exercise its remedies under its agreements with the Company; risks related to actions, including government reviews, that may be taken by the United States government, the Russian government or other governments that could affect our ability to perform under our contract obligations or the ability of our sources of supply to perform under their contract obligations to us; risks related to our ability to perform and receive timely payment under agreements with DOE or other government agencies, including risks and uncertainties related to the ongoing funding by the government and potential audits; any changes or termination of agreements with the U.S. government; the competitive environment for our products and services; changes in the nuclear energy industry; the competitive bidding process associated with obtaining contracts, including government contracts; risks that we will be unable to obtain new business opportunities or achieve market acceptance of our products and services or that products or services provided by others will render our products or services obsolete or noncompetitive; potential strategic transactions that could be difficult to implement, disrupt our business or change our business profile significantly; the outcome of legal proceedings and other contingencies (including lawsuits and government investigations or audits); the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; risks of accidents during the transportation, handling or processing of hazardous or radioactive material that may pose a health risk to humans or animals, cause property or environmental damage, or result in precautionary evacuations; risks associated with claims and litigation arising from past activities at sites that we no longer operate, including the Paducah, Kentucky, and Portsmouth, Ohio, gaseous diffusion plants; and other risks and uncertainties discussed in this and our other filings with the Securities and Exchange Commission, including under Part I, Item1A – "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 and our quarterly reports on Form 10-Q.

These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this report and in our other filings with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this News Release, except as required by law.

Contacts:

Investors: Dan Leistikow (301) 564-3399 or LeistikowD@centrusenergy.com
Media: Lindsey Geisler (301) 564-3392 or GeislerLR@centrusenergy.com

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SOURCE Centrus Energy Corp.

VANCOUVER, British Columbia, June 16, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) is pleased to announce that it is expanding its current diamond drilling program at its flagship 35,705 hectare Moore Uranium Project, located approximately 15 kilometres east of Denison Mine's Wheeler River project and near regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. The current drilling program at Moore is progressing well and has provided significant encouragement to expand the current 3,500 metres drilling program to a total of 5,000 metres in 12 to 14 holes. This fully funded and permitted program will focus on following-up on existing unconformity and basement-hosted targets along the high grade Maverick structural corridor as well as newly defined targets at the Grid Nineteen area.

Moore Uranium Project Claims Map:
https://skyharbourltd.com/_resources/maps/MooreLakeRegionalTenure-v1.jpg

Winter/Spring 2021 Geophysical and Diamond Drilling Programs at Moore Project:

Skyharbour recently completed a 9 line-km SML-EM survey at a previously untested area called Grid Nineteen located between the Raratonga and East Venice conductors. The focus of this work has been to better define the historic airborne EM conductors in this area and develop drill targets on these conductor systems.

Moore Uranium Project Regional Drill Targets Map:
http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg

Skyharbour is now conducting a 5,000 metre diamond drilling program, consisting of 12-14 holes. The drilling will focus on both unconformity and basement-hosted targets along the Maverick structural corridor and new targets identified in the Grid Nineteen area. The Company specifically plans to expand the high grade mineralization discovered recently at the Maverick East Zone, along strike, down-plunge and at depth with a focus on both unconformity- and basement-hosted mineralization. Other targets along the 4.7 km long Maverick structural corridor will also be investigated, including the Esker Target, again with a focus on both unconformity- and basement-hosted mineralization.

Maverick East Target:

The high grade Maverick East Zone has been identified over a minimum of 170 metres strike length. It is currently a minimum of 10 metres wide, open down dip and is up to 17.9 metres thick with grades of up to 9.12% U₃O₈ (with a minimum grade of 0.1% U₃O₈). The mineralization is accompanied by intense clay alteration and geochemical enrichment of pathfinder elements such as B, Ni and Cu, with the localized high grade uranium mineralization extending from the unconformity into the basement rocks. The mineralized zone appears to plunge moderately to the northeast, with minimal drill testing at depth along plunge. In the eastern extent of the Maverick East Zone, copper values of up to 2.3% Cu along with up to 0.076% U₃O₈ were obtained from graphitic, clay-rich fractures within a broader zone of uranium-enriched and clay-altered granitic pegmatite and granite nearly 100 metres below the unconformity. This may be an important vector for additional basement-hosted mineralization. Some of the most significant drill hole intersections in the Maverick East Zone include ML-202, which returned 1.79% U₃O₈ over 11.5 metres, including 4.17% U₃O₈ over 4.5 metres and 9.12% U₃O₈ over 1.4 metres, as well as recently announced hole ML20-09, which returned 0.72% U₃O₈ over 17.5 metres from 271.5 metres to 289.0 metres, including 1.00% U₃O₈ over a 10.0 metre interval in the basement portion of the interval (279.0 metres to 289.0 metres). The focus for drilling in this area will be on the down-dip, along strike and down-plunge extensions of the Maverick East target.

Moore Uranium Project Main and East Maverick Zones Drilling Map:
https://www.skyharbourltd.com/_resources/maps/Fall-2020-Maverick-East-detail.pdf

Maverick Structural Corridor – Northeast Extension and Esker Targets:

Drilling to the northeast of the Main Maverick and Maverick East mineralized zones will take place along the remaining 2.2 km of the Maverick Structural Corridor that has not been systemically drill tested. A large portion of this trend has been tested by a series of broadly spaced drill holes and fences with significant untested gaps. Virtually all the holes exhibited extensive sandstone and basement alteration and geochemical enrichment similar to that within the Main Maverick and Maverick East Zones. As well, narrow intercepts of uranium mineralization have been found in numerous locations along this portion of the Maverick corridor. Many of these mineralized intercepts occur at the unconformity, but in a few key areas significant strongly altered basement structures within prospective graphitic and metasedimentary units are the host for this mineralization, with only limited drilling of the basement rocks at depth.

The Esker Target lies at the northeastern limits of the Maverick Structural Corridor. Of note from historical drilling in this area is the anomalous uranium in drill hole MT-04, which returned up to 170 ppm U in the basal 3.0 metres of sandstone and up to 343 ppm U in the top 5.5 metres of the basement rock. The uranium is accompanied by anomalous amounts of pathfinder elements including Ni, Co, Cu, Pb, and Zn. Follow-up of the anomalous uranium mineralization has been limited with the next closest hole MT-10 (also with anomalous U in the sandstone) located 120 metres to the south. Further south in the Esker area, weak uranium mineralization was also intersected in historical holes ML-165 (1.0 metre of 0.307% U₃O₈ from 291.85 metres to 292.85 metres), ML-169 (1.5 metres of 0.070% U₃O₈ at 287.25 metres to 288.75 metres), and ML-171 (0.5 metres of 0.160% U₃O₈ from 296.2 to 296.7 metres). Drilling will follow-up on the anomalous uranium encountered in historical holes MT-04 and MT-10 and along trend which has only had very limited investigation to date.

Grid Nineteen Geophysical Program:

A review of historical airborne EM identified several conductive features in an area located between the East Venice and Raratonga conductor systems that warranted follow-up groundwork. The airborne conductors lie in a structurally complex area that bridges a break in the east trending East Venice conductive system and the north trending Raratonga conductors. A total of 9 line km of survey was completed utilizing 200 metre loops in a moving array. The program was designed and has been interpreted by Bingham Geoscience of Saskatoon and was completed by Patterson Mining Geophysics of La Ronge.

The preliminary results from the ground geophysical survey further refined the historical airborne conductors in the Grid Nineteen area and confirmed the extension of the Raratonga conductive system to the south. The survey further defined the abrupt change in the strike of the conductive systems at the southern end of the Grid Nineteen area, from an almost north-south orientation of the Raratonga conductors to the east-west orientation of the East Venice conductors. Weak basement-hosted mineralization was intersected in hole ML17-04 (1.0 m of 0.094% U₃O₈ at 235.0 metres depth) just to the west of this strike change, along with strong structural disruption and local pathfinder element enrichment in the sandstone of both ML17-04 and follow-up hole ML18-01. The intersection of these conductive systems forms one of several newly developed targets in the Grid Nineteen area.

Winter 2021 Geophysical Program at Moore:
https://www.skyharbourltd.com/_resources/maps/Moore2021-Geophysics.jpg

The Grid Nineteen area has only seen limited historical drill testing consisting of two holes, one of which ended in sandstone and failed to test the main conductor target, thus there remains significant discovery potential in this area. Several drill targets have been developed based on the preliminary results of the ground geophysical survey, with plans to drill the most accessible targets during this drill program.

Moore Uranium Project Overview:

In June 2016, Skyharbour secured an option to acquire Denison Mine's Moore Uranium Project on the southeastern side of the Athabasca Basin, in northern Saskatchewan. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approximately 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity style uranium mineralization was discovered on the Moore Project at the Maverick Zone in May 2000. Historical drill results include 4.03% eU₃O₈ over 10.0 metres including 20% eU₃O₈ over 1.4 metres. In 2017, Skyharbour announced drill results of 6.0% U₃O₈ over 5.9 metres including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265.0 metres at the Maverick Zone. In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is easily accessible by air and in winter via ice roads which simplifies logistics and lowers costs.

Moore Lake Uranium Project Geophysics Map:
http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head Technical Advisor and a Director, as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects covering over 240,000 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U₃O₈ over 5.9 metres including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265 metres. The Company has plans for upcoming drill programs at the project.

Skyharbour has a joint-venture with industry-leader Orano Canada Inc. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project. Skyharbour also has a joint-venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.

The Company also owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin, which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U₃O₈ at 0.03% and 5.3 million pounds of ThO₂ at 0.023%. Skyharbour has signed a Definitive Agreement with ASX-listed Valor Resources on the Hooke Lake (previously North Falcon Point) Uranium Project whereby Valor can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance.

Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/maps/SYH-Athabasca-Map.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

“Jordan Trimble”
__________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Spencer Coulter
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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.

A group of uranium mining companies saw their stock prices plunge after a performance issue was flagged at a Chinese nuclear power plant. The reaction seems overdone.

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

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

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

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

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

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

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

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

For more information, please contact:

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

• Activist nominees have refused to provide clarity as to whether they will act in the best interest Fancamp and its shareholders, and do what is required to hold Mr. Smith accountable for the over $60 million he wasted for over 30 years.

• Open letter with simple questions provides Messrs. James Hunter, Louis Doyle, Mark Fekete, Mathieu Stephens and Greg Ferron opportunity to be transparent with YOU, all Fancamp shareholders, before you vote.

• Strongly recommends shareholders vote only the GOLD proxy FOR all six of Fancamp’s exceptionally qualified and governance-focused director nominees by 1:00 p.m. ET on Friday, June 25, 2021.

• Shareholders with questions on voting should contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com. Shareholders can get the latest information at fancamp.ca/thefutureisbright.

VANCOUVER, British Columbia, Jun 15, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange:FNC) today released the following open letter to Mr. Peter H. Smith’s director nominees (the "Smith Nominees").

AN OPEN LETTER TO THE SMITH ACTIVIST NOMINEES

To Messrs. James Hunter, Louis Doyle, Mark Fekete, Mathieu Stephens and Greg Ferron:

Before shareholders cast their vote at the upcoming annual general meeting on Tuesday, June 25, 2021, Fancamp believes it is critical for shareholders to know where you stand. We had previously written to your lawyers asking for you to provide clarity on these and other matters, but were rebuffed.

Each of you has an obligation to let shareholders know where you stand. As you are all well aware of your fiduciary duties and accountability to Fancamp and all of its shareholders, we can only assume that the decision to avoid providing any substantive responses was at the recommendation of your lawyer or Mr. Smith. However, now is not the time to avoid accountability. It is time to tell shareholders what you will do to enhance accountability.

We assume you, like us, recognize the double-standard in saying you cannot comment on these matters until elected, while at the same time already committing to cancel the ScoZinc transaction before you are elected. There is so much you do not know and yet you are already prepared to make an uninformed decision on the transaction. This should not give Fancamp shareholders any confidence in your ability to act as fiduciaries of the Corporation.

We assume you have been as surprised as shareholders to learn about Mr. Smith’s 30 years of misconduct and financial mismanagement we have uncovered over the last few weeks, and would not have agreed to join his slate given the negative impact Mr. Smith’s actions will have on your reputations.

As you know, under corporate law, a director has a duty to act honestly and in good faith, with a view to the best interests of the Corporation. With that in mind, and on behalf of shareholders, Fancamp would like each of the Smith Nominees to answer the following six questions:

1. Do you think it is appropriate that a shareholder who invested $100 when Mr. Smith first started is now left with only $40 – less than half? With 30 years of wasted money and missed opportunities, why should shareholders believe Mr. Smith’s next 90-day agenda will be any different?
For over 30 years, Mr. Smith was at the helm of Fancamp, holding positions such as a Chairman, Director and CEO. During that time, his cumulative total shareholder return was –59.4% and no discoveries were ever made. Mr. Smith took numerous actions that were detrimental to Fancamp and hidden from the Board, resulting in significant losses that are his sole responsibility.

2. Given Mr. Smith’s poor track record, why do you believe Mr. Smith should not be removed from the Corporation?
The current Board held Mr. Smith accountable for his value-destroying actions and asked him to step down as president and CEO in August 2020; then, in April 2021, the Board terminated his consulting agreement for cause due to his numerous and ongoing misconduct. Knowing what you now know, how is it in the best interest of the Corporation to reinstate Mr. Smith?

3. Do you believe that a Director and executive personally storing and withholding company information from the Corporation is appropriate? As fiduciaries, would you issue a public statement asking Mr. Smith to hand over all materials? Have you asked Smith if he is hiding anything?
Materials such as technical and financial information on Fancamp’s mining properties, banking information, and contractual obligations and agreements are all critical for the Corporation to move forward and to provide transparency to shareholders. Instead, Mr. Smith has forced Fancamp to file a costly and time-consuming application for a court order to obtain its own documents. Fancamp strongly believes Mr. Smith is refusing to provide this information to avoid accountability. What is he hiding? Have you asked him this question?

4. Are you aware that Mr. Smith has failed to comply with applicable securities and corporate laws, including releasing confidential non-public materials? Have you asked Mr. Smith on behalf of the shareholders you seek to represent for assurance that he will not do it again? Mr. Smith does not appear to believe that he should be bound by his duty of confidentiality or contractual obligations – were you aware of this, and now that you are, are you OK with this?
On December 22, 2020, Mr. Smith blatantly and recklessly disclosed confidential information of the Corporation by issuing a public statement regarding the details of a Board meeting as well as a private placement that had been approved by the Board, but not yet announced. Mr. Smith’s unlawful disclosure may have jeopardized the integrity of the capital markets and affected the market price or trading of Fancamp’s securities. On April 7, 2021, Mr. Smith once again breached his fiduciary duty by disclosing a distorted version of confidential information regarding the Ernst & Young LLP ("Ernst & Young") fairness opinion ("Opinion") on the ScoZinc transaction. The agreement between Ernst & Young and Fancamp specifically stated that the Opinion may not be disclosed in public filings. Mr. Smith clearly did not feel bound by his duty of confidentiality or his contractual obligations. Were you aware of this when you agreed to serve on Mr. Smith’s slate, and now that you are, are you OK with this?

5. Will you support Mr. Smith when he asks shareholders to repay and reimburse him personally for his costly and time-consuming proxy fight that he launched to take back control of the Corporation he considers to be his personal property, and ask him to commit in writing not to do so, as well as confirm you will not seek to reinstate the consulting agreement Mr. Smith was terminated from with cause?
Mr. Smith has used the ScoZinc transaction as his excuse for launching a proxy fight – a very expensive way to try to get his job back for which he was terminated FOR CAUSE. The truth is Mr. Smith launched this costly and unnecessary proxy fight in October 2020 – months before the ScoZinc transaction was announced.

6. Given what you know now about Mr. Smith’s checkered past and the $60 million in wasted money and failed discoveries, would you have agreed to personally align yourself with him?
For over 30 years, Mr. Smith was at the helm of Fancamp. In that time, Mr. Smith treated the Corporation as his personal property and bank account, made no discoveries, operated in secret, defied the Board, and destroyed shareholder value. Since his departure in August 2020, Mr. Smith has breached his fiduciary duty and hid critical information to stop the Corporation from moving forward. Do you really want to link your professional reputations to this man?

The shareholders we have spoken to are shocked that each of you would risk your professional reputations to work with someone who is under a formal forensic investigation and is currently being sued for over $3 million in damages. As we have stated before, the investigation is ongoing, and we have strong reason to believe there is much more to come on Mr. Smith.

On behalf of all of Fancamp’s shareholders, we look forward to hearing from you as soon as possible.

Sincerely,
Fancamp Exploration Ltd.

See Fancamp’s Plan in Action
In contrast to Mr. Smith’s history of value destruction and wasted money, Fancamp has an action-oriented, three-pronged growth strategy to enhance shareholder value and increase returns. Watch here: fancamp.ca/thefutureisbright.

VOTE YOUR GOLD PROXY TODAY – Deadline: Friday, June 25, 2021 at 1:00 p.m. ET
Voting is fast and easy – please vote well in advance of the deadline. If you have any questions or need help voting, contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

Advisors
Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V:FNC)
Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements
This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, information and statements relating to the Corporation’s annual general meeting, and objectives, goals or future plans. 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. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210615006148/en/

Contacts

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
416-867-2357
Cell: 416-899-6463
hkim@kingsdaleadvisors.com

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

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

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

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

The key terms of the Agreement are outlined below:

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

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

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

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

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

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

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

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

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

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

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

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

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

About Denison

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

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

Follow Denison on Twitter @DenisonMinesCo

Cautionary Statement Regarding Forward-Looking Statements

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

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

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

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

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

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

SOURCE Denison Mines Corp.

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

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

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

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

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

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

MILLENNIAL LITHIUM CORP.

"Farhad Abasov"

President, CEO and Director

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

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

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

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

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

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

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

Silvertip – Plan View (Photo: Business Wire)

Key Highlights^2,3

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

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

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

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

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

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

Daisy

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

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

Secret Pass

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

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

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

SNA

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

C-Horst

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

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

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

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

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

Silvertip^2,3

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

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

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

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

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

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

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

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

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

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

Crown Block^2,3

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

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

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

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

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

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

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

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

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

About Coeur

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

Cautionary Statements

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

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

Notes

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

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

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

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

Conversion Table

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

Contacts

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

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

Drill Highlights:

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

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

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

Key Points:

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

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

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

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

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

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

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

The Tango Discovery:

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

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

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

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

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

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

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

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

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

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

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

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

2021 Green Springs drill hole results from this news release:

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

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

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

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

About the Green Springs Project:

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

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

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

About Contact Gold Corp.

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

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

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

Cautionary Note Regarding Forward-Looking Information

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

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

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

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

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

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

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

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

Image Source: Zacks Investment Research

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

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

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

The Mosaic Company Price and Consensus

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

Zacks Rank & Key Picks

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About Mountain Boy Minerals

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

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

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

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

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

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

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

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

On behalf of the Board of Directors:

Lawrence Roulston
President & CEO

For further information, contact:

Nancy Curry
VP Corporate Development
(604) 220-2971

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

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

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

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

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

Factors Likely to Drive the Silver Rally

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

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

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

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

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

Image Source: Zacks Investment Research

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

4 Silver Stocks to Watch

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

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

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

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

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

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

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

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

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

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

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

 

Image Source: Zacks Investment Research

Zacks Names “Single Best Pick to Double”

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

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

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

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Fresnillo PLC (FNLPF) : Free Stock Analysis Report

Hecla Mining Company (HL) : Free Stock Analysis Report

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

Alexco Resource Corp (AXU) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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

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

Image Source: Zacks Investment Research

What’s Favoring CBT?

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

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

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

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

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

Cabot Corporation Price and Consensus

Cabot Corporation price-consensus-chart | Cabot Corporation Quote

Stocks to Consider

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

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

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

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

Zacks Names “Single Best Pick to Double”

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

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

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

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

Nucor Corporation (NUE) : Free Stock Analysis Report

Cabot Corporation (CBT) : Free Stock Analysis Report

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

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

To read this article on Zacks.com click here.

Zacks Investment Research

For Immediate Release

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

Here are highlights from Monday’s Analyst Blog:

Hot US Inflation a Boon for These 5 Stocks

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Zacks' has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

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Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                      

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

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

KELOWNA, BC / ACCESSWIRE / June 15, 2021 / Diamcor Mining Inc. (TSX-V:DMI)(OTCQB:DMIFF), ("Diamcor" or, the "Company") today announced its results from the ongoing tender and sales of rough diamonds to date in the Company's first quarter ending June 30, 2021. The rough diamonds recovered from the processing of quarry material underway at the Company's Krone Endora at Venetia Project (the "Project") continued to achieve strong dollar per carat averages throughout the quarter, and continued to deliver larger gem quality rough diamonds in the special category (+10.8 carats).

Despite ongoing COVID-19 restrictions limiting processing capacity in the quarter, the Company sold a total of 4,468.04 carats, generating gross revenues of USD $1,208,106, resulting in a combined average price of USD $270.39 per carat. Approximately 1,500 additional carats, including several rough diamonds in the +10.8 specials category, have been delivered as of the date of this release. These, along with the rough diamonds recovered to the end of June 2021, will be recorded as stock on hand at the end of the period and offered in the Company's upcoming Q2 tender and sales.

Highlights:

1. 2,122.76 carats of rough diamonds were tendered and sold in an initial offering, generating gross revenues of USD $591,733, for a combined average price of USD $278.78 per carat.

2. 599.72 carats of rough diamonds were tendered and sold in a second offering, generating gross revenues of USD $183,808, for a combined average price of USD $306.49 per carat.

3. 1,745.56 carats of rough diamonds tendered and sold in a third offering, generating gross revenues of USD $432,566, for a combined average price of USD $247.81 per carat.

"These results continue to demonstrate our ability to achieve strong dollar per carat averages and to generate significant gross revenues, while currently processing material at lower volumes due to the global Pandemic", stated Mr. Dean Taylor, Diamcor CEO. "With industry experts widely reporting on the current and potential long-term shortage of rough diamonds, we are very well positioned to take advantage of this trend through our planned increase in processing volumes."

About Diamcor Mining Inc.
Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.

About the Tiffany & Co. Alliance
The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. Tiffany & Co. is a publicly traded company which is listed on the New York Stock Exchange under the symbol TIF. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.

About Krone-Endora at Venetia
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project's total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade "Alluvial" basal deposit which is covered by a lower-grade upper "Eluvial" deposit. The deposits are proposed to be the result of the direct-shift (in respect to the "Eluvial" deposit) and erosion (in respect to the "Alluvial" deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.

Qualified Person Statement:
Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor's exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta ("APEGA"). Mr. Hawkins has reviewed this press release and approved of its contents.

On behalf of the Board of Directors
Mr. Dean H. Taylor
President & CEO

Diamcor Mining Inc.
www.diamcormining.com

For further information contact:

Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 757-7179

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

WE SEEK SAFE HARBOUR

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

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/651710/Diamcor-Increases-Revenues-to-USD-12M-in-First-Quarter-of-New-Fiscal-Year

ENDEAVOUR ANNOUNCES CONTINUATION OF SHARE REPURCHASE PROGRAMME UNDER NEW PARENT COMPANY

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

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

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

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

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

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING PLC

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

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

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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

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

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

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

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

Attachment

• 210615 – NR – LSE Buyback

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

Why Does Debt Bring Risk?

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

View our latest analysis for Lundin Mining

How Much Debt Does Lundin Mining Carry?

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

How Healthy Is Lundin Mining's Balance Sheet?

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

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

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

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

Summing up

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

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

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

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

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

Summary of Significant Developments:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

On behalf of the Board of Candente Copper Corp.

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

info@candentecopper.com
www.candentecopper.com

NR-132

(Adds Centrus comment)

WASHINGTON, June 14 (Reuters) – The U.S. nuclear power regulator has approved production of uranium fuel that is far more enriched than fuel for conventional nuclear power plants, the company aiming to make the material said on Monday.

The fuel is known as high-assay, low-enriched uranium, or HALEU. Nonproliferation experts are concerned about the fuel as it is easier to convert into fissile material, the key component of nuclear weapons, than conventional reactor fuel.

Centrus Energy Corp said the Nuclear Regulatory Commission, or NRC, approved the company's request to produce HALEU at a Piketon, Ohio, plant, and it expects to be demonstrating production of the fuel early in 2022.

"This approval is a major milestone in our contract with the Department of Energy," said Daniel Poneman, Centrus' president and chief executive.

Under a 2019 contract with the Energy Department, Centrus is constructing AC100M centrifuges to demonstrate HALEU production. The $115 million, cost-shared contract runs through mid-2022.

Centrus said HALEU offers advantages for both existing and next-generation reactors, including "greater power density, improved reactor performance, fewer refueling outages, improved proliferation resistance, and smaller volumes of waste."

The fuel will be allowed to be enriched to 5% to 20% uranium-235. That is less than the enrichment level of about 90% used in a nuclear weapon, but is far higher than fuel used in conventional nuclear reactors, which is about 3% to 5% enriched.

Nonproliferation experts voiced concern about the signal the approval sends to other countries, especially because Washington is trying to stop Iran from enriching 20% uranium.

"I am concerned about the potential development of advanced reactors and fuel cycles that will require large quantities of HALEU without a full evaluation of the consequences for proliferation and nuclear terrorism," said Edwin Lyman, director of nuclear power safety at the Union of Concerned Scientists.

A Centrus spokesperson said the United States "has always required adherence to the highest standards for safety, security and nonproliferation for any nation that buys our fuel, which is why it is so important that America does not cede this market to others."

NRC spokesperson David McIntyre said the agency had no comment. (Reporting by Timothy Gardner; Editing by Lisa Shumaker and Leslie Adler)

VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) — Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), advises that Mr. Don Lay, Director, VP Corporate Development and Former CEO of the Company, passed away unexpectedly this weekend. Mr. Lay was a strong voice in the industry and CEO of Medallion from 2014 until May 2020.

Rod McKeen, Chairman of the Board, said, “It is with tremendous sadness that we share the passing of our colleague and friend Don Lay. Don was the strength and drive behind Medallion for many years, and laid the groundwork for the Company. He will be greatly missed.”

The Board of Medallion would like to extend their sincerest condolences to Don’s family at this difficult time.

For more information please contact CEO Mark Saxon at msaxon@medallionresources.com.

About Medallion Resources

Medallion Resources has developed a proprietary process and related business model to achieve low-cost, near-term, rare-earth element (REE) production by exploiting monazite. Monazite is a rare-earth phosphate mineral that is widely available as a by-product from mineral sand mining operations. Furthermore, Medallion has recently licensed an innovative REE separation technology from Purdue University which can be utilized by Medallion and sub-licensed by Medallion to third party REE producers.

More about Medallion (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) can be found at medallionresources.com.

Contact(s):

Mark Saxon, President & CEO
+1.604.681.9558 or info@medallionresources.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.

TAMPA, FL / ACCESSWIRE / June 14, 2021 / The Mosaic Company (NYSE:MOS) announced its May 2021 sales revenue and volumes by business unit.

⁽¹⁾The revenue and tonnes presented are sales as recognized in the month and do not reflect current market conditions due to the delays between pricing and revenue recognition.
⁽²⁾Tonnes = finished product tonnes

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

The Mosaic Company Contacts

Media:

Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com

Investors:

Laura Gagnon, 813-775-4214 or
Paul Massoud, 813-775-4260
investor@mosaicco.com

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/651617/The-Mosaic-Company-Mosaic-Announces-May-2021-Sales-Revenue-and-Volumes

SASKATOON, Saskatchewan, June 14, 2021 (GLOBE NEWSWIRE) —

Highlights:

• James Dobchuk appointed as the President and Chief Commercial Officer of Global Laser Enrichment LLC (GLE)

• Formerly Executive Director at Cameco Inc. engaged in key US-based strategy, corporate development, project management, government and industry relations activities, very well positioned to support GLE in its next phase of commercialization

• Current Chair of the Nuclear Energy Institute’s Nuclear Fuel Suppliers Committee, a Secretary of the Board of the Uranium Producers of America, and a member of the Executive Committee of Radiant Energy Fund, LLC

Silex Systems Limited (Silex) (ASX: SLX; OTCQX: SILXY) and Cameco Corporation (Cameco) (TSX: CCO; NYSE: CCJ) are pleased to announce the appointment of James Dobchuk as President and Chief Commercial Officer of GLE, effective June 15, 2021.

James has over 20 years of experience in global uranium marketing and sales, including seven years as President of Cameco’s US subsidiary, Cameco Inc., leading the company’s international sales and marketing efforts. Most recently, James served as an Executive Director responsible for supporting Cameco’s US-focused commercial interests and directing its government affairs activities in Washington, DC. With his background and extensive experience in the global nuclear fuel markets, he is well placed to lead the all-important customer-facing element of GLE’s prospective commercialization phase.

“Following the successful completion of the GLE restructure in January 2021, Silex and Cameco have focused on recruiting an executive team to lead GLE through its commercialization phase,” said Craig Roy, Silex Chair and Chair of the GLE Governing Board. “We are delighted to have made the first of these appointments, with James Dobchuk being selected as GLE’s President and Chief Commercial Officer.

“James will lead GLE’s commercial and business development activities and will represent GLE with key government and industry stakeholders. This includes driving GLE’s commercial opportunities, including the Paducah project, and potentially positioning GLE as a provider of high-assay low-enriched uranium (HALEU) for the emerging advanced reactor and small modular reactor markets,” Mr. Roy said.

“We are very pleased to have someone with James’ vast experience and expertise in the nuclear energy industry step into this important role,” said Cameco President and CEO Tim Gitzel. “He will bring a strong commercial focus to GLE supported by his lengthy history in sales and marketing, business development, international commerce and government relations across this sector.

“GLE is the exclusive licensee of next-generation SILEX laser uranium enrichment technology that we believe has a bright future,” Mr. Gitzel said. “The ambitious climate commitments being made by countries and companies around the world confirms that zero-carbon nuclear energy is on an upward trajectory. Should this technology successfully proceed through development and into commercialization, we feel we have the right person in place to help it establish a strong foundation within that growing market.”

“I’m excited to be stepping into this role with GLE, a company leading the development of an extraordinary technology that I feel is just beginning to scratch the surface of its tremendous potential,” said James Dobchuk, GLE’s President and Chief Commercial Officer. “I’m proud to be part of such an innovative, world-class team that is committed to moving this company forward, and I’m very keen to get to work.”

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.

Silex Profile

Silex is a research and development company whose primary asset is the SILEX laser enrichment technology, which has been under development for uranium enrichment jointly with its US-based exclusive licensee, GLE, for a number of years. Development operations continue in Sydney, Australia and Wilmington, North Carolina at GLE’s Test Loop facility. Silex is also developing its laser enrichment technology to produce enriched Silicon, a key enabling material for silicon quantum computers. Silex is headquartered in Sydney, Australia.

Further information on the company’s activities can be found on the Silex website: www.silex.au.

Cameco 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.

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 US securities laws (which we refer to as forward-looking information), including: the appointment of Mr. Dobchuk becoming effective on June 15, 2021; our expectations that Mr. Dobchuk is well placed to lead the customer-facing element of GLE’s commercialization phase, the role that he will play, and the focus that he will bring to that role; the possibility of GLE becoming a provider of high-assay low-enriched uranium (HALEU) for the emerging advanced reactor and small modular reactor markets; the expectation that GLE will successfully complete the development of the SILEX technology; our beliefs regarding the future prospects for next-generation laser enrichment technology and the ability of the technology licensed by GLE to establish a strong market foundation; and the expectations regarding the Paducah project and GLE’s ability to commercialize the SILEX technology.

This forward-looking information is based on a number of assumptions, including assumptions regarding: Mr. Dobchuk’s ability to achieve the objectives of his role; the ability of GLE to complete the development and commercialization of the SILEX technology; the extent of future market demand for the SILEX technology, and its ability to compete against any similar or alternative technology which may be developed; GLE’s ability to become a provider of HALEU for the intended markets; and GLE’s ability to purchase depleted uranium from the DOE’s stockpiles in Paducah, Kentucky and to construct the proposed laser enrichment facility using the SILEX technology. This information is subject to a number of risks, including: the risk that Mr. Dobchuk will face unexpected impediments in executing his responsibilities; the risk that GLE may not be able to complete the development of the SILEX technology successfully or, once developed, may not be able to commercialize it effectively; the risk of a decrease in future market demand for the SILEX technology; the risk that other similar or alternative technologies may be developed, and may achieve success in competing with the SILEX technology; the risk that GLE may not be able to become a provider of HALEU for the intended markets; and the risk that GLE may not be able continue to have access to the DOE’s depleted uranium stores in Paducah, Kentucky or that the proposed laser enrichment facility may not be successfully completed. 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.

• Shareholders cannot afford more of Mr. Smith; losses TO ALL FANCAMP SHAREHOLDERS will rise again if Mr. Smith and his handpicked nominees are elected to the Board and they use Fancamp’s money to repay themselves for the costly proxy fight started by Mr. Smith.

• In contrast to this history of value destruction and wasted money, Fancamp has released a new video outlining its action-oriented, three-pronged growth strategy to create shareholder value and returns. Watch here: fancamp.ca./thefutureisbright

• Strongly recommends shareholders vote only the GOLD proxy FOR all six of Fancamp’s exceptionally qualified and governance-focused director nominees by 1:00 p.m. ET on Friday, June 25, 2021.

• Shareholders with questions on voting should contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com. Shareholders can get the latest information at fancamp.ca./thefutureisbright.

VANCOUVER, British Columbia, Jun 14, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) today announced that as part of its ongoing investigation into the conduct of Mr. Peter H. Smith, preliminary estimates indicate Fancamp and its shareholders have lost over $60 million to date, due to Mr. Smith’s financial mismanagement and numerous other misconduct.

While Mr. Smith continues to stonewall and refuses to produce important information in his possession that belongs to the Corporation, Fancamp believes that as shareholders consider their vote for the Corporation’s Annual General Meeting ("AGM") it is important they have a clear and transparent view of Mr. Smith’s conduct and the negative impact of his actions on their investment.

Mr. Smith’s $60 Million Bill to Fancamp Shareholders

For over 30 years, Mr. Smith treated the Corporation and its finances as his own personal bank account, spending without authorization and leaving YOU, the shareholders of Fancamp, with over $60 million in expenditures, with nothing to show for it.

Mr. Smith had no vision or strategy, executed poorly, and enriched his friends and associates. Mr. Smith operated in secret, failing to report most of his activities to the Board of Directors (the "Board") so that they could not stop him. When the Board did find out about the mismanagement of Fancamp’s funds (indirectly, YOUR funds), Mr. Smith defied the Board’s instructions, and refused requests to produce a proper budget and follow common expense and governance practices. Mr. Smith simply did as he pleased until the Board took action to hold him accountable by having him step down as president and CEO in August 2020.

Mr. Smith’s long list of misconduct and financial mismanagement is outlined below. Fancamp warns shareholders that losses will likely rise again if Mr. Smith and his handpicked nominees are elected to the Board as they have confirmed they will use the Corporation’s money to repay and reimburse themselves for the costly proxy fight that Mr. Smith started. If this happens, Fancamp shareholders will lose value on their investment, indirectly footing bill for Mr. Smith’s self-serving agenda.

Shareholders should also know that management believes the list below is just the tip of the iceberg. Fancamp has very strong reason to believe there are even more cases of misconduct and self-dealing by Mr. Smith, and its Special Committee of Directors (the "Special Committee"), assisted by KPMG as forensic accountants, will continue the formal forensic investigation into Mr. Smith. In the course of the investigation led by the Special Committee, the following were discovered:

The Board has repeatedly tried to reason and work with Mr. Smith, but he has refused. Since Fancamp has very strong reason to believe there is even further misconduct by Mr. Smith, it also means that the Corporation has been forced to incur additional expenses to launch the independent forensic investigation, and file a civil lawsuit as well as an application for a Safeguard Order. The Board will continue to consider all of its options in furthering the best interest of the Corporation.

Fancamp’s Plan for Growth

In contrast to Mr. Smith’s history of value destruction and wasted money, Fancamp has released a new video outlining its action-oriented, three-pronged growth strategy to enhance shareholder value and increased returns. Watch here: fancamp.ca./thefutureisbright

Only Your Vote Can Stop Mr. Smith from Destroying Fancamp

If Mr. Smith chose to behave this way with a Board that tried to hold him accountable for his destructive actions, imagine what he will do if his friends and associates become members of the Board.

Shareholders have suffered long enough. Mr. Smith’s cumulative total shareholder return during his 30+ year executive tenure is –59.4%. That means if you gave Mr. Smith $100 when he first started, you would have lost more than half of your money and be left with only $40 today. Now, he is asking for an additional 90 days to "implement a strategy of value creation." Mr. Smith’s 30-year record speaks for itself – he is unable to do the job.

VOTE YOUR GOLD PROXY TODAY – Deadline: Friday, June 25, 2021 at 1:00 p.m. ET

Vote FOR Fancamp’s director nominees to move forward, create value, and give Fancamp an opportunity to get back the previously wasted money. Voting is fast and easy – please vote well in advance of the deadline. If you have any questions or need help voting, contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

Advisors

Lavery, de Billy, L.L.P. and Goodmans LLP are serving as legal advisor to Fancamp. Harris & Company LLP is serving as litigation counsel to Fancamp. Kingsdale Advisors is acting as strategic shareholder and communications advisor to Fancamp. Koffman Kalef LLP is serving as legal advisor to the Special Committee.

About Fancamp Exploration Ltd. (TSX-V: FNC)

Fancamp is a growing Canadian mineral exploration corporation dedicated to its value-added strategy of advancing mineral properties through exploration and development. The Corporation owns numerous mineral resource properties in Quebec, Ontario and New Brunswick, including gold, rare earth metals, strategic and base metals, zinc, chromium, titanium and more. Fancamp is also building on the industrial possibilities inherent in dealing with some of these materials, notable being the development of its Titanium technology strategy. It has recently announced the acquisition of ScoZinc, a Canadian exploration and mining corporation that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia, as well as several prospective exploration licenses in surrounding regions. The Corporation is managed by a new and focused leadership team with decades of mining, exploration and complementary technology experience.

Forward-looking Statements

This news release includes certain statements which are not comprised of historical facts and that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include estimates and statements that describe Fancamp’s future plans, objectives or goals, including words to the effect that Fancamp or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "foresees" or "plan". Since forward-looking statements are based on multiple factors, assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Fancamp, Fancamp provides no assurance that actual results will meet the management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially or simply fail to materialize from those expressed or implied by such forward-looking information. Forward-looking information includes, but is not limited to, information and statements relating to future losses or benefits arising from the election of certain director nominees or from future decisions of management. 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. Important factors that could cause actual results to differ materially from Fancamp’s expectations include, among others, political, economic, environmental and permitting risks, mining operational and development risks, litigation risks, regulatory restrictions, environmental and permitting restrictions and liabilities, the inability of Fancamp to raise capital or secure necessary financing in the future, as well as factors discussed in the section entitled "Risks and Uncertainties" in Fancamp’s management’s discussion and analysis of Fancamp’s financial statements for the period ended January 31, 2021. Although Fancamp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Fancamp considers its assumptions to be reasonable based on information currently available, but there can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005780/en/

Contacts

For Further Information

Rajesh Sharma, Chief Executive Officer
+1 (604) 434 8829
info@fancamp.ca

Debra Chapman, Chief Financial Officer
+1 (604) 434 8829
info@fancamp.ca

Media Contact
Hyunjoo Kim
Director, Communication, Marketing & Digital Strategy
Kingsdale Advisors
Phone: 416-867-2357
Cell: 416-899-6463
Email: hkim@kingsdaleadvisors.com

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

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Albertsons Companies, Inc. (ACI). ACI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 10.44, while its industry has an average P/E of 23.71. ACI's Forward P/E has been as high as 10.80 and as low as 5.35, with a median of 8.48, all within the past year.

Investors should also note that ACI holds a PEG ratio of 0.87. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ACI's industry currently sports an average PEG of 1.94. ACI's PEG has been as high as 0.90 and as low as 0.45, with a median of 0.75, all within the past year.

Finally, investors should note that ACI has a P/CF ratio of 4.05. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. ACI's P/CF compares to its industry's average P/CF of 15.38. Over the past 52 weeks, ACI's P/CF has been as high as 4.09 and as low as 2.15, with a median of 2.69.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Albertsons Companies, Inc. Is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ACI feels like a great value stock at the moment.

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Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report
 
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Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – June 14, 2021) – InZinc Mining Ltd. (TSXV: IZN) (the "Company") is pleased to announce field crews will start Phase 1 exploration activities at the Indy project in central British Columbia in early July. The fully-funded Phase 1 program, consisting of extensive soil geochemistry, mapping, prospecting and access work, will prepare new and existing targets for drilling planned for the fall of 2021.

A maiden drill program at Indy discovered shallow Sedex-style mineralization at the B-9 Zone in 2018, including 12.33% Zn, 2.98% Pb, and 24.46g/t Ag (14.98% ZnEq) over 6.3m at 60m below surface in hole IB18-009. The B-9 Zone remains open for expansion. In 2019, InZinc outlined a large, new Sedex-type target on the property called the Delta Horizon, located 5km northwest of the B-9 Zone.

Phase 1 will evaluate the Delta East area, where wide-spaced historical sampling returned extensive anomalous Zn+Pb in soil and provide additional soil geochemistry coverage at Anomalies B and C where trends remain open for expansion.

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6480/87376_f901818804d9aa9f_001full.jpg

The Indy project extends for over 25km covering a mineralized trend of equal length. With recent discoveries of shallow mineralization and untested targets exceeding 5km in aggregate length, the Indy project provides multiple opportunities for discoveries in an accessible and unexplored region of central British Columbia.

Grant of Stock Options

InZinc announces the grant of incentive stock options to certain directors, officers and consultants to purchase a total of 2,575,000 common shares of the Company for a period of five (5) years at an exercise price of $0.05 per share effective June 11, 2020. These stock options will vest over the next 12 months.

About InZinc

InZinc is focused on growth through exploration and advancement of its interest in multiple North American base metals projects. The road accessible Indy project (100% earn-in), located in central British Columbia, comprises discoveries of near surface mineralization and large untested exploration targets along a 25km long trend with potential for the discovery of a new regional scale zinc belt. The West Desert option (100% option to American West Metals) provides significant cash payments and continuing leverage through ownership in American West Metals as it funds the advancement of the West Desert project to prefeasibility (planned in Q3 2023) and the Storm Copper and Copper Warrior projects in North America. In addition, upon exercise of the West Desert option, InZinc will receive 50% of the revenue from the sale of indium mined from West Desert.

InZinc Mining Ltd.

Wayne Hubert
_____________________________

Chief Executive Officer
Phone: 604.687.7211
Website: www.inzincmining.com

For further information contact:
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com

Qualified Person

Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in NI43-101, has approved the technical content of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management Discussion and Analysis for the year ended December 31, 2020 and for the three months ended March 31, 2021 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87376

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the fourth quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 6 years and analyze what the smart money thinks of Freeport-McMoRan Inc. (NYSE:FCX) based on that data.

Freeport-McMoRan Inc. (NYSE:FCX) was in 68 hedge funds' portfolios at the end of March. The all time high for this statistic was previously 61. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. FCX investors should be aware of an increase in activity from the world's largest hedge funds of late. There were 61 hedge funds in our database with FCX positions at the end of the fourth quarter. Our calculations also showed that FCX isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Hedge funds have more than $3.5 trillion in assets under management, so you can't expect their entire portfolios to beat the market by large margins. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). So you can still find a lot of gems by following hedge funds' moves today.

Stanley Druckenmiller of Duquesne Capital

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, advertising technology one of the fastest growing industries right now, so we are checking out stock pitches like this under-the-radar adtech stock that can deliver 10x gains. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to check out the latest hedge fund action encompassing Freeport-McMoRan Inc. (NYSE:FCX).

Do Hedge Funds Think FCX Is A Good Stock To Buy Now?

At the end of the first quarter, a total of 68 of the hedge funds tracked by Insider Monkey were long this stock, a change of 11% from the fourth quarter of 2020. On the other hand, there were a total of 42 hedge funds with a bullish position in FCX a year ago. With hedgies' capital changing hands, there exists an "upper tier" of noteworthy hedge fund managers who were increasing their holdings substantially (or already accumulated large positions).

Among these funds, Fisher Asset Management held the most valuable stake in Freeport-McMoRan Inc. (NYSE:FCX), which was worth $1458.8 million at the end of the fourth quarter. On the second spot was Lansdowne Partners which amassed $223.3 million worth of shares. Duquesne Capital, Citadel Investment Group, and Platinum Asset Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Prince Street Capital Management allocated the biggest weight to Freeport-McMoRan Inc. (NYSE:FCX), around 18.26% of its 13F portfolio. Lansdowne Partners is also relatively very bullish on the stock, setting aside 7.27 percent of its 13F equity portfolio to FCX.

As aggregate interest increased, some big names were breaking ground themselves. Holocene Advisors, managed by Brandon Haley, initiated the biggest position in Freeport-McMoRan Inc. (NYSE:FCX). Holocene Advisors had $47.6 million invested in the company at the end of the quarter. Steven Tananbaum's GoldenTree Asset Management also initiated a $38.1 million position during the quarter. The following funds were also among the new FCX investors: Josh Donfeld and David Rogers's Castle Hook Partners, Gilchrist Berg's Water Street Capital, and Zach Schreiber's Point State Capital.

Let's also examine hedge fund activity in other stocks – not necessarily in the same industry as Freeport-McMoRan Inc. (NYSE:FCX) but similarly valued. We will take a look at Ford Motor Company (NYSE:F), ING Groep N.V. (NYSE:ING), Dow Inc. (NYSE:DOW), Walgreens Boots Alliance Inc (NASDAQ:WBA), Kimberly Clark Corporation (NYSE:KMB), Pinterest, Inc. (NYSE:PINS), and Las Vegas Sands Corp. (NYSE:LVS). All of these stocks' market caps resemble FCX's market cap.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position F,49,2197658,8 ING,10,532082,1 DOW,41,717981,-6 WBA,41,1132820,5 KMB,31,1287433,-6 PINS,83,4189031,-12 LVS,62,2441021,-1 Average,45.3,1785432,-1.6 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 45.3 hedge funds with bullish positions and the average amount invested in these stocks was $1785 million. That figure was $3291 million in FCX's case. Pinterest, Inc. (NYSE:PINS) is the most popular stock in this table. On the other hand ING Groep N.V. (NYSE:ING) is the least popular one with only 10 bullish hedge fund positions. Freeport-McMoRan Inc. (NYSE:FCX) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for FCX is 79.7. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 17.2% in 2021 through June 11th and still beat the market by 3.3 percentage points. Hedge funds were also right about betting on FCX as the stock returned 24.3% since the end of Q1 (through 6/11) and outperformed the market. Hedge funds were rewarded for their relative bullishness.

Get real-time email alerts: Follow Freeport-Mcmoran Inc (NYSE:FCX)

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

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In this article, we discuss the 10 penny stocks Robinhood traders are buying in 2021. If you want to skip our detailed analysis of these stocks, go directly to the 5 Penny Stocks Robinhood Traders are Buying in 2021.

Robinhood Markets, the California-based financial technology firm that owns popular stock trading application Robinhood, is expected to debut on the stock market in the coming months, targeting a record market valuation of over $40 billion. Robinhood has gained prominence in the past few months as millions of new investors use the platform, primarily because it offers commission-free stock trading services, does not have a minimum account balance requirement, and has made trading essentially hassle-free.

The application was developed by Vladimir Tenev and Baiju Bhatt to unleash the micro-investor potential that had been bubbling away under the surface of the financial world for years but was held back by exuberant transaction fees and minimum investment requirements on the open market. In 2014, more than 300,000 people signed up for the application before launch. By 2015, this number had more than doubled. In May 2020, the New York Times claimed that Robinhood had 13 million active users. Over the past year, 3 million more have joined.

The average age of these users is around 30 and most bet on penny stocks with explosive growth potential. However, the interest in penny stocks does not hold them back from short-term plays on large-cap or mega-cap growth stocks like Tesla, Inc. (NASDAQ: TSLA), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG). Through the month of May, Tesla, Inc. (NASDAQ: TSLA) was the most popular stock on the application by a country mile with Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG) also featured.

However, penny stocks still remain some of the most traded on the application in terms of volume. The technology, biopharma, and marijuana industries are some of the markets that these retail investors seem most interested in, with most popular penny stocks falling in one of these three categories. Robinhood has been thriving off these trends, generating more than $680 million in revenue last year, a more than 500% increase compared to 2019, as the coronavirus lockdowns dramatically increased interest in digital trading.

The larger trends towards digital and fintech are expected to continue driving market trends in the coming months, further pummeling the traditional finance world that has been hit hard by tech-led disruption. The entire hedge fund industry is 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 February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. 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.

Photo by Mohamed Hadji on Unsplash

With this context in mind, here is our list of the 10 penny stocks Robinhood traders are buying in 2021. These stocks were selected keeping in mind their popularity on the Robinhood application and their impressive returns in recent months.

Penny Stocks Robinhood Traders Are Buying in 2021

10. Safe Bulkers, Inc. (NYSE: SB)

Number of Hedge Fund Holders: 8

Safe Bulkers, Inc. (NYSE: SB) is a European transportation company founded in 2007. It is ranked tenth on our list of 10 penny stocks Robinhood traders are buying in 2021. The company’s shares have returned more than 248% to investors over the past year. The vessels owned by the company transport cargo such as coal, grain, and iron ore, among others. The firm owns more than 40 vessels for cargo transport, which include models such as Panamax Kamsarmax, Panamax, and Capesize class vessels.

Safe Bulkers, Inc. (NYSE: SB) posted earnings results for the first three months of 2021 on May 5, reporting earnings per share of $0.14, beating market predictions by $0.03. The revenue for the first quarter of 2021 was over $62 million, up 36% year-on-year.

On May 12, Safe Bulkers, Inc. (NYSE: SB) announced that it had entered into an agreement for the purchase of two new vessels, scheduled to be delivered within two years, and the sale of two older ones for more than $44 million, as part of a fleet renewal strategy.

At the end of the first quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $16.3 million in Safe Bulkers, Inc. (NYSE: SB), up from 5 the preceding quarter worth $6.7 million.

9. Uxin Limited (NASDAQ: UXIN)

Number of Hedge Fund Holders: 3

Uxin Limited (NASDAQ: UXIN) is a Chinese holding company founded in 2011. It is placed ninth on our list of 10 penny stocks Robinhood traders are buying in 2021. The stock has offered investors returns exceeding 246% over the course of the past twelve months. The holding company is the owner of an ecommerce platform for used cars in the Asian country. An application called Uxin Auction facilitates dealings in used cars. The firm also offers other services related to cars, like financing and other value-added auto products.

On April 28, Uxin Limited (NASDAQ: UXIN) stock surged more than 26% on the back of strong earnings reported by the company for the third fiscal quarter. Over the period, the firm also announced that it had transitioned to an inventory model entirely.

In the third fiscal quarter, Uxin Limited (NASDAQ: UXIN) posted gross revenues of over RMB322 million, up more than 30% compared to the gross revenue over the same period last year. The firm also announced that it was expecting a new investment of up to $300 million.

Out of the hedge funds being tracked by Insider Monkey, Hong Kong-based investment firm Hillhouse Capital Management is a leading shareholder in Uxin Limited (NASDAQ: UXIN) with 2.2 million shares worth more than $2.6 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), Uxin Limited (NASDAQ: UXIN) is one of the best stocks Robinhood traders are buying in 2021.

8. Abeona Therapeutics Inc. (NASDAQ: ABEO)

Number of Hedge Fund Holders: 7

Abeona Therapeutics Inc. (NASDAQ: ABEO) is a Texas-based biopharma company founded in 1974. It is ranked eighth on our list of 10 penny stocks Robinhood traders are buying in 2021. The company’s shares have returned more than 31% to investors over the past month. The company concentrates on the development of therapies for the treatment of rare genetic diseases that are deemed life-threatening. A leading product that the firm is working on is a cell therapy for recessive dystrophic epidermolysis bullosa named EB-101.

In quarterly earnings results, posted on May 18, Abeona Therapeutics Inc. (NASDAQ: ABEO) reported earnings per share of -$0.17, beating market estimates by $0.02. Cash and short-term investments over the period equaled more than $86 million.

On May 26, Abeona Therapeutics Inc. (NASDAQ: ABEO) stock surged over 6% as the firm announced to shareholders in a letter that it expected to complete patient enrollment for a late stage study on EB-101 and top-line data on the program was expected by the next year.

At the end of the first quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $16.6 million in Abeona Therapeutics Inc. (NASDAQ: ABEO), down from 11 in the previous quarter worth $25.3 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), Abeona Therapeutics Inc. (NASDAQ: ABEO) is one of the best stocks Robinhood traders are buying in 2021.

7. Evolving Systems, Inc. (NASDAQ: EVOL)

Number of Hedge Fund Holders: 2

Evolving Systems, Inc. (NASDAQ: EVOL) is a Colorado-based software company founded in 1985. It is placed seventh on our list of 10 penny stocks Robinhood traders are buying in 2021. The company’s shares have offered investors a return of more than 112% over the course of the past twelve months. The firm primarily provides real-time digital engagement solutions. Some of the products marketed by the firm include Smart Dealer, Dynamic Sim Allocation, and Tertio Service Activation, among others.

In earnings results for the first three months of 2021, posted on May 13, Evolving Systems, Inc. (NASDAQ: EVOL) reported a revenue of more than $6.4 million, up 3.2% compared to the revenue over the same period last year.

In the fourth quarter of 2020, Evolving Systems, Inc. (NASDAQ: EVOL) had reported a revenue of $7 million, $0.3 million more than in the preceding quarter. The earnings per share over the period were $0.05, a massive improvement from -$0.11 from the last quarter of 2019.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Evolving Systems, Inc. (NASDAQ: EVOL) with 834,531 shares worth more than $2.2 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), Evolving Systems, Inc. (NASDAQ: EVOL) is one of the best stocks Robinhood traders are buying in 2021.

6. NexGen Energy Ltd. (NYSE: NXE)

Number of Hedge Fund Holders: 13

NexGen Energy Ltd. (NYSE: NXE) is a Canada-based uranium company founded in 2011. It is ranked sixth on our list of 10 penny stocks Robinhood traders are buying in 2021. The stock has returned more than 271% to investors in the past twelve months. Although the company has interests in several uranium-related projects, the premier one is the Rook I project in Saskatchewan that consists of 32 mineral claims in the area.

On April 7, NexGen Energy Ltd. (NYSE: NXE) named Harpreet Dhaliwal, the former CFO of Leagold Mining, as the new chief financial officer. The position had not been filled since the resignation of the previous CFO back in late 2019.

On February 25, NexGen Energy Ltd. (NYSE: NXE) had announced that it had sold more than 33 million shares in a deal and that the proceeds from the deal would be used for general corporate purposes.

At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $40.6 million in NexGen Energy Ltd. (NYSE: NXE), the same as in the previous quarter worth $30.3 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), NexGen Energy Ltd. (NYSE: NXE) is one of the best stocks Robinhood traders are buying in 2021.

Click to continue reading and see 5 Penny Stocks Robinhood Traders are Buying in 2021.

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Disclose. None. 10 Penny Stocks Robinhood Traders are Buying in 2021 is originally published on Insider Monkey.

VANCOUVER, BC / ACCESSWIRE / June 14, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or "the Company") is pleased to announce work has started at two of the 24 wholly-owned projects it intends to explore during summer and fall of 2021. The work will include soil sampling, detailed mapping and prospecting in order to make new discoveries and progress existing targets toward drill readiness. The targets to be explored host a wide variety of metals and minerals, including, gold, silver, base metals and a variety of critical metals.

One crew is currently at the Alotta project, a promising copper-gold-molybdenum porphyry prospect located 50 km southwest of Western Copper and Gold's Casino deposit, where Rio Tinto Canada recently invested over $25 million. Alotta is marked by a strong 1.5 by 4 km soil geochemical anomaly that is confined to a large magnetic low, which appears to be related to pervasive alteration and sulphide replacement of magnetite. This project is one of 10 promising porphyry copper-gold projects that are owned by Strategic Metals.

Another crew is at the Harry project, which hosts high-grade gold-copper mineralization related to a shear system. Historical hand trenching in an area of quartz float exposed veins grading 9.3 g/t gold, 27.4 g/t silver and 1.0% copper over 1.5 m. This project is located 70 km southeast of Whitehorse and 60 km east of the Mt. Skukum gold veins that are being aggressively explored by Whitehorse Gold. Strategic Metals owns more than 75 projects where gold and/or silver are major components of the mineralization.

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

About Strategic Metals Ltd.

Strategic is a project generator with 11 royalty interests, 8 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of over $9 million and large shareholdings in a number of active mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.9% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio is approximately $29 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"
President and Chief Executive Officer

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

Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.com

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

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

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/651484/Strategic-Metals-Ltd-Announces-Start-of-2021-Exploration-Program

ROUYN-NORANDA, Quebec, June 14, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the USA) is pleased to inform shareholders that it has entered into a definitive Purchase Agreement to sell the Francoeur/Arntfield/Lac Fortune gold property to Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY). The property, located in Abitibi, Québec, adjoins Yamana’s Wasamac Gold Mine project on which Yamana is currently working in order to advance to production. The Globex property includes a number of former gold mines and areas of excellent gold exploration potential. Exploration by Globex has demonstrated the potential for finding additional areas of significant gold mineralization. In addition to the Francoeur/Arntfield/Lac Fortune property, as part of the transaction Yamana will acquire 30 claims in Beauchastel township to the east of the Wasamac Gold Mine property and three claims in Malartic township from Globex.

Under the Purchase Agreement, Globex will receive the following cash and share payments from Yamana:

Upon closing of the transaction: $4,000,000, which will be satisfied by Yamana issuing 706,714 shares to Globex at a deemed price of $5.66 per share. Based on the closing price of Yamana’s shares on the Toronto Stock Exchange on Friday, June 11, 2021 of $6.22, the 706,714 Yamana shares have a current market value of $4,395,761.08;

Based on Yamana’s current trading price, the total cash and share consideration is $15,395,761.08, of which Globex will receive $7,395,761.08 in cash and shares within the first year.

Globex may elect to receive one or more of the four anniversary payments in Yamana shares. If Globex so elects, the number of shares issued by Yamana will be based on the volume weighted average trading price of Yamana’s shares for the five trading days immediately preceding the date of payment.

In addition, Globex will retain a 2% Gross Metal Royalty on all mineral production from the Francoeur/Arntfield/Lac Fortune property and the 30 Beauchastel and three Malartic township claims, of which 0.5% may be purchased by Yamana for $1,500,000.

Yamana has agreed to assume payment of the three underlying royalties on the properties and will make a final environmental bond payment of $223,633.50 currently due by Globex on the Francoeur Mine in July 2021, after which Globex will transfer the bond to Yamana.

Globex is pleased to have entered into the Purchase Agreement with Yamana, which will provide Globex with revenue for the next four years as well as a significant royalty stream should a mineral deposit on the property package enter into production.

Closing of the sale, which is expected to take place on June 21, 2021, is conditional upon regulatory approval and standard closing conditions.

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

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, including closing of the transaction with Yamana Gold Inc., or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.