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OAKVILLE, Ontario, Oct. 13, 2021 (GLOBE NEWSWIRE) — Terrestrial Energy and Cameco Corporation (TSX: CCO; NYSE: CCJ), both leading Canadian companies in their fields, have signed a Memorandum of Understanding (MOU) to examine potential partnership opportunities to deploy Terrestrial Energy’s Integrated Molten Salt Reactor (IMSR) Generation IV nuclear power plants in North America and worldwide, and to evaluate possible opportunities for the supply of uranium supply, fuel and other services. As part of these activities, the companies are investigating the potential of Cameco’s Port Hope uranium conversion facility in southern Ontario for IMSR fuel salt supply.

This MOU is non-binding and non-exclusive. It follows Terrestrial Energy’s prior agreements with Cameco to supply uranium products for its ongoing fuel testing programs.

“Nuclear energy is a proven, reliable source of carbon-free power and a critical tool in achieving a net-zero emissions future in North America and worldwide,” said Tim Gitzel, Cameco’s president and CEO. “Cameco plans to be a key fuel supplier for the emerging small modular reactor and advanced reactor market. We look forward to investigating with Terrestrial Energy opportunities to partner for possible future deployments of its next-generation nuclear power plant technology.”

Cameco is a leading provider of uranium, refining, conversion, fuel fabrication and component manufacturing services for the global nuclear energy industry. The company is one of the world’s largest producers of uranium fuel for carbon-free nuclear power generation, including supplying fuel and fuel assemblies for CANDU reactors in Canada and abroad.

“Cameco is a Canadian and global leader in uranium supply and other fuel services, and we welcome this opportunity to investigate with them opportunities around the deployment of IMSR power plants and to supply nuclear fuel to our plants in Canada and worldwide,” said Simon Irish, CEO of Terrestrial Energy. “IMSR power plants use Generation IV nuclear technology for a 50 percent improvement in the efficiency of nuclear power generation and are a carbon-free alternative to burning fossil fuels.”

The Terrestrial Energy IMSR power plant is one of three Small Modular Reactor (SMR) power plant designs under consideration for deployment at Ontario Power Generation’s Darlington Nuclear Generating Station.
It is one of two Generation IV technology candidates under consideration by OPG, and the IMSR is the only Canadian technology candidate.

Terrestrial Energy’s Oakville operation represents the largest SMR power plant technology development project in Canada. Terrestrial Energy announced on September 14 its upgraded IMSR400 power plant, which consists of twin IMSRs and generators to produce 390 MW of clean electricity from one facility.

About Terrestrial Energy

Terrestrial Energy is a developer of small and modular nuclear power plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology. IMSR technology is non-Light Water Reactor and Generation IV technology and will generate electricity 50 percent more efficiently than conventional nuclear reactor technolgy. The IMSR represents a step-change improvement in economics, versatility and functionality of nuclear power plants that is possible only through Generation IV technology. IMSR power plants will provide resilient, reliable, dispatchable, zero-carbon and cost-competitive electric power, as well as high-grade industrial heat for use in many industrial applications, such as chemical synthesis, hydrogen production and desalination, and in so doing extend the application of nuclear energy far beyond electric power markets. IMSR power plants have the potential to make important contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system by displacing fossil fuel combustion across a broad spectrum and can scale to meet net-zero policy goals of major industrial economies. Using an innovative design, and proven and demonstrated molten salt reactor technology, Terrestrial Energy is engaged with regulators and industrial partners to complete IMSR engineering and to commission first IMSR power plants in the late 2020s.

Website: www.terrestrialenergy.com
E-mail: info@terrestrialenergy.com

Social Media
Facebook:	TerrestrialMSR
Twitter:	TerrestrialMSR
YouTube:	Terrestrial Energy
LinkedIn:	TerrestrialEnergy

CONTACT: Contact: Brian Smith Terrestrial Energy Phone: (416) 822-3130 Email: bsmith@the-lanes.ca

SASKATOON, Saskatchewan, Oct. 13, 2021 (GLOBE NEWSWIRE) — Cameco (TSX: CCO; NYSE: CCJ) and Terrestrial Energy, both leading Canadian companies in their fields, have signed a Memorandum of Understanding (MOU) to examine potential partnership opportunities to deploy Terrestrial Energy’s Integrated Molten Salt Reactor (IMSR) Generation IV nuclear power plants in North America and worldwide, and to evaluate possible opportunities for the supply of uranium supply, fuel and other services. As part of these activities, the companies are investigating the potential of Cameco’s Port Hope uranium conversion facility in southern Ontario for IMSR fuel salt supply.

This MOU is non-binding and non-exclusive. It follows Terrestrial Energy’s prior agreements with Cameco to supply uranium products for its ongoing fuel testing programs.

The Terrestrial Energy IMSR power plant is one of three Small Modular Reactor (SMR) power plant designs under consideration for deployment at Ontario Power Generation’s (OPG) Darlington Nuclear Generating Station. It is one of two Generation IV technology candidates under consideration by OPG, and the IMSR is the only Canadian technology candidate.

According to Terrestrial Energy, its Oakville operation represents the largest SMR power plant technology development project in Canada. Terrestrial Energy announced on September 14 its upgraded IMSR400 power plant, which consists of twin IMSRs and generators to produce 390 MW of clean electricity from one facility.

For more information on Terrestrial Energy or its advanced reactor technology, please visit the company’s website at www.terrestrialenergy.com.

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 U.S. securities laws (which we refer to as forward-looking information), including: the intention of Cameco and Terrestrial Energy to examine opportunities to deploy IMSR Generation IV power plants, and to evaluate possible opportunities for the supply of products and services, including the potential role of Cameco’s Port Hope uranium conversion facility for IMSR fuel salt supply; our views of the role of nuclear energy in providing carbon-free power and achieving net-zero emissions; Cameco’s plans to be a key fuel supplier for the small modular reactor and advanced reactor market; the possibility of the future partnering of Cameco and Terrestrial Energy in the deployment of new nuclear power plant technology; the expectation that IMSR power plants using Generation IV technology will achieve a 50 percent improvement in efficiency of nuclear power generation; the possible deployment of the IMSR SMR power plant design at OPG’s Darlington Nuclear Generating Station; and the expectation that Terrestrial Energy’s upgraded IMSR400 power plant at its Oakville facility will produce 390 MW of clean electricity. This forward-looking information is based on a number of assumptions, including assumptions regarding: the ability of Cameco and Terrestrial Energy to examine and develop successfully the partnership opportunities under consideration, or for the deployment of new power plant technology; the suitability of Cameco’s Port Hope facility for IMSR fuel salt supply; the ability of nuclear energy to provide carbon-free power and achieve net-zero emissions; Cameco’s ability to attract and service customers in the small modular reactor and advanced reactor market; assumptions regarding the ability of Generation IV technology to achieve the expected improvement in efficiency; the suitability of the IMSR SMR power plant design at OPG’s Darlington facility; and the production capability of the IMSR400 power plant. This information is subject to a number of risks, including: the risk that Cameco and Terrestrial Energy may be unable to develop successful partnership opportunities; Cameco’s Port Hope facility may prove unsuitable for IMSR fuel salt supply; nuclear energy may not provide the expected benefits in achieving net-zero emissions; Cameco may not be successful in becoming a key supplier in the small modular reactor and advanced reactor market; the Generation IV technology may not achieve the expected efficiency level; OPG may not select the IMSR SMR power plant design for its Darlington facility; and the IMSR400 power plant may not achieve the expected production capability. The forward-looking information in this news release represents our current views, and actual results may differ significantly. Forward-looking information is designed to help you understand our current views, and may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

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

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

VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2), is pleased to announce its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). DTC is a subsidiary of the Depository Trust & Clearing Corp. (DTCC) that manages the electronic clearing and settlement of publicly traded companies in the United States.

Azincourt’s common shares are now fully DTC eligible and will continue to trade under the ticker symbol “AZURF” on the OTC Markets. Through an electronic method of clearing securities, DTC eligibility simplifies the process of trading and transferring the Company’s common shares between brokerages in the United States.

“With our OTCQB upgrade and now DTC eligibility, Azincourt shares are fully tradeable in the US,” says Alex Klenman, President and CEO. “As the uranium sector continues to pick up momentum and become more visible to investors, gaining full accessibility was an important goal of ours. We’re eager to broaden our audience in the US and now we’re in a strong position to do so,” continued Mr. Klenman.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

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 press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Vancouver, British Columbia–(Newsfile Corp. – October 13, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the closing on October 13, 2021 of the second and final tranche of its previously announced private placement (see ALX news release dated October 4, 2021). In the second tranche, $249,999.96 was raised through the issuance of an additional 2,380,952 flow-through units ("FT Units") at a price of $0.105 per unit. In the private placement, the Company issued a total of 17,894,735 non-flow-through units (the "NFT Units") and 13,333,333 FT Units for gross proceeds in both tranches of $3,099,999.79 (the "Offering").

The NFT Units were sold at a price of $0.095 per NFT Unit, consisting of one common share and one common share purchase warrant. The FT Units were sold at a price of $0.105 per FT Unit consisting of one flow-through common share and one-half of one non-flow through common share purchase warrant. One common share purchase warrant from the NFT Units or one whole common share purchase warrant from the FT units entitles the holder to purchase one non-flow through common share of the Company at a price of $0.14 for a period expiring on October 8, 2023.

The securities issued in the Offering are subject to a hold period of four months plus one day from the closing date, expiring February 9, 2022. The proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan uranium and gold properties and on its Ontario nickel and copper properties. The proceeds from the sale of NFT Units will be used for general working capital.

Finder's fees for the second and final tranche were paid to Red Cloud Securities Inc. consisting of $17,500 in cash and 166,667 finder's warrants. Each finder's warrant is exercisable at a price of $0.095 and is exercisable until October 8, 2023.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 250,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, and the Javelin and McKenzie Lake Uranium Projects.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two option stages), and in the Draco VMS Project in Norway.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at, PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com.

On Behalf of the Board of Directors of ALX Resources Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, public health, environmental and technological factors that may affect the Company's operations, markets, products and share price. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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/99578

Not for distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, Oct. 12, 2021 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2) is pleased to announce that it has closed the final tranche of its non-brokered private placement. In connection with closing of the final tranche, the Company has issued 17,071,428 non-flow-through units (each, an “NFT Unit”) and 6,666,667 flow-through units (each, an “FT Unit”). Each NFT Unit was offered at a price of $0.07 and each FT Unit was offered at a price of $0.075. Each NFT Unit and FT Unit consists of one common share and one share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.10 until October 12, 2024.

When combined with the earlier tranche of the placement, the Company has raised gross proceeds of $8,100,000 through the issuance of 77,877,416 NFT Units, 17,600,126 FT Units and 14,285,714 charity flow-through units. Closing of the final tranche of the placement represents an increase of 6,666,667 FT Units, for gross proceeds of an additional $500,000, from the amount originally announced by the Company on September 22, 2021.

The gross proceeds from the issuance of the FT Units will be used for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), which will be renounced with an effective date of no later than December 31, 2021, to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units. If the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Units for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the qualifying expenditures. It is expected that expenditures will largely be focused on the upcoming 30-to-35-hole, 7,000-metre drill program at the East Preston uranium project, located in the western Athabasca basin, Saskatchewan, Canada.

The net proceeds from the sale of NFT Units will be used primarily for the continued development of the Company's East Preston uranium project; working capital; and general corporate purposes.

All securities issuable in connection with the placement are subject to a statutory hold period, in accordance with applicable securities laws, until January 30, 2022, in the case of the first tranche of the placement, and February 13, 2022, in the case of the final tranche. In connection with closing of the final tranche of the placement, the Company paid finders’ fees totaling $135,600 and issued a total of 1,899,047 finders’ warrants. Each finders’ warrant is exercisable into one common share of the Company at a price of $0.07 until October 12, 2024.

The placement included participation by insiders of the Company in the aggregate amount of 28,714,285 NFT Units and 266,666 FT Units. The participation in the placement by these insiders constitutes a related party transaction within the meaning of Policy 5.9 of the TSX Venture Exchange and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). In connection with the participation by the insiders, the Company relied upon the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of the participation did not exceed twenty-five percent of the market capitalization of the Company (as determined under MI 61-101).

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its majority controlled joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

VANCOUVER, BC, Oct. 12, 2021 /CNW/ – Trading resumes in:

Company: IsoEnergy Ltd.

TSX-Venture Symbol: ISO

All Issues: No

Resumption (ET): 1:23 PM

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

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

Cision

View original content: http://www.newswire.ca/en/releases/archive/October2021/12/c5484.html

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Vancouver, British Columbia–(Newsfile Corp. – October 12, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the closing on October 8, 2021 of the first tranche of a non-brokered private placement consisting of 17,894,735 non-flow-through units (the "NFT Units") and 10,992,381 flow-through units ("FT Units") of the Company for gross proceeds of $2,849,999.83 (the "Offering").

Finder's fees for the first tranche were paid as follows: Red Cloud Securities Inc., $135,992.94 in cash and 1,415,416 finder's warrants; Haywood Securities Inc., $8,749.98 in cash and 90,701 finder's warrants; Canaccord Genuity Corp., $6,555.50 in cash and 16,100 finder's warrants; Research Capital Corporation, $1,729.00 in cash and 18,200 finder's warrants; and Echelon Wealth Partners Inc., $1,102.50 in cash and 10,500 finder's warrants. Each finder's warrant is exercisable at a price of $0.095 and is exercisable until October 8, 2023.

The Company anticipates the closing of the second and final tranche of the private placement to occur on or before October 15, 2021.

About ALX

On Behalf of the Board of Directors of ALX Resources Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99447

VANCOUVER, BC, Oct. 12, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: IsoEnergy Ltd.

TSX-Venture Symbol: ISO

All Issues: No

Reason: Single Stock Circuit Breaker

Halt Time (ET): 13:18:52 AM

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

Cision

View original content: http://www.newswire.ca/en/releases/archive/October2021/12/c5349.html

Energy Fuels (UUUU) closed the most recent trading day at $6.44, moving +1.42% from the previous trading session. This change outpaced the S&P 500's 0.69% loss on the day.

Coming into today, shares of the uranium and vanadium miner and developer had lost 8.24% in the past month. In that same time, the Basic Materials sector lost 4.01%, while the S&P 500 lost 2.58%.

Investors will be hoping for strength from UUUU as it approaches its next earnings release. On that day, UUUU is projected to report earnings of -$0.03 per share, which would represent year-over-year growth of 62.5%. Meanwhile, our latest consensus estimate is calling for revenue of $10.53 million, up 2049.39% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.21 per share and revenue of $18.38 million, which would represent changes of +8.7% and +1008.63%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for UUUU. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. UUUU is currently a Zacks Rank #3 (Hold).

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.

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

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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

Energy Fuels Inc (UUUU) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Anglo Pacific Group's (LON:APF) returns on capital, so let's have a look.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Anglo Pacific Group is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.052 = US$27m ÷ (US$532m – US$20m) (Based on the trailing twelve months to June 2021).

So, Anglo Pacific Group has an ROCE of 5.2%. In absolute terms, that's a low return and it also under-performs the Metals and Mining industry average of 18%.

See our latest analysis for Anglo Pacific Group

In the above chart we have measured Anglo Pacific Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Anglo Pacific Group.

What Can We Tell From Anglo Pacific Group's ROCE Trend?

We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. The data shows that returns on capital have increased substantially over the last five years to 5.2%. Basically the business is earning more per dollar of capital invested and in addition to that, 93% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.

Our Take On Anglo Pacific Group's ROCE

A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Anglo Pacific Group has. And with a respectable 51% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. In light of that, we think it's worth looking further into this stock because if Anglo Pacific Group can keep these trends up, it could have a bright future ahead.

One more thing to note, we've identified 2 warning signs with Anglo Pacific Group and understanding these should be part of your investment process.

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.

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

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

ALABAMA GRAPHITE PRODUCTS TO PURCHASE 90,000 SQ FT OF INDUSTRIAL SPACE ADJACENT TO KELLYTON SITE

CENTENNIAL, Colo., October 11, 2021–(BUSINESS WIRE)–Westwater Resources Inc. (NYSE American: WWR) ("Westwater" or the "Company"), a battery-grade, natural graphite development company, is pleased to announce that its Board of Directors today approved expenditures of $202 million to execute the construction plan for Phase I of the Coosa Graphite Project located in Kellyton, Alabama. Construction activities are expected to begin before the end of 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211011005694/en/

Westwater Resources Inc. Coosa Graphite Project Site Plan (Graphic: Business Wire)

In addition, the Company’s Board of Directors approved the purchase of two buildings by its subsidiary, Alabama Graphite Products, LLC, that total 90,000 sq. ft. in size, to support the development of the Coosa Graphite Project. These buildings will be used for the Project’s administrative offices, laboratory, and warehousing space, and each are adjacent to the future processing plant. The purchase of these two buildings avoids the need for additional construction activities. The transactions are expected to close on or before October 14, 2021.

"With Westwater’s Board approval of the Project, we are proceeding directly to plant construction. Requests for proposals from contractors are in process, and construction is expected to start before the end of the year," said Chris Jones, President and CEO. "I am proud of this team’s efforts to bring this business plan a giant step closer to reality."

Westwater is an explorer and developer of US-based mineral resources essential to clean energy production in the United States. The Company plans to develop its Coosa Graphite Processing Facility (the "Project") to purify natural graphite concentrates and to produce battery ready graphite products. The Project will use state of the art technology and processing techniques to extract and refine graphite concentrates with 95-97% graphitic carbon (Cg) content to make Coated Spherical Purified Graphite ("CSPG") for Li-ion battery anodes.

PROJECT DEVELOPMENT PLAN

Phase I: In early 2023, the Project is expected to begin processing approximately 8,050 metric tons (mt) per year of graphite concentrate. Feedstock is anticipated to be supplied from outside sources until at least 2028. After processing and purification, and approximately 7,500 mt of two products would be available in the following quantities per year:

			3,700 mt per year
			3,800 mt per year

Phase II: Although not yet approved, the processing capacity of feedstock for the Project is planned to increase to approximately 35,200 mt per year in 2024. After processing and purification, approximately 32,400 mt of two products will be available in the following quantities:

			15,800 mt per year
			16,600 mt per year

PROJECT LOCATION

The property for the Project is located within the Lake Martin Regional Industrial Park, south of the town of Kellyton, in Coosa County, Alabama, and consists of approximately 73 acres. See our press release dated June 22, 2021. The nearest large population center is Alexander City, which lies approximately 5 miles southeast of the Project site.

PROPRIETARY TECHNOLOGY

Westwater has been working with third-party technology providers and equipment suppliers to develop the processes for purifying graphite to levels greater than 99.95% Cg and then processing that graphite into battery-grade CSPG. The result has been a unique, environmentally safe process utilizing relatively low temperatures and readily available industrial reagents. This process, for which WWR has made a patent application, is superior to processes used in China and elsewhere in terms of environmental safety. The Project, Phase I, is designed to process 8,050 metric tons per year of graphite.

COMMUNITY BENEFITS

Construction and operation of the proposed Coosa Graphite Processing Facility is expected to result in a positive effect on the socioeconomic characteristics of the regional area. The majority of beneficial effects would result from the employment of over 100 personnel once the Project is in operation.

PROJECT EXECUTION Summary

Underlying the Board’s decision is a definitive feasibility study (DFS) that was prepared by Samuel Engineering (SE) along with support from other contractors and Westwater personnel. In the DFS, SE developed a Level 2 execution schedule encompassing engineering, procurement, construction, and start-up of the first phase of the Coosa Graphite Processing Facility.

The critical path for plant construction and commissioning totals 17 months, supporting production in early 2023.

About Westwater Resources Inc.

Westwater Resources Inc. (NYSE American: WWR) is focused on developing battery-grade graphite. The Company’s primary project is the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. For more information, visit www.westwaterresources.net.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. Forward looking statements include, among other things, statements concerning the construction and operation of the Company’s Coosa Graphite Processing Facility and costs and schedules associated with them. The Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of the Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Westwater’s Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: (a) the Company’s ability to successfully construct and operate a commercial-scale plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19 and its potential impacts to the capital markets; (e) government regulation of the graphite industry and the vanadium industry; (f) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (g) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (h) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) new litigation or arbitration. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211011005694/en/

Contacts

Westwater Resources Inc.
Christopher M. Jones, President & CEO
Phone: 303.531.0480

Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
Email: Sales@westwaterresources.net

Investor Relations
Porter, LeVay & Rose
Michael Porter, President
Phone: 212.564.4700
Email: Westwater@plrinvest.com

Study Scope Addresses Increased Customer Interest by Increasing Production Rates

CENTENNIAL, Colo., October 11, 2021–(BUSINESS WIRE)–Westwater Resources Inc. (NYSE American: WWR) ("Westwater" or the "Company"), a battery grade natural graphite development company, today is pleased to announce results from its Definitive Feasibility Study ("DFS") for its Coosa Graphite Project’s production facility that is planned for construction at a site located near Kellyton, Alabama. Alabama Graphite Products, LLC, a wholly owned subsidiary of WWR, will be the operator of this facility.

WWR is an explorer and developer of US-based mineral resources essential to clean energy production in the United States. The Company plans to develop its Coosa Graphite Processing Facility (the "Project") to purify natural graphite concentrates and to produce battery ready graphite products. The Project will use state of the art technology and processing techniques, for which the Company has applied for a patent, to extract and refine graphite concentrates with 95-97% graphitic carbon (Cg) content to make Coated Spherical Purified Graphite (ULTRA-CSPG™) for Lithium-ion batteries – critical components for electric vehicles.

Samuel Engineering, Inc. ("SE"), in conjunction with several technology and environmental services providers, namely Dorfner Analysenzentrum und Anlagenplanungs-gesellschaft mbH ("ANZAPLAN"), Harper International Corporation ("Harper"), Thompson Engineering, Inc. ("Thompson") and other technical consultants and service providers were contracted by Westwater to prepare a DFS to estimate the capital cost to design, procure, construct and commission the Project consisting of the Phase I facilities. The key objectives of the Project’s DFS were:

Define the key components of the technology providers equipment packages, as well as the other requirements of the facility.
Support the Project’s economic evaluation and assessment which was performed by Westwater.
Identify and assess the processes and facilities that provides the most favorable return on investment.
Establish a budget for financing and forecasting of the Project moving forward.

The overall capital cost of Phase I of the Project is estimated to be $202 million, staged over 17 months of construction.

"This has been a high-quality effort by the Westwater team, Samuel Engineering, Dorfner Anzaplan and Harper," said Chris Jones, President and CEO of Westwater. "The result is a first quality facility, well timed to take advantage of surging demand for Lithium-Ion batteries and the graphite that makes them work. The move to make these batteries in the US from domestic sources makes the Coosa Graphite Project even more important. We could not be more pleased with this effort and result."

The role of SE and the three third-party technology providers are noted below:

Samuel Engineering – organize, coordinate, and develop the overall DFS, to interconnect the equipment designed and supplied by the three third technology providers, and provide any remaining balance of plant design and components required for a fully operational facility.
ANZAPLAN – engineer and design of the chemical purification process, Spherical Purified Graphite ("SPG"), and sodium hydroxide recovery and wastewater treatment for the chemical purification process. The Purification process involves caustic roasting, caustic leaching, acidic leaching, and drying. SPG, an intermediate product that is later coated to make Coated Spherical Purified Graphite ("CSPG"), requires a staged milling operation consisting of size reduction (micronizing) milling and shaping (spheronizing).
Harper – design and pricing for two (2) vertical furnaces used in the thermal purification process.

The DFS pertains to Phase I of the Project. Westwater plans to develop the Project site in two phases (Phases I and II). A plan and design for Phase II is in place at a pre-feasibility level ("PFS"), and economics are presented for both of the phases. A third phase, involving the development of the Coosa Graphite Deposit near the Kellyton site, is under consideration.

PROJECT DEVELOPMENT PLAN

Phase I: Beginning in early 2023, the Project is expected to begin processing approximately 8,050 metric tons (mt) per year of graphite concentrate. Feedstock is anticipated to be supplied from outside sources until at least 2028. After processing and purification, approximately 7,500 mt of two products would be available in the following quantities:

•	CSPG:		3,700 mt per year
•	Fine Products from SPG milling:		3,800 mt per year

Phase II: The feedstock processing capacity of the Project is anticipated to increase to approximately 35,200 mt per year in 2024. Upon completion of Phase II, after processing and purification, approximately 32,400 mt of two products will be available in the following quantities:

•	CSPG:		15,800 mt per year
•	Fine Products from SPG milling:		16,600 mt per year

PROJECT LOCATION

The property for the Project is located within the Lake Martin Regional Industrial Park, south of the town of Kellyton, in Coosa County, Alabama, and consists of approximately 73 acres. Please see our Press Release dated June 22, 2021, for more detail. The nearest large population center is Alexander City, which lies approximately 5 miles southeast of the Project site.

PROPRIETARY TECHNOLOGY

Westwater has been working with third-party technology providers and equipment suppliers to develop the processes for purifying graphite to 99.95% Cg and then processing that graphite into battery grade Coated Spherical Purified Graphite. The result has been a unique, environmentally safe process utilizing relatively low temperatures and readily available industrial reagents. Westwater believes that this process, for which WWR has made a patent application, is superior to processes used in China and elsewhere in terms of environmental safety. Phase I of the Project is designed to process 8,050 metric tons per year of graphite.

COMMUNITY BENEFITS

Construction and operation of the proposed Graphite Processing Facility is expected to result in a positive effect on the socioeconomic characteristics of the regional area. Westwater projects that the majority of beneficial effects will result from the employment of over 100 persons once the Project is in operation.

PROJECT EXECUTION SUMMARY

In the DFS, Samuel Engineering has developed a Level 2 execution schedule encompassing engineering, procurement, construction, and start-up of Phase I of the Project.

The total estimated timeframe for construction of Phase I is estimated to be 17 months, made up of the four overlapping components below:

Detailed Design
Procurement
Construction
Commissioning and Startup

ESTIMATE ACCURACY AND CONTINGENCY ANALYSIS

The estimate in the DFS has been developed to a level sufficient to assess/evaluate the Project’s concept, various development options and overall viability. After inclusion of the recommended contingency and excluding any scope changes, the capital cost estimate for Phase I is considered to have a level of accuracy in the range of -10% to +15%.

Contingency is an allowance to cover unforeseen costs that may arise during the execution of the Project, which reside within the scope-of-work but cannot be explicitly defined or described at the time of the estimate due to lack of more detailed information. It is assumed that contingency will be spent; however, it does not cover any Project scope changes or exclusions.

Within the DFS, the contingency allowance has been assessed by considering the quality of scope definition, takeoff quantities, and pricing obtained for each major commodity of the estimate. Each component is assigned a percentage rate based on the best judgment of the project team.

In recognition of the degree of detail on which the estimate is based, a contingency of 14.6% has been included in the capital cost estimate for both Phase I and II.

ECONOMIC EVALUATION

The economic viability of the Project was evaluated by developing an Economic Model ("Model"). The Model was prepared on an annual basis for the project duration which includes Phase I and Phase II of the Project.

Phase I consists of the Coosa plant producing 3,700 mt per year of CSPG, the subject of the DFS.
Phase II consists of an expanded plant producing 15,800 mt per year of CSPG (PFS Level estimate)

The Model incorporated the annual figures for the feed purchase, operating costs, revenues from the sale of graphite products, as well as the capital expenditures. Based on the input parameters, the Model calculates the annual pre-tax cash flows, Net-Present-Value (NPV) of the project based on 8% discount rate (NPV-8), and the Internal Rate of Return (IRR). Two cases were evaluated by the Model. In the first case, the Model only included the Phase I of the project. In the second case, the overall project economics were evaluated by adding Phase II to the Model. The results for both cases are summarized below:

Case I: Phase I only – This case assumes the Project has a capacity of using 8,050 mt natural graphite feedstock to produce approximately 3,700 mt CSPG per year will operate for 35 years.

Project Duration: 35 years
Pre-Tax NPV-8 percent: $119 million
IRR: 15%
Annual Pre-Tax Cash Flow (After the year 2025): $24 million per year
Project Pre-Tax Cash Flow: $656 million.

Case II: Phase I and II. The Model assumes that the capacity of plant will increase to 35,200 mt of feedstock to produce 15,800 mt per year of CSPG product. Also assumed are $464 million in Capital Costs for Phase II.

Project Duration: 35 years
Pre-Tax NPV-8 percent: $767 million
IRR: 20.5%
Average Annual Pre-Tax Cash Flow (After the year 2025): $129 million
Project Pre-Tax Cash Flow: $3.7 billion

About Westwater Resources Inc.

Cautionary Statement Regarding Forward-Looking Statements

(a) the Company’s ability to successfully construct and operate a commercial-scale plant capable of producing battery grade materials in quantities and on schedules consistent with the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Dorfner Anzaplan and Samuel Engineering, including the impact of COVID-19 and its potential impacts to the capital markets; (e) government regulation of the graphite industry and the vanadium industry; (f) world-wide graphite and vanadium supply and demand, including the supply and demand for energy storage batteries; (g) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including but not limited to Alabama and Colorado; (h) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) new litigation or arbitration; Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211011005691/en/

Contacts

Westwater Resources Inc.
Christopher M. Jones, President & CEO
Phone: 303.531.0480

Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
Email: Info@WestwaterResources.net

Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
Email: Sales@westwaterresources.net

Investor Relations
Porter, LeVay & Rose
Michael Porter, President
Phone: 212.564.4700
Email: Westwater@plrinvest.com

TORONTO, Oct. 08, 2021 (GLOBE NEWSWIRE) — Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”) is pleased to announce that Richard Parkhouse has been appointed as Executive Director responsible for Investor Relations with immediate effect.

CEO, Mark Frewin, stated that, “Richard has significant experience and background in investor relations from his past career in investment banking and asset management and is perfectly placed to spearhead this role.”

With its fully permitted Valencia Mining Licence, Forsys is intent on capitalizing on the recent positive market sentiment in the uranium sector, by updating its feasibility study and advancing the development of its wholly-owned Norasa Uranium Project in Namibia. In connection with this goal Forsys is focused on enhancing its investor communication strategies.

Also, Richard will be attending the annual Red Cloud Octoberfest virtual Conference from Monday October 18^th to Wednesday October 20, 2021 where he will be presenting “The Forsys Corporate Opportunity” on Tuesday 19^th October at 11am ET and will be available on October 19^th for 1×1 meetings between 9am ET and 5pm ET.

Investors register: https://www.redcloudfs.com/oktoberfest2021/

About Forsys Metals Corp.
Forsys Metals Corp. is a uranium focused development company with 100% ownership of the Norasa project that comprises the Valencia and Namibplaas uranium projects in Namibia, Africa a politically stable and mining friendly jurisdiction. Information regarding current National Instrument 43-101 compliant Resource and Reserves at Valencia and Namibplaas are available on the Company website forsysmetals.com.

On behalf of the Board of Directors of Forsys Metals Corp. Richard Parkhouse, Director, Investor Relations.

For additional information please contact:

Richard Parkhouse
Director, Investor Relations

email: rparkhouse@forsysmetals.com
email: info@forsysmetals.com
Phone: +44 (0) 7730 493432

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We note that Toro Energy Limited (ASX:TOE) does have debt on its balance sheet. But the more important question is: how much risk is that debt creating?

What Risk Does Debt Bring?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. If things get really bad, the lenders can take control of the business. However, a more common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. Of course, plenty of companies use debt to fund growth, without any negative consequences. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

See our latest analysis for Toro Energy

What Is Toro Energy's Net Debt?

You can click the graphic below for the historical numbers, but it shows that Toro Energy had AU$10.0m of debt in June 2021, down from AU$15.0m, one year before. But on the other hand it also has AU$12.4m in cash, leading to a AU$2.38m net cash position.

How Healthy Is Toro Energy's Balance Sheet?

According to the last reported balance sheet, Toro Energy had liabilities of AU$10.8m due within 12 months, and liabilities of AU$5.8k due beyond 12 months. On the other hand, it had cash of AU$12.4m and AU$223.5k worth of receivables due within a year. So it can boast AU$1.76m more liquid assets than total liabilities.

This state of affairs indicates that Toro Energy's balance sheet looks quite solid, as its total liabilities are just about equal to its liquid assets. So while it's hard to imagine that the AU$109.1m company is struggling for cash, we still think it's worth monitoring its balance sheet. Succinctly put, Toro Energy boasts net cash, so it's fair to say it does not have a heavy debt load! When analysing debt levels, the balance sheet is the obvious place to start. But it is Toro Energy's earnings that will influence how the balance sheet holds up in the future. So when considering debt, it's definitely worth looking at the earnings trend. Click here for an interactive snapshot.

Since Toro Energy doesn't have significant operating revenue, shareholders must hope it'll sell some fossil fuels, before it runs out of money.

So How Risky Is Toro Energy?

We have no doubt that loss making companies are, in general, riskier than profitable ones. And we do note that Toro Energy had an earnings before interest and tax (EBIT) loss, over the last year. And over the same period it saw negative free cash outflow of AU$6.4m and booked a AU$6.5m accounting loss. But at least it has AU$2.38m on the balance sheet to spend on growth, near-term. Even though its balance sheet seems sufficiently liquid, debt always makes us a little nervous if a company doesn't produce free cash flow regularly. The balance sheet is clearly the area to focus on when you are analysing debt. However, not all investment risk resides within the balance sheet – far from it. We've identified 4 warning signs with Toro Energy (at least 1 which doesn't sit too well with us) , and understanding them should be part of your investment process.

Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today.

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

VANCOUVER, BC, Oct. 7, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") announces that it intends to implement a warrant exercise incentive program (the "Incentive Program"). The Company has applied for TSX Venture Exchange (the "TSXV") approval for the Incentive Program.

As announced on October 23, 2019, the Company completed a private placement offering of 5,793,333 units ("Units") at a subscription price of $0.15 per Unit. Each unit was comprised of one common share and one common share purchase warrant for two years at $0.25 from the date of issuance (the "Placement Warrants"). All of the Placement Warrants remain outstanding expiring October 23, 2021 (the "Expiry Date").

The Incentive Program will commence on the date of receipt of conditional acceptance by the TSXV and will expire at 4:00 p.m. (Vancouver time) on the Expiry Date (the "Incentive Period"). If the Placement Warrant holder exercises the Placement Warrants, the Placement Warrant holder will receive one additional warrant (an "Incentive Warrant") in consideration of the exercise of each Placement Warrant. Each Incentive Warrant will be exercisable to acquire one common share of the Company at a price of $0.35 per share for a period of three years from the date of issuance. The Company believes this will give existing Placement Warrant holders the right incentive to exercise their Placement Warrants. The Incentive Warrants and any shares issued upon the exercise of the Incentive Warrants will be subject to a hold period expiring four months plus one day after the date of distribution of the Incentive Warrants.

In the event a Placement Warrant holder determines not to participate in the Incentive Program, then the Placement Warrants will expire on October 23, 2021.

A portion of the Placement Warrants, eligible for participation in the Incentive Program, are held by insiders of the Company. Participation by any such insiders in the Incentive Program may constitute a related party transaction pursuant to Multilateral Instrument 61-101 – Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation requirement pursuant to subsections 5.5(a) and (b) of MI 61-101, and from the minority approval requirement pursuant to subsection 5.7(1)(a) of MI 61-101

The Company is not aware of any potential new insider position that would be created upon the exercise of the Placement Warrants nor Incentive Warrants.

There are no guarantees of TSXV approval and the Company will provide further details on the manner by which Placement Warrant holders may exercise their Placement Warrants under the Incentive Program if TSXV approval is granted.

The Company intends to use the proceeds from the exercise of any Placement Warrants for working capital and exploration on its properties in Argentina.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director

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

FORWARD LOOKING STATEMENTS: Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the Company's ability to execute and implement its future plans. The actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, except as may be required by applicable securities laws.

Cision

View original content:https://www.prnewswire.com/news-releases/blue-sky-uranium-announces-warrant-exercise-incentive-program-301395660.html

SOURCE Blue Sky Uranium Corp.

Cision

View original content: http://www.newswire.ca/en/releases/archive/October2021/07/c9443.html

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

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

View our latest analysis for Cameco

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

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

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

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

What About Dividends?

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

A Different Perspective

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

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

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

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, Oct. 06, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce that partner company Valor Resources Limited (“Valor”) has provided an update on results from the recently completed on-ground field program at the Hook Lake Project. Following the on-ground field program that concluded in August and the subsequent reporting of high-grade uranium assay results, planning of a follow-up drill program is underway.

Hook Lake (Formally North Falcon Point) Project:
https://skyharbourltd.com/_resources/projects/Falcon-Point-Project.jpg

Highlights:

Planning of diamond drilling program at Hook Lake Project well advanced
All necessary permits in place for diamond drilling program to commence
Drilling to test at depth and along strike from historical trench at Hook Lake / Zone S Prospect where recent surface sampling returned assays of up to 59.2% U3O8, 5.05% TREO, 507g/t Ag and 14.5% Pb
Diamond drilling to also test targets at West Way Prospect
Drilling set to commence in December 2021 with a program of at least 2,500m proposed
Project Geologist seconded from Dahrouge Geological Consulting

Upcoming Drill Program and Geological Summary:

The diamond drilling program will be primarily focused on the area around the historical trench at the Zone S prospect where recent sampling by Valor returned assays of (see news release dated August 31^st, 2021):

59.2% U3O8, 499g/t Ag, 5.05% TREO, 14.4% Pb (Float sample)
57.4% U3O8, 507g/t Ag, 3.68% TREO, 14.5% Pb (Rock Chip sample)
46.1% U3O8, 435g/t Ag, 2.88% TREO, 8.8% Pb (Rock Chip sample)
6.92% U3O8, 0.81% TREO, 2% Pb (Rock Chip sample)
6.42% U3O8, 1.17% TREO, 1.8% Pb (Rock Chip sample)

*TREO = Total Rare Earth Oxides = La₂O₃, CeO₂, Pr₆O₁₁, Nd₂O₃, Sm₂O₃, Eu₂O₃, Gd₂O₃, Tb₄O₇, Dy₂O₃, Ho₂O₃, Er₂O₃, Yb₂O₃, Y₂O₃

All necessary permits for the drilling program have been granted by the Saskatchewan Ministry of Environment and all relevant stakeholders including First Nations communities are being contacted regarding the upcoming program. The drilling will be helicopter supported thereby reducing the environmental impact on the area.

Valor’s Executive Chairman Mr. George Bauk stated: “Following on from the results published in August 2021 and desktop reviews being undertaken, we are pleased to be finalising the upcoming drill program scheduled for December. We will be targeting three key areas to begin with and look forward to the results as they come to hand. Over the past month with the increase in the spot uranium price we have seen an unprecedented land grab in the Athabasca Basin. Most of the Basin has been pegged which highlights the excitement and prospectively of this area. We have seven projects in and around the Basin that demand exploration attention.”

Final drill hole locations are currently being determined with historical drilling data being digitised and compiled and integrated into a 3D geological model over the Zone S target area. The Hook Lake high-grade uranium (and rare earth) mineralisation is interpreted to be located at a dilational trap/jog which has formed at the intersection of a northeast-southwest trending shear zone and a possible north-south trending structure (potentially a re-activated Tabbernor fault structure). Besides the downdip and down-plunge potential of the immediate Hook Lake target, there is potential for further structural targets of this nature along strike to the northeast and southwest from the Hook Lake prospect.

Drilling is planned to commence in December with an expected program of 10-15 drill holes for a total of around 2,500m – 4,500m. Drilling will also test targets at the West Way prospect where recent surface sampling by Valor returned assays of up to 0.64% U3O8 and 3.4% Mo (previously reported in the August 31^st, 2021 news release).

The on-ground technical team in Canada has been boosted by the secondment of a full-time geologist from Dahrouge Geological Consulting from October for a period of at least 3 months. In addition, an Australian based geoscience consulting group, Terra Resources, has been contracted to provide geophysical services to Valor with particular emphasis on the Athabasca projects. Terra will also be carrying out historical data compilation for all the Company’s projects in the Athabasca, starting with the Hook Lake Project, capturing this data in a digital format, then integrating with other geoscientific data sets to develop 3D geological models and targets.

Other ongoing work for the Hook Lake Project is the mineralogical characterisation study of the high-grade uranium and REE samples from the Zone S prospect. Work is to be carried out by the Saskatchewan Research Council (SRC) Geoanalytical Laboratories which will include QEMSCAN Mineralogical analysis.

The Hook Lake Project consists of 16 contiguous mining claims covering 25,846 hectares, located 60 km east of the Key Lake Uranium Mine in northern Saskatchewan. Skyharbour signed a Definitive Agreement with Valor Resources on the Hook Lake 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 of 233,333,333 shares of Valor.

About Hook Lake (previously North Falcon Point) Project:

Valor has the right to earn an 80% working interest in the Hook Lake Uranium Project located 60 km east of the Key Lake Uranium Mine in northern Saskatchewan. Covering 25,846 hectares, the 16 contiguous mineral claims host several prospective areas of uranium mineralization including:

Hook Lake / Zone S – High-grade surface outcrop with reported grades in grab samples up to 68% U₃O₈; a bio-geochemical survey carried out over the trenches in 2015 responded positively with along-strike anomalies 2 km to the northeast
Nob Hill – Fracture-controlled vein-type uranium mineralization on surface outcrop with up to 0.130% – 0.141% U₃O₈ in grab samples; diamond drilling intersected anomalous uranium in several drill holes with values up to 422 ppm U over 0.5 m
West Way – Vein type U mineralization within a NE-trending shear zone; grab samples taken from the surface showing contained variable uranium values including up to 0.475% U₃O₈ and drilling of the structure intersected the altered shear zone at depth, along with anomalous Cu, Ni, Co, As, V, U, & Pb
Grid T – Fracture-hosted secondary uranium mineralization in sheared calc-silicates and marbles in a 100 m x 20 m zone of anomalous radioactivity with grab samples having up to 800 ppm U
Alexander Lake Boulder Field – 30 biotite-quartz-k-feldspar pegmatite boulders NE of Alexander Lake; the best results include 360 ppm U, 1,400 ppm U and 1,600 ppm U respectively
Thompson Lake Boulder Field – Numerous radioactive boulders and blocks of pegmatized meta-arkose, pegmatite, and granite; the best value obtained was 738 ppm U from a granite boulder
NE Alexander Lake – Several calc-silicate, plagioclase-quartz granulite, quartzite, and meta-arkose boulders with up to 4,800 ppm U, 7,600 ppm Mo and 1,220 ppm Ni

The project area is in close proximity to two all-weather northern highways and grid power. Historical exploration has consisted of airborne and ground geophysics, multi-phased diamond drill campaigns, detailed geochemical sampling and surveys, and ground-based prospecting culminating in an extensive geological database for the project area.

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 Valor Resources Ltd:

Valor Resources Limited (ASX: VAL) is an exploration company focused on creating shareholder value through acquisitions and exploration activities.

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 250,000 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% U₃O₈over 1.5 metres at a vertical depth of 265 metres. The Company is actively advancing the project through drill programs.

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 U₃O₈at 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:
Riley Trimble
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.

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

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

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

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

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

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

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

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

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

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

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

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TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

KELOWNA, BC, Oct. 5, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that President and CEO, Ross McElroy, will present at the TD Securities Virtual Uranium Roundtable on October 7, 2021. Mr. McElroy will provide an update on Fission's resource expansion program and the on-going feasibility study for the Company's high-grade, near surface uranium project in Saskatchewan.

Fission Uranium Corp. Logo (CNW Group/Fission Uranium Corp.)

Event Details

Event: TD Securities Virtual Uranium Roundtable
Date: October 7, 2021
Fission Presentation: Thursday, October 7, 2021 at 2:10pm ET
Company Webcasting Link: Fission Presentation
Location: Virtual Conference

About Fission Uranium
Fission Uranium Corp. is a Canadian based resource company specializing in the development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit. The Company is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the Toronto Stock Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

ON BEHALF OF THE BOARD

" Ross McElroy "

Ross McElroy, President & CEO

Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: risks related to the Offering, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

SOURCE Fission Uranium Corp.

Cision

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For Immediate Release

Chicago, IL – October 5, 2021 – Stocks in this week’s article are Ternium S.A. TX, Centrus Energy Corp. LEU and Sanderson Farms, Inc. SAFM.

3 Top-Ranked Efficient Stocks to Enrich Your Portfolio

Efficiency level measures a company’s capability to transform available input into output and is often considered an important parameter for gauging a company’s potential to make profits. One must consider popular efficiency ratios while selecting stocks. These are the efficiency ratios:

Inventory Turnover: The ratio of 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low inventory level compared to COGS, a low value indicates that the company is facing declining sales, which resulted in excess inventory.

Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.

Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.

Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.

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

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

VANCOUVER, BC, Oct. 5, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") announces that, further to its news release dated September 29, 2021, it has issued 1,666,714 common shares in the capital of the Company (each, a "Share"), at a deemed issue price of $0.2063 per Share, in settlement of drilling services totaling $343,843.20.

Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.)

The Shares are subject to a four month hold period expiring on February 2, 2022 required pursuant to the policies of the TSX Venture Exchange.

About Blue Sky Uranium Corp.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director

Cision

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SOURCE Blue Sky Uranium Corp.

Cision

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Drill Hole DD21ES15C significantly exceeds previous results: 77 m at 2.95 g/t 2PGE+Au from surface, incl. 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 29.7 m

VANCOUVER, British Columbia, Oct. 04, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on metallurgy at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“We are very encouraged by confirmatory drill core assay results from the Esbarro and Curiu PGE deposits, which returned impressive, high-grade palladium-platinum through broad intercepts from surface,” stated ValOre’s VP of Exploration, Colin Smith. “In addition, we welcome metallurgist Chris Kaye to the ValOre team, whose extensive experience will help accelerate the advancement of the Pedra Branca Project.”

Key Updates on Metallurgical Drilling, Testwork and Personnel:

Ten HQ-size core drill holes totaling 591 metres (“m”) at the Curiu and Esbarro PGE deposit areas were completed, logged, sampled and assayed prior to planned metallurgical testwork;
All 10 drill holes confirmed the historically reported geology and returned high-grade, shallow PGE-mineralized intercepts including:
- 77 m at 2.95 g/t 2PGE+Au from surface, incl. 45 m at 4.76 g/t 2PGE+Au, 0.1 g/t Rh from 16 m, and 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 30 m in drill hole DD21ES15C
- 49 m at 2.03 g/t 2PGE+Au from 19 m, incl. 4.6 m at 11.94 g/t 2PGE+Au, 0.25 g/t Rh from 23.68 m in Drill hole DD21CU12A
- 77 m at 1.01 g/t 2PGE+Au from surface in drill hole DD21PBE30A
- 47 m at 1.51 g/t 2PGE+Au from surface in drill hole DD21CU12A;
Highly experienced metallurgist, Chris Kaye, has been engaged to oversee the current and future testwork campaigns;
Metallurgical testwork program at ALS Metallurgy Kamloops (“ALS”) expected to commence mid-October, with a primary focus on mineralogy and conventional processing circuits;
Composite samples have been selected and shipped.

*Reported core assay interval lengths are estimated to represent 95-100% true width

2021 Metallurgical Drill Program

Ten HQ-size core drill holes (totaling 591 m) were completed to provide PGE mineralized material for planned metallurgical testwork. Six holes (378 m) were drilled into the Esbarro deposit (394,000 ounces 2PGE+Au contained in an inferred resource of 9.9 million tonnes (“Mt”) grading 1.23 g/t 2PGE+Au), and four holes (213 m) were drilled into the Curiu deposit (1.6 Mt grading 1.93 g/t 2PGE+Au, containing 100,000 ounces).

All drill holes confirmed the historically reported mineralized ultramafic (“UM”) intrusion and returned broad, shallow, high-grade 2PGE+Au intercepts. See Table 1 below for a complete table of drill core assays and CLICK HERE for a map of the metallurgical drill hole locations at Esbarro and Curiu (Figure 1).

Table 1: Drill Core 2PGE+Au Assays from the 2021 Metallurgical Drill Program

Deposit	Hole ID	From (m)	To (m)	Length (m)	Au (g/t)	Pd (g/t)	Pt (g/t)	2PGE+Au (g/t)	Summary Interval
Esbarro	DD21ES15C	0.00	77.00	77.00	0.04	2.06	0.85	2.95	77 m at 2.95 g/t 2PGE+Au from surface incl. 45 m at 4.76 g/t 2PGE+Au, 0.1 g/t Rh from 16 m and 6.4 m at 16.92 g/t 2PGE+Au 0.52 g/t Rh from 30 m
		16.00	61.00	45.00	0.04	3.33	1.38	4.76
		29.65	36.00	6.35	0.10	11.66	5.17	16.92
Esbarro	DD21PBE30A	0.00	77.00	77.00	0.05	0.64	0.32	1.01	77 m at 1.01 g/t 2PGE+Au from surface incl. 13 m at 2.71 g/t 2PGE+Au from 36 m and 2.7 m at 7.82 g/t 2PGE+Au, 0.18 g/t Rh from 37 m
		36.03	49.00	12.97	0.02	1.79	0.91	2.71
		36.69	39.36	2.67	0.04	5.19	2.58	7.82
Esbarro	DD21RW005A	0	56.12	56.12	0.01	0.73	0.39	1.13	56 m at 1.13 g/t 2PGE+Au from surface incl. 17 m at 2.38 g/t 2PGE+Au from 17 m and 1.3 m at 12.96 g/t 2PGE+Au from 17 m
		16.77	33.64	16.87	0.02	1.61	0.75	2.38
		16.77	18.08	1.31	0.03	9.41	3.52	12.96
Esbarro	DD21PBE17A	0.00	31.34	31.34	0.01	1.48	0.45	1.95	31 m at 1.95 g/t 2PGE+Au from surface incl. 18 m at 3.14 g/t 2PGE+Au from surface
Esbarro	DD21PBE17A	0.00	17.81	17.81	0.01	2.45	0.68	3.14
Esbarro	DD21ES13A	0.00	32.33	32.33	0.04	0.78	0.27	1.10	32 m at 1.10 g/t 2PGE+Au from surface incl. 21 m at 1.47 g/t 2PGE+Au from surface and 6.0 m at 2.80 g/t 2PGE+Au from surface
		0.00	21.00	21.00	0.06	1.10	0.31	1.47
		0.00	6.00	6.00	0.12	2.15	0.54	2.80
Esbarro	DD21PBE35A	9.54	42.00	32.46	0.01	0.62	0.39	1.03	32 m at 1.03 g/t 2PGE+Au from 9.5 m incl. 16 m at 1.67 g/t 2PGE+Au from 15 m
Esbarro	DD21PBE35A	15.00	31.00	16.00	0.01	1.02	0.64	1.67
Curiu	DD21CU12A	18.97	68.18	49.21	0.06	1.25	0.72	2.03	49 m at 2.03 g/t 2PGE+Au from 19 m incl. 4.6 m at 11.94 g/t 2PGE+Au, 0.25 g/t Rh from 24 m
Curiu	DD21CU12A	23.68	28.25	4.57	0.12	7.77	4.06	11.94
Curiu	DD21CU26A	0.00	17.80	17.80	0.14	2.46	1.70	4.30	18 m at 4.30 g/t 2PGE+Au from surface
Curiu	DD21CU22A	0.00	47.00	47.00	0.06	0.86	0.59	1.51	47 m at 1.51 g/t 2PGE+Au from surface incl. 8.0 m at 4.47 g/t 2PGE+Au from surface and 2.5 m at 3.89 g/t 2PGE+Au from 28 m
		0.00	8.00	8.00	0.16	2.31	2.00	4.47
		27.80	30.30	2.50	0.10	2.73	1.06	3.89
Curiu	DD21CU15A	0.00	37.00	37.00	0.05	1.00	0.65	1.70	37 m at 1.70 g/t 2PGE+Au from surface incl. 5.9 m at 5.30 g/t 2PGE+Au from 1.0 m
Curiu	DD21CU15A	1.00	6.85	5.85	0.12	2.79	2.40	5.30

*Reported core assay interval lengths are estimated to represent 95-100% true width

ALS Metallurgy Testwork Program

The ALS testwork program will comprise a detailed mineralogical assessment and conventional flotation tests on a composite sample of ¼ HQ drill core from the Curiu deposit. A Particle Size Analysis (“PSA”) study will be performed prior to the mineralogical assessment, and subsequent rougher floatation, Davis Tube and magnetic separation rougher tests will be completed. Assays will be taken on the heads, fractions, and final test products to assess metallurgical recoveries.

Historical metallurgical testing of material from the Pedra Branca project has involved assessing a range of different processing alternatives, including conventional treatment such as grinding, and flotation as it relates to alterations and material types. This testwork has produced a valuable insight into the metallurgical response of the different material types associated with the project; particularly with respect to the Curiu material. The ALS metallurgical testwork program is designed to leverage from this historical testing and incorporate mineralogical assessment of rock types while evaluating modifications to the processing route and optimizing the treatment criterion developed to date.

About ALS Metallurgy Kamloops

ALS has established a reputation as a leader in process development, circuit optimization and mineralogical analysis. As the global leader in metallurgical testing and consulting services for mineral process flowsheet development and optimization, ALS offers mineral processing testing by both bench scale and pilot scale facilities, hydrometallurgical and mineralogical test services, and project management by expert metallurgists.

CLICK HERE for more information regarding ALS Metallurgy Kamloops.

Chris Kaye, Metallurgist

ValOre will draw on the experience of metallurgist, Chris Kaye (President & Principal Process Engineer of Mine and Quarry Engineering Services Inc., “MQes”), to oversee current and future metallurgical testwork programs for Pedra Branca. Chris has over 35 years’ experience in mining and mineral processing, working with operating mines, engineering companies and consulting companies. He has expertise in PGEs, Gold, Silver, Copper, Nickel, Lead, Zinc and Aluminum projects in Australia, Finland, Canada, Zambia, Argentina, Chile, Mexico and the USA, with extensive experience in project development, managing plants, and developing “green-field” projects.

CLICK HERE for more information regarding MQes.

Quality Control/Quality Assurance (“QA/QC”) and Grade Interval Reporting

CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.

Qualified Person (QP)

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

About ValOre Metals Corp.

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

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

The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares (138,339 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

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

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

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

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

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

NYSE American Symbol – UEC

CORPUS CHRISTI, Texas, Oct. 4, 2021 /CNW/ – Uranium Energy Corp. (NYSE American: UEC) ("UEC" or the "Company") invites investors and shareholders to attend the Company's presentation at the TD Securities Virtual Uranium Roundtable on Thursday, October 7, 2021, at 3:10 PM ET.

Interested investors can register to attend UEC's live webcast on October 7^th via the TD Virtual Uranium Roundtable registration link: https://bit.ly/3zEAR2F

The presentation recording will be made available on the company's website for 90 days after the conference.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly In-Situ Recovery (ISR) mining uranium projects. In South Texas, the Company's hub-and-spoke operations are anchored by our fully-licensed Hobson Processing Facility which is central to our Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the Company's diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the Company owns one of the largest and highest-grade ferro-titanium deposits in the world. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

Cision

View original content:https://www.prnewswire.com/news-releases/uranium-energy-corp-to-present-at-the-td-virtual-uranium-roundtable-301391463.html

SOURCE Uranium Energy Corp

Cision

View original content: http://www.newswire.ca/en/releases/archive/October2021/04/c4951.html

Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (the "Company" or "GoviEx"), today announced that its CEO, Daniel Major, will present at the TD Securities Virtual Uranium Roundtable on Thursday, October 7, 2021 at 11:05am EST. The presentation will consist of a 15-minute formal description of the Company and its financial position, followed by a 10-minute Q&A session. GoviEx welcomes stakeholders, investors, and other individual followers to attend this live event by registering here: https://bit.ly/3iw6CFu

About GoviEx Uranium Inc.
GoviEx (TSXV: GXU) (OTCQB: GVXXF), is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.

Contact Information
Isabel Vilela
Head of Investor Relations and Corporate Communications
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com

Cautionary Note to United States Persons: The disclosure contained herein does not constitute an offer to sell or the solicitation of an offer to buy securities of GoviEx Uranium Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98499

The Winning Strategy

In addition to the above-mentioned ratios, we have added a favorable Zacks Rank — Zacks Rank #1 (Strong Buy) — to the screen intending to make this strategy more profitable. You can see the complete list of today’s Zacks #1 Rank stocks here.

Operating Margin, Asset Utilization, Inventory Turnover and Receivables Turnover greater than industry average.

(Values of these ratios higher than industry averages may indicate that the efficiency level of the company is higher than its peers.)

The use of these few criteria narrowed down the universe of more than 7,906 stocks to 17.

Here are the top three stocks that made it through the screen:

Ternium S.A. TX is the leading producer of flat and long steel products in Latin America. It has an average four-quarter earnings surprise of 77.1%.

Centrus Energy Corp. LEU is a supplier of enriched uranium fuel for commercial nuclear power plants. It has an average four-quarter earnings surprise of 231.8%.

Sanderson Farms, Inc. SAFM is a poultry processing company that produces, processes, markets and distributes fresh and frozen chicken products. It has an average four-quarter earnings surprise of 496.3%.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

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

Click here to sign up for a free trial to the Research Wizard today.

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

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that due to additional demand from investors, the Company's non-brokered private placement announced on September 17, 2021 of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") has been increased for gross proceeds of up to $3,100,000 (the "Offering"). The Offering will be available to Canadian and international accredited investors. Red Cloud Securities Inc. of Toronto, Ontario, has agreed to act as a finder for ALX for the Offering.

Up to 13,333,333 FT Units are offered at a price of $0.105 per FT Unit consisting of one flow-through common share and one half of one non flow-through common share purchase warrant, and up to 17,894,736 NFT Units are offered at a price of $0.095 per NFT Unit consisting of one common share and one common share purchase warrant. One whole common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering. One common share purchase warrant from the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering.

Finder's fees will be payable to Red Cloud and other qualified finders in connection with the Offering consisting of 7.0% cash and 7.0% finder's warrants, with each finder's warrant exercisable at price of $0.095 for a period expiring 24 months following the closing date of the Offering. All the securities issuable will be subject to a four-month hold period from the date of closing, which is expected to occur on or about October 8, 2021.

Proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan uranium and gold properties, and on its Ontario nickel and copper properties. Proceeds from the sale of NFT Units will be used for general working capital.

About ALX

ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project and the Javelin-McKenzie Lake Uranium Project.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages), and in the Draco VMS Project in Norway.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com

On Behalf of the Board of Directors of ALX Resources Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98540

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

About Red Pine Exploration Inc.

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

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

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

Or contact:

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

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

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

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

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

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

10 Hyper-Growth Stocks to Be Careful of as We Near a Correction

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

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

That’s the pitch. Here are the picks:

Cameco (NYSE:CCJ)
Uber Technologies (NYSE:UBER)
Marathon Oil (NYSE:MRO)

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

Stocks to Buy: Cameco (CCJ)

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

Source: The thinkorswim® platform from TD Ameritrade

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

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

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

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

Uber Technologies (UBER)

Source: The thinkorswim® platform from TD Ameritrade

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

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

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

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

10 Hyper-Growth Stocks to Be Careful of as We Near a Correction

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

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

Stocks to Buy: Marathon Oil (MRO)

Marathon Oil (MRO) stock chart with bullish breakout.

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

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

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

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

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

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

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

More From InvestorPlace

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

For many, the main point of investing in the stock market is to achieve spectacular returns. While the best companies are hard to find, but they can generate massive returns over long periods. To wit, the Energy Fuels Inc. (TSE:EFR) share price has soared 345% over five years. This just goes to show the value creation that some businesses can achieve. In more good news, the share price has risen 30% in thirty days.

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

Check out our latest analysis for Energy Fuels

With just US$1,679,000 worth of revenue in twelve months, we don't think the market considers Energy Fuels to have proven its business plan. So it seems shareholders are too busy dreaming about the progress to come than dwelling on the current (lack of) revenue. For example, they may be hoping that Energy Fuels finds fossil fuels with an exploration program, before it runs out of money.

As a general rule, if a company doesn't have much revenue, and it loses money, then it is a high risk investment. There is almost always a chance they will need to raise more capital, and their progress – and share price – will dictate how dilutive that is to current holders. While some such companies do very well over the long term, others become hyped up by promoters before eventually falling back down to earth, and going bankrupt (or being recapitalized). Of course, if you time it right, high risk investments like this can really pay off, as Energy Fuels investors might know.

Energy Fuels had cash in excess of all liabilities of US$53m when it last reported (June 2021). That's not too bad but management may have to think about raising capital or taking on debt, unless the company is close to breaking even. With the share price up 54% per year, over 5 years , the market is seems hopeful about the potential, despite the cash burn. The image below shows how Energy Fuels' balance sheet has changed over time; if you want to see the precise values, simply click on the image.

In reality it's hard to have much certainty when valuing a business that has neither revenue or profit. Given that situation, many of the best investors like to check if insiders have been buying shares. It's usually a positive if they have, as it may indicate they see value in the stock. You can click here to see if there are insiders buying.

A Different Perspective

We're pleased to report that Energy Fuels shareholders have received a total shareholder return of 287% over one year. That's better than the annualised return of 35% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example – Energy Fuels has 4 warning signs we think you should be aware of.

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

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

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

Calgary, Alberta–(Newsfile Corp. – October 1, 2021) – New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce that Greg Bay was elected to the Corporation's board of directors at the annual general meeting held on September 16, 2021. Mr. Bay is Managing Partner and Founder of Cypress Capital Management Ltd., a Canadian boutique money manager affiliated with AGF Management Ltd.

The Corporation also announces the grant of incentive stock options to acquire a total of 3,500,000 common shares of the Corporation to various directors, officers and consultants of the Corporation pursuant to the Corporation's stock option plan and subject to any regulatory approval. Each stock option, vests immediately and is exercisable at a price of $0.30 per share for a period of five years from the grant date.

Contact Information:

Jose Francisco Arata
Chief Executive Officer
jfarata@newstratus.energy

Wade Felesky
President
wfelesky@newstratus.energy

Mario Miranda
Chief Financial Officer
mmiranda@newstratus.energy

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98297.

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For Immediate Release

3 Top-Ranked Efficient Stocks to Enrich Your Portfolio

About Screen of the Week

Strong Stocks that Should Be in the News

The Winning Strategy

Stocks to Buy: Cameco (CCJ)

Uber Technologies (UBER)

Stocks to Buy: Marathon Oil (MRO)

More From InvestorPlace

A Different Perspective

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