Gold Archives - Page 9 of 39

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of Gold Resource Corporation (NYSE:GORO).

Gold Resource Corporation (NYSE:GORO) shareholders have witnessed a decrease in hedge fund sentiment of late. Gold Resource Corporation (NYSE:GORO) was in 6 hedge funds' portfolios at the end of March. The all time high for this statistic is 10. There were 7 hedge funds in our database with GORO positions at the end of the fourth quarter. Our calculations also showed that GORO isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 115 percentage points since March 2017 (see the details here). We have been able to outperform the passive index funds by tracking the moves of corporate insiders and hedge funds, and we believe small investors can benefit a lot from reading hedge fund investor letters and 13F filings.

David Nierenberg of Nierenberg Investment

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund owns nearly 40% of this $24 biotech stock and is trying to buy the rest for around $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind let's analyze the new hedge fund action encompassing Gold Resource Corporation (NYSE:GORO).

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

At Q1's end, a total of 6 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -14% from the fourth quarter of 2020. The graph below displays the number of hedge funds with bullish position in GORO over the last 23 quarters. With hedgies' capital changing hands, there exists a select group of key hedge fund managers who were adding to their stakes substantially (or already accumulated large positions).

More specifically, AQR Capital Management was the largest shareholder of Gold Resource Corporation (NYSE:GORO), with a stake worth $0.8 million reported as of the end of March. Trailing AQR Capital Management was Two Sigma Advisors, which amassed a stake valued at $0.4 million. Engineers Gate Manager, Citadel Investment Group, and Citadel Investment Group were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Nierenberg Investment Management allocated the biggest weight to Gold Resource Corporation (NYSE:GORO), around 0.03% of its 13F portfolio. Engineers Gate Manager is also relatively very bullish on the stock, designating 0.02 percent of its 13F equity portfolio to GORO.

Due to the fact that Gold Resource Corporation (NYSE:GORO) has experienced falling interest from the aggregate hedge fund industry, we can see that there lies a certain "tier" of hedge funds who sold off their full holdings in the first quarter. It's worth mentioning that Paul Marshall and Ian Wace's Marshall Wace LLP cut the biggest position of all the hedgies followed by Insider Monkey, totaling close to $0.4 million in stock, and David Harding's Winton Capital Management was right behind this move, as the fund sold off about $0.3 million worth. These moves are interesting, as total hedge fund interest was cut by 1 funds in the first quarter.

Let's now review hedge fund activity in other stocks similar to Gold Resource Corporation (NYSE:GORO). These stocks are Jowell Global Ltd. (NASDAQ:JWEL), Community Bankers Trust Corp. (NASDAQ:ESXB), Gencor Industries, Inc. (NASDAQ:GENC), Chemung Financial Corp. (NASDAQ:CHMG), Quad/Graphics, Inc. (NYSE:QUAD), OptiNose, Inc. (NASDAQ:OPTN), and Comstock Mining, Inc. (NYSE:LODE). This group of stocks' market valuations resemble GORO's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position JWEL,1,279,1 ESXB,6,19789,1 GENC,2,26276,-1 CHMG,3,8868,0 QUAD,10,9438,2 OPTN,10,6714,0 LODE,4,1097,0 Average,5.1,10352,0.4 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 5.1 hedge funds with bullish positions and the average amount invested in these stocks was $10 million. That figure was $2 million in GORO's case. Quad/Graphics, Inc. (NYSE:QUAD) is the most popular stock in this table. On the other hand Jowell Global Ltd. (NASDAQ:JWEL) is the least popular one with only 1 bullish hedge fund positions. Gold Resource Corporation (NYSE:GORO) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for GORO is 49.8. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 19.3% in 2021 through June 25th and beat the market again by 4.8 percentage points. Unfortunately GORO wasn't nearly as popular as these 5 stocks and hedge funds that were betting on GORO were disappointed as the stock returned -2.6% since the end of March (through 6/25) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as many of these stocks already outperformed the market since 2019.

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

VANCOUVER, BC, June 29, 2021 /CNW/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), along with its technological partner in the United States ("US Lab"¹), are pleased to announce that South Star has successfully produced uncoated and coated spherical purified graphite ("SPG") suitable for use as anode active material for lithium-ion batteries ("LiB").

"We are pleased to continue announcing robust battery testing results," commented Richard Pearce, President and CEO of South Star. "The thermal purification process resulted in 99.9993 wt % C without any of the environmental, health and worker safety issues associated with application of hydrofluoric and hydrochloric acids, which are the standard chemicals used in conventional processing of battery grade graphite. Excellent quality uncoated and coated SPG suitable for LiB anodes was produced. Our spherical graphite testing resulted in yields of approximately 74%, which is twice the standard industry yield. The results indicate we would be very cost competitive with a less costly micronization process and exceptional spherical graphite yields. The latest testing highlights the high-quality, high-purity and low-contaminate nature of South Star's concentrates for value-add and purified graphite products. We will now be constructing battery cells and performing long-term cycle testing and optimizations."

Micronization Test Results

Purified graphite was successfully micronized using advanced pilot scale mechanical milling system outfitted with two air classification circuits. The latter technology was found to be preferable over micronization in cascading air jet mills. Specifically, Santa Cruz flake has demonstrated nearly twice higher throughput rate during the mechanical grinding and sizing, as compared to sizing rate in an air-mill of the same nominal size. During sizing step, the size of flakes was reduced to a range of 25 to 30 microns prior to spheroidization. Geometries and shape factors are adjusted based on the battery cell manufacturer's requirements and the inherent physical characteristics of the graphite.

Mechanical milling was effective in sizing of its flake and resulted in higher throughput, which translates into lower cost for the same energy input. It should be noted that a reference sample of flake graphite from Madagascar was milled on the same mill concurrently. Santa Cruz flake material ground at 23% faster than the reference material processed on the same mill to similar particle size distribution.

Figure 1: Scanning Electron Microscopy Image of Micronized South Star Flake

Uncoated SPG Test Results

Once the target sizing geometries have been achieved, uncoated SPG was produced, the micronized graphite was rolled and rounded into elliptical spheres in a specialized mill. The elliptical shapes are a preferred morphology for higher active loading densities in batteries. They are also preferred due to better rate capacities, safer and generally longer-life LiBs.

The safety aspect of LiBs deserves a standalone comment. Passing criteria for spherical uncoated graphite is defined by the BET (Brunauer, Emmett and Teller) surface area value. The latter has to be less than 10 m²/g for graphite to be considered promising in anode applications. Many uncoated graphites struggle to deliver such a BET surface area and that requires the application of thick exterior coatings as a way to mitigate this issue. By contrast, Santa Cruz spheroidal flake was determined to have BET values of 6.7 m²/g, which is indicative of the fact that this material will require rather thin surface coatings to make a successful anode for LiBs. Moreover, as much as 47.11 wt % of spheronized Santa Cruz graphite was measured to have tap density in the range from 1.02 to 1.16 g/cm³. An additional 26.9 wt % of spheroidal particles was harvested with the tap density of 0.9 g/cm3, which is a passing criterion for LiBs. Therefore, a combined total of 74.01 wt% of useable uncoated spheroidal purified graphite was harvested in the process of spheroidization of Santa Cruz natural flake. In contrast, typical yields of spheroidal product synthesized in the cascade milling circuits by Asian manufacturers of spherical graphite are 35-40 wt % spheres. It is worth noting that higher yield is a prerequisite to the cost leadership position of Santa Cruz natural graphite on the worldwide markets of advanced graphite products.

Figure 2: Scanning Electron Micrograph of Spherical Graphite (Intermediate Product)

Coated SPG Test Results

Finally, uncoated SPG was coated with a nanolayer of soft carbon and heat treated under a blanket of inert gas. The hardened coating provides a layer of protection from exfoliation and general degradation during the normal expansion and contraction cycles associated with charging and discharging. The coating also reduces ongoing reactions of electrolytes with the graphitic carbon, which results in a reduced battery life. Coated SPG is the basic raw material used to generate battery anodes by casting the coated SPG onto copper foils.

For this round of testing a D50 of 18 microns of purified graphite was produced. Future testing will include optimization of particle size and determining the electrochemical performance of Santa Cruz graphite in the battery cell environment. The results of the Coated SPG testing indicate excellent physiochemical properties for high-quality LiB anode materials. A summary is presented in Table 1 and Figures 2 and 3, below:

Table 1: Coated SPG Summary Characteristics (D50 = 18 microns)

Tap Density	Scott Volume	Surface Area
(g/cc)	(g/cc)	m²/g
0.94	0.69	2.35

Figure 3: Coated SPG (D50 = 18 microns) Particle Size Distribution

Figure 4: Scanning Electron Micrographs of Coated SPG

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is Canadian Graphite developer focused on the selective acquisition and development of near-term production graphite projects in Brazil. South Star's Santa Cruz Graphite Project, located in Southern Bahia, and is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship.

To learn more, please visit the Company website at www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/

CAUTIONARY STATEMENT

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 press release.

This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

South Star Battery Metals Announces Positive Production of Battery Grade Coated Spherical Purified Graphite (CNW Group/South Star Mining Corp.)

Cision

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SOURCE South Star Mining Corp.

Cision

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There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Triton Minerals (ASX:TON) shareholders be worried about its cash burn? For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Triton Minerals

Does Triton Minerals Have A Long Cash Runway?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. Triton Minerals has such a small amount of debt that we'll set it aside, and focus on the AU$2.3m in cash it held at December 2020. In the last year, its cash burn was AU$2.6m. That means it had a cash runway of around 11 months as of December 2020. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. The image below shows how its cash balance has been changing over the last few years.

How Is Triton Minerals' Cash Burn Changing Over Time?

Triton Minerals didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. As it happens, the company's cash burn reduced by 9.8% over the last year, which suggests that management may be mindful of the risks of their depleting cash reserves. Admittedly, we're a bit cautious of Triton Minerals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For Triton Minerals To Raise More Cash For Growth?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for Triton Minerals to raise more cash in the future. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$37m, Triton Minerals' AU$2.6m in cash burn equates to about 7.0% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Triton Minerals' Cash Burn?

Even though its cash runway makes us a little nervous, we are compelled to mention that we thought Triton Minerals' cash burn relative to its market cap was relatively promising. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. Its important for readers to be cognizant of the risks that can affect the company's operations, and we've picked out 3 warning signs for Triton Minerals that investors should know when investing in the stock.

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

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

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

VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of April 28, 2021 regarding the Default Notice received from Pala Investments Ltd (“Pala”) and the subsequent Standstill Agreement entered into with Pala.

The Company announces that it has today entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the standstill period until September 30, 2021.

Furthermore, Melior has also today entered into a further amended demand promissory note (the “Amended Promissory Note”) with Pala extending the maturity of the loan from June 30, 2021 to September 30, 2021. All other terms of the Amended Promissory Note remain unchanged.

MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
info@meliorresources.com

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

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is ANGLO AMER ADR (NGLOY). NGLOY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 6.24, while its industry has an average P/E of 7.48. Over the past year, NGLOY's Forward P/E has been as high as 12.90 and as low as 5.75, with a median of 8.42.

We should also highlight that NGLOY has a P/B ratio of 1.70. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.22. Over the past 12 months, NGLOY's P/B has been as high as 2.04 and as low as 1.03, with a median of 1.49.

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

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To read this article on Zacks.com click here.

Extensive thickness (168m) of Sullivan Horizon fragmentals intersected with 7.6m of Sullivan muds containing disseminated zinc

TORONTO, ON / ACCESSWIRE / June 28, 2021 / PJX Resources Inc. ("PJX") (TSX VENTURE:PJX.V) is pleased to announce that drilling by DLP Resources ("DLP") on PJX's DD Property has intersected the most extensive thickness of the favourable geological horizon to host a Sullivan type deposit to date on the DD Property.

John Keating, President of PJX commented: "The extensive package of Sullivan-type fragmentals and Sullivan muds with significant finely disseminated zinc mineralization encountered in the recent hole DD21-02 support that drilling is heading in the right direction. We are pleased that results are encouraging and DLP plans to continue drilling to the northeast on PJX's DD Property and the jointly (PJX-DLP) owned and optioned Moby Dick and NZOU Properties, respectively. PJX's summer program is focused on gold exploration on PJX's 100% owned Gold Shear and other properties. More information about these programmes and gold targets with copper potential will be announced this summer."

Technical Information

Hole DD21-02 on PJX's DD property, 40km SW of Cranbrook, BC, has been completed to a depth of 1901.6m (Figures 1, 2, 3 and 4). Extensive thickness (168m) of fragmentals, part of the Sullivan Horizon, were intersected from 1705m with abundant pyrrhotite with hydrothermal alteration of secondary biotite and sericite + chlorite visible throughout. Finely laminated Sullivan horizon siltstone/argillite was intersected at the base of the fragmentals from 1861.24m to top of Lower Aldridge banded siltstones at 1873.31m. A 7.6m interval of the Sullivan siltstones/argillites with fine grained disseminated sphalerite (Zn,Fe)S and wispy bands of pyrrhotite was observed from 1861.24m to 1873.31m. Within this section there was a 2.92m interval with 0.16% Zn and 0.06% Pb from 1861.26m to 1864.18m. The highest values in this interval were 0.27% Zn, 0.11% Pb and 2.5ppm Ag (see Summary Table below).

Summary Table of Results for DD21-02

It is important to highlight that the 168m thickness of fragmentals and Sullivan muds with zinc mineralization at the base confirms that the vector towards the vent and possibly massive zinc mineralization is further to the NE. DD18-01-Ext drilled 1.3km SW of this hole intersected 126m of Sullivan Horizon sediments with no fragmentals and only trace zinc mineralization. It appears that the:

increased thickness of the Sullivan Horizon towards the NE in DD21-02;
confirmed NE-SW structural controls;
increasing amounts of zinc mineralization;
support of the MT (magnetotelluric) geophysical data indicating pyrrhotite as a possible source of the conductor in the 5000m x 500m trend (Figures 2 and 3), plus;
the fact the historic drill hole IR07-01 drilled 2300m to the east, intersected ~149m of moderately to highly hydrothermally altered Sullivan sediments at 1365m with up to 0.5% Zn and up to 0.3% Pb,

favour ongoing targeting of drill holes within the 5km x 0.5km trend previously highlighted in press release of December 03, 2020.

These highly conductive anomalies, seen in the MT data, are possibly related to pyrrhotite (iron sulphide) which we know is a key indicator for targeting Sullivan-type Zn-Pb-Ag mineralization. When we look at the footprint of the Sullivan deposit, it is clear we have a sizeable target area to host a significant mineralized system on the DD-Moby Dick and NZOU properties (Figure 4).

As mentioned in News Release December 3, 2020, drilling of PAN18-01-EX and relogging of historic holes Irish 05-01 and IR 07-01 still strongly supports the idea that the main conductive body of possible Sullivan-type Zn-Pb-Ag mineralization is between Pan 18-01-Ex, IR 07-01 and the Irish05-01 drill holes (Figures 1, 3 and 4).

DLP plans to drill the next three targets along this trend later this year.

Figure 1: Location of drill holes Pan-18-01-EX, DD21-01 and DD21-02 and other historic holes.

Figure 2:Titan MT resistivity section along Line 2N showing drill hole DD21-02

Figure 3:Titan MT resistivity plan at 0m elevation with DD21-02 on the main MT anomaly trend

Figure 4:Simplified plan showingMT anomalies at 0m elevation on the DD-Moby Dick and NZOU Properties and DD21-01 and DD21-02 drill holes

The geological disclosure and content of this news release has been reviewed and approved by Dave Pighin, P.Geo., and John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Pighin is the consulting geologist for PJX and DLP on the DD Property. Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

QA/QC

All core samples (NQ diameter) were cut with a diamond saw. One-half of the core was placed in numbered and sealed bags and sent via secure transport to MSA Laboratory in Langley, BC for sample preparation and analyses. Core samples were crushed down to 2 mm and a 250g split was pulverized to better than 85% passing 75µm. Gold analyses were conducted on 30g representative sample cuts using fire assay with an atomic absorption finish. Other sample cuts were subjected to a 4-acid digestion and analyzed for silver and an additional 47 elements using inductively coupled plasma mass spectrometry (ICP-MS). MSALabs is an ISO 9001 registered laboratory and has a quality control program in place which includes the insertion of standard, blank, and duplicate samples, as well as conducting repeat analyses.

DLP's QA/QC program includes the insertion of standards and blank material into the sample sequence with the normal core samples to monitor sampling variances, laboratory precision and accuracy.

DD, NZOU and Moby Dick Property Ownership

DLP can earn a 50% interest in the DD Property by spending $4 million in exploration expenditures on the DD, Moby Dick and NZOU Properties and paying $250,000 cash to PJX by July 13, 2024.

DLP can earn an additional 25% interest, to a total of 75% interest, in the DD Property by completing a Commercial Feasibility Study on the 3 properties by July 13, 2028.

PJX (50%) and DLP (50%) jointly own 100% of the mineral rights to the Moby Dick Property and jointly have the right to own 100% interest in the NZOU Property through an option agreement between DLP and the NZOU Property owner. Exploration expenditures incurred by DLP on these two properties will be applied toward DLP's exploration expenditure requirements to earn an interest in the DD Property.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold and base metals. PJX's gold properties (Gold Shear, Eddy, Zinger, Dewdney Trail) and base metal properties (Vine, DD, West Basin, Parker Copper) are located in the historical Sullivan mining district and Vulcan Gold Belt of Cranbrook and Kimberley, British Columbia. Please refer to our web site http://www.pjxresources.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com

Forward-Looking Information

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you can identify forward-looking statements by terminology such as "may", "appears to", "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 actual results, level 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 PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE: PJX Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/653163/PJX-Resources-Announces-Drilling-Results-on-the-DD-Property

Every investor in Resolute Mining Limited (ASX:RSG) should be aware of the most powerful shareholder groups. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.

Resolute Mining is a smaller company with a market capitalization of AU$569m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Resolute Mining.

Check out our latest analysis for Resolute Mining

What Does The Institutional Ownership Tell Us About Resolute Mining?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

Resolute Mining already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Resolute Mining's historic earnings and revenue below, but keep in mind there's always more to the story.

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Resolute Mining. Looking at our data, we can see that the largest shareholder is ICM Limited with 10% of shares outstanding. Van Eck Associates Corporation is the second largest shareholder owning 9.7% of common stock, and L1 Capital Pty. Limited holds about 6.4% of the company stock.

We did some more digging and found that 9 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of Resolute Mining

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our data suggests that insiders own under 1% of Resolute Mining Limited in their own names. But they may have an indirect interest through a corporate structure that we haven't picked up on. It has a market capitalization of just AU$569m, and the board has only AU$5.6m worth of shares in their own names. Many tend to prefer to see a board with bigger shareholdings. A good next step might be to take a look at this free summary of insider buying and selling.

General Public Ownership

With a 21% ownership, the general public have some degree of sway over Resolute Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example – Resolute Mining has 1 warning sign we think you should be aware of.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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

TORONTO, June 25, 2021–(BUSINESS WIRE)–Rupert Resources Ltd ("Rupert" or the "Company") announces that it has published its audited financial results for the twelve months ending February 28, 2021 and accompanying Managements Discussion and Analysis for the same period.

Both of the above have been posted on the Company’s website www.rupertresources.com and on Sedar at www.sedar.com.

During the 12 months ending February 28, 2021, the Company spent $14,637,057 (12 months ended February 29, 2020 – $9,571,101) on its exploration projects. As of February 28, 2021, Rupert held cash or cash equivalents of $21,724,305. The Company recorded a net loss and comprehensive loss for the year of $(7,343,327) (12 months ended February 29, 2020 – $(5,159,127)) and a net loss per share of $(0.05) (12 months ended February 29, 2020 – $(0.04)).

James Withall, Chief Executive Officer of Rupert Resources said, "Following the closing of the $48.7million financings earlier in June, Rupert’s work programmes are now fully funded for at least the next two years. Further funding beyond the forecast budget is anticipated from in-the-money options and warrants. We now have full visibility on our cash position and capital structure as we continue to derisk the Ikkari discovery whilst continuing our program to find deposits of scale in Northern Finland."

Operating Highlights

Discussion of Operations

During 2020/21 and up to the date of this document, Rupert’s operational activities have been entirely focussed on Pahtavaara and Hirsikangas, with the key focus being on Pahtavaara.

Pahtavaara, Northern Finland

Pahtavaara is comprised of a package of mining licences, exploration licences, claims and reservations for exploration totalling an area of 509 km² and held by wholly owned subsidiaries of the Company and including the mine at Pahtavaara (the "Pahtavaara Mine").

The work program at Pahtavaara is designed to identify and evaluate the mineral potential contained in the Pahtavaara Licence Area, including in the vicinity of the Pahtavaara Mine. Following completion in May 2020 of a circa 25,662m program (comprised of a 16,569m regional diamond drill campaign and a further 9,093m at the Pahtavaara Mine), in July 2020 Rupert commenced a 40,000 to 50,000m (subsequently increased to circa 60,000m) diamond drill program to further evaluate six new discoveries made in an area within the Pahtavaara licence package known as Area 1, as well as continuing to generate new targets.

Base of till sampling continues across the Pahtavaara Licence Area, with circa 16,935 samples collected to end May 2021 over geophysical anomalies of interest.

Further to completion of a 9,093 metre drill programme at the Pahtavaara mine in 2020, which inter alia identified high-grade, near surface plunging shoots, as well as potential extensions to mineralisation on the southern flank of the deposit, it was concluded that further drilling should be carried out prior to updating the Mineral Resource Estimate at the Pahtavaara Mine. As of mid-May 2021, 9131m of a planned diamond drill program of circa 10,000 metres had been undertaken from both surface and underground.

Financial Highlights

Rupert’s net loss totaled $7,343,327 for the 12 months ended February 28, 2021 with basic and diluted loss per share of $0.05. This compares with a net loss of $5,159,127 with basic and diluted loss per share of $0.04 for the 12 months ended February 29, 2020. No revenue was recorded in either period. As at February 28, 2021, the Company had cash and cash equivalents of $21,724,305 (February 29, 2020: $(14,313,403).

All references to currency in this press release are in Canadian dollars.

About Rupert

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "RUP". The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland ("Pahtavaara"). Pahtavaara previously produced over 420koz of gold and 474koz remains in an Inferred mineral resource (4.6 Mt at a grade of 3.2 g/t Au at a 1.5 g/t Au cut-off grade, see the technical report entitled "NI 43-101 Technical Report: Pahtavaara Project, Finland" with an effective date of April 16, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd., an independent qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects). The Company also holds a 100% interest in the Surf Inlet Property in British Columbia, a 100% interest in properties in Central Finland and a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which constitute "forward-looking statements", including Mineral Resource Estimates and operating performance and plans of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 28, 2021 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended February 28, 2021 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210625005453/en/

Contacts

James Withall
Chief Executive Officer
jwithall@rupertresources.com

Thomas Credland
Head of Corporate Development & Investor Relations
tcredland@rupertresources.com

Rupert Resources Ltd
82 Richmond Street East, Suite 203, Toronto, Ontario M5C 1P1
Tel: +1 416-304-9004

Web: http://rupertresources.com/

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, June 25, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) announces that it has elected to accelerate the expiry date of the common share purchase warrants issued on May 20, 2021 (the "Warrants").

As described in the filing statement of Collective dated May 12, 2021, if the closing price of the Company’s common shares (the “Common Shares”) on the TSX Venture Exchange (“TSXV”) equals or exceeds $2.60 for a period of 20 consecutive trading days (the "Acceleration Trigger"), the Company is entitled to accelerate the expiry date of the Warrants to the date that is not less than 30 trading days following the date notice of such acceleration (the "Acceleration Notice") is delivered to holders of Warrants. The Company will deliver today the Acceleration Notice to holders of Warrants indicating the Company's election to accelerate the expiry date of the Warrants to August 9, 2021 (the "Accelerated Expiry Date").

ANY WARRANTS THAT HAVE NOT BEEN EXERCISED BY 4:00 P.M. (TORONTO TIME) ON AUGUST 9, 2021 WILL AUTOMATICALLY BE CANCELLED.

Each whole Warrant entitles the holder to purchase one Common Share at a price of $2.00. If all Warrants are exercised, including previously exercised Warrants, proceeds to the Company will total approximately $15.5 million, however, there can be no assurance that any additional Warrants will be exercised prior to the Accelerated Expiry Date. Holders of Warrants who wish to exercise their Warrants should review the exercise requirements contained in the Acceleration Notice, and the certificate(s) evidencing their Warrants, and contact their legal and investment advisors before submitting the exercise form and any other applicable documentation to the Company. The contact details for the Company is 82 Richmond St. E., Toronto, Ontario M5C 1P1, Attn: Chief Financial Officer, e-mail: info@collectivemining.com.

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in early Q4, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in September 2021.

For further information, please contact:

Paul Begin, Chief Financial Officer
Collective Mining Ltd.
Telephone: (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements regarding cash proceeds to the Corporation following the Accelerated Expiry Date; proposed exploraiton plans on Collective’s properties; allocation of funds and expected benefits, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions, including those identified in the Collective’s Filing Statement dated May 12, 2021. A and other disclosure documents filed on and available on SEDAR at www.sedar.com. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

Toronto, Ontario–(Newsfile Corp. – June 24, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has granted incentive stock options to certain officers, directors, employees and/or consultants of the Corporation to purchase up to 5,300,000 common shares in the capital of the Company until June 24, 2026, at an exercise price of $0.18 per share. The incentive stock options were granted in accordance with the Company's Stock Option Plan.

About Maritime Resources Corp.

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

On Behalf of the Board:

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

For further information, please contact:

Tania Barreto, CPIR
Head of Investor Relations
1900-110 Yonge Street, Toronto, ON M5C 1T4
P. 416.365.5321
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward-Looking Statements:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88596

Toronto, Ontario–(Newsfile Corp. – June 23, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce positive results of the recent further test work aimed at confirming the use of sorting technology to reject waste rock dilution and improve the processed grade of mineral resources at the Hammerdown Gold Project ("Hammerdown" or "the Project"), in the Baie Verte mining district of Newfoundland and Labrador, Canada. The integration of sorting technology in the planned feasibility study for Hammerdown is expected to reduce the Company's environmental footprint and operating cost.

Maritime commissioned TOMRA in early 2021 to complete sorting tests using an X-Ray Transmission ("XRT") sensor on a bulk sample of approximately 6,500 kg, taken from mineralized sources on a number of veins at the Hammerdown deposit. After screening to remove the fine particles (-12.7mm), approximately 5,100 kg of sample was tested at TOMRA's test facility in Wedel, Germany. This is the fourth sorting test program conducted by Maritime for the Hammerdown Gold Project. Additional tests are underway for the Company's Orion deposit and are planned for the Whisker Valley Project.

Test Program Highlights

Test work was based on operating two XRT sorting machines in parallel, each processing separate size fractions of +12.7-38.0mm and +38.0-63.5mm, to concentrate the sulphide rich mineralization while rejecting the bulk of the dilution taken during the mining process.
Sorting performance for the +38.0-63.5mm material, grading approximately 11.2 gpt Au, returned a sorted product grading 22.9 gpt Au (104% increase) in only 47.1% of the mass with gold recovery of 96.6%.
Sorting performance for the +12.7-38.0mm material, grading approximately 11.8 gpt Au, returned a sorted product grading 19.5 gpt Au (65% increase) in only 59.0% of the mass with gold recovery of 97.2%.
Overall results on ~11.2 gpt Au feed material recombining the -12.7mm fine fraction, resulted in a final screened and sorted mill feed product grading 16.6 gpt Au in only 66% of the original mass with gold recovery of 97.7%.
Rejects (dilution) from the overall sorting process represented 34% of the overall feed with a grade of 0.7 gpt Au. This material would be backhauled to the mine for backfill and long-term closure.
Additional testing on 905 kg of lower grade variability composites grading 3.4 gpt Au returned a final product grading 5.3 gpt Au (56% increase) in only 55% of the mass with gold recovery of 86.3%. The rejected dilution aligned well with the bulk sample grade at an average of 0.7 gpt Au. A sample from the Wisteria zone was also tested with a feed grade of 2.6 gpt Au that returned a final product grading 4.6 gpt Au (77% increase) in only 49.0% of the mass with gold recovery of 85.0%, indicating that this zone responds to sorting similarly to the rest of the deposit.
The test work completed throughout 2019 and 2020 on numerous samples from Hammerdown has provided the Company with an excellent data set that affords confidence in the sorting performance predictions across a range of grades.

Operating and Environmental Benefits

Sorting is an innovative method of concentrating mineralization using sensitive X-Ray sensors and compressed air while rejecting run-of-mine waste dilution that commonly accompanies the mining process. Deposits such as Hammerdown, with high grade gold associated with pyrite contained in quartz veins, respond very well to XRT sorting.

An investment in this technology for the Hammerdown Project has many operational and environmental benefits, which sustain over the life the Project, from operations through to mine closure. By rejecting up to 50% of the run of mine ("ROM") feed, the sorter rejected waste remains on site and only a concentrated sorted product would be transported by truck approximately 130 km to the Nugget Pond gold plant. This is a direct and significant savings in trucking cost, and a significant reduction in green house gas ("GHG") emissions from reduced diesel fuel consumption. Eliminating waste from the material to be transported means fewer transport trucks on the highway. Furthermore, removing a significant quantity of waste from the mill process feed, reduces grinding circuit energy consumption proportionally. It also reduces the water requirements, volume of process reagents used, and decreases the volume of tailings requiring long term storage.

Garett Macdonald, President and CEO of Maritime, commented: "The results from the TOMRA tests validate the favorable mineralogy of the Hammerdown Gold Project for sorting technology. These new tests, combined with additional test work completed in 2019 and 2020, demonstrate the potential to provide a higher-grade sorted concentrate at a low cost to the Nugget Pond gold circuit. It will also enable Maritime to substantially reduce the overall environmental footprint of the Project by significantly reducing GHG emissions, process water, chemicals and energy required in comparison to conventional processing. This is another example of our ongoing commitment to integrate industry leading environmental practices and we're excited about adopting this technology at our projects in Newfoundland and Labrador."

About Maritime Resources Corp.

On Behalf of the Board:

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

For further information, please contact:

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

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Qualified Persons:

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

Caution Regarding Forward Looking Statements:

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88364

CEO of Yong Tai Berhad: Introduction of technology is expected to fill the local gap

SHENZHEN, China, June 22, 2021 /PRNewswire/ — On June 21, local time, phase III clinical fieldwork of the Inactivated COVID-19 Vaccine (Vero cells) independently developed and manufactured by Shenzhen Kangtai Biological Products Co., Ltd. was officially initiated in Malaysia, and the first batch of enrolled subjects was vaccinated on-site.

In February this year, BIOKANGTAI and Malaysia's Yong Tai Berhad signed an Agreement on Phase III Clinical Trial of Inactivated COVID-19 Vaccine and Product Procurement, reaching a consensus to further carry out the phase III clinical trials and commercialization of the agreed products in Malaysia. On May 31, the National Pharmaceutical Regulatory Agency (NPRA), Malaysia, approves the clinical trial of the vaccine. Subsequently, on June 11, clinical samples of the vaccine were delivered from Shenzhen, China to Malaysia.

BIOKANGTAI is China's leading biopharmaceutical enterprise. Over the past 30 years since its establishment, it has accumulated rich experience in vaccine research and development, and it also has a notable scale of vaccine industrialization in China. Since the company was listed on the A-shares market in 2017, its market value has continuously increased, ranking among the top 50 biopharmaceutical companies in the world.

In May this year, the BIOKANGTAI Inactivated COVID-19 Vaccine was granted the Emergency Use Authorization (EUA) in China, making it the sixth COVID-19 vaccine variety approved in China and also the first COVID-19 vaccine variety approved in Guangdong province. Since the commencement of the large-scale vaccination of the vaccine on June 1, the cumulative dose of vaccination has reached millions, according to the statistics of local regulatory authorities, its adverse reaction rate is much lower than the average level, showing its excellent safety. In addition, according to the data of phase I/II clinical trials published on the medRxiv platform and in the National Medical Journal of China, in the phase II clinical trial of the vaccine, the geometric mean titer of neutralizing antibody against the vaccine virus in the vaccine group on day 0-28 of the immunization program is 2.65 times of that of the serum neutralizing antibody of the convalescents, with an expected protection rate of more than 90%.

Regarding this collaborative clinical trial, Miao Xiang, executive vice chairman of BIOKANGTAI, said, "In the face of the pandemic, BIOKANGTAI, together with our Malaysian partner, will provide Malaysians with COVID-19 vaccines which have been proven to be safe on a large scale, to help Malaysia overcome the epidemic as soon as possible with our responsibility and duty as a Chinese vaccine enterprise. At the same time, both companies will actively promote the roll-out of the phase III clinical trial, to accelerate the fair supply of COVID-19 vaccines as a public product in the world, especially in developing countries, by verifying the effectiveness and safety of the vaccine on a larger scale."

Datuk Wira Boo Kuang Loon, CEO of Yong Tai Berhad said, " The COVID-19 Vaccine will become a long-term demand, and we currently lack the technology to produce vaccines on our own, we hope to introduce the advanced technology of BIOKANGTAI and to promote local R&D and manufacturing."

Cision

View original content:http://www.prnewswire.com/news-releases/phase-iii-clinical-trial-of-biokangtai-covid-19-vaccine-initiated-in-malaysia-301317445.html

SOURCE Shenzhen Kangtai Biological Products Co. Ltd.

TORONTO, June 22, 2021 (GLOBE NEWSWIRE) — Goliath Resources Ltd. (TSX-V: GOT) (FSE: B4IF) (OTCQB: GOTRF) (the “Company or “Goliath”); Goliath is pleased to announce a high-resolution geophysical survey was completed, covering a 16 square kilometer area including and surrounding the Surebet Zone which is a newly discovered high-grade gold-silver discovery on its 100% controlled Golddigger property in the Golden Triangle, BC. The Surebet Zone currently has 1,000 meters of strike, with 500 meters of vertical relief and 1,000 meters of down dip extent that remains open with an average true width of 9.84 meters grading 10.68 g/t AuEq (7.59 g/t Au) – (see news November 25, 2020).

The survey covered a 16 square kilometer area (4km x 4km) that encompasses the planned 2021 maiden drill program of 5,000 meters from up to 14 separate drill pads and surrounding area with strong high-grade gold-silver potential. The Surebet Zone was flown by helicopter in a systematic low-level (50 meter) grid pattern with 50-meter line spacing by Precision GeoSurveys. The survey was designed to assist in tracing this open gold-silver bearing system to depth and where it’s covered by overburden. The data once modelled, will also be very useful in identifying potential new zones outside the scope of this year’s maiden drill program for additional follow up.

Golddigger Property

The Golddigger property is 23,859 hectares (59,646 acres) and in a world class geological setting. It is located on tide water 30 kilometers south east of Stewart BC in the Golden Triangle and only 7km West of the Dolly Varden Mine access road providing for cost effective exploration (Link to Claim Map).

The newly discovered Surebet Zone is located ~8 kilometers S.W. of Fury Gold’s Homestake Ridge deposit, a high-grade gold-silver resource estimate (M&I) that contains 982,700 oz of gold @ 4.99 g/t gold and 19,600,000 oz of silver @ 97.7 g/t silver, with drill intercepts of up to 73 meters of 21 g/t gold and 12 g/t silver (source – Fury Gold’s PEA & Website) (Link to Regional Map).

Multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 gpt gold equivalent (AuEq) and 7.59 grams per tonne gold (gpt Au) with 1 kilometer (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

The Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill program. The high-grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying less than 0.5 g/t AuEq (Link to news November 25, 2020).

The Surebet Zone is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2km of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square km area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

The Company has granted stock options for a total of 75,000 common shares of the Company to an Advisor. These stock options are exercisable at $0.92 each, which was the closing price on June 21, 2021. These options will expire June 22, 2026 and are governed by the Company's stock option plan.

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

All rock, channel and talus fine samples were crushed and pulverized at MSALABS's laboratory in Terrace, BC. MSALABS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay and metallic screen fire assay in Langley, BC. The pulps were also assayed using multi-element aqua regia digestion at MSALABS's laboratory in Langley, BC. The coarse reject portions of the rock samples, as well as the pulps, were shipped to Goliath Resources Ltd.’s storage facility in Terrace, BC. All samples were analyzed using MSALABS's assay procedure ICP-130, a 1:1:1 aqua regia digestion with inductively-coupled plasma atomic emission spectrometry (ICP-AES) or inductively-coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the FAS-121 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 ppm for silver or 10,000 ppm copper, lead and zinc were additionally assayed using MSALABS's ICA-6xx method particular to each element. This method used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the FAS-425 method which includes a fire-assay fusion procedure with a gravimetric finish. Samples with Au greater than 5 ppm were additionally analyzed using metallic screen fire assay with MSALABS’s MSC-150 or MSC-350 method. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
President and Chief Executive Officer
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

TSX Venture Exchange: NEV

VANCOUVER, BC, June 21, 2021 /CNW/ – Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) plans to make an application to the TSX Venture Exchange (the "TSXV") to amend the term of an aggregate of 2,905,133 outstanding share purchase warrants, (the "Warrants") which were issued in connection with a non-brokered private placement in 2018 (see Nevada Sunrise news release dated July 17, 2018).

Nevada Sunrise Gold Corporation Logo (CNW Group/Nevada Sunrise Gold Corporation)

The Company is seeking to extend the term of the Warrants for two additional years, which would extend the expiry date to July 17, 2023. The exercise price of the Warrants will remain unchanged, at $0.25 per Warrant. The application to extend the expiry date of the Warrants is subject to acceptance by the TSXV.

The Company also announces that it has agreed to settle an aggregate of $18,793.48 in debt owing to certain of directors of the Company for through the issuance of 221,099 common shares at a deemed price of $0.085 per share (the "Debt Settlement").

Because the shares will be issued to directors of the Company, the Debt Settlement will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), which is incorporated into Policy 5.9 of the TSXV Corporate Finance Manual. The Board of Directors of the Company has determined that neither the value of the shares issued to, nor the aggregate debt settled with respect to, any directors of the Company in connection with the Debt Settlement will exceed 25% of the Company's market capitalization on the date hereof. As a result, the Debt Settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Completion of the Debt Settlement is subject to the approval of the TSXV. Shares issued in connection with the Debt Settlement will be subject to a four-month hold period in accordance with applicable securities laws.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover. The 2020 Kinsley Mountain reverse circulation ("RC") and diamond drill campaign was completed in November 2020 and comprised 49 drill holes totaling 17,970 metres (58,957 feet) testing five target areas within the greater resource area, which consisted of 39 RC holes for 13,610 metres (44,652 feet) and 10 diamond drill holes for 4,360 metres (14,305 feet), with 3 holes abandoned and re-drilled from the same locations.

Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold¹.

¹ Technical Report of the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A., effective May 5, 2021 and prepared by Michael M. Gustin, CPG, and Gary L. Simmons, MMSA Q.P. filed on SEDAR under New Placer Dome Gold Corp.'s Issuer Profile (www.sedar.com).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located in the Clayton Valley basin near Silver Peak, Nevada, and water right Permit 86863, located in the Lida Valley basin, near Lida, Nevada.

FORWARD-LOOKING STATEMENTS

This release may contain forward–looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and may include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.

Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or otherwise. Other risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months ended March 31, 2021, which is available under Company's SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/21/c5894.html

Figure 1

Guayabales Project

Figure 2

Guayabales Project – Targets

Figure 3

Olympus Target breccia veining

Figure 4

Donut Target

TORONTO, June 21, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an activity update on it’s Guayabales project (“Guayabales”) located in Caldas, Colombia. The project is situated contiguous and immediately along strike to the northwest from Aris Gold’s Marmato Gold Mine (“Marmato”), which contains Proven and Probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). Supporting images for this release can be found in Figures 1-4.

The Company’s interpretation of the Guayabales project is that the precious metal mineralization encountered throughout the property is related to a series of copper-gold-molybdenum porphyry intrusions. It is also likely that these porphyry intrusions are at least partially responsible for the robust mineral endowment of the area (including Marmato). Importantly, Collective Mining is the first company to ever consolidate the prospective land package along strike to the northwest and adjacent to Marmato.

Over the past nine months, the Company has rapidly advanced the project with intense geological mapping, soil and rock sampling programs and has completed and interpreted a high resolution, airborne geophysical survey. Work to date has highlighted a major NW-trending and mineralized structural corridor that incorporates both porphyry style copper-gold-molybdenum mineralization and associated high-grade gold-silver (base metal) vein systems. Guayabales is located immediately along strike, and at higher elevation, to the Marmato orebodies preserving vertically larger zones of the highly prospective Miocene intrusive related mineralized systems. Current surface exploration activity has covered less than 20% of the project area and has already identified four initial targets referred to as Donut, Tower, Olympus and Victory which are described as follows:

The Donut target is part of a northwest trending and outcropping cluster of mineralized copper-gold-molybdenum porphyry intrusions. Shallow underground workings have exposed large zones of porphyry veining hosting various copper sulfides including chalcopyrite, chalcocite and lesser bornite with molybdenite and abundant pyrite. The Donut target displays intense zones of both potassic alteration and overprinting vein and stockwork systems. The porphyry zone is enveloped by a large scale (+1.5 km) and continuous anomalous zone of in-situ and coincidental gold, copper and molybdenum soil anomalism. Assay results are anticipated within the next 30 days from preliminary channel sampling program performed in existing underground workings and a maiden drill program is planned for September 2021.
The Tower target, located in the western portion of the project area at the deformed contact between graphitic schists and diorite intrusives, incorporates a similar geological setting to the prominent Marmato gold-silver orebodies that are immediately to the south-east of this zone along strike. The north-south trending contact zone, recently exposed by a landslide, has exposed a 50 m x 50 m area of intense sericite-silica alteration with disseminated sulfides. This structure is exposed in old artisanal working located more than 1 kilometre to the NNW of the Tower outcrop. Detailed mapping and soil auger sampling of the entire target area is in progress to determine the dimensions of the target. Assays results from an extensive channel sampling campaign are expected within the next 30 days and will be followed shortly thereafter by a maiden drill program.
The Olympus target hosts a large-scale sheeted vein and breccia, quartz-(carbonate) sulfide system, currently measuring over 400 metre true-width with an interpreted strike length of greater than 1 kilometre that trends to the Donut target. These late-stage porphyry-associated NW structures overprint a larger-scale porphyry style stockwork veinlet system within potassic altered quartz diorite porphyries and country rocks. Numerous artisanal workings have followed individual vein and breccia structures for +400 metres in strike length and reconnaissance grab samples have returned values of up to 72.4 g/t gold and 1,098 g/t silver. The exploration team is currently undertaking geological mapping and systematic soil and channel sampling in order to define the overall size of the target. A maiden drill program to test the Olympus target is anticipated to ensue in Q4, 2021.
The Victory target is located in the north of the project area and consists of a stockwork of porphyry magnetite veinlets with disseminated sulfides hosted within altered diorite intrusive host-rocks. The large target area is outlined well by the airborne magnetics which illustrates a horseshoe shaped zone of high magnetic bodies enveloping a magnetic low. Multiple phases of altered and unaltered diorite intrusive were observed during reconnaissance fieldwork. Soil sampling mapping and rock channel sampling is in progress in this area with drilling planned for Q1, 2022.

Ari Sussman, Executive Chairman of Collective Mining stated, “This is the first time that any mining company has consolidated a commanding land package encompassing the northwest projection of the historically significant Marmato mine, which has been in continuous production for more than 500 years. Results to date from our Guayabales project are astounding, with multiple styles of precious and base-metal mineralization having been discovered covering more than 5 kilometres. The potential for discovering overprinting high-grade and bulk tonnage mineralized systems is excellent.”

Qualified Person (QP) and NI43-101 Disclosure
David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780 hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333 hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in September, 2021.

Further Information

All information contained in this news release with respect to Collective was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party. For further information regarding the Qualifying Transaction, please contact:

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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

Figure 1: Guayabales Project is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b65dddab-14b4-4459-b36c-c0e9acca93e0

Figure 2: Guayabales Project – Targets is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b20dab42-3701-49a6-960f-93309dab3db7

Figure 3: Olympus Target breccia veining is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae2ddff2-0d22-48ac-83a1-1feae50d7acb

Figure 4: Donut Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf7a6602-4ec7-44e4-8f69-d232012c9c22

VANCOUVER, BC / ACCESSWIRE / June 21, 2021 / Mawson Gold Limited ("Mawson") or (the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce co-funding of battery metal geometallurgical support by Business Finland for €397k (CAD$590k) as part of a 50% co-funding of €795k (CAD$1.2M) for the Finland-based Circular Ecosystem of Battery Metals ("BATCircle2.0"). BATCircle2.0 is funded by Business Finland in cooperation with Mawson Oy (Mawson's 100%-owned Finnish subsidiary), the Geological Survey of Finland (GTK) and Aalto University.

Highlights:

Mawson Oy has been granted €397k (CAD$590k) as part of a 50% co-funding of €795k (CAD$1.2M) for the Finland-based Circular Ecosystem of Battery Metals ("BATCircle2.0") to study cobalt geometallurgy, optimise gold-cobalt separation methods, improve overall cobalt recovery by minimising losses to tailings, investigate on-site production possibilities, reduce environmental impacts of tailings and add to the Finnish circular battery economy;
Mawson, in conjunction with research partners at GTK, Aalto University and University of Oulu along with Finnish specialist consultants, intends to:
- Couple the financial return from gold with a requirement to maximise the separation of battery and critical metals including cobalt, nickel, tungsten and copper;
- Test and demonstrate the viability of enhanced recovery of these by/co-products during mineral processing using green technologies, which will be further developed by GTK and tested on existing tailings;

Mr. Hudson, Chairman and CEO, states, "We are again thankful that Business Finland has chosen to continue to support Mawson in our pursuit to become a significant Finnish (and European) raw material battery-metal supplier from our 100%-owned Rajapalot project, which is already 7^th largest European cobalt resource.

"BATCircle2.0 will build on the work of BATCircle, which provided the most comprehensive metallurgical studies performed at Rajapalot to date. That work demonstrated excellent gold recoveries with a viable method to obtain industrial acceptable recoveries for cobalt to produce a cobalt concentrate that could be further treated by hydrometallurgical methods (leaching, solvent extraction, purification) to produce cobalt sulphate. The battery supply chain, through to the customer, is demanding sustainable and ethically sourced metals and minerals, and the Finnish ability to deliver against these demands, via projects such as Rajapalot, is a unique and competitive advantage. A key to the successful extraction of our battery and critical metals will be a positive net return."

The objectives of Mawson's BATCircle2.0 project are to:

Optimise enhanced gravity streams for cobalt and gold separation;
Efficiently separate gold and cobalt/sulphide concentrate streams;
Add understanding of optimal conditions for flotation of cobaltite;
Study leaching of non-cobaltite concentrate residues;
Investigate on-site cobalt metal or salt production;
Reduce acid production in tailings and carbon capture using Mg-rich waste in tailings;
Enhance circular battery economy by integrating project results into the economics of recovery of nickel and cobalt from sulphide concentrates.

Many Finnish cobalt-gold polymetallic systems are driven by the economics of gold with the metallurgical focus therefore driven to returns on gold. Losing battery and critical metals to tailings is a poor outcome for Finland and the development of a local circular low-carbon economy. Mawson's Rajapalot gold-cobalt project in Lapland also contains nickel, copper and tungsten, a common Finnish metal association but unusual globally. Drilling for metallurgical sampling will continue,

providing fresh research materials.

Background to BATCircle2.0: The BATCircle2.0 consortium has been granted €10.8 million by Business Finland as part of a total funding budget of €19.3 million. BATCircle2.0 is a key project in Business Finland`s Smart Mobility and Batteries from Finland programs.

The BATCircle2.0 consortium will build on the first phase of BATCircle which was successfully completed in April 2021. The aim of the project consortium is to create a competitive and sustainable European battery industry through collaboration and joint research between companies and research organisations. The BATCircle2.0 consortium led by Aalto University consists of the following universities, research institutions and companies:

Universities: Aalto University, University of Eastern Finland, LUT University (Lappeenranta Uni of Tech), University of Oulu;
Research Institutions: Geological Survey of Finland (GTK), VTT Technical Research Centre of Finland;
Companies: Boliden Harjavalta Oy, Finnish Minerals Group Oy, Fortum Waste Solutions Oy, Metso Outotec Oyj, Norilsk Nickel Harjavalta Oy, Terrafame Oy, Umicore Finland Oy, AkkuSer Oy, BroadBit Batteries Oy, Fennoscandian Resources Ab, FinnCobalt Oy, Keliber Technology Oy, Latitude 66 Cobalt Oy, Mawson Oy, X-Ray Minerals Services Finland Oy

The Aalto University Official Announcement can be found here.

NI 43-101 Technical Report: On September 14, 2020, an updated resource estimation was completed by Rodney Webster of AMC of Melbourne, Australia, and Dr. Kurt Simon Forrester of Arn Perspective of Surrey, England. Each of Mr. Webster and Dr. Forrester are independent "qualified persons" as defined by NI 43-101. The NI 43-101 technical report is entitled "Rajapalot Property Mineral Resource Estimate NI 43-101 Technical Report" and dated September 14, 2020 (the "Updated Technical Report"). The Updated Technical Report may be found on the Company's website at www.mawsongold.com or under the Company's profile on SEDAR at www.sedar.com. Readers are encouraged to read the entire Updated Technical Report.

Qualified Person

Dr. Nick Cook (FAusIMM), Chief Geologist for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has prepared or reviewed the preparation of the scientific and technical information in this press release.

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)

Mawson Gold Limitedis an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland. Mawson also owns or is joint venturing into three high-grade, historic epizonal goldfields covering 470 square kilometres in Victoria, Australia and is well placed to add to its already significant gold-cobalt resource in Finland.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information
www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316,
info@mawsongold.com

Forward-Looking Statement. This news release contains forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements and are based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to: capital and other costs varying significantly from estimates; changes in world metal markets; changes in equity markets; ability to achieve goals; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs and results varying from expectations; unexpected geological conditions; local community relations; dealings with non-governmental organizations; delays in operations due to permit grants; environmental and safety risks; and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/652390/Mawson-and-BATCircle20-Co-Funding-for-the-Rajapalot-Gold-Cobalt-Project-Finland

Highlights:

Mawson Oy has been granted €397k (CAD$590k) as part of a 50% co-funding of €795k (CAD$1.2M) for the Finland-based Circular Ecosystem of Battery Metals ("BATCircle2.0") to study cobalt geometallurgy, optimise gold-cobalt separation methods, improve overall cobalt recovery by minimising losses to tailings, investigate on-site production possibilities, reduce environmental impacts of tailings and add to the Finnish circular battery economy;
Mawson, in conjunction with research partners at GTK, Aalto University and University of Oulu along with Finnish specialist consultants, intends to:
- Couple the financial return from gold with a requirement to maximise the separation of battery and critical metals including cobalt, nickel, tungsten and copper;
- Test and demonstrate the viability of enhanced recovery of these by/co-products during mineral processing using green technologies, which will be further developed by GTK and tested on existing tailings;

The objectives of Mawson's BATCircle2.0 project are to:

Optimise enhanced gravity streams for cobalt and gold separation;
Efficiently separate gold and cobalt/sulphide concentrate streams;
Add understanding of optimal conditions for flotation of cobaltite;
Study leaching of non-cobaltite concentrate residues;
Investigate on-site cobalt metal or salt production;
Reduce acid production in tailings and carbon capture using Mg-rich waste in tailings;
Enhance circular battery economy by integrating project results into the economics of recovery of nickel and cobalt from sulphide concentrates.

providing fresh research materials.

Universities: Aalto University, University of Eastern Finland, LUT University (Lappeenranta Uni of Tech), University of Oulu;
Research Institutions: Geological Survey of Finland (GTK), VTT Technical Research Centre of Finland;
Companies: Boliden Harjavalta Oy, Finnish Minerals Group Oy, Fortum Waste Solutions Oy, Metso Outotec Oyj, Norilsk Nickel Harjavalta Oy, Terrafame Oy, Umicore Finland Oy, AkkuSer Oy, BroadBit Batteries Oy, Fennoscandian Resources Ab, FinnCobalt Oy, Keliber Technology Oy, Latitude 66 Cobalt Oy, Mawson Oy, X-Ray Minerals Services Finland Oy

The Aalto University Official Announcement can be found here.

Qualified Person

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information
www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316,
info@mawsongold.com

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/652390/Mawson-and-BATCircle20-Co-Funding-for-the-Rajapalot-Gold-Cobalt-Project-Finland

A look at the shareholders of Endeavour Mining plc (LON:EDV) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Warren Buffett said that he likes "a business with enduring competitive advantages that is run by able and owner-oriented people." So it's nice to see some insider ownership, because it may suggest that management is owner-oriented.

With a market capitalization of UK£4.5b, Endeavour Mining is rather large. We'd expect to see institutional investors on the register. Companies of this size are usually well known to retail investors, too. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Endeavour Mining.

See our latest analysis for Endeavour Mining

What Does The Institutional Ownership Tell Us About Endeavour Mining?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

We can see that Endeavour Mining does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Endeavour Mining's historic earnings and revenue below, but keep in mind there's always more to the story.

We note that hedge funds don't have a meaningful investment in Endeavour Mining. Looking at our data, we can see that the largest shareholder is La Mancha Holding S.a.r.l. with 19% of shares outstanding. In comparison, the second and third largest shareholders hold about 13% and 6.5% of the stock.

On further inspection, we found that more than half the company's shares are owned by the top 7 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.

Insider Ownership Of Endeavour Mining

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Shareholders would probably be interested to learn that insiders own shares in Endeavour Mining plc. This is a big company, so it is good to see this level of alignment. Insiders own UK£285m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.

General Public Ownership

The general public, with a 29% stake in the company, will not easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

It seems that Private Companies own 19%, of the Endeavour Mining stock. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 4 warning signs for Endeavour Mining you should be aware of, and 1 of them is potentially serious.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

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

ENDEAVOUR ANNOUNCES BLOCK LISTING OF AWARD SHARES ON THE LSE

London, 18 June 2021 – Endeavour Mining plc (LSE: EDV) (“the Company”) announces that an application has been made to the Financial Conduct Authority and the London Stock Exchange for 2,121,121 ordinary shares of US$0.01 each (the "New Shares") to be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange.

Subject to approval by the Financial Conduct Authority and the London Stock Exchange, the New Shares are expected to be admitted on 21 June 2021.

The New Shares are being reserved under a block listing and may be issued in the future as a result of the award of ordinary shares of US$0.01 each (the “Shares”) pursuant to certain of the Company's share incentive plans which may be exercised from time to time.

The block listing is in respect of the following:

• Replacement Teranga Stock Options expiring August 2021 (33,840 shares)

• Replacement Teranga Stock Options expiring December 2021 (92,590 shares)

• Replacement Teranga Stock Options expiring February 2022 (34,780 shares)

• Replacement Teranga Stock Options expiring March 2022 (82,717 shares)

• Replacement Teranga Stock Options expiring May 2022 (4,700 shares)

• Replacement Teranga Stock Options expiring July 2022 (124,549 shares)

• Replacement Teranga Stock Options expiring September 2022 (56,400 shares)

• Replacement Teranga Stock Options expiring October 2022 (63,920 shares)

• Replacement Teranga Stock Options expiring October 2023 (1,627,625 shares)

When issued, these New Shares will rank pari passu with existing Shares.

CONTACT INFORMATION

Endeavour Mining
Martino De Ciccio
Vice President – Strategy & Investor Relations
+44 203 640 8665
mdeciccio@endeavourmining.com

Brunswick Group LLP in London
Carole Cable, Partner
+44 7974 982 458
ccable@brunswickgroup.com

Vincic Advisors in Toronto
John Vincic, Principal
+1 647 402 6375
john@vincicadvisors.com

ABOUT ENDEAVOUR MINING PLC

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

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

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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

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

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

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

Attachment

210618 – NR – Block Listing

Vancouver, British Columbia–(Newsfile Corp. – June 17, 2021) – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC: OPWEF) has engaged GoldSpot Discoveries to assist in the exploration of Opawica's portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Quebec and in Central Newfoundland. GoldSpot, a leading technology services company leveraging machine learning to transform the mineral discovery process, has a large, collaborative team of geoscientists and data scientists focused on maximizing the chances of discovery using GoldSpot's proprietary technology and geoscience expertise.

GoldSpot will use its artificial intelligence and machine learning expertise to delineate drill-ready targets as well as identify prospective areas regionally for Opawica's portfolio of projects over the course of the next 18 months.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Opawica" in the search box.

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The company's three 100% owned Quebec properties are on the east-west trending Cadillac-Larder Lake Break zone.

As partial consideration for these services, GoldSpot has been granted a 0.5% NSR and an option to acquire an additional 0.5% NSR for $1 million, on Opawica's Bazooka project. The Bazooka project is contiguous to the south-western border of Yamana Gold's Wasamac gold property that has existing proven and probable mineral reserves of 1.8 million ounces of gold at 2.56 grams per tonne. Drilling on the Bazooka project between 2003 to 2005 yielded widespread gold mineralization ranging from a few hundred parts per billion to up to 316.23 grams per tonne gold over 1.0 metres in Hole BA-03-02A.

GoldSpot has also been granted an option to acquire a 0.5% NSR for $1 million, on the company's Arrowhead project, which is fully surrounded by Agnico Eagle Mines, a major gold producer in the Abitibi region. A recent significant drilling campaign by Agnico Eagle to the west and north of Arrowhead, intercepted 40 gold-copper mineralized zones.

GoldSpot has also been granted an option to acquire a 0.5% NSR for $1 million, on the company's McWatters project. The McWatters property, along with the Bazooka property, are both contiguous to Yorbeau's Rouyn property, which has a total resource of 705,020 ounces of gold from its Augmitto deposit.

In Newfoundland, GoldSpot has been granted options to acquire a 0.5% NSR on each of Opawica's Chapel Island, Eclipse, Density, Mass, Enterprise, and Lil d'Espoir Lake projects.

Management cautions that mineralization hosted on nearby properties is not necessarily indicative of mineralization on Opawica's properties.

Blake Morgan, Opawica's President and CEO, stated: "It is a great step forward for Opawica to engage GoldSpot with their proven track record coupled with the wealth of knowledge they possess in the Abitibi. We are eager to work with GoldSpot to deploy cutting edge modern exploration techniques on our properties. The success of GoldSpot's smart target approach in finding significant discoveries in Newfoundland will considerably increase the odds of success on our properties. Opawica completed a $5.28 million private placement on June 4, 2021 and is fully funded for a 10,000 metre drill program with a treasury on hand to increase the budget. This is the largest contract that GoldSpot has executed this year and demonstrates the confidence that GoldSpot management has in Opawica's assets and management team."

Denis Laviolette, Goldspot's Executive Chairman and President, added: "GoldSpot was born from an exhaustive pilot project generated from the decades of data collected on the Quebec Abitibi belt. As such, it is with great pleasure that we now announce our largest deal this year, inclusive of additional royalty and royalty options, which significantly grow our Newfoundland royalty coverage. The GoldSpot team will work closely with Opawica to analyze geological, geochemical and geophysical data in order to generate exploration concepts and drill targets that will be tested by the experienced Opawica technical team."

The company's management has a great track record in discovering and developing successful exploration projects and is continually evaluating further exploration properties and seeking partnerships by either joint venture or sale.

The shares are currently trading at $0.58. For more information, please visit the company's website at www.opawica.com, contact Blake Morgan, President and CEO, at 604-681-3170 or by email at ir@opwaica.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87861

TORONTO, June 17, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") today announced that since April 2021, LAURION has received aggregate gross proceeds of $3.71 million from the exercise of warrants (including finder's warrants) and stock options. A portion of these proceeds are attributable to the exercise of securities by certain directors of the Corporation, full details of which are available on the System for Electronic Disclosure by Insiders (SEDI) at: www.sedi.ca.

The Corporation intends to use the proceeds from these security exercises for exploration activities and general working capital purposes.

"LAURION is very pleased with the continued support of its investors," said Cynthia Le Sueur-Aquin, President and CEO. "This infusion of capital reflects our investors' confidence in the future of LAURION. The proceeds received will support our exploration work program at the Ishkoday Project and the execution of our business plan in 2021 and beyond."

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 228,052,731 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the use of proceeds from the above-mentioned exercise of securities. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein including as a result of a change in the trading price of the Corporation's common shares. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

Cision

View original content: http://www.newswire.ca/en/releases/archive/June2021/17/c6891.html

For Immediate Release

Chicago, IL – June 16, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Fresnillo plc FNLPF, Hecla Mining Company HL, Compañía de Minas Buenaventura S.A.A. BVN and Alexco Resource Corp. AXU.

Here are highlights from Tuesday’s Analyst Blog:

Silver to Gain on Supply/Demand Imbalance: 4 Stocks to Watch

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

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

Factors Likely to Drive the Silver Rally

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

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

Mexico, particularly, is expected to log strong numbers as new projects, such as Cerro Los Gatos, Juanicipio and Capela, ramp-up production rates. Recycling activity is anticipated to be higher, owing to higher silver prices. Thus, it is apparent that silver is headed for a deficit this year, which will prop up prices.

The long-term outlook for silver remains solid. Given numerous industrial applications for silver, particularly those pertaining to “green” technologies, 5G will continue to support demand for silver in years to come.

Demand for silver in solar photovoltaic (PV) cells is surging as countries move toward adopting renewable energy sources. The Silver Institute estimates silver demanded from 5G to more than double to around 16Moz by 2025. By 2030, it will require around 23Moz — a 206% increase from current levels.

Overall, with more countries now focusing on lowering carbon emissions, they will need more silver for electric vehicles, charging stations and 5G, and cables connecting new wind turbines and solar farms to the grid.

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

4 Silver Stocks to Watch

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

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

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

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

The company currently produces about one-third of the silver mined in the United States. This is expected to grow as Lucky Friday Mine in Idaho ramps up. The mine’s production is expected to double again in 2021 and 60% more within four years. The company is also one of the lowest-cost U.S. silver producers.

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

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

The program has driven impressive results in Tambomayo, where the company simplified the metallurgical process and optimized mine preparation. In Uchucchacua, it has improved efficiency in the underground mine. At El Brocal, it has increased production driven by operational improvements. Overall, the program has resulted in significant cost savings in each of its mines.

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

Alexco Resource Corp: Headquartered in Vancouver, Canada, Alexco Resource operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory — one of the highest-grade silver deposits in the world. The company is currently advancing Keno Hill to production and started concentrating production and shipments in the first quarter of 2021.

Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates at an average all-in sustaining cost of $11.59 per ounce. Keno Hill has significant potential to grow and Alexco Resource has a long history of expanding the operation's mineral resources through successful exploration.

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

Zacks Names “Single Best Pick to Double”

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

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

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

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

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

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

Hecla Mining Company (HL) : Free Stock Analysis Report

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

Alexco Resource Corp (AXU) : Free Stock Analysis Report

Fresnillo PLC (FNLPF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Factors Likely to Drive the Silver Rally

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

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

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

Image Source: Zacks Investment Research

4 Silver Stocks to Watch

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

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

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

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

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

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

Image Source: Zacks Investment Research

Zacks Names “Single Best Pick to Double”

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

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Fresnillo PLC (FNLPF) : Free Stock Analysis Report

Hecla Mining Company (HL) : Free Stock Analysis Report

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

Alexco Resource Corp (AXU) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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

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

Image Source: Zacks Investment Research

What’s Favoring CBT?

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

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

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

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

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

Cabot Corporation Price and Consensus

Cabot Corporation price-consensus-chart | Cabot Corporation Quote

Stocks to Consider

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

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

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

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

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Zacks Investment Research

For Immediate Release

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

Here are highlights from Monday’s Analyst Blog:

Hot US Inflation a Boon for These 5 Stocks

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Zacks Investment Research

ENDEAVOUR ANNOUNCES CONTINUATION OF SHARE REPURCHASE PROGRAMME UNDER NEW PARENT COMPANY

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

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

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

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

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

CONTACT INFORMATION

Endeavour Mining
Martino De Ciccio
Vice President – Strategy & Investor Relations
+44 203 640 8665
mdeciccio@endeavourmining.com

Brunswick Group LLP in London
Carole Cable, Partner
+44 7974 982 458
ccable@brunswickgroup.com

Vincic Advisors in Toronto
John Vincic, Principal
+1 647 402 6375
john@vincicadvisors.com

CORPORATE BROKERS

Barclays
Philip Lindop, Robert Mayhew, Richard Bassingthwaighte

+44 20 7623 2323

Morgan Stanley
Tom Perry, Luka Kezic
+44 20 7425 8000

UK AND EUROPEAN BROKING ADVISERS

Berenberg
Matthew Armitt, Varun Talwar
+44 20 3207 7800

Stifel
Callum Stewart, Ashton Clanfield, Rory Blundell
+ 44 20 7710 7600

ABOUT ENDEAVOUR MINING PLC

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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

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

Attachment

210615 – NR – LSE Buyback

ENDEAVOUR ANNOUNCES ADMISSION TO TRADING
ON THE LONDON STOCK EXCHANGE

London, June 14, 2021 – Endeavour Mining plc (TSX: EDV, LSE: EDV, OTCQX: EDVMF) (“Endeavour”) announces that its entire issued ordinary share capital consisting of 250,491,755 shares, has today been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s (“LSE”) main market. Shares will trade on both the LSE and the Toronto Stock Exchange (“TSX”) under the ticker symbol “EDV”. Endeavour is not intending to raise capital in conjunction with its London listing.

Sebastien de Montessus, President & CEO stated: “Our listing marks the start of the next phase of our evolution and will see us become the largest pure gold producer on the premium segment of the London Stock Exchange with access to a deeper pool of capital. Over the past few years, we have built a resilient business, with a high-quality asset base made up of low cost, long-mine life assets, attractive development projects and additional exploration potential. This underpins our attractive shareholder returns policy that we believe will create value for investors across the cycle.”

Endeavour will be well positioned on the premium segment of the LSE, with the following key attributes:

Unmatched competitive advantage in West Africa, the second largest gold producing region in the world, as the largest gold producer in the region with one of the largest exploration tenement holdings
High quality portfolio of assets, diversified across three countries and seven mines, that can sustain and grow production above 1.5Moz annually while maintaining a competitive low AISC of under $900/oz, coupled with an industry leading pipeline of near-term organic development projects
Strong management track record having met or exceeded production and cost guidance for eight consecutive years, successfully built four projects in the last decade, and discovered 8.4Moz over the last 5-years at less than $25/oz
Industry-leading Return on Capital Employed of over 20% is supported by a diligent capital allocation framework, high quality portfolio and strong management execution
Healthy balance sheet with a low Net Debt / adjusted EBITDA (LTM) leverage ratio of 0.2x, and with a net cash position of $250 million expected to be reached in the short-term, providing financial flexibility to support organic growth and shareholder returns
Strong social licence to operate, centred on investing in host countries and protecting the environment, enhances the resilience of its business and underpins Endeavour’s ability to reward shareholders
Strong commitment to shareholder returns with a minimum progressive dividend policy targeting to distribute at least $500 million through FY-2023, payable semi-annually, provided that the gold price remains above $1,500/oz. To provide shareholders with added value from prevailing higher gold prices above $1,500/oz, the minimum dividend can be supplemented with both higher dividends and by continuing its share buyback program, provided that its leverage remains below 0.5x Net Debt / adjusted EBITDA.

Endeavour hosted a capital markets event on June 7, detailing the Company’s strategy, recent milestones, Environmental, Social and Governance initiatives, and its long-term ability to reward shareholders. The event replay is available on Endeavour’s website by clicking here.

CONTACT INFORMATION

Endeavour Mining
Martino De Ciccio
Vice President – Strategy & Investor Relations
+44 203 640 8665
mdeciccio@endeavourmining.com

Brunswick Group LLP in London

Carole Cable, Partner
+44 7974 982 458
ccable@brunswickgroup.com

Vincic Advisors in Toronto

John Vincic, Principal

+1 (647) 402 6375
john@vincicadvisors.com

CORPORATE BROKERS

Barclays
Philip Lindop
Robert Mayhew
Richard Bassingthwaighte
Eoin Healy
+44 20 7623 2323

Morgan Stanley
Tom Perry
Luka Kezic
+44 20 7425 8000

UK AND EUROPEAN BROKING ADVISERS

Berenberg
Matthew Armitt
Varun Talwar
+44 20 3207 7800

Stifel
Callum Stewart
Ashton Clanfield
Rory Blundell
+ 44 20 7710 7600

ABOUT ENDEAVOUR MINING PLC

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Endeavour. This forward-looking information may be affected by risks and uncertainties in the business of Endeavour and market conditions, including but not limited to: risks related to the successful integration of acquisitions or completion of divestitures; risks related to international operations; risks related to general economic conditions and the impact of credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; Endeavour’s financial results, cash flows and future prospects being consistent with Endeavour expectations in amounts sufficient to permit sustained dividend payments; the completion of studies on the timelines currently expected, and the results of those studies being consistent with Endeavour’s current expectations; actual results of current exploration activities; production and cost of sales forecasts for Endeavour meeting expectations; unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates; increases in market prices of mining consumables; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; extreme weather events, natural disasters, supply disruptions, power disruptions, accidents, pit wall slides, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities; changes in national and local government legislation, regulation of mining operations, tax rules and regulations and changes in the administration of laws, policies and practices in the jurisdictions in which Endeavour operates; disputes, litigation, regulatory proceedings and audits; adverse political and economic developments in countries in which Endeavour operates, including but not limited to acts of war, terrorism, sabotage, civil disturbances, non-renewal of key licenses by government authorities, or the expropriation or nationalization of any of Endeavour’s property; risks associated with illegal and artisanal mining; environmental hazards; and risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic..

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

Attachment

210602 – NR – Admission to trading

Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don't make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are now in a stock pickers market where fundamentals of a stock have more effect on the price than the overall direction of the market. As a result we observe sudden and large changes in hedge fund positions depending on the news flow. Let’s take a look at the hedge fund sentiment towards Chemung Financial Corp. (NASDAQ:CHMG) to find out whether there were any major changes in hedge funds' views.

Hedge fund interest in Chemung Financial Corp. (NASDAQ:CHMG) shares was flat at the end of last quarter. This is usually a negative indicator. Our calculations also showed that CHMG isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That's why at the end of this article we will examine companies such as Quad/Graphics, Inc. (NYSE:QUAD), OptiNose, Inc. (NASDAQ:OPTN), and Comstock Mining, Inc. (NYSE:LODE) to gather more data points.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 206.8% since March 2017 and outperformed the S&P 500 ETFs by more than 115 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

Matthew Lindenbaum of Basswood Capital

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund wants to buy this $26 biotech stock for $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With all of this in mind we're going to review the fresh hedge fund action encompassing Chemung Financial Corp. (NASDAQ:CHMG).

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

Heading into the second quarter of 2021, a total of 3 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from the previous quarter. By comparison, 3 hedge funds held shares or bullish call options in CHMG a year ago. With the smart money's capital changing hands, there exists a select group of noteworthy hedge fund managers who were adding to their stakes meaningfully (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Matthew Lindenbaum's Basswood Capital has the biggest position in Chemung Financial Corp. (NASDAQ:CHMG), worth close to $4.2 million, accounting for 0.2% of its total 13F portfolio. The second most bullish fund manager is Renaissance Technologies, which holds a $3.1 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. In terms of the portfolio weights assigned to each position Basswood Capital allocated the biggest weight to Chemung Financial Corp. (NASDAQ:CHMG), around 0.19% of its 13F portfolio. Royce & Associates is also relatively very bullish on the stock, designating 0.01 percent of its 13F equity portfolio to CHMG.

Earlier we told you that the aggregate hedge fund interest in the stock was unchanged and we view this as a negative development. Even though there weren't any hedge funds dumping their holdings during the third quarter, there weren't any hedge funds initiating brand new positions. This indicates that hedge funds, at the very best, perceive this stock as dead money and they haven't identified any viable catalysts that can attract investor attention.

Let's also examine hedge fund activity in other stocks similar to Chemung Financial Corp. (NASDAQ:CHMG). These stocks are Quad/Graphics, Inc. (NYSE:QUAD), OptiNose, Inc. (NASDAQ:OPTN), Comstock Mining, Inc. (NYSE:LODE), Annovis Bio, Inc. (NYSE:ANVS), Spark Networks SE (NYSE:LOV), Select Bancorp, Inc. (NASDAQ:SLCT), and Five Star Senior Living Inc. (NASDAQ:FVE). This group of stocks' market values resemble CHMG's market value.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position QUAD,10,9438,2 OPTN,10,6714,0 LODE,4,1097,0 ANVS,6,10079,5 LOV,6,44401,-3 SLCT,5,11115,0 FVE,11,27833,0 Average,7.4,15811,0.6 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 7.4 hedge funds with bullish positions and the average amount invested in these stocks was $16 million. That figure was $9 million in CHMG's case. Five Star Senior Living Inc. (NASDAQ:FVE) is the most popular stock in this table. On the other hand Comstock Mining, Inc. (NYSE:LODE) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Chemung Financial Corp. (NASDAQ:CHMG) is even less popular than LODE. Our overall hedge fund sentiment score for CHMG is 23. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Hedge funds dodged a bullet by taking a bearish stance towards CHMG. Our calculations showed that the top 10 most popular hedge fund stocks returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 17.2% in 2021 through June 11th but managed to beat the market again by 3.3 percentage points. Unfortunately CHMG wasn't nearly as popular as these 5 stocks (hedge fund sentiment was very bearish); CHMG investors were disappointed as the stock returned 2.8% since the end of the first quarter (through 6/11) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 5 most popular stocks among hedge funds as most of these stocks already outperformed the market since 2019.

Get real-time email alerts: Follow Chemung Financial Corp (NASDAQ:CHMG)

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

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Is Alexco Resource Corp. (NYSE:AXU) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas.

Hedge fund interest in Alexco Resource Corp. (NYSE:AXU) shares was flat at the end of last quarter. This is usually a negative indicator. Our calculations also showed that AXU isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That's why at the end of this article we will examine companies such as Summit Financial Group, Inc. (NASDAQ:SMMF), DSP Group, Inc. (NASDAQ:DSPG), and Big 5 Sporting Goods Corporation (NASDAQ:BGFV) to gather more data points.

Today there are many metrics stock market investors put to use to size up stocks. A pair of the less known metrics are hedge fund and insider trading activity. We have shown that, historically, those who follow the top picks of the top investment managers can outclass their index-focused peers by a healthy margin (see the details here). Also, our monthly newsletter's portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .

Eric Sprott of Sprott Asset Management

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, an activist hedge fund wants to buy this $26 biotech stock for $50. So, we recommended a long position to our monthly premium newsletter subscribers. We go through lists like the 10 best battery stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind we're going to view the key hedge fund action encompassing Alexco Resource Corp. (NYSE:AXU).

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

At Q1's end, a total of 3 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 0% from one quarter earlier. The graph below displays the number of hedge funds with bullish position in AXU over the last 23 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

The largest stake in Alexco Resource Corp. (NYSE:AXU) was held by Sprott Asset Management, which reported holding $0.2 million worth of stock at the end of December. It was followed by Citadel Investment Group with a $0.1 million position. The only other hedge fund that is bullish on the company was Millennium Management.

Let's now review hedge fund activity in other stocks – not necessarily in the same industry as Alexco Resource Corp. (NYSE:AXU) but similarly valued. We will take a look at Summit Financial Group, Inc. (NASDAQ:SMMF), DSP Group, Inc. (NASDAQ:DSPG), Big 5 Sporting Goods Corporation (NASDAQ:BGFV), Farmland Partners Inc (NYSE:FPI), Kaleido BioSciences, Inc. (NASDAQ:KLDO), Uxin Limited (NASDAQ:UXIN), and Village Super Market, Inc. (NASDAQ:VLGEA). This group of stocks' market valuations are closest to AXU's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position SMMF,4,10966,0 DSPG,13,54197,0 BGFV,14,27074,-3 FPI,5,1965,-3 KLDO,6,7960,4 UXIN,3,5133,0 VLGEA,7,30340,-3 Average,7.4,19662,-0.7 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 7.4 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $0 million in AXU's case. Big 5 Sporting Goods Corporation (NASDAQ:BGFV) is the most popular stock in this table. On the other hand Uxin Limited (NASDAQ:UXIN) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Alexco Resource Corp. (NYSE:AXU) is even less popular than UXIN. Our overall hedge fund sentiment score for AXU is 23. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Hedge funds clearly dropped the ball on AXU as the stock delivered strong returns, though hedge funds' consensus picks still generated respectable returns. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 17.2% in 2021 through June 11th and still beat the market by 3.3 percentage points. A small number of hedge funds were also right about betting on AXU as the stock returned 17.1% since Q1 (through June 11th) and outperformed the market by an even larger margin.

Get real-time email alerts: Follow Alexco Resource Corp (NYSE:AXU)

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

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Next Steps:

Figure 1

Guayabales Project

Figure 2

Guayabales Project – Targets

Figure 3

Olympus Target breccia veining

Figure 4

Donut Target

What Does The Institutional Ownership Tell Us About Endeavour Mining?

Insider Ownership Of Endeavour Mining

General Public Ownership

Private Company Ownership

Next Steps:

For Immediate Release

Here are highlights from Tuesday’s Analyst Blog:

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Zacks Names “Single Best Pick to Double”

What’s Favoring CBT?

Cabot Corporation Price and Consensus

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Zacks Names “Single Best Pick to Double”

For Immediate Release

Here are highlights from Monday’s Analyst Blog:

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