• Strongly recommends that shareholders vote only the GOLD proxy FOR all six of Fancamp’s exceptionally qualified director nominees by 1:00 p.m. ET on Friday, June 25, 2021. Shareholders with questions on voting should contact Kingsdale Advisors at 1-800-749-9890 or contactus@kingsdaleadvisors.com.

• Letter contrasts Fancamp’s new action-oriented, three-pronged strategy for growth to Peter H. Smith’s 34 years of wasted money, failed exploration projects, and repeated breaches of fiduciary duties.

• Shareholders are encouraged to read the complete letter and the ScoZinc transaction FAQs on the Corporation’s website: fancamp.ca/thefutureisbright/lettertoshareholders.

• Shareholders are also encouraged to see Fancamp’s plan in action and to learn more about our exceptionally qualified and experienced director nominees.

VANCOUVER, British Columbia, Jun 16, 2021–(BUSINESS WIRE)–Fancamp Exploration Ltd. ("Fancamp" or the "Corporation") (TSX Venture Exchange: FNC) today announced that further to its management information circular filed on June 2, 2021, it has released another important letter to shareholders as well as an accompanying FAQ on the transaction with ScoZinc Mining Ltd.

The letter outlines Fancamp’s action-oriented, three-pronged strategy for growth, and strongly recommends that shareholders vote only the GOLD proxy FOR all six of Fancamp’s exceptionally qualified and experienced director nominees: Mark Billings, Rajesh Sharma, Ashwath Mehra, Paul Ankcorn, Charles Tarnocai and Dean Journeaux.

The letter also warns shareholders not to risk giving Mr. Smith another 90 days to come up with a plan when they have already given him 34 years with nothing to show.

Highlights from Fancamp’s Latest Letter to Shareholders

• For 34 years, Mr. Smith was in charge of Fancamp, holding positions including Chairman, Director, President and CEO. Over the decades, there have been many changes at the director and management levels, but until recently, the one constant was Mr. Smith.

• In those 34 years, Mr. Smith operated in secret from the Board of Directors (the "Board"), made no discoveries, destroyed shareholder value, entered lopsided deals to enrich his friends and associates, and treated Fancamp’s money as his personal bank account.

• When the current Board uncovered the truth, they held Mr. Smith accountable, asking him to step down in August 2020, then terminating his consulting agreement for cause in April 2021. They are now in the middle of a forensic investigation that is uncovering and confirming further issues.

• Now, after escaping decades of mismanagement, Fancamp is finally on the right path to deliver shareholder value and returns under the leadership of current management and a rejuvenated, governance-focused Board.

• Since being appointed CEO in September 2020, Rajesh Sharma, along with the Board, has completed a comprehensive strategic review of Fancamp’s mineral properties and other assets, and developed a three-pronged strategy for growth focused on Exploration Targets, Titanium Technology, and Strategic Alternatives, acquiring projects that have the potential for near-term cash flow, such as the ScoZinc Scotia Mine.

• The ScoZinc Scotia Mine is expected to demonstrate a free cash flow of approximately $8.4 million in the first year of commercial production alone.

• In contrast, Mr. Smith’s handpicked slate of self-serving activist nominees have aligned themselves with someone who had 34 years to create value but delivered none. Now they are asking for just 90 more days.

• Mr. Smith has proven he is not up to the job of leading your Corporation, yet he is still asking you to vote for him because – suddenly, after 34 years – he now has a ‘plan.’

• Mr. Smith states he will "re-establish valuable relationships…":This mean Mr. Smith will go back to enriching his friends and associates, such as the geologist he continually used to conduct various exploration activities without providing full disclosure to the Board. This is the same geologist who invoiced Fancamp over $227,678, some of which were payments for his wife and personal vehicle.

• Mr. Smith claims he will create "much needed corporate charters and policies that will define exactly how the board will discharge its duties…": Almost all of the charters and policies exist, but Mr. Smith simply chose to ignore them, despite being at the helm of Fancamp – including as Chairman – for decades and oversaw their creation and implementation.

• Mr. Smith claims he will give new management "a clear mandate and budget…": Many of the current problems facing the Corporation, including the costly and unnecessary proxy fight currently in progress, could have been avoided had Mr. Smith had this inclination when he was president and CEO. The current Board repeatedly asked Mr. Smith to provide formal budgets and to obtain Board approval prior to spending shareholders’ money. Mr. Smith repeatedly refused. Why should anyone believe things will be different this time?

• Mr. Smith claims he will "initiate a marketing strategy to communicate the value of the Company to financial institutions and retail investors.":Creating open lines of communications is already well underway thanks to the current management team. The management team has:

  • Engaged external investor relations expertise;

  • Created a new inquiries mailbox so shareholders can submit questions or comments at their convenience;

  • Established social media accounts to connect with shareholders and share the latest news;

  • Launched an email distribution to keep shareholders informed; and

  • Developed a new website, an important channel for shareholders to obtain materials on Fancamp – after multiple requests to Mr. Smith, who blocked management’s access to the previous website.

• If elected, Mr. Smith claims his ‘plan’ will allow his handpicked nominees and management team "time to figure out exactly what we have on hand. The ultimate goal of this exercise will be to develop technically solid targets on several properties…": As stated above, this work is well underway thanks to the current management team and Board.

When reviewing Mr. Smith’s ‘plan,’ shareholders should ask themselves:

• Mr. Smith was an executive at Fancamp for 34 years and led the Corporation’s exploration; why doesn’t he already know what Fancamp has on hand?

• Mr. Smith had 34 years to develop technically solid targets; why is he only just creating them now?

• And Mr. Smith had 34 years; why does he need MORE time to figure things out?

See Fancamp’s Plan in Action and Meet Our Qualified Director Nominees

In contrast to Mr. Smith’s history of value destruction and wasted money, Fancamp and its exceptionally qualified and experienced director nominees have an action-oriented, three-pronged growth strategy to enhance shareholder value and increase returns.

Watch here:

• Video: Fancamp’s Plan for Growth and Shareholder Value

• Video: Our Experienced Directors

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

Only your vote can stop Mr. Smith from taking back control of the Corporation.

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

Advisors

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

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

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

Forward-looking Statements

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210616005782/en/

Contacts

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

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

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

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

When Is Debt A Problem?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Of course, plenty of companies use debt to fund growth, without any negative consequences. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

Check out our latest analysis for Iluka Resources

What Is Iluka Resources's Debt?

As you can see below, Iluka Resources had AU$36.9m of debt at December 2020, down from AU$54.0m a year prior. However, it does have AU$87.1m in cash offsetting this, leading to net cash of AU$50.2m.

How Strong Is Iluka Resources' Balance Sheet?

According to the last reported balance sheet, Iluka Resources had liabilities of AU$261.2m due within 12 months, and liabilities of AU$810.4m due beyond 12 months. Offsetting this, it had AU$87.1m in cash and AU$81.6m in receivables that were due within 12 months. So its liabilities total AU$902.9m more than the combination of its cash and short-term receivables.

While this might seem like a lot, it is not so bad since Iluka Resources has a market capitalization of AU$3.43b, and so it could probably strengthen its balance sheet by raising capital if it needed to. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk. While it does have liabilities worth noting, Iluka Resources also has more cash than debt, so we're pretty confident it can manage its debt safely.

It is just as well that Iluka Resources's load is not too heavy, because its EBIT was down 46% over the last year. When a company sees its earnings tank, it can sometimes find its relationships with its lenders turn sour. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Iluka Resources's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.

Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. Iluka Resources may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. Looking at the most recent three years, Iluka Resources recorded free cash flow of 45% of its EBIT, which is weaker than we'd expect. That's not great, when it comes to paying down debt.

Summing up

Although Iluka Resources's balance sheet isn't particularly strong, due to the total liabilities, it is clearly positive to see that it has net cash of AU$50.2m. So we are not troubled with Iluka Resources's debt use. Of course, we wouldn't say no to the extra confidence that we'd gain if we knew that Iluka Resources insiders have been buying shares: if you're on the same wavelength, you can find out if insiders are buying by clicking this link.

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – June 16, 2021) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") is pleased to announce that the Company has engaged Precision GeoSurveys Inc. ("Precision") of Langley, British Columbia to perform a detailed airborne magnetic survey over the Company's 100% owned Wheaton Creek Gold property (the "Property), located in Skeena Mining Division of Northern British Columbia.

The survey will consist of approximately 305-line kilometres flown at 100-metre spacings utilizing Precision's exclusive triple boom magnetic gradient tool. The Property partially overlies the Cache Creek Ultramafic Complex which is known to host prolific ophiolite mesothermal high grade gold quartz veins in the historic Atlin Mining Camp, located approximately 300 km north west of the Property. The survey objective is to refine drill targets by outlining the contact boundary between the magnetic ultramafic Cache Creek Complex and sedimentary rocks. Mesothermal gold mineralization is typically located along the contact boundaries in association with listwanite deposition.

Given the critical importance of the geophysical information for guiding future drilling on the Property, the decision was taken to complete the survey first and delay drilling until later in the summer. The airborne survey is expected to be completed the week of June 14, 2021.

Pacific Bay's Vice President of Exploration, Sebastien Ah Fat, explains, "The Atlin Mining Camp is a significant producer of placer gold in British Columbia where the source of placer gold was found to be located in proximity to the placer mines; near contact or at boundaries of ultramafic and sedimentary rock. The similarities in geology between Atlin and Wheaton Creek as well as the presence of significant placer gold mining operations at Wheaton Creek lead us to believe there is significant potential to discover high grade mesothermal gold mineralization at the Property."

In conjunction with the commencement of the airborne magnetic survey, the Company's VP of Exploration, Sebastien Ah Fat, and VP of Operations, Antonio Vespa, will be conducting a site visit to perform reconnaissance at the Property this week. The site visit objective is to gather information and prepare the Property for further exploration activities, including a geochemical soil survey and diamond drilling, later this summer.

Figure 1: Wheaton Creek Property map with Geology

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3362/87647_a6901568248938fd_002full.jpg

Wheaton Creek Highlights:

• 3,019 hectares of mineral tenures 100% owned by the Company

• 1986 drillhole 86-01 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold

• 5-year multi-year area based (MYAB) permit in good standing

• Notice of work (NOW) application approved

Note: all above reported intercepts are core lengths only as the true width of the structures has not yet been determined.

Sebastien Ah Fat, P.Geo., a Qualified Person as defined by National Instrument 43-101, approved the technical information in this release.

On Behalf of the Board of Directors

David Brett, CEO
dbrett@pacificbayminerals.com
(604) 682-2421

Helder Carvalho, Vice President, Corporate Development
hcarvalho@pacificbayminerals.com

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to the expected use of proceeds of the Financing. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.

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.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87647

Figure 1

Location of the Avispa Exploration Property Area and major copper mines in northern Chile.

TORONTO, June 15, 2021 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to announce the commencement of exploration of its 170 km² Avispa copper molybdenum exploration concessions (Avispa or the “property”) located in the Atacama Desert of northern Chile. The Avispa project is situated within the well-defined north to south trending late Paleocene to early Eocene Cu-Mo porphyry belt of northern Chile that hosts some giant operating porphyry copper mines. The property is located approximately 40 km north of BHP’s Spence Cu-Mo mine and KGHM’s Sierra Gorda Cu-Mo mine which are situated in this belt. Avispa is also 50 km west of Codelco’s Chuquicamata supergiant porphyry copper mine that occurs within the younger late Eocene – early Oligocene porphyry belt (Figure 1). The property is surrounded by major mining companies with exploration and mining concessions including; Codelco in the north and Freeport and Glencor to the south with Antofagasta and SQM to the east and west.

The prospective geology of the Avispa project is below a sequence of cover rocks consisting of gravels and fine-grained clastic sediments intercalated with evaporite deposits of Tertiary age. These sediments are underlain by Paleocene volcanics and Cretaceous monzodiorite and diorite porphyries (Figure 1). The Avispa district was previously the target of some wide-spaced exploration drilling.

Dr. Tony Harwood, President and Chief Executive Officer of Montero commented, “Montero has secured 17,000 hectares in this highly prospective copper district in proximity and in the same geological setting as world class operating copper molybdenum mines. The Avispa exploration program will be the first step in defining drill target areas to test for buried porphyry and porphyry-related copper molybdenum mineral deposits.”

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8736c3f-158a-4086-af95-cf29fd57cb02

Planned Exploration Program
Montero has completed a thorough investigation of historical information on exploration in this highly prospective area and aims to utilize cutting edge exploration technology with the objective of developing drilling targets. The Company has planned an exploration program that includes; geological mapping, surface sampling, ground, and airborne geophysical surveys.

Reconnaissance mapping has shown extensive areas of Tertiary evaporites with intercalated sediments that overlay older volcanic and intrusive rocks hosting the porphyry deposits in the area. The area will be initially mapped and prospected on a scale of 1:10,000. A rock chip and soil sampling program will be undertaken to help define geochemical signatures of any buried mineralization. Our geologists will also sample surface RC stockpiles that have been left next to RC drill holed left by previous companies that has drilled in the area. Geophysical work planned in the future will include airborne magnetics over selected areas of the property to define possible buried porphyry targets and controlling structural features. Targets will be prioritized for reverse circulation drill testing.

Previous companies to have explored Avispa include BHP that conducted limited drilling on the property at 2 km to 3 km spacing as part of a regional exploration program. Montero believes that there is potential for buried porphyry and porphyry-related deposits with smaller footprints than those sought by major companies.

Montero’s Chief Geologist, Marcial Vergara, has reviewed publicly available data on Avispa and has conducted a field visit. Marcial previously worked for Codelco and Anglo American, both major operating copper mining companies in Chile. Montero has adopted a prospect generator model at Avispa where it will de-risk the project and carry out limited exploration while seeking a partner to advance the project through the drill phase. This will provide Montero shareholders with exposure to the copper space while it continues to focus on the gold-silver potential of southern Chile.

Qualified Person's Statement
This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr.Sci.Nat. and Sr. Marcial Vergara B.Sc. who are qualified persons for the purpose of National Instrument 43-101. Sr Vergara is based in Santiago and has more than 30 years’ experience in copper exploration experience in Chile.

About Montero
Montero is a junior exploration company focused on finding, exploring, and advancing globally significant gold deposits in Latin America. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Latin America. Montero’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal and copper projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 38,647,485 shares outstanding.

For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: ir@monteromining.com
Tel: +1 416 840 9197 | Fax: +1 866 688 4671
www.monteromining.com

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates with respect to the Share Consolidation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the agreement, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the agreement on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

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

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

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

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

AN OPEN LETTER TO THE SMITH ACTIVIST NOMINEES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Sincerely,
Fancamp Exploration Ltd.

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

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

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

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

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

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

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

Contacts

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

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

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

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

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

Highlights:

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

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

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

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

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

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

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

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

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

Diamcor Mining Inc.
www.diamcormining.com

For further information contact:

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

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

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

WE SEEK SAFE HARBOUR

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

SOURCE: Diamcor Mining Inc.

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

Figure 1

Elrond project location

Figure 2

Elrond geology

Figure 3

Regional Mag

Figure 4

Elrond Au-bearing pegmatites and granites

Figure 5

Elrond showing

MONTREAL, June 15, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the start of a new exploration campaign on its Elrond project (100% Midland), located in Eeyou Istchee James Bay, Quebec. This project is located near the new gold discoveries made by Harfang Exploration Inc. (“Harfang”) on the Serpent project. The summer 2021 exploration program on Elrond consists of a till geochemistry survey that was completed at the end of May, and a prospecting and mapping campaign that will take place in August-September.

The Elrond project was initiated in 2017 and targeted a previously unexplored segment of the contact between the La Grande and Opinaca geological subprovinces. This contact is a major metallotect in the James Bay region and hosts numerous gold deposits and occurrences, including the Eleonore mine and the La Grande Sud, Cheechoo, Corvet-Est and Orfée deposits. The La Pointe gold deposit, located approximately 15 kilometres northeast of the Elrond project, also sits directly on this prolific contact. The Elrond project is also located immediately southeast of new high-grade gold discoveries made by Harfang Exploration on its Serpent project.

Several gold occurrences were discovered by Midland in only 6 days of prospecting in 2017 and 2019 on Elrond. In the southwest part of the project, grab samples from an amphibolite with strong arsenopyrite and pyrite mineralization graded 4.53 g/t Au and 3.23 g/t Au (these results were disclosed in a press release dated October 12, 2017; note that grades obtained in grab samples are not necessarily indicative of the mineralized zone as a whole). Approximately 100 metres further north, grab samples from a sheared and silicified amphibolite with pyrite mineralization graded 2.17 g/t Au, 1.81 g/t Au and 1.69 g/t Au (two of these three results were previously unpublished). Approximately one (1) kilometre northeast of these two occurrences, another grab sample, collected in a late felsic dyke injected in an amphibolite, graded 2.49 g/t Au and 0.2% Bi (previously unpublished results). In the northeast part of the project, a disseminated sulphide zone several metres wide, centered on a fault transecting a late pegmatitic granitoid yielded several anomalous values in Au, Bi and Mo. Seven (7) grab samples collected over an area of 3 metres by 2 metres in this mineralized zone yielded gold grades ranging from 0.38 g/t Au to 1.63 g/t Au, (previously unpublished results) as well as high Mo (0.005% Mo to 0.06% Mo) and Bi (0.01% Bi to 0.05% Bi) values. The mineralized zone remains open to the north and east.

Au-Mo-Bi mineralization occurring in two of the four showings discovered to date on Elrond is hosted in late granodiorites or granites of the Vieux-Comptoir Suite. In addition, the Au-Mo-Bi metal association suggests these occurrences belong to a “reduced intrusion-related gold” deposit model. This type of mineralization typically forms low-grade but very high-tonnage gold deposits. The Cheechoo gold deposit, also located along the La Grande-Opinaca contact further east, is also considered of this type (Fontaine et al., 2018) and is also associated with a late felsic intrusive (granodiorite) host rock. Showings on Elrond therefore suggest potential for “reduced intrusion-related gold” on the project. The other two Au±As showings are more likely typical orogenic occurrences and also indicate potential for this type of mineralization.

A glacial sediment (till) survey totalling eighty (80) samples was carried out in late May on Elrond, to identify areas with significant gold concentrations. Till samples will be processed throughout the summer using the following methods: gold grain counts and characterization, heavy mineral concentrate analysis, and analysis of the fine fraction for gold and other metals. A follow-up prospecting campaign of gold-in-till anomalies and existing gold occurrences on the project is planned near the end of the field season.

Cautionary statement:

Mineralization occurring on the Serpent project and at the Eleonore, La Pointe, La Grande Sud, Cheechoo, Corvet-Est and Orfée deposits is not necessarily indicative of mineralization that may be found on the Elrond property held by Midland.

Quality control

Exploration program design and interpretation of results are performed by qualified persons employing a Quality Assurance/Quality Control program consistent with industry best practices, including the use of standards and blanks at a rate of 1 per 20 samples. Rock samples on the project are assayed for gold by standard 30-gram fire-assaying with inductively coupled plasma atomic emission spectroscopy (ICP-AES; Au-ICP21) or gravimetric finish (Au-GRA21) at ALS Minerals laboratories in Vancouver, British Columbia. All samples are also analyzed for multi-elements using the four-acid ICP-AES method (ME-ICP61), also at ALS Minerals laboratories in Vancouver, British Columbia.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP Canada Inc., Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

This press release was prepared by Mario Masson, P.Geo., VP Exploration for Midland and Qualified Person as defined by NI 43-101.

For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com

Website: https://www.midlandexploration.com/

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

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/67cd1966-af0b-4b19-8533-48227c209519

https://www.globenewswire.com/NewsRoom/AttachmentNg/160439f0-aa15-4701-b2b5-fb5534bc945b

https://www.globenewswire.com/NewsRoom/AttachmentNg/9fe4eed9-f76c-4295-a72e-f29b57e709f5

https://www.globenewswire.com/NewsRoom/AttachmentNg/86e79055-dcba-4c2e-89f1-29199194cca8

https://www.globenewswire.com/NewsRoom/AttachmentNg/4e5be5b4-337a-41f7-81e8-c0d2b6aa7f21

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

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

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

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

About Medallion Resources

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

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

Contact(s):

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

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

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

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

About The Mosaic Company

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

The Mosaic Company Contacts

Media:

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

Investors:

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

SOURCE: The Mosaic Company

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

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

Highlights:

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

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

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

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

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

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

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

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

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

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

About Global Laser Enrichment

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

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

The Paducah Uranium Production Project (Paducah project)

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

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

Silex Profile

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

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

Cameco Profile

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

Caution Regarding Forward-Looking Information and Statements

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

This forward-looking information is based on a number of assumptions, including assumptions regarding: Mr. Dobchuk’s ability to achieve the objectives of his role; the ability of GLE to complete the development and commercialization of the SILEX technology; the extent of future market demand for the SILEX technology, and its ability to compete against any similar or alternative technology which may be developed; GLE’s ability to become a provider of HALEU for the intended markets; and GLE’s ability to purchase depleted uranium from the DOE’s stockpiles in Paducah, Kentucky and to construct the proposed laser enrichment facility using the SILEX technology. This information is subject to a number of risks, including: the risk that Mr. Dobchuk will face unexpected impediments in executing his responsibilities; the risk that GLE may not be able to complete the development of the SILEX technology successfully or, once developed, may not be able to commercialize it effectively; the risk of a decrease in future market demand for the SILEX technology; the risk that other similar or alternative technologies may be developed, and may achieve success in competing with the SILEX technology; the risk that GLE may not be able to become a provider of HALEU for the intended markets; and the risk that GLE may not be able continue to have access to the DOE’s depleted uranium stores in Paducah, Kentucky or that the proposed laser enrichment facility may not be successfully completed. The forward-looking information in this news release represents our current views, and actual results may differ significantly. Forward-looking information is designed to help you understand our current views, and may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.

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

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

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

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

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

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

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

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

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

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

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

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

Fancamp’s Plan for Growth

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

Only Your Vote Can Stop Mr. Smith from Destroying Fancamp

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

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

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

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

Advisors

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

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

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

Forward-looking Statements

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

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

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

Contacts

For Further Information

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

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

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

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

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

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

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

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

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

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

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
 
Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

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

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

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

Figure 1

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

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

Grant of Stock Options

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

About InZinc

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

InZinc Mining Ltd.

Wayne Hubert
_____________________________

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

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

Qualified Person

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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

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

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

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

Stanley Druckenmiller of Duquesne Capital

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

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

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

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

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

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

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

View table here if you experience formatting issues.

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

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

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

Related Content

• How to Best Use Insider Monkey To Increase Your Returns

• 10 Best Small-Cap Biotech Stocks Under $10 in 2021

• 19 Largest Construction Companies In the World

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

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

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

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

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

The larger trends towards digital and fintech are expected to continue driving market trends in the coming months, further pummeling the traditional finance world that has been hit hard by tech-led disruption. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Mohamed Hadji on Unsplash

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

Penny Stocks Robinhood Traders Are Buying in 2021

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

Number of Hedge Fund Holders: 8

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

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

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

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

9. Uxin Limited (NASDAQ: UXIN)

Number of Hedge Fund Holders: 3

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

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

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

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

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

8. Abeona Therapeutics Inc. (NASDAQ: ABEO)

Number of Hedge Fund Holders: 7

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

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

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

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

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

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

Number of Hedge Fund Holders: 2

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

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

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

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

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

6. NexGen Energy Ltd. (NYSE: NXE)

Number of Hedge Fund Holders: 13

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

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

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

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

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

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

Suggested Articles:

• 15 Most Valuable Alcohol Companies

• Chuck Akre’s Top 10 Stock Holdings

• Billionaire Julian Robertson’s Top 10 Stocks

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

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

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

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

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

About Strategic Metals Ltd.

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

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

ON BEHALF OF THE BOARD

"W. Douglas Eaton"
President and Chief Executive Officer

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

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

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

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

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

SOURCE: Strategic Metals Ltd.

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

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

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

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

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

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

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

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

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

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

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

Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including closing of the transaction with Yamana Gold Inc., or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.

In this article we are going to estimate the intrinsic value of Rio Tinto Group (LON:RIO) by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

See our latest analysis for Rio Tinto Group

Crunching the numbers

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$78b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (0.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 6.8%.

Terminal Value (TV)= FCF₂₀₃₀ × (1 + g) ÷ (r – g) = US$9.2b× (1 + 0.9%) ÷ (6.8%– 0.9%) = US$158b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$158b÷ ( 1 + 6.8%)¹⁰= US$82b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$160b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of UK£61.2, the company appears about fair value at a 12% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

The assumptions

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Rio Tinto Group as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.8%, which is based on a levered beta of 1.107. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Next Steps:

Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Rio Tinto Group, we've compiled three pertinent aspects you should look at:

1. Risks: For example, we've discovered 3 warning signs for Rio Tinto Group (1 is concerning!) that you should be aware of before investing here.

2. Future Earnings: How does RIO's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the LSE every day. If you want to find the calculation for other stocks just search here.

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

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

Vancouver, British Columbia–(Newsfile Corp. – June 14, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a diamond drilling program has commenced at its Firebird Nickel Project ("Firebird") located near the town of Stony Rapids in northern Saskatchewan. The drilling program, totaling approximately 1,500 metres, is fully-funded by ALX's exploration partner Rio Tinto Exploration Canada Inc. ("Rio Tinto") and is expected to be completed in mid-July 2021 with ALX as operator.

About the Firebird 2021 Exploration Program

The Firebird 2021 exploration program began in the first week of June with a ground-truthing program of geophysical anomalies that were detected in the airborne VTEM™ Max survey completed in October 2020 (see ALX news release dated November 9, 2020, "ALX Resources Corp. and Rio Tinto Locate Airborne EM Anomalies at the Firebird Nickel Project").

The 2020 airborne survey successfully delineated several new anomalous zones of strong conductivity in the northern part of Firebird where no modern airborne survey had ever been flown and high-grade nickel is present on surface. For example, in July 2020 ALX sampled up to 2.43% nickel in surface grab sampling in the Wiley Lake target area and up to 1.31% nickel in outcrop drilling using a portable backpack drill (see ALX news release dated July 27, 2020, "ALX Resources Corp. Samples up to 2.43% Nickel and 8.34 Grams/Tonne Gold in the Northern Athabasca Region, Saskatchewan"). ALX and Rio Tinto personnel subsequently identified high-priority anomalies from the VTEM™ survey results based on their strong conductivity and coincident high magnetic responses, which may suggest the presence of sulphides. Additional processing and modelling of the final survey data led to target selection for the 2021 drilling program – up to eight holes are planned.

Firebird is currently the subject of an option agreement whereby Rio Tinto Exploration Canada Inc. ("Rio Tinto") can earn up to an 80% interest in Firebird by incurring exploration expenditures of $12.0 million over a six-year period and by making a total of $125,000 in cash payments to the Company (see ALX news release dated August 24, 2020, "ALX Resources Corp. Announces Earn-In for the Falcon Nickel Project").

Click on the highlighted link to view maps and pictures of ALX's exploration activities at the Firebird Nickel Project.

NationaI Instrument 43-101 Disclosure

The technical information in this news release has been reviewed and approved by Sierd Eriks, P.Geo., President and Chief Geologist of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

Drill core and grab samples described in this news release were shipped to SRC Geoanalytical Laboratories in Saskatoon, Sask. Base metals were analyzed using a four-acid digestion with inductively coupled plasma mass spectrometry (ICP-MS). Samples that returned over 10,000 parts per million nickel were analyzed with HCl/HNO3 (hydrogen chloride/nitric acid) digestion, followed by base metal weight percentage assay by inductively coupled plasma optical emission spectroscopy (ICP-OES). Gold, platinum and palladium were analyzed by fire assay techniques. Readers are cautioned that grab samples are selective by nature and may not represent the true mineralization on the property.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL," on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF." ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include gold, nickel, copper, and uranium projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan and Ontario, stable Canadian jurisdictions that collectively host the highest-grade uranium mines in the world and offer a significant legacy of production from gold and base metals mines.

ALX owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Vixen Gold Project, the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, and in the Draco VMS Project in Norway. ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the prolific Patterson Lake Corridor, with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project, a joint venture with UEX Corporation and Orano Canada Inc., and a 100% interest in the Gibbons Creek Uranium Project.

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

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

"Warren Stanyer"

Warren Stanyer, CEO and Chairman
FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include references to ALX's exploration projects, their prospectivity for minerals, and the Company's plans to undertake exploration activities at its projects. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at its projects, including drilling; initial findings at its projects may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at its projects; and economic, competitive, governmental, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop our projects, and even if nickel, gold or other metals or minerals are discovered in quantity, the projects may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Three Months Ended March 31, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87365

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Peninsula Energy (ASX:PEN) stock is up 136% in the last year, providing strong gains for shareholders. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So notwithstanding the buoyant share price, we think it's well worth asking whether Peninsula Energy's cash burn is too risky. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. 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 Peninsula Energy

When Might Peninsula Energy Run Out Of Money?

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at December 2020, Peninsula Energy had cash of US$8.4m and no debt. Looking at the last year, the company burnt through US$7.8m. That means it had a cash runway of around 13 months as of December 2020. Importantly, analysts think that Peninsula Energy will reach cashflow breakeven in 3 years. Essentially, that means the company will either reduce its cash burn, or else require more cash. Depicted below, you can see how its cash holdings have changed over time.

How Well Is Peninsula Energy Growing?

Peninsula Energy reduced its cash burn by 16% during the last year, which points to some degree of discipline. And considering that its operating revenue gained 40% during that period, that's great to see. We think it is growing rather well, upon reflection. Clearly, however, the crucial factor is whether the company will grow its business going forward. So you might want to take a peek at how much the company is expected to grow in the next few years.

How Hard Would It Be For Peninsula Energy To Raise More Cash For Growth?

Even though it seems like Peninsula Energy is developing its business nicely, we still like to consider how easily it could raise more money to accelerate growth. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Peninsula Energy has a market capitalisation of US$125m and burnt through US$7.8m last year, which is 6.3% of the company's market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

How Risky Is Peninsula Energy's Cash Burn Situation?

The good news is that in our view Peninsula Energy's cash burn situation gives shareholders real reason for optimism. One the one hand we have its solid cash burn relative to its market cap, while on the other it can also boast very strong revenue growth. One real positive is that analysts are forecasting that the company will reach breakeven. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. Taking a deeper dive, we've spotted 2 warning signs for Peninsula Energy you should be aware of, and 1 of them can't be ignored.

Of course Peninsula Energy may not be the best stock to buy. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

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

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

In this article you are going to find out whether hedge funds think First Western Financial, Inc. (NASDAQ:MYFW) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.

Is MYFW a good stock to buy? Hedge fund interest in First Western Financial, Inc. (NASDAQ:MYFW) shares was flat at the end of last quarter. This is usually a negative indicator. Our calculations also showed that MYFW isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). At the end of this article we will also compare MYFW to other stocks including EMCORE Corporation (NASDAQ:EMKR), Oncolytics Biotech, Inc. (NASDAQ:ONCY), and Natural Resource Partners LP (NYSE:NRP) to get a better sense of its popularity.

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.

Fred Cummings of Elizabeth Park 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 let's take a gander at the recent hedge fund action encompassing First Western Financial, Inc. (NASDAQ:MYFW).

Do Hedge Funds Think MYFW 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 the previous quarter. Below, you can check out the change in hedge fund sentiment towards MYFW over the last 23 quarters. With hedgies' capital changing hands, there exists a few key hedge fund managers who were adding to their stakes considerably (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Elizabeth Park Capital Management, managed by Fred Cummings, holds the biggest position in First Western Financial, Inc. (NASDAQ:MYFW). Elizabeth Park Capital Management has a $7.8 million position in the stock, comprising 2.6% of its 13F portfolio. On Elizabeth Park Capital Management's heels is Basswood Capital, managed by Matthew Lindenbaum, which holds a $2.1 million position; the fund has 0.1% of its 13F portfolio invested in the stock. In terms of the portfolio weights assigned to each position Elizabeth Park Capital Management allocated the biggest weight to First Western Financial, Inc. (NASDAQ:MYFW), around 2.6% of its 13F portfolio. Mendon Capital Advisors is also relatively very bullish on the stock, dishing out 0.18 percent of its 13F equity portfolio to MYFW.

We view hedge fund activity in the stock unfavorable, but in this case there was only a single hedge fund selling its entire position: Renaissance Technologies. One hedge fund selling its entire position doesn't always imply a bearish intent. Theoretically a hedge fund may decide to sell a promising position in order to invest the proceeds in a more promising idea. However, we don't think this is the case in this case because only one of the 800+ hedge funds tracked by Insider Monkey identified as a viable investment and initiated a position in the stock (that fund was Basswood Capital).

Let's go over hedge fund activity in other stocks similar to First Western Financial, Inc. (NASDAQ:MYFW). We will take a look at EMCORE Corporation (NASDAQ:EMKR), Oncolytics Biotech, Inc. (NASDAQ:ONCY), Natural Resource Partners LP (NYSE:NRP), Level One Bancorp, Inc. (NASDAQ:LEVL), Gold Resource Corporation (NYSE:GORO), Jowell Global Ltd. (NASDAQ:JWEL), and Community Bankers Trust Corp. (NASDAQ:ESXB). This group of stocks' market valuations are similar to MYFW's market valuation.

[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position EMKR,19,62826,4 ONCY,2,542,-1 NRP,1,9040,0 LEVL,3,1160,1 GORO,6,2110,-1 JWEL,1,279,1 ESXB,6,19789,1 Average,5.4,13678,0.7 [/table]

View table here if you experience formatting issues.

As you can see these stocks had an average of 5.4 hedge funds with bullish positions and the average amount invested in these stocks was $14 million. That figure was $10 million in MYFW's case. EMCORE Corporation (NASDAQ:EMKR) is the most popular stock in this table. On the other hand Natural Resource Partners LP (NYSE:NRP) is the least popular one with only 1 bullish hedge fund positions. First Western Financial, Inc. (NASDAQ:MYFW) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for MYFW is 28.6. 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 negative signal and 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 17.2% in 2021 through June 11th and surpassed the market again by 3.3 percentage points. Unfortunately MYFW wasn't nearly as popular as these 5 stocks (hedge fund sentiment was quite bearish); MYFW investors were disappointed as the stock returned 6.4% since the end of March (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 in 2021.

Get real-time email alerts: Follow First Western Financial Inc (NASDAQ:MYFW)

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

Related Content

• How to Best Use Insider Monkey To Increase Your Returns

• 25 Best US Cities To Live with Asthma

• 20 Companies That Are The Biggest Polluters in the World

Figure 1:

Abu Marawat regional geology, showing the location of the Rodruin and Hamama projects

VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") is pleased to announce that it has signed a contract with Energold Drilling Ltd. to carry out a minimum of 4,250 metres of diamond drilling at the Corporation’s Abu Marawat Concession. The drilling program will be focused on the Rodruin and Hamama projects (see Figure 1), with drilling expected to commence in September.

Figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/3823da08-fabb-4285-ac1a-87bb11352569

The program will commence at Rodruin with 3,350 metres of drilling, with the objective of following up on the successful 2018 reverse circulation percussion drill program, as well as testing for the first time the high grade veins sampled at surface on the North Ridge, which returned assays of up to 321 g/t Au (see news release, dated February 6, 2018). Drilling will also further test and delineate the distribution of the near-surface oxide mineralisation identified on the South Ridge, which returned intercepts including 36m @ 12.47 g/t Au (see news release, dated October 1, 2018) and 20m @ 5.36 g/t Au (see news release, dated December 10, 2018). The program will also follow up on the deeper sulphide mineralisation which returned wide intersections including 61m @ 1.55 g/t Au, 8.9 g/t Ag and 0.86% Zn (see news release, dated January 29, 2019).

The drilling program at Hamama will consist of 900 metres of drilling with the objective of delineating additional oxide and transitional resources at the Hamama East and Central areas, which have not been effectively drill tested to date. Channel sampling of surface trenches has indicated the potential for relatively high grade oxide mineralisation, and has returned intercepts including 84m @ 1.13 g/t Au, 49.7 g/t Ag and 7.29% Zn and 42.8m @ 1.28 g/t Au, 55.5 g/t Ag and 10.37% Zn (see news release dated May 3, 2018).

Bill Koutsouras, Aton’s Interim CEO & Chairman of the Board stated, “We are pleased to announce the upcoming drilling programs at the promising Rodruin and Hamama Projects as we embark on an aggressive exploration strategy to unlock value from our Abu Marawat Concession Area. We have recently re-opened our Hamama camp and will initiate construction shortly of a new exploration camp at Rodruin that will be more centrally located within our Concession and serve as the main base going forward for exploration on other high priority regional targets”.

About Aton Resources Inc.

Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession (“Abu Marawat”), located in Egypt’s Arabian-Nubian Shield, approximately 200 km north of Centamin’s world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the advanced Rodruin exploration prospect in the south of the Concession. Two historic British gold mines are also located on the Concession at Sir Bakis and Semna. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety of styles of precious and base metal mineralisation. Abu Marawat is 447.7 km² in size and is located in an area of excellent infrastructure; a four-lane highway, a 220kV power line, and a water pipeline are in close proximity, as are the international airports at Hurghada and Luxor.

Qualified Person

The technical information contained in this News Release was prepared by Javier Orduña BSc (hons), MSc, MCSM, DIC, MAIG, SEG(M), Exploration Manager of Aton Resources Inc. Mr. Orduña is a qualified person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

For further information regarding Aton Resources Inc., please visit us at www.atonresources.com or contact:

BILL KOUTSOURAS

Interim CEO
Tel: +1 345 525 2512
Email: info@atonresources.com

Note Regarding Forward-Looking Statements

Some of the statements contained in this release are forward-looking statements. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

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

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

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 Endeavour’s ability to create sustainable shareholder value over the long term, and the potential for continued or future dividends.

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..

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

• 210602 – NR – Admission to trading

VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, announced today that LANXESS Corporation (the “Lender”) has elected for the early conversion in full of its loan facility (the “Loan”) previously advanced to the Company.

Conversion of the Loan will allow the Company to strengthen its balance sheet with the elimination of long-term debt and conserve capital for ongoing project development work. The early conversion of the Loan will also reduce interest expense and positions the Lender as a key shareholder.

The Company has issued 6,251,250 common shares, and 3,125,625 share purchase warrants (each, a “Warrant”), to the Lender in connection with the conversion of the outstanding Loan and has retired the principal of the Loan in the amount of US$3,750,000. Each warrant is exercisable to acquire an additional common share of the Company at a price of C$1.20 until June 10, 2024. For further information regarding the terms of the Loan, readers are encouraged to review the news release issued by the Company on October 30, 2019.

About Standard Lithium Ltd.

Standard Lithium is an innovative technology and lithium development company. The company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The company has commissioned its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess's south plant facility in southern Arkansas. The demonstration plant utilizes the company's proprietary LiSTR technology to selectively extract lithium from Lanxess's tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino county, California.

Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC – Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.

On behalf of the Board of Standard Lithium Ltd.

Robert Mintak, CEO & Director

For further information, contact Anthony Alvaro at (604) 240 4793

Twitter @standardlithium

Linkedin https://www.linkedin.com/company/standard-lithium/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Silver is valued both as an industrial metal and as a precious metal. Silver mining companies are engaged in the acquisition, exploration, development, and production of mineral properties. Silver is often a byproduct produced from mining these other metals.

Vancouver, British Columbia–(Newsfile Corp. – June 14, 2021) – SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) ("Salazar" or the "Company") has appointed Ms. Mary Gilzean as a director of the Company.

Fredy E. Salazar, CEO and President, commented, "On behalf of the Salazar Resources team, I am delighted to welcome Mary to the Board of Directors. She brings a wealth of expertise that will be an asset as we target the next great copper-gold discovery in Ecuador. As well as her geological and exploration experience, we will benefit from her HR track record as we continue to grow the Company. In particular, I am pleased that, like Salazar Resources, Mary is genuinely committed to ensuring that the Company projects have a positive impact on Ecuadorian communities and the economy. Her non-profit experience will be a great resource for The Salazar Foundation to draw upon."

Mary Gilzean has over 25 years of experience in international mineral exploration and human resources management. Mary spent the first ten years of her career as an exploration geologist of increasing seniority in Argentina, Mexico/Caribbean and the USA. In 1995 she was Chief Geologist for the BHP/Benco JV exploring for diamonds, offshore Namibia. From 1996 to 2000 she was Minerals Exploration Manager, Europe and North Africa for BHP. From 2001 to 2007 Mary was Global and Regional HR Manager, Exploration for BHP, based in Vancouver. In 2008 Mary was appointed Manager (and then Director), International Human Resources for Teck Resources Ltd, a position she held for four years.

Mary graduated with a B.Sc in Geology from Stanford University in 1979, and a M.Sc in Geology from the University of California, Berkeley in 1983. She has served on the boards of several non-profit organizations in the Vancouver area, and speaks Spanish.

The Company has granted stock options to Ms. Gilzean for the purchase of up to 500,000 common shares of the Company, at a price of $0.37 per share, for a period of five years. The options shall vest at one-third per year over three years. In addition, pursuant to the restricted share unit plan adopted by the Company in September 2020, the Company granted 100,000 restricted share units ("RSU") to Ms. Gilzean. The RSUs vest two years from the grant date.

About Salazar

Salazar Resources is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in-country, and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines.

Salazar Resources has a wholly-owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organisation dedicated to sustainable progress through economic development.

The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. A feasibility study is underway and a 2019 PEA generated a base case NPV (8%) of US$288 million. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

For further information from Salazar please contact Merlin Marr-Johnson, Executive Vice President and Corporate Secretary at merlin@salazarresources.com or ir@salazarresources.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 news release.

This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Salazar expects or anticipates will or may occur in the future. Although Salazar 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, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Salazar undertake to update any forward-looking information in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87364

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 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 the 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, Inc. BRG 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 Corp. JJSF 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 Corp. USFD 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 Company ADM 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, Inc. LODE, 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%.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

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

See 3 crypto-related stocks now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Archer Daniels Midland Company (ADM) : Free Stock Analysis Report
 
Bluerock Residential Growth REIT, Inc. (BRG) : Free Stock Analysis Report
 
J & J Snack Foods Corp. (JJSF) : Free Stock Analysis Report
 
Comstock Mining, Inc. (LODE) : Free Stock Analysis Report
 
US Foods Holding Corp. (USFD) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

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

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

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

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

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

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

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

Nonproliferation experts said they were concerned about the signal the approval sends to other countries especially since Washington is trying to stop Iran from enriching 20% uranium.

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

Centrus did not have an immediate comment. NRC spokesperson David McIntyre said the agency had no comment. (Reporting by Timothy Gardner; Editing by Lisa Shumaker)

BETHESDA, Md., June 14, 2021 /PRNewswire/ — Centrus Energy Corp. (NYSE American: LEU) today announced that the U.S. Nuclear Regulatory Commission (NRC) approved the Company's license amendment request to produce High-Assay, Low-Enriched Uranium (HALEU) at the Piketon, Ohio, enrichment facility. The Piketon plant is now the only U.S. facility licensed to enrich uranium up to 20 percent Uranium-235 (U-235) and expects to begin demonstrating HALEU production early next year.

"This approval is a major milestone in our contract with the Department of Energy," said Daniel B. Poneman, Centrus President and CEO. "We appreciate the dedicated and rigorous work of the NRC staff and Commissioners in their review and approval of our license amendment request."

HALEU-based fuels will be required for most of the advanced reactor designs currently under development and may also be utilized in next-generation fuels for the existing fleet of reactors in the United States and around the world. Developers of nine of the ten advanced reactor designs selected for funding under the Department of Energy's Advanced Reactor Demonstration Program, including the two demonstration reactors, have said they will rely on HALEU-based fuels.

Under a 2019 contract with the U.S. Department of Energy's Office of Nuclear Energy, Centrus is constructing a cascade of sixteen AC100M centrifuges – a U.S.-origin technology – to demonstrate production of HALEU. The three year, $115 million, cost-shared contract runs through mid-2022. The NRC license was granted for the period of the DOE contract. Centrus recently released an update on progress of construction for the demonstration cascade and anticipates completing performance under the contract in early 2022. If sufficient funding is provided to continue operation, the license can be amended to extend the term.

What is HALEU?

When uranium ore is extracted from the earth, the concentration of the fissile isotope uranium-235 is less than one percent. Most existing reactors in the United States and worldwide operate on Low-Enriched Uranium (LEU) fuel that has been enriched to a concentration of the U-235 isotope of slightly less than 5 percent. High-Assay Low-Enriched Uranium is further enriched so that the U-235 concentration is between 5 percent and 20 percent. While this is still far below the levels used to produce weapons or power U.S. Navy vessels, HALEU offers unique advantages as an advanced nuclear fuel for both existing and next generation reactors, including greater power density, improved reactor performance, fewer refueling outages, improved proliferation resistance, and smaller volumes of waste.

About Centrus Energy

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

Forward Looking Statements:

This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. In this context, forward-looking statements mean statements related to future events, may address our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Centrus Energy Corp., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following, which may be amplified by the novel coronavirus (COVID-19) pandemic: risks related to natural and other disasters, including the continued impact of the March 2011 earthquake and tsunami in Japan on the nuclear industry and on our business, results of operations and prospects; the impact and potential extended duration of the current supply/demand imbalance in the market for low-enriched uranium ("LEU"); pricing trends and demand in the uranium and enrichment markets and their impact on our profitability; risks associated with our reliance on third-party suppliers to provide essential products and services to us; the impact of government regulation including by the U.S. Department of Energy ("DOE") and the U.S. Nuclear Regulatory Commission; uncertainty regarding our ability to commercially deploy competitive enrichment technology; risks and uncertainties regarding funding for deployment of the American Centrifuge technology and our ability to perform and absorb costs under our agreement with DOE to demonstrate the capability to produce high assay low enriched uranium ("HALEU") and our ability to obtain and/or perform under other agreements; risks relating to whether or when government or commercial demand for HALEU will materialize; the potential for further demobilization or termination of our American Centrifuge work; risks related to our ability to perform and receive timely payment under agreements with DOE or other government agencies, including risk and uncertainties related to the ongoing funding of the government and potential audits; the competitive bidding process associated with obtaining a federal contract; risks related to our ability to perform fixed-price and cost-share contracts, including the risk that costs could be higher than expected; risks that we will be unable to obtain new business opportunities or achieve market acceptance of our products and services or that products or services provided by others will render our products or services obsolete or noncompetitive; risks that we will not be able to timely complete the work that we are obligated to perform; failures or security breaches of our information technology systems; risks related to pandemics and other health crises, such as the global COVID-19 pandemic; the outcome of legal proceedings and other contingencies (including lawsuits and government investigations or audits); the competitive environment for our products and services; changes in the nuclear energy industry; the impact of financial market conditions on our business, liquidity, prospects, pension assets and insurance facilities; and other risks and uncertainties discussed in this and our other filings with the Securities and Exchange Commission, including under Part 1. Item1A – "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 and our quarterly reports on Form 10-Q.

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

Contacts:

Media: Lindsey Geisler, (301) 564-3392, GeislerLR@centrusenergy.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/nrc-approves-centrus-energys-license-amendment-for-haleu-production-301311902.html

SOURCE Centrus Energy Corp.

One stock that might be an intriguing choice for investors right now is Freeport-McMoRan Inc. FCX. This is because this security in the Mining – Non Ferrous space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Mining – Non Ferrous space as it currently has a Zacks Industry Rank of 68 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Freeport-McMoRan is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

FreeportMcMoRan Inc. Price and Consensus

FreeportMcMoRan Inc. price-consensus-chart | FreeportMcMoRan Inc. Quote

In fact, over the past month, current quarter estimates have risen from 70 cents per share to 77 cents per share, while current year estimates have risen from $2.84 per share to $3.18 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Freeport-McMoRan. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

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

See 3 crypto-related stocks now >>

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

FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research