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

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

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

Matthew Lindenbaum of Basswood Capital

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

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

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

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

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

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

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

View table here if you experience formatting issues.

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

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

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

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

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

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

Eric Sprott of Sprott Asset Management

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

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

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

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

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

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

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

View table here if you experience formatting issues.

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

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

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

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The pandemic is helping to soften the reputation of mining companies, often cast as villains.

Most readers would already know that First Quantum Minerals' (TSE:FM) stock increased by 4.4% over the past three months. Given that the stock prices usually follow long-term business performance, we wonder if the company's mixed financials could have any adverse effect on its current price price movement Particularly, we will be paying attention to First Quantum Minerals' ROE today.

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

Check out our latest analysis for First Quantum Minerals

How Is ROE Calculated?

ROE can be calculated by using the formula:

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

So, based on the above formula, the ROE for First Quantum Minerals is:

0.6% = US$65m ÷ US$10b (Based on the trailing twelve months to March 2021).

The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CA$1 of shareholders' capital it has, the company made CA$0.01 in profit.

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

First Quantum Minerals' Earnings Growth And 0.6% ROE

It is quite clear that First Quantum Minerals' ROE is rather low. Even when compared to the industry average of 15%, the ROE figure is pretty disappointing. Given the circumstances, the significant decline in net income by 3.2% seen by First Quantum Minerals over the last five years is not surprising. We believe that there also might be other aspects that are negatively influencing the company's earnings prospects. For example, the business has allocated capital poorly, or that the company has a very high payout ratio.

So, as a next step, we compared First Quantum Minerals' performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 29% in the same period.

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is First Quantum Minerals fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is First Quantum Minerals Using Its Retained Earnings Effectively?

When we piece together First Quantum Minerals' low three-year median payout ratio of 1.1% (where it is retaining 99% of its profits), calculated for the last three-year period, we are puzzled by the lack of growth. This typically shouldn't be the case when a company is retaining most of its earnings. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.

Moreover, First Quantum Minerals has been paying dividends for at least ten years or more suggesting that management must have perceived that the shareholders prefer dividends over earnings growth. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 1.2%. Regardless, the future ROE for First Quantum Minerals is predicted to rise to 11% despite there being not much change expected in its payout ratio.

Conclusion

On the whole, we feel that the performance shown by First Quantum Minerals can be open to many interpretations. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. That being so, the latest industry analyst forecasts show that the analysts are expecting to see a huge improvement in the company's earnings growth rate. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

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.

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Artemis Resources Limited (ASX:ARV).

What Is Insider Selling?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.

Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.

View our latest analysis for Artemis Resources

Artemis Resources Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Executive Director Alastair Clayton bought AU$120k worth of shares at a price of AU$0.12 per share. That means that an insider was happy to buy shares at above the current price of AU$0.059. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Alastair Clayton.

Alastair Clayton bought a total of 2.00m shares over the year at an average price of AU$0.10. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Artemis Resources Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Artemis Resources insiders own about AU$4.4m worth of shares (which is 5.9% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Artemis Resources Tell Us?

Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Artemis Resources insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Artemis Resources. Our analysis shows 6 warning signs for Artemis Resources (2 are concerning!) and we strongly recommend you look at them before investing.

But note: Artemis Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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

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.

QUÉBEC CITY, June 11, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) is pleased to announce that it has closed its recently announced non-brokered private placement (the “Offering”). A total of 5,384,614 units of Stelmine (the "Units") were issued at a price of $0.13 per unit for gross proceeds of $700,000. Each Unit comprised one common share of Stelmine and one-half of a common share purchase warrant. Each full warrant entitles the holder to acquire one common share of the Company at $0.20 for a period of 36 months from issuance. The warrants are callable from Stelmine should the common shares of the company exceed $0.30 for a period of 20 consecutive trading days following the four-month hold.

Three (3) insiders of the Company participated in the private placement for aggregate gross proceeds of $16,750. These insiders purchased Units under the same terms as the other investors. The participation of these insiders is exempt from the formal valuation and shareholder approval requirements pursuant to Sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, on the basis that the fair market value of such participation or the consideration paid by such insiders does not exceed 25% of the market capitalization of the Company.

All securities issued in connection with this Offering are subject to a hold period of four months and one day. The private placement is subject to the approval of the TSX Venture Exchange. Stelmine has not filed a material change report in the 21 days preceding the placement other than in relation to the placement.

Stelmine has now raised total gross proceeds of $1.4 million this month in two separate financings with strategic investors. The funds will be used for exploration on the Courcy and Mercator Projects in the Caniapiscau region and for general working capital purposes. In connection with this placement, the Company will pay finder’s fees of $23,244.

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 km² in this part of northern Quebec, highlighted by the Courcy and Mercator Projects.

Forward-looking statements

Certain information in this press release may contain forward-looking statements, such as statements regarding the expected closing of and the anticipated use of the proceeds from the Offering, acquisition and expansion plans, availability of quality acquisition opportunities, and growth of the Company. This information is based on current expectations and assumptions (including assumptions in connection with obtaining all necessary approvals for the Offering and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include those relating to the ability to complete the Offering on the terms described above. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Cautionary statement

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.

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

For further information, contact:

Isabelle Proulx, President and CEO
Email: iproulx@stelmine.com
Tel: 418-626-6333

Follow us on:

Website : https://stelmine.com/en/
Twitter : https://twitter.com/Stelmine1
LinkedIn : http://www.linkedin.com/company/stelmine-canada-ltd
Facebook: https://www.facebook.com/StelmineCanada/

Resource stocks were driving the FTSE 100 to gains on Friday, lifting the index back toward levels not seen since before the COVID-19 pandemic.

TORONTO, June 11, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") will host its annual and special meeting of shareholders (the "Meeting") on Tuesday, July 6, 2021 at 11:00 a.m. (Eastern time). Out of an abundance of caution, to proactively address potential issues arising from the ongoing public health impact of COVID-19 while enabling greater participation of LAURION's shareholders, the Meeting will take place in a virtual-only format.

The Meeting will allow shareholders to listen to the proceedings and submit votes through the web-based platform. Details for shareholders and interested parties in attending the virtual meeting are found below. Participants are encouraged to login in approximately 15 minutes prior to the start time.

Date: Tuesday, July 6, 2021
Time: 11:00 a.m. Eastern Time
Meeting ID: 1164
URL: https://virtual-meetings.tsxtrust.com/en
Password: laurion2021 (case sensitive)

Instructions for joining the Meeting:

1. Type in https://virtual-meetings.tsxtrust.com/en/1164 on your browser at least 15 minutes before the Meeting starts. Please do not do a Google search. Do not use Internet Explorer.

2. Click on "I am a Guest" if you are an interested party or a shareholder not intending to vote.

In order to streamline the virtual meeting process, the Corporation strongly encourages shareholders to vote in advance of the Meeting using the Voting Instruction Form ("VIF") and Form of Proxy for the Meeting, which are available on SEDAR at www.sedar.com and also at https://docs.tsxtrust.com/2025. Proxies must be deposited with the Corporation's transfer agent and registrar, TSX Trust Company ("TSX Trust"), on or before 11:00 a.m. (Eastern time) on July 2, 2021.

Registered shareholders entitled to vote at the Meeting may attend and vote at the Meeting virtually by following the steps set out below:

1. Type in https://virtual-meetings.tsxtrust.com/en/1164 on your browser at least 15 minutes before the Meeting starts.

2. Click on "I have a control number".

3. Enter your 12-digit control number (on your proxy form).

4. Enter the password: laurion2021 (case sensitive).

5. When the ballot is opened, click on the "Voting" icon. To vote, simply select your voting direction from the options shown on screen and click "Submit". A confirmation message will appear to show your vote has been received.

Beneficial Shareholders entitled to vote at the Meeting may vote at the Meeting virtually by following the steps set out below:

1. Appoint yourself as proxyholder by writing your name in the space provided on the form of proxy or VIF.

2. Sign and send it to your intermediary, following the voting deadline and submission instructions on the VIF.

3. Obtain a control number by contacting TSX Trust by emailing tsxtrustproxyvoting@tmx.com the "Request for Control Number" form, which can be found here https://tsxtrust.com/resource/en/75.

4. Type in https://virtual-meetings.tsxtrust.com/en/1164 on your browser at least 15 minutes before the Meeting starts.

5. Click on "I have a control number".

6. Enter the control number provided by tsxtrustproxyvoting@tmx.com

7. Enter the password: laurion2021 (case sensitive).

8. When the ballot is opened, click on the "Voting" icon. To vote, simply select your voting direction from the options shown on screen and click Submit. A confirmation message will appear to show your vote has been received.

If you are a registered shareholder and you want to appoint someone else (other than the management nominees) to vote online at the Meeting, you must first submit your proxy indicating who you are appointing. You or your appointee must then register with TSX Trust in advance of the Meeting by emailing tsxtrustproxyvoting@tmx.com the "Request for Control Number" form, which can be found at https://tsxtrust.com/resource/en/75.

If you are a non-registered shareholder and want to vote online at the Meeting, you must appoint yourself as proxyholder and register with TSX Trust in advance of the Meeting by emailing tsxtrustproxyvoting@tmx.com the "Request for Control Number" form, which can be found at https://tsxtrust.com/resource/en/75.

Shareholders who have any questions or require further information with regard to voting their shares or attending the Meeting should contact TSX Trust, toll-free in North America at 1-866-600-5869 or by email at tmxeinvestorservices@tmx.com.

Further information related to the Meeting, including the matters to be voted on and how to attend the Meeting and vote, is set forth in the Corporation's management information circular dated May 27, 2021, which is available under LAURION's SEDAR profile at www.sedar.com.

About LAURION Mineral Exploration Inc.

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

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

Follow us on Twitter: @LAURION_LME

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to management's anticipated timing, format and conduct of the Meeting, LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2021/11/c4189.html

Under the guidance of CEO Diana Hu, Eastern Platinum Limited (TSE:ELR) has performed reasonably well recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 17 June 2021. However, some shareholders will still be cautious of paying the CEO excessively.

Check out our latest analysis for Eastern Platinum

Comparing Eastern Platinum Limited's CEO Compensation With the industry

According to our data, Eastern Platinum Limited has a market capitalization of CA$49m, and paid its CEO total annual compensation worth US$393k over the year to December 2020. We note that's an increase of 26% above last year. In particular, the salary of US$288.4k, makes up a huge portion of the total compensation being paid to the CEO.

For comparison, other companies in the industry with market capitalizations below CA$242m, reported a median total CEO compensation of US$124k. This suggests that Diana Hu is paid more than the median for the industry.

Speaking on an industry level, nearly 93% of total compensation represents salary, while the remainder of 7% is other remuneration. In Eastern Platinum's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation veers towards salary, it suggests that the variable portion – which is generally tied to performance, is lower.

A Look at Eastern Platinum Limited's Growth Numbers

Eastern Platinum Limited has seen its earnings per share (EPS) increase by 24% a year over the past three years. It achieved revenue growth of 22% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has Eastern Platinum Limited Been A Good Investment?

With a total shareholder return of 13% over three years, Eastern Platinum Limited shareholders would, in general, be reasonably content. But they would probably prefer not to see CEO compensation far in excess of the median.

To Conclude…

Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.

CEO pay is simply one of the many factors that need to be considered while examining business performance. That's why we did our research, and identified 3 warning signs for Eastern Platinum (of which 1 is a bit concerning!) that you should know about in order to have a holistic understanding of the stock.

Switching gears from Eastern Platinum, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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.

(Bloomberg) — BHP Group averted a strike at its second-largest copper mine in Chile after workers at the Spence operation accepted a final wage offer on the last day of mediated talks.

The deal will ease concerns over a potential stoppage that would have further tightened global supplies of the metal. It comes after staff at a BHP operations center in Santiago ended a strike and returned to work this week. Attention will now shift to wage talks at BHP’s giant Escondida mine.

About 92% of the 1,079 Spence operations and maintenance staff who voted accepted terms of the new three-year contract, according to a document provided by the union. Workers had rejected a previous proposal and BHP sought mediation that was extended through Thursday.

“In these times, the deal we reached is an important signal of how we should face Spence’s current and future challenges,” said Ana Zuniga, a spokesperson for BHP’s Pampa Norte, which comprises Spence and the Cerro Colorado mines.

Workers are “calm and glad” with a package that includes a 2% wage increase and a 15.5 million-peso ($21,600) bonus, as well as new benefits and other adjustments, Union President Ronald Salcedo said.

Surging copper prices and company profits are emboldening unions whose members have continued to work through the pandemic. On the other side, producers are looking to contain labor costs as inflation picks up, ore quality deteriorates and and host nations look for a bigger share of the windfall.

Still, the wage deal at Spence may bode well for collective bargaining that just kicked off at Escondida, the world’s largest copper mine that endured a 44-day strike in 2017. Wage talks in the top copper-producing nation add to supply risks at a time when recovering demand is tightening the global market.

BHP recently invested about $2.5 billion in upgrades at Spence, including a new concentrator, with the Pampa Norte division expected to produce 240,000-270,000 tons in fiscal year 2021, compared with 243,000 tons last year.

(Adds company comment and details on Spence.)

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Mining stocks steamed ahead on Friday, helping the FTSE 100 (^FTSE) to push to its highest level in a month.

Glencore (GLEN.L) rose more than 3%, Antofagasta (ANTO.L) climbed 2.5% higher and Evraz (EVR.L) was up 2.7% in noon trade, lifting London’s benchmark index to its highest since 10 May, when it touched a new record level since the pandemic began.

Newly-listed Thungela Resources (TGA.L), a spin-off from Anglo American (AAL.L) also pushed 2.4% higher on the day, while healthcare stocks also joined the precious metal and base metal miners on the rally.

It came as metal prices and oil prices rose on Friday as the International Energy Agency (IEA) said on Friday oil demand is set to rise above pre-COVID levels by the end of 2022, but that oil producers will need to boost production.

The Paris-based body expects consumption to rebound by 5.4 million barrels per day (bd) this year as vaccines are rolled out and economies reopen. Consumption declined by a record 8.6 million bd in 2020 as the coronavirus pandemic took a hold.

It expects a further 3.1 million bd increase in 2022, to average 99.5 million bd with an increase at the end of the year that will surpass the level of demand before the COVID pandemic.

Countries outside the Organisation of Petroleum Exporting Countries and its allies (OPEC+) group are expected to boost output by 1.6 million bd next year, to exceed 2019 levels.

While, OPEC+ countries will have 6.9 million bd of spare capacity even after lifting production by 2 million bd over the May-July period.

Read more: Oil demand will exceed pre-COVID levels by end of 2022

London miners were also boosted by reports that the UK economy grew 2.3% in April, the fastest rise since July 2020.

The figure, which follows strong growth of 2.1% in March, was slightly above Reuters poll consensus for a 2.2% increase as non-essential shops and outdoor hospitality reopened to the public after months of lockdown.

The services sector provided the biggest boost to the British economy, with output growing 3.4% during the month. 

However overall output remains 3.7% below the pre-pandemic levels seen in February last year. Output in the production sector fell by 1.3% in April 2021, the first fall since January 2021 as three of the four sectors contracted.

Watch: Could mining make a comeback in Cornwall?

Vancouver, British Columbia–(Newsfile Corp. – June 11, 2021) – Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) (the "Company" or "Pure Energy") is pleased to provide an important release by Schlumberger, the Company's strategic investor at Pure Energy's Clayton Valley Project in Esmeralda County, Nevada, where Schlumberger's plans are underway to construct a pilot plant for innovative lithium brine extraction. The following news was released by Schlumberger on June 10, 2021.

"HOUSTON, June 10, 2021- Schlumberger New Energy, and Panasonic Energy of North America, a division of Panasonic Corporation of North America, have announced a collaboration agreement for the validation and optimization of the innovative and sustainable lithium extraction and production process to be used by Schlumberger New Energy at its NeoLith Energy pilot plant in Nevada. This collaboration paves the way for improved lithium production solutions that will help meet the expected surge in demand for lithium as the electric vehicle (EV) market takes off worldwide.

NeoLith Energy's sustainable approach uses a differentiated direct lithium extraction (DLE) process to produce high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. The unique process is in sharp contrast to conventional evaporative methods of extracting lithium, with a significantly reduced groundwater and physical footprint. Panasonic will provide their guidance to validate and optimize the lithium material for battery-grade consumption. Situated in Clayton Valley, Nevada, the pilot plant is just 200 miles from Panasonic's large-scale advanced battery manufacturing operation, Panasonic Energy of North America, in Sparks, Nevada.

As a global technology company and leader in lithium-ion batteries, Panasonic has a proven track record in innovation and advanced products and solutions that power the automotive industry. Demand for battery-grade lithium is projected to grow exponentially over the next decade. As EVs greatly depend on lithium-ion rechargeable batteries, sustainable and efficient lithium production has become an important topic for regions, industries and technology companies, as well as battery and large automotive manufacturers. While the lithium industry is expected to attract large investments, the time-to-first-lithium-production for new development projects and regions will be critical for the industry to meet the surge in demand.

"Panasonic has a longstanding commitment to contributing to society and increasing sustainability in the supply chain as we work to produce the world's safest, highest quality and most affordable batteries is a critical priority," said Allan Swan, president of Panasonic Energy of North America. "We look forward to working with Schlumberger New Energy to help achieve our vision of advancing the lithium-ion battery space and accelerating to a clean energy society."

"Panasonic is a pioneer in electric vehicle battery technology, and we are excited to collaborate with them in developing our differentiated direct lithium extraction and production process," said Ashok Belani, executive vice president Schlumberger New Energy. "We are committed to expanding the global supply chain for advanced lithium compounds to support the forecasted surge in demand and enable new opportunities for lithium production globally."

NeoLith Energy's objective will be to pump brine from the subsurface, extract greater than 90% of the dissolved lithium, and pump more than 85% of the brine back to the subsurface in an environmentally safe manner. In addition to maximizing the reinjection of the brine, the ultimate goal is to eliminate the need for any fresh water from an external source and reduce the environmental impact.

Together, Panasonic and Schlumberger New Energy aim to accelerate the development and implementation of an innovative lithium production process, with a commitment to economical, environmental and responsible extraction to empower the world's transition to new energy sources.

About Schlumberger New Energy

Schlumberger is the world's leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger's intellectual and business capital in emerging new energy markets, with a focus on low-carbon and carbon-neutral energy technologies. Its activities include ventures in the domains of hydrogen, lithium, carbon capture and sequestration, geothermal power and geoenergy for heating and cooling buildings.

Learn more about Schlumberger New Energy: newenergy.slb.com

About Panasonic

Panasonic Corporation is a global leader developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, and B2B sectors. The company, which celebrated its 100th anniversary in 2018, operates 522 subsidiaries and 69 associated companies worldwide and reported consolidated net sales of 6,698.8 billion yen for the year ended March 31, 2021. Committed to pursuing new value through collaborative innovation, the company uses its technologies to create a better life and a better world for customers.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws – that is, statements about the future, not about past events. Such statements often contain words such as "expect," "may," "believe," "plan," "can," "estimate," "intend," "anticipate," "should," "could," "will," "likely," "goal," "objective," "potential," "projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as projected demand growth for battery-grade lithium and EVs; forecasts or expectations regarding the development of, or anticipated benefits of, NeoLith Energy's process and other Schlumberger New Energy initiatives; and other forecasts or expectations regarding the energy transition and global climate change. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from Schlumberger New Energy strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; and other risks and uncertainties detailed in the companies' public filings, including Schlumberger's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, the parties disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. "

About Pure Energy Minerals

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley ("CV") Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's Clayton Valley Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation. Drilling of bore holes CV-01 through CV-08 were completed together with a revised mineral resource and a Preliminary Economic Assessment ("PEA") for the Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).

Pure Energy's strategic investor, Schlumberger Technology Corp. ("SLB"), is the operator of the Clayton Valley Project. On May 29, 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH∙H2O") and/or lithium carbonate products at a specified rate. SLB plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding SLB's earn-in, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of water during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and SLB's future pilot plant facility. In July of 2020, the CV-09 well was completed and results were published by Pure Energy on October 14, 2020.

On behalf of the Board of Directors,

"Mary L. Little"
Director, Pure Energy Minerals Ltd.

CONTACT:

Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: info@pureenergyminerals.com
Telephone – 604 608 6611

Cautionary Statements and Forward-Looking Information

The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include future exploration and development on the CV Project. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The Company does not undertake to update any forward-looking information, except as required by applicable laws.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87286

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. Indeed, Foran Mining (CVE:FOM) stock is up 1,700% in the last year, providing strong gains for shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

So notwithstanding the buoyant share price, we think it's well worth asking whether Foran Mining's cash burn is too risky. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

View our latest analysis for Foran Mining

When Might Foran Mining 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 March 2021, Foran Mining had cash of CA$21m and such minimal debt that we can ignore it for the purposes of this analysis. Importantly, its cash burn was CA$4.7m over the trailing twelve months. So it had a cash runway of about 4.4 years from March 2021. Importantly, analysts think that Foran Mining will reach cashflow breakeven in 4 years. That means it doesn't have a great deal of breathing room, but it shouldn't really need more cash, considering that cash burn should be continually reducing. Depicted below, you can see how its cash holdings have changed over time.

How Is Foran Mining's Cash Burn Changing Over Time?

Foran Mining didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Over the last year its cash burn actually increased by 39%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. While the past is always worth studying, it is the future that matters most of all. For that reason, it makes a lot of sense to take a look at our analyst forecasts for the company.

Can Foran Mining Raise More Cash Easily?

Given its cash burn trajectory, Foran Mining shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Since it has a market capitalisation of CA$423m, Foran Mining's CA$4.7m in cash burn equates to about 1.1% of its market value. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

How Risky Is Foran Mining's Cash Burn Situation?

It may already be apparent to you that we're relatively comfortable with the way Foran Mining is burning through its cash. For example, we think its cash runway suggests that the company is on a good path. While its increasing cash burn wasn't great, the other factors mentioned in this article more than make up for weakness on that measure. Shareholders can take heart from the fact that analysts are forecasting it will reach breakeven. Looking at all the measures in this article, together, we're not worried about its rate of cash burn; the company seems well on top of its medium-term spending needs. Taking an in-depth view of risks, we've identified 3 warning signs for Foran Mining that you should be aware of before investing.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

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.

We can readily understand why investors are attracted to unprofitable companies. By way of example, DevEx Resources (ASX:DEV) has seen its share price rise 343% over the last year, delighting many shareholders. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

Given its strong share price performance, we think it's worthwhile for DevEx Resources shareholders to consider whether its cash burn is concerning. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for DevEx Resources

Does DevEx Resources Have A Long Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In December 2020, DevEx Resources had AU$12m in cash, and was debt-free. Importantly, its cash burn was AU$4.6m over the trailing twelve months. That means it had a cash runway of about 2.6 years as of December 2020. That's decent, giving the company a couple years to develop its business. The image below shows how its cash balance has been changing over the last few years.

How Is DevEx Resources' Cash Burn Changing Over Time?

DevEx Resources didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. Over the last year its cash burn actually increased by a very significant 55%. Oftentimes, increased cash burn simply means a company is accelerating its business development, but one should always be mindful that this causes the cash runway to shrink. DevEx Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For DevEx Resources To Raise More Cash For Growth?

While DevEx Resources does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Since it has a market capitalisation of AU$143m, DevEx Resources' AU$4.6m in cash burn equates to about 3.2% of its 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.

So, Should We Worry About DevEx Resources' Cash Burn?

As you can probably tell by now, we're not too worried about DevEx Resources' cash burn. In particular, we think its cash burn relative to its market cap stands out as evidence that the company is well on top of its spending. While its increasing cash burn wasn't great, the other factors mentioned in this article more than make up for weakness on that measure. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. Taking a deeper dive, we've spotted 3 warning signs for DevEx Resources you should be aware of, and 2 of them can't be ignored.

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

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

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

The WisdomTree International Hedged Quality Dividend Growth ETF (IHDG) made its debut on 05/07/2014, and is a smart beta exchange traded fund that provides broad exposure to the Broad Developed World ETFs category of the market.

What Are Smart Beta ETFs?

Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.

A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.

On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies–popularly known as smart beta.

Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.

The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.

Fund Sponsor & Index

IHDG is managed by Wisdomtree, and this fund has amassed over $996.37 million, which makes it one of the larger ETFs in the Broad Developed World ETFs. This particular fund seeks to match the performance of the WisdomTree International Hedged Quality Dividend Growth Index before fees and expenses.

The WisdomTree International Hedged Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar.

Cost & Other Expenses

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Operating expenses on an annual basis are 0.58% for this ETF, which makes it one of the more expensive products in the space.

It has a 12-month trailing dividend yield of 2.13%.

Sector Exposure and Top Holdings

Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.

When you look at individual holdings, Rio Tinto Plc (RIO) accounts for about 6.49% of the fund's total assets, followed by Bhp Group Ltd (BHP) and Unilever Plc (ULVR).

IHDG's top 10 holdings account for about 42.88% of its total assets under management.

Performance and Risk

The ETF has added roughly 11.19% so far this year and it's up approximately 27.24% in the last one year (as of 06/11/2021). In the past 52-week period, it has traded between $34.53 and $43.99.

The ETF has a beta of 0.70 and standard deviation of 19.26% for the trailing three-year period, making it a medium risk choice in the space. With about 398 holdings, it effectively diversifies company-specific risk.

Alternatives

WisdomTree International Hedged Quality Dividend Growth ETF is not a suitable option for investors seeking to outperform the Broad Developed World ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.

IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $19.02 billion in assets, Vanguard Dividend Appreciation ETF has $59.51 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.06%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Broad Developed World ETFs.

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

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
 
WisdomTree International Hedged Quality Dividend Growth ETF (IHDG): ETF Research Reports
 
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VANCOUVER, BC / ACCESSWIRE / June 11, 2021 / Great Atlantic Resources Corp. (TSXV.GR) (the "Company" or "Great Atlantic"), is pleased to announce that it has closed its private placement offering (the "Offering") for aggregate gross proceeds of approximately $2,060,000, consisting of: (i) $1,360,000 in flow-through units of the Company (the "FT Units") at a price of $0.68 per FT Unit, and (ii) $700,000 in units of the Company (the "Units") at a price of $0.50 per Unit.

Each FT Unit is comprised of one common share of the Company that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") (a "FT Common Share") and one common share purchase warrant of the Company (a "Warrant"). Each Unit is comprised of one common share of the Company (a "Common Share") and one Warrant. Each Warrant entitles the holder to purchase one Common (a "Warrant Share") at an exercise price equal to $0.75 at any time up to 36 months from closing of the Offering.

The gross proceeds from the sale of FT Units (other than the minimal amount allocable to the Warrants) will be used for exploration expenses on the Company's mining projects as permitted under the Tax Act to qualify as Canadian Exploration Expenses ("CEE") as defined in the Tax Act. The FT Common Shares, Common Shares and the Warrant Shares to be issued under the Offering have a hold period of four months and one day closing of the Offering.

In a second-step transaction, and part and parcel of the completion of the Offering, Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 2,000,000 Units for approximate consideration of $1,000,000. Subsequent to the closing of the offering, Mr. Sprott beneficially owns or controls 2,000,000 Common Shares of the Company and 2,000,000 Warrants, representing approximately 9.2% of the issued and outstanding common shares of the Company on a non-diluted basis and approximately 16.9% of the issued and outstanding common shares of the Company on a partially diluted basis, assuming exercise of the Warrants forming part of the Units acquired. Prior to the offering, Mr. Sprott did not beneficially own or control any securities of the Company.

The Units were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Great Atlantic Resources, including on the open market or through private acquisitions, or sell securities of the company, including on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other factors that Mr. Sprott considers relevant from time to time.

A copy of Mr. Sprott's early-warning report will be filed under Great Atlantic's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (200 Bay St., Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

In connection with the Offering, the Company issued Units and broker warrants to a finder. Each broker warrant is exercisable to acquire one Unit at $0.50 per Unit for a period of 36 months from the issuance date thereof.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

Forward-looking statements: This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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.

Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/651392/Great-Atlantic-Completes-20-Million-Offering-Backed-by-Mr-Eric-Sprott

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Antofagasta's (LON:ANTO) returns on capital, so let's have a look.

Return On Capital Employed (ROCE): What is it?

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

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

0.11 = US$1.6b ÷ (US$17b – US$1.6b) (Based on the trailing twelve months to December 2020).

So, Antofagasta has an ROCE of 11%. In absolute terms, that's a pretty standard return but compared to the Metals and Mining industry average it falls behind.

View our latest analysis for Antofagasta

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

What Can We Tell From Antofagasta's ROCE Trend?

Antofagasta is displaying some positive trends. Over the last five years, returns on capital employed have risen substantially to 11%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 24%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.

Our Take On Antofagasta's ROCE

In summary, it's great to see that Antofagasta can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue.

Antofagasta does have some risks though, and we've spotted 2 warning signs for Antofagasta that you might be interested in.

While Antofagasta may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list 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.

TORONTO, Jun 11, 2021–(BUSINESS WIRE)–Americas Gold and Silver Corporation ("the "Company") (TSX:USA; NYSE American: USAS) is pleased to report that shareholders voted in favour of all items of business including the election of each of the nominees listed in its management information circular ("Circular") dated April 30, 2021 at its annual and special meeting of shareholders held on June 10, 2021. Detailed results from the election of directors are set out below.

The biographies of directors and further details about the Company’s corporate governance practices are available at www.americas-gold.com.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005102/en/

Contacts

Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416-874-1708

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416‐848‐9503

TORONTO, June 11, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") has completed its previously-announced private placement financing (the "Private Placement") of 21,659,385 common shares of the Company ("Common Shares") at a price of $0.283 per Common Share (the "Issue Price") for gross proceeds of approximately $6.1 million, excluding the Wyloo Top-Up Shares (as defined below).

In connection with the Private Placement, Wyloo Canada Holdings Pty Ltd. ("Wyloo Canada") exercised its top-up right to maintain its pro rata equity interest in the Company (the "Wyloo Top-Up") by subscribing for an additional 12,744,363 Common Shares at the Issue Price (the "Wyloo Top-Up Shares") for additional gross proceeds of approximately $3.6 million.

Accordingly, the Company issued an aggregate of 34,403,748 Common Shares at the Issue Price for gross proceeds of approximately $9.7 million pursuant to the Private Placement and the Wyloo Top-Up.

In addition, Baosteel Resources International Co. Ltd. ("Baosteel") has a right to maintain its pro rata equity interest in the Company by acquiring an additional 1,966,125 Common Shares at the Issue Price (the "Baosteel Top-Up Shares") for additional gross proceeds of approximately $0.55 million. Baosteel has until July 5, 2021 to exercise its top-up right to acquire the Baosteel Top-Up Shares.

The Common Shares issued pursuant to the Private Placement were distributed in offshore jurisdictions pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada and, as such, will not be subject to a statutory hold period in accordance with applicable securities laws. The Wyloo Top-Up Shares are subject to a hold period of four months and one day from the date of issuance.

TD Securities Inc. acted as agent and financial advisor to Noront in connection with the Private Placement and received a cash commission equal to 3% of the gross proceeds raised from the Private Placement.

The Private Placement remains subject to the final approval of the TSX Venture Exchange (the "Exchange").

Wyloo Canada is a "related party" of Noront as Wyloo Canada is a person that has beneficial ownership of, and control or direction over, directly or indirectly, securities of Noront carrying more than 10% of the voting rights attached to all of Noront's outstanding voting securities. As a result, the issuance of the Wyloo Top-Up Shares is a "related party transaction" pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), incorporated by reference into Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the Exchange. Noront is relying on (i) the exemption set forth in sections 5.5(a) and (b) of MI 61-101 from the formal valuation requirement, and (ii) the exemption set forth in section 5.7(a) of MI 61-101 from the "minority approval" requirement, in connection with the issuance of the Wyloo Top-Up Shares.

About Noront Resources
Noront Resources Ltd. is focused on development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com

CAUTIONARY LANGUAGE AND FORWARD-LOOKING STATEMENTS

This news release includes certain statements that may be deemed "forward-looking statements". Except for statements of historical fact relating to Noront, information contained herein constitutes forward-looking information, including any information related to Noront's strategy, plans or future financial or operating performance. Forward-looking information is characterized by words such as "plan", "expect", "budget", "target", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "will", "could" or "should" occur. In order to give such forward-looking information, the Company has made certain assumptions about its business, operations, the economy and the mineral exploration industry in general on each of the foregoing. Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those described in, or implied by, the forward-looking information. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in, or implied by, the forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding Noront's expected performance and Noront's plans and objectives and may not be appropriate for other purposes. All forward-looking information contained herein is given as of the date hereof, as the case may be, and is based upon the opinions and estimates of management and information available to management of the Company as at the date hereof. The Company undertakes no obligation to update or revise the forward-looking information contained herein and the documents incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.

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

This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom.

For Further Information Contact:

Greg Rieveley
Chief Financial Officer
greg.rieveley@norontresources.com
(416) 367-1444

Shareholders:

Laurel Hill Advisory Group
1-877-452-7184 (toll-free in North America) or 1-416-304-0211 (collect call outside North America)
assistance@laurelhill.com

Media:

Ian Hamilton
ihamilton@longviewcomms.ca
(905) 399-6591

Janice Mandel
janice.mandel@stringcom.com
(647) 300-3853

VANCOUVER, British Columbia, June 11, 2021 (GLOBE NEWSWIRE) — International Consolidated Uranium Inc. (“CUR” or the “Company”) (TSXV: CUR) is pleased to provide the following updates on the option agreement (the “Option Agreement”) with U3O8 Corp. (“U308”) (TSXV: UWE.H) that was previously announced on December 14, 2020, providing CUR with the option to acquire a 100% undivided interest in the Laguna Salada project (“Laguna Salada” or the “Property”) located in Chubut Province, Argentina.

Following receipt of conditional approval of the TSXV Venture Exchange (“TSXV”), the Option Agreement has become effective as of June 11, 2021. As a result of the Option Agreement having been made effective, CUR will deliver consideration to U308 comprised of (i) $125,000 to be satisfied by the issuance of 56,306 common shares in the capital of the Company (the “Common Shares”), at a deemed price of $2.22 per share (based on the 5-Day VWAP of the Common Shares up to June 9, 2021, being the second business day prior to the Option Agreement being made effective), and (ii) a cash payment of $225,000, of which $50,000 is to be utilized for expenditures on the Property.

In addition, CUR has provided notice to U308 of its exercise of the option to acquire the Property, for consideration of $1,500,000 to be satisfied by the issuance of 675,675 Common Shares, at a deemed price of $2.22 per share based on the 5-Day VWAP of the Common Shares up to June 9, 2021, being the second business day prior to the option being exercised). Upon issuance, it is anticipated that the 675,675 Common Shares will be held in escrow pending closing of the acquisition. In addition, as a result of the exercise of the option, U308 will be entitled to receive certain future payments contingent upon the attainment of certain milestones tied to the spot price of uranium, as described in the Company’s press release dated December 14, 2020.

Philip Williams, President and CEO commented “Exercising the Laguna Salada option is a logical next step for the Company given the improving market interest in the uranium sector. Our strategy when entering the Option Agreement, as well as our other option agreements, was to exercise when we were confident that the value to be derived by the Company in owning the project outright would be greater than the cost of acquisition. We believe that time is now and, given our outlook for uranium prices, as well as the exploration and development potential we see at Laguna Salada, we see this as a great opportunity to enhance value for CUR shareholders”.

Closing of the acquisition remains subject to satisfaction of certain closing conditions customary for a transaction of this nature. All securities issued in connection with the Option Agreement are subject to final approval of the TSXV and will be subject to a hold period expiring four months and one day from the applicable date of issuance.

About International Consolidated Uranium

International Consolidated Uranium Inc. (TSXV: CUR) is well financed to execute its strategy of consolidating and advancing uranium projects around the globe. The Company has acquired a 100% interest or has entered into option agreements to acquire a 100% interest in seven uranium projects, in Australia, Canada, and Argentina, each with significant past expenditures and attractive characteristics for development. CUR has entered into option agreements with Mega Uranium Ltd. (TSX: MGA) to acquire a 100% interest in the Ben Lomond and Georgetown uranium projects in Australia; with IsoEnergy Ltd. (TSXV: ISO) to acquire a 100% interest in the Mountain Lake uranium project in Nunavut, Canada; with a private individual to acquire a 100% interest in the Moran Lake uranium and vanadium project in Labrador, Canada; and with U3O8 Corp. (TSXV: UWE.H) to acquire a 100% interest in the Laguna Salada uranium and vanadium project in Argentina. CUR has also acquired a 100% interest in the Dieter Lake uranium project and entered into an agreement to acquire a 100% interest in the Matoush uranium project, both in Quebec, Canada. The option agreement with IsoEnergy for Mountain Lake and the option agreement with U3O8 Corp. for Laguna Salada both remain subject to regulatory approval.

Philip Williams
President and CEO
International Consolidated Uranium Inc.
+1 778 383 3057
pwilliams@consolidateduranium.com

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in 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 contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future, closing of the acquisition of the Property, the value to be derived from the Property and other projects over which the Company holds an option; satisfaction of the conditions to closing of the acquisition including final approval of the TSXV, the Company’s outlook on uranium prices and market interest in the uranium sector. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof 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” or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

DALLAS, June 11, 2021 /PRNewswire/ — Cushing^® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing^® 30 MLP Index (the "Index") as part of normal index operations. After the markets close on June 18, 2021, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on June 21, 2021:

Constituents added:
Alliance Resource Partners, L.P. (NASDAQ: ARLP)
Cheniere Energy, Inc. (NYSE: LNG)
Oasis Midstream Partners LP (NASDAQ: OMP)

Constituents Removed:
Delek Logistics Partners, LP (NYSE: DKL)
NGL Energy Partners LP (NYSE: NGL)
Suburban Propane Partners, L.P. (NYSE: SPH)

ABOUT THE CUSHING^® 30 MLP INDEX

The Cushing^® 30 MLP Index tracks the performance of 30 publicly traded midstream energy infrastructure companies, including master limited partnerships (MLPs) and non-MLP energy midstream corporations (each, a "Midstream Company" and collectively, "Midstream Companies"). Constituents of the Index are selected by using a formula-based proprietary valuation model developed by Cushing^® Asset Management, LP to rank Midstream Companies for potential inclusion in the Index. The Index price level is calculated by S&P Dow Jones Indices and reported on a real-time basis under the Bloomberg ticker "MLPX".

ABOUT CUSHING^® ASSET MANAGEMENT AND SWANK CAPITAL

Cushing^® Asset Management, LP ("Cushing"), a subsidiary of Swank Capital, LLC, is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts, providing active management in markets where inefficiencies exist.

Cushing is also dedicated to serving the needs of investors by sponsoring a variety of benchmarks, including The Cushing^® 30 MLP Market Cap Index (Bloomberg Ticker: CMCI) and The Cushing^® MLP High Income Index (Bloomberg Ticker: MLPY). For more information, please visit http://www.cushingasset.com/indices.

Contact:
Jon Abel
214-692-6334
www.cushingasset.com

The Cushing^® 30 MLP Index (the "Index") is the property of Swank Capital, LLC, and Cushing Asset Management, LP, which have contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. "Calculated by S&P Dow Jones Indices" and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Cushing Asset Management, LP. S&P^® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"), and Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").

View original content:http://www.prnewswire.com/news-releases/cushing-asset-management-and-swank-capital-announce-rebalancing-of-the-cushing-30-mlp-index-301310517.html

SOURCE Cushing Asset Management, LP and Swank Capital, LLC

ENDEAVOUR ANNOUNCES SCHEME OF ARRANGEMENT
BECOMES EFFECTIVE

London, June 11, 2021 – Endeavour Mining (TSX: EDV, LSE: EDV, OTCQX: EDVMF) announces that the scheme of arrangement to establish Endeavour Mining plc as the parent company of the Endeavour Mining group (the “Scheme”) has now become effective.

Each shareholder in Endeavour Mining Corporation at the effective time of the Scheme has received one share in Endeavour Mining plc for each share held in Endeavour Mining Corporation at such time. The entire issued share capital of Endeavour Mining Corporation has transferred to Endeavour Mining plc.

It is expected that admission of the shares of Endeavour Mining plc to listing on the premium segment of the Official List of the Financial Conduct Authority and admission to trading on the London Stock Exchange will take place at 8:00 am (BST) on June 14, 2021. To facilitate the settlement of outstanding trades in shares in Endeavour Mining Corporation, trading in the shares of Endeavour Mining plc is expected to commence on the Toronto Stock Exchange (“TSX”) at 9:30 am (ET) on June 16, 2021. Trading in the shares of Endeavour Mining Corporation will continue on the TSX until such time.

Shares of Endeavour Mining plc will trade on both exchanges under the ticker symbol “EDV”.

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING PLC

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

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

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

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

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

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

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

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

Attachment

• Scheme of Arrangement Effective

By Ernest Scheyder

(Reuters) – Lithium Americas Corp has delayed plans to excavate its Thacker Pass lithium mine site in Nevada, according to court filings, while a federal judge considers whether the former Trump administration erred in approving the project that opponents say could threaten sage grouse and other wildlife.

The delay is the latest setback for the U.S. critical minerals industry as environmentalists pressure courts and regulators to block mining projects from a slew of companies including ioneer Ltd , Antofagasta Plc , Rio Tinto and others, even if those mines produce metals key to fighting climate change.

Thacker Pass, if completed, would be the largest lithium mine in the United States, producing 30,000 tonnes of lithium annually – enough to make more than 475,000 electric vehicle (EV) batteries.

The court case, though, is likely to push back the company's development timeline and an adverse ruling could seriously imperil it.

Mine opponents have asked a federal judge to rule by next month on whether Vancouver-based Lithium Americas may dig at the northern Nevada site.

The company had intended to start digging at the site on June 23, several months earlier than initially planned.

Opponents requested a temporary injunction to block excavation while the court considers the broader case, which centers on whether the U.S. Bureau of Land Management (BLM) erred in approving the project in January less than a week before U.S. President Donald Trump left office.

Thacker Pass has been under review for more than a decade.

Lithium Americas this week agreed to pause digging through late July, according to filings.

SAGE GROUSE

Environmentalists filed the suit after that BLM decision, arguing in part that regulators did not abide by federal statues designed to protect sage grouse. The company and BLM disagree, according to filings.

"These sage grouse protections are the law of the land and we feel we have a strong case with our injunction motion," Roger Flynn, an attorney representing conservation groups, told Reuters.

Chief Judge Miranda Du of the federal court in Reno, who is overseeing the case, has in the past ruled in favor of preserving sage grouse habitats.

If Du grants the injunction, Lithium Americas would not be able to develop the site while she considers the broader question of whether the Trump administration erred in approving the mine. A ruling on that is expected later this year or in 2022.

In a statement, Lithium Americas said it is "confident the BLM's extensive and approved environmental impact statement will withstand judicial scrutiny."

Lithium Americas told the court that blocking the mine would harm national security and impede President Joe Biden's plan to wean the U.S. economy off fossil fuels.

Reuters reported last month that Biden plans to look abroad for most supplies of EV metals, part of a strategy designed to placate environmentalists.

Lithium Americas has an unlikely ally in Glenn Miller, who founded the environmental group Great Basin Resource Watch, which is one of the conservationist groups suing to block the mine.

Miller said he disagrees with the group's opposition to the project and resigned from its board earlier this week.

"Everyone is deeply concerned about climate change. It's a question about values, and I go with the need for lithium," said Miller, a retired professor at the University of Nevada. "This is one of the least-impactive mine plans I've ever seen."

(Reporting by Ernest Scheyder; editing by Amran Abocar and Marguerita Choy)

VANCOUVER, BC, June 11, 2021 /PRNewswire/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE MKT: NXE) is pleased to announce the voting results from all business items considered at its Annual Meeting of Shareholders ("Meeting"), held on June 10, 2021. All matters of business were passed, and all nine director nominees were elected representing a total of 238,833,198 or 50.74% of the Company's outstanding shares. The details of the proxy voting for directors are set out below:

Detailed voting results for all matters considered at the meeting will be available on SEDAR at www.sedar.com.

About NexGen

NexGen is a British Columbia corporation with a focus on developing the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada into production. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U3O8 contained in 2.18 M tonnes grading 4.35% U3O8, Indicated Mineral Resources of 47.1 M lbs of U3O8 contained in 1.57 M tonnes grading 1.36% U3O8, and Inferred Mineral Resources of 80.7 M lbs of U3O8 contained in 4.40 M tonnes grading 0.83% U3O8. Arrow's development is supported by a NI 43-101 compliant Feasibility Study which outlines industry leading 'next generation' designs implementing elite environmental performance as well as industry leading strong economics.

NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental and Social Responsibility Award.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof 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" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property, the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 11, 2020 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

View original content:http://www.prnewswire.com/news-releases/nexgen-announces-voting-results-and-election-of-directors-from-annual-meeting-of-shareholders-301311131.html

SOURCE NexGen Energy Ltd.

(All amounts in US$ unless otherwise specified)

VANCOUVER, British Columbia, Jun 11, 2021–(BUSINESS WIRE)–Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) is pleased to announce that it has filed a preliminary base shelf prospectus (the "Shelf Prospectus") with the securities commissions in each of the provinces and territories of Canada.

The Shelf Prospectus, upon a receipt for the final base shelf prospectus, would allow Capstone to make offerings up to C$500,000,000 of common shares, warrants, subscription receipts, units, debt securities, share purchase contracts, or any combination thereof, from time to time over a 25-month period. The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement. Capstone has filed this base shelf prospectus for future financial flexibility and has no immediate intentions to undertake an offering. As reported in its quarterly financial statements ending March 31, 2021, Capstone had a cash position of $44.8¹ million and was debt-free². Subsequent to March 31, 2021, Capstone received $30 million as an upfront deposit on the Wheaton Precious Metals Gold Stream Agreement.

This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities nor shall there be any sale of securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

A copy of the preliminary Shelf Prospectus, and copies of the final base shelf prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company's SEDAR profile at www.sedar.com, or may be obtained by request to Wendy King, Senior Vice President, Risk, ESG, General Counsel and Corporate Secretary, Suite 2100 – 510 West Georgia Street, Vancouver, BC, V6B 0M3, info@capstonemining.com.

Filing of Pinto Valley Technical Report
In addition, the Company has filed on SEDAR a technical report titled "NI 43-101 Technical Report on the Pinto Valley ("PV") Mine, Arizona, USA" (the "Technical Report") updating the PV3 life of mine plan.

The Technical Report was prepared in accordance with the Canadian Securities Administrator’s National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and is available for review under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at capstonemining.com.

The Company expects to release an updated NI 43-101 Technical Report in 2022 presenting the results of several initiatives aimed at increasing the value of the Pinto Valley Mine, including a PV4 pre-feasibility study and studies of Eriez Hydrofloat coarse particle flotation and Jetti catalytic technology.

^1.Cash and cash equivalents and short-term investments of $44.8 million as at March 31, 2021
^2.Debt Free is in reference to zero long term debt balance as at March 31, 2021

ABOUT CAPSTONE MINING CORP.
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. We are committed to the responsible development of our assets and the environments in which we operate. Our two producing mines are the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State, Mexico. In addition, Capstone owns 100% of Santo Domingo, a large scale, fully permitted, copper-iron-gold project in Region III, Chile, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.

This news release has been reviewed and approved by Brad Mercer, P. Geol., Capstone's Senior Vice President and Chief Operating Officer, a Qualified Person and the person who oversees operational and exploration activities at Pinto Valley Mine.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.

Forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future events and the impacts of the ongoing and evolving COVID-19 pandemic. Forward-looking statements include, but are not limited to, statements with respect to the filing of a final base shelf prospectus, future offerings of securities and updated technical reports or technical information. In addition, the potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including Capstone’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which Capstone operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 to Capstone is dependent on a number of factors outside of our control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which we operate. In certain cases, forward-looking statements can be identified by the use of words such as "anticipates", "approximately", "believes", "budget", "estimates", expects", "forecasts", "guidance", intends", "plans", "scheduled", "target", or variations of such words and phrases, or statements that certain actions, events or results "be achieved", "could", "may", "might", "occur", "should", "will be taken" or "would" or the negative of these terms or comparable terminology. In this document certain forward-looking statements are identified by words including "anticipated", "expected", "guidance" and "plan". By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, risks related to inherent hazards associated with mining operations and closure of mining projects, future prices of copper and other metals, compliance with financial covenants, surety bonding, our ability to raise capital, Capstone’s ability to acquire properties for growth, counterparty risks associated with sales of our metals, use of financial derivative instruments and associated counterparty risks, foreign currency exchange rate fluctuations, market access restrictions or tariffs, changes in general economic conditions, availability of water, accuracy of Mineral Resource and Mineral Reserve estimates, operating in foreign jurisdictions with risk of changes to governmental regulation, compliance with governmental regulations, compliance with environmental laws and regulations, reliance on approvals, licenses and permits from governmental authorities and potential legal challenges to permit applications, contractual risks including but not limited to, our ability to meet the completion test requirements under the Cozamin Silver Stream Agreement with Wheaton Precious Metals, our ability to meet certain closing conditions under the Santo Domingo Gold Stream Agreement with Wheaton Precious Metals, acting as Indemnitor for Minto Exploration Ltd.’s surety bond obligations post divestiture, impact of climate change and changes to climatic conditions at our Pinto Valley and Cozamin operations, changes in regulatory requirements and policy related to climate change and GHG emissions, land reclamation and mine closure obligations, risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of Capstone relating to the unknown duration and impact of the COVID-19 pandemic, uncertainties and risks related to the potential development of the Santo Domingo Project, increased operating and capital costs, increased cost of reclamation, challenges to title to our mineral properties, increased taxes in jurisdictions the Company operates or is subject to tax, changes in tax regimes we are subject to and any changes in law or interpretation of law may be difficult to react to in an efficient manner, maintaining ongoing social license to operate, dependence on key management personnel, potential conflicts of interest involving our directors and officers, corruption and bribery, limitations inherent in our insurance coverage, labour relations, increasing energy prices, competition in the mining industry including but not limited to competition for skilled labour, risks associated with joint venture partners, our ability to integrate new acquisitions and new technology into our operations, cybersecurity threats, legal proceedings, and other risks of the mining industry as well as those factors detailed from time to time in the Company’s public filings, including the Shelf Prospectus, which are filed and available for review under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause our actual results, performance or achievements to differ materially from those described in our forward-looking statements, there may be other factors that cause our results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that our forward-looking statements will prove to be accurate, as our actual results, performance or achievements could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on our forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005489/en/

Contacts

Jerrold Annett, SVP, Strategy and Capital Markets
647-273-7351
jannett@capstonemining.com

Kettina Cordero, Director Investor Relations & Communications
604-262-9794
kcordero@capstonemining.com

When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. Long term Aurelia Metals Limited (ASX:AMI) shareholders would be well aware of this, since the stock is up 232% in five years. It's also good to see the share price up 11% over the last quarter. But this could be related to the strong market, which is up 7.5% in the last three months.

View our latest analysis for Aurelia Metals

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

During the five years of share price growth, Aurelia Metals moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. This free interactive report on Aurelia Metals' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Aurelia Metals, it has a TSR of 254% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Aurelia Metals shareholders are down 6.4% for the year (even including dividends), but the market itself is up 33%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 29% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Aurelia Metals is showing 3 warning signs in our investment analysis , you should know about…

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

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

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.

Under the guidance of CEO Diana Hu, Eastern Platinum Limited (TSE:ELR) has performed reasonably well recently. In light of this performance, CEO compensation will probably not be the main focus for shareholders as they go into the AGM on 17 June 2021. However, some shareholders will still be cautious of paying the CEO excessively.

Check out our latest analysis for Eastern Platinum

Comparing Eastern Platinum Limited's CEO Compensation With the industry

According to our data, Eastern Platinum Limited has a market capitalization of CA$49m, and paid its CEO total annual compensation worth US$393k over the year to December 2020. We note that's an increase of 26% above last year. In particular, the salary of US$288.4k, makes up a huge portion of the total compensation being paid to the CEO.

For comparison, other companies in the industry with market capitalizations below CA$242m, reported a median total CEO compensation of US$124k. This suggests that Diana Hu is paid more than the median for the industry.

Speaking on an industry level, nearly 93% of total compensation represents salary, while the remainder of 7% is other remuneration. In Eastern Platinum's case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation veers towards salary, it suggests that the variable portion – which is generally tied to performance, is lower.

A Look at Eastern Platinum Limited's Growth Numbers

Eastern Platinum Limited has seen its earnings per share (EPS) increase by 24% a year over the past three years. It achieved revenue growth of 22% over the last year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see decent revenue growth in the last year, suggesting the business is healthy and growing. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has Eastern Platinum Limited Been A Good Investment?

With a total shareholder return of 13% over three years, Eastern Platinum Limited shareholders would, in general, be reasonably content. But they would probably prefer not to see CEO compensation far in excess of the median.

To Conclude…

Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.

CEO pay is simply one of the many factors that need to be considered while examining business performance. That's why we did our research, and identified 3 warning signs for Eastern Platinum (of which 1 is a bit concerning!) that you should know about in order to have a holistic understanding of the stock.

Switching gears from Eastern Platinum, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

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

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

VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports expanded high grade mineralization in the newly discovered East Ridge zone.

Results from East Ridge drill hole RC688, located 100 metres east of hole RC684, returned 344 metres of 0.70 g/t gold and 0.75% copper from a depth of 776 metres including 170 metres of 1.1 g/t gold and 1.1% copper.

Brian Kynoch, President of Imperial Metals, said, “This exciting new discovery at the East Ridge is located outside the envelope of the current mineral resource and has the potential to increase the already large mineral resource at Red Chris.”

In the Main Zone, hole RC683 returned 300 metres grading 0.41g/t gold and 0.51% copper from a depth of 260 metres, including 114 metres of 0.67g/t gold and 0.85% copper from a depth of 390 metres, and 22 metres of 1.1 g/t gold and 1.4% copper from a depth of 464 metres. Drilling in the Main Zone continues to confirm the potential to define further zones of higher-grade mineralization.

Red Chris – Significant results:

^ updated intercept or ^^ previously reported.

During the 2nd Quarter, there were up to eight diamond drill rigs in operation and an additional 15,342 metres of drilling was completed in 11 drill holes, with all drill holes intersecting mineralization (except for two dedicated geotechnical holes). Since Newcrest acquired its interest in the joint venture 111 drill holes, for a total of 136,631 metres of drilling, have been completed. The planned exploration program includes approximately 50,000 metres of drilling this year.

Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2020 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.

Cross section and plan view maps are available on imperialmetals.com.

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia.

Company Contacts

Brian Kynoch | President | 604.669.8959
Darb Dhillon | Chief Financial Officer | 604.488.2658
Jim Miller-Tait | Vice President Exploration | 604.488.2676

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s expectations with respect to the current and planned drilling programs at Red Chris, including plans to define the extent and continuity of the mineralization in the East Ridge Zone and statements regarding the potential to increase the mineral resources at the Red Chris mine site.

In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements. Such information is given only as of the date of this news release. The Company does not assume any obligation to update its forward-looking information to reflect new information, subsequent events or otherwise, except as required by law.

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

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.

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

ANGLO AMER ADR (NGLOY) is a stock many investors are watching right now. NGLOY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 7.05, while its industry has an average P/E of 8.21. Over the past year, NGLOY's Forward P/E has been as high as 12.90 and as low as 5.86, with a median of 8.49.

Another valuation metric that we should highlight is NGLOY's P/B ratio of 2.15. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.37. Within the past 52 weeks, NGLOY's P/B has been as high as 2.32 and as low as 1, with a median of 1.52.

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

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A drive by mining companies to hire more women has stalled, leaving the industry as one of the world’s most male-dominated professions and exacerbating a looming recruitment crisis in many key roles.