As of late, it has definitely been a great time to be an investor in Intrepid Potash, Inc. IPI. The stock has moved higher by 15.4% in the past month, while it is also above its 20-day SMA too. This combination of strong price performance and favorable technical could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider IPI’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as IPI has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Just because a business does not make any money, does not mean that the stock will go down. Indeed, Stellar Resources (ASX:SRZ) stock is up 278% in the last year, providing strong gains for shareholders. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

Given its strong share price performance, we think it's worthwhile for Stellar Resources shareholders to consider whether its cash burn is concerning. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

View our latest analysis for Stellar Resources

When Might Stellar Resources Run Out Of Money?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. In December 2020, Stellar Resources had AU$2.3m in cash, and was debt-free. Importantly, its cash burn was AU$663k over the trailing twelve months. So it had a cash runway of about 3.5 years from December 2020. A runway of this length affords the company the time and space it needs to develop the business. Depicted below, you can see how its cash holdings have changed over time.

How Is Stellar Resources' Cash Burn Changing Over Time?

Because Stellar Resources isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. With cash burn dropping by 11% it seems management feel the company is spending enough to advance its business plans at an appropriate pace. Stellar Resources makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

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

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for Stellar Resources to raise more cash in the future. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Stellar Resources' cash burn of AU$663k is about 2.4% of its AU$28m market capitalisation. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares.

Is Stellar Resources' Cash Burn A Worry?

As you can probably tell by now, we're not too worried about Stellar Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. On this analysis its cash burn reduction was its weakest feature, but we are not concerned about it. Looking at all the measures in this article, together, we're not worried about its rate of cash burn, which seems to be under control. On another note, Stellar Resources has 4 warning signs (and 2 which are significant) we think you should know about.

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.

FRIEDENS, Pa., June 9, 2021 /CNW/ – Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("Corsa" or the "Company"), announced today that Peter V. Merritts, as part of his future retirement planning process, has elected to step down as Chief Executive Officer ("CEO") of the Company and a member of the Board of Directors and be appointed Chief Operating Officer ("COO") effective June 9, 2021. Mr. Merritts' decision is not the result of any dispute or disagreement with the Company or any matter related to the Company's operations, policies, management, or board of directors, but strictly a decision to provide the best opportunity for succession planning of the CEO position and Mr. Merritts' future retirement plans.

The Board of Directors has appointed Mr. Robert (Bob) J. Schneid as President and CEO and a director effective June 9, 2021. Mr. Schneid has over 34 years of experience working in the coal and electric utility industries in various roles for companies such as: Prospect Mining and Development Company, Walter Energy, Patriot Coal, Oxbow Carbon, CONSOL Energy and Costain Coal. He has a Master of Science Degree in Mineral and Energy Resource Economics from West Virginia University and a Bachelor of Science Degree in Energy Management from West Liberty University.

"On behalf of the Board of Directors, I would like to thank Pete for his contributions to Corsa as CEO, in particular for the role he played in guiding the Company over the last two years amidst the COVID-19 pandemic. The Board greatly appreciates Pete working with members of the Board on succession planning for a smooth CEO transition as part of his future retirement plans and his willingness to serve as Chief Operating Officer during the CEO transition", stated Mr. Ronald G. Stovash, Chairman of the Corporate Governance, Nominating, and Compensation Committee of the Board of Directors. "The Board of Directors will be working closely with Mr. Schneid while the Company continues to focus on increasing shareholder value through improved operational, financial and other strategic opportunities."

In connection with the annual and special meeting of shareholders of the Company scheduled to be held on June 30, 2021, Mr. Merritts will no longer stand for election and the Board of Directors has therefore set its size at six for the purposes of such election. It is expected that only the remaining six nominees set forth in the Company's management information circular, dated May 31, 2021, will stand for election at the meeting and that Mr. Schneid will be re-appointed as a director of the Company immediately following the meeting.

Information about Corsa

Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Our core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets.

Forward-Looking Statements

Certain statements and other information included in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements, including, but not limited to Mr. Merritts' transition and the appointment of Robert J. Schneid as President and Chief Executive Officer and member of the Board of Directors, Corsa's strategic plans and the creation of value for shareholders.

Forward–looking statements in this press release are based on certain key expectations and assumptions made by Corsa. Although Corsa believes that the expectations and assumptions on which such forward–looking statements are based are reasonable, undue reliance should not be placed on the forward–looking statements because Corsa can give no assurance that they will prove to be correct.

Corsa disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable securities laws.

The TSX Venture Exchange has in no way passed on the merits of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Corsa Coal Corp.

View original content: http://www.newswire.ca/en/releases/archive/June2021/09/c7826.html

ROUYN-NORANDA, Québec, June 09, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has sold the McNeely Lithium project consisting of 66 mining claims in La Corne, Landrienne and Figuery townships, Quebec to First Energy Metals Limited (FE-CSE). The claims have been sold for a single cash payment of $250,000 and 2,000,000 First Energy Metals shares (currently $0.30 a share). Globex will retain a 3% Gross Metal Royalty on all production from the claims.

Globex’s McNeely claims extend westward from the Quebec Lithium Mine property intermittently in several claim blocks over a strike length of approximately 18 kilometres, and includes several spodumene showings and historical mineralized drill holes. A large number of Globex’s claims surround and are in close proximity to the Augustus Lithium occurrence where First Energy Metals recently reported a drill hole grading 1.17% Li₂O over a core length of 19 metres (see First Energy Metals press release dated June 1, 2021).

Globex is pleased to vend the McNeely property to First Energy Metals Limited an active exploration neighbor and looks forward to future drill results from their ongoing exploration program.

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

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

EUROPE MARKETS European stocks and U.S. equity futures traded flat on Wednesday, a day ahead of key consumer prices Stateside, while a sharp rise in Chinese factory prices sent shares of miners lower.

TORONTO, June 09, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) is pleased to report the voting results of the Annual and Special Meeting of Shareholders (the "Meeting") held today, June 9, 2021.

Shareholders voted in favour of all matters brought before the Meeting, including the election of all of the director nominees, comprising: Alan Coutts; Luca Giacovazzi; Jean Paul Gladu; Bo Liu; Paul Parisotto; and John Pollesel.

The results of the matters considered at the Meeting, including the appointment of auditors and re-approval of the Company's Stock Option Plan, are reported in the Report of Voting Results as filed on SEDAR on June 9, 2021.

A video presentation update from Mr. Alan Coutts, President and CEO of the Company, is available on the Company's YouTube page.

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

For more information please contact:

Shareholders:

Greg Rieveley
greg.rieveley@norontresources.com
416-367-1444 ext. 117

Media:

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

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

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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2021) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that a total of 4,035,855 shares have been issued from the exercise of warrants and Agent Options resulting in the receipt of $390,694.30. The funds will support the Company's plans to restart the drill program in the Southern Gold Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC on June 15, 2021 (see NR June 2, 2021).

This program will be a continuation of the two drill-hole program initiated April 14, 2021 that returned 1.03 gpt Au over 59 meters and 1.08 gpt Au over 88 meters (See NR May 27, 2021).

About the Project

Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of Excellence for its reclamation work at Miner Mountain.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933
ceo@segoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.

This 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 production, reserve potential, exploration drilling, exploitation 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, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87021

SANTIAGO, June 9 (Reuters) – Workers at BHP Group's Spence copper mine in Chile said on Wednesday they will extend negotiations with the company for a few more days to try and reach agreement on a new contract and avoid a strike at the operation, the union told Reuters.

The union representing 1,100 workers at the mine in Chile's northern Atacama Desert said it hoped to reach agreement by the end of Thursday. (Reporting by Fabian Cambero; Editing by Jacqueline Wong)

If you want to know who really controls Capstone Mining Corp. (TSE:CS), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. We also tend to see lower insider ownership in companies that were previously publicly owned.

With a market capitalization of CA$2.1b, Capstone Mining is a decent size, so it is probably on the radar of institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's take a closer look to see what the different types of shareholders can tell us about Capstone Mining.

Check out our latest analysis for Capstone Mining

What Does The Institutional Ownership Tell Us About Capstone Mining?

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

We can see that Capstone Mining does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Capstone Mining, (below). Of course, keep in mind that there are other factors to consider, too.

Capstone Mining is not owned by hedge funds. Our data shows that Grm Investments Ltd. is the largest shareholder with 25% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 9.8% and 4.4%, of the shares outstanding, respectively. Additionally, the company's CEO Darren Pylot directly holds 0.5% of the total shares outstanding.

After doing some more digging, we found that the top 15 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Capstone Mining

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

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

Shareholders would probably be interested to learn that insiders own shares in Capstone Mining Corp.. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around CA$47m worth of shares (at current prices). If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.

General Public Ownership

With a 46% ownership, the general public have some degree of sway over Capstone Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

Our data indicates that Private Companies hold 34%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Capstone Mining better, we need to consider many other factors. Be aware that Capstone Mining is showing 3 warning signs in our investment analysis , you should know about…

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

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

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, BC, June 9, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX) ("FPX" or the "Company") is pleased to report the results of expanded field tests which demonstrate the potential for significant direct air carbon capture in tailings at its Baptiste Project in the Decar Nickel District in central British Columbia. These field tests, from Phase 2 of a two-part program conducted by researchers from the University of British Columbia ("UBC") funded by FPX and the Government of Canada, continue to demonstrate that the Baptiste Project's tailings can sequester significant quantities of carbon dioxide ("CO₂") when exposed to air through a natural process of mineral carbonation.

Highlights

• The positive results of the 59-day Phase 2 field test (September to November 2020) described herein expand upon the 24-day Phase 1 results (August 2020) described in the Company's February 16, 2021 news release

• Significant rates of carbon sequestration were noted on a continuous basis throughout Phases 1 and 2 under all test conditions, with the highest rates of sequestration occurring in tailings subjected to churning at regular intervals to encourage greater exposure of the crushed material to air

• Measurements during the combined 83-day Phase 1 and 2 field programs indicate capture of a total of 5.8 grams of CO₂ for each kilogram of crushed Baptiste tailings exposed to air by churning on a regular basis to a depth of 12 cm

• Carbon sequestration rates observed during these Phases 1 and 2 (3.7 kg CO₂/m² year) are approximately 50% greater than the estimated average rates of capture under the dry conditions at BHP's Mount Keith nickel mine in Western Australia (2.5 kg CO₂/m² year; see Note 1)

Cautionary Statement: The test results described herein are preliminary in nature and may not be representative of conditions or results in an operating environment, particularly as it pertains to the representativeness of mineralization, moisture content, changes in weather conditions, process water chemistry and tailings emplacement configuration, including the rate at which tailings are covered with fresh material, among other para meters. There is no certainty that the results reported herein will be realized in an operating environment. Further studies are recommended to expand the scale of testing to better understand the potential for carbon sequestration to be realized in an operating environment.

"These positive results continue to demonstrate that Baptiste has unique potential to become the world's first large-scale, carbon-neutral nickel operation," commented Martin Turenne, FPX Nickel's President and CEO. "The competitive advantage for FPX is the elevated content in our Baptiste deposit of the key, highly carbon-reactive mineral brucite, which is present in higher concentrations at Baptiste than at typical intrusive-hosted ultramafic nickel sulphide deposits. The elevated brucite content of the Baptiste deposit therefore presents us with a unique opportunity to drive toward carbon neutrality at Baptiste, and we look forward to expanded testing in 2021 to deliver further evidence to investors and potential strategic partners alike."

The two-phase test program builds on more than a decade of research on technologies that maximize the reaction between CO₂ and brucite (mineral form of magnesium hydroxide) present in the Baptiste mine tailings. In a natural process called carbon mineralization, CO₂ reacts with brucite in the tailings, binding the CO₂ in a benign, solid magnesium carbonate which is stable on a geological time scale.

The test work summarized herein was completed on a representative Baptiste mineralized composite of approximately 300 kilograms comprised of core sample reject material crushed to 50-360 µm, consistent with the tailings size anticipated during mine operation. Analysis of the core material indicated 1-2 wt% content of brucite, a range consistent with the average brucite content of the Baptiste deposit. The Phase 1 field program was conducted at an outdoor site in Prince George from August 5-29, 2020. On completion of Phase 1 testing in August, the tailings were moved to Vancouver and a second stage was conducted outdoors from September 14 to November 12, 2020.

The tailings sample was divided into splits of 37 kilograms loaded to a depth of 12 centimeters into eight cells in two large containers, with local water added to achieve a moisture content of approximately 15 wt%. One container was exposed to local weather conditions (including precipitation and solar radiation), while the second was placed under a shade tent to control the water content of the tailings, which was maintained approximately constant by the manual addition of water from time to time. Large rainfall events had no noticeable impact on the rate of CO₂ capture, which is considered a positive finding given the precipitation rates in central British Columbia.

Two physical manipulations, churning and aeration, were each applied to four of the eight cells, with the four remaining cells left undisturbed as controls. In the churned cells, the tailings were manually overturned to a depth of 12 cm; churning occurred once per day during the Phase 1 test, and on an approximately weekly basis during Phase 2. In the aerated cells, narrow holes with a diameter of 1 cm were bored on a 5 cm grid from the surface to the bottom of the cell to encourage a greater exposure of air to the crushed material. Two methodologies were employed to confirm the amount of carbon sequestered during the test program, as described in the Company's February 16, 2021 news release.

In the cells churned to a depth of 12 cm at regular intervals, carbon absorption measurements demonstrate capture of 5.8 grams of CO₂ for each kilogram of crushed Baptiste tailings in the cell over the course of the combined 83-day Phase 1 and 2 programs, with no addition of new tailings. Based on this amount of carbon sequestration, it is estimated that only approximately 45% of the brucite reacted with carbon dioxide, leaving 55% of the brucite available for reaction and suggesting future opportunities to optimize the reaction between tailings and CO₂ in air to achieve even higher rates of carbon capture.

In the control and aerated cells, an average of 2.5 grams of CO₂ was captured for each kilogram of crushed Baptiste tailings in the cells over the course of combined Phase 1 and 2 trials, representing approximately 43% of the sequestration rate observed in the churned cells.

Carbon sequestration rates observed in the churned cells during Phases 1 and 2 (3.7 kg CO₂/m² year) are approximately 50% greater than the estimated average rates of capture at BHP's Mount Keith nickel mine in Western Australia (2.5 kg CO₂/m² year), where it is estimated that approximately 39,800 tonnes/year of atmospheric CO₂ are being trapped and stored in tailings (see Note 1).

Note 1: International Journal of Greenhouse Gas Control, "Offsetting of CO₂ Emissions by Air Capture in Mine Tailings at the Mount Keith Nickel Mine, Western Australia: Rates, Controls and Prospects for Carbon Neutral Mining", Wilson et al., 2014

Next Steps

In addition to the 2020 direct air capture test results described herein, UBC researchers have conducted additional testing to assess the rate and quantity of carbon capture from the injection of concentrated CO₂ gas into Baptiste tailings. The Company expects to report the findings of the concentrated injection test program in the coming weeks.

The Company is further expanding the size and scope of carbon sequestration testing, with two direct air capture experiments to commence in the third quarter of 2021:

1. Six-month experiment at a location in Vancouver on approximately 2.4 tonnes of tailings material, or approximately eight times the scale of the 2020 experiment

2. 1-year experiment at a location in central British Columbia on approximately 300 kg of tailings material, designed to better understanding the longer-term carbon sequestration potential of undisturbed tailings.

These two experiments will build off the 2020 experiment and address several conceptual operating parameters, including:

• Expanding the tonnage footprint to understand sequestration performance at varying depths of tailings deposition;

• Building an enhanced understanding of the impact of tailings water content and air temperature (including freezing temperature) on the rate of carbon sequestration;

• Improving the understanding of the effect of churning frequency on the rate of carbon capture.

Dr. Peter Bradshaw, P. Eng., FPX's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

About the Decar Nickel District

The Company's Decar Nickel District claims cover 245 km² of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia. The District is a two-hour drive from Fort St. James on a high-speed logging road.

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni₃Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling in the first three plus petrographic examination, electron probe analyses and outcrop sampling on all four. Since 2010, approximately US $24 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 82 holes and over 31,000 metres of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit. The Van target was not drill-tested at that time as rock exposure was very poor prior to more recent logging activity.

As reported in the current NI 43-101 resource estimate, having an effective date of September 9, 2020, the Baptiste Deposit contains 1.996 billion tonnes of indicated resources at an average grade of 0.122% DTR nickel, containing 2.4 million tonnes of nickel, plus 593 million tonnes of inferred resources with an average grade of 0.114% DTR nickel, containing 0.7 million tonnes of nickel, both reported at a cut-off grade of 0.06% DTR nickel. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600 or ceo@fpxnickel.com.

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne, President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/09/c6268.html

Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

Given this risk, we thought we'd take a look at whether Salazar Resources (CVE:SRL) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

Check out our latest analysis for Salazar Resources

When Might Salazar Resources Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Salazar Resources last reported its balance sheet in March 2021, it had zero debt and cash worth CA$6.1m. In the last year, its cash burn was CA$3.0m. Therefore, from March 2021 it had 2.0 years of cash runway. Arguably, that's a prudent and sensible length of runway to have. Depicted below, you can see how its cash holdings have changed over time.

How Is Salazar Resources' Cash Burn Changing Over Time?

Salazar 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 31%, 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. Admittedly, we're a bit cautious of Salazar Resources due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

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

Given its cash burn trajectory, Salazar Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of CA$55m, Salazar Resources' CA$3.0m in cash burn equates to about 5.5% 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 Salazar Resources' Cash Burn?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Salazar Resources' cash burn relative to its market cap was relatively promising. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. Readers need to have a sound understanding of business risks before investing in a stock, and we've spotted 3 warning signs for Salazar Resources that potential shareholders should take into account before putting money into a stock.

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.

* Project has now received approval to export copper concentrate

* First-phase production to be around 200,000 T of copper per year (Adds detail on concentrate export approval)

By Tom Daly

June 9 (Reuters) – China's Zijin Mining said one of its subsidiaries and Citic Metal will each buy 50% of the copper output from the first phase of its Kamoa-Kakula mine in Democratic Republic of Congo (DRC), which has now won approval to export concentrate.

The deals will see wholly-owned Zijin unit Gold Mountains (H.K.) International Mining Co Ltd and trader Citic Metal, part of state-owned conglomerate Citic Group, split the initial offtake from what is expected to be the world's highest-grade major copper mine.

The agreements were done "on competitive arms-length commercial terms" and include treatment and refining charges based on the annual industry benchmark, Zijin said in a filing on Wednesday.

They are for both copper concentrate directly from Kamoa-Kakula, which started production on May 25, and blister copper processed at a nearby smelter, it added.

Canada-based Ivanhoe Mines, Zijin's main partner in the Kamoa Copper joint venture that operates the mine, also announced the deals, saying first-phase output is projected to be approximately 200,000 tonnes of copper per year.

"We have all necessary authorizations in place and will commence exports of (copper products) to meet the burgeoning international demand for electrification of the global economy," Ivanhoe President Marna Cloete said in a statement.

The company said in late May it had applied for a waiver that would allow it to ship concentrate to overseas markets despite a DRC ban on exports since 2013 to encourage domestic processing. The DRC has issued regular waivers to the ban.

The buyers will be responsible for arranging freight and shipment of the copper to its final destination, initially via the port of Durban, South Africa, Ivanhoe said.

Citic Metal and the Zijin unit will each provide an advance payment of up to $150 million, which can be drawn on by Kamoa Copper from June 10 this year until May 31, 2023.

"The facility will bear an annual interest rate of 8% and will be offset against provisional payments due to Kamoa Copper from product deliveries," Ivanhoe added. (Reporting by Tom Daly; Editing by Emelia Sithole-Matarise, Kirsten Donovan)

June 9 (Reuters) – China's Zijin Mining Group said on Wednesday one of its subsidiaries and trader Citic Metal would each buy 50% of the copper production from the recently-launched first phase of its Kamoa-Kakula mine in the Democratic Republic of Congo (DRC).

The deals will see wholly-owned Zijin unit Gold Mountains (H.K.) International Mining Co Ltd and Citic Metal, part of state-owned conglomerate Citic Group, split the initial offtake from what is expected to be the world's highest-grade major copper mine.

The agreements were done "on competitive arms-length commercial terms" and include treatment and refining charges based on the annual industry benchmark, Zijin said in a filing.

They are for both copper concentrate directly from Kamoa-Kakula, which started production on May 25, and blister copper processed at a nearby smelter, it added.

Canada-based Ivanhoe Mines, Zijin's main partner in the Kamoa Copper joint venture that operates the mine, also announced the deals on Wednesday, saying that first-phase output is projected to be approximately 200,000 tonnes of copper per year.

The buyers will be responsible for arranging freight and shipment of the copper to its final destination, initially via the port of Durban, South Africa, Ivanhoe said.

Citic Metal and the Zijin unit will each provide an advance payment of up to $150 million, which can be drawn on by Kamoa Copper from June 10 this year until May 31, 2023.

"The facility will bear an annual interest rate of 8% and will be offset against provisional payments due to Kamoa Copper from product deliveries," Ivanhoe added. (Reporting by Tom Daly; Editing by Emelia Sithole-Matarise)

Kamoa-Kakula fully authorized to commence exports of blister copper and copper concentrate to international markets

Kolwezi, Democratic Republic of Congo–(Newsfile Corp. – June 9, 2021) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that Kamoa Copper SA – the operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the Government of the Democratic Republic of Congo (DRC) – has signed copper concentrate and blister copper off-take agreements on competitive arm's-length commercial terms, for 100% of Kamoa-Kakula's Phase 1 copper output, which is projected to be approximately 200,000 tonnes of copper per year.

Kamoa Copper began producing copper concentrate on May 25, 2021, and made its first delivery of concentrates to the nearby Lualaba Copper Smelter, outside of Kolwezi, on June 1, 2021.

Watch a new video showcasing Kamoa-Kakula's milling, flotation and recovery processes involved in producing the ultra-high grade, clean copper concentrate: https://vimeo.com/560814916/6db2333083

Kamoa Copper has signed off-take agreements with CITIC Metal (HK) Limited (CITIC Metal) and Gold Mountains (H.K.) International Mining Company Limited, a subsidiary of Zijin, for 50% each of the copper products from Kamoa-Kakula's Phase 1 production. The off-take agreements are evergreen for the production volumes from Phase 1, including copper concentrate and blister copper resulting from processing of copper concentrates at the Lualaba Copper Smelter.

The off-take agreements contain standard, international commercial terms, including copper payables and treatment and refining charges based on the annual benchmark across the copper industry. The ultra-high-grade, clean concentrate produced by Kamoa-Kakula is expected to contain approximately 57% copper and very low levels of impurities.

CITIC Metal and Zijin will purchase the copper concentrate at the Kakula Mine and the blister copper at the Lualaba Copper Smelter on a free-carrier basis, meaning the buyers will be responsible for arranging freight and shipment to the final destination, initially via the port of Durban, South Africa.

CITIC Metal and Zijin each will provide an advance payment facility of up to US$150 million (US$300 million in total) to be drawn at the election of Kamoa Copper from June 10, 2021, until May 31, 2023. The facility will bear an annual interest rate of 8% and will be offset against provisional payments due to Kamoa Copper from product deliveries. Payment terms include an option to receive a provisional payment on a 100%-basis within three business days of invoicing, at the end of each delivery month.

Agreement signed with nearby Lualaba Copper Smelter to produce 99% blister copper in the Democratic Republic of Congo

On May 31, 2021, Kamoa Copper signed a 10-year agreement with the Lualaba Copper Smelter, located outside the town of Kolwezi, for the processing of a portion of Kamoa's copper concentrate production. Kamoa Copper delivered its first copper concentrates to the Lualaba smelter on June 1, and will receive first blister copper ingots within 30 days of delivery.

The Lualaba Copper Smelter is 60%-owned by China Nonferrous Metal Mining Group (CNMC) of Beijing, China. Yunnan Copper of Kunming, China, owns the remaining 40%.

The smelter, which began operations in early 2020, will treat up to 150,000 wet metric tonnes of copper concentrates from Kamoa-Kakula, in return for a treatment charge and market-based realization fee, and produce blister copper containing approximately 99% copper that will be returned to Kamoa Copper, and collected by CITIC Metal and Zijin from a dedicated storage area at the Lualaba Copper Smelter.

The Lualaba Copper Smelter is the first modern, large, pyro-metallurgical copper smelter built in the Democratic Republic of Congo, and is approximately 40 kilometres from Kamoa-Kakula via the recently-constructed, dedicated by-pass road.

Marna Cloete, Ivanhoe Mines President and CFO, commented: "We are very pleased to have reached agreements with our partners CITIC Metal and Zijin at internationally-competitive terms. The agreements reflect the great partnership we have with CITIC Metal and Zijin, and the advance payment facilities significantly reduce the mine's working capital requirements as Phase 1 production ramps up.

"We also are pleased to secure a long-term tolling agreement with the local Lualaba Copper Smelter, in keeping with our commitment to in-country beneficiation that includes Kamoa Copper's longer-term plan to construct its own direct-to-blister smelter.

"We have all necessary authorizations in place and will commence exports of clean, hydro-electricity-produced copper products from the Kamoa-Kakula mine to meet the burgeoning international demand for electrification of the global economy."

Copper production guidance for 2021

Ivanhoe's guidance for contained copper in concentrate expected to be produced by the Kamoa-Kakula Project for the balance of 2021 assumes a ramp-up from first production in line with published technical disclosures, and is as follows:

All figures are on a 100%-project basis. Metal reported in concentrate is prior to refining losses or deductions associated with smelter terms. Cost guidance is expected to be provided once the Kamoa-Kakula Project's Phase 1 plant has reached steady-state production.

Kakula is projected to be the world's highest-grade major copper mine, with an initial mining rate of 3.8 million tonnes per annum (Mtpa), ramping up to 7.6 Mtpa in Q3 2022. Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, and Phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year. Based on independent benchmarking, the project's phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world's second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.

Given the current copper price environment, Ivanhoe and its partner Zijin are exploring the acceleration of the Kamoa-Kakula Phase 3 concentrator expansion from 7.6 Mtpa to 11.4 Mtpa, which may be fed from expanded mining operations at Kansoko, or new mining areas at Kamoa North (including the Bonanza Zone) and Kakula West.

A 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).

Loading copper concentrate for bulk transportation to the nearby Lualaba Copper Smelter, outside of Kolwezi.

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Samples of Kamoa Copper's copper concentrate being collected before it is shipped to the Lualaba Copper Smelter.

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Trucks transporting bulk copper concentrate from the Kamoa-Kakula Project to the Lualaba Copper Smelter via the recently-completed by-pass road connecting Kamoa-Kakula to Kolwezi. The new 220-kilovolt powerline carrying clean hydro-generated electrity to Kamoa-Kakula is on the right.

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A blister copper ingot produced at the Lualaba Copper Smelter, containing approximately 99% copper, ready for export to international markets.

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Qualified Persons

Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is the Head of the Kamoa Project. Mr. Amos has verified the technical data disclosed in this news release.

Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company's website and under the company's SEDAR profile at www.sedar.com:

• Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.

The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Kamoa-Kakula began producing copper in May2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine when large-scale electric, hydrogen and hybrid underground mining equipment become commercially available. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

Forward-looking statements

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.

Such statements include without limitation, the timing and results of: (i) statements regarding the ultra-high-grade, clean concentrate produced by Kamoa-Kakula is expected to contain approximately 57% copper and very low levels of impurities; (ii) statements regarding Ivanhoe's guidance for contained copper in concentrate expected to be produced by the Kamoa-Kakula Project for the balance of 2021 of 80,000 to 95,000 tonnes; (iii) statements regarding Kakula is projected to be the world's highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa, ramping up to 7.6 Mtpa in Q3 2022; (iv) statements regarding Kamoa-Kakula's Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, and Phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year; (v) statements regarding that, based on independent benchmarking, the project's phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world's second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; (vi) statements regarding that based on a 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd., the Kamoa-Kakula Project will be among the world's lowest greenhouse gas emitters per unit of copper produced; and (vii) statements regarding Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world's lowest greenhouse gas emitters per unit of metal produced.

As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements or information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project scope or design; and (xvii) political factors.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under "Risk Factors", and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.

The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the "Risk Factors" section in the company's 2021 Q1 MD&A and its current annual information form.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87076

Piedmont Lithium Inc., ("Piedmont" or the "Company") (NASDAQ: PLL; ASX: PLL) is pleased to report the results of the updated scoping study ("Scoping Study" or "Study") for its proposed integrated lithium hydroxide business ("Carolina Lithium" or the "Project") in Gaston County, North Carolina. The Study confirms that Carolina Lithium will be one of the world’s largest and lowest-cost producers of lithium hydroxide, with a sustainability footprint that is superior to incumbent producers, all in an ideal location to supply the rapidly growing electric vehicle supply chain in the United States.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210609005267/en/

Figure 1 – Life cycle analysis of key carbon intensity, water usage, and land footprint of Piedmont Carolina Lithium (Graphic: Business Wire)

PROJECT HIGHLIGHTS

Sustainable Lithium Hydroxide Manufacturing

Piedmont Carolina Lithium is expected to have a superior sustainability profile relative to the current producers based in China and South America. Chinese lithium producers are highly reliant on coal-fired power and generally utilize a carbon-intensive sulfuric acid roasting process to convert raw materials shipped in from Australia, while South American producers tend to utilize vast tracts of land and large quantities of water, all in the driest desert in the world, the Atacama.

Metso Outotec process reduces emissions, eliminates sulfuric acid roasting, and reduces solid waste

Solar power generation, in-pit crushing, and electric conveying reduce reliance on carbon-based energy sources

Vastly diminished transportation distances for raw materials and finished product

Highly efficient land and water use compared with South American brine production

Far lower CO₂ intensity than incumbent China hydroxide production including Scope 1, 2, and 3 emissions

Independent preliminary Life-Cycle Analysis ("LCA") completed with Minviro

Exceptional Economics and Scale

The Study confirms that Piedmont will be a large and low-cost producer of lithium hydroxide, benefitting from its ideal location in Gaston County, North Carolina, with exceptional infrastructure, a deep local talent pool, low-cost energy, and proximity to local markets for the monetization of by-product industrial minerals. The Study results represent a substantial improvement over prior studies despite the use of more conservative assumptions related to mining dilution and metallurgical recoveries.

The competitive advantage of Piedmont’s unique location is depicted in the following lithium hydroxide cost curve, which was prepared by Roskill, a leading lithium industry consultancy.

Fully Integrated Manufacturing Campus

Piedmont Carolina Lithium contemplates a single, integrated site, comprising quarrying, spodumene concentration, by-products processing, and spodumene conversion to lithium hydroxide. There are currently no such integrated sites operating anywhere in the world, and the economic and environmental advantages of this strategy are compelling:

Premier location in Gaston County, North Carolina – "the cradle of the lithium business"

Elimination of SC6 transportation costs and related noise and emissions

On-site solar complex to power concentrate operations and reduce reliance on diesel fueled equipment

Potential to co-locate other downstream battery materials / Li-ion battery manufacturing

Creation of up to 500 manufacturing, engineering, and management jobs

Site offers potential to expand hydroxide capacity by adding additional manufacturing trains in the future

"We are exceedingly pleased with the results of our updated Scoping Study. The economics of our Project continue to impress, but I am particularly proud of the Project’s sustainability profile. Customers, investors, and neighbors are increasingly focused on businesses that are "doing things the right way." It is critical that raw material supply chains do not detract from the overall sustainability of the transition to electric vehicles. Our project will have a far lower environmental footprint than alternative suppliers, and we expect that to position Piedmont well with all stakeholders.

As we move forward to complete a Definitive Feasibility Study for Carolina Lithium later in 2021, Piedmont has engaged Evercore and JPMorgan as financial advisors to evaluate potential strategic partnering and financing options for its North Carolina Project. Given the Project’s unique position as the only American spodumene project, with world-class scale, economics, and sustainability, we expect strategic interest to be robust.

Keith D. Phillips, President and Chief Executive Officer

Click here to view the complete release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210609005267/en/

Contacts

Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

Brian Risinger
VP – Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com

VANCOUVER, BC, June 9, 2021 /CNW/ – Trading resumes in:

Company: Neo Lithium Corp.

TSX-Venture Symbol: NLC

All Issues: Yes

Resumption (ET): 10:00 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/June2021/09/c9864.html

• Significant increase in northern high-grade mineral resource estimate at 800 mg/l lithium cut-off:

• Significant increase of central and southern medium-grade resource estimate at 400 mg/l Lithium cut-off:

• Average combined impurities for Magnesium/Lithium and Sulphate/Lithium continue to be lowest in industry

• Potential for resource expansion continues to exist at depth, and off strike on the eastern border of the 3Q Project under the alluvial cones.

TORONTO, June 9, 2021 /CNW/ – Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce an updated resource estimate for the Tres Quebradas lithium brine project in Catamarca Province, Argentina ("3Q Project"). This updated mineral resource estimate has been completed under the supervision of Canadian-based Groundwater Insight, Inc., which is independent of the Company.

Based on this updated mineral resource estimate, the 3Q Project deposit continues to improve, confirming that it is one of the largest and highest-grade lithium brine deposits in the world.

Since the completion of the previous mineral resource estimate in July 2018, the Company has continued drilling and has revised the statistical criteria to define measured, indicated, and inferred resources. Using the new drill holes (see news release dated May 27, 2021 for further information) and the revised statistical criteria, the measured and indicated mineral resource categories have increased by 125% at the 800 mg/l lithium cut-off, and by 33% at 400 mg/l lithium cut-off, when compared to the July 2018 estimate. Similar average grades and impurities were observed.

The updated lithium resource estimate is summarized in Tables 1 and 2, for the 800 and 400 mg/l cut-offs, respectively, with comparison to the July 2018 results.

Table 1 – in situ Lithium Resource at 800 mg/L Lithium cut-off

Table 2 – in situ Lithium Resource at 400 mg/l Lithium cut-off

Average density for the brine is 1.217. The low magnesium and sulfate content of the mineral resource is consistent with the previous mineral resource estimate. Table 3 summarizes the main impurities ratios for magnesium and sulfate.

Table 3 – 3Q Project Impurity Ratios at 800 mg/l Lithium Cut-off

"These updated results confirm that 3Q Project is one of the most significant lithium brine discoveries in recent history" said Dr. Perez, President and CEO of Neo Lithium. "We continue to add high quality resources to the 3Q Project and there is still incremental value and growth at this world-class high-grade resource."

Neo Lithium's wholly-owned 3Q Project is within an elongated salar, 28 km in length that contains a high-grade resource in the northern third of the salar, roughly defined by the 800 mg/l cut off, and a medium-grade resource in the southern two thirds of the salar, within the 400 mg/l cut off. The high-grade resource is strategically important because it requires smaller evaporation ponds to put the project into production. Since the pond size is geometrically related to grade, increases in grade have a significant impact in decreasing capital costs of pond construction. Ponds can represent up to 50% of the capital cost of an evaporative lithium brine project. Therefore, an important design goal of the project is to minimize pond size.

"We are very pleased with these updated results, which highlight further upside at the 3Q Project. However, this development does not take away focus from our ongoing work toward the completion of the Feasibility Study in Q3," said Gabriel Pindar, COO of Neo Lithium. "These results emphasize the potential for further expansion, even beyond what we originally thought."

Feasibility Study Update

The Company is working with Worley on the Feasibility Study for the 3Q Project. The current larger mineral resource estimate is not expected to negatively impact the new reserve estimation and mine plan that will be delivered as part of the Feasibility Study. The Company does not expect mineral extraction methods to change as a result of the increased mineral resource estimates, as the grade and location of the mineral resource remains substantially the same. Accordingly, the "Preliminary Feasibility Study ("PFS") – 3Q Project, NI 43-101 Technical Report Catamarca, Argentina" with an effective date of May 7, 2019 and amended as of May 8, 2019, and subsequently amended April 1, 2021 is still relevant and valid as a preliminary indication of the economic potential of the 3Q Project.

A new reserve estimate will be issued along with the Feasibility Study, to be completed by Worley at the end of Q3 – beginning of Q4 2021. We have completed all base engineering work and issued proposals to receive vendor budgetary quotes to start compiling the Feasibility Study Capex estimate. At this stage we remain within the parameters of the PFS Capex and we do not expect major changes or deviations from it beyond the accuracy of the PFS estimate.

Our expanded pilot ponds have been commissioned and are fully operational. We will be reconfiguring the pilot plant to reflect continuous operation as part of our operational testing procedure. Both systems have provided valuable information in support of the Feasibility Study and are serving as training grounds for our team in Argentina. We are proud to announce that we have now reached 20% of our future permanent staff, in full compliance with our Environmental, Social and Governance (ESG) goals, providing training and work opportunities to local people, and thus strengthening the relationship with our local community.

Resource Estimate Methodology

The mineral resource estimate was prepared in accordance with best practice methods specific to brine resources. The approach includes a reliance on drilling and sampling methods that yield depth-specific chemistry and drainable porosity measurements of the brine host rock.

The mineral resource calculation is based on four drilling and sampling campaigns, which included the following:

• Completion of 10,523.65m of drilling (6,145.75m of diamond drill and 4,377.90m of rotary holes) divided in 56 drill holes.

• The deepest hole was 647m.

• The rotary wells were completed with 8 or 10 inch PVC or iron piping. They were pumped for over 48 hours to ensure the brine flowed from the aquifer and that all remaining traces of drill mud was removed. Outflow was typically sampled at six-hour intervals. All samples were averaged (typically 6 to 10 samples were collected in each well) and the sample concentration was attributed to the gravel pack interval of the well.

• The diamond drill holes were cored with HQ triple tube.

• Of the 56 holes used for the mineral resource estimate, nine reached the basement at depths ranging from 50m (in the western boundary of the salar) to 647m in the eastern border of the salar. All others were terminated after reaching target depth or due to drill limitations.

• The total thickness of the basin exceeds 650m on the eastern side, and brine saturated sediments are present throughout the majority of the sequence; the exception is relatively fresher-water zones where surface inflows occur.

• A total of 230 brine samples plus 74 QA/QC samples were collected from the drill holes during drilling and from completed wells; and 45 surface samples were collected from the 3Q and Verde lagunas. Repeat samples were averaged resulting in 184 unique sample locations, that were used to calculate the resource estimate.

• Brine samples were collected from the diamond drill holes during drilling, using a standard packer technique (both single and double packer) to obtain samples from discrete levels of the formation. Fluorescein dye was used to ensure that the samples were representative of the collection interval. Sampling intervals range from 2m to 50m, depending on the hole.

• Brine was sampled (and bathymetry conducted) in Laguna 3Q and Laguna Verde, located at the north and south ends of the salar, respectively. Extensive sampling indicates that the brine composition in these lagunas is essentially continuous with the brine under the salar crust.

• Brine samples interpreted to reflect the influence of freshwater inflows (Rio Salado, Rio Nacimiento, and Rio 3Q) were removed from the data set prior to interpolation. Similarly, volumes of the subsurface associated with fresher water were also removed from the salar volume for resource estimation.

The previous (2018) mineral resource estimate used a search radius criteria technique to classify measured, indicated and inferred resources. In the current estimate the approach was revised to a borehole density method. Both methods are widely used in both brine and hard rock resource estimation. The borehole density method was considered more appropriate based on an increasing body of site data, which continue to support spatially predictable geology and brine trends.

Geology and Brine Model

Geology and brine models were assembled in the numerical modeling software FEFLOW. Geology was interpreted from surface mapping, diamond drilling core and rotary borehole logging. Eight primary geological units were identified:

• Brine lakes: standing bodies of surface brine at the north and south ends of the salar complex (Laguna 3Q and Laguna Verde, respectively);

• Hyper-Porous Halite: karstic, near surface halite (typically less than 50m depth);

• Upper Sediments: formed by sand, silt and conglomerates located at surface or near surface;

• Porous Halite: formed by halite with moderate porosity that is readily identified by visual methods;

• Massive Halite: this unit generally occurs as labelled, but often contains interbedded layers of clay, volcaniclastics, and halite with greater visible porosity. Consistent with this observation, a range of tests have indicated potentially important porosity in this unit.

• Lower Sediments: well rounded sand, silt and minor conglomerates hosted below the Massive Halite (typically 300m to 500 m deep);

• Fanglomerates: sedimentary polymictic angular breccia with sand matrix located below the Lower Sediments and above the Basement, typically below 500 m depth; and

• Hydrostratigraphic Basement: Permian andesites and dacites; generally considered to have negligible or low drainable porosity.

Core samples were packed in Lexan tubing and shipped to Daniel B. Stephens & Associates Inc. ("DBS"), Inc., a laboratory in the U.S., to measure Relative Brine Release Capacity (RBRC). This method of porosity determination is designed to estimate Specific Yield, which is the portion of the total porosity that can reasonably be expected to drain through pumping. General porosity trends were consistent with geology, with considerable variability also noted within geological units.

RBRC was measured in 307 core samples (across all drilling campaigns), to estimate the Specific Yield of each geological unit. Pumping tests were also completed in the Hyper-Porous Halite, Upper Sediments and Porous Halite.

A summary of the RBRC measurements and the percentage of the resource in each unit is provided in Table 4.

Table 4 – RBRC Results and the Distribution of the Resource between the Primary Geological Units

The Hyper-Porous Halite hosts 11% of the resource. A pumping test was completed in this unit that included the use of fluorescein dye, which enabled estimation of Effective Porosity, a parameter that is closely related to Specific Yield. The test provided an Effective Porosity value of 15%, which is consistent with the average RBRC value for the unit.

The Lower Sediments and Fanglomerates host a combined 35% of the total resource (almost entirely classified as inferred resource, due to depth and lower borehole density). Only 13 boreholes penetrate to these units, and only two completely penetrate the units. Further exploration is required at depth along the entire salar complex with the objective of converting these inferred resources into the measured and indicated categories.

The brine data were interpolated directly within FEFLOW, to minimize the potential for errors in transferring distributions between software packages. Mass calculations were conducted within FEFLOW, with consideration of the assigned drainable porosity and the interpolated grade in each model cell.

Further Drilling and Blue Sky

The expansion of the resource estimate in the high-grade zone is based on the discovery of high-grade brine at depth and to the east (and outside) of the previous mineral resource estimate. As a result, the company decided to continue the drilling campaign in the high-grade mineral resource in the next season (starting September 2021). This follow-up drilling campaign will focus on the high-grade mineral resource at depth. The deepest hole in the high-grade zone is currently 365 m, and it did not reach basement. This is taken as an indication of further discovery potential at depth and to the east of Laguna 3Q under a large flanking alluvial fan. The upcoming drilling campaign will not delay the company's work to initiate pond construction in the coming austral summer, since it is located some distance from the construction sites.

Qualified Person

Neo Lithium requested Groundwater Insight, Inc. based in Nova Scotia, Canada to supervise the preparation of an independent lithium brine resource estimate for the Company's 3Q Project brine deposit in Argentina. Dr. Mark King, Ph.D., P. Geo., Hydrogeologist with Groundwater Insight Inc., served as the Qualified Person (QP) for this work, as such terms are defined by NI 43-101. The mineral resource estimate was prepared by Engineer and Numerical Modeler Paul Martin (P. Eng., Aqua Insight Inc.) using the FEFLOW software.

The current increase of total resources (taking into account measured, indicated and inferred mineral resource categories) is approximately 9%. Therefore, the company is of the view that issuance of a new NI 43-101 Technical Report, to document the resource, is not required at this time.

The final Technical Report (including a resource and reserve estimate to be supervised by Groundwater Insight, Inc.) will be prepared in accordance with NI 43-101 and will be consistent with the standards and guidelines set out by the Canadian Institute of Mining, Metallurgy and Petroleum. The report is now in preparation by Worley, and it will be issued as a Definitive Feasibility Study at the end of Q3 or beginning of Q4 2021.

Dr. King has read and approved the contents of this news release, concerning the preparation of the mineral resource estimate. Waldo Perez, Ph.D. and P.Geo., is the internal Qualified Person for the 3Q Project in accordance with NI 43-101.

Brine Sample Collection (QA/QC)

The brine samples collected in the field were delivered by the Company to Andesmar Transport Company ("Andesmar") in Catamarca city, in the province of Catamarca. Andesmar delivered the samples by truck to Alex Stewart Laboratories ("ASL"), an ISO 9001-2008-certified laboratory in Mendoza, Argentina.

ASL used the following analytical methodologies: ICP-OES (inductively-coupled plasma-optical (atomic) emission spectrometry) to quantify boron, barium, calcium, lithium, magnesium, manganese, and potassium; an argentometric method to assay for chloride; a gravimetric method to analyze for sulfate; a volumetric analysis (acid/base titration) for the evaluation of alkalinity (as CaCO3); a gravimetric method to determine density and total dissolved solids; and, a laboratory pH meter to determine pH.

All analytical work is subject to systematic and rigorous Quality Assurance-Quality Control procedures. A reference ("standard") sample was inserted into the sample stream at a frequency of approximately 1 in 15 samples; a field blank was inserted at a frequency of approximately 1 in 15 samples; and a field duplicate sample was inserted at a frequency of approximately 1 in 15 samples.

About Neo Lithium Corp.

Neo Lithium Corp. has quickly become a prominent new name in lithium brine development by virtue of its high quality 3Q Project and experienced team. Neo Lithium is rapidly advancing its 100% owned 3Q Project – a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle".

The 3Q Project is located in the Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 ha including a salar complex of approximately 16,000 ha.

Additional information regarding Neo Lithium Corp. is available on SEDAR at www.sedar.com under the Company's profile and at its website at www.neolithium.ca, including various pictures of ongoing work at the project.

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

Cautionary Statements Regarding Forward-Looking Statements – Certain information set forth in this news release may contain forward-looking statements. Such statements include but are not limited to, statements concerning the Sidecar Placement and the Brokered Offering, the intended use of proceeds therefrom, the Closing Date and receipt of regulatory approvals, including the approval of the TSXV. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "is expected", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, which could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. These risks include, without limitation, failure to obtain adequate financing on a timely basis and on acceptable terms, political and regulatory risks associated with mining and exploration activities, including environmental regulation, risks and uncertainties relating to the interpretation of drill and sample results and to mineral resource and reserve calculations, risks related to the uncertainty of cost and time estimation and the potential for unexpected delays, costs and expenses, risks related to metal price fluctuations, the market for lithium products, and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Although the Company believes its expectations are based upon reasonable assumptions and 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 and undue reliance should not be placed on forward-looking statements.

SOURCE Neo Lithium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/09/c8932.html

VANCOUVER, BC, June 9, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Neo Lithium Corp.

TSX-Venture Symbol: NLC

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:53 AM

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

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

View original content: http://www.newswire.ca/en/releases/archive/June2021/09/c9244.html

The fertilizer industry is riding on solid market fundamentals underpinned by strong global demand and prices for crop nutrients. The underlying strength of the agricultural market, rising crop commodity prices and healthy farm economics are driving demand for fertilizers globally.

Demand for fertilizers is also backed by the need to grow the production of grains to address rising consumption. Moreover, the constant need of growers to nourish their crops, replenish nutrients in the soil following a harvest and boost yields to feed a growing population support the bullish case for fertilizers.

Strong farm profits and higher planted acreage are expected to drive demand for fertilizers in the United States this year. Strong grower economics are also likely to support demand in other major markets such as Brazil and India. A tight global supply-demand balance is also driving fertilizer prices.

Farm economics have strengthened in the United States on the back of a spike in crop commodity prices and government support. According to the U.S. Department of Agriculture (“USDA”), net farm income is projected to be $111.4 billion in 2021. While net farm income is forecast to dip 8.1% from the 2020 level due to lower federal payments to farmers, it would still be 21% higher than its 2000-19 average, based on USDA projections.

It is worth noting that farm profits shot up to their highest level in seven years in 2020 on the back of record levels of federal payments to growers in the wake of the pandemic. Notwithstanding the expected year-over-year decline, solid farm income backed by higher agricultural commodity prices is likely to incentivize farmers to spend on crop nutrients this year.

Meanwhile, phosphate markets are likely to remain robust in the near term on solid demand and pricing dynamics. Tight availability along with firm demand is driving up phosphate prices globally. Potash prices have also strengthened on the back of robust global demand, aided by strong grower economics, higher crop prices and low global inventory levels.

Demand for nitrogen fertilizer also remains healthy in major markets. Global nitrogen requirement is being driven by demand in North America, India and Brazil. Healthy corn acres in the United States are expected to spur nitrogen demand in North America in 2021. Moreover, demand for urea imports into Brazil and India remains favorable. Lower global supply availability stemming from reduced operating rates and a spike in energy prices are also likely to boost nitrogen prices.

Moreover, strong global demand coupled with supply constraints have provided a boost to crop commodity prices. Notably, prices of corn and soybean have rallied to multi-year highs. Higher agricultural commodity prices bode well for crop nutrient demand. Expectations of higher planted corn and soybean acres globally this year on the back of higher crop prices also suggest a pickup in fertilizer demand.

Favorable Zacks Industry Rank

The Zacks Fertilizers industry currently carries a Zacks Industry Rank #25, which places it in the top 10% of more than 250 Zacks industries. The favorable rank reflects the industry’s strength. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.

Price Performance

The Zacks Fertilizers industry has outperformed the broader market in a year’s time. While the industry has rallied 73.1%, the S&P 500 has returned 34%.

Image Source: Zacks Investment Research

4 Stocks Worth a Bet

The companies in the fertilizers space are well placed to benefit from strong pricing and demand dynamics for crop nutrients. Factors like healthy farm income and expectations of increased planted acres are expected to drive demand globally. As such, the time is ripe for the investors to add some fertilizer stocks that offer significant growth prospects.

Below we highlight four stocks, with a solid Zacks rank, that are good options for investment right now. Our research shows that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer good investment opportunities.

You can see the complete list of today’s Zacks #1 Rank stocks here.

CF Industries Holdings, Inc. CF: The Illinois-based company sports a Zacks Rank #1. The company should benefit from higher nitrogen fertilizer demand in major markets. Higher nitrogen prices are also expected to support the company’s bottom line. CF Industries also remains committed to boost shareholders’ value by leveraging strong cash flows.

The company has expected earnings growth rate of 121.8% for the current year. The Zacks Consensus Estimate for current-year earnings for the company has also moved up 55.2% in the past 60 days. The company’s shares have also rallied around 80% over the past year.

Nutrien Ltd. NTR: This Canada-based company carries a Zacks Rank #2. The company should benefit from solid demand and higher prices for fertilizers, especially potash. It is expected to gain from strong potash sales volumes this year on the back of solid domestic and overseas demand. Nutrien is also well placed to gain from acquisitions, cost efficiency and increased adoption of its digital platform. The company also continues to grow its footprint in Brazil through acquisitions, including Tec Agro.

Nutrien has expected earnings growth rate of 78.3% for the current year. The Zacks Consensus Estimate for earnings for the current year has also been revised 18.5% upward over the last 60 days. The stock has also shot up roughly 71% over the past year.

Yara International ASA YARIY: The Norway-based company has a Zacks Rank #2. It should benefit from the strength in the nitrogen fertilizer market. Rising nitrogen prices are expected to lend support to its margins. Yara should also gain from a recovery in its industrial business on the back of a rebound in demand.

The company has expected earnings growth rate of 27.3% for the current year. The consensus estimate for earnings for the current year has also been revised 1% upward over the last 60 days. The stock has also gained roughly 50% over the past year.

Sociedad Quimica y Minera de Chile S.A. SQM: The Chile-based company carries a Zacks Rank #2. The company should benefit from being the low-cost producer of potassium chloride, potassium sulfate and potassium nitrate. Moreover, higher demand is expected to boost sales volumes in its specialty plant nutrition business this year. Rising demand is also expected to drive prices of potassium chloride.

The company has expected earnings growth rate of 34.4% for the current year. The consensus estimate for the current year has also been revised 5.2% upward over the last 60 days. The stock has also rallied around 62% over a year.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

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To read this article on Zacks.com click here.

Zacks Investment Research

Vale is the IBD Stock Of The Day as the Brazilian miner is looking to exit the coal business. The stock is working on a new buy point.

European stock markets were mixed on Wednesday ahead of US president Joe Biden's visit to the UK later in the day for the G7 Summit, his first international trip since taking office. 

The FTSE 100 (^FTSE), which has been trading in the red all the day, closed down 0.2%, falling below the 7,100 mark to 7,082. 

Markets continued to be cautious about inflation as they reacted to Chinese inflation data. 

"Rising inflation in China – up from 0.9% in April to 1.3% in May – can shoulder some of the blame, causing a flurry of losses in the FTSE’s mining sector," said Connor Campbell, financial analyst at SpreadEx. 

Major mining stocks weighed heavy on the FTSE after falling on the news. Rio Tinto (RIO.L) declined 2%, Anglo American (AAL.L) dropped 3% and Antofagasta (ANTO.L) was down 1.8%. 

But travel and COVID vaccine stocks helped it make up for some lost ground. British Airways owner International Consolidated Airlines Group (IAG.L) closed up nearly 4%, while AstraZeneca (AZN.L) was up 3% and GlaxoSmithKline (GSK.L) gained over 2%. 

Meanwhile, the World Bank updated its growth forecast, with the global economy now set for the fastest recession recovery in more than 80 years. The Washington-based group expects the world economy to grow by 5.6% in 2021. The upgraded outlook beats previous expectations in January for growth of 4.1%.

Despite the recovery, the institution warned on Tuesday that global output will be about 2% below pre-pandemic projections by the end of this year.

Things on the continent are also moving in the right direction, with Europe’s COVID vaccinations accelerating after a slow start and most countries lifting lockdown restrictions, with inflation, consumer and business confidence rebounding strongly.

European stocks were mixed. France’s CAC (^FCHI) was up 0.3%, and the DAX (^GDAXI) ended the session 0.3% lower in Germany.

Investors await the key event this week, a meeting of the European Central Bank (ECB) on Thursday, to gauge how the upbeat economic outlook changes the policy plans of the president Christine Lagarde and the bank, as well as the latest inflation data from the US, also on Thursday.

Read more: UK property market hots up with homes under sale at decade high

Major indices have been on a knife edge amid fears the pandemic recovery will cause economies to overheat and prompt central banks to withdraw policy support sooner than expected.

Inflation concerns, supply-chain issues and staff shortages are also adding further pressure as investors look for direction.

Across the Atlantic, US stocks opened mixed following Europe's lead ahead of Thursday’s consumer-price data that could offer hints on how long the Federal Reserve holds off tapering stimulus.

Wall Street’s blue-chip S&P 500 (^GSPC) was up 0.1% at the time of London's close on Wednesday, after coming within inches of a fresh record on Tuesday. 

The Dow Jones (^DJI) was trading less than 0.1% higher, and the tech-heavy Nasdaq (^IXIC) continued its rally, gaining 73.86 points, or just over 0.5% after the opening bell, it declined to trade up 0.2% shortly after. 

Asian stocks were also mixed overnight. The Nikkei (^N225) fell 0.4% in Japan, while the Hang Seng (^HSI) was down 0.2% and the Shanghai Composite (000001.SS) closed just over 0.3% up.

It comes after the Chinese producer price index (PPI) jumped 9% from a year earlier, the highest in over 12 years, on surging commodity prices. The country’s consumer price index for the same month rose 1.3% from a year earlier.

China has been taking steps to curb the recent sharp increase in commodity prices. "While some of the rise can be attributed to base effects due to the huge slide in commodity prices that we saw in March and April last year, which saw PPI decline 3.7%, there is increasing evidence that various supply side issues are starting to create a situation where rather than being transitory, inflation pressures could become more persistent," said Michael Hewson, chief market analyst at CMC Markets. 

Crude oil (CL=F) fell 0.3% as the US dashed hopes of Iranian crude exports returning, it was trading up 0.4% to $70.30 (£50) earlier in the day. 

US Secretary of State Antony Blinken said that even if America reached a nuclear deal with Iran, hundreds of sanctions on Tehran would remain in place.

Brent (BZ=F) was also in the negative territory, down 0.2% to $72.11. Both benchmarks rallied last week, with crude hitting $70 a barrel for the first time since October 2018.

Watch: What are SPACs?

Edmonton, Alberta–(Newsfile Corp. – June 9, 2021) – Grizzly Discoveries Inc. (TSXV: GZD) (OTCQB: GZDIF) (FSE: G6H) ("Grizzly" or the "Company") is pleased to announce that field crews have mobilized to commence the evaluation of high-priority conductivity anomalies in the search for Cobalt (Co) – Copper (Cu) – Silver (Ag) mineralization that have been identified at its Robocop Property following analysis of the recent 400 line-km Versatile Time Domain Electromagnetic ("VTEM™") and magnetic survey data (Figure 1 below). Initial geochemical sampling will be conducted across the property which will be followed up by ground geophysical surveys over the high-priority anomalies. The Robocop Property is 100% owned by Grizzly and is easily road accessible in Southeast British Columbia (the "Property"), near the hamlets of Grasmere and Roosville.

Brian Testo, CEO of Grizzly commented, "It is great to see the mobilization of field crews. The geophysical anomalies will be drill tested later in the year following additional fieldwork to identify drill-collar locations. The Property has significant potential for new copper-cobalt discoveries."

Crews from APEX Geoscience Ltd. have been mobilized to the field to conduct follow-up geochemical surveys to test a number of high and secondary priority geophysical anomalies identified in the vicinity of the "Discovery Area" (See Figure 2 below) and across the property. The Discovery Area has provided historical anomalous trench and core intersections of up to 0.134% cobalt (Co), 1.19% copper (Cu) and 33.8 g/t silver (Ag) over 1.23 m. Sampling will extend the geochemical coverage in the discovery area and across the entire project area in order to assist with targeting the important geophysical anomalies with follow-up ground surveys leading to drilling.

Fig 1. New mineral claims (in white outlines) on a map of calculated time constant TAU values for conductance for S Field (dB/dt) with Cu in rocks & soils.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4488/87045_6f86ae2fd4db098b_002full.jpg

A number of high priority targets have been identified with some in close proximity to known Co-Cu-Ag geochemical anomalies identified in historical rocks grab samples, soils and drilling. Figure 2 below provides an example of several such targets in the vicinity of the main Discovery Area (Anomalies 14-3, 15-3 and 16-3) and a buried series of EM anomalies (13-3 and 54-3 to 58-3) along a ridge with significant down-slope Cu-Co-Ag anomalies on the south face of the ridge. These targets will be further investigated using IP or some similar ground geophysical technique in the upcoming program. Figure 2 also shows a number of EM anomalies of interest elsewhere on the property. All of these anomalies will be targeted with at least prospecting, rock, soil and stream sediment sampling during the upcoming exploration program.

Fig 2. EM anomalies (including high priority anomalies as white stars) on a map of conductance for S Field (dB/dt) with Cu in rocks & soils and planned sampling areas.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4488/87045_6f86ae2fd4db098b_003full.jpg

The property is hosted within a similar geological setting to the Idaho Cobalt-Copper belt where conductivity (EM) and magnetic surveying techniques have been used previously to successfully guide drilling of prospective targets and assist in making new metal discoveries.

HIGHLIGHTS FOR THE ROBOCOP PROPERTY

• The Robocop Project is comprised of 9,053 acres (3,663 ha) across five mineral claims that are all road accessible, just off Provincial Highway 93 in southeast B.C.

• Initial surface trenching in the late 1980's to early 1990's yielded up to 0.06% Co and 1.93% Cu over 6 metres (m) in one trench, and in a separate trench up to 0.146% Co, 1.8% Cu and 5.3 grams per tonne (g/t) Ag over 5 m in sediment-hosted sulphide mineralization within middle Proterozoic Purcell Group rocks (Thomson, 1990).

• A total of 15 drill holes in the area between 1990 and 2008 have yielded several intersections of near surface Co-Cu-Ag mineralization with grades of up to 0.134% Co, 1.19% Cu and 33.8 g/t Ag over 1.23 m core length in hole R-1990-5 and 0.14% Co, 0.9% Cu and 2.7 g/t Ag over 3.1 m core length in hole R-1990-6 (Thomson, 1990), along with an intersection of 0.18% Co, 0.28% Cu and 4.1 g/t Ag over 1 m core length in hole R-2008-02 (Pighin, 2009).

• All but one of the historical drillholes tested a single target in an area about 500 m by 350 m. The Property is approximately 10 km in length and 3.5 km in width and contains at least four untested anomalous soil +/- rock geochemical targets.

• Sediment hosted Co-Cu-Ag mineralization is similar in style, age and host rocks to mineralization at Jervois Mining Ltd.'s Idaho Cobalt project and Hecla's Revett Formation hosted mineralization near Troy, Montana.

The Property has yielded significant historical cobalt, copper and silver results and presents an opportunity to discover battery and electrification metals as the world shifts to electric vehicles, sustainable practices and greener alternatives. The macroeconomic outlook for battery metals such as Co and Cu remains strong with the ongoing shift to electric vehicles. It is estimated that the battery sector accounts for approximately 57% of current Co demand; this is expected to grow over the next five years to 72%, and will require an additional 100,000 tonnes/annum of Cobalt to meet demand.^[1]

The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange, with 93.3 million shares issued, focused on developing its over 160,000 acres of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Tel: 780 693 2242

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Chris Beltgens
Corporate Development
Tel: 604 347 9535
Email: cbeltgens@grizzlydiscoveries.com

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

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

^[1] Cobalt's Price Rises Highlight Shift to Battery-Driven Pricing Dynamics, Benchmark Mineral Intelligence, November 19^th, 2021

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87045

Investors looking for stocks in the Mining – Miscellaneous sector might want to consider either Impala Platinum Holdings Ltd. (IMPUY) or Wheaton Precious Metals Corp. (WPM). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Currently, Impala Platinum Holdings Ltd. has a Zacks Rank of #2 (Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that IMPUY likely has seen a stronger improvement to its earnings outlook than WPM has recently. But this is just one piece of the puzzle for value investors.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

IMPUY currently has a forward P/E ratio of 4.57, while WPM has a forward P/E of 31.33. We also note that IMPUY has a PEG ratio of 0.65. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. WPM currently has a PEG ratio of 6.27.

Another notable valuation metric for IMPUY is its P/B ratio of 2.74. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, WPM has a P/B of 3.65.

These are just a few of the metrics contributing to IMPUY's Value grade of A and WPM's Value grade of D.

IMPUY sticks out from WPM in both our Zacks Rank and Style Scores models, so value investors will likely feel that IMPUY is the better option right now.

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To read this article on Zacks.com click here.

Appoints Ty Minnick as Chief Financial Officer

VACAVILLE, CA / ACCESSWIRE / June 9, 2021 / Athena Gold Corporation (OTCQB:AHNR) ("Athena" or the "Company") is pleased to announce that the Company has closed the first tranche of a non-brokered private placement offering (the "Offering") of units of the Company (each, a "Unit") at a price of CDN $0.08 per Unit. Each Unit consists of one common share in the capital stock of the Company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share in the capital stock of the Company at a price of CDN $0.15 until May 31, 2024.

In connection with the closing of the first tranche of the Offering, the Company has issued 6,250,000 Units for gross aggregate proceeds of CDN $500,000 of which $200,00 was purchased by affiliates of Athena. All securities issued in connection with the first tranche of the Offering are subject to applicable Canadian and United States hold periods. The Company has paid finder's fees on a portion of the Offering consisting of 7% cash and 7% broker warrants, each broker warrant entitling the holder thereof to purchase one common share in the capital stock of the Company at a price of CDN $0.15 until May 31, 2023.

Preliminary Prospectus and CSE Listing Application

On June 2, 2021, Athena filed a non-offering preliminary long form prospectus dated May 31, 2021 (the "Preliminary Prospectus") with the British Columbia Securities Commission for the purposes of becoming a reporting issuer in Canada pursuant to the securities legislation of the Province of British Columbia and to become eligible for listing and trading on the Canadian Securities Exchange (the "CSE"). The Preliminary Prospectus has been filed on the Company's SEDAR profile and may be viewed by shareholders and interested parties at www.sedar.com.

The Company has applied for the listing and trading of its common shares on the CSE and listing will be subject to the Company fulfilling all of the listing requirements of the CSE. As of the date hereof, the CSE has not conditionally approved the Company's listing application and there is no assurance that it will do so.

John Power, President and CEO of the Company said, "The closing of the first tranche of our Offering and CSE listing application are important milestones for Athena as we pursue our aggressive exploration plans on our flagship Excelsior Springs project in Nevada."

Appointment of Chief Financial Officer

Athena is also pleased to announce the appointment of Ty Minnick as the Company's Chief Financial Officer in May 2021. Mr. Minnick is the former Chief Financial Officer and Director of Finance and Administration since mid-2011 for Bullfrog Gold Corp. He is a CPA with more than 25 years of experience and will be a strong contributor to Athena as the Company advances its plans.

About Our Flagship Excelsior Springs Project

The Company's Excelsior Springs project is located in the prolific Walker-Lane tectonic zone, an area that has seen a recent resurgence with several important gold discoveries, new mines going into production and hosts a number of large historic gold mines.

Total gold production from the Walker-Lane tectonic zone has exceeded 20 million ounces ("Moz"), including notable deposits by Goldfields (5 Moz), Bullfrog (2 Moz), Tonopah (2 Moz), Mineral Ridge (1.5 Moz) and Comstock (8 Moz Au, 200 Moz Ag). Readers are cautioned that the Company has no interest in or right to acquire any interest in any of the above mentioned properties, other than the Excelsior Springs project, and that the mineral deposits, and the results of any mining thereof, on adjacent or similar properties are not indicative of mineral deposits on the Excelsior Springs project or any potential exploitation thereof.

From the mid-1980s through 2011, a number of exploration companies conducted drilling programs, primarily on the patented claims, that began to define the near-surface Buster Mine gold zone. Gold mineralization at the Excelsior Springs project occurs within an east-west trending zone that is 200 to 400m wide and at least 3 km long.

Gold mineralization discovered at the Excelsior Springs project to date occurs in quartz vein stock-works and silicified zones in hornfels and calc-silicate altered country rock and is generally close to porphyry dykes. The best mineralization (grade and thickness) is found in altered sediments immediately above porphyry dykes that have intruded along existing east- and east-northeast trending faults. The mineralized stock-work vein zones are shallow and have a relatively flat plunge, making them amenable to open pit mining methods.

Most historical exploration at the Excelsior Springs project has focused on a 2.5 km long section in the central part of the Buster zone where mineralization is at or near the surface. Surface mapping and an Induced Polarization (IP) geophysical survey conducted by Zonge International Inc. identified multiple zones of silicification that correlate well with the known mineralization. Many of the silicified zones defined by the IP (resistivity highs) surveys have not been tested by drilling and remain targets for future exploration.

A National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") technical report dated January 29, 2021 and dated effective December 16, 2020, entitled "Technical Report for the Excelsior Springs Property Esmeralda County, Nevada, U.S.A." prepared by Ken Brook, RPG, was filed on SEDAR by the Company in connection with the filing of the Preliminary Prospectus.

Qualified Person

John Hiner, Licensed Geologist and Registered Member of SME (Society for Mining, Metallurgy & Exploration), a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis of this news release and has approved the disclosure herein. Mr. Hiner is not independent of the Company as he is a director of the Company, and holds stock options in the Company.

About Athena Gold Corporation

The Company is engaged in the business of the acquisition and exploration of mineral resources and is currently focused on the exploration and development of precious metals properties in the Western United States.

On Behalf of the Board of Directors

John Power
Chief Executive Officer and President

Contact:

Phone: John Power, 707-291-6198
Email: info@athenagoldcorp.com

Cautionary Statement to U.S. Investors

This press release references NI 43-101, which differs from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Pursuant to SEC Industry Guide 7 under the United States Securities Act of 1933, as amended, a "final" or "bankable" feasibility study is required to report reserves. Currently Athena has not delineated "reserves" on any of its properties. Athena cannot be certain that any deposits at its properties will ever be confirmed or converted into SEC Industry Guide 7 or any successor rule or regulation compliant "reserves". Investors are cautioned not to assume that any part or all of the historic Buster Mine gold zone will ever be confirmed or converted into reserves or that it can be economically or legally extracted.

The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934, as amended. These amendments became effective February 25, 2019, with compliance required for the first fiscal year beginning on or after January 1, 2021, and historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7 will be rescinded from and after such date.

Forward Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities laws. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the completion of the application to list the Company's common shares on the CSE, the Company becoming a reporting issuer in British Columbia, anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, that the Company will obtain a receipt for its final long form prospectus, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including British Columbia Securities Commission and CSE approvals in connection with the filing of the Preliminary Prospectus and the CSE listing application, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and other factors and risks that are discussed in the Company's periodic filings with the SEC and disclosed in the Preliminary Prospectus.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise required by law.

SOURCE: Athena Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/651033/Athena-Gold-Closes-CDN-500000-First-Tranche-of-Private-Placement-and-Applies-for-Listing-on-the-Canadian-Stock-Exchange

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a company is. Importantly, Endeavour Silver Corp. (TSE:EDR) does carry debt. But the more important question is: how much risk is that debt creating?

When Is Debt A Problem?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

Check out our latest analysis for Endeavour Silver

What Is Endeavour Silver's Net Debt?

The image below, which you can click on for greater detail, shows that Endeavour Silver had debt of US$8.70m at the end of March 2021, a reduction from US$11.5m over a year. But on the other hand it also has US$89.7m in cash, leading to a US$81.0m net cash position.

How Healthy Is Endeavour Silver's Balance Sheet?

We can see from the most recent balance sheet that Endeavour Silver had liabilities of US$36.1m falling due within a year, and liabilities of US$11.7m due beyond that. Offsetting this, it had US$89.7m in cash and US$17.0m in receivables that were due within 12 months. So it can boast US$58.9m more liquid assets than total liabilities.

This surplus suggests that Endeavour Silver has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Succinctly put, Endeavour Silver boasts net cash, so it's fair to say it does not have a heavy debt load!

Although Endeavour Silver made a loss at the EBIT level, last year, it was also good to see that it generated US$8.7m in EBIT over the last twelve months. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately the future profitability of the business will decide if Endeavour Silver can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. Endeavour Silver may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. Happily for any shareholders, Endeavour Silver actually produced more free cash flow than EBIT over the last year. That sort of strong cash conversion gets us as excited as the crowd when the beat drops at a Daft Punk concert.

Summing up

While it is always sensible to investigate a company's debt, in this case Endeavour Silver has US$81.0m in net cash and a decent-looking balance sheet. And it impressed us with free cash flow of US$10m, being 116% of its EBIT. So we don't think Endeavour Silver's use of debt is risky. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. Be aware that Endeavour Silver is showing 4 warning signs in our investment analysis , you should know about…

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2021) – Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") announces that shareholders of the Company voted in favour of all items of business to be acted on at its Annual General Meeting ("AGM") held via live webcast on June 8, 2021.

In addition to approving other matters described in the Company's Information Circular dated April 21, 2021, shareholders elected Catherine McLeod-Seltzer, Anthony Hawkshaw, Andrew Swarthout, Kevin Morano, Stephen Lang, Alfredo Bullard and Alan Hair to serve on the Company's Board of Directors (the "Board") for the ensuing year, and confirmed, ratified and approved the Company's stock option plan dated March 19, 2008.

Following the AGM, the Board re-appointed Catherine McLeod-Seltzer as Chair of the Company, Anthony Hawkshaw as President and CEO, Paul Tweddle as Chief Financial Officer, Eric Caba as Chief Operating Officer, and Barbara Henderson as Vice President Corporate Communications and Corporate Secretary, and constituted its standing committees for the ensuing year including the Audit, Compensation, Nominating and Corporate Governance, and Operating, Safety and Sustainability Committees.

On behalf of the Board of Directors,

Anthony Hawkshaw
President and CEO

For further information contact:

Barbara Henderson, VP Corporate Communications
Direct: 604-628-1111 / E-mail: barb@bearcreekmining.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87093

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

VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) — Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announced that it has filed and been receipted for a preliminary short form prospectus (the "Prospectus") in connection with a proposed overnight marketed offering (the "Offering") of common shares of the Company which qualify as “flow-through shares” pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) to raise gross proceeds of up to $6,000,000 and non-flow-through common shares of the Company (the “Non-Flow-Through Shares”) to raise gross proceeds of up to $6,000,000, for combined aggregate gross proceeds of up to $12,000,000. The Flow-Through Shares and the Non-Flow-Through Shares are together, the "Offered Shares".

The Offering will be conducted through a syndicate of agents led by Clarus Securities Inc. (the "Agents"). The number of Offered Shares will be determined in the course of marketing. The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

The Company has granted the Agents an option (the "Over-Allotment Option") to offer for sale up to an additional 15% of the Offered Shares on the same terms, exercisable in whole or in part at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments. The Agents may exercise the Over-Allotment Option in respect of: (i) additional Flow-Through Shares; or (ii) additional Non-Flow-Through Shares; or (iii) any combination of additional Flow-Through Shares and Non-Flow-Through Shares.

The Company expects to: (i) pay the Agents a cash commission (the "Agents' Fee") representing 6% of the gross proceeds raised under the Offering, including any gross proceeds raised upon the exercise of the Over-Allotment Option; and (ii) issue to the Agents non-transferable broker warrants (each, a "Broker Warrant") entitling the Agents to acquire that number of Non-Flow-Through Shares equal to 6% of the total number of Offered Shares sold pursuant to the Offering (including the Over-Allotment Option). Each Broker Warrant will entitle the holder to acquire one Non-Flow-Through Shares at any time for a period of 18 months from the closing date of the Offering at an exercise price equal to the Non-Flow-Through Shares offering price.

The Offering is expected to close on or about June 29, 2021, or such other date as the Company and the Agents may agree. Closing of the Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, such as the approval of applicable securities regulatory authorities and the TSX Venture Exchange.

The Company intends to use the net proceeds of the Offering to fund expenditures at the Company's Ranch Gold exploration project in British Columbia and for general working capital purposes.

The Flow-Through Shares and Non-Flow-Through Shares to be issued under the Offering will be offered by way of a short form prospectus filed in each of British Columbia, Alberta, Ontario, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and applicable state securities laws, and by private placement to eligible purchasers resident in jurisdictions other than Canada and the United States.

Copies of the Prospectus may be obtained under the Company's profile on SEDAR at www.sedar.com and from Clarus Securities Inc., 130 King Street West, Suite 3640, Toronto, ON M5X 1A9. The Prospectus contains important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com before making an investment decision.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Offered Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the Offered Shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Thesis Gold

Thesis Gold is a Vancouver based mineral exploration company focused on proving and developing the resource potential of the 178km2 Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C.

Further details are available on the Company's website at: https://www.thesisgold.com/

On behalf of the Board of Directors
Thesis Gold Inc.

"Ewan Webster"

Ewan Webster Ph.D., P.Geo.
President, CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President
The Howard Group Inc.
Email: dave@howardgroupinc.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

Nick Stajduhar
Director
Thesis Gold
Telephone: 780-701-3216
Email: nicks@thesisgold.com

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

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 such information 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 information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Not for distribution to United States newswire services or for dissemination in the United States

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

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2021) – ALX Resources Corp. ("ALX" or the "Company") (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) is pleased to announce that due to increased demand, its non-brokered private placement announced on June 1, 2021 and on June 8, 2021 of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") will be increased for gross proceeds of up to $1,800,000 (the "Offering"). The Offering will be available to accredited investors and to existing shareholders of the Company resident in Canada.

Up to 4,000,000 FT Units will be now offered at a price of $0.10 per FT Unit consisting of one flow-through common share and one non flow-through common share purchase warrant, and up to 17,500,000 NFT Units will be offered at a price of $0.08 per NFT Unit consisting of one common share and one common share purchase warrant. One common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.15 for a period expiring 24 months following the closing date of the Offering. One common share purchase warrant from the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.12 for a period expiring 24 months following the closing date of the Offering.

Exemption for Existing Shareholders

The Offering is available to existing shareholders of the Company who, as of the close of business on the record date of May 31, 2021, held common shares of the Company (and who continue to hold such common shares as of the closing date), pursuant to the prospectus exemption set out in BC Instrument 45-534 – Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders (the "Existing Shareholder Exemption"). The Existing Shareholder Exemption limits a shareholder to a maximum investment of CAD$15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying upon the Existing Shareholder Exemption exceeding the maximum amount of the Offering, the Company intends to adjust the subscriptions received on a pro-rata basis. Existing shareholders who wish to participate in the Offering should contact the Company at the contact information set forth below.

Finder's fees may be payable in connection with the Offering. All the securities issuable will be subject to a four-month hold period from the date of closing, which is expected to occur on or about June 21, 2021. Proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan gold and uranium properties, and on its Ontario nickel, copper and gold properties. Proceeds from the sale of NFT Units will be used for general working capital.

About ALX

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

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

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

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

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, public health, environmental and technological factors that may affect the Company's operations, markets, products and share price. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Three Months Ended March 31, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87112

Vancouver, British Columbia–(Newsfile Corp. – June 9, 2021) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "Company") is pleased to announce the second round of drill results from Rio Tinto Exploration Canada's (RTEC) Rafuse drill target on Forum's 100% owned Janice Lake copper/silver project in Saskatchewan. RTEC has mobilized crews to open the onsite Burbidge Lake camp and plans to be drilling before the end of June. A detailed plan for follow-up drilling and plans for regional exploration of the 52 kilometre extent of the Janice Lake property will be reported when finalized.

Ken Wheatley, VP, Exploration noted, "Hole 28 intersected 14 metres of high-grade oxide copper that is interpreted as structurally controlled mineralization on the last section drilled to the northeast. This adds another dimension to the potential at Janice. The Rafuse target continues for approximately 800 metres to the northeast and further drilling will be focused on this trend."

Assays from the final five holes of the winter drill program have extended copper mineralization for 670 metres of strike on the Rafuse target:

• JANL0026 – 0.25% copper and 2.05 g/t silver over 12.3 metres from 39.7m to 52m.

• JANL0027 – No significant intercept.

• JANL0028 – 0.89% copper and 8.02 g/t silver over 14 metres from 246m to 260m, including 6m of 1.67% copper and 13.6 g/t silver from 254.1 to 260.1m

• JANL0029 – 0.23% copper and 2.52 g/t silver over 6 metres from 3m to 9m.

• JANL0030 – 0.27% copper and 3.08 g/t silver over 39 meters from 172m to 211m.

Drill hole JANL0026 was a down-dip follow-up to historic drill hole RA4-69 that intersected 0.68% copper over 17.1 metres at the top of the hole and was stopped at 61.6 metres in mineralization (see Rio Tinto commences drilling at Forum's Janice Lake Copper/Silver Project, Saskatchewan news release dated February 16, 2021). JANL0026 confirmed the down-dip extension of the mineralization to the northwest.

Holes JANL0028 and 29 are located on a cross-section another 200m northeast of JANL0026 and 27 (Figure 2). These holes are 100m apart and continue to show mineralization having a shallow dip to the northwest. JANL0028 intersected 14 metres of oxide mineralization consisting of chrysocolla and malachite within an interpreted fault zone. It appears that hole JANL0029 intersected only the surface expression of the mineralization and it should continue to dip to the northwest.

Hole JANL0030 is located 270 metres southwest of the JANL0022 to JANL0026 cross section previously reported in a news release (Rio Tinto intersects 1.78% copper and 9.25 g/t silver over 3.1 metres within 48 metre copper zone at Forum's Janice Lake Copper/Silver Project, Saskatchewan dated May 25, 2021). The mineralized interval shows mineral zoning beginning in chalcocite and gradationally transitions downhole into zones with more dominant bornite and then chalcopyrite over 39 metres.

The Rafuse target is one of four targets drilled to date by RTEC, a 2.8 kilometre long priority target of surface copper mineralization. Figure 3 is a table of the results from all nine holes drilled to date on the Rafuse target. Final drilling plans for this summer are being developed by Rio Tinto and will be reported when available.

Figure 1: Plan Map of the Rafuse Target. Background is from the airborne magnetic survey, with red colours indicating magnetic highs.

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Figure 2: Cross Section JANL-28 and 29 with interpreted geology.

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Figure 3: Assay Results from the 2021 Drill Program.

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Quality Control/ Quality Assurance

Core samples were sawed in half, keeping the half with the reference line for orientated core in the box. Samples averaged 2 metres in length through the mineralized zone, 4 metres in length in the unmineralized zone, however these lengths varied depending on stratigraphy, alteration or mineralization. Standards were introduced after every 20^th sample, using a high grade, low grade or unmineralized, depending on the surrounding core. Duplicates were also introduced on every 20^th sample, quartering the core. Blanks were used for the first sample of the hole and at the beginning and end of a mineralized interval, using certified rose quartz. A 4-acid digestion was used on the samples at ALS lab in Vancouver, followed by analysis by ICP-MS (the ME-MS61L package).

Ken Wheatley, P.Geo., Forum's VP, Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.

Conference Call Information

Rick Mazur, President & CEO and Ken Wheatley, VP, Exploration will discuss the significance of these drill results on the Rafuse target and Rio Tinto's plans for exploration and drilling this summer.

A question and answer period will follow.

Topic: Forum Energy Metals (TSXV: FMC) (OTCQB: FDCFF) Janice Lake exploration results update
Time: Jun 9, 2021 01:00 PM Vancouver

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About Forum Energy Metals

Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners Rio Tinto and Orano for copper/silver, uranium and nickel/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com

ON BEHALF OF THE BOARD OF DIRECTORS

Richard J. Mazur, P.Geo.
President & CEO

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

For further information contact:

NORTH AMERICA

Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 778-772-3100

UNITED KINGDOM

Burns Singh Tennent-Bhohi, Director
burnsstb@forumenergymetals.com
Tel: 074-0316-3185

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86988

NYSE American: UEC

CORPUS CHRISTI, Texas, June 9, 2021 /CNW/ – Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to report, in accordance with NYSE American requirements, the filing of the Company's quarterly report on Form 10-Q for the nine months ended April 30, 2021 with the U.S. Securities and Exchange Commission (the "SEC"). This Form 10-Q filing, which includes the Company's condensed consolidated financial statements, related notes thereto and management's discussion and analysis, is available for viewing on the SEC's website at http://www.sec.gov/edgar.shtml or on the Company's website at www.uraniumenergy.com.

As at April 30, 2021, the Company held $123.4 million in cash, equity and physical holdings comprised of $47.9 million cash, uranium inventory holdings of $26.2 million and 14 million shares of Uranium Royalty Corp. with a market value of $49.3 million.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company. In South Texas, the Company's hub-and-spoke operations are anchored by the fully-licensed Hobson Processing Facility which is central to the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the Company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and a large, high-grade ferro-titanium project in Paraguay. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

Stock Exchange Information:
NYSE American: UEC
Frankfurt Stock Exchange Symbol: U6Z
WKN: AØJDRR
ISN: US916896103

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such 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 such forward-looking statements. Such risks and other factors include, among others, market and other conditions, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. 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. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the Securities and Exchange Commission. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

View original content:http://www.prnewswire.com/news-releases/uranium-energy-corp-files-fiscal-2021-q3-quarterly-report-301308621.html

SOURCE Uranium Energy Corp

View original content: http://www.newswire.ca/en/releases/archive/June2021/09/c8701.html