Just because a business does not make any money, does not mean that the stock will go down. By way of example, Mkango Resources (CVE:MKA) has seen its share price rise 620% over the last year, delighting many shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given its strong share price performance, we think it's worthwhile for Mkango Resources shareholders to consider whether its cash burn is concerning. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

View our latest analysis for Mkango Resources

When Might Mkango 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. As at March 2021, Mkango Resources had cash of US$3.7m and no debt. Importantly, its cash burn was US$4.3m over the trailing twelve months. So it had a cash runway of approximately 10 months from March 2021. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. Depicted below, you can see how its cash holdings have changed over time.

How Is Mkango Resources' Cash Burn Changing Over Time?

Because Mkango Resources isn't currently generating revenue, we consider it an early-stage business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. With the cash burn rate up 2.3% in the last year, it seems that the company is ratcheting up investment in the business over time. That's not necessarily a bad thing, but investors should be mindful of the fact that will shorten the cash runway. Admittedly, we're a bit cautious of Mkango 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 Easily Can Mkango Resources Raise Cash?

Since its cash burn is increasing (albeit only slightly), Mkango Resources shareholders should still be mindful of the possibility it will require more cash in the future. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Mkango Resources' cash burn of US$4.3m is about 7.4% of its US$57m market capitalisation. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

How Risky Is Mkango Resources' Cash Burn Situation?

Even though its cash runway makes us a little nervous, we are compelled to mention that we thought Mkango Resources' cash burn relative to its market cap was relatively promising. Even though we don't think it has a problem with its cash burn, the analysis we've done in this article does suggest that shareholders should give some careful thought to the potential cost of raising more money in the future. On another note, Mkango 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.

TORONTO, June 02, 2021 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger Silver” or the “Company”) is pleased to announce the appointment of Mr. Brian Briggs, P.Eng., to its Board of Directors.

Chad Williams, Executive Chairman of Honey Badger Silver commented, “Brian is a very well-respected and admired US-based mining executive. His wide-ranging achievements in the mining industry and leadership role in environmental sustainability will add valuable insights into our growth opportunities – especially in the US – as we continue to build Honey Badger Silver into a top-tier silver company.”

Mr. Briggs is a professional mining engineer with a highly accomplished career spanning 30 years in project development, from late-stage exploration and pre-feasibility to design, construction and production for both underground and surface operations. A sixth-generation mining engineer, he has held a number of senior management roles for domestic and international companies, most recently as Chief Operating Officer for Aurcana Corp., along with Chief Executive Officer of its wholly-owned subsidiary based in Colorado with a focus on restarting an operational, fully permitted precious metals mine.

With a commitment to social license management, Mr. Briggs has spearheaded several historic environmental impact assessments and brown-fields rehabilitation programs. This has resulted in the achievement of such recognitions as the 2019 Colorado Mining Association Environmental Sustainability Award and numerous other awards involving excellence in safety, reclamation and surface mining.

Mr. Briggs holds a Bachelor of Science in mining engineering and a Masters in agricultural engineering from the University of Wyoming.

Update on Timing of Yukon Silver Asset Acquisitions

The Company is also pleased to announce that substantial progress has been made regarding the Definitive Agreement with Strategic Metals Ltd. pursuant to which Honey Badger Silver will acquire 100% of Strategic’s right, title and interest in three advanced silver properties in southeast and south-central Yukon known as the Plata, Groundhog and Hy properties, such that closing is now expected on or before June 15, 2021. The delay from the previously announced closing was attributed to the Covid-19 pandemic in the collection and execution of all the requisite legal documentation.

Issuance of Options

The Company announces that the Board of Directors has approved the grant of stock options to Mr. Briggs for the purchase of up to 750,000 common shares in the capital of the Company at an exercise price of $0.13 per share. The grant is pursuant and subject to the terms and conditions of the Company’s existing stock option plan for a period of five years from the date of grant and is subject to the approval of the TSX Venture Exchange and all regulatory approvals. Chad Williams will continue to serve as Executive Chairman of the Corporation.

Clarification regarding CEO Role

The Company also wishes to clarify that Chad Williams expects to continue to also serve as Interim Chief Executive Officer of the Company for a transitional period as is required to retain a suitable candidate for the position, which process is expected to be completed by September 30, 2021.

For more information, please visit our website above, or contact: Ms. Christina Slater at cslater@honeybadgersilver.com.

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.

On behalf of the Board of Directors,

Honey Badger Silver Inc.
“Chad Williams”
Executive Chairman

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release and any other information herein that is not a historical fact may be "forward-looking information".

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, but are not limited to, volatility in the trading price of common shares of the Company; risks relating to the ability of the Company to obtain required approvals, complete definitive documentation; ability of the Company to complete further exploration activities; the results of exploration activities; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver's issuer profile.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Shares Outstanding: 277,483,967
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, June 2, 2021 /PRNewswire/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 6 new drill holes from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-041 intersected 56.1m of 105 g/t silver equivalent ("AgEq"), including 1.3m of 1,243 g/t AgEq. The merging of 4 veins in the western portion of El Favor continue to provide significant widths of good grade which could be potentially amenable to bulk mining. Currently at El Favor drilling is underway on an eastern extension of the structure where good mineralization has been encountered and assay results are expected in the coming weeks. See Table 1 for breakdown of silver and gold values.

"Over the last several months, our exploration drilling on El Orito and El Favor led us to believe that these structures may connect to form a mineralized zone in excess of 3 kilometres. This is a very exciting development which could add greatly to the potential mineral resources in Los Ricos North," said Brad Langille, President and CEO. "The combination of geophysics and drill testing on this El Orito – El Favor trend are powerful tools in the development of Los Ricos North."

Table 1: Drill Hole Intersections

Three of the four major veins (Salomon, Guitarrillas and Los Chivos) appear to converge into a 100m wide zone at the western end of the El Favor deposit in the vicinity of the Hundido Pit at an elevation of 1300m. The wallrock in between the veins is strongly silicified, altered and mineralized. This mineralization can be observed in outcrop at the Hundido Pit, underground in the Salomon Cross Cut and in the road cuts along the north side of the El Favor hill and in the drill holes. More holes are required in this area to determine the strike length and potential depth of these wide combined zones.

The Eastern end of the El Orito deposit (as presently defined) is located about 800 metres along strike to the west of the Hundido Pit (see Figure 2). Wide zones of precious and base metal mineralization were cut by drill holes at El Orito at elevations between 600 to 800m. Geological mapping, prospecting and sampling programs in the area between El Orito and the Hundido Pit have been accelerated and given priority.

Table 2: Drill Hole Locations

VRIFY Slide Deck and 3D Presentation

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

Access the GoGold Company Profile on VRIFY at: https://vrify.com

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/explore/decks/9404 and on the Company's website at: www.gogoldresources.com.

Los Ricos District Exploration Projects
The Company's two exploration projects at its Los Ricos property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019 and an initial resource was announced on July 29, 2020 which indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes. An initial PEA on the project was announced on January 20, 2021 indicating an NPV_5% of US$295M.

The Los Ricos North Project was launched in March 2020 and includes drilling at the El Favor, La Trini, Casados and El Orito targets. During 2020, GoGold's exploration team identified over 100 targets on the Los Ricos North properties, demonstrating the significant exploration potential. The Company plans to drill 10 of these targets as part of its 2021 drilling program which is planned to exceed 100,000 metres of drilling and will be one of the largest in Mexico.

Procedure, Quality Assurance / Quality Control and Data Verification
The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold's QA/QC protocols.

Mr. David Duncan, P. Geo. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

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

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Los Ricos South and North projects, and future plans and objectives of GoGold, including the intention to undertake further exploration at Los Ricos North, and the prospect of further discoveries there, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/gogold-drills-1-243-gt-ageq-over-1-3m-within-56-1m-of-105-gt-ageq-at-el-favor-in-los-ricos-north-301303512.html

SOURCE GoGold Resources Inc.

TORONTO, June 02, 2021 (GLOBE NEWSWIRE) — Adex Mining Inc. ("Adex" or the "Company") (TSX‐V: ADE) announces today that the board of directors of the Company has appointed Volodymyr Ivanov as Interim Chief Financial Officer.

Mr. Ivanov has over 9 years of corporate accounting and public accounting firm experience in various positions. He is a member of the Certified Public Accountants of Canada and the Association of Chartered Certified Accountants of the United Kingdom. He assumes the role from Olga Balanovskaya, who had served as Chief Financial Officer of the Company since October 2017.

The Chief Financial Officer change is effective as of June 1, 2021.

The Company wishes to thank Ms. Balanovskaya for her service.

ABOUT ADEX

Adex Mining Inc. is a Canadian junior mining company with an experienced management team. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multimetal project that is host to promising tungsten‐molybdenum and tin‐indium‐zinc mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine Property is 80 kilometres south of Fredericton, the provincial capital, and 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol "ADE".

FOR FURTHER INFORMATION, PLEASE CONTACT:

Linda Lam Kwan
Chief Executive Officer
Adex Mining Inc.
(647) 243-8452
Email: investorrelations@adexmining.com
Website: www.adexmining.com

No securities commission or regulatory authority has approved or disapproved the contents of this press 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.

FORWARD‐LOOKING STATEMENTS

Certain statements in this press release may constitute "forward‐looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Adex, its subsidiary or the industry in which they operate to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward‐looking statements. Such statements reflect the current expectations of the management of Adex with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward‐looking statements. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in reports filed by Adex with the Alberta, British Columbia, Ontario, New Brunswick and Nova Scotia Securities Commissions which are available at www.sedar.com and to which readers of this press release are referred for additional information concerning Adex, its prospects and the risks and uncertainties relating to Adex and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Adex to be materially different from those contained in forward‐looking statements. Although the forward‐looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Adex cannot assure investors that actual results will be consistent with these forward‐looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward‐looking statements as a prediction of actual results. The forward‐looking information contained in this press release is current only as of the date of the press release. Adex does not undertake or assume any obligation to release publicly any revisions to these forward‐looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Bomboré will be Burkina Faso’s First Mine to use LNG as the Main Power Source

Figure 1

Off-Channel Reservoir Mining

Figure 2

Construction Water Storage Facility

Figure 3, Part I

Ball Mill – fabrication in progress

Figure 3, Part II

Ball Mill – fabrication in progress

Figure 4

Main Haul Road and Nobsin River Bridge

Figure 5

Process Plant Area Clearing and Grubbing

Figure 6

Camp accommodation blocks

VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is very pleased to announce that it has signed a Power Purchase Agreement (“PPA”) with Genser Energy Burkina S.A. (“Genser”) for the supply of clean energy electrical power for its Bomboré Gold Project, located in Burkina Faso.

PPA Highlights

• Genser will use liquefied natural gas (“LNG”) as its main fuel, augmented with a staged solar plant. The Bomboré project will be the first mine in Burkina Faso to use LNG to power its operations.

• Fixed rate energy tariff will apply over the life-of-mine (“LOM”) oxide operation with a fixed rate tariff to be negotiated for the additional energy demand upon commissioning of the sulphide processing circuit expected in Year 3 of commercial production.

• The Power Plant will consist of 6 (six) 2.5MW LNG generators with 4 (four) 2.6MW diesel back-up units. This configuration is sized for the initial oxide operation and the planned sulphide expansion.

• A Solar Photovoltaic Plant up to 14MWp to be installed in stages with an 11kV powerline to connect the gas and backup diesel generators, and solar plant.

• Genser will design, permit, finance, and install all power generating equipment and associated infrastructure including LNG storage and diesel storage terminals.

• Genser will be the operator and owner of the power plant facility.

Mr. Patrick Downey, President & CEO stated, “We are extremely excited to be the first mine in Burkina Faso to use a LNG and solar hybrid power supply. Besides being an excellent cost-effective choice for Bomboré, we also see this new power solution as being a very positive step for the Burkina Faso mining and electricity generating sectors. LNG power systems, coupled with solar, will enable energy intensive industries such as mining to reduce fuel consumption, decrease energy costs, and significantly cut greenhouse gas emissions. We are very pleased to partner with Genser, an internationally recognized power provider, in this landmark arrangement. We would also like to thank the Government of Burkina Faso and the Minister of Mines and Energy for their guidance and assistance in this process.

This LOM fixed cost agreement for clean energy from Genser provides power cost certainty over LOM oxide production at Bomboré and provides an excellent platform for project expansion and growth.”

The Honourable Dr. Bachir Ismael Ouedraogo, The Minister of Mines and Energy for Burkina Faso stated, “Having the first LNG plant at a mining operation is a great step forward for the industry and we congratulate Orezone in this regard. As a government, we continue to support clean energy alternatives that provides a platform for sustainable growth and benefits our communities.”

Development Update

Significant progress has been made during Q1 and Q2 of 2021. Engineering is now approximately 30% complete and on schedule. Design and bulk quantities from this work are trending favorably against the quantity estimates used in the 2019 feasibility study.

Procurement is well-advanced with firm orders placed for most mechanical and electrical equipment with purchase costs generally below budget estimates.

Bulk materials including concrete reinforcing bar and embeds, CIL tank platework, structural steel and platework, HDPE liner, and overland piping have also been ordered with costs also trending within budget.

Off-channel reservoir mining, earthworks for the plant site area and tailings storage facility are rapidly advancing, and the award of the contracts for concrete installation and CIL tank erection and overland piping are imminent. The project remains on track for first gold pour in Q3-2022.

Development Update Pictures:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d9fcd549-161f-4664-b68f-d4c56023a041

https://www.globenewswire.com/NewsRoom/AttachmentNg/de6cbcb5-472d-44f7-8747-266e5d1fdd22

https://www.globenewswire.com/NewsRoom/AttachmentNg/4827d010-e2f2-446a-ab73-97968f6cb5c6

https://www.globenewswire.com/NewsRoom/AttachmentNg/388cd886-acf7-4b1e-8ffa-3acbea063e87

https://www.globenewswire.com/NewsRoom/AttachmentNg/fb97819c-5b1f-41fd-ace8-6610deca6d74

https://www.globenewswire.com/NewsRoom/AttachmentNg/fdeca7c1-0c23-4a93-81c4-0640492846ee

https://www.globenewswire.com/NewsRoom/AttachmentNg/aa8475ea-62d2-4aaf-84a0-afff672e0fd8

About Genser

Genser Energy Holdings Ltd. is an energy solutions provider based in the USA with operations in Ghana and early-stage projects in Burkina Faso. Genser build, own, and operate distributed generation installations and natural gas distribution infrastructure, selling power and natural gas to mines, industries, and utilities. Genser Energy Burkina S.A. is a wholly owned subsidiary of Genser Energy Holdings Ltd.

About Orezone Gold Corporation

Orezone Gold Corporation (TSX.V: ORE OTCQX: ORZCF) is a Canadian development company which owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.

The 2019 feasibility study highlights Bomboré as an attractive shovel-ready gold project with forecasted annual gold production of 118,000 ounces over a 13+ year mine life at an All-In Sustaining Cost of US$730/ounce with an after-tax payback period of 2.5 years at an assumed gold price of US$1,300/ounce. Bomboré is underpinned by a mineral resource base in excess of 5 million gold ounces and possesses significant expansion potential. Orezone is fully funded to bring Bomboré into production with the first gold pour scheduled for Q3-2022.

Patrick Downey
President and Chief Executive Officer

Vanessa Pickering
Manager, Investor Relations

Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
info@orezone.com / www.orezone.com

Qualified Person

Ian Chang, P. Eng., VP Projects, is the Qualified Person who has approved the technical information in this news release.

For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.

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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this press release include, but are not limited to, statements with respect to mineral resources, life of mine LNG and solar power for Bomboré, the Bomboré Project being the first mine in Burkina Faso to use LNG, the Bomboré project being fully funded to production and projected first gold by Q3-2022.

All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.

All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by the COVID-19 pandemic, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management discussion and analysis filed on SEDAR on www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements.

Although the forward-looking statements contained in this press 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 press 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 press release.

Symbol: AZM.TSX Venture

LONGUEUIL, QC, June 2, 2021 /CNW Telbec/ – Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to provide updated information on the progress of its current 15,000-metre diamond drilling program on the Company's 100% owned Elmer Property (the "Property") in the James Bay region of Quebec.

This phase of work, to be completed by the end of June, is designed to expand the Patwon gold discovery with 10,000 metres of drilling (30 holes) and test 10 high-quality targets in the vicinity of the discovery with 5,000 metres (30 holes).

HIGHLIGHTS (Figures 1 to 4, Tables 1 and 2)

• At Patwon, 14 holes with pending assay results display wide mineralized intervals in drill core (pyrite with quartz veining and strong alteration) that are visually comparable to previously disclosed gold-bearing intervals (see press releases of November 30, 2020, and May 19, 2021).

• Of particular interest, native gold grains have been observed in eight (8) of the 14 holes (ELM21-073, -86, -092, -093, -094, -097, -100, and -102, shown in Figure 4).

• Figure 4 is an updated grade x thickness longitudinal section built on estimated true widths. It shows that the Patwon gold zone is robust and remains open at depth and likely laterally.

• Azimut is already planning a more extensive drilling program for later this year based on the strong initial results of the current phase (press release of May 19, 2021).

Update on the program

The Company's current drilling program at Elmer has resulted in 12,099.2 metres drilled to date (45 holes completed, two in progress):

• Patwon Zone: 9,668.6 metres drilled; 29 holes completed, with assays pending for 19 of them. These delineation holes were drilled on systematic 50-metre or 100-metre centres. No infill drilling is being conducted at this stage.

• Exploration targets: 2,430.6 metres drilled; 16 holes completed with assays pending.

• 6,813 drill core samples already sent to AGAT Laboratories.

• More assay results should be received in the coming weeks.

The Patwon Zone is currently defined over a strike length of 500 metres, a minimum depth of 400 metres and a true width averaging about 36 metres, based on the results of 40 previously disclosed drill holes. True widths can reach up to 80 metres.

Azimut considers the exploration potential in the vicinity of Patwon to be excellent. Exploration targets were selected based on a combination of the following parameters: prospecting data, induced polarization anomalies, gold clusters in glacial sediments, and interpreted shear zones.

Additional Data

The following data and documents are available on Azimut's website:

• Elmer Drilling Data (locations and composites)

• Virtual Core Shack – PDAC, March 2021

• Corporate presentation: Expanding the Elmer Discovery and 2021 Exploration Outlook

The Elmer Property comprises 515 claims covering 271.3 km² over a 35-kilometre strike length. The Property is 285 kilometres north of the town of Matagami, 60 kilometres east of the village of Eastmain, and 5 kilometres west of the paved James Bay Road, a major all-season highway. The region benefits from quality infrastructure, including significant road access, a hydroelectric power grid and airports.

Dr. Jean-Marc Lulin, P.Geo., prepared this press release as Azimut's Qualified Person under National Instrument 43-101. The program is managed by François Bissonnette, P.Geo., Operations Manager and Simon Houle, P.Geo., Chief Geologist. Both have reviewed the content of this press release.

About Azimut

Azimut is a mineral exploration company whose core business centres on target generation and partnership development. The Company is actively advancing the Patwon gold discovery on its 100%-owned flagship Elmer Property in the James Bay region.

The Company uses a pioneering approach to big data analytics (the proprietary AZtechMine^TM expert system), enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 69.2 million shares outstanding. Azimut's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.

www.azimut-exploration.com

Cautionary note regarding forward-looking statements

This press release contains forward-looking statements, which reflect the Company's current expectations regarding future events related to the drilling results at the Elmer Property. To the extent that any statements in this press release contain information that is not historical, the statements are essentially forward-looking and are often identified by words such as "consider", "anticipate", "expect", "estimate", "intend", "project", "plan", "potential", "suggest" and "believe". The forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Many factors could cause such differences, particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency exchange rates and interest rates, imprecision in reserve estimates, recoveries of gold and other metals, environmental risks including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, community and non-governmental organization actions, changes in government regulations and policies, including laws and policies, global outbreaks of infectious diseases, including COVID-19, and failure to obtain necessary permits and approvals from government authorities, as well as other development and operating risks. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this document. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required to do so by applicable securities laws. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Report filed on SEDAR for a fuller understanding of the risks and uncertainties that affect the Company's business.

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

SOURCE Azimut Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2021/02/c6088.html

Vancouver, British Columbia–(Newsfile Corp. – June 2, 2021) – InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") is pleased to announce the closing of the option agreement (the "Option Agreement") with American West Metals Limited ("American West"), a private Australian company, on June 1, 2021 (the "Effective Date"). The Option Agreement was approved by the Company's shareholders at the annual meeting of shareholders held on May 27, 2021 and subsequently approved by the TSX Venture Exchange. American West, having made an initial cash payment of US$500,000 to InZinc, now has an option to earn a 100% interest in InZinc's West Desert project ("West Desert") located in Utah, USA.

"By leveraging, through prospective shareholdings in a new and aggressive ASX listed North American copper-zinc metal explorer and receiving a significant stream of cash payments, InZinc will benefit from the ability to self-fund the next exploration activities at our Indy project in British Columbia and generate new growth opportunities for InZinc shareholders," commented Wayne Hubert, CEO of InZinc. "We are looking forward to renewed activities at Indy as well as the Initial Public Offering of American West on the ASX, a successful prefeasibility campaign at West Desert, and programs at American West's Storm Copper and Copper Warrior Projects over the next 24 months."

Highlights of the Option Agreement include:

1. An initial cash payment of US$500,000 to InZinc (received)

2. Payments to InZinc over 24 months comprising:

1. CDN$1,000,000 within 30 days of American West listing its shares on the Australian Securities Exchange ("ASX") through an initial public offering or other going public transaction ("IPO") or 12 months after the Effective Date, whichever is earlier;

2. US$1,500,000 upon announcement by American West of a completed Prefeasibility Study for West Desert or 24 months after the Effective Date, whichever is earlier; and

3. CDN$2,500,000 by way of shares of American West. If American West has not completed the IPO on the ASX within 12 months of the Effective Date, InZinc may elect to receive CDN$1,250,000 in cash from American West in lieu of shares. If American West has not completed the IPO on the ASX within 24 months of the Effective Date, InZinc may elect to receive CDN$2,500,000 in cash in lieu of shares.

1. Exercise of Option, Operator, Indium Revenue Share and Termination

Upon exercise of the Option, InZinc will receive 50% of the revenue from the sale of indium mined from West Desert determined on a Net Smelter Return basis ("NSR"). American West will have the right to reduce the NSR to 25% by paying InZinc US$5,000,000 in cash at any time prior to the first sale of indium from the project.

During the Option period, American West will be the operator of West Desert. If payments referred to above are not paid when due and American West does not rectify the failure within 45 days, InZinc would have the right to terminate the Option Agreement and American West shall surrender West Desert promptly to InZinc.

About American West

American West is a new Australian company with a strategy to achieve growth in shareholder wealth through the discovery and development of major mineral deposits. The Company is aiming to list its securities on the Australian Securities Exchange (ASX) in H2 2021. American West has acquired an interest in three base metals projects in North America which it believes have potential to generate significant economic resource inventories and robust mining proposals:

1. The West Desert Project in Utah, USA;

2. The Storm Copper and Seal Zinc Projects in Nunavut, Canada; and

3. The Copper Warrior Project in Utah, USA.

For further information on American West, see www.americanwestmetals.com

About InZinc

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

InZinc Mining Ltd.

"Wayne Hubert"

CEO and Director
Phone: 604.687.7211
Website: www.inzincmining.com

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

Cautionary Note Regarding Forward-Looking Statements

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86121

VANCOUVER, Canada, June 02, 2021 (GLOBE NEWSWIRE) — (June 2, 2021) Oroco Resource Corp. (TSX-V: OCO; OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce receipt of the final data for its recently completed 3D IP geophysical survey at its Santo Tomas Project in north-western Mexico. The survey results clearly correlate chargeability and resistivity features with known mineralization and alteration zones related to the mineralising events, and with geological mapping in the area of historical drilling and resource delineation. Most importantly, the final survey data displays a very extensive distribution of the chargeability/resistivity features beyond the confines of the historical work at Santo Tomas.

The final dataset indicates a substantial continuation of Santo Tomas chargeability along strike and to depth, inferring that the mineralized system is much more extensive than was defined historically. In addition to the strike continuity, chargeability features at South Zone and Brasiles protrude east of their anticipated distribution, and a distinct feature of intermediate chargeability is developed westward below a mapped limestone bluff at Brasiles.

3D DCIP: The final survey report for the deep, three-dimensional, Induced Polarization ("DCIP") geophysical survey by Dias Geophysical of Saskatoon, Saskatchewan ("Dias"), was received on May 28, 2021. The survey was completed using a rolling, distributed partial 3D DCIP array and a distributed 2D array (at the South Zone extension), both with a pole-dipole configuration. The full survey covered an area of approximately 14 km².

Commenting on the completed DCIP report, the Company’s CEO, Craig Dalziel, stated “Oroco is now highly confident that the close correlation between the DCIP results and our knowledge of the distribution of historically drilled mineralization provides the Company with a compelling basis for use of the DCIP results to guide the targeting of future drilling at the Santo Tomas South, North and Brasiles Zones. The coherence of the DCIP, and the knowledge being gained by in-progress selective geological surface mapping, will ensure that drilling is most efficiently deployed. The Company will maximise its significant investment in the DCIP survey with near-term integration of additional geophysics, comprising airborne magnetics, radiometrics and very low frequency electro-magnetics, along with a structural evaluation to be derived from the results of a LiDAR survey for which final results have just been received. The region of the Brasiles Zone which comprises new data not previously disclosed is not only exceptional for its indication of NNE strike continuity of chargeability in the Santo Tomas system, but also for its indication of very high interest drill targets in the western areas of Brasiles.”

The geophysical field program was carried out in two phases, a first phase spanning from September 1, 2020 until December 5, 2020, and a second phase carried out between February 10, 2021 and March 16, 2021. The Company previously reported the collection of field data on the South and North Zones at Santo Tomas (Nov. 5, 2020; Jan. 27, 2021), and relocation of the survey team to the Brasiles Zone (March 3, 2021).

The northward extension of the survey highlights the continuation of a NNE striking, west-dipping, chargeability-high response which the survey had already demonstrated extends from the North Zone to the prominent gossan of the Brasiles Zone (refer to the full survey coverage in Figure 1). The Company also took advantage of the current low water levels in the Huites Reservoir to collect data from previously inaccessible locations, and continued the 3D IP survey for another 800 meters to the north of the survey results reported on March 3. A grid extension at the NE corner of the grid was surveyed to follow the continuing chargeability feature northeastward: the feature was not closed off despite the extension of the survey limits.

Based on the additional evidence of the now completed DCIP survey, the core of the mineralized intrusive complex exposures and inferred trend spans a collective distance of at least 5 km by a width of 1-3 km from the South Zone, the North Zone and Brasiles. It remains open on its western fringe, its NE extremity, and to depth.

Notable features at Brasiles include:

• The zone demonstrates a northeastward extension from the North Zone as well as a distinct, west-dipping high chargeability anomaly which displays similar character to the North Zone. However, in Brasiles it is co-incident with a low-resistivity response. The Resistivity response is best developed at depth, possibly indicating a change in alteration intensity. Surface expressions of the Brasiles Zone include observed hornfelsed andesite, clay-sericite altered andesite and some quartz monzonite dikes.

• A chargeability response, west of the central North one – Brasiles axis, indicates a potential for: (a) a mineralized zone hosted in a vertical zone locally penetrating the entire 200 m thickness of the meta-limestone; and (b) a broad moderate chargeability high, possibly indicative of an intrusive-hosted target at depth.

The Company intends to post a presentation summarising the important results and observations derived from the integrated DCIP data on its website within two weeks and will highlight the very compelling targeting and upside potential that the DCIP data presents. The Company will also attempt to clearly illustrate the opportunity to target very significant additional tonnage among certain lateral chargeability extensions (South and Brasiles Zones) and where the strong North Zone anomaly extends to depth below the 700 m depth limit of investigation of the DCIP survey.

As an introduction to that presentation, the attached summary images are provided. Figure 2 shows chargeability results at the surface draped on the Santo Tomas orthophoto model to illustrate the surface responses of outcropping mineralized zones. Note the South, North and Brasiles Zone surface responses, corresponding to known mineralization and gossans. Areas of low chargeability (blue) on the ridge tops are meta-limestone and SMO volcanic rocks (refer to www.orocoresourcecorp.com/projects/technical-reports/ ).

The largescale features defined in the survey are illustrated in Figure 3, where a stepped plan view employs a 600 m elevation slice of the chargeability model to illustrate the responses that connect below the meta-limestone cap of the South Zone. The North Zone is better presented at the 100 m elevation slice, demonstrating the strong connection between the North and Brasiles Zones and the increase in the width of the response to depth.

The cumulative results of the Dias Geophysical 3D DCIP survey represent the beginning of a new generation of advanced exploration of the Santo Tomas deposit. The final 3D models of Resistivity and Chargeability have a mesh size of 25 m by 25 m by 25 m. This mesh size is appropriate, and at this resolution the data closely match historical drilling data, where available. Confident targeting of the next generation of exploration and mineral resource definition drilling is now entirely feasible.

Notwithstanding the exceptional results of the May 28 final report by Dias Geophysical, the Company plans to integrate the DCIP data with data from the pending delivery of Terraquest's helicopter magnetics survey, gamma-ray spectrometer and VLF EM survey. Results from ongoing geological structural mapping will be integrated in the near future.

LiDAR Survey: The Company has received the results of an airborne LiDAR survey flown by Eagle Mapping Services Ltd. of Langley, B.C. The survey covered some 450 km² and was timed to coincide with the low level of the Huites reservoir which has exposed most of the area normally submerged beneath the water retained by the Huites dam. The survey was flown to recover data with sub-30 cm vertical and horizontal precision, and forms the basis for updated digital elevation models and derived map products (contour lines). The survey has also provided updated orthorectified aerial photography of the project site. The photography is instructive as the current drought has maximised surface feature visibility.

QUALIFIED PERSON

Mr. Paul McGuigan, P. Geo., of Cambria Geosciences Inc., a Qualified Person under NI 43-101 and a senior consulting geoscientist to the Company, has reviewed and approved the technical disclosures in this news release.

ABOUT OROCO:

The Company holds a net 73.2% interest in the collective 1,172.9 ha core concessions of the Santo Tomas Project in NW Mexico and may increase that majority interest up to an 85.5% interest with a project investment of up to CAD$30 million. The Company also holds a 77.5% interest in 7,807.9 ha of mineral concessions surrounding and adjacent to the core concessions (for a total project area of 22,192 acres). The Project is situated within the Santo Tomas District, which extends from Santo Tomas up to the Jinchuan Group’s Bahuerachi project, approximately 14 km to the north-east. Santo Tomas hosts a significant copper porphyry deposit defined by prior exploration spanning the period from 1968 to 1994. During that time, the property was tested by over 100 diamond and reverse circulation drill holes, totaling approximately 30,000 meters. Based on data generated by these drill programs, a historical Prefeasibility Study was completed by Bateman Engineering Inc. in 1994.

The Santo Tomas Project is located within 160km of the Pacific deep-water port at Topolobampo and is serviced via highway and proximal rail (and parallel corridors of trunk grid power lines and natural gas) through the city of Los Mochis to the northern city of Choix. The property is reached by a 32 km access road originally built to service Goldcorp’s El Sauzal Mine in Chihuahua State.

ABOUT THE DIAS SURVEY:

The Dias Geophysical DCIP survey was completed using the DIAS32 system with common voltage referencing. The receiver electrode spacing was 100 m on lines separated by 200 m. The electrical current injection spacing was 200 m along lines that extended between the receiver lines. From 1 to 4 current injections were added to the ends of the lines to increase depth coverage near the ends of the survey grid. The survey was completed as a roll-along 3D array with a total of four receiver-lines active for each current injection for a total of approximately 100 active receivers for each current injection.

A total of 714,887 pole-dipole data records were processed and delivered from a total data set of over 2 million data points. Dipoles ranged in size from 100 m to 850 m, and the orientation of the dipoles ranged across all azimuths. Unconstrained 3D inversions of the final Resistivity and Chargeability data were generated using the SimPEG tensor mesh 3D DCIP code. The final 3D models of Resistivity and Chargeability have a mesh size of 25 m by 25 m by 25 m.

Attachments

• Figure 1

• Figure 2 & 3

CONTACT: Craig Dalziel Oroco Resource Corp. (604) 688-6200 cdalziel@orocoresourcecorp.com

BRISBANE, Australia and OTTAWA, June 02, 2021 (GLOBE NEWSWIRE) — SolGold Plc (LSE:SOLG; TSX:SOLG) (“SolGold”) and Cornerstone Capital Resources Inc. (TSXV:CGP; OTC:CTNXF; FWB:GWN1) (“Cornerstone”) (together the “Parties” and individually, a “Party”) are pleased to announce today they have agreed to work cooperatively to advance the Cascabel Project in northern Ecuador.

Concurrently with advancing the Cascabel Project, the Parties will explore and evaluate a range of strategic and financing options focused on maximizing value for their respective shareholders with respect to the Cascabel Project.

The respective Boards of Directors of the Parties are committed to this strategy while simultaneously supporting management and employees in their ongoing efforts to advance the Cascabel Project including finalization and delivery of a new technical report. Both SolGold and Cornerstone believe that pursuing these complementary paths is in the best interests of their respective shareholders, employees and stakeholders and is designed to maximize value for each company.

Liam Twigger, Chairman of SolGold, and Greg Chamandy, Chairman of Cornerstone jointly stated: “We are committed to fostering a positive working relationship between SolGold and Cornerstone for the benefit of our respective shareholders. Our focus remains on maximizing shareholder value by cooperatively advancing Cascabel with the input of both of our respective management teams and pursuing all potential value enhancing initiatives.”

Keith Marshall, Interim CEO of SolGold commented: “For too long our companies have been pulling in different directions. This initiative provides an opportunity for both companies to put away their differences and to work together for the collective good of the Cascabel Project”.

Nick Mather, a Director of SolGold, commented: “I am welcoming this initiative and I am 100% supportive as I believe it can maximize value for SolGold shareholders which has been my objective from the very beginning. Delivering an updated technical report that reduces the risk profile of Cascabel along with advancing discussions with Cornerstone in parallel, is the correct strategic decision and will benefit SolGold shareholders.”

Brooke Macdonald, President and CEO of Cornerstone, added: “Our focus is aligned with respect to lowering the development risk at Cascabel and accessing the high-grade core at Alpala that currently has 442MT at 1.40% CuEq in the measured & indicated category including 359MT at 1.47% CuEq in the measured category alone based on MRE#3¹.”

Advisors

Cornerstone’s financial advisors are Maxit Capital LP and Paradigm Capital Inc.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 20.8% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 6.86% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.

Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact ir@cornerstoneresources.ca, or:

Investor Relations:
Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333

Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.asp

Cautionary Notice:
This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ In particular, this news release contains forward-looking statements including, without limitation, with respect to Cornerstone’s and SolGold’s intention to work cooperatively to advance the Cascabel Project in northern Ecuador, that Cornerstone and SolGold intend to explore and evaluate a range of strategic and financing options focused on maximizing value for their respective shareholders with respect to the Cascabel Project and that a new technical report in respect of the Cascabel Project will be completed. Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature and, in respect of the subject matter of this news release, no assurance can be given that the results of the exploration and evaluation of strategic and financing options will result in action of any particular type. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

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

¹ See “Cascabel Property NI 43-101 Technical Report, Alpala Porphyry Copper-Gold-Silver Deposit – Mineral Resource Estimation, January 2021” with an Effective Date: 18 March 2020 and Amended Date: 15 January 2021 (the “Amended Technical Report”), filed at www.sedar.com on January 29, 2021.

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

VANCOUVER, BC, June 2, 2021 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce that Nikolaos Cacos, President and CEO and Guillermo Pensado, VP, Exploration & Development will go through Blue Sky's June presentation including an overview of current operations and upcoming milestones.

You can register for the webinar below:

HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may also submit your question(s) beforehand via email to bluesky@rbmilestone.com.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

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

View original content to download multimedia:http://www.prnewswire.com/news-releases/blue-sky-uranium-to-host-live-webinar-on-wednesday-june-2nd-at-2pm-et1100am-pst-301303525.html

SOURCE Blue Sky Uranium Corp.

TSX: GPR | NYSE American: GPL

This news release constitutes a "designated news release" for the purposes of Great Panther's prospectus supplement dated July 9, 2019, to its short form base shelf prospectus dated July 2, 2019

VANCOUVER, BC, June 2, 2021 /CNW/ – Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, is pleased to announce the appointment of Sandra Daycock as Chief Financial Officer ("CFO") and Fernando Cornejo as Chief Operating Officer ("COO"). Neil Hepworth will be retiring as COO, effective June 30, 2021.

"Sandra's breadth of experience and proven leadership skills are a great addition to our executive management team," stated Rob Henderson, President & Chief Executive Officer. "Sandra has demonstrated a strong capability for strategic business planning and corporate development since joining Great Panther earlier this year. I have high confidence in her ability to lead the finance team and look forward to working with her."

Ms. Daycock has been appointed as CFO effective immediately. Ms. Daycock joined Great Panther in March 2021. She brings over 20 years of financial management and capital markets experience in a commodity industry setting, including seven years in senior management. Prior to joining Great Panther, Ms. Daycock served as Director, Corporate Development at Methanex Corporation, the world's largest producer and supplier of methanol. While at Methanex Ms. Daycock also held leadership positions in investor relations, treasury, tax and FP&A. She is a Certified Professional Accountant (CPA – CMA B.C.) and she holds a Bachelor of Arts (Honours) and Master of Arts in Economics, both from the University of Manitoba.

Mr. Cornejo will assume the role of COO effective July 1, 2021. He was appointed as Great Panther's Vice President of Projects & Technical Services in July 2019 and promoted to Vice President, Operations Brazil in March 2020. Mr. Cornejo brings close to 20 years of experience in senior management roles in the mining industry. Before joining Great Panther, Mr. Cornejo served as Vice-President, Projects & Technical Services of Aura Minerals Inc. where he successfully led the re-engineering and subsequent re-start of two open pit and underground mining operations in Brazil and Mexico. Mr. Cornejo holds a master's degree in Chemical Engineering from École Polytechnique de Montréal and is a member of the Professional Engineers of Ontario.

Mr. Henderson continued: "Fernando has played a key role in advancing our presence in Brazil and I am pleased to promote him to Chief Operating Officer. Fernando has demonstrated a strong ability to identify, coordinate and successfully implement operational improvements across our operations. We are excited to benefit from Fernando's leadership and industry expertise as we continue to grow Great Panther's production profile."

"Neil has been a valuable member of our executive management team since 2019 and has contributed significantly to the Company through his leadership of our operating mines in Brazil and Mexico," stated Mr. Henderson. "Neil has worked closely with Fernando to ensure a smooth transition of his responsibilities. I would like to thank him for his support and wish Neil all the best in his retirement."

ABOUT GREAT PANTHER

Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico, and Peru, including three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.

View original content to download multimedia:http://www.prnewswire.com/news-releases/great-panther-announces-cfo-and-coo-appointments-301303469.html

SOURCE Great Panther Mining Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/02/c9417.html

Completion of Regional Airborne VTEM Geophysical Program Announced

Toronto, Ontario–(Newsfile Corp. – June 2, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce it has initiated a fully funded, expanded exploration program at the Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte Mining District of Newfoundland and Labrador, Canada. Exploration activities are underway with two drills exploring along the highly prospective Hammerdown Deformation Zone and will work outwards to new high priority targets throughout 2021 and into 2022.

Program Highlights

• 40,000 metre ("m") of exploration drilling and additional geophysical surveys including:

  • 30,000 m planned near the Hammerdown and Orion gold deposits targeting resource expansion in and around the proposed open pit and underground workings outlined in the Preliminary Economic Assessment ("PEA") released on February 29, 2020

  • 10,000 m allocated to drill test several new regional targets including Whisker Valley and Gull Ridge where high grade gold, silver and copper mineralization was encountered during 2020

• VTEM survey completed across 358 km² land package identifying several highly conductive anomalies

"Maritime has made significant progress in the past 15 months advancing Hammerdown though a positive PEA, completing the acquisition of the Nugget Pond gold plant and the recent release of the Project from the Environmental Assessment. We are extremely excited about the expanded and fully funded 40,000 m drill program that we believe will unlock significant value for the Company," adds Garett Macdonald, President and CEO. "The priority will be targeting resource growth along the Hammerdown Deformation Zone. Historically this area has been underexplored, especially during the early 2000's when gold prices averaged US$300/oz and Hammerdown was operating with a cut-off grade of over 8.0 gpt Au. Our exploration teams are combining new data from several sources including machine learning (AI), the latest in geophysical surveys, pXRF mapping and soil sampling. Along with the review of historic drilling, the use of these new technologies have already led to several high priority conductivity and chargeability targets identified across the Green Bay, Whisker Valley and Gull Ridge projects," continued Mr. Macdonald.

Hammerdown Deformation Zone Exploration

During the latter part of the 2020 exploration program, Maritime's exploration teams discovered two new gold zones adjacent to Hammerdown and Orion deposits. This included 6.9 gpt Au / 6.0 m, including 19.9 gpt Au / 2.0 m in drill hole GA-20-35 (see news release dated February 1^st, 2021) located 150 m east of Hammerdown at a depth of 150 m and 22.7 gpt Au / 0.44 m in drill hole BB-20-123 (see news release dated January 7^th,2021) located 300 m northeast of the Orion deposit. These discoveries highlight the mineral potential along the deformation zone and the opportunities which exist within 1.0 km of the existing deposits, especially in the 2.0 km gap between Hammerdown and Orion where only 11 holes totaling 2,450m have been drilled historically.

The Orion deposit remains open at depth and in late 2020 a wide zone of continuous, felsic mineralization was traced from surface to over 250m below surface. These drilling results included 5.2 gpt Au / 13.0 m in drill hole BB-20-130 (see news release dated January 7^th, 2021) and 8.0 gpt Au / 5.0 m in drill hole BB-20-132 (see news release dated January 19^th, 2021). The 2021 exploration program will initially follow up on these new discoveries and then step out to test new targets, systematically working outwards across the entire property.

Figure 1: Hammerdown Deformation Zone

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4548/86149_mariti2.jpg

Geophysical Survey Program

The Company has engaged Geotech Ltd. ("Geotech") to carryout a deep looking regional Z-TEM (Z-Axis Tipper Electromagnetic) survey. ZTEM surveys are designed to map significant structures and geological units with potential to host mineralization at depths exceeding 1-2 km, making these surveys ideal for exploring deep rooted porphyry systems and the sources of near surface mineralization.

Development of a 3-Dimensional common earth model, which incorporates geophysics, geochemistry, and bedrock geology to aid in planning future exploration work and vectoring in on priority targets utilizing machine learning (AI) technology is underway. Maritime is also carrying out a comprehensive field mapping and sampling program along prospective trends. This includes utilizing tools such as a Beep-Mat to detect hidden or buried mineralized rocks and outcrops. A Beep-Mat System has been field tested by Maritime personnel at the Hammerdown deposit and has detected gold mineralized bedrock beneath a couple of meters of overburden.

Maritime began employing alteration mapping technology including pXRF (Portable X-Ray Fluorescence) lithogeochemical surveys which will assist in rapid identification of key pathfinder minerals associated with zones of base and precious metal enrichment. Alteration mapping is a commonly used technique to vector towards the most intensely altered and highest grade portions of regional scale porphyry systems.

Regional Airborne VTEM Survey

The Company recently completed a high-resolution airborne VTEM (Versatile Time Domain Electromagnetic) and magnetic geophysical survey across 100% of its land holdings. The survey was completed by Geotech and covers the now contiguous 358 km² Green Bay, Whisker Valley and Gull Ridge properties. Over 50 strong conductive anomalies were identified which may be due to massive or semi-massive sulphides. There are several known polymetallic massive sulphide horizons on the property which have associated gold mineralization both in the horizon and as distinct zones proximal to the massive sulphides.

In addition to the numerous conductive anomalies, a series of large-scale conductive lows were also identified. These have been interpreted by geophysicists as potential zones of widespread disseminated sulphides. Gold mineralization is commonly associated with disseminated sulphides across the property. The Company is currently working with Geotech on an advanced targeting study where the VTEM data is reprocessed to provide Airborne IP (AIIP) to better define the multiple zones of chargeability.

Figure 2: Project Map Depicting Total Magnetic Intensity (TMI), Mineral Occurrences and VTEM Geophysical Targets

(Dashed circles indicate target areas)

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4548/86149_7bef3970644cca1f_002full.jpg

Figure 3. Whisker Valley – 19.1 gpt Au, 69.6 gpt Ag and 2.96% Cu (bedrock sample 463109)

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4548/86149_7bef3970644cca1f_003full.jpg

Regional Exploration – Greenfields Projects

As the Company proceeds with advancing Hammerdown, the regional exploration program has been expanded with the goal of advancing targets to discoveries. The substantial land position offers numerous multi-kilometre trends with gold and base metals identified in surface samples, outcrops and preliminary diamond drilling. A rigorous and systematic exploration approach is being carried out at each trend.

Conductivity Targets – Polymetallic targets (gold and base metals)

The VTEM survey has identified many high priority conductive anomalies throughout the region. The most significant anomalies have been identified at:

• Green Bay Project: Orion North, Hammerdown North, Spar Pond North, Birchy Pond, and Timber Pond

• Gull Ridge Project: Skate Pond, Black Brook, and Black Ridge

• Whisker Valley Project: Gary Vein system, Nest Prospect, Gull Pond, and Slink Pond

Ground geophysics (EM) target refinement and exploratory diamond drilling is underway or planned at these locations.

Chargeability Targets – Gold targets with disseminated sulphides

As indicated above, the VTEM chargeability targets are being re-processed to provide AIIP data. The most significant anomalies that have been identified from the initial VTEM survey are in the following areas:

• Green Bay Project: Southern Cross, Ursa Major and Minor prospects

• Gull Ridge Project: The Gull Ridge Pluton and Black Ridge

• Whisker Valley Project: Bartletts Pond

The Gull Ridge anomaly (which is associated with the Gull Ridge Pluton) is a 4 km diameter sub-round monzonitic intrusion known for having occurrences of broad scale disseminated sulphide mineralization and is thought to be the most attractive of these chargeability anomalies. This anomaly is believed to represent a new prospective porphyry target.

Regional diamond drilling focus

Previous exploration drilling across the Company's land holdings, including the Whisker Valley project, has revealed areas with extensive gold mineralization and indications of a more robust mineral system. The 2021 drilling and exploration will continue to vector towards the highest priority areas in the systems testing conductivity, chargeability, and geochemical targets. Further drilling of the Gary Vein system at Whisker Valley will focus on broader corridors of high-grade gold mineralization as seen in WH-20-12 which intersected 5.1 gpt Au over 5.8 m at a depth of 150 m below surface in the centre of the valley (see news release dated November 5^th, 2020).

Surface sampling in the Whisker Valley area has frequently identified high-grade gold mineralization in outcrop, glacial erratics and float samples (Figure 3, see press release dated September 11, 2020) with much of the outcropping mineralization confined to areas of trenching. In addition to the Beep-Mat exploration campaign, the Company will be employing pXRF technology to map the porphyry style alteration patterns which have been observed in many outcrops throughout the Whisker Valley and Gull Ridge region and is expected to aid in developing alteration vectors towards the most prospective areas.

About Maritime Resources Corp.

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

On Behalf of the Board:

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

For further information, please contact:

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

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Qualified Person:

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

Caution Regarding Forward Looking Statements:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86149

Shareholder Proxy Voting Deadline is Monday, June 7, 2021 at 10:00 a.m. (Toronto time)
Shareholder Questions or Require Voting Assistance?
Contact Laurel Hill Advisory Group toll free at 1-877-452-7184 by email at assistance@laurelhill.com.

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) — Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") announces that leading independent international corporate governance analysis and proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co., (“Glass Lewis”) have recommended that Noront shareholders vote FOR all of the Company’s director nominees who are standing for election at Noront’s upcoming Annual and Special Meeting of Shareholders (the “Meeting”) being held on June 9, 2021 at 10:00 a.m. (EDT), and FOR the other items of business. ISS and Glass Lewis provide voting recommendations to their subscribers after carefully considering what is in the best interests of shareholders.

Further details regarding the items of business to be voted on at the Meeting can be found in Noront’s Proxy Circular, available on SEDAR (www.sedar.com). Given the ongoing COVID-19 pandemic, the Company urges shareholders to vote by proxy, ahead of the Meeting.

YOUR VOTE IS IMPORTANT! – PLEASE VOTE TODAY

Voting is easy. Due to the essence of time, vote via the internet or by phone following the instructions found on your form of proxy or voting instruction form.

Please submit your vote well in advance of the proxy voting deadline at 10:00 a.m. (Eastern Daylight Time) on June 7, 2021.

Noront may utilize Broadridge’s QuickVote™ service to assist eligible Non-Registered Holders with voting their shares directly over the telephone.

The Board of Directors recommends that shareholders vote FOR all of the director nominees and meeting resolutions.

Shareholder Questions and Assistance with Voting
Shareholders who have questions or require voting assistance may contact Noront’s shareholder communication advisor and proxy solicitation agent, Laurel Hill Advisory Group, by telephone at 1-877-452-7184 (toll-free in North America) or 1-416-304-0211 (collect call outside North America) or by email at assistance@laurelhill.com.

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:

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

Media:

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

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

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. In this respect, the Company has assumed that (i) required regulatory approvals are received for the Rights Plan, (ii) shareholders will ratify the Rights Plan, and (iii) the Rights Plan will work as expected to ensure that all Noront shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids". 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.

VANCOUVER, BC, June 1, 2021 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce it has entered into a binding letter of intent ("LOI") with Mirasol Resources Ltd. (TSXV: MRZ) ("Mirasol") for an option (the "Option") to acquire a 75% undivided interest in Mirasol's Libanesa silver-gold project ("Libanesa") in the province of Santa Cruz, Argentina. Under the terms of the LOI, Golden Arrow may exercise the Option by incurring certain exploration expenditures and making staged cash payments over six years.

Libanesa is a drill-ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Based on the work to date, Cerro Plomo is the principal target and is characterized by a mineralized Au/Ag hydrothermal breccia that is exposed at surface, and both chargeability and resistivity geophysical anomalies at depth. Trench results include:

• 6m at 0.8 g/t Au, 243.8 g/t Ag and 0.4% Pb

• 10.5m at 0.98 g/t Au, 53.4 g/t Ag and 0.9% Pb

• 11m at 1.21 g/t Au, 13.5 g/t Ag and 1.4% Pb

Additional targets within Libanesa include the peripheral polymetallic veins at the Libanesa Main prospect; and, the Lagunita prospect, which has reported rock chip values up to 7.2 g/t gold.

"Libanesa presents an excellent opportunity for discovery and provides Golden Arrow with a new exploration entry into this exciting area of Santa Cruz, which hosts multiple high-grade gold and silver mines," commented Joseph Grosso, Golden Arrow's Executive Chairman, President and CEO.

About the Libanesa Project

Libanesa is a 14,500 ha Ag-Au (Pb) project, discovered and staked by Mirasol. It is located at the north eastern margin of the Deseado Massif Au-Ag metallogenic province, approximately 70 km west from the port of Puerto Deseado, 40 km northwest of the Cerro Moro Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas mine operated by Cerrado Gold. (See Figure 1: Libanesa location in Santa Cruz Province.)

Libanesa is a drill-ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Based on the work to date, Cerro Plomo is the principal target and is characterized by a mineralized Au/Ag hydrothermal breccia that is exposed at surface, and both chargeability and resistivity geophysical anomalies at depth. Peripheral polymetallic veins at the Libanesa Main prospect represent secondary targets and are supported by base metal +/- Au mineralization. The Lagunita prospect is a third prospective zone, which has reported some encouraging rock chip Au values from more typical low sulfidation type epithermal veins and breccias. This prospect requires additional surface exploration to vector into the potentially better mineralized parts of this extensive vein system, where intermittent vein occurrences, outcropping/subcropping through post mineral cover, have been mapped over a strike length of at least 2.3 km.

The following is a summary of project data, provided by Mirasol and reviewed by Mirasol's Qualified Person (see Mirasol news releases July 23, 2007, July 21, 2008, February 27, 2009 and October 20, 2009). Readers are advised that Golden Arrow has not completed sufficient due diligence to verify the data or interpretations provided.

Libanesa Main prospect:

The Libanesa Main prospect lies along a dilational northwest structure and within a north-northwest corridor bounded by large-scale transfer faults that are clearly identified by the ground magnetic surveys. (see Figure 2: Libanesa Main structural setting.) The main outcropping geological unit comprises partially welded and massive, crystal-rich, rhyolitic flow tuffs intruded by an andesitic to trachytic dike swarm that displays a radial distribution.

The principal target at Libanesa Main is the Cerro Plomo hydrothermal breccia pipe, which is approximatively 50m in diameter and forms an obvious geomorphic positive relief feature at this prospect. The Cerro Plomo breccia pipe has returned strong Au/Ag mineralization from both rock chip sampling and trench sampling, displaying a geochemical signature characterized by a Ag(±Au)-base metal association (see Table 1, below, as well as Figure 3: Cerro Plomo geology and trench sampling results and Figure 4: Libanesa Main target areas and Au-Ag rock chip geochemistry). A trenching program completed to explore under shallow lacustrine sediments confirmed the continuity of the mineralization, which remains open under a clay pan (dry lake) to the south. Highlighted results from the trench sampling include:

• 6m at 0.8 g/t Au, 243.8 g/t Ag and 0.4% Pb

• 10.5m at 0.98 g/t Au, 53.4 g/t Ag and 0.9% Pb

• 11m at 1.21 g/t Au, 13.5 g/t Ag and 1.4% Pb

These positive geochemical results are coincident with shallow and deep-seated geophysical anomalies below the Cerro Plomo target that are defined by the Magnetotellurics (MT) and Audio MT (AMT) geophysical surveys completed by Mirasol (2009/2010 and 2019), further strengthening the target.

In addition, a series of epithermal polymetallic veins (Bajo Aspero, Anibal, NE Zone), located peripheral and outboard from the Cerro Plomo breccia system, and associated with patchy argillic/pyritic alteration, have returned a strong Ag-Au-Pb-Zn and As-Sb-Te geochemical signature. Notably, the Au values do not correlate well with other metals, but Ag values are strongly correlated with Pb, Cu and Sb (+/-As,Te). This distribution of mineralization suggests the presence of at least two mineralization events related to the polymetallic veins and the Cerro Plomo hydrothermal breccia at the Libanesa Main prospect.

Lagunita Prospect:

The Lagunita prospect, located approximately 6 km north of Cerro Plomo, is a 10 km² erosional window exposed through the quaternary gravel cover, where reconnaissance prospecting has identified multiple quartz veining and structural breccia occurrences. The local geology is comprised of small outcrops of Jurassic aged fine ash, rhyolitic tuffs, andesitic dykes and minor calcareous rocks. A strong northwest structural trend appears to focus pervasive silicification and emplacement of crystalline, drusy and saccharoidal quartz veinlets. At Lagunita, rock chip geochemistry returned good Au values (see Table 1) with lower Ag values and base metals including Pb, Zn and Cu, thus displaying a more typical low sulfidation epithermal signature and clearly distinguishing the Lagunita veins from the breccias and polymetallic veins located at the Libanesa Main prospect.

Table 1: Au and Ag geochemistry result statistics

Summary of Terms

The transaction contemplated in the LOI is subject to legal and technical due diligence and the finalization of a definitive agreement. Mirasol has granted Golden Arrow a 90-day exclusivity period.

Under the terms of the LOI, Mirasol will grant Golden Arrow an option to earn a 75% interest in Libanesa over six years (the "Option Period") by:

• incurring exploration expenditures totaling US$4,000,000

• making cash payments to Mirasol totaling US$1,000,000

The initial US$500,000 in exploration expenditures is a firm commitment, but it may be incurred over 24 months instead of 12 months, if the required exploration permits are not in place by October 2021. In addition, Golden Arrow is required to complete a minimum of 2,000m of drilling by the end of the second year. Golden Arrow will be the operator during the Option Period.

Upon completion of the option, Mirasol and Golden Arrow will hold 25% and 75%, respectively, in a participating Joint Venture company holding Libanesa. If either party's equity interest is diluted below 10%, it will convert to a 2% net smelter return royalty.

Qualified Persons

The technical portions of this news release have been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development to the Company and a Qualified Person as defined in National Instrument 43-101.

About Golden Arrow:

Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. The Company is well leveraged to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer SSR Mining Inc.

Golden Arrow is actively exploring a portfolio that includes a new epithermal gold project in Argentina, a district–scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso"

_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO

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.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

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SOURCE Golden Arrow Resources Corporation

VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced the appointment of Darren Klinck to the Board of Directors and Ian Pritchard and Luis Azevedo as strategic advisors. Brian McMaster and Luis Azevedo have resigned as Directors. These appointments add significant corporate and project related experience to the team responsible for advancing ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”) Project in northeastern Brazil.

“With these additions, the growing strength of ValOre’s team is highly evident. We are very honoured to have Darren, Ian and Luis fulfilling roles where their respective skills and expertise will have an immediate tangible impact on the success of ValOre,” stated Jim Paterson, ValOre’s Chairman and CEO. “We thank Brian and Luis for their service as board members for the past two years as representatives of Jangada Mines PLC, a significant ValOre shareholder. As Jangada advances the neighbouring Pitombeiras Vanadium Project and Jangada’s shareholdings in the Company have reduced over time, it now makes sense for these two gentlemen to step down from ValOre’s Board of Directors. We look forward to celebrating project-related successes for both Pedra Branca and Pitombeiras over the coming years as these will directly benefit the shared local communities.”

Darren Klinck – Director

Mr. Klinck is an accomplished mining executive with a wide range of management experience working throughout Australasia & The Americas. He was President & CEO of Bluestone Resources following the acquisition of the Cerro Blanco gold project in Guatemala in 2017 where he led the team that financed and advanced the project through resource expansion, feasibility and engineering phases of the project development. Prior to that, Mr. Klinck spent more than ten years with OceanaGold as a member of the Executive Committee that achieved significant growth and business expansion to become a multi-mine, international gold mining company growing from a sub-$100M CAD market capitalization to greater than $3B CAD market capitalization. At the end of his tenure there, he was Executive Vice President & Head of Corporate Development for OceanaGold Corporation responsible for overseeing the capital markets as well as the mergers and acquisitions strategy. Over the past 20 years, Mr. Klinck has been instrumental in negotiating both equity and debt financing packages totalling more than $800m and has significant experience leading teams in emerging markets with a strong focus on Corporate Social Responsibility (CSR) and community engagement programs as well as extensive government relations activities. He has a Bachelor of Commerce degree from the Haskayne School of Business at the University of Calgary.

Ian Pritchard – Advisor

Mr. Pritchard has over 30 years of experience in project and operations management in the mining industry both in North America as well as internationally, including, in particular, Brazil. Mr. Pritchard’s mining experience includes the management of pre-feasibility and feasibility studies, engineering, procurement and construction management projects. He has held senior executive positions at various organizations worldwide including SNC-Lavalin and De Beers Canada. Importantly for ValOre, Ian maintains a strong working relationship with ValOre’s team in Canada and Brazil and serves as an excellent mentor for this dynamic group as they advance the Pedra Branca project.

Luis Azevedo – Advisor

Mr. Azevedo is a licensed lawyer and geologist with over 35 years of international experience and over 25 years of business and mining experience specifically in Brazil.

He is a Managing Partner at FFA Legal Ltda., Non-Executive Director of Harvest Minerals, Jangada Mining, GK Resources and Talon Metals and previously worked for Western Mining Corporation, Barrick Gold Corporation and Harsco Corporation. Assembled land packages in Brazil resulting in IPOs of Canadian companies, including: Rio Verde, Paringa, Avanco, and Beadell.

In 2019, he was appointed Vice President of the newly formed Mining Council of the National Confederation of Industry (“CNI”) in Brazil, a major industry association that includes over 27 federations, and 1,250 unions.

Qualified Person (QP)

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

About ValOre Metals Corp.

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

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

The Pedra Branca PGE Project comprises 39 exploration licenses covering a total area of 39,987 hectares (98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

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

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

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

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

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

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

Hole Encountered 40m of Mineralization Over 45m;
Including 29m of Continuous Mineralization Grading 2.05% CuEq

Expansion to Drilling Campaign Following C$100M Fairfax Financing Planned

VANCOUVER, BC, June 1, 2021 /CNW/ – Foran Mining Corporation (TSXV: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that its latest infill drill hole has delivered one of the widest intercepts of continuous high grade copper mineralization to date during its ongoing 30,000m drill program and continues to define a band of thick, copper-rich mineralization in both the Massive Sulphide ("MS") lens and the underlying Copper Stockwork Zone ("CSZ") at its 100% owned McIlvenna Bay Deposit in Saskatchewan, Canada.

Highlights:

• MB-21-216w1 intersected multiple zones of mineralization:

• In total, the hole intercepted all four zones of the deposit, representing over 40m of mineralization (non-contiguous) over 45m.

• Together with the previously announced results, Foran believes this impressive intercept supports its view that it is possible to upgrade and expand the indicated resource and underpin future reserve conversions in both the MS and the CSZ. Further expansion drilling is planned along this trend of thicker CSZ intersections, which remains open up dip and along plunge (see Figure 1).

• Foran intends to incorporate results from the program into a resource update planned for this summer and will follow with the release of a bankable feasibility study in Q4/21.

• Further, in light of the recently announced C$100M strategic investment from Fairfax, Foran is considering a potential expansion to its exploration program at McIlvenna Bay and the broader Hanson Lake District in order to test the many exciting targets on the property. The Company is therefore scaling up the programs and will advise the market of its plans in due course.

Dan Myerson, Executive Chair of Foran, commented: "Hole MB-21-216w1 has delivered the widest intercept of continuous copper rich mineralization ever encountered at the McIlvenna Bay deposit. It provides us with additional optimism in our ability to expand the indicated category resource, and therefore further increase the mine life at McIlvenna Bay. This is yet another of a series of holes drilled along the upper plunge line of the deposit that continues to define a band of thick, high grade copper mineralization hosted in both the MS and the CSZ. These strong results bode well for future mining costs and ultimate economics as we optimize the throughput of our envisioned centralized mill within the Hanson Lake District and prove out the value of McIlvenna Bay and this multi-generational camp.

"Based on very encouraging results from the current campaign and the recent C$100M investment from Fairfax, we are considering various options to accelerate and increase the scale of our exploration program. Foran is uniquely positioned, well capitalized and prepared to demonstrate both the near and long term upside at McIlvenna Bay and the broader Hanson Lake District. There is tremendous potential throughout our land holdings, and we look forward to providing more details on exploration programs for the remainder of 2021 and into 2022."

Further information

The 2021 drill program at McIlvenna Bay has been underway since mid-January. To date, approximately 13,000m of infill and expansion drilling has been completed of the planned 30,000m drill program. The program has generally focused on increasing the density of drilling in the deeper parts of the Deposit to convert current inferred resources to the indicated category. All holes drilled to date have successfully intersected the deposit with many high-grade results from this year's drilling. Detailed results from the recent hole MB-21-216w1 are provided in Table 1 below.

The deposit remains open for expansion both up/down dip and along plunge with further drilling. In the near term, a series of step out holes are planned which target a corridor of thick (>10m) CSZ intersections from previous drilling (see figure 1). It appears that additional drill holes along this corridor could result in significant copper intersections with above average thickness. If the drilling in this area returns results as expected, it could have a positive impact on the planned revised resource estimate that will provide the basis for the Feasibility Study.

Table 1: Significant Drill Intercepts from the McIlvenna Bay Winter Program¹:

Quality Assurance and Quality Control

Drilling was completed using NQ size diamond drill core and core was logged by employees of the Company. During the logging process, mineralized intersections were marked for sampling and given unique sample numbers. Sampled intervals were sawn in half using a diamond blade saw. One half of the sawn core was placed in a plastic bag with the sample tag and sealed, while the second half was returned to the core box for storage on site. Sample assays are being performed by TSL Laboratories Ltd. ("TSL") in Saskatoon, Saskatchewan. TSL is a CAN-P-1579, CAN-P-4E (ISO/IEC 17025:2005) accredited laboratory and independent of Foran. Analysis for Ag, Cu, Pb and Zn is performed using atomic absorption spectrometry ("AA") after multi-acid digestion. Au analysis is completed by fire assay with AA finish. Any samples which return results greater than 1.0 g/t Au are re-run using gravimetric finish. A complete suite of QA/QC reference materials (standards, blanks and pulp duplicates) are included in each batch of samples processed by the laboratory. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data.

Qualified Person

Mr. Roger March, P. Geo., Senior Geoscientist for Foran, is the Qualified Person for all technical information herein and has reviewed and approved the technical information in this release.

About Foran Mining

Foran Mining is a copper-zinc-gold-silver exploration and development company, and we are committed to supporting a greener future, empowering communities, and creating circular economies which create value for all our stakeholders, while also safeguarding the environment.

Our goal is to build the first mine in Canada designed to be carbon neutral from day one of production. We are in the feasibility stage of development for our flagship McIlvenna Bay project in eastern Saskatchewan.

McIlvenna Bay is a copper-zinc-gold-silver rich VMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. McIlvenna Bay sits just 65km from Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225km.

McIlvenna Bay is the largest undeveloped VMS deposit in the region. The Company filed a NI 43-101 Technical Report for the PFS on the McIlvenna Bay Deposit on SEDAR on April 28, 2020. Foran's copper-zinc VMS Bigstone Deposit is expected to serve as additional feed for the mill at McIlvenna Bay. The Company filed a NI 43-101 Technical Report for the Bigstone Deposit's first resource estimate on January 21, 2021.

Foran trades on the TSX.V under the symbol "FOM" and on the OTCQX under the symbol "FMCXF".

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward Looking Statements

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management's current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: complete the feasibility study in a timely manner, including the anticipated capital and operating costs, sustaining costs, net present value, internal rate of return, payback period, process capacity, average annual metal production, average process recoveries, anticipated mining and processing methods, proposed PFS production schedule and metal production profile, anticipated construction period, anticipated mine life, expected recoveries and grades, anticipated production rates, infrastructure, social and environmental impact studies; future financial or operating performance of the Company, subsidiaries and its projects; estimation of mineral resources;, exploration results;, opportunities for exploration, development and expansion of the McIlvenna Bay Project and its potential mineralization; achieve carbon neutral status from day one of production; the future price of metals; the realization of mineral reserve estimates; costs and timing of future exploration; the timing of the development of new deposits; requirements for additional capital, foreign exchange risk, government regulation of mining and exploration operations, environmental risks, reclamation expenses, title disputes or claims, insurance coverage and regulatory matters. In addition, these statements involve assumptions made with regard to the Company's ability to develop the McIlvenna Bay Project and to achieve the results outlined in the PFS, and the ability to raise capital to fund construction and development of the McIlvenna Bay Project.

These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve and resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; success of the Company's projects, including the McIlvenna Bay Project; prices for zinc, copper, gold and silver remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in zinc, copper, gold and silver prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Canada, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.

These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.

SOURCE Foran Mining Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/01/c2579.html

As OilPrice.com reported today, a committee of the OPEC+ group of nations (OPEC, plus a few other oil-producing nations such as Russia that also have an interest in oil prices), decided today to continue with a planned increase of 840,000 barrels per day (bpd) in July production quotas. Oil demand is expected to grow by 6 million bpd, or 6.6%, to 96.5 million bpd on average this year, OilPrice.com said, as economies open back up and demand for energy surges. By the fourth quarter this year, OPEC+ predicts global demand will surpass 99 million bpd, great news for oil stocks.

TERRE HAUTE, Ind., June 01, 2021 (GLOBE NEWSWIRE) — Hallador Energy Company (NASDAQ – HNRG) announced today it will join with Hoosier Energy Rural Electric Cooperative, Inc. to develop up to 1000 megawatts (MW) of renewable power. The new generation will be located near the Merom Coal Generation Station in Sullivan, IN which Hoosier Energy expects to retire in May 2023.

The plan calls for Hallador to develop approximately 200MW of energy from solar and battery storage through power purchase agreements with Hoosier Energy in 2025. Hallador will seek other customers to develop the remaining generation capacity at the Merom interconnection site.

"We are excited for the opportunity to work with Hallador Energy and open a path for them to develop renewable energy near the Merom Station,” said Donna Walker, President and CEO of Hoosier Energy. “While it may seem surprising for a coal producer to assist with a renewable transition, Hallador has been helping serve the needs of Hoosier Energy for 17 years. Not only will this conversion assist both companies in transitions to a greener future, but it will also benefit our members and their member-consumers as well.”

“Expanding Hallador’s portfolio to include renewable energy is the natural next step in the company’s evolution, “ said President and CEO Brent Bilsland.

“With today’s heightened focus on decarbonization, utilities are constantly evaluating the makeup of their generation. Thus, during these times of rapid change we are seeing coal plant retirement dates being both accelerated, for environmental reasons, and delayed, over grid stability concerns,” Bilsland said. “Hallador is now uniquely situated to support our customers through coal supply to existing plants while also offering a platform to help customers transition to solar and batteries at the time of their choosing. This flexibility we can now offer is good for our customers, employees, and our shareholders.”

Hallador is headquartered in Terre Haute, Indiana. To learn more about Hallador, visit our website at www.halladorenergy.com.

About Hoosier Energy
Founded in 1949, Hoosier Energy is a generation and transmission cooperative (G&T) with headquarters in Bloomington, Indiana. The G&T provides electric power and services to 18 electric distribution cooperatives in central and southern Indiana and southeastern Illinois. Collectively, the 18 members serve nearly 710,000 consumers. Hoosier Energy is an equal opportunity provider and employer. For more information, visit www.hoosierenergy.com.

CONTACT: Contact: Rebecca Palumbo, 303-913-8560

Syrah Resources Limited (ASX:SYR) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.

After the upgrade, the twin analysts covering Syrah Resources are now predicting revenues of US$37m in 2021. If met, this would reflect a huge 238% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$23m in 2021. It looks like there's been a clear increase in optimism around Syrah Resources, given the chunky increase in revenue forecasts.

View our latest analysis for Syrah Resources

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting Syrah Resources' growth to accelerate, with the forecast 238% annualised growth to the end of 2021 ranking favourably alongside historical growth of 56% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.9% annually. It seems obvious that as part of the brighter growth outlook, Syrah Resources is expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting for revenues to perform better than companies in the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Syrah Resources.

Still got questions? At least one of Syrah Resources' twin analysts has provided estimates out to 2022, which can be seen for free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.

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

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

Hundreds of billions of private dollars are being poured into the EV industry … and that’s on top of Biden’s $174 billion for subsidies and charging stations. 

There is no stopping the surge. 

General Motors (NYSE:GM) is investing $27 billion in EVs over the next five years. It used the Superbowl for its breakout. Now, it’s mainstreaming them as the all-American car choice.  

Ford (NYSE:F) is doubling its investment in EVs to $22 billion, and they’re planning to release their electric version of the Mustang and the F-150, the most popular vehicle in the U.S.

Amazon (NASDAQ:AMZN) dumped $700 million into EV startup Rivian, and as of January, it’s managed to boost its funding haul to $8 billion. 

The United States Postal Service signed a 10-year, multi-billion dollar contract with Oshkosh Defense to produce thousands of electric mail trucks.

United Airlines (NASDAQ:UAL) just placed an incredible $1 billion order with EV manufacturer, Archer, for a fleet of electric air taxis.

And Tesla’s (NASDAQ:TSLA) recent earnings report blew the roof off the electric house, with car deliveries doubling in early 2021. 

The U.S. Government fleets plan to go all electric, and profits are starting to plug-in for investors who saw the future in advance.

In a 12-month period …

Blink Charging (NASDAQ:BLNK) is up more than 1,509%…

Chinese Nio (NYSE:NIO) has gained 657%…

General Motors (NYSE:GM), whose stock couldn’t make a move at all prior to its EV push, has gained 94%. 

Now, it’s time to look for the next EV tie-in play.

Nothing fits that sentiment better than Canadian Facedrive (TSXV:FD,OTC:FDVRF). The innovative pioneer of carbon offset ride-sharing has been acquiring companies and adding EV tie-in verticals at a rapid clip over the past year. 

With these acquisitions, they’ve brought the EV boom into ride-sharing, food delivery and most stunningly, the emerging trend of car subscriptions.

All this is partly why they’ve seen shares jump over 45% over the last year…

And there’s likely much more to come here because this is a revenue growth story. 

Over the last twelve months, Facedrive's revenue grew by 552%. 

And now that Facedrive has announced a major government investment in their technology, we think their business could be set to take off in 2021.

Here are 3 reasons why you should be paying attention to Facedrive right now:

1 – Leveraging Auto Giants for the Gig Economy

Many of the biggest EV stories of late have come from auto giants unveiling new models or companies working on building out the infrastructure, like Blink Charging …

But Facedrive–always an innovator–is taking a different approach.

Instead, they’re using the cars those automakers have already made and turning them into an EV-related ecosystem.

Uber built its $96-billion business by leveraging cars that weren’t their own.

Facedrive (TSXV:FD,OTC:FDVRF) is aiming to do the same. It’s connecting customers to EVs through ride-sharing, food and pharma delivery and via car subscriptions with its most recent acquisition of Exelon-backed, Washington, D.C.-based Steer. 

Their ride-sharing model is simple. 

Customers request a ride and then pick conventional, hybrid or EV (at no extra charge). 

Facedrive’s algorithm crunches the numbers, setting aside a portion of the fare to plant trees, offsetting the carbon footprint from the ride.

Through next-gen tech and partnerships, they’re bringing EVs into the gig economy and leveraging them for revenues, without manufacturing a thing. 

That’s because Facedrive has also added a food delivery service, which has taken off since so many have been stuck at home during global lockdowns.

Today, they’re delivering over 4,100 orders per day on average. And after growing to 19 major cities, they plan to expand to more cities across the U.S. and Canada soon.

But they’ve also gone beyond applying EVs to the gig economy and are offering a way for people to get behind the wheel themselves without the usual sticker shock.

2 – Reinventing The Standard Model

EV demand is soaring and looks unstoppable. 

By mid-decade, it’s forecast we’ll have the choice of more than 400 EV models. 

Forecasts say this could push EV sales to between six million and 11 million vehicles by 2025, rising to between 11 million and 19 million units a year by 2030.

With Facedrive’s acquisition of Steer, drivers can get the benefits without the large upfront cost.

Facedrive recently acquired the EV subscription company from the largest clean energy producer in the United States, and they’re aiming to change the way people think about using EVs.

This is where Netflix meets the EV boom, for a double surprise that could turn traditional car ownership model on its head.

With Facedrive’s acquisition of Steer, customers pay a simple monthly fee like with Netflix, and they get access to their own virtual gallery of EVs, delivered on demand by concierge service.

So they can borrow one whenever they need it instead of buying an EV outright – and at a fraction of the cost of buying.

They had been up and running in the Washington D.C. market already…

And they’ve seen so much interest there that they’ve decided to expand further north, to roll out the service in Toronto as well.

Facedrive already has two of the largest metro areas in North America up and running, the eco-tech innovator is paving the way for a completely unique way to save drivers money in the EV boom.

3 – Eco-Friendly and Working on the COVID Front Lines

While Facedrive (TSXV:FD,OTC:FDVRF) has been busy helping bring EVs to mainstream use in creative ways, they’ve also been playing a role in the fight against COVID-19 in Canada. They're helping people get back to work—more safely. 

Partnering with the University of Waterloo, they’ve created a wearable contact tracing technology called TraceSCAN. 

It’s designed to help alert those without cell phones after they’ve been in contact with someone who’s tested positive for COVID-19.

That’s great news for those working in schools, airports, mining, long-term care facilities, and more.

And the demand for TraceSCAN has increased in recent months, as businesses work to open safely and responsibly.

Facedrive has now signed an agreement with Canada’s largest airline, Air Canada, to use this technology.

They’re also in discussions to continue TraceSCAN’s growth with major multinational corporations.

And the government of Ontario is investing $2.5 million to help speed up the deployment of TraceSCAN to more users.

That started the ball rolling in a major way, with Facedrive as a tech innovator pressuring other governments and businesses around the world to adopt measures to get people back to work safely and jump start economies. 

2021 Is Where We Cement Our Electric Future

The EV boom isn’t just limited to manufacturing cars. 

It involves building an entire electric ecosystem and re-imagining what transportation looks like on all fronts.

Facedrive (TSXV:FD,OTC:FDVRF) fully expects to see its growth wave continue as it brings EVs to ridesharing, food delivery, and possibly the biggest disruptor yet–subscriptions.

Other Companies To Watch As Electric Cars Boom

General Motors (NYSE:GM) is one of the world's largest manufacturers, and they are now branching out into manufacturing electric cars. Though GM has been around for a long time, this new venture is an exciting step in their company's history. They are working hard to create cars that are environmentally friendly and will offer drivers a better overall driving experience.

That’s not all its working on, either. In October, auto industry legend, GM announced that it’s majority-owned subsidiary, Cruise, has just received approval from the California DMV to test its autonomous vehicles without a driver. And while they’re not the first to receive such an approval, it’s still huge news for GM. “Before the end of the year, we’ll be sending cars out onto the streets of SF — without gasoline and without anyone at the wheel. Because safely removing the driver is the true benchmark of a self-driving car, and because burning fossil fuels is no way to build the future of transportation,” explained Cruise CEO Dan Ammann in a Medium post.

Ford (NYSE:F) is another legacy automaker that has committed to the electric vehicle boom. And while it suffered a major downturn last year, Ford is already bouncing back, with its stock price more than doubling since May 2020. Ford also announced that it plans on spending over $27 billion on electric vehicle production over the next decade.

Just two weeks ago, Ford finally revealed its new F-150. An electric version of one of the hottest selling cars in the United States. While Tesla’s still-to-be-released Cyber Truck boasts higher specs, the announcement of the iconic F-150 electric model has been very well received, and it has been reflected in Ford’s stock price.

In addition to its all-electric array of vehicles, Ford, like GM, is also looking to get in on the autonomous car boom. For its part, Ford has recently revealed plans to launch its self-driving business in 2022. The new vehicles, in partnership with Argo AI, a Philadelphia-based autonomous vehicle startup, will include major upgrades from advanced Lidar technology and high resolution cameras. Ford plans to test these vehicles in Austin, Texas; Detroit; Miami; Palo Alto, California; Pittsburgh and Washington, D.C. as early as this month.

Toyota (NYSE:TM) has an interesting background… In fact, it was established as a loom manufacturing company by Sakichi Toyoda in 1926. In 1933, its first passenger car was produced, though it did not become profitable until after World War II. In 1947, the Toyota Motor Company (TMC) was created to oversee production of vehicles from both companies; during this time period TMC began developing new technology such as direct injection engines and hybrid powertrains for use on future models. From 2007 to 2011 all models sold were either partially or fully electric, and it has gone even further since.

The Toyota Prius was one of the first hybrids to hit the road in a big way. While the legacy hybrid vehicle has been the butt of many jokes throughout the years, the car has been a major success, and more importantly, it helped spur the adoption of greener vehicles over the past decade.

Bob Carter, TMNA executive vice president of sales explained, “We continue to be leaders in electrification that began with our pioneering introduction of the Prius nearly 25 years ago,” adding “Toyota’s new electrified product offerings will give customers multiple choices of powertrain that best suits their needs.”

Amazon (NASDAQ:AMZN) is taking a step towards the future and has filed patent for an electric delivery vehicle. The vehicle would have no driver, but instead be able to self-drive in order to deliver packages or even groceries. This will help make deliveries more efficient by not having to rely on human drivers.

The idea of self-driving vehicles may seem like a big change, but it's actually something that many companies are working on right now – and if we think about it, they're not too different than the cars we drive ourselves today!

Amazon has also made bold renewable projects, and aims to be 100% renewable within the next four years.

The announcement this week piggybacks last week’s 8,000-word press release that spoke of Bezos’ exit from CEO impressive 2020 financial numbers. But the press release included little about the giant’s impact on the climate. Forbes detailed last month that in 2020, Amazon’s emissions increased by 15% over the previous year. The total carbon emitted is 51.1 million tons.

United Airlines (NYSE:UAL) has announced that they will be using electric airplanes. This is the first time in history that an airline company has used such a vehicle for commercial flights. Experts are saying this may have a major impact on the environment and those who live near airports. It's predicted to save up to $140 million in fuel costs annually, which could translate into cheaper ticket prices for customers.

The use of electric airplanes also means less noise pollution, as well as fewer emissions from jet engines meaning cleaner air quality overall. With more people taking to the skies every year, it's hard not to see why this new technology offers so many benefits over traditional planes.

Tesla Inc. (NASDAQ:TSLA) is an American automotive and energy company based in Palo Alto, California. Founded by Elon Musk in 2003, the company specializes in electric cars, lithium-ion battery energy storage, solar panels and also sells its products online. Tesla's first car was the Roadster sports car which became a reality when they began accepting orders for it on July 22nd 2008. The company has gone through many ups and downs over the years but recently they have been experiencing more success than ever before with their Model S sedan that received critical acclaim from both Consumer Reports as well as Motor Trend magazine who named it Car of the Year 2013.

Tesla was the talk of Wall Street in 2020. Throughout the year, the de facto king of electric vehicles dominated headlines and defied expectations. The meteoric rise by Tesla stock has seen CEO Elon Musk leapfrog several billionaires including Bill Gates to become the second-richest man on earth with a net worth of over $155 billion. Musk even briefly surpassed Jeff Bezos at one point to become the richest man in the world.

Blink Charging (NASDAQ:BLNK) is an energy storage company with a focus on developing and deploying smart, flexible, cost-effective batteries to the grid. They are currently working on their first project in Southern California where they provide all-electric utility transportation services for the City of San Diego. Blink's goal is to create a more sustainable world by providing clean, reliable power for everyone.

And it’s paying off. Blink has risen by over 1500% since this time last year. And the sky is the limit for this up-and-comer. A wave of new deals, including a collaboration with EnerSys to deploy electric vehicles and charging stations adds further support.

Michael D. Farkas, for his part, the founder, CEO and Executive Chairman of Blink noted, “This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.”

Nio Inc. (NYSE:NIO) is a Chinese electric vehicle company that was founded in November 2016 by William Li, the CEO of Bitauto and founder of Beijing Automotive Group. In September 2018 they launched their first product, ES8 which is an all-electric SUV with a range of 480 kilometers (300 miles) on a single charge. And the year after, they finally went public. Nio’s debut on public markets wasn’t as exciting as many had hoped for, however. In fact, the company struggled to bat away short sellers and naysayers until 2020. But after reporting a record number of deliveries, launching its revolutionary “Battery-as-a-service” platform, and a multi-billion-dollar bump from Chinese investors, the company’s stock price skyrocketed by 1604%, starting off the year at $59 per share, before falling back to earth and settling at its current price of $42.10.

Though it may not seem like it now, it wasn’t so long ago that analysts and investors alike were ready to write off their losses and give up on electric vehicle manufacturer Nio Inc. In fact, there were even rumors that the automaker was on the brink of bankruptcy. But the Chinese Tesla rival powered on, blew away estimates, and most importantly, kept its balance sheet in line. And its efforts have paid off – in a big way.

Due in large part to its exposure to the renewable energy market, Celestica’s (TSX:CLS)  future is tied hand-in-hand with the green energy boom that’s sweeping the world at the moment. It helps build smart and efficient products that integrate the latest in power generation, conversion and management technology to deliver smarter, more efficient grid and off-grid applications for the world’s leading energy equipment manufacturers and developers.

Like the rest of the market, Celestica fell victim to the massive selloff sparked by the global COVID-19 pandemic, seeing its share price fall into the $2 range in March 2020. Since then, however, the stock price has soared by nearly 400% to its current trading price of $8.60.

Maxar Technologies (TSX:MAXR) is a high flying tech stock to watch in the energy transition. Why? Its wholelly-owned subsidiary, SSL, a designer and manufacturer of satellites used by government and commercial enterprises, has pioneered research in electric propulsion systems, lithium-ion power systems and the use of advanced composites on commercial satellites. These innovations are key because they allow satellites to spend more time in orbit, reducing costs and increasing efficiency. And it’s greener than traditional power sources.

Maxar has seen its share of up and downs, but investors are finally taking note on its true potential. While it slumped a little bit earlier in the year, it’s finally starting to gain some traction. And as the company snags more deals, it could very well continue to climb.

Lithium Americas Corp. (TSX:LAC) is one of North America’s most important and successful pure-play lithium companies. And it’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.

Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

Magna International (TSX:MG) isn’t necessarily an EV producer, but it is a great way to gain exposure to the EV – and by extension ESG – market without betting big on one of the new hot automaker stocks tearing up Robinhood right now.

More than a decade ago, Magna International was already making major moves in the battery market, investing over half a billion dollars in battery production while the market was still in its infancy. At the time, electric vehicles as we know them had barely hit the scene, with Tesla launching its premiere car just two years prior. Magna’s massive investment has paid if in a big way, however. Since its battery bet, the company has seen its valuation soar by tens of billions of dollars, and it has solidified itself as one of the leaders in the business. 

Like Magna, Westport Fuel Systems (TSX:WPRT) is another hardware and tech provider in the auto-industry.It builds products to help the transportation industry reduce their carbon footprint. It is an important company to watch as new fuels and new forms of energy take the spotlight. Especially as the world races to leave behind traditional gasoline and diesel-powered vehicles. That’s because, while it is a manufacturing play at heart, it offers a particularly unique way to gain exposure to the alternative fuels market. As a key manufacturer of the hardware needed to build natural gas and other alternative-fueled cars, Westport is definitely a company to watch in this scene. 

By. Chris Wintle

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will achieve its plans for manufacturing and selling Tracescan devices; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]

FRANKLIN, Ind., June 01, 2021 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that it intends to offer, on a non-brokered private placement basis, up to 5,000,000 units of the Company (the "Units") at a price of C$0.20 per Unit (the "Issue Price") for gross proceeds to the Company of up to C$1.0 million (the "Offering"). There is no minimum offering amount.

Each Unit will consist of one common share of IBC (each, a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.23 at any time prior to the date which is two years following completion of the Offering.

It is anticipated that the private placement will close on or before June 18, 2021, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”), and other customary conditions.

Proceeds of the private placement will be used for working capital and general corporate purposes.

The Offering will take place by way of a private placement to qualified investors in such provinces of Canada (except Quebec) as the Company may designate, and otherwise in those jurisdictions where the Offering can lawfully be made, including the United States under applicable private placement exemptions.

It is expected that certain directors and officers of the Company will participate in the Offering and therefore the proposed issuance of the Common Shares under the Offering constitutes a related-party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to nor the consideration paid by such persons would exceed 25% of the Company’s market capitalization.

All of the securities sold pursuant to the Offering will be subject to a hold period which will expire four months and one day from the date of closing.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark Smith”

Mark Smith P.E., Esq. , Chairman

Contact:

Mark A. Smith, Chairman
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jsims@policycom.com

Website: www.ibcadvancedalloys.com

@IBCAdvanced $IB $IAALF #Beryllium #Beralcast

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast^® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, and Pennsylvania. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".

Cautionary Statements

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the pricing and composition of the Units, the expected closing date and use of proceeds and the expected participation by certain directors and officers. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Please see “Risks Factors” in our Annual Information Form available under the Company’s profile at www.sedar.com, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Figure 1:

Felix Property IP Survey Area

MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) — Vanstar Mining Resources Inc. (“Vanstar”, or the “Company”) (TSX.V – VSR) is pleased to announce that it has concluded an Induced Polarity (“IP”) survey on the Felix property. The IP survey focused on a western portion of the property underlain by a folded banded iron formation and preliminary results identified a number of chargeability anomalies that are consistent with previously reported MEGATEM conductors. As a result, the Company is refining phase 2 of its drill program on the property and intends to drill the targets as soon as possible. A drill rig has been secured that will be available to begin the program in September.

Figure 1: Felix Property IP Survey Area

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7945a74-5262-499b-9fb8-2795aade5c25

In addition, phase one of the drill program did not return significant gold values. Phase one was designed to test a historical hole that was drilled in the late 1970’s which reported gold values ranging from 0.9 g/t to 1.8 g/t. The historic and phase one holes were drilled in metasediments and not in the iron formations that are the target of the phase two program.

About the Felix Project

The Felix project is located in an environment of volcanosedimentary origin comprising a unit of volcanic rock in the north, another in the south and the central part is occupied by sedimentary rocks. Late intrusions in the form of batholiths, plutons or dikes are also noted all around the property. The property rests mainly on the rocks of the Chicobi Group. The sedimentary basin contains mudstones and graphitic turbiditic sandstones, with a minor magnetite-chert and hematite-jasper banded iron formation and a conglomerate. A significant Algoma-type iron formation is present in the northern part of the property. The gold grades intersected in the historic drilling are located near the southern contact of the latter. In addition, the Chicobi-Nord regional fault crosses the northern part of the property. This fault, of regional dimension, borders the Normetal mining camp to the south. The project is located in the eastern extension of this mining camp where there are former massive sulphide mines and numerous gold showings, such as those of the former Perron gold mine which are actively worked on by Amex Exploration. Shear zones parallel to the Chicobi-Nord fault are also found in the sediments of the Chicobi Group and as evidenced by the Authier gold showings located west of the property.

Mr. Gilles Laverdière, consultant geologist and qualified person under NI 43-101 has read and approved this press release.

About Vanstar

Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the “Discovery of the Year” award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters.

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.

SOURCE :

JC St-Amour
President and CEO
+1 (647) 296-9871
jc@vanstarmining.com
www.vanstarmining.com

VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or "the Company") is pleased to announce its 2021 exploration plans for the Company's wholly owned GK property, a copper-gold project located in the Golden Triangle mining district of northwestern British Columbia (Figure 1). The GK property is surrounded by several important copper and/or gold deposits, including Golden Bear, Red Chris, Schaft Creek, Spectrum-GJ, GT-Tatogga and Galore Creek. The property is situated 15 km from the town of Telegraph Creek and covers an area of approximately 274.5 km². The southeastern-most portion of the property is accessible by road.

The GK property covers several porphyry targets, as well as related skarn and vein mineralization. The majority of work to date has focused on the Grass Mountain area, where large, very strong copper-gold geochemical anomalies surround the Triassic to Jurassic aged Grass Mountain pluton (Figure 2). Numerous showings have been identified within the pluton as well as in the surrounding Triassic volcanic and volcaniclastic rocks of the Stikine terrane. Extensive gold and copper mineralization occurs in veins, shears, fracture fillings, dykes and locally as disseminations in country rocks. Assay values from rock samples collected in this area have returned up to 47.5 g/t gold, 15.85% copper and 120 g/t silver. Peak soil values include 6.18 g/t gold, 0.689% copper and 59.9 g/t silver. Recent work on the property focused on gold-bearing quartz veins, including a two-hole drill program that intersected 13.1 g/t gold and 6.05% copper over 0.74 m. These are the only holes that have ever been drilled on the property.

An interpretation of property-wide, helicopter-borne magnetic and radiometric data set has just been completed by SJV Consultants Ltd., on behalf of Strategic. 3D interpretation of the magnetic data shows that the Grass Mountain pluton forms a circular magnetic high, which models as a large, steep-sided body that gradually widens with depth. Across the northern portion of the pluton, circular to elliptical pipes extend upwards and form apophyses from the buried intrusion. Several of the showings identified by historical work are now revealed to be associated with the surface expression of these apophyses (Figure 3). Only limited prospecting and rock sampling in the vicinity of these apophyses has been performed; however, rock samples collected from these areas have returned up to 1.31 g/t gold and 1.5% copper, and on the periphery of one of these apophyses, a surface chip sample assayed 20.2 g/t gold and 0.68% copper over 0.7 m. An induced polarization (IP) survey conducted across a glacial-till covered area within one of the copper-gold geochemical anomalies has defined a steeply dipping resistivity low and associated chargeability high, down-dip of the magnetic high (Figure 2). This highly prospective target has not been drill tested. Interpretation of the property-wide radiometric data has also identified several areas of interest outside of the main showings. The most interesting target is a large area at the southwest edge of the Grass Mountain pluton, where low Th/K values overlie a recently identified magnetic high. These characteristics suggest the presence of extensive potassic alteration associated with a buried intrusion or another apophysis off the Grass Lake pluton.

Soil geochemical and geophysical data point towards the presence of one or more large porphyry copper-gold system(s) on the property, but because most historical work focused on the gold-rich vein systems, the porphyry potential remains largely untested. The 2021 field program is designed to evaluate the porphyry concept and will comprise geological mapping and prospecting, including detailed structural and alteration mapping, soil geochemical surveying and targeted hand trenching and chip sampling. The work will ground check several high priority targets identified by the 3D geophysical modeling in the Grass Mountain area and elsewhere on the property, in the context of porphyry copper-gold mineralizing systems. These targets include areas west of the Grass Mountain area, where little to no modern mapping and sampling. One of these westerly targets is in the vicinity of the VB showing, where skarn mineralization is found adjacent to the Tahltan Lake pluton (Figure 3). Six historical rock samples taken from outcrops in this area, which are intermittently exposed over a distance of 740 m, averaged 1.34 g/t gold, 2.29% copper and 31.86 g/t silver. Historical soil sampling over the VB showing outlined a strong copper anomaly, but no gold analyses were performed on these samples.

"The GK property is an exceptional but vastly under-explored prospect in an important porphyry belt, where new world-class discoveries have been made in recent years by deep drilling" states Doug Eaton, CEO and President of Strategic Metals. "We look forward to results from 2021 work at GK and from a number of other promising porphyry copper-gold projects in the Company's stellar portfolio."

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

About Strategic Metals Ltd.

Strategic is a project generator with a portfolio of more than 130 projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. The projects include more than 80 properties where precious metals are the major component, several promising copper prospects and a number of excellent critical metal targets. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of over $9 million and large shareholdings in a number of active mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd., 19.2% of Precipitate Gold Corp. and 18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic's stock portfolio is approximately $25 million.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

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

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

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

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/649829/Strategic-Metals-Ltd-Announces-Exploration-Program-at-the-GK-Copper-Gold-Project-in-BCs-Golden-Triangle

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

QUEBEC CITY, June 01, 2021 (GLOBE NEWSWIRE) — Stelmine Canada (STH-TSXV) (“Stelmine” or the “Company”) has arranged a non-brokered placement. The financing will consist of the sale of up to 7,777,778 units of Stelmine (the "Units") at a price of $0.09 per Unit for gross proceeds of up to $700,000 (the " Offering"). Each Unit shall comprise one common share of Stelmine and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the Company at $0.11 for a period of 36 months from issuance.

The proceeds of the Offering will be used for exploration on the Courcy and Mercator Projects in the Caniapiscau Region and for general working capital purposes. Finders’ fees may be paid in connection with the private placement.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. The Common Shares issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or for the account or benefit of U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Stelmine Canada

Stelmine is a junior mining exploration company pioneering a new gold district Caniapiscau (east of James Bay) in the under-explored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has 100% ownership of 1,574 claims or 815 km² in this part of northern Quebec, highlighted by the Courcy and Mercator Projects. Stelmine’s capital stock consists of 45,896,188 issued and outstanding shares.

Forward-looking statements

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

to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Cautionary statement

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

For further information, contact:

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

Follow us on:
www.Stelmine.com
https://twitter.com/Stelmine1
https://www.facebook.com/StelmineCanada/
https://ca.linkedin.com/company/stelmine-canada-ltd

iShares MSCI Global Silver Miners ETF SLVP topped the list of best-performing ETFs in May, gaining 18.4%. Being a leveraged play, metal miners tend to experience more gains than their bullion cousins in a rising metal market.

As the global economy is recovering from the pandemic buoyed by rapid vaccinations and reopening of the economies, industrial and manufacturing demand is picking up providing a boost to silver prices. The white metal is used in a wide range of industrial applications. About half of the metal’s total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers (read: 5 Great Value ETFs to Buy as Inflation Fears Grip Markets).

Additionally, rising inflationary pressures have driven up demand for silver as an inflation hedge. A weaker greenback also added to the strength as it makes dollar-denominated assets attractive for foreign investors, raising the appeal for precious metal.

Further, the global push for green energy, increasing demand in areas like 5G, a rebound in global computer shipments, and new sources of demand for sensors used in IoT and OLED lighting will continue to boost silver demand. Silver is largely used for manufacturing of solar panels and electric vehicles, and will play a key role in the shift to 5G wireless network technology.

Let’s take a closer look at the fundamentals of SLVP.

SLVP in Focus

This fund follows the MSCI ACWI Select Silver Miners Investable Market Index, providing investors exposure to companies that derive the majority of revenues from silver exploration or metals mining. It holds 29 stocks in its basket with Canadian firms making up the lion’s share at 67.3% while the United States round off the next spot with double-digit exposure. SLVP has AUM of $354 million and an average daily volume of about 208,000 shares. It charges 39 bps in annual fees (see: all the Materials ETFs here).

Though most of the stocks in the fund’s portfolio delivered strong returns, a few were up more than 20% in May. Below we have highlighted the five best-performing stocks in the ETF with their respective positions in the fund’s basket:

Best Performing Stocks of SLVP

Hecla Mining Company HL: This company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The stock occupies the second position in the basket with 9.8% share and soared 40% last month. It carries a Zacks Rank #3 (Hold) and a Growth Score of A.

Endeavour Silver Corporation EXK: This small-cap silver mining company is focused on the growth of its silver production, reserves and resources in Mexico. It jumped about 27.6% in May. Endeavour Silver currently has a Zacks Rank #4 (Sell) and Growth Score of A. The stock makes up for 2.8% share.

New Gold Inc. NGD: This company is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia. The stock rallied 23.2% in May and makes up for 3.1% in SIL portfolio. It has a Zacks Rank #3 and Growth Score of A (read: Commodity Prices on an Unstoppable Rally: ETFs to Benefit).

Coeur Mining Inc. CDE: This company operates as a primary silver and gold producer with precious metals mines in the Americas. The stock gained 19.2% in May. It currently carries a Zacks Rank #4 and has a Growth Score of B. Coeur Mining accounts for 19.2% allocation.

Newmont Corporation NEM: It is one of the world's largest producers of gold with several active mines in Nevada, Peru, Australia and Ghana. The stock delivered returns of 14% last month. The stock has a Zacks Rank #3 and Growth Score of A. Newmont occupies the fifth position and makes up 5.3% of SIL.

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VANCOUVER, British Columbia, June 01, 2021 (GLOBE NEWSWIRE) — Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol”) is pleased to announce it has entered into a binding letter of intent (“LOI”) with Golden Arrow Resources Corporation (TSX-V: GRG) (“Golden Arrow”) granting to Golden Arrow an option (the “Option”) to acquire a 75% undivided interest in Mirasol’s Libanesa project (“Libanesa”) in Santa Cruz province, Argentina. Under the terms of the LOI, Golden Arrow may exercise the Option by incurring certain exploration expenditures and making staged cash payments over six years.

Mirasol’s President, Tim Heenan stated: “Libanesa is an advanced exploration project with multiple attractive drill targets. Golden Arrow has been a successful explorer in Argentina for well over a decade and will be a strong partner to advance Libanesa. Mirasol is securing the permits necessary for the start of exploration during H2 2021.”

Summary of Terms

Under the terms of the LOI, Mirasol will grant Golden Arrow an option to earn a 75% interest in Libanesa over six years (the “Option Period”) by:

• incurring exploration expenditures totaling US$4,000,000

  • US$500,000 per year during the first 2 years; and

  • US$750,000 per year thereafter.

• making cash payments to Mirasol totaling US$1,000,000

  • US$100,000 to be paid on the 2^nd, 3^rd and 4^th anniversaries;

  • US$250,000 on the 5^th anniversary; and

  • US$450,000 on the 6^th anniversary.

The initial US$500,000 in exploration expenditures is a firm commitment, but it may be incurred over 24 months instead of 12 months, if the required exploration permits are not in place by October 2021. In addition, Golden Arrow is required to complete a minimum of 2,000m of drilling by the end of the second year. Golden Arrow will be the operator during the Option Period.

Upon completion of the option, Mirasol and Golden Arrow will hold 25% and 75%, respectively, in a participating JV company holding Libanesa. If either party’s equity interest is diluted below 10%, it will convert to a 2% net smelter return royalty.

The transaction contemplated in the LOI is subject to customary due diligence and the finalization of a definitive agreement. Mirasol has granted Golden Arrow a 90-day exclusivity period.

Project Overview

Libanesa is a 14,500 ha Ag-Au (Pb) project, discovered and staked by Mirasol. It is located at the north eastern margin of the Deseado Massif Au-Ag metallogenic province, approximately 70 km west from the port of Puerto Deseado, 40 km northwest of the Cerro Moro Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas mine operated by Cerrado Gold.

Figure 1: Libanesa location in Santa Cruz Province

Libanesa is a drill ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Cerro Plomo is the principal target and is characterized by a well mineralized Au/Ag hydrothermal breccia that is exposed at surface, and supported by both chargeability and resistivity geophysical anomalies at depth. Peripheral polymetallic veins at the Libanesa Main prospect represent secondary targets and are supported by strong base metal +/- Au mineralization. The Lagunita prospect is a third prospective zone, which has reported some encouraging rock chip Au values from more typical low sulfidation type epithermal veins and breccias. This prospect requires additional surface exploration to vector into the potentially better mineralized parts of this extensive vein system, where intermittent vein occurrences, outcropping/subcropping through post mineral cover, have been mapped over a strike length of at least 2.3 km.

A summary of the project data compiled to date is provided below (see news releases July 23, 2007, July 21, 2008 , February 27, 2009 and October 20, 2009).

• Libanesa Main prospect:

The Libanesa Main prospect lies along a dilational northwest structure and within a north-northwest corridor bounded by large-scale transfer faults that are clearly identified by the ground magnetic surveys. The main outcropping geological unit comprises partially welded and massive, crystal-rich, rhyolitic flow tuffs intruded by an andesitic to trachytic dike swarm that displays a radial distribution.

Figure 2: Libanesa Main structural setting

The principal target at Libanesa Main is the Cerro Plomo hydrothermal breccia pipe, which is approximatively 50m in diameter and forms an obvious geomorphic positive relief feature at this prospect. The Cerro Plomo breccia pipe has returned strong Au/Ag mineralization from both rock chip sampling and trench sampling (see Table 1, Figure 3 and 4), displaying a geochemical signature characterized by an Ag(±Au)-base metal association. A trenching program completed to explore under shallow lacustrine sediments confirmed the continuity of the mineralization, which remains open under a clay pan (dry lake) to the south. Highlighted results from the trench sampling include:

• 6m at 0.8 g/t Au, 243.8 g/t Ag and 0.4% Pb

• 10.5m at 0.98 g/t Au, 53.4 g/t Ag and 0.9% Pb

• 11m at 1.21 g/t Au, 13.5 g/t Ag and 1.4% Pb

Figure 3: Cerro Plomo geology and trench sampling results

These positive geochemical results are coincident with shallow and deep-seated geophysical anomalies below the Cerro Plomo target that are defined by the Magnetotellurics (MT) and Audio MT (AMT) geophysical surveys completed by Mirasol (2009/2010 and 2019), further strengthening the target.

In addition, a series of epithermal polymetallic veins (Bajo Aspero, Anibal, NE Zone), located peripheral and outboard from the Cerro Plomo breccia system, and associated with patchy argillic/pyritic alteration, have returned a strong Ag-Au-Pb-Zn and As-Sb-Te geochemical signature. Notably, the Au values do not correlate well with other metals, but Ag values are strongly correlated with Pb, Cu and Sb (+/-As,Te). This distribution of mineralization suggests the presence of at least two mineralization events related to the polymetallic veins and the Cerro Plomo hydrothermal breccia at the Libanesa Main prospect.

Figure 4: Libanesa Main target areas and Au-Ag rock chip geochemistry

• Lagunita Prospect:

The Lagunita prospect, located approximately 6 km north of Cerro Plomo, is a 10 km² erosional window exposed through the quaternary gravel cover, where reconnaissance prospecting has identified multiple quartz veining and structural breccia occurrences. The local geology is comprised of small outcrops of Jurassic aged fine ash, rhyolitic tuffs, andesitic dykes and minor calcareous rocks. A strong northwest structural trend appears to focus pervasive silicification and emplacement of crystalline, drusy and saccharoidal quartz veinlets. At Lagunita, rock chip geochemistry returned good Au values (see Table 1) with lower Ag values and base metals including Pb, Zn and Cu, thus displaying a more typical low sulfidation epithermal signature and clearly distinguishing the Lagunita veins from the breccias and polymetallic veins located at the Libanesa Main prospect.

Table 1: Au and Ag geochemistry result statistics

About Mirasol Resources Ltd

Mirasol is a well-funded exploration company focused in Chile and Argentina. Mirasol has seven partner-funded projects, two with Newcrest Mining Ltd (Chile), and one with each First Quantum Minerals (Chile), Mine Discovery Fund (Chile), Mineria Activa (Chile), Silver Sands Resources (Argentina), and Patagonia Gold (Argentina). Mirasol is currently self-funding exploration at two projects, Inca Gold (Chile) and Sacha Marcelina (Argentina).

For further information, contact:

Tim Heenan, President
or
Jonathan Rosset, VP Corporate Development

Tel: +1 (604) 602-9989
Email: contact@mirasolresources.com
Website: www.mirasolresources.com

Qualified Person Statement: Mirasol’s disclosure of technical and scientific information in this press release has been reviewed and approved by Tim Heenan (MAIG), the President for the Company, who serves as a Qualified Person under the definition of National Instrument 43-101.

Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and environmental related matters. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

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.

When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, long term Hochschild Mining plc (LON:HOC) shareholders have enjoyed a 29% share price rise over the last half decade, well in excess of the market return of around 19% (not including dividends).

View our latest analysis for Hochschild Mining

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the last half decade, Hochschild Mining became profitable. That's generally thought to be a genuine positive, so we would expect to see an increasing share price.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

This free interactive report on Hochschild Mining's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Hochschild Mining's TSR for the last 5 years was 38%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

While the broader market gained around 25% in the last year, Hochschild Mining shareholders lost 3.8% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 7% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Hochschild Mining better, we need to consider many other factors. Even so, be aware that Hochschild Mining is showing 3 warning signs in our investment analysis , you should know about…

Of course Hochschild Mining may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

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

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

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

Vancouver, British Columbia–(Newsfile Corp. – June 1, 2021) – Contact Gold Corp. (TSXV: C) (OTCQB: CGOL) (the "Company" or "Contact Gold") is pleased to announce the completion of the first phase of the 2021 drill program at its Green Springs gold project in White Pine County, Nevada.

Phase 1 drilling totaled 59 drill holes for 7,511 metres completed from early March to late May. On May 18^th Contact Gold announced results from the first six holes of the program with a headline intercept of 1.45 g/t Au over 47.24 metres in hole GS21-05 from the Mine Trend. Results from an additional 53 drill holes are pending as of the date of this news release.

Contact Gold continues to focus on expanding the footprint of gold mineralization at Green Springs through systematic step out drilling along the Mine Trend and completing first pass drilling at high potential greenfield targets.

Phase 1 drill holes were targeted as follows:

• Following up on the multiple broad, oxidized, gold intercepts from 2020 drilling along the 3km Mine Trend (15 holes) and at the Alpha Zone (5 holes) located 1.5km northeast of the Mine Trend

• Expanding the southern end of the Mine Trend by drilling further south, where we have 1.5 km of untested strike extent (13 holes)

• Drilled 19 holes into the never before drilled Tango target, which is the most robust geochemical, geophysical and surface gold mineralized target on the project

• 5 Holes drilled into the Connector target between the Mine Trend and the Alpha Zone

• 2 holes at the Golf Zone following up on shallow oxidized mineralization hosted within the Chainman Shale

"The first phase of drilling in 2021 at Green Springs has gone extremely well. We delivered excellent grades and widths of oxide gold in the Mine Trend in the first 6 holes and completed the program under budget. We drilled 10 holes (1,500 metres) more than originally forecast, testing several additional high-confidence gold targets," stated Matt Lennox-King, CEO of Contact Gold. "With results from 53 holes pending we anticipate a steady flow of drill results from Green Springs over the coming weeks and months. In the meantime, we will be active on the ground, sampling, mapping and upgrading our targeting ahead of the next drill program at Green Springs."

The Mine Trend:

The Mine Trend is defined by a 3km long north-south oriented zone of near surface oxidized gold mineralization, hosted within the Chainman Shale. The Pilot Shale, a well-known regional host rock, underlies the Mine Trend at an approximate depth of 100 metres and was intermittently tested by Contact Gold in 2020. The Pilot Shale beneath the Mine Trend represents an excellent opportunity for additional discoveries.

Drilling by Contact in 2020 expanded the Mine Trend from 2 kilometres to 3 kilometres in length through new discoveries at Zulu and at the northern end of the Trend. Wide intervals of gold mineralization above 2 g/t Au were originally discovered at Echo in 2019 (5.05 g/t Au over 39.6m) (see October 2, 2019 news release), and have been expanded by Contact Gold in each successive drill program.

Green Springs 2021 Drilling

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5350/85982_2021Phase1GSDrilling.jpg

About the Green Springs Project:

Green Springs is located near the southern end of the Cortez Trend of Carlin-type gold deposits in White Pine County, Nevada, east of Fiore Gold's Pan Mine and Gold Rock Project and south of Waterton's Mount Hamilton deposit. The Green Springs property is 18.5 km² encompassing 3 shallow past producing open pits and numerous targets that were not mined.

Contact Gold signed a purchase option agreement with Ely Gold Royalties ("Ely Gold") to acquire an undivided 100% interest in Green Springs in July 2019. Green Springs is an early-stage exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"). There has been insufficient exploration to define a mineral resource estimate at Green Springs. Additional information about Green Springs is summarized in the NI 43-101 Technical Report entitled "NI 43-101 Technical Report for the Green Springs Project, White Pine County, Nevada, USA" prepared for Contact Gold, with an effective date of June 12, 2020, and dated August 5, 2020, as prepared by John J. Read, C.P.G; an independent consultant and qualified person under NI 43-101, and can be viewed under Contact Gold's issuer profile on SEDAR at www.sedar.com.

The scientific and technical information contained in this news release has been reviewed and approved by Vance Spalding, CPG, VP Exploration, Contact Gold, who is a "qualified person" within the meaning of NI 43-101. Drill intercepts were calculated using a minimum thickness of 3.05 metres averaging 0.14 ppm gold and allowing inclusion of up to 4.57 metres of material averaging less than 0.14 ppm gold for low grade intervals and higher-grade intervals were calculated using a minimum thickness of 3.05 metres averaging 1.00 ppm gold and allowing inclusion of up to 4.57 metres of assays averaging less than 1.00 ppm gold. Gravimetric assays are used for all Fire Assays above 4.00 ppm gold. Cyanide solubility assays are completed on all Fire Assays greater than 0.1 g/t. True width of drilled mineralization is unknown, but owing to the apparent flat lying nature of mineralization, is estimated to generally be at least 70% of drilled thickness. The Cyanide recovery percentages are equally averaged by interval, and are not weighted by gold content per interval. Quality Assurance / Quality Control consists of regular insertion of certified reference standards, blanks, and duplicates. All failures are followed up and resolved whenever possible with additional investigation whenever such an event occurs. All assays are completed at Paragon; an ISO 17025:2005 accredited lab. Check assays are completed at a second, reputable assay lab after the program is complete.

Redomicile Process:

The Company is pleased to announce receipt of final court approval of the Company's plan of arrangement (the "Arrangement") involving redomicile from Nevada to continue as a British Columbia corporation (the "Repatriation Transaction") For further details concerning the Repatriation Transaction, please refer to the Company's management information circular dated April 23, 2021, available under the Company's issuer profile on SEDAR at www.sedar.com. The Repatriation Transaction is expected to close on or about Friday, June 4, 2021.

About Contact Gold Corp.

Contact Gold is an exploration company focused on making district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are on the prolific Carlin and Cortez gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 140 km² of target rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage.

Additional information about the Company is available at www.contactgold.com.
For more information, please contact: +1 (604) 449-3361
John Glanville – Director Investor Relations
Chris Pennimpede – VP, Corporate Development
E-mail: info@ContactGold.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to the anticipated exploration activities of the Company on the Green Springs property.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as 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 materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: impacts arising from the global disruption by the Covid-19 coronavirus outbreak; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85982

TORONTO, June 1, 2021 /CNW/ – Purepoint Uranium Group Inc. (TSXV: PTU) ("Purepoint" or the "Company") today provided an update on its ongoing drill program at the 100%-owned Red Willow project within the eastern uranium mine district of the Athabasca Basin, Saskatchewan Canada. The 2021 Red Willow drill program has conducted follow-up testing of the "Hinge fault" within the Osprey Zone, a target zone where Purepoint has identified a lens of uranium mineralization that returned up to 0.20% eU3O8 over 5.8 metres from a shallow depth of 70 metres.

"Starting at the Osprey Zone, we intend to perform follow up on multiple targets prior to the completion of the program." explained Scott Frostad, VP Exploration at Purepoint. "Having isolated nine distinct target zones within the Red Willow project, we need to properly prioritize these areas to ensure our exploration dollars are spent where the potential for discovery is greatest."

Osprey Zone 2021 Drill Results

The 2021 Red Willow program has conducted follow-up drilling within the Osprey Zone with three holes collared approximately one kilometre WSW of Purepoint's hole RW-13 that intersected 0.12% U3O8 over 4.2 metres (see Osprey Section A – A'). The RW-13 intercept, and the more easterly RW-07 intercept of 0.20 eU3O8 over 5.8 metres, are associated with strong hydrothermal alteration at a depth of 60 to 70 metres below surface. The weakly radioactive "Hinge fault", intersected in 2010, was also shown to be associated with strong hydrothermal alteration and therefore a possible conduit for fluids carrying uranium. Hydrothermal fluids are responsible for the presence of clay, hematite and silicification as shown in the Hinge Section B – B'.

Current drilling targeted the Hinge fault towards the north with three holes averaging 200 metres in length (see Osprey Zone plan map). An initial short step-out allowed the strike of the structure to be determined prior to attempting larger step-outs. Two drill holes completed on the same section, OSP21-01 and 02, both successfully intersected the fault at 70 and 140 metres below surface, respectively. The structure was determined to have a strike of 5 degrees NE and was still associated with strong alteration; however, the radioactivity was weaker.

Hole OSP21-03 targeted the projection of the Hinge Fault where it meets the east-west trending electromagnetic (EM) conductor that hosts the known Osprey uranium mineralization. The fault was intersected from 60 to 75 metres downhole with the host rock comprised of weakly chlorite and hematite altered pyritic graphitic pelitic gneiss. The fault at this location included intervals of strong silicification and again returned weak radioactivity. The new projection of the Hinge fault appears to be just west of the uranium-in-soil anomaly located to the north and it may be responsible for the elongate shape of the nearby lake.

Next Steps

The next exploration priority at the Osprey Zone is considered to be the Osprey Conductor North (see Osprey Plan Map). The EM conductor continues for an additional 2 kilometres north of previous Purepoint drilling and has only been tested by two historic (1993) drill holes.

Before testing the Osprey Conductor North, we are moving the drill rig to the next priority target for the 2021 Red Willow drill program in the Geneva Zone. Historic drilling here by Eldorado Resources (1984) intersected very strong basement alteration and anomalous radioactivity with RAD-27 returning 0.22% U3O8 over 1.0 metres within a graphitic fault zone. The Purepoint drill program will follow the radioactive graphitic structure towards the southwest where numerous EM conductors remain untested.

Red Willow Project

The 100% owned Red Willow property is situated on the eastern edge of the Athabasca Basin in Northern Saskatchewan, Canada and consists of 17 mineral claims having a total area of 40,116 hectares. The property is located close to several uranium deposits including Orano Resources Canada Inc.'s JEB mine, approximately 10 kilometres to the southwest, and Cameco's Eagle Point mine that is approximately 10 kilometres due south.

Geophysical surveys conducted by Purepoint at Red Willow have included airborne magnetic and electromagnetic (VTEM) surveys, an airborne radiometric survey, ground gradient array IP, pole-dipole array IP, fixed-loop and moving-loop transient electromagnetics, and gravity. The detailed airborne VTEM survey provided magnetic results that are an excellent base on which to interpret structures while the EM results outlined over 70 kilometres of conductors that in most instances represent favourable graphitic lithology.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) actively operates an exploration pipeline of 12 advanced projects in Canada's Athabasca Basin, the world's richest uranium region. Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company's projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin. These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.

Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.

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

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

View original content to download multimedia:http://www.prnewswire.com/news-releases/purepoint-uranium-provides-first-update-at-red-willow-drill-program-301302548.html

SOURCE Purepoint Uranium Group Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/01/c8342.html

OTTAWA, ON, June 1, 2021 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that a ground geophysics program consisting of Spectral IP (Induced Polarization) and Resistivity has commenced at the Root & Cellar Gold-Silver Project ("Root & Cellar" or the "Project") in Newfoundland. The Company can earn a 100% interest in the Property which is being explored for epithermal gold-silver mineralization and porphyry copper deposits.

The geophysical survey, which is expected to take two weeks to complete, is planned to total 25 line-kilometres and covers the Conquest Zone and recently discovered Windfall Zone. The survey results will be used to guide drill-testing of these two zones later this summer.

The Conquest Zone represents the principal gold target at Root & Cellar. Soil sampling has outlined a distinct area measuring 1,500 x 600 m of anomalous gold-in-soil, associated with other pathfinder elements such as arsenic (As) and antimony (Sb). Within the Conquest Zone, past surface sampling by Northern Shield and the prospector located gold mineralization (in grab samples assaying 0.1 to 45.5 g/t Au) over an area measuring approximately 630 x 400 metres. Although epithermal in nature, the mineralization appears more akin to the high sulphidation variety, though colloform-crustiform banded veins, more typical of low sulphidation, have also been observed recently at the Conquest Zone. The Windfall Zone was discovered in late 2020, following up on strong gold-in-soil anomalies where twenty-five large angular boulders and one outcrop of sulphide-bearing quartz vein were uncovered along a 200 metre traverse across a regional fault zone. The quartz veins returned assays that range from 0.1 to 17.0 g/t Au and silver that range from 0.4 to 53.0 g/t Ag (see Company press release January 13, 2021).

"We eagerly look forward to the completion of the ground geophysical surveys so we can quickly move to the drilling phase and test these large, gold and silver bearing targets."

Ian Bliss – President & CEO

The survey program at Root & Cellar was contracted to Clearview Geophysics of Brampton, Ontario, and is being overseen by Joe Mihelcic, P. Geo. and a qualified person under NI 43-101. This press release has also been reviewed by Christine Vaillancourt, P. Geo. and the Company's Chief Geologist.

Final assays from the drill program that ended recently at the Shot Rock Property are expected shortly and results will be released as soon as all data has been compiled.

Northern Shield Resources Inc. is a Canadian-based company focused on generating high-quality exploration programs with experience in many geological terranes. It is known as a leader in executing grass roots exploration programs using a model driven approach. Seabourne Resources Inc. is a wholly-owned subsidiary of Northern Shield focussing on epithermal gold and related deposits in Atlantic Canada.

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Root & Cellar Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward–looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward–looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities 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.

SOURCE Northern Shield Resources Inc.

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